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Acquisition (Tables) | 6 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition |
Consideration: |
Cash consideration paid | $ | 129,525 |
Equity consideration paid | 1,000 |
Fair value of total consideration transferred | $ | 130,525 |
Recognized preliminary amounts of identifiable assets acquired and (liabilities assumed), at fair value: |
Cash | $ | 3,973 |
Accounts receivable | 2,329 |
Inventories | 14,343 |
Other current assets | 363 |
Property, plant and equipment | 12,934 |
Identifiable intangible assets | 89,900 |
Current liabilities | (13,108 | )
Preliminary estimate of the fair value of assets acquired and liabilities assumed | 110,734 |
Goodwill | 19,791 |
Total purchase price | $ | 130,525 |
Finite-Lived and Indefinite-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:
| 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:
|  | Three Months Ended December 31, |  | Six Months Ended December 31,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Net sales |  | $ | 114,373 |  |  | $ | 89,327 |  |  | $ | 217,914 |  |  | $ | 190,277 |
Net (loss) income |  | (6,271 | ) |  | 3,965 |  |  | 496 |  |  | 11,760 |
Net (loss) income attributable to Malibu Boats, Inc. |  | (7,018 | ) |  | 3,591 |  |  | (805 | ) |  | 10,635 |
Basic (loss) earnings per share |  | $ | (0.34 | ) |  | $ | 0.18 |  |  | $ | (0.04 | ) |  | $ | 0.54 |
Diluted (loss) earnings per share |  | $ | (0.34 | ) |  | $ | 0.18 |  |  | $ | (0.04 | ) |  | $ | 0.54 |

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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=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + 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=79982066&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=79982066&loc=d3e1392-128463 + Details
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