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Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Numerator    
Net (loss) income $ (3,681) $ (3,022) [1],[2],[3],[4]
Less: Net loss attributable to non-controlling interests (1,153) (1,024) [3]
Net loss attributable to i3 Verticals, Inc. $ (2,528) $ (1,998) [3]
Denominator    
Weighted average shares of Class A common stock outstanding - basic (shares) 22,042,801 19,129,056 [3]
Weighted average shares of Class A common stock outstanding - diluted (shares) 22,042,801 19,129,056 [3]
Basic net loss per share (in USD per Share) $ (0.11) $ (0.10) [3],[5]
Diluted net loss per share (in USD per Share) $ (0.11) $ (0.10) [3]
Class A Common Stock    
Numerator    
Net (loss) income $ (3,681) $ (3,022) [5]
Less: Net loss attributable to non-controlling interests (1,153) (1,024) [5]
Net loss attributable to i3 Verticals, Inc. $ (2,528) $ (1,998) [5]
Denominator    
Weighted average shares of Class A common stock outstanding - basic (shares) 22,042,801 19,129,056 [5]
Weighted average shares of Class A common stock outstanding - diluted (shares) 22,042,801 19,129,056
[1] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statement of changes in equity.
[2] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statements of cash flows.
[3] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statements of operations.
[4] The prior period amounts included in the statement of cash flows have been updated to correct settlement assets as restricted cash, which were previously reported as cash flows used in operating activities. These adjustments reflect an increase in prior year cash flows provided by operating activities of $84 and a corresponding increase in cash, cash equivalents, and restricted cash at the end of the period.
[5] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement.