Note 12 - Segment Information

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

12. Segment Information

The operations and performance metrics for each country remains unchanged; the accounting policies for each country also remains the same. Therefore, the change of segment reporting has had no impact to the existing accounting policies and are the same as those described in Note 2. Management evaluates performance as follows (in thousands):

	Year Ended December 31,
	2022			2021
Revenue, net:
Americas	$	198,581		$	186,430
Asia - Pacific		26,009			33,791
EMEA		36,678			35,498
Total revenue	$	261,268		$	255,719
Operating income (loss):
Americas	$	4,103		$	2,427
Asia - Pacific		(1,621	)		(967	)
EMEA		2,904			2,723
Total operating income	$	5,386		$	4,183
Interest expense (income), net:
Americas	$	675		$	551
Asia - Pacific		39			(9	)
EMEA		251			43
Total interest expense	$	965		$	585
Other (income) expense, net:
Americas	$	(38	)	$	74
Asia - Pacific		(62	)		(341	)
EMEA		(382	)		(243	)
Total other (income), net	$	(482	)	$	(510	)
Income (loss) before income tax expense:
Americas	$	3,466		$	1,802
Asia - Pacific		(1,598	)		(617	)
EMEA		3,035			2,923
Total income before income tax expense	$	4,903		$	4,108
Income tax expense:
Americas	$	1,949		$	865
Asia - Pacific		(18	)		498
EMEA		846			745
Total income tax expense	$	2,777		$	2,108
Net income (loss):
Americas	$	1,517		$	937
Asia - Pacific		(1,580	)		(1,115	)
EMEA		2,189			2,178
Total net income	$	2,126		$	2,000
Net income attributable to non-controlling interest:
Americas	$	(1,857	)	$	(1,604	)
Asia - Pacific		650			103
EMEA		(1,651	)		(2,278	)
Total net income attributable to non-controlling interest	$	(2,858	)	$	(3,779	)
Net (loss) income attributable to SPAR Group, Inc.:
Americas	$	(340	)	$	(667	)
Asia - Pacific		(930	)		(1,012	)
EMEA		538			(100	)
Total net (loss) attributable to SPAR Group, Inc.	$	(732	)	$	(1,779	)
Depreciation and amortization:
Americas	$	1,821		$	1,974
Asia - Pacific		104			67
EMEA		108			42
Total depreciation and amortization	$	2,033		$	2,083
Impairment of goodwill:
Americas	$	2,458		$	–
Asia - Pacific		–			–
EMEA		–			–
Total impairment of goodwill	$	2,458		$	–
Capital expenditures:
Americas	$	1,805		$	1,560
Asia - Pacific		20			25
EMEA		100			137
Total capital expenditures	$	1,925		$	1,722

There were no inter-company sales for 2022 or 2021.

	December 31,
	2022		2021
Assets:
Americas	$	75,440	$	64,960
Asia - Pacific		5,952		10,699
EMEA		13,206		13,357
Total assets	$	94,598	$	89,016

Geographic Data (in thousands)

	Year Ended December 31,
	2022					2021
Net international revenue:			% of consolidated net revenue					% of consolidated net revenue
United States	$	112,327		43.0	%	$	100,326		39.1	%
Brazil		68,301		26.1			55,219		21.6
South Africa		36,678		14.0			35,498		13.9
Mexico		9,706		3.7			22,459		8.8
China		10,931		4.2			15,769		6.2
Japan		7,133		2.7			9,704		3.8
India		6,276		2.4			7,058		2.8
Canada		8,247		3.2			8,426		3.3
Australia		1,669		0.6			1,260		0.5
Total net revenue	$	261,268		100.0	%	$	255,719		100.0	%

	Year Ended December 31,
	2022		2021
Long lived assets:
Americas	$	4,605	$	3,968
Asia - Pacific		1,244		1,798
EMEA		315		295
Total long lived assets	$	6,164	$	6,061