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Segment Information
 12 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company owns and operates adult nightclubs and Bombshells Restaurants and Bars. The Company has identified such 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 reportable segments (in thousands):
202320222021
Revenues (from external customers)
Nightclubs$236,748 $206,251 $137,348 
Bombshells55,723 59,925 56,621 
Other1,319 1,444 1,289 
$293,790 $267,620 $195,258 
Income (loss) from operations
Nightclubs$73,187 $82,798 $43,815 
Bombshells6,502 11,504 13,264 
Other(1,446)57 35 
General corporate(26,759)(22,900)(18,566)
$51,484 $71,459 $38,548 
Capital expenditures
Nightclubs$11,840 $17,477 $6,890 
Bombshells16,578 3,586 5,895 
Other8,400 841 157 
General corporate3,566 2,099 569 
$40,384 $24,003 $13,511 
Depreciation and amortization
Nightclubs$10,871 $9,604 $5,494 
Bombshells2,574 1,783 1,824 
Other495 85 87 
General corporate1,211 919 833 
$15,151 $12,391 $8,238 
September 30, 2023September 30, 2022
Total assets
Nightclubs$483,563 $437,096 
Bombshells85,215 62,021 
Other6,936 2,635 
General corporate35,170 28,986 
$610,884 $530,738 
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs segment amounting to $16.6 million, $14.0 million, and $11.5 million for 2023, 2022, and 2021, respectively, and intercompany sales of Robust Energy Drink of Other segment amounting to $254,000, $261,000, and $141,000 for the same respective years. These intercompany revenue amounts are eliminated upon consolidation.
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.
As of September 30, 2022, we reclassified $9.0 million of goodwill from Corporate to Nightclubs to conform to current year presentation. See Note 2.