Net Earnings Per Share (Tables)

6 Months Ended

Dec. 31, 2020

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,
	2020		2019		2020		2019
Basic:
Net income attributable to Malibu Boats, Inc.	$	21,225	$	16,722	$	42,318	$	32,581
Shares used in computing basic net income per share:
Weighted-average Class A Common Stock	20,493,938		20,385,815		20,464,902		20,510,896
Weighted-average participating restricted stock units convertible into Class A Common Stock	223,421		205,426		219,742		199,785
Basic weighted-average shares outstanding	20,717,359		20,591,241		20,684,644		20,710,681
Basic net income per share	$	1.03	$	0.81	$	2.05	$	1.57

Diluted:
Net income attributable to Malibu Boats, Inc.	$	21,225	$	16,722	$	42,318	$	32,581


Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding	20,717,359		20,591,241		20,684,644		20,710,681
Restricted stock units granted to employees	153,918		81,661		159,058		81,394
Stock options granted to employees	42,361		4,404		43,834		588
Market performance awards granted to employees	59,264		24,167		59,264		24,167
Diluted weighted-average shares outstanding 1	20,972,902		20,701,473		20,946,800		20,816,830
Diluted net income per share	$	1.01	$	0.81	$	2.02	$	1.57

1 The Company excluded (i) 745,055 and 940,875 potentially dilutive shares from the calculation of diluted net income per share for the three months ended December 31, 2020 and 2019, respectively, and (ii) 733,805 and 1,042,509 potentially dilutive shares from the calculation of diluted net income per share for the six months ended December 31, 2020 and 2019, respectively, as these units would have been antidilutive.