XML 35 R36.htm IDEA: XBRL DOCUMENT v3.20.1
Summary of Significant Accounting Policies (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Oct. 01, 2019
USD ($)
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Mar. 31, 2020
USD ($)
business
Mar. 31, 2019
USD ($)
Mar. 31, 2018
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2019
USD ($)
Concentration Risk [Line Items]                
Inventories   $ 1,662   $ 1,662       $ 1,294
Notes Receivable, Fair Value Disclosure   1,195   $ 1,195       $ 195
Number of Businesses Acquired | business       0        
Capitalized Contract Cost, Gross   2,830   $ 2,830        
(Benefit from) provision for income taxes   (2,062) $ (136) (1,913) $ 129      
Net income (loss) attributable to i3 Verticals, Inc.   737 (1,102) 588 (924)      
Amortization expense of intangible assets       3,088 3,019 $ 6,282 $ 5,821  
Equity-based compensation expense       640        
Interchange and network fees   0 54,685 [1] 0 $ 110,514 [1]      
Operating Expenses                
Concentration Risk [Line Items]                
Interchange and network fees     $ 54,685 110,514        
Intangible Assets, Amortization Period                
Concentration Risk [Line Items]                
Amortization expense of intangible assets       184        
Change in Approach for Estimating the Realizability of a Deferred Tax Asset                
Concentration Risk [Line Items]                
Change in valuation allowance for deferred tax assets   (2,668)            
(Benefit from) provision for income taxes   (2,668)            
Net income (loss) attributable to i3 Verticals, Inc.   2,668   2,668        
Calculated under Revenue Guidance in Effect before Topic 606 [Member]                
Concentration Risk [Line Items]                
Interchange and network fees   $ 63,199   $ 132,301        
Accounting Standards Update 2014-09 [Member]                
Concentration Risk [Line Items]                
Cumulative Effect on Retained Earnings, Net of Tax $ 705              
[1] Effective October 1, 2019, the Company's revenues are presented net of interchange and network fees in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers. See Note 2 to our condensed consolidated financial statements for a description of the recently adopted accounting pronouncement.