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Revenues

9 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenues

4. Revenues

On October 1, 2018, the Company adopted ASC Topic 606, Revenue from Contracts with Customers (formerly ASU 2014-09). The Company recognizes revenue from the sale of alcoholic beverages, food and merchandise, service and other revenues at the point-of-sale upon receipt of cash, check, or credit card charge, net of discounts and promotional allowances based on consideration specified in implied contracts with customers. Sales and liquor taxes collected from customers and remitted to governmental authorities are presented on a net basis in the accompanying unaudited condensed consolidated statements of income. The Company recognizes revenue when it satisfies a performance obligation (point in time of sale) by transferring control over a product or service to a customer.

Commission revenues, such as ATM commission, are recognized when the basis for such commission has transpired. Revenues from the sale of magazines and advertising content are recognized when the issue is published and shipped. Revenues and external expenses related to the Company’s annual Expo convention are recognized upon the completion of the convention, which normally occurs during our fiscal fourth quarter. Other rental revenues are recognized when earned (recognized over time) and are more appropriately covered by guidance under ASC Topic 840, Leases.

Revenues, as disaggregated by revenue type, timing of recognition, and reportable segment (see also Note 11), are shown below.

		Three Months Ended June 30, 2019																Three Months Ended June 30, 2018
		Nightclubs				Bombshells				Other				Total				Nightclubs				Bombshells				Other				Total
Sales of alcoholic beverages		$	14,597			$	4,973			$	-			$	19,570			$	13,510			$	4,148			$	-			$	17,658
Sales of food and merchandise			3,313				3,733				-				7,046				3,224				2,951				-				6,175
Service revenues			17,257				42				-				17,299				16,301				15				-				16,316
Other revenues			2,722				7				383				3,112				2,218				6				261				2,485
		$	37,889			$	8,755			$	383			$	47,027			$	35,253			$	7,120			$	261			$	42,634

Recognized at a point in time		$	37,457			$	8,755			$	369			$	46,581			$	34,932			$	7,120			$	237			$	42,289
Recognized over time			432	*			-				14				446				321	*			-				24				345
		$	37,889			$	8,755			$	383			$	47,027			$	35,253			$	7,120			$	261			$	42,634

		Nine Months Ended June 30, 2019																Nine Months Ended June 30, 2018
		Nightclubs				Bombshells				Other				Total				Nightclubs				Bombshells				Other				Total
Sales of alcoholic beverages		$	43,547			$	12,819			$	-			$	56,366			$	41,627			$	11,208			$	-			$	52,835
Sales of food and merchandise			9,813				9,362				-				19,175				9,594				7,312				-				16,906
Service revenues			51,513				96				-				51,609				48,323				15				-				48,338
Other revenues			7,791				18				917				8,726				6,370				15				608				6,993
		$	112,664			$	22,295			$	917			$	135,876			$	105,914			$	18,550			$	608			$	125,072

Recognized at a point in time		$	111,431			$	22,295			$	874			$	134,600			$	105,011			$	18,550			$	545			$	124,106
Recognized over time			1,233	*			-				43				1,276				903	*			-				63				966
		$	112,664			$	22,295			$	917			$	135,876			$	105,914			$	18,550			$	608			$	125,072

* Rental revenue (included in Other Revenues) as covered by ASC Topic 840. All other revenues are covered by ASC Topic 606.

The Company does not have contract assets with customers. The Company’s unconditional right to consideration for goods and services transferred to the customer is included in accounts receivable, net in our unaudited condensed consolidated balance sheet. A reconciliation of contract liabilities with customers is presented below:

		Balance at September 30, 2018				Consideration Received				Recognized in Revenue				Balance at June 30, 2019
Ad revenue		$	126			$	492			$	(475	)		$	143
Expo revenue			-				444				(2	)			442
Other			8				44				(43	)			9
		$	134			$	980			$	(520	)		$	594

Contract liabilities with customers are included in accrued liabilities as unearned revenues in our unaudited condensed consolidated balance sheets (see also Note 5), while the revenues associated with these contract liabilities are included in other revenues in our unaudited condensed consolidated statements of income.