Stockholders' and Members' Equity (Tables)

9 Months Ended

Jun. 30, 2021

Stockholders' and Members' Equity [Abstract]

Summary of Restricted Stock Units Activity

The following table further summarizes activity related to restricted stock units for the nine months ended June 30, 2021:

	Restricted Stock Unit Awards
	Number of Shares			Weighted Average Grant Date Fair Value ($)
Unvested at September 30, 2020		301,643		$	15.78
Awarded		246,437			26.58
Vested		(75,893	)		15.70
Forfeited		-			-
Unvested at June 30, 2021		472,187		$	21.43

Calculation of Earnings per share

The following table sets forth the calculation of earnings per share for the three months ended June 30, 2021 and 2020 (in thousands, except per share data):

Earnings per share:	Three Months Ended June 30, 2021		Three Months Ended June 30, 2020
Numerator:
Net income attributable to OneWater Inc	$	34,503	$	14,367
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share		10,976		6,088
Effect of dilutive securities:
Restricted stock units		365		9
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted earnings per share		11,341		6,097
Earnings per share of Class A common stock – basic	$	3.14	$	2.36
Earnings per share of Class A common stock – diluted	$	3.04	$	2.36

The following table sets forth the calculation of earnings per share for the nine months ended June 30, 2021 and 2020 (in thousands, except per share data):

Earnings per share:	Nine Months Ended June 30, 2021		Nine Months Ended June 30, 2020
Numerator:
Net income attributable to OneWater Inc	$	62,765	$	15,452
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share		10,884		6,088
Effect of dilutive securities:
Restricted stock units		259		5
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted earnings per share		11,143		6,093
Earnings per share of Class A common stock – basic	$	5.77	$	2.54
Earnings per share of Class A common stock – diluted	$	5.63	$	2.54

Antidilutive Securities Excluded From Calculation

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion (in thousands):

	Three Months Ended June 30, 2021		Three Months Ended June 30, 2020
Class B common stock		4,063		8,462
Restricted Stock Units		201		292
		4,264		8,754

	Nine Months Ended June 30, 2021		Nine Months Ended June 30, 2020
Class B common stock		4,124		8,462
Restricted Stock Units		221		235
		4,345		8,697