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EARNINGS PER SHARE ("EPS")
 9 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
8.       EARNINGS PER SHARE ("EPS")
 
The Company computes earnings per share in accordance with FASB ASC 260, Earnings Per Share.  ASC 260 provides for the calculation of basic and diluted earnings per share.  Basic earnings per share includes no dilution and is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period.  Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company. 
 
Potential common stock shares consist of shares that may arise from outstanding dilutive common stock warrants and options (the number of which is computed using the "treasury stock method") and from outstanding convertible debentures (the number of which is computed using the "if converted method").
 
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).
 
 
 
FOR THE QUARTER
 
FOR THE NINE MONTHS
 
 
 
ENDED JUNE 30,
 
ENDED JUNE 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Rick's shareholders
 
$
2,319
 
$
1,845
 
$
7,728
 
$
6,279
 
Loss from discontinued operations, net of income taxes
 
 
(124)
 
 
(22)
 
 
(141)
 
 
(155)
 
Net income attributable to Rick's shareholders
 
$
2,195
 
$
1,823
 
$
7,587
 
$
6,124
 
Average number of common shares outstanding
 
 
9,479
 
 
9,725
 
 
9,523
 
 
9,710
 
Basic earnings per share - income from continuing operations
 
$
0.24
 
$
0.19
 
$
0.81
 
$
0.65
 
Basic earnings per share - discontinued operations
 
$
(0.01)
 
$
(0.00)
 
$
(0.01)
 
$
(0.02)
 
Basic earnings per share - net income attributable to Rick's shareholders
 
$
0.23
 
$
0.19
 
$
0.80
 
$
0.63
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Rick's shareholders
 
$
2,319
 
$
1,845
 
$
7,728
 
$
6,279
 
Adustment. to net earnings from assumed conversion of debentures (1)
 
 
23
 
 
-
 
 
221
 
 
-
 
Adjusted income from continuing operations
 
 
2,342
 
 
1,845
 
 
7,949
 
 
6,279
 
Discontinued operations
 
 
(124)
 
 
(22)
 
 
(141)
 
 
(155)
 
Adjusted net income attributable to Rick's shareholders
 
$
2,218
 
$
1,823
 
$
7,808
 
$
6,124
 
Average number of common shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common shares outstanding
 
 
9,479
 
 
9,725
 
 
9,523
 
 
9,710
 
Potential dilutive shares resulting from exercise of warrants and options (2)
 
 
22
 
 
6
 
 
22
 
 
7
 
Potential dilutive shares resulting from conversion of debentures (3)
 
 
146
 
 
-
 
 
326
 
 
-
 
Total average number of common shares outstanding used for dilution
 
 
9,647
 
 
9,731
 
 
9,871
 
 
9,717
 
Diluted earnings per share - income from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
attributable to Rick's shareholders
 
$
0.24
 
$
0.19
 
$
0.81
 
$
0.65
 
Diluted earnings per share - discontinued operations
 
$
(0.01)
 
$
(0.00)
 
$
(0.01)
 
$
(0.02)
 
Diluted earnings per share - net income attributable to Rick's shareholders
 
$
0.23
 
$
0.19
 
$
0.79
 
$
0.63
 
 
*  EPS may not foot due to rounding.
 
(1)  Represents interest expense on dilutive convertible debentures that would not occur if they were assumed converted.
(2) All outstanding warrants and options were considered for the EPS computation. 
(3) Convertible debentures (principal and accrued interest) outstanding at June 30, 2013 and 2012 totaling approximately $5.3 million and $4.4 million, respectively, were convertible into common stock at a price of $10.00 and $10.25 per share in 2013 and $10.00 and $10.25 in 2012. Potential dilutive shares of 375,000 and zero for the three and nine months ended June 30, 2013 and 433,533 and 719,056 for the three and nine months ended June 30, 2012, respectively, have been excluded from earnings per share due to being anti-dilutive.