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BUSINESS SEGMENTS | 6 Months Ended
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Mar. 31, 2014
BUSINESS SEGMENTS |
BUSINESS SEGMENTS | 10. BUSINESS SEGMENTS AMCON has two reportable business segments: the wholesale distribution of consumer products and the retail sale of health and natural food products. The retail health food stores’ operations are aggregated to comprise the Retail Segment because such operations have similar economic characteristics, as well as similar characteristics with respect to the nature of products sold, the type and class of customers for the health food products and the methods used to sell the products. Included in the “Other” column are intercompany eliminations, and assets held and charges incurred by our holding company. The segments are evaluated on revenues, gross margins, operating income (loss), and income before taxes.
|  | Wholesale Segment |  | Retail Segment |  | Other |  | Consolidated |
THREE MONTHS ENDED MARCH 2014: |  |  |  |  |  |  |  |  |
External revenue: |  |  |  |  |  |  |  |  |
Cigarettes |  | $ | 194,804,666 |  | $ | — |  | $ | — |  | $ | 194,804,666 |
Confectionery |  | 16,504,352 |  | — |  | — |  | 16,504,352 |
Health food |  | — |  | 9,188,668 |  | — |  | 9,188,668 |
Tobacco, food service & other |  | 51,924,102 |  | — |  | — |  | 51,924,102 |
Total external revenue |  | 263,233,120 |  | 9,188,668 |  | — |  | 272,421,788 |
Depreciation |  | 411,201 |  | 125,446 |  | 937 |  | 537,584 |
Amortization |  | 91,250 |  | — |  | — |  | 91,250 |
Operating income (loss) |  | 2,095,162 |  | 490,831 |  | (1,407,039 | ) | 1,178,954 |
Interest expense |  | 38,856 |  | 56,002 |  | 127,766 |  | 222,624 |
Income (loss) from operations before taxes |  | 2,076,291 |  | 438,798 |  | (1,519,804 | ) | 995,285 |
Total assets |  | 94,011,377 |  | 13,534,327 |  | 318,709 |  | 107,864,413 |
Capital expenditures |  | 374,459 |  | 2,695 |  | — |  | 377,154 |
THREE MONTHS ENDED MARCH 2013: |  |  |  |  |  |  |  |  |
External revenue: |  |  |  |  |  |  |  |  |
Cigarettes |  | $ | 197,704,322 |  | $ | — |  | $ | — |  | $ | 197,704,322 |
Confectionery |  | 16,847,270 |  | — |  | — |  | 16,847,270 |
Health food |  | — |  | 9,868,050 |  | — |  | 9,868,050 |
Tobacco, food service & other |  | 50,148,509 |  | — |  | — |  | 50,148,509 |
Total external revenue |  | 264,700,101 |  | 9,868,050 |  | — |  | 274,568,151 |
Depreciation |  | 413,307 |  | 94,291 |  | 937 |  | 508,535 |
Amortization |  | 91,250 |  | — |  | — |  | 91,250 |
Operating income (loss) |  | 2,530,591 |  | 1,067,812 |  | (1,339,363 | ) | 2,259,040 |
Interest expense |  | 51,764 |  | 54,580 |  | 142,648 |  | 248,992 |
Income (loss) from operations before taxes |  | 2,493,782 |  | 1,018,404 |  | (1,387,292 | ) | 2,124,894 |
Total assets |  | 89,426,229 |  | 13,719,780 |  | 287,165 |  | 103,433,174 |
Capital expenditures |  | 209,689 |  | 564,312 |  | — |  | 774,001 |
|  | Wholesale Segment |  | Retail Segment |  | Other |  | Consolidated |
SIX MONTHS ENDED MARCH 2014: |  |  |  |  |  |  |  |  |
External revenue: |  |  |  |  |  |  |  |  |
Cigarettes |  | $ | 415,956,477 |  | $ | — |  | $ | — |  | $ | 415,956,477 |
Confectionery |  | 34,707,543 |  | — |  | — |  | 34,707,543 |
Health food |  | — |  | 17,711,946 |  | — |  | 17,711,946 |
Tobacco, food service & other |  | 109,671,379 |  | — |  | — |  | 109,671,379 |
Total external revenue |  | 560,335,399 |  | 17,711,946 |  | — |  | 578,047,345 |
Depreciation |  | 814,543 |  | 253,956 |  | 1,875 |  | 1,070,374 |
Amortization |  | 182,500 |  | — |  | — |  | 182,500 |
Operating income (loss) |  | 5,891,124 |  | 543,021 |  | (2,730,431 | ) | 3,703,714 |
Interest expense |  | 82,653 |  | 116,778 |  | 325,188 |  | 524,619 |
Income (loss) from operations before taxes |  | 5,835,814 |  | 435,170 |  | (3,022,703 | ) | 3,248,281 |
Total assets |  | 94,011,377 |  | 13,534,327 |  | 318,709 |  | 107,864,413 |
Capital expenditures |  | 1,293,001 |  | 69,831 |  | — |  | 1,362,832 |
SIX MONTHS ENDED MARCH 2013: |  |  |  |  |  |  |  |  |
External revenue: |  |  |  |  |  |  |  |  |
Cigarettes |  | $ | 419,434,504 |  | $ | — |  | $ | — |  | $ | 419,434,504 |
Confectionery |  | 34,803,342 |  | — |  | — |  | 34,803,342 |
Health food |  | — |  | 18,572,693 |  | — |  | 18,572,693 |
Tobacco, food service & other |  | 103,975,933 |  | — |  | — |  | 103,975,933 |
Total external revenue |  | 558,213,779 |  | 18,572,693 |  | — |  | 576,786,472 |
Depreciation |  | 822,050 |  | 187,223 |  | 1,874 |  | 1,011,147 |
Amortization |  | 182,500 |  | — |  | — |  | 182,500 |
Operating income (loss) |  | 6,333,328 |  | 1,439,610 |  | (2,726,443 | ) | 5,046,495 |
Interest expense |  | 106,896 |  | 113,548 |  | 344,600 |  | 565,044 |
Income (loss) from operations before taxes |  | 6,247,239 |  | 1,336,174 |  | (2,925,767 | ) | 4,657,646 |
Total assets |  | 89,426,229 |  | 13,719,780 |  | 287,165 |  | 103,433,174 |
Capital expenditures |  | 503,339 |  | 600,890 |  | — |  | 1,104,229 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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