Goodwill and Other Intangible Assets, net

12 Months Ended

Jun. 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 fiscal years ended June 30, 2024 and 2023 were as follows:

	Malibu		Saltwater Fishing		Cobalt		Consolidated
Goodwill as of June 30, 2022	$	12,299	$	68,714	$	19,791	$	100,804
Effect of foreign currency changes on goodwill	(227)		—		—		(227)
Goodwill as of June 30, 2023	12,072		68,714		19,791		100,577
Impairment related to Maverick Boat Group	—		(49,189)		—		$	(49,189)
Effect of foreign currency changes on goodwill	27		—		—		27
Goodwill as of June 30, 2024	$	12,099	$	19,525	$	19,791	$	51,415

The components of other intangible assets were as follows:

	As of June 30,				Estimated Useful Life (in years)	Weighted Average Remaining Useful Life (in years)
	2024		2023
Definite-lived intangibles:
Dealer relationships	$	131,735	$	131,725	15-20	14.6
Patent	2,600		2,600		15	8.0
Trade name	100		100		15	6.0
Non-compete agreement	47		46		10	0.3
Total	134,482		134,471
Less: Accumulated amortization	(38,033)		(31,213)
Total definite-lived intangible assets, net	96,449		103,258
Indefinite-lived intangible:
Trade names	118,200		118,200
Less: Impairment charge	(39,200)		—
Total other intangible assets	$	175,449	$	221,458

During the three months ended March 31, 2024, the Company determined certain indicators of potential impairment existed, warranting an interim impairment assessment of goodwill as of March 31, 2024. The Company performed a goodwill impairment analysis as of March 31, 2024 consistent with the Company’s approach for annual impairment testing, including similar models and inputs. Based on such analysis, the Company determined that its estimated fair value for the Maverick Boat Group reporting unit was less than its carrying value as of March 31, 2024, and the Company recognized an impairment charge of $49,189 for the three months ended March 31, 2024.

Additionally, during the Company's interim impairment evaluation of indefinite-lived intangibles, the Company recorded an impairment charge on trade names of $39,200 related to the Maverick Boat Group reporting unit. This charge was included in Goodwill and other intangible asset impairment on the consolidated statements of operations and comprehensive (loss) income. No other intangible asset impairment loss was recorded.

For more information, refer to Note 1 of our consolidated financial statements included elsewhere in this report.

Amortization expense recognized on all amortizable intangibles was $6,811, $6,808 and $6,957 for the fiscal years ended June 30, 2024, 2023 and 2022, respectively.

Estimated future amortization expenses as of June 30, 2024 are as follows:

Fiscal Year	As of June 30, 2024
2025	$	6,803
2026	6,803
2027	6,803
2028	6,803
2029	6,802
2030 and thereafter	62,435
	$	96,449