10-Q Filing

MARINEMAX INC CIK: 1057060 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-008105`
Period End Date	20170331
Filing Date	20170502
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	hzo-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 52 Cash Flow Statement 63 Stockholders Equity 17

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`	$67.09M	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`	$32.61M	USD	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`	$51.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.97M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$36.94M	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
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`	$404.69M	USD	Point-in-time
Inventories, net	`InventoryNet`	$321.98M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.04M	USD	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, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$498.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$391.11M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.19M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.98M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $61,003 and $67,089	`PropertyPlantAndEquipmentNet`	$126.61M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $61,003 and $67,089	`PropertyPlantAndEquipmentNet`	$121.35M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.29M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.35M	shares	Point-in-time
Goodwill and other long-term assets, net	`GoodwillAndOtherAssetsNonCurrent`	$29.54M	USD	Point-in-time
Goodwill and other long-term assets, net	`GoodwillAndOtherAssetsNonCurrent`	$13.15M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.69M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.84M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$18.64M	USD	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`	$673.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.93M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$30.13M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$25.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.96M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$25.60M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$166.55M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$265.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$347.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$231.88M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$4.63M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$2.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$352.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$234.22M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2016 and March 31, 2017	`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 March 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,977,632 and 26,190,867 shares issued and 24,285,616 and 24,350,796 shares outstanding as of September 30, 2016 and March 31, 2017, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 25,977,632 and 26,190,867 shares issued and 24,285,616 and 24,350,796 shares outstanding as of September 30, 2016 and March 31, 2017, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$246.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$241.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.60M	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 March 31, 2017, respectively	`TreasuryStockValue`	$31.82M	USD	Point-in-time
Treasury stock, at cost, 1,692,016 and 1,840,071 shares held as of September 30, 2016 and March 31, 2017, respectively	`TreasuryStockValue`	$34.16M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$320.79M	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`	$673.13M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$245.02M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$369.10M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$199.57M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$471.89M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$357.70M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$278.46M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$150.54M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$183.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$61.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$90.64M	USD	2 Qtrs
Gross profit	`GrossProfit`	$114.20M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$101.88M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.78M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.46M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$82.41M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.32M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$8.23M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$5.57M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.61M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.81M	USD	2 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.71M	USD	2 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.23M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.42M	USD	2 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.99M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.50M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.31M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.25M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.75M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.22	USD	2 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.13	USD	2 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.13	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.22	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.18M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.27M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.29M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.76M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.02M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.75M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.88M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.42M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$2.44M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$2.15M	USD	2 Qtrs
Gain on sale of property and equipment and assets held for sale	`GainLossOnSaleOfPropertyPlantEquipment`	$201.00K	USD	2 Qtrs
Gain on sale of property and equipment and assets held for sale	`GainLossOnSaleOfPropertyPlantEquipment`	$10.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.16M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.32M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$13.12M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$12.01M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$60.49M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$71.60M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.04M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$145.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.34M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.33M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.48M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$6.62M	USD	2 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$2.18M	USD	2 Qtrs
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$3.90M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-53.46M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-42.34M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.69M	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 and inventory	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$18.73M	USD	2 Qtrs
Net cash used in acquisition of businesses, primarily property and equipment and inventory	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.29M	USD	2 Qtrs
Proceeds from sale of property and equipment and assets held for sale	`ProceedsFromSaleOfPropertyAndEquipmentAndAssetsHeldForSale`	$824.00K	USD	2 Qtrs
Proceeds from sale of property and equipment and assets held for sale	`ProceedsFromSaleOfPropertyAndEquipmentAndAssetsHeldForSale`	$36.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.91M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.59M	USD	2 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$81.28M	USD	2 Qtrs
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$82.56M	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`	$1.20M	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.03M	USD	2 Qtrs
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$133.00K	USD	1 Quarter
Contingent acquisition consideration payments	`ContingentAcquisitionConsiderationPayments`	$150.00K	USD	2 Qtrs
Payments on tax withholdings for equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$80.00K	USD	2 Qtrs
Payments on tax withholdings for equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$87.00K	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$2.34M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$3.08M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$78.74M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$82.02M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.09M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.36M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.59M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.67M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.97M	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`	$38.59M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.67M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.97M	USD	Point-in-time
Interest	`InterestPaid`	$3.81M	USD	2 Qtrs
Interest	`InterestPaid`	$2.82M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$100.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$180.00K	USD	2 Qtrs
Adjustment to retained earnings and deferred tax assets to adopt ASU 2016-09	`NoncashAdjustmentToRetainedEarningsAndDeferredTaxAssetsToAdoptAccountingStandardUpdate`	$5.20M	USD	2 Qtrs
Exchange of equity interest for controlling interest	`NoncashOrPartNoncashExchangeOfEquityInterestForControllingInterest`	$2.86M	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$320.79M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$312.47M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	26.19M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	25.98M	shares	Point-in-time
Net income	`NetIncomeLoss`	$3.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.75M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$2.34M	USD	2 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$435.00K	USD	2 Qtrs
Shares issued upon vesting of equity awards, net of minimum tax withholding	`SharesIssuedUponVestingOfEquityAwardsNetOfTaxWithholdingValue`	$87.00K	USD	2 Qtrs
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.60M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.32M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$320.79M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$312.47M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	26.19M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	25.98M	shares	Point-in-time

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