10-Q Filing

MARINEMAX INC CIK: 1057060 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-022331`
Period End Date	20160630
Filing Date	20160803
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	hzo-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 51 Cash Flow Statement 59 Stockholders Equity 18

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.28M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.43M	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`	$55.56M	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
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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$27.32M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	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
Inventories, net	`InventoryNet`	$306.63M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.32M	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$335.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$400.83M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $56,282 and $61,431	`PropertyPlantAndEquipmentNet`	$115.35M	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 $61,431	`PropertyPlantAndEquipmentNet`	$98.99M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.18M	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$5.31M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$13.27M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.57M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$16.38M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$27.52M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.36M	shares	Point-in-time
Total assets	`Assets`	$545.83M	USD	Point-in-time
Total assets	`Assets`	$467.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.34M	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`	$18.15M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$27.24M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.96M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$137.19M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$176.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$183.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$241.71M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$2.46M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$586.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$244.17M	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 June 30, 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 June 30, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,562,994 and 25,750,882 shares issued and 24,199,661 and 24,183,866 shares outstanding as of September 30, 2015 and June 30, 2016, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,562,994 and 25,750,882 shares issued and 24,199,661 and 24,183,866 shares outstanding as of September 30, 2015 and June 30, 2016, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$234.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$238.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.81M	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 June 30, 2016, respectively	`TreasuryStockValue`	$29.37M	USD	Point-in-time
Treasury stock, at cost, 1,363,333 and 1,567,016 shares held as of September 30, 2015 and June 30, 2016, respectively	`TreasuryStockValue`	$26.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$301.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$283.64M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$467.62M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$545.83M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$714.70M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$345.59M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$231.85M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$562.12M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$425.42M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$545.15M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$266.69M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$174.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$169.54M	USD	3 Qtrs
Gross profit	`GrossProfit`	$78.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$136.69M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.33M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$136.74M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$117.70M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$32.81M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$24.58M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.99M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.54M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.28M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.14M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.45M	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.85M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.10M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.53M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$9.04M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$11.15M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.45M	USD	3 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.72	USD	3 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.63	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.61	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.70	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.65M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.49M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.18M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.71M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.18M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.32M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.45M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.90M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.86M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$10.52M	USD	3 Qtrs
Gain on assets held for sale, sale of property and equipment, and acquisition of controlling interest, net	`GainLossOnSaleOfPropertyPlantEquipmentAndAcquisitionOfControllingInterestNet`	$269.00K	USD	3 Qtrs
Gain on assets held for sale, sale of property and equipment, and acquisition of controlling interest, net	`GainLossOnSaleOfPropertyPlantEquipmentAndAcquisitionOfControllingInterestNet`	$1.57M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.15M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.29M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$10.47M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$8.18M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$13.45M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$17.07M	USD	3 Qtrs
Prepaid expenses and other long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.98M	USD	3 Qtrs
Prepaid expenses and other long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-709.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.72M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.47M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.65M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$4.65M	USD	3 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$5.38M	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`	$23.95M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.89M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.45M	USD	3 Qtrs
Net cash used in acquisition of businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$17.06M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$138.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.61M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.27M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-25.38M	USD	3 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$26.19M	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`	$1.27M	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`	$3.08M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$1.93M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$24.38M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$14.71M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.61M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.95M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.56M	USD	Point-in-time
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`	$32.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.56M	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`	$32.61M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$4.65M	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$3.57M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$68.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$213.00K	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
Non-cash: tax withholdings upon vesting of equity awards	`NoncashOrPartNoncashTaxWithholdingsOfEquityAwards`	$80.00K	USD	3 Qtrs
Non-cash: contingent consideration liabilities from acquisitions	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$3.31M	USD	3 Qtrs
Non-cash: exchange of equity interest for controlling interest	`NoncashOrPartNoncashExchangeOfEquityInterestForControllingInterest`	$2.86M	USD	3 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$301.66M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$283.64M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.75M	shares	Point-in-time
Net income	`NetIncomeLoss`	$14.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.45M	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$3.08M	USD	3 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$822.00K	USD	3 Qtrs
Shares issued upon vesting of equity awards, net of minimum tax withholding	`SharesIssuedUponVestingOfEquityAwardsNetOfTaxWithholdingValue`	$80.00K	USD	3 Qtrs
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$444.00K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.15M	USD	3 Qtrs
Stock option tax benefit, net of shortfalls	`StockOptionTaxBenefitNetOfShortfalls`	$620.00K	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$301.66M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$283.64M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.56M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.75M	shares	Point-in-time

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