Net Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2019

Schedule of Basic and Diluted Net Income Per Share

Basic and diluted net income per share of Class A Common Stock has been computed as follows (in thousands, except share and per share amounts):



	Three Months Ended March 31,				Nine Months Ended March 31,
	2019		2018		2019		2018
Basic:
Net income attributable to Malibu Boats, Inc.	$	21,099	$	15,672	$	46,654	$	15,174
Shares used in computing basic net income per share:
Weighted-average Class A Common Stock	20,710,202		20,371,072		20,621,522		19,886,970
Weighted-average participating restricted stock units convertible into Class A Common Stock	191,345		173,416		184,390		163,988
Basic weighted-average shares outstanding	20,901,547		20,544,488		20,805,912		20,050,958
Basic net income per share	$	1.01	$	0.76	$	2.24	$	0.76

Diluted:
Net income attributable to Malibu Boats, Inc.	$	21,099	$	15,672	$	46,654	$	15,174
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding	20,901,547		20,544,488		20,805,912		20,050,958
Restricted stock units granted to employees	101,271		112,522		126,239		84,106
Stock options granted to employees	5,115		—		11,397		—
Diluted weighted-average shares outstanding ¹	21,007,933		20,657,010		20,943,548		20,135,064
Diluted net income per share	$	1.01	$	0.76	$	2.23	$	0.76

¹The Company excluded (i) 946,875 and 1,238,727 potentially dilutive shares from the calculation of diluted net income per share for the three months ended March 31, 2019 and 2018, respectively, and (ii) 930,125 and 1,233,227 potentially dilutive shares from the calculation of diluted net income per share for the nine months ended March 31, 2019 and 2018, respectively, as these units would have been antidilutive.