Malibu Boats (MBUU) 10-Q 10 May 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Mar. 31, 2022	May 06, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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
City Area Code	865
Local Phone Number	458-5478
Entity Tax Identification Number	46-4024640
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	2022
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)		20,503,058
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		10

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net sales	$ 344,287	$ 273,162	$ 861,671	$ 649,793
Cost of sales	247,166	201,134	641,247	482,535
Gross profit	97,121	72,028	220,424	167,258
Operating expenses:
Selling and marketing	6,773	4,667	17,548	12,280
General and administrative	17,129	18,402	49,207	45,092
Amortization	1,682	2,094	5,257	5,142
Operating income	71,537	46,865	148,412	104,744
Other expense, net:
Other income, net	(10)	(7)	(33)	(29)
Interest expense	650	796	1,990	1,797
Other expense, net	640	789	1,957	1,768
Income before provision for income taxes	70,897	46,076	146,455	102,976
Provision for income taxes	16,064	10,941	32,710	23,656
Net income	54,833	35,135	113,745	79,320
Net income attributable to non-controlling interest	1,955	1,339	4,032	3,206
Net income attributable to Malibu Boats, Inc.	52,878	33,796	109,713	76,114
Comprehensive income:
Net income	54,833	35,135	113,745	79,320
Other comprehensive income (loss):
Change in cumulative translation adjustment	711	(262)	14	1,790
Other comprehensive income (loss)	711	(262)	14	1,790
Comprehensive income	55,544	34,873	113,759	81,110
Less: comprehensive income attributable to non-controlling interest	1,980	1,329	4,032	3,282
Comprehensive income attributable to Malibu Boats, Inc.	$ 53,564	$ 33,544	$ 109,727	$ 77,828
Weighted-average shares outstanding used in computing net income per share:
Basic (in shares)	20,777,512	20,799,405	20,843,040	20,722,339
Diluted (in shares)	20,982,873	21,032,360	21,097,502	20,939,927
Net income available to Class A Common Stock per share
Basic (in dollars per share)	$ 2.54	$ 1.62	$ 5.26	$ 3.67
Diluted (in dollars per share)	$ 2.51	$ 1.61	$ 5.20	$ 3.63

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Current assets
Cash	$ 56,966	$ 41,479
Trade receivables, net	49,118	49,844
Inventories, net	164,390	116,685
Prepaid expenses and other current assets	7,462	4,775
Total current assets	277,936	212,783
Property, plant and equipment, net	160,778	132,913
Goodwill	101,347	101,033
Other intangible assets, net	230,100	235,363
Deferred tax assets	42,531	48,022
Other assets	11,268	12,670
Total assets	823,960	742,784
Current liabilities
Current maturities of long-term obligations	73,406	4,250
Accounts payable	61,608	45,992
Accrued expenses	83,933	77,179
Income taxes and tax distribution payable	2,752	3,209
Less: current portion under tax receivable agreement	3,773	3,773
Total current liabilities	225,472	134,403
Deferred tax liabilities	28,159	27,869
Other liabilities	12,374	15,892
Payable pursuant to tax receivable agreement, less current portion	44,441	44,441
Long-term debt	46,375	139,025
Total liabilities	356,821	361,630
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, 2022 and June 30, 2021	0	0
Additional paid in capital	85,568	111,308
Accumulated other comprehensive loss	(1,625)	(1,639)
Accumulated earnings	373,265	263,552
Total stockholders' equity attributable to Malibu Boats, Inc.	457,411	373,428
Non-controlling interest	9,728	7,726
Total stockholders’ equity	467,139	381,154
Total liabilities and stockholders' equity	823,960	742,784
Class A Common Stock
Stockholders' Equity
Common stock	203	207
Class B Common Stock
Stockholders' Equity
Common stock	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Jun. 30, 2021
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)	20,503,058	20,847,019
Common stock, shares, outstanding (in shares)	20,503,058	20,847,019
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)	10	10
Common stock, shares, outstanding (in shares)	10	10

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 B Common Stock	Class B Common StockCommon Stock
Beginning balance (in shares) at Jun. 30, 2020							20,596,000		15
Beginning balance at Jun. 30, 2020	$ 261,527	$ 103,797	$ (3,132)	$ 153,711	$ 6,947		$ 204		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,038			21,093	945
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							(3,000)
Stock based compensation, net of withholding taxes on vested equity awards	658	658
Issuances of equity for services	59	59
Issuances of equity for exercise of stock options (in shares)							9,000
Issuances of equity for exercise of stock options	300	300
Increase in payable pursuant to the tax receivable agreement	(330)	(330)
Increase in deferred tax asset from step-up in tax basis	480	480
Exchange of LLC Units for Class A Common Stock (in shares)							28,000		(2)
Exchange of LLC Units for Class A Common Stock	0	264			(264)
Distributions to LLC Unit holders	(449)				(449)
Foreign currency translation adjustment	652		630		22
Ending balance (in shares) at Sep. 30, 2020							20,630,000		13
Ending balance at Sep. 30, 2020	284,935	105,228	(2,502)	174,804	7,201		$ 204		$ 0
Beginning balance (in shares) at Jun. 30, 2020							20,596,000		15
Beginning balance at Jun. 30, 2020	261,527	103,797	(3,132)	153,711	6,947		$ 204		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	79,320
Ending balance (in shares) at Mar. 31, 2021							20,844,000		11
Ending balance at Mar. 31, 2021	345,605	109,692	(1,342)	229,825	7,223		$ 207		$ 0
Beginning balance (in shares) at Sep. 30, 2020							20,630,000		13
Beginning balance at Sep. 30, 2020	284,935	105,228	(2,502)	174,804	7,201		$ 204		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,147			21,225	922
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							110,000
Stock based compensation, net of withholding taxes on vested equity awards	752	750					$ 2
Issuance of equity for services (in shares)							1,000
Issuances of equity for services	659	659
Increase in payable pursuant to the tax receivable agreement	(213)	(213)
Increase in deferred tax asset from step-up in tax basis	229	229
Exchange of LLC Units for Class A Common Stock (in shares)							12,000		(1)
Exchange of LLC Units for Class A Common Stock	0	118			(118)
Distributions to LLC Unit holders	(495)				(495)
Foreign currency translation adjustment	1,470		1,422		48
Ending balance (in shares) at Dec. 31, 2020							20,753,000		12
Ending balance at Dec. 31, 2020	309,484	106,771	(1,080)	196,029	7,558		$ 206		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	35,135			33,796	1,339
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							2,000
Stock based compensation, net of withholding taxes on vested equity awards	1,400	1,400
Issuances of equity for services	59	59
Issuances of equity for exercise of stock options (in shares)							2,000
Issuances of equity for exercise of stock options	75	75
Increase in payable pursuant to the tax receivable agreement	(1,531)	(1,531)
Increase in deferred tax asset from step-up in tax basis	1,963	1,963
Exchange of LLC Units for Class A Common Stock (in shares)							87,000		(1)
Exchange of LLC Units for Class A Common Stock	1	955			(955)		$ 1
Distributions to LLC Unit holders	(710)				(710)
Foreign currency translation adjustment	(271)		(262)		(9)
Ending balance (in shares) at Mar. 31, 2021							20,844,000		11
Ending balance at Mar. 31, 2021	345,605	109,692	(1,342)	229,825	7,223		$ 207		$ 0
Beginning balance (in shares) at Jun. 30, 2021						20,847,019	20,847,000	10	10
Beginning balance at Jun. 30, 2021	381,154	111,308	(1,639)	263,552	7,726		$ 207		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	27,933			26,944	989
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							(7,000)
Stock based compensation, net of withholding taxes on vested equity awards	728	728
Issuances of equity for services	58	58
Distributions to LLC Unit holders	(558)				(558)
Foreign currency translation adjustment	(859)		(835)		(24)
Ending balance (in shares) at Sep. 30, 2021							20,840,000		10
Ending balance at Sep. 30, 2021	408,456	112,094	(2,474)	290,496	8,133		$ 207		$ 0
Beginning balance (in shares) at Jun. 30, 2021						20,847,019	20,847,000	10	10
Beginning balance at Jun. 30, 2021	381,154	111,308	(1,639)	263,552	7,726		$ 207		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 113,745
Issuances of equity for exercise of stock options (in shares)	34,625
Ending balance (in shares) at Mar. 31, 2022						20,503,058	20,503,000	10	10
Ending balance at Mar. 31, 2022	$ 467,139	85,568	(1,625)	373,265	9,728		$ 203		$ 0
Beginning balance (in shares) at Sep. 30, 2021							20,840,000		10
Beginning balance at Sep. 30, 2021	408,456	112,094	(2,474)	290,496	8,133		$ 207		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	30,979			29,891	1,088
Stock based compensation, net of withholding taxes on vested equity awards (in shares)							101,000
Stock based compensation, net of withholding taxes on vested equity awards	54	53					$ 1
Issuance of equity for services (in shares)							1,000
Issuances of equity for services	948	948
Issuances of equity for exercise of stock options (in shares)							35,000
Issuances of equity for exercise of stock options	971	971
Repurchase and retirement of common stock (in shares)							(78,000)
Repurchase and retirement of common stock	(5,228)	(5,227)					$ (1)
Distributions to LLC Unit holders	(452)				(452)
Foreign currency translation adjustment	142		138		4
Ending balance (in shares) at Dec. 31, 2021							20,899,000		10
Ending balance at Dec. 31, 2021	435,870	108,839	(2,336)	320,387	8,773		$ 207		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	54,833			52,878	1,955
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	1,639	1,639
Issuances of equity for services	68	68
Repurchase and retirement of common stock (in shares)							(397,000)
Repurchase and retirement of common stock	(24,982)	(24,978)					$ (4)
Distributions to LLC Unit holders	(1,021)				(1,021)
Foreign currency translation adjustment	732		711		21
Ending balance (in shares) at Mar. 31, 2022						20,503,058	20,503,000	10	10
Ending balance at Mar. 31, 2022	$ 467,139	$ 85,568	$ (1,625)	$ 373,265	$ 9,728		$ 203		$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income	$ 113,745	$ 79,320
Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash compensation expense	4,547	4,060
Non-cash compensation to directors	768	627
Depreciation	14,379	11,215
Amortization	5,257	5,142
Deferred income taxes	5,782	6,032
Other items, net	947	1,434
Change in operating assets and liabilities (excluding effects of acquisition):
Trade receivables	726	(19,922)
Inventories	(44,986)	(34,453)
Prepaid expenses and other assets	(2,461)	(1,623)
Accounts payable	16,977	20,873
Income taxes payable	100	4,805
Accrued expenses	6,844	23,473
Other liabilities	(3,583)	(614)
Net cash provided by operating activities	119,042	100,369
Investing activities:
Purchases of property, plant and equipment	(40,070)	(19,117)
Payment for acquisition, net of cash acquired	(6,566)	(150,427)
Net cash used in investing activities	(46,636)	(169,544)
Financing activities:
Proceeds from long-term borrowings	0	25,000
Proceeds from revolving credit facility	0	65,000
Principal payments on long-term borrowings	(3,938)	(313)
Payments on revolving credit facility	(20,000)	(8,800)
Payment of deferred financing costs	0	(638)
Proceeds received from exercise of stock options	971	375
Cash paid for withholding taxes on vested restricted stock	(2,058)	(1,208)
Distributions to LLC Unit holders	(1,697)	(1,048)
Repurchase and retirement of common stock	(30,210)	0
Net cash (used in) provided by financing activities	(56,932)	78,368
Effect of exchange rate changes on cash	13	13
Changes in cash	15,487	9,206
Cash—Beginning of period	41,479	33,787
Cash—End of period	56,966	42,993
Supplemental cash flow information:
Cash paid for interest	1,544	1,433
Cash paid for income taxes	$ 27,007	$ 12,599

Organization, Basis of Presenta

Organization, Basis of Presentation, and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2022
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"). The LLC was formed in 2006. The LLC, through its wholly owned subsidiary, Malibu Boats, LLC, (“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. The Company sells its boats under eight brands -- Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt brands. The Company reports its results of operations under three reportable segments -- Malibu, Saltwater Fishing and Cobalt. 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 and subsidiaries for the year ended June 30, 2021, included in the Company's Annual Report on Form 10-K. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Units and shares are presented as whole numbers while all dollar amounts are presented in thousands, unless otherwise noted. 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 Acco unting Pronouncements In March 2020, the FASB issued Accounting Standards Update ("ASU") 2020-04, Reference Rate Reform (Topic 848): Facilitation of Effects of Reference Rate Reform on Financial Reporting, which provides practical expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The elective amendments provide expedients to contract modification, affected by reference rate reform if certain criteria are met. The expedients and exceptions provided by this guidance apply only to contracts, hedging relationships, and other transactions that reference the London interbank offered rate (“LIBOR”) or another reference rate expected to be discontinued as a result of reference rate reform. This guidance is not applicable to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022. The guidance can be applied immediately through December 31, 2022. The Company will adopt this standard when LIBOR is discontinued and does not expect a material impact to its financial condition, results of operations or disclosures based on the current debt portfolio and capital structure. 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, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following tables disaggregate the Company's revenue by major product type and geography: Three Months Ended March 31, 2022 Nine Months Ended March 31, 2022 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 174,377 $ 93,435 $ 71,213 $ 339,025 $ 418,339 $ 244,856 $ 183,713 $ 846,908 Part and other sales 4,443 224 595 5,262 12,186 771 1,806 14,763 Total revenue $ 178,820 $ 93,659 $ 71,808 $ 344,287 $ 430,525 $ 245,627 $ 185,519 $ 861,671 Revenue by geography: North America $ 165,499 $ 93,004 $ 70,172 $ 328,675 $ 383,991 $ 240,919 $ 176,612 $ 801,522 International 13,321 655 1,636 15,612 46,534 4,708 8,907 60,149 Total revenue $ 178,820 $ 93,659 $ 71,808 $ 344,287 $ 430,525 $ 245,627 $ 185,519 $ 861,671 Three Months Ended March 31, 2021 Nine Months Ended March 31, 2021 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 133,349 $ 79,510 $ 54,585 $ 267,444 $ 333,030 $ 155,336 $ 144,922 $ 633,288 Part and other sales 4,678 379 661 5,718 13,445 776 2,284 16,505 Total revenue $ 138,027 $ 79,889 $ 55,246 $ 273,162 $ 346,475 $ 156,112 $ 147,206 $ 649,793 Revenue by geography: North America $ 119,936 $ 76,429 $ 52,256 $ 248,621 $ 314,096 $ 149,020 $ 141,405 $ 604,521 International 18,091 3,460 2,990 24,541 32,379 7,092 5,801 45,272 Total revenue $ 138,027 $ 79,889 $ 55,246 $ 273,162 $ 346,475 $ 156,112 $ 147,206 $ 649,793 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. Parts 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, 2022
Noncontrolling Interest [Abstract]
Non-controlling Interest	Non-controlling InterestThe non-controlling interest on the unaudited interim condensed consolidated statements of operations and comprehensive income represents the portion of earnings or loss attributable to the economic interest in the Company's subsidiary, the 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 the LLC is summarized as follows: As of March 31, 2022 As of June 30, 2021 Units Ownership % Units Ownership % Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC 600,919 2.8 % 600,919 2.8 % Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC 20,503,058 97.2 20,847,019 97.2 21,103,977 100.0 % 21,447,938 100.0 % Issuance of Additional LLC Units Under the first amended and restated limited liability company 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, 2022, the Company caused the LLC to issue a total of 148,114 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 and (iv) the issuance of Class A Common Stock for the exercise of options granted under the Incentive Plan. During the nine months ended March 31, 2022, 16,932 LLC Units were canceled in connection with the vesting of share-based equity awards to satisfy employee tax withholding requirements and the retirement of 16,932 trea sury shares in accordance with the LLC Agreement. Also during the nine months ended March 31, 2022 , 475,143 LLC Units were redeemed and canceled by the LLC in connection with the purchase and retirement of 475,143 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), the 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, 2022 and June 30, 2021, tax distributions payable to non-controlling LLC Unit holders were $1,021 and $687, respectively. During the nine months ended March 31, 2022 and 2021, tax distributions paid to the non-controlling LLC Unit holders were $1,697 and $1,048, 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.

Acquisition of Maverick Boat Gr

Acquisition of Maverick Boat Group	9 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition of Maverick Boat Group	Acquisitions Acquisition of Certain Assets of AmTech, LLC and BTR, LLC On February 1, 2022, Malibu Electronics, LLC, a newly-formed, wholly-owned, direct subsidiary of Boats LLC, entered into an asset purchase agreement to acquire certain assets of AmTech, LLC, an Alabama limited liability company, and real property of BTR, LLC, an Alabama limited liability company. Boats LLC acquired the assets related to the manufacturing and distribution of wiring harnesses that had previously been sold by Amtech, LLC to Boats LLC and its subsidiaries. The acquisition continues the vertical integration strategy of the Company by acquiring its primary supplier of wiring harnesses for Malibu and Axis boats. The Company accounted for the transaction in accordance with ASC Topic 805, Business Combinations . Acquisition of Maverick Boat Group On December 31, 2020, the Company completed its acquisition of all the outstanding stock of Maverick Boat Group. The aggregate purchase price for the transaction was $150,675, funded with cash and borrowings under the Company's credit facilities. The aggregate purchase price was subject to certain adjustments, including customary adjustments for the amount of cash, indebtedness and working capital in the business at the closing date and subject to adjustment for certain capital expenditures made by Maverick Boat Group prior to closing at the Company’s request. The Company accounted for the transaction in accordance with ASC Topic 805, Business Combinations . The total consideration given to the stockholders of Maverick Boat Group 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 assumed at the acquisition date: Consideration: Cash consideration paid $ 150,675 Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value: Cash $ 248 Accounts receivable 3,204 Inventories 7,756 Other current assets 194 Property, plant and equipment 22,618 Identifiable intangible assets 102,600 Other assets 4,410 Current liabilities (6,611) Deferred tax liabilities (28,528) Other liabilities (4,405) Fair value of assets acquired and liabilities assumed 101,486 Goodwill 49,189 Total purchase price $ 150,675 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 $ 47,900 20 Total definite-lived intangibles 47,900 Indefinite-lived intangible: Trade name 54,700 Total other intangible assets $ 102,600 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 Maverick Boat Group'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 Maverick Boat Group's trade names 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 amortization 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 $49,189 arising from the acquisition consists of expected synergies and cost savings as well as intangible assets that do not qualify for separate recognition. Pro Forma Financial Information (unaudited): The following unaudited pro forma consolidated results of operations for the three and nine months ended March 31, 2022 and 2021, assumes that the acquisition of Maverick Boat Group occurred as of July 1, 2020. The unaudited interim pro forma financial information combines historical results of Malibu and Maverick Boat Group, with adjustments for interest on debt financing, depreciation and amortization attributable to 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 2021 or the results that may occur in the future: Three Months Ended March 31, Nine Months Ended March 31, 2022 2021 2022 2021 Net sales $ 344,287 $ 273,162 $ 861,671 $ 705,813 Net income 54,833 35,135 113,745 81,636 Net income attributable to Malibu Boats, Inc. 52,878 33,796 109,713 78,377 Basic earnings per share $ 2.54 $ 1.62 $ 5.26 $ 3.78 Diluted earnings per share $ 2.51 $ 1.61 $ 5.20 $ 3.74

Inventories

Inventories	9 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, net consisted of the following: As of March 31, 2022 As of June 30, 2021 Raw materials $ 131,608 $ 92,324 Work in progress 24,713 15,862 Finished goods 8,069 8,499 Total inventories $ 164,390 $ 116,685

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Mar. 31, 2022
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, 2022 As of June 30, 2021 Land $ 4,905 $ 4,600 Building and leasehold improvements 78,654 74,622 Machinery and equipment 77,592 66,792 Furniture and fixtures 10,211 9,600 Construction in process 45,876 22,005 217,238 177,619 Less: Accumulated depreciation (56,460) (44,706) Property, plant and equipment, net $ 160,778 $ 132,913

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the nine months ended March 31, 2022 were as follows: Malibu Saltwater Fishing Cobalt Consolidated Goodwill as of June 30, 2021 $ 12,528 $ 68,714 $ 19,791 $ 101,033 Addition related to the acquisition 329 — — 329 Effect of foreign currency changes on goodwill (15) — — (15) Goodwill as of March 31, 2022 $ 12,842 $ 68,714 $ 19,791 $ 101,347 The components of other intangible assets were as follows: As of March 31, 2022 As of June 30, 2021 Estimated Useful Life (in years) Weighted-Average Remaining Useful Life Definite-lived intangibles: Dealer relationships $ 131,997 $ 159,394 15 - 20 16.8 Patent 2,600 3,986 15 10.3 Trade name 100 24,667 15 8.2 Non-compete agreement 52 53 10 2.6 Total 134,749 188,100 Less: Accumulated amortization (22,849) (70,937) Total definite-lived intangible assets, net 111,900 117,163 Indefinite-lived intangible: Trade name 118,200 118,200 Total other intangible assets, net $ 230,100 $ 235,363 Amortization expense recognized on all amortizable intangibles was $1,682 and $2,094 for the three months ended March 31, 2022 and 2021, respectively, and $5,257 and $5,142 for the nine months ended March 31, 2022 and 2021, respectively. The estimated future amortization of definite-lived intangible assets is as follows: Fiscal years ending June 30: Amount Remainder of 2022 $ 1,702 2023 6,825 2024 6,825 2025 6,821 2026 6,820 2027 and thereafter 82,907 $ 111,900

Accrued Expenses

Accrued Expenses	9 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following: As of March 31, 2022 As of June 30, 2021 Warranties $ 37,692 $ 35,035 Dealer incentives 11,936 12,479 Accrued compensation 22,093 19,965 Current operating lease liabilities 2,101 2,027 Accrued legal and professional fees 1,670 1,440 Customer deposits 5,908 3,449 Other accrued expenses 2,533 2,784 Total accrued expenses $ 83,933 $ 77,179

Product Warranties

Product Warranties	9 Months Ended
	Mar. 31, 2022
Product Warranties Disclosures [Abstract]
Product Warranties	Product Warranties Malibu and Axis brand boats have a limited warranty for a period up to five years. Cobalt brand boats have (1) a structural warranty of up to ten years which covers the hull, deck joints, bulkheads, floor, transom, stringers, and motor mount and (2) a five year bow-to-stern warranty on all components manufactured or purchased (excluding hull and deck structural components), including canvas and upholstery. Gelcoat is covered up to three years for Cobalt and one year for Malibu and Axis. Pursuit brand boats have (1) a limited warranty for a period of up to five years on structural components such as the hull, deck and defects in the gelcoat surface of the hull bottom and (2) a bow-to-stern warranty of two years (excluding hull and deck structural components). Maverick, Pathfinder and Hewes brand boats have (1) a limited warranty for a period of up to five years on structural components such as the hull, deck and defects in the gelcoat surface of the hull bottom and (2) a bow-to-stern warranty of one year (excluding hull and deck structural components). Cobia brand boats have (1) a limited warranty for a period of up to ten years on structural components such as the hull, deck and defects in the gelcoat surface of the hull bottom and (2) a bow-to-stern warranty of three years (excluding hull and deck structural components). For each boat brand, there are certain materials, components or parts of the boat that are not covered by the Company’s warranty and certain components or parts that are separately warranted by the manufacturer or supplier (such as the engine). Engines that the Company manufactures for Malibu and Axis models have a limited warranty of up to five years or five-hundred hours. The Company’s standard warranties require it or its dealers to repair or replace defective products during the warranty period at no cost to the consumer. The Company estimates warranty costs it expects to incur and records a liability for such costs at the time the product revenue is recognized. The Company utilizes historical claims trends and analytical tools to develop the estimate of its warranty obligation on a per boat basis, by brand and warranty year. 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 and adjusts the amounts as necessary. Beginning in model year 2016, the Company increased the term of its limited warranty for Malibu brand boats from three years to five years and for Axis brand boats from two years to five years. Beginning in model year 2018, the Company increased the term of its bow-to-stern warranty for Cobalt brand boats from three years to five years. As a result of these changes, all of the Company’s Malibu, Axis and Cobalt brand boats with historical claims experience that are no longer covered under warranty had warranty terms shorter than the current warranty term of five years. Accordingly, the Company has little to no historical claims experience for warranty years four and five, and as such, these estimates give rise to a higher level of estimation uncertainty. Future warranty claims may differ from the Company’s estimate of the warranty liability, which could lead to changes in the Company’s warranty liability in future periods. 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, 2022 2021 2022 2021 Beginning balance $ 36,396 $ 31,046 $ 35,035 $ 27,500 Add: Warranty expense 5,472 4,700 15,180 14,346 Additions for acquisitions — — — 883 Less: Warranty claims paid (4,176) (3,475) (12,523) (10,458) Ending balance $ 37,692 $ 32,271 $ 37,692 $ 32,271

Financing

Financing	9 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Financing	Financing Outstanding debt consisted of the following: As of March 31, 2022 As of June 30, 2021 Term loans $ 95,438 $ 99,375 Revolving credit loan 25,000 45,000 Less unamortized debt issuance costs (657) (1,100) Total debt 119,781 143,275 Less current maturities 73,406 4,250 Long-term debt less current maturities $ 46,375 $ 139,025 Long-Term Debt As of March 31, 2022, the Company has a revolving credit facility with borrowing capacity of up to $170,000 and term loans with an aggregate principal amount of $95,438 outstanding. As of March 31, 2022, the Company had $25,000 outstanding under its revolving credit facility and $1,310 in outstanding letters of credit, with $143,690 available for borrowing. The revolving credit facility matures on July 1, 2024, a term loan made on December 30, 2020 in a principal amount of $25,000, of which $23,438 was outstanding as of March 31, 2022, (the “Incremental Term Loan”) matures on July 1, 2024 and term loans in a principal amount of $75,000, of which $72,000 was outstanding as of March 31, 2022 (the “Existing Term Loans,” and together with the Incremental Term Loans, the “Term Loans”), mature on July 1, 2022. On December 30, 2020, Boats LLC entered into the Third Amendment to its Credit Agreement. The Third Amendment added a $25,000 Incremental Term Loan facility with a maturity date of July 1, 2024 and increased the borrowing capacity of the revolving credit facility by $50,000 from $120,000 to $170,000. The Incremental Term Loan is subject to quarterly amortization at a rate of 5.0% per annum through December 31, 2022 and at a rate of 7.5% per annum through June 30, 2024 and accrues interest at the same interest rate applicable to other loans under the Credit Agreement as described below. 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 London Inter-bank Offered Rate ("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, 2022, the interest rate on the Company’s term loans and revolving credit facility was 1.70%. 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 Loans without any penalties. The Existing Term Loans required an amortization payment of approximately $3,000 on March 31, 2022 and the remaining balance of the Existing Term Loans is due on the scheduled maturity date of July 1, 2022, each reflected as current maturities of long-term obligations. The Incremental Term Loan of $25,000 is subject to quarterly amortization at a rate of 5.0% per year through December 31, 2022 and 7.5% per year through June 30, 2024, resulting in $1,406 being reflected as current maturities of long-term obligations with the balance of the Incremental Term Loan due on the scheduled maturity date of July 1, 2024. The Credit Agreement also requires 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. 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 $3,000 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 in fiscal year 2017, the Company capitalized $2,074 in deferred financing costs. In connection with Third Amendment entered into in December 2020, the Company capitalized $638 in deferred financing costs during the nine months ended March 31, 2021. 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 sheets. The Company used proceeds from an equity offering on August 24, 2017 to repay $50,000 on its Existing Term Loans 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. Covenant Compliance As of March 31, 2022, the Company was in compliance with the financial covenants contained in the Credit Agreement.

Leases

Leases	9 Months Ended
	Mar. 31, 2022
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. Leases with an initial term of 12 months or less are not recorded on the unaudited interim condensed consolidated balance sheets. 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. Other information concerning the Company's operating leases accounted for under ASC Topic 842, Leases is as follows: Classification As of March 31, 2022 As of June 30, 2021 Assets Right-of-use assets Other assets $ 11,209 $ 12,606 Liabilities Current operating lease liabilities Accrued expenses $ 2,101 $ 2,027 Long-term operating lease liabilities Other liabilities 10,659 12,198 Total lease liabilities $ 12,760 $ 14,225 Classification Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Nine Months Ended March 31, 2022 Nine Months Ended March 31, 2021 Operating lease costs (1) Cost of sales $ 690 $ 561 $ 1,953 $ 1,573 Selling and marketing, and general and administrative 214 217 645 639 Sublease income Other income, net 10 10 29 29 Cash paid for amounts included in the measurement of operating lease liabilities Cash flows from operating activities 631 661 1,890 1,970 (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 as of March 31, 2022 and 2021 was 5.74 years and 6.66 years, respectively. As of March 31, 2022 and 2021, the weighted-average discount rate determined based on the Company's incremental borrowing rate is 3.63%, respectively. Future annual minimum lease payments for the following fiscal years as of March 31, 2022 are as follows: Amount Remainder of 2022 $ 632 2023 2,549 2024 2,606 2025 2,312 2026 2,255 2027 and thereafter 3,760 Total 14,114 Less: imputed interest (1,354) Present value of lease liabilities $ 12,760

Tax Receivable Agreement Liabil

Tax Receivable Agreement Liability	9 Months Ended
	Mar. 31, 2022
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 the 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 450, Contingencies , since the contractual payment obligations were deemed to be probable and reasonably estimable. For purposes of the Tax Receivable Agreement, the benefit deemed realized by the Company is 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, 2022 As of June 30, 2021 Beginning fiscal year balance $ 48,214 $ 49,665 Additions (reductions) to tax receivable agreement: Exchange of LLC Units for Class A Common Stock — 2,142 Adjustment for change in estimated tax rate — (88) Payments under tax receivable agreement — (3,505) 48,214 48,214 Less: current portion under tax receivable agreement (3,773) (3,773) Ending balance $ 44,441 $ 44,441 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. 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.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company 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, 2022 and June 30, 2021, the Company maintained a total valuation allowance of $15,464 and $15,279, 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. These also include a valuation allowance in the amount of $580 related to foreign tax credit carryforward that is not expected to be utilized in the future. 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 as well as other adjustments to accruals for tax uncertainties, are recognized in the quarter in which the related event occurs. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. The CARES Act contains significant business tax provisions, including modifications to the rules limiting the deductibility of net operating losses (NOLs), expensing of qualified improvement property (QIP) and business interest in Internal Revenue Code Sections 172(a) and 163(j), respectively. The effects of the new legislation are recognized upon enactment. The Company did not recognize any significant impact to income tax expense for the nine months ended March 31, 2022 and 2021, respectively, relating to the CARES Act. For the three months ended March 31, 2022 and 2021, the Company's effective tax rate was 22.7% and 23.7%, respectively. For the nine months ended March 31, 2022 and 2021, the Company's effective tax rate was 22.3% and 23.0%, respectively. For the three and nine months ended March 31, 2022 and 2021, 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 in tax rate in both periods was partially offset by a windfall benefit generated by certain stock-based compensation, the benefits from 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, 2022
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, 2022, 506,634 shares remain available for future issuance under the long term incentive plan. On November 3, 2021, under the Incentive Plan, the Company granted approximately 32,000 restricted service-based stock units and 23,000 restricted service-based stock awards to key employees under the Incentive Plan. The grant date fair value of these awards was $4,149 based on a stock price of $74.25 per share on the date of grant. Approximately 58% of the awards vest ratably over three years and approximately 42% of the awards vest ratably over four years. 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 3, 2021, under the Incentive Plan, the Company granted to key employees a target amount of approximately 18,000 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, 2024. The maximum number of shares that can be issued if an elevated earnings target is met is approximately 26,000. The grant date fair value of the awards was estimated to be $1,305, based on a stock price of $74.25. 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 3, 2021, under the Incentive Plan, the Company granted to key employees a target amount of approximately 18,000 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 3, 2024. The maximum number of shares that can be issued if an elevated TSR target is met is approximately 35,000. The grant date fair value of the awards were estimated to be $1,688, 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, 2022: Shares Weighted-Average Exercise Price/Share Total outstanding options as of June 30, 2021 161,723 $ 32.64 Options granted — — Options exercised (34,625) 28.04 Outstanding options as of March 31, 2022 127,098 33.89 Exercisable as of March 31, 2022 109,605 $ 32.79 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, 2022: 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, 2021 314,916 $ 44.46 Granted 136,630 74.51 Vested (99,299) 44.67 Forfeited (8,863) 55.90 Total Non-vested Restricted Stock Units and Restricted Stock Awards as of March 31, 2022 343,384 $ 56.06 Stock compensation expense attributable to the Company's share-based equity awards was $1,691 and $1,449 for the three months ended March 31, 2022 and 2021, respectively, and $4,547 and $4,060 for the nine months ended March 31, 2022 and 2021. Stock compensation expense attributed to share-based equity awards issued und

Net Earnings Per Share

Net Earnings Per Share	9 Months Ended
	Mar. 31, 2022
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, 2022 2021 2022 2021 Basic: Net income attributable to Malibu Boats, Inc. $ 52,878 $ 33,796 $ 109,713 $ 76,114 Shares used in computing basic net income per share: Weighted-average Class A Common Stock 20,535,856 20,571,601 20,607,085 20,499,949 Weighted-average participating restricted stock units convertible into Class A Common Stock 241,656 227,804 235,955 222,390 Basic weighted-average shares outstanding 20,777,512 20,799,405 20,843,040 20,722,339 Basic net income per share $ 2.54 $ 1.62 $ 5.26 $ 3.67 Diluted: Net income attributable to Malibu Boats, Inc. $ 52,878 $ 33,796 $ 109,713 $ 76,114 Shares used in computing diluted net income per share: Basic weighted-average shares outstanding 20,777,512 20,799,405 20,843,040 20,722,339 Restricted stock units granted to employees 80,475 97,376 114,746 90,592 Stock options granted to employees 57,836 69,613 72,666 61,030 Market performance awards granted to employees 67,050 65,966 67,050 65,966 Diluted weighted-average shares outstanding 1 20,982,873 21,032,360 21,097,502 20,939,927 Diluted net income per share $ 2.51 $ 1.61 $ 5.20 $ 3.63 1 The Company excluded (i) 660,113 and 603,919 potentially dilutive shares from the calculation of diluted net income per share for the three months ended March 31, 2022 and 2021, respectively, and (ii) 660,113 and 622,306 potentially dilutive shares from the calculation of diluted net income per share for the nine months ended March 31, 2022 and 2021, 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, therefore, are not included in the calculation. Accordingly, basic and diluted net earnings per share of Class B Common Stock have not been presented.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Mar. 31, 2022
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 sheets. 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 $229,817 and $79,599 as of March 31, 2022 and June 30, 2021, 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. During the three and nine months ended March 31, 2022, there were no repurchases and as of March 31, 2022, the Company has not been notified about any probable repossessions. Therefore, the Company did not carry a reserve for repurchases as of March 31, 2022 consistent with June 30, 2021. 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 sheets. As of March 31, 2022, the Company had no financing receivables and at June 30, 2021, the Company had $95 recorded in other current assets and accrued expenses related to these arrangements. Contingencies Product Liability The Company is engaged in a business that exposes it to claims for product liability and warranty claims in the event the Company’s products actually or allegedly fail to perform as expected or the use of the Company’s products results, or is alleged to result, in property damage, personal injury or death. Although the Company maintains product and general liability insurance of the types and in the amounts that the Company believes are customary for the industry, the Company is not fully insured against all such potential claims. The Company may have the ability to refer claims to its suppliers and their insurers to pay the costs associated with any claims arising from the suppliers’ products. The Company’s insurance covers such claims that are not adequately covered by a supplier’s insurance and provides for excess secondary coverage above the limits provided by the Company’s suppliers. The Company may experience legal claims in excess of its insurance coverage or claims that are not covered by insurance, either of which could adversely affect its business, financial condition and results of operations. Adverse determination of material product liability and warranty claims made against the Company could have a material adverse effect on its financial condition and harm its reputation. In addition, if any of the Company's products are, or are alleged to be, defective, the Company may be required to participate in a recall of that product if the defect or alleged defect relates to safety. These and other claims that the Company faces could be costly to the Company and require substantial management attention. Refer to Note 9 Litigation 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, management does not believe there are any pending claims (asserted or unasserted) that would have a material adverse impact on the Company's results of operations at March 31, 2022. Legal Proceedings Batchelder Matters The Company and its indirect subsidiary Boats LLC are defendants in the product liability case Batchelder et al. v. Malibu Boats, LLC, f/k/a Malibu Boats, Inc.; Malibu Boats West, Inc., et. al., Superior Court of Rabun County, Georgia, Civil Action Case No. 2016-CV-0114-C (the "Batchelder I Matter"), brought by, among others, Stephan Paul Batchelder and Margaret Mary Batchelder as Administrators of the Estate of Ryan Paul Batchelder, deceased (“Batchelder I Plaintiffs”). The Batchelder I Plaintiffs also sued the manufacturer of the boat at issue in the case, Malibu Boats West, Inc. (“West”). West is not, and has never been, a subsidiary of the Company but was a separate legal entity whose assets were purchased by Boats LLC in 2006. The case involves a personal injury accident in 2014 involving a 2000 model year boat that was manufactured by West. On August 28, 2021, the jury rejected the Batchelder I Plaintiffs’ design defect claims and found that the driver of the boat was 75% at fault for the accident. Notwithstanding those findings, the jury found that Boats LLC and West negligently failed to warn of a hazard posed by the relevant boat and that such failure was a proximate cause of the death of the decedent. The jury also found that Boats LLC is a legal successor of, and responsible for the liabilities of, West. The jury awarded compensatory damages of $80 million and apportioned 15% of such damages to Boats LLC and 10% of such damages to West. In addition, the jury awarded $80 million of punitive damages against Boats LLC and $40 million of punitive damages against West. Based on the jury’s finding of successor liability, which Boats LLC contends is erroneous, the trial court entered judgment against West and Boats LLC, with a potential maximum liability to Boats LLC of $140 million, plus post-judgment interest. The Batchelder I Plaintiffs also filed motions, after the judgment, seeking orders requiring Boats LLC to pay pre-judgment interest and a portion of their attorney fees. The Company opposed both motions, arguing that the Batchelder I Plaintiffs have no right either to pre-judgment interest or to reimbursement of their attorneys’ fees, and in the alternative that the amount of attorneys’ fees sought was unreasonable. The trial court denied the Batchelder I Plaintiffs’ motion for prejudgment interest and held that ruling on the Batchelder I Plaintiffs’ motion for attorneys’ fees would be premature, indicating that it would decide whether the Batchelder I Plaintiffs have the right to attorneys’ fees, and if so what amount is reasonable, if still necessary upon the resolution of the Company’s post-trial motions and any related appeals. The Company has filed post-trial motions with the trial judge, and it intends to appeal in the event that its post-trial motions are unsuccessful. Pending resolution of the post-trial and appeals process, the payment of any damages in this matter is expected to be stayed. Based on the current status of the process, the Company believes a loss is reasonably possible and that the potential range of loss could be from $0 to $140 million, plus post-judgment interest. As noted above, the trial court has postponed any ruling on the Batchelder I Plaintiffs' contested motion for a portion of their attorney fees pending the resolution of the Company's post-trial motions and any related appeals. While the Company and Boats LLC maintain product liability insurance applicable to this case, such insurance coverage may be limited to $26 million. The Company did not carry a reserve for loss as of March 31, 2022. The Company is also a defendant in a related product liability case, Stephan Paul Batchelder and Margaret Mary Batchelder, as Natural Guardians of Josh Patrick Batchelder, a minor; Darin Batchelder, individually, and as Natural Guardian of Zach Batchelder, a minor; and Kayla Batchelder (the “Batchelder II Plaintiffs”) v. Malibu Boats, LLC v. Dennis Michael Ficarra; State Court of Rabun County, Civil Action File No. 2022-CV-0034. The complaint was filed on February 9, 2022 as a purported renewal of earlier claims by the Batchelder II Plaintiffs that were dismissed without prejudice. The case involves claims by the Batchelder II Plaintiffs of their own alleged bodily injury and emotional distress stemming from the same accident involving the alleged swamping of the boat manufactured and sold by West that is the subject of the Batchelder I Matter. As noted above, West is not, and has never been, a subsidiary of the Company but was a separate legal entity whose assets were purchased by the Company in 2006. Four Batchelder II Plaintiffs (including three children) seek damages for personal injury and punitive damages, alleging that the accident was caused by a design defect and a failure to warn. The Batchelder II Plaintiffs were all dismissed without prejudice from the Batchelder I Matter shortly before the trial for the Batchelder I Matter, however, and thus the new complaint is a renewal action of the original complaint. The Company believes that the allegations in this case are unfounded and denies that there was a design defect or a duty to warn, that the Batchelder II Plaintiffs suffered the alleged injuries, or that any defect in the boat or failure to warn was a legal cause of the alleged injuries. The Company also contends that the incident was caused by the negligence of the driver of the boat and has filed a Third-Party Complaint against the driver, Dennis Ficarra, based on his negligence. The Company is unable to provide any reasonable evaluation of the likelihood that a loss will be incurred or any reasonable estimate of the range of possible loss. The Company maintains product liability insurance that is applicable to this case.

Segment Reporting

Segment Reporting	9 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company has three reportable segments, Malibu, Saltwater Fishing and Cobalt. The Malibu segment participates in the manufacturing, distribution, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Saltwater Fishing segment participates in the manufacturing, distribution, marketing and sale throughout the world of Pursuit boats and the Maverick Boat Group brand boats (Maverick, Cobia, Pathfinder and Hewes). The Cobalt segment participates in the manufacturing, distribution, marketing and sale of Cobalt boats throughout the world. There is no country outside of the United States from which we (a) derived net sales equal to 10% of total net sales, or (b) attributed assets equal to 10% of total assets. Net sales are attributed to countries based on the location of the dealer. The following tables present financial information for the Company’s reportable segments for the three and nine months ended March 31, 2022 and 2021, respectively, and the Company’s financial position at March 31, 2022 and June 30, 2021, respectively: Three Months Ended March 31, 2022 Nine Months Ended March 31, 2022 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Total Net sales $ 178,820 $ 93,659 $ 71,808 $ 344,287 $ 430,525 $ 245,627 $ 185,519 $ 861,671 Income before provision for income taxes $ 47,566 $ 13,189 $ 10,142 $ 70,897 $ 96,343 $ 25,529 $ 24,583 $ 146,455 Three Months Ended March 31, 2021 Nine Months Ended March 31, 2021 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Total Net sales $ 138,027 $ 79,889 $ 55,246 $ 273,162 $ 346,475 $ 156,112 $ 147,206 $ 649,793 Income before provision for income taxes $ 27,631 $ 11,072 $ 7,373 $ 46,076 $ 62,758 $ 22,880 $ 17,338 $ 102,976 As of March 31, 2022 As of June 30, 2021 Assets Malibu $ 276,678 $ 211,510 Saltwater Fishing 371,339 360,481 Cobalt 175,943 170,793 Total assets $ 823,960 $ 742,784

Organization, Basis of Presen_2

Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2022
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 and subsidiaries for the year ended June 30, 2021, included in the Company's Annual Report on Form 10-K. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Units and shares are presented as whole numbers while all dollar amounts are presented in thousands, unless otherwise noted.
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 Acco unting Pronouncements In March 2020, the FASB issued Accounting Standards Update ("ASU") 2020-04, Reference Rate Reform (Topic 848): Facilitation of Effects of Reference Rate Reform on Financial Reporting, which provides practical expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The elective amendments provide expedients to contract modification, affected by reference rate reform if certain criteria are met. The expedients and exceptions provided by this guidance apply only to contracts, hedging relationships, and other transactions that reference the London interbank offered rate (“LIBOR”) or another reference rate expected to be discontinued as a result of reference rate reform. This guidance is not applicable to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022. The guidance can be applied immediately through December 31, 2022. The Company will adopt this standard when LIBOR is discontinued and does not expect a material impact to its financial condition, results of operations or disclosures based on the current debt portfolio and capital structure. 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, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company's revenue by major product type and geography: Three Months Ended March 31, 2022 Nine Months Ended March 31, 2022 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 174,377 $ 93,435 $ 71,213 $ 339,025 $ 418,339 $ 244,856 $ 183,713 $ 846,908 Part and other sales 4,443 224 595 5,262 12,186 771 1,806 14,763 Total revenue $ 178,820 $ 93,659 $ 71,808 $ 344,287 $ 430,525 $ 245,627 $ 185,519 $ 861,671 Revenue by geography: North America $ 165,499 $ 93,004 $ 70,172 $ 328,675 $ 383,991 $ 240,919 $ 176,612 $ 801,522 International 13,321 655 1,636 15,612 46,534 4,708 8,907 60,149 Total revenue $ 178,820 $ 93,659 $ 71,808 $ 344,287 $ 430,525 $ 245,627 $ 185,519 $ 861,671 Three Months Ended March 31, 2021 Nine Months Ended March 31, 2021 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 133,349 $ 79,510 $ 54,585 $ 267,444 $ 333,030 $ 155,336 $ 144,922 $ 633,288 Part and other sales 4,678 379 661 5,718 13,445 776 2,284 16,505 Total revenue $ 138,027 $ 79,889 $ 55,246 $ 273,162 $ 346,475 $ 156,112 $ 147,206 $ 649,793 Revenue by geography: North America $ 119,936 $ 76,429 $ 52,256 $ 248,621 $ 314,096 $ 149,020 $ 141,405 $ 604,521 International 18,091 3,460 2,990 24,541 32,379 7,092 5,801 45,272 Total revenue $ 138,027 $ 79,889 $ 55,246 $ 273,162 $ 346,475 $ 156,112 $ 147,206 $ 649,793

Non-controlling Interest (Table

Non-controlling Interest (Tables)	9 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Non-controlling Interest	The ownership of the LLC is summarized as follows: As of March 31, 2022 As of June 30, 2021 Units Ownership % Units Ownership % Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC 600,919 2.8 % 600,919 2.8 % Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC 20,503,058 97.2 20,847,019 97.2 21,103,977 100.0 % 21,447,938 100.0 %

Acquisition of Maverick Boat _2

Acquisition of Maverick Boat Group (Tables)	9 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the purchase price allocation based on the estimated fair values of the assets acquired and liabilities assumed at the acquisition date: Consideration: Cash consideration paid $ 150,675 Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value: Cash $ 248 Accounts receivable 3,204 Inventories 7,756 Other current assets 194 Property, plant and equipment 22,618 Identifiable intangible assets 102,600 Other assets 4,410 Current liabilities (6,611) Deferred tax liabilities (28,528) Other liabilities (4,405) Fair value of assets acquired and liabilities assumed 101,486 Goodwill 49,189 Total purchase price $ 150,675
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 $ 47,900 20 Total definite-lived intangibles 47,900 Indefinite-lived intangible: Trade name 54,700 Total other intangible assets $ 102,600
Business Acquisition, Pro Forma Information	The following unaudited pro forma consolidated results of operations for the three and nine months ended March 31, 2022 and 2021, assumes that the acquisition of Maverick Boat Group occurred as of July 1, 2020. The unaudited interim pro forma financial information combines historical results of Malibu and Maverick Boat Group, with adjustments for interest on debt financing, depreciation and amortization attributable to 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 2021 or the results that may occur in the future: Three Months Ended March 31, Nine Months Ended March 31, 2022 2021 2022 2021 Net sales $ 344,287 $ 273,162 $ 861,671 $ 705,813 Net income 54,833 35,135 113,745 81,636 Net income attributable to Malibu Boats, Inc. 52,878 33,796 109,713 78,377 Basic earnings per share $ 2.54 $ 1.62 $ 5.26 $ 3.78 Diluted earnings per share $ 2.51 $ 1.61 $ 5.20 $ 3.74

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories, net consisted of the following: As of March 31, 2022 As of June 30, 2021 Raw materials $ 131,608 $ 92,324 Work in progress 24,713 15,862 Finished goods 8,069 8,499 Total inventories $ 164,390 $ 116,685

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net consisted of the following: As of March 31, 2022 As of June 30, 2021 Land $ 4,905 $ 4,600 Building and leasehold improvements 78,654 74,622 Machinery and equipment 77,592 66,792 Furniture and fixtures 10,211 9,600 Construction in process 45,876 22,005 217,238 177,619 Less: Accumulated depreciation (56,460) (44,706) Property, plant and equipment, net $ 160,778 $ 132,913

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the nine months ended March 31, 2022 were as follows: Malibu Saltwater Fishing Cobalt Consolidated Goodwill as of June 30, 2021 $ 12,528 $ 68,714 $ 19,791 $ 101,033 Addition related to the acquisition 329 — — 329 Effect of foreign currency changes on goodwill (15) — — (15) Goodwill as of March 31, 2022 $ 12,842 $ 68,714 $ 19,791 $ 101,347
Schedule of Other Intangible Assets	The components of other intangible assets were as follows: As of March 31, 2022 As of June 30, 2021 Estimated Useful Life (in years) Weighted-Average Remaining Useful Life Definite-lived intangibles: Dealer relationships $ 131,997 $ 159,394 15 - 20 16.8 Patent 2,600 3,986 15 10.3 Trade name 100 24,667 15 8.2 Non-compete agreement 52 53 10 2.6 Total 134,749 188,100 Less: Accumulated amortization (22,849) (70,937) Total definite-lived intangible assets, net 111,900 117,163 Indefinite-lived intangible: Trade name 118,200 118,200 Total other intangible assets, net $ 230,100 $ 235,363
Schedule Future Amortization	The estimated future amortization of definite-lived intangible assets is as follows: Fiscal years ending June 30: Amount Remainder of 2022 $ 1,702 2023 6,825 2024 6,825 2025 6,821 2026 6,820 2027 and thereafter 82,907 $ 111,900

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following: As of March 31, 2022 As of June 30, 2021 Warranties $ 37,692 $ 35,035 Dealer incentives 11,936 12,479 Accrued compensation 22,093 19,965 Current operating lease liabilities 2,101 2,027 Accrued legal and professional fees 1,670 1,440 Customer deposits 5,908 3,449 Other accrued expenses 2,533 2,784 Total accrued expenses $ 83,933 $ 77,179

Product Warranties (Tables)

Product Warranties (Tables)	9 Months Ended
	Mar. 31, 2022
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, 2022 2021 2022 2021 Beginning balance $ 36,396 $ 31,046 $ 35,035 $ 27,500 Add: Warranty expense 5,472 4,700 15,180 14,346 Additions for acquisitions — — — 883 Less: Warranty claims paid (4,176) (3,475) (12,523) (10,458) Ending balance $ 37,692 $ 32,271 $ 37,692 $ 32,271

Financing (Tables)

Financing (Tables)	9 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Outstanding debt consisted of the following: As of March 31, 2022 As of June 30, 2021 Term loans $ 95,438 $ 99,375 Revolving credit loan 25,000 45,000 Less unamortized debt issuance costs (657) (1,100) Total debt 119,781 143,275 Less current maturities 73,406 4,250 Long-term debt less current maturities $ 46,375 $ 139,025

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Lease, Cost	Classification Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Nine Months Ended March 31, 2022 Nine Months Ended March 31, 2021 Operating lease costs (1) Cost of sales $ 690 $ 561 $ 1,953 $ 1,573 Selling and marketing, and general and administrative 214 217 645 639 Sublease income Other income, net 10 10 29 29 Cash paid for amounts included in the measurement of operating lease liabilities Cash flows from operating activities 631 661 1,890 1,970 (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, 2022 are as follows: Amount Remainder of 2022 $ 632 2023 2,549 2024 2,606 2025 2,312 2026 2,255 2027 and thereafter 3,760 Total 14,114 Less: imputed interest (1,354) Present value of lease liabilities $ 12,760
Schedule of Assets And Liabilities, Lessee	Other information concerning the Company's operating leases accounted for under ASC Topic 842, Leases is as follows: Classification As of March 31, 2022 As of June 30, 2021 Assets Right-of-use assets Other assets $ 11,209 $ 12,606 Liabilities Current operating lease liabilities Accrued expenses $ 2,101 $ 2,027 Long-term operating lease liabilities Other liabilities 10,659 12,198 Total lease liabilities $ 12,760 $ 14,225

Tax Receivable Agreement Liab_2

Tax Receivable Agreement Liability (Tables)	9 Months Ended
	Mar. 31, 2022
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, 2022 As of June 30, 2021 Beginning fiscal year balance $ 48,214 $ 49,665 Additions (reductions) to tax receivable agreement: Exchange of LLC Units for Class A Common Stock — 2,142 Adjustment for change in estimated tax rate — (88) Payments under tax receivable agreement — (3,505) 48,214 48,214 Less: current portion under tax receivable agreement (3,773) (3,773) Ending balance $ 44,441 $ 44,441

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2022
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, 2022: Shares Weighted-Average Exercise Price/Share Total outstanding options as of June 30, 2021 161,723 $ 32.64 Options granted — — Options exercised (34,625) 28.04 Outstanding options as of March 31, 2022 127,098 33.89 Exercisable as of March 31, 2022 109,605 $ 32.79
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, 2022: 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, 2021 314,916 $ 44.46 Granted 136,630 74.51 Vested (99,299) 44.67 Forfeited (8,863) 55.90 Total Non-vested Restricted Stock Units and Restricted Stock Awards as of March 31, 2022 343,384 $ 56.06

Net Earnings Per Share (Tables)

Net Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2022
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, 2022 2021 2022 2021 Basic: Net income attributable to Malibu Boats, Inc. $ 52,878 $ 33,796 $ 109,713 $ 76,114 Shares used in computing basic net income per share: Weighted-average Class A Common Stock 20,535,856 20,571,601 20,607,085 20,499,949 Weighted-average participating restricted stock units convertible into Class A Common Stock 241,656 227,804 235,955 222,390 Basic weighted-average shares outstanding 20,777,512 20,799,405 20,843,040 20,722,339 Basic net income per share $ 2.54 $ 1.62 $ 5.26 $ 3.67 Diluted: Net income attributable to Malibu Boats, Inc. $ 52,878 $ 33,796 $ 109,713 $ 76,114 Shares used in computing diluted net income per share: Basic weighted-average shares outstanding 20,777,512 20,799,405 20,843,040 20,722,339 Restricted stock units granted to employees 80,475 97,376 114,746 90,592 Stock options granted to employees 57,836 69,613 72,666 61,030 Market performance awards granted to employees 67,050 65,966 67,050 65,966 Diluted weighted-average shares outstanding 1 20,982,873 21,032,360 21,097,502 20,939,927 Diluted net income per share $ 2.51 $ 1.61 $ 5.20 $ 3.63 1 The Company excluded (i) 660,113 and 603,919 potentially dilutive shares from the calculation of diluted net income per share for the three months ended March 31, 2022 and 2021, respectively, and (ii) 660,113 and 622,306 potentially dilutive shares from the calculation of diluted net income per share for the nine months ended March 31, 2022 and 2021, respectively, as these units would have been antidilutive.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Mar. 31, 2022
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, 2022 and 2021, respectively, and the Company’s financial position at March 31, 2022 and June 30, 2021, respectively: Three Months Ended March 31, 2022 Nine Months Ended March 31, 2022 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Total Net sales $ 178,820 $ 93,659 $ 71,808 $ 344,287 $ 430,525 $ 245,627 $ 185,519 $ 861,671 Income before provision for income taxes $ 47,566 $ 13,189 $ 10,142 $ 70,897 $ 96,343 $ 25,529 $ 24,583 $ 146,455 Three Months Ended March 31, 2021 Nine Months Ended March 31, 2021 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Total Net sales $ 138,027 $ 79,889 $ 55,246 $ 273,162 $ 346,475 $ 156,112 $ 147,206 $ 649,793 Income before provision for income taxes $ 27,631 $ 11,072 $ 7,373 $ 46,076 $ 62,758 $ 22,880 $ 17,338 $ 102,976 As of March 31, 2022 As of June 30, 2021 Assets Malibu $ 276,678 $ 211,510 Saltwater Fishing 371,339 360,481 Cobalt 175,943 170,793 Total assets $ 823,960 $ 742,784

Organization, Basis of Presen_3

Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Details)	3 Months Ended	9 Months Ended
	Mar. 31, 2022segment	Mar. 31, 2022segmentbrand
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of brands | brand		8
Number of reportable segments | segment	3	3

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 344,287	$ 273,162	$ 861,671	$ 649,793
North America
Disaggregation of Revenue [Line Items]
Net sales	328,675	248,621	801,522	604,521
International
Disaggregation of Revenue [Line Items]
Net sales	15,612	24,541	60,149	45,272
Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	339,025	267,444	846,908	633,288
Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	5,262	5,718	14,763	16,505
Malibu
Disaggregation of Revenue [Line Items]
Net sales	178,820	138,027	430,525	346,475
Malibu | North America
Disaggregation of Revenue [Line Items]
Net sales	165,499	119,936	383,991	314,096
Malibu | International
Disaggregation of Revenue [Line Items]
Net sales	13,321	18,091	46,534	32,379
Malibu | Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	174,377	133,349	418,339	333,030
Malibu | Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	4,443	4,678	12,186	13,445
Saltwater Fishing
Disaggregation of Revenue [Line Items]
Net sales	93,659	79,889	245,627	156,112
Saltwater Fishing | North America
Disaggregation of Revenue [Line Items]
Net sales	93,004	76,429	240,919	149,020
Saltwater Fishing | International
Disaggregation of Revenue [Line Items]
Net sales	655	3,460	4,708	7,092
Saltwater Fishing | Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	93,435	79,510	244,856	155,336
Saltwater Fishing | Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	224	379	771	776
Cobalt
Disaggregation of Revenue [Line Items]
Net sales	71,808	55,246	185,519	147,206
Cobalt | North America
Disaggregation of Revenue [Line Items]
Net sales	70,172	52,256	176,612	141,405
Cobalt | International
Disaggregation of Revenue [Line Items]
Net sales	1,636	2,990	8,907	5,801
Cobalt | Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	71,213	54,585	183,713	144,922
Cobalt | Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	$ 595	$ 661	$ 1,806	$ 2,284

Non-controlling Interest - Owne

Non-controlling Interest - Ownership (Details) - shares	Mar. 31, 2022	Jun. 30, 2021
Class of Stock [Line Items]
Units (in shares)	21,103,977	21,447,938
Malibu Boats Holdings LLC
Class of Stock [Line Items]
Ownership %	100.00%	100.00%
Non-controlling Interest in LLC
Class of Stock [Line Items]
Units (in shares)	600,919	600,919
Non-controlling Interest in LLC | Malibu Boats Holdings LLC
Class of Stock [Line Items]
Ownership %	2.80%	2.80%
Parent
Class of Stock [Line Items]
Units (in shares)	20,503,058	20,847,019
Parent | Malibu Boats Holdings LLC
Class of Stock [Line Items]
Ownership %	97.20%	97.20%

Non-controlling Interest - Narr

Non-controlling Interest - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Repurchase Agreements
Noncontrolling Interest [Line Items]
Repurchase and retirement of common stock (in shares)	475,143
Non-controlling Interest in LLC
Noncontrolling Interest [Line Items]
Tax distributions payable to non-controlling LLC Unit holders	$ 1,021		$ 687
Tax distributions paid to non-controlling LLC Unit holders	$ 1,697	$ 1,048
Treasury Stock, Common
Noncontrolling Interest [Line Items]
Common units, canceled (in shares)	16,932
Treasury Stock, Shares, Retired	16,932
Class A Common Stock
Noncontrolling Interest [Line Items]
Shares issued during period (in shares)	148,114

Acquisition of Maverick Boat _3

Acquisition of Maverick Boat Group - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Mar. 31, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Goodwill		$ 101,347	$ 101,033
Maverick Boat Group, Inc.
Business Acquisition [Line Items]
Total purchase price	$ 150,675
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years
Goodwill	$ 49,189
Maverick Boat Group, Inc. | Dealer relationships
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years

Acquisition of Maverick Boat _4

Acquisition of Maverick Boat Group - Purchase Price Allocation by Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Mar. 31, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Goodwill		$ 101,347	$ 101,033
Maverick Boat Group, Inc.
Business Acquisition [Line Items]
Cash consideration paid	$ 150,675
Cash	248
Accounts receivable	3,204
Inventories	7,756
Other current assets	194
Property, plant and equipment	22,618
Identifiable intangible assets	102,600
Other assets	4,410
Current liabilities	(6,611)
Deferred tax liabilities	(28,528)
Other liabilities	(4,405)
Fair value of assets acquired and liabilities assumed	101,486
Goodwill	49,189
Total purchase price	$ 150,675

Acquisition of Maverick Boat _5

Acquisition of Maverick Boat Group - Fair Value of Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Mar. 31, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Other intangible assets, net		$ 230,100	$ 235,363
Maverick Boat Group, Inc.
Business Acquisition [Line Items]
Definite-lived intangibles	$ 47,900
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years
Other intangible assets, net	$ 102,600
Maverick Boat Group, Inc. | Trade name
Business Acquisition [Line Items]
Indefinite-lived intangible assets	54,700
Maverick Boat Group, Inc. | Dealer relationships
Business Acquisition [Line Items]
Definite-lived intangibles	$ 47,900
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years

Acquisition of Maverick Boat _6

Acquisition of Maverick Boat Group - Pro Forma Information (Details) - Maverick Boat Group, Inc. - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition [Line Items]
Net sales	$ 344,287	$ 273,162	$ 861,671	$ 705,813
Net income	54,833	35,135	113,745	81,636
Net income attributable to Malibu Boats, Inc.	$ 52,878	$ 33,796	$ 109,713	$ 78,377
Basic earnings per share (in USD per share)	$ 2.54	$ 1.62	$ 5.26	$ 3.78
Diluted earnings per share (in USD per share)	$ 2.51	$ 1.61	$ 5.20	$ 3.74

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 131,608	$ 92,324
Work in progress	24,713	15,862
Finished goods	8,069	8,499
Total inventories	$ 164,390	$ 116,685

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 217,238		$ 217,238		$ 177,619
Less: Accumulated depreciation	(56,460)		(56,460)		(44,706)
Property, plant and equipment, net	160,778		160,778		132,913
Depreciation expense	4,848	$ 4,130	14,379	$ 11,215
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,905		4,905		4,600
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	78,654		78,654		74,622
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	77,592		77,592		66,792
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,211		10,211		9,600
Construction in process
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 45,876		$ 45,876		$ 22,005

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1,682	$ 2,094	$ 5,257	$ 5,142

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2022USD ($)
Goodwill [Roll Forward]
Goodwill as of June 30, 2021	$ 101,033
Addition related to the acquisition	329
Effect of foreign currency changes on goodwill	(15)
Goodwill as of March 31, 2022	101,347
Malibu
Goodwill [Roll Forward]
Goodwill as of June 30, 2021	12,528
Addition related to the acquisition	329
Effect of foreign currency changes on goodwill	(15)
Goodwill as of March 31, 2022	12,842
Saltwater Fishing
Goodwill [Roll Forward]
Goodwill as of June 30, 2021	68,714
Addition related to the acquisition	0
Effect of foreign currency changes on goodwill	0
Goodwill as of March 31, 2022	68,714
Cobalt
Goodwill [Roll Forward]
Goodwill as of June 30, 2021	19,791
Addition related to the acquisition	0
Effect of foreign currency changes on goodwill	0
Goodwill as of March 31, 2022	$ 19,791

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Goodwill [Line Items]
Gross carrying amount	$ 134,749	$ 188,100
Less: Accumulated amortization	(22,849)	(70,937)
Total definite-lived intangible assets, net	111,900	117,163
Other intangible assets, net	230,100	235,363
Trade name
Goodwill [Line Items]
Trade name	118,200	118,200
Dealer relationships
Goodwill [Line Items]
Gross carrying amount	$ 131,997	159,394
Weighted-Average Remaining Useful Life (in years)	16 years 9 months 18 days
Dealer relationships | Minimum
Goodwill [Line Items]
Estimated Useful Life (in years)	15 years
Dealer relationships | Maximum
Goodwill [Line Items]
Estimated Useful Life (in years)	20 years
Patent
Goodwill [Line Items]
Gross carrying amount	$ 2,600	3,986
Weighted-Average Remaining Useful Life (in years)	10 years 3 months 18 days
Patent | Maximum
Goodwill [Line Items]
Estimated Useful Life (in years)	15 years
Trade name
Goodwill [Line Items]
Gross carrying amount	$ 100	24,667
Estimated Useful Life (in years)	15 years
Weighted-Average Remaining Useful Life (in years)	8 years 2 months 12 days
Non-compete agreement
Goodwill [Line Items]
Gross carrying amount	$ 52	$ 53
Estimated Useful Life (in years)	10 years
Weighted-Average Remaining Useful Life (in years)	2 years 7 months 6 days

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 1,702
2023	6,825
2024	6,825
2025	6,821
2026	6,820
2027 and thereafter	82,907
Total definite-lived intangible assets, net	$ 111,900	$ 117,163

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Payables and Accruals [Abstract]
Warranties	$ 37,692	$ 35,035
Dealer incentives	11,936	12,479
Accrued compensation	22,093	19,965
Current operating lease liabilities	2,101	2,027
Accrued legal and professional fees	1,670	1,440
Customer deposits	5,908	3,449
Other accrued expenses	2,533	2,784
Total accrued expenses	$ 83,933	$ 77,179

Product Warranties (Details)

Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Product Warranty Liability [Line Items]
Standard Product Warranty, Term, Hours			500 hours
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 36,396	$ 31,046	$ 35,035	$ 27,500
Add: Warranty expense	5,472	4,700	15,180	14,346
Additions for acquisitions	0	0	0	883
Less: Warranty claims paid	(4,176)	(3,475)	(12,523)	(10,458)
Ending balance	$ 37,692	$ 32,271	$ 37,692	$ 32,271
Malibu, Axis and Cobalt Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period in years (up to) (in years)			5 years
Malibu and Axis Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period in years (up to) (in years)			5 years
Gelcoat warranty, period (up to) (in years)			1 year
Malibu Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period in years (up to) (in years)							5 years	3 years
Axis Boats
Product Warranty Liability [Line Items]
Standard product warranty, period in years (up to) (in years)							5 years	2 years
Cobalt
Product Warranty Liability [Line Items]
Structural warranty, period (up to) (in years)			10 years
Bow-to-stern warranty on all components (in years)			5 years		5 years	3 years
Gelcoat warranty, period (up to) (in years)			3 years
Maverick, Pathfinder, and Hewes Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period in years (up to) (in years)			5 years
Bow-to-stern warranty on all components (in years)			1 year
Saltwater Fishing
Product Warranty Liability [Line Items]
Standard product warranty, period in years (up to) (in years)			5 years
Bow-to-stern warranty on all components (in years)			2 years
Cobia
Product Warranty Liability [Line Items]
Standard product warranty, period in years (up to) (in years)			10 years
Bow-to-stern warranty on all components (in years)			3 years

Financing - Outstanding Debt (D

Financing - Outstanding Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Debt Disclosure [Abstract]
Term loans	$ 95,438	$ 99,375
Revolving credit loan	25,000	45,000
Less unamortized debt issuance costs	(657)	(1,100)
Total debt	119,781	143,275
Less current maturities	73,406	4,250
Long-term debt	$ 46,375	$ 139,025

Financing - Narrative (Details)

Financing - Narrative (Details) - USD ($)	Mar. 31, 2022	Dec. 30, 2020	Aug. 24, 2017	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 29, 2020	Jun. 30, 2017
Line of Credit Facility [Line Items]
Long-term debt	$ 119,781,000			$ 119,781,000		$ 143,275,000
Term loans	95,438,000			95,438,000		99,375,000
Revolving credit loan	25,000,000			25,000,000		45,000,000
Current maturities of long-term obligations	73,406,000			73,406,000		4,250,000
Debt issuance costs	657,000			657,000		$ 1,100,000
Repayments of debt				20,000,000	$ 8,800,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	170,000,000	$ 170,000,000		170,000,000				$ 120,000,000
Increase in maximum borrowing capacity		50,000,000
Credit Agreement
Line of Credit Facility [Line Items]
Long-term debt	95,438,000			95,438,000
Outstanding letters of credit	1,310,000			1,310,000
Purchase of stock (up to)				3,000,000
Share repurchase (up to)				$ 35,000,000
Period of permitted share repurchases (in years)				1 year
Dividend and distributions (up to)				$ 10,000,000
Deferred finance costs									$ 2,074,000
Debt issuance costs							$ 671,000
Credit Agreement | Long-term Debt
Line of Credit Facility [Line Items]
Debt instrument, periodic payment	3,000,000
Repayments of debt			$ 50,000,000
Credit Agreement | Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving credit loan	25,000,000			25,000,000
Available borrowing capacity	$ 143,690,000			$ 143,690,000
Stated interest rate (as a percent)	1.70%			1.70%
Credit Agreement | Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Line of credit facility, unused capacity, commitment fee rate (as a percent)				0.20%
Credit Agreement | Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Line of credit facility, unused capacity, commitment fee rate (as a percent)				0.40%
Credit Agreement | Revolving Credit Facility | Federal Funds
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate (as a percent)				0.50%
Credit Agreement | Revolving Credit Facility | Base Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate (as a percent)				1.00%
Credit Agreement | Revolving Credit Facility | Base Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate (as a percent)				0.25%
Credit Agreement | Revolving Credit Facility | Base Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate (as a percent)				1.25%
Credit Agreement | Revolving Credit Facility | LIBOR | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate (as a percent)				1.25%
Credit Agreement | Revolving Credit Facility | LIBOR | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate (as a percent)				2.25%
Third Amendment
Line of Credit Facility [Line Items]
Deferred finance costs					638,000
Incremental Term Loan | Secured Debt
Line of Credit Facility [Line Items]
Term loans	$ 23,438,000	$ 25,000,000		$ 23,438,000	$ 25,000,000
Current maturities of long-term obligations	$ 1,406,000			$ 1,406,000
Incremental Term Loan | Secured Debt | Interest Rate through December 31, 2022
Line of Credit Facility [Line Items]
Stated interest rate (as a percent)		5.00%			5.00%
Incremental Term Loan | Secured Debt | Interest Rate from January 1, 2023 through June 30, 2024
Line of Credit Facility [Line Items]
Stated interest rate (as a percent)	7.50%	7.50%		7.50%
Existing Term Loans | Secured Debt
Line of Credit Facility [Line Items]
Term loans	$ 72,000,000	$ 75,000,000		$ 72,000,000

Leases - Narrative (Details)

Leases - Narrative (Details)	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Weighted average remaining lease term (in years)	5 years 8 months 26 days	6 years 7 months 28 days
Weighted average discount rate (as a percent)	3.63%

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, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Assets
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets		Other assets		Other assets
Right-of-use assets	$ 11,209		$ 11,209		$ 12,606
Liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses		Accrued expenses		Accrued expenses
Current operating lease liabilities	$ 2,101		$ 2,101		$ 2,027
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities		Other liabilities		Other liabilities
Long-term operating lease liabilities	$ 10,659		$ 10,659		$ 12,198
Total lease liabilities	12,760		12,760		$ 14,225
Cash paid for amounts included in the measurement of operating lease liabilities	631	$ 661	1,890	$ 1,970
Cost of sales
Liabilities
Operating lease costs	690	561	1,953	1,573
Selling and marketing, and general and administrative
Liabilities
Operating lease costs	214	217	645	639
Other income, net
Liabilities
Sublease income	$ 10	$ 10	$ 29	$ 29

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of 2022	$ 632
2023	2,549
2024	2,606
2025	2,312
2026	2,255
2027 and thereafter	3,760
Total	14,114
Less: imputed interest	(1,354)
Present value of lease liabilities	$ 12,760	$ 14,225

Tax Receivable Agreement Liab_3

Tax Receivable Agreement Liability - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Tax Receivable Agreement [Abstract]
Tax receivable agreement, proportion of realized cash saving in tax to pass through (as a percent)	85.00%
Investment in subsidiaries	$ 114,242	$ 114,242
Period of next annual payment (in days)	75 days

Tax Receivable Agreement Liab_4

Tax Receivable Agreement Liability - Schedule of Tax Agreement Liability (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2020
Tax Receivable Agreement [Roll Forward]
Beginning fiscal year balance	$ 48,214	$ 48,214
Additions (reductions) to tax receivable agreement:
Payments under tax receivable agreement	(3,505)	0
Payable pursuant to tax receivable agreement		48,214	$ 48,214	$ 49,665
Less: current portion under tax receivable agreement		(3,773)	(3,773)
Ending balance		44,441	$ 44,441
Exchange of LLC Units for Class A Shares
Additions (reductions) to tax receivable agreement:
Exchange of LLC Units for Class A Common Stock	2,142	0
Adjustment for change in estimated tax rate	$ (88)	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Deferred tax assets, valuation allowance	$ 15,464		$ 15,464		$ 15,279
Tax credit carryforwards, foreign	$ 580		$ 580		$ 580
Effective tax rate (as a percent)	22.70%	23.70%	22.30%	23.00%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 03, 2021	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jan. 01, 2014
Restricted Stock Units (RSUs) | Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested (in shares)		985		13,116
Restricted Stock Units and Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)				136,630
Vested (in shares)				99,299
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)		506,634		506,634
Stock compensation expense		$ 1,691	$ 1,449	$ 4,547	$ 4,060
Long-Term Incentive Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	32,000
Long-Term Incentive Plan | Restricted Stock Units and Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based, incentive stock awards, granted	$ 4,149
Share price (in USD per share)	$ 74.25
Long-Term Incentive Plan | Restricted Stock Units and Restricted Stock Awards | Period one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting percentage	58.00%
Restricted stock vesting period (in years)	3 years
Long-Term Incentive Plan | Restricted Stock Units and Restricted Stock Awards | Period two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting percentage	42.00%
Restricted stock vesting period (in years)	4 years
Long-Term Incentive Plan | Performance Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	18,000
Share-based, incentive stock awards, granted	$ 1,305
Share price (in USD per share)	$ 74.25
Maximum number of shares available for issue if performance target is met (in shares)	26,000
Long-Term Incentive Plan | Stock Awards With Market Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	18,000
Share-based, incentive stock awards, granted	$ 1,688
Maximum number of shares available for issue if performance target is met (in shares)	35,000

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options (Details)	9 Months Ended
	Mar. 31, 2022$ / sharesshares
Shares
Outstanding options at beginning of period (in shares) | shares	161,723
Options granted (in shares) | shares	0
Options exercised (in shares) | shares	(34,625)
Outstanding options at end of period (in shares) | shares	127,098
Exercisable at end of period (in shares) | shares	109,605
Weighted-Average Exercise Price/Share
Outstanding options at beginning of period (in dollars per share) | $ / shares	$ 32.64
Options granted (in dollars per share) | $ / shares	0
Options exercised (in dollars per share) | $ / shares	28.04
Outstanding options at end of period (in dollars per share) | $ / shares	33.89
Exercisable at end of period (in dollars per share) | $ / shares	$ 32.79

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Changes in Non-vested Restricted Shares (Details) - $ / shares	Nov. 03, 2021	Mar. 31, 2022	Mar. 31, 2022
Restricted Stock Units and Restricted Stock Awards
Number of Restricted Stock Units and Restricted Stock Awards Outstanding
Total Non-vested Restricted Stock Units and Restricted Stock Awards at beginning of period (in shares)			314,916
Granted (in shares)			136,630
Vested (in shares)			(99,299)
Forfeited (in shares)			(8,863)
Total Non-vested Restricted Stock Units and Restricted Stock Awards at end of period (in shares)		343,384	343,384
Weighted-Average Grant Date Fair Value
Total Non-vested Restricted Stock Units and Restricted Stock Awards at beginning of period (in dollars per share)			$ 44.46
Granted (in dollars per share)			74.51
Vested (in dollars per share)			44.67
Forfeited (in dollars per share)			55.90
Total Non-vested Restricted Stock Units and Restricted Stock Awards at end of period (in dollars per share)		$ 56.06	$ 56.06
Restricted Stock Units (RSUs) | Non-Employee Directors
Number of Restricted Stock Units and Restricted Stock Awards Outstanding
Vested (in shares)		(985)	(13,116)
Restricted Stock Units (RSUs) | Long-Term Incentive Plan
Number of Restricted Stock Units and Restricted Stock Awards Outstanding
Granted (in shares)	32,000
Restricted Stock | Long-Term Incentive Plan
Number of Restricted Stock Units and Restricted Stock Awards Outstanding
Granted (in shares)	23,000
Performance Awards | Long-Term Incentive Plan
Number of Restricted Stock Units and Restricted Stock Awards Outstanding
Granted (in shares)	18,000

Net Earnings Per Share (Details

Net Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Basic:
Net income attributable to Malibu Boats, Inc.	$ 52,878	$ 33,796	$ 109,713	$ 76,114
Shares used in computing basic net income per share:
Basic weighted-average shares outstanding (in shares)	20,777,512	20,799,405	20,843,040	20,722,339
Basic net income per share (in dollars per share)	$ 2.54	$ 1.62	$ 5.26	$ 3.67
Diluted:
Net income attributable to Malibu Boats, Inc.	$ 52,878	$ 33,796	$ 109,713	$ 76,114
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding (in shares)	20,777,512	20,799,405	20,843,040	20,722,339
Diluted weighted-average shares outstanding (in shares)	20,982,873	21,032,360	21,097,502	20,939,927
Diluted net income per share (in dollars per share)	$ 2.51	$ 1.61	$ 5.20	$ 3.63
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	660,113	603,919	660,113	622,306
Class A Common Stock
Shares used in computing basic net income per share:
Basic weighted-average shares outstanding (in shares)	20,535,856	20,571,601	20,607,085	20,499,949
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding (in shares)	20,535,856	20,571,601	20,607,085	20,499,949
Restricted Stock Units (RSUs)
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	80,475	97,376	114,746	90,592
Employee Stock Option
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	57,836	69,613	72,666	61,030
Performance Awards
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	67,050	65,966	67,050	65,966
Fully Vested/Participating | Restricted Stock Units (RSUs)
Shares used in computing basic net income per share:
Basic weighted-average shares outstanding (in shares)	241,656	227,804	235,955	222,390
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding (in shares)	241,656	227,804	235,955	222,390

Commitment and Contingencies (D

Commitment and Contingencies (Details) $ in Thousands	Aug. 28, 2021USD ($)	Mar. 31, 2022USD ($)	Jun. 30, 2021USD ($)
Loss Contingencies [Line Items]
Repurchase obligations		$ 229,817	$ 79,599
Financing receivables		0	$ 95
Batchelder et al. v. Malibu Boats, LLC | Pending Litigation
Loss Contingencies [Line Items]
Percentage of plaintiff fault	0.75
Percentage of damages awarded	0.15
Estimate of possible loss	$ 140,000
Batchelder et al. v. Malibu Boats, LLC | Pending Litigation | Compensatory Damages
Loss Contingencies [Line Items]
Damages awarded	80,000
Batchelder et al. v. Malibu Boats, LLC | Pending Litigation | Punitive Damages
Loss Contingencies [Line Items]
Damages awarded	$ 80,000
Batchelder et al. v. Malibu Boats, LLC | Pending Litigation | Malibu Boats West, Inc.
Loss Contingencies [Line Items]
Percentage of damages awarded	0.10
Damages awarded	$ 40,000
Minimum | Batchelder et al. v. Malibu Boats, LLC | Pending Litigation
Loss Contingencies [Line Items]
Estimate of possible loss		0
Maximum | Batchelder et al. v. Malibu Boats, LLC | Pending Litigation
Loss Contingencies [Line Items]
Estimate of possible loss		140,000
Product Liability Insurance, Maximum Coverage		$ 26,000

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Jun. 30, 2021USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	3		3
Net sales	$ 344,287	$ 273,162	$ 861,671	$ 649,793
Income before provision for income taxes	70,897	46,076	146,455	102,976
Assets	823,960		823,960		$ 742,784
Malibu
Segment Reporting Information [Line Items]
Net sales	178,820	138,027	430,525	346,475
Saltwater Fishing
Segment Reporting Information [Line Items]
Net sales	93,659	79,889	245,627	156,112
Cobalt
Segment Reporting Information [Line Items]
Net sales	71,808	55,246	185,519	147,206
Operating Segments | Malibu
Segment Reporting Information [Line Items]
Net sales	178,820	138,027	430,525	346,475
Income before provision for income taxes	47,566	27,631	96,343	62,758
Assets	276,678		276,678		211,510
Operating Segments | Saltwater Fishing
Segment Reporting Information [Line Items]
Net sales	93,659	79,889	245,627	156,112
Income before provision for income taxes	13,189	11,072	25,529	22,880
Assets	371,339		371,339		360,481
Operating Segments | Cobalt
Segment Reporting Information [Line Items]
Net sales	71,808	55,246	185,519	147,206
Income before provision for income taxes	10,142	$ 7,373	24,583	$ 17,338
Assets	$ 175,943		$ 175,943		$ 170,793