RCI Hospitality (RICK) 10-Q 9 Aug 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jun. 30, 2022	Aug. 05, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-13992
Entity Registrant Name	RCI HOSPITALITY HOLDINGS, INC.
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	76-0458229
Entity Address, Address Line One	10737 Cutten Road
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77066
City Area Code	(281)
Local Phone Number	397-6730
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	RICK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,243,948
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--09-30
Entity Central Index Key	0000935419

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Current assets
Cash and cash equivalents	$ 37,500	$ 35,686
Accounts receivable, net	3,955	7,570
Current portion of notes receivable	226	220
Inventories	3,749	2,659
Prepaid expenses and other current assets	4,475	1,928
Assets held for sale	6,989	4,887
Total current assets	56,894	52,950
Property and equipment, net	208,710	175,952
Operating lease right-of-use assets, net	37,753	24,308
Notes receivable, net of current portion	4,750	2,839
Goodwill	61,399	39,379
Intangibles, net	130,585	67,824
Other assets	2,088	1,367
Total assets	502,179	364,619
Current liabilities
Accounts payable	5,767	4,408
Accrued liabilities	12,888	10,403
Current portion of debt obligations, net	12,295	6,434
Current portion of operating lease liabilities	2,730	1,780
Total current liabilities	33,680	23,025
Deferred tax liability, net	24,074	19,137
Debt, net of current portion and debt discount and issuance costs	175,670	118,734
Operating lease liabilities, net of current portion	36,719	24,150
Other long-term liabilities	351	350
Total liabilities	270,494	185,396
Commitments and contingencies (Note 10)
Equity
Preferred stock, $0.10 par value per share; 1,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.01 par value per share; 20,000,000 shares authorized; 9,286,198 and 8,999,910 shares issued and outstanding as of June 30, 2022 and September 30, 2021, respectively	93	90
Additional paid-in capital	68,342	50,040
Retained earnings	163,800	129,693
Total RCIHH stockholders’ equity	232,235	179,823
Noncontrolling interests	(550)	(600)
Total equity	231,685	179,223
Total liabilities and equity	$ 502,179	$ 364,619

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2022	Sep. 30, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value per share (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares, issued (in shares)	9,286,198	8,999,910
Common stock, shares outstanding (in shares)	9,286,198	8,999,910

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Total revenues	$ 70,714	$ 57,860	$ 196,242	$ 140,317
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	9,182	8,872	26,833	21,878
Salaries and wages	17,387	13,870	50,422	36,556
Selling, general and administrative	19,572	14,697	56,495	39,467
Depreciation and amortization	2,565	2,057	7,636	6,197
Other charges (gains), net	1,501	(143)	1,357	1,288
Total operating expenses	50,207	39,353	142,743	105,386
Income from operations	20,507	18,507	53,499	34,931
Other income (expenses)
Interest expense	(3,028)	(2,281)	(8,496)	(7,079)
Interest income	103	72	321	194
Non-operating gains, net	127	9	211	5,356
Income before income taxes	17,709	16,307	45,535	33,402
Income tax expense	3,767	3,986	10,056	5,540
Net income	13,942	12,321	35,479	27,862
Net loss (income) attributable to noncontrolling interests	(40)	(19)	(50)	174
Net income attributable to RCIHH common shareholders	$ 13,902	$ 12,302	$ 35,429	$ 28,036
Earnings per share
Basic (in dollars per share)	$ 1.48	$ 1.37	$ 3.76	$ 3.11
Diluted (in dollars per share)	$ 1.48	$ 1.37	$ 3.76	$ 3.11
Weighted average number of common shares outstanding
Basic (in shares)	9,389,675	8,999,910	9,428,461	9,006,373
Diluted (in shares)	9,389,675	8,999,910	9,428,461	9,006,373
Dividends per share (in dollars per share)	$ 0.05	$ 0.04	$ 0.14	$ 0.12
Sales of alcoholic beverages
Revenues
Total revenues	$ 29,738	$ 25,092	$ 83,504	$ 62,725
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	5,177	4,621	14,907	11,613
Sales of food and merchandise
Revenues
Total revenues	11,574	12,058	33,628	30,205
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	3,959	4,043	11,756	9,961
Service revenues
Revenues
Total revenues	25,444	16,880	67,821	38,442
Other
Revenues
Total revenues	3,958	3,830	11,289	8,945
Service and other
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	$ 46	$ 208	$ 170	$ 304

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Noncontrolling Interests
Common Stock, Beginning balance (in shares) at Sep. 30, 2020		9,074,569
Beginning balance at Sep. 30, 2020	$ 152,307	$ 91	$ 51,833	$ 100,797	$ 0	$ (414)
Treasury Stock, Beginning balance (in shares) at Sep. 30, 2020					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of treasury shares (in shares)					(74,659)
Purchase of treasury shares	(1,794)				$ (1,794)
Canceled treasury shares (in shares)		(74,659)			(74,659)
Canceled treasury shares	0	$ (1)	(1,793)		$ 1,794
Payment of dividends	(360)			(360)
Net income (loss)	9,509			9,643		(134)
Common Stock, Ending balance (in shares) at Dec. 31, 2020		8,999,910
Ending balance at Dec. 31, 2020	159,662	$ 90	50,040	110,080	$ 0	(548)
Treasury Stock, Ending balance (in shares) at Dec. 31, 2020					0
Common Stock, Beginning balance (in shares) at Sep. 30, 2020		9,074,569
Beginning balance at Sep. 30, 2020	152,307	$ 91	51,833	100,797	$ 0	(414)
Treasury Stock, Beginning balance (in shares) at Sep. 30, 2020					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	27,862
Common Stock, Ending balance (in shares) at Jun. 30, 2021		8,999,910
Ending balance at Jun. 30, 2021	177,295	$ 90	50,040	127,753	$ 0	(588)
Treasury Stock, Ending balance (in shares) at Jun. 30, 2021					0
Common Stock, Beginning balance (in shares) at Dec. 31, 2020		8,999,910
Beginning balance at Dec. 31, 2020	159,662	$ 90	50,040	110,080	$ 0	(548)
Treasury Stock, Beginning balance (in shares) at Dec. 31, 2020					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Payment of dividends	(360)			(360)
Net income (loss)	6,032			6,091		(59)
Common Stock, Ending balance (in shares) at Mar. 31, 2021		8,999,910
Ending balance at Mar. 31, 2021	165,334	$ 90	50,040	115,811	$ 0	(607)
Treasury Stock, Ending balance (in shares) at Mar. 31, 2021					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Payment of dividends	(360)			(360)
Net income (loss)	12,321			12,302		19
Common Stock, Ending balance (in shares) at Jun. 30, 2021		8,999,910
Ending balance at Jun. 30, 2021	$ 177,295	$ 90	50,040	127,753	$ 0	(588)
Treasury Stock, Ending balance (in shares) at Jun. 30, 2021					0
Common Stock, Beginning balance (in shares) at Sep. 30, 2021	8,999,910	8,999,910
Beginning balance at Sep. 30, 2021	$ 179,223	$ 90	50,040	129,693	$ 0	(600)
Treasury Stock, Beginning balance (in shares) at Sep. 30, 2021					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares (in shares)		500,000
Issuance of common shares	30,362	$ 5	30,357
Payment of dividends	(380)			(380)
Net income (loss)	10,564			10,575		(11)
Common Stock, Ending balance (in shares) at Dec. 31, 2021		9,499,910
Ending balance at Dec. 31, 2021	$ 219,769	$ 95	80,397	139,888	$ 0	(611)
Treasury Stock, Ending balance (in shares) at Dec. 31, 2021					0
Common Stock, Beginning balance (in shares) at Sep. 30, 2021	8,999,910	8,999,910
Beginning balance at Sep. 30, 2021	$ 179,223	$ 90	50,040	129,693	$ 0	(600)
Treasury Stock, Beginning balance (in shares) at Sep. 30, 2021					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 35,479
Common Stock, Ending balance (in shares) at Jun. 30, 2022	9,286,198	9,286,198
Ending balance at Jun. 30, 2022	$ 231,685	$ 93	68,342	163,800	$ 0	(550)
Treasury Stock, Ending balance (in shares) at Jun. 30, 2022					0
Common Stock, Beginning balance (in shares) at Dec. 31, 2021		9,499,910
Beginning balance at Dec. 31, 2021	219,769	$ 95	80,397	139,888	$ 0	(611)
Treasury Stock, Beginning balance (in shares) at Dec. 31, 2021					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of treasury shares (in shares)					(45,643)
Purchase of treasury shares	(2,845)				$ (2,845)
Canceled treasury shares (in shares)		(45,643)			(45,643)
Canceled treasury shares	0	$ (1)	(2,844)		$ 2,845
Payment of dividends	(474)			(474)
Net income (loss)	10,973			10,952		21
Common Stock, Ending balance (in shares) at Mar. 31, 2022		9,454,267
Ending balance at Mar. 31, 2022	227,423	$ 94	77,553	150,366	$ 0	(590)
Treasury Stock, Ending balance (in shares) at Mar. 31, 2022					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of treasury shares (in shares)					(168,069)
Purchase of treasury shares	(9,212)				$ (9,212)
Canceled treasury shares (in shares)		(168,069)			(168,069)
Canceled treasury shares	0	$ (1)	(9,211)		$ 9,212
Payment of dividends	(468)			(468)
Net income (loss)	$ 13,942			13,902		40
Common Stock, Ending balance (in shares) at Jun. 30, 2022	9,286,198	9,286,198
Ending balance at Jun. 30, 2022	$ 231,685	$ 93	$ 68,342	$ 163,800	$ 0	$ (550)
Treasury Stock, Ending balance (in shares) at Jun. 30, 2022					0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 35,479	$ 27,862
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,636	6,197
Deferred income tax benefit	(409)	(430)
Gain on sale of businesses and assets	(1,282)	(626)
Impairment of assets	1,722	1,672
Unrealized loss on equity securities	1	58
Amortization of debt discount and issuance costs	199	160
Gain on debt extinguishment	(83)	(5,298)
Noncash lease expense	1,725	1,282
Gain on insurance	(408)	(294)
Doubtful accounts expense (reversal) on notes receivable	753	(22)
Changes in operating assets and liabilities:
Accounts receivable	3,411	4,309
Inventories	(492)	(107)
Prepaid expenses, other current and other assets	(3,271)	2,346
Accounts payable, accrued and other liabilities	1,773	(4,892)
Net cash provided by operating activities	46,754	32,217
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of businesses and assets	4,611	3,213
Proceeds from insurance	515	294
Proceeds from notes receivable	127	95
Payments for property and equipment and intangible assets	(17,173)	(10,788)
Acquisition of businesses, net of cash acquired	(44,302)	0
Net cash used in investing activities	(56,222)	(7,186)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt obligations, including related party proceeds of $650 and $0, respectively	35,820	2,176
Payments on debt obligations	(10,714)	(10,845)
Purchase of treasury stock	(12,057)	(1,794)
Payment of dividends	(1,322)	(1,080)
Payment of loan origination costs	(445)	(25)
Net cash provided by (used in) financing activities	11,282	(11,568)
NET INCREASE IN CASH AND CASH EQUIVALENTS	1,814	13,463
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	35,686	15,605
CASH AND CASH EQUIVALENTS AT END OF PERIOD	37,500	29,068
CASH PAID DURING PERIOD FOR:
Interest	7,915	7,761
Income taxes	8,990	4,047
Noncash investing and financing transactions:
Debt incurred in connection with acquisition of businesses	33,200	0
Debt incurred in connection with purchase of property and equipment	4,820	0
Note receivable from sale of property	2,700	0
Issuance of shares of common stock for acquisition of businesses:
Number of shares	500,000	0
Fair value	30,362	0
Adjustment to operating lease right-of-use assets and lease liabilities related to new and renewed leases	21,247	217
Unpaid liabilities on capital expenditures	$ 1,325	$ 995

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Cash Flows [Abstract]
Proceeds from related party debt	$ 650	$ 0

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of PresentationThe accompanying unaudited condensed consolidated financial statements of RCI Hospitality Holdings, Inc. (the “Company,” “RCIHH,” “we,” or “us”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q of Regulation S-X. They do not include all information and footnotes required by GAAP for complete financial statements. The September 30, 2021 consolidated balance sheet data were derived from audited financial statements but do not include all disclosures required by GAAP. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the consolidated financial statements for the year ended September 30, 2021 included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on December 14, 2021. The interim unaudited condensed consolidated financial statements should be read in conjunction with those consolidated financial statements included in the Form 10-K. In the opinion of management, all adjustments considered necessary for a fair statement of the financial statements, consisting solely of normal recurring adjustments, have been made. Operating results for the three and nine months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending September 30, 2022.

Recent Accounting Standards and

Recent Accounting Standards and Pronouncements	9 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Standards and Pronouncements	Recent Accounting Standards and Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . This ASU simplifies accounting for income taxes by removing the following exceptions: (1) exception to the incremental approach for intraperiod tax allocation, (2) exceptions to accounting for basis differences when there are ownership changes in foreign investments, and (3) exception in interim period income tax accounting for year-to-date losses that exceed anticipated losses. The ASU also improves financial statement preparers’ application of income tax related guidance for franchise taxes that are partially based on income; transactions with a government that result in a step up in the tax basis of goodwill; separate financial statements of legal entities that are not subject to tax; and enacted changes in tax laws in interim periods. The ASU is effective for public business entities for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted for public business entities for periods for which financial statements have not been issued. An entity that elects early adoption in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally, an entity that elects early adoption should adopt all the amendments in the same period. We adopted ASU 2019-12 on October 1, 2021. Our adoption of this update did not have a significant impact on our consolidated financial statements. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . This ASU amends ASC 805 to require acquiring entities to apply ASC 606 to recognize and measure contract assets and contract liabilities in business combinations. The ASU is effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We are still evaluating the impact of this ASU but we do not expect it to have a material impact on our consolidated financial statements.

Ongoing Impact of COVID-19 Pand

Ongoing Impact of COVID-19 Pandemic and Potential Economic Slowdown	9 Months Ended
	Jun. 30, 2022
Ongoing Impact Of Covid-19 Pandemic [Abstract]
Ongoing Impact of COVID-19 Pandemic and Potential Economic Slowdown	Ongoing Impact of COVID-19 Pandemic and Potential Economic Slowdown Our businesses were heavily impacted by the COVID-19 pandemic since its declaration as a national emergency in March 2020. We had a major disruption in our business operations that affected our cash flow. The pandemic resulted in a significant reduction in customer traffic in our clubs and restaurants due to changes in consumer behavior as social distancing practices, dining room closures and other restrictions were mandated or encouraged by federal, state and local governments. In 2021, our businesses started and continue to recover to date from the initial effects of the pandemic. There have been several variants to the coronavirus since then that threatened our operations throughout the period of recovery. We continue to adhere to state and local government mandates regarding the pandemic. Since early 2021, there has been a worldwide increase in inflation. In the event this global inflation leads to a major economic downturn, our business operations and cash flow could be significantly affected. Valuation of Goodwill, Indefinite-Lived Intangibles and Long-Lived Assets We consider the COVID-19 pandemic as a triggering event in the assessment of recoverability of the goodwill, indefinite-lived intangibles, and long-lived assets in our clubs and restaurants that are affected. We evaluated forecasted cash flows considering a probable economic slowdown on sales and, to a lesser extent, the future assumed impact of the COVID-19 pandemic. Based on the evaluation we conducted during the interim period ended June 30, 2022, we determined that our assets are impaired in a total amount of $1.7 million comprised of $400,000 in goodwill (for one club), $1.0 million in property and equipment ($379,000 for one club and $650,000 for one Bombshells), and $293,000 in SOB license (for one club). See Note 6.

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions On October 6, 2021, the Company sold a property classified as held-for-sale with a carrying value of $3.0 million for $3.2 million, of which $2.7 million was in the form of a secured promissory note. This 7% note receivable has a term of eight years and is collectible in equal monthly installments of $21,544 in principal and interest with the remaining balance to be paid at maturity. On October 8, 2021, the Company sold one of its clubs in South Houston for $300,000. On October 18, 2021, we and certain of our subsidiaries completed our acquisition of eleven gentlemen’s clubs, six related real estate properties, and associated intellectual property for a total agreed acquisition price of $88.0 million (with a total consideration preliminary fair value of $88.4 million based on the Company’s stock price at acquisition date and discounted due to the lock-up period, with interest rates on promissory notes reflective of market yields). The acquisition was structured by entering into nine asset purchase agreements, which allowed the Company to acquire from each club all of the tangible and intangible assets and personal property in that business except certain excluded assets, and two stock purchase agreements, where a newly formed subsidiary purchased 100% of the capital stock of two club-owning entities. Along with the asset and stock purchase agreements, the Company also entered into a real estate purchase and sale agreement for six real estate properties and an intellectual property purchase agreement for substantially all of the intellectual property used in the adult entertainment establishment businesses owned and operated by the sellers. The acquisition gives the Company presence in four additional states. We paid for the acquisition with $36.8 million in cash, $21.2 million in four seller-financed notes (see Note 7), and 500,000 shares of our common stock. The preliminary fair value of the consideration transferred is as follows (in thousands): Cash $ 36,800 Notes payable 21,200 Common stock 30,362 Total consideration fair value $ 88,362 We recognized the assets and liabilities for this acquisition based on our estimates of their acquisition date fair values, all in our Nightclubs reportable segment. We have not finalized our valuation of the tangible and identifiable intangible assets acquired in this transaction. As of the release of this report, the fair value of the acquired tangible and identifiable intangible assets are provisional pending receipt of the final valuations for those assets. Based on the allocation of the preliminary fair value of the acquisition price, measurement period adjustments and subject to any working capital adjustments, the amount of goodwill is estimated to be $13.8 million. Goodwill represents the excess of the acquisition price fair value over the fair values of the tangibles and identifiable intangibles assets acquired and liabilities assumed, which is essentially the forward earnings potential of the acquired entities. Goodwill will not be amortized but will be tested at least annually for impairment. Approximately $9.3 million of the recognized goodwill will be deductible for tax purposes. The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of October 18, 2021: Current assets $ 386 Property and equipment 19,534 Licenses 50,080 Tradenames 7,460 Deferred tax liability (2,903) Total net assets acquired 74,557 Goodwill 13,805 Acquisition price fair value $ 88,362 Licenses and tradenames will not be amortized but will be tested at least annually for impairment. The Company entered into leases with third parties for certain clubs where the real estate was not part of the acquisition. See Note 13. In connection with this acquisition, we incurred acquisition-related expenses of approximately $403,000 ($162,000 recognized in fiscal 2021 and $241,000 recognized in fiscal 2022), of which $30,000 and $42,000 were expensed during the three and nine months ended June 30, 2021 and $7,000 and $241,000 were expensed during the three and nine months ended June 30, 2022, and in those periods included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income. From the date of acquisition until June 30, 2022, the eleven acquired clubs contributed revenues of $10.3 million and $24.7 million and income from operations of $3.6 million and $7.3 million during the three and nine months ended June 30, 2022, respectively, which are included in our unaudited condensed consolidated statements of income. The following table presents the unaudited pro forma combined results of operations of the Company and the eleven acquired clubs and related assets as though the acquisition occurred at the beginning of fiscal 2021 (in thousands, except per share amounts and number of shares): For the Three Months Ended June 30, For the Nine Months Ended June 30, 2022 2021 2022 2021 Pro forma revenues $ 70,714 $ 64,407 $ 197,968 $ 155,184 Pro forma net income attributable to RCIHH common stockholders $ 13,931 $ 13,745 $ 34,876 $ 29,252 Pro forma earnings per share – basic and diluted $ 1.48 $ 1.45 $ 3.70 $ 3.08 Pro forma weighted average number of common shares outstanding 9,389,675 9,499,910 9,428,461 9,506,373 The above unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal 2021. The unaudited pro forma financial information reflects material, nonrecurring adjustments directly attributable to the acquisition including acquisition-related expenses, interest expense, and any related tax effects. Since we do not have a final valuation of the assets that we acquired yet, the unaudited pro forma financial information only includes preliminary adjustments related to changes in recognized expenses caused by the fair value of assets acquired, such as depreciation and amortization and related tax effects. Pro forma net income and pro forma earnings per share include the impact of acquisition-related expenses and interest expense related to the 28 private lender group notes and 4 seller-financed notes in the acquisition as if they were incurred as of the first day of fiscal 2021. Pro forma weighted average number of common shares outstanding includes the impact of 500,000 shares of our common stock issued as partial consideration for the acquisition. On November 8, 2021, the Company acquired a club and related real estate in Newburgh, New York for a total preliminary purchase price of $3.5 million, by which $2.5 million was paid in cash at closing and $1.0 million through a seller-financed 7-year promissory note with an interest rate of 4.0% per annum. The $3.5 million acquisition price is preliminarily allocated $2.0 million to real estate, $200,000 to tangible assets, and $1.3 million to goodwill, which is deductible for tax purposes. The note is payable $13,669 per month, including principal and interest. See Note 7. The Company incurred approximately $21,000 of acquisition-related costs for this acquisition, of which $11,000 was incurred in fiscal 2021 and $10,000 was incurred in the first quarter of fiscal 2022, both of which were included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income. From the date of acquisition until June 30, 2022, the acquired club contributed revenues of $433,000 and $1,146,000 and loss from operations of $5,000 and $29,000 during the three and nine months ended June 30, 2022, respectively, which are included in our unaudited condensed consolidated statement of income. The Company is not providing supplemental pro forma disclosures to this acquisition as it does not materially contribute to the consolidated operations of the Company. On December 30, 2021, the Company acquired the real estate of one of its clubs in South Florida, which the Company previously leased, for $7.0 million in an all-cash purchase. At closing, the Company wrote off the balance of its operating lease right-of-use asset and corresponding operating lease liability related to the discontinued lease. On March 1, 2022, the Company acquired real estate in Stafford, Texas for $3.5 million for a future Bombshells location. The Company secured a $2.6 million loan in relation to the purchase (see Note 7). On March 1, 2022, the Company acquired real estate in Lubbock, Texas for $400,000 to move one of our existing clubs due to eminent domain on the current location. On March 23, 2022, the Company sold a property classified as held-for-sale with a carrying value of $1.9 million for $2.1 million in cash. The Company used $816,000 of the proceeds to pay off a loan related to the property. On May 2, 2022, the Company completed an acquisition of a club in Miami, Florida for a total acquisition price of $16.0 million. The acquisition price includes $3.0 million for the real estate property covered in a stock purchase agreement payable in cash at closing, and $13.0 million for the adult entertainment business covered in a separate stock purchase agreement payable as follows: (1) $2.0 million in cash at closing; (2) $6.0 million under a 10% three-year promissory note payable in 35 equal monthly payments of $79,290 in principal and interest based on a ten-year amortization schedule, with a balloon payment for the remaining principal plus accrued interest due at maturity; and (3) $5.0 million under a 10% ten-year interest-only promissory note payable in 119 equal monthly payments of $41,667 in interest, with a balloon payment of the total $5.0 million in principal plus accrued interest due at maturity. The Company acquired 100% of the capital stock of the acquired companies in each of the stock purchase agreements mentioned above. The $5.0 million promissory note may be earlier canceled if there are any regulatory changes that would prohibit the business from operating as an adult entertainment establishment within ten years of the closing date of the stock purchase agreement. Based on recent renewals of licenses of similar businesses in the region where the club operates, the Company believes that the probability of any changes to the regulatory environment is low as of the reporting date and would not materially impact the fair value of the debt. The preliminary fair value of the consideration transferred is as follows (in thousands) as of May 2, 2022: Cash $ 5,000 Notes payable 11,000 Total consideration fair value $ 16,000 We recognized the assets and liabilities for this acquisition based on our estimates of their acquisition date fair values, all in our Nightclubs reportable segment. We have not finalized our valuation of the tangible and identifiable intangible assets acquired in this transaction, including the fair value of the contingent debt consideration. As of the release of this report, the fair value of the acquired tangible and identifiable intangible assets and the fair value of the contingent debt consideration are provisional pending receipt of the final valuations for those items. Based on the allocation of the preliminary fair value of the acquisition price, measurement period adjustments and subject to any working capital adjustments, the amount of goodwill is estimated to be $7.3 million. Goodwill represents the excess of the acquisition price fair value over the fair values of the tangibles and identifiable intangibles assets acquired and liabilities assumed, which is essentially the forward earnings potential of the acquired entities. Goodwill will not be amortized but will be tested at least annually for impairment. The recognized goodwill will not be deductible for tax purposes. The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of May 2, 2022: Current assets $ 172 Property and equipment 5,336 Licenses 4,510 Tradenames 1,110 Deferred tax liability (2,443) Total net assets acquired 8,685 Goodwill 7,315 Acquisition price fair value $ 16,000 Licenses and tradenames will not be amortized but will be tested at least annually for impairment. In connection with this acquisition, we incurred acquisition-related expenses of approximately $8,000 and $8,000 expensed during the three and nine months ended June 30, 2022, respectively, and included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income. From the date of acquisition until June 30, 2022, the acquired club contributed revenues of $1.1 million and $1.1 million and income from operations of $497,000 and $497,000 during the three and nine months ended June 30, 2022, respectively, which are included in our unaudited condensed consolidated statements of income. The seller has not maintained historical U.S. GAAP financial data and it is impracticable to prepare them, therefore we could not provide supplemental pro forma information of the combined entities. On May 17, 2022, the Company sold a property classified as held-for sale with a carrying value of $1.1 million for $1.7 million in cash. The Company used $1.6 million of the proceeds to pay off a loan related to the property. On May 23, 2022, the Company acquired real estate in Rowlett, Texas for $3.3 million for a future Bombshells location. The Company secured a $2.2 million loan in relation to the purchase (see Note 7). On July 12, 2022, the Company received $6.0 million from the Philadelphia Regional Port Authority for one of the Company's rental properties, with a carrying value of $4.9 million, due to eminent domain. The Company paid the current lessee a lease termination fee of $250,000, which will be included in other charges (gains), net in our consolidated statement of income for the year ending September 30, 2022. The Company used $2.1 million of the proceeds to pay down a loan related to the property. On July 21, 2022, the Company acquired a club in Odessa, Texas for a total of $1.8 million, of which $1.0 million was for the real estate and $800,000 for the adult entertainment business. The Company paid $1.0 million at closing for the real estate and executed an $800,000 6% seller-financed promissory note for the business. The promissory note matures in seven years and is payable in 84 equal monthly installments of $11,687 of principal and interest. See Note 7. Due to the proximity of the closing date to the filing date of this report, we have not completed our valuation analysis and related calculations in sufficient detail necessary to arrive at the fair values of the net assets acquired and the debt consideration, along with the determination of any goodwill or gain on the transaction. The Company is not providing supplemental pro forma disclosures to this acquisition as it does not materially contribute to the consolidated operations of the Company. On July 27, 2022, the Company completed an acquisition of a club in Hallandale Beach, Florida for a total acquisition price of $25.0 million. The acquisition price includes (1) $20.0 million for the adult entertainment business covered in a stock purchase agreement payable $10.0 million in cash at closing and $10.0 million under a 6% ten-year promissory note payable in 120 equal monthly payments of $111,020 in principal and interest, and (2) $5.0 million for the real estate property covered in an asset purchase agreement payable under a 6% ten-year promissory note payable in 120 equal monthly payments of $55,510 in principal and interest. In the stock purchase agreement, the Company acquired 100% of the capital stock of the company which owned the adult entertainment business. Due to the proximity of the closing date to the filing date of this report, we have not completed our valuation analysis and related calculations in sufficient detail necessary to arrive at the fair values of the net assets acquired and the debt consideration, along with the determination of any goodwill or gain on the transaction. The seller has not maintained historical U.S. GAAP financial data and it is impracticable to prepare them, therefore we could not provide supplemental pro forma information of the combined entities.

Revenues

Revenues	9 Months Ended
	Jun. 30, 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 June 30, 2022 Three Months Ended June 30, 2021 Nightclubs Bombshells Other Total Nightclubs Bombshells Other Total Sales of alcoholic beverages $ 21,061 $ 8,677 $ — $ 29,738 $ 16,130 $ 8,962 $ — $ 25,092 Sales of food and merchandise 4,639 6,935 — 11,574 5,062 6,996 — 12,058 Service revenues 25,287 157 — 25,444 16,772 108 — 16,880 Other revenues 3,697 20 241 3,958 3,067 11 752 3,830 $ 54,684 $ 15,789 $ 241 $ 70,714 $ 41,031 $ 16,077 $ 752 $ 57,860 Recognized at a point in time $ 54,320 $ 15,777 $ 241 $ 70,338 $ 40,599 $ 16,075 $ 751 $ 57,425 Recognized over time 364 * 12 — 376 432 * 2 1 435 $ 54,684 $ 15,789 $ 241 $ 70,714 $ 41,031 $ 16,077 $ 752 $ 57,860 Nine Months Ended June 30, 2022 Nine Months Ended June 30, 2021 Nightclubs Bombshells Other Total Nightclubs Bombshells Other Total Sales of alcoholic beverages $ 57,901 $ 25,603 $ — $ 83,504 $ 38,398 $ 24,327 $ — $ 62,725 Sales of food and merchandise 13,726 19,902 — 33,628 12,567 17,638 — 30,205 Service revenues 67,472 349 — 67,821 38,216 226 — 38,442 Other revenues 10,540 39 710 11,289 7,834 27 1,084 8,945 $ 149,639 $ 45,893 $ 710 $ 196,242 $ 97,015 $ 42,218 $ 1,084 $ 140,317 Recognized at a point in time $ 148,386 $ 45,879 $ 709 $ 194,974 $ 95,816 $ 42,215 $ 1,080 $ 139,111 Recognized over time 1,253 * 14 1 1,268 1,199 * 3 4 1,206 $ 149,639 $ 45,893 $ 710 $ 196,242 $ 97,015 $ 42,218 $ 1,084 $ 140,317 * 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 Recognized in Balance at June 30, 2022 Ad revenue $ 84 $ 530 $ (480) $ 134 Expo revenue 151 306 — 457 Other (including franchise fees) 119 16 (5) 130 $ 354 $ 852 $ (485) $ 721 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.

Selected Account Information

Selected Account Information	9 Months Ended
	Jun. 30, 2022
Selected Account Information [Abstract]
Selected Account Information	Selected Account Information The components of accounts receivable, net are as follows (in thousands): June 30, 2022 September 30, 2021 Credit card receivables $ 1,800 $ 1,447 Income tax refundable 741 4,472 Insurance receivable 78 185 ATM in-transit 433 277 Other (net of allowance for doubtful accounts of $19 and $382, respectively) 903 1,189 Total accounts receivable, net $ 3,955 $ 7,570 Notes receivable consist primarily of secured promissory notes executed between the Company and various buyers of our businesses and assets with interest rates ranging from 6% to 9% per annum and having terms ranging from 1 to 20 years, net of allowance for doubtful notes amounting to $0 and $102,000 as of June 30, 2022 and September 30, 2021, respectively. The components of prepaid expenses and other current assets are as follows (in thousands): June 30, 2022 September 30, 2021 Prepaid insurance $ 2,562 $ 277 Prepaid legal 77 112 Prepaid taxes and licenses 581 380 Prepaid rent 387 309 Other 868 850 Total prepaid expenses and other current assets $ 4,475 $ 1,928 A reconciliation of goodwill as of June 30, 2022 and September 30, 2021 is as follows (in thousands): Gross Accumulated Impairment Net Balance at September 30, 2021 $ 59,967 $ 20,588 $ 39,379 Acquisitions (see Note 4) 22,420 — 22,420 Impairment (see Note 3) — 400 (400) Balance at June 30, 2022 $ 82,387 $ 20,988 $ 61,399 The components of intangible assets, net are as follows (in thousands): June 30, 2022 September 30, 2021 Indefinite-lived: Licenses $ 119,483 $ 65,186 Trademarks 10,785 2,215 Domain names 23 23 Definite-lived: Noncompete agreements 70 182 Discounted leases 80 86 Software 144 132 Total intangible assets, net $ 130,585 $ 67,824 The components of accrued liabilities are as follows (in thousands): June 30, 2022 September 30, 2021 Insurance $ 2,193 $ 54 Sales and liquor taxes 2,024 2,261 Payroll and related costs 3,553 3,220 Property taxes 1,710 2,178 Interest 472 145 Patron tax 429 452 Unearned revenues 721 354 Lawsuit settlement 181 378 Other 1,605 1,361 Total accrued liabilities $ 12,888 $ 10,403 The components of selling, general and administrative expenses are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Taxes and permits $ 2,418 $ 2,345 $ 7,015 $ 6,457 Advertising and marketing 2,460 1,929 7,091 4,502 Supplies and services 2,068 1,701 6,223 4,417 Insurance 2,481 1,474 7,357 4,358 Legal 328 1,255 2,286 2,928 Lease 1,736 992 4,948 2,941 Charge card fees 1,829 988 4,626 2,247 Utilities 1,151 873 3,194 2,444 Security 1,081 1,073 3,218 2,763 Accounting and professional fees 818 336 2,786 1,348 Repairs and maintenance 960 787 2,588 2,037 Other 2,242 944 5,163 3,025 Total selling, general and administrative expenses $ 19,572 $ 14,697 $ 56,495 $ 39,467 The components of other charges (gains), net are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Impairment of assets $ 1,722 $ 271 $ 1,722 $ 1,672 Settlement of lawsuits 132 127 709 280 Gain on disposal of businesses and assets (266) (541) (666) (455) Gain on insurance (87) — (408) (209) Other charges (gains), net $ 1,501 $ (143) $ 1,357 $ 1,288 The components of non-operating gains (losses), net are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Gain on debt extinguishment $ 53 $ — $ 138 $ 5,329 Unrealized gain (loss) on equity securities — 9 (1) (58) Other 74 — 74 85 Non-operating gains, net $ 127 $ 9 $ 211 $ 5,356

Debt

Debt	9 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	DebtOn October 12, 2021, we closed a debt financing transaction with 28 investors for unsecured promissory notes with a total principal amount of $17.0 million, all of which bear interest at a rate of 12% per annum. Of this amount, $9.5 million are promissory notes, payable interest only monthly (or quarterly) in arrears, with a final lump sum payment of principal and accrued and unpaid interest due on October 1, 2024. The remaining amount of the financing is $7.5 million in promissory notes, payable in monthly payments of principal and interest based on a 10-year amortization period, with the balance of the entire principal amount together with all accrued and unpaid interest due and payable in full on October 12, 2024. Included in the $17.0 million borrowing are two notes for $500,000 and $150,000 borrowed from related parties (see Note 12) and two notes for $500,000 and $300,000 borrowed from two non-officer employees in which the terms of the notes are the same as the rest of the lender group. The proceeds from this financing transaction was used as part of the cash payment on the October 18, 2021 acquisition (see Note 4) at closing. On October 18, 2021, in relation to an acquisition (see Note 4), the Company executed four seller-financed promissory notes. The first promissory note was a 10-year $11.0 million 6% secured note payable in 120 equal monthly payments of $122,123 in principal and interest. The second promissory note was a 20-year $8.0 million 6% secured note payable in 240 equal monthly payments of $57,314 in principal and interest. The third promissory note was a 10-year $1.2 million 5.25% note payable in monthly payments of $8,086 in principal and interest based on a 20-year amortization period, with the balance payable at maturity date. The fourth note was a 20-year $1.0 million 6% note payable in 240 equal monthly payments of $7,215 in principal and interest. On November 8, 2021, in relation to an acquisition (see Note 4), the Company executed a $1.0 million 7-year promissory note with an interest rate of 4.0% per annum. The note is payable $13,669 per month, including principal and interest. On January 25, 2022, the Company borrowed $18.7 million from a bank lender for working capital purposes by executing a 10-year promissory note with an initial interest rate of 5.25% per annum to be adjusted after five years to a rate equal to the weekly average yield on U.S. Treasury securities plus 3.98% with a floor of 5.25%. The note is payable in monthly payments of $126,265 in principal and interest to be adjusted after five years. The promissory note is secured by eleven real estate properties and is personally guaranteed by the Company CEO, Eric Langan (see Note 12). After the 10-year term, the remaining balance of principal and interest are payable at maturity date. There are certain financial covenants with which the Company is to be in compliance related to this loan, among which is to maintain a debt service coverage of not less than 1.4 times, reviewed annually. On March 1, 2022, the Company borrowed $2.6 million from a bank lender in relation to a purchase of real estate (see Note 4). The 21-year promissory note has an initial interest rate of 4.25% per annum, repriced after five years and then again annually to prime plus 1% with a floor rate of 4.25%. The note is payable interest only during the first 12 months; then the next 48 months with $16,338 equal monthly payments of principal and interest; then the next 191 months at an equal monthly payment based on a 20-year amortization; with the balance of principal and interest payable at the 252nd month. On May 2, 2022, in relation to a club acquisition (see Note 4), the Company executed two seller-financed notes totaling $11.0 million. On May 23, 2022, the Company borrowed $2.2 million from a bank lender in relation to a purchase of real estate (see Note 4). The 18-month promissory note has an initial interest rate of 4.5% per annum to be adjusted daily to a rate equal to the Wall Street Journal prime rate plus 1% with a floor of 4.5%. The promissory note is payable in 17 monthly interest-only installments with the full principal and accrued interest payable at maturity. The Company paid loan costs amounting to $25,000 for this note. Future maturities of long-term debt as of June 30, 2022 are as follows: $12.6 million, $10.4 million, $28.7 million, $8.2 million, $8.7 million and $121.3 million for the twelve months ending June 30, 2023, 2024, 2025, 2026, 2027, and thereafter, respectively. Of the maturity schedule mentioned above, $651,000, $2,195,000, $20.5 million, $0, $0 and $73.4 million, respectively, relate to scheduled balloon payments. Unamortized debt discount and issuance costs amounted to $1.9 million and $1.6 million as of June 30, 2022 and September 30, 2021, respectively. On July 21, 2022, the Company executed an $800,000 6% seller-financed promissory note in relation to an acquisition of a club in Odessa, Texas (see Note 4). The promissory note matures in seven years and is payable in 84 equal monthly installments of $11,687 of principal and interest.

Equity

Equity	9 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Equity	Equity On October 18, 2021, we partially paid for an acquisition using 500,000 shares of our common stock with a fair value of $30.4 million at issuance. See Note 4. On February 7, 2022, our board of directors approved the 2022 Stock Option Plan (the “2022 Plan”). The board’s adoption of the 2022 Plan is subject to approval of shareholders, and in the event that the 2022 Plan is not approved by the shareholders within one year of the date of adoption of the 2022 Plan by the board, or less than the required amount of votes of shareholders are received in favor of approval of the 2022 Plan at a duly held meeting of shareholders within one year of the board’s adoption of the 2022 Plan, then we will unwind and terminate the 2022 Plan, and all outstanding stock options granted under the 2022 Plan will be cancelled. The 2022 Plan provides that the maximum aggregate number of shares of common stock underlying options that may be granted under the 2022 Plan is 300,000. The options granted under the 2022 Plan may be either incentive stock options or non-qualified options. The 2022 Plan is administered by the compensation committee of the board of directors. The compensation committee has the exclusive power to select individuals to receive grants, to establish the terms of the options granted to each participant, provided that all options granted shall be granted at an exercise price not less than the fair market value of the common stock covered by the option on the grant date, and to make all determinations necessary or advisable under the 2022 Plan. On February 9, 2022, the board of directors approved a grant of 50,000 stock options each to six members of management subject to the approval of the 2022 Plan. On May 24, 2022, the Board of Directors approved a $25.0 million increase in the Company's share repurchase program. As of June 30, 2022, we have approximately $21.9 million remaining to purchase additional shares. Subsequent to the reporting date until August 5, 2022, the Company purchased 42,250 shares of its own common stock at a cost of $2.3 million.

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $3.8 million and $10.1 million during the three and nine months ended June 30, 2022, respectively, compared to $4.0 million and $5.5 million during the three and nine months ended June 30, 2021, respectively. The effective income tax expense rate was 21.3% and 22.1% for the three and nine months ended June 30, 2022, respectively, compared to 24.4% and 16.6% for the three and nine months ended June 30, 2021, respectively. Our effective income tax rate is affected by state taxes, permanent differences, and tax credits, including the FICA tip credit, for both years, and the change in the deferred tax asset valuation allowance and the impact of the forgiveness of the PPP loans in the prior period, as presented below. For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Federal statutory income tax expense 21.0 % 21.0 % 21.0 % 21.0 % State income taxes, net of federal benefit 2.9 % 4.8 % 2.9 % 4.9 % Permanent differences 0.4 % (0.1) % 0.4 % (3.7) % Change in valuation allowance — % — % — % (3.8) % Tax credits (3.2) % (1.2) % (2.8) % (1.8) % Other 0.1 % — % 0.5 % — % Total income tax expense 21.3 % 24.4 % 22.1 % 16.6 % The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various states. Fiscal year ended September 30, 2019 and subsequent years remain open to federal tax examination. The Company ordinarily goes through various federal and state reviews and examinations for various tax matters. On March 27, 2020, former President Trump signed the CARES Act into law. As a result of this, additional avenues of relief became available to workers and families through enhanced unemployment insurance provisions and to small businesses through programs administered by the Small Business Administration. The CARES Act included, among other

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Texas Patron Tax In 2015, the Company reached a settlement with the State of Texas over the payment of the state’s Patron Tax on adult club customers. To resolve the issue of taxes owed, the Company agreed to pay $10.0 million in equal monthly installments of $119,000, without interest, over 84 months, beginning in June 2015, for all but two non-settled locations. The Company agreed to remit the Patron Tax on a monthly basis, based on the current rate of $5 per customer. For accounting purposes, the Company discounted the $10.0 million at an imputed interest rate of 9.6%, establishing a net present value for the settlement of $7.2 million. As a consequence, the Company recorded an $8.2 million pre-tax gain for the third quarter ended June 30, 2015, representing the difference between the $7.2 million and the amount previously accrued for the tax. In March 2017, the Company settled with the State of Texas for one of the two remaining unsettled Patron Tax locations. To resolve the issue of taxes owed, the Company agreed to pay a total of $687,815 with $195,815 paid at the time the settlement agreement was executed followed by 60 equal monthly installments of $8,200 without interest. On April 20, 2022, the Company finally settled all of its remaining Patron Tax liability. The aggregate balance of Patron Tax settlement liability, which is included in long-term debt in the condensed consolidated balance sheets, amounted to $0 and $813,000 as of June 30, 2022 and September 30, 2021, respectively. A declaratory judgment action was brought by five operating subsidiaries of the Company to challenge a Texas Comptroller administrative rule related to the $5 per customer Patron Fee assessed against Sexually Oriented Businesses. An administrative rule attempted to expand the fee to cover venues featuring dancers using latex cover as well as traditional nude entertainment. The administrative rule was challenged on both constitutional and statutory grounds. On November 19, 2018, the Court issued an order that a key aspect of the administrative rule is invalid based on it exceeding the scope of the Comptroller’s authority. On March 6, 2020, the U.S. District Court for the Western District of Texas, Austin Division, ruled that the Texas Patron Fee is unconstitutional as it has been applied and enforced by the Comptroller. The State of Texas appealed to the Fifth Circuit Court of Appeals, who affirmed that the Texas Patron Fee is unconstitutional as applied. The State of Texas next sought review from the Supreme Court, but the high court declined to take the case. That lawsuit is now back before the trial court for post-trial proceedings but is final for purposes of determining the Texas Patron Fee is unconstitutional as applied to clubs featuring dancers using latex cover. Indemnity Insurance Corporation As previously reported, the Company and its subsidiaries were insured under a liability policy issued by Indemnity Insurance Corporation, RRG (“IIC”) through October 25, 2013. The Company and its subsidiaries changed insurance companies on that date. On November 7, 2013, the Court of Chancery of the State of Delaware entered a Rehabilitation and Injunction Order (“Rehabilitation Order”), which declared IIC impaired, insolvent and in an unsafe condition and placed IIC under the supervision of the Insurance Commissioner of the State of Delaware (“Commissioner”) in her capacity as receiver (“Receiver”). The Rehabilitation Order empowered the Commissioner to rehabilitate IIC through a variety of means, including gathering assets and marshaling those assets as necessary. Further, the order stayed or abated pending lawsuits involving IIC as the insurer until May 6, 2014. On April 10, 2014, the Court of Chancery of the State of Delaware entered a Liquidation and Injunction Order With Bar Date (“Liquidation Order”), which ordered the liquidation of IIC and terminated all insurance policies or contracts of insurance issued by IIC. The Liquidation Order further ordered that all claims against IIC must have been filed with the Receiver before the close of business on January 16, 2015 and that all pending lawsuits involving IIC as the insurer were further stayed or abated until October 7, 2014. As a result, the Company and its subsidiaries no longer had insurance coverage under the liability policy with IIC. The Company has retained counsel to defend against and evaluate these claims and lawsuits. We are funding 100% of the costs of litigation and will seek reimbursement from the bankruptcy receiver. The Company filed the appropriate claims against IIC with the Receiver before the January 16, 2015 deadline and has provided updates as requested; however, there are no assurances of any recovery from these claims. It is unknown at this time what effect this uncertainty will have on the Company. As previously stated, since October 25, 2013, the Company has obtained general liability coverage from other insurers, which have covered and/or will cover any claims arising from actions after that date. As of June 30, 2022, we have 1 remaining unresolved claim out of the original 71 claims. Shareholder Class and Derivative Actions In May and June 2019, three putative securities class action complaints were filed against RCI Hospitality Holdings, Inc. and certain of its officers in the Southern District of Texas, Houston Division. The complaints alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and 10b-5 promulgated thereunder based on alleged materially false and misleading statements made in the Company’s SEC filings and disclosures as they relate to various alleged transactions by the Company and management. The complaints sought unspecified damages, costs, and attorneys’ fees. These lawsuits were Hoffman v. RCI Hospitality Holdings, Inc., et al. (filed May 21, 2019, naming the Company and Eric Langan); Gu v. RCI Hospitality Holdings, Inc., et al. (filed May 28, 2019, naming the Company, Eric Langan, and Phil Marshall (who is no longer an officer of the Company)); and Grossman v. RCI Hospitality Holdings, Inc., et al. (filed June 28, 2019, naming the Company, Eric Langan, and Phil Marshall). The plaintiffs in all three cases moved to consolidate the purported class actions. On January 10, 2020 an order consolidating the Hoffman, Grossman, and Gu cases was entered by the Court. The consolidated case is styled In re RCI Hospitality Holdings, Inc., No. 4:19-cv-01841. On February 24, 2020, the plaintiffs in the consolidated case filed an Amended Class Action Complaint, continuing to allege violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and 10b-5 promulgated thereunder. In addition to naming the Company, Eric Langan, and Phil Marshall, the amended complaint also added former directors Nourdean Anakar and Steven Jenkins as defendants. On April 24, 2020, the Company and the individual defendants moved to dismiss the amended complaint for failure to state a claim upon which relief can be granted. On March 31, 2021, the court denied defendants’ motion to dismiss the lawsuit. On April 14, 2021, defendants filed their answer and affirmative defenses, denying liability as to all claims. On June 14, 2021, a scheduling order was entered in the case, setting January 9, 2023 as the trial date. On December 22, 2021, an amended scheduling order was entered, extending the trial date to April 7, 2023 and extending all other case deadlines. The Company vigorously defended against this action. In January 2022, the parties engaged in settlement discussions beginning with a formal mediation on January 13, 2022, which resulted in an agreement-in-principle to resolve the matter. On January 24, 2022, a Joint Notice of Settlement was filed. On April 15, 2022, counsel for Plaintiffs filed an Unopposed Motion for (I) Preliminary Approval of Class Action Settlement; (II) Certification of the Settlement Class; and (III) Approval of the Notice of Settlement. On April 28, 2022, the Court entered an Order preliminarily approving the Class Action Settlement and Notice. The Court set the final approval hearing for June 24, 2022. Plaintiffs sought to extend the hearing until August to comply with certain potential notice and related obligations to the purported class, and Defendants concurred with the request. On July 8, 2022, plaintiffs moved for final approval of the settlement and a hearing has been set for August 12, 2022. On January 21, 2022, Shiva Stein and Kevin McCarty filed a shareholder derivative action in the Southern District of Texas, Houston Division against former director Nourdean Anakar, Yura Barabash, former director Steven L. Jenkins, Eric Langan, Luke Lirot, former CFO Phillip K. Marshall, Elaine J. Martin, Allan Priaulx, and Travis Reese as defendants, as well as against RCI Hospitality Holdings, Inc. as nominal defendant. The action, styled Stein v. Anakar, et al. , No. 4:22- mc-00149 (S.D. Tex.), alleges claims for breach of fiduciary duty based on alleged dissemination of inaccurate information, alleged failure to maintain internal controls, and alleged failure to properly manage company property. This action is in its preliminary phase, and a potential loss cannot yet be estimated. These allegations are substantively similar to claims asserted in the class action and a prior derivative action that was dismissed in June of 2021. RCI intends to vigorously defend against the action. On April 2, 2022, the Company and its current and former officers and directors named in the shareholder derivative complaint filed their Motions to Dismiss and the derivative plaintiffs have responded. The Motions now have been fully briefed for the Court's consideration. Other On March 26, 2016, an image infringement lawsuit was filed in federal court in the Southern District of New York against the Company and several of its subsidiaries. Plaintiffs allege that their images were misappropriated, intentionally altered and published without their consent by clubs affiliated with the Company. The causes of action asserted in Plaintiffs’ Complaint include alleged violations of the Federal Lanham Act, the New York Civil Rights Act, and other statutory and common law theories. The Company contends that there is insurance coverage under an applicable insurance policy. The insurer has raised several issues regarding coverage under the policy. At this time, this disagreement remains unresolved. The Company has denied all allegations, continues to vigorously defend against the lawsuit and continues to believe the matter is covered by insurance. On June 23, 2014, Mark H. Dupray and Ashlee Dupray filed a lawsuit against Pedro Antonio Panameno and our subsidiary JAI Dining Services (Phoenix) Inc. (“JAI Phoenix”) in the Superior Court of Arizona for Maricopa County. The suit alleged that Mr. Panameno injured Mr. Dupray in a traffic accident after being served alcohol at an establishment operated by JAI Phoenix. The suit alleged that JAI Phoenix was liable under theories of common law dram shop negligence and dram shop negligence per se. After a jury trial proceeded to a verdict in favor of the plaintiffs against both defendants, in April 2017 the Court entered a judgment under which JAI Phoenix’s share of compensatory damages is approximately $1.4 million and its share of punitive damages is $4.0 million. In May 2017, JAI Phoenix filed a motion for judgment as a matter of law or, in the alternative, motion for new trial. The Court denied this motion in August 2017. In September 2017, JAI Phoenix filed a notice of appeal. In June 2018, the matter was heard by the Arizona Court of Appeals. On November 15, 2018 the Court of Appeals vacated the jury’s verdict and remanded the case to the trial court. It is anticipated that a new trial will occur at some point in the future. JAI Phoenix will continue to vigorously defend itself. As set forth in the risk factors as disclosed in our most recent Annual Report on Form 10-K, the adult entertainment industry standard is to classify adult entertainers as independent contractors, not employees. While we take steps to ensure that our adult entertainers are deemed independent contractors, from time to time, we are named in lawsuits related to the alleged misclassification of entertainers. Claims are brought under both federal and where applicable, state law. Based on the industry standard, the manner in which the independent contractor entertainers are treated at the clubs, and the entertainer license agreements governing the entertainer’s work at the clubs, the Company believes that these lawsuits are without merit. Lawsuits are handled by attorneys with an expertise in the relevant law and are defended vigorously. General In the regular course of business affairs and operations, we are subject to possible loss contingencies arising from third-party litigation and federal, state, and local environmental, labor, health and safety laws and regulations. We assess the probability that we could incur liability in connection with certain of these lawsuits. Our assessments are made in accordance with generally accepted accounting principles, as codified in ASC 450-20, and is not an admission of any liability on the part of the Company or any of its subsidiaries. In certain cases that are in the early stages and in light of the uncertainties surrounding them, we do not currently possess sufficient information to determine a range of reasonably possible liability. In matters where there is insurance coverage, in the event we incur any liability, we believe it is unlikely we would incur losses in connection with these claims in excess of our insurance coverage. Settlements of lawsuits for the three and nine months ended June 30, 2022 amount to approximately $132,000 and $709,000, respectively, and for the three and nine months ended June 30, 2021 amount to approximately $127,000 and $280,000, respectively. As of June 30, 2022 and September 30, 2021, the Company has accrued $181,000 and $378,000 in accrued liabilities, respectively, related to settlement of lawsuits.

Segment Information

Segment Information	9 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The Company owns and operates adult nightclubs and Bombshells Restaurants and Bars. The Company has identified such 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 unaudited condensed consolidated financial statements. Below is the financial information related to the Company’s segments (in thousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Revenues (from external customers) Nightclubs $ 54,684 $ 41,031 $ 149,639 $ 97,015 Bombshells 15,789 16,077 45,893 42,218 Other 241 752 710 1,084 $ 70,714 $ 57,860 $ 196,242 $ 140,317 Income (loss) from operations Nightclubs $ 22,459 $ 18,350 $ 60,321 $ 37,313 Bombshells 3,065 4,404 9,335 10,263 Other (82) 321 (159) 107 General corporate (4,935) (4,568) (15,998) (12,752) $ 20,507 $ 18,507 $ 53,499 $ 34,931 Depreciation and amortization Nightclubs $ 1,880 $ 1,380 $ 5,633 $ 4,117 Bombshells 449 459 1,332 1,377 Other 6 8 19 80 General corporate 230 210 652 623 $ 2,565 $ 2,057 $ 7,636 $ 6,197 Capital expenditures Nightclubs $ 1,678 $ 2,479 $ 12,568 $ 5,810 Bombshells 1,188 1,329 3,393 4,584 Other 145 — 693 1 General corporate 172 262 519 393 $ 3,183 $ 4,070 $ 17,173 $ 10,788 June 30, 2022 September 30, 2021 Total assets Nightclubs $ 409,251 $ 280,561 Bombshells 57,483 52,073 Other 2,622 1,573 General corporate 32,823 30,412 $ 502,179 $ 364,619 Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended June 30, 2022 amounting to $3.4 million and $31,000, respectively, and for the nine months ended June 30, 2022 amounting to $9.9 million and $231,000, respectively, and intercompany sales of Robust Energy Drink included in Other segment for the three and nine months ended June 30, 2022 amounting to $42,000 and $164,000, respectively. Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended June 30, 2021 amounting to $2.8 million and $32,000, respectively, and for the nine months ended June 30, 2021 amounting to $8.4 million and $173,000, respectively, and intercompany sales of Robust Energy Drink included in Other segment for the three and nine months ended June 30, 2021 amounting to $20,000 and $95,000, respectively. These intercompany revenue amounts are eliminated upon consolidation. 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.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Presently, our Chairman and President, Eric Langan, personally guarantees all of the commercial bank indebtedness of the Company. Mr. Langan receives no compensation or other direct financial benefit for any of the guarantees. The balance of our commercial bank indebtedness, net of debt discount and issuance costs, as of June 30, 2022 and September 30, 2021, was $116.5 million and $99.7 million, respectively. Included in the $17.0 million borrowing on October 12, 2021 (see Note 7) are notes borrowed from related parties—one note for $500,000 (Ed Anakar, an employee of the Company and brother of our former director Nourdean Anakar) and another note for $150,000 (from a brother of Company CFO, Bradley Chhay) in which the terms of the notes are the same as the rest of the lender group. We used the services of Nottingham Creations, and previously Sherwood Forest Creations, LLC, both furniture fabrication companies that manufacture tables, chairs and other furnishings for our Bombshells locations, as well as providing ongoing maintenance. Nottingham Creations is owned by a brother of Eric Langan (as was Sherwood Forest). Amounts billed to us for goods and services provided by Nottingham Creations and Sherwood Forest were $42,093 and $69,242 during the three and nine months ended June 30, 2022, respectively, and $3,182 and $118,092 during the three and nine months ended June 30, 2021, respectively. As of June 30, 2022 and September 30, 2021, we owed Nottingham Creations and Sherwood Forest $12,093 and $12,205, respectively, in unpaid billings. TW Mechanical LLC provided plumbing and HVAC services to both a third-party general contractor providing construction services to the Company, as well as directly to the Company during fiscal 2022 and 2021. A son-in-law of Eric Langan owns a 50% interest in TW Mechanical. Amounts billed by TW Mechanical to the third-party general contractor were $0 and $3,809 for the three and nine months ended June 30, 2022, respectively, and $0 and $0 for the three and nine months ended June 30, 2021, respectively. Amounts billed directly to the Company were $16,500 and $101,200 for the three and nine months ended June 30, 2022, respectively, and $325,425 and $388,176 for the three and nine months

Leases

Leases	9 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases The Company leases certain facilities and equipment under operating leases. In relation to an acquisition that was completed on October 18, 2021 (see Note 4), the Company entered into leases with third parties for certain clubs where the real estate locations were not part of the acquisition. Total lease expense included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income for the three and nine months ended June 30, 2022 and 2021 is as follows (in thousands): Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Operating lease expense – fixed payments $ 1,215 $ 828 $ 3,482 $ 2,485 Variable lease expense 404 47 971 155 Short-term and other lease expense (includes $53 and $73 recorded in advertising and marketing for the three months ended June 30, 2022 and 2021, respectively, and $183 and $232 for the nine months ended June 30, 2022 and 2021, respectively; and $120 and $106 recorded in repairs and maintenance for the three months ended June 30, 2022 and 2021, respectively, and $310 and $310 for the nine months ended June 30, 2022 and 2021, respectively; see Note 6) 290 296 988 843 Sublease income (1) (2) (4) (5) Total lease expense, net $ 1,908 $ 1,169 $ 5,437 $ 3,478 Other information: Operating cash outflows from operating leases $ 1,855 $ 1,147 $ 5,294 $ 3,400 Weighted average remaining lease term – operating leases 11 years 12 years Weighted average discount rate – operating leases 5.6 % 6.0 % Future maturities of operating lease liabilities as of June 30, 2022 are as follows (in thousands): Principal Payments Interest Payments Total Payments July 2022 - June 2023 $ 2,730 $ 2,141 $ 4,871 July 2023 - June 2024 2,952 1,979 4,931 July 2024 - June 2025 3,194 1,808 5,002 July 2025 - June 2026 3,457 1,622 5,079 July 2026 - June 2027 3,569 1,423 4,992 Thereafter 23,547 5,571 29,118 $ 39,449 $ 14,544 $ 53,993

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of PresentationThe accompanying unaudited condensed consolidated financial statements of RCI Hospitality Holdings, Inc. (the “Company,” “RCIHH,” “we,” or “us”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q of Regulation S-X. They do not include all information and footnotes required by GAAP for complete financial statements. The September 30, 2021 consolidated balance sheet data were derived from audited financial statements but do not include all disclosures required by GAAP. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the consolidated financial statements for the year ended September 30, 2021 included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on December 14, 2021. The interim unaudited condensed consolidated financial statements should be read in conjunction with those consolidated financial statements included in the Form 10-K. In the opinion of management, all adjustments considered necessary for a fair statement of the financial statements, consisting solely of normal recurring adjustments, have been made. Operating results for the three and nine months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending September 30, 2022
Recent Accounting Standards and Pronouncements	Recent Accounting Standards and Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . This ASU simplifies accounting for income taxes by removing the following exceptions: (1) exception to the incremental approach for intraperiod tax allocation, (2) exceptions to accounting for basis differences when there are ownership changes in foreign investments, and (3) exception in interim period income tax accounting for year-to-date losses that exceed anticipated losses. The ASU also improves financial statement preparers’ application of income tax related guidance for franchise taxes that are partially based on income; transactions with a government that result in a step up in the tax basis of goodwill; separate financial statements of legal entities that are not subject to tax; and enacted changes in tax laws in interim periods. The ASU is effective for public business entities for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted for public business entities for periods for which financial statements have not been issued. An entity that elects early adoption in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally, an entity that elects early adoption should adopt all the amendments in the same period. We adopted ASU 2019-12 on October 1, 2021. Our adoption of this update did not have a significant impact on our consolidated financial statements. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . This ASU amends ASC 805 to require acquiring entities to apply ASC 606 to recognize and measure contract assets and contract liabilities in business combinations. The ASU is effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We are still evaluating the impact of this ASU but we do not expect it to have a material impact on our consolidated financial statements.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	9 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Preliminary Fair Value of Consideration	The preliminary fair value of the consideration transferred is as follows (in thousands): Cash $ 36,800 Notes payable 21,200 Common stock 30,362 Total consideration fair value $ 88,362 The preliminary fair value of the consideration transferred is as follows (in thousands) as of May 2, 2022: Cash $ 5,000 Notes payable 11,000 Total consideration fair value $ 16,000
Schedule of Allocation of Fair Value of the Acquisition Price	The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of October 18, 2021: Current assets $ 386 Property and equipment 19,534 Licenses 50,080 Tradenames 7,460 Deferred tax liability (2,903) Total net assets acquired 74,557 Goodwill 13,805 Acquisition price fair value $ 88,362 Current assets $ 172 Property and equipment 5,336 Licenses 4,510 Tradenames 1,110 Deferred tax liability (2,443) Total net assets acquired 8,685 Goodwill 7,315 Acquisition price fair value $ 16,000
Schedule of Unaudited Pro Forma Combined Results of Operations	The following table presents the unaudited pro forma combined results of operations of the Company and the eleven acquired clubs and related assets as though the acquisition occurred at the beginning of fiscal 2021 (in thousands, except per share amounts and number of shares): For the Three Months Ended June 30, For the Nine Months Ended June 30, 2022 2021 2022 2021 Pro forma revenues $ 70,714 $ 64,407 $ 197,968 $ 155,184 Pro forma net income attributable to RCIHH common stockholders $ 13,931 $ 13,745 $ 34,876 $ 29,252 Pro forma earnings per share – basic and diluted $ 1.48 $ 1.45 $ 3.70 $ 3.08 Pro forma weighted average number of common shares outstanding 9,389,675 9,499,910 9,428,461 9,506,373

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Segment Revenues	Revenues, as disaggregated by revenue type, timing of recognition, and reportable segment (see also Note 11), are shown below (in thousands): Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Nightclubs Bombshells Other Total Nightclubs Bombshells Other Total Sales of alcoholic beverages $ 21,061 $ 8,677 $ — $ 29,738 $ 16,130 $ 8,962 $ — $ 25,092 Sales of food and merchandise 4,639 6,935 — 11,574 5,062 6,996 — 12,058 Service revenues 25,287 157 — 25,444 16,772 108 — 16,880 Other revenues 3,697 20 241 3,958 3,067 11 752 3,830 $ 54,684 $ 15,789 $ 241 $ 70,714 $ 41,031 $ 16,077 $ 752 $ 57,860 Recognized at a point in time $ 54,320 $ 15,777 $ 241 $ 70,338 $ 40,599 $ 16,075 $ 751 $ 57,425 Recognized over time 364 * 12 — 376 432 * 2 1 435 $ 54,684 $ 15,789 $ 241 $ 70,714 $ 41,031 $ 16,077 $ 752 $ 57,860 Nine Months Ended June 30, 2022 Nine Months Ended June 30, 2021 Nightclubs Bombshells Other Total Nightclubs Bombshells Other Total Sales of alcoholic beverages $ 57,901 $ 25,603 $ — $ 83,504 $ 38,398 $ 24,327 $ — $ 62,725 Sales of food and merchandise 13,726 19,902 — 33,628 12,567 17,638 — 30,205 Service revenues 67,472 349 — 67,821 38,216 226 — 38,442 Other revenues 10,540 39 710 11,289 7,834 27 1,084 8,945 $ 149,639 $ 45,893 $ 710 $ 196,242 $ 97,015 $ 42,218 $ 1,084 $ 140,317 Recognized at a point in time $ 148,386 $ 45,879 $ 709 $ 194,974 $ 95,816 $ 42,215 $ 1,080 $ 139,111 Recognized over time 1,253 * 14 1 1,268 1,199 * 3 4 1,206 $ 149,639 $ 45,893 $ 710 $ 196,242 $ 97,015 $ 42,218 $ 1,084 $ 140,317 * Lease revenue (included in Other Revenues) as covered by ASC 842. All other revenues are covered by ASC 606.
Schedule of Reconciliation of Contract Liabilities with Customers	A reconciliation of contract liabilities with customers is presented below (in thousands): Balance at September 30, 2021 Consideration Recognized in Balance at June 30, 2022 Ad revenue $ 84 $ 530 $ (480) $ 134 Expo revenue 151 306 — 457 Other (including franchise fees) 119 16 (5) 130 $ 354 $ 852 $ (485) $ 721

Selected Account Information (T

Selected Account Information (Tables)	9 Months Ended
	Jun. 30, 2022
Selected Account Information [Abstract]
Schedule of Accounts Receivable, Net	The components of accounts receivable, net are as follows (in thousands): June 30, 2022 September 30, 2021 Credit card receivables $ 1,800 $ 1,447 Income tax refundable 741 4,472 Insurance receivable 78 185 ATM in-transit 433 277 Other (net of allowance for doubtful accounts of $19 and $382, respectively) 903 1,189 Total accounts receivable, net $ 3,955 $ 7,570
Schedule of Components of Prepaid Expenses and Other Current Assets	The components of prepaid expenses and other current assets are as follows (in thousands): June 30, 2022 September 30, 2021 Prepaid insurance $ 2,562 $ 277 Prepaid legal 77 112 Prepaid taxes and licenses 581 380 Prepaid rent 387 309 Other 868 850 Total prepaid expenses and other current assets $ 4,475 $ 1,928
Schedule of Reconciliation of Goodwill	A reconciliation of goodwill as of June 30, 2022 and September 30, 2021 is as follows (in thousands): Gross Accumulated Impairment Net Balance at September 30, 2021 $ 59,967 $ 20,588 $ 39,379 Acquisitions (see Note 4) 22,420 — 22,420 Impairment (see Note 3) — 400 (400) Balance at June 30, 2022 $ 82,387 $ 20,988 $ 61,399
Schedule of Impaired Intangible Assets	The components of intangible assets, net are as follows (in thousands): June 30, 2022 September 30, 2021 Indefinite-lived: Licenses $ 119,483 $ 65,186 Trademarks 10,785 2,215 Domain names 23 23 Definite-lived: Noncompete agreements 70 182 Discounted leases 80 86 Software 144 132 Total intangible assets, net $ 130,585 $ 67,824
Schedule of Accrued Liabilities	The components of accrued liabilities are as follows (in thousands): June 30, 2022 September 30, 2021 Insurance $ 2,193 $ 54 Sales and liquor taxes 2,024 2,261 Payroll and related costs 3,553 3,220 Property taxes 1,710 2,178 Interest 472 145 Patron tax 429 452 Unearned revenues 721 354 Lawsuit settlement 181 378 Other 1,605 1,361 Total accrued liabilities $ 12,888 $ 10,403
Schedule of Selling, General and Administrative Expenses	The components of selling, general and administrative expenses are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Taxes and permits $ 2,418 $ 2,345 $ 7,015 $ 6,457 Advertising and marketing 2,460 1,929 7,091 4,502 Supplies and services 2,068 1,701 6,223 4,417 Insurance 2,481 1,474 7,357 4,358 Legal 328 1,255 2,286 2,928 Lease 1,736 992 4,948 2,941 Charge card fees 1,829 988 4,626 2,247 Utilities 1,151 873 3,194 2,444 Security 1,081 1,073 3,218 2,763 Accounting and professional fees 818 336 2,786 1,348 Repairs and maintenance 960 787 2,588 2,037 Other 2,242 944 5,163 3,025 Total selling, general and administrative expenses $ 19,572 $ 14,697 $ 56,495 $ 39,467
Schedule of Components of Other Charges (Gains)	The components of other charges (gains), net are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Impairment of assets $ 1,722 $ 271 $ 1,722 $ 1,672 Settlement of lawsuits 132 127 709 280 Gain on disposal of businesses and assets (266) (541) (666) (455) Gain on insurance (87) — (408) (209) Other charges (gains), net $ 1,501 $ (143) $ 1,357 $ 1,288
Schedule of Components of Non-Operating Gains (Losses), Net	The components of non-operating gains (losses), net are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Gain on debt extinguishment $ 53 $ — $ 138 $ 5,329 Unrealized gain (loss) on equity securities — 9 (1) (58) Other 74 — 74 85 Non-operating gains, net $ 127 $ 9 $ 211 $ 5,356

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Our effective income tax rate is affected by state taxes, permanent differences, and tax credits, including the FICA tip credit, for both years, and the change in the deferred tax asset valuation allowance and the impact of the forgiveness of the PPP loans in the prior period, as presented below. For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Federal statutory income tax expense 21.0 % 21.0 % 21.0 % 21.0 % State income taxes, net of federal benefit 2.9 % 4.8 % 2.9 % 4.9 % Permanent differences 0.4 % (0.1) % 0.4 % (3.7) % Change in valuation allowance — % — % — % (3.8) % Tax credits (3.2) % (1.2) % (2.8) % (1.8) % Other 0.1 % — % 0.5 % — % Total income tax expense 21.3 % 24.4 % 22.1 % 16.6 %

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Below is the financial information related to the Company’s segments (in thousands): For the Three Months Ended For the Nine Months Ended 2022 2021 2022 2021 Revenues (from external customers) Nightclubs $ 54,684 $ 41,031 $ 149,639 $ 97,015 Bombshells 15,789 16,077 45,893 42,218 Other 241 752 710 1,084 $ 70,714 $ 57,860 $ 196,242 $ 140,317 Income (loss) from operations Nightclubs $ 22,459 $ 18,350 $ 60,321 $ 37,313 Bombshells 3,065 4,404 9,335 10,263 Other (82) 321 (159) 107 General corporate (4,935) (4,568) (15,998) (12,752) $ 20,507 $ 18,507 $ 53,499 $ 34,931 Depreciation and amortization Nightclubs $ 1,880 $ 1,380 $ 5,633 $ 4,117 Bombshells 449 459 1,332 1,377 Other 6 8 19 80 General corporate 230 210 652 623 $ 2,565 $ 2,057 $ 7,636 $ 6,197 Capital expenditures Nightclubs $ 1,678 $ 2,479 $ 12,568 $ 5,810 Bombshells 1,188 1,329 3,393 4,584 Other 145 — 693 1 General corporate 172 262 519 393 $ 3,183 $ 4,070 $ 17,173 $ 10,788 June 30, 2022 September 30, 2021 Total assets Nightclubs $ 409,251 $ 280,561 Bombshells 57,483 52,073 Other 2,622 1,573 General corporate 32,823 30,412 $ 502,179 $ 364,619

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Lease Expense	Total lease expense included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income for the three and nine months ended June 30, 2022 and 2021 is as follows (in thousands): Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Operating lease expense – fixed payments $ 1,215 $ 828 $ 3,482 $ 2,485 Variable lease expense 404 47 971 155 Short-term and other lease expense (includes $53 and $73 recorded in advertising and marketing for the three months ended June 30, 2022 and 2021, respectively, and $183 and $232 for the nine months ended June 30, 2022 and 2021, respectively; and $120 and $106 recorded in repairs and maintenance for the three months ended June 30, 2022 and 2021, respectively, and $310 and $310 for the nine months ended June 30, 2022 and 2021, respectively; see Note 6) 290 296 988 843 Sublease income (1) (2) (4) (5) Total lease expense, net $ 1,908 $ 1,169 $ 5,437 $ 3,478 Other information: Operating cash outflows from operating leases $ 1,855 $ 1,147 $ 5,294 $ 3,400 Weighted average remaining lease term – operating leases 11 years 12 years Weighted average discount rate – operating leases 5.6 % 6.0 %
Schedule of Future Maturities of Lease Liabilities	Future maturities of operating lease liabilities as of June 30, 2022 are as follows (in thousands): Principal Payments Interest Payments Total Payments July 2022 - June 2023 $ 2,730 $ 2,141 $ 4,871 July 2023 - June 2024 2,952 1,979 4,931 July 2024 - June 2025 3,194 1,808 5,002 July 2025 - June 2026 3,457 1,622 5,079 July 2026 - June 2027 3,569 1,423 4,992 Thereafter 23,547 5,571 29,118 $ 39,449 $ 14,544 $ 53,993

Ongoing Impact of COVID-19 Pa_2

Ongoing Impact of COVID-19 Pandemic and Potential Economic Slowdown (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Indefinite-lived Intangible Assets [Line Items]
Impairment of assets	$ 1,722	$ 271	$ 1,722	$ 1,672
Goodwill impairment			400
Long-lived assets impairment			1,000
SOB License
Indefinite-lived Intangible Assets [Line Items]
Intangible asset impairment			293
One Club
Indefinite-lived Intangible Assets [Line Items]
Long-lived assets impairment			379
One Bombsheels
Indefinite-lived Intangible Assets [Line Items]
Long-lived assets impairment			$ 650

Acquisitions and Dispositions -

Acquisitions and Dispositions - Narrative (Details)

1 Months Ended

2 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Jul. 27, 2022 USD ($) monthlyInstallment note

Jul. 21, 2022 USD ($) monthlyInstallment

Jul. 12, 2022 USD ($) property

May 23, 2022 USD ($)

May 17, 2022 USD ($)

May 02, 2022 USD ($) note

Mar. 23, 2022 USD ($)

Mar. 01, 2022 USD ($)

Jan. 25, 2022 USD ($)

Dec. 30, 2021 USD ($) club

Nov. 08, 2021 USD ($)

Oct. 18, 2021 USD ($) asset_purchase_agreement note property stock_purchase_agreement club entity shares

Oct. 08, 2021 USD ($) club

Oct. 06, 2021 USD ($)

Nov. 30, 2021 USD ($)

Mar. 31, 2017 monthlyInstallment

Jun. 30, 2022 USD ($)

Jun. 30, 2022 USD ($)

Dec. 31, 2021 USD ($)

Jun. 30, 2021 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Sep. 30, 2021 USD ($)

Business Acquisition [Line Items]

Land available-for-sale

$ 1,900,000

$ 3,000,000

Proceeds from sale of property held-for-sale

2,100,000

$ 300,000

3,200,000

Financing receivable

$ 2,700,000

Receivable percentage

7%

Notes receivable, term

8 years

Notes receivables, monthly installment

$ 21,544

Number of clubs sold | club

1

Number of clubs acquired | club

11

Number of real estate properties acquired | property

6

Number of asset purchase agreements | asset_purchase_agreement

9

Number of stock purchase agreements | stock_purchase_agreement

2

Number of club-owning entities | entity

2

Number of seller-financed notes | note

2

4

Stock issued during period, shares, acquisitions (in shares) | shares

500,000

Goodwill

$ 61,399,000

$ 61,399,000

$ 61,399,000

$ 39,379,000

Total revenues

70,714,000

$ 57,860,000

196,242,000

$ 140,317,000

Income (loss) from operations

20,507,000

18,507,000

53,499,000

34,931,000

Number of private lender group notes | note

28

Debt instrument, term

7 years

Debt instrument, interest rate, stated percentage

4%

Debt instrument, face amount

$ 1,000,000

Portion of proceeds from sale of property used to pay off the loan related to the property

$ 1,600,000

$ 816,000

Number of monthly installments | monthlyInstallment

60

Debt instrument, periodic payment, principal

$ 85,000

Period from closing date of stock purchase agreement that promissory note may be canceled due to regulatory changes

10 years

Subsequent Event

Business Acquisition [Line Items]

Portion of proceeds from sale of property used to pay off the loan related to the property

$ 2,100,000

Proceeds from sale of real estate

$ 6,000,000

Number of properties sold by eminent domain | property

1

Rental properties carrying value

$ 4,900,000

Lease termination fee

$ 250,000

Disposal Group, Disposed of by Sale, Not Discontinued Operations

Business Acquisition [Line Items]

Proceeds from sale of property held-for-sale

1,700,000

Property classified as held-for sale

$ 1,100,000

Notes Payable to Banks

Business Acquisition [Line Items]

Debt instrument, term

18 months

21 years

10 years

Debt instrument, face amount

$ 2,200,000

$ 2,600,000

$ 18,700,000

Debt instrument, periodic payment, principal

$ 16,338

$ 126,265

Amortization period of interest

20 years

Notes Payable to Banks | Subsequent Event

Business Acquisition [Line Items]

Number of seller-financed notes | note

2

Real Estate in Stafford, Texas

Business Acquisition [Line Items]

Payments to acquire real estate

$ 3,500,000

Real Estate in Lubbock, Texas

Business Acquisition [Line Items]

Payments to acquire real estate

$ 400,000

Real Estate in Rowlett, Texas

Business Acquisition [Line Items]

Payments to acquire real estate

$ 3,300,000

Seven-Year Promissory Note

Business Acquisition [Line Items]

Debt instrument, interest rate, stated percentage

4%

Debt instrument, periodic payment

$ 13,669,000

Gentlemen's Clubs, Related Real Estate Property, and Intellectual Property

Business Acquisition [Line Items]

Business combination, consideration transferred

$ 88,000,000

Preliminary fair value of acquisition

88,362,000

Payments to acquire businesses

36,800,000

Goodwill

13,805,000

Recognized goodwill deductible for tax purposes

9,300,000

Business combination, acquisition related costs

403,000

7,000

$ 30,000

241,000

$ 42,000

162,000

Property and equipment

19,534,000

Notes payable

$ 21,200,000

Gentlemen's Clubs, Related Real Estate Property, and Intellectual Property | Common Stock

Business Acquisition [Line Items]

Stock issued during period, shares, acquisitions (in shares) | shares

500,000

Gentlemen's Clubs, Related Real Estate Property, and Intellectual Property | Seller Financed Notes

Business Acquisition [Line Items]

Consideration transferred, other

$ 21,200,000

Two Club-Owning Entities

Business Acquisition [Line Items]

Percentage of voting interests acquired

100%

Gentlemen's Clubs

Business Acquisition [Line Items]

Total revenues

10,300,000

24,700,000

Income (loss) from operations

3,600,000

7,300,000

Club and Related Real Estate in Newburgh, New York

Business Acquisition [Line Items]

Business combination, consideration transferred

3,500,000

Payments to acquire businesses

2,500,000

Goodwill

1,300,000

Recognized goodwill deductible for tax purposes

1,300,000

Business combination, acquisition related costs

$ 10,000

21,000

$ 11,000

Total revenues

433,000

1,146,000

Income (loss) from operations

(5,000)

(29,000)

Property and equipment

2,000,000

Purchase price allocated to tangible assets

200,000

Club and Related Real Estate in Newburgh, New York | Seller Financed Notes

Business Acquisition [Line Items]

Consideration transferred, other

$ 1,000,000

Club and Related Real Estate in Newburgh, New York | Seven-Year Promissory Note

Business Acquisition [Line Items]

Debt instrument, term

7 years

Club in South Florida

Business Acquisition [Line Items]

Number of real estate properties acquired | club

1

Payments to acquire businesses

$ 7,000,000

Club in Miami, Florida

Business Acquisition [Line Items]

Business combination, consideration transferred

$ 16,000,000

Preliminary fair value of acquisition

16,000,000

Payments to acquire businesses

5,000,000

Goodwill

7,315,000

Business combination, acquisition related costs

$ 8,000

$ 8,000

Total revenues

1,100,000

Income (loss) from operations

$ 497,000

Property and equipment

5,336,000

Notes payable

11,000,000

Club in Miami, Florida - Real Estate Property

Business Acquisition [Line Items]

Business combination, consideration transferred

3,000,000

Club in Miami, Florida - Adult Entertainment Business

Business Acquisition [Line Items]

Business combination, consideration transferred

$ 13,000,000

Percentage of voting interests acquired

100%

Payments to acquire businesses

$ 2,000,000

Club in Miami, Florida - Adult Entertainment Business | 10% Three-Year Promissory Note | Notes Payable to Banks

Business Acquisition [Line Items]

Debt instrument, term

3 years

Debt instrument, interest rate, stated percentage

10%

Notes payable

$ 6,000,000

Number of monthly installments

35

Debt instrument, periodic payment, principal

$ 79,290

Amortization period of interest

10 years

Club in Miami, Florida - Adult Entertainment Business | 10% Ten-Year Interest Only Promissory Note | Notes Payable to Banks

Business Acquisition [Line Items]

Debt instrument, term

10 years

Debt instrument, interest rate, stated percentage

10%

Notes payable

$ 5,000,000

Number of monthly installments

119

Debt instrument, periodic payment, principal

$ 41,667

Balloon payment to be paid

$ 5,000,000

Club In Odessa, Texas | Subsequent Event

Business Acquisition [Line Items]

Business combination, consideration transferred

$ 1,800,000

Club In Odessa, Texas - Real Estate Property | Subsequent Event

Business Acquisition [Line Items]

Business combination, consideration transferred

1,000,000

Payments to acquire real estate

1,000,000

Club in Odessa, Texas - Adult Entertainment Business | Subsequent Event

Business Acquisition [Line Items]

Business combination, consideration transferred

$ 800,000

Club in Odessa, Texas - Adult Entertainment Business | 6% Seller-Financed Promissory Note | Notes Payable to Banks | Subsequent Event

Business Acquisition [Line Items]

Debt instrument, term

7 years

Debt instrument, interest rate, stated percentage

6%

Debt instrument, periodic payment

$ 11,687

Debt instrument, face amount

$ 800,000

Number of monthly installments | monthlyInstallment

84

Club in Hallandale Beach, Florida | Subsequent Event

Business Acquisition [Line Items]

Business combination, consideration transferred

$ 25,000,000

Percentage of voting interests acquired

100%

Club in Hallandale Beach - Adult Entertainment Business | Subsequent Event

Business Acquisition [Line Items]

Payments to acquire businesses

$ 10,000,000

Consideration transferred, stock purchase agreement

$ 20,000,000

Club in Hallandale Beach - Adult Entertainment Business | 6% Ten-Year Promissory Note | Notes Payable to Banks | Subsequent Event

Business Acquisition [Line Items]

Debt instrument, term

10 years

Debt instrument, interest rate, stated percentage

6%

Debt instrument, periodic payment

$ 111,020

Debt instrument, face amount

$ 10,000,000

Number of monthly installments | monthlyInstallment

120

Club in Hallandale Beach - Real Estate Property | Subsequent Event

Business Acquisition [Line Items]

Consideration transferred, asset purchase agreement

$ 5,000,000

Club in Hallandale Beach - Real Estate Property | 6% Ten-Year Promissory Note | Notes Payable to Banks | Subsequent Event

Business Acquisition [Line Items]

Debt instrument, term

10 years

Debt instrument, interest rate, stated percentage

6%

Debt instrument, periodic payment

$ 55,510

Debt instrument, face amount

$ 5,000,000

Number of monthly installments | monthlyInstallment

120

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule of Preliminary Fair Value of Consideration (Details) - USD ($) $ in Thousands	May 02, 2022	Oct. 18, 2021
Gentlemen's Clubs, Related Real Estate Property, and Intellectual Property
Business Acquisition [Line Items]
Cash		$ 36,800
Notes payable		21,200
Common stock		30,362
Total consideration fair value		$ 88,362
Club in Miami, Florida
Business Acquisition [Line Items]
Cash	$ 5,000
Notes payable	11,000
Total consideration fair value	$ 16,000

Acquisitions and Dispositions_3

Acquisitions and Dispositions - Schedule of Allocation of Fair Value of the Acquisition Price (Details) - USD ($) $ in Thousands	Jun. 30, 2022	May 02, 2022	Oct. 18, 2021	Sep. 30, 2021
Business Acquisition [Line Items]
Goodwill	$ 61,399			$ 39,379
Gentlemen's Clubs, Related Real Estate Property, and Intellectual Property
Business Acquisition [Line Items]
Current assets			$ 386
Property and equipment			19,534
Licenses			50,080
Tradenames			7,460
Deferred tax liability			(2,903)
Total net assets acquired			74,557
Goodwill			13,805
Acquisition price fair value			$ 88,362
Club in Miami, Florida
Business Acquisition [Line Items]
Current assets		$ 172
Property and equipment		5,336
Licenses		4,510
Tradenames		1,110
Deferred tax liability		(2,443)
Total net assets acquired		8,685
Goodwill		7,315
Acquisition price fair value		$ 16,000

Acquisitions and Dispositions_4

Acquisitions and Dispositions - Schedule of Unaudited Pro Forma Combined Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Pro forma revenues	$ 70,714	$ 64,407	$ 197,968	$ 155,184
Pro forma net income attributable to RCIHH common stockholders	$ 13,931	$ 13,745	$ 34,876	$ 29,252
Pro forma earnings per share – basic (in dollars per share)	$ 1.48	$ 1.45	$ 3.70	$ 3.08
Pro forma earnings per share – diluted (in dollars per share)	$ 1.48	$ 1.45	$ 3.70	$ 3.08
Pro forma weighted average number of common shares outstanding - basic (in shares)	9,389,675	9,499,910	9,428,461	9,506,373
Pro forma weighted average number of common shares outstanding - diluted (in shares)	9,389,675	9,499,910	9,428,461	9,506,373

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregation of Segment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 70,714	$ 57,860	$ 196,242	$ 140,317
Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	70,338	57,425	194,974	139,111
Recognized over time
Disaggregation of Revenue [Line Items]
Total revenues	376	435	1,268	1,206
Sales of alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	29,738	25,092	83,504	62,725
Sales of food and merchandise
Disaggregation of Revenue [Line Items]
Total revenues	11,574	12,058	33,628	30,205
Service revenues
Disaggregation of Revenue [Line Items]
Total revenues	25,444	16,880	67,821	38,442
Other revenues
Disaggregation of Revenue [Line Items]
Total revenues	3,958	3,830	11,289	8,945
Nightclubs
Disaggregation of Revenue [Line Items]
Total revenues	54,684	41,031	149,639	97,015
Nightclubs | Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	54,320	40,599	148,386	95,816
Nightclubs | Recognized over time
Disaggregation of Revenue [Line Items]
Total revenues	364	432	1,253	1,199
Nightclubs | Sales of alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	21,061	16,130	57,901	38,398
Nightclubs | Sales of food and merchandise
Disaggregation of Revenue [Line Items]
Total revenues	4,639	5,062	13,726	12,567
Nightclubs | Service revenues
Disaggregation of Revenue [Line Items]
Total revenues	25,287	16,772	67,472	38,216
Nightclubs | Other revenues
Disaggregation of Revenue [Line Items]
Total revenues	3,697	3,067	10,540	7,834
Bombshells
Disaggregation of Revenue [Line Items]
Total revenues	15,789	16,077	45,893	42,218
Bombshells | Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	15,777	16,075	45,879	42,215
Bombshells | Recognized over time
Disaggregation of Revenue [Line Items]
Total revenues	12	2	14	3
Bombshells | Sales of alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	8,677	8,962	25,603	24,327
Bombshells | Sales of food and merchandise
Disaggregation of Revenue [Line Items]
Total revenues	6,935	6,996	19,902	17,638
Bombshells | Service revenues
Disaggregation of Revenue [Line Items]
Total revenues	157	108	349	226
Bombshells | Other revenues
Disaggregation of Revenue [Line Items]
Total revenues	20	11	39	27
Other
Disaggregation of Revenue [Line Items]
Total revenues	241	752	710	1,084
Other | Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	241	751	709	1,080
Other | Recognized over time
Disaggregation of Revenue [Line Items]
Total revenues	0	1	1	4
Other | Sales of alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Other | Sales of food and merchandise
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Other | Service revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Other | Other revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 241	$ 752	$ 710	$ 1,084

Revenues - Schedule of Reconcil

Revenues - Schedule of Reconciliation of Contract Liabilities with Customers (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2022 USD ($)
Contract With Customer Liability [Roll Forward]
Contract liabilities with customers, beginning	$ 354
Consideration Received	852
Recognized in Revenue	(485)
Contract liabilities with customers, ending	721
Ad revenue
Contract With Customer Liability [Roll Forward]
Contract liabilities with customers, beginning	84
Consideration Received	530
Recognized in Revenue	(480)
Contract liabilities with customers, ending	134
Expo revenue
Contract With Customer Liability [Roll Forward]
Contract liabilities with customers, beginning	151
Consideration Received	306
Recognized in Revenue	0
Contract liabilities with customers, ending	457
Other
Contract With Customer Liability [Roll Forward]
Contract liabilities with customers, beginning	119
Consideration Received	16
Recognized in Revenue	(5)
Contract liabilities with customers, ending	$ 130

Revenues - Narrative (Details)

Revenues - Narrative (Details) $ in Thousands	May 02, 2022 USD ($) location
Revenue from Contract with Customer [Abstract]
Number of locations | location	3
Period of time to open new locations	5 years
Proceeds from franchise fees received | $	$ 50
Percent of initial franchise fees received	100%

Selected Account Information -

Selected Account Information - Schedule of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Selected Account Information [Abstract]
Credit card receivables	$ 1,800	$ 1,447
Income tax refundable	741	4,472
Insurance receivable	78	185
ATM in-transit	433	277
Allowance for doubtful accounts	19	382
Other (net of allowance for doubtful accounts of $19 and $382, respectively)	903	1,189
Total accounts receivable, net	$ 3,955	$ 7,570

Selected Account Information _2

Selected Account Information - Narrative (Details) - USD ($)		9 Months Ended
	Oct. 06, 2021	Jun. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivable percentage	7%
Notes receivable, term	8 years
Financing receivable, allowance for credit loss		$ 0	$ 102,000
Minimum
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivable percentage		6%
Notes receivable, term		1 year
Maximum
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivable percentage		9%
Notes receivable, term		20 years

Selected Account Information _3

Selected Account Information - Components of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Selected Account Information [Abstract]
Prepaid insurance	$ 2,562	$ 277
Prepaid legal	77	112
Prepaid taxes and licenses	581	380
Prepaid rent	387	309
Other	868	850
Total prepaid expenses and other current assets	$ 4,475	$ 1,928

Selected Account Information _4

Selected Account Information - Reconciliation of Goodwill (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance, gross	$ 59,967
Beginning balance, accumulated impairment	20,588
Beginning balance, net	39,379
Acquisitions, gross	22,420
Acquisitions, accumulated impairment	0
Acquisitions, net	22,420
Impairment, gross	0
Impairment, accumulated impairment	400
Impairment, net	(400)
Ending balance, gross	82,387
Ending balance, accumulated impairment	20,988
Ending balance, net	$ 61,399

Selected Account Information _5

Selected Account Information - Schedule of Components of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Indefinite-lived Intangible Assets [Line Items]
Intangibles, net	$ 130,585	$ 67,824
Noncompete agreements
Indefinite-lived Intangible Assets [Line Items]
Definite-lived:	70	182
Discounted leases
Indefinite-lived Intangible Assets [Line Items]
Definite-lived:	80	86
Software
Indefinite-lived Intangible Assets [Line Items]
Definite-lived:	144	132
Licenses
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived:	119,483	65,186
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived:	10,785	2,215
Domain names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived:	$ 23	$ 23

Selected Account Information _6

Selected Account Information - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Selected Account Information [Abstract]
Insurance	$ 2,193	$ 54
Sales and liquor taxes	2,024	2,261
Payroll and related costs	3,553	3,220
Property taxes	1,710	2,178
Interest	472	145
Patron tax	429	452
Unearned revenues	721	354
Lawsuit settlement	181	378
Other	1,605	1,361
Total accrued liabilities	$ 12,888	$ 10,403

Selected Account Information _7

Selected Account Information - Schedule of Selling, General and Administrative Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Selected Account Information [Abstract]
Taxes and permits	$ 2,418	$ 2,345	$ 7,015	$ 6,457
Advertising and marketing	2,460	1,929	7,091	4,502
Supplies and services	2,068	1,701	6,223	4,417
Insurance	2,481	1,474	7,357	4,358
Legal	328	1,255	2,286	2,928
Lease	1,736	992	4,948	2,941
Charge card fees	1,829	988	4,626	2,247
Utilities	1,151	873	3,194	2,444
Security	1,081	1,073	3,218	2,763
Accounting and professional fees	818	336	2,786	1,348
Repairs and maintenance	960	787	2,588	2,037
Other	2,242	944	5,163	3,025
Total selling, general and administrative expenses	$ 19,572	$ 14,697	$ 56,495	$ 39,467

Selected Account Information _8

Selected Account Information - Components of Other Charges (Gains) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Selected Account Information [Abstract]
Impairment of assets	$ 1,722	$ 271	$ 1,722	$ 1,672
Settlement of lawsuits	132	127	709	280
Gain on disposal of businesses and assets	(266)	(541)	(666)	(455)
Gain on insurance	(87)	0	(408)	(209)
Other charges (gains), net	$ 1,501	$ (143)	$ 1,357	$ 1,288

Selected Account Information _9

Selected Account Information - Components of Non-Operating Gains (Losses), Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Selected Account Information [Abstract]
Gain on debt extinguishment	$ 53	$ 0	$ 138	$ 5,329
Unrealized gain (loss) on equity securities	0	9	(1)	(58)
Other	74	0	74	85
Non-operating gains, net	$ 127	$ 9	$ 211	$ 5,356

Debt (Details)

Debt (Details)

1 Months Ended

9 Months Ended

Jul. 27, 2022 USD ($) monthlyInstallment note

Jul. 21, 2022 USD ($) monthlyInstallment

May 23, 2022 USD ($)

Mar. 01, 2022 USD ($)

Jan. 25, 2022 USD ($) property

Nov. 08, 2021 USD ($)

Oct. 18, 2021 USD ($) monthlyInstallment note

Oct. 12, 2021 USD ($) investor

Nov. 30, 2021 USD ($)

Mar. 31, 2017 monthlyInstallment

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

May 02, 2022 USD ($) note

Sep. 30, 2021 USD ($)

Debt Instrument [Line Items]

Debt instrument, face amount

$ 1,000,000

Debt instrument, interest rate, stated percentage

4%

Debt instrument, term

7 years

Number of seller-financed notes | note

4

2

Number of monthly installments | monthlyInstallment

60

Debt instrument, periodic payment, principal

$ 85,000

Notes payable

$ 13,669

Number of real estate properties securing note | property

11

Debt service coverage (not less than)

1.4

Executed seller-financed notes totaling

$ 11,000,000

Payments of loan costs

$ 445,000

$ 25,000

Long-term debt, maturity, year one

12,600,000

Long-term debt, maturity, year two

10,400,000

Long-term debt, maturity, year three

28,700,000

Long-term debt, maturity, year four

8,200,000

Long-term debt, maturity, year five

8,700,000

Long-term debt, maturity, after year five

121,300,000

Debt issuance costs, net

1,900,000

$ 1,600,000

First Promissory Note

Debt Instrument [Line Items]

Debt instrument, face amount

$ 11,000,000

Debt instrument, interest rate, stated percentage

6%

Debt instrument, term

10 years

Number of monthly installments | monthlyInstallment

120

Debt instrument, periodic payment, principal

$ 122,123

Second Promissory Note

Debt Instrument [Line Items]

Debt instrument, face amount

$ 8,000,000

Debt instrument, interest rate, stated percentage

6%

Debt instrument, term

20 years

Number of monthly installments | monthlyInstallment

240

Debt instrument, periodic payment, principal

$ 57,314

Third Promissory Note

Debt Instrument [Line Items]

Debt instrument, face amount

$ 1,200,000

Debt instrument, interest rate, stated percentage

5.25%

Debt instrument, term

10 years

Debt instrument, periodic payment, principal

$ 8,086

Amortization period of interest

20 years

Fourth Promissory Note

Debt Instrument [Line Items]

Debt instrument, face amount

$ 1,000,000

Debt instrument, interest rate, stated percentage

6%

Debt instrument, term

20 years

Number of monthly installments | monthlyInstallment

240

Debt instrument, periodic payment, principal

$ 7,215

Scheduled Balloon Payments Of Debt

Debt Instrument [Line Items]

Long-term debt, maturity, year one

651,000

Long-term debt, maturity, year two

2,195,000

Long-term debt, maturity, year three

20,500,000

Long-term debt, maturity, year four

0

Long-term debt, maturity, year five

0

Long-term debt, maturity, after year five

$ 73,400,000

Unsecured Debt

Debt Instrument [Line Items]

Number of investors | investor

28

Debt instrument, face amount

$ 17,000,000

Debt instrument, interest rate, stated percentage

12%

Debt instrument, term

10 years

Unsecured Debt | Non-officer Employee One

Debt Instrument [Line Items]

Debt instrument, face amount

$ 500,000

Unsecured Debt | Non-officer Employee Two

Debt Instrument [Line Items]

Debt instrument, face amount

300,000

Unsecured Debt | Note One

Debt Instrument [Line Items]

Notes payable, related parties, current

500,000

Unsecured Debt | Note Two

Debt Instrument [Line Items]

Notes payable, related parties, current

150,000

Unsecured Debt | Debt Instrument, Redemption, Period One

Debt Instrument [Line Items]

Debt instrument, periodic payment

9,500,000

Unsecured Debt | Debt Instrument, Redemption, Period Two

Debt Instrument [Line Items]

Debt instrument, periodic payment

$ 7,500,000

Notes Payable to Banks

Debt Instrument [Line Items]

Debt instrument, face amount

$ 2,200,000

$ 2,600,000

$ 18,700,000

Debt instrument, term

18 months

21 years

10 years

Debt instrument, periodic payment, principal

$ 16,338

$ 126,265

Amortization period of interest

20 years

Interest rate, term

5 years

5 years

Long-term debt, term

10 years

Interest payable, term one

17 months

12 months

Principal and interest payable, term two

48 months

Principal and interest payable, term three

191 months

Payments of loan costs

$ 25,000

Notes Payable to Banks | Subsequent Event

Debt Instrument [Line Items]

Number of seller-financed notes | note

2

Notes Payable to Banks | Base Rate

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

4.50%

4.25%

5.25%

Notes Payable to Banks | US Treasury (UST) Interest Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

3.98%

Notes Payable to Banks | US Treasury (UST) Rate Floor

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

5.25%

Notes Payable to Banks | Prime Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1%

1%

Notes Payable to Banks | Prime Rate Floor

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

4.50%

4.25%

Notes Payable to Banks | 6% Seller-Financed Promissory Note | Subsequent Event | Club in Odessa, Texas - Adult Entertainment Business

Debt Instrument [Line Items]

Debt instrument, face amount

$ 800,000

Debt instrument, interest rate, stated percentage

6%

Debt instrument, periodic payment

$ 11,687

Debt instrument, term

7 years

Number of monthly installments | monthlyInstallment

84

Notes Payable to Banks | 6% Ten-Year Promissory Note | Subsequent Event | Club in Hallandale Beach - Adult Entertainment Business

Debt Instrument [Line Items]

Debt instrument, face amount

$ 10,000,000

Debt instrument, interest rate, stated percentage

6%

Debt instrument, periodic payment

$ 111,020

Debt instrument, term

10 years

Number of monthly installments | monthlyInstallment

120

Notes Payable to Banks | 6% Ten-Year Promissory Note | Subsequent Event | Club in Hallandale Beach - Real Estate Property

Debt Instrument [Line Items]

Debt instrument, face amount

$ 5,000,000

Debt instrument, interest rate, stated percentage

6%

Debt instrument, periodic payment

$ 55,510

Debt instrument, term

10 years

Number of monthly installments | monthlyInstallment

120

Equity (Details)

Equity (Details)		1 Months Ended	3 Months Ended
	Oct. 18, 2021 USD ($) shares	Aug. 05, 2022 USD ($) shares	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2020 USD ($)	May 24, 2022 USD ($)	Feb. 09, 2022 member shares	Feb. 07, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period, shares, acquisitions (in shares) | shares	500,000
Stock issued during period, value, acquisitions	$ 30,400,000
Stock repurchase program, increase in the company's share repurchase program						$ 25,000,000
Stock repurchase program, remaining to purchase additional shares			$ 21,900,000
Purchase of treasury shares			$ 9,212,000	$ 2,845,000	$ 1,794,000
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase of treasure shares (in shares) | shares		42,250
Purchase of treasury shares		$ 2,300,000
2022 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares) | shares							50,000
Number of members of management receiving shares | member							6
2022 Stock Option Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares) | shares								300,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	May 08, 2020 USD ($)	Nov. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2021 USD ($) notice loan
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Current income tax expense			$ 3,800	$ 4,000	$ 10,100	$ 5,500
Effective income tax rate			21.30%	24.40%	22.10%	16.60%
Number of notices of PPP forgiveness | notice							11
Number of PPP loans granted | loan							12
PPP loan forgiveness rate							100%
PPP loan forgiveness value							$ 5,300
Debt instrument, decrease, forgiveness		$ 124
Debt instrument, periodic payment, principal		85
Debt instrument, increase, accrued interest		$ 41
CARES Act | Ten of Our Restaurant
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Proceeds from loans	$ 4,200
CARES Act | Our Shared-Services
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Proceeds from loans	1,100
CARES Act | One of Our Lounges
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Proceeds from loans	124
Minimum | CARES Act | Ten of Our Restaurant
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Subsidiary or equity method investee, cumulative proceeds received on all transactions	271
Maximum | CARES Act | Ten of Our Restaurant
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Subsidiary or equity method investee, cumulative proceeds received on all transactions	$ 579

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Federal statutory income tax expense	21%	21%	21%	21%
State income taxes, net of federal benefit	2.90%	4.80%	2.90%	4.90%
Permanent differences	0.40%	(0.10%)	0.40%	(3.70%)
Change in valuation allowance	0%	0%	0%	(3.80%)
Tax credits	(3.20%)	(1.20%)	(2.80%)	(1.80%)
Other	0.10%	0%	0.50%	0%
Total income tax expense	21.30%	24.40%	22.10%	16.60%

Commitments and Contingencies -

Commitments and Contingencies - Tax Patron Tax (Details)	1 Months Ended		3 Months Ended	9 Months Ended
	Mar. 31, 2017 USD ($) monthlyInstallment claim	Jun. 30, 2015 USD ($) location	Jun. 30, 2015 USD ($) location	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Patron tax amount agreed to pay		$ 10,000,000
Monthly installment of settlement loss	$ 8,200	$ 119,000
Monthly installment of settlement loss, period		84 months
Number of nonsettled locations | location		2	2
Patron tax on monthly basis per customer		$ 5	$ 5
Patron tax amount discounted value		$ 10,000,000
Patron tax, imputed interest rate		9.60%
Gain related to litigation settlement			$ 8,200,000	$ 408,000	$ 294,000
Patron tax settlement		$ 7,200,000
Number of claims settled | claim	1
Number of claims pending | claim	2
Litigation settlement, amount awarded to other party	$ 687,815
Payments for legal settlements	$ 195,815
Number of monthly installments | monthlyInstallment	60
Settlement liabilities				$ 0		$ 813,000

Commitments and Contingencies_2

Commitments and Contingencies - Indemnity Insurance Corporation (Details) - claim	Apr. 10, 2014	Jun. 30, 2022	Mar. 31, 2017
Loss Contingencies [Line Items]
Number of claims pending			2
Indemnity Insurance Corporation
Loss Contingencies [Line Items]
Percentage of costs of litigation	100%
Number of claims pending		1
Loss contingency, number of claims filed	71

Commitments and Contingencies_3

Commitments and Contingencies - Shareholder Class and Derivative Actions (Details)	2 Months Ended
	Jun. 30, 2019 claim
Shareholder Class and Derivative Actions
Loss Contingencies [Line Items]
Loss contingency, number of claims filed	3

Commitments and Contingencies_4

Commitments and Contingencies - Other (Details) - JAI Phoenix $ in Millions	1 Months Ended
	Apr. 30, 2017 USD ($)
Compensatory Damages
Loss Contingencies [Line Items]
Loss contingency, damages sought, value	$ 1.4
Punitive Damages
Loss Contingencies [Line Items]
Loss contingency, damages sought, value	$ 4

Commitments and Contingencies_5

Commitments and Contingencies - General (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Settlement of lawsuits	$ 132	$ 127	$ 709	$ 280
Lawsuit settlement	$ 181		$ 181		$ 378

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenues (from external customers)	$ 70,714	$ 57,860	$ 196,242	$ 140,317
Income (loss) from operations	20,507	18,507	53,499	34,931
Depreciation and amortization	2,565	2,057	7,636	6,197
Capital expenditures	3,183	4,070	17,173	10,788
Total assets	502,179		502,179		$ 364,619
Nightclubs
Segment Reporting Information [Line Items]
Revenues (from external customers)	54,684	41,031	149,639	97,015
Income (loss) from operations	22,459	18,350	60,321	37,313
Depreciation and amortization	1,880	1,380	5,633	4,117
Capital expenditures	1,678	2,479	12,568	5,810
Total assets	409,251		409,251		280,561
Bombshells
Segment Reporting Information [Line Items]
Revenues (from external customers)	15,789	16,077	45,893	42,218
Income (loss) from operations	3,065	4,404	9,335	10,263
Depreciation and amortization	449	459	1,332	1,377
Capital expenditures	1,188	1,329	3,393	4,584
Total assets	57,483		57,483		52,073
Other
Segment Reporting Information [Line Items]
Revenues (from external customers)	241	752	710	1,084
Income (loss) from operations	(82)	321	(159)	107
Depreciation and amortization	6	8	19	80
Capital expenditures	145	0	693	1
Total assets	2,622		2,622		1,573
General corporate
Segment Reporting Information [Line Items]
Income (loss) from operations	(4,935)	(4,568)	(15,998)	(12,752)
Depreciation and amortization	230	210	652	623
Capital expenditures	172	$ 262	519	$ 393
Total assets	$ 32,823		$ 32,823		$ 30,412

Segment Information - Narrative

Segment Information - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 70,714	$ 57,860	$ 196,242	$ 140,317
Nightclubs
Segment Reporting Information [Line Items]
Total revenues	54,684	41,031	149,639	97,015
Nightclubs | Intercompany Rental Revenue
Segment Reporting Information [Line Items]
Total revenues	3,400	2,800	9,900	8,400
General corporate | Intercompany Rental Revenue
Segment Reporting Information [Line Items]
Total revenues	31	32	231	173
Other
Segment Reporting Information [Line Items]
Total revenues	241	752	710	1,084
Other | Intercompany Sales
Segment Reporting Information [Line Items]
Total revenues	$ 42	$ 20	$ 164	$ 95

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)		3 Months Ended			6 Months Ended	9 Months Ended
	Oct. 12, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Related Party Transaction [Line Items]
Net of debt discount and issuance costs		$ 116,500,000				$ 116,500,000		$ 99,700,000
Due from related parties	$ 17,000,000
Proceeds from related party debt						650,000	$ 0
Ed Anakar and Nourdean Anakar
Related Party Transaction [Line Items]
Proceeds from related party debt	500,000
Allen Chhay and Bradley Chhay
Related Party Transaction [Line Items]
Proceeds from related party debt	$ 150,000
Sherwood Forest Creations, LLC
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		42,093		$ 3,182	$ 118,092	69,242
Nottingham Creations and Sherwood Forest Creations LLC
Related Party Transaction [Line Items]
Due to related parties, current		12,093				12,093		12,205
TW Mechanical LLC
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		16,500	$ 325,425			101,200	388,176
Due to related parties, current		$ 6,037				$ 6,037		$ 7,500
Equity method investment, ownership percentage		50%				50%
TW Mechanical LLC | Third-Party General Contractor
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		$ 0	$ 0			$ 3,809	$ 0

Leases - Schedule of Lease Expe

Leases - Schedule of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Operating lease expense – fixed payments	$ 1,215	$ 828	$ 3,482	$ 2,485
Variable lease expense	404	47	971	155
Short-term and other lease expense (includes $53 and $73 recorded in advertising and marketing for the three months ended June 30, 2022 and 2021, respectively, and $183 and $232 for the nine months ended June 30, 2022 and 2021, respectively; and $120 and $106 recorded in repairs and maintenance for the three months ended June 30, 2022 and 2021, respectively, and $310 and $310 for the nine months ended June 30, 2022 and 2021, respectively; see Note 6)	290	296	988	843
Sublease income	(1)	(2)	(4)	(5)
Total lease expense, net	1,908	1,169	5,437	3,478
Operating cash outflows from operating leases	$ 1,855	$ 1,147	$ 5,294	$ 3,400
Weighted average remaining lease term – operating leases	11 years	12 years	11 years	12 years
Weighted average discount rate – operating leases	5.60%	6%	5.60%	6%
Advertising and marketing	$ 2,460	$ 1,929	$ 7,091	$ 4,502
Repairs and maintenance	960	787	2,588	2,037
Equipment
Property, Plant and Equipment [Line Items]
Advertising and marketing	53	73	183	232
Repairs and maintenance	$ 120	$ 106	$ 310	$ 310

Leases - Schedule of Future Mat

Leases - Schedule of Future Maturities of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Lessee, Lease, Description [Line Items]
July 2022 - June 2023	$ 4,871
July 2023 - June 2024	4,931
July 2024 - June 2025	5,002
July 2025 - June 2026	5,079
July 2026 - June 2027	4,992
Thereafter	29,118
Future maturities of lease liabilities	53,993
Principal Payments
Lessee, Lease, Description [Line Items]
July 2022 - June 2023	2,730
July 2023 - June 2024	2,952
July 2024 - June 2025	3,194
July 2025 - June 2026	3,457
July 2026 - June 2027	3,569
Thereafter	23,547
Future maturities of lease liabilities	39,449
Interest Payments
Lessee, Lease, Description [Line Items]
July 2022 - June 2023	2,141
July 2023 - June 2024	1,979
July 2024 - June 2025	1,808
July 2025 - June 2026	1,622
July 2026 - June 2027	1,423
Thereafter	5,571
Future maturities of lease liabilities	$ 14,544