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Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Sep. 30, 2024
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following tables summarize unaudited quarterly data for fiscal 2024, 2023, and 2022 (in thousands, except share and per share data):
For the Three Months Ended
December 31, 2023March 31,
2024		June 30,
2024		September 30, 2024
Revenues$73,907 $72,283 $76,180 $73,234 
Income (loss) from operations(1)
$13,165 $4,657 $(2,536)$3,519 
Net income (loss) attributable to RCIHH stockholders(1)
$7,226 $774 $(5,233)$244 
Earnings (loss) per share(1)
    
Basic and diluted$0.77 $0.08 $(0.56)$0.03 
Weighted average number of common shares outstanding
Basic and diluted9,367,1519,350,2929,278,9219,006,014
Dividends per share declared and paid$0.06 $0.06 $0.06 $0.07 
For the Three Months Ended
December 31, 2022March 31,
2023		June 30,
2023		September 30, 2023
Revenues(2)
$69,968 $71,517 $77,055 $75,250 
Income from operations(2)
$16,898 $13,427 $15,515 $5,644 
Net income attributable to RCIHH stockholders(2)
$10,238 $7,732 $9,085 $2,191 
Earnings per share(2)
Basic and diluted$1.11 $0.83 $0.96 $0.23 
Weighted average number of common shares outstanding
Basic and diluted9,230,2589,265,7819,430,2259,417,166
Dividends per share declared and paid$0.05 $0.06 $0.06 $0.06 
For the Three Months Ended
December 31, 2021March 31,
2022		June 30,
2022		September 30, 2022
Revenues(3)
$61,836 $63,692 $70,714 $71,378 
Income from operations(3)
$15,911 $17,081 $20,507 $17,960 
Net income attributable to RCIHH stockholders(3)
$10,575 $10,952 $13,902 $10,612 
Earnings per share(3)
Basic and diluted$1.12 $1.15 $1.48 $1.15 
Weighted average number of common shares outstanding
Basic and diluted9,407,5199,489,0859,389,6759,249,864
Dividends per share declared and paid$0.04 $0.05 $0.05 $0.05 
(1)
Fiscal year 2024 results of operations were mainly impacted by $38.5 million in asset impairments ($8.0 million in the second quarter, $17.9 million in the third quarter, and $12.6 million in the fourth quarter). Quarterly effective income tax rate was 19.9%, 0.7%, 21.5%, and 145.1% from first to fourth quarter, respectively.
(2)
Fiscal year 2023 results of operations were mainly impacted by the six newly acquired clubs and the lower same-store sales. Net income attributable to RCIHH stockholders and earnings per share were impacted by $12.6 million in asset impairments ($662,000 in the second quarter, $2.6 million in the third quarter, and $9.3 million in the fourth quarter) and $3.8 million in lawsuit settlements ($3.1 million in the second quarter, $63,000 in the third quarter, and $576,000 in the fourth quarter). Quarterly effective income tax expense (benefit) rate was 22.8%, 21.8%, 20.1%, and (39.6)% from first to fourth quarter, respectively, including the impact of the release of a $176,000 deferred tax asset valuation allowance and the pretax loss in the fourth quarter.
(3)
Fiscal year 2022 results of operations were significantly higher than prior year due to the fifteen acquired clubs and one new Bombshells. Net income attributable to RCIHH stockholders and earnings per share were impacted by $1.9 million in asset impairments ($1.7 million in the third quarter and $166,000 in the fourth quarter) and $2.4 million gain on sale or disposition of businesses and assets ($342,000 in the first quarter, $58,000 in the second quarter, $266,000 in the third quarter, and $1.7 million in the fourth quarter). Quarterly effective income tax expense rate was 21.7%, 23.4%, 21.3%, and 27.5% from first to fourth quarter, respectively, including the impact of the $343,000 deferred tax asset valuation allowance in the fourth quarter.