Segment Information

6 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Information

12. Segment Information

The Company owns and operates adult nightclubs and Bombshells Restaurants and Bars. The Company has identified such reportable segments based on management responsibility and the nature of the Company’s products, services, and costs. There are no major distinctions in geographical areas served as all operations are in the United States. The Company measures segment profit (loss) as income (loss) from operations. Segment assets are those assets controlled by each reportable segment. The Other category below includes our media and energy drink divisions that are not significant to the consolidated financial statements.

Below is the financial information related to the Company’s segments (in thousands):

	For the Three Months						For the Six Months
	Ended March 31,						Ended March 31,
	2020			2019			2020			2019
Revenues
Nightclubs	$	31,367		$	37,047		$	69,226		$	74,775
Bombshells		8,803			7,527			19,153			13,540
Other		256			252			441			534
	$	40,426		$	44,826		$	88,820		$	88,849
Income (loss) from operations
Nightclubs	$	2,314		$	15,078		$	16,090		$	30,465
Bombshells		690			738			2,263			857
Other		(178	)		(176	)		(385	)		(295	)
General corporate		(5,301	)		(4,474	)		(10,757	)		(8,729	)
	$	(2,475	)	$	11,166		$	7,211		$	22,298
Depreciation and amortization
Nightclubs	$	1,486		$	1,467		$	2,956		$	2,974
Bombshells		456			339			873			631
Other		104			106			208			210
General corporate		211			288			424			438
	$	2,257		$	2,200		$	4,461		$	4,253
Capital expenditures
Nightclubs	$	526		$	647		$	2,858		$	1,094
Bombshells		612			5,788			2,337			9,797
Other		-			9			-			18
General corporate		127			163			128			2,993
	$	1,265		$	6,607		$	5,323		$	13,902

	March 31, 2020		September 30, 2019
Total assets
Nightclubs	$	281,080	$	274,071
Bombshells		48,271		44,144
Other		1,723		1,773
General corporate		30,822		33,649
	$	361,896	$	353,637

General corporate expenses include corporate salaries, health insurance and social security taxes for officers, legal, accounting and information technology employees, corporate taxes and insurance, legal and accounting fees, depreciation and other corporate costs such as automobile and travel costs. Management considers these to be non-allocable costs for segment purposes.

Certain real estate assets previously wholly assigned to Bombshells have been subdivided and allocated to other future development or investment projects. Accordingly, those asset costs have been transferred out of the Bombshells segment.