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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Total revenues $ 408,273   $ 751,934  
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales 313,588   580,476  
Selling, general and administrative expenses 43,152   103,738  
Depreciation and amortization 824   2,375 $ 1,883
Transaction costs 31   3,393  
Gain on settlement of contingent consideration 0   0  
Income from operations 50,678   61,952  
Other expense (income)        
Interest expense - floor plan 2,298   7,482  
Interest expense - other 3,082   7,392  
Change in fair value of warrant liability 0   (771) (2,773)
Other (income) expense, net (61)   106  
Total other expense (income), net 5,319   14,209  
Income before income tax expense 45,359   47,743  
Income tax expense 4,737   5,209  
Net income 40,622 $ 32,680 42,534 32,239
Less: Net income attributable to non-controlling interests 0   (350)  
Net income $ 14,367   $ 15,452  
Weighted Average Number of Shares Outstanding, Basic (in shares) 6,088   6,088  
New Boat [Member]        
Revenues        
Total revenues $ 286,984   $ 512,999  
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales 233,377   418,766  
Pre-Owned Boat [Member]        
Revenues        
Total revenues 85,907   166,720  
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales 70,866   138,895  
Finance & Insurance [Member]        
Revenues        
Total revenues 16,639   29,047  
Service, Parts & Other [Member]        
Revenues        
Total revenues 18,743   43,168  
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales $ 9,345   $ 22,815  
Class A Common Stock [Member]        
Other expense (income)        
Earnings per share, Basic (in dollars per share) [1] $ 2.36   $ 2.54  
Earnings per share, Diluted (in dollars per share) [1] $ 2.36   $ 2.54  
Weighted Average Number of Shares Outstanding, Basic (in shares) [1] 6,088   6,088  
Weighted Average Number of Shares Outstanding, Diluted (in shares) [1] 6,097   6,093  
OneWater LLC [Member]        
Revenues        
Total revenues   274,824   558,872
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales   212,093   433,098
Selling, general and administrative expenses   34,713   83,890
Depreciation and amortization   691   1,883
Transaction costs   419   1,161
Gain on settlement of contingent consideration   (19)   (1,674)
Income from operations   26,927   40,514
Other expense (income)        
Interest expense - floor plan   2,734   6,730
Interest expense - other   1,869   4,391
Change in fair value of warrant liability   (10,373)   (2,773)
Other (income) expense, net   17   (73)
Total other expense (income), net   (5,753)   8,275
Income before income tax expense   32,680   32,239
Income tax expense   0   0
Net income   32,680   32,239
Less: Net income attributable to non-controlling interests $ (26,255) (772) $ (26,732) (1,318)
Net income   31,908   30,921
OneWater LLC [Member] | New Boat [Member]        
Revenues        
Total revenues   180,668   375,160
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales   148,227   308,329
OneWater LLC [Member] | Pre-Owned Boat [Member]        
Revenues        
Total revenues   66,114   122,043
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales   55,477   102,196
OneWater LLC [Member] | Finance & Insurance [Member]        
Revenues        
Total revenues   10,007   18,525
OneWater LLC [Member] | Service, Parts & Other [Member]        
Revenues        
Total revenues   18,035   43,144
Cost of sales (exclusive of depreciation and amortization shown separately below)        
Total cost of sales   $ 8,389   $ 22,573
[1] Represents earnings per share of Class A common stock and weighted-average shares of Class A common stock outstanding for the period from February 11, 2020 through June 30, 2020, the period following the Organizational Transactions (as defined below) and OneWater Marine Inc.'s initial public offering. See Note 9.