XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.22.1

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Mar. 31, 2022
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, 2022 were as follows:
| Malibu |  | Saltwater Fishing |  | Cobalt |  | Consolidated
Goodwill as of June 30, 2021 | $ | 12,528 |  |  | $ | 68,714 |  |  | $ | 19,791 |  |  | $ | 101,033 |
Addition related to the acquisition | 329 |  |  | — |  |  | — |  |  | 329 |
Effect of foreign currency changes on goodwill | (15) |  |  | — |  |  | — |  |  | (15) |
Goodwill as of March 31, 2022 | $ | 12,842 |  |  | $ | 68,714 |  |  | $ | 19,791 |  |  | $ | 101,347 |
The components of other intangible assets were as follows:
| As of March 31, 2022 |  | As of June 30, 2021 |  | Estimated Useful Life (in years) |  | Weighted-Average Remaining Useful Life (in years)
Definite-lived intangibles: |  |  |  |  |  |  |
Dealer relationships | $ | 131,997 |  |  | $ | 159,394 |  |  | 15-20 |  | 16.8
Patent | 2,600 |  |  | 3,986 |  |  | 15 |  | 10.3
Trade name | 100 |  |  | 24,667 |  |  | 15 |  | 8.2
Non-compete agreement | 52 |  |  | 53 |  |  | 10 |  | 2.6
Total | 134,749 |  |  | 188,100 |  |  |  |  |
Less: Accumulated amortization | (22,849) |  |  | (70,937) |  |  |  |  |
Total definite-lived intangible assets, net | 111,900 |  |  | 117,163 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade name | 118,200 |  |  | 118,200 |  |  |  |  |
Total other intangible assets, net | $ | 230,100 |  |  | $ | 235,363 |  |  |  |  |
Amortization expense recognized on all amortizable intangibles was $1,682 and $2,094 for the three months ended March 31, 2022 and 2021, respectively, and $5,257 and $5,142 for the nine months ended March 31, 2022 and 2021, respectively. The estimated future amortization of definite-lived intangible assets is as follows:
Fiscal years ending June 30: |  | Amount
Remainder of 2022 |  | $ | 1,702 |
2023 |  | 6,825 |
2024 |  | 6,825 |
2025 |  | 6,821 |
2026 |  | 6,820 |
2027 and thereafter |  | 82,907 |
|  | $ | 111,900 |

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 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration