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BUSINESS SEGMENTS | 9 Months Ended
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Jun. 30, 2021
BUSINESS SEGMENTS |
BUSINESS SEGMENTS | 8. 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, equity method investment earnings, net of tax and assets held and charges incurred and income earned by our holding company. The segments are evaluated on revenues, gross margins, operating income (loss), and income (loss) before taxes. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
THREE MONTHS ENDED JUNE 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 294,690,427 | ​ | $ | — | ​ | $ | — | ​ | $ | 294,690,427
Tobacco | ​ | ​ | 68,525,147 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 68,525,147
Confectionery | ​ | ​ | 25,703,325 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 25,703,325
Health food | ​ | ​ | — | ​ | ​ | 11,745,769 | ​ | ​ | — | ​ | ​ | 11,745,769
Foodservice & other | ​ | ​ | 37,648,362 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 37,648,362
Total external revenue | ​ | ​ | 426,567,261 | ​ | ​ | 11,745,769 | ​ | ​ | — | ​ | ​ | 438,313,030
Depreciation | ​ | ​ | 445,831 | ​ | ​ | 295,349 | ​ | ​ | — | ​ | ​ | 741,180
Operating income (loss) | ​ | ​ | 6,349,783 | ​ | ​ | 621,421 | ​ | ​ | (2,671,795) | ​ | ​ | 4,299,409
Interest expense | ​ | ​ | 56,924 | ​ | ​ | — | ​ | ​ | 273,005 | ​ | ​ | 329,929
Income (loss) from operations before taxes | ​ | ​ | 6,304,328 | ​ | ​ | 624,447 | ​ | ​ | (2,915,858) | ​ | ​ | 4,012,917
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 754,293 | ​ | ​ | 754,293
Total assets | ​ | ​ | 159,766,283 | ​ | ​ | 17,140,050 | ​ | ​ | 11,874,597 | ​ | ​ | 188,780,930
Capital expenditures | ​ | ​ | 384,429 | ​ | ​ | 133,732 | ​ | ​ | — | ​ | ​ | 518,161
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
THREE MONTHS ENDED JUNE 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 276,348,474 | ​ | $ | — | ​ | $ | — | ​ | $ | 276,348,474
Tobacco | ​ | ​ | 59,487,110 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 59,487,110
Confectionery | ​ | ​ | 20,614,034 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,614,034
Health food | ​ | ​ | — | ​ | ​ | 11,538,319 | ​ | ​ | — | ​ | ​ | 11,538,319
Foodservice & other | ​ | ​ | 28,866,387 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28,866,387
Total external revenue | ​ | ​ | 385,316,005 | ​ | ​ | 11,538,319 | ​ | ​ | — | ​ | ​ | 396,854,324
Depreciation | ​ | ​ | 452,025 | ​ | ​ | 349,658 | ​ | ​ | — | ​ | ​ | 801,683
Operating income (loss) | ​ | ​ | 4,350,347 | ​ | ​ | (159,706) | ​ | ​ | (1,717,685) | ​ | ​ | 2,472,956
Interest expense | ​ | ​ | 31,623 | ​ | ​ | — | ​ | ​ | 429,958 | ​ | ​ | 461,581
Income (loss) from operations before taxes | ​ | ​ | 4,329,679 | ​ | ​ | (157,273) | ​ | ​ | (2,118,506) | ​ | ​ | 2,053,900
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 111,666 | ​ | ​ | 111,666
Total assets | ​ | ​ | 146,782,772 | ​ | ​ | 19,584,013 | ​ | ​ | 10,551,204 | ​ | ​ | 176,917,989
Capital expenditures | ​ | ​ | 575,462 | ​ | ​ | 174,374 | ​ | ​ | — | ​ | ​ | 749,836
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
NINE MONTHS ENDED JUNE 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 826,838,177 | ​ | $ | — | ​ | $ | — | ​ | $ | 826,838,177
Tobacco | ​ | ​ | 194,802,459 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 194,802,459
Confectionery | ​ | ​ | 65,769,418 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 65,769,418
Health food | ​ | ​ | — | ​ | ​ | 35,199,199 | ​ | ​ | — | ​ | ​ | 35,199,199
Foodservice & other | ​ | ​ | 98,962,041 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 98,962,041
Total external revenue | ​ | ​ | 1,186,372,095 | ​ | ​ | 35,199,199 | ​ | ​ | — | ​ | ​ | 1,221,571,294
Depreciation | ​ | ​ | 1,405,528 | ​ | ​ | 889,862 | ​ | ​ | — | ​ | ​ | 2,295,390
Operating income (loss) | ​ | ​ | 16,569,154 | ​ | ​ | 1,167,737 | ​ | ​ | (6,178,910) | ​ | ​ | 11,557,981
Interest expense | ​ | ​ | 144,569 | ​ | ​ | — | ​ | ​ | 872,333 | ​ | ​ | 1,016,902
Income (loss) from operations before taxes | ​ | ​ | 16,499,529 | ​ | ​ | 1,176,481 | ​ | ​ | (6,965,406) | ​ | ​ | 10,710,604
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,403,124 | ​ | ​ | 1,403,124
Total assets | ​ | ​ | 159,766,283 | ​ | ​ | 17,140,050 | ​ | ​ | 11,874,597 | ​ | ​ | 188,780,930
Capital expenditures | ​ | ​ | 977,860 | ​ | ​ | 277,098 | ​ | ​ | — | ​ | ​ | 1,254,958
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
NINE MONTHS ENDED JUNE 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 750,264,131 | ​ | $ | — | ​ | $ | — | ​ | $ | 750,264,131
Tobacco | ​ | ​ | 165,443,803 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 165,443,803
Confectionery | ​ | ​ | 59,477,946 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 59,477,946
Health food | ​ | ​ | — | ​ | ​ | 34,629,465 | ​ | ​ | — | ​ | ​ | 34,629,465
Foodservice & other | ​ | ​ | 85,026,598 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 85,026,598
Total external revenue | ​ | ​ | 1,060,212,478 | ​ | ​ | 34,629,465 | ​ | ​ | — | ​ | ​ | 1,094,841,943
Depreciation | ​ | ​ | 1,327,431 | ​ | ​ | 990,614 | ​ | ​ | — | ​ | ​ | 2,318,045
Operating income (loss) | ​ | ​ | 10,907,179 | ​ | ​ | (1,216,491) | ​ | ​ | (4,661,555) | ​ | ​ | 5,029,133
Interest expense | ​ | ​ | 98,187 | ​ | ​ | — | ​ | ​ | 1,223,080 | ​ | ​ | 1,321,267
Income (loss) from operations before taxes | ​ | ​ | 10,852,250 | ​ | ​ | (1,209,665) | ​ | ​ | (5,855,497) | ​ | ​ | 3,787,088
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 111,666 | ​ | ​ | 111,666
Total assets | ​ | ​ | 146,782,772 | ​ | ​ | 19,584,013 | ​ | ​ | 10,551,204 | ​ | ​ | 176,917,989
Capital expenditures | ​ | ​ | 1,808,162 | ​ | ​ | 1,124,143 | ​ | ​ | — | ​ | ​ | 2,932,305
​

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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