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Goodwill and Other Intangible Assets | 6 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the six months ended December 31, 2020 were as follows:
Goodwill as of June 30, 2020 | $ | 51,273 |
Addition related to the acquisition of Maverick Boat Group | 49,189 |
Effect of foreign currency changes on goodwill | 753 |
Goodwill as of December 31, 2020 | $ | 101,215 |
The components of other intangible assets were as follows:
| As of December 31, 2020 |  | As of June 30, 2020 |  | Estimated Useful Life (in years) |  | Weighted Average Remaining Useful Life (in years)
Definite-lived intangibles: |  |  |  |  |  |  |
Dealer relationships | $ | 159,459 |  |  | $ | 111,293 |  |  | 8-20 |  | 18.1
Patent | 3,986 |  |  | 3,986 |  |  | 12-15 |  | 11.5
Trade name | 24,667 |  |  | 24,667 |  |  | 15 |  | 1.1
Non-compete agreement | 54 |  |  | 48 |  |  | 10 |  | 3.8
Total | 188,166 |  |  | 139,994 |  |  |  |  |
Less: Accumulated amortization | (66,760) |  |  | (63,602) |  |  |  |  |
Total definite-lived intangible assets, net | 121,406 |  |  | 76,392 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade name | 118,200 |  |  | 63,500 |  |  |  |  |
Total other intangible assets, net | $ | 239,606 |  |  | $ | 139,892 |  |  |  |  |
Amortization expense recognized on all amortizable intangibles was $1,524 and $1,537 for the three months ended December 31, 2020 and 2019, respectively, and $3,048 and $3,121 for the six months ended December 31, 2020 and 2019, respectively. The estimated future amortization of definite-lived intangible assets is as follows:
Fiscal years ending June 30: | Amount
| Remainder of 2021 | $ | 4,206 |
| 2022 | 6,967 |
| 2023 | 6,830 |
| 2024 | 6,830 |
| 2025 | 6,826 |
| 2026 and thereafter | 89,747 |
|  | $ | 121,406 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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