XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.21.1

Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the carrying amount of goodwill for the nine months ended March 31, 2021 were as follows:
| Malibu |  | Cobalt |  | Saltwater Fishing |  | Consolidated
Goodwill as of June 30, 2020 | $ | 11,957 |  |  | $ | 19,791 |  |  | $ | 19,525 |  |  | $ | 51,273 |
Addition related to the acquisition | — |  |  | — |  |  | 49,189 |  |  | 49,189 |
Effect of foreign currency changes on goodwill | 664 |  |  | — |  |  | — |  |  | 664 |
Goodwill as of March 31, 2021 | $ | 12,621 |  |  | $ | 19,791 |  |  | $ | 68,714 |  |  | $ | 101,126 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | The components of other intangible assets were as follows:
| As of March 31, 2021 |  | As of June 30, 2020 |  | Estimated Useful Life (in years) |  | Weighted Average Remaining Useful Life (in years)
Definite-lived intangibles: |  |  |  |  |  |  |
Dealer relationships | $ | 159,426 |  |  | $ | 111,293 |  |  | 8-20 |  | 17.8
Patent | 3,986 |  |  | 3,986 |  |  | 12-15 |  | 11.3
Trade name | 24,667 |  |  | 24,667 |  |  | 15 |  | 1.2
Non-compete agreement | 54 |  |  | 48 |  |  | 10 |  | 3.6
Total | 188,133 |  |  | 139,994 |  |  |  |  |
Less: Accumulated amortization | (68,840) |  |  | (63,602) |  |  |  |  |
Total definite-lived intangible assets, net | 119,293 |  |  | 76,392 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade name | 118,200 |  |  | 63,500 |  |  |  |  |
Total other intangible assets, net | $ | 237,493 |  |  | $ | 139,892 |  |  |  |  |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The estimated future amortization of definite-lived intangible assets is as follows:
Fiscal years ending June 30: | Amount
| Remainder of 2021 | $ | 2,112 |
| 2022 | 6,964 |
| 2023 | 6,828 |
| 2024 | 6,828 |
| 2025 | 6,824 |
| 2026 and thereafter | 89,737 |
|  | $ | 119,293 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration