XML 83 R24.htm IDEA: XBRL DOCUMENT v3.20.1

Segment Information

9 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

Effective July 1, 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. The Company now aggregates Malibu U.S. and Malibu Australia into one reportable segment as they have similar economic characteristics and qualitative factors. As a result the Company now 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 and nine months ended March 31, 2020 and 2019, respectively, and the Company’s financial position at March 31, 2020 and June 30, 2019, respectively:

			Three Months Ended March 31, 2020																																										Nine Months Ended March 31, 2020
			Malibu						Cobalt						Pursuit						Total						Malibu						Cobalt						Pursuit						Total
Net sales			$	102,604					$	46,028					$	33,678					$	182,310					$	285,811					$	145,173					$	103,518					$	534,502
Income before provision for income taxes			$	21,669					$	6,178					$	3,006					$	30,853					$	48,331					$	16,937					$	9,750					$	75,018
			Three months ended March 31, 2019																																										Nine Months Ended March 31, 2019
			Malibu						Cobalt						Pursuit						Total						Malibu						Cobalt						Pursuit						Total
Net sales			$	107,419					$	56,041					$	36,458					$	199,918					$	272,662					$	150,147					$	66,385					$	489,194
Income before provision for income taxes			$	19,754					$	7,202					$	2,568					$	29,524					$	39,684					$	19,466					$	5,089					$	64,239

			As of March 31, 2020						As of June 30, 2019
Assets
Malibu			$	311,541					$	185,154
Cobalt			157,988						151,481
Pursuit			129,135						114,679
Total assets			$	598,664					$	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