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Acquisitions (Tables) | 6 Months Ended
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Mar. 31, 2023
Business Acquisition [Line Items] |
Summary of Purchase Price Allocation of Purchase of Acquired Identifiable Assets, Liabilities Assumed and Goodwill |
Total purchase price |  | $ | 24,732 |
Accounts payable |  |  | 571 |
Accrued liabilities |  |  | 1,848 |
Total liabilities assumed |  |  | 2,419 |
Total consideration |  |  | 27,151 |
Cash |  |  | 287 |
Accounts receivable |  |  | 3,073 |
Inventory |  |  | 6,429 |
Property, plant and equipment |  |  | 12,855 |
Intangible assets |  |  | 1,000 |
Other assets |  |  | 480 |
Total assets acquired |  |  | 24,124 |
Total goodwill |  | $ | 3,027 |
Summary of Summary of Proforma Information for the Company | The table below presents selected proforma information for the Company for the three- and six-month periods ended March 31, 2023, assuming that the acquisition had occurred on October 1, 2021 (the beginning of the Company’s 2022 fiscal year), pursuant to ASC 805-10-50 (in $000's). This proforma information does not purport to represent what the actual results of operations of the Company would have been had the acquisition occurred on that date, nor does it purport to predict the results of operations for future periods.
|  | As Reported |  |  | Adjustments |  |  | Proforma |
|  | Live Unaudited Three Months Ended March 31, 2023 |  | Flooring Liquidators Unaudited Three Months Ended March 31, 2023 |  |  | Adjustments(1) |  |  | LIVE for the Three Months Ended March 31, 2023 |
Net revenue |  | $ | 91,122 |  | $ | 4,222 |  |  |  |  |  | $ | 95,344 |
Net income |  | $ | 1,558 |  | $ | (2,188 | ) |  | $ | (300 | ) |  | $ | (930 | )
Earnings per basic common share |  | $ | 0.50 |  |  |  |  |  |  |  | $ | (0.30 | )
Earnings per basic diluted share |  | $ | 0.49 |  |  |  |  |  |  |  | $ | (0.29 | )
|  | As Reported |  |  | Adjustments |  |  | Proforma |
|  | Live Unaudited Three Months Ended March 31, 2022 |  | Flooring Liquidators Unaudited Three Months Ended March 31, 2022 |  |  | Adjustments(1) |  |  | LIVE for the Three Months Ended March 31, 2022 |
Net revenue |  | $ | 69,706 |  | $ | 29,205 |  |  |  |  |  | $ | 98,911 |
Net income |  | $ | 15,358 |  | $ | 1,886 |  |  | $ | (1,946 | ) |  | $ | 15,298 |
Earnings per basic common share |  | $ | 4.90 |  |  |  |  |  |  |  | $ | 4.88 |
Earnings per basic diluted share |  | $ | 4.84 |  |  |  |  |  |  |  | $ | 4.82 |
|  | As Reported |  |  | Adjustments |  |  | Proforma |
|  | Live Unaudited Six Months Ended March 31, 2023 |  | Flooring Liquidators Unaudited Six Months Ended March 31, 2023 |  |  | Adjustments(1) |  |  | LIVE for the Six Months Ended March 31, 2023 |
Net revenue |  | $ | 160,108 |  | $ | 37,702 |  |  |  |  |  | $ | 197,810 |
Net income |  |  | 3,402 |  | $ | (1,033 | ) |  | $ | (2,226 | ) |  | $ | 143 |
Earnings per basic common share |  | $ | 1.10 |  |  |  |  |  |  |  | $ | 0.05 |
Earnings per basic diluted share |  | $ | 1.08 |  |  |  |  |  |  |  | $ | 0.05 |
|  | As Reported |  |  | Adjustments |  |  | Proforma |
|  | Live Unaudited Six Months Ended March 31, 2022 |  | Flooring Liquidators Unaudited Six Months Ended March 31, 2022 |  |  | Adjustments(1) |  |  | LIVE for the Six Months Ended March 31, 2022 |
Net revenue |  | $ | 144,864 |  | $ | 59,850 |  |  |  |  |  | $ | 204,714 |
Net income |  | $ | 21,904 |  | $ | 5,221 |  |  | $ | (3,818 | ) |  | $ | 23,307 |
Earnings per basic common share |  | $ | 6.96 |  |  |  |  |  |  |  | $ | 7.40 |
Earnings per basic diluted share |  | $ | 6.87 |  |  |  |  |  |  |  | $ | 7.31 |
(1) Adjustments are related to adjustments made for the following: • Amortization expense of definite-lived intangible assets has been adjusted based on the preliminary fair value at the acquisition date. • Interest expense has been adjusted to include proforma interest expense that would have been incurred as a result of the acquisition financing obtained by the Company. • Elimination of revenues and costs of revenues associated with sales between Flooring Liquidators and the Company prior to acquisition.
Flooring Liquidators |
Business Acquisition [Line Items] |
Summary of Purchase Price Allocation of Purchase of Acquired Identifiable Assets, Liabilities Assumed and Goodwill |
Total purchase price |  |  |  | $ | 78,700 |
Less fair value of the holdback option |  |  |  |  | — |
Net purchase price |  |  |  | $ | 78,700 |
Accounts payable |  |  |  |  | 5,189 |
Accrued liabilities |  |  |  |  | 9,182 |
Debt |  |  |  |  | 60 |
Total liabilities assumed |  |  |  |  | 14,431 |
Total consideration |  |  |  |  | 93,131 |
Cash |  |  |  |  | 7,871 |
Accounts receivable |  |  |  |  | 4,824 |
Inventory |  |  |  |  | 19,944 |
Property, plant and equipment |  |  |  |  | 4,678 |
Intangible assets |  |  |  |  |
Trade names |  | $ | 13,275 |  |  |
Customer relationships |  |  | 7,700 |  |  |
Non-compete agreements |  |  | 1,625 |  |  |
Other |  |  | 49 |  |  |
Subtotal intangible assets |  |  |  |  | 22,649 |
Other |  |  |  |  | 4,440 |
Total assets acquired |  |  |  |  | 64,406 |
Total goodwill |  |  |  | $ | 28,725 |
Better Backers |
Business Acquisition [Line Items] |
Summary of Purchase Price Allocation of Purchase of Acquired Identifiable Assets, Liabilities Assumed and Goodwill |
Total purchase price |  | $ | 3,166 |
Inventory |  |  | 748 |
Property, plant and equipment |  |  | 2,118 |
Intangible assets |  |  | 300 |
Total assets acquired |  |  | 3,166 |

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580 + Details
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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. + 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
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