Insurance Recoveries

12 Months Ended

Sep. 30, 2023

Unusual or Infrequent Items, or Both [Abstract]

One of our clubs in Washington Park, Illinois was temporarily closed due to a fire during the third quarter of 2019, and another club in Fort Worth, Texas sustained weather-related damage toward the end of fiscal 2019. Both of these casualties received insurance recoveries in subsequent fiscal years. During the fourth quarter of 2021, one club in Sulphur, Louisiana incurred damage from a hurricane. We wrote off the net carrying value of the assets destroyed in the said events and recorded corresponding recovery of losses or gains in as much as the insurers have paid us or where contingencies relating to the insurance claims have been resolved.

In relation to these casualty events, we recorded the following in our consolidated financial statements (in thousands):


	Included in	2023		2022		2021
Consolidated balance sheets (period end)
Insurance receivable	Account receivable, net	$	—	$	—	$	186

Consolidated statements of income – gain
Property	Other charges, net	$	(77)	$	(463)	$	(1,337)

Consolidated statements of cash flows
Proceeds from business interruption insurance claims	Operating activity	$	—	$	—	$	106
Proceeds from property insurance claims	Investing activity	$	86	$	648	$	1,152

The net property insurance gain/loss amount in fiscal 2023, 2022, and 2021 was net of assets written off and expenses amounting to $9,000, $0, and $88,000, respectively.