A hit returned its investment and a flop did not. What about a show that does not return its investment during its initial New York run, but makes it back sometime over the next 5-20 years and then proceeds to pay its investors from the profits?
Is is a "hit" once it returns its investment? A "flop" until then?
What if it takes 20 years to returns its investment but pays salaries and royalties to writers, performers, directors, designers and rent to theater owners for those 20 years?
What is it during that time between Variety's two narrowly defined statuses?
Perhaps Variety's words are too narrow and that stick up your ass too broad?