10-Q Filing

MARINEMAX INC CIK: 1057060 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-295750`
Period End Date	20140630
Filing Date	20140805
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	hzo-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 52 Cash Flow Statement 54 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`	$41.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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 outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.20M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$228.04M	USD	Point-in-time
Inventories, net	`InventoryNet`	$234.26M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$4.74M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$305.01M	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 issued	`CommonStockSharesIssued`	24.83M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.04M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$100.34M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.55M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$101.86M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	790,900.00	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.45M	USD	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
Total assets	`Assets`	$412.31M	USD	Point-in-time
Total assets	`Assets`	$381.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.47M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$10.72M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$9.34M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$20.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$22.79M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$131.04M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$122.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$159.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$177.92M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$473.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$611.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$160.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$178.53M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding at September 30, 2013 and June 30, 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 June 30, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 24,336,495 and 24,834,548 shares issued and 23,545,595 and 24,043,648 shares outstanding at September 30, 2013 and June 30, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 24,336,495 and 24,834,548 shares issued and 23,545,595 and 24,043,648 shares outstanding at September 30, 2013 and June 30, 2014, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$221.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$227.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.87M	USD	Point-in-time
Treasury stock, at cost, 790,900 shares held at September 30, 2013 and June 30, 2014	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Treasury stock, at cost, 790,900 shares held at September 30, 2013 and June 30, 2014	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$221.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$233.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$412.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$381.90M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$460.61M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$434.81M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$175.76M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$214.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$341.70M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$128.95M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$324.08M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$160.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$118.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$110.73M	USD	3 Qtrs
Gross profit	`GrossProfit`	$54.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$46.81M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.05M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$109.61M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$98.59M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.65M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.14M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.76M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.29M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.35M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.14M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.05M	USD	1 Quarter
Income before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.16M	USD	3 Qtrs
Income before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.79M	USD	3 Qtrs
Income before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.50M	USD	1 Quarter
Income before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.57M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.07M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.64M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.42	USD	3 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.26	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.25	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.41	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.39M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.18M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.01M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.86M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.91M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.60M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.18M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.13M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.41M	USD	3 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-248.00K	USD	3 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-86.00K	USD	3 Qtrs
Gain on insurance settlements	`GainLossOnSaleOfInsuranceBlock`	$193.00K	USD	3 Qtrs
Gain on insurance settlements	`GainLossOnSaleOfInsuranceBlock`	$192.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.25M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.14M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$10.04M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.64M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$6.22M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$15.86M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$123.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$246.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.16M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.38M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$9.85M	USD	3 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.32M	USD	3 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.67M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-389.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.87M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.86M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.85M	USD	3 Qtrs
Net cash used in acquisition of businesses, primarily inventory	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.64M	USD	3 Qtrs
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	$714.00K	USD	3 Qtrs
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	$1.87M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$39.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$102.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.04M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.58M	USD	3 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$8.57M	USD	3 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$21.69M	USD	3 Qtrs
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.67M	USD	3 Qtrs
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.97M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$24.65M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$12.24M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.69M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.06M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.30M	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, end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.30M	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
Interest	`InterestPaid`	$3.41M	USD	3 Qtrs
Interest	`InterestPaid`	$3.04M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$36.00K	USD	3 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$221.81M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$233.78M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.64M	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$574.00K	USD	3 Qtrs
Shares issued upon vesting of equity awards, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	-	USD	3 Qtrs
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.10M	USD	3 Qtrs
Shares issued upon exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	426,076.00	shares	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.14M	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$221.81M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$233.78M	USD	Point-in-time

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