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Shop Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Summary of preliminary allocations of purchase prices | The following table summarizes the allocations of the purchase prices to the estimated fair values of assets acquired and liabilities assumed. The fair values for the 2022 acquisitions are considered preliminary and subject to change within the measurement period (up to one year from the acquisition dates), as we have not obtained all of the detailed information to finalize the opening balance sheet related to the building and leasehold improvements purchased and franchise rights reacquired.
(in thousands) |  | September 30, 2022 |  |
Acquisition consideration: |  |  |  |
Purchase price consideration |  | $ | 6,051 |  |  |
Equipment and fixtures |  | 197 |  |  |
Building and leasehold improvements |  | 1,470 |  |  |
Inventories |  | 67 |  |  |
Other assets |  | 6 |  |  |
Operating lease right-of-use assets |  | 2,327 |  |  |
Reacquired franchise rights |  | 1,735 |  |  |
Other liabilities |  | (88) |  |  |
Gift card liability |  | (250) |  |  |
Operating lease obligations |  | (2,327) |  |  |
Net assets acquired |  | 3,137 |  |  |
Goodwill |  | $ | 2,914 |  |  |
Unaudited pro forma results of shop acquisitions | The following table reflects the unaudited pro forma results of the Company and the five shops purchased in 2022 as if the acquisitions had taken place as of January 1, 2021:
|  | Nine Months Ended September 30,
(in thousands; unaudited) |  | 2022 |  | 2021
Revenue |  | $ | 539,136 |  |  | $ | 366,564 |
Net loss |  | $ | (16,058) |  |  | $ | (108,218) |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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