XML 70 R53.htm IDEA: XBRL DOCUMENT v3.22.2.2
Acquisitions (Details)
$ in Thousands
12 Months Ended
Sep. 30, 2022
USD ($)
Location
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Acquisition
Apr. 02, 2022
State
Location
Dec. 31, 2021
Location
Dec. 01, 2021
Location
Oct. 02, 2021
Location
Aug. 01, 2021
Location
Dec. 31, 2020
Location
Dec. 01, 2020
Location
Acquisition [Abstract]                    
Number of acquisitions completed | Acquisition     0              
Number of retail locations | Location 96                  
Cash paid for acquisition $ 459,540 $ 107,467 $ 0              
Note payable to seller 1,100 2,100                
Payment of contingent consideration 15,300 9,200                
Issuance of shares of Class A common stock 14,600 1,500                
Minimum payout due of contingent consideration 5,900 200                
Maximum payout due of contingent consideration 24,700                  
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Goodwill 378,588 168,491 113,059              
Consideration transferred 490,600 122,100                
Revenue 1,744,822 1,228,206 1,022,970              
Income before income tax expense 195,836 142,215 54,837              
Costs related to acquisition 7,500                  
Accrued purchase consideration   1,900                
Goodwill expected to be deductible for tax purposes 144,000 55,400                
Unaudited Pro Forma Results of Operations [Abstract]                    
Pro forma revenues 1,885,896 1,755,678 1,514,417              
Pro forma net income $ 161,902 165,198 $ 80,866              
Notes Payable [Member]                    
Acquisition [Abstract]                    
Interest rate 4.00%                  
Naples Boat Mart [Member]                    
Acquisition [Abstract]                    
Number of retail locations | Location             1      
Norfolk Marine [Member]                    
Acquisition [Abstract]                    
Number of retail locations | Location           1        
Quality Boats [Member]                    
Acquisition [Abstract]                    
Number of retail locations | Location         3          
Percentage of economic interest retained by sellers 80.00%       20.00%          
Percentage of remaining economic interest 20.00%       20.00%          
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Accounts receivable $ 0                  
Inventories 5,937                  
Prepaid expenses 47                  
Property and equipment 803                  
Deposits 0                  
Operating lease right-of-use assets 11,877                  
Identifiable intangible assets 31,700                  
Goodwill 78,682                  
Accounts payable 0                  
Accrued expenses 0                  
Customer deposits (5,047)                  
Deferred tax liabilities 0                  
Long-term debt 0                  
Operating lease liabilities (11,877)                  
Aggregate acquisition date fair value 112,122                  
Consideration transferred 92,811                  
Cash acquired 0                  
Fair value of non-controlling interests 19,311                  
Denison Yachting [Member]                    
Acquisition [Abstract]                    
Number of retail locations | Location       20            
Number of states | State       7            
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Accounts receivable 654                  
Inventories 1,981                  
Prepaid expenses 2,053                  
Property and equipment 293                  
Deposits 126                  
Operating lease right-of-use assets 1,221                  
Identifiable intangible assets 16,600                  
Goodwill 29,144                  
Accounts payable (80)                  
Accrued expenses (252)                  
Customer deposits (5,524)                  
Deferred tax liabilities 0                  
Long-term debt 0                  
Operating lease liabilities (1,221)                  
Aggregate acquisition date fair value 44,995                  
Consideration transferred 44,995                  
Cash acquired 0                  
Fair value of non-controlling interests 0                  
T-H Marine [Member]                    
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Accounts receivable 8,955                  
Inventories 19,856                  
Prepaid expenses 1,547                  
Property and equipment 3,896                  
Deposits 0                  
Operating lease right-of-use assets 5,960                  
Identifiable intangible assets 105,500                  
Goodwill 51,694                  
Accounts payable (3,876)                  
Accrued expenses (1,697)                  
Customer deposits (394)                  
Deferred tax liabilities 0                  
Long-term debt 0                  
Operating lease liabilities (5,960)                  
Aggregate acquisition date fair value 185,481                  
Consideration transferred 185,481                  
Cash acquired 0                  
Fair value of non-controlling interests 0                  
Ocean Bio-Chem [Member]                    
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Accounts receivable 14,989                  
Inventories 24,362                  
Prepaid expenses 1,431                  
Property and equipment 32,037                  
Deposits 0                  
Operating lease right-of-use assets 762                  
Identifiable intangible assets 59,300                  
Goodwill 35,270                  
Accounts payable (3,654)                  
Accrued expenses (1,817)                  
Customer deposits (176)                  
Deferred tax liabilities (20,141)                  
Long-term debt (8,150)                  
Operating lease liabilities (762)                  
Aggregate acquisition date fair value 133,451                  
Consideration transferred 135,281                  
Cash acquired (1,829)                  
Fair value of non-controlling interests 0                  
Tom George Yacht Group [Member]                    
Acquisition [Abstract]                    
Number of retail locations | Location                   2
Walker Marine Group [Member]                    
Acquisition [Abstract]                    
Number of retail locations | Location                 5  
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Accounts receivable   129                
Inventories   8,481                
Prepaid expenses   39                
Property and equipment   503                
Identifiable intangible assets   8,520                
Goodwill   26,927                
Accounts payable   (213)                
Accrued expenses   0                
Customer deposits   (3,033)                
Notes payable - floor plan   (7,563)                
Aggregate acquisition date fair value   33,790                
Consideration transferred   33,790                
Roscioli Yachting Center [Member]                    
Acquisition [Abstract]                    
Number of retail locations | Location                 1  
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Accounts receivable   0                
Inventories   87                
Prepaid expenses   1                
Property and equipment   41,300                
Identifiable intangible assets   1,530                
Goodwill   2,993                
Accounts payable   (180)                
Accrued expenses   (185)                
Customer deposits   0                
Notes payable - floor plan   0                
Aggregate acquisition date fair value   45,546                
Consideration transferred   45,546                
Stone Harbor Marina [Member]                    
Acquisition [Abstract]                    
Number of retail locations | Location               1    
Other Acquisitions [Member]                    
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Accounts receivable 1,123 390                
Inventories 9,618 10,476                
Prepaid expenses 338 180                
Property and equipment 1,227 700                
Deposits 13                  
Operating lease right-of-use assets 7,375                  
Identifiable intangible assets 11,332 13,940                
Goodwill 15,307 25,512                
Accounts payable (471) 0                
Accrued expenses (553) (47)                
Customer deposits (3,307) (2,248)                
Notes payable - floor plan   (6,134)                
Deferred tax liabilities (751)                  
Long-term debt 0                  
Operating lease liabilities (7,375)                  
Aggregate acquisition date fair value 33,876 42,769                
Consideration transferred 33,876 42,769                
Cash acquired 0                  
Fair value of non-controlling interests 0                  
Total Acquisitions [Member]                    
Summary of Assets Acquired and Liabilities Assumed [Abstract]                    
Accounts receivable 25,721 519                
Inventories 61,754 19,044                
Prepaid expenses 5,416 220                
Property and equipment 38,256 42,503                
Deposits 139                  
Operating lease right-of-use assets 27,195                  
Identifiable intangible assets 224,432 23,990                
Goodwill 210,097 55,432                
Accounts payable (8,081) (393)                
Accrued expenses (4,319) (232)                
Customer deposits (14,448) (5,281)                
Notes payable - floor plan   (13,697)                
Deferred tax liabilities (20,892)                  
Long-term debt (8,150)                  
Operating lease liabilities (27,195)                  
Aggregate acquisition date fair value 509,925 122,105                
Consideration transferred 492,444 $ 122,105                
Cash acquired (1,829)                  
Fair value of non-controlling interests 19,311                  
Revenue 275,300                  
Income before income tax expense $ 41,100