10-Q Filing

MARINEMAX INC CIK: 1057060 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-172109`
Period End Date	20150331
Filing Date	20150505
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	hzo-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 52 Cash Flow Statement 52 Stockholders Equity 16

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`	$30.80M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.70M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.05M	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`	$277.03M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.88M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$346.65M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$288.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.68M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$108.10M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$101.88M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.21M	shares	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
Treasury stock, at cost	`TreasuryStockShares`	790,900.00	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.26M	USD	Point-in-time
Total assets	`Assets`	$460.00M	USD	Point-in-time
Total assets	`Assets`	$402.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.82M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$10.98M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$17.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.60M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$20.74M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$124.42M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$165.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$162.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$215.11M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$345.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$560.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$215.46M	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 March 31, 2015	`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 March 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,002,807 and 25,467,750 shares issued and 24,211,907 and 24,676,850 shares outstanding as of September 30, 2014 and March 31, 2015, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,002,807 and 25,467,750 shares issued and 24,211,907 and 24,676,850 shares outstanding as of September 30, 2014 and March 31, 2015, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$232.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$227.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.75M	USD	Point-in-time
Treasury stock, at cost, 790,900 shares held as of September 30, 2014 and March 31, 2015	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Treasury stock, at cost, 790,900 shares held as of September 30, 2014 and March 31, 2015	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$239.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$244.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$460.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$402.68M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$136.62M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$172.14M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$330.27M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$246.21M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$250.61M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$101.83M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$129.94M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$181.51M	USD	2 Qtrs
Gross profit	`GrossProfit`	$42.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.66M	USD	2 Qtrs
Gross profit	`GrossProfit`	$64.70M	USD	2 Qtrs
Gross profit	`GrossProfit`	$34.79M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.56M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$67.97M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.69M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$76.65M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$1.64M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-901.00K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$3.00M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-3.27M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.08M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.40M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.25M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.35M	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.98M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$390.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$604.00K	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$604.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-5.35M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$390.00K	USD	1 Quarter
Basic net (loss) income per common share	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic net (loss) income per common share	`EarningsPerShareBasic`	$-0.22	USD	2 Qtrs
Basic net (loss) income per common share	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Basic net (loss) income per common share	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted net (loss) income per common share	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted net (loss) income per common share	`EarningsPerShareDiluted`	$-0.22	USD	2 Qtrs
Diluted net (loss) income per common share	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Diluted net (loss) income per common share	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.78M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.41M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.11M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.78M	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$604.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-5.35M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$390.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.85M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.52M	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-78.00K	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-181.00K	USD	2 Qtrs
Gain on insurance settlements	`GainLossOnSaleOfInsuranceBlock`	$373.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.66M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.63M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.50M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$10.50M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$32.88M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$32.35M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-553.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.11M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.56M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.11M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$6.18M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$5.69M	USD	2 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.11M	USD	2 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$926.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-24.89M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-30.52M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.17M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.92M	USD	2 Qtrs
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	$714.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$37.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$81.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.13M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.13M	USD	2 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$40.86M	USD	2 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$37.63M	USD	2 Qtrs
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.02M	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	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$40.69M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$43.88M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.86M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.04M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.80M	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`	$42.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.80M	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`	$42.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$2.30M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$1.93M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$36.00K	USD	2 Qtrs
Non-cash exchange of note receivable for property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$6.02M	USD	2 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$239.29M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$244.55M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.47M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.00M	shares	Point-in-time
Net income	`NetIncomeLoss`	$604.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-5.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$390.00K	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$297.00K	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`	$2.72M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.63M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$239.29M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$244.55M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.47M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.00M	shares	Point-in-time

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