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Assets Held for Sale | 12 Months Ended
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Sep. 30, 2019
Assets Held For Sale |
Assets Held for Sale | 7. Assets Held for Sale As of September 30, 2018, the Company had five real estate properties for sale. The aggregate estimated fair value of the properties less cost to sell as of September 30, 2018 was approximately $2.9 million and reclassified to assets held for sale in the Company’s consolidated balance sheet. The assets were measured at the carrying value as adjusted for depreciation which was lower than the fair value at the date reclassified. During fiscal 2019, we sold all the properties held for sale as of September 30, 2018. See Note 15. In September 2019, the Company classified as held-for-sale two separate parcels of land subdivided from previously constructed Bombshells pad sites located in Houston, Texas. The aggregate estimated fair value of the properties less cost to sell as of September 30, 2019 was approximately $2.9 million. The Company expects the properties held for sale, which are primarily comprised of land and buildings, to be sold within 12 months through property listings by our real estate brokers. The assets held for sale do not have liabilities associated with them that need to be directly settled from the proceeds in the event of a transaction. The gain or loss on the sale of these properties held for sale is included in other charges, net in our consolidated statements of income.

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