Net Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2021

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 March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Basic:
Net income attributable to Malibu Boats, Inc.	$	33,796	$	22,778	$	76,114	$	55,359
Shares used in computing basic net income per share:
Weighted-average Class A Common Stock	20,571,601		20,417,829		20,499,949		20,479,874
Weighted-average participating restricted stock units convertible into Class A Common Stock	227,804		212,912		222,390		204,160
Basic weighted-average shares outstanding	20,799,405		20,630,741		20,722,339		20,684,034
Basic net income per share	$	1.62	$	1.11	$	3.67	$	2.68

Diluted:
Net income attributable to Malibu Boats, Inc.	$	33,796	$	22,778	$	76,114	$	55,359


Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding	20,799,405		20,630,741		20,722,339		20,684,034
Restricted stock units granted to employees	97,376		105,096		90,592		109,225
Stock options granted to employees	69,613		13,535		61,030		8,963
Market performance awards granted to employees	65,966		25,736		65,966		25,736
Diluted weighted-average shares outstanding 1	21,032,360		20,775,108		20,939,927		20,827,958
Diluted net income per share	$	1.61	$	1.09	$	3.63	$	2.66

1 The Company excluded (i) 603,919 and 889,500 potentially dilutive shares from the calculation of diluted net income per share for the three months ended March 31, 2021 and 2020, respectively, and (ii) 622,306 and 890,750 potentially dilutive shares from the calculation of diluted net income per share for the nine months ended March 31, 2021 and 2020, respectively, as these units would have been antidilutive.