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Stockholders' Equity (Tables)
 12 Months Ended
Sep. 30, 2022
Stockholders' Equity [Abstract]  
Summary of Restricted Stock Units Activity

The following table further summarizes activity related to restricted stock units for the years ended September 30, 2022 and 2021:
 
   
Restricted Stock Unit Awards
  
   
Number of Shares
    
Weighted Average
Grant Date Fair
Value ($)
  
Unvested at September 30, 2020
    
301,643
    
$
15.78
  
Awarded
    
348,927
      
27.37
  
Vested
    
(105,476
)
    
18.47
  
Forfeited
    
-
      
-
  
Unvested at September 30, 2021
    
545,094
      
22.68
  
Awarded
     225,924
       40.01
  
Vested
     (211,225 )     27.10
  
Forfeited
     -
       -  
Unvested at September 30, 2022
     559,793
     $ 28.01  
Calculation of Earnings per share

The following table sets forth the calculation of earnings per share for the years ended September 30, 2022, 2021, and 2020 (in thousands, except per share data):
     
Earnings per share:
   2022     2021     2020  
Numerator:
                  
Net income attributable to OneWater Inc
  
$
130,944
     $ 79,059     $ 17,425  
                         
Denominator:
                        
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share
    
13,877
       11,087
       6,243  
Effect of dilutive securities:
                        
Restricted stock units
    
457
       272
       44  
Employee Stock Purchase Plan
    3       -       -  
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net income per share
    
14,337
       11,359
       6,287  
                         
Earnings per share of Class A common stock – basic
  
$
9.44
     $ 7.13     $ 2.79  
Earnings per share of Class A common stock – diluted
  
$
9.13
     $ 6.96     $ 2.77  
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):
  
   
Year Ended
September 30, 2022
   
Year Ended
September 30, 2021
   
Year Ended
September 30, 2020
 
Class B common stock
    
1,527
       3,931
       8,324  
Restricted stock units
    
219
       232
       220  
     
1,746
       4,163
       8,544  
Weighted Average Assumptions

The following are the weighted-average assumptions used for the fiscal year ended September 30, 2022:


   
2022
  
Dividend yield
    
0.0
%
Risk-free interest rate
    
2.5
%
Volatility
    
57.4
%
Expected life
  
Six months