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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Revenues        
Sales of alcoholic beverages $ 14,235 $ 14,581 $ 28,610 $ 29,178
Sales of food and merchandise 4,353 4,609 8,560 8,943
Service revenues 14,170 13,205 27,645 25,846
Other 1,760 2,001 3,442 3,904
Total revenues 34,518 34,396 68,257 67,871
Operating expenses        
Cost of goods sold 4,968 5,227 9,849 10,411
Salaries and wages 9,717 9,257 19,369 18,614
Selling, general and administrative 10,609 10,601 21,802 21,461
Depreciation and amortization 1,608 1,826 3,226 3,643
Other charges, net 129 (65) 191 475
Total operating expenses 27,031 26,846 54,437 54,604
Income from operations 7,487 7,550 13,820 13,267
Other income (expenses)        
Interest expense (1,912) (1,965) (3,927) (3,880)
Interest income 89 1 126 5
Income before income taxes 5,664 5,586 10,019 9,392
Income taxes 1,908 293 3,358 1,660
Net income 3,756 5,293 6,661 7,732
Net loss (income) attributable to noncontrolling interests 3 212 (4) 325
Net income attributable to RCIHH common shareholders $ 3,759 $ 5,505 $ 6,657 $ 8,057
Earnings per share attributable to RCIHH common shareholders        
Basic $ 0.39 $ 0.55 $ 0.68 $ 0.79
Diluted $ 0.39 $ 0.54 $ 0.68 $ 0.79
Weighted average number of common shares outstanding        
Basic [1],[2] 9,719 10,013 9,744 10,154
Diluted [1],[2] 9,721 10,215 9,768 10,356
Dividends per share $ 0.03 $ 0.03 $ 0.06 $ 0.03
[1] All outstanding restricted stock, warrants and options were considered for the EPS computation. Potentially dilutive options and warrants of 121,180 for the three and six months ended March 31, 2016 have been excluded from earnings per share due to their being anti-dilutive. No restricted stock or options were outstanding during the three and six months ended March 31, 2017.
[2] As of March 31, 2017, the Company has no outstanding restricted stock, stock options, warrants or convertible debt.