PVS-Studio warning V649 for Wolf

#define REFLAG_FULL_LOD     8   // force a FULL lod
#define REFLAG_FORCE_LOD    8   // force a low lod

float R_CalcMDSLod(....)
{
  .....
  if ( refent->reFlags & REFLAG_FULL_LOD )
  {
    return 1.0f;
  }
  ....
  if ( refent->reFlags & REFLAG_FORCE_LOD )
  {
    flod *= 0.5;
  }
  ....
}

This suspicious code was found in Wolf project by PVS-Studio static code analyzer.
Warning message is:
V649 There are two 'if' statements with identical conditional expressions. The first 'if' statement contains function return. This means that the second 'if' statement is senseless. Check lines: 243, 262. tr_animation.c 262

PVS-Studio is a static analyzer for detecting bugs in the source code of applications written in C, C++, C++11, C++/CX. Site: http://www.viva64.com/en/pvs-studio/