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Segment Information

9 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment Information

11. 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 and energy drink divisions 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,
		2019				2018				2019				2018
Revenues
Nightclubs		$	37,889			$	35,253			$	112,664			$	105,914
Bombshells			8,755				7,120				22,295				18,550
Other			383				261				917				608
		$	47,027			$	42,634			$	135,876			$	125,072
Income (loss) from operations
Nightclubs		$	14,034			$	12,584			$	44,499			$	37,835
Bombshells			686				1,391				1,543				3,247
Other			(111	)			(328	)			(406	)			(547	)
General corporate			(4,635	)			(4,155	)			(13,364	)			(13,672	)
		$	9,974			$	9,492			$	32,272			$	26,863
Depreciation and amortization
Nightclubs		$	1,737			$	1,381			$	4,711			$	4,050
Bombshells			370				322				1,001				999
Other			102				103				312				76
General corporate			256				192				694				681
		$	2,465			$	1,998			$	6,718			$	5,806
Capital expenditures
Nightclubs		$	1,935			$	253			$	3,029			$	1,550
Bombshells			900				9,125				10,697				16,625
Other			2				29				20				33
General corporate			162				409				3,155				619
		$	2,999			$	9,816			$	16,901			$	18,827

		June 30, 2019				September 30, 2018
						(As Revised)
Total assets
Nightclubs		$	276,002			$	252,335
Bombshells			42,006				39,560
Other			1,975				1,978
General corporate			30,895				35,859
		$	350,878			$	329,732

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.

Certain real estate assets previously wholly assigned to Bombshells have been subdivided and allocated to other future development or investment projects. Accordingly, those asset costs have been transferred out of the Bombshells segment.

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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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