Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 30

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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$382,094 $442,834 Pre-owned vessels67,001 79,234 Work in process, parts and accessories67,998 68,770 Total inventories$517,093 $590,838 

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6.    Goodwill and Intangible Assets

Our acquisitions have resulted in the recording of goodwill and other identifiable intangible assets. Goodwill is an asset representing operational synergies and future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Intangible assets consist of internally developed software, domain names and other identifiable intangible assets, such as trade names, developed technologies, and customer relationships related to the acquisitions the Company has completed. The changes in goodwill and intangible assets are as follows: GoodwillTrade NamesDeveloped TechnologiesCustomer RelationshipsDomain NamesInternally DevelopedSoftwareTotal Intangible Assets, net ($ in thousands)UnamortizedUnamortizedAmortizedAmortizedAmortizedAmortizedNet balance as of September 30, 2024$336,602 $149,921 $3,964 $46,403 $1,750 $3,353 $205,391 Acquisitions and additions during the nine months ended June 30, 2025— — — — — 1,004 1,004 Other adjustments during the nine months ended June 30, 2025— — — — (72)— (72)Accumulated amortization for the nine months ended June 30, 2025— — (404)(4,574)(471)(989)(6,438)Net balance as of June 30, 2025$336,602 $149,921 $3,560 $41,829 $1,207 $3,368 $199,885 Amortization expense is recorded in depreciation and amortization expense in the unaudited condensed consolidated statements of operations and was $2.1 million for the three months ended June 30, 2025 and 2024, which includes amortization expense of $0.4 million and $0.3 million for the three months ended June 30, 2025 and 2024, respectively, for internally developed software. Amortization expense was $6.4 million and $5.7 million for the nine months ended June 30, 2025 and