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Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 2017

Earnings per share attributable to RCIHH common shareholders

Schedule of Earnings Per Share Basic and Diluted

The table below presents the reconciliation of the numerator and the denominator in the calculation of basic and diluted EPS (in thousands, except per share amounts):

	For the Three Months				For the Nine Months
	Ended June 30,				Ended June 30,
	2017		2016		2017		2016
Numerator -
Net income attributable to RCIHH common shareholders - basic	$	3,841	$	2,653	$	10,498	$	10,710
Adjustment to net income from assumed conversion of debentures(2)		-		33		5		100
Adjusted net income attributable to RCIHH common shareholders - diluted	$	3,841	$	2,686	$	10,503	$	10,810
Denominator(1)(3) -
Weighted average number of common shares outstanding - basic		9,719		9,906		9,735		10,071
Effect of potentially dilutive restricted stock, warrants and options		-		1		-		-
Effect of potentially dilutive convertible debentures(2)		-		140		16		140
Adjusted weighted average number of common shares outstanding - diluted		9,719		10,047		9,751		10,211

Basic earnings per share	$	0.40	$	0.27	$	1.08	$	1.06
Diluted earnings per share	$	0.40	$	0.27	$	1.08	$	1.06

(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 nine months ended June 30, 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 nine months ended June 30, 2017.

(2) Convertible debentures (principal and accrued interest) outstanding at the beginning of the three months ended June 30, 2017 and 2016 totaling $0 and $1.6 million, respectively, and at the beginning of the nine months ended June 30, 2017 and 2016 totaling $859,000 and $3.8 million, respectively, were convertible into common stock at a price of $10.25 and $12.50 per share in fiscal 2017, and $10.00, $10.25 and $12.50 per share in fiscal 2016. The last of the Company’s convertible notes had been fully paid in March 2017.

(3) As of June 30, 2017, the Company has no outstanding restricted stock, stock options, warrants or convertible debt.