XML 54 R35.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Goodwill and Other Intangible Assets, net (Tables)
12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill for the fiscal years ended June 30, 2024 and 2023 were as follows:
MalibuSaltwater FishingCobaltConsolidated
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 
Schedule of Finite-Lived Intangible Assets
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)
 20242023
Definite-lived intangibles:
Dealer relationships$131,735 $131,725 
15-20
14.6
Patent2,600 2,600 
15
8.0
Trade name100 100 156.0
Non-compete agreement47 46 100.3
Total134,482 134,471 
Less: Accumulated amortization(38,033)(31,213)
Total definite-lived intangible assets, net96,449 103,258 
Indefinite-lived intangible:
Trade names118,200 118,200 
Less: Impairment charge(39,200)— 
Total other intangible assets$175,449 $221,458 
Schedule of Indefinite-Lived Intangible Assets
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)
 20242023
Definite-lived intangibles:
Dealer relationships$131,735 $131,725 
15-20
14.6
Patent2,600 2,600 
15
8.0
Trade name100 100 156.0
Non-compete agreement47 46 100.3
Total134,482 134,471 
Less: Accumulated amortization(38,033)(31,213)
Total definite-lived intangible assets, net96,449 103,258 
Indefinite-lived intangible:
Trade names118,200 118,200 
Less: Impairment charge(39,200)— 
Total other intangible assets$175,449 $221,458 
Schedule of Future Amortization Expenses
Estimated future amortization expenses as of June 30, 2024 are as follows:
Fiscal YearAs of June 30, 2024
2025$6,803 
20266,803 
20276,803 
20286,803 
20296,802 
2030 and thereafter62,435 
$96,449