10-Q Filing

MARINEMAX INC CIK: 1057060 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-001126`
Period End Date	20171231
Filing Date	20180131
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	hzo-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 26 Cash Flow Statement 58 Stockholders Equity 15

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$69.48M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$71.61M	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`	$38.59M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.95M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.57M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.66M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$28.73M	USD	Point-in-time
Inventories, net	`InventoryNet`	$440.72M	USD	Point-in-time
Inventories, net	`InventoryNet`	$401.30M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.62M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$511.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$473.76M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.31M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $69,485 and $71,609	`PropertyPlantAndEquipmentNet`	$127.16M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $69,485 and $71,609	`PropertyPlantAndEquipmentNet`	$127.41M	USD	Point-in-time
Goodwill and other long-term assets, net	`GoodwillAndOtherAssetsNonCurrent`	$30.30M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.89M	shares	Point-in-time
Goodwill and other long-term assets, net	`GoodwillAndOtherAssetsNonCurrent`	$30.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.07M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$8.77M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.47M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$7.47M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.43M	shares	Point-in-time
Total assets	`Assets`	$676.91M	USD	Point-in-time
Total assets	`Assets`	$639.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.37M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$21.03M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$19.62M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$33.05M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$26.94M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$307.74M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$254.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$364.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$334.69M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$2.79M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$3.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$367.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$337.79M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2017 and December 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, 2017 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 26,314,066 and 26,542,402 shares issued and 21,887,579 and 22,071,671 shares outstanding as of September 30, 2017 and December 31, 2017, respectively	`CommonStockValue`	$27.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 26,314,066 and 26,542,402 shares issued and 21,887,579 and 22,071,671 shares outstanding as of September 30, 2017 and December 31, 2017, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$253.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$249.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$130.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$126.76M	USD	Point-in-time
Treasury stock, at cost, 4,426,487 and 4,470,731 shares held as of September 30, 2017 and December 31, 2017, respectively	`TreasuryStockValue`	$75.26M	USD	Point-in-time
Treasury stock, at cost, 4,426,487 and 4,470,731 shares held as of September 30, 2017 and December 31, 2017, respectively	`TreasuryStockValue`	$74.56M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$302.20M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$309.46M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$639.99M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$676.91M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$226.88M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$236.92M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$173.74M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$177.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$53.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.25M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.09M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.57M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.47M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.46M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.25M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.64M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.25M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.71M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.15M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$1.24M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Loss (gain) on sale of property and equipment and assets held for sale	`GainLossOnSaleOfPropertyPlantEquipment`	$21.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment and assets held for sale	`GainLossOnSaleOfPropertyPlantEquipment`	$-32.00K	USD	1 Quarter
Gain on insurance settlements	`GainLossOnInsuranceSettlements`	$82.00K	USD	1 Quarter
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementOperatingActivities`	$906.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.06M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.51M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.63M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.04M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$39.42M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$41.64M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$779.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$872.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.07M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-116.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-7.36M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.41M	USD	1 Quarter
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$-3.66M	USD	1 Quarter
Accrued expenses and long-term liabilities	`IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities`	$-3.10M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-56.18M	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`	$2.72M	USD	1 Quarter
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	$146.00K	USD	1 Quarter
Proceeds from sale of property and equipment and assets held for sale	`ProceedsFromSaleOfPropertyAndEquipmentAndAssetsHeldForSale`	$101.00K	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`	$-2.48M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.58M	USD	1 Quarter
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$46.96M	USD	1 Quarter
Net borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$53.56M	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`	$2.35M	USD	1 Quarter
Contingent acquisition consideration payments	`ContingentAcquisitionConsiderationPayments`	$2.83M	USD	1 Quarter
Payments on tax withholdings for equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$118.00K	USD	1 Quarter
Payments on tax withholdings for equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$87.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$2.34M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$695.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$52.27M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$45.32M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.39M	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`	$41.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.08M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.57M	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`	$41.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.08M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.57M	USD	Point-in-time
Interest	`InterestPaid`	$2.84M	USD	1 Quarter
Interest	`InterestPaid`	$1.62M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$100.00K	USD	1 Quarter
Accrued acquisition of property and equipment	`NoncashOrPartNoncashAccruedAcquisitionOfPropertyAndEquipment`	$364.00K	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$302.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$309.46M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	26.54M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	26.31M	shares	Point-in-time
Net income	`NetIncomeLoss`	$4.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.64M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$695.00K	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$435.00K	USD	1 Quarter
Shares issued upon vesting of equity awards, net of minimum tax withholding	`SharesIssuedUponVestingOfEquityAwardsNetOfTaxWithholdingValue`	$118.00K	USD	1 Quarter
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.92M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.51M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$302.20M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$309.46M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	26.54M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	26.31M	shares	Point-in-time

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