10-Q Filing

MARINEMAX INC CIK: 1057060 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-035399`
Period End Date	20141231
Filing Date	20150205
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	hzo-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 26 Cash Flow Statement 49 Stockholders Equity 14

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`	$27.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.60M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.55M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$244.15M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$278.12M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.42M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.63M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$288.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$318.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.21M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$107.99M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.31M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$101.88M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	790,900.00	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.83M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$11.85M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	790,900.00	shares	Point-in-time
Total assets	`Assets`	$431.94M	USD	Point-in-time
Total assets	`Assets`	$402.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.82M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$12.61M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$10.98M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.60M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$124.42M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$157.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$190.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$162.83M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$560.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$422.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$190.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$163.39M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2014 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2014 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,002,807 and 25,104,728 shares issued and 24,211,907 and 24,313,828 shares outstanding as of September 30, 2014 and December 31, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,002,807 and 25,104,728 shares issued and 24,211,907 and 24,313,828 shares outstanding as of September 30, 2014 and December 31, 2014, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$229.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$227.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.14M	USD	Point-in-time
Treasury stock, at cost, 790,900 shares held as of September 30, 2014 and December 31, 2014	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Treasury stock, at cost, 790,900 shares held as of September 30, 2014 and December 31, 2014	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$239.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$241.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$431.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$402.68M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$158.13M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$109.59M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$79.68M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$120.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$29.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.45M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.28M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.09M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$1.36M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-2.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$997.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.15M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.37M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$214.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$214.00K	USD	1 Quarter
Basic net (loss) income per common share	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic net (loss) income per common share	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Diluted net (loss) income per common share	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted net (loss) income per common share	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.72M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.28M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.95M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.72M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$214.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.76M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.90M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$30.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-47.00K	USD	1 Quarter
Gain on insurance settlements	`GainLossOnSaleOfInsuranceBlock`	$214.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.01M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.15M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.05M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-5.83M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$10.01M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$33.97M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-31.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$219.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.29M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.20M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.63M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.18M	USD	1 Quarter
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.41M	USD	1 Quarter
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.83M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-41.48M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-11.38M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.62M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.04M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$50.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.57M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.04M	USD	1 Quarter
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$32.80M	USD	1 Quarter
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$3.44M	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.66M	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$635.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.10M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$33.44M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.85M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.07M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.90M	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`	$17.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.90M	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`	$17.76M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$1.03M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$859.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$36.00K	USD	1 Quarter
Non-cash exchange of note receivable for property and equipment	`NoncashExchangeForPropertyAndEquipment`	$6.02M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$239.29M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$241.16M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.00M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.10M	shares	Point-in-time
Net income	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$214.00K	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$297.00K	USD	1 Quarter
Shares issued upon vesting of equity awards, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	-	USD	1 Quarter
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$338.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$239.29M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$241.16M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.00M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.10M	shares	Point-in-time

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