$ONEW
OneWater Marine Inc.

2022 Q2 Form 10-Q Financial Statement

#000114036122028384 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q3 2021 Q2
Revenue $568.9M $280.3M $404.2M
YoY Change 40.74% 3.42% -1.0%
Cost Of Revenue $385.0M $191.0M $277.3M
YoY Change 38.85% -7.72% -11.59%
Gross Profit $183.9M $89.28M $127.0M
YoY Change 44.89% 39.36% 34.08%
Gross Profit Margin 32.33% 31.85% 31.41%
Selling, General & Admin $87.87M $55.36M $60.48M
YoY Change 45.29% 39.46% 40.2%
% of Gross Profit 47.77% 62.01% 47.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.275M $1.595M $1.516M
YoY Change 181.99% 99.37% 89.5%
% of Gross Profit 2.32% 1.79% 1.19%
Operating Expenses $87.87M $56.96M $60.48M
YoY Change 45.29% 40.64% 40.2%
Operating Profit $87.54M $32.32M $64.94M
YoY Change 34.82% 95.69% 28.09%
Interest Expense -$4.442M -$1.482M -$2.039M
YoY Change 117.85% -47.07% -62.24%
% of Operating Profit -5.07% -4.59% -3.14%
Other Income/Expense, Net -$4.276M $1.000K -$1.881M
YoY Change 127.33% -64.76%
Pretax Income $83.27M $27.73M $63.06M
YoY Change 32.06% 290.61% 39.01%
Income Tax $18.79M $5.243M $11.50M
% Of Pretax Income 22.56% 18.91% 18.23%
Net Earnings $55.98M $16.29M $34.50M
YoY Change 62.24% 725.85% 140.15%
Net Earnings / Revenue 9.84% 5.81% 8.54%
Basic Earnings Per Share
Diluted Earnings Per Share $3.857M $1.357M $3.042M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $95.69M $62.61M $113.2M
YoY Change -15.5% -5.29% 28.69%
Cash & Equivalents $111.9M $73.95M $120.7M
Short-Term Investments
Other Short-Term Assets $73.60M $45.92M $39.69M
YoY Change 85.44% 163.93% 183.49%
Inventory $269.4M $143.9M $116.9M
Prepaid Expenses
Receivables $80.50M $28.53M $37.75M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $519.2M $280.9M $307.6M
YoY Change 68.82% 11.46% -6.99%
LONG-TERM ASSETS
Property, Plant & Equipment $80.24M $67.11M $66.21M
YoY Change 21.19% 263.92% 294.44%
Goodwill $342.6M $168.5M $151.6M
YoY Change 126.05% 49.03% 34.06%
Intangibles $245.7M $85.29M $74.00M
YoY Change 231.95% 39.13% 20.72%
Long-Term Investments
YoY Change
Other Assets $621.7M $283.4M $245.0M
YoY Change 153.7% 51.1% 38.0%
Total Long-Term Assets $828.3M $439.7M $311.2M
YoY Change 166.14% 113.43% 60.15%
TOTAL ASSETS
Total Short-Term Assets $519.2M $280.9M $307.6M
Total Long-Term Assets $828.3M $439.7M $311.2M
Total Assets $1.348B $720.6M $618.8M
YoY Change 117.77% 57.32% 17.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.20M $18.11M $24.91M
YoY Change 105.55% 41.73% -0.98%
Accrued Expenses $12.79M $9.159M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $217.3M $114.2M $108.2M
YoY Change 100.94% -7.88% -38.58%
Long-Term Debt Due $19.45M $11.37M $11.86M
YoY Change 64.02% 53.2% 40.58%
Total Short-Term Liabilities $421.9M $227.6M $244.6M
YoY Change 72.49% 22.56% 0.7%
LONG-TERM LIABILITIES
Long-Term Debt $316.3M $103.1M $103.9M
YoY Change 204.52% 25.74% -4.5%
Other Long-Term Liabilities $25.77M $14.99M $8.300M
YoY Change 210.43% 911.54% 448.94%
Total Long-Term Liabilities $342.1M $118.1M $112.2M
YoY Change 204.96% 41.46% 1.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $421.9M $227.6M $244.6M
Total Long-Term Liabilities $342.1M $118.1M $112.2M
Total Liabilities $923.9M $465.8M $382.4M
YoY Change 141.6% 63.56% 8.26%
SHAREHOLDERS EQUITY
Retained Earnings $186.5M $74.95M $58.96M
YoY Change 216.4% 347.29% 281.54%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $365.0M $225.9M $182.8M
YoY Change
Total Liabilities & Shareholders Equity $1.348B $720.6M $618.8M
YoY Change 117.77% 57.32% 17.86%

Cashflow Statement

Concept 2022 Q2 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $55.98M $16.29M $34.50M
YoY Change 62.24% 725.85% 140.15%
Depreciation, Depletion And Amortization $4.275M $1.595M $1.516M
YoY Change 181.99% 99.37% 89.5%
Cash From Operating Activities $105.5M $6.228M $122.6M
YoY Change -13.91% -89.6% -38.61%
INVESTING ACTIVITIES
Capital Expenditures -$3.656M -$2.094M -$2.702M
YoY Change 35.31% -12.75% 440.4%
Acquisitions
YoY Change
Other Investing Activities -$37.09M -$23.92M $2.082M
YoY Change -1881.7%
Cash From Investing Activities -$40.75M -$26.01M -$620.0K
YoY Change 6472.74% 983.75% 24.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -41.85M -26.96M -88.84M
YoY Change -52.89% -66.47% -31.18%
NET CHANGE
Cash From Operating Activities 105.5M 6.228M 122.6M
Cash From Investing Activities -40.75M -26.01M -620.0K
Cash From Financing Activities -41.85M -26.96M -88.84M
Net Change In Cash 22.94M -46.74M 33.13M
YoY Change -30.76% 104.09% -52.73%
FREE CASH FLOW
Cash From Operating Activities $105.5M $6.228M $122.6M
Capital Expenditures -$3.656M -$2.094M -$2.702M
Free Cash Flow $109.2M $8.322M $125.3M
YoY Change -12.85% -86.64% -37.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
OneWater Marine Inc.
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
onew Initial Operating Lease Right Of Use Assets For Adoption Of Topic842
InitialOperatingLeaseRightOfUseAssetsForAdoptionOfTopic842
71835000
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39213
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
83-4330138
dei Entity Address Address Line1
EntityAddressAddressLine1
6275 Lanier Islands Parkway
dei Entity Address City Or Town
EntityAddressCityOrTown
Buford
dei Entity Address State Or Province
EntityAddressStateOrProvince
GA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
30518
dei City Area Code
CityAreaCode
678
dei Local Phone Number
LocalPhoneNumber
541-6300
dei Security12b Title
Security12bTitle
Class A common stock, par value $0.01 per share
dei Trading Symbol
TradingSymbol
ONEW
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Shell Company
EntityShellCompany
false
onew Lessor Operating Lease Extended Renewal Term
LessorOperatingLeaseExtendedRenewalTerm
P10Y
dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
823000
CY2021Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
526000
onew Payments Of Offering Costs
PaymentsOfOfferingCosts
540000
CY2022Q2 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
58630000
CY2021Q3 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
28905000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
568900000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
404207000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1347299000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
947901000
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
384961000
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
277255000
us-gaap Cost Of Revenue
CostOfRevenue
919853000
us-gaap Cost Of Revenue
CostOfRevenue
679727000
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
87867000
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
60476000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
222455000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
143685000
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4073000
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1475000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10549000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3816000
CY2022Q2 onew Transaction Costs
TransactionCosts
1337000
CY2021Q2 onew Transaction Costs
TransactionCosts
65000
onew Transaction Costs
TransactionCosts
5158000
onew Transaction Costs
TransactionCosts
633000
CY2021Q2 onew Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
0
onew Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
11022000
onew Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
377000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
87544000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
64936000
us-gaap Operating Income Loss
OperatingIncomeLoss
178262000
us-gaap Operating Income Loss
OperatingIncomeLoss
119663000
CY2022Q2 onew Floorplan Interest Expense
FloorplanInterestExpense
1131000
CY2021Q2 onew Floorplan Interest Expense
FloorplanInterestExpense
956000
onew Floorplan Interest Expense
FloorplanInterestExpense
2206000
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
3311000
CY2022Q2 onew Net Income Loss Attributable To Noncontrolling Interest Of Subsidiary
NetIncomeLossAttributableToNoncontrollingInterestOfSubsidiary
7547000
us-gaap Net Income Loss
NetIncomeLoss
62765000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
254833000
CY2021Q4 us-gaap Profit Loss
ProfitLoss
23486000
us-gaap Interest Expense Debt
InterestExpenseDebt
7937000
us-gaap Interest Expense Debt
InterestExpenseDebt
3222000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
166000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
158000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-491000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
247000
CY2021Q4 onew Noncontrolling Interest Distribution To Members
NoncontrollingInterestDistributionToMembers
619000
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1881000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11484000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5181000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
83268000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
63055000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
166778000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
114482000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18785000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11498000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36455000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20559000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
64483000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
51557000
us-gaap Profit Loss
ProfitLoss
130323000
us-gaap Profit Loss
ProfitLoss
93923000
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
959000
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1970000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
onew Net Income Loss Attributable To Noncontrolling Interest Of Subsidiary
NetIncomeLossAttributableToNoncontrollingInterestOfSubsidiary
16060000
onew Net Income Loss Attributable To Noncontrolling Interest Of Subsidiary
NetIncomeLossAttributableToNoncontrollingInterestOfSubsidiary
31158000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
55977000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
34503000
us-gaap Net Income Loss
NetIncomeLoss
112293000
CY2021Q4 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
19311000
CY2021Q4 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0
CY2021Q4 onew Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligation
-468000
CY2021Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
6834000
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2100000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
305194000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
42354000
CY2022Q1 onew Noncontrolling Interest Distribution To Members
NoncontrollingInterestDistributionToMembers
871000
CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0
CY2022Q1 onew Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligation
-455000
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2713000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
348935000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
173287000
CY2020Q4 us-gaap Profit Loss
ProfitLoss
11775000
CY2020Q4 onew Effect Of Offering Including Underwriter Exercise Of Option To Purchase Shares Value
EffectOfOfferingIncludingUnderwriterExerciseOfOptionToPurchaseSharesValue
-110000
CY2020Q4 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1078000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
30592000
CY2021Q1 onew Noncontrolling Interest Distribution To Members
NoncontrollingInterestDistributionToMembers
201000
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
160000
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
152000
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1127000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
216619000
onew Loss On Change In Fair Value Of Contingent Consideration
LossOnChangeInFairValueOfContingentConsideration
-11022000
onew Loss On Change In Fair Value Of Contingent Consideration
LossOnChangeInFairValueOfContingentConsideration
0
onew Payments Of Offering Costs
PaymentsOfOfferingCosts
0
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
37950000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
52533000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0
CY2022Q2 onew Number Of Retail Locations
NumberOfRetailLocations
96
CY2022Q2 onew Number Of Distribution Centers
NumberOfDistributionCenters
10
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
19
onew Number Of Top Brands
NumberOfTopBrands
10
CY2021Q4 onew Economic Interest Of Quality Assets And Operations
EconomicInterestOfQualityAssetsAndOperations
0.80
us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P10Y
CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3800000
CY2021Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
2300000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
63514000
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
46610000
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-35337000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-42595000
CY2022Q2 onew Contract With Customer Liability Increase Due To Cash Received
ContractWithCustomerLiabilityIncreaseDueToCashReceived
37343000
onew Contract With Customer Liability Increase Due To Cash Received
ContractWithCustomerLiabilityIncreaseDueToCashReceived
61505000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
65520000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
65520000
CY2022Q2 onew Percentage Timing Of Revenue Recognition
PercentageTimingOfRevenueRecognition
1.000
CY2021Q2 onew Percentage Timing Of Revenue Recognition
PercentageTimingOfRevenueRecognition
1.000
onew Percentage Timing Of Revenue Recognition
PercentageTimingOfRevenueRecognition
1.000
onew Percentage Timing Of Revenue Recognition
PercentageTimingOfRevenueRecognition
1.000
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </span> </div> <div style="color: rgb(35, 31, 32); font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;">Use of Estimates</div> <div><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </span></div> <div style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </div> <div><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </span></div> <div style="display:none;"><br/></div> <div style="color: rgb(35, 31, 32); text-indent: 18pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the periods presented. Actual results could differ materially from these estimates. Estimates and assumptions are reviewed periodically, and the effects of any revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Significant estimates made in the accompanying unaudited condensed consolidated financial statements include, but are not limited to, those relating to inventory mark downs, certain assumptions related to intangible and long-lived assets, share based compensation, valuation of acquisition contingent consideration and accruals for expenses relating to business operations.</div>
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.226
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.219
CY2022Q2 onew Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
46200000
CY2021Q3 onew Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
40100000
CY2022Q2 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
700000
CY2021Q3 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
1000000.0
CY2022Q2 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
300000
CY2021Q3 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
32368
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1083000
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4276000
CY2021Q2 onew Net Income Loss Attributable To Noncontrolling Interest Of Subsidiary
NetIncomeLossAttributableToNoncontrollingInterestOfSubsidiary
17054000
CY2021Q4 onew Adjustments To Additional Paid In Capital Establishment Of Liabilities Under Tax Receivable Agreement And Related To Changes To Deferred Tax Assets
AdjustmentsToAdditionalPaidInCapitalEstablishmentOfLiabilitiesUnderTaxReceivableAgreementAndRelatedToChangesToDeferredTaxAssets
283000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
64483000
CY2022Q2 onew Noncontrolling Interest Distribution To Members
NoncontrollingInterestDistributionToMembers
4000
CY2022Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
7793000
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2461000
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001772921
CY2022Q2 us-gaap Lessor Operating Lease Renewal Term
LessorOperatingLeaseRenewalTerm
P1Y
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
CY2022Q2 onew Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
3118000
onew Floorplan Interest Expense
FloorplanInterestExpense
3056000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
423668000
CY2020Q4 onew Noncontrolling Interest Distribution To Members
NoncontrollingInterestDistributionToMembers
1319000
CY2020Q4 onew Adjustments To Additional Paid In Capital Establishment Of Liabilities Under Tax Receivable Agreement And Related To Changes To Deferred Tax Assets
AdjustmentsToAdditionalPaidInCapitalEstablishmentOfLiabilitiesUnderTaxReceivableAgreementAndRelatedToChangesToDeferredTaxAssets
228000
CY2020Q4 onew Adjustment To Retained Earnings Due To Adoption Of Accounting Principle
AdjustmentToRetainedEarningsDueToAdoptionOfAccountingPrinciple
1073000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
185556000
CY2021Q1 onew Adjustments To Additional Paid In Capital Establishment Of Liabilities Under Tax Receivable Agreement And Related To Changes To Deferred Tax Assets
AdjustmentsToAdditionalPaidInCapitalEstablishmentOfLiabilitiesUnderTaxReceivableAgreementAndRelatedToChangesToDeferredTaxAssets
6000
CY2021Q1 onew Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligation
-449000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
51557000
CY2021Q2 onew Noncontrolling Interest Distribution To Members
NoncontrollingInterestDistributionToMembers
2251000
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.80
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
27789000
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0
CY2021Q2 onew Adjustments To Additional Paid In Capital Establishment Of Liabilities Under Tax Receivable Agreement And Related To Changes To Deferred Tax Assets
AdjustmentsToAdditionalPaidInCapitalEstablishmentOfLiabilitiesUnderTaxReceivableAgreementAndRelatedToChangesToDeferredTaxAssets
1805000
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1146000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
237477000
onew Initial Operating Lease Right Of Use Assets For Adoption Of Topic842
InitialOperatingLeaseRightOfUseAssetsForAdoptionOfTopic842
0
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
27789000
onew Distributions To Members Payable
DistributionsToMembersPayable
0
onew Distributions To Members Payable
DistributionsToMembersPayable
610000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
14600000
CY2022Q2 onew Business Combination Contingent Consideration Minimum Payout
BusinessCombinationContingentConsiderationMinimumPayout
5900000
CY2022Q2 onew Business Combination Contingent Consideration Maximum Payout
BusinessCombinationContingentConsiderationMaximumPayout
24700000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
600000
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1200000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4900000
CY2021Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
100000
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest
357200000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
326100000
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
1100000
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
15300000
CY2021Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
526136000
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
66648000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1431881000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1297780000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
135253000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
129158000
CY2022Q2 us-gaap Inventory Net
InventoryNet
269430000
CY2021Q3 us-gaap Inventory Net
InventoryNet
143880000
CY2021Q3 us-gaap Goodwill
Goodwill
168491000
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
85294000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
174114000
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
165076000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4711000
CY2022Q2 us-gaap Goodwill
Goodwill
342605000
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
245659000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
-0
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
-0
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2048000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8190000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8190000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8190000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8190000
CY2022Q2 onew Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
42386000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
77194000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
340993000
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
116534000
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
19450000
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
11366000
CY2022Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5194000
CY2021Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2094000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
316349000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
103074000
CY2022Q2 onew Percentage Of Expected Performance Targets To Be Achieved Target Award
PercentageOfExpectedPerformanceTargetsToBeAchievedTargetAward
2
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
55977000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
34503000
us-gaap Net Income Loss
NetIncomeLoss
112293000
us-gaap Net Income Loss
NetIncomeLoss
62765000
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1686000
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4264000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1793000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4345000
onew Percentage Of Net Cash Savings
PercentageOfNetCashSavings
0.85

Files In Submission

Name View Source Status
0001140361-22-028384-index-headers.html Edgar Link pending
0001140361-22-028384-index.html Edgar Link pending
0001140361-22-028384.txt Edgar Link pending
0001140361-22-028384-xbrl.zip Edgar Link pending
brhc10040150_10q.htm Edgar Link pending
brhc10040150_10q_htm.xml Edgar Link completed
brhc10040150_ex10-1.htm Edgar Link pending
brhc10040150_ex10-2.htm Edgar Link pending
brhc10040150_ex31-1.htm Edgar Link pending
brhc10040150_ex31-2.htm Edgar Link pending
brhc10040150_ex32-1.htm Edgar Link pending
brhc10040150_ex32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
onew-20220630.xsd Edgar Link pending
onew-20220630_cal.xml Edgar Link unprocessable
onew-20220630_def.xml Edgar Link unprocessable
onew-20220630_lab.xml Edgar Link unprocessable
onew-20220630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending