Business Combinations (Tables)

3 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Total Consideration and Preliminary Fair Value of Assets and Liabilities

Based on the unaudited financial statements of GRSi on December 8, 2022, we accounted for the total acquisition consideration and allocation of fair value to the related assets and liabilities on a preliminary basis as follows (in thousands):

Preliminary purchase price for GRSi	$	188,458
Purchase price allocation:
Cash	747
Accounts receivable	25,468
Other current assets	1,354
Accounts payable and accrued expenses	(2,449)
Payroll liabilities	(7,827)
Other current liabilities	(325)
Equipment and improvements, net	463
Other long-term assets and liabilities	(611)
Intangible assets	98,004
Total identifiable net assets acquired	114,824
Goodwill	73,634

Schedule of Pro Forma Information

In addition, the reported historical amounts were adjusted for the following items, net of associated tax effects:

•The impact of recording GRSi's intangible asset amortization.

•The impact of interest expense for the new credit facility.

•The removal of legacy GRSi director's fees.

•The removal of transaction costs for the acquisition incurred by GRSi.

	(in thousands)
	Three Months Ended
	December 31,
Pro forma results	2022		2021
Revenue	$	99,823	$	178,854
Net income (loss)	$	2,181	$	6,857
Number of shares outstanding - basic	13,306		12,749
Number of shares outstanding - diluted	14,276		14,295
Basic earnings per share (loss)	$0.16		$0.54
Diluted earnings per share (loss)	$0.15		$0.48