$HZO
MARINEMAX INC

2017 Q2 Form 10-Q Financial Statement

#000156459018018095 Filed on July 31, 2018

View on sec.gov

Income Statement

Concept 2017 Q2
Revenue $329.8M
YoY Change -4.57%
Cost Of Revenue $245.0M
YoY Change -8.13%
Gross Profit $84.79M
YoY Change 7.46%
Gross Profit Margin 25.71%
Selling, General & Admin $59.56M
YoY Change 9.63%
% of Gross Profit 70.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M
YoY Change 25.0%
% of Gross Profit 2.95%
Operating Expenses $59.56M
YoY Change 9.63%
Operating Profit $25.24M
YoY Change 2.68%
Interest Expense $1.897M
YoY Change 28.78%
% of Operating Profit 7.52%
Other Income/Expense, Net
YoY Change
Pretax Income $23.34M
YoY Change 1.01%
Income Tax $9.094M
% Of Pretax Income 38.97%
Net Earnings $14.24M
YoY Change 3.08%
Net Earnings / Revenue 4.32%
Basic Earnings Per Share $0.59
Diluted Earnings Per Share $0.57
COMMON SHARES
Basic Shares Outstanding 24.34M
Diluted Shares Outstanding 25.10M

Balance Sheet

Concept 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.90M
YoY Change 5.94%
Cash & Equivalents $58.93M
Short-Term Investments
Other Short-Term Assets $5.900M
YoY Change -47.79%
Inventory $385.3M
Prepaid Expenses
Receivables $41.70M
Other Receivables $0.00
Total Short-Term Assets $491.8M
YoY Change 22.69%
LONG-TERM ASSETS
Property, Plant & Equipment $127.8M
YoY Change 10.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.70M
YoY Change 214.22%
Total Long-Term Assets $169.5M
YoY Change 16.89%
TOTAL ASSETS
Total Short-Term Assets $491.8M
Total Long-Term Assets $169.5M
Total Assets $661.3M
YoY Change 21.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.63M
YoY Change 32.53%
Accrued Expenses $33.55M
YoY Change 23.14%
Deferred Revenue
YoY Change
Short-Term Debt $241.6M
YoY Change 36.54%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $323.3M
YoY Change 33.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $3.300M
YoY Change 32.0%
Total Long-Term Liabilities $3.250M
YoY Change 31.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $323.3M
Total Long-Term Liabilities $3.250M
Total Liabilities $326.5M
YoY Change 33.73%
SHAREHOLDERS EQUITY
Retained Earnings $122.8M
YoY Change 32.37%
Common Stock $248.6M
YoY Change 4.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $36.74M
YoY Change 25.1%
Treasury Stock Shares $1.979M
Shareholders Equity $334.7M
YoY Change
Total Liabilities & Shareholders Equity $661.3M
YoY Change 21.15%

Cashflow Statement

Concept 2017 Q2
OPERATING ACTIVITIES
Net Income $14.24M
YoY Change 3.08%
Depreciation, Depletion And Amortization $2.500M
YoY Change 25.0%
Cash From Operating Activities $36.60M
YoY Change -52.77%
INVESTING ACTIVITIES
Capital Expenditures -$3.700M
YoY Change -2.63%
Acquisitions
YoY Change
Other Investing Activities $100.0K
YoY Change -101.32%
Cash From Investing Activities -$3.500M
YoY Change -69.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.80M
YoY Change -52.57%
NET CHANGE
Cash From Operating Activities 36.60M
Cash From Investing Activities -3.500M
Cash From Financing Activities -25.80M
Net Change In Cash 7.300M
YoY Change -37.07%
FREE CASH FLOW
Cash From Operating Activities $36.60M
Capital Expenditures -$3.700M
Free Cash Flow $40.30M
YoY Change -50.43%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
329809000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
361254000
us-gaap Profit Loss
ProfitLoss
19636000
us-gaap Profit Loss
ProfitLoss
27772000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7853000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9322000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5674000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
62000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-78000
hzo Gain Loss On Insurance Settlements
GainLossOnInsuranceSettlements
1082000
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
2342000
us-gaap Share Based Compensation
ShareBasedCompensation
4600000
us-gaap Share Based Compensation
ShareBasedCompensation
4861000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16769000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19833000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
41083000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-24386000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1413000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
417000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16037000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5686000
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-7922000
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
1794000
hzo Increase Decrease In Accrued Expenses And Long Term Liabilities
IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities
5098000
hzo Increase Decrease In Accrued Expenses And Long Term Liabilities
IncreaseDecreaseInAccruedExpensesAndLongTermLiabilities
4636000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5679000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
52378000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12354000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10839000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
685000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18725000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2433000
hzo Proceeds From Sale Of Property And Equipment And Assets Held For Sale
ProceedsFromSaleOfPropertyAndEquipmentAndAssetsHeldForSale
946000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6877000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
951000
hzo Shares Issued Upon Vesting Of Equity Awards Net Of Tax Withholding Value
SharesIssuedUponVestingOfEquityAwardsNetOfTaxWithholdingValue
118000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6653000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4861000
hzo Proceeds From Sale Of Property And Equipment And Assets Held For Sale
ProceedsFromSaleOfPropertyAndEquipmentAndAssetsHeldForSale
168000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30133000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12419000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
58284000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-23568000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3029000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
7604000
hzo Contingent Acquisition Consideration Payments
ContingentAcquisitionConsiderationPayments
150000
hzo Contingent Acquisition Consideration Payments
ContingentAcquisitionConsiderationPayments
3026000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
87000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
118000
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
4919000
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
695000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
56157000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19803000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
20345000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
20156000
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38585000
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
58930000
us-gaap Interest Paid Net
InterestPaidNet
6211000
us-gaap Interest Paid Net
InterestPaidNet
9530000
us-gaap Income Taxes Paid
IncomeTaxesPaid
457000
us-gaap Income Taxes Paid
IncomeTaxesPaid
4608000
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
3720000
us-gaap Nature Of Operations
NatureOfOperations
<div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td> <td valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">COMPANY BACKGROUND:</p></td></tr></table></div> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are the largest recreational boat and yacht retailer in the United States.&nbsp;&nbsp;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.&nbsp;&nbsp;In addition, we arrange related boat financing, insurance, and extended service contracts.&nbsp;&nbsp;We also offer the charter of power and sailing yachts in the British Virgin Islands.&nbsp;&nbsp;As of June 30, 2018, we operated through 63 retail locations in 16 states, consisting of Alabama, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina and Texas. Our MarineMax Vacations operation maintains a facility in Tortola, British Virgin Islands.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are the nation&#8217;s largest retailer of Sea Ray and Boston Whaler recreational boats and yachts, which are manufactured by Brunswick Corporation (&#8220;Brunswick&#8221;). Sales of new Brunswick boats accounted for approximately 42% of our revenue in fiscal 2017.&nbsp;&nbsp;Sales of new Sea Ray and Boston Whaler boats, both divisions of Brunswick, accounted for approximately 23% and 17%, respectively, of our revenue in fiscal 2017. Brunswick is a world leading manufacturer of marine products and marine engines. We believe we represented approximately 55% of Brunswick&#8217;s Sea Ray boat sales, during our fiscal 2017.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In June 2018 Brunswick announced it will discontinue Sea Ray sport yacht and yacht models. Sea Ray sport yacht and yacht models represented approximately 10% of our rolling 12-month revenue in the period ending June 30, 2018.&nbsp;&nbsp;We believe our brand and product diversification should allow us to replace the Sea Ray sport yacht and yacht revenue.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We have dealership agreements with Sea Ray, Boston Whaler, Harris, Meridian, and Mercury Marine, all subsidiaries or divisions of Brunswick. We also have dealer agreements with Italy-based Azimut-Benetti Group&#8217;s product line for Azimut Yachts. These agreements allow us to purchase, stock, sell, and service these manufacturers&#8217; boats and products. These agreements also allow us to use these manufacturers&#8217; names, trade symbols, and intellectual properties in our operations. </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We have multi-year dealer agreements with Brunswick covering Sea Ray products that appoint us as the exclusive dealer of Sea Ray boats in our geographic markets. We are the exclusive dealer for Boston Whaler through multi-year dealer agreements for many of our geographic markets. In addition, we are the exclusive dealer for Azimut Yachts for the entire United States through a multi-year dealer agreement. Sales of new Azimut boats accounted for approximately 9% of our revenue in fiscal 2017. 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.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As is typical in the industry, we deal with most of our manufacturers, other than Sea Ray, Boston Whaler, 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 and Azimut 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. </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">General economic conditions and consumer spending patterns can negatively impact our operating results.&nbsp;&nbsp;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.&nbsp;&nbsp;Economic conditions in areas in which we operate dealerships, particularly Florida in which we generated approximately 53%, 55%, and 55% of our revenue during fiscal 2015, 2016, and 2017, respectively, can have a major impact on our operations.&nbsp;&nbsp;Local influences, such as corporate downsizing, military base closings, inclement weather such as Hurricane Sandy in 2012 or Hurricanes Harvey and Irma in 2017, environmental conditions, and specific events, such as the BP oil spill in the Gulf of Mexico in 2010, also could adversely affect, and in certain instances have adversely affected, our operations in certain markets.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:12pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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. As a result, an economic downturn could impact us more than certain of our competitors due to our strategic focus on a higher end of our market. 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 is likely to have a negative effect on our business.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:12pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 substantial negative effect on our business and industry for several years after fiscal 2007.&nbsp;&nbsp;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.&nbsp;&nbsp;Acquisitions and new store openings remain important strategies to our company, and we plan to accelerate our growth through these strategies as economic conditions continue to improve.&nbsp;&nbsp;However, we cannot predict the length of unfavorable economic or industry 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.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p></div>
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">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 as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant 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.</p></div>
CY2017Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
246000
CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
299000
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1800000
CY2018Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2500000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2018Q2 us-gaap Number Of Stores
NumberOfStores
63
CY2018Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
16
hzo Independent Recreational Boat Dealers In Number
IndependentRecreationalBoatDealersInNumber
5
hzo Recreational Boat Dealers In Number
RecreationalBoatDealersInNumber
28
hzo Boat Brokerage Operations Number
BoatBrokerageOperationsNumber
2
hzo Full Service Yacht Repair Operations Number
FullServiceYachtRepairOperationsNumber
2
hzo Inventory Financing Additional Available Borrowings
InventoryFinancingAdditionalAvailableBorrowings
36200000
CY2018Q2 us-gaap Long Term Debt
LongTermDebt
0
CY2017Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1000000
CY2018Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3700000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.42
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6200000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1600000
CY2017Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
268000
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
26000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2500000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1300000
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
758621
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
783467
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
751534
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
758845

Files In Submission

Name View Source Status
0001564590-18-018095-index-headers.html Edgar Link pending
0001564590-18-018095-index.html Edgar Link pending
0001564590-18-018095.txt Edgar Link pending
0001564590-18-018095-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
hzo-10q_20180630.htm Edgar Link pending
hzo-20180630.xml Edgar Link completed
hzo-20180630.xsd Edgar Link pending
hzo-20180630_cal.xml Edgar Link unprocessable
hzo-20180630_def.xml Edgar Link unprocessable
hzo-20180630_lab.xml Edgar Link unprocessable
hzo-20180630_pre.xml Edgar Link unprocessable
hzo-ex311_7.htm Edgar Link pending
hzo-ex312_6.htm Edgar Link pending
hzo-ex321_8.htm Edgar Link pending
hzo-ex322_9.htm Edgar Link pending
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
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.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