Stockholders' and Members' Equity (Tables)

9 Months Ended

Jun. 30, 2023

Equity [Abstract]

Summary of Restricted Stock Units Activity

The following table further summarizes activity related to restricted stock units for the nine months ended June 30, 2023:

	Restricted Stock Unit Awards
	Number of Shares	Weighted Average Grant Date Fair Value
Unvested at September 30, 2022	559,793	$	28.01
Awarded	216,771	30.08
Vested	(163,393)	23.44
Forfeited	(2,001)	38.66
Unvested at June 30, 2023	611,170	$	29.93

Summary of Calculation of Earnings per share

The following table sets forth the calculation of earnings per share for the three months ended June 30, 2023 and 2022 (in thousands, except per share data):

Earnings per share:	Three Months Ended June 30, 2023		Three Months Ended June 30, 2022
Numerator:
Net income attributable to OneWater Inc.	$	28,570	$	55,977
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share	14,314		14,133
Effect of dilutive securities:
Restricted stock units	356		379
Employee stock purchase plan	5		-
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted earnings per share	14,675		14,512
Earnings per share of Class A common stock – basic	$	2.00	$	3.96
Earnings per share of Class A common stock – diluted	$	1.95	$	3.86

The following table sets forth the calculation of earnings per share for the nine months ended June 30, 2023 and 2022 (in thousands, except per share data):

Earnings per share:	Nine Months Ended June 30, 2023		Nine Months Ended June 30, 2022
Numerator:
Net income attributable to OneWater Inc.	$	60,274	$	112,293
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share	14,317		13,791
Effect of dilutive securities:
Restricted stock units	318		414
Employee stock purchase plan	4		-
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted earnings per share	14,639		14,205
Earnings per share of Class A common stock – basic	$	4.21	$	8.14
Earnings per share of Class A common stock – diluted	$	4.12	$	7.90

Summary of 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 June 30, 2023	Three Months Ended June 30, 2022
Class B common stock	1,430	1,430
Restricted Stock Units	216	256
	1,646	1,686

	Nine Months Ended June 30, 2023	Nine Months Ended June 30, 2022
Class B common stock	1,430	1,560
Restricted Stock Units	281	233
	1,711	1,793

Summary of Weighted Average Assumptions

The following are the weighted-average assumptions used for the period ended June 30, 2023:

	2023
Dividend yield	0.0	%
Risk-free interest rate	4.8	%
Volatility	45.6	%
Expected life	Six months