v3.25.2
Acquisitions and Dispositions (Tables)
9 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Fair Value of Consideration
The preliminary fair value of the consideration is as follows (in thousands):
Cash$6,000 
Note payable5,000 
Total fair value of consideration$11,000 
Business Combination, Recognized Asset Acquired and Liability Assumed
The following is our preliminary allocation of the fair value of the acquisition price (in thousands) as of January 21, 2025:
Current assets$73 
Property and equipment3,305 
Licenses5,928 
Tradename1,081 
Total net assets acquired10,387 
Goodwill613 
Total fair value of net assets acquired$11,000 
Schedule of Unaudited Pro Forma Combined Results of Operations
From the date of acquisition until June 30, 2025, the acquired club contributed the following, which are included in our unaudited condensed consolidated statements of income (in thousands):
Three Months Ended
June 30, 2025
Nine Months Ended
June 30, 2025
Revenues$1,149 $1,830 
Income from operations$414 $598 
From the date of acquisition until June 30, 2025, the acquired clubs contributed the following, which are included in our unaudited condensed consolidated statements of income (in thousands):
Three Months Ended
June 30, 2025
Nine Months Ended
June 30, 2025
Revenues$1,116 $1,116 
Income from operations$397 $394