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Note 9 - Segment Information
 3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

9.

Segment Information

 

Select statement of operations activity of the Company’s reportable segments for the periods presented were (in thousands):

 

  

Three Months Ended

 
  

March 31,

 
  

2023

  

2022

 

Net revenues:

        

Americas

 $48,578  $42,978 

APAC

  6,100   6,818 

EMEA

  9,702   9,198 

Total net revenues

 $64,380  $58,994 
         

Operating income:

        

Americas

 $2,521  $1,780 

APAC

  (192)  (441)

EMEA

  821   728 

Total operating income

 $3,150  $2,067 
         

Interest expense, net:

        

Americas

 $274  $101 

APAC

  (1)  (1)

EMEA

  117   49 

Total interest expense, net

 $390  $149 
         

Other income, net:

        

Americas

 $28  $(7)

APAC

  (6)  (16)

EMEA

  (80)  (64)

Total other income, net

 $(58) $(87)
         

Income before income tax expense:

        

Americas

 $2,219  $1,686 

APAC

  (185)  (424)

EMEA

  784   743 

Total income before income tax expense

 $2,818  $2,005 
         

Income tax expense:

        

Americas

 $755  $370 

APAC

  21   (6)

EMEA

  265   187 

Total income tax expense

 $1,041  $551 

 

Net income, depreciation and amortization expense, and capital expenditures of the Company’s reportable segments for the periods presented were (in thousands):

 

  Three Months Ended 
  March 31, 
   2023   2022 

Net income (loss):

        

Americas

 $1,464  $1,316 

APAC

  (206)  (418)

EMEA

  519   556 

Total net income

 $1,777  $1,454 
         

Net (income) loss attributable to non-controlling interest

        

Americas

 $(485) $(548)

APAC

  (4)  153 

EMEA

  (422)  (385)

Total net income attributable to non-controlling interest

 $(911) $(780)
         

Net income attributable to SPAR Group, Inc.

        

Americas

 $979  $768 

APAC

  (210)  (265)

EMEA

  97   171 

Total net income attributable to SPAR Group, Inc.

 $866  $674 
         

Depreciation and amortization

        

Americas

 $462  $485 

APAC

  13   14 

EMEA

  57   11 

Total depreciation and amortization

 $532  $510 
         

Capital expenditures:

        

Americas

 $289  $466 

APAC

  5   5 

EMEA

  49   7 

Total capital expenditures

 $343  $478 

 

There were no intercompany sales for the three months ended March 31, 2023 and 2022.

 

Total assets of the Company’s reportable segments as of the periods presented were (in thousands):

 

  

March 31,

  

December 31,

 
  

2023

  

2022

 

Assets:

        

Americas

 $76,368  $75,440 

APAC

  5,332   5,952 

EMEA

  13,644   13,206 

Total assets

 $95,344  $94,598 

 

Long-lived assets of the Company’s reportable segments as of the periods presented were (in thousands):

 

  

March 31,

  

December 31,

 
  

2023

  

2022

 

Long lived assets:

        

Americas

 $4,323  $4,605 

APAC

  1,683   1,244 

EMEA

  284   315 

Total long lived assets

 $6,290  $6,164 

 

Geographic Data (in thousands)

 

  

Three Months Ended March 31,

 
  

2023

  

2022

 
      

% of

      

% of

 
      

consolidated

      

consolidated

 
      net revenue      net revenue 

United States

 $26,194   40.7% $23,353   39.7%

Brazil

  18,082   28.1   15,568   26.4 

South Africa

  9,701   15.1   9,198   15.6 

Mexico

  2,472   3.8   2,410   4.1 

China

  2,677   4.2   2,860   4.8 

Japan

  1,553   2.4   2,023   3.4 

Canada

  1,830   2.8   1,647   2.8 

India

  1,406   2.2   1,616   2.7 

Australia

  465   0.7   319   0.5 

Total net revenue

 $64,380   100.0% $58,994   100.0%