Acquisitions (Tables)

Acquisitions (Tables)

12 Months Ended

Sep. 30, 2022

Summary of Purchase Price Allocation of Purchase of Acquired Identifiable Assets, Liabilities Assumed and Goodwill

The table below outlines the purchase price allocation of the purchase for SW Financial to the acquired identifiable assets, liabilities assumed and goodwill (in $000’s):


Total purchase price	$	7,000
Accounts payable		12
Accrued liabilities		1,031
Total liabilities assumed		1,043
Total consideration		8,043
Accounts receivable		756
Intangible assets		3,570
Total assets acquired		4,326
Total goodwill	$	3,717

Comprehensive Income (Loss) [Table Text Block]

The table below presents selected proforma information for the Company for the years ended September 30, 2022 and 2021, assuming that the acquisition had occurred on October 1, 2020 (the beginning of the Company’s 2021 fiscal year), pursuant to ASC 805-10-50 (in $000's). This proforma information does not purport to represent what the actual results of operations of the Company would have been had the acquisition occurred on that date, nor does it purport to predict the results of operations for future periods.


Year Ended September 30, 2022	As Reported				Adjustments			Proforma
	Live (1)		Kinetic (2)		Adjustments (3)			Total
Net revenue	$	286,913	$	15,418				$	302,331
Net income	$	24,741	$	1,374	$	(207	)	$	25,908
Earnings per basic common share	$	7.94						$	8.31
Earnings per basic diluted share	$	7.84						$	8.21

	As Reported				Adjustments			Proforma
Year Ended September 30, 2021	Live (4)		Kinetic (5)		Adjustments (3)			Total
Net revenue	$	272,981	$	22,579				$	295,560
Net income	$	31,017	$	3,796	$	(277	)	$	34,536
Earnings per basic common share	$	19.92						$	22.05
Earnings per basic diluted share	$	9.80						$	10.85

(1) Live for the year ended September 30, 2022. Includes Kinetic from June 29, 2022 through September 30, 2022.

(2) Kinetic from October 1, 2021 through the acquisition date of June 28, 2022.

(3) Reflects adjustments for (a) amortization expense of definite-lived intangible assets based on the preliminary fair value at the acquisition date, (b) interest expense to include proforma interest expense that would have been incurred as a result of the acquisition financing obtained by the Company, and (c) certain other expenses to reflect the post-acquisition operating environment.

(4) Live for the year ended September 30, 2021.

(5) Kinetic for the period of October 1, 2020 through September 30, 2021.

Summary of Assets Acquired and Liabilities Assumed Within Fair Value Hierarchy

The assets acquired and liabilities assumed were classified within the fair value hierarchy table below in accordance with our fair value measurements policy (see Note 2).


	Level 1		Level 3		Total
Accounts receivable, net	$	756	$	—	$	756
Intangible assets		—		3,570		3,570
Accounts payable		12		—		12
Accrued liabilities		1,031		—		1,031

Kinetic

Business Acquisition [Line Items]

Summary of Purchase Price Allocation of Purchase of Acquired Identifiable Assets, Liabilities Assumed and Goodwill

The table below outlines the purchase price allocation of the purchase for Kinetic to the acquired identifiable assets, liabilities assumed and goodwill as of September 30, 2022 (in $000’s):


Total purchase price	$	25,044
Accounts payable		571
Accrued liabilities		1,848
Total liabilities assumed		2,419
Total consideration		27,463
Cash		287
Accounts receivable		3,073
Inventory		6,429
Property, plant and equipment		12,855
Intangible assets		1,000
Other assets		480
Total assets acquired		24,124
Total goodwill	$	3,339

Better Backers

Business Acquisition [Line Items]

Summary of Purchase Price Allocation of Purchase of Acquired Identifiable Assets, Liabilities Assumed and Goodwill

The table below outlines the purchase price allocation of the purchase for Better Backers to the acquired identifiable assets (in $000’s):


Total purchase price	$	3,166
Inventory		748
Property, plant and equipment		2,118
Intangible assets		300
Total assets acquired		3,166

Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)