10-Q Filing

MARINEMAX INC CIK: 1057060 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-012338`
Period End Date	20151231
Filing Date	20160204
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	hzo-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 26 Cash Flow Statement 52 Stockholders Equity 16

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.87M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.28M	USD	Point-in-time
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`	$32.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.16M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.47M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$273.88M	USD	Point-in-time
Inventories, net	`InventoryNet`	$326.37M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.22M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$8.79M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$9.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.65M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$388.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$345.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $56,282 and $57,866	`PropertyPlantAndEquipmentNet`	$98.99M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $56,282 and $57,866	`PropertyPlantAndEquipmentNet`	$98.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.23M	shares	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	1.42M	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.38M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	1.36M	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.31M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$17.97M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$18.26M	USD	Point-in-time
Total assets	`Assets`	$467.62M	USD	Point-in-time
Total assets	`Assets`	$510.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.68M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$12.73M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$12.97M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.96M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.69M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$187.52M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$137.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$224.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$183.39M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$586.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$625.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$183.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$225.48M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2015 and December 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, 2015 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,562,994 and 25,647,819 shares issued and 24,199,661 and 24,228,109 shares outstanding as of September 30, 2015 and December 31, 2015, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,562,994 and 25,647,819 shares issued and 24,199,661 and 24,228,109 shares outstanding as of September 30, 2015 and December 31, 2015, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$234.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$235.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$75.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$76.32M	USD	Point-in-time
Treasury stock, at cost, 1,363,333 and 1,419,710 shares held as of September 30, 2015 and December 31, 2015, respectively	`TreasuryStockValue`	$26.29M	USD	Point-in-time
Treasury stock, at cost, 1,363,333 and 1,419,710 shares held as of September 30, 2015 and December 31, 2015, respectively	`TreasuryStockValue`	$27.13M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$283.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$285.13M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$510.61M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$467.62M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$169.54M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$158.13M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$120.67M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$127.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.61M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.95M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.09M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.66M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.15M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.23M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.44M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$214.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$547.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$214.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$889.00K	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.28M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.21M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.95M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.70M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$214.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$889.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.89M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$533.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-47.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-22.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.01M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.26M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.05M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.57M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$52.49M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$33.97M	USD	1 Quarter
Prepaid expenses and other long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$219.00K	USD	1 Quarter
Prepaid expenses and other long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.83M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.20M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.63M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$239.00K	USD	1 Quarter
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$-4.31M	USD	1 Quarter
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$-3.83M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-41.48M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-55.67M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.77M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.04M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.04M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.75M	USD	1 Quarter
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$50.33M	USD	1 Quarter
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$32.80M	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$635.00K	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$478.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$841.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$33.44M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$49.97M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.45M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.07M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.61M	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`	$17.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.61M	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`	$17.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.16M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$1.03M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$1.13M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$36.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$180.00K	USD	1 Quarter
Non-cash: exchange of note receivable for property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$6.02M	USD	1 Quarter
Non-cash: tax withholdings upon vesting of equity awards	`NoncashOrPartNoncashTaxWithholdingsOfEquityAwards`	$80.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$283.64M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$285.13M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.65M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Net income	`NetIncomeLoss`	$214.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$889.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$841.00K	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$355.00K	USD	1 Quarter
Shares issued upon vesting of equity awards, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$80.00K	USD	1 Quarter
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$123.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.26M	USD	1 Quarter
Stock option tax benefit, net of shortfalls	`StockOptionTaxBenefitNetOfShortfalls`	$223.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$283.64M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$285.13M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.65M	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.