Business Combination (Tables)

12 Months Ended

Sep. 30, 2023

Schedule of Total Acquisition Consideration and Allocation of Fair Value of Assets and Liabilities

We accounted for the total acquisition consideration and allocation of fair value of the related assets and liabilities at December 8, 2022 as follows (in thousands):


Purchase price for GRSi	$	187,997

Purchase price allocation:
Cash	747
Accounts receivable	25,468
Other current assets	1,354
Equipment and improvements, net	463
Intangible assets	98,688
Accounts payable and accrued expenses	(2,449)
Payroll liabilities	(7,826)
Other current liabilities	(325)
Other long-term assets and liabilities	(781)
Identifiable net assets acquired	115,339

Goodwill	$	72,658

Schedule of Pro Forma Results (unaudited)

The unaudited pro forma information below is presented for informational purposes only and is not necessarily indicative of our results if the acquisition had taken place on that date. The pro forma information was prepared by combining our reported historical results with the historical results of GRSi for the pre-acquisition periods. 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.

The following table presents certain unaudited results for the year ended September 30, 2023 as though the acquisition of GRSi had occurred on October 1, 2022 (in thousands):


	Twelve Months Ended
	September 30,
Pro forma results	2023		2022
Revenue	$	402,958	$	507,251
Net income	2,054		18,912

Number of shares outstanding - basic	13,704		12,830
Number of shares outstanding - diluted	14,431		14,179

Basic earnings per share	$0.15		$1.47
Diluted earnings per share	$0.14		$1.33