Acquisition (Tables)

9 Months Ended

Mar. 31, 2015

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	)