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Supplemental Pro Forma Information on Prior Year Business Acquisition
9 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Supplemental Pro Forma Information on Prior Year Business Acquisition Supplemental Pro Forma Information on Prior Year Business Acquisition
In relation to the acquisition of the Baby Dolls-Chicas Locas clubs in March 2023, below are certain unaudited pro forma combined results of operations of the Company and the five acquired clubs and related assets as though the acquisition occurred at the beginning of fiscal 2022 (in thousands, except per share amounts and number of shares):

Three Months Ended
June 30,
Nine Months Ended
June 30,
2024202320242023
Pro forma revenues$76,180 $77,055 $222,370 $231,479 
Pro forma net income (loss) attributable to RCIHH common stockholders$(5,233)$9,085 $2,767 $26,129 
Pro forma earnings (loss) per share - basic and diluted$(0.56)$0.96 $0.30 $2.77 
Pro forma weighted average shares used in computing earnings (loss) per share - basic and diluted9,278,921 9,430,225 9,332,249 9,430,236 

The above unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal 2022. The unaudited pro forma financial information reflects material, nonrecurring adjustments directly attributable to the acquisition, including acquisition-related expenses, interest expense, and any related tax effects. We incurred approximately $0 and $292,000 in acquisition-related expenses during the three and nine months ended June 30, 2023, respectively, which is included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income. Pro forma net income and pro forma earnings per share include the impact of acquisition-related expenses and interest expense related to a $10.0 million line-of-credit facility and the nine seller-financed notes in the acquisition as if they were incurred as of the first day of fiscal 2022. Pro forma weighted average shares used in computing earnings per share include the impact of 200,000 shares of our common stock issued as partial consideration for the acquisition. Since the results of operations during the three and nine months ended June 30, 2024 were in a fiscal year subsequent to the fiscal year of acquisition and that the periods fully include the results of operations of the five acquired clubs, the amounts presented do not reflect any pro forma adjustments.