Summary of Significant Accounting Policies (Tables)

3 Months Ended

Dec. 31, 2021

Summary of Significant Accounting Policies [Abstract]

Contract liabilities consist of deferred revenues from marina and storage operations and customer deposits and are classified in customer deposits in the Company’s unaudited condensed consolidated balance sheets. Deposits received from customers are recorded as a liability until the related sales orders have been fulfilled by us and control of the vessel or part/accessory is transferred to the customer. The activity in customer deposits for the three months ended December 31, 2021 is as follows:

($ in thousands)	Three Months Ended December 31, 2021
Beginning contract liability	$	46,610
Revenue recognized from contract liabilities included in the beginning balance		(27,465	)
Increases due to cash received, net of amounts recognized in revenue during the period		37,841
Ending contract liability	$	56,986

Percentages on Timing of Revenue Recognition

The following tables set forth percentages on the timing of revenue recognition for the three months ended December 31, 2021 and 2020.

	Three Months Ended December 31, 2021			Three Months Ended December 31, 2020
Goods and services transferred at a point in time		93.2	%		93.1	%
Goods and services transferred over time		6.8	%		6.9	%
Total Revenue		100.0	%		100.0	%