XML 66 R51.htm IDEA: XBRL DOCUMENT v3.20.4
Schedule of Impact of Revisions in Financial Statements (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
 [3]
Mar. 31, 2018
 [3]
Dec. 31, 2017
 [3]
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                                
Income tax expense               $ 692         $ (493) $ 3,744 $ (3,118)  
Net income               7,523         (6,312) 20,445 20,960  
Net income attributable to RCIHH common stockholders $ (2,793) [1] $ (5,474) [1] $ (3,452) [1] $ 5,634 [1] $ 458 [2] $ 5,638 [2] $ 6,735 [2] $ 7,463 [2] $ (3,506) [3] $ 5,389 $ 4,685 $ 14,311 $ (6,085) $ 20,294 $ 20,879  
Earnings per share - basic and diluted $ (0.31) [1] $ (0.60) [1] $ (0.37) [1] $ 0.60 [1] $ 0.05 [2] $ 0.59 [2] $ 0.70 [2] $ 0.77 [2] $ (0.36) [3] $ 0.55 $ 0.48 $ 1.47 $ (0.66) $ 2.10 $ 2.15  
Comprehensive income               $ 7,523         $ (6,312) $ 20,225 $ 21,180  
Comprehensive income attributable to RCIHH common stockholders               7,463         (6,085) 20,074 21,099  
Accounts receivable, net $ 6,767 $ 6,648 $ 4,678 $ 4,250 $ 7,408 $ 6,120 $ 6,698 6,702         6,767 7,408    
Total current assets 31,433 29,469 27,886 32,018 35,890 23,716 22,978 26,186         31,433 35,890    
Total assets 360,933 [4] 361,493 363,015 377,292 354,756 [4] 351,997 351,992 350,641 $ 329,732 [4]       360,933 [4] 354,756 [4] 329,732 [4]  
Retained earnings 100,797 103,956 109,703 113,523 108,168 108,095 102,742 96,298         100,797 108,168    
Stockholders' Equity Attributable to Parent 152,721 156,876 162,623 168,490 169,576 170,040 165,090 160,252         152,721 169,576    
Total equity $ 152,307 156,554 162,395 168,324 169,420 170,025 165,055 160,209 $ 153,332       $ 152,307 169,420 $ 153,332 $ 135,225
Previously Reported [Member]                                
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                                
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    
Accounts receivable, net   5,529 3,559 3,131 6,289 5,001 5,579 5,583           6,289    
Total current assets   28,350 26,767 30,899 34,771 22,597 21,859 25,067           34,771    
Total assets   360,374 361,896 376,173 353,637 350,878 350,873 349,522           353,637    
Retained earnings   102,837 108,584 112,404 107,049 106,976 101,623 95,179           107,049    
Stockholders' Equity Attributable to Parent   155,757 161,504 167,371 168,457 168,921 163,971 159,133           168,457    
Total equity   $ 155,435 $ 161,276 $ 167,205 $ 168,301 $ 168,906 $ 163,936 159,090           168,301    
Revision of Prior Period, Adjustment [Member]                                
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                                
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    
Accounts receivable, net               1,119                
Total current assets               1,119                
Total assets               1,119                
Retained earnings               1,119                
Stockholders' Equity Attributable to Parent               1,119                
Total equity               $ 1,119                
[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.
[4] See Note 4 for a discussion of revision of prior year immaterial misstatement.