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Acquisition (Tables) | 12 Months Ended
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Jun. 30, 2015
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes the purchase price allocation based on the fair values of the assets acquired and liabilities of the Licensee assumed at the acquisition date:
Consideration: |
Cash consideration paid | $ | 13,305 |
Equity consideration paid 1 | 2,837 |
Fair value of total consideration transferred | $ | 16,142 |
Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value: |
Cash | $ | 1,642 |
Accounts receivable | 878 |
Inventories | 5,023 |
Other current assets | 195 |
Net property, plant, and equipment | 1,191 |
Identifiable intangible assets | 4,558 |
Other assets | 45 |
Current liabilities | (3,908 | )
Deferred tax liabilities | (1,407 | )
Other liabilities | (34 | )
Fair value of assets acquired and liabilities assumed | $ | 8,183 |
Goodwill | 7,959 |
Total purchase price | $ | 16,142 |
1 In accordance with ASC Topic 820, the fair value of the equity consideration paid reflects a discount to take into account the effect of the 2 year sale restriction on 71.43% of the consideration paid in stock. The measurement period adjustment of $87 was made in the fourth quarter of fiscal 2015 which also reduced goodwill.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The fair value estimates for the Company's identifiable intangible assets acquired as part of the acquisition are as follows:
| Estimates of Fair Value |  | Estimated Useful Life (in years)
Reacquired franchise rights | $ | 1,579 |  |  | 5
Dealer relationships | 2,808 |  |  | 15
Non-compete agreement | 61 |  |  | 10
Backlog | 110 |  |  | 0.3
Total | $ | 4,558 |  |  |
Business Acquisition, Pro Forma Information | The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal 2014 or of the results that may occur in the future:
|  | Fiscal Year Ended June 30,
|  | 2015 |  | 2014
Net sales |  | $ | 233,688 |  |  | $ | 205,866 |
Net income |  | 24,174 |  |  | 1,700 |
Net income (loss) attributable to Malibu Boats, Inc. |  | 15,463 |  |  | (2,263 | )
Basic earnings (loss) per share |  | $ | 0.98 |  |  | $ | (0.20 | )
Diluted earnings (loss) per share |  | $ | 0.98 |  |  | $ | (0.20 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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