XML 28 R13.htm IDEA: XBRL DOCUMENT
v3.20.4

Revision of Prior Year Immaterial Misstatement | 12 Months Ended
--- | ---
Sep. 30, 2020
Accounting Changes and Error Corrections [Abstract] |
Revision of Prior Year Immaterial Misstatement | 4. Revision of Prior Year Immaterial Misstatement During the fourth quarter ended September 30, 2020, the Company identified an error in the calculation of income taxes in relation to a disposed entity during the fiscal 2019 first quarter ended December 31, 2018. The error related to the recognition of income tax receivable on the disposed entity. The Company determined the amount of the income tax receivable to be recognized with a consequent credit to income tax expense as $1.1 million. The Company assessed the materiality of the error considering both qualitative and quantitative factors and determined that the error was immaterial for fiscal 2019 but material if recorded as an out-of-period adjustment in fiscal 2020. Therefore, the Company has decided to correct the error as a revision to our previously issued financial statements and has adjusted this Form 10-K insofar as fiscal 2019 is concerned. The tables below present the impact of the revision in the Company’s consolidated financial statements (in thousands, except per share amounts): Schedule of Impact of Revisions in Financial Statements
|  | Fiscal 2019 |
|  | First Quarter |  |  | Full Year |
Consolidated Statement of Income/Comprehensive Income: |  |  |  |  |  |  |  |
As previously reported — |  |  |  |  |  |  |  |
Income tax expense |  | $ | 1,811 |  |  | $ | 4,863 |
Net income |  | $ | 6,404 |  |  | $ | 19,326 |
Net income attributable to RCIHH common stockholders |  | $ | 6,344 |  |  | $ | 19,175 |
Earnings per share - basic and diluted |  | $ | 0.65 |  |  | $ | 1.99 |
Comprehensive income |  | $ | 6,404 |  |  | $ | 19,106 |
Comprehensive income attributable to RCIHH common stockholders |  | $ | 6,344 |  |  | $ | 18,955 |
Adjustments — |  |  |  |  |  |  |  |
Income tax expense |  | $ | (1,119 | ) |  | $ | (1,119 | )
Net income |  | $ | 1,119 |  |  | $ | 1,119 |
Net income attributable to RCIHH common stockholders |  | $ | 1,119 |  |  | $ | 1,119 |
Earnings per share - basic and diluted |  | $ | 0.12 |  |  | $ | 0.12 |
Comprehensive income |  | $ | 1,119 |  |  | $ | 1,119 |
Comprehensive income attributable to RCIHH common stockholders |  | $ | 1,119 |  |  | $ | 1,119 |
As revised — |  |  |  |  |  |  |  |
Income tax expense |  | $ | 692 |  |  | $ | 3,744 |
Net income |  | $ | 7,523 |  |  | $ | 20,445 |
Net income attributable to RCIHH common stockholders |  | $ | 7,463 |  |  | $ | 20,294 |
Earnings per share - basic and diluted |  | $ | 0.77 |  |  | $ | 2.10 |
Comprehensive income |  | $ | 7,523 |  |  | $ | 20,225 |
Comprehensive income attributable to RCIHH common stockholders |  | $ | 7,463 |  |  | $ | 20,074 |
|  | December 31, 2018 |  |  | March 31, 2019 |  |  | June 30, 2019 |  |  | September 30, 2019 |  |  | December 31, 2019 |  |  | March 31, 2020 |  |  | June 30, 2020 |
Consolidated Balance Sheet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As previously reported — |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 5,583 |  |  | $ | 5,579 |  |  | $ | 5,001 |  |  | $ | 6,289 |  |  | $ | 3,131 |  |  | $ | 3,559 |  |  | $ | 5,529 |
Total current assets |  | $ | 25,067 |  |  | $ | 21,859 |  |  | $ | 22,597 |  |  | $ | 34,771 |  |  | $ | 30,899 |  |  | $ | 26,767 |  |  | $ | 28,350 |
Total assets |  | $ | 349,522 |  |  | $ | 350,873 |  |  | $ | 350,878 |  |  | $ | 353,637 |  |  | $ | 376,173 |  |  | $ | 361,896 |  |  | $ | 360,374 |
Retained earnings |  | $ | 95,179 |  |  | $ | 101,623 |  |  | $ | 106,976 |  |  | $ | 107,049 |  |  | $ | 112,404 |  |  | $ | 108,584 |  |  | $ | 102,837 |
Total RCIHH stockholders’ equity |  | $ | 159,133 |  |  | $ | 163,971 |  |  | $ | 168,921 |  |  | $ | 168,457 |  |  | $ | 167,371 |  |  | $ | 161,504 |  |  | $ | 155,757 |
Total equity |  | $ | 159,090 |  |  | $ | 163,936 |  |  | $ | 168,906 |  |  | $ | 168,301 |  |  | $ | 167,205 |  |  | $ | 161,276 |  |  | $ | 155,435 |
Adjustments — |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 1,119 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total current assets |  | $ | 1,119 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 1,119 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  | $ | 1,119 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total RCIHH stockholders’ equity |  | $ | 1,119 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total equity |  | $ | 1,119 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As revised — |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 6,702 |  |  | $ | 6,698 |  |  | $ | 6,120 |  |  | $ | 7,408 |  |  | $ | 4,250 |  |  | $ | 4,678 |  |  | $ | 6,648 |
Total current assets |  | $ | 26,186 |  |  | $ | 22,978 |  |  | $ | 23,716 |  |  | $ | 35,890 |  |  | $ | 32,018 |  |  | $ | 27,886 |  |  | $ | 29,469 |
Total assets |  | $ | 350,641 |  |  | $ | 351,992 |  |  | $ | 351,997 |  |  | $ | 354,756 |  |  | $ | 377,292 |  |  | $ | 363,015 |  |  | $ | 361,493 |
Retained earnings |  | $ | 96,298 |  |  | $ | 102,742 |  |  | $ | 108,095 |  |  | $ | 108,168 |  |  | $ | 113,523 |  |  | $ | 109,703 |  |  | $ | 103,956 |
Total RCIHH stockholders’ equity |  | $ | 160,252 |  |  | $ | 165,090 |  |  | $ | 170,040 |  |  | $ | 169,576 |  |  | $ | 168,490 |  |  | $ | 162,623 |  |  | $ | 156,876 |
Total equity |  | $ | 160,209 |  |  | $ | 165,055 |  |  | $ | 170,025 |  |  | $ | 169,420 |  |  | $ | 168,324 |  |  | $ | 162,395 |  |  | $ | 156,554 |
The consolidated statement of cash flows are not presented because there is no impact on total cash flows from operating, investing, and financing activities. Certain components of net cash provided by operating activities changed due to the revision but the net change amounted to zero for both the quarter ended December 31, 2018 and fiscal year ended September 30, 2019. RCI HOSPITALITY HOLDINGS, INC. Notes to Consolidated Financial Statements

X
- References No definition available. + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -URI http://asc.fasb.org/topic&trid=2122394 + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration