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Segment Information

9 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Information

9. Segment Information

The Company owns and operates adult nightclubs and Bombshells Restaurants and Bars. The Company has identified such reportable segments based on management responsibility and the nature of the Company’s products, services and costs. There are no major distinctions in geographical areas served as all operations are in the United States. The Company measures segment profit (loss) as income (loss) from operations. Segment assets are those assets controlled by each reportable segment. The Other category below includes our media divisions and rental income that are not significant to the consolidated financial statements.

Below is the financial information related to the Company’s segments (in thousands):

		For the Three Months								For the Nine Months
		Ended June 30,								Ended June 30,
		2018				2017				2018				2017
Revenues
Nightclubs		$	35,253			$	32,575			$	105,914			$	91,824
Bombshells			7,120				4,611				18,550				13,281
Other			261				243				608				581
		$	42,634			$	37,429			$	125,072			$	105,686
Income (loss) from operations
Nightclubs		$	12,584			$	10,579			$	37,835			$	30,293
Bombshells			1,391				692				3,247				2,131
Other			(328	)			(130	)			(547	)			(693	)
General corporate			(4,155	)			(3,258	)			(13,672	)			(10,028	)
		$	9,492			$	7,883			$	26,863			$	21,703
Depreciation and amortization
Nightclubs		$	1,381			$	1,344			$	4,050			$	3,811
Bombshells			322				202				999				643
Other			103				5				76				14
General corporate			192				159				681				468
		$	1,998			$	1,710			$	5,806			$	4,936
Capital expenditures
Nightclubs		$	253			$	1,199			$	1,550			$	2,539
Bombshells			9,125				1,164				16,625				3,882
Other			29				-				33				11
General corporate			409				1,005				619				2,616
		$	9,816			$	3,368			$	18,827			$	9,048

		June 30, 2018				September 30, 2017
Total assets
Nightclubs		$	258,885			$	254,432
Bombshells			32,893				18,870
Other			2,316				780
General corporate			26,169				25,802
		$	320,263			$	299,884

General corporate expenses include corporate salaries, health insurance and social security taxes for officers, legal, accounting and information technology employees, corporate taxes and insurance, legal and accounting fees, depreciation and other corporate costs such as automobile and travel costs. Management considers these to be non-allocable costs for segment purposes.

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- References

No definition available.

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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