$HZO
MARINEMAX INC

2022 Q3 Form 10-Q Financial Statement

#000156459022026870 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $536.8M $688.5M $610.1M
YoY Change 16.1% 3.33% 16.63%
Cost Of Revenue $340.0M $452.1M $404.8M
YoY Change 18.15% -2.08% 10.51%
Gross Profit $196.8M $236.5M $205.3M
YoY Change 12.73% 15.54% 30.94%
Gross Profit Margin 36.66% 34.34% 33.65%
Selling, General & Admin $145.8M $141.2M $133.5M
YoY Change 11.46% 14.06% 28.52%
% of Gross Profit 74.12% 59.7% 65.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.166M $4.948M $4.808M
YoY Change 28.28% 21.3% 29.95%
% of Gross Profit 2.63% 2.09% 2.34%
Operating Expenses $145.8M $141.2M $133.5M
YoY Change 11.46% 14.06% 28.52%
Operating Profit $50.92M $95.30M $71.78M
YoY Change 16.52% 17.79% 35.77%
Interest Expense -$984.0K $1.008M -$654.0K
YoY Change 47.75% 57.75% -40.55%
% of Operating Profit -1.93% 1.06% -0.91%
Other Income/Expense, Net
YoY Change
Pretax Income $49.94M $94.29M $71.13M
YoY Change 16.04% 17.47% 37.31%
Income Tax $11.58M $24.10M $17.60M
% Of Pretax Income 23.18% 25.56% 24.74%
Net Earnings $38.36M $70.18M $53.51M
YoY Change 16.86% 17.71% 37.43%
Net Earnings / Revenue 7.15% 10.19% 8.77%
Basic Earnings Per Share $3.26 $2.45
Diluted Earnings Per Share $1.726M $3.17 $2.375M
COMMON SHARES
Basic Shares Outstanding 21.53M 21.52M 21.86M
Diluted Shares Outstanding 22.17M 22.53M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $228.3M $281.4M $219.4M
YoY Change 2.74% 40.59% 53.53%
Cash & Equivalents $228.3M $281.4M $219.4M
Short-Term Investments
Other Short-Term Assets $21.08M $11.67M $11.30M
YoY Change 26.27% -36.31% -23.16%
Inventory $454.4M $374.2M $329.7M
Prepaid Expenses
Receivables $50.29M $61.86M $68.58M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $754.0M $736.0M $629.0M
YoY Change 45.69% 50.8% 22.12%
LONG-TERM ASSETS
Property, Plant & Equipment $342.8M $226.6M $321.4M
YoY Change 95.4% -16.27% 112.48%
Goodwill $235.6M $236.7M $234.5M
YoY Change 20.47% 30.77%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.455M $9.104M $9.069M
YoY Change 7.22% -14.52% -12.11%
Total Long-Term Assets $598.8M $584.1M $576.7M
YoY Change 22.12% 24.79% 40.64%
TOTAL ASSETS
Total Short-Term Assets $754.0M $736.0M $629.0M
Total Long-Term Assets $598.8M $584.1M $576.7M
Total Assets $1.353B $1.320B $1.206B
YoY Change 34.23% 38.07% 30.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.34M $56.53M $37.86M
YoY Change 33.42% 96.7% 62.61%
Accrued Expenses $99.10M $97.09M $105.5M
YoY Change 14.44% -2.88% 24.83%
Deferred Revenue $144.4M $138.4M
YoY Change 43.48%
Short-Term Debt $132.0M $107.2M $58.86M
YoY Change 451.42% 3647.71% 64.58%
Long-Term Debt Due $2.882M $3.028M $3.587M
YoY Change -19.65% -8.05% 28.02%
Total Short-Term Liabilities $412.8M $412.6M $369.9M
YoY Change 64.39% 86.2% 54.01%
LONG-TERM LIABILITIES
Long-Term Debt $45.30M $45.83M $45.75M
YoY Change -4.63% -5.25% -7.47%
Other Long-Term Liabilities $96.63M $8.347M $101.2M
YoY Change 1090.62% -92.05% 1261.93%
Total Long-Term Liabilities $141.9M $54.18M $45.75M
YoY Change 155.21% 12.0% -19.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $412.8M $412.6M $369.9M
Total Long-Term Liabilities $141.9M $54.18M $45.75M
Total Liabilities $570.1M $577.3M $531.5M
YoY Change 38.06% 50.61% 32.26%
SHAREHOLDERS EQUITY
Retained Earnings $630.7M $592.3M
YoY Change 45.76%
Common Stock $303.5M $300.4M
YoY Change 5.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $148.7M
YoY Change 16.72%
Treasury Stock Shares $7.267M
Shareholders Equity $782.7M $742.7M $674.3M
YoY Change
Total Liabilities & Shareholders Equity $1.353B $1.320B $1.206B
YoY Change 34.23% 38.07% 30.33%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $38.36M $70.18M $53.51M
YoY Change 16.86% 17.71% 37.43%
Depreciation, Depletion And Amortization $5.166M $4.948M $4.808M
YoY Change 28.28% 21.3% 29.95%
Cash From Operating Activities -$46.44M $33.94M $81.02M
YoY Change -204.91% -81.45% -49.17%
INVESTING ACTIVITIES
Capital Expenditures -$15.37M -$11.20M -$8.037M
YoY Change 100.8% 75.71% 57.59%
Acquisitions
YoY Change
Other Investing Activities -$11.93M -$3.621M $2.273M
YoY Change -46.7% -94.02% -156.82%
Cash From Investing Activities -$27.29M -$14.82M -$5.764M
YoY Change -9.11% -77.82% -36.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.20M 43.76M -71.88M
YoY Change 166.55% -174.2% -43.93%
NET CHANGE
Cash From Operating Activities -46.44M 33.94M 81.02M
Cash From Investing Activities -27.29M -14.82M -5.764M
Cash From Financing Activities 22.20M 43.76M -71.88M
Net Change In Cash -51.54M 62.88M 3.368M
YoY Change -328.35% 9.85% -84.76%
FREE CASH FLOW
Cash From Operating Activities -$46.44M $33.94M $81.02M
Capital Expenditures -$15.37M -$11.20M -$8.037M
Free Cash Flow -$31.08M $45.14M $89.05M
YoY Change -159.85% -76.17% -45.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Repayments Of Long Term Debt
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us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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us-gaap Nature Of Operations
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<div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <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;"><span style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</span></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 believe we are the largest recreational boat and yacht retailer and superyacht services company in the world. 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 also offer the charter of power yachts in the British Virgin Islands. As of June 30, 2022, we operated through 79 retail locations in 21 states, consisting of Alabama, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington, and Wisconsin. Our MarineMax Vacations operation maintains a facility in Tortola, British Virgin Islands. We also own Fraser Yachts Group and Northrop &amp; Johnson, leading superyacht brokerage and luxury yacht services companies with operations in multiple countries. Cruisers Yachts, a wholly-owned MarineMax subsidiary, manufactures sport yacht and yachts with sales through our select retail dealership locations and through independent dealers<span style="color:#000000;">. Intrepid Powerboats (“Intrepid”) is a producer of customized boats.</span></p> <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 retailer of Sea Ray and Boston Whaler recreational boats which are manufactured by Brunswick Corporation (“Brunswick”). Sales of new Brunswick boats accounted for approximately 27% of our revenue in fiscal 2021. Sales of new Sea Ray and Boston Whaler boats, both divisions of Brunswick, accounted for approximately 11% and 13%, respectively, of our revenue in fiscal 2021. Brunswick is a world leading manufacturer of marine products and marine engines. </p> <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 have dealership agreements with Sea Ray, Boston Whaler, Harris, and Mercury Marine, all subsidiaries or divisions of Brunswick. We also have dealer agreements with Italy-based Azimut-Benetti Group’s product line for Azimut and Benetti yachts and mega yachts. These agreements allow us to purchase, stock, sell, and service these manufacturers’ boats and products. These agreements also allow us to use these manufacturers’ names, trade symbols, and intellectual properties in our operations. The agreements for Sea Ray and Boston Whaler products, respectively, appoint us as the exclusive dealer of Sea Ray and Boston Whaler boats, respectively, in our geographic markets. In addition, we are the exclusive dealer for Azimut Yachts for the entire United States. Sales of new Azimut yachts accounted for approximately 10% of our revenue in fiscal 2021. 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:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In November 2021, we acquired Intrepid, a premier manufacturer of powerboats, and Texas Marine Holdings (“Texas MasterCraft”), a premier watersports dealer in Northern Texas. Intrepid is a producer of customized boats. Texas MasterCraft specializes in ski and wakeboard boats. The activity of Intrepid is included in our Product Manufacturing segment. The activity of Texas MasterCraft is included in our Retail Operations segment.</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">From March 2020 through June 2020, we temporarily closed certain departments or locations based on guidance from local government or health officials as a result of the COVID-19 pandemic. We are following guidelines to ensure we are safely operating as recommended. As the COVID-19 pandemic is complex and evolving rapidly with many unknowns, the Company will continue to monitor ongoing developments and respond accordingly. Management expects its business, across all of its geographies, will be impacted to some degree, but the significance of the impact of the COVID-19 pandemic on the Company’s business and the duration for which it may have an impact cannot be determined at this time. </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;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, 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, Boston Whaler, 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: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;">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 locations, particularly Florida in which we generated approximately 54% and 50% of our revenue during fiscal 2020 and 2021, respectively, can have a major impact on our operations. Local influences, such as corporate downsizing, military base closings, inclement weather such as hurricanes and other storms, 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.<span style="color:#000000;"> </span></p> <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;">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 would likely 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-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;">Historically, in periods of lower consumer spending and depressed economic conditions, we have, among other things, substantially reduced our acquisition program, delayed new store openings, reduced our inventory purchases, engaged in inventory reduction efforts, closed a number of our retail locations, reduced our headcount, and amended and replaced our credit facility. Acquisitions remain an important strategy for us, and, subject to a number of conditions, including macro-economic conditions and finding attractive acquisition targets, we plan to continue to explore opportunities through this strategy<span style="color:#000000;">.</span></p>
CY2022Q2 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
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0
CY2021Q2 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
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0
CY2021Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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us-gaap Payments Of Debt Issuance Costs
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hzo Contingent Acquisition Consideration Payments
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us-gaap Payments For Repurchase Of Equity
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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2619000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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2124000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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4590000
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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50868000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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<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;">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, and valuation of long-lived assets. Actual results could differ from those estimates.</p> <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;">Effective May 2, 2021, our reportable segments changed as a result of the Company’s acquisition of Cruisers Yachts, which changed management’s reporting structure and operating activities. We now report our operations through two reportable segments: Retail Operations and Product Manufacturing. The change in reportable segments had no impact on the Company’s previously reported historical consolidated financial statements. Where applicable, all prior periods presented have been revised to conform to the change in reportable segments. See Note 18. </p>
us-gaap Number Of Reportable Segments
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2
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0
CY2021Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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0
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0
CY2021Q2 hzo Fair Value Assets Level3 To Level2 Transfers Amount
FairValueAssetsLevel3ToLevel2TransfersAmount
0
CY2022Q2 hzo Fair Value Assets Level3 To Level2 Transfers Amount
FairValueAssetsLevel3ToLevel2TransfersAmount
0
CY2022Q2 us-gaap Assets Fair Value Disclosure
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AssetsFairValueDisclosure
150000
CY2021Q3 us-gaap Liabilities Fair Value Disclosure
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12364000
CY2022Q2 hzo Fair Value Liabilities Level2 To Level3 Transfers Amount
FairValueLiabilitiesLevel2ToLevel3TransfersAmount
0
CY2021Q2 hzo Fair Value Liabilities Level2 To Level3 Transfers Amount
FairValueLiabilitiesLevel2ToLevel3TransfersAmount
0
CY2021Q2 hzo Fair Value Liabilities Level3 To Level2 Transfers Amount
FairValueLiabilitiesLevel3ToLevel2TransfersAmount
0
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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10309000
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89677000
us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
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As a practical expedient, because repair and maintenance service contracts have an original duration of one year or less, we do not consider the time value of money, and we do not disclose estimated revenue expected to be recognized in the future for performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period or when we expect to recognize such revenue.
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CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6900000
CY2022Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P25Y
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P12Y
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CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
6000000.0
us-gaap Operating Lease Cost
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18300000
us-gaap Operating Lease Cost
OperatingLeaseCost
17600000
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3927000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15327000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13756000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11177000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
144173000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
41076000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
103097000
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
3028000
CY2021Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
595000
CY2022Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
530000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
47498000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
45834000
us-gaap Operating Lease Payments
OperatingLeasePayments
12911000
us-gaap Operating Lease Payments
OperatingLeasePayments
12128000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
71838000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4143000
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
11358000
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
19611000
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
11959000
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
28256000
CY2021Q3 us-gaap Inventory Net
InventoryNet
230984000
CY2022Q2 us-gaap Inventory Net
InventoryNet
374217000
CY2021Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
201100000
CY2022Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
248200000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2600000
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
3587000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2100000
CY2021Q3 us-gaap Goodwill
Goodwill
195563000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
42935000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1785000
CY2022Q2 us-gaap Goodwill
Goodwill
236713000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20700000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24100000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40600000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52400000
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.257
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2022Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
300000
hzo Inventory Financing Additional Available Borrowings
InventoryFinancingAdditionalAvailableBorrowings
62900000
CY2021Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
900000
CY2022Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1000000.0
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 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
1800000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1100000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
688537000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1600947000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1771334000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
80908000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
95300000
us-gaap Operating Income Loss
OperatingIncomeLoss
165761000
us-gaap Operating Income Loss
OperatingIncomeLoss
214285000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22132915
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21524315
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22100190
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21761811
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
904764
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
648958
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
822336
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
694017
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23037679
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22173273
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22922526
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22455828
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
666328000

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