XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.4
Acquisitions (Tables)
3 Months Ended
Dec. 31, 2022
Acquisitions [Abstract]  
Summary of Assets Acquired and Liabilities Assumed

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

Summary of Assets Acquired and Liabilities Assumed

($ in thousands)
 
Total Acquisitions
 
Accounts receivable
 
$
188
 
Inventories
   
6,232
 
Prepaid expenses
   
73
 
Property and equipment
   
11,587
 
Operating lease right-of-use assets
   
2,952
 
Identifiable intangible assets
   
8,400
 
Goodwill
   
18,880
 
Accounts payable
   
(17
)
Accrued expenses
   
(354
)
Customer deposits
   
(1,000
)
Notes payable - floor plan     (2,228 )
Operating lease liabilities
   
(2,952
)
Aggregate acquisition date fair value
 
$
41,761
 
         
Consideration transferred
 
$
41,761
 
Unaudited Pro Forma Results of Operations

The following unaudited pro forma summary presents consolidated information as if all acquisitions in the three-month period ended December 31, 2022 and 2021 had occurred on October 1, 2021:


   
Three Months Ended
December 31, 2022
   
Three Months Ended
December 31, 2021
 
    ($ in thousands)  
   
(Unaudited)
 
Pro forma revenue
  $
369,363    
$
428,136
 
Pro forma net income
  $
11,542    
$
25,916