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Acquisitions and Dispositions (Tables)
 12 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The fair value of the consideration transferred is as follows (in thousands):
Cash$36,800 
Notes payable21,200 
Common stock29,933 
Total consideration fair value$87,933 
The fair value of the consideration transferred is as follows:
Cash$25,000 
Notes payable25,500 
Common stock12,847 
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 equipment19,273 
Licenses47,390 
Tradenames6,934 
Leases acquired in-place261 
Deferred tax liability(1,741)
Total net assets acquired72,503 
Goodwill15,430 
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 equipment5,336 
Licenses4,900 
Tradenames1,460 
Deferred tax liability(2,627)
Total net assets acquired9,241 
Goodwill6,759 
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 equipment4,921 
Licenses16,810 
Deferred tax liability(3,979)
Total net assets acquired17,823 
Goodwill5,577 
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 equipment4,884 
Licenses1,170 
Tradename340 
Accrued liability(95)
Deferred tax liability(363)
Total net assets acquired6,000 
Goodwill2,905 
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 equipment16,570 
Licenses36,110 
Tradename6,328 
Accounts payable(632)
Total net assets acquired59,008 
Goodwill4,339 
Acquisition price fair value$63,347 
Schedule of Unaudited Pro Forma Combined Results of Operations
During fiscal 2024, 2023, and 2022 (from the date of acquisition), the eleven acquired clubs contributed the following, which are included in our consolidated statements of income (in thousands):
202420232022
Revenues$39,383 $40,563 $35,437 
Income from operations$8,662 $11,372 $12,525 
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 amounts and number of shares):
202420232022
Pro forma revenues$295,604 $293,790 $269,347 
Pro forma net income attributable to RCIHH common stockholders$3,011 $29,246 $45,623 
Pro forma earnings per share - basic and diluted$0.33 $3.13 $4.86 
Pro forma weighted average number of common shares outstanding - basic and diluted9,250,2459,335,9839,383,445
During fiscal 2024 and 2023 (from the date of acquisition), the five acquired clubs contributed the following, which are included in our consolidated statements of income (in thousands):
20242023
Revenues$34,781 $16,132 
Income from operations$8,279 $4,827 
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):
202420232022
Pro forma revenues$295,604 $306,729 $291,764 
Pro forma net income attributable to RCIHH common stockholders$3,011 $28,329 $51,198 
Pro forma earnings per share - basic and diluted$0.33 $3.01 $5.34 
Pro forma weighted average number of common shares outstanding - basic and diluted9,250,2459,426,9429,583,445