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BUSINESS SEGMENTS | 12 Months Ended
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Sep. 30, 2022
BUSINESS SEGMENTS |
BUSINESS SEGMENTS | 13. BUSINESS SEGMENTS: The Company has two reportable business segments: the wholesale distribution of consumer products which includes Team Sledd, and the retail sale of health and natural food products. The aggregation of the Company’s business operations into these business segments was based on a range of considerations including but not limited to the characteristics of each business, similarities in the nature and type of products sold, customer classes, methods used to sell the products and economic profiles. 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) from operations before taxes. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
FISCAL YEAR ENDED 2022: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 1,328,196,494 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,328,196,494
Tobacco | ​ | ​ | 342,997,425 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 342,997,425
Confectionery | ​ | ​ | 117,227,090 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 117,227,090
Health food | ​ | ​ | — | ​ | ​ | 46,206,417 | ​ | ​ | — | ​ | ​ | 46,206,417
Foodservice & other | ​ | ​ | 176,170,959 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 176,170,959
Total external revenue | ​ | ​ | 1,964,591,968 | ​ | ​ | 46,206,417 | ​ | ​ | — | ​ | ​ | 2,010,798,385
Depreciation | ​ | ​ | 2,366,108 | ​ | ​ | 1,206,845 | ​ | ​ | — | ​ | ​ | 3,572,953
Amortization | ​ | ​ | 70,887 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 70,887
Operating income (loss) | ​ | ​ | 35,597,978 | ​ | ​ | 526,509 | ​ | ​ | (13,523,120) | ​ | ​ | 22,601,367
Interest expense | ​ | ​ | 990,392 | ​ | ​ | — | ​ | ​ | 1,259,160 | ​ | ​ | 2,249,552
Income (loss) from operations before taxes | ​ | ​ | 34,644,617 | ​ | ​ | 569,797 | ​ | ​ | (13,738,910) | ​ | ​ | 21,475,504
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,670,133 | ​ | ​ | 1,670,133
Total assets | ​ | ​ | 271,202,838 | ​ | ​ | 17,208,581 | ​ | ​ | 713,108 | ​ | ​ | 289,124,527
Capital expenditures | ​ | ​ | 13,327,713 | ​ | ​ | 1,327,493 | ​ | ​ | — | ​ | ​ | 14,655,206
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
FISCAL YEAR ENDED 2021: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 1,130,297,314 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,130,297,314
Tobacco | ​ | ​ | 264,453,836 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 264,453,836
Confectionery | ​ | ​ | 92,353,240 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 92,353,240
Health food | ​ | ​ | — | ​ | ​ | 47,321,449 | ​ | ​ | — | ​ | ​ | 47,321,449
Foodservice & other | ​ | ​ | 137,952,742 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 137,952,742
Total external revenue | ​ | ​ | 1,625,057,132 | ​ | ​ | 47,321,449 | ​ | ​ | — | ​ | ​ | 1,672,378,581
Depreciation | ​ | ​ | 1,905,270 | ​ | ​ | 1,187,747 | ​ | ​ | — | ​ | ​ | 3,093,017
Operating income (loss) | ​ | ​ | 24,477,037 | ​ | ​ | 1,797,250 | ​ | ​ | (8,449,668) | ​ | ​ | 17,824,619
Interest expense | ​ | ​ | 199,392 | ​ | ​ | — | ​ | ​ | 1,140,168 | ​ | ​ | 1,339,560
Income (loss) from operations before taxes | ​ | ​ | 24,354,719 | ​ | ​ | 1,809,130 | ​ | ​ | (9,475,562) | ​ | ​ | 16,688,287
Equity method investment earnings, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,357,978 | ​ | ​ | 3,357,978
Total assets | ​ | ​ | 157,038,710 | ​ | ​ | 18,179,614 | ​ | ​ | 13,192,805 | ​ | ​ | 188,411,129
Capital expenditures | ​ | ​ | 1,251,617 | ​ | ​ | 402,514 | ​ | ​ | — | ​ | ​ | 1,654,131
​

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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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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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