Acquisitions (Tables)

9 Months Ended

Mar. 31, 2021

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation based on the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:


Consideration:
Cash consideration paid	$	150,675

Recognized preliminary amounts of identifiable assets acquired and (liabilities assumed), at fair value:
Cash	$	248
Accounts receivable	3,204
Inventories	7,756
Other current assets	194
Property, plant and equipment	22,618
Identifiable intangible assets	102,600
Other assets	4,410
Current liabilities	(6,611)
Deferred tax liabilities	(28,528)
Other liabilities	(4,405)
Fair value of assets acquired and liabilities assumed	101,486
Goodwill	49,189
Total purchase price	$	150,675

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The preliminary 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	$	47,900	20
Total definite-lived intangibles	47,900
Indefinite-lived intangible:
Trade name	54,700
Total intangible assets	$	102,600

Business Acquisition, Pro Forma Information

The following unaudited pro forma consolidated results of operations for the three and nine months ended March 31, 2021 and 2020, assumes that the acquisition of Maverick Boat Group occurred as of July 1, 2019. The unaudited interim pro forma financial information combines historical results of Malibu and Maverick Boat Group, with adjustments for depreciation and amortization attributable to preliminary fair value estimates on acquired tangible and intangible assets for the respective periods. Non-recurring pro forma adjustments associated with the fair value step up of inventory were included in the reported pro forma cost of sales and earnings. 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 2020 or the results that may occur in the future:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Net sales	$	273,162	$	213,945	$	705,813	$	630,946
Net income	35,135		25,719		81,636		62,196
Net income attributable to Malibu Boats, Inc.	33,796		24,571		78,377		59,295
Basic earnings per share	$	1.62	$	1.19	$	3.78	$	2.87
Diluted earnings per share	$	1.61	$	1.18	$	3.74	$	2.85