XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.23.3

Non-Controlling Interest | 12 Months Ended
--- | ---
Sep. 30, 2023
Noncontrolling Interest [Abstract] |
Non-Controlling Interest | NON-CONTROLLING INTEREST i3 Verticals, Inc. is the sole managing member of i3 Verticals, LLC and as a result, consolidates the financial results of i3 Verticals, LLC and reports a non-controlling interest representing the Common Units of i3 Verticals, LLC held by the Continuing Equity Owners. Changes in i3 Verticals, Inc.’s ownership interest in i3 Verticals, LLC while i3 Verticals, Inc. retains its controlling interest in i3 Verticals, LLC will be accounted for as equity transactions. As such, future redemptions or direct exchanges of Common Units of i3 Verticals, LLC by the Continuing Equity Owners will result in a change in ownership and reduce or increase the amount recorded as non-controlling interest and increase or decrease additional paid-in capital when i3 Verticals, LLC has positive or negative net assets, respectively. As of September 30, 2023, and 2022, respectively, i3 Verticals, Inc. owned 23,253,272 and 22,986,448 of i3 Verticals, LLC's Common Units, representing a 69.7% and 69.4% economic ownership interest in i3 Verticals, LLC. The following table summarizes the impact on equity due to changes in the Company's ownership interest in i3 Verticals, LLC:
| Year ended September 30,
| 2023 |  | 2022 |  | 2021
Net loss attributable to non-controlling interest | $ | (1,841) |  |  | $ | (6,115) |  |  | $ | (3,382) |
Transfers to (from) non-controlling interests: |  |  |  |  |
Redemption of common units in i3 Verticals, LLC | (224) |  |  | (918) |  |  | (11,714) |
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis | 4,305 |  |  | 11,511 |  |  | 15,337 |
Net transfers to non-controlling interests | 4,081 |  |  | 10,593 |  |  | 3,623 |
Change from net income attributable to non-controlling interests and transfers to non-controlling interests | $ | 2,240 |  |  | $ | 4,478 |  |  | $ | 241 |

X
- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//810/tableOfContent + Details
Name: | us-gaap_MinorityInterestDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NoncontrollingInterestAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration