v3.26.3
Segment Information - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Earnings from equity method investments $ 5 $ 89 $ (17,666) $ 212
Operating income (loss) 1,044 1,301 (18,859) 4,936
Auction and Liquidation        
Gross profit [1] 3,663 2,405 8,624 8,134
Operating expenses [2] (2,650) (1,964) (7,071) (6,053)
Earnings from equity method investments 5 32 527 31
Operating income (loss) 1,018 473 2,080 2,112
Refurbishment & Resale        
Gross profit [1] 1,480 1,430 4,310 4,173
Operating expenses [2] (1,014) (984) (3,085) (3,052)
Earnings from equity method investments 0 0 0 0
Operating income (loss) 466 446 1,225 1,121
Consumer Loan        
Gross profit [1] 2,882 3,166 8,811 10,252
Operating expenses [2] (1,543) (1,701) (4,659) (5,210)
Earnings from equity method investments 0 0 0 0
Operating income (loss) 1,339 1,465 4,152 5,042
Commercial Loans        
Gross profit [1] 1,175 0 3,603 0
Operating expenses [2] (1,435) 0 (4,333) 0
Earnings from equity method investments 0 0 0 0
Operating income (loss) (260) 0 (730) 0
Specialty Lending        
Gross profit [1] 25 299 518 1,099
Operating expenses [2] (272) (257) (4,298) (921)
Earnings from equity method investments 0 57 (18,193) 181
Operating income (loss) (247) 99 (21,973) 359
Corporate and Other        
Gross profit [1] 0 0 0 64
Operating expenses [2] (1,272) (1,182) (3,613) (3,762)
Earnings from equity method investments 0 0 0 0
Operating income (loss) (1,272) (1,182) (3,613) (3,698)
Consolidated        
Gross profit [1] 9,225 7,300 25,866 23,722
Operating expenses [2] (8,186) (6,088) (27,059) (18,998)
Earnings from equity method investments 5 89 (17,666) 212
Operating income (loss) $ 1,044 $ 1,301 $ (18,859) $ 4,936
[1] Within the Company’s Industrial Asset division, management allocates gross profit resulting from certain auctions from Auction and Liquidation (HGP) to Refurbishment & Resale (ALT). From time to time, ALT may source and refer an auction project to HGP or directly sell lab equipment inventory through the auction channel. In these instances, the profits relating to these transactions are allocated to ALT rather than accounted for under the segment profit or loss of HGP. During the three months ended September 30, 2026, the total amount of gross profit allocated to ALT from HGP was approximately $0.1 million, as compared to the total amount of gross profit allocated to ALT during the same period of 2025 of approximately $0.5 million. During the nine months ended September 30, 2026, the total amount of gross profit allocated to ALT from HGP was approximately $0.2 million, as compared to the total amount of gross profit allocated to ALT during the same period of 2025 of approximately $1.1 million.
[2] All financing arrangements are originated with Corporate and other. Management may determine from time to time that interest incurred from financing arrangements are directly attributable to a specific segment. As a result, interest incurred may be charged to the segment and included in that segment’s profit or loss as a charge to operating expense. No interest expense has been allocated to operating segments during the three or nine months ended September 30, 2026 and 2025.