Revenues

6 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

The Company recognizes revenue from the sale of alcoholic beverages, food and merchandise, service and other revenues at the point-of-sale upon receipt of cash, check, or credit card charge, net of discounts and promotional allowances based on consideration specified in implied contracts with customers. Sales and liquor taxes collected from customers and remitted to governmental authorities are presented on a net basis in the accompanying unaudited condensed consolidated statements of income. The Company recognizes revenue when it satisfies a performance obligation (point in time of sale) by transferring control over a product or service to a customer.

Commission revenues, such as ATM commission, are recognized when the basis for such commission has transpired. Revenues from the sale of magazines and advertising content are recognized when the issue is published and shipped. Revenues and external expenses related to the Company’s annual Expo convention are recognized upon the completion of the convention, which normally occurs during our fiscal fourth quarter. Lease revenue (included in other revenues) is recognized when earned (recognized over time) and is more appropriately covered by guidance under ASC 842, Leases. See Note 13.

Revenues, as disaggregated by revenue type, timing of recognition, and reportable segment (see also Note 11), are shown below (in thousands):

	Three Months Ended March 31, 2022									Three Months Ended March 31, 2021
	Nightclubs			Bombshells		Other		Total		Nightclubs			Bombshells		Other		Total
Sales of alcoholic beverages	$	18,673		$	8,662	$	—	$	27,335	$	12,634		$	7,639	$	—	$	20,273
Sales of food and merchandise	4,498			6,662		—		11,160		4,082			5,456		—		9,538
Service revenues	21,501			—		—		21,501		11,446			56		—		11,502
Other revenues	3,502			9		185		3,696		2,625			(16)		137		2,746
	$	48,174		$	15,333	$	185	$	63,692	$	30,787		$	13,135	$	137	$	44,059
Recognized at a point in time	$	47,722		$	15,332	$	185	$	63,239	$	30,382		$	13,134	$	136	$	43,652
Recognized over time	452		*	1		—		453		405		*	1		1		407
	$	48,174		$	15,333	$	185	$	63,692	$	30,787		$	13,135	$	137	$	44,059
	Six Months Ended March 31, 2022									Six Months Ended March 31, 2021
	Nightclubs			Bombshells		Other		Total		Nightclubs			Bombshells		Other		Total
Sales of alcoholic beverages	$	36,840		$	16,926	$	—	$	53,766	$	22,268		$	15,365	$	—	$	37,633
Sales of food and merchandise	9,087			12,967		—		22,054		7,505			10,642		—		18,147
Service revenues	42,185			192		—		42,377		21,444			118		—		21,562
Other revenues	6,843			19		469		7,331		4,767			16		332		5,115
	$	94,955		$	30,104	$	469	$	125,528	$	55,984		$	26,141	$	332	$	82,457
Recognized at a point in time	$	94,066		$	30,102	$	468	$	124,636	$	55,217		$	26,140	$	329	$	81,686
Recognized over time	889		*	2		1		892		767		*	1		3		771
	$	94,955		$	30,104	$	469	$	125,528	$	55,984		$	26,141	$	332	$	82,457

* Lease revenue (included in Other Revenues) as covered by ASC 842. All other revenues are covered by ASC 606.

The Company does not have contract assets with customers. The Company’s unconditional right to consideration for goods and services transferred to the customer is included in accounts receivable, net in our unaudited condensed consolidated balance sheet. A reconciliation of contract liabilities with customers is presented below (in thousands):

	Balance at September 30, 2021		Consideration Received		Recognized in Revenue		Balance at March 31, 2022
Ad revenue	$	84	$	450	$	(330)	$	204
Expo revenue	151		178		—		329
Other (including franchise fees)	119		9		(20)		108
	$	354	$	637	$	(350)	$	641

Contract liabilities with customers are included in accrued liabilities as unearned revenues in our unaudited condensed consolidated balance sheets (see also Note 6), while the revenues associated with these contract liabilities are included in other revenues in our unaudited condensed consolidated statements of income.