XML 68 R46.htm IDEA: XBRL DOCUMENT v3.24.1
Note 4 - Segment Information - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenues:                    
Net sales $ 446 $ 438 $ 403 $ 441 $ 524 $ 344 $ 370 $ 417 $ 1,728 $ 1,655
Net investment income 549 544 275 198 352 54 10 (3) 1,566 413
Net gains (losses) 0 [1] (4) [1] 43 [1] 345 [1] (298) [1] (2,121) [1] (2,373) [1] 45 [1] 384 (4,747)
Total revenues 995 978 721 984 578 (1,723) (1,993) 459 3,678 (2,679)
Expenses:                    
Manufacturing cost of sales 201 195 208 192 165 203 227 242 796 837
Engineering, selling and administrative 465 584 645 542 576 669 623 1,022 2,236 2,890
Total expenses 666 779 853 734 741 872 850 1,264 3,032 3,727
Income (loss) from continuing operations before income taxes                 646 (6,406)
Income tax expense (benefit) 169 69 (2) 65 (164) (611) (588) (166) 301 (1,529)
Income (loss) from continuing operations 160 130 (130) 185 1 [2] (1,984) [2] (2,255) [2] (639) [2] 345 (4,877)
(Loss) income from discontinued operations, net of tax 0 0 0 (28) 132 488 457 808 (28) 1,885
Net loss attributable to LGL Group or non-controlling interests 160 130 (130) 157 133 (1,496) (1,798) 169 317 (2,992)
Less: Net income attributable to non-controlling interests 26 22 0 0 0 0 0 0 48 0
Net income (loss) attributable to LGL Group common stockholders $ 134 $ 108 $ (130) $ 157 $ 133 $ (1,496) $ (1,798) $ 169 269 (2,992)
Operating Segments [Member] | Electronic Instruments [Member]                    
Revenues:                    
Net sales                 1,728 1,655
Net investment income                 0 0
Net gains (losses)                 0 0
Total revenues                 1,728 1,655
Expenses:                    
Manufacturing cost of sales                 796 837
Engineering, selling and administrative                 780 715
Total expenses                 1,576 1,552
Income (loss) from continuing operations before income taxes                 152 103
Income tax expense (benefit)                 0 0
Income (loss) from continuing operations                 152 103
(Loss) income from discontinued operations, net of tax                 0 0
Net loss attributable to LGL Group or non-controlling interests                 152 103
Less: Net income attributable to non-controlling interests                 0 0
Net income (loss) attributable to LGL Group common stockholders                 152 103
Operating Segments [Member] | Merchant Investment [Member]                    
Revenues:                    
Net sales                 0 0
Net investment income                 869 0
Net gains (losses)                 0 0
Total revenues                 869 0
Expenses:                    
Manufacturing cost of sales                 0 0
Engineering, selling and administrative                 216 0
Total expenses                 216 0
Income (loss) from continuing operations before income taxes                 653 0
Income tax expense (benefit)                 0 0
Income (loss) from continuing operations                 653 0
(Loss) income from discontinued operations, net of tax                 0 0
Net loss attributable to LGL Group or non-controlling interests                 653 0
Less: Net income attributable to non-controlling interests                 48 0
Net income (loss) attributable to LGL Group common stockholders                 605 0
Corporate, Non-Segment [Member]                    
Revenues:                    
Net sales                 0 0
Net investment income                 697 413
Net gains (losses)                 384 (4,747)
Total revenues                 1,081 (4,334)
Expenses:                    
Manufacturing cost of sales                 0 0
Engineering, selling and administrative                 1,240 2,175
Total expenses                 1,240 2,175
Income (loss) from continuing operations before income taxes                 (159) (6,509)
Income tax expense (benefit)                 301 (1,529)
Income (loss) from continuing operations                 (460) (4,980)
(Loss) income from discontinued operations, net of tax                 (28) 1,885
Net loss attributable to LGL Group or non-controlling interests                 (488) (3,095)
Less: Net income attributable to non-controlling interests                 0 0
Net income (loss) attributable to LGL Group common stockholders                 $ (488) $ (3,095)
[1] During Q1 and Q2 2023, the net gains primarily relate to the sale of our investments in mutual funds managed by GAMCO Investors, Inc.
[2] Basic and diluted earnings per share are calculated using actual, unrounded amounts. Therefore, (i) the components of earnings per share may not sum to its corresponding total or (ii) the quarterly earnings per share may not sum to the earnings per share on the Consolidated Statements of Operations.