XML 67 R24.htm IDEA: XBRL DOCUMENT
v3.19.3

Segment Information | 3 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information During the three months ended September 30, 2019, the Company revised its segment reporting to conform to changes in its internal management reporting based on the Company’s boat manufacturing operations. Segment information has been revised for comparison purposes for all periods presented in the condensed consolidated financial statements. The Company previously had four reportable segments, Malibu U.S., Malibu Australia, Cobalt and Pursuit. Beginning with the three months ended September 30, 2019, the Company is aggregating Malibu U.S. and Malibu Australia into one reportable segment as they have similar economic characteristics and qualitative factors and as a result has three reportable segments, Malibu, Cobalt and Pursuit. The Malibu segment participates in the manufacturing, distribution, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Cobalt and Pursuit segments participate in the manufacturing, distribution, marketing and sale of Cobalt and Pursuit boats, respectively, throughout the world. The following tables present financial information for the Company’s reportable segments for the three months ended September 30, 2019 and 2018, respectively, and the Company’s financial position at September 30, 2019 and June 30, 2019, respectively:
| Three Months Ended September 30, 2019
| Malibu |  | Cobalt |  | Pursuit |  | Total
Net sales | $ | 85,880 |  |  | $ | 50,151 |  |  | $ | 36,049 |  |  | $ | 172,080 |
Income before provision for income taxes | $ | 11,461 |  |  | $ | 5,907 |  |  | $ | 4,158 |  |  | $ | 21,526 |
| Three months ended September 30, 2018
| Malibu |  | Cobalt |  | Pursuit |  | Total
Net sales | $ | 75,223 |  |  | $ | 48,260 |  |  | $ | — |  |  | $ | 123,483 |
Income before provision for income taxes | $ | 8,751 |  |  | $ | 6,847 |  |  | $ | — |  |  | $ | 15,598 |
| As of September 30, 2019 |  | As of June 30, 2019
Assets |  |  |  |  |
Malibu | $ | 200,241 |  |  | $ | 185,154 |
Cobalt | 159,096 |  |  | 151,481 |
Pursuit | 120,468 |  |  | 114,679 |
Total assets | $ | 479,805 |  |  | $ | 451,314 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration