XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Revenues:        
Sales of alcoholic beverages $ 11,044 $ 10,406 $ 21,449 $ 19,322
Sales of food and merchandise 2,878 2,335 5,456 4,333
Service revenues 13,052 11,281 25,707 21,167
Other 1,754 1,392 3,257 2,610
Total revenues 28,728 25,414 55,869 47,432
Operating expenses:        
Cost of goods sold 3,495 3,390 6,881 6,322
Salaries and wages 6,149 5,204 12,187 10,130
Stock compensation 281 12 563 21
Other general and administrative:        
Taxes and permits 4,573 3,953 8,794 7,404
Charge card fees 342 373 716 681
Rent 783 721 1,353 1,424
Legal and professional 980 741 1,621 1,441
Advertising and marketing 1,162 1,040 2,271 2,035
Insurance 570 347 1,069 638
Utilities 552 406 1,041 807
Depreciation and amortization 1,312 1,190 2,632 2,310
Settlement of lawsuit 0 1,831 0 1,831
Other 2,353 1,750 4,631 3,568
Total operating expenses 22,552 20,958 43,759 38,612
Operating income 6,176 4,456 12,110 8,820
Other income (expense):        
Interest income 1 1 8 3
Interest expense (1,762) (1,106) (3,405) (2,079)
Gain on change in fair value of derivative instruments 1 40 1 138
Income from continuing operations before income taxes 4,416 3,391 8,714 6,882
Income taxes 1,615 1,134 3,199 2,342
Income from continuing operations 2,801 2,257 5,515 4,540
Loss from discontinued operations, net of income taxes (3) (87) (17) (133)
Net income 2,798 2,170 5,498 4,407
Less: net income attributable to noncontrolling interests (53) (53) (106) (106)
Net income attributable to Rick's Cabaret International, Inc. $ 2,745 $ 2,117 $ 5,392 $ 4,301
Basic earnings (loss) per share attributable to Rick's shareholders:        
Income from continuing operations (in dollars per share) $ 0.29 $ 0.23 $ 0.57 $ 0.46
Loss from discontinued operations (in dollars per share) $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Net income (in dollars per share) $ 0.29 $ 0.22 $ 0.56 $ 0.44
Diluted earnings (loss) per share attributable to Rick's shareholders:        
Income from continuing operations (in dollars per share) $ 0.29 $ 0.23 $ 0.56 $ 0.46
Loss from discontinued operations (in dollars per share) $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Net income (in dollars per share) $ 0.29 $ 0.22 $ 0.56 $ 0.44
Weighted average number of common shares outstanding:        
Basic (in shares) 9,514 9,720 9,544 9,703
Diluted (in shares) 9,988 9,731 9,871 9,710