Acquisitions (Tables)

6 Months Ended

Dec. 31, 2019

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 Pursuit assumed at the acquisition date:



Consideration:
Cash consideration paid	$	100,073

Recognized 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	$	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 interim 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 2019 or the results that may occur in the future:



	Three Months Ended December 31,				Six Months Ended December 31,
	2019		2018		2019		2018
Net sales	$	180,112	$	172,219	$	352,192	$	330,918
Net income	17,598		15,553		34,280		31,083
Net income attributable to Malibu Boats, Inc.	16,722		14,784		32,581		29,394
Basic earnings per share	$	0.81	$	0.71	$	1.57	$	1.42
Diluted earnings per share	$	0.81	$	0.70	$	1.57	$	1.41