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Segment Information
 9 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information

12. 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   For the Nine Months 
   Ended June 30,   Ended June 30, 
   2020   2019   2020   2019 
Revenues                    
Nightclubs  $6,013   $37,889   $75,239   $112,664 
Bombshells   8,531    8,755    27,684    22,295 
Other   177    383    618    917 
General corporate   -    -    -    - 
   $14,721   $47,027   $103,541   $135,876 
                     
Income (loss) from operations                    
Nightclubs  $(3,088)  $14,034   $13,002   $44,499 
Bombshells   1,903    686    4,166    1,543 
Other   (95)   (111)   (480)   (406)
General corporate   (3,377)   (4,635)   (14,134)   (13,364)
   $(4,657)  $9,974   $2,554   $32,272 
                     
Depreciation and amortization                    
Nightclubs  $1,470   $1,737   $4,426   $4,711 
Bombshells   455    370    1,328    1,001 
Other   103    102    311    312 
General corporate   207    256    631    694 
   $2,235   $2,465   $6,696   $6,718 
                     
Capital expenditures                    
Nightclubs  $106   $1,935   $2,964   $3,029 
Bombshells   136    900    2,473    10,697 
Other   -    2    -    20 
General corporate   -    162    128    3,155 
   $242   $2,999   $5,565   $16,901 

 

   June 30, 2020   September 30, 2019 
Total assets          
Nightclubs  $277,707   $274,071 
Bombshells   51,907    44,144 
Other   1,516    1,773 
General corporate   29,244    33,649 
   $360,374   $353,637 

 

 

RCI HOSPITALITY HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

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.