XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Acquisitions and Dispositions (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The preliminary fair value of the consideration transferred is as follows (in thousands):
Cash | $ | 36,800 |
Notes payable | 21,200 |
Common stock | 29,933 |
Total consideration fair value | $ | 87,933 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of October 18, 2021:
Current assets | $ | 386 |
Property and equipment | 19,273 |
Licenses | 47,390 |
Tradenames | 6,934 |
Leases acquired in-place | 261 |
Deferred tax liability | (1,741) |
Total net assets acquired | 72,503 |
Goodwill | 15,430 |
Acquisition price fair value | $ | 87,933 |
The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of May 2, 2022:
Current assets | $ | 172 |
Property and equipment | 5,336 |
Licenses | 4,900 |
Tradenames | 1,460 |
Deferred tax liability | (2,627) |
Total net assets acquired | 9,241 |
Goodwill | 6,759 |
Acquisition price fair value | $ | 16,000 |
The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of July 27, 2022:
Current assets | $ | 71 |
Property and equipment | 4,921 |
Licenses | 16,810 |
Deferred tax liability | (3,979) |
Total net assets acquired | 17,823 |
Goodwill | 5,577 |
Acquisition price fair value | $ | 23,400 |
Schedule of Unaudited Pro Forma Combined Results of Operations | The following table presents the unaudited pro forma combined results of operations of the Company and the eleven acquired clubs and related assets as though the acquisition occurred at the beginning of fiscal 2021 (in thousands, except per share amount and number of shares):
| 2022 |  | 2021
Pro forma revenues | $ | 269,347 |  |  | $ | 217,996 |
Pro forma net income attributable to RCIHH common stockholders | $ | 45,623 |  |  | $ | 25,290 |
Pro forma earnings per share - basic and diluted | $ | 4.86 |  |  | $ | 2.66 |
Pro forma weighted average number of common shares outstanding - basic and diluted | 9,383,445 |  | 9,504,744

X
- 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
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- 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
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration