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Acquisitions (Tables)
 12 Months Ended
Sep. 30, 2022
Acquisitions [Abstract]  
Summary of Assets Acquired and Liabilities Assumed

The table below summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date, including the goodwill recorded as a result of the transactions:


Fiscal year 2022 Acquisitions:


Summary of Assets Acquired and Liabilities Assumed

($ in thousands)
  
T-H Marine
    
Quality Boats
    
Denison Yachting
    
Ocean Bio-Chem
    
Other Acquisitions
    
Total Acquisitions
  
Accounts receivable
  
$
8,955
    
$
-
    
$
654
    
$
14,989
    
$
1,123
    
$
25,721
  
Inventories
    
19,856
      
5,937
      
1,981
      
24,362
      
9,618
      
61,754
  
Prepaid expenses
    
1,547
      
47
      
2,053
      
1,431
      
338
      
5,416
  
Property and equipment
    
3,896
      
803
      
293
      
32,037
      
1,227
      
38,256
  
Deposits
    
-
      
-
      
126
      
-
      
13
      
139
  
Operating lease right-of-use assets
    
5,960
      
11,877
      
1,221
      
762
      
7,375
      
27,195
  
Identifiable intangible assets
    
105,500
      
31,700
      
16,600
      
59,300
      
11,332
      
224,432
  
Goodwill
    
51,694
      
78,682
      
29,144
      
35,270
      
15,307
      
210,097
  
Accounts payable
    
(3,876
)
    
-
      
(80
)
    
(3,654
)
    
(471
)
    
(8,081
)
Accrued expenses
    
(1,697
)
    
-
      
(252
)
    
(1,817
)
    
(553
)
    
(4,319
)
Customer deposits
    
(394
)
    
(5,047
)
    
(5,524
)
    
(176
)
    
(3,307
)
    
(14,448
)
Deferred tax liabilities
    
-
      
-
      
-
      
(20,141
)
    
(751
)
    
(20,892
)
Long-term debt
    
-
      
-
      
-
      
(8,150
)
    
-
      
(8,150
)
Operating lease liabilities
    
(5,960
)
    
(11,877
)
    
(1,221
)
    
(762
)
    
(7,375
)
    
(27,195
)
Aggregate acquisition date fair value
  
$
185,481
    
$
112,122
    
$
44,995
    
$
133,451
    
$
33,876
    
$
509,925
  
                                                 
Consideration transferred
    
185,481
      
92,811
      
44,995
      
135,281
      
33,876
      
492,444
  
Cash acquired
    
-
      
-
      
-
      
(1,829
)
    
-
      
(1,829
)
Fair value of non-controlling interests
    
-
      
19,311
      
-
      
-
      
-
      
19,311
  
Aggregate acquisition date fair values
  
$
185,481
    
$
112,122
    
$
44,995
    
$
133,451
    
$
33,876
    
$
509,925
  


The table below summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date, including the goodwill recorded as a result of the transactions:

Fiscal year 2021 Acquisitions:

($ in thousands)
  
Walker Marine Group
    
Roscioli Yachting Center
    
Other Acquisitions
    
Total Acquisitions
  
Accounts receivable
  
$
129
    
$
-
    
$
390
    
$
519
  
Inventories
    
8,481
      
87
      
10,476
      
19,044
  
Prepaid expenses
    
39
      
1
      
180
      
220
  
Property and equipment
    
503
      
41,300
      
700
      
42,503
  
Identifiable intangible assets
    
8,520
      
1,530
      
13,940
      
23,990
  
Goodwill
    
26,927
      
2,993
      
25,512
      
55,432
  
Accounts payable
    
(213
)
    
(180
)
    
-
      
(393
)
Accrued expenses
    
-
      
(185
)
    
(47
)
    
(232
)
Customer deposits
    
(3,033
)
    
-
      
(2,248
)
    
(5,281
)
Notes payable – floor plan
    
(7,563
)
    
-
      
(6,134
)
    
(13,697
)
Aggregate acquisition date fair value
  
$
33,790
    
$
45,546
    
$
42,769
    
$
122,105
  
                                 
Consideration transferred
    
33,790
      
45,546
      
42,769
      
122,105
  
Aggregate acquisition date fair values
  
$
33,790
    
$
45,546
    
$
42,769
    
$
122,105
  
Unaudited Pro Forma Results of Operations

The following unaudited pro forma results of operations for the years ended September 30, 2022, 2021 and 2020 assumes that all acquisitions were completed on October 1, 2019.

($ in thousands)
  
2022
    
2021
     2020  
Pro forma revenues
  
$
1,885,896
    
$
1,755,678
    
$
1,514,417
  
Pro forma net income
  
$
161,902
    
$
165,198
    
$
80,866