RCI Hospitality (RICK) 10-Q 8 Aug 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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		8,996,546
Amendment Flag	false
Document Fiscal Year Focus	2024
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, 2024	Sep. 30, 2023
Current assets
Cash and cash equivalents	$ 34,947	$ 21,023
Accounts receivable, net	6,794	9,846
Current portion of notes receivable	263	249
Inventories	4,624	4,412
Prepaid expenses and other current assets	5,457	1,943
Total current assets	52,085	37,473
Property and equipment, net	283,834	282,705
Operating lease right-of-use assets, net	26,880	34,931
Notes receivable, net of current portion	4,228	4,443
Goodwill	61,911	70,772
Intangibles, net	170,709	179,145
Other assets	1,342	1,415
Total assets	600,989	610,884
Current liabilities
Accounts payable	5,519	6,111
Accrued liabilities	20,155	16,051
Current portion of debt obligations, net	28,889	22,843
Current portion of operating lease liabilities	3,161	2,977
Total current liabilities	57,724	47,982
Deferred tax liability, net	22,724	29,143
Debt, net of current portion and debt discount and issuance costs	216,511	216,908
Operating lease liabilities, net of current portion	32,779	35,175
Other long-term liabilities	318	352
Total liabilities	330,056	329,560
Commitments and contingencies (Note 9)
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; 9,129,790 and 9,397,639 shares issued and outstanding as of June 30, 2024, and September 30, 2023, respectively	91	94
Additional paid-in capital	68,950	80,437
Retained earnings	202,143	201,050
Total RCIHH stockholders’ equity	271,184	281,581
Noncontrolling interests	(251)	(257)
Total equity	270,933	281,324
Total liabilities and equity	$ 600,989	$ 610,884

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Sep. 30, 2023
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)	9,129,790	9,397,639
Common stock, shares outstanding (in shares)	9,129,790	9,397,639

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues
Total revenues	$ 76,180	$ 77,055	$ 222,370	$ 218,540
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	10,506	10,529	30,784	28,656
Salaries and wages	20,992	20,578	63,299	58,682
Selling, general and administrative	25,057	23,803	74,911	68,561
Depreciation and amortization	3,901	4,041	11,638	11,108
Other charges, net	18,260	2,589	26,452	5,693
Total operating expenses	78,716	61,540	207,084	172,700
Income (loss) from operations	(2,536)	15,515	15,286	45,840
Other income (expenses)
Interest expense	(4,240)	(4,316)	(12,455)	(11,680)
Interest income	130	87	320	268
Income (loss) before income taxes	(6,646)	11,286	3,151	34,428
Income tax expense (benefit)	(1,426)	2,269	378	7,447
Net income (loss)	(5,220)	9,017	2,773	26,981
Net loss (income) attributable to noncontrolling interests	(13)	68	(6)	74
Net income (loss) attributable to RCIHH common stockholders	$ (5,233)	$ 9,085	$ 2,767	$ 27,055
Earnings (loss) per share
Basic (in dollars per share)	$ (0.56)	$ 0.96	$ 0.30	$ 2.91
Diluted (in dollars per share)	$ (0.56)	$ 0.96	$ 0.30	$ 2.91
Weighted average shares used in computing earnings (loss) per share
Basic (in shares)	9,278,921	9,430,225	9,332,249	9,308,624
Diluted (in shares)	9,278,921	9,430,225	9,332,249	9,308,624
Sales of alcoholic beverages
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	$ 6,273	$ 6,397	$ 18,445	$ 17,136
Sales of food and merchandise
Revenues
Total revenues	11,736	11,405	33,606	32,757
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	4,197	4,106	12,228	11,429
Service revenues
Revenues
Total revenues	25,268	26,663	73,951	77,916
Other
Revenues
Total revenues	4,734	4,836	14,148	13,930
Service and other
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	36	26	111	91
Sales of alcoholic beverages
Revenues
Total revenues	$ 34,442	$ 34,151	$ 100,665	$ 93,937

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
Beginning balance (in shares) at Sep. 30, 2022		9,231,725
Beginning balance at Sep. 30, 2022	$ 241,758	$ 92	$ 67,227	$ 173,950	$ 0	$ 489
Treasury stock, beginning balance (in shares) at Sep. 30, 2022					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of treasury shares (in shares)					(1,500)
Purchase of treasury shares	(98)				$ (98)
Cancelled treasury shares (in shares)		1,500			1,500
Canceled treasury shares	0		(98)		$ 98
Payment of dividends	(462)			(462)
Stock-based compensation	941		941
Share in return of investment by noncontrolling partner	(600)					(600)
Net income (loss)	10,271			10,238		33
Ending balance (in shares) at Dec. 31, 2022		9,230,225
Ending balance at Dec. 31, 2022	251,810	$ 92	68,070	183,726	$ 0	(78)
Treasury stock, ending balance (in shares) at Dec. 31, 2022					0
Beginning balance (in shares) at Sep. 30, 2022		9,231,725
Beginning balance at Sep. 30, 2022	241,758	$ 92	67,227	173,950	$ 0	489
Treasury stock, beginning balance (in shares) at Sep. 30, 2022					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	26,981
Ending balance (in shares) at Jun. 30, 2023		9,430,225
Ending balance at Jun. 30, 2023	281,425	$ 94	82,091	199,425	$ 0	(185)
Treasury stock, ending balance (in shares) at Jun. 30, 2023					0
Beginning balance (in shares) at Dec. 31, 2022		9,230,225
Beginning balance at Dec. 31, 2022	251,810	$ 92	68,070	183,726	$ 0	(78)
Treasury stock, beginning balance (in shares) at Dec. 31, 2022					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares for business combination (in shares)		200,000
Issuance of common shares for business combination	16,308	$ 2	16,306
Payment of dividends	(553)			(553)
Stock-based compensation	706		706
Net income (loss)	7,693			7,732		(39)
Ending balance (in shares) at Mar. 31, 2023		9,430,225
Ending balance at Mar. 31, 2023	275,964	$ 94	85,082	190,905	$ 0	(117)
Treasury stock, ending balance (in shares) at Mar. 31, 2023					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustment in fair value of common shares issued for business combination	(3,461)		(3,461)
Payment of dividends	(565)			(565)
Stock-based compensation	470		470
Net income (loss)	9,017			9,085		(68)
Ending balance (in shares) at Jun. 30, 2023		9,430,225
Ending balance at Jun. 30, 2023	$ 281,425	$ 94	82,091	199,425	$ 0	(185)
Treasury stock, ending balance (in shares) at Jun. 30, 2023					0
Beginning balance (in shares) at Sep. 30, 2023	9,397,639	9,397,639
Beginning balance at Sep. 30, 2023	$ 281,324	$ 94	80,437	201,050	$ 0	(257)
Treasury stock, beginning balance (in shares) at Sep. 30, 2023					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of treasury shares (in shares)					(37,954)
Purchase of treasury shares	(2,072)				$ (2,072)
Cancelled treasury shares (in shares)		37,954			37,954
Canceled treasury shares	0		(2,072)		$ 2,072
Excise tax on stock repurchases	(20)		(20)
Payment of dividends	(562)			(562)
Stock-based compensation	470		470
Net income (loss)	7,244			7,226		18
Ending balance (in shares) at Dec. 31, 2023		9,359,685
Ending balance at Dec. 31, 2023	$ 286,384	$ 94	78,815	207,714	$ 0	(239)
Treasury stock, ending balance (in shares) at Dec. 31, 2023					0
Beginning balance (in shares) at Sep. 30, 2023	9,397,639	9,397,639
Beginning balance at Sep. 30, 2023	$ 281,324	$ 94	80,437	201,050	$ 0	(257)
Treasury stock, beginning balance (in shares) at Sep. 30, 2023					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 2,773
Ending balance (in shares) at Jun. 30, 2024	9,129,790	9,129,790
Ending balance at Jun. 30, 2024	$ 270,933	$ 91	68,950	202,143	$ 0	(251)
Treasury stock, ending balance (in shares) at Jun. 30, 2024					0
Beginning balance (in shares) at Dec. 31, 2023		9,359,685
Beginning balance at Dec. 31, 2023	286,384	$ 94	78,815	207,714	$ 0	(239)
Treasury stock, beginning balance (in shares) at Dec. 31, 2023					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of treasury shares (in shares)					(27,265)
Purchase of treasury shares	(1,530)				$ (1,530)
Cancelled treasury shares (in shares)		27,265			27,265
Canceled treasury shares	0	$ (1)	(1,529)		$ 1,530
Excise tax on stock repurchases	(15)		(15)
Payment of dividends	(560)			(560)
Stock-based compensation	471		471
Net income (loss)	749			774		(25)
Ending balance (in shares) at Mar. 31, 2024		9,332,420
Ending balance at Mar. 31, 2024	285,499	$ 93	77,742	207,928	$ 0	(264)
Treasury stock, ending balance (in shares) at Mar. 31, 2024					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Purchase of treasury shares (in shares)					(202,630)
Purchase of treasury shares	(9,173)				$ (9,173)
Cancelled treasury shares (in shares)		202,630			202,630
Canceled treasury shares	0	$ (2)	(9,171)		$ 9,173
Excise tax on stock repurchases	(92)		(92)
Payment of dividends	(552)			(552)
Stock-based compensation	471		471
Net income (loss)	$ (5,220)			(5,233)		13
Ending balance (in shares) at Jun. 30, 2024	9,129,790	9,129,790
Ending balance at Jun. 30, 2024	$ 270,933	$ 91	$ 68,950	$ 202,143	$ 0	$ (251)
Treasury stock, ending balance (in shares) at Jun. 30, 2024					0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.06	$ 0.06	$ 0.06	$ 0.06	$ 0.06	$ 0.05

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 2,773,000	$ 26,981,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,638,000	11,108,000
Impairment of assets	25,964,000	3,293,000
Deferred income tax benefit	(6,419,000)	(790,000)
Stock-based compensation	1,412,000	2,117,000
Loss (gain) on sale of businesses and assets	116,000	(872,000)
Amortization of debt discount and issuance costs	462,000	453,000
Noncash lease expense	2,318,000	2,226,000
Gain on insurance	0	(91,000)
Doubtful accounts expense on notes receivable	22,000	0
Changes in operating assets and liabilities, net of business acquisitions:
Accounts receivable	3,052,000	1,480,000
Inventories	(212,000)	79,000
Prepaid expenses, other current and other assets	(3,484,000)	(3,602,000)
Accounts payable, accrued and other liabilities	2,591,000	4,622,000
Net cash provided by operating activities	40,233,000	47,004,000
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of businesses and assets	1,950,000	2,811,000
Proceeds from insurance	0	91,000
Proceeds from notes receivable	179,000	170,000
Payments for property and equipment and intangible assets	(19,219,000)	(31,119,000)
Acquisition of businesses, net of cash acquired	0	(29,000,000)
Net cash used in investing activities	(17,090,000)	(57,047,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt obligations	22,657,000	11,595,000
Payments on debt obligations	(17,137,000)	(11,431,000)
Purchase of treasury stock	(12,775,000)	(98,000)
Payment of dividends	(1,674,000)	(1,580,000)
Payment of loan origination costs	(290,000)	(239,000)
Share in return of investment by noncontrolling partner	0	(600,000)
Net cash used in financing activities	(9,219,000)	(2,353,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	13,924,000	(12,396,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	21,023,000	35,980,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD	34,947,000	23,584,000
CASH PAID DURING PERIOD FOR:
Interest	12,015,000	11,070,000
Income taxes	3,861,000	8,931,000
Noncash investing and financing transactions:
Debt incurred in connection with acquisition of businesses	0	30,405,000
Debt incurred in connection with purchase of property and equipment	0	10,476,000
Issuance of shares of common stock for acquisition of businesses:
Number of shares	0	200,000
Fair value	0	12,847,000
Adjustment to operating lease right-of-use assets related to new and renewed leases	0	1,864,000
Adjustment to operating lease liabilities related to new and renewed leases	0	2,163,000
Unpaid excise tax on stock repurchases	127,000	0
Unpaid liabilities on capital expenditures	$ 524,000	$ 2,758,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The 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, 2023 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, 2023 included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on December 14, 2023. 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 nine months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ending September 30, 2024.

Recent Accounting Standards and

Recent Accounting Standards and Pronouncements	9 Months Ended
	Jun. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Standards and Pronouncements	Recent Accounting Standards and Pronouncements In October 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . This ASU amends Accounting Standards Codification ("ASC") Topic 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 adopted ASU 2021-08 on October 1, 2023. Our adoption of this ASU did not have a significant impact on our consolidated financial statements. In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions . The amendments in this ASU clarify that an entity should measure the fair value of an equity security subject to contractual sale restriction the same way it measures an identical equity security that is not subject to such a restriction. The FASB said the contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, should not affect its fair value. The ASU is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted. We are evaluating the impact of this ASU and we believe that the adoption of this guidance will not have a significant impact on our consolidated financial statements. In March 2023, the FASB issued ASU 2023-01, Leases (Topic 842): Common Control Arrangements, which amends certain provisions of ASC 842 that apply to arrangements between related parties under common control. The ASU requires all companies to amortize leasehold improvements associated with common control leases over the asset's useful life to the common control group regardless of the lease term. It also allows private and certain not-for-profit entities to use the written terms and conditions of an agreement to account for common control leases without further assessing the legal enforceability of those terms. The guidance is effective for all entities in fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. We are still evaluating the impact of this ASU but we believe that the adoption of this guidance will not have a significant impact on our consolidated financial statements. 2. Recent Accounting Standards and Pronouncements - continued In August 2023, the FASB issued ASU 2023-05, Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement , which addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture's separate financial statements. The objectives of the ASU are to (1) provide decision-useful information to investors and other allocators of capital in a joint venture's financial statements and (2) reduce diversity in practice. The FASB decided to require a joint venture to apply a new basis of accounting upon formation that will recognize and initially measure its assets and liabilities at fair value (with exceptions to fair value measurement that are consistent with the business combinations guidance). The amendments of this ASU are effective prospectively for all joint venture formations with a formation date on or after January 1, 2025. Additionally, a joint venture that was formed before January 1, 2025 may elect to apply the amendments retrospectively if it has sufficient information. early adoptions is permitted in any interim or annual period in which financial statements have not yet been issued (or made available for issuance), either prospectively or retrospectively. We are still evaluating the impact of this ASU on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which aims to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments in the ASU enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The purpose of the amendments is to enable investors to better understand an entity's overall performance and assess potential future cash flows. The ASU applies to all public entities that are required to report segment information in accordance with ASC 280, and is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are evaluating the impact of this ASU on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . Under the ASU, public business entities must annually (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than five percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate. The amendments of the ASU are effective for public business entities for annual periods beginning after December 15, 2024. Entities are permitted to early adopt the standard for annual financial statements that have not been issued or made available for issuance. We are enhancing our income tax reporting system to be able to capture the required disclosures of this ASU.

Revenues

Revenues	9 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Revenues, as disaggregated by revenue type, timing of recognition, and reportable segment (see also Note 4 ), are shown below (in thousands): Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Nightclubs Bombshells Other Total Nightclubs Bombshells Other Total Sales of alcoholic beverages $ 27,413 $ 7,029 $ — $ 34,442 $ 26,144 $ 8,007 $ — $ 34,151 Sales of food and merchandise 5,904 5,832 — 11,736 5,288 6,117 — 11,405 Service revenues 25,103 165 — 25,268 26,497 166 — 26,663 Other revenues 4,403 113 218 4,734 4,520 107 209 4,836 $ 62,823 $ 13,139 $ 218 $ 76,180 $ 62,449 $ 14,397 $ 209 $ 77,055 Recognized at a point in time $ 62,411 $ 13,137 $ 218 $ 75,766 $ 61,986 $ 14,396 $ 209 $ 76,591 Recognized over time 412 * 2 — 414 463 * 1 — 464 $ 62,823 $ 13,139 $ 218 $ 76,180 $ 62,449 $ 14,397 $ 209 $ 77,055 Nine Months Ended June 30, 2024 Nine Months Ended June 30, 2023 Nightclubs Bombshells Other Total Nightclubs Bombshells Other Total Sales of alcoholic beverages $ 79,595 $ 21,070 $ — $ 100,665 $ 70,433 $ 23,504 $ — $ 93,937 Sales of food and merchandise 16,490 17,116 — 33,606 14,705 18,052 — 32,757 Service revenues 73,784 167 — 73,951 77,716 200 — 77,916 Other revenues 13,359 288 501 14,148 12,951 387 592 13,930 $ 183,228 $ 38,641 $ 501 $ 222,370 $ 175,805 $ 42,143 $ 592 $ 218,540 Recognized at a point in time $ 181,960 $ 38,637 $ 501 $ 221,098 $ 174,481 $ 42,098 $ 547 $ 217,126 Recognized over time 1,268 * 4 — 1,272 1,324 * 45 45 1,414 $ 183,228 $ 38,641 $ 501 $ 222,370 $ 175,805 $ 42,143 $ 592 $ 218,540 * Lease revenue (included in Other Revenues) as covered by ASC 842. All other revenues are covered by ASC 606. 3. Revenues - continued 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, 2023 Net Consideration Recognized in Balance at June 30, 2024 Ad revenue $ 49 $ 333 $ (330) $ 52 Expo revenue 1 399 — 400 Franchise fees and other 46 — (4) 42 $ 96 $ 732 $ (334) $ 494 Contract liabilities with customers are included in accrued liabilities as unearned revenues in our unaudited condensed consolidated balance sheets (see also Note 5 ), while the revenues associated with these contract liabilities are included in other revenues in our unaudited condensed consolidated statements of income.

Segment Information

Segment Information	9 Months Ended
	Jun. 30, 2024
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 2024 2023 2024 2023 Revenues (from external customers) Nightclubs $ 62,823 $ 62,449 $ 183,228 $ 175,805 Bombshells 13,139 14,397 38,641 42,143 Other 218 209 501 592 $ 76,180 $ 77,055 $ 222,370 $ 218,540 Income (loss) from operations Nightclubs $ 13,640 $ 20,392 $ 45,030 $ 61,127 Bombshells (8,914) 1,701 (8,129) 5,323 Other (108) (300) (581) (653) Corporate (7,154) (6,278) (21,034) (19,957) $ (2,536) $ 15,515 $ 15,286 $ 45,840 4. Segment Information - continued For the Three Months Ended For the Nine Months Ended 2024 2023 2024 2023 Depreciation and amortization Nightclubs $ 2,996 $ 2,915 $ 8,828 $ 7,864 Bombshells 615 611 1,908 2,000 Other 3 212 7 338 Corporate 287 303 895 906 $ 3,901 $ 4,041 $ 11,638 $ 11,108 Capital expenditures Nightclubs $ 2,424 $ 5,915 $ 6,655 $ 14,598 Bombshells 1,684 1,438 5,127 11,940 Other 2,288 165 5,991 243 Corporate 21 1,511 1,446 3,138 $ 6,417 $ 9,029 $ 19,219 $ 29,919 June 30, 2024 September 30, 2023 Total assets Nightclubs $ 468,704 $ 483,563 Bombshells 80,238 85,215 Other 14,026 6,936 Corporate 38,021 35,170 $ 600,989 $ 610,884 Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended June 30, 2024, amounting to $4.7 million and $21,000, respectively, and for the nine months ended June 30, 2024, amounting to $13.8 million and $269,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three and nine months ended June 30, 2024 amounting to $66,000 and $194,000, 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, 2023, amounting to $4.3 million and $32,000, respectively, and for the nine months ended June 30, 2023, amounting to $11.9 million and $294,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three and nine months ended June 30, 2023 amounting to $73,000 and $188,000, 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.

Selected Account Information

Selected Account Information	9 Months Ended
	Jun. 30, 2024
Selected Account Information [Abstract]
Selected Account Information	Selected Account Information The components of accounts receivable, net are as follows (in thousands): June 30, 2024 September 30, 2023 Credit card receivables $ 4,102 $ 4,141 Income tax refundable 54 2,989 ATM in-transit 1,701 1,675 Other (net of allowance for doubtful accounts of $44 and $62, respectively) 937 1,041 Total accounts receivable, net $ 6,794 $ 9,846 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 original terms ranging from 1 to 20 years. The components of prepaid expenses and other current assets are as follows (in thousands): June 30, 2024 September 30, 2023 Prepaid insurance $ 3,287 $ 375 Prepaid legal 165 184 Prepaid taxes and licenses 778 486 Prepaid rent 406 346 Other 821 552 Total prepaid expenses and other current assets $ 5,457 $ 1,943 The components of accrued liabilities are as follows (in thousands): June 30, 2024 September 30, 2023 Insurance $ 2,965 $ 9 Sales and liquor taxes 2,490 2,468 Payroll and related costs 5,047 4,412 Property taxes 2,332 3,086 Interest 632 654 Patron tax 1,226 914 Unearned revenues 494 96 Lawsuit settlement 2,265 2,448 Other 2,704 1,964 Total accrued liabilities $ 20,155 $ 16,051 5. Selected Account Information - continued The components of selling, general and administrative expenses are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2024 2023 2024 2023 Taxes and permits $ 4,575 $ 2,969 $ 12,584 $ 8,392 Advertising and marketing 3,072 3,284 9,539 8,685 Supplies and services 2,642 2,865 8,073 7,946 Insurance 3,183 2,718 9,763 7,538 Legal 1,034 754 2,883 3,035 Lease 1,793 1,836 5,402 5,363 Charge card fees 1,798 1,792 5,212 5,372 Utilities 1,467 1,443 4,414 4,067 Security 1,178 1,523 3,876 3,995 Stock-based compensation 471 470 1,412 2,117 Accounting and professional fees 910 1,050 3,232 3,225 Repairs and maintenance 1,154 1,367 3,367 3,738 Other 1,780 1,732 5,154 5,088 Total selling, general and administrative expenses $ 25,057 $ 23,803 $ 74,911 $ 68,561 The components of other charges, net are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2024 2023 2024 2023 Impairment of assets $ 17,931 $ 2,631 $ 25,964 $ 3,293 Settlement of lawsuits 141 63 308 3,183 Loss (gain) on disposal of businesses and assets 188 (105) 180 (692) Gain on insurance — — — (91) Total other charges, net $ 18,260 $ 2,589 $ 26,452 $ 5,693 During the second quarter ended March 31, 2024, we recorded $4.4 million in SOB license impairment related to four clubs, $2.9 million in goodwill impairment related to two clubs, and $693,000 in tradename impairment related to one club. During the third quarter ended June 30, 2024, we recorded $6.0 million in goodwill impairment related to four clubs, $5.7 million in operating lease right-of-use asset impairment related to five Bombshells restaurants, $1.4 million in SOB license impairment related to two clubs, and $4.8 million in property and equipment impairment related to one club and five restaurants. During the second quarter ended March 31, 2023, the Company recorded $662,000 in goodwill impairment related to one club, and during the third quarter ended June 30, 2023, the Company recorded $1.2 million in goodwill impairment related to one club, and related to one club that was closed, we recorded $380,000 in SOB license impairment, $58,000 in property and equipment impairment, and $1.0 million in operating lease right-of-use asset impairment. During the second quarter ended March 31, 2023, we recognized lawsuit settlements of $3.1 million, of which $2.8 million related to a settlement with the New York Department of Labor related to the assessment by the New York Department of Labor for state unemployment insurance. See Note 9 .

Debt

Debt	9 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt On October 25, 2023, the Company entered into a debt modification transaction under which 26 investors holding a total principal amount of $15.7 million in unsecured promissory notes agreed to extend the maturity dates of such notes, with no other changes to the terms and conditions of the original promissory notes, which original promissory notes were issued in October 2021 and had original maturity dates in October 2024. The transaction was effected by the 26 investors returning for cancellation their original promissory notes, with us issuing new amended and restated promissory notes to such investors. The original promissory notes were deemed cancelled as of the end of the day on October 31, 2023, and the new amended promissory notes will have an original issue date, and be deemed effective, as of November 1, 2023. Other than the extension of the maturity dates, there were no other changes to the terms and conditions of the original promissory notes (except for the reduction in principal, as described below, and the corresponding reduction in monthly installments of principal and interest). The new amended notes will continue to bear interest at the rate of 12% per annum. Of the new amended promissory notes, $9.1 million are 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, 2026. The remaining $6.6 million in the amended promissory notes are 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 November 1, 2027. The original promissory notes that were returned and cancelled as consideration for the issuance of the $6.6 million in new amended promissory notes had an original principal amount of $7.5 million in October 2021. On November 17, 2023, the Company closed on a construction loan agreement with a bank lender for a total amount of $7.2 million bearing an interest rate of 8.5% per annum for the construction of a Bombshells restaurant in Rowlett, Texas. The promissory note is payable in 120 monthly payments, the first 18 months of which will be interest-only. The succeeding 101 monthly payments will be payable in equal installments of $63,022 in principal and interest, and the remaining balance in principal and accrued interest payable on the 120th month. The loan is secured by the real estate property under construction. There are certain financial covenants with which the Company is to be in compliance related to this loan. On April 30, 2024, the Company entered into a term loan with a bank lender for $20.0 million for additional working capital. The loan has a 10-year term and an interest rate of 8.25% per annum for the first five years, after which the interest rate is to be adjusted to a rate equal to the then weekly average yield on U.S. Treasury Securities plus 362 basis points, with a 6.5% floor. The promissory note is payable in equal monthly installments of $170,408 for principal and interest, based on a 20-year amortization period, during the first five years, after which the monthly payments shall adjust based on the new interest rate to continue until April 30, 2034, at which time the remaining principal amount and accrued interest shall be paid. The Company paid $356,000 in debt issuance costs at the time of closing. There are certain financial covenants with which the Company is to be in compliance with related to this loan, including a minimum tangible net worth requirement of $25.0 million. Future maturities of long-term debt as of June 30, 2024 are as follows: $29.4 million, $13.6 million, $23.7 million, $28.7 million, $15.5 million and $137.4 million for the twelve months ending June 30, 2025, 2026, 2027, 2028, 2029, and thereafter, respectively. Of the maturity schedule mentioned above, $15.3 million, $0.0 million, $9.1 million, $7.9 million, $0.2 million and $84.9 million, respectively, relate to scheduled balloon payments. Unamortized debt discount and issuance costs amounted to $3.0 million and $2.9 million as of June 30, 2024 and September 30, 2023, respectively.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation 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 was approved by the shareholders during the annual stockholders' meeting on August 23, 2022. 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 7, 2022, the board of directors approved a grant of 50,000 stock options to each of six members of management subject to the approval of the 2022 Plan. Stock-based compensation, which is included in corporate segment selling, general and administrative expenses amounted to $471,000 and $1.4 million during the three and nine months ended June 30, 2024, respectively, and $470,000 and $2.1 million during the three and nine months ended June 30, 2023, respectively. As of June 30, 2024, we had unrecognized compensation cost amounting to $3.1 million related to stock-based compensation awards granted, which is expected to be recognized over a weighted average period of 1.6 years. The February 9, 2022 stock options vest over four years with the first 20% having vested on the approval of the 2022 Plan at the 2022 annual stockholders' meeting on August 23, 2022, and 20% vesting on February 9 of each year thereafter, provided however that the options will be subject to earlier vesting under certain events set forth in the Plan, including without limitation a change in control. All of the options will expire, if not exercised, at the end of five years. The weighted average grant-date fair value of the stock options was $31.37 per share. No stock options were exercised during the three and nine months ended June 30, 2024. As of June 30, 2024, 180,000 stock options were vested and exercisable. For the three and nine months ended June 30, 2024 and 2023, we excluded 300,000 stock options from the calculation of diluted earnings per share because their effect was anti-dilutive. Aside from the outstanding stock options, there were no other potentially dilutive securities for inclusion in the calculation of diluted earnings per share.

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income taxes were a benefit of $1.4 million and an expense of $378,000 during the three and nine months ended June 30, 2024, respectively, compared to $2.3 million and $7.4 million during the three and nine months ended and June 30, 2023, respectively. The effective income tax rate was 21.5% and 12.0% for the three and nine months ended June 30, 2024 compared to 20.1% and 21.6% for the three and nine months ended June 30, 2023, respectively. The disproportionate tax rates during the nine months ended June 30, 2024, were caused by the decrease in the expected annual effective tax rate. 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 pretax loss in the three months ended June 30, 2024, as presented below. For the Three Months Ended For the Nine Months Ended 2024 2023 2024 2023 Federal statutory income tax expense 21.0 % 21.0 % 21.0 % 21.0 % State income taxes, net of federal benefit 3.2 % 2.1 % 4.3 % 3.4 % Permanent differences (0.3) % 0.5 % 3.2 % 0.5 % Tax credits (2.3) % (3.7) % (16.8) % (3.4) % Other (0.1) % 0.1 % 0.3 % 0.1 % Total income tax expense 21.5 % 20.1 % 12.0 % 21.6 %

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Texas Patron Tax 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 Tax 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 Tax 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 and in doing so exhausted the State's rights to appeal the judgment. The lawsuit was sent back to the trial court for post-trial proceedings, which resulted in the award of attorneys' fees to the operating subsidiaries. Pursuant to the rulings, 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, 2024, we have 1 remaining unresolved claim out of the original 71 claims. 9. Commitments and Contingencies - continued Shareholder Derivative Action 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 and failure to maintain internal controls. These allegations are substantively similar to claims asserted in a prior securities class action that was settled in August of 2022 and a prior derivative action that was dismissed in June of 2021. On July 24, 2023, the parties reached an agreement in principle to resolve the action. On October 10, 2023, the parties submitted an agreement to settle the action to the Court for the Court's preliminary approval. On July 19 2024, the Court approved the settlement. On July 30, 2024, the final order of settlement was entered by the Court. The case is now closed, and the Company believes that payments under the settlement agreement will be covered by insurance. Other 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. A new trial has been set for June 2025. JAI Phoenix will continue to vigorously defend itself. As set forth in the risk factors as disclosed in this report, 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. In March 2023, the New York State Department of Labor assessed a final judgment against one of our subsidiaries in a state unemployment tax matter for the years 2009-2022. The assessment of $2.8 million, which was recorded by the Company during the quarter ended March 31, 2023, was issued in final notice by the NY DOL after several appeals were denied by the Supreme Court of the State of New York, Appellate Division, Third Department (see Note 5 ). In September 2023, the NY DOL assessed another of our subsidiaries for approximately $280,000 on the same matter for the period January 2015 through June 2022. We recorded this latter assessment during the quarter ended September 30, 2023. 9. Commitments and Contingencies - continued On or about May 29, 2024, search warrants were executed on the Company’s corporate headquarters in Houston, Texas, three separate clubs in New York, New York, and for the mobile phone of three individuals (including two executive officers and a non-executive corporate employee) by the New York State Attorney General (“NY AG”) and the New York State Department of Taxation and Finance (“NY DTF”). On June 7, 2024, the Company received a subpoena from the NY AG requesting documents and other information with respect to certain clubs in New York and Florida. The investigation appears to be related to the Company’s New York State tax filings and possible entertainment benefits provided to NY DTF personnel. The Company is cooperating with the NY AG and its investigation. As a result of this investigation, a non-executive corporate employee was placed on administrative leave during the pendency of an internal review process. It is not possible at this time to determine whether the Company will incur (or to reasonably estimate the amount of) any fines, penalties, or liabilities in connection with the investigation. 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. The Company recorded lawsuit settlements incurred amounting to $141,000 and $308,000 for the three and nine months ended June 30, 2024, respectively, and $63,000 and $3.2 million for the three and nine months ended June 30, 2023, respectively. As of June 30, 2024, and September 30, 2023, the Company has accrued $2.3 million and $2.4 million, respectively, related to settlement of lawsuit, which is included in accrued liabilities in our unaudited condensed consolidated balance sheets.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jun. 30, 2024
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, 2024 and September 30, 2023, was $136.4 million and $119.2 million, respectively. Included in the October 2023 debt transaction (see Note 6 ) 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 $0 and $344,798 during the three and nine months ended June 30, 2024, respectively, and $0 and $188,285 during the three and nine months ended June 30, 2023, respectively. As of June 30, 2024 and September 30, 2023, we owed Nottingham Creations and Sherwood Forest $24,163 and $10,700, respectively, in unpaid billings. 10. Related Party Transactions - continued 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 2024 and 2023. 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 $0 for the three and nine months ended June 30, 2024, respectively, and $171,435 and $235,738 for the three and nine months ended June 30, 2023, respectively. Amounts billed directly to the Company were $0 and $3,160 for the three and nine months ended June 30, 2024, respectively, and $8,823 and $9,202 for the three and nine months ended June 30, 2023, respectively. As of June 30, 2024 and September 30, 2023, the Company owed TW Mechanical $0 and $0, respectively, in unpaid direct billings.

Leases

Leases	9 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases 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, 2024 and 2023 is as follows (in thousands): Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Operating lease expense – fixed payments $ 1,292 $ 1,327 $ 3,876 $ 3,874 Variable lease expense 412 406 1,273 1,192 Short-term and other lease expense (includes $117 and $116 recorded in advertising and marketing for the three months ended June 30, 2024 and 2023, respectively, and $342 and $243 for the nine months ended June 30, 2024 and 2023, respectively; and $159 and $145 recorded in repairs and maintenance for the three months ended June 30, 2024 and 2023, respectively, and $447 and $410 for the nine months ended June 30, 2024 and 2023, respectively; see Note 5 ) 365 364 1,042 950 Sublease income — — — — Total lease expense, net $ 2,069 $ 2,097 $ 6,191 $ 6,016 Other information: Operating cash outflows from operating leases $ 2,036 $ 2,055 $ 6,085 $ 5,885 Weighted average remaining lease term – operating leases 10.1 years 10.7 years Weighted average discount rate – operating leases 5.8 % 5.8 % Future maturities of operating lease liabilities as of June 30, 2024 are as follows (in thousands): Principal Payments Interest Payments Total Payments July 2024 - June 2025 $ 3,161 $ 1,926 $ 5,087 July 2025 - June 2026 3,445 1,740 5,185 July 2026 - June 2027 3,580 1,538 5,118 July 2027 - June 2028 3,081 1,345 4,426 July 2028 - June 2029 3,081 1,168 4,249 Thereafter 19,592 3,771 23,363 $ 35,940 $ 11,488 $ 47,428

Supplemental Pro Forma Informat

Supplemental Pro Forma Information on Prior Year Business Acquisition	9 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Supplemental Pro Forma Information on Prior Year Business Acquisition	Supplemental Pro Forma Information on Prior Year Business Acquisition In relation to the acquisition of the Baby Dolls-Chicas Locas clubs in March 2023, below are certain unaudited pro forma combined results of operations of the Company and the five acquired clubs and related assets as though the acquisition occurred at the beginning of fiscal 2022 (in thousands, except per share amounts and number of shares): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Pro forma revenues $ 76,180 $ 77,055 $ 222,370 $ 231,479 Pro forma net income (loss) attributable to RCIHH common stockholders $ (5,233) $ 9,085 $ 2,767 $ 26,129 Pro forma earnings (loss) per share - basic and diluted $ (0.56) $ 0.96 $ 0.30 $ 2.77 Pro forma weighted average shares used in computing earnings (loss) per share - basic and diluted 9,278,921 9,430,225 9,332,249 9,430,236 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 2022. 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. We incurred approximately $0 and $292,000 in acquisition-related expenses during the three and nine months ended June 30, 2023, respectively, which is included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income. Pro forma net income and pro forma earnings per share include the impact of acquisition-related expenses and interest expense related to a $10.0 million line-of-credit facility and the nine seller-financed notes in the acquisition as if they were incurred as of the first day of fiscal 2022. Pro forma weighted average shares used in computing earnings per share include the impact of 200,000 shares of our common stock issued as partial consideration for the acquisition. Since the results of operations during the three and nine months ended June 30, 2024 were in a fiscal year subsequent to the fiscal year of acquisition and that the periods fully include the results of operations of the five acquired clubs, the amounts presented do not reflect any pro forma adjustments.

Subsequent Events

Subsequent Events	9 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 10, one of our clubs in Fort Worth, Texas, was razed by fire. The insurance claim is still in process and no insurance proceeds have been received or recorded as of the filing of this report. On July 11, 2024, our Board of Directors approved a $25.0 million increase in the Company's share repurchase program. On July 23, 2024, the Company amended a promissory note related to a club acquisition on May 2, 2022, with a remaining principal balance of $5.2 million. The amendment called for a 16-month extension to the original term of the note. In turn, the Company paid down $1.5 million of the note's principal and a 1% fee on the remaining principal balance. The monthly installment payment of $79,290 in principal and interest was unchanged in the amended note and the balloon payment at the extended maturity date was adjusted accordingly. Subsequent to the balance sheet date through August 5, 2024, we repurchased 133,244 shares of our common stock at an average price of $44.86.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The 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, 2023 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, 2023 included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on December 14, 2023. 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 nine months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ending September 30, 2024.
Recent Accounting Standards and Pronouncements	Recent Accounting Standards and Pronouncements In October 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . This ASU amends Accounting Standards Codification ("ASC") Topic 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 adopted ASU 2021-08 on October 1, 2023. Our adoption of this ASU did not have a significant impact on our consolidated financial statements. In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions . The amendments in this ASU clarify that an entity should measure the fair value of an equity security subject to contractual sale restriction the same way it measures an identical equity security that is not subject to such a restriction. The FASB said the contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, should not affect its fair value. The ASU is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted. We are evaluating the impact of this ASU and we believe that the adoption of this guidance will not have a significant impact on our consolidated financial statements. In March 2023, the FASB issued ASU 2023-01, Leases (Topic 842): Common Control Arrangements, which amends certain provisions of ASC 842 that apply to arrangements between related parties under common control. The ASU requires all companies to amortize leasehold improvements associated with common control leases over the asset's useful life to the common control group regardless of the lease term. It also allows private and certain not-for-profit entities to use the written terms and conditions of an agreement to account for common control leases without further assessing the legal enforceability of those terms. The guidance is effective for all entities in fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. We are still evaluating the impact of this ASU but we believe that the adoption of this guidance will not have a significant impact on our consolidated financial statements. 2. Recent Accounting Standards and Pronouncements - continued In August 2023, the FASB issued ASU 2023-05, Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement , which addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture's separate financial statements. The objectives of the ASU are to (1) provide decision-useful information to investors and other allocators of capital in a joint venture's financial statements and (2) reduce diversity in practice. The FASB decided to require a joint venture to apply a new basis of accounting upon formation that will recognize and initially measure its assets and liabilities at fair value (with exceptions to fair value measurement that are consistent with the business combinations guidance). The amendments of this ASU are effective prospectively for all joint venture formations with a formation date on or after January 1, 2025. Additionally, a joint venture that was formed before January 1, 2025 may elect to apply the amendments retrospectively if it has sufficient information. early adoptions is permitted in any interim or annual period in which financial statements have not yet been issued (or made available for issuance), either prospectively or retrospectively. We are still evaluating the impact of this ASU on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which aims to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments in the ASU enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The purpose of the amendments is to enable investors to better understand an entity's overall performance and assess potential future cash flows. The ASU applies to all public entities that are required to report segment information in accordance with ASC 280, and is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are evaluating the impact of this ASU on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . Under the ASU, public business entities must annually (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than five percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate. The amendments of the ASU are effective for public business entities for annual periods beginning after December 15, 2024. Entities are permitted to early adopt the standard for annual financial statements that have not been issued or made available for issuance. We are enhancing our income tax reporting system to be able to capture the required disclosures of this ASU.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Jun. 30, 2024
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 4 ), are shown below (in thousands): Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Nightclubs Bombshells Other Total Nightclubs Bombshells Other Total Sales of alcoholic beverages $ 27,413 $ 7,029 $ — $ 34,442 $ 26,144 $ 8,007 $ — $ 34,151 Sales of food and merchandise 5,904 5,832 — 11,736 5,288 6,117 — 11,405 Service revenues 25,103 165 — 25,268 26,497 166 — 26,663 Other revenues 4,403 113 218 4,734 4,520 107 209 4,836 $ 62,823 $ 13,139 $ 218 $ 76,180 $ 62,449 $ 14,397 $ 209 $ 77,055 Recognized at a point in time $ 62,411 $ 13,137 $ 218 $ 75,766 $ 61,986 $ 14,396 $ 209 $ 76,591 Recognized over time 412 * 2 — 414 463 * 1 — 464 $ 62,823 $ 13,139 $ 218 $ 76,180 $ 62,449 $ 14,397 $ 209 $ 77,055 Nine Months Ended June 30, 2024 Nine Months Ended June 30, 2023 Nightclubs Bombshells Other Total Nightclubs Bombshells Other Total Sales of alcoholic beverages $ 79,595 $ 21,070 $ — $ 100,665 $ 70,433 $ 23,504 $ — $ 93,937 Sales of food and merchandise 16,490 17,116 — 33,606 14,705 18,052 — 32,757 Service revenues 73,784 167 — 73,951 77,716 200 — 77,916 Other revenues 13,359 288 501 14,148 12,951 387 592 13,930 $ 183,228 $ 38,641 $ 501 $ 222,370 $ 175,805 $ 42,143 $ 592 $ 218,540 Recognized at a point in time $ 181,960 $ 38,637 $ 501 $ 221,098 $ 174,481 $ 42,098 $ 547 $ 217,126 Recognized over time 1,268 * 4 — 1,272 1,324 * 45 45 1,414 $ 183,228 $ 38,641 $ 501 $ 222,370 $ 175,805 $ 42,143 $ 592 $ 218,540 * 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, 2023 Net Consideration Recognized in Balance at June 30, 2024 Ad revenue $ 49 $ 333 $ (330) $ 52 Expo revenue 1 399 — 400 Franchise fees and other 46 — (4) 42 $ 96 $ 732 $ (334) $ 494

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jun. 30, 2024
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 2024 2023 2024 2023 Revenues (from external customers) Nightclubs $ 62,823 $ 62,449 $ 183,228 $ 175,805 Bombshells 13,139 14,397 38,641 42,143 Other 218 209 501 592 $ 76,180 $ 77,055 $ 222,370 $ 218,540 Income (loss) from operations Nightclubs $ 13,640 $ 20,392 $ 45,030 $ 61,127 Bombshells (8,914) 1,701 (8,129) 5,323 Other (108) (300) (581) (653) Corporate (7,154) (6,278) (21,034) (19,957) $ (2,536) $ 15,515 $ 15,286 $ 45,840 4. Segment Information - continued For the Three Months Ended For the Nine Months Ended 2024 2023 2024 2023 Depreciation and amortization Nightclubs $ 2,996 $ 2,915 $ 8,828 $ 7,864 Bombshells 615 611 1,908 2,000 Other 3 212 7 338 Corporate 287 303 895 906 $ 3,901 $ 4,041 $ 11,638 $ 11,108 Capital expenditures Nightclubs $ 2,424 $ 5,915 $ 6,655 $ 14,598 Bombshells 1,684 1,438 5,127 11,940 Other 2,288 165 5,991 243 Corporate 21 1,511 1,446 3,138 $ 6,417 $ 9,029 $ 19,219 $ 29,919 June 30, 2024 September 30, 2023 Total assets Nightclubs $ 468,704 $ 483,563 Bombshells 80,238 85,215 Other 14,026 6,936 Corporate 38,021 35,170 $ 600,989 $ 610,884

Selected Account Information (T

Selected Account Information (Tables)	9 Months Ended
	Jun. 30, 2024
Selected Account Information [Abstract]
Schedule of Accounts Receivable, Net	The components of accounts receivable, net are as follows (in thousands): June 30, 2024 September 30, 2023 Credit card receivables $ 4,102 $ 4,141 Income tax refundable 54 2,989 ATM in-transit 1,701 1,675 Other (net of allowance for doubtful accounts of $44 and $62, respectively) 937 1,041 Total accounts receivable, net $ 6,794 $ 9,846
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, 2024 September 30, 2023 Prepaid insurance $ 3,287 $ 375 Prepaid legal 165 184 Prepaid taxes and licenses 778 486 Prepaid rent 406 346 Other 821 552 Total prepaid expenses and other current assets $ 5,457 $ 1,943
Schedule of Accrued Liabilities	The components of accrued liabilities are as follows (in thousands): June 30, 2024 September 30, 2023 Insurance $ 2,965 $ 9 Sales and liquor taxes 2,490 2,468 Payroll and related costs 5,047 4,412 Property taxes 2,332 3,086 Interest 632 654 Patron tax 1,226 914 Unearned revenues 494 96 Lawsuit settlement 2,265 2,448 Other 2,704 1,964 Total accrued liabilities $ 20,155 $ 16,051
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 2024 2023 2024 2023 Taxes and permits $ 4,575 $ 2,969 $ 12,584 $ 8,392 Advertising and marketing 3,072 3,284 9,539 8,685 Supplies and services 2,642 2,865 8,073 7,946 Insurance 3,183 2,718 9,763 7,538 Legal 1,034 754 2,883 3,035 Lease 1,793 1,836 5,402 5,363 Charge card fees 1,798 1,792 5,212 5,372 Utilities 1,467 1,443 4,414 4,067 Security 1,178 1,523 3,876 3,995 Stock-based compensation 471 470 1,412 2,117 Accounting and professional fees 910 1,050 3,232 3,225 Repairs and maintenance 1,154 1,367 3,367 3,738 Other 1,780 1,732 5,154 5,088 Total selling, general and administrative expenses $ 25,057 $ 23,803 $ 74,911 $ 68,561
Schedule of Components of Other Charges, Net	The components of other charges, net are as follows (in thousands): For the Three Months Ended For the Nine Months Ended 2024 2023 2024 2023 Impairment of assets $ 17,931 $ 2,631 $ 25,964 $ 3,293 Settlement of lawsuits 141 63 308 3,183 Loss (gain) on disposal of businesses and assets 188 (105) 180 (692) Gain on insurance — — — (91) Total other charges, net $ 18,260 $ 2,589 $ 26,452 $ 5,693

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Jun. 30, 2024
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 pretax loss in the three months ended June 30, 2024, as presented below. For the Three Months Ended For the Nine Months Ended 2024 2023 2024 2023 Federal statutory income tax expense 21.0 % 21.0 % 21.0 % 21.0 % State income taxes, net of federal benefit 3.2 % 2.1 % 4.3 % 3.4 % Permanent differences (0.3) % 0.5 % 3.2 % 0.5 % Tax credits (2.3) % (3.7) % (16.8) % (3.4) % Other (0.1) % 0.1 % 0.3 % 0.1 % Total income tax expense 21.5 % 20.1 % 12.0 % 21.6 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 30, 2024
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, 2024 and 2023 is as follows (in thousands): Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Operating lease expense – fixed payments $ 1,292 $ 1,327 $ 3,876 $ 3,874 Variable lease expense 412 406 1,273 1,192 Short-term and other lease expense (includes $117 and $116 recorded in advertising and marketing for the three months ended June 30, 2024 and 2023, respectively, and $342 and $243 for the nine months ended June 30, 2024 and 2023, respectively; and $159 and $145 recorded in repairs and maintenance for the three months ended June 30, 2024 and 2023, respectively, and $447 and $410 for the nine months ended June 30, 2024 and 2023, respectively; see Note 5 ) 365 364 1,042 950 Sublease income — — — — Total lease expense, net $ 2,069 $ 2,097 $ 6,191 $ 6,016 Other information: Operating cash outflows from operating leases $ 2,036 $ 2,055 $ 6,085 $ 5,885 Weighted average remaining lease term – operating leases 10.1 years 10.7 years Weighted average discount rate – operating leases 5.8 % 5.8 %
Schedule of Future Maturities of Operating Lease Liabilities	Future maturities of operating lease liabilities as of June 30, 2024 are as follows (in thousands): Principal Payments Interest Payments Total Payments July 2024 - June 2025 $ 3,161 $ 1,926 $ 5,087 July 2025 - June 2026 3,445 1,740 5,185 July 2026 - June 2027 3,580 1,538 5,118 July 2027 - June 2028 3,081 1,345 4,426 July 2028 - June 2029 3,081 1,168 4,249 Thereafter 19,592 3,771 23,363 $ 35,940 $ 11,488 $ 47,428

Supplemental Pro Forma Inform_2

Supplemental Pro Forma Information on Prior Year Business Acquisition (Tables)	9 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Unaudited Pro Forma Combined Results of Operations	In relation to the acquisition of the Baby Dolls-Chicas Locas clubs in March 2023, below are certain unaudited pro forma combined results of operations of the Company and the five acquired clubs and related assets as though the acquisition occurred at the beginning of fiscal 2022 (in thousands, except per share amounts and number of shares): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Pro forma revenues $ 76,180 $ 77,055 $ 222,370 $ 231,479 Pro forma net income (loss) attributable to RCIHH common stockholders $ (5,233) $ 9,085 $ 2,767 $ 26,129 Pro forma earnings (loss) per share - basic and diluted $ (0.56) $ 0.96 $ 0.30 $ 2.77 Pro forma weighted average shares used in computing earnings (loss) per share - basic and diluted 9,278,921 9,430,225 9,332,249 9,430,236

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregation of Segment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 76,180	$ 77,055	$ 222,370	$ 218,540
Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	75,766	76,591	221,098	217,126
Recognized over time
Disaggregation of Revenue [Line Items]
Total revenues	414	464	1,272	1,414
Nightclubs
Disaggregation of Revenue [Line Items]
Total revenues	62,823	62,449	183,228	175,805
Nightclubs | Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	62,411	61,986	181,960	174,481
Nightclubs | Recognized over time
Disaggregation of Revenue [Line Items]
Total revenues	412	463	1,268	1,324
Bombshells
Disaggregation of Revenue [Line Items]
Total revenues	13,139	14,397	38,641	42,143
Bombshells | Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	13,137	14,396	38,637	42,098
Bombshells | Recognized over time
Disaggregation of Revenue [Line Items]
Total revenues	2	1	4	45
Other
Disaggregation of Revenue [Line Items]
Total revenues	218	209	501	592
Other | Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	218	209	501	547
Other | Recognized over time
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	45
Sales of alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	34,442	34,151	100,665	93,937
Sales of alcoholic beverages | Nightclubs
Disaggregation of Revenue [Line Items]
Total revenues	27,413	26,144	79,595	70,433
Sales of alcoholic beverages | Bombshells
Disaggregation of Revenue [Line Items]
Total revenues	7,029	8,007	21,070	23,504
Sales of alcoholic beverages | Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Sales of food and merchandise
Disaggregation of Revenue [Line Items]
Total revenues	11,736	11,405	33,606	32,757
Sales of food and merchandise | Nightclubs
Disaggregation of Revenue [Line Items]
Total revenues	5,904	5,288	16,490	14,705
Sales of food and merchandise | Bombshells
Disaggregation of Revenue [Line Items]
Total revenues	5,832	6,117	17,116	18,052
Sales of food and merchandise | Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Service revenues
Disaggregation of Revenue [Line Items]
Total revenues	25,268	26,663	73,951	77,916
Service revenues | Nightclubs
Disaggregation of Revenue [Line Items]
Total revenues	25,103	26,497	73,784	77,716
Service revenues | Bombshells
Disaggregation of Revenue [Line Items]
Total revenues	165	166	167	200
Service revenues | Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Other revenues
Disaggregation of Revenue [Line Items]
Total revenues	4,734	4,836	14,148	13,930
Other revenues | Nightclubs
Disaggregation of Revenue [Line Items]
Total revenues	4,403	4,520	13,359	12,951
Other revenues | Bombshells
Disaggregation of Revenue [Line Items]
Total revenues	113	107	288	387
Other revenues | Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 218	$ 209	$ 501	$ 592

Revenues - Schedule of Reconcil

Revenues - Schedule of Reconciliation of Contract Liabilities with Customers (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2024 USD ($)
Contract With Customer Liability [Roll Forward]
Beginning balance	$ 96
Net Consideration Received (Refunded)	732
Recognized in Revenue	(334)
Ending balance	494
Ad revenue
Contract With Customer Liability [Roll Forward]
Beginning balance	49
Net Consideration Received (Refunded)	333
Recognized in Revenue	(330)
Ending balance	52
Expo revenue
Contract With Customer Liability [Roll Forward]
Beginning balance	1
Net Consideration Received (Refunded)	399
Recognized in Revenue	0
Ending balance	400
Franchise fees and other
Contract With Customer Liability [Roll Forward]
Beginning balance	46
Net Consideration Received (Refunded)	0
Recognized in Revenue	(4)
Ending balance	$ 42

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues (from external customers)	$ 76,180	$ 77,055	$ 222,370	$ 218,540
Income (loss) from operations	(2,536)	15,515	15,286	45,840
Depreciation and amortization	3,901	4,041	11,638	11,108
Capital expenditures	6,417	9,029	19,219	29,919
Total assets	600,989		600,989		$ 610,884
Nightclubs
Segment Reporting Information [Line Items]
Revenues (from external customers)	62,823	62,449	183,228	175,805
Income (loss) from operations	13,640	20,392	45,030	61,127
Depreciation and amortization	2,996	2,915	8,828	7,864
Capital expenditures	2,424	5,915	6,655	14,598
Total assets	468,704		468,704		483,563
Bombshells
Segment Reporting Information [Line Items]
Revenues (from external customers)	13,139	14,397	38,641	42,143
Income (loss) from operations	(8,914)	1,701	(8,129)	5,323
Depreciation and amortization	615	611	1,908	2,000
Capital expenditures	1,684	1,438	5,127	11,940
Total assets	80,238		80,238		85,215
Other
Segment Reporting Information [Line Items]
Revenues (from external customers)	218	209	501	592
Income (loss) from operations	(108)	(300)	(581)	(653)
Depreciation and amortization	3	212	7	338
Capital expenditures	2,288	165	5,991	243
Total assets	14,026		14,026		6,936
Corporate
Segment Reporting Information [Line Items]
Income (loss) from operations	(7,154)	(6,278)	(21,034)	(19,957)
Depreciation and amortization	287	303	895	906
Capital expenditures	21	$ 1,511	1,446	$ 3,138
Total assets	$ 38,021		$ 38,021		$ 35,170

Segment Information - Narrative

Segment Information - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Total revenues	$ 76,180	$ 77,055	$ 222,370	$ 218,540
Nightclubs
Segment Reporting Information [Line Items]
Total revenues	62,823	62,449	183,228	175,805
Nightclubs | Intercompany Rental Revenue
Segment Reporting Information [Line Items]
Total revenues	4,700	4,300	13,800	11,900
Corporate | Intercompany Rental Revenue
Segment Reporting Information [Line Items]
Total revenues	21	32	269	294
Other
Segment Reporting Information [Line Items]
Total revenues	218	209	501	592
Other | Intercompany Sales
Segment Reporting Information [Line Items]
Total revenues	$ 66	$ 73	$ 194	$ 188

Selected Account Information -

Selected Account Information - Schedule of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Sep. 30, 2023
Selected Account Information [Abstract]
Credit card receivables	$ 4,102	$ 4,141
Income tax refundable	54	2,989
ATM in-transit	1,701	1,675
Allowance for doubtful accounts	44	62
Other (net of allowance for doubtful accounts of $44 and $62, respectively)	937	1,041
Total accounts receivable, net	$ 6,794	$ 9,846

Selected Account Information _2

Selected Account Information - Narrative (Details) $ in Thousands	3 Months Ended				9 Months Ended
	Jun. 30, 2024 USD ($) club restaurant	Mar. 31, 2024 USD ($) club	Jun. 30, 2023 USD ($) club	Mar. 31, 2023 USD ($) club	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of clubs related to license impairment | club	2	4	1
Goodwill impairment	$ 6,000	$ 2,900	$ 1,200	$ 662
Number of clubs related to goodwill impairment | club	4	2	1	1
Number of clubs related to tradename impairment | club		1
Operating lease, impairment loss	$ 5,700		$ 1,000
Number of restaurants related to operating lease impairment | restaurant	5
Impairment of assets	$ 17,931		2,631		$ 25,964	$ 3,293
Number of clubs related to property and equipment impairment | club	1
Number of restaurants related to property and equipment impairment | restaurant	5
Settlement of lawsuits	$ 141		63	$ 3,100	$ 308	$ 3,183
Property, Plant and Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Impairment of assets	4,800		58
New York Department of Labor
Financing Receivable, Allowance for Credit Loss [Line Items]
Settlement of lawsuits				$ 2,800
SOB Licenses
Financing Receivable, Allowance for Credit Loss [Line Items]
Indefinite-lived intangible assets impairment	$ 1,400	$ 4,400	$ 380
Trade Names
Financing Receivable, Allowance for Credit Loss [Line Items]
Indefinite-lived intangible assets impairment		$ 693
Minimum
Financing Receivable, Allowance for Credit Loss [Line Items]
Interest rate on notes receivable	6%				6%
Notes receivable, term					1 year
Maximum
Financing Receivable, Allowance for Credit Loss [Line Items]
Interest rate on notes receivable	9%				9%
Notes receivable, term					20 years

Selected Account Information _3

Selected Account Information - Schedule of Components of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Sep. 30, 2023
Selected Account Information [Abstract]
Prepaid insurance	$ 3,287	$ 375
Prepaid legal	165	184
Prepaid taxes and licenses	778	486
Prepaid rent	406	346
Other	821	552
Total prepaid expenses and other current assets	$ 5,457	$ 1,943

Selected Account Information _4

Selected Account Information - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Sep. 30, 2023
Selected Account Information [Abstract]
Insurance	$ 2,965	$ 9
Sales and liquor taxes	2,490	2,468
Payroll and related costs	5,047	4,412
Property taxes	2,332	3,086
Interest	632	654
Patron tax	1,226	914
Unearned revenues	494	96
Lawsuit settlement	2,265	2,448
Other	2,704	1,964
Total accrued liabilities	$ 20,155	$ 16,051

Selected Account Information _5

Selected Account Information - Schedule of Selling, General and Administrative Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Selected Account Information [Abstract]
Taxes and permits	$ 4,575	$ 2,969	$ 12,584	$ 8,392
Advertising and marketing	3,072	3,284	9,539	8,685
Supplies and services	2,642	2,865	8,073	7,946
Insurance	3,183	2,718	9,763	7,538
Legal	1,034	754	2,883	3,035
Lease	1,793	1,836	5,402	5,363
Charge card fees	1,798	1,792	5,212	5,372
Utilities	1,467	1,443	4,414	4,067
Security	1,178	1,523	3,876	3,995
Stock-based compensation	471	470	1,412	2,117
Accounting and professional fees	910	1,050	3,232	3,225
Repairs and maintenance	1,154	1,367	3,367	3,738
Other	1,780	1,732	5,154	5,088
Total selling, general and administrative expenses	$ 25,057	$ 23,803	$ 74,911	$ 68,561

Selected Account Information _6

Selected Account Information - Schedule of Components of Other Charges, Net (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Selected Account Information [Abstract]
Impairment of assets	$ 17,931	$ 2,631		$ 25,964	$ 3,293
Settlement of lawsuits	141	63	$ 3,100	308	3,183
Loss (gain) on disposal of businesses and assets	188	(105)		180	(692)
Gain on insurance	0	0		0	(91)
Total other charges, net	$ 18,260	$ 2,589		$ 26,452	$ 5,693

Debt (Details)

Debt (Details)	Apr. 30, 2024 USD ($)	Nov. 17, 2023 USD ($) monthly_installment	Oct. 25, 2023 USD ($) investor	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Oct. 31, 2021 USD ($)
Debt Instrument [Line Items]
Number of investors returning for cancellation | investor			26
Long-term debt, maturity, year one				$ 29,400,000
Long-term debt, maturity, year two				13,600,000
Long-term debt, maturity, year three				23,700,000
Long-term debt, maturity, year four				28,700,000
Long-term debt, maturity, year five				15,500,000
Long-term debt, maturity, after year five				137,400,000
Debt issuance costs, net				3,000,000	$ 2,900,000
Scheduled Balloon Payments Of Debt
Debt Instrument [Line Items]
Long-term debt, maturity, year one				15,300,000
Long-term debt, maturity, year two				0
Long-term debt, maturity, year three				9,100,000
Long-term debt, maturity, year four				7,900,000
Long-term debt, maturity, year five				200,000
Long-term debt, maturity, after year five				$ 84,900,000
Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount	$ 20,000,000
Debt instrument, interest rate, stated percentage	8.25%
Debt instrument, term	10 years
Debt instrument, periodic payment	$ 170,408
Interest rate, term	5 years
Debt instrument, basis spread on variable rate	3.62%
Amortization period of interest	20 years
Monthly payment, term	5 years
Payment of debt issuance costs	$ 356,000
Minimum tangible net worth	$ 25,000,000
Term Loan | Interest Rate Floor
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	6.50%
Unsecured Debt
Debt Instrument [Line Items]
Number of Investors | investor			26
Debt instrument, face amount			$ 15,700,000
Debt instrument, interest rate, stated percentage			12%
Debt instrument, term			10 years
Unsecured Debt | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt instrument, face amount			$ 9,100,000
Unsecured Debt | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Debt instrument, face amount			$ 6,600,000			$ 7,500,000
Construction Loans
Debt Instrument [Line Items]
Debt instrument, face amount		$ 7,200,000
Debt instrument, interest rate, stated percentage		8.50%
Number of monthly installments | monthly_installment		120
Final payment of principal and interest, period		120 months
Construction Loans | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt instrument, interest-only period		18 months
Construction Loans | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Number of monthly installments | monthly_installment		101
Debt instrument, periodic payment		$ 63,022

Stock-based Compensation (Detai

Stock-based Compensation (Details) $ / shares in Units, $ in Thousands			3 Months Ended		9 Months Ended
	Feb. 09, 2022	Feb. 07, 2022 member shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation | $			$ 471	$ 470	$ 1,412	$ 2,117
Unrecognized stock based compensation expense, stock options | $			$ 3,100		$ 3,100
Compensation cost not yet recognized, period for recognition					1 year 7 months 6 days
Vesting period	4 years
Expiration period	5 years
Weighted average grant date fair value (in dollars per share) | $ / shares					$ 31.37
Options exercised (in shares)			0		0
Options exercisable (in shares)			180,000		180,000
Share-Based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dilutive share (in shares)			300,000	300,000	300,000	300,000
Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20%
Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20%
Share-Based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20%
Share-Based Payment Arrangement, Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20%
Share-Based Payment Arrangement, Tranche Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20%
2022 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in 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)		300,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Current income tax expense (benefit)	$ (1,400)	$ 2,300	$ 378	$ 7,400
Effective income tax rate	21.50%	20.10%	12%	21.60%

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Federal statutory income tax expense	21%	21%	21%	21%
State income taxes, net of federal benefit	3.20%	2.10%	4.30%	3.40%
Permanent differences	(0.30%)	0.50%	3.20%	0.50%
Tax credits	(2.30%)	(3.70%)	(16.80%)	(3.40%)
Other	(0.10%)	0.10%	0.30%	0.10%
Total income tax expense	21.50%	20.10%	12%	21.60%

Commitments and Contingencies -

Commitments and Contingencies - Tax Patron Tax (Details)	9 Months Ended
	Jun. 30, 2024 USD ($) plaintiff
Commitments and Contingencies Disclosure [Abstract]
Number of plaintiffs | plaintiff	5
Patron tax on monthly basis per customer | $	$ 5

Commitments and Contingencies_2

Commitments and Contingencies - Indemnity Insurance Corporation (Details) - Indemnity Insurance Corporation - claim		9 Months Ended
	Apr. 10, 2014	Jun. 30, 2024
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 - Other (Details) $ in Thousands	1 Months Ended
	Sep. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Apr. 30, 2017 USD ($)	May 29, 2024 individual executive club
Loss Contingencies [Line Items]
Litigation settlement, amount awarded to other party	$ 280	$ 2,800
Number of clubs impacted by search warrants | club				3
Number of individuals impacted by search warrants of phones | individual				3
Number of executives impacted by search warrants of phones | executive				2
Compensatory Damages | JAI Phoenix
Loss Contingencies [Line Items]
Loss contingency, damages sought, value			$ 1,400
Punitive Damages | JAI Phoenix
Loss Contingencies [Line Items]
Loss contingency, damages sought, value			$ 4,000

Commitments and Contingencies_4

Commitments and Contingencies - General (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Litigation settlement, expense	$ 141	$ 63	$ 3,100	$ 308	$ 3,183
Lawsuit settlement	$ 2,300			$ 2,300		$ 2,400

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Related Party Transaction [Line Items]
Accounts payable		$ 5,519,000		$ 5,519,000		$ 6,111,000
Nottingham Creations and Sherwood Forest Creations LLC
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		0	$ 0	344,798	$ 188,285
TW Mechanical LLC
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		0	8,823	3,160	9,202
Related Party | Ed Anakar and Nourdean Anakar
Related Party Transaction [Line Items]
Proceeds from related party debt	$ 500,000
Related Party | Allen Chhay and Bradley Chhay
Related Party Transaction [Line Items]
Proceeds from related party debt	$ 150,000
Related Party | Nottingham Creations and Sherwood Forest Creations LLC
Related Party Transaction [Line Items]
Accounts payable		24,163		24,163		10,700
Related Party | TW Mechanical LLC
Related Party Transaction [Line Items]
Accounts payable		$ 0		$ 0		0
Related party, ownership percentage		50%		50%
Related Party | TW Mechanical LLC | Third-Party General Contractor
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		$ 0	$ 171,435	$ 0	$ 235,738
Commercial Bank Indebtedness
Related Party Transaction [Line Items]
Long-term debt		$ 136,400,000		$ 136,400,000		$ 119,200,000

Leases - Schedule of Lease Expe

Leases - Schedule of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Operating lease expense – fixed payments	$ 1,292	$ 1,327	$ 3,876	$ 3,874
Variable lease expense	412	406	1,273	1,192
Short-term and other lease expense (includes $117 and $116 recorded in advertising and marketing for the three months ended June 30, 2024 and 2023, respectively, and $342 and $243 for the nine months ended June 30, 2024 and 2023, respectively; and $159 and $145 recorded in repairs and maintenance for the three months ended June 30, 2024 and 2023, respectively, and $447 and $410 for the nine months ended June 30, 2024 and 2023, respectively; see Note 5)	365	364	1,042	950
Sublease income	0	0	0	0
Total lease expense, net	2,069	2,097	6,191	6,016
Operating cash outflows from operating leases	$ 2,036	$ 2,055	$ 6,085	$ 5,885
Weighted average remaining lease term – operating leases	10 years 1 month 6 days	10 years 8 months 12 days	10 years 1 month 6 days	10 years 8 months 12 days
Weighted average discount rate – operating leases	5.80%	5.80%	5.80%	5.80%
Advertising and marketing	$ 3,072	$ 3,284	$ 9,539	$ 8,685
Repairs and maintenance	1,154	1,367	3,367	3,738
Equipment
Property, Plant and Equipment [Line Items]
Advertising and marketing	117	116	342	243
Repairs and maintenance	$ 159	$ 145	$ 447	$ 410

Leases - Schedule of Future Mat

Leases - Schedule of Future Maturities of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Lessee, Lease, Description [Line Items]
July 2024 - June 2025	$ 5,087
July 2025 - June 2026	5,185
July 2026 - June 2027	5,118
July 2027 - June 2028	4,426
July 2028 - June 2029	4,249
Thereafter	23,363
Future maturities of lease liabilities	47,428
Principal Payments
Lessee, Lease, Description [Line Items]
July 2024 - June 2025	3,161
July 2025 - June 2026	3,445
July 2026 - June 2027	3,580
July 2027 - June 2028	3,081
July 2028 - June 2029	3,081
Thereafter	19,592
Future maturities of lease liabilities	35,940
Interest Payments
Lessee, Lease, Description [Line Items]
July 2024 - June 2025	1,926
July 2025 - June 2026	1,740
July 2026 - June 2027	1,538
July 2027 - June 2028	1,345
July 2028 - June 2029	1,168
Thereafter	3,771
Future maturities of lease liabilities	$ 11,488

Supplemental Pro Forma Inform_3

Supplemental Pro Forma Information on Prior Year Business Acquisition - Narrative (Details) - Baby Dolls-Chicas Locas $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Mar. 31, 2023 club	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) note shares	Jun. 30, 2023 USD ($)
Business Acquisition [Line Items]
Number of clubs acquired | club	5
Business combination, acquisition related costs		$ 0		$ 292
Common Stock
Business Acquisition [Line Items]
Common stock issued as partial consideration (in shares) | shares			200,000
Notes Payable to Banks | Nine Secured Promissory Notes
Business Acquisition [Line Items]
Number of seller-financed notes | note			9
Revolving Credit Facility | Line of Credit
Business Acquisition [Line Items]
Debt instrument, face amount			$ 10,000

Supplemental Pro Forma Inform_4

Supplemental Pro Forma Information on Prior Year Business Acquisition - Schedule of Unaudited Pro Forma Combined Results of Operations (Details) - Baby Dolls-Chicas Locas - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Business Acquisition [Line Items]
Pro forma revenues	$ 76,180	$ 77,055	$ 222,370	$ 231,479
Pro forma net income (loss) attributable to RCIHH common stockholders	$ (5,233)	$ 9,085	$ 2,767	$ 26,129
Pro forma earnings per share – basic (in dollars per share)	$ (0.56)	$ 0.96	$ 0.30	$ 2.77
Pro forma earnings per share – diluted (in dollars per share)	$ (0.56)	$ 0.96	$ 0.30	$ 2.77
Pro forma weighted average shares used in computing earnings per share - basic (in shares)	9,278,921	9,430,225	9,332,249	9,430,236
Pro forma weighted average shares used in computing earnings per share - diluted (in shares)	9,278,921	9,430,225	9,332,249	9,430,236

Subsequent Events (Details)

Subsequent Events (Details)		1 Months Ended	9 Months Ended
	Jul. 23, 2024 USD ($)	Aug. 05, 2024 $ / shares shares	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jul. 11, 2024 USD ($)
Subsequent Event [Line Items]
Repayment of debt principal			$ 17,137,000	$ 11,431,000
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, increase in the company's share repurchase program					$ 25,000,000
Common stock repurchase (in shares) | shares		133,244
Shares acquired, average cost (in dollars per share) | $ / shares		$ 44.86
Unsecured Debt | Subsequent Event
Subsequent Event [Line Items]
Long-term debt	$ 5,200,000
Long-term debt, term	16 months
Repayment of debt principal	$ 1,500,000
Fee on remaining principal (as a percent)	0.01
Debt instrument, periodic payment	$ 79,290