XML 42 R27.htm IDEA: XBRL DOCUMENT v3.20.4
Impairment of Assets
12 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Impairment of Assets

18. Impairment of Assets

 

During the year ended September 30, 2018, we recorded aggregate impairment charges of $5.6 million comprised of $1.6 million for property and equipment of one club and one Bombshells, $834,000 for goodwill impairment of two club reporting units, and $3.1 million for SOB licenses of three clubs.

 

During the year ended September 30, 2019, we recorded aggregate impairment charges of $6.0 million comprised of $1.6 million for the goodwill of four club reporting units, $4.2 million for property and equipment of two clubs, and $178,000 for SOB license of one club.

 

During the year ended September 30, 2020, we recorded aggregate impairment charges of $10.6 million comprised of $7.9 million for goodwill of seven club reporting units, $2.3 million for SOB licenses of two clubs, $406,000 for long-lived assets of one club and one Bombshells unit ($302,000 for property and equipment and $104,000 for operating lease right-of-use assets). The impairment charges for fiscal 2020 were mainly due to lower cash flow projections and uncertainty risk caused by the pandemic.