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Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 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 Nine Months
		Ended June 30,								Ended June 30,
		2018				2017				2018				2017
Numerator -
Net income attributable to RCIHH common shareholders - basic		$	5,389			$	3,841			$	24,385			$	10,498
Adjustment to net income from assumed conversion of debentures(2)			-				-				-				5
Adjusted net income attributable to RCIHH common shareholders - diluted		$	5,389			$	3,841			$	24,385			$	10,503
Denominator(1)(3)-
Weighted average number of common shares outstanding - basic			9,719				9,719				9,719				9,735
Effect of potentially dilutive convertible debentures(2)			-				-				-				16
Adjusted weighted average number of common shares outstanding - diluted			9,719				9,719				9,719				9,751

Basic earnings per share		$	0.55			$	0.40			$	2.51			$	1.08
Diluted earnings per share		$	0.55			$	0.40			$	2.51			$	1.08

(1)	There were no outstanding restricted stock, warrants and options during the three and nine months ended June 30, 2018 and 2017.

(2)	Convertible debentures (principal and accrued interest) outstanding at the beginning of the nine months ended June 30, 2017 totaling $859,000 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.