10-Q Filing

MARINEMAX INC CIK: 1057060 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-017297`
Period End Date	20160331
Filing Date	20160502
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	hzo-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 51 Cash Flow Statement 56 Stockholders Equity 18

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$59.68M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.70M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.47M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.86M	USD	Point-in-time
Inventories, net	`InventoryNet`	$346.41M	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
Inventories, net	`InventoryNet`	$273.88M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.85M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.86M	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
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$7.64M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$9.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$440.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$345.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.68M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.12M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $56,282 and $59,682	`PropertyPlantAndEquipmentNet`	$98.99M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $56,282 and $59,682	`PropertyPlantAndEquipmentNet`	$113.01M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	1.36M	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$3.85M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	1.57M	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.31M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$18.26M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$17.57M	USD	Point-in-time
Total assets	`Assets`	$575.18M	USD	Point-in-time
Total assets	`Assets`	$467.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.51M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$12.73M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$19.71M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.96M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$22.50M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$219.03M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$137.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$288.24M	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`	$651.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$288.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$183.98M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2015 and March 31, 2016	`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 March 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,562,994 and 25,682,502 shares issued and 24,199,661 and 24,115,486 shares outstanding as of September 30, 2015 and March 31, 2016, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,562,994 and 25,682,502 shares issued and 24,199,661 and 24,115,486 shares outstanding as of September 30, 2015 and March 31, 2016, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$236.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$234.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$78.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$75.43M	USD	Point-in-time
Treasury stock, at cost, 1,363,333 and 1,567,016 shares held as of September 30, 2015 and March 31, 2016, respectively	`TreasuryStockValue`	$26.29M	USD	Point-in-time
Treasury stock, at cost, 1,363,333 and 1,567,016 shares held as of September 30, 2015 and March 31, 2016, respectively	`TreasuryStockValue`	$29.37M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$283.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$286.29M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$575.18M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$467.62M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$199.57M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$369.10M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$330.27M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$172.14M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$278.46M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$129.94M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$150.54M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$250.61M	USD	2 Qtrs
Gross profit	`GrossProfit`	$79.66M	USD	2 Qtrs
Gross profit	`GrossProfit`	$90.64M	USD	2 Qtrs
Gross profit	`GrossProfit`	$49.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.20M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.56M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.46M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$76.65M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$82.41M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.64M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.23M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.00M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$5.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.81M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.40M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$604.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$390.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.42M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.99M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.11M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$390.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$604.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.31M	USD	2 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.14	USD	2 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.13	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.15M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.41M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.18M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.70M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.11M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$390.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$604.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.31M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.88M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.85M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$2.01M	USD	2 Qtrs
Loss (gain) on assets held for sale, sale of property and equipment, and acquisition of controlling interest, net	`GainLossOnSaleOfPropertyPlantEquipmentAndAcquisitionOfControllingInterestNet`	$201.00K	USD	2 Qtrs
Loss (gain) on assets held for sale, sale of property and equipment, and acquisition of controlling interest, net	`GainLossOnSaleOfPropertyPlantEquipmentAndAcquisitionOfControllingInterestNet`	$-78.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.63M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.16M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$10.50M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$13.12M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$71.60M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$32.88M	USD	2 Qtrs
Prepaid expenses and other long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.04M	USD	2 Qtrs
Prepaid expenses and other long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.11M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.35M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.11M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$6.62M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$6.18M	USD	2 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$2.10M	USD	2 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$926.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-53.54M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-24.89M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.17M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.66M	USD	2 Qtrs
Net cash used in acquisition of businesses, primarily property and equipment	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.29M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$36.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$37.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.91M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.13M	USD	2 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$81.28M	USD	2 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$40.86M	USD	2 Qtrs
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$610.00K	USD	2 Qtrs
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.02M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$3.08M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$43.88M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$78.82M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.36M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.86M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.97M	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`	$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`	$43.97M	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`	$32.61M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$2.30M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$2.82M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$36.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$180.00K	USD	2 Qtrs
Non-cash: exchange of note receivable for property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$6.02M	USD	2 Qtrs
Non-cash: tax withholdings upon vesting of equity awards	`NoncashOrPartNoncashTaxWithholdingsOfEquityAwards`	$80.00K	USD	2 Qtrs
Non-cash: exchange of equity interest for controlling interest	`NoncashOrPartNoncashExchangeOfEquityInterestForControllingInterest`	$2.86M	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$283.64M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$286.29M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.68M	shares	Point-in-time
Net income	`NetIncomeLoss`	$390.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$604.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.31M	USD	2 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$3.08M	USD	2 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$355.00K	USD	2 Qtrs
Shares issued upon vesting of equity awards, net of minimum tax withholding	`SharesIssuedUponVestingOfEquityAwardsNetOfTaxWithholdingValue`	$80.00K	USD	2 Qtrs
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$255.00K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.16M	USD	2 Qtrs
Stock option tax benefit, net of shortfalls	`StockOptionTaxBenefitNetOfShortfalls`	$287.00K	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$283.64M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$286.29M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.68M	shares	Point-in-time

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