Segment Information

3 Months Ended

Mar. 31, 2024

Segment Reporting Information, Additional Information [Abstract]

Note 13 – Segment Information

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


	Three Months Ended March 31,
	2024			2023
Industrial Assets Division:
Auction and Liquidation	$	796		$	1,468
Refurbishment & Resale		16			1,101
Total divisional operating income		812			2,569

Financial Assets Division:
Brokerage		2,067			2,045
Specialty Lending		865			477
Total divisional operating income		2,932			2,522

Corporate operating expense & other income		(1,186	)		(1,197	)

Consolidated operating income	$	2,558		$	3,894

- 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
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-Name Accounting Standards Codification
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-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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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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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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-Topic 280
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+ Details