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Goodwill and Other Intangible Assets | 12 Months Ended
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Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill for the fiscal year ended June 30, 2015 were as follows:
Goodwill as of June 30, 2014 | $ | 5,718 |
Addition related to acquisition of Malibu Boats Pty. Ltd. | 7,959 |
Effect of foreign currency changes on goodwill | (1,012 | )
Goodwill as of June 30, 2015 | $ | 12,665 |
The components of other intangible assets were as follows:
| June 30, 2015 |  | June 30, 2014 |  | Estimated Useful Life (in years) |  | Weighted Average Remaining Useful Life (in years)
Definite-lived intangibles: |  |  |  |  |  |  |
Reacquired franchise rights | $ | 1,378 |  |  | $ | — |  |  | 5 |  | 4.6
Dealer relationships | 29,842 |  |  | 27,392 |  |  | 8-15 |  | 14.3
Patent | 1,386 |  |  | 1,386 |  |  | 12 |  | 3.1
Trade name | 24,667 |  |  | 24,567 |  |  | 15 |  | 6.2
Non-compete agreement | 54 |  |  | — |  |  | 10 |  | 9.6
Backlog | 96 |  |  | — |  |  | 0.3 |  | 0.0
Total | 57,423 |  |  | 53,345 |  |  |  |  |
Less: Accumulated amortization | (43,428 | ) |  | (40,987 | ) |  |  |  |
Total other intangible assets, net | $ | 13,995 |  |  | $ | 12,358 |  |  |  |  |
As a part of the acquisition of Malibu Boats Pty. Ltd., the Company acquired certain identifiable intangible assets including reacquired franchise rights, dealer relationships, a non-compete agreement, and backlog. At the acquisition date of October 23, 2014, the fair value of these intangibles assets were $4,558. Refer to Note 4 for more information on the acquisition of Malibu Boats Pty. Ltd. On June 19, 2015, the Company acquired the Canadian trademark for Malibu Boats from a third party seller for a purchase price of $100. The estimated fair value of trademark is being amortized on a straightline basis over an estimated useful life of 15 years. Amortization expense recognized on all amortizable intangibles was $2,463, $5,177 and $5,178 for the fiscal years ended June 30, 2015, 2014 and 2013, respectively. Estimated future amortization expenses as of June 30, 2015 are as follows:
Fiscal Year |  | As of June 30, 2015
2016 |  | $ | 2,204 |
2017 |  | 2,204 |
2018 |  | 2,204 |
2019 |  | 2,098 |
2020 |  | 1,899 |
Thereafter |  | 3,386 |
|  | $ | 13,995 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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