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Acquisitions (Tables)

9 Months Ended

Mar. 31, 2019

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	1,000
Fair value of total consideration transferred	$	130,525
Recognized 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		)
Fair value of assets acquired and liabilities assumed	110,734
Goodwill	19,791
Total purchase price	$	130,525

The following table summarizes the preliminary purchase price allocation based on the estimated fair values of the assets acquired and liabilities of Pursuit assumed at the acquisition date:

Consideration:
Cash consideration paid	$	100,073
Recognized preliminary amounts of identifiable assets acquired and (liabilities assumed), at fair value:
Inventories	$	8,332
Other current assets	350
Property, plant and equipment	17,454
Identifiable intangible assets	57,900
Current liabilities	(3,488		)
Fair value of assets acquired and liabilities assumed	80,548
Goodwill	19,525
Total purchase price	$	100,073

Finite-Lived 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

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	$	25,400			20
Total definite-lived intangibles	25,400
Indefinite-lived intangible:
Trade name	32,500
Total intangible assets	$	57,900

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 March 31,								Nine Months Ended March 31,
		2019				2018				2019				2018
Net sales		$	199,918			$	140,429			$	489,194			$	358,343
Net income		22,203				16,796				49,216				17,626
Net income attributable to Malibu Boats, Inc.		21,099				15,672				46,654				15,174
Basic earnings per share		$	1.01			$	0.76			$	2.24			$	0.76
Diluted earnings per share		$	1.01			$	0.76			$	2.23			$	0.76

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 2018 or the results that may occur in the future:

		Three Months Ended March 31,								Nine Months Ended March 31,
		2019				2018				2019				2018
Net sales		$	199,918			$	176,387			$	530,836			$	451,687
Net income		22,203				21,285				53,223				18,853
Net income attributable to Malibu Boats, Inc.		21,099				19,838				50,430				16,066
Basic earnings per share		$	1.01			$	0.97			$	2.42			$	0.80
Diluted earnings per share		$	1.01			$	0.96			$	2.41			$	0.80

X

- 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

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-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

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Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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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.

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-Publisher FASB
-Name Accounting Standards Codification
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