Stockholders' and Members' Equity (Tables)

3 Months Ended

Dec. 31, 2021

Stockholders' Equity [Abstract]

Summary of Restricted Stock Units Activity

The following table further summarizes activity related to restricted stock units for the three months ended December 31, 2021:

	Restricted Stock Unit Awards
	Number of Shares			Weighted Average Grant Date Fair Value ($)
Unvested at September 30, 2021		545,094		$	22.68
Awarded		158,107			40.21
Vested		(64,704	)		17.78
Forfeited		-			-
Unvested at December 31, 2021		638,497		$	31.12

Calculation of Earnings per share

The following table sets forth the calculation of earnings per share for the three months ended December 31, 2021 and 2020 (in thousands, except per share data):

Earnings per share:	Three Months Ended December 31, 2021		Three Months Ended December 31, 2020
Numerator:
Net income attributable to OneWater Inc	$	20,019	$	7,788
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share		13,380		10,776
Effect of dilutive securities:
Restricted stock units		381		210
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted earnings per share		13,761		10,986
Earnings per share of Class A common stock – basic	$	1.50	$	0.72
Earnings per share of Class A common stock – diluted	$	1.45	$	0.71

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 December 31, 2021		Three Months Ended December 31, 2020
Class B common stock		1,815		4,199
Restricted Stock Units		233		206
		2,048		4,405