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Note 9 - Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 54,041 |  |  | $ | 52,083 |  |  | $ | 108,696 |  |  | $ | 100,661 |
APAC |  |  | 3,249 |  |  |  | 5,658 |  |  |  | 9,011 |  |  |  | 11,758 |
EMEA |  |  | - |  |  |  | 8,195 |  |  |  | 8,277 |  |  |  | 17,897 |
Total net revenues |  | $ | 57,290 |  |  | $ | 65,936 |  |  | $ | 125,984 |  |  | $ | 130,316 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 6,071 |  |  | $ | 2,038 |  |  | $ | 15,573 |  |  | $ | 4,553 |
APAC |  |  | (178 | ) |  |  | (97 | ) |  |  | (407 | ) |  |  | (289 | )
EMEA |  |  | - |  |  |  | 56 |  |  |  | 299 |  |  |  | 883 |
Total operating income |  | $ | 5,893 |  |  | $ | 1,997 |  |  | $ | 15,465 |  |  | $ | 5,147 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 570 |  |  | $ | 357 |  |  | $ | 996 |  |  | $ | 631 |
APAC |  |  | 11 |  |  |  | 17 |  |  |  | 24 |  |  |  | 16 |
EMEA |  |  | (14 | ) |  |  | 104 |  |  |  | 77 |  |  |  | 221 |
Total interest expense |  | $ | 567 |  |  | $ | 478 |  |  | $ | 1,097 |  |  | $ | 868 |
Other income, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | (281 | ) |  | $ | (12 | ) |  | $ | (295 | ) |  | $ | 17 |
APAC |  |  | (15 | ) |  |  | (4 | ) |  | $ | 17 |  |  |  | (10 | )
EMEA |  |  | - |  |  |  | (109 | ) |  |  | (10 | ) |  |  | (190 | )
Total other income, net |  | $ | (296 | ) |  | $ | (125 | ) |  | $ | (288 | ) |  | $ | (183 | )
Income before income tax expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 4,167 |  |  | $ | 1,693 |  |  | $ | 13,829 |  |  | $ | 3,905 |
APAC |  |  | 1,455 |  |  |  | (110 | ) |  |  | 1,950 |  |  |  | (295 | )
EMEA |  |  | - |  |  |  | 61 |  |  |  | (1,123 | ) |  |  | 852 |
Total income before income tax expense |  | $ | 5,622 |  |  | $ | 1,644 |  |  | $ | 14,656 |  |  | $ | 4,462 |
Income tax expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 1,187 |  |  | $ | 456 |  |  | $ | 2,857 |  |  | $ | 1,223 |
APAC |  |  | 39 |  |  |  | (53 | ) |  |  | 67 |  |  |  | (35 | )
EMEA |  |  | 321 |  |  |  | 135 |  |  |  | 477 |  |  |  | 391 |
Total income tax expense |  | $ | 1,547 |  |  | $ | 538 |  |  | $ | 3,401 |  |  | $ | 1,579 |
|  |  | Three Months Ended |  |  |  | Six Months Ended |
|  |  | June 30, |  |  |  | June 30, |
|  |  | 2024 |  |  |  | 2023 |  |  |  | 2024 |  |  |  | 2023 |
Net income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 2,980 |  |  | $ | 1,237 |  |  | $ | 10,972 |  |  | $ | 2,682 |
APAC |  |  | 1,416 |  |  |  | (57 | ) |  |  | 1,882 |  |  |  | (260 | )
EMEA |  |  | (321 | ) |  |  | (74 | ) |  |  | (1,599 | ) |  |  | 461 |
Total net income |  | $ | 4,075 |  |  | $ | 1,106 |  |  | $ | 11,255 |  |  | $ | 2,883 |
Net income (loss) attributable to non-controlling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | (475 | ) |  | $ | (394 | ) |  | $ | (757 | ) |  | $ | (879 | )
APAC |  | $ | 27 |  |  |  | (12 | ) |  |  | 45 |  |  |  | (16 | )
EMEA |  | $ | - |  |  |  | (61 | ) |  |  | (290 | ) |  |  | (483 | )
Total net income attributable to non-controlling interest |  | $ | (448 | ) |  | $ | (467 | ) |  | $ | (1,002 | ) |  | $ | (1,378 | )
Net income attributable to SPAR Group, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 2,505 |  |  | $ | 843 |  |  | $ | 10,215 |  |  | $ | 1,803 |
APAC |  |  | 1,443 |  |  |  | (69 | ) |  |  | 1,927 |  |  |  | (276 | )
EMEA |  |  | (321 | ) |  |  | (135 | ) |  |  | (1,889 | ) |  |  | (22 | )
Total net income attributable to SPAR Group, Inc. |  | $ | 3,627 |  |  | $ | 639 |  |  | $ | 10,253 |  |  | $ | 1,505 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 453 |  |  | $ | 466 |  |  | $ | 894 |  |  | $ | 930 |
APAC |  |  | 25 |  |  |  | 12 |  |  |  | 57 |  |  |  | 24 |
EMEA |  |  | - |  |  |  | 16 |  |  |  | 38 |  |  |  | 72 |
Total depreciation and amortization |  | $ | 478 |  |  | $ | 494 |  |  | $ | 989 |  |  | $ | 1,026 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 360 |  |  | $ | 371 |  |  | $ | 776 |  |  | $ | 660 |
APAC |  |  | – |  |  |  | 3 |  |  |  | – |  |  |  | 6 |
EMEA |  |  | – |  |  |  | 2 |  |  |  | 5 |  |  |  | 51 |
Total capital expenditures |  | $ | 360 |  |  | $ | 376 |  |  | $ | 781 |  |  | $ | 717 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
|  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Assets: |  |  |  |  |  |  |  |
Americas |  | $ | 65,263 |  |  | $ | 71,372 |
APAC |  |  | 4,762 |  |  |  | 13,361 |
EMEA |  |  | – |  |  |  | 5,548 |
Total assets |  | $ | 70,025 |  |  | $ | 90,281 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] |
|  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Long lived assets: |  |  |  |  |  |  |  |
Americas |  | $ | 4,407 |  |  | $ | 4,585 |
APAC |  |  | 16 |  |  |  | 1,015 |
EMEA |  |  | – |  |  |  | 745 |
Total long lived assets |  | $ | 4,423 |  |  | $ | 6,345 |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  |  |  |  |  | % of |  |  |  |  |  |  | % of |  |  |  |  |  |  | % of |  |  |  |  |  |  | % of |
|  |  |  |  |  | consolidated |  |  |  |  |  |  | consolidated |  |  |  |  |  |  | consolidated |  |  |  |  |  |  | consolidated |
|  |  |  |  |  | net revenue |  |  |  |  |  |  | net revenue |  |  |  |  |  |  | net revenue |  |  |  |  |  |  | net revenue |
United States |  | $ | 32,993 |  |  |  | 57.7 | % |  | $ | 26,088 |  |  |  | 39.6 | % |  | $ | 61,816 |  |  |  | 49.1 | % |  | $ | 52,281 |  |  |  | 40.1 | %
Brazil |  |  | 13,888 |  |  |  | 24.2 | % |  |  | 20,016 |  |  |  | 30.4 | % |  |  | 33,185 |  |  |  | 26.3 | % |  |  | 38,098 |  |  |  | 29.2 | %
South Africa |  |  | - |  |  |  | 0.0 | % |  |  | 8,195 |  |  |  | 12.4 | % |  |  | 8,277 |  |  |  | 6.6 | % |  |  | 17,897 |  |  |  | 13.7 | %
Mexico |  |  | 3,260 |  |  |  | 5.7 | % |  |  | 2,559 |  |  |  | 3.9 | % |  |  | 6,527 |  |  |  | 5.2 | % |  |  | 5,032 |  |  |  | 3.9 | %
China |  |  | - |  |  |  | 0.0 | % |  |  | 2,225 |  |  |  | 3.4 | % |  |  | 2,698 |  |  |  | 2.1 | % |  |  | 4,901 |  |  |  | 3.8 | %
Japan |  |  | 1,452 |  |  |  | 2.5 | % |  |  | 1,491 |  |  |  | 2.3 | % |  |  | 2,870 |  |  |  | 2.3 | % |  |  | 3,044 |  |  |  | 2.3 | %
Canada |  |  | 3,900 |  |  |  | 6.8 | % |  |  | 3,420 |  |  |  | 5.2 | % |  |  | 7,169 |  |  |  | 5.7 | % |  |  | 5,250 |  |  |  | 4.0 | %
India |  |  | 1,797 |  |  |  | 3.1 | % |  |  | 1,437 |  |  |  | 2.2 | % |  |  | 3,442 |  |  |  | 2.7 | % |  |  | 2,843 |  |  |  | 2.2 | %
Australia |  |  | - |  |  |  | 0.0 | % |  |  | 505 |  |  |  | 0.8 | % |  |  | - |  |  |  | 0.0 | % |  |  | 970 |  |  |  | 0.7 | %
Total net revenue |  | $ | 57,290 |  |  |  | 100.0 | % |  | $ | 65,936 |  |  |  | 100.0 | % |  | $ | 125,984 |  |  |  | 100.0 | % |  | $ | 130,316 |  |  |  | 100.0 | %

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