Acquisitions and Dispositions (Tables)

9 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary Fair Value of Consideration

The preliminary fair value of the consideration transferred is as follows (in thousands):

Cash	$	36,800
Notes payable	21,200
Common stock	30,362
Total consideration fair value	$	88,362

The preliminary fair value of the consideration transferred is as follows (in thousands) as of May 2, 2022:

Cash	$	5,000
Notes payable	11,000
Total consideration fair value	$	16,000

Schedule of Allocation of Fair Value of the Acquisition Price

The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of October 18, 2021:

Current assets	$	386
Property and equipment	19,534
Licenses	50,080
Tradenames	7,460
Deferred tax liability	(2,903)
Total net assets acquired	74,557
Goodwill	13,805
Acquisition price fair value	$	88,362

The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of May 2, 2022:

Current assets	$	172
Property and equipment	5,336
Licenses	4,510
Tradenames	1,110
Deferred tax liability	(2,443)
Total net assets acquired	8,685
Goodwill	7,315
Acquisition price fair value	$	16,000

Schedule of Unaudited Pro Forma Combined Results of Operations

The following table presents the unaudited pro forma combined results of operations of the Company and the eleven acquired clubs and related assets as though the acquisition occurred at the beginning of fiscal 2021 (in thousands, except per share amounts and number of shares):

	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2022		2021		2022		2021
Pro forma revenues	$	70,714	$	64,407	$	197,968	$	155,184
Pro forma net income attributable to RCIHH common stockholders	$	13,931	$	13,745	$	34,876	$	29,252
Pro forma earnings per share – basic and diluted	$	1.48	$	1.45	$	3.70	$	3.08
Pro forma weighted average number of common shares outstanding	9,389,675		9,499,910		9,428,461		9,506,373