| Summary of Consolidated Financial Statements |
The tables below present the impact of the
revision in the Company’s consolidated financial statements (in thousands):
| |
|
Fiscal Year Ended September 30, 2018 |
|
| |
|
As Previously Reported |
|
|
Adjustments |
|
|
As Revised |
|
| Statement of Income/Comprehensive Income: |
|
|
|
|
|
|
|
|
|
|
|
|
| Other charges, net |
|
$ |
8,350 |
|
|
$ |
834 |
|
|
$ |
9,184 |
|
| Total operating expenses |
|
|
137,352 |
|
|
|
834 |
|
|
|
138,186 |
|
| Income from operations |
|
|
28,396 |
|
|
|
(834 |
) |
|
|
27,562 |
|
| Income before income taxes |
|
|
18,676 |
|
|
|
(834 |
) |
|
|
17,842 |
|
| Net income |
|
|
21,794 |
|
|
|
(834 |
) |
|
|
20,960 |
|
| Net income attributable to RCIHH common stockholders |
|
|
21,713 |
|
|
|
(834 |
) |
|
|
20,879 |
|
| Earnings per share - basic |
|
$ |
2.23 |
|
|
$ |
(0.08 |
) |
|
$ |
2.15 |
|
| Earnings per share - diluted |
|
$ |
2.23 |
|
|
$ |
(0.08 |
) |
|
$ |
2.15 |
|
| Comprehensive income |
|
$ |
22,014 |
|
|
$ |
(834 |
) |
|
$ |
21,180 |
|
| Comprehensive income attributable to RCI Hospitality Holdings, Inc. |
|
|
21,933 |
|
|
|
(834 |
) |
|
|
21,099 |
|
| |
|
September 30, 2018 |
|
| |
|
As Previously Reported |
|
|
Adjustment |
|
|
As Revised |
|
| Balance Sheet/Statement of Changes in Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| Goodwill |
|
$ |
44,425 |
|
|
$ |
(834 |
) |
|
$ |
43,591 |
|
| Total assets |
|
|
330,566 |
|
|
|
(834 |
) |
|
|
329,732 |
|
| Retained earnings |
|
|
89,740 |
|
|
|
(834 |
) |
|
|
88,906 |
|
| Total RCIHH stockholders’ equity |
|
|
154,269 |
|
|
|
(834 |
) |
|
|
153,435 |
|
| Total equity |
|
|
154,166 |
|
|
|
(834 |
) |
|
|
153,332 |
|
| Total liabilities and equity |
|
|
330,566 |
|
|
|
(834 |
) |
|
|
329,732 |
|
The table below presents the impact of the
revision in the Company’s notes to its consolidated financial statements related to unaudited quarterly results of operations
(in thousands):
| |
|
Quarter Ended September 30, 2018 |
|
| |
|
As Previously Reported |
|
|
Adjustment |
|
|
As Revised |
|
| Income from operations |
|
$ |
1,533 |
|
|
$ |
(834 |
) |
|
$ |
699 |
|
| Net loss attributable to RCIHH common stockholders |
|
|
(2,672 |
) |
|
|
(834 |
) |
|
|
(3,506 |
) |
| Loss per share - basic |
|
$ |
(0.27 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.36 |
) |
| Loss per share - diluted |
|
$ |
(0.27 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.36 |
) |
|