Stockholders’ Equity (Tables)

3 Months Ended

Dec. 31, 2023

Equity [Abstract]

Summary of Restricted Stock Units Activity

The following table further summarizes activity related to restricted stock units for the three months ended December 31, 2023:

	Restricted Stock Unit Awards
	Number of Shares	Weighted Average Grant Date Fair Value
Unvested at September 30, 2023	524,785	$	28.86
Awarded	346,481	25.62
Vested	(191,624)	26.86
Forfeited	—	—
Unvested at December 31, 2023	679,642	$	27.77

Summary of Calculation of Net (Loss) Earnings Per Share

The following table sets forth the calculation of net (loss) earnings per share for the three months ended December 31, 2023 and 2022 (in thousands, except per share data):

Net (loss) earnings per share:	Three Months Ended December 31, 2023		Three Months Ended December 31, 2022
Numerator:
Net (loss) income attributable to OneWater Inc	$	(7,170)	$	8,900
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net (loss) income per share	14,540		14,297
Effect of dilutive securities:
Restricted stock units	-		284
Employee stock purchase plan	-		6
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net (loss) earnings per share	14,540		14,587
Net (loss) earnings per share of Class A common stock – basic	$	(0.49)	$	0.62
Net (loss) earnings per share of Class A common stock – diluted	$	(0.49)	$	0.61

Summary of Antidilutive Securities Excluded From Calculation

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net (loss) earnings per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion (in thousands):

	Three Months Ended December 31, 2023	Three Months Ended December 31, 2022
Class B common stock	1,430	1,430
Restricted Stock Units	495	377
Employee Stock Purchase Plan	26	-
	1,951	1,807

Summary of Weighted Average Assumptions

The following are the weighted-average assumptions used for the period ended December 31, 2023 and 2022:

	2023		2022
Dividend yield	0.0	%	0.0	%
Risk-free interest rate	5.5	%	2.5	%
Volatility	37.6	%	57.4	%
Expected life	Six months		Six months