Malibu Boats (MBUU) 10-Q31 Oct 242025 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Sep. 30, 2024	Oct. 28, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-36290
Entity Registrant Name	MALIBU BOATS, INC.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	5075 Kimberly Way
Entity Address, City or Town	Loudon
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37774
Entity Tax Identification Number	46-4024640
City Area Code	865
Local Phone Number	458-5478
Title of 12(b) Security	Class A Common Stock, par value $0.01
Trading Symbol	MBUU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Smaller Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001590976
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--06-30
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		19,715,202
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net sales	$ 171,580	$ 255,830
Cost of sales	143,371	199,036
Gross profit	28,209	56,794
Operating expenses:
Selling and marketing	4,864	5,752
General and administrative	27,240	20,705
Amortization	1,716	1,715
Operating (loss) income	(5,611)	28,622
Other expense (income), net:
Other income, net	(10)	(10)
Interest expense	396	884
Other expense, net	386	874
(Loss) income before (benefit) provision for income taxes	(5,997)	27,748
(Benefit) provision for income taxes	(850)	6,978
Net (loss) income	(5,147)	20,770
Net (loss) income attributable to non-controlling interest	(99)	511
Net (loss) income attributable to Malibu Boats, Inc.	(5,048)	20,259
Comprehensive (loss) income:
Net (loss) income	(5,147)	20,770
Other comprehensive income (loss):
Change in cumulative translation adjustment	968	(751)
Other comprehensive income (loss)	968	(751)
Comprehensive (loss) income	(4,179)	20,019
Less: comprehensive (loss) income attributable to non-controlling interest, net of tax	(80)	493
Comprehensive (loss) income attributable to Malibu Boats, Inc., net of tax	$ (4,099)	$ 19,526
Weighted-average shares outstanding used in computing net (loss) income per share:
Basic (in shares)	20,025,742	20,586,487
Diluted (in shares)	20,025,742	20,684,230
Net (loss) income available to Class A Common Stock per share:
Basic (in dollars per share)	$ (0.25)	$ 0.98
Diluted (in dollars per share)	$ (0.25)	$ 0.98

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Current assets
Cash	$ 27,659	$ 26,945
Trade receivables, net	34,767	23,141
Inventories, net	146,872	145,573
Prepaid expenses and other current assets	12,280	6,470
Total current assets	221,578	202,129
Property, plant and equipment, net	245,492	244,601
Goodwill	51,645	51,415
Other intangible assets, net	173,760	175,449
Deferred tax assets	59,312	58,097
Other assets	7,350	7,933
Total assets	759,137	739,624
Current liabilities
Accounts payable	31,609	19,152
Accrued expenses	110,892	119,430
Income taxes and tax distribution payable	260	4
Total current liabilities	142,761	138,586
Deferred tax liabilities	17,773	17,661
Other liabilities	7,619	8,045
Payable pursuant to tax receivable agreement	40,613	40,613
Long-term debt	28,000	0
Total liabilities	236,766	204,905
Commitments and contingencies (See Note 15)
Stockholders' Equity
Preferred Stock, par value $0.01 per share; 25,000,000 shares authorized; no shares issued and outstanding as of September 30, 2024 and June 30, 2024	0	0
Additional paid in capital	56,041	64,222
Accumulated other comprehensive loss, net of tax	(3,230)	(4,198)
Accumulated earnings	464,737	469,785
Total stockholders' equity attributable to Malibu Boats, Inc.	517,745	530,009
Non-controlling interest	4,626	4,710
Total stockholders’ equity	522,371	534,719
Total liabilities and stockholders' equity	759,137	739,624
Class A Common Stock
Stockholders' Equity
Common stock	$ 197	$ 200
Common stock, shares issued (in shares)	19,882,630	20,181,542
Common stock, shares outstanding (in shares)	19,882,630	20,181,542
Class B Common Stock
Stockholders' Equity
Common stock	$ 0	$ 0
Common stock, shares issued (in shares)	12	12
Common stock, shares outstanding (in shares)	12	12

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2024	Jun. 30, 2024
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	19,882,630	20,181,542
Common stock, shares outstanding (in shares)	19,882,630	20,181,542
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	12	12
Common stock, shares outstanding (in shares)	12	12

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid In Capital	Accumulated Other Comprehensive Loss	Accumulated Earnings	Non-controlling Interest in LLC
Beginning balance (in shares) at Jun. 30, 2023				20,603,000	12
Beginning balance at Jun. 30, 2023	$ 615,753			$ 204	$ 0	$ 86,321	$ (4,340)	$ 525,697	$ 7,871
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	20,770							20,259	511
Stock based compensation, net of withholding taxes on vested equity awards	1,443					1,443
Issuances of equity for services	47					47
Repurchase and retirement of common stock (in shares)				(199,000)
Repurchase and retirement of common stock	(9,619)			$ (2)		(9,617)
Distributions to LLC Unit holders	(114)								(114)
Foreign currency translation adjustment	(768)						(751)		(17)
Ending balance (in shares) at Sep. 30, 2023				20,404,000	12
Ending balance at Sep. 30, 2023	627,512			$ 202	$ 0	78,194	(5,091)	545,956	8,251
Beginning balance (in shares) at Jun. 30, 2024		20,181,542	12	20,182,000	12
Beginning balance at Jun. 30, 2024	534,719			$ 200	$ 0	64,222	(4,198)	469,785	4,710
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(5,147)							(5,048)	(99)
Stock based compensation, net of withholding taxes on vested equity awards (in shares)				(21,000)
Stock based compensation, net of withholding taxes on vested equity awards	1,869					1,869
Issuances of equity for services	47					47
Repurchase and retirement of common stock (in shares)				(278,000)
Repurchase and retirement of common stock	(10,100)			$ (3)		(10,097)
Foreign currency translation adjustment	983						968		15
Ending balance (in shares) at Sep. 30, 2024		19,882,630	12	19,883,000	12
Ending balance at Sep. 30, 2024	$ 522,371			$ 197	$ 0	$ 56,041	$ (3,230)	$ 464,737	$ 4,626

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net (loss) income	$ (5,147)	$ 20,770
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Non-cash compensation expense	1,900	1,460
Non-cash compensation to directors	47	297
Depreciation	7,374	6,324
Amortization	1,716	1,715
Deferred income taxes	(1,092)	4,199
Other items, net	605	533
Change in operating assets and liabilities:
Trade receivables	(11,626)	3,501
Inventories	(1,009)	(3,217)
Prepaid expenses and other assets	(6,559)	(4,549)
Accounts payable	13,429	(1,995)
Income taxes payable	917	675
Accrued expenses	(8,516)	(77,650)
Other liabilities	(441)	(474)
Net cash used in operating activities	(8,402)	(48,411)
Investing activities:
Purchases of property and equipment	(8,626)	(39,527)
Net cash used in investing activities	(8,626)	(39,527)
Financing activities:
Proceeds from revolving credit facility	38,000	75,000
Payments on revolving credit facility	(10,000)	(10,000)
Cash paid for withholding taxes on vested restricted stock	(16)	0
Distributions to non-controlling LLC Unit holders	0	(776)
Repurchase and retirement of Class A Common Stock	(10,471)	(9,619)
Net cash provided by financing activities	17,513	54,605
Effect of exchange rate changes on cash	229	(142)
Changes in cash	714	(33,475)
Cash—Beginning of period	26,945	78,937
Cash—End of period	27,659	45,462
Supplemental cash flow information:
Cash paid for interest	493	95
Cash paid for income taxes	$ 137	$ 579

Organization, Basis of Presenta

Organization, Basis of Presentation, and Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Basis of Presentation, and Summary of Significant Accounting Policies	Organization, Basis of Presentation, and Summary of Significant Accounting Policies Organization Malibu Boats, Inc. (“MBI” and, together with its subsidiaries, the “Company” or "Malibu"), a Delaware corporation formed on November 1, 2013, is the sole managing member of Malibu Boats Holdings, LLC, a Delaware limited liability company (the "LLC"). The Company operates and controls all of the LLC's business and affairs and, therefore, pursuant to Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) Topic 810, Consolidation, consolidates the financial results of the LLC and its subsidiaries, and records a non-controlling interest for the economic interest in the Company held by the non-controlling holders of units in the LLC ("LLC Units"). The LLC was formed in 2006. The LLC, through its wholly owned subsidiary, Malibu Boats, LLC, (“Boats LLC”), is engaged in the design, engineering, manufacturing and marketing of innovative, high-quality, recreational powerboats that are sold through a world-wide network of independent dealers. The Company sells its boats under eight brands -- Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt brands. The Company reports its results of operations under three reportable segments -- Malibu, Saltwater Fishing and Cobalt. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim condensed financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and disclosures of results of operations, financial position and changes in cash flow in conformity with GAAP for complete financial statements. Such statements should be read in conjunction with the audited consolidated financial statements and notes thereto of Malibu and subsidiaries for the year ended June 30, 2024, included in the Company's Annual Report on Form 10-K. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Units and shares are presented as whole numbers while all dollar amounts are presented in thousands, unless otherwise noted. Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the operations and accounts of the Company and all subsidiaries thereof. All intercompany balances and transactions have been eliminated upon consolidation. Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-07 , " Segment Reporting (Topic 280 ): Improvements to Reportable Segment Disclosures" which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant expenses. The updated standard is effective for annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. The Company is currently evaluating the effect of adopting this ASU. In December 2023, the FASB issued ASU No. 2023-09 “ Income Taxes (Topic 740): Improvements to Income Tax Disclosures” which requires two primary enhancements of 1) disaggregated information on a reporting entity’s effective tax rate reconciliation, and 2) information on income taxes paid. For public business entities, the new requirements will be effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the effect of adopting this ASU.

Revenue Recognition

Revenue Recognition	3 Months Ended
Revenue Recognition	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following tables disaggregate the Company's revenue by major product type and geography: Three Months Ended September 30, 2024 Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 50,421 $ 64,437 $ 49,560 $ 164,418 Part and other sales 5,598 314 1,250 7,162 Net Sales $ 56,019 $ 64,751 $ 50,810 $ 171,580 Revenue by geography: North America $ 50,175 $ 60,850 $ 48,217 $ 159,242 International 5,844 3,901 2,593 12,338 Net Sales $ 56,019 $ 64,751 $ 50,810 $ 171,580 Three Months Ended September 30, 2023 Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 99,439 $ 92,252 $ 57,104 $ 248,795 Part and other sales 5,566 370 1,099 7,035 Net Sales $ 105,005 $ 92,622 $ 58,203 $ 255,830 Revenue by geography: North America $ 97,055 $ 91,865 $ 57,456 $ 246,376 International 7,950 757 747 9,454 Net Sales $ 105,005 $ 92,622 $ 58,203 $ 255,830 Boat and Trailer Sales Consists of sales of boats and trailers to the Company's dealer network, net of sales returns, discounts, rebates and free flooring incentives. Boat and trailer sales also includes optional boat features. Sales returns consist of boats returned by dealers under the Company's warranty program. Rebates, free flooring and discounts are incentives that the Company provides to its dealers based on sales of eligible products. Part and Other Sales Consists primarily of parts and accessories sales, royalty income and clothing sales. Parts and accessories sales include replacement and aftermarket boat parts and accessories sold to the Company's dealer network. Royalty income is earned from license agreements with various boat manufacturers, including Nautique, Chaparral, Mastercraft, and Tige related to the use of the Company's intellectual property.

Non-controlling Interest

Non-controlling Interest	3 Months Ended
Non-controlling Interest	Sep. 30, 2024
Noncontrolling Interest [Abstract]
Non-controlling Interest	Non-controlling Interest The non-controlling interest on the unaudited interim condensed consolidated statements of operations and comprehensive (loss) income represents the portion of earnings or loss attributable to the economic interest in the Company's subsidiary, the LLC, held by the non-controlling LLC Unit holders. Non-controlling interest on the unaudited interim condensed consolidated balance sheets represents the portion of net assets of the Company attributable to the non-controlling LLC Unit holders, based on the portion of the LLC Units owned by such Unit holders. The ownership of the LLC is summarized as follows: As of September 30, 2024 As of June 30, 2024 Units Ownership % Units Ownership % Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC 321,419 1.6 % 321,419 1.6 % Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC 19,882,630 98.4 % 20,181,542 98.4 % 20,204,049 100.0 % 20,502,961 100.0 % Issuance of Additional LLC Units Under the first amended and restated limited liability company agreement of the LLC, as amended (the "LLC Agreement"), the Company is required to cause the LLC to issue additional LLC Units to the Company when the Company issues additional shares of Class A Common Stock. Other than in connection with the issuance of Class A Common Stock in connection with an equity incentive program, the Company must contribute to the LLC net proceeds and property, if any, received by the Company with respect to the issuance of such additional shares of Class A Common Stock. The Company must cause the LLC to issue a number of LLC Units equal to the number of shares of Class A Common Stock issued such that, at all times, the number of LLC Units held by the Company equals the number of outstanding shares of Class A Common Stock. During the three months ended September 30, 2024, the Company caused the LLC to issue a total of 1,550 LLC Units to the Company in connection with the issuance of Class A Common Stock for the vesting of awards granted under the Malibu Boats, Inc. Long-Term Incentive Plan (the "Incentive Plan"). During the three months ended September 30, 2024, 463 LLC Units were canceled in connection with the vesting of share-based equity awards to satisfy employee tax withholding requirements and 21,514 LLC Units were canceled in connection with stock awards with a performance condition that was deemed to not be achieved. In connection with the cancellation of LLC Units described above, an equivalent 21,514 treasury shares were retired in accordance with the LLC Agreement. Also during the three months ended September 30, 2024, 278,485 LLC Units were redeemed and canceled by the LLC in connection with the purchase and retirement of 278,485 shares under the Company's stock repurchase program that expires on November 8, 2024. Distributions and Other Payments to Non-controlling Unit Holders Distributions for Taxes As a limited liability company (treated as a partnership for income tax purposes), the LLC does not incur significant federal, state or local income taxes, as these taxes are primarily the obligations of its members. As authorized by the LLC Agreement, the LLC is required to distribute cash, to the extent that the LLC has cash available, on a pro rata basis, to its members to the extent necessary to cover the members’ tax liabilities, if any, with respect to their share of LLC earnings. The LLC makes such tax distributions to its members based on an estimated tax rate and projections of taxable income. If the actual taxable income of the LLC multiplied by the estimated tax rate exceeds the tax distributions made in a calendar year, the LLC may make true-up distributions to its members, if cash or borrowings are available for such purposes. As of September 30, 2024 and June 30, 2024, respectively, tax distributions payable to non-controlling LLC Unit holders were $0. During the three months ended September 30, 2024 and 2023, tax distributions paid to the non-controlling LLC Unit holders were $0 and $776, respectively. Other Distributions Pursuant to the LLC Agreement, the Company has the right to determine when distributions will be made to LLC members and the amount of any such distributions. If the Company authorizes a distribution, such distribution will be made to the members of the LLC (including the Company) pro rata in accordance with the percentages of their respective LLC Units.

Inventories

Inventories	3 Months Ended
Inventories	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, net consisted of the following: As of September 30, 2024 As of June 30, 2024 Raw materials $ 100,052 $ 107,245 Work in progress 29,095 20,683 Finished goods 17,725 16,392 Inventory subject to return 1 — 1,253 Total inventories $ 146,872 $ 145,573

Property, Plant and Equipment,

Property, Plant and Equipment, net	3 Months Ended
Property, Plant and Equipment, net	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, net	Property, Plant and Equipment, net Property, plant and equipment, net consisted of the following: As of September 30, 2024 As of June 30, 2024 Land $ 4,890 $ 4,890 Building and leasehold improvements 171,073 170,958 Machinery and equipment 124,159 118,123 Furniture and fixtures 15,473 15,466 Construction in process 42,386 43,511 357,981 352,948 Less: Accumulated depreciation (112,489) (108,347) Property, plant and equipment, net $ 245,492 $ 244,601 Depreciation expense was $7,374 and $6,324 for the three months ended September 30, 2024 and 2023, respectively, substantially all of which was recorded in cost of sales.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, net	3 Months Ended
Goodwill and Other Intangible Assets, net	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, net	Goodwill and Other Intangible Assets, net The changes in the carrying amount of goodwill for the three months ended September 30, 2024 were as follows: Malibu Saltwater Fishing Cobalt Consolidated Goodwill as of June 30, 2024 1 $ 12,099 $ 19,525 $ 19,791 $ 51,415 Effect of foreign currency changes on goodwill 230 — — 230 Balance as of September 30, 2024 $ 12,329 $ 19,525 $ 19,791 $ 51,645 (1) Net of accumulated impairment losses of $49,189 in our Saltwater Fishing segment. The components of other intangible assets were as follows: As of September 30, 2024 As of June 30, 2024 Estimated Useful Life (in years) Weighted-Average Remaining Useful Life Definite-lived intangibles: Dealer relationships $ 131,816 $ 131,735 15 - 20 14.4 Patent 2,600 2,600 15 7.8 Trade name 100 100 15 5.7 Non-compete agreement 48 47 10 0.1 Total 134,564 134,482 Less: Accumulated amortization (39,804) (38,033) Total definite-lived intangible assets, net 94,760 96,449 Indefinite-lived intangible: Trade name 79,000 118,200 Less: Impairment charge — (39,200) Total other intangible assets, net $ 173,760 $ 175,449 Amortization expense recognized on all amortizable intangibles was $1,716 and $1,715 for the three months ended September 30, 2024 and 2023, respectively. Estimated future amortization expenses as of September 30, 2024 are as follows: Fiscal years ending June 30: Amount Remainder of 2025 $ 5,099 2026 6,808 2027 6,808 2028 6,808 2029 6,808 2030 and thereafter 62,429 $ 94,760

Accrued Expenses

Accrued Expenses	3 Months Ended
Accrued Expenses	Sep. 30, 2024
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following: As of September 30, 2024 As of June 30, 2024 Warranties $ 36,577 $ 37,967 Dealer incentives 12,207 28,911 Accrued compensation 17,350 13,791 Current operating lease liabilities 2,101 2,177 Accrued legal and professional fees 27,879 22,467 Customer deposits 4,691 4,270 Government grant 5,511 5,867 Other accrued expenses 4,576 3,980 Total accrued expenses $ 110,892 $ 119,430 Accrued legal and professional fees include approximately $21,000 in insurance coverage proceeds that are subject in certain cases to reservations of rights by the insurance carriers. The proceeds will be considered a liability in accrued expenses until the resolution of the litigation. Additionally, accrued legal and professional fees includes approximately $3,500 related to the settlement agreement with Mark E. Andrews, Chapter 11 Trustee (the “Trustee”) for Tommy’s Fort Worth LLC and its affiliate debtors, which agreement is subject to approval by the United States Bankruptcy Court of the Northern District of Texas, Fort Worth Division (the "Bankruptcy Court"). For more information, refer to Note 15 of our condensed consolidated financial statements included elsewhere in this report. Government grant includes approximately $5,511 related to an Economic Development Grant paid by the State of Tennessee in relation to the purchase of the Roane County property purchase and related improvements. The grant requires the Company to create and maintain a specified number of jobs in order to retain the grant. The accrued liability will be relieved as the Company satisfies headcount requirements.

Product Warranties

Product Warranties	3 Months Ended
Product Warranties	Sep. 30, 2024
Product Warranties Disclosures [Abstract]
Product Warranties	Product Warranties The Company's Malibu and Axis brand boats have a limited warranty for a period up to five years. The Company's Cobalt brand boats have (1) a structural warranty of up to ten years which covers the hull, deck joints, bulkheads, floor, transom, stringers, and motor mount and (2) a five-year bow-to-stern warranty on all components manufactured or purchased (excluding hull and deck structural components), including canvas and upholstery. Gel coat is covered up to three years for Cobalt and one year for Malibu and Axis. Pursuit brand boats have (1) a limited warranty for a period of up to five years on structural components such as the hull, deck and defects in the gel coat surface of the hull bottom and (2) a bow-to-stern warranty of two years (excluding hull and deck structural components). Maverick, Pathfinder and Hewes brand boats have (1) a limited warranty for a period of up to five years on structural components such as the hull, deck and defects in the gelcoat surface of the hull bottom and (2) a bow-to-stern warranty of one year (excluding hull and deck structural components). Cobia brand boats have (1) a limited warranty for a period of up to ten years on structural components such as the hull, deck and defects in the gelcoat surface of the hull bottom and (2) a bow-to-stern warranty of three years (excluding hull and deck structural components). For each boat brand, there are certain materials, components or parts of the boat that are not covered by the Company’s warranty and certain components or parts that are separately warranted by the manufacturer or supplier (such as the engine). Engines that the Company manufactures for Malibu and Axis models have a limited warranty of up to five years or five-hundred hours. The Company’s standard warranties require it or its dealers to repair or replace defective products during the warranty period at no cost to the consumer. The Company estimates warranty costs it expects to incur and records a liability for such costs at the time the product revenue is recognized. The Company utilizes historical claims trends and analytical tools to develop the estimate of its warranty obligation on a per boat basis, by brand and warranty year. Factors that affect the Company’s warranty liability include the number of units sold, historical and anticipated rates of warranty claims and cost per claim. The Company assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Beginning in model year 2016, the Company increased the term of its limited warranty for Malibu brand boats from three years to five years and for Axis brand boats from two years to five years. Beginning in model year 2018, the Company increased the term of its bow-to-stern warranty for Cobalt brand boats from three years to five years. Future warranty claims may differ from the Company’s estimate of the warranty liability, which could lead to changes in the Company’s warranty liability in future periods. Changes in the Company’s product warranty liability, which is included in accrued expenses on the unaudited interim condensed consolidated balance sheets, were as follows: Three Months Ended September 30, 2024 2023 Beginning balance $ 37,967 $ 41,709 Add: Warranty expense 5,763 6,414 Less: Warranty claims paid (7,153) (6,526) Ending balance $ 36,577 $ 41,597

Financing

Financing	3 Months Ended
Financing	Sep. 30, 2024
Debt Disclosure [Abstract]
Financing	Financing Outstanding debt consisted of the following: As of September 30, 2024 As of June 30, 2024 Term loan $ — $ — Revolving credit loan 28,000 — Total debt 28,000 — Less current maturities — — Long-term debt less current maturities $ 28,000 $ — Long-Term Debt On July 8, 2022, Boats LLC entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”) which provides Boats LLC with a revolving credit facility in an aggregate principal amount of up to $350,000. As of September 30, 2024, Boats LLC had $28,000 outstanding under its revolving credit facility and $1,728 in outstanding letters of credit, with $320,272 available for borrowing. The revolving credit facility matures on July 8, 2027. Boats LLC has the option to request that lenders increase the amount available under the revolving credit facility by, or obtain incremental term loans of, up to $200,000, subject to the terms of the Credit Agreement and only if existing or new lenders choose to provide additional term or revolving commitments. The obligations of Boats LLC under the Credit Agreement are guaranteed by the LLC, and, subject to certain exceptions, the present and future domestic subsidiaries of Boats LLC, and all such obligations are secured by substantially all of the assets of the LLC, Boats LLC and such subsidiary guarantors. Malibu Boats, Inc. is not a party to the Credit Agreement. Borrowings under the Credit Agreement bear interest at a rate equal to either, at the Company's option, (i) the highest of the prime rate, the Federal Funds Rate (as defined in the Credit Agreement) plus 0.5%, or one-month Term SOFR (as defined in the Credit Agreement) plus 1% (the “Base Rate”) or (ii) SOFR (as defined in the Credit Agreement), in each case plus an applicable margin ranging from 1.25% to 2.00% with respect to SOFR borrowings and 0.25% to 1.00% with respect to Base Rate borrowings. The applicable margin is based upon the consolidated leverage ratio of the LLC and its subsidiaries. As of September 30, 2024, the interest rate on the Company’s revolving credit facility was 8.25%. The Company is required to pay a commitment fee for any unused portion of the revolving credit facility which ranges from 0.15% to 0.30% per annum, depending on the LLC’s and its subsidiaries’ consolidated leverage ratio. The Credit Agreement contains certain customary representations and warranties, and notice requirements for the occurrence of specific events such as the occurrence of any event of default or pending or threatened litigation. The Credit Agreement also requires compliance with certain customary financial covenants consisting of a minimum ratio of EBITDA to interest expense and a maximum ratio of total debt to EBITDA. The Credit Agreement contains certain customary restrictive covenants regarding indebtedness, liens, fundamental changes, investments, share repurchases, dividends and distributions, disposition of assets, transactions with affiliates, negative pledges, hedging transactions, certain prepayments of indebtedness, accounting changes and governmental regulation. For example, the Credit Agreement generally prohibits the LLC, Boats LLC and the subsidiary guarantors from paying dividends or making distributions, including to the Company. The credit facility permits, however, (i) distributions based on a member’s allocated taxable income, (ii) distributions to fund payments that are required under the LLC’s tax receivable agreement, (iii) purchase of stock or stock options of the LLC from former officers, directors or employees of loan parties or payments pursuant to stock option and other benefit plans up to $5,000 in any fiscal year, and (iv) repurchases of the Company's outstanding stock and LLC Units. In addition, the LLC may make unlimited dividends and distributions if its consolidated leverage ratio is 2.75 or less and certain other conditions are met, subject to compliance with certain financial covenants. The Credit Agreement also contains customary events of default. If an event of default has occurred and continues beyond any applicable cure period, the administrative agent may (i) accelerate all outstanding obligations under the Credit Agreement or (ii) terminate the commitments, amongst other remedies. Additionally, the lenders are not obligated to fund any new borrowing under the Credit Agreement while an event of default is continuing. Covenant Compliance As of September 30, 2024, the Company was in compliance with the financial covenants contained in the Credit Agreement.

Leases

Leases	3 Months Ended
Leases	Sep. 30, 2024
Leases [Abstract]
Leases	Leases The Company leases certain manufacturing facilities, warehouses, office space, land, and equipment. The Company determines if a contract is a lease or contains an embedded lease at the inception of the agreement. Leases with an initial term of 12 months or less are not recorded on the unaudited interim condensed consolidated balance sheets. The Company does not separate non-lease components from the lease components to which they relate, and instead accounts for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. The Company's lease liabilities do not include future lease payments related to options to extend or terminate lease agreements as it is not reasonably certain those options will be exercised. Other information concerning the Company's operating leases accounted for under ASC Topic 842, Leases is as follows: Classification As of September 30, 2024 As of June 30, 2024 Assets Right-of-use assets Other assets $ 6,363 $ 6,883 Liabilities Current operating lease liabilities Accrued expenses $ 2,101 $ 2,177 Long-term operating lease liabilities Other liabilities 5,243 5,763 Total lease liabilities $ 7,344 $ 7,940 Classification Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Operating lease costs (1) Cost of sales $ 567 $ 705 Selling and marketing, and general and administrative 193 240 Sublease income Other income, net (10) (10) Cash paid for amounts included in the measurement of operating lease liabilities Cash flows from operating activities 667 664 (1) Includes short-term leases, which are insignificant, and are not included in the lease liability. The lease liability for operating leases that contain variable escalating rental payments with scheduled increases that are based on the lesser of a stated percentage increase or the cumulative increase in an index, are determined using the stated percentage increase. The weighted-average remaining lease term as of September 30, 2024 and 2023 was 3.39 years and 4.34 years, respectively. As of September 30, 2024 and 2023, the weighted-average discount rate determined based on the Company's incremental borrowing rate is 3.67% and 3.69%, respectively. Future annual minimum lease payments for the following fiscal years as of September 30, 2024 are as follows: Amount Remainder of 2025 $ 1,757 2026 2,274 2027 2,258 2028 1,506 2029 1 2030 and thereafter — Total 7,796 Less: imputed interest (452) Present value of lease liabilities $ 7,344

Tax Receivable Agreement Liabil

Tax Receivable Agreement Liability	3 Months Ended
Tax Receivable Agreement Liability	Sep. 30, 2024
Tax Receivable Agreement [Abstract]
Tax Receivable Agreement Liability	Tax Receivable Agreement Liability The Company has a Tax Receivable Agreement with the pre-IPO owners of the LLC that provides for the payment by the Company to the pre-IPO owners (or their permitted assignees) of 85% of the amount of the benefits, if any, that the Company is deemed to realize as a result of (i) increases in tax basis and (ii) certain other tax benefits related to the Company entering into the Tax Receivable Agreement, including those attributable to payments under the Tax Receivable Agreement. These contractual payment obligations are obligations of the Company and not of the LLC. The Company's Tax Receivable Agreement liability was determined on an undiscounted basis in accordance with ASC 450, Contingencies , since the contractual payment obligations were deemed to be probable and reasonably estimable. For purposes of the Tax Receivable Agreement, the benefit deemed realized by the Company is computed by comparing the actual income tax liability of the Company (calculated with certain assumptions) to the amount of such taxes that the Company would have been required to pay had there been no increase to the tax basis of the assets of the LLC as a result of the purchases or exchanges, and had the Company not entered into the Tax Receivable Agreement. The following table reflects the changes to the Company's tax receivable agreement liability: As of September 30, 2024 As of June 30, 2024 Beginning fiscal year balance $ 40,613 $ 43,465 Additions (reductions) to tax receivable agreement: Exchange of LLC Units for Class A Common Stock — 1,320 Adjustment for change in estimated state tax rate or benefits — 36 Payments under tax receivable agreement — (4,208) 40,613 40,613 Less: current portion under tax receivable agreement — — Ending balance $ 40,613 $ 40,613 The Tax Receivable Agreement further provides that, upon certain mergers, asset sales or other forms of business combinations or other changes of control, the Company (or its successor) would owe to the pre-IPO owners of the LLC a lump-sum payment equal to the present value of all forecasted future payments that would have otherwise been made under the Tax Receivable Agreement that would be based on certain assumptions, including a deemed exchange of LLC Units and that the Company would have sufficient taxable income to fully utilize the deductions arising from the increased tax basis and other tax benefits related to entering into the Tax Receivable Agreement. The Company also is entitled to terminate the Tax Receivable Agreement, which, if terminated, would obligate the Company to make early termination payments to the pre-IPO owners of the LLC. In addition, a pre-IPO owner may elect to unilaterally terminate the Tax Receivable Agreement with respect to such pre-IPO owner, which would obligate the Company to pay to such existing owner certain payments for tax benefits received through the taxable year of the election. When estimating the expected tax rate to use in order to determine the tax benefit expected to be recognized from the Company’s increased tax basis as a result of exchanges of LLC Units by the pre-IPO owners of the LLC, the Company continuously monitors changes in its overall tax posture, including changes resulting from new legislation and changes as a result of new jurisdictions in which the Company is subject to tax.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is taxed as a C corporation for U.S. income tax purposes and is therefore subject to both federal and state taxation at a corporate level. The LLC continues to operate in the United States as a partnership for U.S. federal income tax purposes. Maverick Boat Group is separately subject to U.S. federal and state income tax with respect to its net taxable income. Income taxes are computed in accordance with ASC Topic 740, Income Taxes , and reflect the net tax effects of temporary differences between the financial reporting carrying amounts of assets and liabilities and the corresponding income tax amounts. The Company has deferred tax assets and liabilities and maintains valuation allowances where it is more likely than not that all or a portion of deferred tax assets will not be realized. To the extent the Company determines that it will not realize the benefit of some or all of its deferred tax assets, such deferred tax assets will be adjusted through the Company’s (benefit) provision for income taxes in the period in which this determination is made. As of September 30, 2024 and June 30, 2024, the Company maintained a total valuation allowance of $17,349 and $17,355, respectively, against deferred tax assets related to state net operating losses and future amortization deductions (with respect to the Section 754 election) that are reported in the Tennessee corporate tax return without offsetting income, which is taxable at the LLC. These also include a valuation allowance in the amount of $580 related to foreign tax credit carryforward that is not expected to be utilized in the future. The Company’s consolidated interim effective tax rate is based upon expected annual income from operations, statutory tax rates and tax laws in the various jurisdictions in which the Company operates. Significant or unusual items, including those related to the change in U.S. tax law as well as other adjustments to accruals for tax uncertainties, are recognized in the quarter in which the related event occurs. On August 16, 2022, the Inflation Reduction Act of 2022 (the “Inflation Reduction Act”) was signed into law. The Inflation Reduction Act contains significant business tax provisions, including an excise tax on stock buybacks (1% for transactions beginning January 1, 2023), increased funding for IRS tax enforcement, expanded energy incentives promoting clean energy investment, and a 15% corporate minimum tax on certain large corporations. The effects of the new legislation are recognized upon enactment. The Company did not recognize any significant impact to income tax benefit for the three months ended September 30, 2024 relating to the Inflation Reduction Act. For the three months ended September 30, 2024 and 2023, the Company's effective tax rate was 14.2% and 25.1%, respectively. For the three months ended September 30, 2024, the Company's effective tax rate was reduced by deferred tax impacts of pre-tax losses and U.S. state taxes. For the three months ended September 30, 2023, the Company's effective tax rate exceeded the statutory federal income tax rate of 21% primarily due to the impact of U.S. state taxes. For the three months ended September 30, 2023, the increase in the effective tax rate over the statutory federal income tax rate was partially offset by the foreign derived intangible income deduction.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company adopted a Long Term Incentive Plan (the "Incentive Plan") which became effective on January 1, 2014, and reserves for issuance up to 1,700,000 shares of Malibu Boats, Inc. Class A Common Stock for the Company’s employees, consultants, members of its board of directors and other independent contractors at the discretion of the compensation committee. Incentive stock awards authorized under the Incentive Plan include unrestricted shares of Class A Common Stock, stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalent awards and performance awards. As of September 30, 2024, 11,069 shares remain available for future issuance under the long term incentive plan. On August 5, 2024, under the Incentive Plan, Malibu Boats, Inc. granted two awards to its newly-appointed Chief Executive Officer. The two service-based stock awards include 44,064 units that will vest in equal installments over three years and 14,363 units that will vest in one year. The combined grant date fair value of these awards was $2,047 based on a stock price of $35.04 per share on the date of grant. The following is a summary of the changes in the Company's stock options for the three months ended September 30, 2024: Shares Weighted-Average Exercise Price/Share Total outstanding options as of June 30, 2024 17,973 $ 37.55 Options granted — — Options exercised — — Outstanding options as of September 30, 2024 17,973 $ 37.55 Exercisable as of September 30, 2024 17,973 $ 37.55 The following is a summary of the changes in non-vested restricted stock units and restricted stock awards for the three months ended September 30, 2024: Number of Restricted Stock Units and Restricted Stock Awards Outstanding Weighted-Average Grant Date Fair Value Total Non-vested Restricted Stock Units and Restricted Stock Awards as of June 30, 2024 519,106 $ 50.08 Granted 59,757 35.04 Vested (2,880) 39.31 Forfeited (26,026) 70.07 Total Non-vested Restricted Stock Units and Restricted Stock Awards as of September 30, 2024 549,957 $ 47.56 Stock-based compensation expense attributable to the Company's share-based equity awards was $1,900 and $1,460 for the three months ended September 30, 2024 and 2023, respectively . Stock-based compensation expense attributed to share-based equity awards issued under the Incentive Plan is recognized on a straight-line basis over the terms of the respective awards and is included in general and administrative expense in the Company's unaudited interim condensed consolidated statements of operations and comprehensive (loss) income. Awards vesting during the three months ended September 30, 2024 include 1,330 fully vested restricted stock units issued to non-employee directors for their service as directors for the Company.

Net (Loss) Earnings Per Share

Net (Loss) Earnings Per Share	3 Months Ended
Net (Loss) Earnings Per Share	Sep. 30, 2024
Earnings Per Share [Abstract]
Net (Loss) Earnings Per Share	Net (Loss) Earnings Per Share Basic net (loss) income per share of Class A Common Stock is computed by dividing net (loss) income attributable to the Company's earnings by the weighted-average number of shares of Class A Common Stock outstanding during the period. The weighted-average number of shares of Class A Common Stock outstanding used in computing basic net (loss) income per share includes fully vested restricted stock units awarded to directors that are entitled to participate in distributions to common stockholders through receipt of additional units of equivalent value to the dividends paid to Class A Common Stock holders. Diluted net (loss) income per share of Class A Common Stock is computed similarly to basic net (loss) income per share except the weighted-average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents using the treasury method, if dilutive. The Company's LLC Units and non-qualified stock options are considered common stock equivalents for this purpose. The number of additional shares of Class A Common Stock related to these common stock equivalents and stock options are calculated using the treasury stock method. Stock awards with a performance condition that are based on the attainment of a specified amount of earnings are only included in the computation of diluted earnings per share to the extent that the performance condition would be achieved based on the current amount of earnings, and only if the effect would be dilutive. Stock awards with a market condition that are based on the performance of the Malibu Boats, Inc.'s stock price in relation to a market index over a specified time period are only included in the computation of diluted earnings per share to the extent that the shares would be issued based on the current market price of the Malibu Boats, Inc.'s stock in relation to the market index, and only if the effect would be dilutive. Basic and diluted net (loss) income per share of Class A Common Stock has been computed as follows (in thousands, except share and per share amounts): Three Months Ended September 30, 2024 2023 Basic: Net (loss) income attributable to Malibu Boats, Inc. $ (5,048) $ 20,259 Shares used in computing basic net (loss) income per share: Weighted-average Class A Common Stock 19,747,549 20,322,239 Weighted-average participating restricted stock units convertible into Class A Common Stock 278,193 264,248 Basic weighted-average shares outstanding 20,025,742 20,586,487 Basic net (loss) income per share $ (0.25) $ 0.98 Diluted: Net (loss) income attributable to Malibu Boats, Inc. $ (5,048) $ 20,259 Shares used in computing diluted net (loss) income per share: Basic weighted-average shares outstanding 20,025,742 20,586,487 Restricted stock units granted to employees — 65,118 Stock options granted to employees — 5,409 Market performance awards granted to employees — 27,216 Diluted weighted-average shares outstanding 1 20,025,742 20,684,230 Diluted net (loss) income per share $ (0.25) $ 0.98 1 The Company excluded 691,159 and 470,262 potentially dilutive shares from the calculation of diluted net (loss) income per share for the three months ended September 30, 2024 and 2023, respectively. The shares of Class B Common Stock do not share in the earnings or losses of Malibu Boats, Inc. and are therefore not included in the calculation. Accordingly, basic and diluted net (loss) income per share of Class B Common Stock have not been presented.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Repurchase Commitments In connection with its dealers’ wholesale floor plan financing of boats, the Company has entered into repurchase agreements with various lending institutions. The reserve methodology used to record an estimated expense and loss reserve in each accounting period is based upon an analysis of likely repurchases based on current field inventory and likelihood of repurchase. Subsequent to the inception of the repurchase commitment, the Company evaluates the likelihood of repurchase and adjusts the estimated loss reserve accordingly. When a potential loss reserve is recorded, it is presented in accrued liabilities in the accompanying unaudited interim condensed consolidated balance sheets. If the Company were obligated to repurchase a significant number of units under any repurchase agreement, its business, operating results and financial condition could be adversely affected. The total amount financed under the floor financing programs with repurchase obligations was $317,397 and $367,950 as of September 30, 2024 and June 30, 2024, respectively. Repurchases and subsequent sales are recorded as a revenue transaction. The net difference between the repurchase price and the resale price is recorded against the loss reserve and presented in cost of sales in the accompanying unaudited interim condensed consolidated statements of operations and comprehensive (loss) income. During the three months ended September 30, 2024, the Company repurchased 19 units totaling $2.5 million subject to the Company's repurchase agreement with M&T Bank ("Repurchase Agreement"), the lender under the floor financing plan for Tommy's Boats. This repurchase was reflected in the Company's June 30, 2024 consolidated financial statements and these boats were subsequently resold during the three months ended September 30, 2024 above cost. With respect to boats not subject to the Repurchase Agreement, Mark E. Andrews, Chapter 11 Trustee (the “Trustee”) for Tommy’s Fort Worth, LLC and its affiliate debtors (the “Debtors”) in the jointly administered Chapter 11 Cases No. 24-90000 has retained Gordon Brothers to sell the remaining inventory as part of liquidation sales that are ongoing. During the three months ended September 30, 2023, there were no repurchases of any such inventory. As of September 30, 2024, the Company has not been notified about any probable repossessions. Therefore, the Company did not carry a reserve as of September 30, 2024 consistent with June 30, 2024. The Company has collateralized receivables financing arrangements with a third-party floor plan financing provider for European dealers. Under terms of these arrangements, the Company transfers the right to collect a trade receivable to the financing provider in exchange for cash but agrees to repurchase the receivable if the dealer defaults. Since the transfer of the receivable to the financing provider does not meet the conditions for a sale under ASC Topic 860 , Transfers and Servicing , the Company continues to report the transferred trade receivable in other current assets with an offsetting balance recorded as a secured obligation in accrued expenses in the Company's unaudited interim condensed consolidated balance sheets. As of September 30, 2024 and June 30, 2024, the Company had no financing receivables recorded in other current assets and accrued expenses related to these arrangements. Contingencies Product Liability The Company is engaged in a business that exposes it to claims for product liability and warranty claims in the event the Company’s products actually or allegedly fail to perform as expected or the use of the Company’s products results, or is alleged to result, in property damage, personal injury or death. Although the Company maintains product and general liability insurance of the types and in the amounts that the Company believes are customary for the industry, the Company is not fully insured against all such potential claims. The Company may have the ability to refer claims to its suppliers and their insurers to pay the costs associated with any claims arising from the suppliers’ products. The Company’s insurance covers such claims that are not adequately covered by a supplier’s insurance and provides for excess secondary coverage above the limits provided by the Company’s suppliers. The Company may experience legal claims in excess of its insurance coverage or claims that are not covered by insurance, either of which could adversely affect its business, financial condition and results of operations. Adverse determination of material product liability and warranty claims made against the Company could have a material adverse effect on its financial condition and harm its reputation. In addition, if any of the Company's products are, or are alleged to be, defective, the Company may be required to participate in a recall of that product if the defect or alleged defect relates to safety. These and other claims that the Company faces could be costly to the Company and require substantial management attention. Refer to Note 8 for discussion of warranty claims. The Company insures against product liability claims and, except as disclosed below, believes there are no material product liability claims as of September 30, 2024 that will have a material adverse impact on the Company’s results of operations, financial condition or cash flows. Litigation Certain conditions may exist which could result in a loss, but which will only be resolved when future events occur. The Company, in consultation with its legal counsel, assesses such contingent liabilities, and such assessments inherently involve an exercise of judgment. If the assessment of a contingency indicates that it is probable that a loss has been incurred, the Company accrues for such contingent loss when it can be reasonably estimated. If the assessment indicates that a potentially material loss contingency is not probable but reasonably estimable, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, is disclosed. If the assessment of a contingency deemed to be both probable and reasonably estimable involves a range of possible losses, the amount within the range that appears at the time to be a better estimate than any other amount within the range would be accrued. When no amount within the range is a better estimate than any other amount, the minimum amount in the range is accrued even though the minimum amount in the range is not necessarily the amount of loss that will be ultimately determined. Estimates of potential legal fees and other directly related costs associated with contingencies are not accrued but rather are expensed as incurred. Except as disclosed below, management does not believe there are any pending claims (asserted or unasserted) as of September 30, 2024 that will have a material adverse impact on the Company's financial condition, results of operations or cash flows. Legal Proceedings Insurance Litigation MBI and its indirect subsidiary Boats LLC were defendants in the product liability case Batchelder et al. v. Malibu Boats, LLC, f/k/a Malibu Boats, Inc.; Malibu Boats West, Inc., et. al., Superior Court of Rabun County, Georgia, Civil Action Case No. 2016-CV-0114-C (the “Batchelder I Matter”), brought by, among others, Stephan Paul Batchelder and Margaret Mary Batchelder as Administrators of the Estate of Ryan Paul Batchelder, deceased (“Batchelder I Plaintiffs”). Boats LLC was also a defendant in a related product liability case, Stephan Paul Batchelder and Margaret Mary Batchelder, as Natural Guardians of Josh Patrick Batchelder, a minor; Darin Batchelder, individually, and as Natural Guardian of Zach Batchelder, a minor; and Kayla Batchelder (the “Batchelder II Plaintiffs” and, together with the Batchelder I Plaintiffs, the “Batchelder Plaintiffs”) v. Malibu Boats, LLC v. Dennis Michael Ficarra; Superior Court of Rabun County, Civil Action File No. 2022-CV-0034 (the “Batchelder II Matter” and, together with the Batchelder I Matter, the “Batchelder Matters”). On June 30, 2023, MBI and Boats LLC entered into a Confidential General Release and Settlement Agreement (the “Settlement Agreement”) with the Batchelder Plaintiffs in settlement of the Batchelder Matters and all matters related to the Batchelder Matters. Pursuant to the Settlement Agreement, among other things, Malibu Boats, Inc., or Boats LLC, as the case may be, paid (or caused to be paid) to the Batchelder Plaintiffs and their agents a total of $100,000. MBI and its subsidiaries, including Boats LLC, maintain liability insurance applicable to the Batchelder Matters described above with coverage up to $26,000. As of September 30, 2024, the Company had received approximately $21,000 in insurance coverage proceeds, subject in certain cases to reservations of rights by the insurance carriers. The Company contends that the insurance carriers are responsible for the entirety of the $100,000 settlement amount and related expenses, and therefore, the insurers’ payments to date are well below what they should have tendered to Boats LLC. Accordingly, on July 3, 2023, Boats LLC filed a complaint against Federal Insurance Company (a Chubb subsidiary) and Starr Indemnity & Liability Company alleging that the insurers unreasonably failed to comply with their obligations by refusing, negligently, and in bad faith, to settle covered claims within their available policy limits prior to trial. On April 8, 2024, the court dismissed Starr, noting that only Chubb had the contractual right and duty to settle the Batchelder matters prior to trial. The Court subsequently granted the Company's motion for partial summary judgement, which precludes Chubb from apportioning liability to Starr. Chubb filed a notice of appeal on September 26, 2024, with respect to the dismissal of Starr and the order granting partial summary judgment against Chubb. The Company intends to vigorously pursue its claims against the insurance carriers to recover the full $100,000 settlement amount and expenses (less any monies already tendered without reservation by the carriers). However, the Company cannot predict the outcome of such litigation. Tommy's Boats and Matthew Borisch On April 10, 2024, fifteen dealerships operated under common control of Tommy’s Boats (“Tommy’s Boats”) filed a complaint against MBI and its indirect subsidiary Boats LLC in the United States District Court for the Eastern District of Tennessee (Case 3:24-cv-00166). The complaint alleges that MBI and Boats LLC breached obligations under dealership agreements with Tommy’s Boats, quantum meruit, unjust enrichment, promissory estoppel and intentional and negligent misrepresentations relating to the parties’ commercial relationship. Tommy’s Boats is seeking monetary damages. Boats LLC took possession of 19 new model year 2024 boats according to a repurchase agreement with M&T Bank, the floor financing lender to Tommy’s Boats. These boats were subsequently resold during the three months ended September 30, 2024. On July 3, 2024, Mark E. Andrews, Chapter 11 Trustee (the “Trustee”) for Tommy’s Boats voluntarily dismissed without prejudice the claims filed by Tommy's Boats. Pursuant to an order of the bankruptcy court, the Company agreed to cooperate in good faith to mediate with the Trustee. On August 16, 2024, Matthew Borisch, the principal owner of Tommy’s Boats, filed a complaint against MBI, Boats LLC, and Jack Springer in the United States District Court for the Eastern District of Tennessee (Case 3:24-cv-00339), alleging similar allegations to those of the dismissed complaint against MBI and Boats LLC filed by Tommy’s Boats. Mr. Borisch amended his complaint on October 29, 2024. On October 7, 2024, the Company entered into a Settlement Agreement (the “Settlement Agreement”) with the Trustee. Pursuant to the Settlement Agreement, upon the satisfaction of certain conditions, the Company agreed to pay the Tommy’s Boats’ estate $3.5 million in cash and the Company and the Trustee agreed to mutual releases of all outstanding claims between them. In addition, the settlement, is conditioned upon the Bankruptcy Court’s determining that Mr. Borisch’s claims in the Eastern District of Tennessee action (Case 3:24-cv-00339) belong to the Tommy’s Boats estates, and are therefore settled by the Settlement Agreement between the Trustee and Malibu, and that to enforce the automatic stay, Mr. Borisch must be enjoined from pursuing these claims or any other claims against MBI and Boats LLC that are property of the Tommy’s Boats estates. The Settlement Agreement is subject to approval by the Bankruptcy Court. Securities Class Action Lawsuit On April 29, 2024, a stockholder, individually and on behalf of all others similarly situated, filed a complaint against MBI and Jack Springer, Bruce Beckman, David Black, and Wayne Wilson as current and former officers of the Company in the United States District Court for the Southern District of New York (Case 1:24-cv-03254). On August 15, the Court appointed the Retiree Benefit Trust of the City of Baltimore as the Lead Plaintiff in the action. On October 4, 2024, Lead Plaintiff filed an amended complaint which alleges violations of the Securities Exchange Act of 1934, as amended, in connection with allegedly false and misleading statements related to the Company's business, operations, and prospects during the period from November 4, 2022 through May 1, 2024. The amended complaint alleges, among other things, that the defendants violated Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5 by not disclosing alleged material adverse facts related to the Company’s inventory, demand and relationship with one of its former dealers, Tommy’s Boats, and accordingly, that certain statements made during the class period about the Company's business, operations, and prospects were materially misleading. The Company intends to vigorously defend itself against claims alleged in this securities class action. The Company is unable to provide any reasonable evaluation of the likelihood that a loss will be incurred or any reasonable estimate of the range of possible loss. Customer Class Action Lawsuit On May 31, 2024, a customer filed a class action complaint against MBI and Boats LLC in the United States District Court for the District of Delaware. (Case 1:24-cv-00648). The complaint, which purports to be filed on behalf of a nationwide class of customers, alleges violation of common law, the Magnusson-Moss Warranty Act, breach of express warranty, breach of implied warranty, and violation of California’s Consumer Legal Remedies Act based on guidance issued to customers of certain older model boats related to riding in the bow area of those boats. The Company intends to vigorously defend itself. The Company is unable to provide any reasonable evaluation of the likelihood that a loss will be incurred or any reasonable estimate of the range of possible loss.

Segment Reporting

Segment Reporting	3 Months Ended
Segment Reporting	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company has three reportable segments, Malibu, Saltwater Fishing and Cobalt. The Malibu segment participates in the manufacturing, distribution, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Saltwater Fishing segment participates in the manufacturing, distribution, marketing and sale throughout the world of Pursuit boats and the Maverick Boat Group brand boats (Maverick, Cobia, Pathfinder and Hewes). The Cobalt segment participates in the manufacturing, distribution, marketing and sale of Cobalt boats throughout the world. There is no country outside of the United States from which the Company (a) derived net sales equal to 10% of total net sales for the three months ended September 30, 2024, or (b) attributed assets equal to 10% of total assets as of September 30, 2024. Net sales are attributed to countries based on the location of the dealer. The following tables present financial information for the Company’s reportable segments for the three months ended September 30, 2024 and 2023, respectively, and the Company’s financial position at September 30, 2024 and June 30, 2024, respectively: Three Months Ended September 30, 2024 Malibu Saltwater Fishing Cobalt Consolidated Net sales $ 56,019 $ 64,751 $ 50,810 $ 171,580 (Loss) income before (benefit) provision for income taxes $ (10,072) $ 1,810 $ 2,265 $ (5,997) Three Months Ended September 30, 2023 Malibu Saltwater Fishing Cobalt Consolidated Net sales $ 105,005 $ 92,622 $ 58,203 $ 255,830 Income before provision for income taxes $ 11,937 $ 8,995 $ 6,816 $ 27,748 As of September 30, 2024 As of June 30, 2024 Assets Malibu $ 131,769 $ 122,707 Saltwater Fishing 356,633 350,063 Cobalt 270,735 266,854 Total assets $ 759,137 $ 739,624

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 23, 2024, at the Company’s annual meeting of stockholders (the “Annual Meeting”), the Company’s stockholders approved the Malibu Boats, Inc. 2024 Performance Incentive Plan (the “2024 Plan”), as described in the Company’s Definitive Proxy Statement, filed with the Securities and Exchange Commission on September 19, 2024 to replace the Incentive Plan effective as of the date of stockholder approval. The Company’s Board of Directors approved the 2024 Plan on September 11, 2024, subject to stockholder approval. The Plan provides for an aggregate limit of up to (i) 1,020,000 shares of common stock plus (ii) the number of shares subject to stock options granted under the Incentive Plan and outstanding as of the date of the Annual Meeting, which expire, or for any reason are cancelled or terminated, after the date of the Annual Meeting without being exercised, plus (iii) the number of any shares subject to restricted stock unit awards under the Incentive Plan that are outstanding and unvested as of the date of the Annual Meeting which are forfeited, terminated, cancelled, or otherwise reacquired after the date of the Annual Meeting without having become vested. The Company’s directors, officers and employees, as well as any of the officers or employees of the Company’s subsidiaries, certain consultants and advisors are currently eligible to receive equity awards under the 2024 Plan. On October 23, 2024, the Company's Board of Directors authorized a stock repurchase program to allow for the repurchase of up to $50.0 million of its Class A Common Stock and the LLC's LLC Units (the “2024 Repurchase Program”) for the period from November 8, 2024 to June 30, 2025. The Company intends to fund repurchases under the 2024 Repurchase Program from cash on hand.

Organization, Basis of Presen_2

Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim condensed financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and disclosures of results of operations, financial position and changes in cash flow in conformity with GAAP for complete financial statements. Such statements should be read in conjunction with the audited consolidated financial statements and notes thereto of Malibu and subsidiaries for the year ended June 30, 2024, included in the Company's Annual Report on Form 10-K. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Units and shares are presented as whole numbers while all dollar amounts are presented in thousands, unless otherwise noted.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the operations and accounts of the Company and all subsidiaries thereof. All intercompany balances and transactions have been eliminated upon consolidation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-07 , " Segment Reporting (Topic 280 ): Improvements to Reportable Segment Disclosures" which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant expenses. The updated standard is effective for annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. The Company is currently evaluating the effect of adopting this ASU. In December 2023, the FASB issued ASU No. 2023-09 “ Income Taxes (Topic 740): Improvements to Income Tax Disclosures” which requires two primary enhancements of 1) disaggregated information on a reporting entity’s effective tax rate reconciliation, and 2) information on income taxes paid. For public business entities, the new requirements will be effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the effect of adopting this ASU.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company's revenue by major product type and geography: Three Months Ended September 30, 2024 Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 50,421 $ 64,437 $ 49,560 $ 164,418 Part and other sales 5,598 314 1,250 7,162 Net Sales $ 56,019 $ 64,751 $ 50,810 $ 171,580 Revenue by geography: North America $ 50,175 $ 60,850 $ 48,217 $ 159,242 International 5,844 3,901 2,593 12,338 Net Sales $ 56,019 $ 64,751 $ 50,810 $ 171,580 Three Months Ended September 30, 2023 Malibu Saltwater Fishing Cobalt Consolidated Revenue by product: Boat and trailer sales $ 99,439 $ 92,252 $ 57,104 $ 248,795 Part and other sales 5,566 370 1,099 7,035 Net Sales $ 105,005 $ 92,622 $ 58,203 $ 255,830 Revenue by geography: North America $ 97,055 $ 91,865 $ 57,456 $ 246,376 International 7,950 757 747 9,454 Net Sales $ 105,005 $ 92,622 $ 58,203 $ 255,830

Non-controlling Interest (Table

Non-controlling Interest (Tables)	3 Months Ended
Non-controlling Interest (Tables)	Sep. 30, 2024
Noncontrolling Interest [Abstract]
Schedule of Non-controlling Interest	The ownership of the LLC is summarized as follows: As of September 30, 2024 As of June 30, 2024 Units Ownership % Units Ownership % Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC 321,419 1.6 % 321,419 1.6 % Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC 19,882,630 98.4 % 20,181,542 98.4 % 20,204,049 100.0 % 20,502,961 100.0 %

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories, net consisted of the following: As of September 30, 2024 As of June 30, 2024 Raw materials $ 100,052 $ 107,245 Work in progress 29,095 20,683 Finished goods 17,725 16,392 Inventory subject to return 1 — 1,253 Total inventories $ 146,872 $ 145,573

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	3 Months Ended
Property, Plant and Equipment, net (Tables)	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment, net consisted of the following: As of September 30, 2024 As of June 30, 2024 Land $ 4,890 $ 4,890 Building and leasehold improvements 171,073 170,958 Machinery and equipment 124,159 118,123 Furniture and fixtures 15,473 15,466 Construction in process 42,386 43,511 357,981 352,948 Less: Accumulated depreciation (112,489) (108,347) Property, plant and equipment, net $ 245,492 $ 244,601

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, net (Tables)	3 Months Ended
Goodwill and Other Intangible Assets, net (Tables)	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the three months ended September 30, 2024 were as follows: Malibu Saltwater Fishing Cobalt Consolidated Goodwill as of June 30, 2024 1 $ 12,099 $ 19,525 $ 19,791 $ 51,415 Effect of foreign currency changes on goodwill 230 — — 230 Balance as of September 30, 2024 $ 12,329 $ 19,525 $ 19,791 $ 51,645 (1) Net of accumulated impairment losses of $49,189 in our Saltwater Fishing segment.
Schedule of Components of Finite-Lived Intangible Assets	The components of other intangible assets were as follows: As of September 30, 2024 As of June 30, 2024 Estimated Useful Life (in years) Weighted-Average Remaining Useful Life Definite-lived intangibles: Dealer relationships $ 131,816 $ 131,735 15 - 20 14.4 Patent 2,600 2,600 15 7.8 Trade name 100 100 15 5.7 Non-compete agreement 48 47 10 0.1 Total 134,564 134,482 Less: Accumulated amortization (39,804) (38,033) Total definite-lived intangible assets, net 94,760 96,449 Indefinite-lived intangible: Trade name 79,000 118,200 Less: Impairment charge — (39,200) Total other intangible assets, net $ 173,760 $ 175,449
Schedule of Components of Indefinite-Lived Intangible Assets	The components of other intangible assets were as follows: As of September 30, 2024 As of June 30, 2024 Estimated Useful Life (in years) Weighted-Average Remaining Useful Life Definite-lived intangibles: Dealer relationships $ 131,816 $ 131,735 15 - 20 14.4 Patent 2,600 2,600 15 7.8 Trade name 100 100 15 5.7 Non-compete agreement 48 47 10 0.1 Total 134,564 134,482 Less: Accumulated amortization (39,804) (38,033) Total definite-lived intangible assets, net 94,760 96,449 Indefinite-lived intangible: Trade name 79,000 118,200 Less: Impairment charge — (39,200) Total other intangible assets, net $ 173,760 $ 175,449
Schedule of Future Amortization of Definite-Lived Intangible Assets	Estimated future amortization expenses as of September 30, 2024 are as follows: Fiscal years ending June 30: Amount Remainder of 2025 $ 5,099 2026 6,808 2027 6,808 2028 6,808 2029 6,808 2030 and thereafter 62,429 $ 94,760

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
Accrued Expenses (Tables)	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following: As of September 30, 2024 As of June 30, 2024 Warranties $ 36,577 $ 37,967 Dealer incentives 12,207 28,911 Accrued compensation 17,350 13,791 Current operating lease liabilities 2,101 2,177 Accrued legal and professional fees 27,879 22,467 Customer deposits 4,691 4,270 Government grant 5,511 5,867 Other accrued expenses 4,576 3,980 Total accrued expenses $ 110,892 $ 119,430

Product Warranties (Tables)

Product Warranties (Tables)	3 Months Ended
Product Warranties (Tables)	Sep. 30, 2024
Product Warranties Disclosures [Abstract]
Schedule of Changes in Product Warranties	Changes in the Company’s product warranty liability, which is included in accrued expenses on the unaudited interim condensed consolidated balance sheets, were as follows: Three Months Ended September 30, 2024 2023 Beginning balance $ 37,967 $ 41,709 Add: Warranty expense 5,763 6,414 Less: Warranty claims paid (7,153) (6,526) Ending balance $ 36,577 $ 41,597

Financing (Tables)

Financing (Tables)	3 Months Ended
Financing (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Outstanding Debt	Outstanding debt consisted of the following: As of September 30, 2024 As of June 30, 2024 Term loan $ — $ — Revolving credit loan 28,000 — Total debt 28,000 — Less current maturities — — Long-term debt less current maturities $ 28,000 $ —

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Sep. 30, 2024
Leases [Abstract]
Schedule of Assets And Liabilities, Lessee	Other information concerning the Company's operating leases accounted for under ASC Topic 842, Leases is as follows: Classification As of September 30, 2024 As of June 30, 2024 Assets Right-of-use assets Other assets $ 6,363 $ 6,883 Liabilities Current operating lease liabilities Accrued expenses $ 2,101 $ 2,177 Long-term operating lease liabilities Other liabilities 5,243 5,763 Total lease liabilities $ 7,344 $ 7,940
Schedule of Lease Cost	Classification Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Operating lease costs (1) Cost of sales $ 567 $ 705 Selling and marketing, and general and administrative 193 240 Sublease income Other income, net (10) (10) Cash paid for amounts included in the measurement of operating lease liabilities Cash flows from operating activities 667 664 (1) Includes short-term leases, which are insignificant, and are not included in the lease liability.
Schedule of Future Minimum Lease Payments for Operating Leases	Future annual minimum lease payments for the following fiscal years as of September 30, 2024 are as follows: Amount Remainder of 2025 $ 1,757 2026 2,274 2027 2,258 2028 1,506 2029 1 2030 and thereafter — Total 7,796 Less: imputed interest (452) Present value of lease liabilities $ 7,344

Tax Receivable Agreement Liab_2

Tax Receivable Agreement Liability (Tables)	3 Months Ended
Tax Receivable Agreement Liability (Tables)	Sep. 30, 2024
Tax Receivable Agreement [Abstract]
Schedule of Changes to Tax Receivable Agreement	The following table reflects the changes to the Company's tax receivable agreement liability: As of September 30, 2024 As of June 30, 2024 Beginning fiscal year balance $ 40,613 $ 43,465 Additions (reductions) to tax receivable agreement: Exchange of LLC Units for Class A Common Stock — 1,320 Adjustment for change in estimated state tax rate or benefits — 36 Payments under tax receivable agreement — (4,208) 40,613 40,613 Less: current portion under tax receivable agreement — — Ending balance $ 40,613 $ 40,613

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following is a summary of the changes in the Company's stock options for the three months ended September 30, 2024: Shares Weighted-Average Exercise Price/Share Total outstanding options as of June 30, 2024 17,973 $ 37.55 Options granted — — Options exercised — — Outstanding options as of September 30, 2024 17,973 $ 37.55 Exercisable as of September 30, 2024 17,973 $ 37.55
Schedule of Summary of the Changes in Non-vested Restricted Stock	The following is a summary of the changes in non-vested restricted stock units and restricted stock awards for the three months ended September 30, 2024: Number of Restricted Stock Units and Restricted Stock Awards Outstanding Weighted-Average Grant Date Fair Value Total Non-vested Restricted Stock Units and Restricted Stock Awards as of June 30, 2024 519,106 $ 50.08 Granted 59,757 35.04 Vested (2,880) 39.31 Forfeited (26,026) 70.07 Total Non-vested Restricted Stock Units and Restricted Stock Awards as of September 30, 2024 549,957 $ 47.56

Net (Loss) Earnings Per Share (

Net (Loss) Earnings Per Share (Tables)	3 Months Ended
Net (Loss) Earnings Per Share (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net (Loss) Income Per Share	Basic and diluted net (loss) income per share of Class A Common Stock has been computed as follows (in thousands, except share and per share amounts): Three Months Ended September 30, 2024 2023 Basic: Net (loss) income attributable to Malibu Boats, Inc. $ (5,048) $ 20,259 Shares used in computing basic net (loss) income per share: Weighted-average Class A Common Stock 19,747,549 20,322,239 Weighted-average participating restricted stock units convertible into Class A Common Stock 278,193 264,248 Basic weighted-average shares outstanding 20,025,742 20,586,487 Basic net (loss) income per share $ (0.25) $ 0.98 Diluted: Net (loss) income attributable to Malibu Boats, Inc. $ (5,048) $ 20,259 Shares used in computing diluted net (loss) income per share: Basic weighted-average shares outstanding 20,025,742 20,586,487 Restricted stock units granted to employees — 65,118 Stock options granted to employees — 5,409 Market performance awards granted to employees — 27,216 Diluted weighted-average shares outstanding 1 20,025,742 20,684,230 Diluted net (loss) income per share $ (0.25) $ 0.98 1 The Company excluded 691,159 and 470,262 potentially dilutive shares from the calculation of diluted net (loss) income per share for the three months ended September 30, 2024 and 2023, respectively.

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present financial information for the Company’s reportable segments for the three months ended September 30, 2024 and 2023, respectively, and the Company’s financial position at September 30, 2024 and June 30, 2024, respectively: Three Months Ended September 30, 2024 Malibu Saltwater Fishing Cobalt Consolidated Net sales $ 56,019 $ 64,751 $ 50,810 $ 171,580 (Loss) income before (benefit) provision for income taxes $ (10,072) $ 1,810 $ 2,265 $ (5,997) Three Months Ended September 30, 2023 Malibu Saltwater Fishing Cobalt Consolidated Net sales $ 105,005 $ 92,622 $ 58,203 $ 255,830 Income before provision for income taxes $ 11,937 $ 8,995 $ 6,816 $ 27,748 As of September 30, 2024 As of June 30, 2024 Assets Malibu $ 131,769 $ 122,707 Saltwater Fishing 356,633 350,063 Cobalt 270,735 266,854 Total assets $ 759,137 $ 739,624

Organization, Basis of Presen_3

Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Details)	3 Months Ended
	Sep. 30, 2024 brand segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of brands \| brand	8
Number of reportable segments \| segment	3

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 171,580	$ 255,830
North America
Disaggregation of Revenue [Line Items]
Net sales	159,242	246,376
International
Disaggregation of Revenue [Line Items]
Net sales	12,338	9,454
Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	164,418	248,795
Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	7,162	7,035
Malibu
Disaggregation of Revenue [Line Items]
Net sales	56,019	105,005
Malibu \| North America
Disaggregation of Revenue [Line Items]
Net sales	50,175	97,055
Malibu \| International
Disaggregation of Revenue [Line Items]
Net sales	5,844	7,950
Malibu \| Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	50,421	99,439
Malibu \| Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	5,598	5,566
Saltwater Fishing
Disaggregation of Revenue [Line Items]
Net sales	64,751	92,622
Saltwater Fishing \| North America
Disaggregation of Revenue [Line Items]
Net sales	60,850	91,865
Saltwater Fishing \| International
Disaggregation of Revenue [Line Items]
Net sales	3,901	757
Saltwater Fishing \| Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	64,437	92,252
Saltwater Fishing \| Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	314	370
Cobalt
Disaggregation of Revenue [Line Items]
Net sales	50,810	58,203
Cobalt \| North America
Disaggregation of Revenue [Line Items]
Net sales	48,217	57,456
Cobalt \| International
Disaggregation of Revenue [Line Items]
Net sales	2,593	747
Cobalt \| Boat and trailer sales
Disaggregation of Revenue [Line Items]
Net sales	49,560	57,104
Cobalt \| Part and other sales
Disaggregation of Revenue [Line Items]
Net sales	$ 1,250	$ 1,099

Non-controlling Interest - Sche

Non-controlling Interest - Schedule of Non-controlling Interest (Details) - Malibu Boats Holdings LLC - shares	Sep. 30, 2024	Jun. 30, 2024
Class of Stock [Line Items]
Units (in shares)	20,204,049	20,502,961
Ownership (as a percent)	100%	100%
Non-controlling LLC Unit holders ownership in Malibu Boats Holdings, LLC
Class of Stock [Line Items]
Units (in shares)	321,419	321,419
Ownership (as a percent)	1.60%	1.60%
Malibu Boats, Inc. ownership in Malibu Boats Holdings, LLC
Class of Stock [Line Items]
Units (in shares)	19,882,630	20,181,542
Ownership (as a percent)	98.40%	98.40%

Non-controlling Interest - Narr

Non-controlling Interest - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Noncontrolling Interest [Line Items]
Cancelled shares due to vesting of employee awards (in shares)	463
Cancelled shares in connection with the vesting of stock awards with a market condition (in shares)	21,514
Treasury stock, shares, retired (in shares)	21,514
Non-controlling Interest in LLC
Noncontrolling Interest [Line Items]
Tax distributions payable to non-controlling LLC Unit holders	$ 0		$ 0
Distribution paid to noncontrolling interests	$ 0	$ 776
Repurchase Agreements
Noncontrolling Interest [Line Items]
Stock redeemed and canceled during period (in shares)	278,485
Class A Common Stock
Noncontrolling Interest [Line Items]
Shares issued during period (in shares)	1,550

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Inventory Disclosure [Abstract]
Raw materials	$ 100,052	$ 107,245
Work in progress	29,095	20,683
Finished goods	17,725	16,392
Inventory subject to return	0	1,253
Total inventories	$ 146,872	$ 145,573

Property, Plant and Equipment_3

Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 357,981		$ 352,948
Less: Accumulated depreciation	(112,489)		(108,347)
Property, plant and equipment, net	245,492		244,601
Depreciation expense	7,374	$ 6,324
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,890		4,890
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	171,073		170,958
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	124,159		118,123
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15,473		15,466
Construction in process
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 42,386		$ 43,511

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, net - Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Goodwill [Roll Forward]
Goodwill at beginning period	$ 51,415
Effect of foreign currency changes on goodwill	230
Goodwill at end of period	51,645
Malibu
Goodwill [Roll Forward]
Goodwill at beginning period	12,099
Effect of foreign currency changes on goodwill	230
Goodwill at end of period	12,329
Saltwater Fishing
Goodwill [Line Items]
Accumulated impairment		$ 49,189
Goodwill [Roll Forward]
Goodwill at beginning period	19,525
Effect of foreign currency changes on goodwill	0
Goodwill at end of period	19,525
Cobalt
Goodwill [Roll Forward]
Goodwill at beginning period	19,791
Effect of foreign currency changes on goodwill	0
Goodwill at end of period	$ 19,791

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, net - Schedule of Components of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 134,564	$ 134,482
Less: Accumulated amortization	(39,804)	(38,033)
Total definite-lived intangible assets, net	94,760	96,449
Indefinite-lived intangible:
Total other intangible assets, net	173,760	175,449
Trade name
Indefinite-lived intangible:
Trade name	79,000	118,200
Less: Impairment charge	0	(39,200)
Dealer relationships
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 131,816	131,735
Dealer relationships \| Minimum
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	15 years
Dealer relationships \| Maximum
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	20 years
Dealer relationships \| Weighted Average
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life (in years)	14 years 4 months 24 days
Patent
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 2,600	2,600
Estimated Useful Life (in years)	15 years
Patent \| Weighted Average
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life (in years)	7 years 9 months 18 days
Trade name
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 100	100
Estimated Useful Life (in years)	15 years
Trade name \| Weighted Average
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life (in years)	5 years 8 months 12 days
Non-compete agreement
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 48	$ 47
Estimated Useful Life (in years)	10 years
Non-compete agreement \| Weighted Average
Schedule of Finite Lived Intangible Assets and Infinite Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life (in years)	1 month 6 days

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1,716	$ 1,715

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets, net - Estimated Future Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2025	$ 5,099
2026	6,808
2027	6,808
2028	6,808
2029	6,808
2030 and thereafter	62,429
Total definite-lived intangible assets, net	$ 94,760	$ 96,449

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Payables and Accruals [Abstract]
Warranties	$ 36,577	$ 37,967
Dealer incentives	12,207	28,911
Accrued compensation	17,350	13,791
Current operating lease liabilities	2,101	2,177
Accrued legal and professional fees	27,879	22,467
Customer deposits	4,691	4,270
Government grant	5,511	5,867
Other accrued expenses	4,576	3,980
Total accrued expenses	$ 110,892	$ 119,430

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Details) - USD ($) $ in Thousands	15 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Loss Contingencies [Line Items]
Accrued legal and professional fees	$ 27,879	$ 22,467
Government grant	5,511	$ 5,867
Batchelder et al. v. Malibu Boats, LLC
Loss Contingencies [Line Items]
Proceeds from insurance coverage	21,000
Accrued legal and professional fees	$ 3,500

Product Warranties - Narrative

Product Warranties - Narrative (Details)	3 Months Ended	12 Months Ended
Product Warranties - Narrative (Details)	Sep. 30, 2024	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Malibu and Axis Brand Boats \| Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	1 year
Malibu and Axis Brand Boats \| Engines
Product Warranty Liability [Line Items]
Standard product warranty, term, hours	500 hours
Cobalt \| Structural Warranty
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Cobalt \| Bow-to-stern
Product Warranty Liability [Line Items]
Standard product warranty, period		5 years	3 years
Saltwater Fishing \| Bow-to-stern
Product Warranty Liability [Line Items]
Standard product warranty, period	2 years
Maverick, Pathfinder, and Hewes Brand Boats \| Bow-to-stern
Product Warranty Liability [Line Items]
Standard product warranty, period	1 year
Cobia \| Bow-to-stern
Product Warranty Liability [Line Items]
Standard product warranty, period	3 years
Malibu Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period				5 years	3 years
Axis Boats
Product Warranty Liability [Line Items]
Standard product warranty, period				5 years	2 years
Maximum \| Malibu and Axis Brand Boats
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Maximum \| Malibu and Axis Brand Boats \| Engines
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Maximum \| Cobalt \| Structural Warranty
Product Warranty Liability [Line Items]
Standard product warranty, period	10 years
Maximum \| Cobalt \| Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	3 years
Maximum \| Saltwater Fishing \| Structural Warranty And Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Maximum \| Maverick, Pathfinder, and Hewes Brand Boats \| Structural Warranty And Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	5 years
Maximum \| Cobia \| Structural Warranty And Gelcoat
Product Warranty Liability [Line Items]
Standard product warranty, period	10 years

Product Warranties - Schedule o

Product Warranties - Schedule of Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 37,967	$ 41,709
Add: Warranty expense	5,763	6,414
Less: Warranty claims paid	(7,153)	(6,526)
Ending balance	$ 36,577	$ 41,597

Financing - Schedule of Debt (D

Financing - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Line of Credit Facility [Line Items]
Total debt	$ 28,000	$ 0
Less current maturities	0	0
Long-term debt less current maturities	28,000	0
Credit Agreement \| Long-Term Debt
Line of Credit Facility [Line Items]
Total debt	0	0
Credit Agreement \| Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Total debt	$ 28,000	$ 0

Financing - Narrative (Details)

Financing - Narrative (Details) - USD ($)	3 Months Ended
Financing - Narrative (Details) - USD ($)	Sep. 30, 2024	Jul. 08, 2022
Credit Agreement
Line of Credit Facility [Line Items]
Letters of credit outstanding	$ 1,728,000
Effective interest rate (as a percent)	8.25%
Maximum amount, purchase of stock or stock options (up to)	$ 5,000,000
Consolidated leverage ratio	2.75
Incremental Term Loans
Line of Credit Facility [Line Items]
Outstanding principal		$ 200,000,000
Revolving Credit Facility \| Credit Agreement
Line of Credit Facility [Line Items]
Remaining borrowing capacity	$ 320,272,000
Revolving Credit Facility \| Credit Agreement \| Minimum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee percentage (as a percent)	0.15%
Revolving Credit Facility \| Credit Agreement \| Maximum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee percentage (as a percent)	0.30%
Revolving Credit Facility \| Credit Agreement \| Federal Funds
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.50%
Revolving Credit Facility \| Credit Agreement \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1%
Revolving Credit Facility \| Credit Agreement \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.25%
Revolving Credit Facility \| Credit Agreement \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1%
Revolving Credit Facility \| Credit Agreement \| SOFR \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.25%
Revolving Credit Facility \| Credit Agreement \| SOFR \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	2%
Line of Credit \| Revolving Credit Facility \| Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 350,000,000
Incremental term loans, amount	$ 28,000,000

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities, Lessee (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Assets
Right-of-use assets	$ 6,363	$ 6,883
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Liabilities
Current operating lease liabilities	$ 2,101	$ 2,177
Long-term operating lease liabilities	5,243	5,763
Total lease liabilities	$ 7,344	$ 7,940
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses	Accrued expenses
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Leased Assets [Line Items]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 667	$ 664
Cost of sales
Operating Leased Assets [Line Items]
Operating lease costs	567	705
Selling and marketing, and general and administrative
Operating Leased Assets [Line Items]
Operating lease costs	193	240
Other income, net
Operating Leased Assets [Line Items]
Sublease income	$ (10)	$ (10)

Leases - Narrative (Details)

Leases - Narrative (Details)	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Weighted average remaining lease term (in years)	3 years 4 months 20 days	4 years 4 months 2 days
Weighted average discount rate (as a percent)	3.67%	3.69%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Amount
Remainder of 2025	$ 1,757
2026	2,274
2027	2,258
2028	1,506
2029	1
2030 and thereafter	0
Total	7,796
Less: imputed interest	(452)
Present value of lease liabilities	$ 7,344	$ 7,940

Tax Receivable Agreement Liab_3

Tax Receivable Agreement Liability - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Tax Receivable Agreement [Abstract]
Tax receivable agreement, percentage of realized cash saving in tax to be pass through (as a percent)	85%
Investment in subsidiaries	$ 120,015	$ 120,015

Tax Receivable Agreement Liab_4

Tax Receivable Agreement Liability - Schedule of Tax Agreement Liability (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Tax Receivable Agreement [Roll Forward]
Beginning fiscal year balance	$ 40,613	$ 43,465
Additions (reductions) to tax receivable agreement:
Exchange of LLC Units for Class A Common Stock	0	1,320
Adjustment for change in estimated state tax rate or benefits	0	36
Payments under tax receivable agreement	0	(4,208)
Ending fiscal year balance	40,613	40,613
Less: current portion under tax receivable agreement	0	0
Ending balance	$ 40,613	$ 40,613

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Valuation allowance	$ 17,349		$ 17,355
Foreign tax credits	$ 580		$ 580
Effective tax rate (as a percent)	14.20%	25.10%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Thousands		3 Months Ended
	Aug. 05, 2024 USD ($) award $ / shares shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Jan. 01, 2014 shares
Restricted Stock Units (RSUs) \| Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested (in shares)		1,330
Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance in the plan (in shares)				1,700,000
Number of shares available for grant (in shares)		11,069
Stock compensation expense \| $		$ 1,900	$ 1,460
Long-Term Incentive Plan \| Service Based Stock Award \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted \| award	2
Grants in period \| $	$ 2,047
Share price (in dollars per share) \| $ / shares	$ 35.04
Long-Term Incentive Plan \| Service Based Stock Award \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	44,064
Restricted stock vesting period (in years)	3 years
Long-Term Incentive Plan \| Service Based Stock Award \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	14,363
Restricted stock vesting period (in years)	1 year

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options (Details)	3 Months Ended
Stock-Based Compensation - Stock Options (Details)	Sep. 30, 2024 $ / shares shares
Shares
Outstanding options at beginning of period (in shares) \| shares	17,973
Options granted (in shares) \| shares	0
Options exercised (in shares) \| shares	0
Outstanding options at end of period (in shares) \| shares	17,973
Exercisable at end of period (in shares) \| shares	17,973
Weighted-Average Exercise Price/Share
Outstanding options at beginning of period (in dollars per share) \| $ / shares	$ 37.55
Options granted (in dollars per share) \| $ / shares	0
Options exercised (in dollars per share) \| $ / shares	0
Outstanding options at end of period (in dollars per share) \| $ / shares	37.55
Exercisable at end of period (in dollars per share) \| $ / shares	$ 37.55

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Changes in Non-vested Restricted Shares (Details) - Restricted Stock Units and Restricted Stock Awards	3 Months Ended
	Sep. 30, 2024 $ / shares shares
Number of Restricted Stock Units and Restricted Stock Awards Outstanding
Total Non-vested Restricted Stock Units and Restricted Stock Awards at beginning of period (in shares) \| shares	519,106
Granted (in shares) \| shares	59,757
Vested (in shares) \| shares	(2,880)
Forfeited (in shares) \| shares	(26,026)
Total Non-vested Restricted Stock Units and Restricted Stock Awards at end of period (in shares) \| shares	549,957
Weighted-Average Grant Date Fair Value
Total Non-vested Restricted Stock Units and Restricted Stock Awards at beginning of period (in dollars per share) \| $ / shares	$ 50.08
Granted (in dollars per share) \| $ / shares	35.04
Vested (in dollars per share) \| $ / shares	39.31
Forfeited (in dollars per share) \| $ / shares	70.07
Total Non-vested Restricted Stock Units and Restricted Stock Awards at end of period (in dollars per share) \| $ / shares	$ 47.56

Net (Loss) Earnings Per Share_2

Net (Loss) Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Basic:
Net (loss) income attributable to Malibu Boats, Inc.	$ (5,048)	$ 20,259
Shares used in computing basic net (loss) income per share:
Basic weighted-average shares outstanding (in shares)	20,025,742	20,586,487
Basic net (loss) income per share (in dollars per share)	$ (0.25)	$ 0.98
Diluted:
Net (loss) income attributable to Malibu Boats, Inc.	$ (5,048)	$ 20,259
Shares used in computing diluted net (loss) income per share:
Basic weighted-average shares outstanding (in shares)	20,025,742	20,586,487
Diluted weighted-average shares outstanding (in shares)	20,025,742	20,684,230
Diluted net (loss) income per share (in dollars per share)	$ (0.25)	$ 0.98
Antidilutive securities (in shares)	691,159	470,262
Restricted Stock Units (RSUs)
Shares used in computing basic net (loss) income per share:
Weighted average number of shares issued, basic (in shares)	278,193	264,248
Shares used in computing diluted net (loss) income per share:
Awards granted to employees (in shares)	0	65,118
Stock Options
Shares used in computing diluted net (loss) income per share:
Awards granted to employees (in shares)	0	5,409
Performance Awards
Shares used in computing diluted net (loss) income per share:
Awards granted to employees (in shares)	0	27,216
Class A Common Stock
Shares used in computing basic net (loss) income per share:
Weighted average number of shares issued, basic (in shares)	19,747,549	20,322,239

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands				3 Months Ended		15 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Oct. 07, 2024 USD ($)	Apr. 10, 2024 dealership unit	Jun. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) unit	Sep. 30, 2023 unit	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Loss Contingencies [Line Items]
Floor financing, repurchase obligations				$ 317,397		$ 317,397	$ 367,950
Number of repurchase units (in units) \| unit		19		19	0
Repurchase units, amount				$ 2,500
Financing receivables				0		0	$ 0
Tommy’s Boats
Loss Contingencies [Line Items]
Number of dealerships that filed a complaint \| dealership		15
Tommy’s Boats \| Subsequent Event
Loss Contingencies [Line Items]
Litigation settlement, amount	$ 3,500
Batchelder et al. v. Malibu Boats, LLC
Loss Contingencies [Line Items]
Litigation settlement, amount			$ 100,000	$ 100,000
Insurance coverage			$ 26,000
Proceeds from insurance coverage						$ 21,000

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	3 Months Ended
Segment Reporting - Narrative (Details)	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Segment Reporting Information [Line Items]
Net sales	$ 171,580	$ 255,830
(Loss) income before (benefit) provision for income taxes	(5,997)	27,748
Total assets	759,137		$ 739,624
Malibu
Segment Reporting Information [Line Items]
Net sales	56,019	105,005
(Loss) income before (benefit) provision for income taxes	(10,072)	11,937
Total assets	131,769		122,707
Saltwater Fishing
Segment Reporting Information [Line Items]
Net sales	64,751	92,622
(Loss) income before (benefit) provision for income taxes	1,810	8,995
Total assets	356,633		350,063
Cobalt
Segment Reporting Information [Line Items]
Net sales	50,810	58,203
(Loss) income before (benefit) provision for income taxes	2,265	$ 6,816
Total assets	$ 270,735		$ 266,854

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ in Millions	Oct. 23, 2024 USD ($) shares
Subsequent Event [Line Items]
Share repurchase program, authorized amount \| $	$ 50
2024 Performance Incentive Plan
Subsequent Event [Line Items]
Shares reserved for issuance in the plan (in shares) \| shares	1,020,000