Accounts Receivable

12 Months Ended

Sep. 30, 2021

Accounts Receivable [Abstract]

Accounts Receivable

5. Accounts Receivable

 Accounts receivable primarily consists of contracts in transit. These amounts represent anticipated funding from the loan agreement customers execute at the store when they purchase their new or pre-owned boat. These finance contracts are typically funded within 30 days. Trade receivables include amounts due from customers on the sale of boats, parts, service, and storage. Amounts due from manufacturers represent receivables for various manufacturer incentive programs and parts and service work performed pursuant to the manufacturers’ warranties.

Accounts receivable consisted of the following:

($ in thousands)	September 30, 2021			September 30, 2020
Contracts in transit	$	16,666		$	13,532
Trade and other accounts receivable		6,083			1,023
Manufacturer receivable		5,887			4,059
Total accounts receivable		28,636			18,614
Less – allowance for doubtful accounts		(107	)		(135)
Total accounts receivable, net	$	28,529		$	18,479