XML 76 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net sales $ 180,112 $ 165,793 $ 352,192 $ 289,276
Cost of sales 140,244 127,478 272,323 220,460
Gross profit 39,868 38,315 79,869 68,816
Operating expenses:        
Selling and marketing 4,666 4,601 9,732 8,099
General and administrative 10,078 11,232 20,746 20,203
Amortization 1,537 1,538 3,121 2,818
Operating income 23,587 20,944 46,270 37,696
Other (income) expense, net:        
Other income, net (9) (17) (19) (34)
Interest expense 957 1,844 2,124 3,015
Other expense, net 948 1,827 2,105 2,981
Income before provision for income taxes 22,639 19,117 44,165 34,715
Provision for income taxes 5,041 4,119 9,885 7,702
Net income 17,598 14,998 34,280 27,013
Net income attributable to non-controlling interest 876 741 1,699 1,458
Net income attributable to Malibu Boats, Inc. 16,722 14,257 32,581 25,555
Other comprehensive income (loss), net of tax:        
Change in cumulative translation adjustment 615 (367) (8) (771)
Other comprehensive income (loss), net of tax 615 (367) (8) (771)
Comprehensive income, net of tax 18,213 14,631 34,272 26,242
Less: comprehensive income attributable to non-controlling interest, net of tax 907 723 1,699 1,416
Comprehensive income attributable to Malibu Boats, Inc., net of tax $ 17,306 $ 13,908 $ 32,573 $ 24,826
Weighted average shares outstanding used in computing net income per share:        
Basic (in shares) 20,591,241 20,875,243 20,710,681 20,758,095
Diluted (in shares) 20,701,473 20,990,313 20,816,830 20,883,868
Net income available to Class A Common Stock per share:        
Basic (in dollars per share) $ 0.81 $ 0.68 $ 1.57 $ 1.23
Diluted (in dollars per share) $ 0.81 $ 0.68 $ 1.57 $ 1.22