2012 Q4 Form 10-Q Financial Statement

#000119312513043446 Filed on February 07, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4
Revenue $99.05M $91.79M
YoY Change 7.91% -0.45%
Cost Of Revenue $72.77M $66.21M
YoY Change 9.91% -3.48%
Gross Profit $26.28M $25.57M
YoY Change 2.75% 8.36%
Gross Profit Margin 26.53% 27.86%
Selling, General & Admin $29.44M $28.57M
YoY Change 3.06% 4.27%
% of Gross Profit 112.04% 111.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.675M $1.588M
YoY Change 5.48% -6.59%
% of Gross Profit 6.37% 6.21%
Operating Expenses $29.44M $28.57M
YoY Change 3.06% 4.27%
Operating Profit -$3.165M -$2.996M
YoY Change 5.64% -21.16%
Interest Expense $997.0K $1.217M
YoY Change -18.08% -252.13%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$4.162M -$4.213M
YoY Change -1.21% -10.36%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$4.162M -$4.213M
YoY Change -1.21% -10.36%
Net Earnings / Revenue -4.2% -4.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.18 -$0.19
COMMON SHARES
Basic Shares Outstanding 22.96M shares 22.59M shares
Diluted Shares Outstanding 22.96M shares 22.59M shares

Balance Sheet

Concept 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.40M $13.80M
YoY Change 11.59% -20.23%
Cash & Equivalents $15.39M $13.80M
Short-Term Investments
Other Short-Term Assets $4.700M $4.300M
YoY Change 9.3% -8.51%
Inventory $226.8M $224.7M
Prepaid Expenses
Receivables $13.51M $17.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $260.4M $260.5M
YoY Change -0.03% 13.9%
LONG-TERM ASSETS
Property, Plant & Equipment $98.87M $101.7M
YoY Change -2.78% 0.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.953M $1.000M
YoY Change 295.3% -28.57%
Total Long-Term Assets $102.8M $102.6M
YoY Change 0.22% -0.19%
TOTAL ASSETS
Total Short-Term Assets $260.4M $260.5M
Total Long-Term Assets $102.8M $102.6M
Total Assets $363.3M $363.1M
YoY Change 0.04% 9.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.782M $5.200M
YoY Change 11.19% 40.54%
Accrued Expenses $20.25M $21.80M
YoY Change -7.12% -8.79%
Deferred Revenue
YoY Change
Short-Term Debt $123.4M $130.2M
YoY Change -5.25% 37.63%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $163.2M $165.6M
YoY Change -1.44% 28.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.900M $5.300M
YoY Change -64.15% 26.19%
Total Long-Term Liabilities $1.853M $5.300M
YoY Change -65.04% 26.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $163.2M $165.6M
Total Long-Term Liabilities $1.853M $5.300M
Total Liabilities $165.1M $170.9M
YoY Change -3.41% 28.69%
SHAREHOLDERS EQUITY
Retained Earnings -$3.317M
YoY Change
Common Stock $217.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.81M
YoY Change
Treasury Stock Shares 790.9K shares
Shareholders Equity $198.2M $192.2M
YoY Change
Total Liabilities & Shareholders Equity $363.3M $363.1M
YoY Change 0.04% 9.53%

Cashflow Statement

Concept 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income -$4.162M -$4.213M
YoY Change -1.21% -10.36%
Depreciation, Depletion And Amortization $1.675M $1.588M
YoY Change 5.48% -6.59%
Cash From Operating Activities -$9.793M -$16.22M
YoY Change -39.64% -2804.0%
INVESTING ACTIVITIES
Capital Expenditures $2.772M $1.298M
YoY Change 113.56% -244.22%
Acquisitions
YoY Change
Other Investing Activities $1.300M $200.0K
YoY Change 550.0%
Cash From Investing Activities -$1.502M -$1.051M
YoY Change 42.91% 16.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.071M 11.69M
YoY Change -73.74% 963.0%
NET CHANGE
Cash From Operating Activities -9.793M -16.22M
Cash From Investing Activities -1.502M -1.051M
Cash From Financing Activities 3.071M 11.69M
Net Change In Cash -8.224M -5.582M
YoY Change 47.33% -797.75%
FREE CASH FLOW
Cash From Operating Activities -$9.793M -$16.22M
Capital Expenditures $2.772M $1.298M
Free Cash Flow -$12.57M -$17.52M
YoY Change -28.29% -1268.13%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.041 pure
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5735000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.46
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
790900 shares
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
23841083 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
500000 shares
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13804000
CY2011Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2200000
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
163216000
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4712000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3317000
CY2012Q4 us-gaap Assets
Assets
363253000
CY2012Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
13820000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15393000
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
372000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.47
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13513000
CY2012Q4 us-gaap Inventory Net
InventoryNet
226812000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2938002 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
613299 shares
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3953000
CY2012Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3700000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
363253000
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23763811 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
120778 shares
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-4213000
CY2012Q4 us-gaap Debt Instrument Basis Spread On Variable Rate
DebtInstrumentBasisSpreadOnVariableRate
0.0350 pure
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
198184000
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
4395000
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
24000
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2067658 shares
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1853000
CY2012Q4 us-gaap Liabilities
Liabilities
165069000
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
0
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2400000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.63
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
15810000
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
20248000
CY2012Q4 us-gaap Number Of Stores
NumberOfStores
52 Store
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
98870000
CY2012Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
18 Location
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22972911 shares
CY2012Q4 us-gaap Assets Current
AssetsCurrent
260430000
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
123366000
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.040 pure
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
217287000
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5782000
CY2012Q4 hzo Share Based Compensation Arrangement By Share Based Payment Award Option Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionExercisableWeightedAverageRemainingContractualTerm
P6Y2M12D
CY2012Q4 hzo Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3
P7Y1M6D
CY2012Q4 hzo Short Term Borrowing To Finance Working Capital Need
ShortTermBorrowingToFinanceWorkingCapitalNeed
123400000
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19386000
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4588000
CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
790900 shares
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
160865000
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5053000
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
845000
CY2012Q3 us-gaap Assets
Assets
365121000
CY2012Q3 us-gaap Customer Deposits Current
CustomerDepositsCurrent
8495000
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23617000
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.86
CY2012Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
18820000
CY2012Q3 us-gaap Inventory Net
InventoryNet
215120000
CY2011 hzo Economic Conditions Geographic Revenue Percentage
EconomicConditionsGeographicRevenuePercentage
0.50 pure
CY2012 hzo Brunswick Marine Sales Excess Representation
BrunswickMarineSalesExcessRepresentation
0.07 pure
CY2012 hzo Economic Conditions Geographic Revenue Percentage
EconomicConditionsGeographicRevenuePercentage
0.49 pure
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2507685 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1062448 shares
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3715000
CY2012Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2800000
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
365121000
CY2012Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23701050 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
124108 shares
CY2012Q3 us-gaap Common Stock Value
CommonStockValue
24000
CY2012Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2012Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3312000
CY2012Q3 us-gaap Liabilities
Liabilities
164177000
CY2012Q3 us-gaap Sales Revenue Goods Net Percentage
SalesRevenueGoodsNetPercentage
0.47 pure
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.62
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
15810000
CY2012Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23266000
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
98796000
CY2012Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22910150 shares
CY2012Q3 us-gaap Assets Current
AssetsCurrent
262610000
CY2012Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
120647000
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
215885000
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
200944000
CY2012Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
8457000
CY2012Q3 hzo Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term3
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3
P6Y6M
CY2012Q3 hzo Advances On New Inventory From Original Invoice Date Period
AdvancesOnNewInventoryFromOriginalInvoiceDatePeriod
P550D
CY2012Q3 hzo Advances On Used Inventory From Used Inventory Date Period
AdvancesOnUsedInventoryFromUsedInventoryDatePeriod
P366D
CY2012Q3 hzo Payment Due To New Inventory Subject To Curtailment
PaymentDueToNewInventorySubjectToCurtailment
P1Y
CY2010 hzo Economic Conditions Geographic Revenue Percentage
EconomicConditionsGeographicRevenuePercentage
0.54 pure
CY2012 hzo Excess Representation Of Marine Sales Including Other Sales
ExcessRepresentationOfMarineSalesIncludingOtherSales
0.42 pure
CY2011Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1588000
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2011Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1051000
CY2011Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2011Q4 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-649000
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22592370 shares
CY2011Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1531000
CY2011Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
shares
CY2011Q4 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
11407000
CY2011Q4 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
0
CY2011Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11693000
CY2011Q4 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4475000
CY2011Q4 us-gaap Interest Paid
InterestPaid
1129000
CY2011Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22592370 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
38000
CY2011Q4 us-gaap Share Based Compensation
ShareBasedCompensation
1089000
CY2011Q4 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5582000
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-2996000
CY2011Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
66213000
CY2011Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5082000
CY2011Q4 us-gaap Gross Profit
GrossProfit
25574000
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22592370 shares
CY2011Q4 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
371000
CY2011Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-586000
CY2011Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28570000
CY2011Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2011Q4 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
286000
CY2011Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1298000
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
91787000
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue
600000
CY2011Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
65000
CY2011Q4 us-gaap Interest Expense
InterestExpense
1217000
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.00
CY2011Q4 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3472000
CY2011Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
247000
CY2011Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16224000
CY2011Q4 hzo Income Loss Before Income Tax Benefit
IncomeLossBeforeIncomeTaxBenefit
-4213000
CY2012Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2012Q4 dei Document Type
DocumentType
10-Q
CY2012Q4 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012Q4 dei Entity Central Index Key
EntityCentralIndexKey
0001057060
CY2012Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2012Q4 dei Trading Symbol
TradingSymbol
HZO
CY2012Q4 dei Entity Registrant Name
EntityRegistrantName
MARINEMAX INC
CY2012Q4 dei Amendment Flag
AmendmentFlag
false
CY2012Q4 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012Q4 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
18832 shares
CY2012Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1675000
CY2012Q4 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In order to provide comparability between periods presented, certain amounts have been reclassified from the previously reported unaudited condensed consolidated financial statements to conform to the unaudited condensed consolidated financial statement presentation of the current period.</font></p> </div>
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
CY2012Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1502000
CY2012Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2012Q4 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
5325000
CY2012Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.46
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
557250 shares
CY2012Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
84000
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22955715 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
108101 shares
CY2012Q4 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2012-07-31
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.10
CY2012Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5307000
CY2012Q4 us-gaap Interest Paid
InterestPaid
1037000
CY2012Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22955715 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
74000
CY2012Q4 us-gaap Share Based Compensation
ShareBasedCompensation
1050000
CY2012Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.49
CY2012Q4 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
2719000
CY2012Q4 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-8224000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-3165000
CY2012Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1050000
CY2012Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
72773000
CY2012Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
268000
CY2012Q4 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1. COMPANY BACKGROUND:</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We are the largest recreational boat retailer in the United&#xA0;States. We engage primarily in the retail sale, brokerage, and service of new and used boats, motors, trailers, marine parts and accessories and offer slip and storage accommodations in certain locations. In addition, we arrange related boat financing, insurance, and extended service contracts. We recently implemented programs to increase substantially our sale over the Internet of used boats and a wide range of boating parts, accessories, supplies, and products; the sale of boats, boating parts, and accessories, as well as the offer of finance and insurance, or F&amp;I, products at various offsite locations; and the charter of power and sailing yachts in the British Virgin Islands. None of these recently implemented programs have had a material effect on our condensed consolidated financial statements. As of December&#xA0;31, 2012, we operated through 52 retail locations in 18 states, consisting of Alabama, Arizona, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas. Our MarineMax Vacations operations maintain a facility in Tortola, British Virgin Islands.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We are the nation&#x2019;s largest retailer of Sea Ray, Boston Whaler, Bayliner, Meridian, Cabo, and Hatteras recreational boats and yachts, all of which are manufactured by Brunswick Corporation (&#x201C;Brunswick&#x201D;). Sales of new Brunswick boats accounted for approximately 47% of our revenue in fiscal 2012. Brunswick is the world&#x2019;s largest manufacturer of marine products and marine engines. We believe we represented in excess of 7% of all Brunswick marine sales, including approximately 42% of its Sea Ray boat sales, during our 2012 fiscal year.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We have dealership agreements with Sea Ray, Boston Whaler, Bayliner, Cabo, Hatteras, Meridian, and Mercury Marine, all subsidiaries or divisions of Brunswick. We also have dealer agreements with Italy-based Azimut-Benetti Group&#x2019;s product line for Azimut Yachts. These agreements allow us to purchase, stock, sell, and service these manufacturers&#x2019; boats and products. These agreements also allow us to use these manufacturers&#x2019; names, trade symbols, and intellectual properties in our operations.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We are a party to a multi-year dealer agreement with Brunswick covering Sea Ray products that appoints us as the exclusive dealer of Sea Ray boats in our geographic markets. We are the exclusive dealer for Boston Whaler and Bayliner through multi-year dealer agreements for many of our geographic markets. We are a party to a multi-year dealer agreement with Hatteras Yachts that gives us the exclusive right to sell Hatteras Yachts throughout the states of Florida (excluding the Florida panhandle), New Jersey, New York, and Texas. We are also the exclusive dealer for Cabo Yachts throughout the states of Florida, New Jersey, and New York through a multi-year dealer agreement. In addition, we are the exclusive dealer for Azimut Yachts for the entire United States through a multi-year dealer agreement. We believe non-Brunswick brands offer a migration for our existing customer base or fill a void in our product offerings, and accordingly, do not compete with the business generated from our other prominent brands.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">As is typical in the industry, we deal with manufacturers, other than Sea Ray, Boston Whaler, Bayliner, Cabo, Hatteras, Meridian, and Azimut Yachts, under renewable annual dealer agreements, each of which gives us the right to sell various makes and models of boats within a given geographic region. Any change or termination of these agreements, or the agreements discussed above, for any reason, or changes in competitive, regulatory, or marketing practices, including rebate or incentive programs, could adversely affect our results of operations. Although there are a limited number of manufacturers of the type of boats and products that we sell, we believe that adequate alternative sources would be available to replace any manufacturer other than Sea Ray as a product source. These alternative sources may not be available at the time of any interruption, and alternative products may not be available at comparable terms, which could affect operating results adversely.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">General economic conditions and consumer spending patterns can negatively impact our operating results. Unfavorable local, regional, national, or global economic developments or uncertainties regarding future economic prospects could reduce consumer spending in the markets we serve and adversely affect our business. Economic conditions in areas in which we operate dealerships, particularly Florida in which we generated 54%, 50%, and 49% of our revenue during fiscal 2010, 2011, and 2012, respectively, can have a major impact on our operations. Local influences, such as corporate downsizing, military base closings, inclement weather such as Hurricane Sandy, environmental conditions, and specific events, such as the BP oil spill in the Gulf of Mexico, also could adversely affect our operations in certain markets.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px"> &#xA0;</p> <p style="MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In an economic downturn, consumer discretionary spending levels generally decline, at times resulting in disproportionately large reductions in the sale of luxury goods. Consumer spending on luxury goods also may decline as a result of lower consumer confidence levels, even if prevailing economic conditions are favorable. Although we have expanded our operations during periods of stagnant or modestly declining industry trends, the cyclical nature of the recreational boating industry or the lack of industry growth may adversely affect our business, financial condition, and results of operations. Any period of adverse economic conditions or low consumer confidence has a negative effect on our business.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Lower consumer spending resulting from a downturn in the housing market and other economic factors adversely affected our business in fiscal 2007, and continued weakness in consumer spending and depressed economic conditions had a very substantial negative effect on our business in each subsequent fiscal year. These conditions caused us to substantially reduce our acquisition program, delay new store openings, reduce our inventory purchases, engage in inventory reduction efforts, close a number of our retail locations, reduce our headcount, and amend and replace our credit facility. Acquisitions and new store openings remain important strategies to our company, and we plan to resume our growth through these strategies when more normal economic conditions return. However, we cannot predict the length or severity of these unfavorable economic or financial conditions or the extent to which they will continue to adversely affect our operating results nor can we predict the effectiveness of the measures we have taken to address this environment or whether additional measures will be necessary.</font></p> </div>
CY2012Q4 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1250000
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2012Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11692000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
52837 shares
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-4162000
CY2012Q4 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2675000
CY2012Q4 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
0
CY2012Q4 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
261000
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22955715 shares
CY2012Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3071000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P1Y
CY2012Q4 us-gaap Gross Profit
GrossProfit
26278000
CY2012Q4 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
The covenants include provisions that our leverage ratio must not exceed 2.75 to 1.0 and that our current ratio must be greater than 1.2 to 1.0
CY2012Q4 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
352000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
3330 shares
CY2012Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-103000
CY2012Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29443000
CY2012Q4 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
352000
CY2012Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2772000
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
99051000
CY2012Q4 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4477000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue
1100000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
9.11
CY2012Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-14000
CY2012Q4 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. The estimates made by us in the accompanying unaudited condensed consolidated financial statements include valuation allowances, valuation of goodwill and intangible assets, valuation of long-lived assets, and valuation of accruals. Actual results could differ from those estimates.</font></p> </div>
CY2012Q4 us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
Interest rate for amounts outstanding under the CGI Facility is 350 basis points above the one-month LIBOR.
CY2012Q4 us-gaap Interest Expense
InterestExpense
997000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.48
CY2012Q4 hzo Full Service Yacht Repair Operations Number
FullServiceYachtRepairOperationsNumber
2 Operations
CY2012Q4 hzo Income Loss Before Income Tax Benefit
IncomeLossBeforeIncomeTaxBenefit
-4162000
CY2012Q4 hzo Independent Recreational Boat Dealers In Number
IndependentRecreationalBoatDealersInNumber
5 Dealer
CY2012Q4 hzo Inventory Financing Additional Available Borrowings
InventoryFinancingAdditionalAvailableBorrowings
36400000
CY2012Q4 hzo Inventory Financing Floor Plan Financing Commitment
InventoryFinancingFloorPlanFinancingCommitment
30000000
CY2012Q4 hzo Payment Due To New Inventory Subject To Curtailment
PaymentDueToNewInventorySubjectToCurtailment
P6M
CY2012Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
20000
CY2012Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9793000
CY2012Q4 hzo Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantInPeriod
shares
CY2012Q4 hzo Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantForfeituresAndExpirationsInPeriod
108101 shares
CY2012Q4 hzo Advances On New Inventory From Original Invoice Date Period
AdvancesOnNewInventoryFromOriginalInvoiceDatePeriod
P1081D
CY2012Q4 hzo Advances On Used Inventory From Used Inventory Date Period
AdvancesOnUsedInventoryFromUsedInventoryDatePeriod
P361D
CY2012Q4 hzo Cgi Facility Advances Outstanding Period
CgiFacilityAdvancesOutstandingPeriod
P18M
CY2012Q4 hzo Cgi Facility Advances Term
CgiFacilityAdvancesTerm
P1Y
CY2012Q4 hzo Credit Facility Subject To Extension For Two One Year Periods
CreditFacilitySubjectToExtensionForTwoOneYearPeriods
2015-06-30
CY2012Q4 hzo Payment Due To Used Inventory Subject To Curtailment
PaymentDueToUsedInventorySubjectToCurtailment
P6M
CY2012Q4 hzo Recreational Boat Dealers In Number
RecreationalBoatDealersInNumber
22 Dealer
CY2012Q4 hzo Share Based Compensation Arrangement By Share Based Payment Award Award Implementation Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardImplementationDescription
Implementation of up to 10 annual offerings beginning on the first day of October starting in 2008, with each offering terminating on September 30 of the following year
CY2012Q4 hzo Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Common Stock Value Per Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfCommonStockValuePerEmployee
25000
CY2012Q4 hzo Share Based Compensation Arrangement By Share Based Payment Award Participant Earning Percent During Offering Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardParticipantEarningPercentDuringOfferingPeriod
0.10 pure
CY2012Q4 hzo Share Based Compensation Arrangement By Share Based Payment Award Purchase Price Of Common Stock Percent On Last Day Of Offering
ShareBasedCompensationArrangementByShareBasedPaymentAwardPurchasePriceOfCommonStockPercentOnLastDayOfOffering
0.85 pure
CY2012Q4 hzo Boat Brokerage Operations Number
BoatBrokerageOperationsNumber
2 Operations

Files In Submission

Name View Source Status
0001193125-13-043446-index-headers.html Edgar Link pending
0001193125-13-043446-index.html Edgar Link pending
0001193125-13-043446.txt Edgar Link pending
0001193125-13-043446-xbrl.zip Edgar Link pending
d464191d10q.htm Edgar Link pending
d464191dex311.htm Edgar Link pending
d464191dex312.htm Edgar Link pending
d464191dex321.htm Edgar Link pending
d464191dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
hzo-20121231.xml Edgar Link completed
hzo-20121231.xsd Edgar Link pending
hzo-20121231_cal.xml Edgar Link unprocessable
hzo-20121231_def.xml Edgar Link unprocessable
hzo-20121231_lab.xml Edgar Link unprocessable
hzo-20121231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending