Stockholders' Equity (Tables)

12 Months Ended

Sep. 30, 2024

Equity [Abstract]

Summary of Restricted Stock Units Activity

The following table further summarizes activity related to restricted stock units for the years ended September 30, 2024 and 2023:

	Restricted Stock Unit Awards
	Number of Shares	Weighted Average Grant Date Fair Value ($)
Unvested at September 30, 2022	559,793	$	28.01
Awarded	225,075	30.08
Vested	(257,082)	27.98
Forfeited	(3,001)	35.81
Unvested at September 30, 2023	524,785	28.86
Awarded	346,481	25.62
Vested	(318,934)	28.22
Forfeited	(10,213)	27.19
Unvested at September 30, 2024	542,119	$	27.20

Summary of Calculation of Earnings per share

The following table sets forth the calculation of net (loss) earnings per share for the years ended September 30, 2024, 2023, and 2022 (in thousands, except per share data):

Net (loss) earnings per share:	2024		2023		2022
Numerator:
Net (loss) income attributable to OneWater Inc	$	(5,705)	$	(38,592)	$	130,944
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net (loss) income per share	14,585		14,328		13,877
Effect of dilutive securities:
Restricted stock units	—		—		457
Employee stock purchase plan	—		—		3
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net (loss) income per share	14,585		14,328		14,337
Net (loss) earnings per share of Class A common stock – basic	$	(0.39)	$	(2.69)	$	9.44
Net (loss) earnings per share of Class A common stock – diluted	$	(0.39)	$	(2.69)	$	9.13

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):

	Year Ended September 30, 2024	Year Ended September 30, 2023	Year Ended September 30, 2022
Class B common stock	1,430	1,430	1,527
Restricted stock units	577	598	219
Employee Stock Purchase Plan	30	4	—
	2,037	2,032	1,746

Summary of Weighted Average Assumptions

The following are the assumptions used for the fiscal years ended September 30, 2024 and 2023:

	2024		2023		2022
Dividend yield	0.0	%	0.0	%	0.0	%
Risk-free interest rate	5.2 - 5.5%		4.8 - 5.5%		2.5%
Volatility	37.6 - 62.7%		37.6 - 45.6%		57.4%
Expected life	Six months		Six months		Six months