Noncontrolling Interests

6 Months Ended

Mar. 31, 2022

Noncontrolling Interest [Abstract]

Noncontrolling Interests

13. Noncontrolling Interests

The noncontrolling interests balance represents the economic interests in Weber HoldCo LLC held by the Pre-IPO LLC Members. The following table summarizes the ownership of LLC Units in Weber HoldCo LLC as of March 31, 2022:

	LLC Units	Ownership Percentage
LLC Units held by Weber Inc.	52,834,735	18	%
Units held by Pre-IPO LLC Members	234,609,825	82	%
Balance at end of period	287,444,560	100	%

The noncontrolling interest holders have the right to exchange an LLC unit along with a share of Class B common stock ("Paired Interests") for Class A common stock. As such, future exchanges of Paired Interests by noncontrolling interest holders will result in a change in ownership and decrease or increase the amount recorded as noncontrolling interests and increase or decrease additional paid-in capital when Weber HoldCo LLC has positive or negative net assets, respectively. During the six months ended March 31, 2022, Pre-IPO LLC members exchanged 35,394 Paired Interests for Class A common stock.