Net Earnings Per Share (Tables)

6 Months Ended

Dec. 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 December 31,				Six Months Ended December 31,
	2019		2018		2019		2018
Basic:
Net income attributable to Malibu Boats, Inc.	$	16,722	$	14,257	$	32,581	$	25,555
Shares used in computing basic net income per share:
Weighted-average Class A Common Stock	20,385,815		20,689,779		20,510,896		20,577,182
Weighted-average participating restricted stock units convertible into Class A Common Stock	205,426		185,464		199,785		180,913
Basic weighted-average shares outstanding	20,591,241		20,875,243		20,710,681		20,758,095
Basic net income per share	$	0.81	$	0.68	$	1.57	$	1.23

Diluted:
Net income attributable to Malibu Boats, Inc.	$	16,722	$	14,257	$	32,581	$	25,555
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding	20,591,241		20,875,243		20,710,681		20,758,095
Restricted stock units granted to employees	81,661		94,654		81,394		117,374
Stock options granted to employees	4,404		20,416		588		8,399
Market performance awards granted to employees	24,167		—		24,167		—
Diluted weighted-average shares outstanding ¹	20,701,473		20,990,313		20,816,830		20,883,868
Diluted net income per share	$	0.81	$	0.68	$	1.57	$	1.22

¹The Company excluded (i) 940,875 and 904,652 potentially dilutive shares from the calculation of diluted net income per share for the three months ended December 31, 2019 and 2018, respectively, and (ii) 1,042,509 and 924,652 potentially dilutive shares from the calculation of diluted net income per share for the six months ended December 31, 2019 and 2018, respectively, as these units would have been antidilutive.