Summary of Significant Accounting Policies (Tables)

3 Months Ended

Dec. 31, 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 months ended December 31, 2022 is as follows:

($ in thousands)	Three Months Ended December 31, 2022
Beginning contract liability	$	65,460
Revenue recognized from contract liabilities included in the beginning balance		(42,496	)
Increases due to business combinations and cash received, net of amounts recognized in revenue during the period		37,120
Ending contract liability	$	60,084

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, 2022 and 2021.

	Three Months Ended December 31, 2022			Three Months Ended December 31, 2021
Goods and services transferred at a point in time		92.8	%		93.2	%
Goods and services transferred over time		7.2	%		6.8	%
Total Revenue		100.0	%		100.0	%