10-Q Filing

MARINEMAX INC CIK: 1057060 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-002720`
Period End Date	20191231
Filing Date	20200130
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	hzo-10q_20191231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 26 Cash Flow Statement 53 Stockholders Equity 23 Comprehensive Income 6

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$80.82M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$77.80M	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`	$38.51M	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`	$35.98M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$36.12M	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`	$42.40M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$493.94M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$477.47M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.21M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.01M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$577.05M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$568.58M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $77,798 and $80,823	`PropertyPlantAndEquipmentNet`	$144.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.51M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.69M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $77,798 and $80,823	`PropertyPlantAndEquipmentNet`	$144.76M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$41.34M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$64.08M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	6.19M	shares	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$64.48M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	6.19M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$7.12M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$7.78M	USD	Point-in-time
Total assets	`Assets`	$835.41M	USD	Point-in-time
Total assets	`Assets`	$784.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.67M	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$24.30M	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$20.20M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.85M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$35.44M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.90M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$312.06M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$334.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$414.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$412.89M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$36.33M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$2.41M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$1.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.15M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$454.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$415.26M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2019 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of September 30, 2019 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 27,508,473 and 27,686,764 shares issued and 21,321,688 and 21,499,979 shares outstanding as of September 30, 2019 and December 31, 2019, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000,000 shares authorized, 27,508,473 and 27,686,764 shares issued and 21,321,688 and 21,499,979 shares outstanding as of September 30, 2019 and December 31, 2019, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$271.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$269.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-669.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-63.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$212.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$202.46M	USD	Point-in-time
Treasury stock, at cost, 6,186,785 and 6,186,785 shares held as of September 30, 2019 and December 31, 2019, respectively	`TreasuryStockCommonValue`	$102.96M	USD	Point-in-time
Treasury stock, at cost, 6,186,785 and 6,186,785 shares held as of September 30, 2019 and December 31, 2019, respectively	`TreasuryStockCommonValue`	$102.96M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$368.82M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$380.75M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$353.09M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$361.44M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$835.41M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$784.08M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$304.17M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$241.94M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$224.15M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$178.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$63.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$80.02M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$64.39M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.49M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.34M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.52M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.29M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.47M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.23M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.06M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.78M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.45M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.40M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.89M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$9.06M	USD	1 Quarter
Net income	`ProfitLoss`	$4.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.77M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseCashFlows`	$1.06M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseCashFlows`	$683.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-84.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-24.00K	USD	1 Quarter
Proceeds from insurance settlements	`ProceedsFromInsuranceSettlementOperatingActivities`	$475.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.51M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.45M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-6.34M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-7.82M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$16.48M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$68.95M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.69M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.01M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.29M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.56M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$-4.11M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$4.07M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.48M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.09M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.09M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.30M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.40M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.02M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$43.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.98M	USD	1 Quarter
Net (payments) borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$57.77M	USD	1 Quarter
Net (payments) borrowings on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$22.02M	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.82M	USD	1 Quarter
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$616.00K	USD	1 Quarter
Payments on tax withholdings for equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.52M	USD	1 Quarter
Payments on tax withholdings for equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.67M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$229.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$57.83M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.96M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$208.00K	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.53M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.24M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$35.98M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$35.98M	USD	Point-in-time
Interest	`InterestPaidNet`	$2.71M	USD	1 Quarter
Interest	`InterestPaidNet`	$4.09M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$161.00K	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$368.82M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$380.75M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$353.09M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$361.44M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	27.51M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	27.69M	shares	Point-in-time
Net income	`NetIncomeLoss`	$4.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.06M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$229.00K	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$505.00K	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$507.00K	USD	1 Quarter
Shares issued upon vesting of equity awards, net of minimum tax withholding	`SharesIssuedUponVestingOfEquityAwardsNetOfTaxWithholdingValue`	$476.00K	USD	1 Quarter
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$111.00K	USD	1 Quarter
Shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.31M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.51M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.45M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$606.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$368.82M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$380.75M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$353.09M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$361.44M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	27.51M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesIssued`	27.69M	shares	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.06M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$606.00K	USD	1 Quarter
Total other comprehensive gain, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$606.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.91M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.66M	USD	1 Quarter

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