Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 38

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 ValueUnvested at September 30, 2024542,119$27.20 Awarded364,05023.91 Vested(238,352)27.54 Forfeited(3,999)25.51 Unvested at June 30, 2025663,818$25.29 As of June 30, 2025, the total unrecognized compensation expense related to outstanding equity awards was $6.3 million, which the Company expects to recognize over a weighted-average period of 1.3 years.We issue shares of our Class A common stock upon the vesting of performance-based restricted stock units and time-based restricted stock units. These shares are issued from our authorized and not outstanding common stock. In addition, in connection with the vesting of restricted stock units, we repurchase a portion of shares equal to the amount of employee income tax withholding. We recognize forfeitures of performance-based restricted stock units and time-based restricted stock units as the forfeitures occur.Net Earnings (Loss) Per ShareBasic and diluted net earnings (loss) per share of Class A common stock is computed by dividing net income (loss) attributable to OneWater Inc by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted net earnings (loss) per share is computed by giving effect to all potentially dilutive shares.The following table sets forth the calculation of net earnings per share for the three months ended June 30, 2025 and 2024 (in thousands, except per share data):Net earnings per share:Three Months Ended June 30, 2025Three Months Ended June 30, 2024Numerator:  Net income attributable to OneWater Inc$10,715 $14,683   Denominator:  Weighted-average number of unrestricted outstanding common shares used to calculate basic net earnings per share16,31314,593Effect of dilutive securities:  Restricted stock units120297Employee stock purchase plan 111Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net earnings per share16,44414,891  Net earnings per share of Class A common stock – basic$0.66 $1.01 Net earnings per share of Class A common stock – diluted$0.65 $0.99 

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The following table sets forth the calculation of net (loss) earnings per share for the nine months ended June 30, 2025