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Noncontrolling Interests
12 Months Ended
Sep. 30, 2019
Noncontrolling Interest [Abstract]  
Noncontrolling Interests

19. Noncontrolling Interests

 

Noncontrolling interests represent the portion of equity in a consolidated entity held by owners other than the consolidating parent. Noncontrolling interests are reported in the consolidated balance sheets within equity. Revenue, expenses and net income attributable to both the Company and the noncontrolling interests are reported in the consolidated statements of income.

 

Until September 2018, our consolidated financial statements included noncontrolling interests related to the Company’s ownership of 51% of an entity which owns the real estate for the Company’s nightclub in Philadelphia. The Company acquired the remaining not-owned portion of the entity in September 2018.

 

Our consolidated financial statements include noncontrolling interests related principally to the Company’s ownership of 51% of an entity which owns one of the Company’s nightclubs in New York City.