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Acquisition (Tables) | 12 Months Ended
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Jun. 30, 2018
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes the purchase price allocation based on the estimated fair values of the assets acquired and liabilities of Cobalt assumed at the acquisition date:
Consideration: |
Cash consideration paid | $ | 129,525 |
Equity consideration paid 1 | 1,000 |
Fair value of total consideration transferred | $ | 130,525 |
Recognized amounts of identifiable assets acquired and liabilities assumed, at fair value: |
Cash | $ | 3,973 |
Trade receivables | 2,329 |
Inventories | 14,343 |
Other current assets | 363 |
Property, plant, and equipment | 12,934 |
Other intangible assets | 89,900 |
Current liabilities | (13,108 | )
Fair value of assets acquired and liabilities assumed | 110,734 |
Goodwill | 19,791 |
Total purchase price | $ | 130,525 |
Schedule of Finite and Indefinite-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)
Definite-lived intangibles |  |  |
Dealer relationships | $ | 56,300 |  |  | 20
Patent | 2,600 |  |  | 15
Total definite-lived intangibles | 58,900 |  |  |
Indefinite-lived intangible: |  |  |
Trade name | 31,000 |  |  |
Total intangible assets | $ | 89,900 |  |  |
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 year 2017 or the results that may occur in the future:
| Fiscal Year Ended June 30,
| 2018 |  | 2017
Net sales | $ | 497,002 |  |  | $ | 423,830 |
Net income | 30,696 |  |  | 33,655 |
Net income attributable to Malibu Boats, Inc. | 27,361 |  |  | 30,439 |
Basic earnings per share | $ | 1.36 |  |  | $ | 1.53 |
Diluted earnings per share | $ | 1.35 |  |  | $ | 1.52 |

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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