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Segment Information
 12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our operations through two reportable segments: (1) Dealerships and (2) Distribution. See Note 2 for more information about our segments. The Company evaluates performance and allocates resources for all of its reportable segments based on metrics such as segment revenues and segment income. These segment profit metrics are consistent across all segments. The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
Reportable segment financial information for the years ended September 30, 2025, 2024 and 2023 is as follows:
Dealerships:For the Year Ended September 30,
202520242023
Revenues:
New boat$1,158,165 $1,118,292 $1,223,691 
Pre-owned boat363,906 312,193 334,477 
Finance & insurance income54,959 51,494 56,325 
Service, parts & other147,951 134,591 140,734 
Total revenues1,724,981 1,616,570 1,755,227 
Cost of sales:
New boat (1)973,411 919,596 955,222 
Pre-owned boat298,361 248,068 258,524 
Service, parts & other72,924 65,479 65,927 
Total cost of sales1,344,696 1,233,143 1,279,673 
Selling, general and administrative expenses (2)283,215 276,113 286,426 
Interest expense - floor plan28,469 34,087 25,080 
Segment income$68,601 $73,227 $164,048 
(1) Cost of sales - new boat excludes restructuring and impairment charges.
(2) Selling, general and administrative expenses exclude equity-based compensation.
Distribution:For the Year Ended September 30,
202520242023
Revenues:
Service, parts & other$147,353 $156,060 $181,083 
Cost of sales:
Service, parts & other (1)96,271 98,706 118,621 
Selling, general and administrative expenses49,571 48,124 50,137 
Segment income$1,511 $9,230 $12,325 
(1) Cost of sales - Service, parts & other excludes depreciation and amortization and restructuring and impairment charges
For the Year Ended September 30,
Reconciliation of segment income:202520242023
Dealership segment income$68,601 $73,227 $164,048 
Distribution segment income1,511 9,230 12,325 
Segment income70,112 82,457 176,373 
Interest expense - other(36,183)(37,050)(34,557)
Restructuring and impairment(149,678)(15,318)(147,400)
Change in fair value of contingent consideration2,133 (4,248)1,604 
Equity-based compensation(10,499)(8,443)(8,962)
Transaction costs(1,547)(1,530)(1,839)
Depreciation and amortization(24,440)(22,187)(26,789)
Other expense, net(1,429)(14)(953)
Net (loss) income before income tax (benefit) expense$(151,531)$(6,333)$(42,523)
For the Year Ended September 30,
Interest expense - other:202520242023
Dealership segment$36,183 $37,050 $34,557 
Distribution segment— — — 
Total interest expense - other$36,183 $37,050 $34,557 
As of September 30,
Assets:20252024
Dealership segment$1,276,806 $1,357,638 
Distribution segment127,019 232,351 
Total Assets$1,403,825 $1,589,989