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Acquisition (Tables) | 9 Months Ended
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Mar. 31, 2015
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The total consideration given to the former owner of the Licensee has been allocated to the assets acquired and liabilities assumed based on their estimated fair values as of the date of the acquisition. Because of the complexities involved with performing the valuation, the Company has recorded the tangible and intangible assets acquired and liabilities assumed based upon their preliminary fair values as of October 23, 2014. The measurements of fair value were based upon estimates utilizing the assistance of third party valuation specialists, and are subject to change within the measurement period (up to one year from the acquisition date). The Company expects to continue to obtain information to assist it in determining the fair values of the assets acquired and liabilities assumed at the acquisition date during the fourth quarter of fiscal 2015. Accordingly, the following table summarizes the preliminary purchase price allocation for the acquisition of the Licensee:
Consideration: |
Cash consideration paid | $ | 13,305 |
Equity consideration paid | 2,924 |
Fair value of total consideration transferred | $ | 16,229 |
Recognized preliminary 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 | 8,046 |
Total purchase price | $ | 16,229 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The preliminary fair value estimates for the Company's identifiable intangible assets acquired as part of the acquisition are as follows:
| Preliminary Estimates of Fair Value |  | Useful Life
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:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
Net sales | $ | 64,762 |  |  | $ | 54,624 |  |  | $ | 191,849 |  |  | $ | 148,916 |
Net income | 7,643 |  |  | (884 | ) |  | 19,283 |  |  | 9,578 |
Net income (loss) attributable to Malibu Boats, Inc. | 4,365 |  |  | (319 | ) |  | 12,215 |  |  | (288 | )
Basic earnings (loss) per share | $ | 0.28 |  |  | $ | (0.03 | ) |  | $ | 0.80 |  |  | $ | (0.03 | )
Diluted earnings (loss) per share | $ | 0.28 |  |  | $ | (0.01 | ) |  | $ | 0.80 |  |  | $ | (0.01 | )

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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 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: 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 + 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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