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Accounts Receivable
 3 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Accounts Receivable Accounts Receivable
Accounts receivable primarily consists of trade accounts receivable, contracts in transit and manufacturer receivables. Trade receivables include amounts due from customers on the sale of boats, parts, service, and storage. Contracts in transit represent anticipated funding from the loan agreement customers execute at the dealership when they purchase their new or pre-owned boat. These finance contracts are typically funded within 30 days. Amounts due from manufacturers represent receivables for various manufacturer incentive programs and parts and service work performed pursuant to the manufacturers’ warranties.
The allowance for credit losses is estimated based on past collection experience, current conditions and reasonable and supportable forecasts. The activity for charges and subsequent recoveries is immaterial.
Accounts receivable consisted of the following:
($ in thousands)December 31, 2024September 30, 2024
Trade accounts receivable$20,627 $32,578 
Contracts in transit16,021 20,437 
Manufacturer receivable11,546 11,435 
Income tax receivable9,246 9,370 
Total accounts receivable57,440 73,820 
Less – allowance for credit losses(528)(551)
Total accounts receivable, net$56,912 $73,269