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Stockholders’ Equity (Tables)
 9 Months Ended
Jun. 30, 2024
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, 2024:
Restricted Stock Unit Awards
Number of Shares Weighted Average
Grant Date Fair Value
Unvested at September 30, 2023524,785$28.86 
Awarded346,48125.62 
Vested(227,790)25.07 
Forfeited— — 
Unvested at June 30, 2024643,476$28.46 
Summary of Calculation of Net (Loss) Earnings Per Share
The following table sets forth the calculation of net earnings per share for the three months ended June 30, 2024 and 2023 (in thousands, except per share data):
Net earnings per share:Three Months Ended June 30, 2024Three Months Ended June 30, 2023
Numerator:  
Net income attributable to OneWater Inc$14,683 $28,570 
  
Denominator:  
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share14,59314,314
Effect of dilutive securities:  
Restricted stock units297356
Employee stock purchase plan 15
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net earnings per share14,89114,675
  
Net earnings per share of Class A common stock – basic$1.01 $2.00 
Net earnings per share of Class A common stock – diluted$0.99 $1.95 
The following table sets forth the calculation of net earnings per share for the nine months ended June 30, 2024 and 2023 (in thousands, except per share data):
Net earnings per share:Nine Months Ended June 30, 2024Nine Months Ended June 30, 2023
Numerator:
Net income attributable to OneWater Inc$3,544 $60,274 
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share14,57114,317
Effect of dilutive securities:
Restricted stock units264318
Employee stock purchase plan —4
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net earnings per share14,83514,639
Net earnings per share of Class A common stock – basic$0.24 $4.21 
Net earnings per share of Class A common stock – diluted$0.24 $4.12 
Summary of Antidilutive Securities Excluded From Calculation
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net 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, 2024Three Months Ended June 30, 2023
Class B common stock1,4301,430
Restricted Stock Units198216
Employee Stock Purchase Plan33—
1,6611,646
Nine Months Ended June 30, 2024Nine Months Ended June 30, 2023
Class B common stock1,4301,430
Restricted Stock Units251281
Employee Stock Purchase Plan28—
1,7091,711
Summary of Weighted Average Assumptions
The following are the assumptions used for the periods ended June 30, 2024 and 2023:
20242023
Dividend yield0.0 %0.0 %
Risk-free interest rate
5.2 - 5.5%
4.8 %
Volatility
37.6 - 62.7%
45.6 %
Expected lifeSix monthsSix months