Net Earnings (Loss) Per Share

12 Months Ended

Jun. 30, 2015

Basic net income (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to the Company's earnings by the weighted average number of shares of Class A Common Stock outstanding during the period. The weighted average number of shares of Class A Common Stock outstanding used in computing basic net income (loss) per share includes fully vested restricted stock units awarded to directors that are entitled to participate in distributions to common shareholders through receipt of additional units of equivalent value to the dividends paid to Class A Common Stock holders.

Diluted net loss per share of Class A Common Stock is computed similarly to basic net loss per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents using the treasury method, if dilutive. The Company’s restricted LLC Units are considered common stock equivalents for this purpose. The number of additional shares of Class A Common Stock related to these common stock equivalents is calculated using the treasury stock method.

All earnings (loss) prior to and up to February 5, 2014, the date of completion of the IPO, were entirely allocable to non-controlling interest and, as a result, earnings (loss) per share information is not applicable for reporting periods prior to this date. Consequently, only the net loss allocable to Malibu Boats, Inc. from the period subsequent to February 5, 2014 is included in the net income (loss) attributable to the stockholders of Class A Common Stock. Basic and diluted net income (loss) per share of Class A Common Stock has been computed as follows (in thousands, except share and per share amounts):



	Fiscal Year Ended June 30, 2015		Period from February 5, 2014 to June 30, 2014
Basic:
Net income (loss) attributable to Malibu Boats, Inc.	$	14,661	$	(4,676	)
Shares used in computing basic net income (loss) per share:
Weighted-average Class A Common Stock	15,668,072		11,054,894
Weighted-average participating restricted stock units convertible into Class A Common Stock	64,459		416
Basic weighted-average shares outstanding	15,732,531		11,055,310
Basic net income (loss) per share	$	0.93	$	(0.42	)

Diluted:
Net income (loss) attributable to Malibu Boats, Inc.	$	14,661	$	(4,676	)
Shares used in computing diluted net income (loss) per share:
Basic weighted-average shares outstanding	15,732,531		11,055,310
Restricted stock units granted to employees	8,487		—
Diluted weighted-average shares outstanding ¹	15,741,018		11,055,310
Diluted net income (loss) per share	$	0.93	$	(0.42	)

¹The Company excluded 1,419,094 and 11,373,855 potentially dilutive shares from the calculation of diluted net income (loss) per share for the fiscal year ended June 30, 2015 and 2014, respectively, as these units would have been antidilutive.

The shares of Class B Common Stock do not share in the earnings or losses of Malibu Boats, Inc. and are therefore not included in the calculation. Accordingly, basic and diluted net earnings (loss) per share of Class B Common Stock has not been presented.