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Business Combinations | 12 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Business Combinations | 10) Business Combinations During fiscal 2020, the Company acquired two heating oil dealers for approximately $3.3 million; $3.0 million in cash and $0.3 million of deferred liabilities. The gross purchase price was allocated $3.2 million to intangible assets, $0.6 million to fixed assets and reduced by $0.5 million in working capital credits. The acquired companies’ operating results are included in the Company’s consolidated financial statements starting on their respective acquisition date, and are not material to the Company’s financial condition, results of operations, or cash flows. The Company also completed the purchase of fixed assets related to a fiscal 2019 acquisition of a heating oil dealer for an aggregate purchase price of approximately $1.2 million. During fiscal 2019, the Company acquired one of its subcontractors, a liquid product dealer and the assets of a propane dealer for an aggregate purchase price of approximately $60.9 million. The following table summarizes the final fair values and purchase price allocations in aggregate of the assets acquired and liabilities assumed related to the fiscal 2019 acquisitions as of the respective acquisition dates.
(in thousands) |  | As of Acquisition Date |
Receivables |  | $ | 6,887 |
Inventories |  |  | 2,105 |
Prepaid expenses and other current assets |  |  | 89 |
Property and equipment, net |  |  | 14,926 |
Intangibles |  |  | 28,599 |
Accrued expenses and other current liabilities |  |  | (366 | )
Unearned service contract revenue |  |  | (2,800 | )
Customer credit balances |  |  | (3,399 | )
Other long-term liabilities |  |  | (1,275 | )
Total net identifiable assets acquired |  | $ | 44,766 |
Total consideration |  | $ | 60,904 |
Less: Total net identifiable assets acquired |  |  | 44,766 |
Goodwill |  | $ | 16,138 |
During fiscal 2018, the Company acquired five heating oil dealers and one motor fuel dealer for an aggregate purchase price of approximately $25.2 million; $23.7 million in cash and $1.5 million of deferred liabilities. The gross purchase price was allocated $15.3 million to intangible assets, $7.5 million to fixed assets and $2.4 million to working capital. The acquired companies’ operating results are included in the Company’s consolidated financial statements starting on their respective acquisition date, and are not material to the Company’s financial condition, results of operations, or cash flows.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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