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EARNINGS PER SHARE (EPS) (Tables)
 3 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Diluted EPS considers the potential dilution that could occur if the Company’s outstanding common stock options, warrants and convertible debentures were converted into common stock that then shared in the Company’s earnings (as adjusted for interest expense that would no longer occur if the debentures were converted).

 

(in thousands, except per share data) FOR THE QUARTER ENDED 
  DECEMBER 31, 
  2012  2011 
Basic earnings per share:      
Income from continuing operations attributable to Rick's shareholders $2,661  $2,233 
Loss from discontinued operations, net of income taxes  (14)  (48)
Net income attributable to Rick's shareholders $2,647  $2,185 
Average number of common shares outstanding  9,575   9,685 
Basic earnings per share:        
Income from continuing operations attributable to Rick's shareholders $0.28  $0.23 
Discontinued operations $(0.00) $(0.00)
Net income attributable to Rick's shareholders $0.28  $0.23 
Diluted earnings per share:        
Income from continuing operations attributable to Rick's shareholders $2,661  $2,233 
Adjustment. to net earnings from assumed conversion of debentures (2)  65   - 
Adjusted income from continuing operations  2,726   2,233 
Discontinued operations  (14)  (48)
Adjusted net income attributable to Rick's shareholders $2,712  $2,185 
Average number of common shares outstanding:        
Common shares outstanding  9,575   9,685 
Potential dilutive shares resulting from exercise of warrants and options (1)  4   2 
Potential dilutive shares resulting from conversion of debentures (2)  254   - 
Total average number of common shares outstanding used for dilution  9,833   9,687 
Diluted earnings per share:        
Income from continuing operations attributable to Rick's shareholders $0.28  $0.23 
Discontinued operations $(0.00) $(0.00)
Net income attributable to Rick's shareholders $0.28  $0.23 

 

(1)  All outstanding warrants and options were considered for the EPS computation. Potential dilutive options and warrants of 864,081 for the three months ended December 31, 2012 have been excluded from earnings per share due to being anti-dilutive.

(2)  Convertible debentures (principal and accrued interest) outstanding at December 31, 2012 and 2011 totaling $2,598,771 and $6,283,919, respectively, were convertible into common stock at a price of $10.00 and $10.25 per share in 2012 and 2011.

 

*EPS may not foot due to rounding.