Net Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2022

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,
	2022		2021		2022		2021
Basic:
Net income attributable to Malibu Boats, Inc.	$	52,878	$	33,796	$	109,713	$	76,114
Shares used in computing basic net income per share:
Weighted-average Class A Common Stock	20,535,856		20,571,601		20,607,085		20,499,949
Weighted-average participating restricted stock units convertible into Class A Common Stock	241,656		227,804		235,955		222,390
Basic weighted-average shares outstanding	20,777,512		20,799,405		20,843,040		20,722,339
Basic net income per share	$	2.54	$	1.62	$	5.26	$	3.67

Diluted:
Net income attributable to Malibu Boats, Inc.	$	52,878	$	33,796	$	109,713	$	76,114


Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding	20,777,512		20,799,405		20,843,040		20,722,339
Restricted stock units granted to employees	80,475		97,376		114,746		90,592
Stock options granted to employees	57,836		69,613		72,666		61,030
Market performance awards granted to employees	67,050		65,966		67,050		65,966
Diluted weighted-average shares outstanding 1	20,982,873		21,032,360		21,097,502		20,939,927
Diluted net income per share	$	2.51	$	1.61	$	5.20	$	3.63

1 The Company excluded (i) 660,113 and 603,919 potentially dilutive shares from the calculation of diluted net income per share for the three months ended March 31, 2022 and 2021, respectively, and (ii) 660,113 and 622,306 potentially dilutive shares from the calculation of diluted net income per share for the nine months ended March 31, 2022 and 2021, respectively, as these units would have been antidilutive.