ACQUISITIONS (Tables)

6 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Pro Forma Information

The following unaudited proforma summary from continuing operations presents consolidated information as if the Company acquired Hunter on October 1, 2020:

	Proforma For the Three Months Ended March 31, (unaudited)				Proforma For the Six Months Ended March 31, (unaudited)
	2022		2021		2022		2021
Revenue	$	791,038	$	673,597	$	1,461,877	$	1,277,382
Income from continuing operations	55,151		24,419		75,125		50,514

Schedule of Assets Acquired and Liabilities Assumed

The calculation of the preliminary purchase price allocation is as follows:

Accounts receivable (1)	$	64,602
Inventories(2)	110,299
Other current assets	9,513
Property, plant and equipment	15,007
Operating lease right-of-use assets	12,447
Goodwill	279,658
Intangible assets	606,000
Total assets acquired	$	1,097,526
Accounts payable and accrued liabilities	$	70,768
Current portion of operating lease liabilities	3,323
Deferred tax liability(3)	161,381
Long-term operating lease liabilities	9,123
Other long-term liabilities	1,467
Total liabilities assumed	$	246,062
Total net assets acquired	$	851,464

(1) Includes $67,201 of gross accounts receivable of which $2,599 was not expected to be collected. The fair value of accounts receivable approximated book value acquired.

(2) Includes $113,287 of gross inventory of which $2,988 was reserved for obsolete items.

(3) Deferred tax liability recorded on intangibles assets.

Schedule of Intangible Assets and Goodwill

The amounts assigned to goodwill and major intangible asset classifications for the Hunter acquisition are as follows:

			Average Life (Years)
Goodwill	$	279,658	N/A
Indefinite-lived intangibles	356,000		N/A
Definite-lived intangibles	250,000		20
Total goodwill and intangible assets	$	885,658