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Insurance Recoveries

12 Months Ended

Sep. 30, 2019

Unusual or Infrequent Items, or Both [Abstract]

Insurance Recoveries

14. Insurance Recoveries

One of our clubs in Washington Park, Illinois was temporarily closed due to a fire during the third quarter of 2019, and another club in Fort Worth, Texas sustained weather-related damage toward the end of fiscal 2018. We wrote off the net carrying value of the assets destroyed in the said events and recorded corresponding recovery of losses or gains in as much as the insurers have paid us or where contingencies relating to the insurance claims have been resolved.

In relation to these casualty events, we recorded the following in our consolidated financial statements (in thousands):

				For the Year Ended September 30,
		Included in		2019				2018				2017
Consolidated balance sheets (period end)
Insurance receivable		Account receivable, net		$	1,197			$	-			$	-

Consolidated statements of income
Business interruption		Other charges, net		$	(484	)		$	-			$	-
Net property insurance claims		Other charges, net		$	(284	)		$	(20	)		$	-

Consolidated statements of cash flows
Business interruption		Operating activity		$	100			$	-			$	-
Proceeds from property insurance claims		Investing activity		$	100			$	20			$	-

The net property insurance claims amount in fiscal 2019 is net of assets written off and expenses amounting to $629,000.

The $1.2 million balance of insurance receivable as of September 30, 2019 was collected in October and November 2019.