XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.19.1

Note 16 - Business Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2018
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 16. Business Segment Information In determining the segment information, Avalon considered its operating and management structure and the types of information subject to regular review by its “chief operating decision maker.” Using the criteria of FASB ASC 280 Segment Reporting , Avalon’s reportable segments include waste management services and golf and related operations. Avalon accounts for intersegment net operating revenues as if the transactions were to third parties. The segment disclosures are presented on this basis for all years presented. Avalon’s primary business segment, the waste management services segment, provides hazardous and nonhazardous brokerage and management services to industrial, commercial, municipal and governmental customers, captive landfill management for an industrial customer and salt water injection well operations. Avalon’s golf and related operations segment consists of three golf courses and associated clubhouses which provide dining and banquet facilities, a hotel which provides lodging, dining, banquet and conference facilities, a multipurpose recreation center and a travel agency. Revenue for the golf and related operations segment consists primarily of membership dues, greens fees, cart rentals, room rentals, merchandise sales, tennis and fitness activities, salon and spa services and food and beverage sales. Avalon does not have significant operations located outside the United States and, accordingly, geographical segment information is not presented. In 2018, no customer individually accounted for 10% or more of Avalon’s business segment or consolidated net operating revenues. In 2017, one customer accounted for 12% of the waste management services segment’s net operating revenues to external customers and 9% of the consolidated net operating revenues. The accounting policies of the segments are consistent with those described for the consolidated financial statements in the summary of significant accounting policies (See Note 2 ). Avalon measures segment profit for internal reporting purposes as income (loss) before taxes. Business segment information including the reconciliation of segment income (loss) to consolidated loss before taxes is as follows (in thousands):
|  | 2018 |  |  | 2017 |
Net operating revenues from: |  |  |  |  |  |  |  |
Waste management services: |  |  |  |  |  |  |  |
External customer revenues |  | $ | 44,535 |  |  | $ | 38,398 |
Intersegment revenues |  |  | - |  |  |  | - |
Total waste management services |  |  | 44,535 |  |  |  | 38,398 |
Golf and related operations: |  |  |  |  |  |  |  |
External customer revenues |  |  | 17,699 |  |  |  | 17,450 |
Intersegment revenues |  |  | 60 |  |  |  | 67 |
Total golf and related operations |  |  | 17,759 |  |  |  | 17,517 |
Segment operating revenues |  |  | 62,294 |  |  |  | 55,915 |
Intersegment eliminations |  |  | (60 | ) |  |  | (67 | )
Total net operating revenues |  | $ | 62,234 |  |  | $ | 55,848 |
|  | 2018 |  |  | 2017 |
Income (loss) before income taxes: |  |  |  |  |  |  |  |
Waste management services |  | $ | 661 |  |  | $ | 2,671 |
Golf and related operations |  |  | (4 | ) |  |  | 294 |
Segment income (loss) before taxes |  |  | 657 |  |  |  | 2,965 |
Corporate interest expense |  |  | (626 | ) |  |  | (650 | )
Corporate other income (expense), net |  |  | 19 |  |  |  | (7 | )
General corporate expenses |  |  | (3,139 | ) |  |  | (3,002 | )
Loss before income taxes |  | $ | (3,089 | ) |  | $ | (694 | )
Depreciation and amortization expense: |  |  |  |  |  |  |  |
Waste management services |  | $ | 541 |  |  | $ | 631 |
Golf and related operations |  |  | 2,200 |  |  |  | 2,204 |
Corporate |  |  | 136 |  |  |  | 161 |
Total depreciation and amortization expense |  | $ | 2,877 |  |  | $ | 2,996 |
Interest expense: |  |  |  |  |  |  |  |
Waste management services |  | $ | 4 |  |  | $ | 1 |
Golf and related operations |  |  | 45 |  |  |  | 48 |
Corporate |  |  | 626 |  |  |  | 650 |
Total interest expense |  | $ | 675 |  |  | $ | 699 |
Impairment of property and equipment |  |  |  |  |  |  |  |
Waste management services |  | $ | 3,261 |  |  | $ | - |
Golf and related operations |  |  | - |  |  |  | - |
Corporate |  |  | - |  |  |  | - |
Total interest expense |  | $ | 3,261 |  |  | $ | - |
Capital expenditures: |  |  |  |  |  |  |  |
Waste management services |  | $ | 64 |  |  | $ | 115 |
Golf and related operations |  |  | 3,771 |  |  |  | 2,417 |
Corporate |  |  | 35 |  |  |  | 28 |
Total capital expenditures |  | $ | 3,870 |  |  | $ | 2,560 |
Total assets: |  |  |  |  |  |  |  |
Waste management services |  | $ | 27,383 |  |  | $ | 26,449 |
Golf and related operations |  |  | 48,074 |  |  |  | 45,188 |
Corporate |  |  | 47,394 |  |  |  | 49,549 |
Subtotal |  |  | 122,851 |  |  |  | 121,186 |
Elimination of intersegment receivables |  |  | (58,082 | ) |  |  | (55,808 | )
Total assets |  | $ | 64,769 |  |  | $ | 65,378 |
In comparing the total assets at December 31, 2018 with those at December 31, 2017, the increase in total assets of the waste management services segment of $0.9 million is a result of an increase in accounts receivable and intersegment transactions, which are eliminated in consolidation, offset by the lower net book value of property and equipment as a result of current year depreciation and the impairment charge of approximately $3.3 million recorded on the salt water injection wells. The increase in total assets of the golf and related operations segment of $2.9 million is primarily due to the acquisition of the Boardman Tennis Center facility and capital expenditures related to the expansion of The Avalon Inn, partially offset by current year depreciation on property and equipment. The decrease in corporate total assets of $2.2 million is primarily due to a decrease in restricted cash that was released from restriction and subsequently utilized to fund the acquisition of the Boardman Tennis Center facility and, to a lesser extent, a decrease in intersegment transactions, which are eliminated in consolidation, partially offset by an increase in operating cash and cash equivalents.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration