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Segment Information
 9 Months Ended
Jun. 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 unaudited condensed consolidated financial statements.
Below is the financial information related to the Company’s segments (in thousands):
For the Three Months Ended
June 30,		For the Nine Months Ended
June 30,
2023202220232022
Revenues (from external customers)
Nightclubs$62,449 $54,684 $175,805 $149,639 
Bombshells14,397 15,789 42,143 45,893 
Other209 241 592 710 
$77,055 $70,714 $218,540 $196,242 
Income (loss) from operations
Nightclubs$20,392 $22,459 $61,127 $60,321 
Bombshells1,701 3,065 5,323 9,335 
Other(300)(82)(653)(159)
Corporate(6,278)(4,935)(19,957)(15,998)
$15,515 $20,507 $45,840 $53,499 
Depreciation and amortization
Nightclubs$2,915 $1,880 $7,864 $5,633 
Bombshells611 449 2,000 1,332 
Other212 6 338 19 
Corporate303 230 906 652 
$4,041 $2,565 $11,108 $7,636 
Capital expenditures
Nightclubs$5,915 $1,678 $14,598 $12,568 
Bombshells1,438 1,188 11,940 3,393 
Other165 145 243 693 
Corporate1,511 172 3,138 519 
$9,029 $3,183 $29,919 $17,173 
June 30, 2023September 30, 2022
Total assets
Nightclubs$495,412 $437,096 
Bombshells84,207 62,021 
Other2,635 2,635 
Corporate37,853 28,986 
$620,107 $530,738 
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended June 30, 2023 amounting to $4.3 million and $32,000, respectively, and for the nine months ended June 30, 2023 amounting to $11.9 million and $294,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three and nine months ended June 30, 2023 amounting to $73,000 and $188,000, respectively. Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended June 30, 2022 amounting to $3.4 million and $32,000, and for the nine months ended June 30, 2022 amounting to $9.9 million and $231,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three and nine months ended June 30, 2022 amounting to $42,000 and $164,000, respectively. 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 1.