Stockholders' and Members' Equity (Tables)

6 Months Ended

Mar. 31, 2021

Stockholders' and Members' Equity [Abstract]

Summary of Restricted Stock Units Activity

The following table further summarizes activity related to restricted stock units for the six months ended March 31, 2021:

	Restricted Stock Unit Awards
	Number of Shares			Weighted Average Grant Date Fair Value ($)
Unvested at September 30, 2020		301,643		$	15.78
Awarded		202,514			23.43
Vested		(75,895	)		15.70
Forfeited		-			-
Unvested at March 31, 2021		428,262		$	19.41

Calculation of Earnings per share

The following table sets forth the calculation of earnings per share for the three months ended March 31, 2021 and 2020 (in thousands, except per share data):

Earnings per share:	Three Months Ended  March 31, 2021		Three Months Ended March 31, 2020
Numerator:
Net income attributable to OneWater Inc	$	20,475	$	1,085
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share		10,901		6,088
Effect of dilutive securities:
Restricted stock units		270		-
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted earnings per share		11,171		6,088
Earnings per share of Class A common stock – basic	$	1.88	$	0.18
Earnings per share of Class A common stock – diluted	$	1.83	$	0.18

The following table sets forth the calculation of earnings per share for the six months ended March 31, 2021 and 2020 (in thousands, except per share data):

Earnings per share:	Six Months Ended March 31, 2021		Six Months Ended March 31, 2020
Numerator:
Net income attributable to OneWater Inc	$	28,263	$	1,085
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net income per share		10,838		6,088
Effect of dilutive securities:
Restricted stock units		245		-
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted earnings per share		11,083		6,088
Earnings per share of Class A common stock – basic	$	2.61	$	0.18
Earnings per share of Class A common stock – diluted	$	2.55	$	0.18

Antidilutive Securities Excluded From Calculation

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion (in thousands):

	Three Months Ended March 31, 2021		Three Months Ended March 31, 2020
Class B common stock		4,108		8,462
Restricted Stock Units		143		127
		4,251		8,589

	Six Months Ended March 31, 2021		Six Months Ended March 31, 2020
Class B common stock		4,154		8,462
Restricted Stock Units		173		127
		4,327		8,589