XML 39 R24.htm IDEA: XBRL DOCUMENT v3.20.4

Insurance Recoveries

12 Months Ended

Sep. 30, 2020

Unusual or Infrequent Items, or Both [Abstract]

Insurance Recoveries

15. 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. During the fourth quarter of 2020, one club in Sulphur, Louisiana incurred damage from a hurricane. 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):

Schedule of Business Insurance Recoveries

				For the Year Ended September 30,
		Included in		2020				2019				2018
Consolidated balance sheets (period end)
Insurance receivable		Account receivable, net		$	191			$	1,197			$	-
Consolidated statements of operations – loss (gain)
Business interruption		Other charges, net		$	(176	)		$	(484	)		$	-
Property		Other charges, net		$	596			$	(284	)		$	(20	)
Consolidated statements of cash flows
Proceeds from business interruption insurance claims		Operating activity		$	384			$	100			$	-
Proceeds from property insurance claims		Investing activity		$	945			$	100			$	20

The net property insurance gain/loss amount in fiscal 2020, 2019, and 2018 was net of assets written off and expenses amounting to $728,000, $629,000, and $0, respectively.

RCI HOSPITALITY HOLDINGS, INC.

Notes to Consolidated Financial Statements

X

- Definition

The entire disclosure for business interruption insurance recoveries. Includes, but is not limited to, the nature of the event resulting in business interruption losses, amount of business interruption insurance recoveries recognized, and line item in the statement of income in which those recoveries are classified.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 30
-URI http://asc.fasb.org/subtopic&trid=114868818

+ Details

Name:	us-gaap_BusinessInsuranceRecoveriesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ExtraordinaryAndUnusualItemsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration