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Acquisitions and Dispositions (Tables)

12 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The 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

The fair value of the consideration transferred is as follows:

Cash			$	25,000
Notes payable			25,500
Common stock			12,847
Total consideration fair value			$	63,347

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following is our 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 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 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

The following is our allocation of the fair value of the acquisition price (in thousands) as of October 26, 2022:

Current assets			$	64
Property and equipment			4,884
Licenses			1,170
Tradename			340
Accrued liability			(95)
Deferred tax liability			(363)
Total net assets acquired			6,000
Goodwill			2,905
Acquisition price fair value			$	8,905

The following is our allocation of the fair value of the acquisition price (in thousands) as of March 16, 2023:

Current assets			$	632
Property and equipment			16,570
Licenses			36,110
Tradename			6,328
Accounts payable			(632)
Total net assets acquired			59,008
Goodwill			4,339
Acquisition price fair value			$	63,347

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 five acquired clubs and related assets in the March 16, 2023 acquisition transaction above as though the acquisition occurred at the beginning of fiscal 2022 (in thousands, except per share amount and number of shares):

			2023						2022
Pro forma revenues			$	306,729					$	291,764
Pro forma net income attributable to RCIHH common stockholders			$	28,329					$	51,198
Pro forma earnings per share - basic and diluted			$	3.01					$	5.34
Pro forma weighted average number of common shares outstanding - basic and diluted			9,426,942						9,583,445

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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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- 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.

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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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.

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