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Product Warranties | 6 Months Ended
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Dec. 31, 2014
Product Warranties Disclosures [Abstract] |
Product Warranties | Product Warranties The Company provides a limited warranty for a period of up to three years for its Malibu brand boats and 2 years for its Axis products. The Company’s standard warranties require the Company or its dealers to repair or replace defective products during such warranty period at no cost to the consumer. The Company estimates the costs that may be incurred under its basic limited warranty and records as a liability in the amount of such costs at the time the product revenue is recognized. Factors that affect the Company’s warranty liability include the number of units sold, historical and anticipated rates of warranty claims and cost per claim. The Company assesses the adequacy of its recorded warranty liabilities by brand on a quarterly basis and adjusts the amounts as necessary. The Company utilizes historical trends and analytical tools to assist in determining the appropriate warranty liability. Changes in the Company’s product warranty liability were as follows:
| As of December 31, 2014 |  | As of June 30, 2014
Beginning balance | $ | 6,164 |  |  | $ | 5,658 |
Add: Additions to warranty provision | 1,486 |  |  | 2,907 |
Additions for Australian acquisition | 308 |  |  | — |
Less: Warranty claims paid | (1,333 | ) |  | (2,401 | )
Ending balance | $ | 6,625 |  |  | $ | 6,164 |

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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 + Details
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