XML 36 R23.htm IDEA: XBRL DOCUMENT v3.6.0.2
Impairment of Assets
12 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Impairment of Assets

P. Impairment of Assets

 

The Company reviews property and equipment and intangible assets with definite lives for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of these assets is measured by comparison of its carrying amounts to future undiscounted cash flows the assets are expected to generate. If property and equipment and intangible assets with definite lives are considered to be impaired, the impairment to be recognized equals the amount by which the carrying value of the asset exceeds its fair value.

 

During the year ended September 30, 2016, we recorded an impairment of $4.3 million, of which $2.1 million was for indefinite-lived intangible assets of one club, $1.4 million was for one property held for sale, while the other $825,000 was for the impairment of our remaining investment in Drink Robust.

 

During the year ended September 30, 2015, we recorded an impairment of $1.7 million for the indefinite-lived intangible assets at two clubs that were closed.

 

At September 30, 2014, the Company recognized impairment aggregating $2.3 million on two properties, one which it closed and one which it sold in October 2014. These impairments were the result of the sale and closure and not from any goodwill impairment analysis.