Earnings Per Share (Tables)

3 Months Ended

Dec. 31, 2017

Earnings per share attributable to RCIHH common shareholders

Schedule of Earnings Per Share Basic and Diluted

The table below presents the reconciliation of the numerator and the denominator in the calculation of basic and diluted EPS (in thousands, except per share amounts):

	For the Three Months
	Ended December 31,
	2017		2016
Numerator -
Net income attributable to RCIHH common shareholders – basic	$	14,311	$	2,898
Adjustment to net income from assumed conversion of debentures(2)		-		5
Adjusted net income attributable to RCIHH common shareholders – diluted	$	14,311	$	2,903
Denominator(1)(3)-
Weighted average number of common shares outstanding – basic		9,719		9,768
Effect of potentially dilutive convertible debentures(2)		-		46
Adjusted weighted average number of common shares outstanding – diluted		9,719		9,814
Basic earnings per share	$	1.47	$	0.30
Diluted earnings per share	$	1.47	$	0.30

(1)	There were no outstanding restricted stock, warrants and options during the three months ended December 31, 2017 and 2016.
(2)	Convertible debentures (principal and accrued interest) outstanding at the beginning of the quarters ended December 31, 2017 and 2016 totaling $0 and $859,000, respectively, were convertible into common stock at a price of $10.25 and $12.50 per share until January 4, 2017, when the last conversion option expired in relation to the payment of the last convertible note.
(3)	Since January 4, 2017 to date, the Company has no outstanding convertible debt.