XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.22.4

Business Combinations (Tables) | 3 Months Ended
--- | ---
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Total Consideration and Preliminary Fair Value of Assets and Liabilities | Based on the unaudited financial statements of GRSi on December 8, 2022, we accounted for the total acquisition consideration and allocation of fair value to the related assets and liabilities on a preliminary basis as follows (in thousands):
Preliminary purchase price for GRSi |  | $ | 188,458 |
Purchase price allocation: |  |
Cash |  | 747 |
Accounts receivable |  | 25,468 |
Other current assets |  | 1,354 |
Accounts payable and accrued expenses |  | (2,449) |
Payroll liabilities |  | (7,827) |
Other current liabilities |  | (325) |
Equipment and improvements, net |  | 463 |
Other long-term assets and liabilities |  | (611) |
Intangible assets |  | 98,004 |
Total identifiable net assets acquired |  | 114,824 |
Goodwill |  | 73,634 |
Schedule of Pro Forma Information | In addition, the reported historical amounts were adjusted for the following items, net of associated tax effects: •The impact of recording GRSi's intangible asset amortization. •The impact of interest expense for the new credit facility. •The removal of legacy GRSi director's fees. •The removal of transaction costs for the acquisition incurred by GRSi.
|  |  | (in thousands) |  |
|  |  | Three Months Ended |  |
|  |  | December 31, |  |
Pro forma results |  |  | 2022 |  | 2021 |  |  |  |
Revenue |  |  | $ | 99,823 |  |  | $ | 178,854 |  |  |  |  |
Net income (loss) |  |  | $ | 2,181 |  |  | $ | 6,857 |  |  |  |  |
Number of shares outstanding - basic |  |  | 13,306 |  |  | 12,749 |  |  |  |  |
Number of shares outstanding - diluted |  |  | 14,276 |  |  | 14,295 |  |  |  |  |
Basic earnings per share (loss) |  |  | $0.16 |  | $0.54 |  |  |  |
Diluted earnings per share (loss) |  |  | $0.15 |  | $0.48 |  |  |  |

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 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