Segment Information

6 Months Ended

Jun. 30, 2024

Segment Reporting Information, Additional Information [Abstract]

Note 14 – Segment Information

The following table sets forth certain financial information for the Company's reportable segments (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Industrial Assets Division:
Auction and Liquidation	$	2,122		$	715		$	2,917		$	2,182
Refurbishment & Resale		3			736			19			1,837
Total divisional operating income		2,125			1,451			2,936			4,019

Financial Assets Division:
Brokerage		1,940			2,117			4,007			4,162
Specialty Lending		728			606			1,593			1,083
Total divisional operating income		2,668			2,723			5,600			5,245

Corporate operating expense		(1,249	)		(1,073	)		(2,434	)		(2,269	)

Consolidated operating income	$	3,544		$	3,101		$	6,102		$	6,995

- 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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details