10-Q Filing

MARINEMAX INC CIK: 1057060 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-006066`
Period End Date	20150630
Filing Date	20150804
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	hzo-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 48 Cash Flow Statement 56 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`	$47.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	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`	$23.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.82M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.55M	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`	$23.02M	USD	Point-in-time
Inventories, net	`InventoryNet`	$257.60M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.42M	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
Total current assets	`AssetsCurrent`	$288.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$333.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$106.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.21M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$101.88M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.68M	shares	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	790,900.00	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.16M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$11.85M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	875,900.00	shares	Point-in-time
Total assets	`Assets`	$444.48M	USD	Point-in-time
Total assets	`Assets`	$402.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.82M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$13.63M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$10.98M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.60M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$22.72M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$124.42M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$137.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$162.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.28M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$560.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$425.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$185.71M	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 June 30, 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 June 30, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,002,807 and 25,555,987 shares issued and 24,211,907 and 24,680,087 shares outstanding as of September 30, 2014 and June 30, 2015, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,002,807 and 25,555,987 shares issued and 24,211,907 and 24,680,087 shares outstanding as of September 30, 2014 and June 30, 2015, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$227.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$233.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$42.59M	USD	Point-in-time
Treasury stock, at cost, 790,900 and 875,900 shares held as of September 30, 2014 and June 30, 2015, respectively	`TreasuryStockValue`	$15.81M	USD	Point-in-time
Treasury stock, at cost, 790,900 and 875,900 shares held as of September 30, 2014 and June 30, 2015, respectively	`TreasuryStockValue`	$17.74M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$239.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$258.78M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$444.48M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$402.68M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$562.12M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$214.40M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$231.85M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$460.61M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$425.42M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$160.19M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$174.81M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$341.70M	USD	3 Qtrs
Gross profit	`GrossProfit`	$57.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$118.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$54.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$136.69M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.65M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$117.70M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$109.61M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.99M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$15.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.29M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.54M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.14M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.14M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.45M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.16M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.45M	USD	3 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.63	USD	3 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
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`	$0.59	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.61	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.65M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.49M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.86M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.60M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.18M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.32M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.45M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.86M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.41M	USD	3 Qtrs
Loss (gain) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-248.00K	USD	3 Qtrs
Loss (gain) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.57M	USD	3 Qtrs
Gain on insurance settlements	`GainLossOnSaleOfInsuranceBlock`	$193.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.29M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.14M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$10.47M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.64M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$13.45M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$6.22M	USD	3 Qtrs
Prepaid expenses and other long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-709.00K	USD	3 Qtrs
Prepaid expenses and other long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$246.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.16M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.72M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.38M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.65M	USD	3 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$2.67M	USD	3 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$2.98M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.18M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.87M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.89M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.86M	USD	3 Qtrs
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	-	USD	3 Qtrs
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	$714.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$102.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.61M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.04M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.27M	USD	3 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$8.57M	USD	3 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$12.96M	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`	$3.67M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$1.93M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$12.24M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$14.71M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.06M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.61M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	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`	$41.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.45M	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`	$23.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.82M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$3.57M	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$3.04M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$36.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$68.00K	USD	3 Qtrs
Non-cash: exchange of note receivable for property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$6.02M	USD	3 Qtrs
Non-cash: real estate assets classified as held for sale	`NoncashOrPartNoncashRealEstateAssetsHeldForSale`	$604.00K	USD	3 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$239.29M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$258.78M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.00M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Net income	`NetIncomeLoss`	$6.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.45M	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$1.93M	USD	3 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$669.00K	USD	3 Qtrs
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.00M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.29M	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$239.29M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$258.78M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.00M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.56M	shares	Point-in-time

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