MARINEMAX INC Earnings Per Share Disclosure
18. NET INCOME PER SHARE:
The following table presents shares used in the calculation of basic and diluted net income per share for the fiscal years ended September 30,
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2025 |
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2024 |
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2023 |
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Weighted average common shares outstanding used in |
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22,052,177 |
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22,271,580 |
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21,852,425 |
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Effect of dilutive options and non-vested restricted |
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— |
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742,628 |
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576,956 |
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Weighted average common and common equivalent |
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22,052,177 |
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23,014,208 |
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22,429,381 |
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For the fiscal years ended September 30, 2025, 2024, and 2023, there were 1.2 million, 0.01 million and 0.01 million weighted average shares of options outstanding and non-vested restricted stock outstanding, respectively, that were not included in the computation of diluted net income per share because the options’ exercise prices or non-vested restricted stock prices were greater than the average market price of our common stock, and therefore, their effect would be anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 17, 2025 | Showing above |
| 2024 | Nov 14, 2024 | |
| 2023 | Nov 17, 2023 | |
| 2022 | Nov 18, 2022 | |
| 2021 | Nov 19, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.