MarineMax (HZO) 10-Q 27 Jul 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2023	Jul. 24, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Trading Symbol	HZO
Entity Registrant Name	MARINEMAX, INC.
Entity Central Index Key	0001057060
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		21,910,499
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock, par value $.001 per share
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	1-14173
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-3496957
Entity Address, Address Line One	2600 McCormick Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Clearwater
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33759
City Area Code	727
Local Phone Number	531-1700
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 721,844	$ 688,537	$ 1,800,111	$ 1,771,334
Cost of sales	478,036	452,064	1,168,497	1,162,347
Gross profit	243,808	236,473	631,614	608,987
Selling, general, and administrative expenses	169,227	141,173	465,128	394,702
Income from operations	74,581	95,300	166,486	214,285
Interest expense	14,798	1,008	37,562	2,299
Income before income tax provision	59,783	94,292	128,924	211,986
Income tax provision	15,455	24,113	34,685	52,357
Net income	44,328	70,179	94,239	159,629
Less: Net (loss) income attributable to non-controlling interests	(88)		98
Net income attributable to MarineMax, Inc.	$ 44,416	$ 70,179	$ 94,141	$ 159,629
Basic net income per common share	$ 2.03	$ 3.26	$ 4.31	$ 7.34
Diluted net income per common share	$ 1.98	$ 3.17	$ 4.22	$ 7.11
Weighted average number of common shares used in computing net income per common share:
Basic	21,885,400	21,524,315	21,831,350	21,761,811
Diluted	22,427,443	22,173,273	22,321,269	22,455,828

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 44,328	$ 70,179	$ 94,239	$ 159,629
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	120	(1,679)	6,430	(2,715)
Interest rate swap contract	114	181	(137)	716
Total other comprehensive income (loss), net of tax	234	(1,498)	6,293	(1,999)
Comprehensive income	44,562	68,681	100,532	157,630
Less: comprehensive income (loss) attributable to non-controlling interests	(86)		340
Comprehensive income attributable to MarineMax, Inc.	$ 44,648	$ 68,681	$ 100,192	$ 157,630

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 226,134	$ 228,274
Accounts receivable, net	95,018	50,287
Inventories	739,114	454,359
Prepaid expenses and other current assets	24,881	21,077
Total current assets	1,085,147	753,997
Property and equipment, net of accumulated depreciation of $111,274 and $135,614	521,637	246,011
Operating lease right-of-use assets, net	135,452	96,837
Goodwill	562,277	235,585
Other intangible assets, net	40,968	10,886
Other long-term assets	34,814	9,455
Total assets	2,380,295	1,352,771
CURRENT LIABILITIES:
Accounts payable	47,202	34,342
Contract liabilities (customer deposits)	97,785	144,427
Accrued expenses	118,576	89,402
Short-term borrowings	514,023	132,026
Current maturities on long-term debt	32,409	2,882
Current operating lease liabilities	9,967	9,693
Total current liabilities	819,962	412,772
Long-term debt, net of current maturities	399,229	45,301
Noncurrent operating lease liabilities	119,759	89,657
Deferred tax liabilities, net	54,449	15,401
Other long-term liabilities	84,539	6,974
Total liabilities	1,477,938	570,105
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2022 and June 30, 2023
Common stock, $.001 par value, 40,000,000 shares authorized, 28,939,846 and 29,171,101 shares issued and 21,672,825 and 21,904,080 shares outstanding as of September 30, 2022 and June 30, 2023, respectively	29	29
Additional paid-in capital	320,383	303,432
Accumulated other comprehensive (loss) income	3,245	(2,806)
Retained earnings	724,808	630,667
Treasury stock, at cost, 7,267,021 shares held as of September 30, 2022 and June 30, 2023	(148,656)	(148,656)
Total shareholders' equity attributable to MarineMax, Inc.	899,809	782,666
Non-controlling interests	2,548
Total shareholders' equity	902,357	782,666
Total liabilities and shareholders’ equity	$ 2,380,295	$ 1,352,771

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 135,614	$ 111,274
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	29,171,101	28,939,846
Common stock, shares outstanding	21,904,080	21,672,825
Treasury stock, shares	7,267,021	7,267,021

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Non-controlling Interests [Member]
Beginning Balance at Sep. 30, 2021	$ 594,892	$ 29	$ 288,901	$ 648	$ 432,678	$ (127,364)
Beginning Balance, Shares at Sep. 30, 2021		28,588,863
Net income	35,943				35,943
Shares issued pursuant to employee stock purchase plan	924		924
Shares issued pursuant to employee stock purchase plan, Shares		22,399
Shares issued upon vesting of equity awards, net of minimum tax withholding	(1,429)		(1,429)
Shares issued upon vesting of equity awards, net of minimum tax withholding, Shares		111,011
Shares issued upon exercise of stock options	155		155
Shares issued upon exercise of stock options, Shares		21,000
Stock-based compensation	3,263		3,263
Stock-based compensation, Shares		684
Other comprehensive income (loss)	(396)			(396)
Ending Balance at Dec. 31, 2021	633,352	$ 29	291,814	252	468,621	(127,364)
Ending Balance, Shares at Dec. 31, 2021		28,743,957
Beginning Balance at Sep. 30, 2021	594,892	$ 29	288,901	648	432,678	(127,364)
Beginning Balance, Shares at Sep. 30, 2021		28,588,863
Net income	159,629
Other comprehensive income (loss)	(1,999)
Ending Balance at Jun. 30, 2022	742,740	$ 29	300,411	(1,351)	592,307	(148,656)
Ending Balance, Shares at Jun. 30, 2022		28,798,700
Beginning Balance at Dec. 31, 2021	633,352	$ 29	291,814	252	468,621	(127,364)
Beginning Balance, Shares at Dec. 31, 2021		28,743,957
Net income	53,507				53,507
Purchase of treasury stock	(16,269)					(16,269)
Shares issued upon vesting of equity awards, net of minimum tax withholding	(161)		(161)
Shares issued upon vesting of equity awards, net of minimum tax withholding, Shares		10,188
Shares issued upon exercise of stock options	24		24
Shares issued upon exercise of stock options, Shares		1,500
Stock-based compensation	3,912		3,912
Stock-based compensation, Shares		759
Other comprehensive income (loss)	(105)			(105)
Ending Balance at Mar. 31, 2022	674,260	$ 29	295,589	147	522,128	(143,633)
Ending Balance, Shares at Mar. 31, 2022		28,756,404
Net income	70,179				70,179
Shares issued pursuant to employee stock purchase plan	1,021		1,021
Shares issued pursuant to employee stock purchase plan, Shares		29,833
Purchase of treasury stock	(5,023)					(5,023)
Shares issued upon vesting of equity awards, net of minimum tax withholding	(134)		(134)
Shares issued upon vesting of equity awards, net of minimum tax withholding, Shares		11,347
Stock-based compensation	3,935		3,935
Stock-based compensation, Shares		1,116
Other comprehensive income (loss)	(1,498)			(1,498)
Ending Balance at Jun. 30, 2022	742,740	$ 29	300,411	(1,351)	592,307	(148,656)
Ending Balance, Shares at Jun. 30, 2022		28,798,700
Beginning Balance at Sep. 30, 2022	$ 782,666	$ 29	303,432	(2,806)	630,667	(148,656)
Beginning Balance, Shares at Sep. 30, 2022	28,939,846	28,939,846
Net income	$ 19,987				19,690		$ 297
Non-controlling interests in subsidiaries from acquisitions	2,208						2,208
Shares issued pursuant to employee stock purchase plan	1,255		1,255
Shares issued pursuant to employee stock purchase plan, Shares		49,572
Shares issued upon vesting of equity awards, net of minimum tax withholding	(1,059)		(1,059)
Shares issued upon vesting of equity awards, net of minimum tax withholding, Shares		126,552
Shares issued upon exercise of stock options	7		7
Shares issued upon exercise of stock options, Shares		1,000
Stock-based compensation	4,845		4,845
Stock-based compensation, Shares		1,507
Other comprehensive income (loss)	5,017			4,816			201
Ending Balance at Dec. 31, 2022	814,926	$ 29	308,480	2,010	650,357	(148,656)	2,706
Ending Balance, Shares at Dec. 31, 2022		29,118,477
Beginning Balance at Sep. 30, 2022	$ 782,666	$ 29	303,432	(2,806)	630,667	(148,656)
Beginning Balance, Shares at Sep. 30, 2022	28,939,846	28,939,846
Net income	$ 94,239
Other comprehensive income (loss)	6,293
Ending Balance at Jun. 30, 2023	$ 902,357	$ 29	320,383	3,245	724,808	(148,656)	2,548
Ending Balance, Shares at Jun. 30, 2023	29,171,101	29,171,101
Beginning Balance at Dec. 31, 2022	$ 814,926	$ 29	308,480	2,010	650,357	(148,656)	2,706
Beginning Balance, Shares at Dec. 31, 2022		29,118,477
Net income	29,924				30,035		(111)
Stock-based compensation	5,368		5,368
Stock-based compensation, Shares		2,101
Other comprehensive income (loss)	1,042			1,003			39
Ending Balance at Mar. 31, 2023	851,260	$ 29	313,848	3,013	680,392	(148,656)	2,634
Ending Balance, Shares at Mar. 31, 2023		29,120,578
Net income	44,328				44,416		(88)
Shares issued pursuant to employee stock purchase plan	1,090		1,090
Shares issued pursuant to employee stock purchase plan, Shares		45,328
Shares issued upon vesting of equity awards, net of minimum tax withholding	(45)		(45)
Shares issued upon vesting of equity awards, net of minimum tax withholding, Shares		3,055
Stock-based compensation	5,490		5,490
Stock-based compensation, Shares		2,140
Other comprehensive income (loss)	234			232			2
Ending Balance at Jun. 30, 2023	$ 902,357	$ 29	$ 320,383	$ 3,245	$ 724,808	$ (148,656)	$ 2,548
Ending Balance, Shares at Jun. 30, 2023	29,171,101	29,171,101

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 94,239	$ 159,629
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	27,391	14,252
Deferred income tax provision, net of effects of acquisitions	18,271	4,553
(Gain) loss on sale of property and equipment and assets held for sale	248	(148)
Gain on previously held equity investment upon acquisition of the entire business	(5,129)
Stock-based compensation expense	15,703	11,110
(Increase) decrease in, net of effects of acquisitions —
Accounts receivable, net	(39,877)	(11,831)
Inventories	(275,196)	(117,531)
Prepaid expenses and other assets	(1,429)	(1,599)
(Decrease) increase in, net of effects of acquisitions —
Accounts payable	87	29,388
Contract liabilities (customer deposits)	(49,532)	20,401
Accrued expenses and other liabilities	18,287	14,812
Net cash provided by (used in) operating activities	(196,937)	123,036
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(48,769)	(43,091)
Cash used in acquisition of businesses, net of cash acquired	(515,913)	(70,885)
Proceeds from investments	513	2,250
Purchases of investments	(2,486)	(1,750)
Proceeds from insurance settlements	2,425
Proceeds from sale of property and equipment and assets held for sale	165	315
Net cash used in investing activities	(564,065)	(113,161)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings on short-term borrowings	381,671	79,849
Proceeds from long-term debt	400,000
Payments of long-term debt	(16,845)	(2,223)
Contingent acquisition consideration payments	(7,400)	(3,000)
Purchase of treasury stock		(21,292)
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	2,352	2,124
Payments on tax withholdings for equity awards	(3,007)	(4,590)
Net cash provided by financing activities	756,771	50,868
Effect of exchange rate changes on cash	2,091	(1,584)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(2,140)	59,159
CASH AND CASH EQUIVALENTS, beginning of period	228,274	222,192
CASH AND CASH EQUIVALENTS, end of period	226,134	281,351
Cash paid for:
Interest	35,321	1,791
Income taxes	27,068	40,047
Non-cash items:
Contingent consideration liabilities from acquisitions	$ 77,380	$ 7,350

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 44,416	$ 70,179	$ 94,141	$ 159,629

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Company Background

Company Background	9 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Company Background	1. COMPANY BACKGROUND: We believe we are the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts, and related marine products and services. As of June 30, 2023 , we have over 125 locations worldwide, including 78 retail dealership locations, some of which include marinas. Following the October 2022 acquisition of IGY Marinas, MarineMax owns or operates 59 marina and storage locations worldwide. Through Fraser Yachts and Northrop & Johnson, we believe we are the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. We also own Boatyard, an industry-leading customer experience digital product company, and Boatzon, a boat and marine digital retail platform. We are the largest retailer of Sea Ray and Boston Whaler recreational boats which are manufactured by Brunswick Corporation (“Brunswick”). Sales of new Brunswick boats accounted for approximately 23 % of our revenue in fiscal 2022 . Sales of new Sea Ray and Boston Whaler boats, both divisions of Brunswick, accounted for approximately 11 % and 9 %, respectively, of our revenue in fiscal 2022. Brunswick is a world leading manufacturer of marine products and marine engines. We have dealership agreements with Sea Ray, Boston Whaler, Harris, and Mercury Marine, all subsidiaries or divisions of Brunswick. We also have dealer agreements with Italy-based Azimut-Benetti Group’s product line for Azimut and Benetti yachts and mega yachts. These agreements allow us to purchase, stock, sell, and service these manufacturers’ boats and products. These agreements also allow us to use these manufacturers’ names, trade symbols, and intellectual properties in our operations. The agreements for Sea Ray and Boston Whaler products, respectively, appoint us as the exclusive dealer of Sea Ray and Boston Whaler boats, respectively, in our geographic markets. In addition, we are the exclusive dealer for Azimut Yachts for the entire United States. Sales of new Azimut yachts accounted for approximately 8 % of our revenue in fiscal 2022. We believe non-Brunswick brands offer a migration for our existing customer base or fill a void in our product offerings, and accordingly, do not compete with the business generated from our other prominent brands. In October 2022, we completed the acquisition of IGY Marinas. IGY Marinas maintains a network of luxury marinas situated in yachting and sport fishing destinations around the world. IGY Marinas has created standards for service and quality in nautical tourism. It offers a global network of marinas in the Americas, the Caribbean, and Europe, delivering year-round accommodations. IGY Marinas caters to a wide variety of luxury yachts, while also being exclusive home ports for some of the world’s largest megayachts. In December 2022, we acquired Midcoast Construction Enterprises, LLC ( “ Midcoast Marine Group ” ), a leading full-service marine construction company based on Central Florida’s Gulf Coast. In January 2023, we acquired Boatzon, a boat and marine digital retail platform, through our recently formed technology entity, New Wave Innovations. In June 2023, we acquired C&C Boat Works, a full-service boat dealer in Crosslake, Minnesota. As is typical in the industry, we deal with most of our manufacturers, other than Sea Ray, Boston Whaler, and Azimut Yachts, under renewable annual dealer agreements, each of which gives us the right to sell various makes and models of boats within a given geographic region. Any change or termination of these agreements, or the agreements discussed above, for any reason, or changes in competitive, regulatory or marketing practices, including rebate or incentive programs, could adversely affect our results of operations. Although there are a limited number of manufacturers of the type of boats and products that we sell, we believe that adequate alternative sources would be available to replace any manufacturer other than Sea Ray, Boston Whaler, and Azimut as a product source. These alternative sources may not be available at the time of any interruption, and alternative products may not be available at comparable terms, which could adversely affect operating results. General economic conditions and consumer spending patterns can negatively impact our operating results. Unfavorable local, regional, national, or global economic developments or uncertainties regarding future economic prospects could reduce consumer spending in the markets we serve and adversely affect our business. Economic conditions in areas in which we operate dealerships, particularly Florida in which we generated approximately 54 %, 50 % and 51 % of our dealership revenue during fiscal 2020, 2021, and 2022, respectively, can have a major impact on our operations. Local influences, such as corporate downsizing, military base closings, inclement weather such as Hurricanes Harvey and Irma in 2017 and Hurricane Ian in 2022, environmental conditions, and specific events, such as the BP oil spill in the Gulf of Mexico in 2010, also could adversely affect, and in certain instances have adversely affected, our operations in certain markets. In an economic downturn, consumer discretionary spending levels generally decline, at times resulting in disproportionately large reductions in the sale of luxury goods. Consumer spending on luxury goods also may decline as a result of lower consumer confidence levels, even if prevailing economic conditions are favorable. As a result, an economic downturn would likely impact us more than certain of our competitors due to our strategic focus on a higher end of our market. Although we have expanded our operations during periods of stagnant or modestly declining industry trends, the cyclical nature of the recreational boating industry or the lack of industry growth may adversely affect our business, financial condition, and results of operations. Any period of adverse economic conditions or low consumer confidence is likely to have a negative effect on our business. Historically, in periods of lower consumer spending and depressed economic conditions, we have, among other things, substantially reduced our acquisition program, delayed new store openings, reduced our inventory purchases, engaged in inventory reduction efforts, closed a number of our retail locations, reduced our headcount, and amended and replaced our credit facility. Acquisitions remain an important strategy for us, and, subject to a number of conditions, including macro-economic conditions and finding attractive acquisition targets, we plan to continue to explore opportunities through this strategy.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	2. BASIS OF PRESENTATION: These Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information, the instructions to Quarterly Report on Form 10-Q, and Rule 10-01 of Regulation S-X and should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended September 30, 2022. Accordingly, these Unaudited Condensed Consolidated Financial Statements do not include all of the information and note disclosures required by accounting principles generally accepted in the United States for complete financial statements. All adjustments, consisting of only normal recurring adjustments considered necessary for fair presentation, have been reflected in these Unaudited Condensed Consolidated Financial Statements. The operating results for the nine months ended June 30, 2023, are not necessarily indicative of the results that may be expected in future periods. The preparation of Unaudited Condensed Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Unaudited Condensed Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting periods. Significant estimates made by us in the accompanying Unaudited Condensed Consolidated Financial Statements include valuation allowances, valuation of goodwill and intangible assets, valuation of long-lived assets and valuation of contingent consideration liabilities. Actual results could differ from those estimates. Effective May 2, 2021, our reportable segments changed as a result of the Company’s acquisition of Cruisers Yachts, which changed management’s reporting structure and operating activities. We report our operations through two reportable segments: Retail Operations and Product Manufacturing. The change in reportable segments had no impact on the Company’s previously reported historical consolidated financial statements. Where applicable, all prior periods presented have been revised to conform to the change in reportable segments. See Note 17. All references to the “Company,” “we,” “us,” and “our” mean, as a combined company, MarineMax, Inc. and its subsidiaries. In order to provide comparability between periods presented, certain amounts have been reclassified from the previously reported consolidated financial statements to conform to the consolidated financial statement presentation of the current period. Specifically, goodwill was moved into a separate caption on the balance sheets. This reclassification had no impact on net income or retained earnings in either period presented. The Unaudited Condensed Consolidated Financial Statements include our accounts and the accounts of our subsidiaries. All significant intercompany transactions and accounts have been eliminated.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Jun. 30, 2023
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	3. NEW ACCOUNTING PRONOUNCEMENTS: In September 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2022-04 — Liabilities — Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations which is intended to enhance the transparency surrounding the use of supplier finance programs. The guidance requires companies that use supplier finance programs to make annual disclosures about the program’s key terms, the balance sheet presentation of related amounts, the confirmed amount outstanding at the end of the period and associated roll forward information. Only the amount outstanding at the end of the period must be disclosed in interim periods. The guidance does not affect the recognition, measurement or financial statement presentation of supplier finance program obligations. The guidance becomes effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the roll forward information, which is effective for fiscal years beginning after December 15, 2023. We plan to adopt ASU 2022-04 in fiscal 2024. We are currently evaluating the impact that this standard will have on our consolidated financial statements. The Company currently has no other material accounting pronouncements recently adopted or yet to be adopted as of June 30, 2023 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. FAIR VALUE MEASUREMENTS: The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. Level 2 - Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 - Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. The following tables summarize the Company’s financial assets and liabilities measured at fair value in the accompanying Unaudited Condensed Consolidated Balance Sheets: June 30, 2023 Level 1 Level 2 Level 3 Total (Amounts in thousands) Assets: Interest rate swap contract $ — $ 1,358 $ — $ 1,358 Liabilities: Contingent consideration liabilities $ — $ — $ 88,628 $ 88,628 September 30, 2022 Level 1 Level 2 Level 3 Total (Amounts in thousands) Assets: Interest rate swap contract $ — $ 1,528 $ — $ 1,528 Liabilities: Contingent consideration liabilities $ — $ — $ 15,207 $ 15,207 There were no transfers between the valuation hierarchy Levels 1, 2, and 3 for the nine months ended June 30, 2022 and 2023. The fair value of the Company’s interest rate swap contract is calculated as the present value of expected future cash flows, determined on the basis of forward interest rates and present value factors. The inputs to the fair value measurements reflect Level 2 inputs. The interest rate swap contract balance is included in other long-term assets in the accompanying Unaudited Condensed Consolidated Balance Sheets. The interest rate swap contract is designated as a cash flow hedge with changes in fair value reported in other comprehensive income in the accompanying Unaudited Condensed Consolidated Statements of Comprehensive Income. For the three and nine months ended June 30, 2022 and 2023 , no significant amounts were reclassified out of accumulated other comprehensive income. The fair value of the Company ’ s contingent consideration liabilities is based on the present value of the expected future payments to be made to the sellers of the acquired entities in accordance with the provisions outlined in the respective purchase agreements, which is a Level 3 fair value measurement. In determining fair value, we estimated the acquired entity’s future performance using financial projections developed by management for the acquired entity and market participant assumptions that were derived for revenue growth and/or profitability. We estimated future payments using the earnout formula and performance targets specified in each purchase agreement and the financial projections just described. The risk associated with the financial projections was evaluated using a Monte Carlo simulation analysis, pursuant to which the projections were discounted to present value using a discount rate that takes into consideration market-based rates of return, and then simulated to reflect the ability of the acquired entity to achieve the earnout targets. Such calculated earnout payments were further discounted at our estimated cost of debt, to account for counterparty risk. We note that changes in financial projections, market participant assumptions for revenue growth and/or profitability, or market risk factors, would result in a change in the fair value of recorded earnout obligations. The following table summarizes ranges for significant quantitative unobservable inputs we utilized in our fair value measurements with respect to contingent consideration liabilities: Unobservable Input: June 30, 2023 Net operating income projected growth rates 23 % - 25 % Discount rate 11.0 % The contingent consideration liabilities balance is included in accrued expenses and other long-term liabilities in the accompanying Unaudited Condensed Consolidated Balance Sheets. Contingent consideration liabilities, recorded in other long-term liabilities, totaled approximately $ 6.4 million and $ 79.6 million as of September 30, 2022 and June 30, 2023, respectively. Changes in fair value and net present value of the contingent consideration liabilities are included in selling, general, and administrative expenses in the accompanying Unaudited Condensed Consolidated Statements of Operations. The following tables set forth the changes in fair value of our contingent consideration liabilities, which reflect Level 3 inputs, for the nine months ended June 30, 2022 and 2023: Contingent Consideration Liabilities 2022 2023 (Amounts in thousands) Beginning balance - September 30, $ 12,364 $ 15,207 Additions from business acquisitions 7,350 77,380 Settlement of contingent consideration liabilities ( 3,000 ) ( 7,400 ) Change in fair value and net present value of contingency 375 3,441 Ending balance - June 30, $ 17,089 $ 88,628 We determined that the carrying value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, short-term borrowings, term loans, revolving mortgage facility, and other loans payable approximate their fair values because of the nature of their terms and current market rates of these instruments. The fair value of our mortgage facilities, which are not carried at fair value in the accompanying Unaudited Condensed Consolidated Balance Sheets, was determined using Level 2 inputs based on the discounted cash flow method. We estimate the fair value of our mortgage facilities using a present value technique based on current market interest rates for similar types of financial instruments that reflect Level 2 inputs. T he following table summarizes the carrying value and fair value of our mortgage facilities as of September 30, 2022 and June 30, 2023: September 30, 2022 June 30, 2023 Fair Value Carrying Value Fair Value Carrying Value (Amounts in thousands) Mortgage facility payable to Flagship Bank $ 6,355 $ 6,403 $ 5,271 $ 6,031 Mortgage facility payable to Seacoast National Bank 16,681 17,098 $ 12,874 $ 17,060 Mortgage facility payable to Hancock Whitney Bank 24,977 25,192 $ 20,708 $ 23,757

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	5. REVENUE RECOGNITION: The majority of our revenue is from contracts with customers for the sale of boats, motors, and trailers. We recognize revenue from boat, motor, and trailer sales upon transfer of control of the boat, motor, or trailer to the customer, which is generally upon acceptance of the boat, motor, and trailer by the customer and the satisfaction of our performance obligations. The transaction price is determined with the customer at the time of sale. Customers may trade in a used boat to apply toward the purchase of a new or used boat. The trade-in is a type of noncash consideration measured at fair value, based on external and internal observable and unobservable market data and applied as payment to the contract price for the purchased boat. At the time of acceptance, the customer is able to direct the use of, and obtain substantially all of, the benefits of the boat, motor, or trailer. We recognize commissions earned from a brokerage sale when the related brokerage transaction closes upon transfer of control of the boat, motor, or trailer to the customer, which is generally upon acceptance by the customer. We do not directly finance our customers’ boat, motor, or trailer purchases. In many cases, we assist with third-party financing for boat, motor, and trailer sales. We recognize commissions earned by us for placing notes with financial institutions in connection with customer boat financing when we recognize the related boat sales. Pursuant to negotiated agreements with financial institutions, we are charged back for a portion of these fees should the customer terminate or default on the related finance contract before it is outstanding for a stipulated minimum period of time. We base the chargeback allowance, which was not material to the Unaudited Condensed Consolidated Financial Statements taken as a whole as of June 30, 2023, on our experience with repayments or defaults on the related finance contracts. We recognize variable consideration from commissions earned on extended warranty service contracts sold on behalf of third-party insurance companies at generally the later of customer acceptance of the service contract terms as evidenced by contract execution or recognition of the related boat sale. We also recognize marketing fees earned on insurance products sold on behalf of third-party insurance companies at the later of customer acceptance of the insurance product as evidenced by contract execution or when the related boat sale is recognized. We recognize revenue from parts and service operations (boat maintenance and repairs) over time as services are performed. Each boat maintenance and repair service is a single performance obligation that includes both the parts and labor associated with the service. Payment for boat maintenance and repairs is typically due upon the completion of the service, which is generally completed within a short period of time from contract inception. We satisfy our performance obligations, transfer control, and recognize revenue over time for parts and service operations because we are creating a contract asset with no alternative use and we have an enforceable right to payment for performance completed to date. Contract assets primarily relate to our right to consideration for work in process not yet billed at the reporting date associated with maintenance and repair services. We use an input method to recognize revenue and measure progress based on labor hours expended to satisfy the performance obligation at average labor rates. We have determined labor hours expended to be the relevant measure of work performed to complete the maintenance and repair service for the customer. As a practical expedient, because repair and maintenance service contracts have an original duration of one year or less, we do not consider the time value of money, and we do not disclose estimated revenue expected to be recognized in the future for performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period or when we expect to recognize such revenue. Contract assets, recorded in prepaid expenses and other current assets, totaled approximately $ 5.9 million and $ 7.0 million as of September 30, 2022 and June 30, 2023, respectively. We recognize revenue from the sale of our manufactured boats and yachts when control of the boat or yacht is transferred to the dealer or customer, which is generally upon acceptance by the dealer or customer. At the time of acceptance, the dealer or customer is able to direct the use of, and obtain substantially all of the benefits of, the boat or yacht. We have elected to record shipping and handling activities that occur after the dealer or customer has obtained control of the boat or yacht as a fulfillment activity. We recognize lessor common area charges, utility sales, food and beverage sales and other ancillary goods and services. Performance obligations include performing common area maintenance and providing utilities, food and beverages, and other ancillary goods and services when goods are transferred or services are performed. Payment terms typically align with when the goods and services are provided. Contract liabilities primarily consist of customer deposits. We recognize contract liabilities as revenue at the time of acceptance and the transfer of control to the customers. We recognize revenue from service operations and slip and storage services over time on a straight-line basis over the term of the contract as our performance obligations are met. We recognize revenue from the rentals of chartering power yachts over time on a straight-line basis over the term of the contract as our performance obligations are met. The following table sets forth percentages on the timing of revenue recognition: Retail Operations Product Manufacturing Three Months Ended Three Months Ended June 30, June 30, 2022 2023 2022 2023 Goods and services transferred at a point in time 91.2 % 88.1 % 100.0 % 100.0 % Goods and services transferred over time 8.8 % 11.9 % — — Revenue 100.0 % 100.0 % 100.0 % 100.0 % Retail Operations Product Manufacturing Nine Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 Goods and services transferred at a point in time 90.5 % 86.9 % 100.0 % 100.0 % Goods and services transferred over time 9.5 % 13.1 % — — Revenue 100.0 % 100.0 % 100.0 % 100.0 % The following tables set forth our revenue disaggregated into categories that depict the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors. Three months ended June 30, 2022 Three months ended June 30, 2023 Retail Operations Product Manufacturing Total Retail Operations Product Manufacturing Total New boat sales 72.3 % 94.8 % 73.5 % 69.3 % 93.1 % 70.8 % Used boat sales 8.0 % 3.7 % 7.6 % 8.1 % 5.3 % 7.7 % Maintenance, repair, storage, rental, and charter services 7.2 % — 6.9 % 10.4 % — 9.9 % Finance and insurance products 3.2 % — 3.1 % 2.9 % — 2.8 % Parts and accessories 3.8 % 0.8 % 3.6 % 4.5 % 0.9 % 4.2 % Brokerage sales 5.5 % 0.7 % 5.3 % 4.8 % 0.7 % 4.6 % Revenue 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Nine months ended June 30, 2022 Nine months ended June 30, 2023 Retail Operations Product Manufacturing Total Retail Operations Product Manufacturing Total New boat sales 72.3 % 96.2 % 73.5 % 68.5 % 95.6 % 69.9 % Used boat sales 7.9 % 2.7 % 7.5 % 7.0 % 3.1 % 6.6 % Maintenance, repair, storage, rental, and charter services 7.6 % — 7.3 % 12.0 % — 11.5 % Finance and insurance products 3.1 % — 3.0 % 2.9 % — 2.8 % Parts and accessories 3.3 % 0.7 % 3.1 % 5.0 % 0.6 % 4.8 % Brokerage sales 5.8 % 0.4 % 5.6 % 4.6 % 0.7 % 4.4 % Revenue 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % The following table sets forth our maintenance, repair, storage, rental, charter services and parts and accessories revenue for our Retail Operations by location type. Three months ended Three months ended June 30, 2022 June 30, 2023 (Amounts in thousands) Marina/storage locations $ 50,514 $ 79,793 Locations without marina/storage 21,310 22,537 Maintenance, repair, storage, rental, charter services, parts and accessories revenue $ 71,824 $ 102,330 Nine months ended Nine months ended June 30, 2022 June 30, 2023 (Amounts in thousands) Marina/storage locations $ 107,843 $ 206,249 Locations without marina/storage 76,495 84,759 Maintenance, repair, storage, rental, charter services, parts and accessories revenue $ 184,338 $ 291,008

Leases

Leases	9 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	6. LEASES: Lessee Substantially all of the leases that we enter into are real estate leases. We lease numerous facilities relating to our operations, including showrooms, display lots, marinas, service facilities, slips, offices, equipment and our corporate headquarters. Leases for real property have terms, including renewal options, ranging from one to in excess of twenty-five years . In addition, we lease certain charter boats for our yacht charter business. As of June 30, 2023 , the weighted-average remaining lease term for our leases was approximately 22 years. All of our leases are classified as operating leases, which are included as right-of-use (“ROU”) assets and operating lease liabilities in the accompanying Unaudited Condensed Consolidated Balance Sheets. For the three months ended June 30, 2022 and 2023 , operating lease expenses recorded in selling, general, and administrative expenses were approximately $ 6.0 million and $ 8.2 million, respectively. For the nine months ended June 30, 2022 and 2023 , operating lease expenses recorded in selling, general, and administrative expenses were approximately $ 17.6 million and $ 22.5 million, respectively. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. We do not have any significant leases that have not yet commenced but that create significant rights and obligations for us. We have elected the practical expedient under ASC Topic 842 to not separate lease and nonlease components. Our real estate and equipment leases often require that we pay maintenance in addition to rent. Additionally, our real estate leases generally require payment of real estate taxes and insurance. Maintenance, real estate taxes, and insurance payments are generally variable and based on actual costs incurred by the lessor. Therefore, these amounts are not included in the consideration of the contract when determining the ROU asset and lease liability but are reflected as variable lease expenses. Substantially all of our lease agreements include fixed rental payments. Certain of our lease agreements include fixed rental payments that are adjusted periodically by a fixed rate or changes in an index. The fixed payments, including the effects of changes in the fixed rate or amount, and renewal options reasonably certain to be exercised, are included in the measurement of the related lease liability. Most of our real estate leases include one or more options to renew, with renewal terms that can extend the lease term from one to five years or more. The exercise of lease renewal options is at our sole discretion. If it is reasonably certain that we will exercise such options, the periods covered by such options are included in the lease term and are recognized as part of our right of use assets and lease liabilities. The depreciable life of assets and leasehold improvements are limited by the expected lease term, which includes renewal options reasonably certain to be exercised . For our incremental borrowing rate, we generally use a portfolio approach to determine the discount rate for leases with similar characteristics . We determine discount rates based upon our hypothetical credit rating, taking into consideration our short-term borrowing rates, and then adjusting as necessary for the appropriate lease term. As of June 30, 2023 , the weighted-average discount rate used was approximately 6.4 %. As of June 30, 2023, maturities of lease liabilities by fiscal year are summarized as follows: (Amounts in thousands) 2023 (remaining) $ 3,486 2024 16,860 2025 14,241 2026 13,385 2027 12,944 Thereafter 269,512 Total lease payments 330,428 Less: interest ( 200,702 ) Present value of lease liabilities $ 129,726 Supplemental cash flow information related to leases was as follows: Nine Months Ended June 30, 2022 2023 (Amounts in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 12,128 $ 13,088 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 4,143 $ 35,941 Lessor The Company enters into certain agreements as a lessor under which it rents buildings to third parties. Initial terms of our real estate leases are generally three to five years, exclusive of options to renew, which are generally exercisable at our sole discretion for one term of five years. These leases meet all of the criteria of an operating lease and are accordingly recognized straight line over the lease term. The following table summarizes the amount of operating lease income and other income included in total revenues in the accompanying unaudited condensed consolidated statements of operations: Nine Months Ended June 30, 2022 2023 (Amounts in thousands) Operating leases: Operating lease income $ 964 $ 6,857 Variable lease income $ 632 $ 470 Total rental income $ 1,596 $ 7,327 As of June 30, 2023, future minimum payments to be received during the next five years and thereafter are as follows: (Amounts in thousands) 2023 (remaining) $ 2,284 2024 8,002 2025 5,307 2026 3,889 2027 2,866 Thereafter 1,166 Total lease payments $ 23,514

Inventories

Inventories	9 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	7. INVENTORIES: Inventories are stated at the lower of cost or net realizable value. The cost of inventories purchased from our vendors consist of the amount paid to acquire the inventory, net of vendor consideration and purchase discounts, the cost of equipment added, reconditioning costs, inventory deposits, and transportation costs relating to acquiring inventory for sale. Trade-in used boats are initially recorded at fair value and adjusted for reconditioning and other costs. The cost of inventories that are manufactured by the Company consist of material, labor, and manufacturing overhead. Unallocated overhead and abnormal costs are expensed as incurred. New and used boats, motors, and trailers inventories are accounted for on a specific identification basis. Raw materials and parts, accessories, and other inventories are accounted for on an average cost basis. We utilize our historical experience, the aging of the inventories, and our consideration of current market trends as the basis for determining a lower of cost or net realizable value. We do not believe there is a reasonable likelihood that there will be a change in the future estimates or assumptions we use to calculate the lower of cost or net realizable value. If events occur and market conditions change, the net realizable value of our inventories could change. Inventories consisted of the following as of: September 30, 2022 June 30, 2023 (Amounts in thousands) New and used boats, motors, and trailers $ 272,422 $ 558,144 In transit inventory and deposits 117,268 106,228 Parts, accessories, and other 17,143 20,268 Work-in-process 21,691 25,281 Raw materials 25,835 29,193 Inventories $ 454,359 $ 739,114

Goodwill

Goodwill	9 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	8. GOODWILL: We account for acquisitions in accordance with FASB ASC 805, “Business Combinations” (“ASC 805”), and goodwill in accordance with ASC 350, “Intangibles — Goodwill and Other” (“ASC 350”). For business combinations, the excess of the purchase price over the estimated fair value of net assets acquired in a business combination is recorded as goodwill. In June 2023, we acquired C&C Boat Works, a full-service boat dealer in Crosslake, Minnesota. In January 2023, we acquired Boatzon, a boat and marine digital retail platform, through our recently formed technology entity, New Wave Innovations. In December 2022, we acquired Midcoast Marine Group, a leading full-service marine construction Company based on Central Florida's Gulf Coast. In October 2022, we purchased all of the outstanding equity of IGY Marinas for an aggregate purchase price of $ 480,000,000 , subject to certain customary closing and post-closing adjustments, and net working capital adjustments including certain holdbacks. In addition, the former equity owners of IGY Marinas (“IGY Sellers”) have the opportunity to earn additional consideration as part of a contingent consideration arrangement subject to the achievement of certain performance metrics. The maximum amount of consideration that can be paid under the contingent consideration arrangement is $ 100.0 million. The fair value of $ 67.7 million of the contingent consideration arrangement was estimated with the assistance of a third-party valuation expert by applying an income valuation approach and is included in other long-term liabilities. The earnout was estimated based on certain performance metrics as a base scenario (among other assumptions) subject to a Monte Carlo simulation. The IGY Sellers are subject to certain customary post-closing covenants and indemnities. The acquisition of IGY Marinas expands the Company’s marina footprint and superyacht services offerings and strengthens its position as the global leader in superyacht and luxury marina destinations in the United States of America, the Caribbean, Mexico and Europe. The following table summarizes the consideration paid for IGY Marinas and the preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date. (Amounts in thousands) Consideration: Cash purchase price and net working capital adjustments, net of cash acquired of $ 28,075 $ 482,998 Contingent consideration arrangement 67,700 Noncontrolling interests in consolidated subsidiaries 2,208 Fair value of total consideration transferred $ 552,906 Recognized amounts of identifiable assets acquired and liabilities assumed: Net working capital, net of cash acquired of $ 28,075 ( 22,386 ) Property and equipment 240,190 Operating lease right-of-use assets 39,720 Intangible assets 30,446 Equity method investments 14,098 Other long-term assets 6,973 Operating lease liabilities ( 29,416 ) Other liabilities ( 1,301 ) Deferred tax liabilities, net ( 20,777 ) Total identifiable net assets acquired: 257,547 Goodwill $ 295,359 Total $ 552,906 The fair value of current assets acquired includes accounts receivable and other current assets of approximately $ 4.5 million and $ 4.1 million, respectively. The fair value of current liabilities assumed includes contract liabilities of approximately $ 13.3 million, tax contingency reserves of approximately $ 8.0 million and accrued expenses of approximately $ 6.6 million. We recorded approximately $ 295.4 million in goodwill and approximately $ 30.4 million of other identifiable intangibles, composed of indefinite-lived trade names and customer relationships, in connection with the IGY Marinas acquisition, however, purchase price allocations are preliminary pending receipt of final valuation analyses of certain assets from our valuation advisor. The goodwill represents the assembled workforce, our enhanced geographic reach, and global brand infrastructure. Goodwill of approximately $ 138.1 million is expected to be deductible for tax purposes. As of the acquisition date, the customer relationships have a weighted average useful life of approximately 4.5 years. For the nine months ended June 30, 2022 and 2023 , IGY Marinas revenue was approximately $ 78.3 and $ 91.1 million, respectively. For the nine months ended June 30, 2022 loss before taxes was approximately $ 1.0 million. For the nine months ended June 30, 2023 income before taxes was approximately $ 17.0 million. Income before taxes does not include parent level corporate costs. The determination of fair value of assets acquired and liabilities assumed requires estimates and assumption that can change as a result of new information obtained about facts and circumstances that existed as of the acquisition date. As such, the Company will make any necessary adjustments to goodwill in the period identified within one year of the acquisition date. Adjustments outside of that range are recognized currently in earnings. Through one of the subsidiaries that it acquired in the IGY Marinas acquisition, the Company has an investment in certain entities that own a marina asset in Cannes, France, which is accounted for under the equity method, as well as a series of notes receivable due from these entities, with a total balance of approximately $ 6.4 million as of June 30, 2023. In April 2022, through Northrop & Johnson, we acquired Superyacht Management, S.A.R.L., better known as SYM, a superyacht management company based in Golfe-Juan, France. In November 2021, we completed acquisitions for Intrepid, a premier manufacturer of powerboats, and Texas MasterCraft, a watersports dealer in Northern Texas, for aggregate consideration of approximately $ 67.2 million (net of cash acquired of $ 9.4 million), including estimated contingent consideration of $ 6.0 million. Tangible assets acquired, net of liabilities assumed and cash acquired, totaled approximately $ 20.3 million; intangible assets acquired totaled $ 7.3 million; and total goodwill recognized was approximately $ 39.6 million. The goodwill represents the assembled workforce, acquired capabilities, and future economic benefits resulting from the acquisitions. Approximately $ 10.7 million of goodwill related to the acquisitions, wholly attributable to Texas MasterCraft, is deductible for tax purposes. In July 2021, we purchased Nisswa Marine a full-service dealer located in Nisswa, Minnesota. In May 2021, we purchased Cruisers Yachts, a manufacturer of sport yacht and yachts with sales through our select retail dealership locations and through independent dealers. In October 2020, we purchased SkipperBud’s, one of the largest boat sales, brokerage, service and marina/storage groups in the United States. In total, current and previous acquisitions have resulted in the recording of $ 246.5 million and $ 603.2 million in goodwill and other intangible assets as of September 30, 2022 and June 30, 2023, respectively. In accordance with ASC 350, we test goodwill for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Our annual impairment test is performed during the third fiscal quarter. If the carrying amount of a reporting unit’s goodwill exceeds its fair value we recognize an impairment loss in accordance with ASC 350. As of June 30, 2023, and based upon our most recent analysis, we determined through our qualitative assessment that it is not “more likely than not” that the fair values of our reporting units are less than their carrying values. As a result, we did not perform a quantitative goodwill impairment test. The following table sets forth the changes in carrying amount of goodwill by reportable segment during the nine months ended June 30, 2023: Retail Operations Product Manufacturing Total (Amounts in thousands) Balance as of September 30, 2022 $ 166,551 $ 69,034 $ 235,585 Goodwill acquired 322,289 — $ 322,289 Foreign currency translation 4,403 — $ 4,403 Balance as of June 30, 2023 $ 493,243 $ 69,034 $ 562,277

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	9. INCOME TAXES: We account for income taxes in accordance with FASB ASC 740, “Income Taxes” (“ASC 740”). Under ASC 740, we recognize deferred tax assets and liabilities for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which we expect those temporary differences to be recovered or settled. We record valuation allowances to reduce our deferred tax assets to the amount expected to be realized by considering all available positive and negative evidence. During the three months ended June 30, 2022 and 2023 , we recognized an income tax provision of $ 24.1 million and $ 15.5 million, respectively. During the nine months ended June 30, 2022 and 2023 , we recognized an income tax provision of $ 52.4 and $ 34.7 million, respectively. The effective income tax rate for the three months ended June 30, 2022 and 2023 was 25.6 % and 25.9 %, respectively. The effective income tax rate for the nine months ended June 30, 2022 and 2023 was 24.7 % and 26.9 %, respectively.

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt	9 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Short-Term Borrowings and Long-Term Debt	10. SHORT-TERM BORROWINGS AND LONG-TERM DEBT: Short-term Borrowings In August 2022, we entered into a Credit Agreement with Manufacturers and Traders Trust Company (“M&T Bank”) as Administrative Agent, Swingline Lender, and Issuing Bank, Wells Fargo Commercial Distribution Finance, LLC, as Floor Plan Agent, and the lenders party thereto (the “New Credit Agreement”). The New Credit Agreement provides the Company short-term borrowing in the form of a line of credit with asset-based borrowing availability (Floor Plan) of up to $ 750 million and establishes a revolving credit facility in the maximum amount of $ 100 million (including a $ 20 million swingline facility and a $ 20 million letter of credit sublimit). The New Credit Agreement also provides long-term debt in the form of a delayed draw term loan facility to finance the acquisition of IGY Marinas in the maximum amount of $ 400 million, and a $ 100 million delayed draw mortgage loan facility. The maturity of each of the facilities is August 2027 . The interest rate is (a) for amounts outstanding under the Floor Plan, 3.45 % above the one month secured term rate as administered by the CME Group Benchmark Administration Limited (CBA) (“SOFR”), (b) for amounts outstanding under the revolving credit facility or the term loan facility, a range of 1.50 % to 2.0 %, depending on the total net leverage ratio, above the one month, three month, or six month term SOFR rate, and (c) for amounts outstanding under the mortgage loan facility, 2.20 % above the one month, three month, or six month term SOFR rate. The alternate base rate with a margin is available for amounts outstanding under the revolving credit, term, and mortgage loan facilities and the Euro Interbank Offered Rate plus a margin is available for borrowings in Euro or other currencies other than dollars under the revolving credit facility. The New Credit Agreement has certain financial covenants as specified in the agreement. The covenants include provisions that our leverage ratio must not exceed 3.35 to 1.0 and that our consolidated fixed charge coverage ratio must be greater than 1.10 to 1.0. As of June 30, 2023 , we were in compliance with all covenants under the New Credit Agreement. The New Credit Agreement is secured by the Company’s personal property assets, including inventory and related accounts receivable. The mortgage loans will also be secured by the real estate pledged as collateral for such loans. In May 2020, we entered into a Loan and Security Agreement (the “Credit Facility”), with Wells Fargo Commercial Distribution Finance LLC, M&T Bank, Bank of the West, and Truist Bank. In July 2021, we amended the Credit Facility to increase the borrowing availability to $ 500 million, extend the term to expire by one year to July 2024 , with two one-year options to renew, subject to lender approval, and modify certain provisions to provide additional liquidity to the Company. The Credit Facility provided the Company a line of credit with asset-based borrowing availability of up to $ 500 million for working capital and inventory financing, with the amount permissible pursuant to a borrowing base formula. The Credit Facility was set to expire in July 2024 , subject to extension for two one-year periods, with lender approval. The Credit Facility was replaced by the New Credit Agreement. As of June 30, 2023 , our indebtedness associated with financing our inventory and working capital needs totaled approximately $ 515.6 million. As of June 30, 2023 , our short-term borrowings, which solely consisted of the Floor Plan, included unamortized debt issuance costs of approximately $ 1.6 million. As of June 30, 2022 , our indebtedness associated with financing our inventory and working capital needs totaled approximately $ 107.5 million and included unamortized debt issuance costs of approximately $ 0.3 million. As of June 30, 2022 and 2023 , the interest rate on the outstanding short-term borrowings, which solely consisted of the Floor Plan, was approximately 4.2 % and 6.7 % respectively. As of June 30, 2023 , our additional available borrowings under our New Credit Agreement were approximately $ 10.5 million based upon the outstanding borrowing base availability. As of June 30, 2023, no amounts were withdrawn on the revolving credit facility or the delayed draw mortgage loan facility. As is common in our industry, we receive interest assistance directly from boat manufacturers, including Brunswick. The interest assistance programs vary by manufacturer, but generally include periods of free financing or reduced interest rate programs. The interest assistance may be paid directly to us or our lender depending on the arrangements the manufacturer has established. We classify interest assistance received from manufacturers as a reduction of inventory cost and related cost of sales. The availability and costs of borrowed funds can adversely affect our ability to obtain adequate boat inventory and the holding costs of that inventory as well as the ability and willingness of our customers to finance boat purchases. However, we rely on our New Credit Agreement to purchase our inventory of boats. The aging of our inventory limits our borrowing capacity as defined curtailments reduce the allowable advance rate as our inventory ages. Our access to funds under our New Credit Agreement also depends upon the ability of our lenders to meet their funding commitments, particularly if they experience shortages of capital, experience excessive volumes of borrowing requests from others during a short period of time or otherwise experience liquidity issues of their own as other lending institutions have recently experienced. Unfavorable economic conditions, weak consumer spending, turmoil in the credit markets, and lender difficulties, among other potential reasons, could interfere with our ability to utilize our New Credit Agreement to fund our operations. Any inability to utilize our New Credit Agreement could require us to seek other sources of funding to repay amounts outstanding under the credit agreements or replace or supplement our credit agreements, which may not be possible at all or under commercially reasonable terms. Similarly, decreases in the availability of credit and increases in the cost of credit adversely affect the ability of our customers to purchase boats from us and thereby adversely affect our ability to sell our products and impact the profitability of our finance and insurance activities. Long-term Debt The below table summarizes the Company's long-term debt. September 30, 2022 June 30, 2023 (Amounts in thousands) Mortgage facility payable to Flagship Bank bearing interest at 7.25 % as of June 30, (prime minus 100 basis points with a floor of 2.00 %). Requires monthly principal 4.0 million due August 2027 . $ 6,403 $ 6,031 Mortgage facility payable to Seacoast National Bank bearing interest at 7.63 % as of (greater of 3.00% or prime minus 62.5 basis points ). Requires 6.0 million due September 2031 . 17,098 17,060 Mortgage facility payable to Hancock Whitney Bank bearing interest at 7.63 % as of (prime minus 62.5 basis points with a floor of 2.25 %). Requires 15.5 million due November 2027 . 50 % of the outstanding borrowings are hedged 3.20 %. 25,192 23,757 Revolving mortgage facility with FineMark National Bank & Trust bearing interest at 8.00 % as of June 30, 2023 (base minus 25 basis points with a floor of 3.00 %). October 2027 . Current available borrowings under the facility 23.2 million at June 30, 2023. — — Term loan payable to M&T Bank bearing interest at 6.67 % as of June 30, August 2027 . — 385,000 Loan payable to TRANSPORT S.a.s di Taula Vittorio & C. bearing interest 6.55 % as of June 30, 2023. Requires quarterly principal and interest payments. December 2030 . — 1,496 Total long-term debt 48,693 433,344 Less: current portion ( 2,882 ) ( 32,409 ) Less: unamortized portion of debt issuance costs ( 510 ) ( 1,706 ) Long-term debt, net current portion and unamortized debt issuance costs $ 45,301 $ 399,229

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	11. STOCK-BASED COMPENSATION: We account for our stock-based compensation plans following the provisions of FASB ASC 718, “Compensation — Stock Compensation” (“ASC 718”). In accordance with ASC 718, we use the Black-Scholes valuation model for valuing all options granted (Note 13) and shares purchased under our Amended 2008 Employee Stock Purchase Plan (“Stock Purchase Plan”). We measure compensation for restricted stock awards and restricted stock units (Note 14) at fair value on the grant date based on the number of shares expected to vest and the quoted market price of our common stock. We recognize compensation cost for all awards in operations on a straight-line basis over the requisite service period for each separately vesting portion of the award. During the three months ended June 30, 2022 and 2023 , we recognized stock-based compensation expense of approximately $ 3.9 million and $ 5.5 million, respectively, and for the nine months ended June 30, 2022 and 2023 , we recognized stock-based compensation expense of approximately $ 11.1 million and $ 15.7 million, respectively, in selling, general, and administrative expenses in the accompanying Unaudited Condensed Consolidated Statements of Operations. Cash received from option exercises under all share-based compensation arrangements for the three months ended June 30, 2022 and 2023 , was approximately $ 1.0 million and $ 1.1 million, respectively. Cash received from option exercises or the Stock Purchase Plan under all share-based compensation arrangements for the nine months ended June 30, 2022 and 2023 , was approximately $ 2.1 million and $ 2.4 million, respectively. We currently expect to satisfy share-based awards with registered shares available to be issued from the Stock Purchase Plan.

The Incentive Stock Plans

The Incentive Stock Plans	9 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
The Incentive Stock Plans	12. THE INCENTIVE STOCK PLANS: In February 2023, our shareholders approved a proposal to amend our 2021 Plan, to increase the total number of available shares by 1,300,000 . In February 2022, our shareholders approved a proposal to authorize our 2021 Stock-Based Compensation Plan (“2021 Plan”), which replaced our 2011 Stock-Based Compensation Plan (“2011 Plan”). Our 2021 Plan provides for the grant of stock options, stock appreciation rights, restricted stock, stock units, bonus stock, dividend equivalents, other stock related awards, and performance awards (collectively “awards”), that may be settled in cash, stock, or other property. Our 2021 Plan is designed to attract, motivate, retain, and reward our executives, employees, officers, directors, and independent contractors by providing such persons with annual and long-term performance incentives to expend their maximum efforts in the creation of shareholder value. The total number of shares of our common stock that may be subject to awards under the 2021 Plan is equal to 2,300,000 shares, plus: (i) any shares available for issuance and not subject to an award under the 2007 Plan or the 2011 Plan, which was 545,729 in aggregate at the time of the approval of the 2021 Plan; (ii) the number of shares with respect to which awards granted under the 2021 Plan, the 2011 Plan or the 2007 Plan terminate without the issuance of the shares or where the shares are forfeited or repurchased; (iii) with respect to awards granted under the 2021 Plan, the 2011 Plan and the 2007 Plan, the number of shares that are not issued as a result of the award being settled for cash or otherwise not issued in connection with the exercise or payment of the award; and (iv) the number of shares that are surrendered or withheld in payment of the exercise price of any award or any tax withholding requirements in connection with any award granted under the 2021 Plan, the 2011 Plan or the 2007 Plan. The 2021 Plan terminates in February 2032 , and awards may be granted at any time during the life of the 2021 Plan. The dates on which awards vest are determined by the Board of Directors or the Plan Administrator. The Board of Directors has appointed the Compensation Committee as the Plan Administrator. The exercise prices of options are determined by the Board of Directors or the Plan Administrator and are at least equal to the fair market value of shares of common stock on the date of grant. The term of options under the 2021 Plan may not exceed ten years . The options granted have varying vesting periods. To date, we have not settled or been under any obligation to settle any awards in cash. The following table summarizes activity from our incentive stock plans from September 30, 2022 through June 30, 2023: Shares Options Outstanding Aggregate Value Weighted Weighted Balance as of September 30, 2022 1,536,094 62,750 $ 893 $ 17.62 2.3 Shares authorized 1,300,000 — — Options granted ( 5,000 ) 5,000 31.22 2.0 Options cancelled/forfeited/expired 10,000 ( 10,000 ) 7.48 Options exercised — ( 3,000 ) 13.06 Restricted stock awards granted ( 839,453 ) — — Restricted stock awards forfeited 50,325 — — Additional shares of stock issued ( 3,608 ) — — Balance as of June 30, 2023 2,048,358 54,750 $ 746 $ 20.96 2.7 Exercisable as of June 30, 2023 49,749 $ 740 $ 19.35 2.1 During the nine months ended June 30, 2023 , 5,000 options were granted. No options were granted for the nine months ended June 30, 2022. The weighted average grant date fair value of options granted during the three and nine months ended June 30, 2023 was $ 15.53 . The total intrinsic value of options exercised during the nine months ended June 30, 2022 and 2023 , was $ 1.1 million and $ 0.1 million, respectively. We used the Black-Scholes model to estimate the fair value of options granted. The expected term of options granted is estimated based on historical experience. Volatility is based on the historical volatility of our common stock. The risk-free rate for periods within the contractual term of the options is based on the U.S. Treasury yield curve in effect at the time of grant.

Employee Stock Purchase Plan

Employee Stock Purchase Plan	9 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Employee Stock Purchase Plan	13. EMPLOYEE STOCK PURCHASE PLAN: In February 2019, our shareholders approved a proposal to amend our Stock Purchase Plan to increase the number of shares available under that plan by 500,000 shares. The Stock Purchase Plan as amended provides for up to 1,500,000 shares of common stock to be available for purchase by our regular employees who have completed at least one year of continuous service. In addition, there were 52,837 shares of common stock available under our 1998 Employee Stock Purchase Plan, which have been made available for issuance under our Stock Purchase Plan. The Stock Purchase Plan provides for implementation of annual offerings beginning on the first day of October in each of the years 2008 through 2027, with each offering terminating on September 30 of the following year. Each annual offering may be divided into two six-month offerings. For each offering, the purchase price per share will be the lower of: (i) 85% of the closing price of the common stock on the first day of the offering or (ii) 85 % of the closing price of the common stock on the last day of the offering. The purchase price is paid through periodic payroll deductions not to exceed 10 % of the participant’s earnings during each offering period. However, no participant may purchase more than $ 25,000 worth of common stock annually. We used the Black-Scholes model to estimate the fair value of options granted to purchase shares issued pursuant to the Stock Purchase Plan. Volatility is based on the historical volatility of our common stock. The risk-free rate for periods within the contractual term of the options is based on the U.S. Treasury yield curve in effect at the time of grant. The following are the weighted average assumptions used for each respective period: Three Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % Risk-free interest rate 1.1 % 4.9 % 0.7 % 4.5 % Volatility 49.0 % 46.4 % 49.0 % 47.0 % Expected life Six Months Six Months Six Months Six Months As of June 30, 2023 , we have issued 1,284,679 shares of common stock under our Stock Purchase Plan since its inception.

Restricted Stock Awards

Restricted Stock Awards	9 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Restricted Stock Awards	14. RESTRICTED STOCK AWARDS: We have granted non-vested (restricted) stock awards (“restricted stock”) and restricted stock units (“RSUs”) to employees, directors, and officers pursuant to the 2021 Plan, the 2011 Plan, and the 2007 Plan. The restricted stock awards and RSUs have varying vesting periods, but generally become fully vested between two and four years after the grant date, depending on the specific award, performance targets met for performance-based awards granted to officers, and vesting period for time-based awards. Officer performance-based awards are granted at the target amount of shares that may be earned and the actual amount of the award earned generally could range from 0 % to 175 % of the target number of shares based on the actual specified performance target met. We accounted for the restricted stock awards granted using the measurement and recognition provisions of ASC 718. Accordingly, the fair value of the restricted stock awards, including performance-based awards, is measured on the grant date and recognized in earnings over the requisite service period for each separately vesting portion of the award. The following table summarizes restricted stock award activity from September 30, 2022 through June 30, 2023: Shares/ Units Weighted Non-vested balance as of September 30, 2022 934,517 $ 35.23 Changes during the period: Awards granted 839,453 $ 32.15 Awards vested ( 149,764 ) $ 30.46 Awards forfeited ( 50,325 ) $ 31.98 Non-vested balance as of June 30, 2023 1,573,881 $ 34.14 As of June 30, 2023 , we had approximately $ 30.0 million of total unrecognized compensation cost, assuming applicable performance conditions are met, related to non-vested restricted stock awards. We expect to recognize that cost over a weighted average period of 2.1 years.

Net Income Per Share

Net Income Per Share	9 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Income Per Share	15. NET INCOME PER SHARE: The following table presents shares used in the calculation of basic and diluted net income per share: Three Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 Weighted average common shares outstanding used in 21,524,315 21,885,400 21,761,811 21,831,350 Effect of dilutive options and non-vested restricted stock 648,958 542,043 694,017 489,919 Weighted average common and common equivalent shares 22,173,273 22,427,443 22,455,828 22,321,269 For the three months ended June 30, 2022 and 2023 , there were 89,518 and 11,089 weighted average shares of options and non-vested restricted stock outstanding, respectively, that were not included in the computation of diluted net income per share because the options’ exercise prices or non-vested restricted stock prices were greater than the average market price of our common stock, and therefore, their effect would be anti-dilutive. For the nine months ended June 30, 2022 and 2023 , there were 71,455 and 12,639 weighted average shares of options and non-vested restricted stock outstanding, respectively, that were not included in the computation of diluted net income per share because the options’ exercise prices or non-vested restricted stock prices were greater than the average market price of our common stock, and therefore, their effect would be anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	16. COMMITMENTS AND CONTINGENCIES: We are party to various legal actions arising in the ordinary course of business. While it is not feasible to determine the actual outcome of these actions as of June 30, 2023, we believe that these matters should not have a material adverse effect on our unaudited condensed consolidated financial condition, results of operations, or cash flows.

Segment Information

Segment Information	9 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	17. SEGMENT INFORMATION: Change in Reportable Segments Effective May 2, 2021, our operating segments changed as a result of the Company’s acquisition of Cruisers Yachts, which changed management’s reporting structure and operating activities. We report our operations through two operating segments, which are also reporting segments: Retail Operations and Product Manufacturing. Reportable Segments The Company’s operating segments are defined by management’s reporting structure and operating activities. Our chief operating decision maker (“CODM”) is our Chief Executive Officer. Our CODM reviews operational income statement information by segment for purposes of making operating decisions, assessing financial performance, and allocating resources. The CODM is not provided asset information by segment. The Company’s reportable segments are the following: Retail Operations. The Retail Operations segment includes the sale of new and used recreational boats, including pleasure and fishing boats, with a focus on premium brands in each segment. We also sell related marine products, including engines, trailers, parts, and accessories. In addition, we provide repair, maintenance, and slip and storage services; we arrange related boat financing, insurance, and extended service contracts; we offer boat and yacht brokerage sales; and we offer yacht charter services. In the British Virgin Islands we offer the charter of catamarans, through MarineMax Vacations. Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies with operations in multiple countries, are also included in this segment. We also maintain a network of strategically positioned luxury marinas situated in yachting and sport fishing destinations around the word through IGY Marinas. The Retail Operations segment includes the majority of all corporate costs. Product Manufacturing. The Product Manufacturing segment includes activity of Cruisers Yachts and Intrepid. Cruisers Yachts, a wholly-owned MarineMax subsidiary, manufacturing sport yacht and yachts with sales through our select retail dealership locations and through independent dealers. Cruisers Yachts is recognized as one of the world’s premier manufacturers of premium sport yacht and yachts, producing models from 33 ’ to 60 ’ feet. Intrepid, also a wholly-owned MarineMax subsidiary, is recognized as a world class producer of customized boats, carefully reflecting the unique desires of each individual owner. Intrepid follows a direct-to-consumer distribution model and has received many awards and accolades for its innovations and high-quality craftsmanship that create industry leading products in their categories. Intersegment revenue represents yachts that were manufactured in our Product Manufacturing segment and were sold to our Retail Operations segment. The Product Manufacturing segment supplies our Retail Operations segment along with various independent dealers. The following table sets forth revenue and income from operations for each of the Company’s reportable segments: Three Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 (Amounts in thousands) (Amounts in thousands) Revenue: Retail Operations $ 657,930 $ 687,168 $ 1,690,172 $ 1,707,049 Product Manufacturing 48,802 51,884 129,804 164,959 Elimination of intersegment revenue ( 18,195 ) ( 17,208 ) ( 48,642 ) ( 71,897 ) Revenue $ 688,537 $ 721,844 $ 1,771,334 $ 1,800,111 Income from operations: Retail Operations $ 90,655 $ 68,050 $ 204,124 $ 158,514 Product Manufacturing 5,903 5,089 13,733 17,834 Intersegment adjustments ( 1,258 ) 1,442 ( 3,572 ) ( 9,862 ) Income from operations $ 95,300 $ 74,581 $ 214,285 $ 166,486

Subsequent Event

Subsequent Event	9 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Event	18. SUBSEQUENT EVENT : Amended Credit Facility On July 12, 2023, the Company executed the Amended Credit Facility to amend its existing Credit Facility to expand its floor plan facility from $ 750 million to $ 950 million as provided by the accordion feature of the New Credit Agreement. The Amended Credit Facility will be used to finance the purchase of new and used boat and yacht inventory. Other than the increased capacity of the floor plan facility, all other terms of the Company’s senior secured credit facilities remain unchanged, including the maturity date of August 2027.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	The preparation of Unaudited Condensed Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Unaudited Condensed Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting periods. Significant estimates made by us in the accompanying Unaudited Condensed Consolidated Financial Statements include valuation allowances, valuation of goodwill and intangible assets, valuation of long-lived assets and valuation of contingent consideration liabilities. Actual results could differ from those estimates. Effective May 2, 2021, our reportable segments changed as a result of the Company’s acquisition of Cruisers Yachts, which changed management’s reporting structure and operating activities. We report our operations through two reportable segments: Retail Operations and Product Manufacturing. The change in reportable segments had no impact on the Company’s previously reported historical consolidated financial statements. Where applicable, all prior periods presented have been revised to conform to the change in reportable segments. See Note 17.
Consolidation	In order to provide comparability between periods presented, certain amounts have been reclassified from the previously reported consolidated financial statements to conform to the consolidated financial statement presentation of the current period. Specifically, goodwill was moved into a separate caption on the balance sheets. This reclassification had no impact on net income or retained earnings in either period presented. The Unaudited Condensed Consolidated Financial Statements include our accounts and the accounts of our subsidiaries. All significant intercompany transactions and accounts have been eliminated.
New Accounting Pronouncements	In September 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2022-04 — Liabilities — Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations which is intended to enhance the transparency surrounding the use of supplier finance programs. The guidance requires companies that use supplier finance programs to make annual disclosures about the program’s key terms, the balance sheet presentation of related amounts, the confirmed amount outstanding at the end of the period and associated roll forward information. Only the amount outstanding at the end of the period must be disclosed in interim periods. The guidance does not affect the recognition, measurement or financial statement presentation of supplier finance program obligations. The guidance becomes effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the roll forward information, which is effective for fiscal years beginning after December 15, 2023. We plan to adopt ASU 2022-04 in fiscal 2024. We are currently evaluating the impact that this standard will have on our consolidated financial statements. The Company currently has no other material accounting pronouncements recently adopted or yet to be adopted as of June 30, 2023 .
Revenue Recognition	The majority of our revenue is from contracts with customers for the sale of boats, motors, and trailers. We recognize revenue from boat, motor, and trailer sales upon transfer of control of the boat, motor, or trailer to the customer, which is generally upon acceptance of the boat, motor, and trailer by the customer and the satisfaction of our performance obligations. The transaction price is determined with the customer at the time of sale. Customers may trade in a used boat to apply toward the purchase of a new or used boat. The trade-in is a type of noncash consideration measured at fair value, based on external and internal observable and unobservable market data and applied as payment to the contract price for the purchased boat. At the time of acceptance, the customer is able to direct the use of, and obtain substantially all of, the benefits of the boat, motor, or trailer. We recognize commissions earned from a brokerage sale when the related brokerage transaction closes upon transfer of control of the boat, motor, or trailer to the customer, which is generally upon acceptance by the customer. We do not directly finance our customers’ boat, motor, or trailer purchases. In many cases, we assist with third-party financing for boat, motor, and trailer sales. We recognize commissions earned by us for placing notes with financial institutions in connection with customer boat financing when we recognize the related boat sales. Pursuant to negotiated agreements with financial institutions, we are charged back for a portion of these fees should the customer terminate or default on the related finance contract before it is outstanding for a stipulated minimum period of time. We base the chargeback allowance, which was not material to the Unaudited Condensed Consolidated Financial Statements taken as a whole as of June 30, 2023, on our experience with repayments or defaults on the related finance contracts. We recognize variable consideration from commissions earned on extended warranty service contracts sold on behalf of third-party insurance companies at generally the later of customer acceptance of the service contract terms as evidenced by contract execution or recognition of the related boat sale. We also recognize marketing fees earned on insurance products sold on behalf of third-party insurance companies at the later of customer acceptance of the insurance product as evidenced by contract execution or when the related boat sale is recognized. We recognize revenue from parts and service operations (boat maintenance and repairs) over time as services are performed. Each boat maintenance and repair service is a single performance obligation that includes both the parts and labor associated with the service. Payment for boat maintenance and repairs is typically due upon the completion of the service, which is generally completed within a short period of time from contract inception. We satisfy our performance obligations, transfer control, and recognize revenue over time for parts and service operations because we are creating a contract asset with no alternative use and we have an enforceable right to payment for performance completed to date. Contract assets primarily relate to our right to consideration for work in process not yet billed at the reporting date associated with maintenance and repair services. We use an input method to recognize revenue and measure progress based on labor hours expended to satisfy the performance obligation at average labor rates. We have determined labor hours expended to be the relevant measure of work performed to complete the maintenance and repair service for the customer. As a practical expedient, because repair and maintenance service contracts have an original duration of one year or less, we do not consider the time value of money, and we do not disclose estimated revenue expected to be recognized in the future for performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period or when we expect to recognize such revenue. Contract assets, recorded in prepaid expenses and other current assets, totaled approximately $ 5.9 million and $ 7.0 million as of September 30, 2022 and June 30, 2023, respectively. We recognize revenue from the sale of our manufactured boats and yachts when control of the boat or yacht is transferred to the dealer or customer, which is generally upon acceptance by the dealer or customer. At the time of acceptance, the dealer or customer is able to direct the use of, and obtain substantially all of the benefits of, the boat or yacht. We have elected to record shipping and handling activities that occur after the dealer or customer has obtained control of the boat or yacht as a fulfillment activity. We recognize lessor common area charges, utility sales, food and beverage sales and other ancillary goods and services. Performance obligations include performing common area maintenance and providing utilities, food and beverages, and other ancillary goods and services when goods are transferred or services are performed. Payment terms typically align with when the goods and services are provided. Contract liabilities primarily consist of customer deposits. We recognize contract liabilities as revenue at the time of acceptance and the transfer of control to the customers. We recognize revenue from service operations and slip and storage services over time on a straight-line basis over the term of the contract as our performance obligations are met. We recognize revenue from the rentals of chartering power yachts over time on a straight-line basis over the term of the contract as our performance obligations are met. The following table sets forth percentages on the timing of revenue recognition: Retail Operations Product Manufacturing Three Months Ended Three Months Ended June 30, June 30, 2022 2023 2022 2023 Goods and services transferred at a point in time 91.2 % 88.1 % 100.0 % 100.0 % Goods and services transferred over time 8.8 % 11.9 % — — Revenue 100.0 % 100.0 % 100.0 % 100.0 % Retail Operations Product Manufacturing Nine Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 Goods and services transferred at a point in time 90.5 % 86.9 % 100.0 % 100.0 % Goods and services transferred over time 9.5 % 13.1 % — — Revenue 100.0 % 100.0 % 100.0 % 100.0 % The following tables set forth our revenue disaggregated into categories that depict the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors. Three months ended June 30, 2022 Three months ended June 30, 2023 Retail Operations Product Manufacturing Total Retail Operations Product Manufacturing Total New boat sales 72.3 % 94.8 % 73.5 % 69.3 % 93.1 % 70.8 % Used boat sales 8.0 % 3.7 % 7.6 % 8.1 % 5.3 % 7.7 % Maintenance, repair, storage, rental, and charter services 7.2 % — 6.9 % 10.4 % — 9.9 % Finance and insurance products 3.2 % — 3.1 % 2.9 % — 2.8 % Parts and accessories 3.8 % 0.8 % 3.6 % 4.5 % 0.9 % 4.2 % Brokerage sales 5.5 % 0.7 % 5.3 % 4.8 % 0.7 % 4.6 % Revenue 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Nine months ended June 30, 2022 Nine months ended June 30, 2023 Retail Operations Product Manufacturing Total Retail Operations Product Manufacturing Total New boat sales 72.3 % 96.2 % 73.5 % 68.5 % 95.6 % 69.9 % Used boat sales 7.9 % 2.7 % 7.5 % 7.0 % 3.1 % 6.6 % Maintenance, repair, storage, rental, and charter services 7.6 % — 7.3 % 12.0 % — 11.5 % Finance and insurance products 3.1 % — 3.0 % 2.9 % — 2.8 % Parts and accessories 3.3 % 0.7 % 3.1 % 5.0 % 0.6 % 4.8 % Brokerage sales 5.8 % 0.4 % 5.6 % 4.6 % 0.7 % 4.4 % Revenue 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % The following table sets forth our maintenance, repair, storage, rental, charter services and parts and accessories revenue for our Retail Operations by location type. Three months ended Three months ended June 30, 2022 June 30, 2023 (Amounts in thousands) Marina/storage locations $ 50,514 $ 79,793 Locations without marina/storage 21,310 22,537 Maintenance, repair, storage, rental, charter services, parts and accessories revenue $ 71,824 $ 102,330 Nine months ended Nine months ended June 30, 2022 June 30, 2023 (Amounts in thousands) Marina/storage locations $ 107,843 $ 206,249 Locations without marina/storage 76,495 84,759 Maintenance, repair, storage, rental, charter services, parts and accessories revenue $ 184,338 $ 291,008
Inventories	Inventories are stated at the lower of cost or net realizable value. The cost of inventories purchased from our vendors consist of the amount paid to acquire the inventory, net of vendor consideration and purchase discounts, the cost of equipment added, reconditioning costs, inventory deposits, and transportation costs relating to acquiring inventory for sale. Trade-in used boats are initially recorded at fair value and adjusted for reconditioning and other costs. The cost of inventories that are manufactured by the Company consist of material, labor, and manufacturing overhead. Unallocated overhead and abnormal costs are expensed as incurred. New and used boats, motors, and trailers inventories are accounted for on a specific identification basis. Raw materials and parts, accessories, and other inventories are accounted for on an average cost basis. We utilize our historical experience, the aging of the inventories, and our consideration of current market trends as the basis for determining a lower of cost or net realizable value. We do not believe there is a reasonable likelihood that there will be a change in the future estimates or assumptions we use to calculate the lower of cost or net realizable value. If events occur and market conditions change, the net realizable value of our inventories could change.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value	The following tables summarize the Company’s financial assets and liabilities measured at fair value in the accompanying Unaudited Condensed Consolidated Balance Sheets: June 30, 2023 Level 1 Level 2 Level 3 Total (Amounts in thousands) Assets: Interest rate swap contract $ — $ 1,358 $ — $ 1,358 Liabilities: Contingent consideration liabilities $ — $ — $ 88,628 $ 88,628 September 30, 2022 Level 1 Level 2 Level 3 Total (Amounts in thousands) Assets: Interest rate swap contract $ — $ 1,528 $ — $ 1,528 Liabilities: Contingent consideration liabilities $ — $ — $ 15,207 $ 15,207
Summary of Ranges for Significant Quantitative Unobservable inputs Utilized in Fair Value Measurements	The following table summarizes ranges for significant quantitative unobservable inputs we utilized in our fair value measurements with respect to contingent consideration liabilities: Unobservable Input: June 30, 2023 Net operating income projected growth rates 23 % - 25 % Discount rate 11.0 %
Summary of Changes in Fair Value of Contingent Consideration Liabilities Which Reflect Level 3 Inputs	The following tables set forth the changes in fair value of our contingent consideration liabilities, which reflect Level 3 inputs, for the nine months ended June 30, 2022 and 2023: Contingent Consideration Liabilities 2022 2023 (Amounts in thousands) Beginning balance - September 30, $ 12,364 $ 15,207 Additions from business acquisitions 7,350 77,380 Settlement of contingent consideration liabilities ( 3,000 ) ( 7,400 ) Change in fair value and net present value of contingency 375 3,441 Ending balance - June 30, $ 17,089 $ 88,628
Summary of Carrying Value and Fair Value of Mortgage Facilities	he following table summarizes the carrying value and fair value of our mortgage facilities as of September 30, 2022 and June 30, 2023: September 30, 2022 June 30, 2023 Fair Value Carrying Value Fair Value Carrying Value (Amounts in thousands) Mortgage facility payable to Flagship Bank $ 6,355 $ 6,403 $ 5,271 $ 6,031 Mortgage facility payable to Seacoast National Bank 16,681 17,098 $ 12,874 $ 17,060 Mortgage facility payable to Hancock Whitney Bank 24,977 25,192 $ 20,708 $ 23,757

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Summary of Percentage on Timing of Revenue Recognition	The following table sets forth percentages on the timing of revenue recognition: Retail Operations Product Manufacturing Three Months Ended Three Months Ended June 30, June 30, 2022 2023 2022 2023 Goods and services transferred at a point in time 91.2 % 88.1 % 100.0 % 100.0 % Goods and services transferred over time 8.8 % 11.9 % — — Revenue 100.0 % 100.0 % 100.0 % 100.0 % Retail Operations Product Manufacturing Nine Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 Goods and services transferred at a point in time 90.5 % 86.9 % 100.0 % 100.0 % Goods and services transferred over time 9.5 % 13.1 % — — Revenue 100.0 % 100.0 % 100.0 % 100.0 %
Summary of Maintenance, Repair, Storage, Rental, Charter Services and Parts and Accessories Revenue for Retail Operations by Location Type	The following table sets forth our maintenance, repair, storage, rental, charter services and parts and accessories revenue for our Retail Operations by location type. Three months ended Three months ended June 30, 2022 June 30, 2023 (Amounts in thousands) Marina/storage locations $ 50,514 $ 79,793 Locations without marina/storage 21,310 22,537 Maintenance, repair, storage, rental, charter services, parts and accessories revenue $ 71,824 $ 102,330 Nine months ended Nine months ended June 30, 2022 June 30, 2023 (Amounts in thousands) Marina/storage locations $ 107,843 $ 206,249 Locations without marina/storage 76,495 84,759 Maintenance, repair, storage, rental, charter services, parts and accessories revenue $ 184,338 $ 291,008
Product Concentration Risk [Member] | Sales [Member]
Disaggregation of Revenue [Line Items]
Summary of Revenue Disaggregated Into Categories Depict the Nature, Amount, Timing, and Uncertainty of Revenue and Cash Flows Affected by Economic Factor	The following tables set forth our revenue disaggregated into categories that depict the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors. Three months ended June 30, 2022 Three months ended June 30, 2023 Retail Operations Product Manufacturing Total Retail Operations Product Manufacturing Total New boat sales 72.3 % 94.8 % 73.5 % 69.3 % 93.1 % 70.8 % Used boat sales 8.0 % 3.7 % 7.6 % 8.1 % 5.3 % 7.7 % Maintenance, repair, storage, rental, and charter services 7.2 % — 6.9 % 10.4 % — 9.9 % Finance and insurance products 3.2 % — 3.1 % 2.9 % — 2.8 % Parts and accessories 3.8 % 0.8 % 3.6 % 4.5 % 0.9 % 4.2 % Brokerage sales 5.5 % 0.7 % 5.3 % 4.8 % 0.7 % 4.6 % Revenue 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Nine months ended June 30, 2022 Nine months ended June 30, 2023 Retail Operations Product Manufacturing Total Retail Operations Product Manufacturing Total New boat sales 72.3 % 96.2 % 73.5 % 68.5 % 95.6 % 69.9 % Used boat sales 7.9 % 2.7 % 7.5 % 7.0 % 3.1 % 6.6 % Maintenance, repair, storage, rental, and charter services 7.6 % — 7.3 % 12.0 % — 11.5 % Finance and insurance products 3.1 % — 3.0 % 2.9 % — 2.8 % Parts and accessories 3.3 % 0.7 % 3.1 % 5.0 % 0.6 % 4.8 % Brokerage sales 5.8 % 0.4 % 5.6 % 4.6 % 0.7 % 4.4 % Revenue 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Summary of Maturities of Lease Liabilities by Fiscal Year	As of June 30, 2023, maturities of lease liabilities by fiscal year are summarized as follows: (Amounts in thousands) 2023 (remaining) $ 3,486 2024 16,860 2025 14,241 2026 13,385 2027 12,944 Thereafter 269,512 Total lease payments 330,428 Less: interest ( 200,702 ) Present value of lease liabilities $ 129,726
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Nine Months Ended June 30, 2022 2023 (Amounts in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 12,128 $ 13,088 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 4,143 $ 35,941
Summary of Operating Lease Income and Other Income	The following table summarizes the amount of operating lease income and other income included in total revenues in the accompanying unaudited condensed consolidated statements of operations: Nine Months Ended June 30, 2022 2023 (Amounts in thousands) Operating leases: Operating lease income $ 964 $ 6,857 Variable lease income $ 632 $ 470 Total rental income $ 1,596 $ 7,327
Summary of Future Minimum Payments Received	As of June 30, 2023, future minimum payments to be received during the next five years and thereafter are as follows: (Amounts in thousands) 2023 (remaining) $ 2,284 2024 8,002 2025 5,307 2026 3,889 2027 2,866 Thereafter 1,166 Total lease payments $ 23,514

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consisted of the following as of: September 30, 2022 June 30, 2023 (Amounts in thousands) New and used boats, motors, and trailers $ 272,422 $ 558,144 In transit inventory and deposits 117,268 106,228 Parts, accessories, and other 17,143 20,268 Work-in-process 21,691 25,281 Raw materials 25,835 29,193 Inventories $ 454,359 $ 739,114

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed at Acquisition Date	The following table summarizes the consideration paid for IGY Marinas and the preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date. (Amounts in thousands) Consideration: Cash purchase price and net working capital adjustments, net of cash acquired of $ 28,075 $ 482,998 Contingent consideration arrangement 67,700 Noncontrolling interests in consolidated subsidiaries 2,208 Fair value of total consideration transferred $ 552,906 Recognized amounts of identifiable assets acquired and liabilities assumed: Net working capital, net of cash acquired of $ 28,075 ( 22,386 ) Property and equipment 240,190 Operating lease right-of-use assets 39,720 Intangible assets 30,446 Equity method investments 14,098 Other long-term assets 6,973 Operating lease liabilities ( 29,416 ) Other liabilities ( 1,301 ) Deferred tax liabilities, net ( 20,777 ) Total identifiable net assets acquired: 257,547 Goodwill $ 295,359 Total $ 552,906
Summary of Changes in Carrying Amount of Goodwill by Reportable Segment	The following table sets forth the changes in carrying amount of goodwill by reportable segment during the nine months ended June 30, 2023: Retail Operations Product Manufacturing Total (Amounts in thousands) Balance as of September 30, 2022 $ 166,551 $ 69,034 $ 235,585 Goodwill acquired 322,289 — $ 322,289 Foreign currency translation 4,403 — $ 4,403 Balance as of June 30, 2023 $ 493,243 $ 69,034 $ 562,277

Short-Term Borrowings and Lon_2

Short-Term Borrowings and Long-Term Debt (Tables)	9 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt	The below table summarizes the Company's long-term debt. September 30, 2022 June 30, 2023 (Amounts in thousands) Mortgage facility payable to Flagship Bank bearing interest at 7.25 % as of June 30, (prime minus 100 basis points with a floor of 2.00 %). Requires monthly principal 4.0 million due August 2027 . $ 6,403 $ 6,031 Mortgage facility payable to Seacoast National Bank bearing interest at 7.63 % as of (greater of 3.00% or prime minus 62.5 basis points ). Requires 6.0 million due September 2031 . 17,098 17,060 Mortgage facility payable to Hancock Whitney Bank bearing interest at 7.63 % as of (prime minus 62.5 basis points with a floor of 2.25 %). Requires 15.5 million due November 2027 . 50 % of the outstanding borrowings are hedged 3.20 %. 25,192 23,757 Revolving mortgage facility with FineMark National Bank & Trust bearing interest at 8.00 % as of June 30, 2023 (base minus 25 basis points with a floor of 3.00 %). October 2027 . Current available borrowings under the facility 23.2 million at June 30, 2023. — — Term loan payable to M&T Bank bearing interest at 6.67 % as of June 30, August 2027 . — 385,000 Loan payable to TRANSPORT S.a.s di Taula Vittorio & C. bearing interest 6.55 % as of June 30, 2023. Requires quarterly principal and interest payments. December 2030 . — 1,496 Total long-term debt 48,693 433,344 Less: current portion ( 2,882 ) ( 32,409 ) Less: unamortized portion of debt issuance costs ( 510 ) ( 1,706 ) Long-term debt, net current portion and unamortized debt issuance costs $ 45,301 $ 399,229

The Incentive Stock Plans (Tabl

The Incentive Stock Plans (Tables)	9 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Incentive Stock Plans Activity	The following table summarizes activity from our incentive stock plans from September 30, 2022 through June 30, 2023: Shares Options Outstanding Aggregate Value Weighted Weighted Balance as of September 30, 2022 1,536,094 62,750 $ 893 $ 17.62 2.3 Shares authorized 1,300,000 — — Options granted ( 5,000 ) 5,000 31.22 2.0 Options cancelled/forfeited/expired 10,000 ( 10,000 ) 7.48 Options exercised — ( 3,000 ) 13.06 Restricted stock awards granted ( 839,453 ) — — Restricted stock awards forfeited 50,325 — — Additional shares of stock issued ( 3,608 ) — — Balance as of June 30, 2023 2,048,358 54,750 $ 746 $ 20.96 2.7 Exercisable as of June 30, 2023 49,749 $ 740 $ 19.35 2.1

Employee Stock Purchase Plan (T

Employee Stock Purchase Plan (Tables)	9 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Weighted Average Assumptions of Employee Stock Purchase Plan	The following are the weighted average assumptions used for each respective period: Three Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % Risk-free interest rate 1.1 % 4.9 % 0.7 % 4.5 % Volatility 49.0 % 46.4 % 49.0 % 47.0 % Expected life Six Months Six Months Six Months Six Months

Restricted Stock Awards (Tables

Restricted Stock Awards (Tables)	9 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Restricted Stock Award Activity	The following table summarizes restricted stock award activity from September 30, 2022 through June 30, 2023: Shares/ Units Weighted Non-vested balance as of September 30, 2022 934,517 $ 35.23 Changes during the period: Awards granted 839,453 $ 32.15 Awards vested ( 149,764 ) $ 30.46 Awards forfeited ( 50,325 ) $ 31.98 Non-vested balance as of June 30, 2023 1,573,881 $ 34.14

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Basic and Diluted Net Income Per Share	The following table presents shares used in the calculation of basic and diluted net income per share: Three Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 Weighted average common shares outstanding used in 21,524,315 21,885,400 21,761,811 21,831,350 Effect of dilutive options and non-vested restricted stock 648,958 542,043 694,017 489,919 Weighted average common and common equivalent shares 22,173,273 22,427,443 22,455,828 22,321,269

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Summary of Revenue and Income from Operations of Reportable Segments	The following table sets forth revenue and income from operations for each of the Company’s reportable segments: Three Months Ended Nine Months Ended June 30, June 30, 2022 2023 2022 2023 (Amounts in thousands) (Amounts in thousands) Revenue: Retail Operations $ 657,930 $ 687,168 $ 1,690,172 $ 1,707,049 Product Manufacturing 48,802 51,884 129,804 164,959 Elimination of intersegment revenue ( 18,195 ) ( 17,208 ) ( 48,642 ) ( 71,897 ) Revenue $ 688,537 $ 721,844 $ 1,771,334 $ 1,800,111 Income from operations: Retail Operations $ 90,655 $ 68,050 $ 204,124 $ 158,514 Product Manufacturing 5,903 5,089 13,733 17,834 Intersegment adjustments ( 1,258 ) 1,442 ( 3,572 ) ( 9,862 ) Income from operations $ 95,300 $ 74,581 $ 214,285 $ 166,486

Company Background - Additional

Company Background - Additional Information (Detail)	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2023 Location	Jun. 30, 2022	Jun. 30, 2023 Location	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2023 RetailDealership	Oct. 31, 2022 Marina
Concentration Risk [Line Items]
Number of retail locations	125		125					78	59
Product Concentration Risk [Member] | Sales [Member]
Concentration Risk [Line Items]
Revenue percentage from sale of boats	100%	100%	100%	100%
Product Concentration Risk [Member] | Brunswick [Member] | Sales [Member]
Concentration Risk [Line Items]
Revenue percentage from sale of boats					23%
Product Concentration Risk [Member] | Brunswick Sea Ray Boat [Member] | Brunswick [Member] | Sales [Member]
Concentration Risk [Line Items]
Revenue percentage from sale of boats					11%
Product Concentration Risk [Member] | Brunswick Boston Whaler Boats [Member] | Brunswick [Member] | Sales [Member]
Concentration Risk [Line Items]
Revenue percentage from sale of boats					9%
Product Concentration Risk [Member] | Azimut Benetti Groups and Yachts | Sales [Member]
Concentration Risk [Line Items]
Revenue percentage from sale of boats					8%
Geographic Concentration Risk [Member] | Sales [Member] | Florida [Member]
Concentration Risk [Line Items]
Revenue percentage from sale of boats					51%	50%	54%

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail)	9 Months Ended
	Jun. 30, 2023 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Assets:
Interest rate swap contract	$ 1,358	$ 1,528
Liabilities:
Contingent consideration liabilities	88,628	15,207
Level 2 [Member]
Assets:
Interest rate swap contract	1,358	1,528
Level 3 [Member]
Liabilities:
Contingent consideration liabilities	$ 88,628	$ 15,207

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair value, assets, level 1 to level 2 transfers	$ 0	$ 0	$ 0	$ 0
Fair value, assets, level 2 to level 1 transfers	0	0	0	0
Fair value, assets, level 2 to level 3 transfers	0	0	0	0
Fair value, assets, level 3 to level 2 transfers	0	0	0	0
Fair value, assets, level 1 to level 3 transfers		0		0
Fair value, assets, level 3 to level 1 transfers	0		0
Fair value, liabilities, level 1 to level 2 transfers	0	0	0	0
Fair value, liabilities, level 2 to level 1 transfers	0	0	0	0
Fair value, liabilities, level 2 to level 3 transfers	0	0	0	0
Fair value, liabilities, level 3 to level 2 transfers	0	0	0	0
Fair value, liabilities, level 1 to level 3 transfers	0	0	0	0
Fair value, liabilities, level 3 to level 1 transfers	0	0	0	0
Reclassified out of accumulated other comprehensive income	0	$ 0	0	$ 0
Contingent consideration liabilities	$ 79,600,000		$ 79,600,000		$ 6,400,000

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Ranges for Significant Quantitative Unobservable Inputs Utilized in Fair Value Measurements (Details)	9 Months Ended
	Jun. 30, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount rate	11%
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net operating income projected growth rates	25%
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net operating income projected growth rates	23%

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Changes in Fair Value of Contingent Consideration Liabilities Which Reflect Level 3 Inputs (Details) - Contingent Consideration Liabilities [Member] - Level 3 [Member] - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 15,207	$ 12,364
Additions from business acquisitions	77,380	7,350
Settlement of contingent consideration liabilities	(7,400)	(3,000)
Change in fair value and net present value of contingency	3,441	375
Ending Balance	$ 88,628	$ 17,089

Fair Value Measurements - Sum_4

Fair Value Measurements - Summary of Carrying Value and Fair Value of Mortgage Facilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Fair Value [Member] | Mortgage Facility Payable to Flagship Bank [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Mortgage facility payable	$ 5,271	$ 6,355
Fair Value [Member] | Mortgage Facility Payable to Seacoast National Bank [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Mortgage facility payable	12,874	16,681
Fair Value [Member] | Mortgage Facility Payable to Hancock Whitney Bank [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Mortgage facility payable	20,708	24,977
Carrying Value [Member] | Mortgage Facility Payable to Flagship Bank [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Mortgage facility payable	6,031	6,403
Carrying Value [Member] | Mortgage Facility Payable to Seacoast National Bank [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Mortgage facility payable	17,060	17,098
Carrying Value [Member] | Mortgage Facility Payable to Hancock Whitney Bank [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Mortgage facility payable	$ 23,757	$ 25,192

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue remaining obligation description	As a practical expedient, because repair and maintenance service contracts have an original duration of one year or less, we do not consider the time value of money, and we do not disclose estimated revenue expected to be recognized in the future for performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period or when we expect to recognize such revenue.
Contract assets recorded in prepaid expenses and other current assets	$ 7	$ 5.9

Revenue Recognition - Summary o

Revenue Recognition - Summary of Percentage on Timing of Revenue Recognition (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Retail Operations [Member]
Disaggregation Of Revenue [Line Items]
Revenue	100%	100%	100%	100%
Product Manufacturing [Member]
Disaggregation Of Revenue [Line Items]
Revenue	100%	100%	100%	100%
Goods and Services Transferred at a Point in Time [Member] | Retail Operations [Member]
Disaggregation Of Revenue [Line Items]
Revenue	88.10%	91.20%	86.90%	90.50%
Goods and Services Transferred at a Point in Time [Member] | Product Manufacturing [Member]
Disaggregation Of Revenue [Line Items]
Revenue	100%	100%	100%	100%
Goods and Services Transferred Over Time [Member] | Retail Operations [Member]
Disaggregation Of Revenue [Line Items]
Revenue	11.90%	8.80%	13.10%	9.50%

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Revenue Disaggregated Into Categories Depict the Nature, Amount, Timing, and Uncertainty of Revenue and Cash Flows Affected by Economic Factor (Details) - Sales [Member] - Product Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	100%	100%	100%	100%
Retail Operations [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	100%	100%	100%	100%
Product Manufacturing [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	100%	100%	100%	100%
New Boat Sales [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	70.80%	73.50%	69.90%	73.50%
New Boat Sales [Member] | Retail Operations [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	69.30%	72.30%	68.50%	72.30%
New Boat Sales [Member] | Product Manufacturing [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	93.10%	94.80%	95.60%	96.20%
Used Boat Sales [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	7.70%	7.60%	6.60%	7.50%
Used Boat Sales [Member] | Retail Operations [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	8.10%	8%	7%	7.90%
Used Boat Sales [Member] | Product Manufacturing [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	5.30%	3.70%	3.10%	2.70%
Maintenance, Repair, Storage, Rental, and Charter Services [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	9.90%	6.90%	11.50%	7.30%
Maintenance, Repair, Storage, Rental, and Charter Services [Member] | Retail Operations [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	10.40%	7.20%	12%	7.60%
Finance and Insurance Products [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	2.80%	3.10%	2.80%	3%
Finance and Insurance Products [Member] | Retail Operations [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	2.90%	3.20%	2.90%	3.10%
Parts and Accessories [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	4.20%	3.60%	4.80%	3.10%
Parts and Accessories [Member] | Retail Operations [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	4.50%	3.80%	5%	3.30%
Parts and Accessories [Member] | Product Manufacturing [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	0.90%	0.80%	0.60%	0.70%
Brokerage Sales [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	4.60%	5.30%	4.40%	5.60%
Brokerage Sales [Member] | Retail Operations [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	4.80%	5.50%	4.60%	5.80%
Brokerage Sales [Member] | Product Manufacturing [Member]
Product Information [Line Items]
Sales Revenue Goods And Services Net Percentage	0.70%	0.70%	0.70%	0.40%

Revenue Recognition - Summary_3

Revenue Recognition - Summary of Maintenance, Repair, Storage, Rental, Charter Services and Parts and Accessories Revenue for Retail Operations by Location Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 721,844	$ 688,537	$ 1,800,111	$ 1,771,334
Retail Operations [Member] | Maintenance, Repair, Storage, Rental, Charter Services, Parts and Accessories Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue	102,330	71,824	291,008	184,338
Retail Operations [Member] | Maintenance, Repair, Storage, Rental, Charter Services, Parts and Accessories Revenue [Member] | Marina/Storage Locations [Member]
Disaggregation of Revenue [Line Items]
Revenue	79,793	50,514	206,249	107,843
Retail Operations [Member] | Maintenance, Repair, Storage, Rental, Charter Services, Parts and Accessories Revenue [Member] | Locations Without Marina/Storage [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 22,537	$ 21,310	$ 84,759	$ 76,495

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Weighted average remaining lease term (years)	22 years		22 years
Operating lease expense	$ 8.2	$ 6	$ 22.5	$ 17.6
Operating lease renewal term	25 years		25 years
Weighted average discount rate	6.40%		6.40%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities by Fiscal Year (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Operating Leases
2023 (remaining)	$ 3,486
2024	16,860
2025	14,241
2026	13,385
2027	12,944
Thereafter	269,512
Total lease payments	330,428
Less: interest	(200,702)
Present value of lease liabilities	$ 129,726

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 13,088	$ 12,128
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 35,941	$ 4,143

Leases - Summary of Operating L

Leases - Summary of Operating Lease Income and Other Income (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating leases:
Operating lease income	$ 6,857	$ 964
Variable lease income	470	632
Total rental income	$ 7,327	$ 1,596

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Payments Received (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
2023 (remaining)	$ 2,284
2024	8,002
2025	5,307
2026	3,889
2027	2,866
Thereafter	1,166
Total lease payments	$ 23,514

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Inventory [Line Items]
Inventories	$ 739,114	$ 454,359
Work-in-process	25,281	21,691
Raw materials	29,193	25,835
New and Used Boats, Motors, and Trailers [Member]
Inventory [Line Items]
Inventories	558,144	272,422
In Transit Inventory and Deposits [Member]
Inventory [Line Items]
Inventories	106,228	117,268
Parts, Accessories, and Other [Member]
Inventory [Line Items]
Inventories	$ 20,268	$ 17,143

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)			1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 01, 2022	Nov. 03, 2021	Oct. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Schedule Of Goodwill And Other Assets [Line Items]
Goodwill				$ 562,277,000		$ 562,277,000		$ 235,585,000
Goodwill and other intangible assets, net				603,200,000		603,200,000		246,500,000
Accounts receivable, net				95,018,000		95,018,000		50,287,000
Contract liabilities				97,785,000		97,785,000		144,427,000
Accrued expenses				118,576,000		118,576,000		89,402,000
Goodwill				562,277,000		562,277,000		235,585,000
Revenue				721,844,000	$ 688,537,000	1,800,111,000	$ 1,771,334,000
Income (Loss) before taxes				59,783,000	$ 94,292,000	128,924,000	211,986,000
Inventories				739,114,000		739,114,000		$ 454,359,000
Intrepid and Texas MasterCraft [Member]
Schedule Of Goodwill And Other Assets [Line Items]
Aggregate consideration		$ 67,200,000
Cash acquired		9,400,000
Estimated contingent consideration		6,000,000
Tangible assets acquired		20,300,000
Intangible assets		7,300,000
Goodwill		39,600,000
Goodwill		39,600,000
Texas MasterCraft [Member]
Schedule Of Goodwill And Other Assets [Line Items]
Goodwill		10,700,000
Goodwill		$ 10,700,000
IGY Marinas [Member]
Schedule Of Goodwill And Other Assets [Line Items]
Aggregate consideration	$ 552,906,000
Aggregate purchase price			$ 480,000,000
Maximum amount of consideration paid under earnout			100,000,000
Fair value of contingent consideration			$ 67,700,000
Cash acquired	28,075,000
Estimated contingent consideration	67,700,000
Intangible assets	30,446,000
Goodwill	295,359,000
Accounts receivable, net	4,500,000
Other current assets	4,100,000
Contract liabilities	13,300,000
Tax contingency reserves	8,000,000
Accrued expenses	6,600,000
Goodwill	295,359,000
Other identifiable intangibles	30,400,000
Goodwill expected to be deductible for tax purposes	$ 138,100,000
Revenue						91,100,000	78,300,000
Income (Loss) before taxes						17,000,000	$ 1,000,000
IGY Marinas [Member] | Related Party [Member]
Schedule Of Goodwill And Other Assets [Line Items]
Series of notes receivable				$ 6,400,000		$ 6,400,000
IGY Marinas [Member] | Customer Relationships [Member]
Schedule Of Goodwill And Other Assets [Line Items]
Weighted average useful life	4 years 6 months

Goodwill - Summary of Estimated

Goodwill - Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed at Acquisition Date (Details) - USD ($) $ in Thousands	Oct. 01, 2022	Jun. 30, 2023	Sep. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill		$ 562,277	$ 235,585
IGY Marinas [Member]
Consideration:
Cash purchase price and net working capital adjustments, net of cash acquired of $28,075	$ 482,998
Contingent consideration arrangement	67,700
Noncontrolling interests in consolidated subsidiaries	2,208
Fair value of total consideration transferred	552,906
Recognized amounts of identifiable assets acquired and liabilities assumed:
Net working capital, net of cash acquired of $28,075	(22,386)
Property and equipment	240,190
Operating lease right-of-use assets	39,720
Intangible assets	30,446
Equity method investments	14,098
Other long-term assets	6,973
Operating lease liabilities	(29,416)
Other liabilities	(1,301)
Deferred tax liabilities, net	(20,777)
Total identifiable net assets acquired:	257,547
Goodwill	295,359
Total	$ 552,906

Goodwill - Summary of Estimat_2

Goodwill - Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed at Acquisition Date (Parenthetical) (Details) - USD ($) $ in Thousands		9 Months Ended
	Oct. 01, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Cash purchase price and net working capital adjustments, net of cash acquired		$ 515,913	$ 70,885
IGY Marinas [Member]
Business Acquisition [Line Items]
Cash purchase price and net working capital adjustments, net of cash acquired	$ 28,075
Net working capital, net of cash acquired	$ 28,075

Goodwill - Summary of Changes i

Goodwill - Summary of Changes in Carrying Amount of Goodwill by Reportable Segment (Detail) $ in Thousands	9 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Line Items]
Beginning balance	$ 235,585
Goodwill acquired	322,289
Foreign currency translation	4,403
Ending balance	562,277
Retail Operations [Member]
Goodwill [Line Items]
Beginning balance	166,551
Goodwill acquired	322,289
Foreign currency translation	4,403
Ending balance	493,243
Product Manufacturing [Member]
Goodwill [Line Items]
Beginning balance	69,034
Ending balance	$ 69,034

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax provision	$ 15,455	$ 24,113	$ 34,685	$ 52,357
Effective income tax rate	25.90%	25.60%	26.90%	24.70%

Short-Term Borrowings and Lon_3

Short-Term Borrowings and Long-Term Debt - Additional Information (Detail) - USD ($)		1 Months Ended	9 Months Ended
	Aug. 31, 2022	Jul. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Line Of Credit Facility [Line Items]
Interest rate on floor plan facility			3.45%
Unamortized debt issuance costs			$ 1,600,000	$ 300,000
Additional borrowings			10,500,000
Mortgage Facility [Member]
Line Of Credit Facility [Line Items]
Long-term debt			$ 433,344,000		$ 48,693,000
Debt instrument interest rate			2.20%
Borrowing Base Amount and Aging Inventory [Member]
Line Of Credit Facility [Line Items]
Inventory and working capital needs			$ 515,600,000	$ 107,500,000
Interest rate on short-term borrowings			6.70%	4.20%
Revolving Credit Facility [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Debt instrument interest rate			1.50%
Revolving Credit Facility [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Debt instrument interest rate			2%
Term Loan Facility | Minimum [Member]
Line Of Credit Facility [Line Items]
Debt instrument interest rate			1.50%
Term Loan Facility | Maximum [Member]
Line Of Credit Facility [Line Items]
Debt instrument interest rate			2%
Credit Facility [Member]
Line Of Credit Facility [Line Items]
Additional extension for two one-year periods		Jul. 31, 2024	Jul. 31, 2024
Line of Credit Facility, Description			we amended the Credit Facility to increase the borrowing availability to $500 million, extend the term to expire by one year to July 2024, with two one-year options to renew, subject to lender approval, and modify certain provisions to provide additional liquidity to the Company.
Line of credit facility, term		1 year
Credit Facility [Member] | Borrowing Base Amount and Aging Inventory [Member]
Line Of Credit Facility [Line Items]
Amount of borrowing availability		$ 500,000,000
Line of Credit Facility, Description			The Credit Facility was set to expire in July 2024, subject to extension for two one-year periods, with lender approval.
New Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Amount of borrowing availability	$ 750,000,000
Credit facility interest rate description			The interest rate is (a) for amounts outstanding under the Floor Plan, 3.45% above the one month secured term rate as administered by the CME Group Benchmark Administration Limited (CBA) (“SOFR”), (b) for amounts outstanding under the revolving credit facility or the term loan facility, a range of 1.50% to 2.0%, depending on the total net leverage ratio, above the one month, three month, or six month term SOFR rate, and (c) for amounts outstanding under the mortgage loan facility, 2.20% above the one month, three month, or six month term SOFR rate. The alternate base rate with a margin is available for amounts outstanding under the revolving credit, term, and mortgage loan facilities and the Euro Interbank Offered Rate plus a margin is available for borrowings in Euro or other currencies other than dollars under the revolving credit facility.
Leverage ratio			3.35%
Debt instrument, covenant compliance			The covenants include provisions that our leverage ratio must not exceed 3.35 to 1.0 and that our consolidated fixed charge coverage ratio must be greater than 1.10 to 1.0. As of June 30, 2023, we were in compliance with all covenants under the New Credit Agreement. The New Credit Agreement is secured by the Company’s personal property assets, including inventory and related accounts receivable. The mortgage loans will also be secured by the real estate pledged as collateral for such loans.
New Credit Agreement [Member] | Delayed Draw Term Loan Facility
Line Of Credit Facility [Line Items]
Long-term debt maturity	2027-08
New Credit Agreement [Member] | Delayed Draw Mortgage Loan Facility [Member]
Line Of Credit Facility [Line Items]
Long-term debt	$ 100,000,000
Long-term debt maturity	2027-08
New Credit Agreement [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Fixed coverage ratio			110
New Credit Agreement [Member] | Maximum [Member] | Delayed Draw Term Loan Facility
Line Of Credit Facility [Line Items]
Long-term debt	$ 400,000,000
New Credit Agreement [Member] | Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Amount of borrowing availability	100,000,000
Swingline facility	20,000,000
Letter of credit sublimit amount	$ 20,000,000

Short-Term Borrowings and Lon_4

Short-Term Borrowings and Long-Term Debt - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Less: current portion	$ (32,409)	$ (2,882)
Less: unamortized portion of debt issuance costs	(1,706)	(510)
Long-term debt, net current portion and unamortized debt issuance costs	399,229	45,301
Mortgage Facility [Member]
Debt Instrument [Line Items]
Long-term debt	433,344	48,693
Mortgage Facility [Member] | Mortgage Facility Payable to Flagship Bank [Member]
Debt Instrument [Line Items]
Long-term debt	6,031	6,403
Mortgage Facility [Member] | Mortgage Facility Payable to Seacoast National Bank [Member]
Debt Instrument [Line Items]
Long-term debt	17,060	17,098
Mortgage Facility [Member] | Mortgage facility payable to Hancock Whitney Bank [Member]
Debt Instrument [Line Items]
Long-term debt	23,757	$ 25,192
Term Loan [Member] | Term loan payable to M&T Bank [Member]
Debt Instrument [Line Items]
Long-term debt	385,000
Term Loan [Member] | Loan payable to TRANSPORT S.a.s di Taula Vittorio and C. [Member]
Debt Instrument [Line Items]
Long-term debt	$ 1,496

Short-Term Borrowings and Lon_5

Short-Term Borrowings and Long-Term Debt - Schedule of Long-Term Debt (Parenthetical) (Detail) $ in Millions	9 Months Ended
	Jun. 30, 2023 USD ($)
Mortgage Facility [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	2.20%
Mortgage Facility [Member] | Mortgage Facility Payable to Flagship Bank [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	7.25%
Debt instrument basis percentage	1%
Principal and interest payments with a balloon payment	$ 4
Additional extension for two one-year periods	Aug. 31, 2027
Mortgage Facility [Member] | Mortgage Facility Payable to Flagship Bank [Member] | Interest Rate Prime [Member]
Debt Instrument [Line Items]
Debt instrument description of variable rate basis	(prime minus 100 basis points with a floor of 2.00
Mortgage Facility [Member] | Mortgage Facility Payable to Flagship Bank [Member] | Interest Rate Floor [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	2%
Mortgage Facility [Member] | Mortgage Facility Payable to Seacoast National Bank [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	7.63%
Debt instrument basis percentage	0.625%
Principal and interest payments with a balloon payment	$ 6
Additional extension for two one-year periods	Sep. 30, 2031
Mortgage Facility [Member] | Mortgage Facility Payable to Seacoast National Bank [Member] | Interest Rate Prime [Member]
Debt Instrument [Line Items]
Debt instrument description of variable rate basis	(greater of 3.00% or prime minus 62.5 basis points
Mortgage Facility [Member] | Mortgage facility payable to Hancock Whitney Bank [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	7.63%
Debt instrument basis percentage	0.625%
Principal and interest payments with a balloon payment	$ 15.5
Additional extension for two one-year periods	Nov. 30, 2027
Percentage of outstanding borrowings hedged	50%
Fixed interest rate	3.20%
Mortgage Facility [Member] | Mortgage facility payable to Hancock Whitney Bank [Member] | Interest Rate Prime [Member]
Debt Instrument [Line Items]
Debt instrument description of variable rate basis	(prime minus 62.5 basis points with a floor of 2.25
Mortgage Facility [Member] | Mortgage facility payable to Hancock Whitney Bank [Member] | Interest Rate Floor [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	2.25%
Mortgage Facility [Member] | Revolving mortgage facility with FineMark National Bank & Trust [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	8%
Debt instrument basis percentage	0.25%
Additional extension for two one-year periods	Oct. 31, 2027
Current available borrowings	$ 23.2
Mortgage Facility [Member] | Revolving mortgage facility with FineMark National Bank & Trust [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument description of variable rate basis	(base minus 25 basis points with a floor of 3.00
Mortgage Facility [Member] | Revolving mortgage facility with FineMark National Bank & Trust [Member] | Interest Rate Floor [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	3%
Term Loan [Member] | Term Loan Payable to M&T Bank [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	6.67%
Additional extension for two one-year periods	Aug. 31, 2027
Term Loan [Member] | Loan Payable to TRANSPORT S.a.s di Taula Vittorio & C [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	6.55%
Additional extension for two one-year periods	Dec. 31, 2030

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	$ 1,100	$ 1,000	$ 2,352	$ 2,124
Selling, General, and Administrative Expenses [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense, approximately	$ 5,500	$ 3,900	$ 15,700	$ 11,100

The Incentive Stock Plans - Add

The Incentive Stock Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Feb. 28, 2023	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted			5,000	0
Weighted average grant fair value of options granted		$ 15.53	$ 15.53
Total intrinsic value of options exercised			$ 0.1	$ 1.1
Incentive Stock Plan 2021 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Increase in total number of available shares	1,300,000
Expiration of Plan 2021			2032-02
Contractual term of plan 2021			10 years
Incentive Stock Plan 2021 [Member] | Subject To Award [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, shares authorized		2,300,000	2,300,000
Incentive Stock Plan 2007 or 2011 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Common stock shares available		545,729	545,729

The Incentive Stock Plans - Sum

The Incentive Stock Plans - Summary of Activity from Incentive Stock Plans (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted, Options Outstanding	5,000	0
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Available for Grant, Beginning Balance	1,536,094
Shares authorized, Shares Available for Grant	1,300,000
Options granted, Shares Available for Grant	(5,000)
Options cancelled/forfeited/expired, Shares Available for Grant	10,000
Restricted stock awards granted, Shares Available for Grant	(839,453)
Restricted stock awards forfeited, Shares Available for Grant	50,325
Additional shares of stock issued, Shares Available for Grant	(3,608)
Shares Available for Grant, Ending Balance	2,048,358		1,536,094
Options Outstanding, Beginning Balance	62,750
Options granted, Options Outstanding	5,000
Options cancelled/forfeited/expired, Options Outstanding	(10,000)
Options exercised, Options Outstanding	(3,000)
Options Outstanding, Ending Balance	54,750		62,750
Exercisable as of March 31, 2023, Options Outstanding	49,749
Aggregate Intrinsic Value	$ 746		$ 893
Exercisable as of March 31, 2023, Aggregate Intrinsic Value	$ 740
Weighted Average Exercise Price, Beginning Balance	$ 17.62
Options granted, Weighted Average Exercise Price	31.22
Options cancelled/forfeited/expired, Weighted Average Exercise Price	7.48
Options exercised, Weighted Average Exercise Price	13.06
Weighted Average Exercise Price, Ending Balance	20.96		$ 17.62
Exercisable as of March 31, 2023, Weighted Average Exercise Price	$ 19.35
Weighted Average Remaining Contractual Life	2 years 8 months 12 days		2 years 3 months 18 days
Options granted, Weighted Average Remaining Contractual Life	2 years
Exercisable as of March 31, 2023, Weighted Average Remaining Contractual Life	2 years 1 month 6 days

Employee Stock Purchase Plan -

Employee Stock Purchase Plan - Additional Information (Detail) - USD ($)	1 Months Ended	9 Months Ended
	Feb. 28, 2019	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, shares issued		29,171,101		28,939,846
Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional common shares authorized	500,000
Common stock available for issuance			1,500,000
Stock Purchase Plan, requisite continuous service		1 year
Annual offerings description		implementation of annual offerings beginning on the first day of October in each of the years 2008 through 2027, with each offering terminating on September 30 of the following year.
Closing price of common stock on the first and last day of the offering		85%
Percentage not exceeding to periodic payment of purchase price		10%
Maximum common stock value purchased by participant annually		$ 25,000
Common stock, shares issued		1,284,679
1998 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional Common Shares Authorized		52,837

Employee Stock Purchase Plan _2

Employee Stock Purchase Plan - Weighted Average Assumptions of Employee Stock Purchase Plan (Detail) - Stock Purchase Plan [Member]	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend yield	0%	0%	0%	0%
Risk-free interest rate	4.90%	1.10%	4.50%	0.70%
Volatility	46.40%	49%	47%	49%
Expected life	6 months	6 months	6 months	6 months

Restricted Stock Awards - Addit

Restricted Stock Awards - Additional Information (Detail) - Restricted Stock Awards [Member] $ in Millions	9 Months Ended
	Jun. 30, 2023 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested restricted stock awards	$ 30
Weighted average period unrecognized compensation costs related to non-vested restricted awards are expected to be recognized	2 years 1 month 6 days
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting periods of restricted stock award	2 years
Percentage of actual amount of award earned based on actual specified performance target met	0%
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting periods of restricted stock award	4 years
Percentage of actual amount of award earned based on actual specified performance target met	175%

Restricted Stock Awards - Restr

Restricted Stock Awards - Restricted Stock Award Activity (Detail) - Restricted Stock Awards [Member]	9 Months Ended
	Jun. 30, 2023 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/ Units, Non-vested beginning balance | shares	934,517
Shares/ Units, Awards granted | shares	839,453
Shares/ Units, Awards vested | shares	(149,764)
Shares/ Units, Awards forfeited | shares	(50,325)
Shares/ Units, Non-vested ending balance | shares	1,573,881
Weighted Average Grant Date Fair Value, Non-vested beginning balance | $ / shares	$ 35.23
Weighted Average Grant Date Fair Value, Awards granted | $ / shares	32.15
Weighted Average Grant Date Fair Value, Awards vested | $ / shares	30.46
Weighted Average Grant Date Fair Value, Awards forfeited | $ / shares	31.98
Weighted Average Grant Date Fair Value, Non-vested ending balance | $ / shares	$ 34.14

Net Income Per Share - Basic an

Net Income Per Share - Basic and Diluted Net Income Per Share (Detail) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Weighted average common shares outstanding used in calculating basic net income per share	21,885,400	21,524,315	21,831,350	21,761,811
Effect of dilutive options and non-vested restricted stock awards	542,043	648,958	489,919	694,017
Weighted average common and common equivalent shares used in calculating diluted net income per share	22,427,443	22,173,273	22,321,269	22,455,828

Net Income Per Share - Addition

Net Income Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from earnings per share calculation	11,089	89,518	12,639	71,455

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Jun. 30, 2023 ft Segment
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	2
Number of operating segments | Segment	2
Minimum [Member]
Segment Reporting Information [Line Items]
Number of models producing premium yachts | ft	33
Maximum [Member]
Segment Reporting Information [Line Items]
Number of models producing premium yachts | ft	60

Segment Information - Summary o

Segment Information - Summary of Revenue and Income from Operations of Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue:
Revenue	$ 721,844	$ 688,537	$ 1,800,111	$ 1,771,334
Income from operations:
Income from operations	74,581	95,300	166,486	214,285
Operating Segments [Member] | Retail Operations [Member]
Revenue:
Revenue	687,168	657,930	1,707,049	1,690,172
Income from operations:
Income from operations	68,050	90,655	158,514	204,124
Operating Segments [Member] | Product Manufacturing [Member]
Revenue:
Revenue	51,884	48,802	164,959	129,804
Income from operations:
Income from operations	5,089	5,903	17,834	13,733
Intersegment adjustments [Member]
Revenue:
Revenue	(17,208)	(18,195)	(71,897)	(48,642)
Income from operations:
Income from operations	$ 1,442	$ (1,258)	$ (9,862)	$ (3,572)

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Subsequent Event [Member] $ in Millions	Jul. 12, 2023 USD ($)
Minimum [Member]
Subsequent Event [Line Items]
Credit facility amount	$ 750
Maximum [Member]
Subsequent Event [Line Items]
Credit facility amount	$ 950