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REVENUE RECOGNITION
3 Months Ended
Sep. 29, 2019
Revenue From Contract With Customer [Abstract]  
REVENUE RECOGNITION

2.

REVENUE RECOGNITION

The following tables present the Company’s revenue from contracts with customers by major product category and reportable segment.

 

 

 

Three Months Ended September 29, 2019

 

 

 

MasterCraft

 

 

NauticStar

 

 

Crest

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

69,286

 

 

$

17,834

 

 

$

18,624

 

 

$

105,744

 

Parts

 

 

3,432

 

 

 

160

 

 

 

181

 

 

 

3,773

 

Other revenue

 

 

195

 

 

 

1

 

 

 

76

 

 

 

272

 

Total

 

$

72,913

 

 

$

17,995

 

 

$

18,881

 

 

$

109,789

 

 

 

 

Three Months Ended September 30, 2018

 

 

 

MasterCraft

 

 

NauticStar

 

 

Crest(a)

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

72,376

 

 

$

17,123

 

 

$

-

 

 

$

89,499

 

Parts

 

 

3,581

 

 

 

280

 

 

 

-

 

 

 

3,861

 

Other revenue

 

 

277

 

 

 

4

 

 

 

-

 

 

 

281

 

Total

 

$

76,234

 

 

$

17,407

 

 

$

-

 

 

$

93,641

 

 

 

(a)

Crest was acquired on October 1, 2018.

 

Contract Liabilities

 

As of June 30, 2019, the Company had $0.8 million of contract liabilities associated with customer deposits. During the three months ended September 29, 2019, $0.7 million of this amount was recognized as revenue. As of September 29, 2019, total contract liabilities were $1.1 million and were reported in Accrued expenses and other current liabilities on the condensed consolidated balance sheet and are expected to be recognized as revenue during the remainder of the year ended June 30, 2020.