v3.26.1
Segment Information (Tables)
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Below is the financial information (in thousands) related to the Company’s reportable segments as provided to the CODM:
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
NightclubsBombshellsTotalNightclubsBombshellsTotal
Revenues
Third party$62,981 $10,793 $73,774 $62,336 $8,609 $70,945 
Intersegment1,467 — 1,467 1,154 — 1,154 
64,448 10,793 75,241 63,490 8,609 72,099 
Reconciliation of revenue
Other revenues, including intersegment243 258 
Elimination of intersegment revenues(1,545)(1,212)
Total consolidated revenues73,939 71,145 
Less:
Cost of goods sold, including intersegment7,043 2,604 9,647 7,071 2,037 9,108 
Salaries and wages14,651 3,291 17,942 14,276 2,860 17,136 
Selling, general, and administrative, including intersegment18,290 5,012 23,302 17,481 4,266 21,747 
Depreciation and amortization3,393 346 3,739 3,311 314 3,625 
Impairments and other charges (gains), net(31)42 11 2,338 12 2,350 
Other segment items— — — — 5 5 
Segment income (loss)21,102 (502)20,600 19,013 (885)18,128 
Reconciliation of segment income (loss)
Other loss(97)(28)
Interest expense, net(4,368)(3,915)
Elimination of intersegment income(1)(57)
Unallocated corporate overhead(7,503)(9,335)
Consolidated income before income taxes$8,631 $4,793 
Segment capital expenditures$367 $831 $1,198 $1,972 $1,278 $3,250 
Reconciliation to consolidated capital expenditures
Other operating segments— 325 
Unallocated corporate327 106 
Consolidated capital expenditures$1,525 $3,681 
4. Segment Information—continued
Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
NightclubsBombshellsTotalNightclubsBombshellsTotal
Revenues
Third party$185,565 $27,533 $213,098 $181,601 $26,425 $208,026 
Intersegment4,113 — 4,113 3,287 — 3,287 
189,678 27,533 217,211 184,888 26,425 211,313 
Reconciliation of revenue
Other revenues, including intersegment641 673 
Elimination of intersegment revenues(4,363)(3,482)
Total consolidated revenues213,489 208,504 
Less:
Cost of goods sold, including intersegment20,938 6,655 27,593 20,707 6,211 26,918 
Salaries and wages43,958 8,984 52,942 42,297 8,458 50,755 
Selling, general, and administrative, including intersegment53,532 13,797 67,329 52,427 12,833 65,260 
Depreciation and amortization10,288 1,099 11,387 9,440 996 10,436 
Impairments and other charges (gains), net7,734 138 7,872 3,486 (1,159)2,327 
Other segment items— — — — (974)(974)
Segment income (loss)53,228 (3,140)50,088 56,531 60 56,591 
Reconciliation of segment income (loss)
Other loss(390)(305)
Interest expense, net(13,052)(11,797)
Elimination of intersegment income— (80)
Unallocated corporate overhead(31,732)(24,442)
Consolidated income before income taxes$4,914 $19,967 
Segment capital expenditures$2,300 $2,488 $4,788 $4,218 $6,924 $11,142 
Reconciliation to consolidated capital expenditures
Other operating segments4 762 
Unallocated corporate932 385 
Consolidated capital expenditures$5,724 $12,289 
June 30, 2026September 30, 2025
NightclubsBombshellsTotalNightclubsBombshellsTotal
Segment assets$455,843 $78,502 $534,345 $478,516 $78,877 $557,393 
Reconciliation to consolidated total assets
Other operating segments3,470 3,775 
Unallocated corporate31,845 35,767 
Consolidated total assets$569,660 $596,935