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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Revenues        
Total revenues $ 189,963   $ 343,661  
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales 145,379   266,888  
Selling, general and administrative expenses 32,146   60,586  
Depreciation and amortization 791   1,551 $ 1,192
Transaction costs 2,925   3,362  
Gain on settlement of contingent consideration 0   0  
Income from operations 8,722   11,274  
Other expense (income)        
Interest expense - floor plan 2,525   5,184  
Interest expense - other 2,457   4,310  
Change in fair value of warrant liability 0   (771) 7,600
Other expense (income), net 289   167  
Total other expense net 5,271   8,890  
Income (loss) before income tax expense 3,451   2,384  
Income tax expense 472   472  
Net income (loss) 2,979 $ (2,951) 1,912 (441)
Less: Net income (loss) attributable to non-controlling interest (103)   (350)  
Net income (loss) $ 1,085   $ 1,085  
Weighted Average Number of Shares Outstanding, Basic (in shares) 6,088   6,088  
New Boat [Member]        
Revenues        
Total revenues $ 127,913   $ 226,015  
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales 103,788   185,389  
Pre-Owned Boat [Member]        
Revenues        
Total revenues 42,992   80,813  
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales 35,809   68,029  
Finance & Insurance [Member]        
Revenues        
Total revenues 8,083   12,408  
Service, Parts & Other [Member]        
Revenues        
Total revenues 10,975   24,425  
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales $ 5,782   $ 13,470  
Class A Common Stock [Member]        
Other expense (income)        
Earnings per share, Basic (in dollars per share) [1] $ 0.18   $ 0.18  
Earnings per share, Diluted (in dollars per share) [1] $ 0.18   $ 0.18  
Weighted Average Number of Shares Outstanding, Basic (in shares) [1] 6,088   6,088  
Weighted Average Number of Shares Outstanding, Diluted (in shares) [1] 6,088   6,088  
OneWater LLC [Member]        
Revenues        
Total revenues   180,771   284,049
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales   141,046   221,005
Selling, general and administrative expenses   27,548   49,177
Depreciation and amortization   585   1,192
Transaction costs   444   742
Gain on settlement of contingent consideration   (1,655)   (1,655)
Income from operations   12,803   13,588
Other expense (income)        
Interest expense - floor plan   2,210   3,997
Interest expense - other   1,294   2,522
Change in fair value of warrant liability   12,295   7,600
Other expense (income), net   (45)   (90)
Total other expense net   15,754   14,029
Income (loss) before income tax expense   (2,951)   (441)
Income tax expense   0   0
Net income (loss)   (2,951)   (441)
Less: Net income (loss) attributable to non-controlling interest $ (1,791) (270) $ (477) (546)
Net income (loss)   (3,221)   (987)
OneWater LLC [Member] | New Boat [Member]        
Revenues        
Total revenues   126,928   194,492
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales   104,780   160,102
OneWater LLC [Member] | Pre-Owned Boat [Member]        
Revenues        
Total revenues   36,015   55,929
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales   29,838   46,719
OneWater LLC [Member] | Finance & Insurance [Member]        
Revenues        
Total revenues   6,354   8,518
OneWater LLC [Member] | Service, Parts & Other [Member]        
Revenues        
Total revenues   11,474   25,110
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales   $ 6,428   $ 14,184
[1] Represents earnings per share of Class A common stock and weighted-average shares of Class A common stock outstanding for the period from February 11, 2020 through March, 31, 2020, the period following the Organizational Transactions (as defined below) and OneWater Marine Inc.'s initial public offering. See Note 9.