Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 96

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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 that is significant to the fair value measurement. Fair value measurements can be volatile based on various factors that may or may not be within the Company’s control.

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The following tables summarize the Company’s financial assets and liabilities measured at fair value in the accompanying unaudited condensed consolidated balance sheets as of December 31, 2024 and September 30, 2024:December 31, 2024($ in thousands)Level 1Level 2Level 3TotalAssets: Investment in Equity Securities$135 $— $— $135 Derivative and hedging instruments— 5,223 — 5,223 Liabilities: Contingent Consideration— — 14,947 14,947 September 30, 2024($ in thousands)Level 1Level 2Level 3TotalAssets:    Investment in Equity Securities$128 $— $— $128 Derivative and hedging instruments— 1,560 — 1,560 Liabilities:    Contingent Consideration— — 15,161 15,161 Derivative and hedging instruments— 3,626 — 3,626 There were no transfers between the valuation hierarchy Levels 1, 2, and 3 for the three months ended December 31, 2024.We measure all equity investments that do not result in consolidation and are not accounted for under the equity method at fair value with the change in fair value included in other expense (income), net, in the unaudited condensed consolidated statements of operations. The fair value of equity investments is measured using quoted prices in its active markets. The investment in equity securities balance is recorded in other long-term assets in the unaudited condensed consolidated balance sheets.The portion of unrealized losses (gains) recognized related to equity securities still held as of December 31, 2024 and 2023 consists of the following: ($ in thousands)Three Months Ended December 31, 2024Three Months Ended December 31, 2023Net (gain) loss recognized during the period on equity securities$(7)$112 Less net loss recognized during the period on equity securities sold during the period— — Unrealized (gain) loss recognized during the reporting period on equity securities still held at the reporting date$(7)$112 We estimate the fair value of contingent consideration using a probability-weighted discounted cash flow model based on