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Stockholders’ Equity (Tables) | 6 Months Ended
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Mar. 31, 2024
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, 2024:
| Restricted Stock Unit Awards
| Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested at September 30, 2023 | 524,785 |  | $ | 28.86 |
Awarded | 346,481 |  | 25.62 |
Vested | (227,790) |  | 25.07 |
Forfeited | — |  |  | — |
Unvested at March 31, 2024 | 643,476 |  | $ | 28.46 |
Summary of Calculation of Net (Loss) Earnings Per Share | The following table sets forth the calculation of net (loss) earnings per share for the three months ended March 31, 2024 and 2023 (in thousands, except per share data):
Net (loss) earnings per share: |  | Three Months Ended March 31, 2024 |  | Three Months Ended March 31, 2023
Numerator: |  |  |  |
Net (loss) income attributable to OneWater Inc |  | $ | (3,969) |  |  | $ | 22,804 |
Denominator: |  |  |  |
Weighted-average number of unrestricted outstanding common shares used to calculate basic net (loss) income per share |  | 14,579 |  | 14,340
Effect of dilutive securities: |  |  |  |
Restricted stock units |  | - |  | 315
Employee stock purchase plan |  | - |  | -
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net (loss) earnings per share |  | 14,579 |  | 14,655
Net (loss) earnings per share of Class A common stock – basic |  | $ | (0.27) |  |  | $ | 1.59 |
Net (loss) earnings per share of Class A common stock – diluted |  | $ | (0.27) |  |  | $ | 1.56 |
The following table sets forth the calculation of net (loss) earnings per share for the six months ended March 31, 2024 and 2023 (in thousands, except per share data):
Net (loss) earnings per share: |  | Six Months Ended March 31, 2024 |  | Six Months Ended March 31, 2023
Numerator: |  |  |  |
Net (loss) income attributable to OneWater Inc |  | $ | (11,139) |  |  | $ | 31,704 |
Denominator: |  |  |  |
Weighted-average number of unrestricted outstanding common shares used to calculate basic net (loss) income per share |  | 14,559 |  | 14,318
Effect of dilutive securities: |  |  |  |
Restricted stock units |  | - |  | 291
Employee stock purchase plan |  | - |  | 3
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net (loss) earnings per share |  | 14,559 |  | 14,612
Net (loss) earnings per share of Class A common stock – basic |  | $ | (0.77) |  |  | $ | 2.21 |
Net (loss) earnings per share of Class A common stock – diluted |  | $ | (0.77) |  |  | $ | 2.17 |
Summary of Antidilutive Securities Excluded From Calculation | The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net (loss) 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, 2024 |  | Three Months Ended March 31, 2023
Class B common stock | 1,430 |  | 1,430
Restricted Stock Units | 480 |  | 290
Employee Stock Purchase Plan | 26 |  | -
| 1,936 |  | 1,720
| Six Months Ended March 31, 2024 |  | Six Months Ended March 31, 2023
Class B common stock | 1,430 |  | 1,430
Restricted Stock Units | 488 |  | 322
Employee Stock Purchase Plan | 26 |  | -
| 1,944 |  | 1,752
Summary of Weighted Average Assumptions | The following are the assumptions used for the periods ended March 31, 2024 and 2023:
| 2024 |  | 2023
Dividend yield | 0.0 | % |  | 0.0 | %
Risk-free interest rate | 5.2 - 5.5% |  | 4.8 | %
Volatility | 37.6 - 62.7% |  | 45.6 | %
Expected life | Six months |  | Six months

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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