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Note 14 - Business Segment Information | 6 Months Ended
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Jun. 30, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 14. 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 periods 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 four golf courses and associated clubhouses which provide dining and banquet facilities, a hotel which provides lodging and resort related amenities including 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. For the six months ended June 30, 2021, one customer accounted for 11% of the waste management services segment’s net operating revenues to external customers and 7% of the consolidated net operating revenues. For the six months ended June 30, 2020, no one customer accounted for 10% of Avalon’s consolidated or reportable segment 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 included in Avalon’s 2020 Annual Report to Shareholders. Avalon measures segment profit for internal reporting purposes as income (loss) before income taxes. Business segment information including the reconciliation of segment income before taxes to income (loss) before taxes is as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net operating revenues from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Waste management services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customer revenues |  | $ | 8,685 |  |  | $ | 9,088 |  |  | $ | 19,835 |  |  | $ | 20,221 |
Intersegment revenues |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total waste management services |  |  | 8,685 |  |  |  | 9,088 |  |  |  | 19,835 |  |  |  | 20,221 |
Golf and related operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customer revenues |  |  | 7,705 |  |  |  | 3,979 |  |  |  | 11,668 |  |  |  | 7,249 |
Intersegment revenues |  |  | 9 |  |  |  | 2 |  |  |  | 17 |  |  |  | 30 |
Total golf and related operations |  |  | 7,714 |  |  |  | 3,981 |  |  |  | 11,685 |  |  |  | 7,279 |
Segment operating revenues |  |  | 16,399 |  |  |  | 13,069 |  |  |  | 31,520 |  |  |  | 27,500 |
Intersegment eliminations |  |  | (9 | ) |  |  | (2 | ) |  |  | (17 | ) |  |  | (30 | )
Total net operating revenues |  | $ | 16,390 |  |  | $ | 13,067 |  |  | $ | 31,503 |  |  | $ | 27,470 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Waste management services |  | $ | 676 |  |  | $ | 807 |  |  | $ | 1,819 |  |  | $ | 1,855 |
Golf and related operations |  |  | 1,626 |  |  |  | (186 | ) |  |  | 1,826 |  |  |  | (917 | )
Segment income before income taxes |  |  | 2,302 |  |  |  | 621 |  |  |  | 3,645 |  |  |  | 938 |
Corporate interest expense |  |  | (280 | ) |  |  | (293 | ) |  |  | (563 | ) |  |  | (590 | )
Corporate gain on debt extinguishment |  |  | - |  |  |  | - |  |  |  | 502 |  |  |  | - |
Corporate other income, net |  |  | 7 |  |  |  | 11 |  |  |  | 8 |  |  |  | 13 |
General corporate expenses |  |  | (1,290 | ) |  |  | (762 | ) |  |  | (2,122 | ) |  |  | (1,570 | )
Income (loss) before income taxes |  | $ | 739 |  |  | $ | (423 | ) |  | $ | 1,470 |  |  | $ | (1,209 | )
Gain on debt extinguishment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Waste management services |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Golf and related operations |  |  | 877 |  |  |  | - |  |  |  | 1,462 |  |  |  | - |
Corporate |  |  | - |  |  |  | - |  |  |  | 502 |  |  |  | - |
Total gain on debt extinguishment |  | $ | 877 |  |  | $ | - |  |  | $ | 1,964 |  |  | $ | - |
|  | June 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Identifiable assets: |  |  |  |  |  |  |  |
Waste management services |  | $ | 31,862 |  |  | $ | 31,875 |
Golf and related operations |  |  | 59,768 |  |  |  | 57,863 |
Corporate |  |  | 58,423 |  |  |  | 59,425 |
Subtotal |  |  | 150,053 |  |  |  | 149,163 |
Elimination of intersegment receivables |  |  | (71,333 | ) |  |  | (71,213 | )
Total |  | $ | 78,720 |  |  | $ | 77,950 |
Total assets of the waste management services segment were approximately $31.9 million at both June 30, 2021 and December 31, 2020. The decrease in waste management services accounts receivable were offset by an increase in intersegment transactions, which are eliminated in consolidation. The increase in total assets of the golf and related operations segment of $1.9 million was primarily due to an increase in accounts receivable and capital expenditures related to The Grand Resort and Avalon Field Club at New Castle partially offset by current year depreciation on property and equipment. The decrease in corporate total assets of approximately $1.0 million is primarily due to a decrease in restricted cash utilized for the expansion of The Grand Resort and Avalon Field Club at New Castle and intersegment transactions, which are eliminated in consolidation partially offset by an increase in operating cash and cash equivalents.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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