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Segment Information
 9 Months Ended
Jun. 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 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,
2024202320242023
Revenues (from external customers)
Nightclubs$62,823 $62,449 $183,228 $175,805 
Bombshells13,139 14,397 38,641 42,143 
Other218 209 501 592 
$76,180 $77,055 $222,370 $218,540 
Income (loss) from operations
Nightclubs$13,640 $20,392 $45,030 $61,127 
Bombshells(8,914)1,701 (8,129)5,323 
Other(108)(300)(581)(653)
Corporate(7,154)(6,278)(21,034)(19,957)
$(2,536)$15,515 $15,286 $45,840 
4. Segment Information - continued
For the Three Months Ended
June 30,		For the Nine Months Ended
June 30,
2024202320242023
Depreciation and amortization
Nightclubs$2,996 $2,915 $8,828 $7,864 
Bombshells615 611 1,908 2,000 
Other3 212 7 338 
Corporate287 303 895 906 
$3,901 $4,041 $11,638 $11,108 
Capital expenditures
Nightclubs$2,424 $5,915 $6,655 $14,598 
Bombshells1,684 1,438 5,127 11,940 
Other2,288 165 5,991 243 
Corporate21 1,511 1,446 3,138 
$6,417 $9,029 $19,219 $29,919 
June 30, 2024September 30, 2023
Total assets
Nightclubs$468,704 $483,563 
Bombshells80,238 85,215 
Other14,026 6,936 
Corporate38,021 35,170 
$600,989 $610,884 
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended June 30, 2024, amounting to $4.7 million and $21,000, respectively, and for the nine months ended June 30, 2024, amounting to $13.8 million and $269,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three and nine months ended June 30, 2024 amounting to $66,000 and $194,000, 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, 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. 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.