Malibu Boats (MBUU) 10-Q 7 May 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Mar. 31, 2020	May 06, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-36290
Entity Registrant Name	MALIBU BOATS, INC.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	5075 Kimberly Way,
Entity Address, City or Town	Loudon,
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37774
Entity Tax Identification Number	46-4024640
City Area Code	(865)
Local Phone Number	458-5478
Title of 12(b) Security	Class A Common Stock, par value $0.01
Trading Symbol	MBUU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Smaller Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001590976
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--06-30
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		20,537,469
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		15

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net sales	$ 182,310	$ 199,918	$ 534,502	$ 489,194
Cost of sales	136,461	150,196	408,784	370,656
Gross profit	45,849	49,722	125,718	118,538
Operating expenses:
Selling and marketing	4,572	5,273	14,304	13,372
General and administrative	9,643	12,324	30,389	32,527
Amortization	1,501	1,563	4,622	4,381
Operating income	30,133	30,562	76,403	68,258
Other (income) expense, net:
Other income, net	(1,660)	(712)	(1,679)	(746)
Interest expense	940	1,750	3,064	4,765
Other (income) expense, net	(720)	1,038	1,385	4,019
Income before provision for income taxes	30,853	29,524	75,018	64,239
Provision for income taxes	6,987	7,321	16,872	15,023
Net income	23,866	22,203	58,146	49,216
Net income attributable to non-controlling interest	1,088	1,104	2,787	2,562
Net income attributable to Malibu Boats, Inc.	22,778	21,099	55,359	46,654
Other comprehensive income (loss), net of tax:
Change in cumulative translation adjustment	(2,078)	99	(2,086)	(672)
Other comprehensive income (loss), net of tax	(2,078)	99	(2,086)	(672)
Comprehensive income, net of tax	21,788	22,302	56,060	48,544
Less: comprehensive income attributable to non-controlling interest, net of tax	993	1,111	2,692	2,527
Comprehensive income attributable to Malibu Boats, Inc., net of tax	$ 20,795	$ 21,191	$ 53,368	$ 46,017
Weighted average shares outstanding used in computing net income per share:
Basic (in shares)	20,630,741	20,901,547	20,684,034	20,805,912
Diluted (in shares)	20,775,108	21,007,933	20,827,958	20,943,548
Net income available to Class A Common Stock per share:
Basic (in dollars per share)	$ 1.11	$ 1.01	$ 2.68	$ 2.24
Diluted (in dollars per share)	$ 1.09	$ 1.01	$ 2.66	$ 2.23

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Current assets
Cash	$ 134,162	$ 27,392
Trade receivables, net	21,722	27,961
Inventories, net	88,865	67,768
Prepaid expenses and other current assets	6,018	4,530
Total current assets	250,767	127,651
Property, plant and equipment, net	88,320	65,756
Goodwill	50,605	51,404
Other intangible assets, net	141,249	146,061
Deferred tax assets	53,016	60,407
Other assets	14,707	35
Total assets	598,664	451,314
Current liabilities
Accounts payable	31,507	21,174
Accrued expenses	53,001	49,097
Income taxes and tax distribution payable	639	1,469
Payable pursuant to tax receivable agreement, current portion	3,477	3,592
Total current liabilities	88,624	75,332
Deferred tax liabilities	41	145
Other liabilities	15,901	1,689
Payable pursuant to tax receivable agreement, less current portion	49,067	50,162
Long-term debt	192,738	113,633
Total liabilities	346,371	240,961
Commitments and contingencies
Stockholders' Equity
Preferred Stock, par value $0.01 per share; 25,000,000 shares authorized; no shares issued and outstanding as of March 31, 2020 and June 30, 2019	0	0
Additional paid in capital	102,284	113,004
Accumulated other comprehensive loss	(4,914)	(2,828)
Accumulated earnings	147,508	93,852
Total stockholders' equity attributable to Malibu Boats, Inc.	245,082	204,235
Non-controlling interest	7,211	6,118
Total stockholders’ equity	252,293	210,353
Total liabilities and stockholders' equity	$ 598,664	$ 451,314
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Stockholders' Equity
Common stock	$ 204	$ 207
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Class B Common Stock
Stockholders' Equity
Common stock	$ 0	$ 0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	25,000,000	25,000,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2020	Jun. 30, 2019
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	20,537,469	20,852,640
Common stock, shares, outstanding (in shares)	20,537,469	20,852,640
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	15	15
Common stock, shares, outstanding (in shares)	15	15

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Additional Paid In Capital	Accumulated Other Comprehensive Loss	Accumulated Earnings	Non-controlling Interest in LLC	Class A Common Stock	Class A Common StockCommon Stock	Class A Common StockAdditional Paid In Capital	Class B Common Stock	Class B Common StockCommon Stock
Beginning balance (in shares) at Jun. 30, 2018							20,555,000			17
Beginning balance at Jun. 30, 2018	$ 139,871	$ 108,360	$ (1,984)	$ 27,789	$ 5,502		$ 204			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,015			11,298	717
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							(4,000)
Stock based compensation, net of withholding taxes on vested equity awards	(50)	(50)
Issuances of equity for services	71	71
Issuances of equity for exercise of options (in shares)							26,000
Issuances of equity for exercise of options	672	672
Increase in payable pursuant to the tax receivable agreement	(2,553)	(2,553)
Increase in deferred tax asset from step-up in tax basis	3,138	3,138
Exchange of LLC for Class A Common Stock (in shares)							199,000
Exchange of LLC for Class A Common Stock	2	1,047			(1,047)		$ 2
Cancellation of Class B Common Stock (in shares)										(1)
Cancellation of Class B Common Stock	0
Distributions to LLC Unit holders	(354)				(354)
Foreign currency translation adjustment	(419)		(404)		(15)
Ending balance (in shares) at Sep. 30, 2018							20,776,000			16
Ending balance at Sep. 30, 2018	152,393	110,685	(2,388)	39,087	4,803		$ 206			$ 0
Beginning balance (in shares) at Jun. 30, 2018							20,555,000			17
Beginning balance at Jun. 30, 2018	139,871	108,360	(1,984)	27,789	5,502		$ 204			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	49,216
Ending balance (in shares) at Mar. 31, 2019							20,851,000			15
Ending balance at Mar. 31, 2019	189,898	112,286	(2,656)	74,441	5,620		$ 207			$ 0
Beginning balance (in shares) at Sep. 30, 2018							20,776,000			16
Beginning balance at Sep. 30, 2018	152,393	110,685	(2,388)	39,087	4,803		$ 206			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,998			14,257	741
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							57,000
Stock based compensation, net of withholding taxes on vested equity awards	(11)	(12)					$ 1
Issuances of equity for services	597	597
Issuances of equity for exercise of options (in shares)							3,000
Issuances of equity for exercise of options	77	77
Distributions to LLC Unit holders	(362)			2	(364)
Foreign currency translation adjustment	(387)		(367)		(20)
Ending balance (in shares) at Dec. 31, 2018							20,836,000			16
Ending balance at Dec. 31, 2018	167,305	111,347	(2,755)	53,346	5,160		$ 207			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,203			21,099	1,104
Stock based compensation, net of withholding taxes on vested equity awards	729	729
Issuances of equity for services	61	61
Increase in payable pursuant to the tax receivable agreement	(123)	(123)
Increase in deferred tax asset from step-up in tax basis	183	183
Exchange of LLC for Class A Common Stock (in shares)							15,000			(1)
Exchange of LLC for Class A Common Stock		89			(89)
Distributions to LLC Unit holders	(563)			(4)	(559)
Foreign currency translation adjustment	103		99		4
Ending balance (in shares) at Mar. 31, 2019							20,851,000			15
Ending balance at Mar. 31, 2019	189,898	112,286	(2,656)	74,441	5,620		$ 207			$ 0
Beginning balance (in shares) at Jun. 30, 2019						20,852,640	20,853,000		15	15
Beginning balance at Jun. 30, 2019	210,353	113,004	(2,828)	93,852	6,118		$ 207			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	16,682			15,859	823
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							(5,000)
Stock based compensation, net of withholding taxes on vested equity awards	435	435
Issuances of equity for services	80	80
Repurchase and retirement of common stock (in shares)							(383,000)
Repurchase and retirement of common stock	(11,123)	(11,119)					$ (4)
Distributions to LLC Unit holders	(399)				(399)
Foreign currency translation adjustment	(648)		(623)		(25)
Ending balance (in shares) at Sep. 30, 2019							20,465,000			15
Ending balance at Sep. 30, 2019	213,677	102,400	(3,451)	108,008	6,517		$ 203			$ 0
Beginning balance (in shares) at Jun. 30, 2019						20,852,640	20,853,000		15	15
Beginning balance at Jun. 30, 2019	210,353	113,004	(2,828)	93,852	6,118		$ 207			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 58,146
Issuances of equity for exercise of options (in shares)	12,125
Ending balance (in shares) at Mar. 31, 2020						20,537,469	20,537,000		15	15
Ending balance at Mar. 31, 2020	$ 252,293	102,284	(4,914)	147,508	7,211		$ 204			$ 0
Beginning balance (in shares) at Sep. 30, 2019							20,465,000			15
Beginning balance at Sep. 30, 2019	213,677	102,400	(3,451)	108,008	6,517		$ 203			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17,598			16,722	876
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							116,000
Stock based compensation, net of withholding taxes on vested equity awards	237	236					$ 1
Issuances of equity for services (in shares)							2,000
Issuances of equity for services	655	655
Distributions to LLC Unit holders	(446)				(446)
Foreign currency translation adjustment	640		615		25
Ending balance (in shares) at Dec. 31, 2019							20,583,000			15
Ending balance at Dec. 31, 2019	232,361	103,291	(2,836)	124,730	6,972		$ 204			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,866			22,778	1,088
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							1,000
Stock based compensation, net of withholding taxes on vested equity awards	789	789
Issuances of equity for services	58	58
Issuances of equity for exercise of options (in shares)								12,000
Issuances of equity for exercise of options	377	377
Repurchase and retirement of common stock (in shares)							(100,000)
Repurchase and retirement of common stock	(2,710)	(2,709)					$ (1)
Increase in payable pursuant to the tax receivable agreement	(440)	(440)
Increase in deferred tax asset from step-up in tax basis	574	574
Exchange of LLC for Class A Common Stock (in shares)							41,000
Exchange of LLC for Class A Common Stock	1	344			(344)		$ 1
Distributions to LLC Unit holders	(421)				(421)
Foreign currency translation adjustment	(2,162)		(2,078)		(84)
Ending balance (in shares) at Mar. 31, 2020						20,537,469	20,537,000		15	15
Ending balance at Mar. 31, 2020	$ 252,293	$ 102,284	$ (4,914)	$ 147,508	$ 7,211		$ 204			$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Operating activities:
Net income	$ 23,866	$ 16,682	$ 22,203	$ 12,015	$ 58,146	$ 49,216
Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash compensation expense					2,306	1,866
Non-cash compensation to directors					621	606
Depreciation	2,938		2,744		9,040	7,102
Amortization					4,622	4,381
Deferred income taxes					7,876	5,252
Adjustment to tax receivable agreement liability					(1,650)	(707)
Other items, net					1,731	396
Change in operating assets and liabilities:
Trade receivables					6,217	(14,067)
Inventories					(21,601)	(21,592)
Prepaid expenses and other assets					(213)	(1,234)
Accounts payable					8,717	7,780
Income taxes payable					(2,122)	(350)
Accrued expenses					2,192	6,927
Other liabilities					(1,701)	835
Net cash provided by operating activities					74,181	46,411
Investing activities:
Purchases of property, plant and equipment					(30,143)	(10,728)
Payment for acquisition, net of cash acquired					0	(100,073)
Net cash used in investing activities					(30,143)	(110,801)
Financing activities:
Proceeds from revolving credit facility					103,800	55,000
Payments on revolving credit facility					(25,000)	(35,000)
Proceeds received from exercise of stock option					377	749
Cash paid for withholding taxes on vested restricted stock					(831)	(1,190)
Distributions to LLC Unit holders					(1,415)	(1,228)
Repurchase and retirement of common stock					(13,833)	0
Net cash provided by financing activities					63,098	18,331
Effect of exchange rate changes on cash					(366)	(75)
Changes in cash					106,770	(46,134)
Cash—Beginning of period		$ 27,392		$ 61,623	27,392	61,623	$ 61,623
Cash—End of period	$ 134,162		$ 15,489		134,162	15,489	$ 27,392
Supplemental cash flow information:
Cash paid for interest					2,964	4,302
Cash paid for income taxes					$ 10,323	$ 8,877

Organization, Basis of Presenta

Organization, Basis of Presentation, and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Basis of Presentation, and Summary of Significant Accounting Policies	Organization, Basis of Presentation, and Summary of Significant Accounting Policies Organization Malibu Boats, Inc. (together with its subsidiaries, the “Company” or "Malibu"), a Delaware corporation formed on November 1, 2013, is the sole managing member of Malibu Boats Holdings, LLC, a Delaware limited liability company (the "LLC"). The Company operates and controls all of the LLC's business and affairs and, therefore, pursuant to Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) Topic 810, Consolidation , consolidates the financial results of the LLC and its subsidiaries, and records a non-controlling interest for the economic interest in the Company held by the non-controlling holders of units in the LLC ("LLC Units"). Malibu Boats Holdings, LLC was formed in 2006 with Malibu's acquisition by an investor group, including affiliates of Black Canyon Capital LLC, Horizon Holdings, LLC and then-current management. The LLC, through its wholly owned subsidiary, Malibu Boats, LLC, is engaged in the design, engineering, manufacturing and marketing of innovative, high-quality, recreational powerboats that are sold through a world-wide network of independent dealers. On July 6, 2017, the Company acquired all outstanding units of Cobalt Boats, LLC (“Cobalt”) further expanding the Company's product offering across a broader segment of the recreational boating industry including performance sport boats, sterndrive and outboard boats. As a result of the acquisition, the Company consolidates the financial results of Cobalt. On October 15, 2018, the Company's subsidiary Malibu Boats, LLC, purchased the assets of Pursuit Boats ("Pursuit") from S2 Yachts, Inc., expanding the Company's product offering into the fiberglass outboard fishing boat market. COVID-19 Pandemic In March 2020, the World Health Organization characterized the coronavirus (“COVID-19”) a pandemic, and the President of the United States declared the COVID-19 outbreak a national emergency. The COVID-19 pandemic has significantly impacted health and economic conditions throughout the United States. The COVID-19 pandemic has impacted the Company’s operations and financial results. Due to the impact of the COVID-19 pandemic, the Company elected to suspend operations at all of its facilities on March 24, 2020, which impacted the last week of fiscal third quarter. The shut-down continued into the fourth quarter with operations resuming between late April and early May, depending on the facility. Due to the rapidly changing business environment, unprecedented market volatility and heightened degree of uncertainty resulting from COVID-19, the Company cannot reasonably estimate the length or severity of the pandemic or its impact on the Company’s liquidity, results of operations, and financial condition, which could have a material adverse effect. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim condensed financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and disclosures of results of operations, financial position and changes in cash flow in conformity with GAAP for complete financial statements. Such statements should be read in conjunction with the audited consolidated financial statements and notes thereto of Malibu Boats, Inc. and subsidiaries for the year ended June 30, 2019, included in the Company's Annual Report on Form 10-K. In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments considered necessary to present fairly the Company’s financial position at March 31, 2020, and the results of its operations for the three and nine month periods ended March 31, 2020 and March 31, 2019, and its cash flows for the nine month periods ended March 31, 2020 and March 31, 2019. Operating results for the three and nine months ended March 31, 2020, are not necessarily indicative of the results that may be expected for the full year ending June 30, 2020. Certain reclassifications have been made to the prior period presentation to conform to the current period presentation. Units and shares are presented as whole numbers while all dollar amounts are presented in thousands, unless otherwise noted. Segment Information Effective July 1, 2019, the Company revised its segment reporting to conform to changes in its internal management reporting based on the Company’s boat manufacturing operations. Segment information has been revised for comparison purposes for all periods presented in the condensed consolidated financial statements. The Company previously had four reportable segments, Malibu U.S., Malibu Australia, Cobalt and Pursuit. The Company now aggregates Malibu U.S. and Malibu Australia into one reportable segment as they have similar economic characteristics and qualitative factors. As a result the Company now has three reportable segments, Malibu, Cobalt and Pursuit. See Note 18 for revised segment information for the current and prior periods. Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the operations and accounts of the Company and all subsidiaries thereof. All intercompany balances and transactions have been eliminated upon consolidation. Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) . The amendments in this update create ASC Topic 842, Leases , and supersede the requirements in ASC Topic 840, Leases . ASC Topic 842 requires lessees to recognize on the balance sheet a right-of-use asset, representing its right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing, and uncertainty of cash flows arising from leases. The standard requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities may elect to apply. In June 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvement , which provides entities with an additional (optional) transition method to adopt the new lease standard. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. On July 1, 2019, the Company adopted the new leasing standard and all the related amendments. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed the Company to carry forward the historical lease classification. The Company made an accounting policy election to not record leases with an initial term of 12 months or less on the balance sheet. The Company also elected the practical expedient to not separate non-lease components from the lease components to which they relate, and instead account for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. Accordingly, all payments associated with a lease contract are accounted for as lease cost. The adoption of ASC Topic 842 did not have a material impact on the Company’s consolidated results of operations, equity or cash flows as of the adoption date. Under the optional transition approach, comparative information was not restated, but will continue to be reported under the standards in effect for those periods. See Note 11 for further information regarding the Company’s leases. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , and in November 2018 issued a subsequent amendment, ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses . ASU 2016-13 significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU 2016-13 will replace today’s “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. ASU 2018-19 will affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope of this amendment that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years and interim periods beginning after December 15, 2019, and is effective for the Company’s fiscal year beginning July 1, 2020. The adoption of the ASU is not expected to have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows. There are no other new accounting pronouncements that are expected to have a significant impact on the Company's consolidated financial statements and related disclosures.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following table disaggregates the Company's revenue by major product type and geography: Three Months Ended March 31, 2020 Nine Months Ended March 31, 2020 Malibu Cobalt Pursuit Consolidated Malibu Cobalt Pursuit Consolidated Revenue by product: Boat and trailer sales $ 100,037 $ 45,580 $ 33,472 $ 179,089 $ 276,470 $ 143,459 $ 102,993 $ 522,922 Part and other sales 2,567 448 206 3,221 9,341 1,714 525 11,580 Total revenue $ 102,604 $ 46,028 $ 33,678 $ 182,310 $ 285,811 $ 145,173 $ 103,518 $ 534,502 Revenue by geography: North America $ 94,250 $ 43,601 $ 32,720 $ 170,571 $ 262,810 $ 139,181 $ 98,085 $ 500,076 International 8,354 2,427 958 11,739 23,001 5,992 5,433 34,426 Total revenue $ 102,604 $ 46,028 $ 33,678 $ 182,310 $ 285,811 $ 145,173 $ 103,518 $ 534,502 Three Months Ended March 31, 2019 Nine Months Ended March 31, 2019 Malibu Cobalt Pursuit Consolidated Malibu Cobalt Pursuit Consolidated Revenue by product: Boat and trailer sales $ 104,381 $ 55,619 $ 36,276 $ 196,276 $ 264,170 $ 148,418 $ 66,128 $ 478,716 Part and other sales 3,038 422 182 3,642 8,492 1,729 257 10,478 Total revenue $ 107,419 $ 56,041 $ 36,458 $ 199,918 $ 272,662 $ 150,147 $ 66,385 $ 489,194 Revenue by geography: North America $ 96,394 $ 53,820 $ 34,711 $ 184,925 $ 246,534 $ 141,965 $ 61,544 $ 450,043 International 11,025 2,221 1,747 14,993 26,128 8,182 4,841 39,151 Total revenue $ 107,419 $ 56,041 $ 36,458 $ 199,918 $ 272,662 $ 150,147 $ 66,385 $ 489,194 Boat and Trailer Sales Consists of sales of boats and trailers to the Company's dealer network, net of sales returns, discounts, rebates and free flooring incentives. Boat and trailer sales also includes optional boat features. Sales returns consist of boats returned by dealers under our warranty program. Rebates, free flooring and discounts are incentives that the Company provides to its dealers based on sales of eligible products. Part and Other Sales Consists primarily of parts and accessories sales, royalty income and clothing sales. Parts and accessories sales include replacement and aftermarket boat parts and accessories sold to the Company's dealer network. Royalty income is earned from license agreements with various boat manufacturers, including Nautique, Chaparral, Mastercraft, and Tige related to the use of the Company's intellectual property.

Non-controlling Interest

Non-controlling Interest	9 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Non-controlling Interest	Non-controlling InterestThe non-controlling interest on the unaudited interim condensed consolidated statement of operations and comprehensive income represents the portion of earnings attributable to the economic interest in the Company's subsidiary, Malibu Boats Holdings, LLC, held by the non-controlling LLC Unit holders. Non-controlling interest on the unaudited interim condensed consolidated balance sheets represents the portion of net assets of the Company attributable to the non-controlling LLC Unit holders, based on the portion of the LLC Units owned by such Unit holders. The ownership of Malibu Boats Holdings, LLC is summarized as follows: As of March 31, 2020 As of June 30, 2019 Units Ownership % Units Ownership % Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC 789,152 3.7 % 830,152 3.8 % Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC 20,537,469 96.3 % 20,852,640 96.2 % 21,326,621 100.0 % 21,682,792 100.0 % Issuance of Additional LLC Units Under the first amended and restated limited liability agreement of the LLC, as amended (the "LLC Agreement"), the Company is required to cause the LLC to issue additional LLC Units to the Company when the Company issues additional shares of Class A Common Stock. Other than in connection with the issuance of Class A Common Stock in connection with an equity incentive program, the Company must contribute to the LLC net proceeds and property, if any, received by the Company with respect to the issuance of such additional shares of Class A Common Stock. The Company must cause the LLC to issue a number of LLC Units equal to the number of shares of Class A Common Stock issued such that, at all times, the number of LLC Units held by the Company equals the number of outstanding shares of Class A Common Stock. During the nine months ended March 31, 2020, the Company caused the LLC to issue a total of 184,241 LLC Units to the Company in connection with (i) the Company's issuance of Class A Common Stock to a non-employee director for her services, (ii) the issuance of Class A Common Stock for the vesting of awards granted under the Malibu Boats, Inc. Long-Term Incentive Plan (the "Incentive Plan"), (iii) the issuance of restricted Class A Common Stock granted under the Incentive Plan, (iv) the issuance of Class A Common Stock to LLC Unit holders in exchange of their LLC Units and (v) the issuance of Class A Common Stock for the exercise of options granted under the Incentive Plan. During the nine months ended March 31, 2020, 15,733 LLC Units were canceled in connection with the vesting of share-based equity awards to satisfy employee tax withholding requirements and the retirement of 15,733 treasury shares in accordance with the LLC Agreement. During the nine months ended March 31, 2020, 483,679 LLC Units were redeemed and canceled by the LLC in connection with the purchase and retirement of 483,679 treasury shares under the Company's stock repurchase program. Distributions and Other Payments to Non-controlling Unit Holders Distributions for Taxes As a limited liability company (treated as a partnership for income tax purposes), Malibu Boats Holdings, LLC does not incur significant federal, state or local income taxes, as these taxes are primarily the obligations of its members. As authorized by the LLC Agreement, the LLC is required to distribute cash, to the extent that the LLC has cash available, on a pro rata basis, to its members to the extent necessary to cover the members’ tax liabilities, if any, with respect to their share of LLC earnings. The LLC makes such tax distributions to its members based on an estimated tax rate and projections of taxable income. If the actual taxable income of the LLC multiplied by the estimated tax rate exceeds the tax distributions made in a calendar year, the LLC may make true-up distributions to its members, if cash or borrowings are available for such purposes. As of March 31, 2020 and June 30, 2019, tax distributions payable to non-controlling LLC Unit holders were $421 and $568, respectively. During the nine months ended March 31, 2020 and 2019, tax distributions paid to the non-controlling LLC Unit holders were $1,415 and $1,228, respectively. Other Distributions Pursuant to the LLC Agreement, the Company has the right to determine when distributions will be made to LLC members and the amount of any such distributions. If the Company authorizes a distribution, such distribution will be made to the members of the LLC (including the Company) pro rata in accordance with the percentages of their respective LLC units.

Acquisitions

Acquisitions	9 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions Pursuit On October 15, 2018, the Company completed its acquisition of the assets of Pursuit. The aggregate purchase price for the transaction was $100,073, funded with cash and borrowings under the Company's credit agreement. The aggregate purchase price was subject to certain adjustments, including customary adjustments for the amount of working capital in the business at the closing date. The Company accounted for the transaction in accordance with ASC Topic 805, Business Combinations . The total consideration given to the former owners of Pursuit has been allocated to the assets acquired and liabilities assumed based on estimates of fair value as of the date of the acquisition. The measurements of fair value were determined based upon estimates utilizing the assistance of third party valuation specialists. The following table summarizes the purchase price allocation based on the estimated fair values of the assets acquired and liabilities of Pursuit assumed at the acquisition date: Consideration: Cash consideration paid $ 100,073 Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value: Inventories $ 8,332 Other current assets 350 Property, plant and equipment 17,454 Identifiable intangible assets 57,900 Current liabilities (3,488) Fair value of assets acquired and liabilities assumed 80,548 Goodwill 19,525 Total purchase price $ 100,073 The fair value estimates for the Company's identifiable intangible assets acquired as part of the acquisition are as follows: Estimates of Fair Value Estimated Useful Life (in years) Definite-lived intangibles: Dealer relationships $ 25,400 20 Total definite-lived intangibles 25,400 Indefinite-lived intangible: Trade name 32,500 Total intangible assets $ 57,900 The value allocated to inventories reflects the estimated fair value of the acquired inventory based on the expected sales price of the inventory, less an estimated cost to complete and a reasonable profit margin. The fair value of the identifiable intangible assets were determined based on the following approaches: Dealer Relationships - The value associated with Pursuit's dealer relationships is attributed to its long standing dealer distribution network. The estimate of fair value assigned to this asset was determined using the income approach, which requires an estimate or forecast of the expected future cash flows from the dealer relationships through the application of the multi-period excess earnings approach. The estimated remaining useful life of dealer relationships is approximately twenty years. Trade Name - The value attributed to Pursuit's trade name was determined using a variation of the income approach called the relief from royalty method, which requires an estimate or forecast of the expected future cash flows. The trade name has an indefinite life. The fair value of the definite-lived intangible assets are being amortized using the straight-line method to general and administrative expenses over their estimated useful lives. Indefinite-lived intangible assets are not amortized, but instead are evaluated for potential impairment on an annual basis in accordance with the provisions of ASC Topic 350, Intangibles—Goodwill and Other . The weighted average useful life of identifiable definite-lived intangible assets acquired was 20 years. Goodwill of $19,525 arising from the acquisition consists of expected synergies and cost savings as well as intangible assets that do not qualify for separate recognition. The indefinite-lived intangible asset and goodwill acquired are expected to be deductible for income tax purposes. Acquisition-related costs of $2,846, which were incurred by the Company in the first nine months of fiscal year 2019 related to the Pursuit acquisition, were expensed in the period incurred, and are included in general and administrative expenses in the consolidated statement of operations and comprehensive income for the nine months ended March 31, 2019. Pro Forma Financial Information (unaudited): The following unaudited pro forma consolidated results of operations for the three and nine months ended March 31, 2020 and 2019, assumes that the acquisition of Pursuit occurred as of July 1, 2018. The unaudited interim pro forma financial information combines historical results of Malibu and Pursuit, with adjustments for depreciation and amortization attributable to preliminary fair value estimates on acquired tangible and intangible assets for the respective periods. Non-recurring pro forma adjustments associated with the fair value step up of inventory were included in the reported pro forma cost of sales and earnings. The unaudited interim pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal year 2019 or the results that may occur in the future: Three Months Ended March 31, Nine Months Ended March 31, 2020 2019 2020 2019 Net sales $ 182,310 $ 199,918 $ 534,502 $ 530,836 Net income 23,866 22,203 58,146 53,223 Net income attributable to Malibu Boats, Inc. 22,778 21,099 55,359 50,430 Basic earnings per share $ 1.11 $ 1.01 $ 2.68 $ 2.42 Diluted earnings per share $ 1.09 $ 1.01 $ 2.66 $ 2.41

Inventories

Inventories	9 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, net consisted of the following: As of March 31, 2020 As of June 30, 2019 Raw materials $ 62,644 $ 45,910 Work in progress 14,837 10,839 Finished goods 11,384 11,019 Total inventories $ 88,865 $ 67,768

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment, net consisted of the following: As of March 31, 2020 As of June 30, 2019 Land $ 2,194 $ 2,194 Building and leasehold improvements 34,971 28,957 Machinery and equipment 52,986 46,618 Furniture and fixtures 7,278 6,734 Construction in process 28,312 9,764 125,741 94,267 Less: Accumulated depreciation (37,421) (28,511) Property, plant and equipment, net $ 88,320 $ 65,756 Depreciation expense was $2,938 and $2,744 for the three months ended March 31, 2020 and 2019, respectively, and $9,040 and $7,102 for the nine months ended March 31, 2020 and 2019, respectively, substantially all of which was recorded in cost of sales. During the first quarter of fiscal 2019, the Company disposed of various molds for models not currently in production with zero net book value and historical costs of $3,285.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible AssetsChanges in the carrying amount of goodwill for the nine months ended March 31, 2020 were as follows: Goodwill as of June 30, 2019 $ 51,404 Effect of foreign currency changes on goodwill (799) Goodwill as of March 31, 2020 $ 50,605 The components of other intangible assets were as follows: As of March 31, 2020 As of June 30, 2019 Estimated Useful Life (in years) Weighted Average Remaining Useful Life Definite-lived intangibles: Reacquired franchise rights $ 1,105 $ 1,264 5 0.0 Dealer relationships 111,057 111,339 8 - 20 17.5 Patent 3,986 3,986 12-15 12.3 Trade name 24,667 24,667 15 1.6 Non-compete agreement 43 49 10 4.6 Backlog 77 88 0.3 0.0 Total 140,935 141,393 Less: Accumulated amortization (63,186) (58,832) Total definite-lived intangible assets, net 77,749 82,561 Indefinite-lived intangible: Trade name 63,500 63,500 Total other intangible assets, net $ 141,249 $ 146,061 Amortization expense recognized on all amortizable intangibles was $1,501 and $1,563 for the three months ended March 31, 2020 and 2019, respectively, and $4,622 and $4,381 for the nine months ended March 31, 2020 and 2019, respectively. The estimated future amortization of definite-lived intangible assets is as follows: Fiscal years ending June 30: Amount Remainder of 2020 $ 1,507 2021 6,038 2022 4,537 2023 4,400 2024 4,400 2025 and thereafter 56,867 $ 77,749

Accrued Expenses

Accrued Expenses	9 Months Ended
	Mar. 31, 2020
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following: As of March 31, 2020 As of June 30, 2019 Warranties $ 27,398 $ 23,820 Dealer incentives 9,679 7,394 Accrued compensation 8,684 13,122 Current operating lease liabilities 1,998 — Accrued legal and professional fees 912 740 Accrued interest 152 161 Other accrued expenses 4,178 3,860 Total accrued expenses $ 53,001 $ 49,097

Product Warranties

Product Warranties	9 Months Ended
	Mar. 31, 2020
Product Warranties Disclosures [Abstract]
Product Warranties	Product Warranties Malibu and Axis brands have a limited warranty for a period up to five years for both Malibu and Axis brand boats. Prior to fiscal year 2016, the Company provided a limited warranty for a period of up to three years for its Malibu brand boats and two years for its Axis boats. For its Cobalt brand boats, the Company provides a structural warranty of up to ten years which covers the hull, deck joints, bulkheads, floor, transom, stringers, and motor mount. In addition, the Company provides a five The Company’s standard warranties require the Company or its dealers to repair or replace defective products during such warranty period at no cost to the consumer. The Company estimates the costs that may be incurred under its limited warranty and records a liability for such costs at the time the product revenue is recognized. Factors that affect the Company’s warranty liability include the number of units sold, historical and anticipated rates of warranty claims and cost per claim. The Company assesses the adequacy of its recorded warranty liabilities by brand on a quarterly basis and adjusts the amounts as necessary. The Company utilizes historical claims trends and analytical tools to assist in determining the appropriate warranty liability. Changes in the Company’s product warranty liability, which is included in accrued expenses on the unaudited interim condensed consolidated balance sheets, were as follows: Three Months Ended March 31, Nine Months Ended March 31, 2020 2019 2020 2019 Beginning balance $ 26,710 $ 20,943 $ 23,820 $ 17,217 Add: Warranty expense 3,665 2,918 12,767 8,941 Additions for acquisitions — — — 1,872 Less: Warranty claims paid (2,977) (1,776) (9,189) (5,945) Ending balance $ 27,398 $ 22,085 $ 27,398 $ 22,085

Financing

Financing	9 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Financing	Financing Outstanding debt consisted of the following: As of March 31, 2020 As of June 30, 2019 Term loans $ 75,000 $ 75,000 Revolving credit loan 118,800 40,000 Less unamortized debt issuance costs (1,062) (1,367) Total debt 192,738 113,633 Less current maturities — — Long-term debt less current maturities $ 192,738 $ 113,633 Long-Term Debt The Company currently has a revolving credit facility with borrowing capacity of up to $120,000 and a $75,000 term loan outstanding. As of March 31, 2020, the Company had $118,800 outstanding under its revolving credit facility and $1,170 in outstanding letters of credit. On March 19, 2020 the Company elected to draw the remaining available funds of $98,800 from the revolving credit facility. The revolving credit facility matures on July 1, 2024 and the term loan matures on July 1, 2022. The revolving credit facility and term loan are governed by a credit agreement (the “Credit Agreement”) with Malibu Boats, LLC (“Boats LLC”) as the borrower and Truist Financial Corp. (previously known as SunTrust Bank), as the administrative agent, swingline lender and issuing bank. The obligations of Boats LLC under the Credit Agreement are guaranteed by the LLC, and, subject to certain exceptions, the present and future domestic subsidiaries of Boats LLC, and all such obligations are secured by substantially all of the assets of the LLC, Boats LLC and such subsidiary guarantors. Malibu Boats, Inc. is not a party to the Credit Agreement. Borrowings under the Credit Agreement bear interest at a rate equal to either, at the Company's option, (i) the highest of the prime rate, the Federal Funds Rate plus 0.5%, or one-month LIBOR plus 1% (the “Base Rate”) or (ii) LIBOR, in each case plus an applicable margin ranging from 1.25% to 2.25% with respect to LIBOR borrowings and 0.25% to 1.25% with respect to Base Rate borrowings. The applicable margin will be based upon the consolidated leverage ratio of the LLC and its subsidiaries calculated on a consolidated basis. As of March 31, 2020, the interest rate on the Company’s term loan and revolving credit facility was 2.24%. The Company is required to pay a commitment fee for any unused portion of the revolving credit facility which will range from 0.20% to 0.40% per annum, depending on the LLC’s and its subsidiaries’ consolidated leverage ratio. The Credit Agreement permits prepayment of the term loan without any penalties. On August 17, 2017 the Company made a voluntary principal payment on the term loan in the amount of $50,000 with a portion of the net proceeds from its equity offering completed on August 14, 2017. The Company exercised its option to apply the prepayment in forward order to principal installments on its term loan through December 31, 2021 and a portion of the principal installments due on March 31, 2022. As a result, the term loan is subject to a quarterly installment of approximately $3,000 on March 31, 2022 and the balance of the term loan is due on the scheduled maturity date of July 1, 2022. The Credit Agreement is also subject to prepayments from the net cash proceeds received by Boats LLC or any guarantors from certain asset sales and recovery events, subject to certain reinvestment rights, and from excess cash flow, subject to the terms and conditions of the Credit Agreement. As of March 31, 2020, the outstanding principal amount of the Company’s term loan and revolving credit facility was $193,800. The Credit Agreement contains certain customary representations and warranties, and notice requirements for the occurrence of specific events such as the occurrence of any event of default, or pending or threatened litigation. The Credit Agreement also requires compliance with certain customary financial covenants, including a minimum ratio of EBITDA to fixed charges and a maximum ratio of total debt to EBITDA. The Credit Agreement contains certain restrictive covenants, which, among other things, place limits on certain activities of the loan parties under the Credit Agreement, such as the incurrence of additional indebtedness and additional liens on property and limit the future payment of dividends or distributions. For example, the Credit Agreement generally prohibits the LLC, Boats LLC and the subsidiary guarantors from paying dividends or making distributions, including to the Company. The credit facility permits, however, (i) distributions based on a member’s allocated taxable income, (ii) distributions to fund payments that are required under the LLC’s tax receivable agreement, (iii) purchase of stock or stock options of the LLC from former officers, directors or employees of loan parties or payments pursuant to stock option and other benefit plans up to $2,000 in any fiscal year, and (iv) share repurchase payments up to $35,000 in any fiscal year subject to one-year carry forward and compliance with other financial covenants. In addition, the LLC may make dividends and distributions of up to $10,000 in any fiscal year, subject to compliance with other financial covenants. In connection with entering into the Credit Agreement, the Company capitalized $2,074 in deferred financing costs during fiscal 2017. These costs, in addition to the unamortized balance related to costs associated with the Company's previous credit facility of $671, are being amortized over the term of the Credit Agreement into interest expense using the effective interest method and presented as a direct offset to the total debt outstanding on the consolidated balance sheet. As described above, the Company used proceeds from an offering on August 24, 2017 to repay $50,000 on its term loan under the Credit Agreement and exercised its option to apply the prepayment to principal installments through December 31, 2021, and a portion of principal installments due on March 31, 2022. Accordingly, no principal payments are required under the Credit Agreement until March 31, 2022, and as such, all borrowings as of March 31, 2020 and June 30, 2019, are reflected as noncurrent. The $50,000 repayment resulted in a write off of deferred financing costs of $829 in fiscal year 2018, which was included in amortization expense on the consolidated statement of operations and comprehensive income. On May 8, 2019, the Company entered into the Second Incremental Facility Amendment and Second Amendment (the “Amendment”) to the Credit Agreement dated as of June 28, 2017. The Amendment converted $35,000 of the outstanding principal amount under the term loan to outstanding borrowings under the revolving credit facility, increased the borrowing capacity of the revolving credit facility by $35,000 and extended the maturity date of the revolving credit facility by two years to July 1, 2024. In connection with the Amendment, the Company wrote off $137 of deferred financing costs and capitalized an additional $370 of deferred financing cost related to insubstantial modification leaving an unamortized balance of $1,367 in deferred financing costs. These are being amortized into interest expense using the effective interest method and presented as a direct offset to the total debt outstanding on the consolidated balance sheet. Covenant Compliance As of March 31, 2020, the Company was in compliance with the covenants contained in the Credit Agreement. Interest Rate Swap On July 1, 2015, the Company entered into a five Derivatives and Hedging, all derivative instruments are recorded on the unaudited interim condensed consolidated balance sheets at fair value as either short term or long term assets or liabilities based on their anticipated settlement date. Refer to Fair Value Measurements in Note 13. The Company has elected not to designate its interest rate swap as a hedge for accounting purposes; therefore, changes in the fair value of the derivative instrument are being recognized in earnings in the Company's unaudited interim condensed consolidated statements of operations and comprehensive income. The swap matured on March 31, 2020. For the three months ended March 31, 2020 and 2019 the Company recorded a loss of $10 and $93, respectively, and for the nine months ended March 31, 2020 and 2019 the Company recorded a loss of $68 and $225, respectively, for the change in fair value of the interest rate swap, which is included in interest expense in the unaudited interim condensed consolidated statements of operations and comprehensive income.

Leases

Leases	9 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases The Company leases certain manufacturing facilities, warehouses, office space, land, and equipment. The Company determines if a contract is a lease or contains an embedded lease at the inception of the agreement. The Company recorded right-of-use assets, included in other assets on the balance sheet, totaling $16,142 as of July 1, 2019. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company does not separate non-lease components from the lease components to which they relate, and instead accounts for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. The Company's lease liabilities do not include future lease payments related to options to extend or terminate lease agreements as it is not reasonably certain those options will be exercised. Lease expense recorded in the three month and nine month period ended March 31, 2020 under ASC Topic 842 was not materially different from lease expense that would have been recorded under the previous lease accounting standard. Other information concerning the Company's operating leases accounted for under ASC Topic 842 is as follows (in thousands): Classification As of March 31, 2020 Assets Right-of-use assets Other assets $ 14,675 Liabilities Current operating lease liabilities Accrued expenses $ 1,998 Long-term operating lease liabilities Other liabilities 14,397 Total lease liabilities $ 16,395 Classification Three Months Ended March 31, 2020 Nine Months Ended March 31, 2020 Operating lease costs (1) Cost of sales $ 491 $ 1,441 Selling, general and administrative 211 654 Sublease income Other income (expense) 10 29 Cash paid for amounts included in the measurement of operating lease liabilities Cash flows from operating activities 653 1,955 (1) Includes short-term leases, which are insignificant, and are not included in the lease liability. The lease liability for operating leases that contain variable escalating rental payments with scheduled increases that are based on the lesser of a stated percentage increase or the cumulative increase in an index, are determined using the stated percentage increase. The weighted average remaining lease term is 7.52 years. The weighted average discount rate determined based on the Company's incremental borrowing rate is 3.65%, as of March 31, 2020. Future annual minimum lease payments for the following fiscal years as of March 31, 2020 are as follows: Amount Remainder of 2020 $ 646 2021 2,517 2022 2,360 2023 2,410 2024 2,536 2025 and thereafter 8,316 Total 18,785 Less imputed interest (2,390) Present value of lease liabilities $ 16,395 The following represents the Company's future minimum rental payments at June 30, 2019 for agreements classified as operating leases under ASC Topic 840: Amount 2020 $ 2,552 2021 2,541 2022 2,432 2023 2,489 2024 2,649 2025 and thereafter 8,577 Total $ 21,240

Tax Receivable Agreement Liabil

Tax Receivable Agreement Liability	9 Months Ended
	Mar. 31, 2020
Tax Receivable Agreement [Abstract]
Tax Receivable Agreement Liability	Tax Receivable Agreement Liability The Company has a tax receivable agreement with the pre-IPO owners of the LLC that provides for payment by the Company to the pre-IPO owners (or their permitted assignees) of 85% of the amount of the benefits, if any, that the Company is deemed to realize as a result of (i) increases in tax basis and (ii) certain other tax benefits related to the Company entering into the tax receivable agreement, including those attributable to payments under the tax receivable agreement. These contractual payment obligations are obligations of the Company and not of the LLC. The Company's tax receivable agreement liability was determined on an undiscounted basis in accordance with ASC Topic 450, Contingencies , since the contractual payment obligations were deemed to be probable and reasonably estimable. The tax receivable agreement further provides that, upon certain mergers, asset sales or other forms of business combinations or other changes of control, the Company (or its successor) would owe to the pre-IPO owners of the LLC a lump-sum payment equal to the present value of all forecasted future payments that would have otherwise been made under the tax receivable agreement that would be based on certain assumptions, including a deemed exchange of LLC Units and that the Company would have sufficient taxable income to fully utilize the deductions arising from the increased tax basis and other tax benefits related to entering into the tax receivable agreement. The Company also is entitled to terminate the tax receivable agreement, which, if terminated, would obligate the Company to make early termination payments to the pre-IPO owners of the LLC. In addition, a pre-IPO owner may elect to unilaterally terminate the tax receivable agreement with respect to such pre-IPO owner, which would obligate the Company to pay to such existing owner certain payments for tax benefits received through the taxable year of the election. For purposes of the tax receivable agreement, the benefit deemed realized by the Company will be computed by comparing the actual income tax liability of the Company (calculated with certain assumptions) to the amount of such taxes that the Company would have been required to pay had there been no increase to the tax basis of the assets of the LLC as a result of the purchases or exchanges, and had the Company not entered into the tax receivable agreement. The following table reflects the changes to the Company's tax receivable agreement liability: As of March 31, 2020 As of June 30, 2019 Payable pursuant to tax receivable agreement $ 53,754 $ 55,046 Additions (reductions) to tax receivable agreement: Exchange of LLC Units for Class A Common Stock 440 2,676 Adjustment for change in estimated tax rate (1,650) (103) Payments under tax receivable agreement — (3,865) 52,544 53,754 Less current portion under tax receivable agreement (3,477) (3,592) Payable pursuant to tax receivable agreement, less current portion $ 49,067 $ 50,162 When estimating the expected tax rate to use in order to determine the tax benefit expected to be recognized from the Company’s increased tax basis as a result of exchanges of LLC Units by the pre-IPO owners of the LLC, the Company continuously monitors changes in its overall tax posture, including changes resulting from new legislation and changes as a result of new jurisdictions in which the Company is subject to tax. As of March 31, 2020 and June 30, 2019, the Company had deferred tax assets of $110,726 and $110,545, respectively, associated with basis differences in assets upon acquiring an interest in Malibu Boats Holdings, LLC and pursuant to making an election under Section 754 of the Internal Revenue Code of 1986 (the "Internal Revenue Code"), as amended. The aggregate tax receivable agreement liability represents 85% of the tax benefits that the Company expects to receive in connection with the Section 754 election. In accordance with the tax receivable agreement, the next annual payment is anticipated approximately 75 days after filing the federal tax return which was filed on March 13, 2020.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements In determining the fair value of certain assets and liabilities, the Company employs a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. As defined in ASC Topic 820, Fair Value Measurements and Disclosures , fair value is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). Financial assets and financial liabilities recorded on the unaudited interim condensed consolidated balance sheets at fair value are categorized based on the reliability of inputs to the valuation techniques as follows: • Level 1—Financial assets and financial liabilities whose values are based on unadjusted quoted prices in active markets for identical assets. • Level 2—Financial assets and financial liabilities whose values are based on quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in non-active markets; or valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability. • Level 3—Financial assets and financial liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect the Company’s estimates of the assumptions that market participants would use in valuing the financial assets and financial liabilities. The hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Assets and liabilities that had recurring fair value measurements were as follows: Fair Value Measurements at Reporting Date Using Total Quoted Prices Significant Significant As of March 31, 2020: Assets Interest rate swap not designated as cash flow hedge $ — $ — $ — $ — Total assets at fair value $ — $ — $ — $ — As of June 30, 2019: Assets Interest rate swap not designated as cash flow hedge $ 68 $ — $ 68 $ — Total assets at fair value $ 68 $ — $ 68 $ — Fair value measurements for the Company’s interest rate swap are classified under Level 2 because such measurements are based on significant other observable inputs. There were no transfers of assets or liabilities between Level 1 and Level 2 as of March 31, 2020 or June 30, 2019. The Company’s nonfinancial assets and liabilities that have nonrecurring fair value measurements include property, plant and equipment, goodwill and intangibles. In assessing the need for goodwill impairment, management relies on a number of factors, including operating results, business plans, economic projections, anticipated future cash flows, transactions and marketplace data. Accordingly, these fair value measurements fall in Level 3 of the fair value hierarchy. The Company generally uses projected cash flows, discounted as necessary, to estimate the fair values of property, plant and equipment and intangibles using key inputs such as management’s projections of cash flows on a held-and-used basis (if applicable), management’s projections of cash flows upon disposition and discount rates. Accordingly, these fair value measurements fall in Level 3 of the fair value hierarchy. These assets and certain liabilities are measured at fair value on a nonrecurring basis as part of the Company’s impairment assessments and as circumstances require.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Malibu Boats, Inc. is taxed as a C corporation for U.S. income tax purposes and is therefore subject to both federal and state taxation at a corporate level. The LLC continues to operate in the United States as a partnership for U.S. federal income tax purposes. Income taxes are computed in accordance with ASC Topic 740, Income Taxes , and reflect the net tax effects of temporary differences between the financial reporting carrying amounts of assets and liabilities and the corresponding income tax amounts. The Company has deferred tax assets and liabilities and maintains valuation allowances where it is more likely than not that all or a portion of deferred tax assets will not be realized. To the extent the Company determines that it will not realize the benefit of some or all of its deferred tax assets, such deferred tax assets will be adjusted through the Company’s provision for income taxes in the period in which this determination is made. As of March 31, 2020 and June 30, 2019, the Company maintained a total valuation allowance of $14,296 and $14,252, respectively, against deferred tax assets related to state net operating losses and future amortization deductions (with respect to the Section 754 election) that are reported in the Tennessee corporate tax return without offsetting income, which is taxable at the LLC. This also includes a valuation allowance in the amount of $580 related to foreign tax credit carryforward that is not expected to be utilized in the future. On December 22, 2017, the Tax Cuts and Jobs Act was enacted which, among a number of its provisions, lowered the U.S. corporate tax rate from 35% to 21%, effective January 1, 2018. The Company’s consolidated interim effective tax rate is based upon expected annual income from operations, statutory tax rates and tax laws in the various jurisdictions in which the Company operates. Significant or unusual items, including those related to the change in U.S. tax law noted above as well as other adjustments to accruals for tax uncertainties, are recognized in the quarter in which the related event occurs. For the three months ended March 31, 2020 and 2019, the Company's effective tax rate was 22.6% and 24.8%, respectively. For the nine months ended March 31, 2020 and 2019, the Company's effective tax rate was 22.5% and 23.4%, respectively. For the three and nine months ended March 31, 2020, the Company's effective tax rate exceeded the statutory federal income tax rate of 21% primarily due to the impact of U.S. state taxes. This increase was partially offset by the benefits of the foreign derived intangible income deduction, the research and development tax credit, a windfall benefit generated by certain stock-based compensation, and the impact of non-controlling interests in the LLC. For the three and nine months ended March 31, 2019, the Company's effective tax rate exceeded the statutory federal income tax rate of 21% due to the impact of U.S. state taxes and remeasurement of deferred taxes. This increase was partially offset by the benefits of the foreign derived intangible income deduction, the research and development tax credit and the impact of non-controlling interests in the LLC.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company adopted a long term incentive plan which became effective on January 1, 2014, and reserves for issuance up to 1,700,000 shares of Malibu Boats, Inc. Class A Common Stock for the Company’s employees, consultants, members of its board of directors and other independent contractors at the discretion of the compensation committee. Incentive stock awards authorized under the Incentive Plan include unrestricted shares of Class A Common Stock, stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalent awards and performance awards. As of March 31, 2020, 714,911 shares remain available for future issuance under the long term incentive plan. On November 22, 2019, under the Incentive Plan, the Company granted approximately 43,000 restricted service-based stock units and 28,000 restricted service based stock awards to key employees under the Incentive Plan. The grant date fair value of these awards was $2,714 based on a stock price of $38.05 per share on the date of grant. Under the terms of the agreements, approximately 60% of the awards will vest ratably over three years beginning on November 6, 2019 and approximately 40% of the awards will vest ratably over four years beginning on November 6, 2019. Stock-based compensation expense attributable to the service based units and awards is amortized on a straight-line basis over the requisite service period. On November 22, 2019, under the Incentive Plan, the Company granted to key employees a target amount of approximately 21,000 restricted stock awards with a performance condition. The number of shares that will ultimately be issued, if any, is based on the attainment of a specified amount of earnings during the fiscal year ending June 30, 2022. The maximum number of shares that can be issued if an elevated earnings target is met is approximately 32,000. The grant date fair value of the awards were estimated to be $810, based on a stock price of $38.05. Compensation costs associated with the performance awards are recognized over the requisite service period based on probability of achievement in accordance with ASC Topic 718 , Compensation—Stock Compensation. On November 22, 2019, under the Incentive Plan, the Company granted to key employees a target amount of approximately 21,000 stock awards with a market condition. The number of shares that will ultimately be issued, if any, is based on a total shareholder return ("TSR") computation that involves comparing the movement in the Company's stock price to movement in a market index from the grant date through November 22, 2022. The maximum number of shares that can be issued if an elevated TSR target is met is approximately 42,000. The grant date fair value of the awards were estimated to be $1,039, which is estimated using a Monte Carlo simulation. The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair market value for the stock award. Compensation costs are recognized over the requisite service period based on probability of achievement in accordance with ASC Topic 718 , Compensation—Stock Compensation. The following is a summary of the changes in the Company's stock options for the nine months ended March 31, 2020: Shares Weighted Average Exercise Price/Share Total outstanding options as of June 30, 2019 185,473 $ 32.51 Options granted — — Options exercised (12,125) 31.08 Outstanding options as of March 31, 2020 173,348 32.61 Exercisable as of March 31, 2020 48,869 $ 31.71 The following is a summary of the changes in non-vested restricted stock units and restricted stock awards for the nine months ended March 31, 2020: Number of Restricted Stock Units and Restricted Stock Awards Outstanding Weighted Average Grant Date Fair Value Total Non-vested Restricted Stock Units and Restricted Stock Awards as of June 30, 2019 226,240 $ 29.64 Granted 166,037 37.60 Vested (110,073) 26.85 Forfeited (4,062) 33.71 Total Non-vested Restricted Stock Units and Restricted Stock Awards as of March 31, 2020 278,142 $ 35.44

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Repurchase Commitments In connection with its dealers’ wholesale floor plan financing of boats, the Company has entered into repurchase agreements with various lending institutions. The reserve methodology used to record an estimated expense and loss reserve in each accounting period is based upon an analysis of likely repurchases based on current field inventory and likelihood of repurchase. Subsequent to the inception of the repurchase commitment, the Company evaluates the likelihood of repurchase and adjusts the estimated loss reserve accordingly. When a potential loss reserve is recorded it is presented in accrued liabilities in the accompanying unaudited interim condensed consolidated balance sheet. If the Company were obligated to repurchase a significant number of units under any repurchase agreement, its business, operating results and financial condition could be adversely affected. The total amount financed under the floor financing programs with repurchase obligations was $327,806 and $239,315 as of March 31, 2020 and June 30, 2019, respectively. Repurchases and subsequent sales are recorded as a revenue transaction. The net difference between the repurchase price and the resale price is recorded against the loss reserve and presented in cost of sales in the accompanying unaudited interim condensed consolidated statements of operations and comprehensive income. As of March 31, 2020 there have been no repurchases and the Company has not been notified about any probable repossessions. Therefore, the Company did not carry a reserve for repurchases as of March 31, 2020 consistent with June 30, 2019. The Company has collateralized receivables financing arrangements with a third-party floor plan financing provider for European dealers. Under terms of these arrangements, the Company transfers the right to collect a trade receivable to the financing provider in exchange for cash but agrees to repurchase the receivable if the dealer defaults. Since the transfer of the receivable to the financing provider does not meet the conditions for a sale under ASC Topic 860 , Transfers and Servicing , the Company continues to report the transferred trade receivable in other current assets with an offsetting balance recorded as a secured obligation in accrued expenses in the Company's unaudited condensed consolidated balance sheet. As of March 31, 2020 and June 30, 2019, the Company had financing receivables of $412 and $768, respectively, recorded in other current assets and accrued expenses related to these arrangements. Contingencies Certain conditions may exist which could result in a loss, but which will only be resolved when future events occur. The Company, in consultation with its legal counsel, assesses such contingent liabilities, and such assessments inherently involve an exercise of judgment. If the assessment of a contingency indicates that it is probable that a loss has been incurred, the Company accrues for such contingent loss when it can be reasonably estimated. If the assessment indicates that a potentially material loss contingency is not probable but reasonably estimable, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, is disclosed. If the assessment of a contingency deemed to be both probable and reasonably estimable involves a range of possible losses, the amount within the range that appears at the time to be a better estimate than any other amount within the range would be accrued. When no amount within the range is a better estimate than any other amount, the minimum amount in the range is accrued even though the minimum amount in the range is not necessarily the amount of loss that will be ultimately determined. Estimates of potential legal fees and other directly related costs associated with contingencies are not accrued but rather are expensed as incurred. Except as disclosed below under "Legal Proceedings," management does not believe there are any pending claims (asserted or unasserted) at March 31, 2020 that may have a material adverse impact on the Company’s financial condition, results of operations or cash flows. Legal Proceedings On January 12, 2018, the Company filed suit against Skier’s Choice, Inc., or "Skier’s Choice," in the U.S. District Court for the Eastern District of Tennessee, seeking monetary and injunctive relief. The Company's complaint alleges Skier’s Choice’s infringement of three utility patents - U.S. Patent Nos. 9,260,161, 8,578,873, and 9,199,695 - related to wake surfing technology. Skier’s Choice denied liability arising from the causes of action alleged in the Company's complaint and filed counterclaims alleging invalidity of the asserted patents. On June 19, 2019, the Company filed a second action against Skier’s Choice in the U.S. District Court for the Eastern District of Tennessee, seeking monetary and injunctive relief. The Company’s complaint alleges Skier’s Choice’s surf systems on its Moomba and Supra lines of boats infringe U.S. Patent No. 10,322,777, a patent related to wake surfing technology. Skier’s Choice denied liability arising from the causes of action alleged in the Company's complaint and filed counterclaims alleging invalidity of the asserted patents. On June 27, 2019, Skier’s Choice filed a motion to consolidate these two actions, and to continue deadlines in the earlier case for nine months, which the Company opposed. On August 22, 2019, the motion for consolidation was referred by Judge Thomas Varlan to Magistrate Judge Bruce Guyton, and the two cases were stayed pending resolution of that motion. On November 27, 2019, Judge Guyton ordered the two cases to be consolidated. On January 7, 2020, the consolidated cases were reassigned to Judge Jon McCalla. On January 23, 2020, Judge McCalla issued a Scheduling Order, scheduling trial on the consolidated cases to begin on September 29, 2020. The Company intends to vigorously pursue this litigation to enforce its rights in its patented technology and believes that Skier’s Choice’s counterclaims are without merit.

Net Earnings Per Share

Net Earnings Per Share	9 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Net Earnings Per Share	Net Earnings Per Share Basic net income per share of Class A Common Stock is computed by dividing net income attributable to the Company's earnings by the weighted average number of shares of Class A Common Stock outstanding during the period. The weighted average number of shares of Class A Common Stock outstanding used in computing basic net income per share includes fully vested restricted stock units awarded to directors that are entitled to participate in distributions to common shareholders through receipt of additional units of equivalent value to the dividends paid to Class A Common Stock holders. Diluted net income per share of Class A Common Stock is computed similarly to basic net income per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents using the treasury method, if dilutive. The Company’s LLC Units and non-qualified stock options are considered common stock equivalents for this purpose. The number of additional shares of Class A Common Stock related to these common stock equivalents and stock options are calculated using the treasury stock method. Stock awards with a performance condition that are based on the attainment of a specified amount of earnings are only included in the computation of diluted earnings per share to the extent that the performance condition would be achieved based on the current amount of earnings, and only if the effect would be dilutive. Stock awards with a market condition that are based on the performance of the Company's stock price in relation to a market index over a specified time period are only included in the computation of diluted earnings per share to the extent that the shares would be issued based on the current market price of the Company's stock in relation to the market index, and only if the effect would be dilutive. Basic and diluted net income per share of Class A Common Stock has been computed as follows (in thousands, except share and per share amounts): Three Months Ended March 31, Nine Months Ended March 31, 2020 2019 2020 2019 Basic: Net income attributable to Malibu Boats, Inc. $ 22,778 $ 21,099 $ 55,359 $ 46,654 Shares used in computing basic net income per share: Weighted-average Class A Common Stock 20,417,829 20,710,202 20,479,874 20,621,522 Weighted-average participating restricted stock units convertible into Class A Common Stock 212,912 191,345 204,160 184,390 Basic weighted-average shares outstanding 20,630,741 20,901,547 20,684,034 20,805,912 Basic net income per share $ 1.11 $ 1.01 $ 2.68 $ 2.24 Diluted: Net income attributable to Malibu Boats, Inc. $ 22,778 $ 21,099 $ 55,359 $ 46,654 Shares used in computing diluted net income per share: Basic weighted-average shares outstanding 20,630,741 20,901,547 20,684,034 20,805,912 Restricted stock units granted to employees 105,096 101,271 109,225 126,239 Stock options granted to employees 13,535 5,115 8,963 11,397 Market performance awards granted to employees 25,736 — 25,736 — Diluted weighted-average shares outstanding 1 20,775,108 21,007,933 20,827,958 20,943,548 Diluted net income per share $ 1.09 $ 1.01 $ 2.66 $ 2.23 1 The Company excluded (i) 889,500 and 946,875 potentially dilutive shares from the calculation of diluted net income per share for the three months ended March 31, 2020 and 2019, respectively, and (ii) 890,750 and 930,125 potentially dilutive shares from the calculation of diluted net income per share for the nine months ended March 31, 2020 and 2019, respectively, as these units would have been antidilutive. The shares of Class B Common Stock do not share in the earnings or losses of Malibu Boats, Inc. and are therefore not included in the calculation. Accordingly, basic and diluted net earnings per share of Class B Common Stock has not been presented.

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information Effective July 1, 2019, the Company revised its segment reporting to conform to changes in its internal management reporting based on the Company’s boat manufacturing operations. Segment information has been revised for comparison purposes for all periods presented in the condensed consolidated financial statements. The Company previously had four reportable segments, Malibu U.S., Malibu Australia, Cobalt and Pursuit. The Company now aggregates Malibu U.S. and Malibu Australia into one reportable segment as they have similar economic characteristics and qualitative factors. As a result the Company now has three reportable segments, Malibu, Cobalt and Pursuit. The Malibu segment participates in the manufacturing, distribution, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Cobalt and Pursuit segments participate in the manufacturing, distribution, marketing and sale of Cobalt and Pursuit boats, respectively, throughout the world. The following tables present financial information for the Company’s reportable segments for the three and nine months ended March 31, 2020 and 2019, respectively, and the Company’s financial position at March 31, 2020 and June 30, 2019, respectively: Three Months Ended March 31, 2020 Nine Months Ended March 31, 2020 Malibu Cobalt Pursuit Total Malibu Cobalt Pursuit Total Net sales $ 102,604 $ 46,028 $ 33,678 $ 182,310 $ 285,811 $ 145,173 $ 103,518 $ 534,502 Income before provision for income taxes $ 21,669 $ 6,178 $ 3,006 $ 30,853 $ 48,331 $ 16,937 $ 9,750 $ 75,018 Three months ended March 31, 2019 Nine Months Ended March 31, 2019 Malibu Cobalt Pursuit Total Malibu Cobalt Pursuit Total Net sales $ 107,419 $ 56,041 $ 36,458 $ 199,918 $ 272,662 $ 150,147 $ 66,385 $ 489,194 Income before provision for income taxes $ 19,754 $ 7,202 $ 2,568 $ 29,524 $ 39,684 $ 19,466 $ 5,089 $ 64,239 As of March 31, 2020 As of June 30, 2019 Assets Malibu $ 311,541 $ 185,154 Cobalt 157,988 151,481 Pursuit 129,135 114,679 Total assets $ 598,664 $ 451,314

Organization, Basis of Presen_2

Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim condensed financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and disclosures of results of operations, financial position and changes in cash flow in conformity with GAAP for complete financial statements. Such statements should be read in conjunction with the audited consolidated financial statements and notes thereto of Malibu Boats, Inc. and subsidiaries for the year ended June 30, 2019, included in the Company's Annual Report on Form 10-K. In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments considered necessary to present fairly the Company’s financial position at March 31, 2020, and the results of its operations for the three and nine month periods ended March 31, 2020 and March 31, 2019, and its cash flows for the nine month periods ended March 31, 2020 and March 31, 2019. Operating results for the three and nine months ended March 31, 2020, are not necessarily indicative of the results that may be expected for the full year ending June 30, 2020. Certain reclassifications have been made to the prior period presentation to conform to the current period presentation. Units and shares are presented as whole numbers while all dollar amounts are presented in thousands, unless otherwise noted.
Segment Information	Segment Information Effective July 1, 2019, the Company revised its segment reporting to conform to changes in its internal management reporting based on the Company’s boat manufacturing operations. Segment information has been revised for comparison purposes for all periods presented in the condensed consolidated financial statements. The Company previously had four reportable segments, Malibu U.S., Malibu Australia, Cobalt and Pursuit. The Company now aggregates Malibu U.S. and Malibu Australia into one reportable segment as they have similar economic characteristics and qualitative factors. As a result
Principles of Consolidation	Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the operations and accounts of the Company and all subsidiaries thereof. All intercompany balances and transactions have been eliminated upon consolidation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) . The amendments in this update create ASC Topic 842, Leases , and supersede the requirements in ASC Topic 840, Leases . ASC Topic 842 requires lessees to recognize on the balance sheet a right-of-use asset, representing its right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing, and uncertainty of cash flows arising from leases. The standard requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities may elect to apply. In June 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvement , which provides entities with an additional (optional) transition method to adopt the new lease standard. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. On July 1, 2019, the Company adopted the new leasing standard and all the related amendments. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed the Company to carry forward the historical lease classification. The Company made an accounting policy election to not record leases with an initial term of 12 months or less on the balance sheet. The Company also elected the practical expedient to not separate non-lease components from the lease components to which they relate, and instead account for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. Accordingly, all payments associated with a lease contract are accounted for as lease cost. The adoption of ASC Topic 842 did not have a material impact on the Company’s consolidated results of operations, equity or cash flows as of the adoption date. Under the optional transition approach, comparative information was not restated, but will continue to be reported under the standards in effect for those periods. See Note 11 for further information regarding the Company’s leases. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , and in November 2018 issued a subsequent amendment, ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses . ASU 2016-13 significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU 2016-13 will replace today’s “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. ASU 2018-19 will affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope of this amendment that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years and interim periods beginning after December 15, 2019, and is effective for the Company’s fiscal year beginning July 1, 2020. The adoption of the ASU is not expected to have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows. There are no other new accounting pronouncements that are expected to have a significant impact on the Company's consolidated financial statements and related disclosures.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table disaggregates the Company's revenue by major product type and geography: Three Months Ended March 31, 2020 Nine Months Ended March 31, 2020 Malibu Cobalt Pursuit Consolidated Malibu Cobalt Pursuit Consolidated Revenue by product: Boat and trailer sales $ 100,037 $ 45,580 $ 33,472 $ 179,089 $ 276,470 $ 143,459 $ 102,993 $ 522,922 Part and other sales 2,567 448 206 3,221 9,341 1,714 525 11,580 Total revenue $ 102,604 $ 46,028 $ 33,678 $ 182,310 $ 285,811 $ 145,173 $ 103,518 $ 534,502 Revenue by geography: North America $ 94,250 $ 43,601 $ 32,720 $ 170,571 $ 262,810 $ 139,181 $ 98,085 $ 500,076 International 8,354 2,427 958 11,739 23,001 5,992 5,433 34,426 Total revenue $ 102,604 $ 46,028 $ 33,678 $ 182,310 $ 285,811 $ 145,173 $ 103,518 $ 534,502 Three Months Ended March 31, 2019 Nine Months Ended March 31, 2019 Malibu Cobalt Pursuit Consolidated Malibu Cobalt Pursuit Consolidated Revenue by product: Boat and trailer sales $ 104,381 $ 55,619 $ 36,276 $ 196,276 $ 264,170 $ 148,418 $ 66,128 $ 478,716 Part and other sales 3,038 422 182 3,642 8,492 1,729 257 10,478 Total revenue $ 107,419 $ 56,041 $ 36,458 $ 199,918 $ 272,662 $ 150,147 $ 66,385 $ 489,194 Revenue by geography: North America $ 96,394 $ 53,820 $ 34,711 $ 184,925 $ 246,534 $ 141,965 $ 61,544 $ 450,043 International 11,025 2,221 1,747 14,993 26,128 8,182 4,841 39,151 Total revenue $ 107,419 $ 56,041 $ 36,458 $ 199,918 $ 272,662 $ 150,147 $ 66,385 $ 489,194

Non-controlling Interest (Table

Non-controlling Interest (Tables)	9 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Non-controlling Interest	The ownership of Malibu Boats Holdings, LLC is summarized as follows: As of March 31, 2020 As of June 30, 2019 Units Ownership % Units Ownership % Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC 789,152 3.7 % 830,152 3.8 % Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC 20,537,469 96.3 % 20,852,640 96.2 % 21,326,621 100.0 % 21,682,792 100.0 %

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the purchase price allocation based on the estimated fair values of the assets acquired and liabilities of Pursuit assumed at the acquisition date: Consideration: Cash consideration paid $ 100,073 Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value: Inventories $ 8,332 Other current assets 350 Property, plant and equipment 17,454 Identifiable intangible assets 57,900 Current liabilities (3,488) Fair value of assets acquired and liabilities assumed 80,548 Goodwill 19,525 Total purchase price $ 100,073
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The fair value estimates for the Company's identifiable intangible assets acquired as part of the acquisition are as follows: Estimates of Fair Value Estimated Useful Life (in years) Definite-lived intangibles: Dealer relationships $ 25,400 20 Total definite-lived intangibles 25,400 Indefinite-lived intangible: Trade name 32,500 Total intangible assets $ 57,900
Business Acquisition, Pro Forma Information	The unaudited interim pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal year 2019 or the results that may occur in the future: Three Months Ended March 31, Nine Months Ended March 31, 2020 2019 2020 2019 Net sales $ 182,310 $ 199,918 $ 534,502 $ 530,836 Net income 23,866 22,203 58,146 53,223 Net income attributable to Malibu Boats, Inc. 22,778 21,099 55,359 50,430 Basic earnings per share $ 1.11 $ 1.01 $ 2.68 $ 2.42 Diluted earnings per share $ 1.09 $ 1.01 $ 2.66 $ 2.41

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories, net consisted of the following: As of March 31, 2020 As of June 30, 2019 Raw materials $ 62,644 $ 45,910 Work in progress 14,837 10,839 Finished goods 11,384 11,019 Total inventories $ 88,865 $ 67,768

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net consisted of the following: As of March 31, 2020 As of June 30, 2019 Land $ 2,194 $ 2,194 Building and leasehold improvements 34,971 28,957 Machinery and equipment 52,986 46,618 Furniture and fixtures 7,278 6,734 Construction in process 28,312 9,764 125,741 94,267 Less: Accumulated depreciation (37,421) (28,511) Property, plant and equipment, net $ 88,320 $ 65,756

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the nine months ended March 31, 2020 were as follows: Goodwill as of June 30, 2019 $ 51,404 Effect of foreign currency changes on goodwill (799) Goodwill as of March 31, 2020 $ 50,605
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The components of other intangible assets were as follows: As of March 31, 2020 As of June 30, 2019 Estimated Useful Life (in years) Weighted Average Remaining Useful Life Definite-lived intangibles: Reacquired franchise rights $ 1,105 $ 1,264 5 0.0 Dealer relationships 111,057 111,339 8 - 20 17.5 Patent 3,986 3,986 12-15 12.3 Trade name 24,667 24,667 15 1.6 Non-compete agreement 43 49 10 4.6 Backlog 77 88 0.3 0.0 Total 140,935 141,393 Less: Accumulated amortization (63,186) (58,832) Total definite-lived intangible assets, net 77,749 82,561 Indefinite-lived intangible: Trade name 63,500 63,500 Total other intangible assets, net $ 141,249 $ 146,061
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization of definite-lived intangible assets is as follows: Fiscal years ending June 30: Amount Remainder of 2020 $ 1,507 2021 6,038 2022 4,537 2023 4,400 2024 4,400 2025 and thereafter 56,867 $ 77,749

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Mar. 31, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following: As of March 31, 2020 As of June 30, 2019 Warranties $ 27,398 $ 23,820 Dealer incentives 9,679 7,394 Accrued compensation 8,684 13,122 Current operating lease liabilities 1,998 — Accrued legal and professional fees 912 740 Accrued interest 152 161 Other accrued expenses 4,178 3,860 Total accrued expenses $ 53,001 $ 49,097

Product Warranties (Tables)

Product Warranties (Tables)	9 Months Ended
	Mar. 31, 2020
Product Warranties Disclosures [Abstract]
Product Warranties	Changes in the Company’s product warranty liability, which is included in accrued expenses on the unaudited interim condensed consolidated balance sheets, were as follows: Three Months Ended March 31, Nine Months Ended March 31, 2020 2019 2020 2019 Beginning balance $ 26,710 $ 20,943 $ 23,820 $ 17,217 Add: Warranty expense 3,665 2,918 12,767 8,941 Additions for acquisitions — — — 1,872 Less: Warranty claims paid (2,977) (1,776) (9,189) (5,945) Ending balance $ 27,398 $ 22,085 $ 27,398 $ 22,085

Financing (Tables)

Financing (Tables)	9 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Outstanding debt consisted of the following: As of March 31, 2020 As of June 30, 2019 Term loans $ 75,000 $ 75,000 Revolving credit loan 118,800 40,000 Less unamortized debt issuance costs (1,062) (1,367) Total debt 192,738 113,633 Less current maturities — — Long-term debt less current maturities $ 192,738 $ 113,633

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of Assets And Liabilities, Lessee	Other information concerning the Company's operating leases accounted for under ASC Topic 842 is as follows (in thousands): Classification As of March 31, 2020 Assets Right-of-use assets Other assets $ 14,675 Liabilities Current operating lease liabilities Accrued expenses $ 1,998 Long-term operating lease liabilities Other liabilities 14,397 Total lease liabilities $ 16,395
Lease, Cost	Classification Three Months Ended March 31, 2020 Nine Months Ended March 31, 2020 Operating lease costs (1) Cost of sales $ 491 $ 1,441 Selling, general and administrative 211 654 Sublease income Other income (expense) 10 29 Cash paid for amounts included in the measurement of operating lease liabilities Cash flows from operating activities 653 1,955 (1) Includes short-term leases, which are insignificant, and are not included in the lease liability.
Lessee, Operating Lease, Liability, Maturity	Future annual minimum lease payments for the following fiscal years as of March 31, 2020 are as follows: Amount Remainder of 2020 $ 646 2021 2,517 2022 2,360 2023 2,410 2024 2,536 2025 and thereafter 8,316 Total 18,785 Less imputed interest (2,390) Present value of lease liabilities $ 16,395
Schedule of Future Minimum Rental Payments for Operating Leases	The following represents the Company's future minimum rental payments at June 30, 2019 for agreements classified as operating leases under ASC Topic 840: Amount 2020 $ 2,552 2021 2,541 2022 2,432 2023 2,489 2024 2,649 2025 and thereafter 8,577 Total $ 21,240

Tax Receivable Agreement Liab_2

Tax Receivable Agreement Liability (Tables)	9 Months Ended
	Mar. 31, 2020
Tax Receivable Agreement [Abstract]
Tax Receivable Agreement Liability	The following table reflects the changes to the Company's tax receivable agreement liability: As of March 31, 2020 As of June 30, 2019 Payable pursuant to tax receivable agreement $ 53,754 $ 55,046 Additions (reductions) to tax receivable agreement: Exchange of LLC Units for Class A Common Stock 440 2,676 Adjustment for change in estimated tax rate (1,650) (103) Payments under tax receivable agreement — (3,865) 52,544 53,754 Less current portion under tax receivable agreement (3,477) (3,592) Payable pursuant to tax receivable agreement, less current portion $ 49,067 $ 50,162

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Assets and Liabilities on Recurring Basis	Assets and liabilities that had recurring fair value measurements were as follows: Fair Value Measurements at Reporting Date Using Total Quoted Prices Significant Significant As of March 31, 2020: Assets Interest rate swap not designated as cash flow hedge $ — $ — $ — $ — Total assets at fair value $ — $ — $ — $ — As of June 30, 2019: Assets Interest rate swap not designated as cash flow hedge $ 68 $ — $ 68 $ — Total assets at fair value $ 68 $ — $ 68 $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation, Stock Options, Activity	The following is a summary of the changes in the Company's stock options for the nine months ended March 31, 2020: Shares Weighted Average Exercise Price/Share Total outstanding options as of June 30, 2019 185,473 $ 32.51 Options granted — — Options exercised (12,125) 31.08 Outstanding options as of March 31, 2020 173,348 32.61 Exercisable as of March 31, 2020 48,869 $ 31.71
Schedule of Summary of the Changes in Non-vested Restricted	The following is a summary of the changes in non-vested restricted stock units and restricted stock awards for the nine months ended March 31, 2020: Number of Restricted Stock Units and Restricted Stock Awards Outstanding Weighted Average Grant Date Fair Value Total Non-vested Restricted Stock Units and Restricted Stock Awards as of June 30, 2019 226,240 $ 29.64 Granted 166,037 37.60 Vested (110,073) 26.85 Forfeited (4,062) 33.71 Total Non-vested Restricted Stock Units and Restricted Stock Awards as of March 31, 2020 278,142 $ 35.44

Net Earnings Per Share (Tables)

Net Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income Per Share	Basic and diluted net income per share of Class A Common Stock has been computed as follows (in thousands, except share and per share amounts): Three Months Ended March 31, Nine Months Ended March 31, 2020 2019 2020 2019 Basic: Net income attributable to Malibu Boats, Inc. $ 22,778 $ 21,099 $ 55,359 $ 46,654 Shares used in computing basic net income per share: Weighted-average Class A Common Stock 20,417,829 20,710,202 20,479,874 20,621,522 Weighted-average participating restricted stock units convertible into Class A Common Stock 212,912 191,345 204,160 184,390 Basic weighted-average shares outstanding 20,630,741 20,901,547 20,684,034 20,805,912 Basic net income per share $ 1.11 $ 1.01 $ 2.68 $ 2.24 Diluted: Net income attributable to Malibu Boats, Inc. $ 22,778 $ 21,099 $ 55,359 $ 46,654 Shares used in computing diluted net income per share: Basic weighted-average shares outstanding 20,630,741 20,901,547 20,684,034 20,805,912 Restricted stock units granted to employees 105,096 101,271 109,225 126,239 Stock options granted to employees 13,535 5,115 8,963 11,397 Market performance awards granted to employees 25,736 — 25,736 — Diluted weighted-average shares outstanding 1 20,775,108 21,007,933 20,827,958 20,943,548 Diluted net income per share $ 1.09 $ 1.01 $ 2.66 $ 2.23 1 The Company excluded (i) 889,500 and 946,875 potentially dilutive shares from the calculation of diluted net income per share for the three months ended March 31, 2020 and 2019, respectively, and (ii) 890,750 and 930,125 potentially dilutive shares from the calculation of diluted net income per share for the nine months ended March 31, 2020 and 2019, respectively, as these units would have been antidilutive.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, By Segment	The following tables present financial information for the Company’s reportable segments for the three and nine months ended March 31, 2020 and 2019, respectively, and the Company’s financial position at March 31, 2020 and June 30, 2019, respectively: Three Months Ended March 31, 2020 Nine Months Ended March 31, 2020 Malibu Cobalt Pursuit Total Malibu Cobalt Pursuit Total Net sales $ 102,604 $ 46,028 $ 33,678 $ 182,310 $ 285,811 $ 145,173 $ 103,518 $ 534,502 Income before provision for income taxes $ 21,669 $ 6,178 $ 3,006 $ 30,853 $ 48,331 $ 16,937 $ 9,750 $ 75,018 Three months ended March 31, 2019 Nine Months Ended March 31, 2019 Malibu Cobalt Pursuit Total Malibu Cobalt Pursuit Total Net sales $ 107,419 $ 56,041 $ 36,458 $ 199,918 $ 272,662 $ 150,147 $ 66,385 $ 489,194 Income before provision for income taxes $ 19,754 $ 7,202 $ 2,568 $ 29,524 $ 39,684 $ 19,466 $ 5,089 $ 64,239 As of March 31, 2020 As of June 30, 2019 Assets Malibu $ 311,541 $ 185,154 Cobalt 157,988 151,481 Pursuit 129,135 114,679 Total assets $ 598,664 $ 451,314

Organization, Basis of Presen_3

Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - segment	Jun. 30, 2019	Mar. 31, 2020
Malibu U.S., Malibu Australia, Cobalt and Pursuit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of reportable segments	4
Malibu U.S. And Malibu Australia
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of reportable segments		1
Malibu, Cobalt And Pursuit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of reportable segments		3

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 182,310	$ 199,918	$ 534,502	$ 489,194
North America
Disaggregation of Revenue [Line Items]
Net sales	170,571	184,925	500,076	450,043
International
Disaggregation of Revenue [Line Items]
Net sales	11,739	14,993	34,426	39,151
Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	179,089	196,276	522,922	478,716
Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	3,221	3,642	11,580	10,478
Malibu
Disaggregation of Revenue [Line Items]
Net sales	102,604	107,419	285,811	272,662
Malibu | North America
Disaggregation of Revenue [Line Items]
Net sales	94,250	96,394	262,810	246,534
Malibu | International
Disaggregation of Revenue [Line Items]
Net sales	8,354	11,025	23,001	26,128
Malibu | Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	100,037	104,381	276,470	264,170
Malibu | Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	2,567	3,038	9,341	8,492
Cobalt
Disaggregation of Revenue [Line Items]
Net sales	46,028	56,041	145,173	150,147
Cobalt | North America
Disaggregation of Revenue [Line Items]
Net sales	43,601	53,820	139,181	141,965
Cobalt | International
Disaggregation of Revenue [Line Items]
Net sales	2,427	2,221	5,992	8,182
Cobalt | Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	45,580	55,619	143,459	148,418
Cobalt | Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	448	422	1,714	1,729
Pursuit
Disaggregation of Revenue [Line Items]
Net sales	33,678	36,458	103,518	66,385
Pursuit | North America
Disaggregation of Revenue [Line Items]
Net sales	32,720	34,711	98,085	61,544
Pursuit | International
Disaggregation of Revenue [Line Items]
Net sales	958	1,747	5,433	4,841
Pursuit | Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	33,472	36,276	102,993	66,128
Pursuit | Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	$ 206	$ 182	$ 525	$ 257

Non-controlling Interest - Owne

Non-controlling Interest - Ownership (Details) - shares	Mar. 31, 2020	Jun. 30, 2019
Class of Stock [Line Items]
Units (in shares)	21,326,621	21,682,792
Ownership %	100.00%	100.00%
Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC | Malibu Boat LLC
Class of Stock [Line Items]
Units (in shares)	789,152	830,152
Ownership %	3.70%	3.80%
Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC | Parent Company
Class of Stock [Line Items]
Units (in shares)	20,537,469	20,852,640
Ownership %	96.30%	96.20%

Non-controlling Interest - Narr

Non-controlling Interest - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC
Noncontrolling Interest [Line Items]
Tax distributions payable to non-controlling LLC Unit holders	$ 421		$ 568
Tax distributions paid to non-controlling LLC Unit holders	$ 1,415	$ 1,228
Class A Common Stock
Noncontrolling Interest [Line Items]
Issuance LLC Units (in shares)	184,241
Treasury Stock, Common
Noncontrolling Interest [Line Items]
Treasury stock, shares, retired (in shares)	15,733
Repurchase Agreements
Noncontrolling Interest [Line Items]
Treasury stock, shares, retired (in shares)	483,679

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	Oct. 15, 2018	Mar. 31, 2019	Mar. 31, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years
Goodwill			$ 50,605	$ 51,404
Pursuit
Business Acquisition [Line Items]
Fair value of total consideration transferred	$ 100,073
Goodwill	$ 19,525
Acquisition related costs		$ 2,846
Dealer relationships | Pursuit
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years

Acquisitions - Estimated fair v

Acquisitions - Estimated fair value of the assets acquired and liabilities (Details) - USD ($) $ in Thousands	Oct. 15, 2018	Mar. 31, 2020	Jun. 30, 2019
Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value:
Goodwill		$ 50,605	$ 51,404
Pursuit
Consideration:
Cash consideration paid	$ 100,073
Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value:
Inventories	8,332
Other current assets	350
Property, plant and equipment	17,454
Identifiable intangible assets	57,900
Current liabilities	(3,488)
Fair value of assets acquired and liabilities assumed	80,548
Goodwill	19,525
Total purchase price	$ 100,073

Acquisitions - Intangible Asset

Acquisitions - Intangible Assets Acquired (Details) - USD ($) $ in Thousands	Oct. 15, 2018	Mar. 31, 2020	Jun. 30, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 141,249	$ 146,061
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years
Pursuit
Acquired Finite-Lived Intangible Assets [Line Items]
Definite-lived intangibles:	$ 25,400
Indefinite-lived intangible:	32,500
Total intangible assets	57,900
Pursuit | Dealer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Definite-lived intangibles:	$ 25,400
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years

Acquisitions - Pro forma (Detai

Acquisitions - Pro forma (Details) - Pursuit - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Business Acquisition [Line Items]
Net sales	$ 182,310	$ 199,918	$ 534,502	$ 530,836
Net income	23,866	22,203	58,146	53,223
Net income attributable to Malibu Boats, Inc.	$ 22,778	$ 21,099	$ 55,359	$ 50,430
Basic earnings per share (in dollars per share)	$ 1.11	$ 1.01	$ 2.68	$ 2.42
Diluted earnings per share (in dollars per share)	$ 1.09	$ 1.01	$ 2.66	$ 2.41

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 62,644	$ 45,910
Work in progress	14,837	10,839
Finished goods	11,384	11,019
Total inventories	$ 88,865	$ 67,768

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2018	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Property, Plant and Equipment [Line Items]
Property equipment, gross	$ 125,741			$ 125,741		$ 94,267
Less: Accumulated depreciation	(37,421)			(37,421)		(28,511)
Property, plant and equipment, net	88,320			88,320		65,756
Depreciation expense	2,938	$ 2,744		9,040	$ 7,102
Historical cost			$ 3,285
Land
Property, Plant and Equipment [Line Items]
Property equipment, gross	2,194			2,194		2,194
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property equipment, gross	34,971			34,971		28,957
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property equipment, gross	52,986			52,986		46,618
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property equipment, gross	7,278			7,278		6,734
Construction in process
Property, Plant and Equipment [Line Items]
Property equipment, gross	$ 28,312			$ 28,312		$ 9,764

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)
Goodwill [Roll Forward]
Goodwill as of June 30, 2019	$ 51,404
Effect of foreign currency changes on goodwill	(799)
Goodwill as of March 31, 2020	$ 50,605

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Jun. 30, 2019
Goodwill [Line Items]
Gross Carrying Amount	$ 140,935	$ 141,393
Less: Accumulated amortization	(63,186)	(58,832)
Total definite-lived intangible assets, net	77,749	82,561
Total other intangible assets, net	141,249	146,061
Reacquired franchise rights
Goodwill [Line Items]
Gross Carrying Amount	$ 1,105	1,264
Estimated Useful Life (in years)	5 years
Weighted Average Remaining Useful Life (in years)	0 years
Dealer relationships
Goodwill [Line Items]
Gross Carrying Amount	$ 111,057	111,339
Weighted Average Remaining Useful Life (in years)	17 years 6 months
Patent
Goodwill [Line Items]
Gross Carrying Amount	$ 3,986	3,986
Weighted Average Remaining Useful Life (in years)	12 years 3 months 18 days
Trade name
Goodwill [Line Items]
Gross Carrying Amount	$ 24,667	24,667
Estimated Useful Life (in years)	15 years
Weighted Average Remaining Useful Life (in years)	1 year 7 months 6 days
Non-compete agreement
Goodwill [Line Items]
Gross Carrying Amount	$ 43	49
Estimated Useful Life (in years)	10 years
Weighted Average Remaining Useful Life (in years)	4 years 7 months 6 days
Backlog
Goodwill [Line Items]
Gross Carrying Amount	$ 77	88
Estimated Useful Life (in years)	3 months 18 days
Weighted Average Remaining Useful Life (in years)	0 years
Minimum | Dealer relationships
Goodwill [Line Items]
Estimated Useful Life (in years)	8 years
Minimum | Patent
Goodwill [Line Items]
Estimated Useful Life (in years)	12 years
Maximum | Dealer relationships
Goodwill [Line Items]
Estimated Useful Life (in years)	20 years
Maximum | Patent
Goodwill [Line Items]
Estimated Useful Life (in years)	15 years
Trade name
Goodwill [Line Items]
Indefinite-lived intangible:	$ 63,500	$ 63,500

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1,501	$ 1,563	$ 4,622	$ 4,381

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2020	$ 1,507
2021	6,038
2022	4,537
2023	4,400
2024	4,400
2025 and thereafter	56,867
Total definite-lived intangible assets, net	$ 77,749	$ 82,561

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Payables and Accruals [Abstract]
Warranties	$ 27,398	$ 23,820
Dealer incentives	9,679	7,394
Accrued compensation	8,684	13,122
Current operating lease liabilities	1,998	0
Accrued legal and professional fees	912	740
Accrued interest	152	161
Other accrued expenses	4,178	3,860
Total accrued expenses	$ 53,001	$ 49,097

Product Warranties (Details)

Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2015	Mar. 31, 2020	Mar. 31, 2019
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 26,710	$ 20,943		$ 23,820	$ 17,217
Add: Warranty expense	3,665	2,918		12,767	8,941
Additions for acquisitions	0	0		0	1,872
Less: Warranty claims paid	(2,977)	(1,776)		(9,189)	(5,945)
Ending balance	$ 27,398	$ 22,085		$ 27,398	$ 22,085
Malibu and Axis Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period (up to)				5 years
Gelcoat warranty, period (up to)				1 year
Malibu Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period (up to)			3 years
Axis Boats
Product Warranty Liability [Line Items]
Standard product warranty, period (up to)			2 years
Cobalt
Product Warranty Liability [Line Items]
Structural warranty, period (up to)				10 years
Bow-to-stern warranty on all components				5 years
Gelcoat warranty, period (up to)				3 years
Pursuit
Product Warranty Liability [Line Items]
Standard product warranty, period (up to)				5 years

Financing - Outstanding Debt (D

Financing - Outstanding Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Debt Disclosure [Abstract]
Term loans	$ 75,000	$ 75,000
Revolving credit loan	118,800	40,000
Less unamortized debt issuance costs	(1,062)	(1,367)
Total debt	192,738	113,633
Less current maturities	0	0
Long-term debt less current maturities	$ 192,738	$ 113,633

Financing - Narrative (Details)

Financing - Narrative (Details) - USD ($)

Mar. 31, 2022

Mar. 19, 2020

May 08, 2019

Aug. 24, 2017

Aug. 17, 2017

Jul. 01, 2015

Mar. 31, 2020

Mar. 31, 2019

Mar. 31, 2020

Mar. 31, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2017

Line of Credit Facility [Line Items]

Long-term debt

$ 192,738,000

$ 192,738,000

$ 113,633,000

Remaining available funds

103,800,000

$ 55,000,000

Repayments of debt

25,000,000

35,000,000

Term loans

75,000,000

75,000,000

75,000,000

Debt issuance costs

1,062,000

1,062,000

$ 1,367,000

Derivative, term of contract

5 years

Fixed quarterly interest rate

1.52%

Derivative notional amount

$ 39,250,000

Outstanding balance, percent (equal to)

50.00%

Derivative, loss on derivative

10,000

$ 93,000

68,000

$ 225,000

Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

120,000,000

120,000,000

Long-term debt

75,000,000

75,000,000

Outstanding letters of credit

1,170,000

1,170,000

Purchase of stock (up to)

2,000,000

Share repurchase (up to)

35,000,000

Dividend and distributions (up to)

10,000,000

Deferred finance costs

$ 2,074,000

Debt issuance costs

671,000

671,000

Credit Agreement | Revolving Credit Facility

Line of Credit Facility [Line Items]

Available borrowing capacity

$ 118,800,000

$ 118,800,000

Remaining available funds

$ 98,800,000

Interest rate, stated percentage

2.24%

2.24%

Credit Agreement | Long-term Debt

Line of Credit Facility [Line Items]

Repayments of debt

$ 50,000,000

Credit Agreement | Federal Funds | Revolving Credit Facility

Line of Credit Facility [Line Items]

Debt instrument, basis spread on variable rate

0.50%

Credit Agreement | Base Rate | Revolving Credit Facility

Line of Credit Facility [Line Items]

Debt instrument, basis spread on variable rate

1.00%

Credit Agreement | Minimum | Revolving Credit Facility

Line of Credit Facility [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.20%

Credit Agreement | Minimum | Base Rate | Revolving Credit Facility

Line of Credit Facility [Line Items]

Debt instrument, basis spread on variable rate

0.25%

Credit Agreement | Minimum | LIBOR | Revolving Credit Facility

Line of Credit Facility [Line Items]

Debt instrument, basis spread on variable rate

1.25%

Credit Agreement | Maximum | Revolving Credit Facility

Line of Credit Facility [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.40%

Credit Agreement | Maximum | Base Rate | Revolving Credit Facility

Line of Credit Facility [Line Items]

Debt instrument, basis spread on variable rate

1.25%

Credit Agreement | Maximum | LIBOR | Revolving Credit Facility

Line of Credit Facility [Line Items]

Debt instrument, basis spread on variable rate

2.25%

Long-term Debt | Credit Agreement

Line of Credit Facility [Line Items]

Repayments of debt

$ 50,000,000

Term loans

$ 193,800,000

$ 193,800,000

Write off of deferred debt issuance cost

$ 829,000

Long-term Debt | Amendment

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 35,000,000

Deferred finance costs

1,367,000

Write off of deferred debt issuance cost

$ 137,000

Debt instrument, term (in years)

2 years

Deferred financing costs capitalized

$ 370,000

Forecast | Long-term Debt | Credit Agreement

Line of Credit Facility [Line Items]

Debt instrument, periodic payment

$ 3,000,000

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jul. 01, 2019
Leases [Abstract]
Operating lease, right-of-use asset	$ 14,675	$ 16,142
Weighted average remaining lease term	7 years 6 months 7 days
Weighted average discount rate, percent	3.65%

Leases - Schedule of Expense, A

Leases - Schedule of Expense, Assets and Liabilities, Lessee (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Jul. 01, 2019	Jun. 30, 2019
Assets
Right-of-use assets	$ 14,675	$ 14,675	$ 16,142
Liabilities
Current operating lease liabilities	1,998	1,998		$ 0
Long-term operating lease liabilities	14,397	14,397
Total lease liabilities	16,395	16,395
Cash paid for amounts included in the measurement of operating lease liabilities	653	1,955
Cost of sales
Liabilities
Operating lease costs	491	1,441
Selling, general and administrative
Liabilities
Operating lease costs	211	654
Other income (expense)
Liabilities
Sublease income	$ 10	$ 29

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of 2020	$ 646
2021	2,517
2022	2,360
2023	2,410
2024	2,536
2025 and thereafter	8,316
Total	18,785
Less imputed interest	(2,390)
Present value of lease liabilities	$ 16,395
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2020		$ 2,552
2021		2,541
2022		2,432
2023		2,489
2024		2,649
2025 and thereafter		8,577
Total		$ 21,240

Tax Receivable Agreement Liab_3

Tax Receivable Agreement Liability - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Jun. 30, 2019
Tax Receivable Agreement [Abstract]
Tax receivable agreement, percentage of realized cash saving in tax to pass through	85.00%
Investment in subsidiaries	$ 110,726	$ 110,545
Period of next annual payment	75 days

Tax Receivable Agreement Liab_4

Tax Receivable Agreement Liability - Schedule of Tax Agreement Liability (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Tax Receivable Agreement [Roll Forward]
Payable pursuant to tax receivable agreement	$ 53,754	$ 55,046	$ 55,046
Additions (reductions) to tax receivable agreement:
Adjustment for change in estimated tax rate	(1,650)	$ (707)
Payments under tax receivable agreement	0		(3,865)
Payable pursuant to tax receivable agreement	52,544		53,754
Less current portion under tax receivable agreement	(3,477)		(3,592)
Payable pursuant to tax receivable agreement, less current portion	49,067		50,162
Exchange of LLC Units for Class A Shares
Additions (reductions) to tax receivable agreement:
Exchange of LLC Units for Class A Common Stock	440		2,676
Adjustment for change in estimated tax rate	$ (1,650)		$ (103)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Assets
Interest rate swap not designated as cash flow hedge	$ 0	$ 68
Total assets at fair value	0	68
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Interest rate swap not designated as cash flow hedge	0	0
Total assets at fair value	0	0
Significant Other Observable Inputs (Level 2)
Assets
Interest rate swap not designated as cash flow hedge	0	68
Total assets at fair value	0	68
Significant Unobservable Inputs (Level 3)
Assets
Interest rate swap not designated as cash flow hedge	0	0
Total assets at fair value	$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Deferred tax assets, valuation allowance	$ 14,296		$ 14,296		$ 14,252
Tax credit carryforwards, foreign	$ 580		$ 580		$ 580
Effective income tax rate reconciliation, percent	22.60%	24.80%	22.50%	23.40%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 22, 2019	Nov. 06, 2019	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jan. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense			$ 816	$ 735	$ 2,306	$ 1,866
Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance in the Long-Term Incentive Plan (in shares)							1,700,000
Remaining shares available for future issuance (in shares)			714,911		714,911
Restricted Stock Units (RSUs) | Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	43,000
Restricted Stock Units (RSUs) | Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested (in shares)			1,409		20,195
Restricted Stock Awards | Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	28,000
Restricted Stock Units and Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)					166,037
Vested (in shares)					110,073
Restricted Stock Units and Restricted Stock Awards | Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted fair value	$ 2,714
Stock price (in dollars per share)	$ 38.05
Performance shares | Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	21,000
Shares granted fair value	$ 810
Stock price (in dollars per share)	$ 38.05
Maximum number of shares available for issue if performance target is met (in shares)	32,000
Stock Awards With Market Conditions | Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	21,000
Shares granted fair value	$ 1,039
Maximum | Stock Awards With Market Conditions | Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining shares available for future issuance (in shares)	42,000
Period one | Restricted Stock Units and Restricted Stock Awards | Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting percentage		60.00%
Restricted stock vesting period (in years)		3 years
Period two | Restricted Stock Units and Restricted Stock Awards | Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting percentage		40.00%
Restricted stock vesting period (in years)		4 years

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options (Details) - $ / shares	9 Months Ended
	Mar. 31, 2020
Shares
Total outstanding options at beginning of year (in shares)	185,473
Options granted (in shares)	0
Options exercised (in shares)	(12,125)
Outstanding options at end of period (in shares)	173,348
Weighted Average Exercise Price/Share
Total outstanding options at beginning of year (in dollars per share)	$ 32.51
Options granted (in dollars per share)	0
Options exercised (in dollars per share)	31.08
Total outstanding options at end of year (in dollars per share)	$ 32.61
Exercisable at end of period (in shares)	48,869
Exercisable at end of period (in dollars per share)	$ 31.71

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Changes in Non-vested Restricted Shares (Details) - Restricted Stock Units and Restricted Stock Awards	9 Months Ended
	Mar. 31, 2020$ / sharesshares
Number of Restricted Stock Units and Restricted Stock Awards Outstanding
Total Non-vested Restricted Stock Units and Restricted Stock Awards (in shares) | shares	226,240
Granted (in shares) | shares	166,037
Vested (in shares) | shares	(110,073)
Forfeited (in shares) | shares	(4,062)
Total Non-vested Restricted Stock Units and Restricted Stock Awards (in shares) | shares	278,142
Weighted Average Grant Date Fair Value
Total Non-vested Restricted Stock Units and Restricted Stock Awards (in dollars per share) | $ / shares	$ 29.64
Granted (in usd per share) | $ / shares	37.60
Vested (in usd per share) | $ / shares	26.85
Forfeited (in usd per share) | $ / shares	33.71
Total Non-vested Restricted Stock Units and Restricted Stock Awards (in dollars per share) | $ / shares	$ 35.44

Commitment and Contingencies (D

Commitment and Contingencies (Details) $ in Thousands	Nov. 27, 2019actions	Aug. 22, 2019actions	Jul. 27, 2019actions	Mar. 31, 2020USD ($)	Jun. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Repurchase obligations				$ 327,806	$ 239,315
Financing receivables				$ 412	$ 768
Number of actions | actions	2	2	2

Net Earnings Per Share (Details

Net Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Basic:
Net income attributable to Malibu Boats, Inc.	$ 22,778	$ 21,099	$ 55,359	$ 46,654
Shares used in computing basic net income per share:
Basic weighted-average shares outstanding (in shares)	20,630,741	20,901,547	20,684,034	20,805,912
Basic net income per share (in dollars per share)	$ 1.11	$ 1.01	$ 2.68	$ 2.24
Diluted:
Net income attributable to Malibu Boats, Inc.	$ 22,778	$ 21,099	$ 55,359	$ 46,654
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding (in shares)	20,630,741	20,901,547	20,684,034	20,805,912
Diluted weighted-average shares outstanding (in shares)	20,775,108	21,007,933	20,827,958	20,943,548
Diluted net income per share (in dollars per share)	$ 1.09	$ 1.01	$ 2.66	$ 2.23
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	889,500	946,875	890,750	930,125
Class A Common Stock
Shares used in computing basic net income per share:
Basic weighted-average shares outstanding (in shares)	20,417,829	20,710,202	20,479,874	20,621,522
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding (in shares)	20,417,829	20,710,202	20,479,874	20,621,522
Restricted Stock Units (RSUs)
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	105,096	101,271	109,225	126,239
Employee Stock Option
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	13,535	5,115	8,963	11,397
Performance Awards
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	25,736		25,736
Fully Vested/Participating | Restricted Stock Units (RSUs)
Shares used in computing basic net income per share:
Basic weighted-average shares outstanding (in shares)	212,912	191,345	204,160	184,390
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding (in shares)	212,912	191,345	204,160	184,390

Segment Information (Details)

Segment Information (Details) $ in Thousands	Jun. 30, 2019USD ($)segment	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)segment	Mar. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Net sales		$ 182,310	$ 199,918	$ 534,502	$ 489,194
Income before provision for income taxes		30,853	29,524	75,018	64,239
Assets	$ 451,314	598,664		$ 598,664
Malibu U.S., Malibu Australia, Cobalt and Pursuit
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Malibu U.S. And Malibu Australia
Segment Reporting Information [Line Items]
Number of reportable segments | segment				1
Malibu, Cobalt And Pursuit
Segment Reporting Information [Line Items]
Number of reportable segments | segment				3
Malibu
Segment Reporting Information [Line Items]
Net sales		102,604	107,419	$ 285,811	272,662
Cobalt
Segment Reporting Information [Line Items]
Net sales		46,028	56,041	145,173	150,147
Pursuit
Segment Reporting Information [Line Items]
Net sales		33,678	36,458	103,518	66,385
Operating Segments | Malibu
Segment Reporting Information [Line Items]
Net sales		102,604	107,419	285,811	272,662
Income before provision for income taxes		21,669	19,754	48,331	39,684
Assets	$ 185,154	311,541		311,541
Operating Segments | Cobalt
Segment Reporting Information [Line Items]
Net sales		46,028	56,041	145,173	150,147
Income before provision for income taxes		6,178	7,202	16,937	19,466
Assets	151,481	157,988		157,988
Operating Segments | Pursuit
Segment Reporting Information [Line Items]
Net sales		33,678	36,458	103,518	66,385
Income before provision for income taxes		3,006	$ 2,568	9,750	$ 5,089
Assets	$ 114,679	$ 129,135		$ 129,135

Uncategorized Items - mbuu-2020

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,703,000)
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,703,000)