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Segment Information (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting Information, Additional Information [Abstract]  
Schedule of Financial Information for the Company's Reportable Segments

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 


 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Industrial Assets Division:

 

 

 

 

 

 

 

 

 

 

 

 

Auction and Liquidation

 

$

1,099

 

 

$

2,393

 

 

$

3,282

 

 

$

6,241

 

Refurbishment & Resale

 

 

1,001

 

 

 

665

 

 

 

2,838

 

 

 

1,006

 

Total divisional operating income

 

 

2,100

 

 

 

3,058

 

 

 

6,120

 

 

 

7,247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Assets Division:

 

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

2,055

 

 

 

1,246

 

 

 

6,217

 

 

 

2,582

 

Specialty Lending

 

 

(206

)

 

 

320

 

 

 

1,093

 

 

 

898

 

Total divisional operating income

 

 

1,849

 

 

 

1,566

 

 

 

7,310

 

 

 

3,480

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate operating expense & other income

 

 

(1,180

)

 

 

(1,150

)

 

 

(3,666

)

 

 

(2,754

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated operating income

 

$

2,769

 

 

$

3,474

 

 

$

9,764

 

 

$

7,973