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Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2018

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 Six Months
		Ended March 31,								Ended March 31,
		2018				2017				2018				2017
Numerator -
Net income attributable to RCIHH common shareholders - basic		$	4,685			$	3,759			$	18,996			$	6,657
Adjustment to net income from assumed conversion of debentures(2)			-				-				-				5
Adjusted net income attributable to RCIHH common shareholders - diluted		$	4,685			$	3,759			$	18,996			$	6,662
Denominator(1)(3)-
Weighted average number of common shares outstanding - basic			9,719				9,719				9,719				9,744
Effect of potentially dilutive convertible debentures(2)			-				2				-				24
Adjusted weighted average number of common shares outstanding - diluted			9,719				9,721				9,719				9,768

Basic earnings per share		$	0.48			$	0.39			$	1.95			$	0.68
Diluted earnings per share		$	0.48			$	0.39			$	1.95			$	0.68

(1)	There were no outstanding restricted stock, warrants and options during the three and six months ended March 31, 2018 and 2017.

(2)	Convertible debentures (principal and accrued interest) outstanding at the beginning of the quarters ended March 31, 2018 and 2017 totaling $0 and $859,000, respectively, were convertible into common stock at a price of $10.25 and $12.50 per share until January 4, 2017, when the last conversion option expired in relation to the payment of the last convertible note.

(3)	Since January 4, 2017 to date, the Company has no outstanding convertible debt.