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Goodwill and Other Intangible Assets | 12 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets, net The changes in the carrying amount of goodwill for the fiscal years ended June 30, 2022 and 2021 were as follows:
| Malibu |  | Saltwater Fishing |  | Cobalt |  | Consolidated
Goodwill as of June 30, 2020 | $ | 11,957 |  |  | $ | 19,525 |  |  | $ | 19,791 |  |  | $ | 51,273 |
Addition related to the acquisition of Maverick Boat Group | — |  |  | 49,189 |  |  | — |  |  | 49,189 |
Effect of foreign currency changes on goodwill | 571 |  |  | — |  |  | — |  |  | 571 |
Goodwill as of June 30, 2021 | 12,528 |  |  | 68,714 |  |  | 19,791 |  |  | 101,033 |
Addition related to the acquisition of Malibu Electronics | 329 |  |  | — |  |  | — |  |  | 329 |
Effect of foreign currency changes on goodwill | (558) |  |  | — |  |  | — |  |  | (558) |
Goodwill as of June 30, 2022 | $ | 12,299 |  |  | $ | 68,714 |  |  | $ | 19,791 |  |  | $ | 100,804 |
The components of other intangible assets were as follows:
| As of June 30, |  | Estimated Useful Life (in years) |  | Weighted Average Remaining Useful Life (in years)
| 2022 |  | 2021 |  |
Dealer relationships | $ | 131,806 |  |  | $ | 159,394 |  |  | 8-20 |  | 16.6
Patent | 2,600 |  |  | 3,986 |  |  | 12-15 |  | 10.0
Trade name | 100 |  |  | 24,667 |  |  | 15 |  | 8.0
Non-compete agreement | 48 |  |  | 53 |  |  | 10 |  | 2.3
Total | 134,554 |  |  | 188,100 |  |  |  |  |
Less: Accumulated amortization | (24,450) |  |  | (70,937) |  |  |  |  |
Total definite-lived intangible assets, net | 110,104 |  |  | 117,163 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade names | 118,200 |  |  | 118,200 |  |  |  |  |
Total other intangible assets | $ | 228,304 |  |  | $ | 235,363 |  |  |  |  |
Amortization expense recognized on all amortizable intangibles was $6,957, $7,255 and $6,131 for the fiscal years ended June 30, 2022, 2021 and 2020, respectively. Estimated future amortization expenses as of June 30, 2022 are as follows:
Fiscal Year |  | As of June 30, 2022
2023 |  | $ | 6,812 |
2024 |  | 6,812 |
2025 |  | 6,809 |
2026 |  | 6,807 |
2027 |  | 6,807 |
2028 and thereafter |  | 76,057 |
|  | $ | 110,104 |

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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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