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Acquisitions (Tables) | 9 Months Ended
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Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Purchase Price Allocation | The estimated fair value of the assets acquired and liabilities assumed are provisional as management is still gathering additional information to complete the purchase accounting. The preliminary allocation of the consideration for the net acquired assets from this business combination were as follows, in thousands:
Cash and cash equivalents | $ | 308 |
Earning assets | 9,462 |
Lease right-of-use assets | 10,826 |
Property and equipment | 4,317 |
Intangible assets* | 3,965 |
Goodwill | 22,957 |
Other assets | 649 |
Accounts payable, deferred taxes and other liabilities | (3,150) |
Lease liability | (10,826) |
Assumed debt | (14,931) |
Total consideration | $ | 23,577 |
*Intangible assets consist of $4.0 million in trade names. |
Schedule of Pro forma Information | The following unaudited pro forma summary presents consolidated information for us as if the business combination had occurred on October 1, 2019. The pro forma information is not necessarily indicative of our results of operations had the acquisitions been completed on the above date, nor is it necessarily indicative of our future results. The pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the acquisitions, nor does it reflect additional revenue opportunities following the acquisition. The pro forma adjustments reflected in the table below are subject to change as additional analysis is performed.
| Three Months Ended June 30, |  | Nine Months Ended June 30,
(in thousands, except per share amounts) | 2021 |  | 2020 |  | 2021 |  | 2020
Revenue | $ | 180,854 |  |  | $ | 216,083 |  |  | $ | 558,426 |  |  | $ | 681,069 |
Net (loss) income | (2,475) |  |  | (5,354) |  |  | 6,775 |  |  | (42,628) |
Basic (loss) earnings per common share | (0.04) |  |  | (0.10) |  |  | 0.12 |  |  | (0.75) |
Diluted (loss) earnings per common share | (0.04) |  |  | (0.10) |  |  | 0.12 |  |  | (0.75) |

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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 http://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 http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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