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Net Earnings Per Share | 6 Months Ended
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Dec. 31, 2018
Earnings Per Share [Abstract] |
Net Earnings Per Share | Net Earnings Per Share Basic net income per share of Class A Common Stock is computed by dividing net income attributable to the Company's earnings by the weighted average number of shares of Class A Common Stock outstanding during the period. The weighted average number of shares of Class A Common Stock outstanding used in computing basic net income per share includes fully vested restricted stock units awarded to directors that are entitled to participate in distributions to common shareholders through receipt of additional units of equivalent value to the dividends paid to Class A Common Stock holders. Diluted net income per share of Class A Common Stock is computed similarly to basic net income per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents using the treasury method, if dilutive. The Company’s LLC Units and non-qualified stock options are considered common stock equivalents for this purpose. The number of additional shares of Class A Common Stock related to these common stock equivalents and stock options are calculated using the treasury stock method. Basic and diluted net income (loss) per share of Class A Common Stock has been computed as follows (in thousands, except share and per share amounts)
| Three Months Ended |  | Six Months Ended
| December 31, 2018 |  | December 31, 2017 |  | December 31, 2018 |  | December 31, 2017
Basic: |  |  |  |  |  |  |
Net income (loss) attributable to Malibu Boats, Inc. | $ | 14,257 |  |  | $ | (6,383 | ) |  | $ | 25,555 |  |  | $ | (498 | )
Shares used in computing basic net income per share: |  |  |  |  |  |  |
Weighted-average Class A Common Stock | 20,689,779 |  |  | 20,263,999 |  |  | 20,577,182 |  |  | 19,644,918 |
Weighted-average participating restricted stock units convertible into Class A Common Stock | 185,464 |  |  | 165,628 |  |  | 180,913 |  |  | 159,274 |
Basic weighted-average shares outstanding | 20,875,243 |  |  | 20,429,627 |  |  | 20,758,095 |  |  | 19,804,192 |
Basic net income (loss) per share | $ | 0.68 |  |  | $ | (0.31 | ) |  | $ | 1.23 |  |  | $ | (0.03 | )
Diluted: |  |  |  |  |  |  |
Net income (loss) attributable to Malibu Boats, Inc. | $ | 14,257 |  |  | $ | (6,383 | ) |  | $ | 25,555 |  |  | $ | (498 | )
Shares used in computing diluted net income per share: |  |  |  |  |  |  |
Basic weighted-average shares outstanding | 20,875,243 |  |  | 20,429,627 |  |  | 20,758,095 |  |  | 19,804,192 |
Restricted stock units granted to employees | 94,654 |  |  | — |  |  | 117,374 |  |  | — |
Stock options granted to employees | 20,416 |  |  | — |  |  | 8,399 |  |  | — |
Diluted weighted-average shares outstanding 1 | 20,990,313 |  |  | 20,429,627 |  |  | 20,883,868 |  |  | 19,804,192 |
Diluted net income (loss) per share | $ | 0.68 |  |  | $ | (0.31 | ) |  | $ | 1.22 |  |  | $ | (0.03 | )
1 The Company excluded (i) 904,652 and 1,274,484 potentially dilutive shares from the calculation of diluted net income (loss) per share for the three months ended December 31, 2018 and 2017, respectively, and (ii) 924,652 and 1,274,484 potentially dilutive shares from the calculation of diluted net income (loss) per share for the six months ended December 31, 2018 and 2017, respectively, as these units would have been antidilutive. The shares of Class B Common Stock do not share in the earnings or losses of Malibu Boats, Inc. and are therefore not included in the calculation. Accordingly, basic and diluted net earnings per share of Class B Common Stock has not been presented.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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