XML 72 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2012
Revenues:      
Sales of alcoholic beverages $ 51,763rick_AlcoholicBeveragesRevenue $ 43,189rick_AlcoholicBeveragesRevenue $ 38,687rick_AlcoholicBeveragesRevenue
Sales of food and merchandise 15,847rick_FoodAndMerchandiseRevenue 12,249rick_FoodAndMerchandiseRevenue 8,810rick_FoodAndMerchandiseRevenue
Service revenues 54,666us-gaap_SalesRevenueServicesNet 49,974us-gaap_SalesRevenueServicesNet 41,942us-gaap_SalesRevenueServicesNet
Other 6,898rick_OtherRevenues 6,796rick_OtherRevenues 5,781rick_OtherRevenues
Total revenues 129,174us-gaap_Revenues 112,208us-gaap_Revenues 95,220us-gaap_Revenues
Operating expenses:      
Cost of goods sold 16,426us-gaap_CostOfGoodsSold 14,152us-gaap_CostOfGoodsSold 12,644us-gaap_CostOfGoodsSold
Salaries and wages 28,183us-gaap_SalariesAndWages 25,145us-gaap_SalariesAndWages 20,857us-gaap_SalariesAndWages
Stock-based compensation 282us-gaap_ShareBasedCompensation 847us-gaap_ShareBasedCompensation 315us-gaap_ShareBasedCompensation
Other general and administrative:      
Taxes and permits 20,056us-gaap_TaxesExcludingIncomeAndExciseTaxes 17,613us-gaap_TaxesExcludingIncomeAndExciseTaxes 14,758us-gaap_TaxesExcludingIncomeAndExciseTaxes
Charge card fees 1,790rick_ChargeCardFees 1,482rick_ChargeCardFees 1,352rick_ChargeCardFees
Rent 4,804us-gaap_LeaseAndRentalExpense 3,642us-gaap_LeaseAndRentalExpense 2,872us-gaap_LeaseAndRentalExpense
Legal and professional 3,416rick_LegalAndProfessionalFees 2,599rick_LegalAndProfessionalFees 3,426rick_LegalAndProfessionalFees
Advertising and marketing 5,578us-gaap_MarketingAndAdvertisingExpense 4,611us-gaap_MarketingAndAdvertisingExpense 4,046us-gaap_MarketingAndAdvertisingExpense
Depreciation and amortization 6,316us-gaap_DepreciationAndAmortization 5,337us-gaap_DepreciationAndAmortization 4,965us-gaap_DepreciationAndAmortization
Insurance 3,994us-gaap_GeneralInsuranceExpense 2,208us-gaap_GeneralInsuranceExpense 1,436us-gaap_GeneralInsuranceExpense
Utilities 2,684us-gaap_UtilitiesCosts 2,241us-gaap_UtilitiesCosts 1,749us-gaap_UtilitiesCosts
Loss on sale of property and other 279us-gaap_GainLossOnSaleOfPropertyPlantEquipment 18us-gaap_GainLossOnSaleOfPropertyPlantEquipment 332us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Impairment of assets 2,294us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges
Settlement of lawsuits and other one-time costs 3,696us-gaap_LitigationSettlementExpense 707us-gaap_LitigationSettlementExpense 2,533us-gaap_LitigationSettlementExpense
Other 10,501us-gaap_OtherGeneralExpense 9,723us-gaap_OtherGeneralExpense 7,676us-gaap_OtherGeneralExpense
Total operating expenses 110,299us-gaap_OperatingExpenses 90,325us-gaap_OperatingExpenses 78,961us-gaap_OperatingExpenses
Income from operations 18,875us-gaap_OperatingIncomeLoss 21,883us-gaap_OperatingIncomeLoss 16,259us-gaap_OperatingIncomeLoss
Other income (expense):      
Interest income 148us-gaap_InvestmentIncomeInterest 9us-gaap_InvestmentIncomeInterest 19us-gaap_InvestmentIncomeInterest
Interest expense (7,357)us-gaap_InterestExpenseDebt (6,538)us-gaap_InterestExpenseDebt (4,003)us-gaap_InterestExpenseDebt
Interest expense - loan origination costs (395)us-gaap_InterestExpenseOther (539)us-gaap_InterestExpenseOther (310)us-gaap_InterestExpenseOther
Gain on change in fair value of derivative instruments 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax 1us-gaap_GainLossOnDerivativeInstrumentsNetPretax 117us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Gain on contractual debt reduction 5,642rick_ContractualDebtReduction 0rick_ContractualDebtReduction 0rick_ContractualDebtReduction
Income before income taxes 16,913us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 14,816us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 12,082us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes 5,916us-gaap_IncomeTaxExpenseBenefit 5,414us-gaap_IncomeTaxExpenseBenefit 4,292us-gaap_IncomeTaxExpenseBenefit
Net income 10,997us-gaap_ProfitLoss 9,402us-gaap_ProfitLoss 7,790us-gaap_ProfitLoss
(Net income) loss attributable to noncontrolling interests 243us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (211)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (212)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to RCI Hospitality Holdings, Inc. $ 11,240us-gaap_NetIncomeLoss $ 9,191us-gaap_NetIncomeLoss $ 7,578us-gaap_NetIncomeLoss
Basic earnings per share attributable to RCIHH shareholders:      
Net income (in dollars per share) $ 1.15us-gaap_EarningsPerShareBasic $ 0.97us-gaap_EarningsPerShareBasic $ 0.78us-gaap_EarningsPerShareBasic
Diluted earnings per share attributable to RCIHH shareholders:      
Net income (in dollars per share) $ 1.13us-gaap_EarningsPerShareDiluted $ 0.96us-gaap_EarningsPerShareDiluted $ 0.78us-gaap_EarningsPerShareDiluted
Weighted average number of common shares outstanding:      
Basic (in shares) 9,816us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 9,518us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 9,691us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 10,637us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 9,615us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 9,697us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding