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Goodwill and Other Intangible Assets | 9 Months Ended
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Mar. 31, 2021
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 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 |
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 |  |  |  |  |
Amortization expense recognized on all amortizable intangibles was $2,094 and $1,501 for the three months ended March 31, 2021 and 2020, respectively, and $5,142 and $4,622 for the nine months ended March 31, 2021 and 2020, respectively. 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 |

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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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