1.\u00a0\u00a0COMPANY BACKGROUND AND BASIS OF PRESENTATION:
\nWe believe we are the largest recreational boat and yacht retailer and superyacht services company in the world. We engage primarily in the retail sale, brokerage, and service of new and used boats, motors, trailers, marine parts and accessories and offer slip and storage accommodations in certain locations. In addition, we arrange related boat financing, insurance, and extended service contracts. We also offer the charter of power yachts in the British Virgin Islands. As of September 30, 2021, we operated through 77 retail locations in 21 states, consisting of Alabama, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington, and Wisconsin. Our MarineMax Vacations operation maintains a facility in Tortola, British Virgin Islands. We also own Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies with operations in multiple countries. Cruisers Yachts, a wholly-owned MarineMax subsidiary, manufactures sport yacht and yachts with sales through our select retail dealership locations and through independent dealers.
\nWe are the largest retailer of Sea Ray and Boston Whaler recreational boats which are manufactured by Brunswick Corporation (\u201cBrunswick\u201d). Sales of new Brunswick boats accounted for approximately 27% of our revenue in fiscal 2021. Sales of new Sea Ray and Boston Whaler boats, both divisions of Brunswick, accounted for approximately 11% and 13%, respectively, of our revenue in fiscal 2021. Brunswick is a world leading manufacturer of marine products and marine engines.
\nWe 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\u2019s product line for Azimut and Benetti yachts and mega yachts. These agreements allow us to purchase, stock, sell, and service these manufacturers\u2019 boats and products. These agreements also allow us to use these manufacturers\u2019 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 10% of our revenue in fiscal 2021. 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.
\nFrom March 2020 through June 2020, we temporarily closed certain departments or locations based on guidance from local government or health officials as a result of the COVID-19 pandemic. We are following guidelines to ensure we are safely operating as recommended. As the COVID-19 pandemic is complex and evolving rapidly with many unknowns, the Company will continue to monitor ongoing developments and respond accordingly. Management expects its business, across all of its geographies, will be impacted to some degree, but the significance of the impact of the COVID-19 pandemic on the Company\u2019s business and the duration for which it may have an impact cannot be determined at this time.
\nAs 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 affect operating results adversely.
\nGeneral 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%, 54% and 50% of our revenue during fiscal 2019, 2020, and 2021, respectively, can have a major impact on our operations. Local influences, such as corporate downsizing, military base closings, inclement weather such as Hurricane Sandy in 2012 or Hurricanes Harvey and Irma in 2017, 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.
\nIn 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.
\nHistorically, 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.
\nIn 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.
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\nCash and Cash Equivalents
\nWe consider all highly liquid investments with an original maturity of three months or less to be cash equivalents.
\nVendor Consideration Received
\nWe classify interest assistance received from manufacturers as a reduction of inventory cost and related cost of sales. Amounts received by us under our co-op assistance programs from our manufacturers are netted against related advertising expenses. Our consideration received from our vendors contains uncertainties because the calculation requires management to make assumptions and to apply judgment regarding a number of factors, including our ability to collect amounts due from vendors and the ability to meet certain criteria stipulated by our vendors. 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 our vendor considerations which would result in a material effect on our operating results.
\nInventories
\nInventories 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, 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 our valuation allowance which would result in a material effect on our operating results. As of September 30, 2020 and 2021, our valuation allowance for new and used boat, motor and trailer inventories was $2.4 million and $0.4 million, respectively. If events occur and market conditions change, causing the fair value to fall below carrying value, the valuation allowance could increase.
\nProperty and Equipment
\nWe record property and equipment at cost, net of accumulated depreciation, and depreciate property and equipment over their estimated useful lives using the straight-line method. We capitalize and amortize leasehold improvements over the lesser of the life of the lease or the estimated useful life of the asset. Useful lives for purposes of computing depreciation are as follows:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n Years | \n
| \n Buildings and improvements | \n\n \u00a0 | \n\n 5-40 | \n
| \n Machinery and equipment | \n\n \u00a0 | \n\n 3-10 | \n
| \n Furniture and fixtures | \n\n \u00a0 | \n\n 5-10 | \n
| \n Vehicles | \n\n \u00a0 | \n\n 3-5 | \n
\u00a0
\nWe remove the cost of property and equipment sold or retired and the related accumulated depreciation from the accounts at the time of disposition and include any resulting gain or loss in the accompanying Consolidated Statements of Operations. We charge maintenance, repairs, and minor replacements to operations as incurred, and we capitalize and amortize major replacements and improvements over their useful lives.
\nGoodwill
\nWe account for acquisitions in accordance with Financial Accounting Standards Board (\u201cFASB\u201d) Accounting Standards Codification (\u201cASC\u201d) 805, \u201cBusiness Combinations\u201d (\u201cASC 805\u201d), and goodwill in accordance with ASC 350, \u201cIntangibles \u2014 Goodwill and Other\u201d (\u201cASC 350\u201d). 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 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\u2019s goodwill exceeds its fair value we recognize an impairment loss in accordance with ASC 350. Based upon our most recent analysis, we determined through our qualitative assessment that it is not \u201cmore likely than not\u201d that the fair values of our reporting units are less than their carrying values. As a result, we were not required to perform a quantitative goodwill impairment test.
\nImpairment of Long-Lived Assets
\nFASB ASC 360-10-40, \u201cProperty, Plant, and Equipment \u2014 Impairment or Disposal of Long-Lived Assets\u201d (\u201cASC 360-10-40\u201d), requires that long-lived assets, such as property and equipment and purchased intangibles subject to amortization, be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of the asset (or asset group) is measured by comparison of its carrying amount to undiscounted future net cash flows the asset (or asset group) is expected to generate over the remaining life of the asset (or asset group). If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the asset (or asset group) exceeds its fair market value. Estimates of expected future cash flows represent our best estimate based on currently available information and reasonable and supportable assumptions. Our impairment loss calculations contain uncertainties because they require us to make assumptions and to apply judgment in order to estimate expected future cash flows. Any impairment recognized in accordance with ASC 360-10-40 is permanent and may not be restored. Based upon our most recent analysis, we believe no impairment of long-lived assets existed as of September 30, 2021.
\nInsurance
\nWe retain varying levels of risk relating to the insurance policies we maintain, most significantly, workers\u2019 compensation insurance and employee medical benefits. We are responsible for the claims and losses incurred under these programs, limited by per occurrence deductibles and paid claims or losses up to pre-determined maximum exposure limits. Our third-party insurance carriers pay any losses above the pre-determined exposure limits. We estimate our liability for incurred but not reported losses using our historical loss experience, our judgment, and industry information.
\nRevenue Recognition
\nThe 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.
\nWe do not directly finance our customers\u2019 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 consolidated financial statements taken as a whole as of September 30, 2020 and 2021, 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 variable consideration from marketing fees earned on insurance products sold by 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.
\nWe 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 $2.6 million and $5.7 million as of September 30, 2020 and September 30, 2021, respectively.
\nWe recognize revenue from the sale of our manufactured yachts when control of the yacht is transferred to the dealer, which is generally upon acceptance by the dealer. At the time of acceptance, the dealer is able to direct the use of, and obtain substantially all of the benefits of the yacht. We have elected to record shipping and handling activities that occur after the dealer has obtained control of the yacht as a fulfillment activity.
\nContract liabilities primarily consist of customer deposits. We recognize contract liabilities (customer deposits) as revenue at the time of acceptance and the transfer of control to the customers. Total contract liabilities of approximately $24.3 million recorded as of September 30, 2019 were recognized in revenue during the fiscal year ended September 30, 2020. Total contract liabilities of approximately $31.8 million recorded as of September 30, 2020 were recognized in revenue during the fiscal year ended September 30, 2021.
\nWe recognize deferred 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 income 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.
\nThe following table sets forth percentages on the timing of revenue recognition by reportable segment for the fiscal years ended September 30,
\n| \n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n||||||||||||||||||
| \n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||||||
| \n Goods and services transferred at a point in time | \n\n \u00a0 | \n\n 90.8 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 92.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 91.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
| \n Goods and services transferred over time | \n\n \u00a0 | \n\n 9.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.3 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 8.4 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n Revenue | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
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 for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.3 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.5 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 11.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 10.9 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.1 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.2 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 5.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 5.6 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
\n\u00a0
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.2 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 15.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 15.1 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.4 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.4 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.0 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.1 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 14.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 14.9 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.9 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.6 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 1.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1.9 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
\n\u00a0
\nStock-Based Compensation
\nWe account for our stock-based compensation plans following the provisions of FASB ASC 718, \u201cCompensation\u00a0\u2014 Stock Compensation\u201d (\u201cASC 718\u201d). In accordance with ASC 718, we use the Black-Scholes valuation model for estimating the fair value of stock option grants and shares purchased under our Employee Stock Purchase Plan. We measure compensation for restricted stock awards and restricted stock units 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 on the grant date. We recognize compensation cost for all awards in operations, net of estimated forfeitures, on a straight-line basis over the requisite service period for each separately vesting portion of the award.
\nForeign Currency Transactions
\nFor the Company\u2019s foreign subsidiaries that use a currency other than the U.S. dollar as their functional currency, the assets and liabilities are translated at exchange rates in effect at the balance sheet date, and revenues and expenses are translated at the weighted average exchange rate for the period. The effects of these translation adjustments are reported in accumulated other comprehensive income. Gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved are included in operating income. No amounts were reclassified out of accumulated other comprehensive income in fiscal 2021.
\nAdvertising and Promotional Cost
\nWe expense advertising and promotional costs as incurred and include them in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations. We net amounts received by us under our co-op assistance programs from our manufacturers against the related advertising expenses. Total advertising and promotional expenses approximated $18.8 million, $14.0 million and $14.8\u00a0million, net of related co-op assistance, which was not material to the consolidated financial statements, for the fiscal years ended September\u00a030, 2019, 2020, and 2021, respectively.
\nIncome Taxes
\nWe account for income taxes in accordance with FASB ASC 740, \u201cIncome Taxes\u201d (\u201cASC 740\u201d). 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
\nsettled. 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.
\nConcentrations of Credit Risk
\nFinancial instruments, which potentially subject us to concentrations of credit risk, consist principally of cash and cash equivalents and accounts receivable. Concentrations of credit risk with respect to our cash and cash equivalents are limited primarily to amounts held with financial institutions. Concentrations of credit risk arising from our receivables are limited primarily to amounts due from manufacturers and financial institutions.
\nUse of Estimates and Assumptions
\nThe preparation of 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 at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates made by us in the accompanying consolidated financial statements include valuation allowances, valuation of goodwill and intangible assets, valuation of long-lived assets, valuation of contingent consideration liabilities, and valuation of accruals. Actual results could differ materially from those estimates.
\nSegment Reporting
\nEffective May 2, 2021, our reportable segments changed as a result of the Company\u2019s acquisition of Cruisers Yachts, which changed management\u2019s reporting structure and operating activities. We now report our operations through two new reportable segments: Retail Operations and Product Manufacturing. The change in reportable segments had no impact on the Company\u2019s 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 21.
\n\u00a0
"}]},{"name":"rpt:f-393","factDimensions":{"xbrl:concept":"us-gaap:CashAndCashEquivalentsPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nCash and Cash Equivalents
\nWe consider all highly liquid investments with an original maturity of three months or less to be cash equivalents.
"}]},{"name":"rpt:f-394","factDimensions":{"xbrl:concept":"hzo:RevenueRecognitionVendorConsiderationPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nVendor Consideration Received
\nWe classify interest assistance received from manufacturers as a reduction of inventory cost and related cost of sales. Amounts received by us under our co-op assistance programs from our manufacturers are netted against related advertising expenses. Our consideration received from our vendors contains uncertainties because the calculation requires management to make assumptions and to apply judgment regarding a number of factors, including our ability to collect amounts due from vendors and the ability to meet certain criteria stipulated by our vendors. 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 our vendor considerations which would result in a material effect on our operating results.
"}]},{"name":"rpt:f-395","factDimensions":{"xbrl:concept":"us-gaap:InventoryPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nInventories
\nInventories 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, 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 our valuation allowance which would result in a material effect on our operating results. As of September 30, 2020 and 2021, our valuation allowance for new and used boat, motor and trailer inventories was $2.4 million and $0.4 million, respectively. If events occur and market conditions change, causing the fair value to fall below carrying value, the valuation allowance could increase.
"}]},{"name":"rpt:f-396","factDimensions":{"xbrl:concept":"us-gaap:InventoryValuationReserves","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"2400000","decimals":-5}]},{"name":"rpt:f-397","factDimensions":{"xbrl:concept":"us-gaap:InventoryValuationReserves","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"400000","decimals":-5}]},{"name":"rpt:f-398","factDimensions":{"xbrl:concept":"us-gaap:PropertyPlantAndEquipmentPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nProperty and Equipment
\nWe record property and equipment at cost, net of accumulated depreciation, and depreciate property and equipment over their estimated useful lives using the straight-line method. We capitalize and amortize leasehold improvements over the lesser of the life of the lease or the estimated useful life of the asset. Useful lives for purposes of computing depreciation are as follows:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n Years | \n
| \n Buildings and improvements | \n\n \u00a0 | \n\n 5-40 | \n
| \n Machinery and equipment | \n\n \u00a0 | \n\n 3-10 | \n
| \n Furniture and fixtures | \n\n \u00a0 | \n\n 5-10 | \n
| \n Vehicles | \n\n \u00a0 | \n\n 3-5 | \n
\u00a0
\nWe remove the cost of property and equipment sold or retired and the related accumulated depreciation from the accounts at the time of disposition and include any resulting gain or loss in the accompanying Consolidated Statements of Operations. We charge maintenance, repairs, and minor replacements to operations as incurred, and we capitalize and amortize major replacements and improvements over their useful lives.
"}]},{"name":"rpt:f-399","factDimensions":{"xbrl:concept":"us-gaap:PropertyPlantAndEquipmentTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"Useful lives for purposes of computing depreciation are as follows:\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n Years | \n
| \n Buildings and improvements | \n\n \u00a0 | \n\n 5-40 | \n
| \n Machinery and equipment | \n\n \u00a0 | \n\n 3-10 | \n
| \n Furniture and fixtures | \n\n \u00a0 | \n\n 5-10 | \n
| \n Vehicles | \n\n \u00a0 | \n\n 3-5 | \n
Goodwill
\nWe account for acquisitions in accordance with Financial Accounting Standards Board (\u201cFASB\u201d) Accounting Standards Codification (\u201cASC\u201d) 805, \u201cBusiness Combinations\u201d (\u201cASC 805\u201d), and goodwill in accordance with ASC 350, \u201cIntangibles \u2014 Goodwill and Other\u201d (\u201cASC 350\u201d). 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 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\u2019s goodwill exceeds its fair value we recognize an impairment loss in accordance with ASC 350. Based upon our most recent analysis, we determined through our qualitative assessment that it is not \u201cmore likely than not\u201d that the fair values of our reporting units are less than their carrying values. As a result, we were not required to perform a quantitative goodwill impairment test.
"}]},{"name":"rpt:f-401","factDimensions":{"xbrl:concept":"us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nImpairment of Long-Lived Assets
\nFASB ASC 360-10-40, \u201cProperty, Plant, and Equipment \u2014 Impairment or Disposal of Long-Lived Assets\u201d (\u201cASC 360-10-40\u201d), requires that long-lived assets, such as property and equipment and purchased intangibles subject to amortization, be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of the asset (or asset group) is measured by comparison of its carrying amount to undiscounted future net cash flows the asset (or asset group) is expected to generate over the remaining life of the asset (or asset group). If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the asset (or asset group) exceeds its fair market value. Estimates of expected future cash flows represent our best estimate based on currently available information and reasonable and supportable assumptions. Our impairment loss calculations contain uncertainties because they require us to make assumptions and to apply judgment in order to estimate expected future cash flows. Any impairment recognized in accordance with ASC 360-10-40 is permanent and may not be restored. Based upon our most recent analysis, we believe no impairment of long-lived assets existed as of September 30, 2021.
"}]},{"name":"rpt:f-402","factDimensions":{"xbrl:concept":"us-gaap:ImpairmentOfLongLivedAssetsHeldForUse","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"0"}]},{"name":"rpt:f-403","factDimensions":{"xbrl:concept":"hzo:InsurancePolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nInsurance
\nWe retain varying levels of risk relating to the insurance policies we maintain, most significantly, workers\u2019 compensation insurance and employee medical benefits. We are responsible for the claims and losses incurred under these programs, limited by per occurrence deductibles and paid claims or losses up to pre-determined maximum exposure limits. Our third-party insurance carriers pay any losses above the pre-determined exposure limits. We estimate our liability for incurred but not reported losses using our historical loss experience, our judgment, and industry information.
"}]},{"name":"rpt:f-404","factDimensions":{"xbrl:concept":"us-gaap:RevenueRecognitionPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nRevenue Recognition
\nThe 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.
\nWe do not directly finance our customers\u2019 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 consolidated financial statements taken as a whole as of September 30, 2020 and 2021, 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 variable consideration from marketing fees earned on insurance products sold by 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.
\nWe 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 $2.6 million and $5.7 million as of September 30, 2020 and September 30, 2021, respectively.
\nWe recognize revenue from the sale of our manufactured yachts when control of the yacht is transferred to the dealer, which is generally upon acceptance by the dealer. At the time of acceptance, the dealer is able to direct the use of, and obtain substantially all of the benefits of the yacht. We have elected to record shipping and handling activities that occur after the dealer has obtained control of the yacht as a fulfillment activity.
\nContract liabilities primarily consist of customer deposits. We recognize contract liabilities (customer deposits) as revenue at the time of acceptance and the transfer of control to the customers. Total contract liabilities of approximately $24.3 million recorded as of September 30, 2019 were recognized in revenue during the fiscal year ended September 30, 2020. Total contract liabilities of approximately $31.8 million recorded as of September 30, 2020 were recognized in revenue during the fiscal year ended September 30, 2021.
\nWe recognize deferred 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 income 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.
\nThe following table sets forth percentages on the timing of revenue recognition by reportable segment for the fiscal years ended September 30,
\n| \n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n||||||||||||||||||
| \n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||||||
| \n Goods and services transferred at a point in time | \n\n \u00a0 | \n\n 90.8 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 92.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 91.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
| \n Goods and services transferred over time | \n\n \u00a0 | \n\n 9.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.3 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 8.4 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n Revenue | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
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 for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.3 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.5 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 11.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 10.9 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.1 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.2 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 5.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 5.6 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
\n\u00a0
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.2 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 15.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 15.1 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.4 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.4 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.0 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.1 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 14.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 14.9 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.9 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.6 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 1.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1.9 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
\n\u00a0
"}]},{"name":"rpt:f-405","factDimensions":{"xbrl:concept":"us-gaap:RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionExplanation","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":" 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."}]},{"name":"rpt:f-406","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerAssetNetCurrent","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"2600000","decimals":-5}]},{"name":"rpt:f-407","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerAssetNetCurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"5700000","decimals":-5}]},{"name":"rpt:f-408","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerLiabilityCurrent","xbrl:period":"2019-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"24300000","decimals":-5}]},{"name":"rpt:f-409","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerLiabilityRevenueRecognized","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"24300000","decimals":-5}]},{"name":"rpt:f-410","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerLiabilityCurrent","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"31800000","decimals":-5}]},{"name":"rpt:f-411","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerLiabilityRevenueRecognized","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"31800000","decimals":-5}]},{"name":"rpt:f-412","factDimensions":{"xbrl:concept":"hzo:ScheduleOfPercentageOnTimingOfRevenueRecognitionTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe following table sets forth percentages on the timing of revenue recognition by reportable segment for the fiscal years ended September 30,
\n| \n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n||||||||||||||||||
| \n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||||||
| \n Goods and services transferred at a point in time | \n\n \u00a0 | \n\n 90.8 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 92.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 91.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
| \n Goods and services transferred over time | \n\n \u00a0 | \n\n 9.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.3 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 8.4 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n Revenue | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
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 for the fiscal years ended September 30,
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.3 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.5 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 11.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 10.9 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.1 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.2 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 5.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 5.6 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.2 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 15.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 15.1 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.4 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.4 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.7 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.0 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n|||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n New boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 70.1 | \n\n % | \n
| \n Used boat sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 14.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 14.9 | \n\n % | \n
| \n Maintenance, repair, storage, and charter services | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6.9 | \n\n % | \n
| \n Finance and insurance products | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2.6 | \n\n % | \n
| \n Parts and accessories | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.6 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.6 | \n\n % | \n
| \n Brokerage sales | \n\n \u00a0 | \n\n \u00a0 | \n\n 1.9 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1.9 | \n\n % | \n
| \n Revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 100.0 | \n\n % | \n
\u00a0
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\nWe account for our stock-based compensation plans following the provisions of FASB ASC 718, \u201cCompensation\u00a0\u2014 Stock Compensation\u201d (\u201cASC 718\u201d). In accordance with ASC 718, we use the Black-Scholes valuation model for estimating the fair value of stock option grants and shares purchased under our Employee Stock Purchase Plan. We measure compensation for restricted stock awards and restricted stock units 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 on the grant date. We recognize compensation cost for all awards in operations, net of estimated forfeitures, on a straight-line basis over the requisite service period for each separately vesting portion of the award.
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For the Company\u2019s foreign subsidiaries that use a currency other than the U.S. dollar as their functional currency, the assets and liabilities are translated at exchange rates in effect at the balance sheet date, and revenues and expenses are translated at the weighted average exchange rate for the period. The effects of these translation adjustments are reported in accumulated other comprehensive income. Gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved are included in operating income. No amounts were reclassified out of accumulated other comprehensive income in fiscal 2021."}]},{"name":"rpt:f-471","factDimensions":{"xbrl:concept":"us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"0"}]},{"name":"rpt:f-472","factDimensions":{"xbrl:concept":"us-gaap:AdvertisingCostsPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nAdvertising and Promotional Cost
\nWe expense advertising and promotional costs as incurred and include them in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations. We net amounts received by us under our co-op assistance programs from our manufacturers against the related advertising expenses. Total advertising and promotional expenses approximated $18.8 million, $14.0 million and $14.8\u00a0million, net of related co-op assistance, which was not material to the consolidated financial statements, for the fiscal years ended September\u00a030, 2019, 2020, and 2021, respectively.
"}]},{"name":"rpt:f-473","factDimensions":{"xbrl:concept":"us-gaap:MarketingAndAdvertisingExpense","xbrl:period":"2018-10-01T00:00:00/2019-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"18800000","decimals":-5}]},{"name":"rpt:f-474","factDimensions":{"xbrl:concept":"us-gaap:MarketingAndAdvertisingExpense","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"14000000.0","decimals":-5}]},{"name":"rpt:f-475","factDimensions":{"xbrl:concept":"us-gaap:MarketingAndAdvertisingExpense","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"14800000","decimals":-5}]},{"name":"rpt:f-476","factDimensions":{"xbrl:concept":"us-gaap:IncomeTaxPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nIncome Taxes
\nWe account for income taxes in accordance with FASB ASC 740, \u201cIncome Taxes\u201d (\u201cASC 740\u201d). 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
\nsettled. 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.
"}]},{"name":"rpt:f-477","factDimensions":{"xbrl:concept":"us-gaap:ConcentrationRiskCreditRisk","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nConcentrations of Credit Risk
\nFinancial instruments, which potentially subject us to concentrations of credit risk, consist principally of cash and cash equivalents and accounts receivable. Concentrations of credit risk with respect to our cash and cash equivalents are limited primarily to amounts held with financial institutions. Concentrations of credit risk arising from our receivables are limited primarily to amounts due from manufacturers and financial institutions.
"}]},{"name":"rpt:f-478","factDimensions":{"xbrl:concept":"us-gaap:UseOfEstimates","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nUse of Estimates and Assumptions
\nThe preparation of 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 at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates made by us in the accompanying consolidated financial statements include valuation allowances, valuation of goodwill and intangible assets, valuation of long-lived assets, valuation of contingent consideration liabilities, and valuation of accruals. Actual results could differ materially from those estimates.
"}]},{"name":"rpt:f-479","factDimensions":{"xbrl:concept":"us-gaap:SegmentReportingPolicyPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nSegment Reporting
\nEffective May 2, 2021, our reportable segments changed as a result of the Company\u2019s acquisition of Cruisers Yachts, which changed management\u2019s reporting structure and operating activities. We now report our operations through two new reportable segments: Retail Operations and Product Manufacturing. The change in reportable segments had no impact on the Company\u2019s 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 21.
"}]},{"name":"rpt:f-480","factDimensions":{"xbrl:concept":"us-gaap:NumberOfReportableSegments","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"hzo:Segment"},"factValues":[{"value":"2"}]},{"name":"rpt:f-481","factDimensions":{"xbrl:concept":"us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\n3.\u00a0\u00a0NEW ACCOUNTING PRONOUNCEMENTS:
\nAccounting for Leases
\nWe adopted Accounting Standards Update (\u201cASU\u201d) 2016-02, \u201cLeases (Topic 842)\u201d (\u201cASU 2016-02\u201d) effective October 1, 2019 the first day of fiscal 2020. We elected the package of practical expedients available under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification of our existing leases. Consequently, on adoption, we recognized additional operating lease liabilities of $44.0 million and right-of-use (\u201cROU\u201d) assets of $42.1 million. The new standard also provides practical expedients for an entity\u2019s ongoing accounting. We elected the short-term lease recognition exemption for all leases that qualify. As a result, for those leases that qualify, we will not recognize ROU assets or lease liabilities, and we did not recognize ROU assets or lease liabilities for existing short-term leases of those assets in transition. We also elected the practical expedient to not separate lease and non-lease components. We recognized a net after-tax cumulative effect adjustment to retained earnings of $0.6 million\u00a0as of the date of adoption. See Note 8 for additional information on our leases.
\nOther New Pronouncements
\nIn August 2018, the FASB issued ASU 2018-15, \u201cGoodwill and Other\u2014Internal-Use Software (Subtopic 350-40): Customer\u2019s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract\u201d (\u201cASU 2018-15\u201d), which aligns the accounting for implementation costs incurred in a cloud computing arrangement that is a service contract with the guidance on capitalizing costs associated with developing or obtaining internal-use software. The guidance amends ASC 350 to include in its scope implementation costs of a cloud computing arrangement that is a service contract and clarifies that a customer should apply ASC 350 to determine which implementation costs should be capitalized in such a cloud computing arrangement. This guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. We adopted ASU 2018-05 effective October 1, 2020 the first day of fiscal 2021. The adoption of this standard had no impact on our consolidated financial statements.
\nIn June 2016, the FASB issued ASU 2016-13, \u201cFinancial Instruments\u2014Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments\u201d (\u201cASU 2016-13\u201d). ASU 2016-13 requires entities to report \u201cexpected\u201d credit losses on financial instruments and other commitments to extend credit rather than the current \u201cincurred loss\u201d model. These expected credit losses for financial assets held at the reporting date are to be based on historical experience, current conditions, and reasonable and supportable forecasts. This ASU will also require enhanced disclosures relating to significant estimates and judgments used in estimating credit losses, as well as the credit quality. This guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. We adopted ASU 2016-13 effective October 1, 2020 the first day of fiscal 2021. The adoption of this standard had no impact on our consolidated financial statements.
"}]},{"name":"rpt:f-482","factDimensions":{"xbrl:concept":"us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nAccounting for Leases
\nWe adopted Accounting Standards Update (\u201cASU\u201d) 2016-02, \u201cLeases (Topic 842)\u201d (\u201cASU 2016-02\u201d) effective October 1, 2019 the first day of fiscal 2020. We elected the package of practical expedients available under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification of our existing leases. Consequently, on adoption, we recognized additional operating lease liabilities of $44.0 million and right-of-use (\u201cROU\u201d) assets of $42.1 million. The new standard also provides practical expedients for an entity\u2019s ongoing accounting. We elected the short-term lease recognition exemption for all leases that qualify. As a result, for those leases that qualify, we will not recognize ROU assets or lease liabilities, and we did not recognize ROU assets or lease liabilities for existing short-term leases of those assets in transition. We also elected the practical expedient to not separate lease and non-lease components. We recognized a net after-tax cumulative effect adjustment to retained earnings of $0.6 million\u00a0as of the date of adoption. See Note 8 for additional information on our leases.
\nOther New Pronouncements
\nIn August 2018, the FASB issued ASU 2018-15, \u201cGoodwill and Other\u2014Internal-Use Software (Subtopic 350-40): Customer\u2019s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract\u201d (\u201cASU 2018-15\u201d), which aligns the accounting for implementation costs incurred in a cloud computing arrangement that is a service contract with the guidance on capitalizing costs associated with developing or obtaining internal-use software. The guidance amends ASC 350 to include in its scope implementation costs of a cloud computing arrangement that is a service contract and clarifies that a customer should apply ASC 350 to determine which implementation costs should be capitalized in such a cloud computing arrangement. This guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. We adopted ASU 2018-05 effective October 1, 2020 the first day of fiscal 2021. The adoption of this standard had no impact on our consolidated financial statements.
\nIn June 2016, the FASB issued ASU 2016-13, \u201cFinancial Instruments\u2014Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments\u201d (\u201cASU 2016-13\u201d). ASU 2016-13 requires entities to report \u201cexpected\u201d credit losses on financial instruments and other commitments to extend credit rather than the current \u201cincurred loss\u201d model. These expected credit losses for financial assets held at the reporting date are to be based on historical experience, current conditions, and reasonable and supportable forecasts. This ASU will also require enhanced disclosures relating to significant estimates and judgments used in estimating credit losses, as well as the credit quality. This guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. We adopted ASU 2016-13 effective October 1, 2020 the first day of fiscal 2021. The adoption of this standard had no impact on our consolidated financial statements.
"}]},{"name":"rpt:f-483","factDimensions":{"xbrl:concept":"us-gaap:OperatingLeaseLiability","xbrl:period":"2019-10-02T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:AdjustmentsForNewAccountingPronouncementsAxis":"us-gaap:AccountingStandardsUpdate201602Member"},"factValues":[{"value":"44000000.0","decimals":-5}]},{"name":"rpt:f-484","factDimensions":{"xbrl:concept":"us-gaap:OperatingLeaseRightOfUseAsset","xbrl:period":"2019-10-02T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:AdjustmentsForNewAccountingPronouncementsAxis":"us-gaap:AccountingStandardsUpdate201602Member"},"factValues":[{"value":"42100000","decimals":-5}]},{"name":"rpt:f-485","factDimensions":{"xbrl:concept":"us-gaap:RetainedEarningsAccumulatedDeficit","xbrl:period":"2019-10-02T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:AdjustmentsForNewAccountingPronouncementsAxis":"us-gaap:AccountingStandardsUpdate201602Member","srt:CumulativeEffectPeriodOfAdoptionAxis":"srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember"},"factValues":[{"value":"600000","decimals":-5}]},{"name":"rpt:f-486","factDimensions":{"xbrl:concept":"us-gaap:FairValueDisclosuresTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\n4.\u00a0\u00a0FAIR VALUE MEASUREMENTS:
\nThe 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:
\nLevel 1 - Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.
\nLevel 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.
\nLevel 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.
\nThe following tables summarize the Company\u2019s financial assets and liabilities measured at fair value in the accompanying Consolidated Balance Sheets as of September 30,
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||||||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Level 1 | \n\n \u00a0 | \n\n \u00a0 | \n\n Level 2 | \n\n \u00a0 | \n\n \u00a0 | \n\n Level 3 | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n||||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||||||
| \n Assets: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Interest rate swap contract | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 150 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 150 | \n\n \u00a0 | \n
| \n Liabilities: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Contingent consideration liabilities | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12,364 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12,364 | \n\n \u00a0 | \n
\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n|||||||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Level 1 | \n\n \u00a0 | \n\n \u00a0 | \n\n Level 2 | \n\n \u00a0 | \n\n \u00a0 | \n\n Level 3 | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n||||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||||||
| \n Liabilities: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Contingent consideration liabilities | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,960 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,960 | \n\n \u00a0 | \n
\u00a0
\nThere were no transfers between the valuation hierarchy Levels 1, 2, and 3 for the fiscal years ended September 30, 2020, and 2021.
\nThe fair value of the Company\u2019s 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 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 Consolidated Statements of Comprehensive Income.
\nWe estimate the fair value of our contingent consideration liabilities using a probability-weighted discounted cash flow model. The contingent consideration liabilities are estimated based on forecasted pre-tax earnings as a base scenario (among other assumptions) subject to a Monte Carlo simulation. The fair value of the contingent consideration liabilities, which reflect Level 3 inputs, is reassessed on a quarterly basis. The contingent consideration liabilities balance is included in accrued expenses and other long-term liabilities in the accompanying Consolidated Balance Sheets. Changes in fair value and net present value of the contingent consideration liabilities are included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations.
\nThe following table sets forth the changes in fair value of our contingent consideration liabilities, which reflect Level 3 inputs, for the fiscal the years ended September 30, 2020 and 2021:
\n| \n \u00a0 | \n\n \u00a0 | \n\n Contingent Consideration Liabilities | \n\n \u00a0 | \n|
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n Balance as of September 30, 2019 | \n\n \u00a0 | \n\n $ | \n\n 845 | \n\n \u00a0 | \n
| \n Additions from business acquisitions | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,270 | \n\n \u00a0 | \n
| \n Settlement of contingent consideration liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n (148 | \n\n ) | \n
| \n Change in fair value and net present value of contingency | \n\n \u00a0 | \n\n \u00a0 | \n\n (7 | \n\n ) | \n
| \n Balance as of September 30, 2020 | \n\n \u00a0 | \n\n $ | \n\n 2,960 | \n\n \u00a0 | \n
| \n Additions from business acquisitions | \n\n \u00a0 | \n\n \u00a0 | \n\n 10,640 | \n\n \u00a0 | \n
| \n Settlement of contingent consideration liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n (3,000 | \n\n ) | \n
| \n Change in fair value and net present value of contingency | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,764 | \n\n \u00a0 | \n
| \n Balance as of September 30, 2021 | \n\n \u00a0 | \n\n $ | \n\n 12,364 | \n\n \u00a0 | \n
\u00a0
\nWe determined the carrying value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, short-term borrowings, and the revolving mortgage facility 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 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. The following table summarizes the carrying value and fair value of our mortgage facilities as of September 30,
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Fair Value | \n\n \u00a0 | \n\n \u00a0 | \n\n Carrying Value | \n\n \u00a0 | \n\n \u00a0 | \n\n Fair Value | \n\n \u00a0 | \n\n \u00a0 | \n\n Carrying Value | \n\n \u00a0 | \n||||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||||||
| \n Mortgage facility payable to Flagship Bank | \n\n \u00a0 | \n\n $ | \n\n 7,396 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 7,396 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 6,872 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 6,899 | \n\n \u00a0 | \n
| \n Mortgage facility payable to Seacoast National Bank | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 17,529 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 17,675 | \n\n \u00a0 | \n
| \n Mortgage facility payable to Hancock Whitney Bank | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 27,089 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 27,106 | \n\n \u00a0 | \n
\u00a0
"}]},{"name":"rpt:f-487","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe following tables summarize the Company\u2019s financial assets and liabilities measured at fair value in the accompanying Consolidated Balance Sheets as of September 30,
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||||||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Level 1 | \n\n \u00a0 | \n\n \u00a0 | \n\n Level 2 | \n\n \u00a0 | \n\n \u00a0 | \n\n Level 3 | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n||||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||||||
| \n Assets: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Interest rate swap contract | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 150 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 150 | \n\n \u00a0 | \n
| \n Liabilities: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Contingent consideration liabilities | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12,364 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12,364 | \n\n \u00a0 | \n
\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n|||||||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Level 1 | \n\n \u00a0 | \n\n \u00a0 | \n\n Level 2 | \n\n \u00a0 | \n\n \u00a0 | \n\n Level 3 | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n||||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||||||
| \n Liabilities: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Contingent consideration liabilities | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,960 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,960 | \n\n \u00a0 | \n
The following table sets forth the changes in fair value of our contingent consideration liabilities, which reflect Level 3 inputs, for the fiscal the years ended September 30, 2020 and 2021:
\n| \n \u00a0 | \n\n \u00a0 | \n\n Contingent Consideration Liabilities | \n\n \u00a0 | \n|
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n Balance as of September 30, 2019 | \n\n \u00a0 | \n\n $ | \n\n 845 | \n\n \u00a0 | \n
| \n Additions from business acquisitions | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,270 | \n\n \u00a0 | \n
| \n Settlement of contingent consideration liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n (148 | \n\n ) | \n
| \n Change in fair value and net present value of contingency | \n\n \u00a0 | \n\n \u00a0 | \n\n (7 | \n\n ) | \n
| \n Balance as of September 30, 2020 | \n\n \u00a0 | \n\n $ | \n\n 2,960 | \n\n \u00a0 | \n
| \n Additions from business acquisitions | \n\n \u00a0 | \n\n \u00a0 | \n\n 10,640 | \n\n \u00a0 | \n
| \n Settlement of contingent consideration liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n (3,000 | \n\n ) | \n
| \n Change in fair value and net present value of contingency | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,764 | \n\n \u00a0 | \n
| \n Balance as of September 30, 2021 | \n\n \u00a0 | \n\n $ | \n\n 12,364 | \n\n \u00a0 | \n
| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||||||||||
| \n \u00a0 | \n\n \u00a0 | \n\n Fair Value | \n\n \u00a0 | \n\n \u00a0 | \n\n Carrying Value | \n\n \u00a0 | \n\n \u00a0 | \n\n Fair Value | \n\n \u00a0 | \n\n \u00a0 | \n\n Carrying Value | \n\n \u00a0 | \n||||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||||||
| \n Mortgage facility payable to Flagship Bank | \n\n \u00a0 | \n\n $ | \n\n 7,396 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 7,396 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 6,872 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 6,899 | \n\n \u00a0 | \n
| \n Mortgage facility payable to Seacoast National Bank | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 17,529 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 17,675 | \n\n \u00a0 | \n
| \n Mortgage facility payable to Hancock Whitney Bank | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 27,089 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 27,106 | \n\n \u00a0 | \n
\u00a0
"}]},{"name":"rpt:f-526","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtFairValue","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:FairValueByMeasurementBasisAxis":"us-gaap:EstimateOfFairValueFairValueDisclosureMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayablesToFlagshipBankMember"},"factValues":[{"value":"7396000","decimals":-3}]},{"name":"rpt:f-527","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtFairValue","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:FairValueByMeasurementBasisAxis":"us-gaap:CarryingReportedAmountFairValueDisclosureMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayablesToFlagshipBankMember"},"factValues":[{"value":"7396000","decimals":-3}]},{"name":"rpt:f-528","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtFairValue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:FairValueByMeasurementBasisAxis":"us-gaap:EstimateOfFairValueFairValueDisclosureMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayablesToFlagshipBankMember"},"factValues":[{"value":"6872000","decimals":-3}]},{"name":"rpt:f-529","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtFairValue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:FairValueByMeasurementBasisAxis":"us-gaap:CarryingReportedAmountFairValueDisclosureMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayablesToFlagshipBankMember"},"factValues":[{"value":"6899000","decimals":-3}]},{"name":"rpt:f-530","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtFairValue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:FairValueByMeasurementBasisAxis":"us-gaap:EstimateOfFairValueFairValueDisclosureMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayablesToSeacoastNationalBankMember"},"factValues":[{"value":"17529000","decimals":-3}]},{"name":"rpt:f-531","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtFairValue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:FairValueByMeasurementBasisAxis":"us-gaap:CarryingReportedAmountFairValueDisclosureMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayablesToSeacoastNationalBankMember"},"factValues":[{"value":"17675000","decimals":-3}]},{"name":"rpt:f-532","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtFairValue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:FairValueByMeasurementBasisAxis":"us-gaap:EstimateOfFairValueFairValueDisclosureMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayablesToHancockWhitneyBankMember"},"factValues":[{"value":"27089000","decimals":-3}]},{"name":"rpt:f-533","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtFairValue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:FairValueByMeasurementBasisAxis":"us-gaap:CarryingReportedAmountFairValueDisclosureMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayablesToHancockWhitneyBankMember"},"factValues":[{"value":"27106000","decimals":-3}]},{"name":"rpt:f-534","factDimensions":{"xbrl:concept":"us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\n5.\u00a0\u00a0ACCOUNTS RECEIVABLE:
\nTrade receivables consist primarily of receivables from financial institutions, which provide funding for customer boat financing and amounts due from financial institutions earned from arranging financing with our customers. We normally collect these receivables within 30\u00a0days of the sale. Trade receivables also include amounts due from customers on the sale of boats, parts, service, and storage. Amounts due from manufacturers represent receivables for various manufacturer programs and parts and service work performed pursuant to the manufacturers\u2019 warranties.
\nAccounts receivable are presented net of an allowance for expected credit losses. The allowance for expected credit losses, which was not material to the consolidated financial statements as of September\u00a030, 2020 or 2021, was based on our consideration of past collection experience, current information, and reasonable and supportable forecasts.
\nAccounts receivable, net consisted of the following as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n Trade receivables, net | \n\n \u00a0 | \n\n $ | \n\n 31,289 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 38,953 | \n\n \u00a0 | \n
| \n Amounts due from manufacturers | \n\n \u00a0 | \n\n \u00a0 | \n\n 7,575 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 7,344 | \n\n \u00a0 | \n
| \n Other receivables | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,331 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,354 | \n\n \u00a0 | \n
| \n Accounts receivable, net | \n\n \u00a0 | \n\n $ | \n\n 40,195 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 47,651 | \n\n \u00a0 | \n
Accounts receivable, net consisted of the following as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n Trade receivables, net | \n\n \u00a0 | \n\n $ | \n\n 31,289 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 38,953 | \n\n \u00a0 | \n
| \n Amounts due from manufacturers | \n\n \u00a0 | \n\n \u00a0 | \n\n 7,575 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 7,344 | \n\n \u00a0 | \n
| \n Other receivables | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,331 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,354 | \n\n \u00a0 | \n
| \n Accounts receivable, net | \n\n \u00a0 | \n\n $ | \n\n 40,195 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 47,651 | \n\n \u00a0 | \n
6.\u00a0\u00a0INVENTORIES:
\nInventories, net consisted of the following as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n New and used boats, motors, and trailers | \n\n \u00a0 | \n\n $ | \n\n 289,291 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 193,888 | \n\n \u00a0 | \n
| \n Parts, accessories, and other | \n\n \u00a0 | \n\n \u00a0 | \n\n 8,711 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 13,779 | \n\n \u00a0 | \n
| \n Work-in-process | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 11,358 | \n\n \u00a0 | \n
| \n Raw materials | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 11,959 | \n\n \u00a0 | \n
| \n Inventories, net | \n\n \u00a0 | \n\n $ | \n\n 298,002 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 230,984 | \n\n \u00a0 | \n
Inventories, net consisted of the following as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n New and used boats, motors, and trailers | \n\n \u00a0 | \n\n $ | \n\n 289,291 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 193,888 | \n\n \u00a0 | \n
| \n Parts, accessories, and other | \n\n \u00a0 | \n\n \u00a0 | \n\n 8,711 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 13,779 | \n\n \u00a0 | \n
| \n Work-in-process | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 11,358 | \n\n \u00a0 | \n
| \n Raw materials | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 11,959 | \n\n \u00a0 | \n
| \n Inventories, net | \n\n \u00a0 | \n\n $ | \n\n 298,002 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 230,984 | \n\n \u00a0 | \n
7.\u00a0\u00a0PROPERTY AND EQUIPMENT:
\nProperty and equipment, net consisted of the following as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n Land | \n\n \u00a0 | \n\n $ | \n\n 55,549 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 57,330 | \n\n \u00a0 | \n
| \n Buildings and improvements | \n\n \u00a0 | \n\n \u00a0 | \n\n 115,394 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 137,271 | \n\n \u00a0 | \n
| \n Machinery and equipment | \n\n \u00a0 | \n\n \u00a0 | \n\n 39,416 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 54,510 | \n\n \u00a0 | \n
| \n Furniture and fixtures | \n\n \u00a0 | \n\n \u00a0 | \n\n 5,233 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 5,897 | \n\n \u00a0 | \n
| \n Vehicles | \n\n \u00a0 | \n\n \u00a0 | \n\n 12,612 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 18,269 | \n\n \u00a0 | \n
| \n Gross property and equipment | \n\n \u00a0 | \n\n \u00a0 | \n\n 228,204 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 273,277 | \n\n \u00a0 | \n
| \n Less: accumulated depreciation and amortization | \n\n \u00a0 | \n\n \u00a0 | \n\n (86,270 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n (97,814 | \n\n ) | \n
| \n Property and equipment, net | \n\n \u00a0 | \n\n $ | \n\n 141,934 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 175,463 | \n\n \u00a0 | \n
\u00a0
\nDepreciation and amortization expense on property and equipment totaled approximately $11.6 million, $12.8 million, and $13.9 million, for the fiscal years ended September 30, 2019, 2020, and 2021, respectively.
"}]},{"name":"rpt:f-556","factDimensions":{"xbrl:concept":"hzo:PropertyPlantAndEquipmentCostTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nProperty and equipment, net consisted of the following as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n Land | \n\n \u00a0 | \n\n $ | \n\n 55,549 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 57,330 | \n\n \u00a0 | \n
| \n Buildings and improvements | \n\n \u00a0 | \n\n \u00a0 | \n\n 115,394 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 137,271 | \n\n \u00a0 | \n
| \n Machinery and equipment | \n\n \u00a0 | \n\n \u00a0 | \n\n 39,416 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 54,510 | \n\n \u00a0 | \n
| \n Furniture and fixtures | \n\n \u00a0 | \n\n \u00a0 | \n\n 5,233 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 5,897 | \n\n \u00a0 | \n
| \n Vehicles | \n\n \u00a0 | \n\n \u00a0 | \n\n 12,612 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 18,269 | \n\n \u00a0 | \n
| \n Gross property and equipment | \n\n \u00a0 | \n\n \u00a0 | \n\n 228,204 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 273,277 | \n\n \u00a0 | \n
| \n Less: accumulated depreciation and amortization | \n\n \u00a0 | \n\n \u00a0 | \n\n (86,270 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n (97,814 | \n\n ) | \n
| \n Property and equipment, net | \n\n \u00a0 | \n\n $ | \n\n 141,934 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 175,463 | \n\n \u00a0 | \n
8.\u00a0\u00a0LEASES:
\nSubstantially all of the leases that we enter into\u00a0are real estate leases.\u00a0We 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\u00a0one to in excess of\u00a0twenty-five years. In addition, we lease certain charter boats for our yacht charter business. As of September 30, 2021, the weighted-average remaining lease term for our leases was approximately 12 years. All of our leases are classified as operating leases, which are included as ROU assets and operating lease liabilities in the accompanying Consolidated Balance Sheets. For the fiscal years ended September 30, 2019, 2020, and 2021, operating lease expenses recorded in selling, general, and administrative expenses were approximately $12.8 million, $13.9 million, and $24.1 million, of which approximately $0.4 million, $0.5 million, and $0.7 million, related to variable lease expenses, 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 842 to not separate lease and nonlease components.
\nOur 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.
\nSubstantially 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
\none 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.
\nFor 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 September 30, 2021, the weighted-average discount rate used was approximately 5.6%.
\nAs of September 30, 2021, maturities of lease liabilities by fiscal year are summarized as follows:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n 2022 | \n\n \u00a0 | \n\n $ | \n\n 16,080 | \n\n \u00a0 | \n
| \n 2023 | \n\n \u00a0 | \n\n \u00a0 | \n\n 14,913 | \n\n \u00a0 | \n
| \n 2024 | \n\n \u00a0 | \n\n \u00a0 | \n\n 12,714 | \n\n \u00a0 | \n
| \n 2025 | \n\n \u00a0 | \n\n \u00a0 | \n\n 10,315 | \n\n \u00a0 | \n
| \n 2026 | \n\n \u00a0 | \n\n \u00a0 | \n\n 9,947 | \n\n \u00a0 | \n
| \n Thereafter | \n\n \u00a0 | \n\n \u00a0 | \n\n 88,190 | \n\n \u00a0 | \n
| \n Total lease payments | \n\n \u00a0 | \n\n \u00a0 | \n\n 152,159 | \n\n \u00a0 | \n
| \n Less: interest | \n\n \u00a0 | \n\n \u00a0 | \n\n (44,633 | \n\n ) | \n
| \n Present value of lease liabilities | \n\n \u00a0 | \n\n $ | \n\n 107,526 | \n\n \u00a0 | \n
\u00a0
\nThe following table sets forth supplemental cash flow information related to leases for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Cash paid for amounts included in the measurement of \n\u00a0\u00a0 lease liabilities: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Operating cash flows from operating leases | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 10,209 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 16,917 | \n\n \u00a0 | \n
| \n Right-of-use assets obtained in exchange for lease \n\u00a0\u00a0 obligations: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Operating leases | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 3,811 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 74,097 | \n\n \u00a0 | \n
\u00a0
\nThe Company reports the amortization of ROU assets and the change in operating lease liabilities on a net basis in accrued expenses and other liabilities in the accompanying Consolidated Statements of Cash Flows.
"}]},{"name":"rpt:f-577","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseRenewalTerm","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"P25Y"}]},{"name":"rpt:f-578","factDimensions":{"xbrl:concept":"us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"P12Y"}]},{"name":"rpt:f-579","factDimensions":{"xbrl:concept":"us-gaap:OperatingLeaseCost","xbrl:period":"2018-10-01T00:00:00/2019-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"12800000","decimals":-5}]},{"name":"rpt:f-580","factDimensions":{"xbrl:concept":"us-gaap:OperatingLeaseCost","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"13900000","decimals":-5}]},{"name":"rpt:f-581","factDimensions":{"xbrl:concept":"us-gaap:OperatingLeaseCost","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"24100000","decimals":-5}]},{"name":"rpt:f-582","factDimensions":{"xbrl:concept":"us-gaap:VariableLeaseCost","xbrl:period":"2018-10-01T00:00:00/2019-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"400000","decimals":-5}]},{"name":"rpt:f-583","factDimensions":{"xbrl:concept":"us-gaap:VariableLeaseCost","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"500000","decimals":-5}]},{"name":"rpt:f-584","factDimensions":{"xbrl:concept":"us-gaap:VariableLeaseCost","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"700000","decimals":-5}]},{"name":"rpt:f-585","factDimensions":{"xbrl:concept":"us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"0.056","decimals":3}]},{"name":"rpt:f-586","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nAs of September 30, 2021, maturities of lease liabilities by fiscal year are summarized as follows:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n 2022 | \n\n \u00a0 | \n\n $ | \n\n 16,080 | \n\n \u00a0 | \n
| \n 2023 | \n\n \u00a0 | \n\n \u00a0 | \n\n 14,913 | \n\n \u00a0 | \n
| \n 2024 | \n\n \u00a0 | \n\n \u00a0 | \n\n 12,714 | \n\n \u00a0 | \n
| \n 2025 | \n\n \u00a0 | \n\n \u00a0 | \n\n 10,315 | \n\n \u00a0 | \n
| \n 2026 | \n\n \u00a0 | \n\n \u00a0 | \n\n 9,947 | \n\n \u00a0 | \n
| \n Thereafter | \n\n \u00a0 | \n\n \u00a0 | \n\n 88,190 | \n\n \u00a0 | \n
| \n Total lease payments | \n\n \u00a0 | \n\n \u00a0 | \n\n 152,159 | \n\n \u00a0 | \n
| \n Less: interest | \n\n \u00a0 | \n\n \u00a0 | \n\n (44,633 | \n\n ) | \n
| \n Present value of lease liabilities | \n\n \u00a0 | \n\n $ | \n\n 107,526 | \n\n \u00a0 | \n
\u00a0
"}]},{"name":"rpt:f-587","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"16080000","decimals":-3}]},{"name":"rpt:f-588","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"14913000","decimals":-3}]},{"name":"rpt:f-589","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"12714000","decimals":-3}]},{"name":"rpt:f-590","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"10315000","decimals":-3}]},{"name":"rpt:f-591","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"9947000","decimals":-3}]},{"name":"rpt:f-592","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"88190000","decimals":-3}]},{"name":"rpt:f-593","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"152159000","decimals":-3}]},{"name":"rpt:f-594","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"44633000","decimals":-3}]},{"name":"rpt:f-595","factDimensions":{"xbrl:concept":"us-gaap:OperatingLeaseLiability","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"107526000","decimals":-3}]},{"name":"rpt:f-596","factDimensions":{"xbrl:concept":"hzo:ScheduleOfSupplementalCashFlowDisclosuresRelatedToLeasesTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe following table sets forth supplemental cash flow information related to leases for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Cash paid for amounts included in the measurement of \n\u00a0\u00a0 lease liabilities: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Operating cash flows from operating leases | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 10,209 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 16,917 | \n\n \u00a0 | \n
| \n Right-of-use assets obtained in exchange for lease \n\u00a0\u00a0 obligations: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Operating leases | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 3,811 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 74,097 | \n\n \u00a0 | \n
\u00a0
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\nIn July 2021 we purchased Nisswa Marine, Inc. a full-service dealer located in Nisswa, Minnesota. Goodwill and other intangible assets associated with the Nisswa Marine acquisition was approximately $15.3 million.
\nIn May 2021, we purchased all of the outstanding equity of KCS International Holdings, Inc., and certain affiliates (\u201cCruisers Yachts\u201d) for an aggregate purchase price of $62.7 million, subject to certain customary closing and post-closing adjustments, and net working capital adjustments including certain holdbacks. The former owners of Cruisers Yachts are subject to certain customary post-closing covenants and indemnities.
\nThe following table summarizes the consideration paid for Cruisers Yachts and the allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date.
\n| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n Consideration: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Fair value of total consideration transferred | \n\n \u00a0 | \n\n $ | \n\n 61,448 | \n\n \u00a0 | \n
| \n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Recognized amounts of identifiable assets acquired and liabilities assumed: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Current assets, net of cash acquired of $5,993 | \n\n \u00a0 | \n\n $ | \n\n 29,869 | \n\n \u00a0 | \n
| \n Property and equipment | \n\n \u00a0 | \n\n \u00a0 | \n\n 12,126 | \n\n \u00a0 | \n
| \n Intangible assets | \n\n \u00a0 | \n\n \u00a0 | \n\n 4,602 | \n\n \u00a0 | \n
| \n Current liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n (25,283 | \n\n ) | \n
| \n Total identifiable net assets acquired: | \n\n \u00a0 | \n\n \u00a0 | \n\n 21,314 | \n\n \u00a0 | \n
| \n Goodwill | \n\n \u00a0 | \n\n $ | \n\n 40,134 | \n\n \u00a0 | \n
| \n Total | \n\n \u00a0 | \n\n $ | \n\n 61,448 | \n\n \u00a0 | \n
\u00a0
\nThe fair value of current assets acquired includes accounts receivable and inventory of approximately $3.1 million and $26.2 million, respectively. The fair value of current liabilities assumed includes short-term borrowings of approximately $11.7 million, accrued expenses of approximately $10.3 million, and accounts payable of approximately $3.0 million. The intangible assets acquired include the trade name and customer relationships. The goodwill represents the assembled workforce, acquired capabilities, and future economic benefits resulting from the acquisition. The majority of the goodwill is expected to be deductible for tax purposes. The customer relationships have a weighted average useful life of approximately 2.0 years. The tradename has an indefinite life. Our results for fiscal 2021 include results from Cruisers Yachts between May 2, 2021 and September 30, 2021. Refer to Note 21 for disclosure of the revenues and income from operations. We have not disclosed the pro forma effect of Cruisers Yachts\u2019 financial information for fiscal 2020 and prior to acquisition on May 2, 2021, because it is not practical to obtain for comparative purposes and as such is not presented because Cruisers Yachts\u2019 historical monthly internal accounting and reporting processes and practices would not provide complete information sufficient for the purposes of this pro forma disclosure.
\nIn October 2020, we purchased all of the outstanding equity of Skipper Marine Holdings, Inc., and certain affiliates (\u201cSkipperBud\u2019s\u201d) for an aggregate purchase price of $55.0 million, subject to certain customary closing and post-closing adjustments, and net working capital adjustments including certain holdbacks. In addition, the former equity owners of SkipperBud\u2019s (\u201cSkippers Sellers\u201d), have the opportunity to earn additional consideration as part of an contingent consideration liability subject to the achievement of certain pre-tax earnings levels. The maximum amount of consideration that can be paid under the contingent consideration liability is approximately $9.3 million. The fair value of $8.2 million of the contingent consideration liability arrangement was estimated by a third party valuation expert by applying an income valuation approach. The contingent consideration liability was estimated based on forecasted pre-tax earnings as a base scenario (among other assumptions) subject to a Monte Carlo simulation. The Skippers Sellers are subject to certain customary post-closing covenants and indemnities. The acquisition of SkipperBud\u2019s enhances our sales, brokerage, service and marina/storage presence in the Great Lakes region and West Coast of the Unites States.
\nThe following table summarizes the consideration paid for SkipperBud\u2019s and the allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date.
\n| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n Consideration: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Cash purchase price and net working capital adjustments, net of cash acquired of $30,615 | \n\n \u00a0 | \n\n $ | \n\n 50,261 | \n\n \u00a0 | \n
| \n Contingent consideration liability | \n\n \u00a0 | \n\n \u00a0 | \n\n 8,200 | \n\n \u00a0 | \n
| \n Fair value of total consideration transferred | \n\n \u00a0 | \n\n $ | \n\n 58,461 | \n\n \u00a0 | \n
| \n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Recognized amounts of identifiable assets acquired and liabilities assumed: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Current assets, net of cash acquired of $30,615 | \n\n \u00a0 | \n\n $ | \n\n 50,688 | \n\n \u00a0 | \n
| \n Property and equipment | \n\n \u00a0 | \n\n \u00a0 | \n\n 4,859 | \n\n \u00a0 | \n
| \n Intangible assets | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,978 | \n\n \u00a0 | \n
| \n Current liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n (55,427 | \n\n ) | \n
| \n Total identifiable net assets acquired: | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,098 | \n\n \u00a0 | \n
| \n Goodwill | \n\n \u00a0 | \n\n $ | \n\n 56,363 | \n\n \u00a0 | \n
| \n Total | \n\n \u00a0 | \n\n $ | \n\n 58,461 | \n\n \u00a0 | \n
\u00a0
\n\u00a0
\nThe fair value of current assets acquired includes accounts receivable and inventory of approximately $5.4 million and $42.3 million, respectively. The fair value of current liabilities assumed includes short-term borrowings of approximately $30.5 million, accrued expenses of approximately $14.6 million, and customer deposits of approximately $7.5 million. We recorded approximately $56.4 million in goodwill and approximately $2.0 million of other identifiable intangibles (trade name and customer relationships) in connection with the SkipperBud\u2019s acquisition. The goodwill represents our enhanced geographic reach and brand infrastructure in the Great Lakes region and West Coast of the Unites States. The majority of the goodwill is expected to be deductible for tax purposes. The intangible assets have a weighted average useful life of approximately 3.3 years. For fiscal 2021, SkipperBud\u2019s revenue was approximately $302.6 million and income before taxes was approximately $31.3 million. We have not disclosed the pro forma effect of SkipperBud\u2019s financial information for fiscal 2020 because it is not practical to obtain for comparative purposes and as such is not presented because SkipperBud\u2019s historical monthly internal accounting and reporting processes and practices would not provide complete information sufficient for the purposes of this pro forma disclosure.
\nIn July 2020, we purchased Northrop & Johnson, a leading superyacht brokerage and services company. In March 2020, we purchased Boatyard, a digital platform with an expansive range of on-demand services to streamline the boating experience by qualified service providers from a smartphone.
\nGoodwill and other intangible assets increased, primarily due to acquisitions, by $20.2 million and $116.8 million, for the fiscal years ended September 30, 2020 and 2021, respectively. These acquisitions have resulted in the recording of goodwill for tax purposes of $16.8 million and $110.8 million, for the fiscal years ended September 30, 2020 and 2021, respectively. In total, current and previous acquisitions have resulted in the recording of $84.3 million and $201.1 million in goodwill and other intangible assets as of September 30, 2020 and 2021, respectively.
\nEffective May 2, 2021, our reportable segments changed as a result of the Company\u2019s acquisition of Cruisers Yachts, which changed management\u2019s reporting structure and operating activities. We now report our operations through two new reportable segments: Retail Operations and Product Manufacturing. As a result, the Company allocated goodwill to its reporting units within the Company\u2019s two reportable segments.
\nThe following table sets forth the changes in carrying amount of goodwill by reportable segment for the fiscal years ended September 30, 2020 and 2021:
\n| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Balance as of September 30, 2019 | \n\n \u00a0 | \n\n $ | \n\n 64,006 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 64,006 | \n\n \u00a0 | \n
| \n Goodwill acquired | \n\n \u00a0 | \n\n \u00a0 | \n\n 19,614 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 19,614 | \n\n \u00a0 | \n
| \n Foreign currency translation | \n\n \u00a0 | \n\n \u00a0 | \n\n 620 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 620 | \n\n \u00a0 | \n
| \n Balance as of September 30, 2020 | \n\n \u00a0 | \n\n $ | \n\n 84,240 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 84,240 | \n\n \u00a0 | \n
| \n Goodwill acquired | \n\n \u00a0 | \n\n \u00a0 | \n\n 71,306 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 40,134 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 111,440 | \n\n \u00a0 | \n
| \n Foreign currency translation | \n\n \u00a0 | \n\n \u00a0 | \n\n (117 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (117 | \n\n ) | \n
| \n Balance as of September 30, 2021 | \n\n \u00a0 | \n\n $ | \n\n 155,429 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 40,134 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 195,563 | \n\n \u00a0 | \n
Other long-term assets as of September 30, 2020 and 2021 of $7.8 million and $8.8 million, respectively, are primarily long-term deposits and other long-term investments.
"}]},{"name":"rpt:f-602","factDimensions":{"xbrl:concept":"us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable","xbrl:period":"2021-07-01T00:00:00/2021-08-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BusinessAcquisitionAxis":"hzo:NisswaMarineIncMember"},"factValues":[{"value":"15300000","decimals":-5}]},{"name":"rpt:f-603","factDimensions":{"xbrl:concept":"us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable","xbrl:period":"2021-05-01T00:00:00/2021-06-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BusinessAcquisitionAxis":"hzo:CruisersYachtsMember"},"factValues":[{"value":"62700000","decimals":-5}]},{"name":"rpt:f-604","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:BusinessAcquisitionAxis":"hzo:CruisersYachtsMember"},"factValues":[{"value":"\nThe following table summarizes the consideration paid for Cruisers Yachts and the allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date.
\n| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n Consideration: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Fair value of total consideration transferred | \n\n \u00a0 | \n\n $ | \n\n 61,448 | \n\n \u00a0 | \n
| \n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Recognized amounts of identifiable assets acquired and liabilities assumed: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Current assets, net of cash acquired of $5,993 | \n\n \u00a0 | \n\n $ | \n\n 29,869 | \n\n \u00a0 | \n
| \n Property and equipment | \n\n \u00a0 | \n\n \u00a0 | \n\n 12,126 | \n\n \u00a0 | \n
| \n Intangible assets | \n\n \u00a0 | \n\n \u00a0 | \n\n 4,602 | \n\n \u00a0 | \n
| \n Current liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n (25,283 | \n\n ) | \n
| \n Total identifiable net assets acquired: | \n\n \u00a0 | \n\n \u00a0 | \n\n 21,314 | \n\n \u00a0 | \n
| \n Goodwill | \n\n \u00a0 | \n\n $ | \n\n 40,134 | \n\n \u00a0 | \n
| \n Total | \n\n \u00a0 | \n\n $ | \n\n 61,448 | \n\n \u00a0 | \n
The following table summarizes the consideration paid for SkipperBud\u2019s and the allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date.
\n| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n Consideration: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Cash purchase price and net working capital adjustments, net of cash acquired of $30,615 | \n\n \u00a0 | \n\n $ | \n\n 50,261 | \n\n \u00a0 | \n
| \n Contingent consideration liability | \n\n \u00a0 | \n\n \u00a0 | \n\n 8,200 | \n\n \u00a0 | \n
| \n Fair value of total consideration transferred | \n\n \u00a0 | \n\n $ | \n\n 58,461 | \n\n \u00a0 | \n
| \n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Recognized amounts of identifiable assets acquired and liabilities assumed: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Current assets, net of cash acquired of $30,615 | \n\n \u00a0 | \n\n $ | \n\n 50,688 | \n\n \u00a0 | \n
| \n Property and equipment | \n\n \u00a0 | \n\n \u00a0 | \n\n 4,859 | \n\n \u00a0 | \n
| \n Intangible assets | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,978 | \n\n \u00a0 | \n
| \n Current liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n (55,427 | \n\n ) | \n
| \n Total identifiable net assets acquired: | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,098 | \n\n \u00a0 | \n
| \n Goodwill | \n\n \u00a0 | \n\n $ | \n\n 56,363 | \n\n \u00a0 | \n
| \n Total | \n\n \u00a0 | \n\n $ | \n\n 58,461 | \n\n \u00a0 | \n
The following table sets forth the changes in carrying amount of goodwill by reportable segment for the fiscal years ended September 30, 2020 and 2021:
\n| \n \u00a0 | \n\n \u00a0 | \n\n Retail Operations | \n\n \u00a0 | \n\n \u00a0 | \n\n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n Total | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Balance as of September 30, 2019 | \n\n \u00a0 | \n\n $ | \n\n 64,006 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 64,006 | \n\n \u00a0 | \n
| \n Goodwill acquired | \n\n \u00a0 | \n\n \u00a0 | \n\n 19,614 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 19,614 | \n\n \u00a0 | \n
| \n Foreign currency translation | \n\n \u00a0 | \n\n \u00a0 | \n\n 620 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 620 | \n\n \u00a0 | \n
| \n Balance as of September 30, 2020 | \n\n \u00a0 | \n\n $ | \n\n 84,240 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 84,240 | \n\n \u00a0 | \n
| \n Goodwill acquired | \n\n \u00a0 | \n\n \u00a0 | \n\n 71,306 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 40,134 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 111,440 | \n\n \u00a0 | \n
| \n Foreign currency translation | \n\n \u00a0 | \n\n \u00a0 | \n\n (117 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (117 | \n\n ) | \n
| \n Balance as of September 30, 2021 | \n\n \u00a0 | \n\n $ | \n\n 155,429 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 40,134 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 195,563 | \n\n \u00a0 | \n
10.\u00a0\u00a0ACCRUED EXPENSES:
\nAccrued expenses consisted of the following as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n Payroll accruals | \n\n \u00a0 | \n\n $ | \n\n 23,142 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 42,138 | \n\n \u00a0 | \n
| \n Customer and storage accruals | \n\n \u00a0 | \n\n \u00a0 | \n\n 11,381 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 17,390 | \n\n \u00a0 | \n
| \n Sales and other taxes payable | \n\n \u00a0 | \n\n \u00a0 | \n\n 5,829 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 8,462 | \n\n \u00a0 | \n
| \n Other accruals | \n\n \u00a0 | \n\n \u00a0 | \n\n 11,264 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 18,604 | \n\n \u00a0 | \n
| \n Accrued expenses | \n\n \u00a0 | \n\n $ | \n\n 51,616 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 86,594 | \n\n \u00a0 | \n
\u00a0
\n\u00a0
\n\u00a0
"}]},{"name":"rpt:f-674","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nAccrued expenses consisted of the following as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n Payroll accruals | \n\n \u00a0 | \n\n $ | \n\n 23,142 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 42,138 | \n\n \u00a0 | \n
| \n Customer and storage accruals | \n\n \u00a0 | \n\n \u00a0 | \n\n 11,381 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 17,390 | \n\n \u00a0 | \n
| \n Sales and other taxes payable | \n\n \u00a0 | \n\n \u00a0 | \n\n 5,829 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 8,462 | \n\n \u00a0 | \n
| \n Other accruals | \n\n \u00a0 | \n\n \u00a0 | \n\n 11,264 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 18,604 | \n\n \u00a0 | \n
| \n Accrued expenses | \n\n \u00a0 | \n\n $ | \n\n 51,616 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 86,594 | \n\n \u00a0 | \n
\u00a0
\n\u00a0
"}]},{"name":"rpt:f-675","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BalanceSheetLocationAxis":"hzo:PayrollAccrualsMember"},"factValues":[{"value":"23142000","decimals":-3}]},{"name":"rpt:f-676","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BalanceSheetLocationAxis":"hzo:PayrollAccrualsMember"},"factValues":[{"value":"42138000","decimals":-3}]},{"name":"rpt:f-677","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BalanceSheetLocationAxis":"hzo:CustomerAndStorageAccrualsMember"},"factValues":[{"value":"11381000","decimals":-3}]},{"name":"rpt:f-678","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BalanceSheetLocationAxis":"hzo:CustomerAndStorageAccrualsMember"},"factValues":[{"value":"17390000","decimals":-3}]},{"name":"rpt:f-679","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BalanceSheetLocationAxis":"hzo:SalesAndOtherTaxesPayableMember"},"factValues":[{"value":"5829000","decimals":-3}]},{"name":"rpt:f-680","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BalanceSheetLocationAxis":"hzo:SalesAndOtherTaxesPayableMember"},"factValues":[{"value":"8462000","decimals":-3}]},{"name":"rpt:f-681","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BalanceSheetLocationAxis":"hzo:OtherAccrualsMember"},"factValues":[{"value":"11264000","decimals":-3}]},{"name":"rpt:f-682","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:BalanceSheetLocationAxis":"hzo:OtherAccrualsMember"},"factValues":[{"value":"18604000","decimals":-3}]},{"name":"rpt:f-683","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"51616000","decimals":-3}]},{"name":"rpt:f-684","factDimensions":{"xbrl:concept":"us-gaap:AccruedLiabilitiesCurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"86594000","decimals":-3}]},{"name":"rpt:f-685","factDimensions":{"xbrl:concept":"us-gaap:DebtDisclosureTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\n11.\u00a0\u00a0SHORT-TERM BORROWINGS AND LONG-TERM DEBT:
\nShort-term Borrowings
\nIn May 2020, we entered into a Loan and Security Agreement (the \u201cCredit Facility\u201d), with Wells Fargo Commercial Distribution Finance LLC, M&T Bank, Bank of the West, and Truist Bank. In July 2021, the Company amended its Credit Facility to increase the borrowing availability to $500.0 million, extend the term to expire by one year to , 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 provides the Company a line of credit with asset based borrowing availability of up to $500.0 million for working capital and inventory financing, with the amount permissible pursuant to a borrowing base formula. The Credit Facility expires in , subject to extension for two one-year periods, with lender approval.
\nThe Credit Facility has certain financial covenants as specified in the agreement. The covenants include provisions that our leverage ratio must not exceed 2.75 to 1.0 and that our current ratio must be greater than 1.2 to 1.0. The interest rate for amounts outstanding under the Credit Facility is 345 basis points plus the greater of 75 basis points or the one-month LIBOR. There is an unused line fee of ten basis points on the unused portion of the Credit Facility. In October 2021, we amended the Credit Facility to allow for the transition of the benchmark interest rate used from LIBOR to the Secured Overnight Finance Rate (SOFR).
\nAs of September 30, 2021, we were in compliance with all covenants under the Credit Facility.
\nNew inventory borrowing eligibility will generally mature 1,080\u00a0days from the original invoice date. Used inventory borrowing eligibility will generally mature 361\u00a0days from the date we acquire the used inventory. The collateral for the Credit Facility is all of our personal property with certain limited exceptions. None of our real estate has been pledged for collateral for the Credit Facility.
\nAs of September 30, 2021, our indebtedness associated with financing our inventory and working capital needs totaled approximately $24.1 million, and included unamortized debt issuance costs of approximately $0.2 million. As of September 30, 2020 and 2021, the interest rate on the outstanding short-term borrowings was approximately 4.20%. As of September 30, 2021, our additional available borrowings under our Credit Facility were approximately $79.0 million based upon the outstanding borrowing base availability.
\nAs 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.
\nThe 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 Credit Facility 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 Credit Facility also depends upon the ability of our lenders to meet their funding commitments, particularly if they experience shortages of capital or experience excessive volumes of borrowing requests from others during a short period of time. 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 Credit Facility to fund our operations. Any inability to utilize our Credit Facility 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.
\nSimilarly, 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.
\nLong-term Debt
\nThe below table summarizes the Company's long-term debt.
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n September 30, 2021 | \n\n \u00a0 | \n|
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n Mortgage facility payable to Flagship Bank bearing interest at 2.25% (prime minus 100 basis points with a \n\u00a0\u00a0 floor of 2.00%). Requires monthly principal and interest payments with a balloon payment of \n\u00a0\u00a0 approximately $4.0 million due . | \n\n \u00a0 | \n\n $ | \n\n 6,899 | \n\n \u00a0 | \n
| \n Mortgage facility payable to Seacoast National Bank bearing interest at 3.00% (greater of 3.00% or prime \n\u00a0\u00a0 minus 62.5 basis points). Requires monthly interest payments for the first year and then monthly principal \n\u00a0\u00a0 and interest payments with a balloon payment of approximately $6.0 million due . | \n\n \u00a0 | \n\n \u00a0 | \n\n 17,675 | \n\n \u00a0 | \n
| \n Mortgage facility payable to Hancock Whitney Bank bearing interest at 2.63% (prime minus 62.5 basis \n\u00a0\u00a0 points with a floor of 2.25%). Requires monthly principal and interest payments with a balloon \n\u00a0\u00a0 payment of approximately $15.5 million due . 50% of the outstanding borrowings \n\u00a0\u00a0 are hedged with an interest rate swap contract with a fixed rate of 3.20%. | \n\n \u00a0 | \n\n \u00a0 | \n\n 27,106 | \n\n \u00a0 | \n
| \n Revolving mortgage facility with FineMark National Bank & Trust bearing interest at 3.00% (prime minus \n\u00a0\u00a0 25 basis points with a floor of 3.00%). Facility matures in . Current available borrowings \n\u00a0\u00a0 under the facility were approximately $26.1 million at September 30, 2021. | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n Total long-term debt | \n\n \u00a0 | \n\n \u00a0 | \n\n 51,680 | \n\n \u00a0 | \n
| \n Less: current portion | \n\n \u00a0 | \n\n \u00a0 | \n\n (3,587 | \n\n ) | \n
| \n Less: unamortized portion of debt issuance costs | \n\n \u00a0 | \n\n \u00a0 | \n\n (595 | \n\n ) | \n
| \n Long-term debt, net current portion and unamortized debt issuance costs | \n\n \u00a0 | \n\n $ | \n\n 47,498 | \n\n \u00a0 | \n
\u00a0
\nAs of September 30, 2020, we had approximately $7.4 million under the mortgage facility payable to Flagship Bank.
\nAs of September 30, 2021, the aggregate maturities of long-term debt by fiscal year are summarized as follows:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n 2022 | \n\n \u00a0 | \n\n $ | \n\n 3,587 | \n\n \u00a0 | \n
| \n 2023 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,587 | \n\n \u00a0 | \n
| \n 2024 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,587 | \n\n \u00a0 | \n
| \n 2025 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,587 | \n\n \u00a0 | \n
| \n 2026 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,587 | \n\n \u00a0 | \n
| \n Thereafter | \n\n \u00a0 | \n\n \u00a0 | \n\n 33,745 | \n\n \u00a0 | \n
| \n Total long-term debt | \n\n \u00a0 | \n\n $ | \n\n 51,680 | \n\n \u00a0 | \n
\u00a0
"}]},{"name":"rpt:f-686","factDimensions":{"xbrl:concept":"us-gaap:LineOfCreditFacilityDescription","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember"},"factValues":[{"value":"the Company amended its Credit Facility to increase the borrowing availability to $500.0 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 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Credit Facility expires in July 2024, subject to extension for two one-year periods, with lender approval"}]},{"name":"rpt:f-691","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentCovenantCompliance","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember"},"factValues":[{"value":"The covenants include provisions that our leverage ratio must not exceed 2.75 to 1.0 and that our current ratio must be greater than 1.2 to 1.0."}]},{"name":"rpt:f-692","factDimensions":{"xbrl:concept":"hzo:CovenantsCreditFacilityLeverageRatio","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember"},"factValues":[{"value":"0.0275"}]},{"name":"rpt:f-693","factDimensions":{"xbrl:concept":"hzo:CurrentRatio","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","srt:RangeAxis":"srt:MinimumMember"},"factValues":[{"value":"0.012"}]},{"name":"rpt:f-694","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentInterestRateTerms","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember"},"factValues":[{"value":"The interest rate for amounts outstanding under the Credit Facility is 345 basis points plus the greater of 75 basis points or the one-month LIBOR."}]},{"name":"rpt:f-695","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentBasisSpreadOnVariableRate1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember"},"factValues":[{"value":"0.0345","decimals":4}]},{"name":"rpt:f-696","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentBasisSpreadOnVariableRate1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember"},"factValues":[{"value":"0.0075","decimals":4}]},{"name":"rpt:f-697","factDimensions":{"xbrl:concept":"us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember"},"factValues":[{"value":"0.0010","decimals":4}]},{"name":"rpt:f-698","factDimensions":{"xbrl:concept":"hzo:UsedInventoryFromUsedInventoryDatePeriod","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember"},"factValues":[{"value":"P361D"}]},{"name":"rpt:f-699","factDimensions":{"xbrl:concept":"us-gaap:PledgedAssetsNotSeparatelyReportedRealEstate","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:DebtInstrumentAxis":"hzo:CreditFacilityMember","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember"},"factValues":[{"value":"0"}]},{"name":"rpt:f-700","factDimensions":{"xbrl:concept":"us-gaap:LineOfCredit","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember"},"factValues":[{"value":"24100000","decimals":-5}]},{"name":"rpt:f-701","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentFairValue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"200000","decimals":-5}]},{"name":"rpt:f-702","factDimensions":{"xbrl:concept":"us-gaap:LineOfCreditFacilityInterestRateDuringPeriod","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember"},"factValues":[{"value":"0.0420","decimals":4}]},{"name":"rpt:f-703","factDimensions":{"xbrl:concept":"us-gaap:LineOfCreditFacilityInterestRateDuringPeriod","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:CreditFacilityAxis":"us-gaap:SecuredDebtMember"},"factValues":[{"value":"0.0420","decimals":4}]},{"name":"rpt:f-704","factDimensions":{"xbrl:concept":"hzo:InventoryFinancingAdditionalAvailableBorrowings","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"79000000.0","decimals":-5}]},{"name":"rpt:f-705","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfDebtTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe below table summarizes the Company's long-term debt.
\n| \n \u00a0 | \n\n \u00a0 | \n\n September 30, 2021 | \n\n \u00a0 | \n|
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n Mortgage facility payable to Flagship Bank bearing interest at 2.25% (prime minus 100 basis points with a \n\u00a0\u00a0 floor of 2.00%). Requires monthly principal and interest payments with a balloon payment of \n\u00a0\u00a0 approximately $4.0 million due . | \n\n \u00a0 | \n\n $ | \n\n 6,899 | \n\n \u00a0 | \n
| \n Mortgage facility payable to Seacoast National Bank bearing interest at 3.00% (greater of 3.00% or prime \n\u00a0\u00a0 minus 62.5 basis points). Requires monthly interest payments for the first year and then monthly principal \n\u00a0\u00a0 and interest payments with a balloon payment of approximately $6.0 million due . | \n\n \u00a0 | \n\n \u00a0 | \n\n 17,675 | \n\n \u00a0 | \n
| \n Mortgage facility payable to Hancock Whitney Bank bearing interest at 2.63% (prime minus 62.5 basis \n\u00a0\u00a0 points with a floor of 2.25%). Requires monthly principal and interest payments with a balloon \n\u00a0\u00a0 payment of approximately $15.5 million due . 50% of the outstanding borrowings \n\u00a0\u00a0 are hedged with an interest rate swap contract with a fixed rate of 3.20%. | \n\n \u00a0 | \n\n \u00a0 | \n\n 27,106 | \n\n \u00a0 | \n
| \n Revolving mortgage facility with FineMark National Bank & Trust bearing interest at 3.00% (prime minus \n\u00a0\u00a0 25 basis points with a floor of 3.00%). Facility matures in . Current available borrowings \n\u00a0\u00a0 under the facility were approximately $26.1 million at September 30, 2021. | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n Total long-term debt | \n\n \u00a0 | \n\n \u00a0 | \n\n 51,680 | \n\n \u00a0 | \n
| \n Less: current portion | \n\n \u00a0 | \n\n \u00a0 | \n\n (3,587 | \n\n ) | \n
| \n Less: unamortized portion of debt issuance costs | \n\n \u00a0 | \n\n \u00a0 | \n\n (595 | \n\n ) | \n
| \n Long-term debt, net current portion and unamortized debt issuance costs | \n\n \u00a0 | \n\n $ | \n\n 47,498 | \n\n \u00a0 | \n
\u00a0
"}]},{"name":"rpt:f-706","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentInterestRateStatedPercentage","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToFlagshipBankMember"},"factValues":[{"value":"0.0225","decimals":4}]},{"name":"rpt:f-707","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentBasisSpreadOnVariableRate1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToFlagshipBankMember"},"factValues":[{"value":"0.0100","decimals":4}]},{"name":"rpt:f-708","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentInterestRateStatedPercentage","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToFlagshipBankMember","us-gaap:FinancialInstrumentAxis":"us-gaap:InterestRateFloorMember"},"factValues":[{"value":"0.0200","decimals":4}]},{"name":"rpt:f-709","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToFlagshipBankMember"},"factValues":[{"value":"4000000.0","decimals":-5}]},{"name":"rpt:f-710","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebt","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToFlagshipBankMember"},"factValues":[{"value":"6899000","decimals":-3}]},{"name":"rpt:f-711","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentInterestRateStatedPercentage","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToSeacoastNationalBankMember"},"factValues":[{"value":"0.0300","decimals":4}]},{"name":"rpt:f-712","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentBasisSpreadOnVariableRate1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToSeacoastNationalBankMember"},"factValues":[{"value":"0.00625","decimals":5}]},{"name":"rpt:f-713","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToSeacoastNationalBankMember"},"factValues":[{"value":"6000000.0","decimals":-5}]},{"name":"rpt:f-714","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebt","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToSeacoastNationalBankMember"},"factValues":[{"value":"17675000","decimals":-3}]},{"name":"rpt:f-715","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentInterestRateStatedPercentage","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToHancockWhitneyBankMember"},"factValues":[{"value":"0.0263","decimals":4}]},{"name":"rpt:f-716","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentBasisSpreadOnVariableRate1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToHancockWhitneyBankMember"},"factValues":[{"value":"0.00625","decimals":5}]},{"name":"rpt:f-717","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentInterestRateStatedPercentage","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToHancockWhitneyBankMember","us-gaap:FinancialInstrumentAxis":"us-gaap:InterestRateFloorMember"},"factValues":[{"value":"0.0225","decimals":4}]},{"name":"rpt:f-718","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToHancockWhitneyBankMember"},"factValues":[{"value":"15500000","decimals":-5}]},{"name":"rpt:f-719","factDimensions":{"xbrl:concept":"us-gaap:PercentageOfDebtHedgedByInterestRateDerivatives","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToHancockWhitneyBankMember"},"factValues":[{"value":"0.50","decimals":2}]},{"name":"rpt:f-720","factDimensions":{"xbrl:concept":"us-gaap:DerivativeFixedInterestRate","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToHancockWhitneyBankMember"},"factValues":[{"value":"0.0320","decimals":4}]},{"name":"rpt:f-721","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebt","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:MortgageFacilityPayableToHancockWhitneyBankMember"},"factValues":[{"value":"27106000","decimals":-3}]},{"name":"rpt:f-722","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentInterestRateStatedPercentage","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:RevolvingMortgageFacilityWithFineMarkNationalBankTrustMember"},"factValues":[{"value":"0.0300","decimals":4}]},{"name":"rpt:f-723","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentBasisSpreadOnVariableRate1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:RevolvingMortgageFacilityWithFineMarkNationalBankTrustMember"},"factValues":[{"value":"0.0025","decimals":4}]},{"name":"rpt:f-724","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentInterestRateStatedPercentage","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:RevolvingMortgageFacilityWithFineMarkNationalBankTrustMember","us-gaap:FinancialInstrumentAxis":"us-gaap:InterestRateFloorMember"},"factValues":[{"value":"0.0300","decimals":4}]},{"name":"rpt:f-725","factDimensions":{"xbrl:concept":"us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember","us-gaap:DebtInstrumentAxis":"hzo:RevolvingMortgageFacilityWithFineMarkNationalBankTrustMember"},"factValues":[{"value":"26100000","decimals":-5}]},{"name":"rpt:f-726","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebt","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember"},"factValues":[{"value":"51680000","decimals":-3}]},{"name":"rpt:f-727","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtCurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"3587000","decimals":-3}]},{"name":"rpt:f-728","factDimensions":{"xbrl:concept":"us-gaap:UnamortizedDebtIssuanceExpense","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"595000","decimals":-3}]},{"name":"rpt:f-729","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtNoncurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"47498000","decimals":-3}]},{"name":"rpt:f-730","factDimensions":{"xbrl:concept":"us-gaap:LongTermDebtNoncurrent","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:LongtermDebtTypeAxis":"us-gaap:MortgagesMember"},"factValues":[{"value":"7400000","decimals":-5}]},{"name":"rpt:f-731","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nAs of September 30, 2021, the aggregate maturities of long-term debt by fiscal year are summarized as follows:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|
| \n 2022 | \n\n \u00a0 | \n\n $ | \n\n 3,587 | \n\n \u00a0 | \n
| \n 2023 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,587 | \n\n \u00a0 | \n
| \n 2024 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,587 | \n\n \u00a0 | \n
| \n 2025 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,587 | \n\n \u00a0 | \n
| \n 2026 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,587 | \n\n \u00a0 | \n
| \n Thereafter | \n\n \u00a0 | \n\n \u00a0 | \n\n 33,745 | \n\n \u00a0 | \n
| \n Total long-term debt | \n\n \u00a0 | \n\n $ | \n\n 51,680 | \n\n \u00a0 | \n
12.\u00a0\u00a0INCOME TAXES:
\nIncome before income tax provision consisted of the following components for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Income before income tax provision: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n United States | \n\n \u00a0 | \n\n $ | \n\n 46,986 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 94,854 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 202,643 | \n\n \u00a0 | \n
| \n Other | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,967 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,586 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,151 | \n\n \u00a0 | \n
| \n Total | \n\n \u00a0 | \n\n $ | \n\n 48,953 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 97,440 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 205,794 | \n\n \u00a0 | \n
\u00a0
\n\u00a0
\nThe components of our provision from income taxes consisted of the following for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Current provision: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Federal | \n\n \u00a0 | \n\n $ | \n\n 7,933 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 17,654 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 38,028 | \n\n \u00a0 | \n
| \n Foreign | \n\n \u00a0 | \n\n \u00a0 | \n\n 516 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 654 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,516 | \n\n \u00a0 | \n
| \n State | \n\n \u00a0 | \n\n \u00a0 | \n\n 135 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,365 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6,527 | \n\n \u00a0 | \n
| \n Total current provision | \n\n \u00a0 | \n\n $ | \n\n 8,584 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 19,673 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 46,071 | \n\n \u00a0 | \n
| \n Deferred provision: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Federal | \n\n \u00a0 | \n\n $ | \n\n 2,285 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,262 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 4,201 | \n\n \u00a0 | \n
| \n Foreign | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n State | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,099 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 871 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 543 | \n\n \u00a0 | \n
| \n Total deferred provision | \n\n \u00a0 | \n\n \u00a0 | \n\n 4,384 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,133 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 4,744 | \n\n \u00a0 | \n
| \n Total income tax provision | \n\n \u00a0 | \n\n $ | \n\n 12,968 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 22,806 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 50,815 | \n\n \u00a0 | \n
\u00a0
\nBelow is a reconciliation of the statutory federal income tax rate to our effective tax rate for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n Federal tax provision | \n\n \u00a0 | \n\n \u00a0 | \n\n 21.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 21.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 21.0 | \n\n % | \n
| \n State taxes, net of federal benefit | \n\n \u00a0 | \n\n \u00a0 | \n\n 4.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.7 | \n\n % | \n
| \n Stock-based compensation | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.5 | \n\n )% | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.7 | \n\n )% | \n
| \n Valuation allowance | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.1 | \n\n )% | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.2 | \n\n )% | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n Foreign rate differential | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.1 | \n\n % | \n
| \n Other | \n\n \u00a0 | \n\n \u00a0 | \n\n 1.3 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.1 | \n\n )% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.6 | \n\n % | \n
| \n Effective tax rate | \n\n \u00a0 | \n\n \u00a0 | \n\n 26.5 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 23.4 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 24.7 | \n\n % | \n
\u00a0
\nDeferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax purposes. The tax effects of these temporary differences representing the components of deferred tax assets as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n Deferred tax assets: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Inventories | \n\n \u00a0 | \n\n $ | \n\n 808 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 771 | \n\n \u00a0 | \n
| \n Operating lease liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n 9,926 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 25,924 | \n\n \u00a0 | \n
| \n Accrued expenses | \n\n \u00a0 | \n\n \u00a0 | \n\n 640 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,225 | \n\n \u00a0 | \n
| \n Stock-based compensation | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,170 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,810 | \n\n \u00a0 | \n
| \n Tax loss carryforwards | \n\n \u00a0 | \n\n \u00a0 | \n\n 810 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 667 | \n\n \u00a0 | \n
| \n Other | \n\n \u00a0 | \n\n \u00a0 | \n\n 268 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 852 | \n\n \u00a0 | \n
| \n Total long-term deferred tax assets | \n\n \u00a0 | \n\n $ | \n\n 14,622 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 32,249 | \n\n \u00a0 | \n
| \n Deferred tax liabilities: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Depreciation and amortization | \n\n \u00a0 | \n\n \u00a0 | \n\n (9,095 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n (16,226 | \n\n ) | \n
| \n Operating lease right-of-use assets | \n\n \u00a0 | \n\n \u00a0 | \n\n (10,036 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n (25,291 | \n\n ) | \n
| \n Total long-term deferred tax liabilities | \n\n \u00a0 | \n\n $ | \n\n (19,131 | \n\n ) | \n\n \u00a0 | \n\n $ | \n\n (41,517 | \n\n ) | \n
| \n Net deferred tax liabilities | \n\n \u00a0 | \n\n $ | \n\n (4,509 | \n\n ) | \n\n \u00a0 | \n\n $ | \n\n (9,268 | \n\n ) | \n
\u00a0
\nPursuant to ASC 740, we must consider all positive and negative evidence regarding the realization of deferred tax assets. ASC 740 provides four possible sources of taxable income to realize deferred tax assets: 1) taxable income in prior carryback years, 2) reversals of existing deferred tax liabilities, 3) tax planning strategies and 4) projected future taxable income. As of September 30, 2021, we have no available taxable income in prior carryback years, limited reversals of existing deferred tax liabilities or prudent and
\nfeasible tax planning strategies. Therefore, the recoverability of our deferred tax assets is dependent upon generating future taxable income.
\nAs of September 30, 2017, we no longer had federal NOL carryforwards for federal income tax purposes. As of September 30, 2021, the Company has state NOL carryforwards of approximately $11.4 million for state income tax purposes, which resulted in a deferred tax asset of $0.7 million, and expire at various dates from 2029 through 2032.
\nSignificant judgment is required in evaluating our uncertain tax positions. Although we believe our tax return positions are sustainable, we recognize tax benefits from uncertain tax positions in the consolidated financial statements only when it is more likely than not that the positions will not be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits and a consideration of the relevant taxing authority\u2019s administrative practices and precedents. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences will impact the provision for income taxes in the period in which such determination is made. The provision for income taxes includes the impact of reserve provisions and changes to reserves that are considered appropriate, as well as the related net interest and penalties.
\nWe are subject to tax by federal, state, and foreign taxing authorities. Until the respective statutes of limitations expire, we are subject to income tax audits in the jurisdictions in which we operate. We are no longer subject to U.S. federal tax assessments for fiscal years prior to 2018, we are not subject to assessments prior to the 2015 fiscal year for the majority of the State jurisdictions and we are not subject to assessments prior to the 2016 calendar year for the majority of the foreign jurisdictions.
"}]},{"name":"rpt:f-740","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nIncome before income tax provision consisted of the following components for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Income before income tax provision: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n United States | \n\n \u00a0 | \n\n $ | \n\n 46,986 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 94,854 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 202,643 | \n\n \u00a0 | \n
| \n Other | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,967 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,586 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,151 | \n\n \u00a0 | \n
| \n Total | \n\n \u00a0 | \n\n $ | \n\n 48,953 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 97,440 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 205,794 | \n\n \u00a0 | \n
The components of our provision from income taxes consisted of the following for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Current provision: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Federal | \n\n \u00a0 | \n\n $ | \n\n 7,933 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 17,654 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 38,028 | \n\n \u00a0 | \n
| \n Foreign | \n\n \u00a0 | \n\n \u00a0 | \n\n 516 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 654 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,516 | \n\n \u00a0 | \n
| \n State | \n\n \u00a0 | \n\n \u00a0 | \n\n 135 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,365 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6,527 | \n\n \u00a0 | \n
| \n Total current provision | \n\n \u00a0 | \n\n $ | \n\n 8,584 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 19,673 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 46,071 | \n\n \u00a0 | \n
| \n Deferred provision: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Federal | \n\n \u00a0 | \n\n $ | \n\n 2,285 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,262 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 4,201 | \n\n \u00a0 | \n
| \n Foreign | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n State | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,099 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 871 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 543 | \n\n \u00a0 | \n
| \n Total deferred provision | \n\n \u00a0 | \n\n \u00a0 | \n\n 4,384 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 3,133 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 4,744 | \n\n \u00a0 | \n
| \n Total income tax provision | \n\n \u00a0 | \n\n $ | \n\n 12,968 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 22,806 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 50,815 | \n\n \u00a0 | \n
Below is a reconciliation of the statutory federal income tax rate to our effective tax rate for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n Federal tax provision | \n\n \u00a0 | \n\n \u00a0 | \n\n 21.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 21.0 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 21.0 | \n\n % | \n
| \n State taxes, net of federal benefit | \n\n \u00a0 | \n\n \u00a0 | \n\n 4.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 3.7 | \n\n % | \n
| \n Stock-based compensation | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.5 | \n\n )% | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.7 | \n\n )% | \n
| \n Valuation allowance | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.1 | \n\n )% | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.2 | \n\n )% | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n
| \n Foreign rate differential | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.2 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.1 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.1 | \n\n % | \n
| \n Other | \n\n \u00a0 | \n\n \u00a0 | \n\n 1.3 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n (0.1 | \n\n )% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.6 | \n\n % | \n
| \n Effective tax rate | \n\n \u00a0 | \n\n \u00a0 | \n\n 26.5 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 23.4 | \n\n % | \n\n \u00a0 | \n\n \u00a0 | \n\n 24.7 | \n\n % | \n
Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax purposes. The tax effects of these temporary differences representing the components of deferred tax assets as of September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||
| \n Deferred tax assets: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Inventories | \n\n \u00a0 | \n\n $ | \n\n 808 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 771 | \n\n \u00a0 | \n
| \n Operating lease liabilities | \n\n \u00a0 | \n\n \u00a0 | \n\n 9,926 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 25,924 | \n\n \u00a0 | \n
| \n Accrued expenses | \n\n \u00a0 | \n\n \u00a0 | \n\n 640 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,225 | \n\n \u00a0 | \n
| \n Stock-based compensation | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,170 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2,810 | \n\n \u00a0 | \n
| \n Tax loss carryforwards | \n\n \u00a0 | \n\n \u00a0 | \n\n 810 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 667 | \n\n \u00a0 | \n
| \n Other | \n\n \u00a0 | \n\n \u00a0 | \n\n 268 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 852 | \n\n \u00a0 | \n
| \n Total long-term deferred tax assets | \n\n \u00a0 | \n\n $ | \n\n 14,622 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 32,249 | \n\n \u00a0 | \n
| \n Deferred tax liabilities: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Depreciation and amortization | \n\n \u00a0 | \n\n \u00a0 | \n\n (9,095 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n (16,226 | \n\n ) | \n
| \n Operating lease right-of-use assets | \n\n \u00a0 | \n\n \u00a0 | \n\n (10,036 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n (25,291 | \n\n ) | \n
| \n Total long-term deferred tax liabilities | \n\n \u00a0 | \n\n $ | \n\n (19,131 | \n\n ) | \n\n \u00a0 | \n\n $ | \n\n (41,517 | \n\n ) | \n
| \n Net deferred tax liabilities | \n\n \u00a0 | \n\n $ | \n\n (4,509 | \n\n ) | \n\n \u00a0 | \n\n $ | \n\n (9,268 | \n\n ) | \n
13.\u00a0\u00a0SHAREHOLDERS\u2019 EQUITY:
\nIn March 2020, our Board of Directors approved a new share repurchase plan allowing the Company to repurchase up to 10 million shares of our common stock through March 2022. Under the plan, we may buy back common stock from time to time in the open market or in privately negotiated blocks, dependent upon various factors, including price and availability of the shares, and general market conditions. Through September\u00a030, 2021 we had purchased an aggregate of 6,767,021 shares of common stock under the current and historical share repurchase plans for an aggregate purchase price of approximately $127.4 million. As of September 30, 2021, approximately 9.4 million shares remained available for future purchases under the share repurchase program.
"}]},{"name":"rpt:f-824","factDimensions":{"xbrl:concept":"us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased","xbrl:period":"2020-04-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares"},"factValues":[{"value":"10000000"}]},{"name":"rpt:f-825","factDimensions":{"xbrl:concept":"us-gaap:TreasuryStockShares","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares"},"factValues":[{"value":"6767021"}]},{"name":"rpt:f-826","factDimensions":{"xbrl:concept":"us-gaap:TreasuryStockValue","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"127400000","decimals":-5}]},{"name":"rpt:f-827","factDimensions":{"xbrl:concept":"us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"9400000","decimals":-5}]},{"name":"rpt:f-828","factDimensions":{"xbrl:concept":"us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\n14.\u00a0\u00a0STOCK-BASED COMPENSATION:
\nWe account for our stock-based compensation plans following the provisions of FASB ASC 718, \u201cCompensation\u00a0\u2014 Stock Compensation\u201d (\u201cASC 718\u201d). In accordance with ASC 718, we use the Black-Scholes valuation model for valuing all options granted (Note 16) and shares purchased under our Amended 2008 Employee Stock Purchase Plan (\u201cStock Purchase Plan\u201d). We measure compensation for restricted stock awards and restricted stock units (Note 17) 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.
\nStock-based compensation expense recorded in selling, general, and administrative expenses was approximately $6.5 million, $7.5 million, and $9.7 million, for the fiscal years ended September 30, 2019, 2020, and 2021, respectively.
\nCash received from option exercises under all share-based compensation arrangements for the fiscal years ended September\u00a030, 2019, 2020 and 2021 was approximately $2.4 million, $4.6 million, and $2.6 million, respectively. We currently expect to satisfy share-based awards with registered shares available to be issued from the Stock Purchase Plan.
"}]},{"name":"rpt:f-829","factDimensions":{"xbrl:concept":"us-gaap:AllocatedShareBasedCompensationExpense","xbrl:period":"2018-10-01T00:00:00/2019-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:IncomeStatementLocationAxis":"us-gaap:SellingGeneralAndAdministrativeExpensesMember"},"factValues":[{"value":"6500000","decimals":-5}]},{"name":"rpt:f-830","factDimensions":{"xbrl:concept":"us-gaap:AllocatedShareBasedCompensationExpense","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:IncomeStatementLocationAxis":"us-gaap:SellingGeneralAndAdministrativeExpensesMember"},"factValues":[{"value":"7500000","decimals":-5}]},{"name":"rpt:f-831","factDimensions":{"xbrl:concept":"us-gaap:AllocatedShareBasedCompensationExpense","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:IncomeStatementLocationAxis":"us-gaap:SellingGeneralAndAdministrativeExpensesMember"},"factValues":[{"value":"9700000","decimals":-5}]},{"name":"rpt:f-832","factDimensions":{"xbrl:concept":"us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions","xbrl:period":"2018-10-01T00:00:00/2019-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"2400000","decimals":-5}]},{"name":"rpt:f-833","factDimensions":{"xbrl:concept":"us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"4600000","decimals":-5}]},{"name":"rpt:f-834","factDimensions":{"xbrl:concept":"us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"2600000","decimals":-5}]},{"name":"rpt:f-835","factDimensions":{"xbrl:concept":"hzo:IncentiveStockPlansTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\n15. THE INCENTIVE STOCK PLANS:
\nIn February 2020, our shareholders approved a proposal to amend the 2011 Stock-Based Compensation Plan (\u201c2011 Plan\u201d) to increase the 3,200,456 share threshold by 1,000,000 shares to 4,200,456 shares. In January 2011, our shareholders approved a proposal to authorize our 2011 Plan, which replaced our 2007 Incentive Compensation Plan (\u201c2007 Plan\u201d). Our 2011 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 \u201cawards\u201d), that may be settled in cash, stock, or other property. Our 2011 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. Subsequent to the February 2020 amendment described above, the total number of shares of our common stock that may be subject to awards under the 2011 Plan is equal to 4,000,000 shares, plus: (i)\u00a0any shares available for issuance and not subject to an award under the 2007 Plan, which was 200,456 shares at the time of approval of the 2011 Plan; (ii)\u00a0the number of shares with respect to which awards granted under the 2011 Plan and the 2007 Plan terminate without the issuance of the shares or where the
\nshares are forfeited or repurchased; (iii)\u00a0with respect to awards granted under 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)\u00a0the 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 2011 Plan or the 2007 Plan. The 2011 Plan terminates in February 2030, and awards may be granted at any time during the life of the 2011 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 2011 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.
\nThe following table summarizes activity from our incentive stock plans from September 30, 2020 through September 30, 2021:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n Shares \nAvailable \nfor Grant | \n\n \u00a0 | \n\n \u00a0 | \n\n Options \nOutstanding | \n\n \u00a0 | \n\n \u00a0 | \n\n Aggregate \nIntrinsic \nValue \n(Amounts in thousands) | \n\n \u00a0 | \n\n \u00a0 | \n\n Weighted \nAverage \nExercise \nPrice | \n\n \u00a0 | \n\n \u00a0 | \n\n Weighted \nAverage \nRemaining \nContractual \nLife | \n\n \u00a0 | \n|||||
| \n Balance as of September 30, 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,275,415 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 196,329 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,636 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12.12 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n | \n\n \u00a0 | \n
| \n Options granted | \n\n \u00a0 | \n\n \u00a0 | \n\n (5,000 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n 5,000 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 48.52 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Options cancelled/forfeited/expired | \n\n \u00a0 | \n\n \u00a0 | \n\n 10,000 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (10,000 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.54 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Options exercised | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (76,079 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 13.68 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Restricted stock awards granted | \n\n \u00a0 | \n\n \u00a0 | \n\n (344,616 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Restricted stock awards forfeited | \n\n \u00a0 | \n\n \u00a0 | \n\n 6,325 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Additional shares of stock issued | \n\n \u00a0 | \n\n \u00a0 | \n\n (24,063 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Balance as of September 30, 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n 918,061 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 115,250 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 4,085 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 13.08 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n | \n\n \u00a0 | \n
| \n Exercisable as of September 30, 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 110,916 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 4,044 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12.06 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n | \n\n \u00a0 | \n
\u00a0
\nNo options were granted during the fiscal years ended September 30, 2019, and 2020. The weighted-average grant date fair value of options granted during the fiscal year ended September 30, 2021 was $25.29. The total intrinsic value of options exercised during the fiscal years ended September 30, 2019, 2020 and 2021 was approximately $1.4 million, $3.8 million, and $1.8 million, respectively.
\nAs of September 30, 2021, there was approximately $0.1 million of unrecognized compensation costs related to non-vested options that are expected to be recognized over a weighted average period of 2.0 years.
\nWe 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.
"}]},{"name":"rpt:f-836","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized","xbrl:period":"2011-02-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares","us-gaap:PlanNameAxis":"hzo:IncentiveStockPlanTwoThousandElevenMember"},"factValues":[{"value":"3200456"}]},{"name":"rpt:f-837","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized","xbrl:period":"2020-02-01T00:00:00/2020-03-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares","us-gaap:PlanNameAxis":"hzo:IncentiveStockPlanTwoThousandElevenMember"},"factValues":[{"value":"1000000"}]},{"name":"rpt:f-838","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized","xbrl:period":"2020-03-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares","us-gaap:PlanNameAxis":"hzo:IncentiveStockPlanTwoThousandElevenMember","srt:RangeAxis":"srt:MaximumMember"},"factValues":[{"value":"4200456"}]},{"name":"rpt:f-839","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares","us-gaap:PlanNameAxis":"hzo:IncentiveStockPlanTwoThousandElevenMember","us-gaap:AwardTypeAxis":"hzo:SubjectToAwardMember"},"factValues":[{"value":"4000000"}]},{"name":"rpt:f-840","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares","us-gaap:PlanNameAxis":"hzo:IncentiveStockPlanTwoThousandSevenMember"},"factValues":[{"value":"200456"}]},{"name":"rpt:f-841","factDimensions":{"xbrl:concept":"hzo:StockIncentivePlanExpiration","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:PlanNameAxis":"hzo:IncentiveStockPlanTwoThousandElevenMember"},"factValues":[{"value":"2030-02"}]},{"name":"rpt:f-842","factDimensions":{"xbrl:concept":"hzo:StockIncentivePlanContractualTermMaximum","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:PlanNameAxis":"hzo:IncentiveStockPlanTwoThousandElevenMember"},"factValues":[{"value":"P10Y"}]},{"name":"rpt:f-843","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe following table summarizes activity from our incentive stock plans from September 30, 2020 through September 30, 2021:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n Shares \nAvailable \nfor Grant | \n\n \u00a0 | \n\n \u00a0 | \n\n Options \nOutstanding | \n\n \u00a0 | \n\n \u00a0 | \n\n Aggregate \nIntrinsic \nValue \n(Amounts in thousands) | \n\n \u00a0 | \n\n \u00a0 | \n\n Weighted \nAverage \nExercise \nPrice | \n\n \u00a0 | \n\n \u00a0 | \n\n Weighted \nAverage \nRemaining \nContractual \nLife | \n\n \u00a0 | \n|||||
| \n Balance as of September 30, 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 1,275,415 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 196,329 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,636 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12.12 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n | \n\n \u00a0 | \n
| \n Options granted | \n\n \u00a0 | \n\n \u00a0 | \n\n (5,000 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n 5,000 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 48.52 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Options cancelled/forfeited/expired | \n\n \u00a0 | \n\n \u00a0 | \n\n 10,000 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (10,000 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 7.54 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Options exercised | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (76,079 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 13.68 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Restricted stock awards granted | \n\n \u00a0 | \n\n \u00a0 | \n\n (344,616 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Restricted stock awards forfeited | \n\n \u00a0 | \n\n \u00a0 | \n\n 6,325 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Additional shares of stock issued | \n\n \u00a0 | \n\n \u00a0 | \n\n (24,063 | \n\n ) | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Balance as of September 30, 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n 918,061 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 115,250 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 4,085 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 13.08 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n | \n\n \u00a0 | \n
| \n Exercisable as of September 30, 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 110,916 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 4,044 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12.06 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n | \n\n \u00a0 | \n
16.\u00a0\u00a0EMPLOYEE STOCK PURCHASE PLAN:
\nIn 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)\u00a085% of the closing price of the common stock on the first day of the offering or (ii)\u00a085% 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\u2019s earnings during each offering period. However, no participant may purchase more than $25,000 worth of common stock annually.
\nWe 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.\u00a0Treasury yield curve in effect at the time of grant.
\nThe following are the weighted-average assumptions used for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n
| \n Dividend yield | \n\n \u00a0 | \n\n 0.0% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.0% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.0% | \n\n \u00a0 | \n
| \n Risk-free interest rate | \n\n \u00a0 | \n\n 2.4% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.8% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.1% | \n\n \u00a0 | \n
| \n Volatility | \n\n \u00a0 | \n\n 48.3% | \n\n \u00a0 | \n\n \u00a0 | \n\n 69.7% | \n\n \u00a0 | \n\n \u00a0 | \n\n 69.6% | \n\n \u00a0 | \n
| \n Expected life | \n\n \u00a0 | \n\n Six months | \n\n \u00a0 | \n\n \u00a0 | \n\n Six months | \n\n \u00a0 | \n\n \u00a0 | \n\n Six months | \n\n \u00a0 | \n
\u00a0
\nAs of September 30, 2021, we had issued 1,139,547 shares of common stock under our Stock Purchase Plan.
"}]},{"name":"rpt:f-875","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized","xbrl:period":"2019-02-01T00:00:00/2019-03-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares","us-gaap:PlanNameAxis":"hzo:StockPurchasePlanMember"},"factValues":[{"value":"500000"}]},{"name":"rpt:f-876","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares","us-gaap:PlanNameAxis":"hzo:StockPurchasePlanMember"},"factValues":[{"value":"1500000"}]},{"name":"rpt:f-877","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:PlanNameAxis":"hzo:StockPurchasePlanMember"},"factValues":[{"value":"P1Y"}]},{"name":"rpt:f-878","factDimensions":{"xbrl:concept":"us-gaap:CommonStockCapitalSharesReservedForFutureIssuance","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"xbrla:shares","us-gaap:PlanNameAxis":"hzo:NineteenNinetyEightEmployeeStockPurchasePlanMember"},"factValues":[{"value":"52837"}]},{"name":"rpt:f-879","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:PlanNameAxis":"hzo:StockPurchasePlanMember"},"factValues":[{"value":"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."}]},{"name":"rpt:f-880","factDimensions":{"xbrl:concept":"us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:PlanNameAxis":"hzo:StockPurchasePlanMember"},"factValues":[{"value":"0.85"}]},{"name":"rpt:f-881","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:PlanNameAxis":"hzo:StockPurchasePlanMember"},"factValues":[{"value":"0.10"}]},{"name":"rpt:f-882","factDimensions":{"xbrl:concept":"hzo:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfCommonStockValuePerEmployee","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD","us-gaap:PlanNameAxis":"hzo:StockPurchasePlanMember"},"factValues":[{"value":"25000"}]},{"name":"rpt:f-883","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe following are the weighted-average assumptions used for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n
| \n Dividend yield | \n\n \u00a0 | \n\n 0.0% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.0% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.0% | \n\n \u00a0 | \n
| \n Risk-free interest rate | \n\n \u00a0 | \n\n 2.4% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.8% | \n\n \u00a0 | \n\n \u00a0 | \n\n 0.1% | \n\n \u00a0 | \n
| \n Volatility | \n\n \u00a0 | \n\n 48.3% | \n\n \u00a0 | \n\n \u00a0 | \n\n 69.7% | \n\n \u00a0 | \n\n \u00a0 | \n\n 69.6% | \n\n \u00a0 | \n
| \n Expected life | \n\n \u00a0 | \n\n Six months | \n\n \u00a0 | \n\n \u00a0 | \n\n Six months | \n\n \u00a0 | \n\n \u00a0 | \n\n Six months | \n\n \u00a0 | \n
17.\u00a0\u00a0RESTRICTED STOCK AWARDS:
\nWe have granted non-vested (restricted) stock awards (\u201crestricted stock\u201d) and restricted stock units (\u201cRSUs\u201d) to employees, directors, and officers pursuant to 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.
\nThe following table summarizes restricted stock award activity from September 30, 2020 through September 30, 2021:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n Shares/ \nUnits | \n\n \u00a0 | \n\n \u00a0 | \n\n Weighted \nAverage \nGrant Date \nFair Value | \n\n \u00a0 | \n||
| \n Non-vested balance as of September 30, 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 902,631 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 18.08 | \n\n \u00a0 | \n
| \n Changes during the period: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Awards granted | \n\n \u00a0 | \n\n \u00a0 | \n\n 344,616 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 30.54 | \n\n \u00a0 | \n
| \n Awards vested | \n\n \u00a0 | \n\n \u00a0 | \n\n (329,493 | \n\n ) | \n\n \u00a0 | \n\n $ | \n\n 19.32 | \n\n \u00a0 | \n
| \n Awards forfeited | \n\n \u00a0 | \n\n \u00a0 | \n\n (6,325 | \n\n ) | \n\n \u00a0 | \n\n $ | \n\n 19.82 | \n\n \u00a0 | \n
| \n Non-vested balance as of September 30, 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n 911,429 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 22.33 | \n\n \u00a0 | \n
\u00a0
\nAs of September 30, 2021, we had approximately $11.1 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.
"}]},{"name":"rpt:f-898","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:AwardTypeAxis":"us-gaap:RestrictedStockMember","srt:RangeAxis":"srt:MinimumMember"},"factValues":[{"value":"P2Y"}]},{"name":"rpt:f-899","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:AwardTypeAxis":"us-gaap:RestrictedStockMember","srt:RangeAxis":"srt:MaximumMember"},"factValues":[{"value":"P4Y"}]},{"name":"rpt:f-900","factDimensions":{"xbrl:concept":"hzo:ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageEarningRange","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:AwardTypeAxis":"us-gaap:RestrictedStockMember","srt:RangeAxis":"srt:MinimumMember"},"factValues":[{"value":"0"}]},{"name":"rpt:f-901","factDimensions":{"xbrl:concept":"hzo:ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageEarningRange","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","us-gaap:AwardTypeAxis":"us-gaap:RestrictedStockMember","srt:RangeAxis":"srt:MaximumMember"},"factValues":[{"value":"1.75"}]},{"name":"rpt:f-902","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe following table summarizes restricted stock award activity from September 30, 2020 through September 30, 2021:
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n Shares/ \nUnits | \n\n \u00a0 | \n\n \u00a0 | \n\n Weighted \nAverage \nGrant Date \nFair Value | \n\n \u00a0 | \n||
| \n Non-vested balance as of September 30, 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 902,631 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 18.08 | \n\n \u00a0 | \n
| \n Changes during the period: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Awards granted | \n\n \u00a0 | \n\n \u00a0 | \n\n 344,616 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 30.54 | \n\n \u00a0 | \n
| \n Awards vested | \n\n \u00a0 | \n\n \u00a0 | \n\n (329,493 | \n\n ) | \n\n \u00a0 | \n\n $ | \n\n 19.32 | \n\n \u00a0 | \n
| \n Awards forfeited | \n\n \u00a0 | \n\n \u00a0 | \n\n (6,325 | \n\n ) | \n\n \u00a0 | \n\n $ | \n\n 19.82 | \n\n \u00a0 | \n
| \n Non-vested balance as of September 30, 2021 | \n\n \u00a0 | \n\n \u00a0 | \n\n 911,429 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 22.33 | \n\n \u00a0 | \n
18.\u00a0\u00a0NET INCOME PER SHARE:
\nThe following table presents shares used in the calculation of basic and diluted net income per share for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n Weighted average common shares outstanding used in \n\u00a0\u00a0 calculating basic net income per share | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,294,114 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 21,547,665 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,010,130 | \n\n \u00a0 | \n
| \n Effect of dilutive options and non-vested restricted \n\u00a0\u00a0 stock awards | \n\n \u00a0 | \n\n \u00a0 | \n\n 587,033 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 577,673 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 849,368 | \n\n \u00a0 | \n
| \n Weighted average common and common equivalent \n\u00a0\u00a0 shares used in calculating diluted net income per share | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,881,147 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,125,338 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,859,498 | \n\n \u00a0 | \n
\u00a0
\n\u00a0
\nFor the fiscal years ended September 30, 2019, 2020, and 2021 there were 10,988, 9,650, and 1,619 weighted average shares of options outstanding, respectively, that were not included in the computation of diluted net income per share because the options\u2019 exercise prices were greater than the average market price of our common stock, and therefore, their effect would be anti-dilutive.
"}]},{"name":"rpt:f-916","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfWeightedAverageNumberOfSharesTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe following table presents shares used in the calculation of basic and diluted net income per share for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n Weighted average common shares outstanding used in \n\u00a0\u00a0 calculating basic net income per share | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,294,114 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 21,547,665 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,010,130 | \n\n \u00a0 | \n
| \n Effect of dilutive options and non-vested restricted \n\u00a0\u00a0 stock awards | \n\n \u00a0 | \n\n \u00a0 | \n\n 587,033 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 577,673 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 849,368 | \n\n \u00a0 | \n
| \n Weighted average common and common equivalent \n\u00a0\u00a0 shares used in calculating diluted net income per share | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,881,147 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,125,338 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 22,859,498 | \n\n \u00a0 | \n
19.\u00a0\u00a0COMMITMENTS AND CONTINGENCIES:
\nWe 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 September 30, 2021, we believe that these matters should not have a material adverse effect on our consolidated financial condition, results of operations or cash flows.
\nDuring the fiscal years ended September 30, 2019, and 2020, we incurred costs associated with store closings and lease terminations of approximately $3.1 million and $1.7 million, respectively. During the fiscal year ended September 30, 2021, we incurred no costs associated with store closings and lease terminations. The store closing costs have been included in selling, general, and administrative expenses in the accompanying Consolidated Statements of Operations.
\nIn connection with certain of our workers\u2019 compensation insurance policies, we maintain standby letters of credit for our insurance carriers in the amount of $1.6 million relating primarily to retained risk on our workers compensation claims.
\nWe are subject to federal and state environmental regulations, including rules relating to air and water pollution and the storage and disposal of gasoline, oil, other chemicals and waste. We believe that we are in compliance with such regulations.
"}]},{"name":"rpt:f-930","factDimensions":{"xbrl:concept":"us-gaap:BusinessExitCosts1","xbrl:period":"2018-10-01T00:00:00/2019-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"3100000","decimals":-5}]},{"name":"rpt:f-931","factDimensions":{"xbrl:concept":"us-gaap:BusinessExitCosts1","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"1700000","decimals":-5}]},{"name":"rpt:f-932","factDimensions":{"xbrl:concept":"us-gaap:BusinessExitCosts1","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"0","decimals":0}]},{"name":"rpt:f-933","factDimensions":{"xbrl:concept":"us-gaap:PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForLetterOfCreditFacilities","xbrl:period":"2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"1600000","decimals":-5}]},{"name":"rpt:f-934","factDimensions":{"xbrl:concept":"us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\n20.\u00a0\u00a0EMPLOYEE 401(k) PROFIT SHARING PLANS:
\nEmployees are eligible to participate in our 401(k) Profit Sharing Plan (the \u201cPlan\u201d) following their 90-day introductory period starting either April 1 or October 1, provided that they are 21 years of age. Under the Plan, we matched 50% of participants\u2019 contributions, up to a maximum of 5% of each participant\u2019s compensation. We contributed, under the Plan, or pursuant to previous similar plans, approximately $2.3 million, $2.7 million, and $5.0 million for the fiscal years ended September 30, 2019, 2020 and 2021, respectively.
"}]},{"name":"rpt:f-935","factDimensions":{"xbrl:concept":"hzo:DurationOfProfitSharingPlan","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"P90D"}]},{"name":"rpt:f-936","factDimensions":{"xbrl:concept":"hzo:IntroductoryPeriodOfProfitSharingPlan","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"April 1 or October 1"}]},{"name":"rpt:f-937","factDimensions":{"xbrl:concept":"hzo:EmployeesEligibilityAgeForParticipatingInProfitSharingPlan","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"P21Y"}]},{"name":"rpt:f-938","factDimensions":{"xbrl:concept":"us-gaap:DefinedContributionPlanEmployerMatchingContributionPercentOfMatch","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"0.50","decimals":2}]},{"name":"rpt:f-939","factDimensions":{"xbrl:concept":"us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"0.05"}]},{"name":"rpt:f-940","factDimensions":{"xbrl:concept":"us-gaap:DefinedContributionPlanCostRecognized","xbrl:period":"2018-10-01T00:00:00/2019-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"2300000","decimals":-5}]},{"name":"rpt:f-941","factDimensions":{"xbrl:concept":"us-gaap:DefinedContributionPlanCostRecognized","xbrl:period":"2019-10-01T00:00:00/2020-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"2700000","decimals":-5}]},{"name":"rpt:f-942","factDimensions":{"xbrl:concept":"us-gaap:DefinedContributionPlanCostRecognized","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"5000000.0","decimals":-5}]},{"name":"rpt:f-943","factDimensions":{"xbrl:concept":"us-gaap:SegmentReportingDisclosureTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\n21.\u00a0\u00a0SEGMENT INFORMATION:
\nChange in Reportable Segments
\nEffective May 2, 2021, our reportable segments changed as a result of the Company\u2019s acquisition of Cruisers Yachts, which changed management\u2019s reporting structure and operating activities. We now report our operations through two new reportable segments: Retail Operations and Product Manufacturing.
\nReportable Segments
\nThe Company\u2019s segments are defined by management\u2019s reporting structure and operating activities. Our chief operating decision maker (\u201cCODM\u201d) 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\u2019s reportable segments are the following:
\nRetail Operations. As of September 30, 2021, 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; 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. The Retail Operations segment includes the majority of all corporate costs.
\nProduct Manufacturing. As of September 30, 2021, the Product Manufacturing segment includes activity of 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\u2019s premier manufacturers of premium sport yacht and yachts, producing models from 33\u2019 to 60\u2019 feet.
\nIntersegment 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.
\nThe following table sets forth depreciation and amortization for each of the Company\u2019s reportable segments for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Depreciation: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Retail Operations | \n\n \u00a0 | \n\n $ | \n\n 11,583 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12,756 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 13,821 | \n\n \u00a0 | \n
| \n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 32 | \n\n \u00a0 | \n
| \n Depreciation | \n\n \u00a0 | \n\n $ | \n\n 11,583 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12,756 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 13,853 | \n\n \u00a0 | \n
| \n Amortization: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Retail Operations | \n\n \u00a0 | \n\n $ | \n\n 14 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 16 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 1,429 | \n\n \u00a0 | \n
| \n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 324 | \n\n \u00a0 | \n
| \n Amortization | \n\n \u00a0 | \n\n $ | \n\n 14 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 16 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 1,753 | \n\n \u00a0 | \n
\u00a0
\nThe following table sets forth revenue and income from operations for each of the Company\u2019s reportable segments for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Revenue: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Retail Operations | \n\n \u00a0 | \n\n $ | \n\n 1,237,153 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 1,509,713 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,043,613 | \n\n \u00a0 | \n
| \n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 44,000 | \n\n \u00a0 | \n
| \n Elimination of intersegment revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (24,356 | \n\n ) | \n
| \n Revenue | \n\n \u00a0 | \n\n $ | \n\n 1,237,153 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 1,509,713 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,063,257 | \n\n \u00a0 | \n
| \n Income from operations: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Retail Operations | \n\n \u00a0 | \n\n $ | \n\n 60,532 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 106,715 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 207,034 | \n\n \u00a0 | \n
| \n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6,940 | \n\n \u00a0 | \n
| \n Elimination of intersegment income from operations | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (4,515 | \n\n ) | \n
| \n Income from operations | \n\n \u00a0 | \n\n $ | \n\n 60,532 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 106,715 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 209,459 | \n\n \u00a0 | \n
\u00a0
\n\u00a0
"}]},{"name":"rpt:f-944","factDimensions":{"xbrl:concept":"us-gaap:NumberOfReportableSegments","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"hzo:Segment"},"factValues":[{"value":"2"}]},{"name":"rpt:f-945","factDimensions":{"xbrl:concept":"hzo:NumberOfModelsProducingPremiumYachts","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"utr:ft","srt:RangeAxis":"srt:MinimumMember"},"factValues":[{"value":"33"}]},{"name":"rpt:f-946","factDimensions":{"xbrl:concept":"hzo:NumberOfModelsProducingPremiumYachts","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060","xbrl:unit":"utr:ft","srt:RangeAxis":"srt:MaximumMember"},"factValues":[{"value":"60"}]},{"name":"rpt:f-947","factDimensions":{"xbrl:concept":"hzo:DepreciationAmortizationAndCapitalExpendituresTableTextBlock","xbrl:period":"2020-10-01T00:00:00/2021-10-01T00:00:00","xbrl:entity":"cik:0001057060"},"factValues":[{"value":"\nThe following table sets forth depreciation and amortization for each of the Company\u2019s reportable segments for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Depreciation: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Retail Operations | \n\n \u00a0 | \n\n $ | \n\n 11,583 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12,756 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 13,821 | \n\n \u00a0 | \n
| \n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 32 | \n\n \u00a0 | \n
| \n Depreciation | \n\n \u00a0 | \n\n $ | \n\n 11,583 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 12,756 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 13,853 | \n\n \u00a0 | \n
| \n Amortization: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Retail Operations | \n\n \u00a0 | \n\n $ | \n\n 14 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 16 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 1,429 | \n\n \u00a0 | \n
| \n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 324 | \n\n \u00a0 | \n
| \n Amortization | \n\n \u00a0 | \n\n $ | \n\n 14 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 16 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 1,753 | \n\n \u00a0 | \n
The following table sets forth revenue and income from operations for each of the Company\u2019s reportable segments for the fiscal years ended September 30,
\n\u00a0
\n| \n \u00a0 | \n\n \u00a0 | \n\n 2019 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2020 | \n\n \u00a0 | \n\n \u00a0 | \n\n 2021 | \n\n \u00a0 | \n|||
| \n \u00a0 | \n\n \u00a0 | \n\n (Amounts in thousands) | \n\n \u00a0 | \n|||||||||
| \n Revenue: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Retail Operations | \n\n \u00a0 | \n\n $ | \n\n 1,237,153 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 1,509,713 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,043,613 | \n\n \u00a0 | \n
| \n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 44,000 | \n\n \u00a0 | \n
| \n Elimination of intersegment revenue | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (24,356 | \n\n ) | \n
| \n Revenue | \n\n \u00a0 | \n\n $ | \n\n 1,237,153 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 1,509,713 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 2,063,257 | \n\n \u00a0 | \n
| \n Income from operations: | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n
| \n Retail Operations | \n\n \u00a0 | \n\n $ | \n\n 60,532 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 106,715 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 207,034 | \n\n \u00a0 | \n
| \n Product Manufacturing | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n 6,940 | \n\n \u00a0 | \n
| \n Elimination of intersegment income from operations | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u2014 | \n\n \u00a0 | \n\n \u00a0 | \n\n \u00a0 | \n\n (4,515 | \n\n ) | \n
| \n Income from operations | \n\n \u00a0 | \n\n $ | \n\n 60,532 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 106,715 | \n\n \u00a0 | \n\n \u00a0 | \n\n $ | \n\n 209,459 | \n\n \u00a0 | \n