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Note 16 - Business Segment Information | 12 Months Ended
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Dec. 31, 2021
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 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 operations located outside the United States and, accordingly, geographical segment information is not presented. In 2021, one customer accounted for 13% of the waste management services segment’s net operating revenues to external customers and 8% of the consolidated net operating revenues. In 2020, no customer individually accounted for 10% or more of Avalon’s business segment or 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 income before income taxes is as follows (in thousands):
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Net operating revenues from: |  |  |  |  |  |  |  |
Waste management services: |  |  |  |  |  |  |  |
External customer revenues |  | $ | 42,710 |  |  | $ | 40,371 |
Intersegment revenues |  |  | - |  |  |  | - |
Total waste management services |  |  | 42,710 |  |  |  | 40,371 |
Golf and related operations: |  |  |  |  |  |  |  |
External customer revenues |  |  | 27,673 |  |  |  | 18,349 |
Intersegment revenues |  |  | 47 |  |  |  | 41 |
Total golf and related operations |  |  | 27,720 |  |  |  | 18,390 |
Segment operating revenues |  |  | 70,430 |  |  |  | 58,761 |
Intersegment eliminations |  |  | (47 | ) |  |  | (41 | )
Total net operating revenues |  | $ | 70,383 |  |  | $ | 58,720 |
Income (loss) before income taxes: |  |  |  |  |  |  |  |
Waste management services |  | $ | 3,505 |  |  | $ | 4,588 |
Golf and related operations |  |  | 2,775 |  |  |  | (190 | )
Segment income before taxes |  |  | 6,280 |  |  |  | 4,398 |
Corporate interest expense |  |  | (1,117 | ) |  |  | (1,170 | )
Corporate gain on debt extinguishment |  |  | 502 |  |  |  | - |
Corporate other income, net |  |  | 15 |  |  |  | 16 |
General corporate expenses |  |  | (3,944 | ) |  |  | (3,192 | )
Income before income taxes |  | $ | 1,736 |  |  | $ | 52 |
Depreciation and amortization expense: |  |  |  |  |  |  |  |
Waste management services |  | $ | 104 |  |  | $ | 89 |
Golf and related operations |  |  | 2,838 |  |  |  | 2,671 |
Corporate |  |  | 170 |  |  |  | 149 |
Total depreciation and amortization expense |  | $ | 3,112 |  |  | $ | 2,909 |
Interest expense: |  |  |  |  |  |  |  |
Waste management services |  | $ | 3 |  |  | $ | 6 |
Golf and related operations |  |  | 38 |  |  |  | 34 |
Corporate |  |  | 1,117 |  |  |  | 1,170 |
Total interest expense |  | $ | 1,158 |  |  | $ | 1,210 |
Gain on debt extinguishment: |  |  |  |  |  |  |  |
Waste management services |  | $ | - |  |  | $ | 553 |
Golf and related operations |  |  | 1,462 |  |  |  | 248 |
Corporate |  |  | 502 |  |  |  | - |
Total gain on debt extinguishment |  | $ | 1,964 |  |  | $ | 801 |
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Capital expenditures: |  |  |  |  |  |  |  |
Waste management services |  | $ | 165 |  |  | $ | 99 |
Golf and related operations |  |  | 4,058 |  |  |  | 4,870 |
Corporate |  |  | 576 |  |  |  | 118 |
Total capital expenditures |  | $ | 4,799 |  |  | $ | 5,087 |
|  | December 31, |
|  | 2021 |  |  | 2020 |
Total assets: |  |  |  |  |  |  |  |
Waste management services |  | $ | 34,203 |  |  | $ | 31,875 |
Golf and related operations |  |  | 59,700 |  |  |  | 57,863 |
Corporate |  |  | 55,027 |  |  |  | 59,425 |
Subtotal |  |  | 148,930 |  |  |  | 149,163 |
Elimination of intersegment receivables |  |  | (70,893 | ) |  |  | (71,213 | )
Total assets |  | $ | 78,037 |  |  | $ | 77,950 |
In comparing total assets at December 31, 2021 with those at December 31, 2020, the increase in the total assets of the waste management services segment of approximately $2.3 million was primarily a result of an increase in accounts receivable and intersegment transactions, which are eliminated in consolidation. The increase in total assets of the golf and related operations segment of $1.8 million was primarily due to capital expenditures associated with The Grand Resort and Avalon Field Club at New Castle and, to a lesser extent, an increase in prepaid expenses, partially offset by current year depreciation on property and equipment. The decrease in corporate total assets of approximately $4.4 million was primarily due to a decrease in operating and restricted cash utilized for the renovation of The Grand Resort and Avalon Field Club at New Castle, and a decrease in intersegment transactions, which are eliminated in consolidation.

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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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