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Segment Information

3 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Information

11. Segment Information

The Company owns and operates adult nightclubs and Bombshells Restaurants and Bars. The Company has identified such reportable segments based on management responsibility and the nature of the Company’s products, services, and costs. There are no major distinctions in geographical areas served as all operations are in the United States. The Company measures segment profit (loss) as income (loss) from operations. Segment assets are those assets controlled by each reportable segment. The Other category below includes our media and energy drink divisions that are not significant to the consolidated financial statements.

Below is the financial information related to the Company’s segments (in thousands):

		For the Three Months
		Ended December 31,
		2019				2018
Revenues
Nightclubs		$	37,859			$	37,728
Bombshells			10,350				6,013
Other			185				282
		$	48,394			$	44,023
Income (loss) from operations
Nightclubs		$	13,776			$	15,387
Bombshells			1,573				119
Other			(207	)			(119	)
General corporate			(5,456	)			(4,255	)
		$	9,686			$	11,132
Depreciation and amortization
Nightclubs		$	1,470			$	1,507
Bombshells			417				292
Other			104				104
General corporate			213				150
		$	2,204			$	2,053
Capital expenditures
Nightclubs		$	2,332			$	447
Bombshells			1,725				4,009
Other			-				9
General corporate			1				2,830
		$	4,058			$	7,295

		December 31, 2019				September 30, 2019
Total assets
Nightclubs		$	292,966			$	274,071
Bombshells			51,567				44,144
Other			1,853				1,773
General corporate			29,787				33,649
		$	376,173			$	353,637

General corporate expenses include corporate salaries, health insurance and social security taxes for officers, legal, accounting and information technology employees, corporate taxes and insurance, legal and accounting fees, depreciation and other corporate costs such as automobile and travel costs. Management considers these to be non-allocable costs for segment purposes.

Certain real estate assets previously wholly assigned to Bombshells have been subdivided and allocated to other future development or investment projects. Accordingly, those asset costs have been transferred out of the Bombshells segment.

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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