XML 102 R87.htm IDEA: XBRL DOCUMENT v3.20.4
Schedule of Segment Reporting Information (Details) - USD ($)
$ 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
Segment Reporting Information [Line Items]                              
Total revenues $ 28,786 [1] $ 14,721 [1] $ 40,426 [1] $ 48,394 [1] $ 45,183 [2] $ 47,027 [2] $ 44,826 [2] $ 44,023 [2] $ 40,676 [3] $ 42,634 $ 41,226 $ 41,212 $ 132,327 $ 181,059 $ 165,748
Income (loss) from operations 192 [1] (4,657) [1] (2,475) [1] 9,686 [1] 2,429 [2] 9,974 [2] 11,166 [2] 11,132 [2] 699 [3] $ 9,492 $ 8,231 $ 9,140 2,746 34,701 27,562
Capital expenditures                         5,736 20,708 25,263
Depreciation and amortization                         8,836 9,072 7,722
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]
Nightclubs [Member]                              
Segment Reporting Information [Line Items]                              
Total revenues                         88,373 148,606 140,060
Income (loss) from operations                         13,118 50,724 43,624
Capital expenditures                         3,477 6,645 2,052
Depreciation and amortization                         5,799 6,401 5,404
Total assets [4] 277,960       274,071       252,335       277,960 274,071 252,335
Bombshells [Member]                              
Segment Reporting Information [Line Items]                              
Total revenues                         43,215 30,828 24,094
Income (loss) from operations                         9,245 2,307 2,040
Capital expenditures                         2,114 10,457 22,522
Depreciation and amortization                         1,785 1,374 1,265
Total assets [4] 48,991       44,144       39,560       48,991 44,144 39,560
Other [Member]                              
Segment Reporting Information [Line Items]                              
Total revenues                         739 1,625 1,594
Income (loss) from operations                         (684) (309) (252)
Capital expenditures                         27 33
Depreciation and amortization                         415 416 179
Total assets [4] 1,269       1,773       1,978       1,269 1,773 1,978
General Corporate [Member]                              
Segment Reporting Information [Line Items]                              
Income (loss) from operations                         (18,933) (18,021) (17,850)
Capital expenditures                         145 3,579 656
Depreciation and amortization                         837 881 874
Total assets [4] $ 32,713       $ 34,768       $ 35,859       $ 32,713 $ 34,768 $ 35,859
[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.