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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenues:        
Total revenues $ 524,331 $ 442,127 $ 890,990 $ 778,399
Cost of sales (exclusive of depreciation and amortization shown separately below):        
Total cost of sales 377,634 299,585 634,305 534,892
Selling, general and administrative expenses 90,193 75,492 168,031 134,588
Depreciation and amortization 5,637 4,727 11,330 6,476
Transaction costs 241 776 1,571 3,821
Change in fair value of contingent consideration 1,736 2,158 327 7,904
Income from operations 48,890 59,389 75,426 90,718
Other expense (income):        
Interest expense – floor plan 5,472 1,048 10,251 1,925
Interest expense – other 8,604 3,097 16,188 4,626
Other (income) expense, net (187) 109 (826) 657
Total other expense, net 13,889 4,254 25,613 7,208
Income before income tax expense 35,001 55,135 49,813 83,510
Income tax expense 7,964 12,781 11,348 17,670
Net income 27,037 42,354 38,465 65,840
Less: Net income attributable to non-controlling interests (1,165) (1,011) (2,530) (1,011)
Less: Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (3,068) (5,046) (4,231) (8,513)
Net income attributable to OneWater Marine Inc. 22,804 36,297 31,704 56,316
New boat        
Revenues:        
Total revenues 355,284 290,020 587,689 526,218
Cost of sales (exclusive of depreciation and amortization shown separately below):        
Total cost of sales 275,026 208,606 450,284 384,502
Pre-owned boat        
Revenues:        
Total revenues 75,394 75,854 131,172 129,303
Cost of sales (exclusive of depreciation and amortization shown separately below):        
Total cost of sales 58,180 55,959 98,484 95,329
Finance & insurance income        
Revenues:        
Total revenues 15,324 14,948 24,258 24,255
Service, parts & other        
Revenues:        
Total revenues 78,329 61,305 147,871 98,623
Cost of sales (exclusive of depreciation and amortization shown separately below):        
Total cost of sales $ 44,428 $ 35,020 $ 85,537 $ 55,061
Class A Common Stock        
Other expense (income):        
Earnings per share, basic (in dollars per share) $ 1.59 $ 2.62 $ 2.21 $ 4.14
Earnings per share, diluted (in dollars per share) $ 1.56 $ 2.54 $ 2.17 $ 4.02
Weighted-average number of shares used to compute net loss per share, basic (in shares) 14,340 13,864 14,318 13,619
Weighted-average number of shares used to compute net loss per share, diluted (in shares) 14,655 14,272 14,612 14,017