Malibu Boats (MBUU) 10-Q30 Jan 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Dec. 31, 2023	Jan. 25, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-36290
Entity Registrant Name	MALIBU BOATS, INC.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	5075 Kimberly Way
Entity Address, City or Town	Loudon
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37774
Entity Tax Identification Number	46-4024640
City Area Code	865
Local Phone Number	458-5478
Title of 12(b) Security	Class A Common Stock, par value $0.01
Trading Symbol	MBUU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Smaller Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001590976
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--06-30
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,430,767
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales	$ 211,074	$ 338,732	$ 466,904	$ 640,943
Cost of sales	173,599	263,078	372,635	490,684
Gross profit	37,475	75,654	94,269	150,259
Operating expenses:
Selling and marketing	5,610	6,198	11,362	11,384
General and administrative	15,440	19,057	36,145	38,277
Amortization	1,713	1,715	3,428	3,431
Operating income	14,712	48,684	43,334	97,167
Other expense, net:
Other (income) expense, net	(9)	193	(19)	263
Interest expense	671	910	1,555	2,195
Other expense, net	662	1,103	1,536	2,458
Income before provision for income taxes	14,050	47,581	41,798	94,709
Provision for income taxes	3,906	11,185	10,884	22,208
Net income	10,144	36,396	30,914	72,501
Net income attributable to non-controlling interest	263	1,234	774	2,456
Net income attributable to Malibu Boats, Inc.	9,881	35,162	30,140	70,045
Comprehensive income:
Net income	10,144	36,396	30,914	72,501
Other comprehensive income (loss):
Change in cumulative translation adjustment	1,427	1,227	676	(209)
Other comprehensive income (loss)	1,427	1,227	676	(209)
Comprehensive income	11,571	37,623	31,590	72,292
Less: comprehensive income attributable to non-controlling interest	300	1,276	793	2,449
Comprehensive income attributable to Malibu Boats, Inc.	$ 11,271	$ 36,347	$ 30,797	$ 69,843
Weighted-average shares outstanding used in computing net income per share:
Basic (in shares)	20,375,750	20,404,583	20,481,119	20,432,216
Diluted (in shares)	20,450,204	20,516,025	20,567,218	20,559,752
Net income available to Class A Common Stock per share:
Basic (in dollars per share)	$ 0.49	$ 1.73	$ 1.47	$ 3.43
Diluted (in dollars per share)	$ 0.49	$ 1.72	$ 1.47	$ 3.41

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Current assets
Cash	$ 55,722	$ 78,937
Trade receivables, net	27,493	68,381
Inventories, net	157,766	171,189
Prepaid expenses and other current assets	11,968	7,827
Total current assets	252,949	326,334
Property, plant and equipment, net	245,131	204,792
Goodwill	100,733	100,577
Other intangible assets, net	218,049	221,458
Deferred tax assets	54,045	62,573
Other assets	9,089	10,190
Total assets	879,996	925,924
Current liabilities
Accounts payable	27,967	40,402
Accrued expenses	106,716	187,078
Income taxes and tax distribution payable	74	847
Payable pursuant to tax receivable agreement, current portion	4,111	4,111
Total current liabilities	138,868	232,438
Deferred tax liabilities	29,123	28,453
Other liabilities	8,989	9,926
Payable pursuant to tax receivable agreement, less current portion	39,354	39,354
Long-term debt	35,000	0
Total liabilities	251,334	310,171
Commitments and contingencies (See Note 15)
Stockholders' Equity
Preferred Stock, par value $0.01 per share; 25,000,000 shares authorized; no shares issued and outstanding as of December 31, 2023 and June 30, 2023	0	0
Additional paid in capital	67,745	86,321
Accumulated other comprehensive loss	(3,664)	(4,340)
Accumulated earnings	555,837	525,697
Total stockholders' equity attributable to Malibu Boats, Inc.	620,119	607,882
Non-controlling interest	8,543	7,871
Total stockholders’ equity	628,662	615,753
Total liabilities and stockholders' equity	879,996	925,924
Class A Common Stock
Stockholders' Equity
Common stock	201	204
Class B Common Stock
Stockholders' Equity
Common stock	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2023	Jun. 30, 2023
Common stock, shares issued (in shares)		12
Common stock, shares outstanding (in shares)		12
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)	20,298,626	20,603,822
Common stock, shares outstanding (in shares)	20,298,626	20,603,822
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)	12
Common stock, shares outstanding (in shares)	12

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid In Capital	Accumulated Other Comprehensive Loss	Accumulated Earnings	Non-controlling Interest in LLC
Beginning balance (in shares) at Jun. 30, 2022				20,501,000	10
Beginning balance at Jun. 30, 2022	$ 513,568			$ 203	$ 0	$ 85,294	$ (3,507)	$ 421,184	$ 10,394
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	36,105							34,883	1,222
Stock based compensation, net of withholding taxes on vested equity awards (in shares)				12,000
Stock based compensation, net of withholding taxes on vested equity awards	743					743
Issuances of equity for services	67					67
Repurchase and retirement of common stock (in shares)				(144,000)
Repurchase and retirement of common stock	(7,868)			$ (1)		(7,867)
Distributions to LLC Unit holders	(696)								(696)
Foreign currency translation adjustment	(1,479)						(1,436)		(43)
Ending balance (in shares) at Sep. 30, 2022				20,345,000	10
Ending balance at Sep. 30, 2022	540,440			$ 202	$ 0	78,237	(4,943)	456,067	10,877
Beginning balance (in shares) at Jun. 30, 2022				20,501,000	10
Beginning balance at Jun. 30, 2022	513,568			$ 203	$ 0	85,294	(3,507)	421,184	10,394
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	72,501
Ending balance (in shares) at Dec. 31, 2022				20,475,000	10
Ending balance at Dec. 31, 2022	578,382			$ 203	$ 0	79,207	(3,716)	491,229	11,459
Beginning balance (in shares) at Sep. 30, 2022				20,345,000	10
Beginning balance at Sep. 30, 2022	540,440			$ 202	$ 0	78,237	(4,943)	456,067	10,877
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	36,396							35,162	1,234
Stock based compensation, net of withholding taxes on vested equity awards (in shares)				128,000
Stock based compensation, net of withholding taxes on vested equity awards	23			$ 1		22
Issuance of equity for services (in shares)				2,000
Issuances of equity for services	948					948
Distributions to LLC Unit holders	(688)								(688)
Foreign currency translation adjustment	1,263						1,227		36
Ending balance (in shares) at Dec. 31, 2022				20,475,000	10
Ending balance at Dec. 31, 2022	$ 578,382			$ 203	$ 0	79,207	(3,716)	491,229	11,459
Beginning balance (in shares) at Jun. 30, 2023	12	20,603,822		20,603,000	12
Beginning balance at Jun. 30, 2023	$ 615,753			$ 204	$ 0	86,321	(4,340)	525,697	7,871
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20,770							20,259	511
Stock based compensation, net of withholding taxes on vested equity awards	1,443					1,443
Issuances of equity for services	47					47
Repurchase and retirement of common stock (in shares)				(199,000)
Repurchase and retirement of common stock	(9,619)			$ (2)		(9,617)
Distributions to LLC Unit holders	(114)								(114)
Foreign currency translation adjustment	(768)						(751)		(17)
Ending balance (in shares) at Sep. 30, 2023				20,404,000	12
Ending balance at Sep. 30, 2023	$ 627,512			$ 202	$ 0	78,194	(5,091)	545,956	8,251
Beginning balance (in shares) at Jun. 30, 2023	12	20,603,822		20,603,000	12
Beginning balance at Jun. 30, 2023	$ 615,753			$ 204	$ 0	86,321	(4,340)	525,697	7,871
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	30,914
Ending balance (in shares) at Dec. 31, 2023		20,298,626	12	20,299,000	12
Ending balance at Dec. 31, 2023	628,662			$ 201	$ 0	67,745	(3,664)	555,837	8,543
Beginning balance (in shares) at Sep. 30, 2023				20,404,000	12
Beginning balance at Sep. 30, 2023	627,512			$ 202	$ 0	78,194	(5,091)	545,956	8,251
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,144							9,881	263
Stock based compensation, net of withholding taxes on vested equity awards (in shares)				109,000
Stock based compensation, net of withholding taxes on vested equity awards	(1,363)			$ 1		(1,364)
Issuance of equity for services (in shares)				12,000
Issuances of equity for services	1,037					1,037
Repurchase and retirement of common stock (in shares)				(226,000)
Repurchase and retirement of common stock	(10,124)			$ (2)		(10,122)
Foreign currency translation adjustment	1,456						1,427		29
Ending balance (in shares) at Dec. 31, 2023		20,298,626	12	20,299,000	12
Ending balance at Dec. 31, 2023	$ 628,662			$ 201	$ 0	$ 67,745	$ (3,664)	$ 555,837	$ 8,543

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating activities:
Net income	$ 30,914	$ 72,501
Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash compensation expense	1,323	3,651
Non-cash compensation to directors	1,419	579
Depreciation	12,667	10,684
Amortization	3,428	3,431
Deferred income taxes	9,205	2,556
Other items, net	1,100	792
Change in operating assets and liabilities:
Trade receivables	40,922	(3,846)
Inventories	13,776	(28,569)
Prepaid expenses and other assets	(4,483)	(4,287)
Accounts payable	(13,315)	(4,151)
Income taxes payable	24	501
Accrued expenses	(80,308)	(1,924)
Other liabilities	(963)	(1,106)
Net cash provided by operating activities	15,709	50,812
Investing activities:
Purchases of property, plant and equipment	(52,101)	(22,339)
Proceeds from sale or disposal of property, plant and equipment	14	0
Net cash used in investing activities	(52,087)	(22,339)
Financing activities:
Proceeds from revolving credit facility	75,000	141,700
Principal payments on long-term borrowings	0	(23,125)
Payments on revolving credit facility	(40,000)	(167,000)
Payment of deferred financing costs	0	(1,362)
Cash paid for withholding taxes on vested restricted stock	(1,217)	(2,866)
Distributions to LLC Unit holders	(890)	(1,741)
Repurchase and retirement of common stock	(19,743)	(7,868)
Net cash provided by (used in) financing activities	13,150	(62,262)
Effect of exchange rate changes on cash	13	(107)
Changes in cash	(23,215)	(33,896)
Cash—Beginning of period	78,937	83,744
Cash—End of period	55,722	49,848
Supplemental cash flow information:
Cash paid for interest	1,637	1,219
Cash paid for income taxes	$ 1,955	$ 20,168

Organization, Basis of Presenta

Organization, Basis of Presentation, and Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2023
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. (“MBI” and, 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, 2023, 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 Accounting Pronouncements In November, 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-07 , " Segment Reporting (Topic 280 ) Improvements to Reportable Segment Disclosures" which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant expenses. The updated standard is effective for annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. The Company is currently evaluating the effect of adopting this ASU. In December, 2023, the FASB issued ASU No. 2023-09 “ Income Taxes (Topic 740): Improvements to Income Tax Disclosures” which requires two primary enhancements of 1) disaggregated information on a reporting entity’s effective tax rate reconciliation, and 2) information on income taxes paid. For public business entities, the new requirements will be effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the effect of adopting this ASU.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Dec. 31, 2023
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 December 31, 2023 Six Months Ended December 31, 2023 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 74,272 $ 82,480 $ 51,391 $ 208,143 $ 173,711 $ 174,732 $ 108,495 $ 456,938 Part and other sales 2,117 254 560 2,931 7,683 624 1,659 9,966 Net Sales $ 76,389 $ 82,734 $ 51,951 $ 211,074 $ 181,394 $ 175,356 $ 110,154 $ 466,904 Revenue by geography: North America $ 69,123 $ 78,329 $ 51,636 $ 199,088 $ 166,178 $ 170,195 $ 109,092 $ 445,465 International 7,266 4,405 315 11,986 15,216 5,161 1,062 21,439 Net Sales $ 76,389 $ 82,734 $ 51,951 $ 211,074 $ 181,394 $ 175,356 $ 110,154 $ 466,904 Three Months Ended December 31, 2022 Six Months Ended December 31, 2022 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 155,011 $ 105,363 $ 73,830 $ 334,204 $ 295,174 $ 197,256 $ 137,460 $ 629,890 Part and other sales 3,155 222 1,151 4,528 8,160 562 2,331 11,053 Net Sales $ 158,166 $ 105,585 $ 74,981 $ 338,732 $ 303,334 $ 197,818 $ 139,791 $ 640,943 Revenue by geography: North America $ 140,924 $ 104,154 $ 71,986 $ 317,064 $ 271,574 $ 193,095 $ 134,267 $ 598,936 International 17,242 1,431 2,995 21,668 31,760 4,723 5,524 42,007 Net Sales $ 158,166 $ 105,585 $ 74,981 $ 338,732 $ 303,334 $ 197,818 $ 139,791 $ 640,943 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 the Company's warranty program. Rebates, free flooring and discounts are incentives that the Company provides to its dealers based on sales of eligible products. Part and Other Sales Consists primarily of parts and accessories sales, royalty income and clothing sales. Parts and accessories sales include replacement and aftermarket boat parts and accessories sold to the Company's dealer network. Royalty income is earned from license agreements with various boat manufacturers, including Nautique, Chaparral, Mastercraft, and Tige related to the use of the Company's intellectual property.

Non-controlling Interest

Non-controlling Interest	6 Months Ended
Non-controlling Interest	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Non-controlling Interest	Non-controlling Interest The non-controlling interest on the unaudited interim condensed consolidated statements of operations and comprehensive income represents the portion of earnings 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 December 31, 2023 As of June 30, 2023 Units Ownership % Units Ownership % Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC 455,919 2.2 % 455,919 2.2 % Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC 20,298,626 97.8 % 20,603,822 97.8 % 20,754,545 100.0 % 21,059,741 100.0 % 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 six months ended December 31, 2023, the Company caused the LLC to issue a total of 158,228 LLC Units to the Company in connection with (i) the Company's issuance of Class A Common Stock to non-employee directors for their 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") and (iii) the issuance of restricted Class A Common Stock granted under the Incentive Plan. During the six months ended December 31, 2023, 17,804 LLC Units were canceled in connection with the vesting of share-based equity awards to satisfy employee tax withholding requirements, 20,080 LLC Units were canceled in connection with the vesting of stock awards with a market condition that was deemed to not be achieved and the retirement of 38,017 treasury shares in accordance with the LLC Agreement . Also during the six months ended December 31, 2023, 425,407 LLC Units were redeemed and canceled by the LLC in connection with the purchase and retirement of 425,407 treasury shares under the Company's stock repurchase program that expired on November 8, 2023, and the Company’s new stock repurchase program that was authorized for the period from November 8, 2023 to November 8, 2024. 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 December 31, 2023 and June 30, 2023, tax distributions payable to non-controlling LLC Unit holders were $0 and $776, respectively. During the six months ended December 31, 2023 and 2022, tax distributions paid to the non-controlling LLC Unit holders were $890 and $1,741, 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.

Inventories

Inventories	6 Months Ended
Inventories	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, net consisted of the following: As of December 31, 2023 As of June 30, 2023 Raw materials $ 120,373 $ 142,948 Work in progress 23,802 19,222 Finished goods 13,591 9,019 Total inventories $ 157,766 $ 171,189

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
Property, Plant and Equipment	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment, net consisted of the following: As of December 31, 2023 As of June 30, 2023 Land $ 4,905 $ 4,905 Building and leasehold improvements 119,773 119,324 Machinery and equipment 108,775 103,362 Furniture and fixtures 13,324 12,672 Construction in process 93,944 47,482 340,721 287,745 Less: Accumulated depreciation (95,590) (82,953) Property, plant and equipment, net $ 245,131 $ 204,792 Depreciation expense was $6,343 and $5,388 for the three months ended December 31, 2023 and 2022, respectively, and $12,667 and $10,684 for the six months ended December 31, 2023 and 2022, respectively, substantially all of which was recorded in cost of sales.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
Goodwill and Other Intangible Assets	Dec. 31, 2023
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 six months ended December 31, 2023 were as follows: Malibu Saltwater Fishing Cobalt Consolidated Goodwill as of June 30, 2023 $ 12,072 $ 68,714 $ 19,791 $ 100,577 Effect of foreign currency changes on goodwill 156 — — 156 Goodwill as of December 31, 2023 $ 12,228 $ 68,714 $ 19,791 $ 100,733 The components of other intangible assets were as follows: As of December 31, 2023 As of June 30, 2023 Estimated Useful Life (in years) Weighted-Average Remaining Useful Life Definite-lived intangibles: Dealer relationships $ 131,780 $ 131,725 15 - 20 15.1 Patent 2,600 2,600 15 8.5 Trade name 100 100 15 6.5 Non-compete agreement 48 46 10 0.8 Total 134,528 134,471 Less: Accumulated amortization (34,679) (31,213) Total definite-lived intangible assets, net 99,849 103,258 Indefinite-lived intangible: Trade name 118,200 118,200 Total other intangible assets, net $ 218,049 $ 221,458 Amortization expense recognized on all amortizable intangibles was $1,713 and $1,715 for the three months ended December 31, 2023 and 2022, respectively, and $3,428 and $3,431 for the six months ended December 31, 2023 and 2022, respectively. Estimated future amortization expenses as of December 31, 2023 are as follows: Fiscal years ending June 30: Amount Remainder of 2024 $ 3,378 2025 6,807 2026 6,805 2027 6,805 2028 6,805 2029 and thereafter 69,249 $ 99,849

Accrued Expenses

Accrued Expenses	6 Months Ended
Accrued Expenses	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following: As of December 31, 2023 As of June 30, 2023 Warranties $ 40,587 $ 41,709 Dealer incentives 21,911 14,996 Accrued compensation 12,525 19,671 Current operating lease liabilities 2,283 2,324 Litigation settlement — 100,000 Accrued legal and professional fees 21,715 1,899 Customer deposits 5,412 4,054 Other accrued expenses 2,283 2,425 Total accrued expenses $ 106,716 $ 187,078 Litigation settlement represents the settlement of product liability cases in June 2023 for $100,000. Accrued legal and professional fees includes approximately $21,000 in insurance coverage proceeds that are subject in certain cases to reservations of rights by the insurance carriers. The proceeds will be considered a liability in accrued expenses until the resolution of the litigation. For more information, refer to Note 15

Product Warranties

Product Warranties	6 Months Ended
Product Warranties	Dec. 31, 2023
Product Warranties Disclosures [Abstract]
Product Warranties	Product Warranties The Company's Malibu and Axis brand boats have a limited warranty for a period up to five years. The Company's 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. Accordingly, the Company has less historical claims experience for warranty years four five 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 December 31, Six Months Ended December 31, 2023 2022 2023 2022 Beginning balance $ 41,597 $ 39,399 $ 41,709 $ 38,673 Add: Warranty expense 6,622 6,682 13,037 13,087 Less: Warranty claims paid (7,632) (5,568) (14,159) (11,247) Ending balance $ 40,587 $ 40,513 $ 40,587 $ 40,513

Financing

Financing	6 Months Ended
Financing	Dec. 31, 2023
Debt Disclosure [Abstract]
Financing	Financing Outstanding debt consisted of the following: As of December 31, 2023 As of June 30, 2023 Term loan $ — $ — Revolving credit loan 35,000 — Total debt 35,000 — Less current maturities — — Long-term debt less current maturities $ 35,000 $ — Long-Term Debt On July 8, 2022, Boats LLC entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”) which provides Boats LLC with a revolving credit facility in an aggregate principal amount of up to $350,000. As of December 31, 2023, the Company had $35,000 outstanding under its revolving credit facility and $1,578 in outstanding letters of credit, with $313,422 available for borrowing. The revolving credit facility matures on July 8, 2027. Boats LLC has the option to request that lenders increase the amount available under the revolving credit facility by, or obtain incremental term loans of, up to $200,000, subject to the terms of the Credit Agreement and only if existing or new lenders choose to provide additional term or revolving commitments. 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 (as defined in the Credit Agreement) plus 0.5%, or one-month Term SOFR (as defined in the Credit Agreement) plus 1% (the “Base Rate”) or (ii) SOFR (as defined in the Credit Agreement), in each case plus an applicable margin ranging from 1.25% to 2.00% with respect to SOFR borrowings and 0.25% to 1.00% with respect to Base Rate borrowings. The applicable margin is based upon the consolidated leverage ratio of the LLC and its subsidiaries. As of December 31, 2023, the interest rate on the Company’s revolving credit facility was 6.41%. The Company is required to pay a commitment fee for any unused portion of the revolving credit facility which ranges from 0.15% to 0.30% per annum, depending on the LLC’s and its subsidiaries’ consolidated leverage ratio. 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 consisting of a minimum ratio of EBITDA to interest expense and a maximum ratio of total debt to EBITDA. The Credit Agreement contains certain customary restrictive covenants regarding indebtedness, liens, fundamental changes, investments, share repurchases, dividends and distributions, disposition of assets, transactions with affiliates, negative pledges, hedging transactions, certain prepayments of indebtedness, accounting changes and governmental regulation. 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 $5,000 in any fiscal year, and (iv) repurchases of the Company's outstanding stock and LLC Units. In addition, the LLC may make unlimited dividends and distributions if its consolidated leverage ratio is 2.75 or less and certain other conditions are met, subject to compliance with certain financial covenants. The Credit Agreement also contains customary events of default. If an event of default has occurred and continues beyond any applicable cure period, the administrative agent may (i) accelerate all outstanding obligations under the Credit Agreement or (ii) terminate the commitments, amongst other remedies. Additionally, the lenders are not obligated to fund any new borrowing under the Credit Agreement while an event of default is continuing. Covenant Compliance As of December 31, 2023, the Company was in compliance with the financial covenants contained in the Credit Agreement.

Leases

Leases	6 Months Ended
Leases	Dec. 31, 2023
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 December 31, 2023 As of June 30, 2023 Assets Right-of-use assets Other assets $ 7,866 $ 8,808 Liabilities Current operating lease liabilities Accrued expenses $ 2,283 $ 2,324 Long-term operating lease liabilities Other liabilities 6,790 7,843 Total lease liabilities $ 9,073 $ 10,167 Classification Three Months Ended December 31, 2023 Three Months Ended December 31, 2022 Six Months Ended December 31, 2023 Six Months Ended December 31, 2022 Operating lease costs (1) Cost of sales $ 639 $ 646 $ 1,344 $ 1,313 Selling and marketing, and general and administrative 204 237 444 456 Sublease income Other (income) expense, net (9) (9) (19) (19) Cash paid for amounts included in the measurement of operating lease liabilities Cash flows from operating activities 666 622 1,330 1,245 (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 December 31, 2023 and 2022 was 4.08 years and 5.08 years, respectively. As of December 31, 2023 and 2022, the weighted-average discount rate determined based on the Company's incremental borrowing rate is 3.69% and 3.64%, respectively. Future annual minimum lease payments for the following fiscal years as of December 31, 2023 are as follows: Amount Remainder of 2024 $ 1,336 2025 2,373 2026 2,274 2027 2,258 2028 1,505 2029 and thereafter 1 Total 9,747 Less: imputed interest (674) Present value of lease liabilities $ 9,073

Tax Receivable Agreement Liabil

Tax Receivable Agreement Liability	6 Months Ended
Tax Receivable Agreement Liability	Dec. 31, 2023
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 December 31, 2023 As of June 30, 2023 Beginning fiscal year balance $ 43,465 $ 45,541 Additions (reductions) to tax receivable agreement: Exchange of LLC Units for Class A Common Stock — 1,710 Adjustment for change in estimated state tax rate or benefits — 188 Payments under tax receivable agreement — (3,974) 43,465 43,465 Less: current portion under tax receivable agreement (4,111) (4,111) Ending balance $ 39,354 $ 39,354 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. As of December 31, 2023 and June 30, 2023, the Company recorded deferred tax assets of $118,148 associated with basis differences in assets upon acquiring an interest in the LLC and pursuant to making an election under Section 754 of the Internal Revenue Code of 1986 (the "Internal Revenue Code"), as amended. The aggregate Tax Receivable Agreement liability represents 85% of the tax benefits that the Company expects to receive in connection with the Section 754 election. In accordance with the Tax Receivable Agreement, the next annual payment is anticipated approximately 75 days after filing the federal tax return due by April 15, 2024.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Dec. 31, 2023
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. Maverick Boat Group is separately subject to U.S. federal and state income tax with respect to its net taxable income. 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 December 31, 2023 and June 30, 2023, the Company maintained a total valuation allowance of $16,753 and $16,876, 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 August 16, 2022, the Inflation Reduction Act of 2022 (the “Inflation Reduction Act”) was signed into law. The Inflation Reduction Act contains significant business tax provisions, including an excise tax on stock buybacks (1% for transactions beginning January 1, 2023), increased funding for IRS tax enforcement, expanded energy incentives promoting clean energy investment, and a 15% corporate minimum tax on certain large corporations. The effects of the new legislation are recognized upon enactment. The Company did not recognize any significant impact to income tax expense for the six months ended December 31, 2023 relating to the Inflation Reduction Act. For the three months ended December 31, 2023 and 2022, the Company's effective tax rate was 27.8% and 23.5%, respectively. For the six months ended December 31, 2023 and 2022, the Company's effective tax rate was 26.0% and 23.4%, respectively. For the three months ended December 31, 2023 and 2022, 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. For the three and six months ended December 31, 2023, this increase in the effective tax rate was also driven by a shortfall expense generated by certain stock-based compensation. For the three and six months ended December 31, 2022, the increase in the effective tax rate over the statutory federal income tax rate was partially offset by a windfall benefit generated by certain stock-based compensation as well as 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	6 Months Ended
Stock-Based Compensation	Dec. 31, 2023
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 December 31, 2023, 204,722 shares remain available for future issuance under the long term incentive plan. On November 6, 2023, under the Incentive Plan, Malibu Boats, Inc. granted approximately 79,000 restricted service-based stock units and 35,000 restricted service-based stock awards to employees. The grant date fair value of these awards was $5,116 based on a stock price of $44.87 per share on the date of grant. Approximately 70% of the awards vest ratably over three years and approximately 30% 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 6, 2023, under the Incentive Plan, Malibu Boats, Inc. granted to employees a target amount of approximately 26,000 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, 2026. The maximum number of shares that can be issued if an elevated earnings target is met is approximately 39,000. The grant date fair value of the awards were estimated to be $1,167, based on a stock price of $44.87. These shares are not expected to vest based on the expectation that the related performance criteria will not be met. 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 6, 2023, under the Incentive Plan, Malibu Boats, Inc. granted to employees a target amount of approximately 26,000 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 Malibu Boats, Inc.'s stock price to movement in a market index from the grant date through November 6, 2026. The maximum number of shares that can be issued if an elevated TSR target is met is approximately 52,000. The grant date fair value of the awards were estimated to be $1,284, 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 . On November 27, 2023, under the Incentive Plan, Malibu Boats, Inc. granted two awards to its newly-appointed Chief Financial Officer. The two service-based stock awards include approximately 7,000 units that will vest over two years and approximately 6,000 units that will vest over four years. The combined grant date fair value of these awards was $600 based on a stock price of $44.85 per share on the date of grant. The following is a summary of the changes in the Company's stock options for the six months ended December 31, 2023: Shares Weighted-Average Exercise Price/Share Total outstanding options as of June 30, 2023 17,973 $ 37.55 Options granted — — Options exercised — — Outstanding options as of December 31, 2023 17,973 37.55 Exercisable as of December 31, 2023 17,973 $ 37.55 The following is a summary of the changes in non-vested restricted stock units and restricted stock awards for the six months ended December 31, 2023: 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, 2023 324,824 $ 57.98 Granted 230,031 44.95 Vested (91,683) 54.79 Forfeited (24,983) 54.57 Total Non-vested Restricted Stock Units and Restricted Stock Awards as of December 31, 2023 438,189 $ 52.00 Stock-based compensation expense attributable to the Company's share-based equity awards was $(137) and $2,016 for the three months ended December 31, 2023 and 2022, respectively and $1,323 and $3,651 for the six months ended December 31, 2023 and 2022, respectively. During the three months ended December 31, 2023, the Company determined achievement of the fiscal year 2022 and fiscal year 2023 performance based awards to be improbable. As a result, the Company reversed approximately $1,600 in previously recognized stock-based compensation expense. Stock-based compensation expense attributed to share-based equity awards issued und

Net Earnings Per Share

Net Earnings Per Share	6 Months Ended
Net Earnings Per Share	Dec. 31, 2023
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 stockholders 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 Malibu Boats, Inc.'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 Malibu Boats, Inc.'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 December 31, Six Months Ended December 31, 2023 2022 2023 2022 Basic: Net income attributable to Malibu Boats, Inc. $ 9,881 $ 35,162 $ 30,140 $ 70,045 Shares used in computing basic net income per share: Weighted-average Class A Common Stock 20,103,458 20,149,634 20,212,849 20,182,696 Weighted-average participating restricted stock units convertible into Class A Common Stock 272,292 254,949 268,270 249,520 Basic weighted-average shares outstanding 20,375,750 20,404,583 20,481,119 20,432,216 Basic net income per share $ 0.49 $ 1.73 $ 1.47 $ 3.43 Diluted: Net income attributable to Malibu Boats, Inc. $ 9,881 $ 35,162 $ 30,140 $ 70,045 Shares used in computing diluted net income per share: Basic weighted-average shares outstanding 20,375,750 20,404,583 20,481,119 20,432,216 Restricted stock units granted to employees 24,108 49,725 44,613 64,419 Stock options granted to employees 3,899 11,889 4,654 13,289 Market performance awards granted to employees 46,447 49,828 36,832 49,828 Diluted weighted-average shares outstanding 1 20,450,204 20,516,025 20,567,218 20,559,752 Diluted net income per share $ 0.49 $ 1.72 $ 1.47 $ 3.41 1 The Company excluded (i) 597,673 and 761,150 potentially dilutive shares from the calculation of diluted net income per share for the three months ended December 31, 2023 and 2022, respectively, and (ii) 533,968 and 761,150 potentially dilutive shares from the calculation of diluted net income per share for the six months ended December 31, 2023 and 2022, respectively. The shares of Class B Common Stock do not share in the earnings or losses of Malibu Boats, Inc. and are therefore not included in the calculation. Accordingly, basic and diluted net income per share of Class B Common Stock have not been presented.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Dec. 31, 2023
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 $478,364 and $385,448 as of December 31, 2023 and June 30, 2023, 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 six months ended December 31, 2023 and 2022, there were no repurchases and as of December 31, 2023, the Company has not been notified about any probable repossessions. Therefore, the Company did not carry a reserve for repurchases as of December 31, 2023 consistent with June 30, 2023. 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 interim condensed consolidated balance sheets. As of December 31, 2023 and June 30, 2023, the Company had no financing receivables recorded in other current assets and accrued expenses related to these arrangements. Roane County Property Purchase On March 28, 2023, the Company entered into a Purchase and Sale Agreement (the “Purchase Agreement”) to purchase certain real property, improvements and other assets from the seller for a cash purchase price of approximately $33,300. As of June 30, 2023, the Company had deposited approximately $7,800 in escrow pursuant to the Purchase Agreement. On July 25, 2023, the transaction closed and the Company paid the remaining $25,500 balance of the purchase price. In addition to the purchase price, the Company has incurred approximately $11,500 of capital expenditures through December 31, 2023 to update the facility to meet its operational needs and expects to incur additional capital expenditures of approximately $7,900 with respect to the facility. 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 8 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. Management does not believe there are any pending claims (asserted or unasserted) as of December 31, 2023 that would have a material adverse impact on the Company's results of operations, financial condition or cash flows. Legal Proceedings Insurance Litigation MBI and its indirect subsidiary Boats LLC were 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”). Boats LLC was 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” and, together with the Batchelder I Plaintiffs, the “Batchelder Plaintiffs”) v. Malibu Boats, LLC v. Dennis Michael Ficarra; Superior Court of Rabun County, Civil Action File No. 2022-CV-0034 (the “Batchelder II Matter” and, together with the Batchelder I Matter, the “Batchelder Matters”). On June 30, 2023, MBI and Boats LLC entered into a Confidential General Release and Settlement Agreement (the “Settlement Agreement”) with the Batchelder Plaintiffs in settlement of the Batchelder Matters and all matters related to the Batchelder Matters. Pursuant to the Settlement Agreement, among other things, Malibu Boats, Inc., or Boats LLC, as the case may be, paid (or caused to be paid) to the Batchelder Plaintiffs and their agents a total of $100,000. MBI and its subsidiaries, including Boats LLC, maintain liability insurance applicable to the Batchelder Matters described above with coverage up to $26,000. As of December 31, 2023, the Company had received approximately $21,000 in insurance coverage proceeds, subject in certain cases to reservations of rights by the insurance carriers. The Company contends that the insurance carriers are responsible for the entirety of the $100,000 settlement amount and related expenses, and therefore, the insurers’ payments to date are well below what they should have tendered to Boats LLC. Accordingly, on July 3, 2023, Boats LLC filed a complaint against Federal Insurance Company (a Chubb subsidiary) and Starr Indemnity & Liability Company alleging that the insurers unreasonably failed to comply with their obligations by refusing, negligently, and in bad faith, to settle covered claims within their available policy limits prior to trial. The Company intends to vigorously pursue its claims against its insurers to recover the full $100,000 settlement amount and expenses (less any monies already tendered without reservation by the carriers). However, the Company cannot predict the outcome of such litigation.

Segment Reporting

Segment Reporting	6 Months Ended
Segment Reporting	Dec. 31, 2023
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 the Company (a) derived net sales equal to 10% of total net sales for the three and six months ended December 31, 2023, or (b) attributed assets equal to 10% of total assets as of December 31, 2023. 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 six months ended December 31, 2023 and 2022, respectively, and the Company’s financial position at December 31, 2023 and June 30, 2023, respectively: Three Months Ended December 31, 2023 Six Months Ended December 31, 2023 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Total Net sales $ 76,389 $ 82,734 $ 51,951 $ 211,074 $ 181,394 $ 175,356 $ 110,154 $ 466,904 Income before provision for income taxes $ 3,905 $ 5,865 $ 4,280 $ 14,050 $ 15,842 $ 14,860 $ 11,096 $ 41,798 Three Months Ended December 31, 2022 Six Months Ended December 31, 2022 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Total Net sales $ 158,166 $ 105,585 $ 74,981 $ 338,732 $ 303,334 $ 197,818 $ 139,791 $ 640,943 Income before provision for income taxes $ 29,055 $ 11,021 $ 7,505 $ 47,581 $ 56,971 $ 21,281 $ 16,457 $ 94,709 As of December 31, 2023 As of June 30, 2023 Assets Malibu $ 196,436 $ 249,447 Saltwater Fishing 429,394 432,806 Cobalt 254,166 243,671 Total assets $ 879,996 $ 925,924

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Between January 1, 2024 and January 30, 2024, three non-controlling LLC Units holders exchanged 131,000 LLC Units for 131,000 shares of Class A Common Stock. No shares of Class B Common Stock were retired in connection with the exchanges.

Organization, Basis of Presen_2

Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2023
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, 2023, 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 Accounting Pronouncements In November, 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-07 , " Segment Reporting (Topic 280 ) Improvements to Reportable Segment Disclosures" which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant expenses. The updated standard is effective for annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. The Company is currently evaluating the effect of adopting this ASU. In December, 2023, the FASB issued ASU No. 2023-09 “ Income Taxes (Topic 740): Improvements to Income Tax Disclosures” which requires two primary enhancements of 1) disaggregated information on a reporting entity’s effective tax rate reconciliation, and 2) information on income taxes paid. For public business entities, the new requirements will be effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the effect of adopting this ASU.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Dec. 31, 2023
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 December 31, 2023 Six Months Ended December 31, 2023 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 74,272 $ 82,480 $ 51,391 $ 208,143 $ 173,711 $ 174,732 $ 108,495 $ 456,938 Part and other sales 2,117 254 560 2,931 7,683 624 1,659 9,966 Net Sales $ 76,389 $ 82,734 $ 51,951 $ 211,074 $ 181,394 $ 175,356 $ 110,154 $ 466,904 Revenue by geography: North America $ 69,123 $ 78,329 $ 51,636 $ 199,088 $ 166,178 $ 170,195 $ 109,092 $ 445,465 International 7,266 4,405 315 11,986 15,216 5,161 1,062 21,439 Net Sales $ 76,389 $ 82,734 $ 51,951 $ 211,074 $ 181,394 $ 175,356 $ 110,154 $ 466,904 Three Months Ended December 31, 2022 Six Months Ended December 31, 2022 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 155,011 $ 105,363 $ 73,830 $ 334,204 $ 295,174 $ 197,256 $ 137,460 $ 629,890 Part and other sales 3,155 222 1,151 4,528 8,160 562 2,331 11,053 Net Sales $ 158,166 $ 105,585 $ 74,981 $ 338,732 $ 303,334 $ 197,818 $ 139,791 $ 640,943 Revenue by geography: North America $ 140,924 $ 104,154 $ 71,986 $ 317,064 $ 271,574 $ 193,095 $ 134,267 $ 598,936 International 17,242 1,431 2,995 21,668 31,760 4,723 5,524 42,007 Net Sales $ 158,166 $ 105,585 $ 74,981 $ 338,732 $ 303,334 $ 197,818 $ 139,791 $ 640,943

Non-controlling Interest (Table

Non-controlling Interest (Tables)	6 Months Ended
Non-controlling Interest (Tables)	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Schedule of Non-controlling Interest	The ownership of the LLC is summarized as follows: As of December 31, 2023 As of June 30, 2023 Units Ownership % Units Ownership % Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC 455,919 2.2 % 455,919 2.2 % Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC 20,298,626 97.8 % 20,603,822 97.8 % 20,754,545 100.0 % 21,059,741 100.0 %

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Dec. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories, net consisted of the following: As of December 31, 2023 As of June 30, 2023 Raw materials $ 120,373 $ 142,948 Work in progress 23,802 19,222 Finished goods 13,591 9,019 Total inventories $ 157,766 $ 171,189

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
Property, Plant and Equipment (Tables)	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment, net consisted of the following: As of December 31, 2023 As of June 30, 2023 Land $ 4,905 $ 4,905 Building and leasehold improvements 119,773 119,324 Machinery and equipment 108,775 103,362 Furniture and fixtures 13,324 12,672 Construction in process 93,944 47,482 340,721 287,745 Less: Accumulated depreciation (95,590) (82,953) Property, plant and equipment, net $ 245,131 $ 204,792

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
Goodwill and Other Intangible Assets (Tables)	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the six months ended December 31, 2023 were as follows: Malibu Saltwater Fishing Cobalt Consolidated Goodwill as of June 30, 2023 $ 12,072 $ 68,714 $ 19,791 $ 100,577 Effect of foreign currency changes on goodwill 156 — — 156 Goodwill as of December 31, 2023 $ 12,228 $ 68,714 $ 19,791 $ 100,733
Schedule of Components of Finite-Lived Intangible Assets	The components of other intangible assets were as follows: As of December 31, 2023 As of June 30, 2023 Estimated Useful Life (in years) Weighted-Average Remaining Useful Life Definite-lived intangibles: Dealer relationships $ 131,780 $ 131,725 15 - 20 15.1 Patent 2,600 2,600 15 8.5 Trade name 100 100 15 6.5 Non-compete agreement 48 46 10 0.8 Total 134,528 134,471 Less: Accumulated amortization (34,679) (31,213) Total definite-lived intangible assets, net 99,849 103,258 Indefinite-lived intangible: Trade name 118,200 118,200 Total other intangible assets, net $ 218,049 $ 221,458
Schedule of Components of Indefinite-Lived Intangible Assets	The components of other intangible assets were as follows: As of December 31, 2023 As of June 30, 2023 Estimated Useful Life (in years) Weighted-Average Remaining Useful Life Definite-lived intangibles: Dealer relationships $ 131,780 $ 131,725 15 - 20 15.1 Patent 2,600 2,600 15 8.5 Trade name 100 100 15 6.5 Non-compete agreement 48 46 10 0.8 Total 134,528 134,471 Less: Accumulated amortization (34,679) (31,213) Total definite-lived intangible assets, net 99,849 103,258 Indefinite-lived intangible: Trade name 118,200 118,200 Total other intangible assets, net $ 218,049 $ 221,458
Schedule of Future Amortization of Definite-Lived Intangible Assets	Estimated future amortization expenses as of December 31, 2023 are as follows: Fiscal years ending June 30: Amount Remainder of 2024 $ 3,378 2025 6,807 2026 6,805 2027 6,805 2028 6,805 2029 and thereafter 69,249 $ 99,849

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
Accrued Expenses (Tables)	Dec. 31, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following: As of December 31, 2023 As of June 30, 2023 Warranties $ 40,587 $ 41,709 Dealer incentives 21,911 14,996 Accrued compensation 12,525 19,671 Current operating lease liabilities 2,283 2,324 Litigation settlement — 100,000 Accrued legal and professional fees 21,715 1,899 Customer deposits 5,412 4,054 Other accrued expenses 2,283 2,425 Total accrued expenses $ 106,716 $ 187,078

Product Warranties (Tables)

Product Warranties (Tables)	6 Months Ended
Product Warranties (Tables)	Dec. 31, 2023
Product Warranties Disclosures [Abstract]
Schedule of Changes in 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 December 31, Six Months Ended December 31, 2023 2022 2023 2022 Beginning balance $ 41,597 $ 39,399 $ 41,709 $ 38,673 Add: Warranty expense 6,622 6,682 13,037 13,087 Less: Warranty claims paid (7,632) (5,568) (14,159) (11,247) Ending balance $ 40,587 $ 40,513 $ 40,587 $ 40,513

Financing (Tables)

Financing (Tables)	6 Months Ended
Financing (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Outstanding Debt	Outstanding debt consisted of the following: As of December 31, 2023 As of June 30, 2023 Term loan $ — $ — Revolving credit loan 35,000 — Total debt 35,000 — Less current maturities — — Long-term debt less current maturities $ 35,000 $ —

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Dec. 31, 2023
Leases [Abstract]
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 December 31, 2023 As of June 30, 2023 Assets Right-of-use assets Other assets $ 7,866 $ 8,808 Liabilities Current operating lease liabilities Accrued expenses $ 2,283 $ 2,324 Long-term operating lease liabilities Other liabilities 6,790 7,843 Total lease liabilities $ 9,073 $ 10,167
Schedule of Lease Cost	Classification Three Months Ended December 31, 2023 Three Months Ended December 31, 2022 Six Months Ended December 31, 2023 Six Months Ended December 31, 2022 Operating lease costs (1) Cost of sales $ 639 $ 646 $ 1,344 $ 1,313 Selling and marketing, and general and administrative 204 237 444 456 Sublease income Other (income) expense, net (9) (9) (19) (19) Cash paid for amounts included in the measurement of operating lease liabilities Cash flows from operating activities 666 622 1,330 1,245 (1) Includes short-term leases, which are insignificant, and are not included in the lease liability.
Schedule of Future Minimum Lease Payments for Operating Leases	Future annual minimum lease payments for the following fiscal years as of December 31, 2023 are as follows: Amount Remainder of 2024 $ 1,336 2025 2,373 2026 2,274 2027 2,258 2028 1,505 2029 and thereafter 1 Total 9,747 Less: imputed interest (674) Present value of lease liabilities $ 9,073

Tax Receivable Agreement Liab_2

Tax Receivable Agreement Liability (Tables)	6 Months Ended
Tax Receivable Agreement Liability (Tables)	Dec. 31, 2023
Tax Receivable Agreement [Abstract]
Schedule of Changes to Tax Receivable Agreement	The following table reflects the changes to the Company's tax receivable agreement liability: As of December 31, 2023 As of June 30, 2023 Beginning fiscal year balance $ 43,465 $ 45,541 Additions (reductions) to tax receivable agreement: Exchange of LLC Units for Class A Common Stock — 1,710 Adjustment for change in estimated state tax rate or benefits — 188 Payments under tax receivable agreement — (3,974) 43,465 43,465 Less: current portion under tax receivable agreement (4,111) (4,111) Ending balance $ 39,354 $ 39,354

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following is a summary of the changes in the Company's stock options for the six months ended December 31, 2023: Shares Weighted-Average Exercise Price/Share Total outstanding options as of June 30, 2023 17,973 $ 37.55 Options granted — — Options exercised — — Outstanding options as of December 31, 2023 17,973 37.55 Exercisable as of December 31, 2023 17,973 $ 37.55
Schedule of Summary of the Changes in Non-vested Restricted Stock	The following is a summary of the changes in non-vested restricted stock units and restricted stock awards for the six months ended December 31, 2023: 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, 2023 324,824 $ 57.98 Granted 230,031 44.95 Vested (91,683) 54.79 Forfeited (24,983) 54.57 Total Non-vested Restricted Stock Units and Restricted Stock Awards as of December 31, 2023 438,189 $ 52.00

Net Earnings Per Share (Tables)

Net Earnings Per Share (Tables)	6 Months Ended
Net Earnings Per Share (Tables)	Dec. 31, 2023
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 December 31, Six Months Ended December 31, 2023 2022 2023 2022 Basic: Net income attributable to Malibu Boats, Inc. $ 9,881 $ 35,162 $ 30,140 $ 70,045 Shares used in computing basic net income per share: Weighted-average Class A Common Stock 20,103,458 20,149,634 20,212,849 20,182,696 Weighted-average participating restricted stock units convertible into Class A Common Stock 272,292 254,949 268,270 249,520 Basic weighted-average shares outstanding 20,375,750 20,404,583 20,481,119 20,432,216 Basic net income per share $ 0.49 $ 1.73 $ 1.47 $ 3.43 Diluted: Net income attributable to Malibu Boats, Inc. $ 9,881 $ 35,162 $ 30,140 $ 70,045 Shares used in computing diluted net income per share: Basic weighted-average shares outstanding 20,375,750 20,404,583 20,481,119 20,432,216 Restricted stock units granted to employees 24,108 49,725 44,613 64,419 Stock options granted to employees 3,899 11,889 4,654 13,289 Market performance awards granted to employees 46,447 49,828 36,832 49,828 Diluted weighted-average shares outstanding 1 20,450,204 20,516,025 20,567,218 20,559,752 Diluted net income per share $ 0.49 $ 1.72 $ 1.47 $ 3.41 1 The Company excluded (i) 597,673 and 761,150 potentially dilutive shares from the calculation of diluted net income per share for the three months ended December 31, 2023 and 2022, respectively, and (ii) 533,968 and 761,150 potentially dilutive shares from the calculation of diluted net income per share for the six months ended December 31, 2023 and 2022, respectively.

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
Segment Reporting (Tables)	Dec. 31, 2023
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 six months ended December 31, 2023 and 2022, respectively, and the Company’s financial position at December 31, 2023 and June 30, 2023, respectively: Three Months Ended December 31, 2023 Six Months Ended December 31, 2023 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Total Net sales $ 76,389 $ 82,734 $ 51,951 $ 211,074 $ 181,394 $ 175,356 $ 110,154 $ 466,904 Income before provision for income taxes $ 3,905 $ 5,865 $ 4,280 $ 14,050 $ 15,842 $ 14,860 $ 11,096 $ 41,798 Three Months Ended December 31, 2022 Six Months Ended December 31, 2022 Malibu Saltwater Fishing Cobalt Consolidated Malibu Saltwater Fishing Cobalt Total Net sales $ 158,166 $ 105,585 $ 74,981 $ 338,732 $ 303,334 $ 197,818 $ 139,791 $ 640,943 Income before provision for income taxes $ 29,055 $ 11,021 $ 7,505 $ 47,581 $ 56,971 $ 21,281 $ 16,457 $ 94,709 As of December 31, 2023 As of June 30, 2023 Assets Malibu $ 196,436 $ 249,447 Saltwater Fishing 429,394 432,806 Cobalt 254,166 243,671 Total assets $ 879,996 $ 925,924

Organization, Basis of Presen_3

Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Details)	6 Months Ended
	Dec. 31, 2023 brand segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of brands \| brand	8
Number of reportable segments \| segment	3

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 211,074	$ 338,732	$ 466,904	$ 640,943
North America
Disaggregation of Revenue [Line Items]
Net sales	199,088	317,064	445,465	598,936
International
Disaggregation of Revenue [Line Items]
Net sales	11,986	21,668	21,439	42,007
Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	208,143	334,204	456,938	629,890
Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	2,931	4,528	9,966	11,053
Malibu
Disaggregation of Revenue [Line Items]
Net sales	76,389	158,166	181,394	303,334
Malibu \| North America
Disaggregation of Revenue [Line Items]
Net sales	69,123	140,924	166,178	271,574
Malibu \| International
Disaggregation of Revenue [Line Items]
Net sales	7,266	17,242	15,216	31,760
Malibu \| Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	74,272	155,011	173,711	295,174
Malibu \| Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	2,117	3,155	7,683	8,160
Saltwater Fishing
Disaggregation of Revenue [Line Items]
Net sales	82,734	105,585	175,356	197,818
Saltwater Fishing \| North America
Disaggregation of Revenue [Line Items]
Net sales	78,329	104,154	170,195	193,095
Saltwater Fishing \| International
Disaggregation of Revenue [Line Items]
Net sales	4,405	1,431	5,161	4,723
Saltwater Fishing \| Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	82,480	105,363	174,732	197,256
Saltwater Fishing \| Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	254	222	624	562
Cobalt
Disaggregation of Revenue [Line Items]
Net sales	51,951	74,981	110,154	139,791
Cobalt \| North America
Disaggregation of Revenue [Line Items]
Net sales	51,636	71,986	109,092	134,267
Cobalt \| International
Disaggregation of Revenue [Line Items]
Net sales	315	2,995	1,062	5,524
Cobalt \| Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	51,391	73,830	108,495	137,460
Cobalt \| Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	$ 560	$ 1,151	$ 1,659	$ 2,331

Non-controlling Interest - Sche

Non-controlling Interest - Schedule of Non-controlling Interest (Details) - Malibu Boats Holdings LLC - shares	Dec. 31, 2023	Jun. 30, 2023
Class of Stock [Line Items]
Units (in shares)	20,754,545	21,059,741
Ownership (as a percent)	100%	100%
Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC
Class of Stock [Line Items]
Units (in shares)	455,919	455,919
Ownership (as a percent)	2.20%	2.20%
Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC
Class of Stock [Line Items]
Units (in shares)	20,298,626	20,603,822
Ownership (as a percent)	97.80%	97.80%

Non-controlling Interest - Narr

Non-controlling Interest - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Noncontrolling Interest [Line Items]
Cancelled shares due to vesting of employee awards (in shares)	17,804
Cancelled shares in connection with the vesting of stock awards with a market condition (in shares)	20,080
Common units, retired (in shares)	38,017
Non-controlling Interest in LLC
Noncontrolling Interest [Line Items]
Tax distributions payable to non-controlling LLC Unit holders	$ 0		$ 776
Distribution paid to noncontrolling interests	$ 890	$ 1,741
Repurchase Agreements
Noncontrolling Interest [Line Items]
Stock redeemed and canceled during period (in shares)	425,407
Class A Common Stock
Noncontrolling Interest [Line Items]
Shares issued during period (in shares)	158,228

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 120,373	$ 142,948
Work in progress	23,802	19,222
Finished goods	13,591	9,019
Total inventories	$ 157,766	$ 171,189

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 340,721		$ 340,721		$ 287,745
Less: Accumulated depreciation	(95,590)		(95,590)		(82,953)
Property, plant and equipment, net	245,131		245,131		204,792
Depreciation expense	6,343	$ 5,388	12,667	$ 10,684
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,905		4,905		4,905
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	119,773		119,773		119,324
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	108,775		108,775		103,362
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	13,324		13,324		12,672
Construction in process
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 93,944		$ 93,944		$ 47,482

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill as of June 30, 2023	$ 100,577
Effect of foreign currency changes on goodwill	156
Goodwill as of December 31, 2023	100,733
Malibu
Goodwill [Roll Forward]
Goodwill as of June 30, 2023	12,072
Effect of foreign currency changes on goodwill	156
Goodwill as of December 31, 2023	12,228
Saltwater Fishing
Goodwill [Roll Forward]
Goodwill as of June 30, 2023	68,714
Effect of foreign currency changes on goodwill	0
Goodwill as of December 31, 2023	68,714
Cobalt
Goodwill [Roll Forward]
Goodwill as of June 30, 2023	19,791
Effect of foreign currency changes on goodwill	0
Goodwill as of December 31, 2023	$ 19,791

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Components of Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 134,528	$ 134,471
Less: Accumulated amortization	(34,679)	(31,213)
Total definite-lived intangible assets, net	99,849	103,258
Indefinite-lived intangible:
Total other intangible assets, net	218,049	221,458
Trade name
Indefinite-lived intangible:
Trade name	118,200	118,200
Dealer relationships
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 131,780	131,725
Weighted-Average Remaining Useful Life (in years)	15 years 1 month 6 days
Dealer relationships \| Minimum
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	15 years
Dealer relationships \| Maximum
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	20 years
Patent
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 2,600	2,600
Estimated Useful Life (in years)	15 years
Weighted-Average Remaining Useful Life (in years)	8 years 6 months
Trade name
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 100	100
Estimated Useful Life (in years)	15 years
Weighted-Average Remaining Useful Life (in years)	6 years 6 months
Non-compete agreement
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 48	$ 46
Estimated Useful Life (in years)	10 years
Weighted-Average Remaining Useful Life (in years)	9 months 18 days

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1,713	$ 1,715	$ 3,428	$ 3,431

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Estimated Future Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 3,378
2025	6,807
2026	6,805
2027	6,805
2028	6,805
2029 and thereafter	69,249
Total definite-lived intangible assets, net	$ 99,849	$ 103,258

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Payables and Accruals [Abstract]
Warranties	$ 40,587	$ 41,709
Dealer incentives	21,911	14,996
Accrued compensation	12,525	19,671
Current operating lease liabilities	2,283	2,324
Litigation settlement	0	100,000
Accrued legal and professional fees	21,715	1,899
Customer deposits	5,412	4,054
Other accrued expenses	2,283	2,425
Total accrued expenses	$ 106,716	$ 187,078

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Jun. 30, 2023
Loss Contingencies [Line Items]
Litigation settlement	$ 0	$ 100,000
Batchelder et al. v. Malibu Boats, LLC
Loss Contingencies [Line Items]
Proceeds from insurance coverage	$ 21,000
Settled Litigation \| Product Liability Cases
Loss Contingencies [Line Items]
Litigation settlement		$ 100,000

Product Warranties - Narrative

Product Warranties - Narrative (Details)	6 Months Ended	12 Months Ended
Product Warranties - Narrative (Details)	Dec. 31, 2023	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Product Warranty Liability [Line Items]
Standard product warranty, period, year four	4 years
Standard product warranty, period, year five	5 years
Malibu and Axis Brand Boats \| Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	1 year
Malibu and Axis Brand Boats \| Engines
Product Warranty Liability [Line Items]
Standard product warranty, term, hours	500 hours
Cobalt \| Structural Warranty
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Cobalt \| Bow-to-stern
Product Warranty Liability [Line Items]
Standard product warranty, period		5 years	3 years
Saltwater Fishing \| Bow-to-stern
Product Warranty Liability [Line Items]
Standard product warranty, period	2 years
Maverick, Pathfinder, and Hewes Brand Boats \| Bow-to-stern
Product Warranty Liability [Line Items]
Standard product warranty, period	1 year
Cobia \| Bow-to-stern
Product Warranty Liability [Line Items]
Standard product warranty, period	3 years
Malibu Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period				5 years	3 years
Axis Boats
Product Warranty Liability [Line Items]
Standard product warranty, period				5 years	2 years
Maximum \| Malibu and Axis Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Maximum \| Malibu and Axis Brand Boats \| Engines
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Maximum \| Cobalt \| Structural Warranty
Product Warranty Liability [Line Items]
Standard product warranty, period	10 years
Maximum \| Cobalt \| Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	3 years
Maximum \| Saltwater Fishing \| Structural Warranty And Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Maximum \| Maverick, Pathfinder, and Hewes Brand Boats \| Structural Warranty And Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Maximum \| Cobia \| Structural Warranty And Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	10 years

Product Warranties - Schedule o

Product Warranties - Schedule of Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 41,597	$ 39,399	$ 41,709	$ 38,673
Add: Warranty expense	6,622	6,682	13,037	13,087
Less: Warranty claims paid	(7,632)	(5,568)	(14,159)	(11,247)
Ending balance	$ 40,587	$ 40,513	$ 40,587	$ 40,513

Financing - Schedule of Debt (D

Financing - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Line of Credit Facility [Line Items]
Total debt	$ 35,000	$ 0
Less current maturities	0	0
Long-term debt less current maturities	35,000	0
Long-Term Debt \| Credit Agreement
Line of Credit Facility [Line Items]
Total debt	0	0
Line of Credit \| Revolving Credit Facility \| Credit Agreement
Line of Credit Facility [Line Items]
Total debt	$ 35,000	$ 0

Financing - Narrative (Details)

Financing - Narrative (Details) - USD ($)	6 Months Ended
Financing - Narrative (Details) - USD ($)	Dec. 31, 2023	Jul. 08, 2022
Credit Agreement
Line of Credit Facility [Line Items]
Letters of credit outstanding	$ 1,578,000
Effective interest rate (as a percent)	6.41%
Maximum amount, purchase of stock or stock options (up to)	$ 5,000,000
Consolidated leverage ratio	2.75
Incremental Term Loans
Line of Credit Facility [Line Items]
Outstanding principal		$ 200,000,000
Revolving Credit Facility \| Credit Agreement
Line of Credit Facility [Line Items]
Remaining borrowing capacity	$ 313,422,000
Revolving Credit Facility \| Credit Agreement \| Minimum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee percentage (as a percent)	0.15%
Revolving Credit Facility \| Credit Agreement \| Maximum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee percentage (as a percent)	0.30%
Revolving Credit Facility \| Credit Agreement \| Federal Funds
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.50%
Revolving Credit Facility \| Credit Agreement \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1%
Revolving Credit Facility \| Credit Agreement \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.25%
Revolving Credit Facility \| Credit Agreement \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1%
Revolving Credit Facility \| Credit Agreement \| SOFR \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.25%
Revolving Credit Facility \| Credit Agreement \| SOFR \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	2%
Line of Credit \| Revolving Credit Facility \| Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 350,000,000
Incremental term loans, amount	$ 35,000,000

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities, Lessee (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Assets
Right-of-use assets	$ 7,866	$ 8,808
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Liabilities
Current operating lease liabilities	$ 2,283	$ 2,324
Long-term operating lease liabilities	6,790	7,843
Total lease liabilities	$ 9,073	$ 10,167
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses	Accrued expenses
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Operating Leased Assets [Line Items]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 666	$ 622	$ 1,330	$ 1,245
Cost of sales
Operating Leased Assets [Line Items]
Operating lease costs	639	646	1,344	1,313
Selling and marketing, and general and administrative
Operating Leased Assets [Line Items]
Operating lease costs	204	237	444	456
Other (income) expense, net
Operating Leased Assets [Line Items]
Sublease income	$ (9)	$ (9)	$ (19)	$ (19)

Leases - Narrative (Details)

Leases - Narrative (Details)	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted average remaining lease term (in years)	4 years 29 days	5 years 29 days
Weighted average discount rate (as a percent)	3.69%	3.64%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Amount
Remainder of 2024	$ 1,336
2025	2,373
2026	2,274
2027	2,258
2028	1,505
2029 and thereafter	1
Total	9,747
Less: imputed interest	(674)
Present value of lease liabilities	$ 9,073	$ 10,167

Tax Receivable Agreement Liab_3

Tax Receivable Agreement Liability - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Jun. 30, 2023
Tax Receivable Agreement [Abstract]
Tax receivable agreement, percentage of realized cash saving in tax to be pass through (as a percent)	85%
Investment in subsidiaries	$ 118,148	$ 118,148
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	6 Months Ended	12 Months Ended
	Dec. 31, 2023	Jun. 30, 2023
Tax Receivable Agreement [Roll Forward]
Beginning fiscal year balance	$ 43,465	$ 45,541
Additions (reductions) to tax receivable agreement:
Exchange of LLC Units for Class A Common Stock	0	1,710
Adjustment for change in estimated state tax rate or benefits	0	188
Payments under tax receivable agreement	0	(3,974)
Ending fiscal year balance	43,465	43,465
Less: current portion under tax receivable agreement	(4,111)	(4,111)
Ending balance	$ 39,354	$ 39,354

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Valuation allowance	$ 16,753		$ 16,753		$ 16,876
Foreign tax credits	$ 580		$ 580		$ 580
Effective tax rate (as a percent)	27.80%	23.50%	26%	23.40%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Thousands			3 Months Ended		6 Months Ended
	Nov. 27, 2023 USD ($) award $ / shares shares	Nov. 06, 2023 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Jan. 01, 2014 shares
Restricted Stock Units (RSUs) \| Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested (in shares)			10,675		11,477
Restricted Stock Units and Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)					230,031
Vested (in shares)					91,683
Performance Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense \| $			$ (1,600)
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
Number of shares available for grant (in shares)			204,722		204,722
Stock compensation expense \| $			$ (137)	$ 2,016	$ 1,323	$ 3,651
Long-Term Incentive Plan \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)		79,000
Long-Term Incentive Plan \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)		35,000
Long-Term Incentive Plan \| Restricted Stock Units and Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period \| $		$ 5,116
Share price (in dollars per share) \| $ / shares		$ 44.87
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 (as a percent)		70%
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 (as a percent)		30%
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)		26,000
Grants in period \| $		$ 1,167
Share price (in dollars per share) \| $ / shares		$ 44.87
Maximum number of shares available for issue if target is met		39,000
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)		26,000
Grants in period \| $		$ 1,284
Maximum number of shares available for issue if target is met		52,000
Long-Term Incentive Plan \| Service Based Stock Award \| Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period \| $	$ 600
Share price (in dollars per share) \| $ / shares	$ 44.85
Number of awards granted \| award	2
Long-Term Incentive Plan \| Service Based Stock Award \| Period one \| Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	7,000
Restricted stock vesting period (in years)	2 years
Long-Term Incentive Plan \| Service Based Stock Award \| Period two \| Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	6,000
Restricted stock vesting period (in years)	4 years

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options (Details)	6 Months Ended
Stock-Based Compensation - Stock Options (Details)	Dec. 31, 2023 $ / shares shares
Shares
Outstanding options at beginning of period (in shares) \| shares	17,973
Options granted (in shares) \| shares	0
Options exercised (in shares) \| shares	0
Outstanding options at end of period (in shares) \| shares	17,973
Exercisable at end of period (in shares) \| shares	17,973
Weighted-Average Exercise Price/Share
Outstanding options at beginning of period (in dollars per share) \| $ / shares	$ 37.55
Options granted (in dollars per share) \| $ / shares	0
Options exercised (in dollars per share) \| $ / shares	0
Outstanding options at end of period (in dollars per share) \| $ / shares	37.55
Exercisable at end of period (in dollars per share) \| $ / shares	$ 37.55

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Changes in Non-vested Restricted Shares (Details) - Restricted Stock Units and Restricted Stock Awards	6 Months Ended
	Dec. 31, 2023 $ / shares shares
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) \| shares	324,824
Granted (in shares) \| shares	230,031
Vested (in shares) \| shares	(91,683)
Forfeited (in shares) \| shares	(24,983)
Total Non-vested Restricted Stock Units and Restricted Stock Awards at end of period (in shares) \| shares	438,189
Weighted-Average Grant Date Fair Value
Total Non-vested Restricted Stock Units and Restricted Stock Awards at beginning of period (in dollars per share) \| $ / shares	$ 57.98
Granted (in dollars per share) \| $ / shares	44.95
Vested (in dollars per share) \| $ / shares	54.79
Forfeited (in dollars per share) \| $ / shares	54.57
Total Non-vested Restricted Stock Units and Restricted Stock Awards at end of period (in dollars per share) \| $ / shares	$ 52

Net Earnings Per Share (Details

Net Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Basic:
Net income attributable to Malibu Boats, Inc.	$ 9,881	$ 35,162	$ 30,140	$ 70,045
Shares used in computing basic net income per share:
Basic weighted-average shares outstanding (in shares)	20,375,750	20,404,583	20,481,119	20,432,216
Basic net income per share (in dollars per share)	$ 0.49	$ 1.73	$ 1.47	$ 3.43
Diluted:
Net income attributable to Malibu Boats, Inc.	$ 9,881	$ 35,162	$ 30,140	$ 70,045
Shares used in computing diluted net income per share:
Basic weighted-average shares outstanding (in shares)	20,375,750	20,404,583	20,481,119	20,432,216
Diluted weighted-average shares outstanding (in shares)	20,450,204	20,516,025	20,567,218	20,559,752
Diluted net income per share (in dollars per share)	$ 0.49	$ 1.72	$ 1.47	$ 3.41
Antidilutive securities (in shares)	597,673	761,150	533,968	761,150
Restricted Stock Units (RSUs)
Shares used in computing basic net income per share:
Weighted average number of shares issued, basic (in shares)	272,292	254,949	268,270	249,520
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	24,108	49,725	44,613	64,419
Stock Options
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	3,899	11,889	4,654	13,289
Performance Awards
Shares used in computing diluted net income per share:
Awards granted to employees (in shares)	46,447	49,828	36,832	49,828
Class A Common Stock
Shares used in computing basic net income per share:
Weighted average number of shares issued, basic (in shares)	20,103,458	20,149,634	20,212,849	20,182,696

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands				3 Months Ended		6 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Jul. 25, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 28, 2023 USD ($)	Dec. 31, 2023 USD ($) unit	Dec. 31, 2022 unit	Dec. 31, 2023 USD ($) unit	Dec. 31, 2022 USD ($) unit
Loss Contingencies [Line Items]
Floor financing, repurchase obligations		$ 385,448		$ 478,364		$ 478,364
Number of repurchase units \| unit				0	0	0	0
Financing receivables		0		$ 0		$ 0
Purchases of property, plant and equipment	$ 25,500		$ 33,300			52,101	$ 22,339
Escrow deposit		7,800
Capital expenditures incurred						11,500
Capital expenditures in accounts payable	$ 7,900
Batchelder et al. v. Malibu Boats, LLC
Loss Contingencies [Line Items]
Litigation settlement, amount paid		100,000				100,000
Insurance coverage		$ 26,000
Proceeds from insurance coverage						$ 21,000

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	6 Months Ended
Segment Reporting - Narrative (Details)	Dec. 31, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 211,074	$ 338,732	$ 466,904	$ 640,943
Income before provision for income taxes	14,050	47,581	41,798	94,709
Total assets	879,996		879,996		$ 925,924
Malibu
Segment Reporting Information [Line Items]
Net sales	76,389	158,166	181,394	303,334
Income before provision for income taxes	3,905	29,055	15,842	56,971
Total assets	196,436		196,436		249,447
Saltwater Fishing
Segment Reporting Information [Line Items]
Net sales	82,734	105,585	175,356	197,818
Income before provision for income taxes	5,865	11,021	14,860	21,281
Total assets	429,394		429,394		432,806
Cobalt
Segment Reporting Information [Line Items]
Net sales	51,951	74,981	110,154	139,791
Income before provision for income taxes	4,280	$ 7,505	11,096	$ 16,457
Total assets	$ 254,166		$ 254,166		$ 243,671

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event	1 Months Ended
Subsequent Events (Details) - Subsequent Event	Jan. 30, 2024 numberOfUnitHolder shares
Subsequent Event [Line Items]
Number of noncontrolling LLC unit holders \| numberOfUnitHolder	3
Common units exchanged (in shares)	131,000
Class A Common Stock
Subsequent Event [Line Items]
Number of shares exchanged for LLC units (in shares)	131,000
Class B Common Stock
Subsequent Event [Line Items]
Stock retired (in shares)	0