Note 6 - Property and Equipment

12 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

6. Property and Equipment

The Company had the following property and equipment balances as of September 30, 2024 and 2023, dollars in thousands:

	Useful lives				As of September 30,
	(in years)				2024			2023
Construction in process		n/a			$	5,758			15,221
Land		n/a				6,746			6,746
Buildings		16	–	40		60,556			46,412
Land improvements		1	–	24		2,324			2,112
Leasehold and building improvements		1	–	25		185,045			173,407
Fixtures and equipment		5	–	7		167,060			157,710
Computer hardware and software		3	–	5		30,622			27,080
						458,111			428,688
Less accumulated depreciation and amortization						(279,502	)		(259,628	)
Property and equipment, net					$	178,609			169,060

Total costs capitalized for qualifying construction projects of leasehold and building improvements included $0.4 million, $0.5 million and $0.4 million for the years ended September 30, 2024, 2023 and 2022, respectively, related to internal staff compensation. Depreciation expense related to capitalized internal staff compensation was $0.7 million, $0.7 million and $0.6 million for the years ended September 30, 2024, 2023 and 2022, respectively. Capitalized interest costs were $0.3 million for each of the years ended September 30, 2024, 2023 and 2022.

Depreciation and amortization expense for the years ended September 30, 2024, 2023 and 2022 is summarized as follows, dollars in thousands:

	Year ended September 30,
	2024		2023		2022
Depreciation and amortization expense included in cost of goods sold and occupancy costs	$	737		1,083		1,029
Depreciation and amortization expense included in store expenses		28,341		25,770		25,257
Depreciation and amortization expense included in administrative expenses		1,667		1,607		1,410
Depreciation and amortization expense included in pre-opening expenses		185		446		210
Total depreciation and amortization expenses	$	30,930		28,906		27,906