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BUSINESS SEGMENTS

3 Months Ended

Dec. 31, 2018

BUSINESS SEGMENTS

BUSINESS SEGMENTS

9. BUSINESS SEGMENTS

The Company 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			Retail
		Segment			Segment			Other			Consolidated
THREE MONTHS ENDED DECEMBER 2018
External revenues:
Cigarettes		$	238,361,582		$	—		$	—		$	238,361,582
Tobacco			48,195,046			—			—			48,195,046
Confectionery			19,717,666			—			—			19,717,666
Health food						10,990,623			—			10,990,623
Foodservice & other			27,469,003			—			—			27,469,003
Total external revenue			333,743,297			10,990,623			—			344,733,920
Depreciation			364,132			228,251			—			592,383
Amortization			15,625			—			—			15,625
Operating income (loss)			3,703,884			(45,443)			(1,591,525)			2,066,916
Interest expense			37,774			—			285,176			322,950
Income (loss) from operations before taxes			3,667,924			(43,901)			(1,876,702)			1,747,321
Total assets			105,897,386			15,838,092			96,951			121,832,429
Capital expenditures			784,116			372,389			—			1,156,505
THREE MONTHS ENDED DECEMBER 2017
External revenue:
Cigarettes		$	223,265,578		$	—		$	—		$	223,265,578
Tobacco			41,641,678			—			—			41,641,678
Confectionery			18,516,318			—			—			18,516,318
Health food			—			6,289,897			—			6,289,897
Foodservice & other			25,799,738			—			—			25,799,738
Total external revenue			309,223,312			6,289,897			—			315,513,209
Depreciation			310,485			188,020			—			498,505
Amortization			32,500			—			—			32,500
Operating income (loss)			3,188,983			(472,981)			(1,408,853)			1,307,149
Interest expense			23,708			—			178,483			202,191
Income (loss) from operations before taxes			3,167,932			(470,505)			(1,587,336)			1,110,091
Total assets			97,487,611			14,302,363			124,460			111,914,434
Capital expenditures			51,529			153,893			—			205,422

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- References

No definition available.

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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
-URI http://asc.fasb.org/topic&trid=2134510

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