XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Revenues:      
Sales of alcoholic beverages $ 32,575 $ 28,532 $ 23,641
Sales of food and merchandise 7,402 6,327 5,615
Service revenues 38,178 34,179 31,786
Internet revenues 470 562 641
Media revenues 1,248 1,440 1,404
Other 3,618 3,023 2,328
Total revenues 83,491 74,063 65,415
Operating expenses:      
Cost of goods sold 10,427 9,136 7,884
Salaries and wages 18,321 16,305 14,799
Stock compensation expense 8 405 96
Other general and administrative:      
Taxes and permits 12,542 11,452 8,351
Charge card fees 1,361 1,229 1,300
Rent 2,988 2,737 2,166
Legal and professional 2,289 3,002 2,848
Advertising and marketing 3,471 3,167 2,588
Depreciation and amortization 3,904 3,225 2,806
Insurance 1,157 985 894
Utilities 1,605 1,507 1,390
Impairment of assets 0 3,574 0
Other 6,624 5,948 5,258
Total operating expenses 64,697 62,672 50,380
Income from operations 18,794 11,391 15,035
Other income (expense):      
Interest income 118 19 16
Interest expense (3,930) (4,023) (3,352)
Interest expense - loan origination costs (359) (450) (65)
Gain (loss) on change in fair value of derivative instruments 129 (31) 145
Gain on settlement of debt 903 0 0
Gain (loss) on sale of property and other 0 (3) 182
Income from continuing operations before income taxes 15,655 6,903 11,961
Income taxes 5,403 2,998 4,013
Income from continuing operations 10,252 3,905 7,948
Loss from discontinued operations, net of income taxes (2,195) (11,603) (2,446)
Net income (loss) 8,057 (7,698) 5,502
Less: net income attributable to noncontrolling interests (211) (260) (294)
Net income (loss) attributable to Rick's Cabaret International, Inc. $ 7,846 $ (7,958) $ 5,208
Basic earnings (loss) per share attributable to Rick's shareholders:      
Income from continuing operations (in dollars per share) $ 1.01 $ 0.38 $ 0.83
Loss from discontinued operations (in dollars per share) $ (0.22) $ (1.20) $ (0.26)
Net income (loss) (in dollars per share) $ 0.79 $ (0.82) $ 0.56
Diluted earnings (loss) per share attributable to Rick's shareholders:      
Income from continuing operations (in dollars per share) $ 1.01 $ 0.38 $ 0.81
Loss from discontinued operations (in dollars per share) $ (0.22) $ (1.20) $ (0.26)
Net income (loss) (in dollars per share) $ 0.79 $ (0.82) $ 0.55
Weighted average number of common shares outstanding:      
Basic (in shares) 9,930 9,697 9,266
Diluted (in shares) 9,932 9,697 9,428