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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The following tables summarize unaudited quarterly data for fiscal 2020, 2019, and 2018 (in thousands, except per share data): Schedule of Quarterly Financial Information
|  | For the Three Months Ended |
|  | December 31, 2019 |  |  | March 31, 2020 |  |  | June 30, 2020 |  |  | September 30, 2020 |
Revenues(1) |  | $ | 48,394 |  |  | $ | 40,426 |  |  | $ | 14,721 |  |  | $ | 28,786 |
Income (loss) from operations(1) |  | $ | 9,686 |  |  | $ | (2,475 | ) |  | $ | (4,657 | ) |  | $ | 192 |
Net income (loss) attributable to RCIHH stockholders(1) |  | $ | 5,634 |  |  | $ | (3,452 | ) |  | $ | (5,474 | ) |  | $ | (2,793 | )
Earnings (loss) per share(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  | $ | 0.60 |  |  | $ | (0.37 | ) |  | $ | (0.60 | ) |  | $ | (0.31 | )
Weighted average number of common shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | 9,322 |  |  |  | 9,225 |  |  |  | 9,125 |  |  |  | 9,124 |
|  | For the Three Months Ended |
|  | December 31, 2018 |  |  | March 31, 2019 |  |  | June 30, 2019 |  |  | September 30, 2019 |
Revenues |  | $ | 44,023 |  |  | $ | 44,826 |  |  | $ | 47,027 |  |  | $ | 45,183 |
Income from operations(2) |  | $ | 11,132 |  |  | $ | 11,166 |  |  | $ | 9,974 |  |  | $ | 2,429 |
Net income attributable to RCIHH stockholders(2) |  | $ | 7,463 |  |  | $ | 6,735 |  |  | $ | 5,638 |  |  | $ | 458 |
Earnings per share(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  | $ | 0.77 |  |  | $ | 0.70 |  |  | $ | 0.59 |  |  | $ | 0.05 |
Weighted average number of common shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | 9,713 |  |  |  | 9,679 |  |  |  | 9,620 |  |  |  | 9,616 |
|  | For the Three Months Ended |
|  | December 31, 2017 |  |  | March 31, 2018 |  |  | June 30, 2018 |  |  | September 30, 2018 |
Revenues |  | $ | 41,212 |  |  | $ | 41,226 |  |  | $ | 42,634 |  |  | $ | 40,676 |
Income from operations(3) |  | $ | 9,140 |  |  | $ | 8,231 |  |  | $ | 9,492 |  |  | $ | 699 |
Net income (loss) attributable to RCIHH stockholders(3) |  | $ | 14,311 |  |  | $ | 4,685 |  |  | $ | 5,389 |  |  | $ | (3,506 | )
Earnings (loss) per share(3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  | $ | 1.47 |  |  | $ | 0.48 |  |  | $ | 0.55 |  |  | $ | (0.36 | )
Weighted average number of common shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | 9,719 |  |  |  | 9,719 |  |  |  | 9,719 |  |  |  | 9,719 |
RCI HOSPITALITY HOLDINGS, INC. Notes to Consolidated Financial Statements
| (1) | Fiscal year 2020 revenues during the second through the fourth quarter were significantly affected by the COVID-19 pandemic. Income (loss) from operations, net income (loss) attributable to RCIHH stockholders, and earnings (loss) per share included the impact of a $10.6 million in asset impairments ($8.2 million in the second quarter, $982,000 in the third quarter, and $1.4 million in the fourth quarter). Net loss attributable to RCIHH stockholders and loss per share during the fourth quarter was also affected by the $1.3 million valuation allowance on our deferred tax assets. Quarterly effective income tax expense (benefit) rate was 22.0%, (28.9)%, (20.5)%, and 36.3% from first to fourth quarter, respectively.
| (2) | Fiscal year 2019 income from operations, net income attributable to RCIHH stockholders, and earnings per share included the impact of a $6.0 million in asset impairments in the fourth quarter, a $2.9 million net gain on sale of businesses and assets ($1.2 million in the first quarter, $1.1 million in the second quarter, $0.3 million in the third quarter, and $0.4 million in the fourth quarter), and a $0.8 million net gain on insurance ($0.1 million net loss in the third quarter and $0.9 million net gain in the fourth quarter). Quarterly effective income tax expense (benefit) rate was 8.4%, 22.3%, 24.1%, and (371.7)% from first to fourth quarter, respectively. See Note 4 related to revision of prior year immaterial misstatement.
| (3) | Fiscal year 2018 income from operations, net income attributable to RCIHH stockholders, and earnings per share included the impact of a $1.6 million loss on disposition in the second quarter, a $5.6 million in asset impairments ($1.6 million in the second quarter and $4.0 million in the fourth quarter), and a $8.8 million deferred income tax benefit related to the revaluation of deferred tax assets and liabilities ($9.7 million credit in the first quarter, $38,000 expense in the second quarter, and $827,000 expense in the fourth quarter). Quarterly effective income tax expense (benefit) rate was (134.3)%, 24.2%, 25.3%, and 103.8% from first to fourth quarter, respectively.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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