10-Q Filing

MARINEMAX INC CIK: 1057060 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-182524`
Period End Date	20140331
Filing Date	20140505
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	hzo-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 50 Cash Flow Statement 55 Stockholders Equity 13

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.41M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Inventories, net	`InventoryNet`	$228.04M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$260.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.85M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.14M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$319.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$276.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.55M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$100.47M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.97M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$100.34M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	790,900.00	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.51M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	790,900.00	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.66M	USD	Point-in-time
Total assets	`Assets`	$381.90M	USD	Point-in-time
Total assets	`Assets`	$425.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.47M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$9.34M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$15.04M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$20.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.22M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$122.47M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$160.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$159.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.13M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$473.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$394.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$204.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$160.09M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding at September 30, 2013 and March 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding at September 30, 2013 and March 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 24,336,495 and 24,759,282 shares issued and 23,545,595 and 23,968,382 shares outstanding at September 30, 2013 and March 31, 2014, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 24,336,495 and 24,759,282 shares issued and 23,545,595 and 23,968,382 shares outstanding at September 30, 2013 and March 31, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$221.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$226.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.52M	USD	Point-in-time
Treasury stock, at cost, 790,900 shares held at September 30, 2013 and March 31, 2014	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Treasury stock, at cost, 790,900 shares held at September 30, 2013 and March 31, 2014	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$221.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$221.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$381.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$425.70M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$160.01M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$246.21M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$136.62M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$259.06M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$101.83M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$195.13M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$122.36M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$181.51M	USD	2 Qtrs
Gross profit	`GrossProfit`	$63.93M	USD	2 Qtrs
Gross profit	`GrossProfit`	$64.70M	USD	2 Qtrs
Gross profit	`GrossProfit`	$34.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.65M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.69M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$67.97M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$65.54M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.10M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-901.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-3.27M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$1.55M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.61M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.16M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.08M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.17M	USD	1 Quarter
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.35M	USD	2 Qtrs
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.98M	USD	1 Quarter
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.78M	USD	2 Qtrs
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$384.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$40.00K	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$40.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$344.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.35M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$-0.22	USD	2 Qtrs
Basic net income (loss) per common share	`EarningsPerShareBasic`	$-0.17	USD	2 Qtrs
Basic net income (loss) per common share	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$-0.17	USD	2 Qtrs
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$-0.22	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.07M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.19M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.78M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.78M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.07M	shares	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.82M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$344.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.52M	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-181.00K	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	USD	2 Qtrs
Gain on insurance settlements	`GainLossOnSaleOfInsuranceBlock`	$373.00K	USD	2 Qtrs
Gain on insurance settlements	`GainLossOnSaleOfInsuranceBlock`	$408.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.78M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.66M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.92M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.50M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$32.35M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$13.58M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.19M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-553.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.56M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-207.00K	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$5.69M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$9.73M	USD	2 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.11M	USD	2 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.52M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-30.52M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.35M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.57M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.92M	USD	2 Qtrs
Net cash used in acquisition of businesses, primarily inventory	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.64M	USD	2 Qtrs
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	$1.55M	USD	2 Qtrs
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	$714.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$81.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.13M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.62M	USD	2 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$37.63M	USD	2 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$20.48M	USD	2 Qtrs
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.97M	USD	2 Qtrs
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.05M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.45M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.69M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.47M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.04M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.62M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.62M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.80M	USD	Point-in-time
Interest	`InterestPaid`	$2.25M	USD	2 Qtrs
Interest	`InterestPaid`	$1.93M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$221.81M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$221.18M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-3.82M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$344.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$282.00K	USD	2 Qtrs
Shares issued upon vesting of equity awards, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	-	USD	2 Qtrs
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.77M	USD	2 Qtrs
Shares issued upon exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	381,258.00	shares	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.66M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$221.81M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$221.18M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.