Summary of Significant Accounting Policies (Tables)

9 Months Ended

Jun. 30, 2022

Summary of Significant Accounting Policies [Abstract]

Contract Liabilities

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 and nine months ended June 30, 2022 is as follows:

($ in thousands)	Three Months Ended June 30, 2022			Nine Months Ended June 30, 2022
Beginning contract liability	$	63,514		$	46,610
Revenue recognized from contract liabilities included in the beginning balance		(35,337	)		(42,595	)
Increases due to cash received, net of amounts recognized in revenue during the period		37,343			61,505
Ending contract liability	$	65,520		$	65,520

Percentages on Timing of Revenue Recognition

The following tables set forth percentages on the timing of revenue recognition for the three and nine months ended June 30, 2022 and 2021.

	Three Months Ended June 30, 2022			Three Months Ended June 30, 2021
Goods and services transferred at a point in time		95.0	%		94.4	%
Goods and services transferred over time		5.0	%		5.6	%
Total Revenue		100.0	%		100.0	%

	Nine Months Ended June 30, 2022			Nine Months Ended June 30, 2021
Goods and services transferred at a point in time		94.6	%		94.1	%
Goods and services transferred over time		5.4	%		5.9	%
Total Revenue		100.0	%		100.0	%