Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 114

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment required in determining fair value is greatest for assets and liabilities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement is disclosed is determined based on the lowest level input 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.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 June 30, 2025 and September 30, 2024:June 30, 2025($ in thousands)Level 1Level 2Level 3TotalAssets: Investment in Equity Securities$55 $— $— $55 Derivative and hedging instruments— 1,389 — 1,389 Liabilities: Contingent Consideration— — 9,270 9,270 Derivative and hedging instruments— 1,944 — 1,944 September 30, 2024($ 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 nine months ended June 30, 2025.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 recognized related to equity securities still held as of June 30, 2025 and 2024 consists of the following