10-Q Filing

MARINEMAX INC CIK: 1057060 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-000895`
Period End Date	20161231
Filing Date	20170202
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	hzo-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 26 Cash Flow Statement 55 Stockholders Equity 15

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.00M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$64.93M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.59M	USD	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`	$25.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.08M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.58M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$22.95M	USD	Point-in-time
Inventories, net	`InventoryNet`	$321.98M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$363.62M	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`	$5.96M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.71M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$391.11M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$429.37M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $61,003 and $64,930	`PropertyPlantAndEquipmentNet`	$121.35M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.98M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.08M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $61,003 and $64,930	`PropertyPlantAndEquipmentNet`	$123.55M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$13.15M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.24M	shares	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$13.38M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.29M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$19.84M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.84M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.69M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$21.07M	USD	Point-in-time
Total assets	`Assets`	$546.69M	USD	Point-in-time
Total assets	`Assets`	$586.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.48M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$22.77M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$30.13M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$25.60M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$22.43M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$166.55M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$213.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$268.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$231.88M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$2.34M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$2.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$234.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$270.60M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2016 and December 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, 2016 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,977,632 and 26,083,154 shares issued and 24,285,616 and 24,243,083 shares outstanding as of September 30, 2016 and December 31, 2016, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,977,632 and 26,083,154 shares issued and 24,285,616 and 24,243,083 shares outstanding as of September 30, 2016 and December 31, 2016, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$241.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$243.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$105.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$103.21M	USD	Point-in-time
Treasury stock, at cost, 1,692,016 and 1,840,071 shares held as of September 30, 2016 and December 31, 2016, respectively	`TreasuryStockValue`	$34.16M	USD	Point-in-time
Treasury stock, at cost, 1,692,016 and 1,840,071 shares held as of September 30, 2016 and December 31, 2016, respectively	`TreasuryStockValue`	$31.82M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$315.53M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$312.47M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$546.69M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$586.13M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$169.54M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$226.88M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$127.92M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$173.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$53.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.61M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.09M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.95M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.04M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.66M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.23M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.47M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.44M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$748.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$688.00K	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.25M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.21M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.74M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.92M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$688.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.89M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$1.24M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$734.00K	USD	1 Quarter
Loss on sale of property and equipment and assets held for sale	`GainLossOnSaleOfPropertyPlantEquipment`	$-22.00K	USD	1 Quarter
Loss on sale of property and equipment and assets held for sale	`GainLossOnSaleOfPropertyPlantEquipment`	$-32.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.26M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.06M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.57M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.63M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$41.64M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$52.49M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$779.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-116.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.83M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-7.36M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$239.00K	USD	1 Quarter
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$-4.23M	USD	1 Quarter
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$-3.10M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-55.59M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-43.24M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.35M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.77M	USD	1 Quarter
Proceeds from sale of property and equipment and assets held for sale	`ProceedsFromSaleOfPropertyAndEquipmentAndAssetsHeldForSale`	$15.00K	USD	1 Quarter
Proceeds from sale of property and equipment and assets held for sale	`ProceedsFromSaleOfPropertyAndEquipmentAndAssetsHeldForSale`	$774.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.58M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.75M	USD	1 Quarter
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$46.96M	USD	1 Quarter
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$50.33M	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$785.00K	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$478.00K	USD	1 Quarter
Payments on tax withholdings for equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$80.00K	USD	1 Quarter
Payments on tax withholdings for equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$87.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$841.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$2.34M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$45.32M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$49.89M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.45M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.51M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.59M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.08M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.59M	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`	$25.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.08M	USD	Point-in-time
Interest	`InterestPaid`	$1.62M	USD	1 Quarter
Interest	`InterestPaid`	$1.13M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$180.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$100.00K	USD	1 Quarter
Adjustment to retained earnings and deferred tax assets to adopt ASU 2016-09	`NoncashAdjustmentToRetainedEarningsAndDeferredTaxAssetsToAdoptAccountingStandardUpdate`	$5.20M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$315.53M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$312.47M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.98M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	26.08M	shares	Point-in-time
Net income	`NetIncomeLoss`	$2.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$688.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$2.34M	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$436.00K	USD	1 Quarter
Shares issued upon vesting of equity awards, net of minimum tax withholding	`SharesIssuedUponVestingOfEquityAwardsNetOfTaxWithholdingValue`	$87.00K	USD	1 Quarter
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$349.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.06M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$315.53M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$312.47M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.98M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	26.08M	shares	Point-in-time

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