$MCFT
MasterCraft Boat Holdings, Inc.

2019 Q3 Form 10-Q Financial Statement

#000156459019041609 Filed on November 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $109.8M $93.64M
YoY Change 17.24%
Cost Of Revenue $84.26M $70.44M
YoY Change 19.62%
Gross Profit $25.53M $23.20M
YoY Change 10.04%
Gross Profit Margin 23.26% 24.78%
Selling, General & Admin $11.85M $11.06M
YoY Change 7.11%
% of Gross Profit 46.41% 47.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.371M $1.435M
YoY Change 65.23%
% of Gross Profit 9.29% 6.18%
Operating Expenses $12.84M $11.59M
YoY Change 10.73%
Operating Profit $12.70M $11.61M
YoY Change 9.35%
Interest Expense $1.344M $920.0K
YoY Change 46.09%
% of Operating Profit 10.59% 7.92%
Other Income/Expense, Net
YoY Change
Pretax Income $11.35M $10.69M
YoY Change 6.19%
Income Tax $2.730M $2.226M
% Of Pretax Income 24.05% 20.82%
Net Earnings $8.623M $8.465M
YoY Change 1.87%
Net Earnings / Revenue 7.85% 9.04%
Basic Earnings Per Share $0.46 $0.45
Diluted Earnings Per Share $0.46 $0.45
COMMON SHARES
Basic Shares Outstanding 18.72M 18.65M
Diluted Shares Outstanding 18.77M 18.77M

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.400M $6.100M
YoY Change 4.92%
Cash & Equivalents $6.411M $6.093M
Short-Term Investments
Other Short-Term Assets $4.600M $3.600M
YoY Change 27.78%
Inventory $34.91M $21.70M
Prepaid Expenses
Receivables $9.287M $9.300M
Other Receivables $1.400M $700.0K
Total Short-Term Assets $56.59M $41.40M
YoY Change 36.68%
LONG-TERM ASSETS
Property, Plant & Equipment $35.98M $23.90M
YoY Change 50.55%
Goodwill $74.03M
YoY Change
Intangibles $78.81M
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.184M $600.0K
YoY Change 597.33%
Total Long-Term Assets $200.6M $140.8M
YoY Change 42.5%
TOTAL ASSETS
Total Short-Term Assets $56.59M $41.40M
Total Long-Term Assets $200.6M $140.8M
Total Assets $257.2M $182.2M
YoY Change 41.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.97M $18.60M
YoY Change -8.74%
Accrued Expenses $15.20M $12.20M
YoY Change 24.59%
Deferred Revenue $2.194M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.734M $5.500M
YoY Change 58.8%
Total Short-Term Liabilities $67.29M $53.70M
YoY Change 25.31%
LONG-TERM LIABILITIES
Long-Term Debt $105.1M $68.10M
YoY Change 54.36%
Other Long-Term Liabilities $3.384M $2.100M
YoY Change 61.14%
Total Long-Term Liabilities $108.5M $70.20M
YoY Change 54.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.29M $53.70M
Total Long-Term Liabilities $108.5M $70.20M
Total Liabilities $176.1M $124.1M
YoY Change 41.92%
SHAREHOLDERS EQUITY
Retained Earnings -$34.83M -$64.81M
YoY Change -46.26%
Common Stock $115.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $81.11M $58.18M
YoY Change
Total Liabilities & Shareholders Equity $257.2M $182.2M
YoY Change 41.18%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $8.623M $8.465M
YoY Change 1.87%
Depreciation, Depletion And Amortization $2.371M $1.435M
YoY Change 65.23%
Cash From Operating Activities $5.242M $3.367M
YoY Change 55.69%
INVESTING ACTIVITIES
Capital Expenditures $4.328M $3.425M
YoY Change 26.36%
Acquisitions
YoY Change
Other Investing Activities $10.00K $0.00
YoY Change
Cash From Investing Activities -$4.314M -$3.422M
YoY Change 26.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -343.0K -1.761M
YoY Change -80.52%
NET CHANGE
Cash From Operating Activities 5.242M 3.367M
Cash From Investing Activities -4.314M -3.422M
Cash From Financing Activities -343.0K -1.761M
Net Change In Cash 585.0K -1.816M
YoY Change -132.21%
FREE CASH FLOW
Cash From Operating Activities $5.242M $3.367M
Capital Expenditures $4.328M $3.425M
Free Cash Flow $914.0K -$58.00K
YoY Change -1675.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q3 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2019Q3 dei Document Transition Report
DocumentTransitionReport
false
CY2019Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
606000
CY2019Q3 us-gaap Inventory Net
InventoryNet
34914000
CY2019Q3 dei Security12b Title
Security12bTitle
Common Stock
CY2019Q3 dei Trading Symbol
TradingSymbol
MCFT
CY2019Q3 mcft Interest Payable Debt Current
InterestPayableDebtCurrent
743000
CY2019Q3 us-gaap Gross Profit
GrossProfit
25533000
CY2019Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4064000
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7785000
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
12836000
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
11592000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12697000
CY2019Q3 us-gaap Interest Expense
InterestExpense
1344000
CY2019Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
84256000
CY2018Q3 us-gaap Interest Expense
InterestExpense
920000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2226000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
8623000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
8465000
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18723845
CY2019Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11611000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11353000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18646039
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9287000
CY2019Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
951000
CY2019Q2 us-gaap Inventory Net
InventoryNet
30660000
CY2019Q3 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2018Q3 us-gaap Gross Profit
GrossProfit
23203000
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4290000
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6772000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10691000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2730000
CY2019Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6240000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
8623000
CY2019Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2019Q3 dei Entity Small Business
EntitySmallBusiness
false
CY2019Q3 dei Entity File Number
EntityFileNumber
001-37502
CY2019Q3 mcft Amortization Of Other Intangible Assets
AmortizationOfOtherIntangibleAssets
987000
CY2018Q3 mcft Amortization Of Other Intangible Assets
AmortizationOfOtherIntangibleAssets
530000
CY2019Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
424000
CY2019Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4115000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
942000
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
253000
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
253000
CY2019Q3 us-gaap Assets
Assets
257234000
CY2019Q2 us-gaap Assets
Assets
248773000
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
16974000
CY2019Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
17974000
CY2019Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
426000
CY2019Q3 mcft Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
41581000
CY2019Q2 mcft Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
41421000
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
8734000
CY2019Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
8725000
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
67289000
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
68546000
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
105121000
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
105016000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
93641000
CY2019Q3 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2019Q3 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2019Q3 dei Entity Shell Company
EntityShellCompany
false
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
70438000
CY2019Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
109789000
CY2019Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18853997
CY2019Q3 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2019Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2019Q3 dei Entity Ex Transition Period
EntityExTransitionPeriod
true
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18768764
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6411000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5826000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18770756
CY2019Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1415000
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
248000
CY2019Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12463000
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18838997
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4464000
CY2019Q3 us-gaap Assets Current
AssetsCurrent
56587000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35982000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33636000
CY2019Q3 us-gaap Goodwill
Goodwill
74030000
CY2019Q2 us-gaap Goodwill
Goodwill
74030000
CY2019Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
78811000
CY2019Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
79799000
CY2019Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6090000
CY2019Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
451000
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4560000
CY2019Q2 us-gaap Assets Current
AssetsCurrent
54364000
CY2019Q3 us-gaap Liabilities
Liabilities
176125000
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
189000
CY2019Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
115751000
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-34831000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
81109000
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18838997
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
170000
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
512000
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
384000
CY2019Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
3102000
CY2019Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
2895000
CY2019Q2 us-gaap Liabilities
Liabilities
176457000
CY2019Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
613000
CY2019Q2 us-gaap Common Stock Value
CommonStockValue
188000
CY2019Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
115582000
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-43454000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
72316000
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
257234000
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
248773000
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
281000
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18764037
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18764037
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
279000
CY2019Q3 mcft Noncash Lease Expense
NoncashLeaseExpense
152000
CY2019Q3 us-gaap Inventory Write Down
InventoryWriteDown
158000
CY2018Q3 us-gaap Inventory Write Down
InventoryWriteDown
13000
CY2019Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
142000
CY2019Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-37000
CY2018Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2000
CY2019Q3 mcft Unrecognized Tax Expense Benefit
UnrecognizedTaxExpenseBenefit
207000
CY2018Q3 mcft Unrecognized Tax Expense Benefit
UnrecognizedTaxExpenseBenefit
115000
CY2019Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
150000
CY2018Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-284000
CY2019Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-34000
CY2018Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
66000
CY2019Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3000
CY2018Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3000
CY2019Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3210000
CY2018Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3861000
CY2019Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4412000
CY2018Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1275000
CY2019Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
133000
CY2018Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
290000
CY2019Q3 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-890000
CY2018Q3 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1381000
CY2018Q3 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1000
CY2019Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-412000
CY2018Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2199000
CY2019Q3 mcft Increase Decrease In Accrued Expenses And Other Liabilities Current
IncreaseDecreaseInAccruedExpensesAndOtherLiabilitiesCurrent
-4297000
CY2018Q3 mcft Increase Decrease In Accrued Expenses And Other Liabilities Current
IncreaseDecreaseInAccruedExpensesAndOtherLiabilitiesCurrent
-2340000
CY2019Q3 mcft Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-139000
CY2019Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5242000
CY2018Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3367000
CY2019Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4328000
CY2018Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3425000
CY2019Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
14000
CY2018Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000
CY2019Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4314000
CY2018Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3422000
CY2019Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
343000
CY2018Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
105000
CY2018Q3 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1656000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
8465000
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2371000
CY2018Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1435000
CY2018Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
127000
CY2019Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-343000
CY2018Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1761000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
585000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1816000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5826000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7909000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6411000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6093000
CY2019Q3 us-gaap Interest Paid Net
InterestPaidNet
835000
CY2018Q3 us-gaap Interest Paid Net
InterestPaidNet
1025000
CY2019Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3501000
CY2018Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3775000
CY2019Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
321000
CY2019Q3 us-gaap Fiscal Period
FiscalPeriod
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company&#8217;s fiscal year begins July 1 and ends June 30, with the interim quarterly reporting periods consisting of 13 weeks. Therefore, the quarter end will not always coincide with the date of the end of a calendar month.</p>
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2456000
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3494000
CY2019Q3 mcft Interest Payable Floor Plan Current
InterestPayableFloorPlanCurrent
3328000
CY2019Q2 mcft Interest Payable Floor Plan Current
InterestPayableFloorPlanCurrent
2060000
CY2019Q3 mcft Inventory Repurchase Contingent Obligation
InventoryRepurchaseContingentObligation
1259000
CY2019Q2 mcft Inventory Repurchase Contingent Obligation
InventoryRepurchaseContingentObligation
1936000
CY2019Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3931000
CY2019Q3 mcft Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
41968000
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3384000
CY2019Q3 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2019Q3 us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
true
CY2019Q3 us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option.
CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
800000
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
700000
CY2019Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
21357000
CY2019Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
20034000
CY2019Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
4931000
CY2019Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
4571000
CY2019Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
9936000
CY2019Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7207000
CY2019Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1310000
CY2019Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1152000
CY2019Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
17690000
CY2019Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
17205000
CY2019Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
7622000
CY2019Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
12623000
CY2019Q3 mcft Lease Liabilities Current
LeaseLiabilitiesCurrent
4457000
CY2019Q3 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
716000
CY2019Q2 mcft Interest Payable Debt Current
InterestPayableDebtCurrent
405000
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3310000
CY2019Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3092000
CY2019Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
17205000
CY2019Q2 mcft Intangible Assets Excluding Goodwill Accumulated Amortization
IntangibleAssetsExcludingGoodwillAccumulatedAmortization
8946000
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
79799000
CY2018Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
13077000
CY2018Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
13454000
CY2019Q3 us-gaap Goodwill Gross
GoodwillGross
102030000
CY2019Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2302000
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
88745000
CY2019Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
1999000
CY2018Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
1769000
CY2018Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2249000
CY2019Q3 mcft Standard Product Warranty Accrual Aggregate Changes For Preexisting Warranties
StandardProductWarrantyAccrualAggregateChangesForPreexistingWarranties
788000
CY2018Q3 mcft Standard Product Warranty Accrual Aggregate Changes For Preexisting Warranties
StandardProductWarrantyAccrualAggregateChangesForPreexistingWarranties
857000
CY2019Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
17690000
CY2019Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
28000000
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
39745000
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6934000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
32811000
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
39745000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5946000
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
33799000
CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
88745000
CY2019Q3 mcft Intangible Assets Excluding Goodwill Accumulated Amortization
IntangibleAssetsExcludingGoodwillAccumulatedAmortization
9934000
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
78811000
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4000000
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
113855000
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
113741000
CY2019Q3 mcft Long Term Debt Current Maturities Gross
LongTermDebtCurrentMaturitiesGross
9167000
CY2019Q2 mcft Long Term Debt Current Maturities Gross
LongTermDebtCurrentMaturitiesGross
9167000
CY2019Q3 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Certain leases include one or more options to renew, with renewal terms that can extend the lease term from one to five years or more.
CY2019Q3 mcft Reclassification From Operating Lease Assets To Finance Lease Assets Due To Exercise Of Purchase Option
ReclassificationFromOperatingLeaseAssetsToFinanceLeaseAssetsDueToExerciseOfPurchaseOption
2800000
CY2019Q3 mcft Reclassification From Operating Lease Liabilities To Finance Lease Liabilities Due To Exercise Of Purchase Option
ReclassificationFromOperatingLeaseLiabilitiesToFinanceLeaseLiabilitiesDueToExerciseOfPurchaseOption
2800000
CY2019Q3 mcft Additional Finance Lease Assets Due To Exercise Of Purchase Option
AdditionalFinanceLeaseAssetsDueToExerciseOfPurchaseOption
1300000
CY2019Q3 mcft Additional Finance Lease Liabilities Due To Exercise Of Purchase Option
AdditionalFinanceLeaseLiabilitiesDueToExerciseOfPurchaseOption
1300000
CY2019Q3 mcft Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
5057000
CY2019Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4128000
CY2019Q3 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
mcft:AccruedExpensesAndOtherLiabilitiesCurrent
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
329000
CY2019Q3 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
mcft:AccruedExpensesAndOtherLiabilitiesCurrent
CY2019Q3 mcft Finance And Operating Lease Liability
FinanceAndOperatingLeaseLiability
5070000
CY2019Q3 us-gaap Lease Cost
LeaseCost
204000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
312000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
380000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
303000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
72000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1068000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
76000
CY2019Q3 mcft Operating Lease Liability Excluding Purchase Amount Of Leased Asset
OperatingLeaseLiabilityExcludingPurchaseAmountOfLeasedAsset
992000
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0473
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
200000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
703000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
690000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
628000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
402000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
402000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1806000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4631000
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.240
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.208
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8623000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8465000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
512000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
384000
CY2019Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3

Files In Submission

Name View Source Status
0001564590-19-041609-index-headers.html Edgar Link pending
0001564590-19-041609-index.html Edgar Link pending
0001564590-19-041609.txt Edgar Link pending
0001564590-19-041609-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gki0hcq3jdco000001.jpg Edgar Link pending
mcft-10q_20190929.htm Edgar Link pending
mcft-20190929.xml Edgar Link completed
mcft-20190929.xsd Edgar Link pending
mcft-20190929_cal.xml Edgar Link unprocessable
mcft-20190929_def.xml Edgar Link unprocessable
mcft-20190929_lab.xml Edgar Link unprocessable
mcft-20190929_pre.xml Edgar Link unprocessable
mcft-ex311_7.htm Edgar Link pending
mcft-ex312_8.htm Edgar Link pending
mcft-ex321_9.htm Edgar Link pending
mcft-ex322_6.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
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.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