Acquisitions and Dispositions (Tables)

12 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [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:

Summary of Assets Acquired and Liabilities Assumed

($ in thousands)	Total Acquisitions
Accounts receivable	$	286
Inventories	6,424
Prepaid expenses	72
Property and equipment	11,588
Operating lease right-of-use assets	3,820
Identifiable intangible assets	8,800
Goodwill	18,481
Accounts payable	(17)
Accrued expenses	(361)
Customer deposits	(1,013)
Notes payable - floor plan	(2,228)
Operating lease liabilities	(3,820)
Aggregate acquisition date fair value	$	42,032
Consideration transferred	42,032

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:

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:

($ 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

Summary of Unaudited Pro Forma Results of Operations

The following unaudited pro forma results of operations for the years ended September 30, 2023, 2022 and 2021 assumes that all acquisitions were completed on October 1, 2020.

($ in thousands)	2023		2022		2021
Pro forma revenues	$	1,944,304	$	1,939,382	$	1,804,798
Pro forma net (loss) income	$	(37,943)	$	168,704	$	171,523