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Note 12 - Segment Information | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 12. Segment Information The Company reports net revenues from operating income by reportable segment. Reportable segments are components of the Company for which separate financial information is available that is evaluated on a regular basis by the chief operating decisionmaker in deciding how to allocate resources and in assessing performance. The Company provides similar merchandising and marketing services throughout the world, operating within three reportable geographic segments. The Company evaluates those segments to improve its administration and operational and strategic focuses, and it tracks and reports certain financial information separately for each of those segments. The Company measures the performance of its segments and subsidiaries using the same metrics. The primary measurement utilized by management is operating profits, historically the key indicator of long-term growth and profitability, as the Company may reinvest the operating profits of each of its international subsidiaries in its local markets in an effort to improve market share and continue expansion efforts.
(in Thousands) |  |  | Year Ended December 31, |  |  |  |  |
|  | 2023 |  |  | 2022 |
Net revenues |  |  |  |  |  |  |  |
Americas |  | $ | 203,705 |  |  | $ | 198,581 |
Asia - Pacific |  |  | 24,480 |  |  |  | 26,009 |
EMEA |  |  | 34,562 |  |  |  | 36,678 |
Total Net revenues |  | $ | 262,747 |  |  | $ | 261,268 |
Operating Income (loss) |  |  |  |  |  |  |  |
Americas |  | $ | 7,240 |  |  | $ | 4,103 |
Asia - Pacific |  |  | (599 | ) |  |  | (1,621 | )
EMEA |  |  | 2,757 |  |  |  | 2,904 |
Total Operating Income (loss) |  | $ | 9,398 |  |  | $ | 5,386 |
Interest expense |  |  |  |  |  |  |  |
Americas |  | $ | 1,388 |  |  | $ | 675 |
Asia - Pacific |  |  | 122 |  |  |  | 39 |
EMEA |  |  | 409 |  |  |  | 251 |
Total Interest expense |  | $ | 1,919 |  |  | $ | 965 |
Other expense (income), net |  |  |  |  |  |  |  |
Americas |  | $ | 1,070 |  |  | $ | (38 | )
Asia - Pacific |  |  | (759 | ) |  |  | (62 | )
EMEA |  |  | 35 |  |  |  | (382 | )
Total Other expense (income), net |  | $ | 346 |  |  | $ | (482 | )
Income before income tax expense |  |  |  |  |  |  |  |
Americas |  | $ | 4,304 |  |  | $ | 3,466 |
Asia - Pacific |  |  | 236 |  |  |  | (1,598 | )
EMEA |  |  | 2,593 |  |  |  | 3,035 |
Total Income before income tax expense |  | $ | 7,133 |  |  | $ | 4,903 |
Income tax expense |  |  |  |  |  |  |  |
Americas |  | $ | 1,543 |  |  | $ | 1,949 |
Asia - Pacific |  |  | 62 |  |  |  | (18 | )
EMEA |  |  | 752 |  |  |  | 846 |
Total Income tax expense |  | $ | 2,357 |  |  | $ | 2,777 |
Net income |  |  |  |  |  |  |  |
Americas |  | $ | 3,236 |  |  | $ | 1,517 |
Asia - Pacific |  |  | (24 | ) |  |  | (1,580 | )
EMEA |  |  | 1,564 |  |  |  | 2,189 |
Total Net income |  | $ | 4,776 |  |  | $ | 2,126 |
Net income (loss) attributable to non-controlling interest |  |  |  |  |  |  |  |
Americas |  | $ | (492 | ) |  | $ | 1,857 |
Asia - Pacific |  |  | 33 |  |  |  | (650 | )
EMEA |  |  | 1,333 |  |  |  | 1,651 |
Total Net income (loss) attributable to non-controlling interest |  | $ | 874 |  |  | $ | 2,858 |
Net Income (loss) attributable to SPAR Group, Inc. |  |  |  |  |  |  |  |
Americas |  | $ | 3,729 |  |  | $ | (340 | )
Asia - Pacific |  |  | (57 | ) |  |  | (930 | )
EMEA |  |  | 230 |  |  |  | 538 |
Total Net Income (loss) attributable to SPAR Group, Inc. |  | $ | 3,902 |  |  | $ | (732 | )
Depreciation and amortization: |  |  |  |  |  |  |  |
Americas |  | $ | 1,737 |  |  | $ | 1,821 |
Asia - Pacific |  |  | 94 |  |  |  | 104 |
EMEA |  |  | 170 |  |  |  | 108 |
Total Depreciation and amortization: |  | $ | 2,001 |  |  | $ | 2,033 |
Impairment of goodwill |  |  |  |  |  |  |  |
Americas |  | $ | - |  |  | $ | 2,458 |
Asia - Pacific |  |  | - |  |  |  | - |
EMEA |  |  | - |  |  |  | - |
Total Impairment of goodwill |  | $ | - |  |  | $ | 2,458 |
Capital expenditures: |  |  |  |  |  |  |  |
Americas |  | $ | 1,077 |  |  | $ | 1,805 |
Asia - Pacific |  |  | 71 |  |  |  | 20 |
EMEA |  |  | 101 |  |  |  | 100 |
Total Capital expenditures: |  | $ | 1,249 |  |  | $ | 1,925 |
There were no inter-segment sales for 2023 or 2022.
|  | December 31, |
|  | 2023 |  |  | 2022 |
Assets: |  |  |  |  |  |  |  |
Americas |  | $ | 71,372 |  |  | $ | 75,440 |
Asia - Pacific |  |  | 13,361 |  |  |  | 5,952 |
EMEA |  |  | 5,548 |  |  |  | 13,206 |
Total assets |  | $ | 90,281 |  |  | $ | 94,598 |
Geographic Data (in thousands)
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Net international revenue: |  |  |  |  |  | % of consolidated net revenue |  |  |  |  |  |  | % of consolidated net revenue |
United States |  | $ | 104,647 |  |  |  | 39.8 | % |  | $ | 112,327 |  |  |  | 43.0 | %
Brazil |  |  | 74,873 |  |  |  | 28.5 |  |  |  | 68,301 |  |  |  | 26.1 | %
South Africa |  |  | 34,562 |  |  |  | 13.2 |  |  |  | 36,678 |  |  |  | 14.0 |
Mexico |  |  | 11,691 |  |  |  | 4.4 |  |  |  | 9,706 |  |  |  | 3.7 |
China |  |  | 10,167 |  |  |  | 3.9 |  |  |  | 10,931 |  |  |  | 4.2 |
Japan |  |  | 6,256 |  |  |  | 2.4 |  |  |  | 7,133 |  |  |  | 2.7 |
India |  |  | 6,148 |  |  |  | 2.3 |  |  |  | 6,276 |  |  |  | 2.4 |
Canada |  |  | 12,494 |  |  |  | 4.8 |  |  |  | 8,247 |  |  |  | 3.2 |
Australia |  |  | 1,909 |  |  |  | 0.7 |  |  |  | 1,669 |  |  |  | 0.6 |
Total net international revenue |  | $ | 262,747 |  |  |  | 100.0 | % |  | $ | 261,268 |  |  |  | 100.0 | %
(in thousands) |  |  | Year Ended December 31, |  |  |  |  |
|  | 2023 |  |  | 2022 |
Long lived assets: |  |  |  |  |  |  |  |
Americas |  | $ | 4,585 |  |  | $ | 4,605 |
Asia - Pacific |  |  | 1,015 |  |  |  | 1,244 |
EMEA |  |  | 745 |  |  |  | 315 |
Total long lived assets |  | $ | 6,345 |  |  | $ | 6,164 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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