Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 85

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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,370 Total accounts receivable57,440 73,820 Less – allowance for credit losses(528)(551)Total accounts receivable, net$56,912 $73,269 

6.    Inventories

Inventories consisted of the following:($ in thousands)December 31, 2024September 30, 2024New vessels$481,060 $442,834 Pre-owned vessels86,142 79,234 Work in process, parts and accessories69,474 68,770 Total inventories$636,676 $590,838 

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7.    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 three months ended December 31, 2024— — — — — 362 362 Accumulated amortization for the three months ended December 31, 2024— — (135)(1,525)(159)(303)(2,122)Net balance as of December 31, 2024$336,602 $149,921 $3,829 $44,878 $1,591 $3,412 $203,631 Amortization expense was $2.1 million and $1.6 million for the three months ended December 31, 2024 and 2023, respectively, which includes amortization expense of $0.3 million and $0.2 million for the three months ended December 31, 2024 and 2023, respectively