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Segment Information
 12 Months Ended
Sep. 30, 2024
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):
202420232022
Revenues (from external customers)
Nightclubs$243,864 $236,748 $206,251 
Bombshells50,578 55,723 59,925 
Other1,162 1,319 1,444 
$295,604 $293,790 $267,620 
Income (loss) from operations
Nightclubs$58,094 $73,187 $82,798 
Bombshells(10,646)6,502 11,504 
Other(523)(1,446)57 
Corporate(28,120)(26,759)(22,900)
$18,805 $51,484 $71,459 
Capital expenditures
Nightclubs$9,106 $11,840 $17,477 
Bombshells7,760 16,578 3,586 
Other6,250 8,400 841 
Corporate1,484 3,566 2,099 
$24,600 $40,384 $24,003 
Depreciation and amortization
Nightclubs$11,823 $10,871 $9,604 
Bombshells2,365 2,574 1,783 
Other43 495 85 
Corporate1,164 1,211 919 
$15,395 $15,151 $12,391 
September 30, 2024September 30, 2023
Total assets
Nightclubs$454,892 $483,563 
Bombshells79,091 85,215 
Other14,197 6,936 
Corporate36,184 35,170 
$584,364 $610,884 
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs segment amounting to $18.8 million, $16.6 million, and $14.0 million for 2024, 2023, and 2022, respectively, and intercompany sales of Robust Energy Drink of Other segment amounting to $270,000, $254,000, and $261,000 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.