XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]        
Net sales $ 140,429 $ 77,149 $ 358,343 $ 206,831
Cost of sales 104,066 55,787 271,541 151,833
Gross profit 36,363 21,362 86,802 54,998
Operating expenses:        
Selling and marketing 3,263 1,789 9,974 6,362
General and administrative 7,862 5,997 22,371 15,514
Amortization 1,291 550 3,903 1,649
Operating income 23,947 13,026 50,554 31,473
Other (expense) income, net:        
Other income 17 41 27,753 116
Interest expense (923) (416) (4,136) (883)
Other income (906) (375) 23,617 (767)
Income before provision for income taxes 23,041 12,651 74,171 30,706
Provision for income taxes 6,245 3,805 56,545 9,897
Net income 16,796 8,846 17,626 20,809
Net income attributable to non-controlling interest 1,124 833 2,452 2,115
Net income attributable to Malibu Boats, Inc. 15,672 8,013 15,174 18,694
Comprehensive income:        
Net income 16,796 8,846 17,626 20,809
Other comprehensive (loss) income, net of tax:        
Change in cumulative translation adjustment (268) 867 (34) 378
Other comprehensive (loss) income, net of tax (268) 867 (34) 378
Comprehensive income, net of tax 16,528 9,713 17,592 21,187
Less: comprehensive income attributable to non-controlling interest, net of tax 1,104 923 2,464 2,153
Comprehensive income attributable to Malibu Boats, Inc., net of tax $ 15,424 $ 8,790 $ 15,128 $ 19,034
Weighted average shares outstanding used in computing net income per share:        
Shares used in computing basic net income per share: (in shares) 20,544,488 17,877,152 20,050,958 17,799,221
Weighted average shares outstanding used in computing net income per share, Diluted (in shares) 20,657,010 17,962,286 20,135,064 17,887,266
Net income available to Class A Common Stock per share:        
Basic (in dollars per share) $ 0.76 $ 0.45 $ 0.76 $ 1.05
Diluted (in dollars per share) $ 0.76 $ 0.45 $ 0.76 $ 1.05