Segments

12 Months Ended

Dec. 31, 2021

SEGMENTS

NOTE 14 SEGMENTS

The Company reports financial and operating information in the following two segments:

(a)

Wholesale segment

(b)

Retail segment

	Wholesale segment		Retail segment			Total
	(In thousands of U.S. Dollars)
December 31, 2021
Segment profit or loss:
Net revenue from external customers	$	184,900	$	146,078		$	330,978
Income (loss) from operations	$	7,951	$	(8,489	)	$	(538	)
Interest income	$	891	$	85		$	976
Interest expense	$	2,308	$	83		$	2,391
Depreciation and amortization	$	983	$	5,673		$	6,656
Income (loss) before income tax expense	$	9,063	$	(6,210	)	$	2,853
Income tax expense	$	2,675	$	270		$	2,945
Segment assets:
Additions to property, plant and equipment	$	3,000	$	7,123		$	10,123
Inventory	$	17,552	$	46,289		$	63,841
Total assets	$	193,950	$	155,355		$	349,305

December 31, 2020
Segment profit or loss:
Net revenue from external customers	$	117,209	$	150,145		$	267,354
Income (loss) from operations	$	6,765	$	(2,622	)	$	4,143
Interest income	$	919	$	95		$	1,014
Interest expense	$	2,070	$	275		$	2,345
Depreciation and amortization	$	1,000	$	4,291		$	5,291
Income (loss) before income tax expense	$	8,122	$	(2,380	)	$	5,742
Income tax expense	$	2,087	$	382		$	2,469
Segment assets:
Additions to property, plant and equipment	$	4,700	$	1,654		$	6,354
Inventory	$	11,696	$	42,197		$	53,893
Total assets	$	158,857	$	172,869		$	331,726

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

Ever-Glory International Group, Inc. 10-K