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Goodwill and Other Intangible Assets, net | 12 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, net | Goodwill and Other Intangible Assets, net The changes in the carrying amount of goodwill for the fiscal years ended June 30, 2023 and 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 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 |
Effect of foreign currency changes on goodwill | (227) |  |  | — |  |  | — |  |  | (227) |
Goodwill as of June 30, 2023 | $ | 12,072 |  |  | $ | 68,714 |  |  | $ | 19,791 |  |  | $ | 100,577 |
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)
| 2023 |  | 2022 |  |
Definite-lived intangibles: |  |  |  |  |  |  |
Dealer relationships | $ | 131,725 |  |  | $ | 131,806 |  |  | 15-20 |  | 15.6
Patent | 2,600 |  |  | 2,600 |  |  | 15 |  | 9.0
Trade name | 100 |  |  | 100 |  |  | 15 |  | 7.0
Non-compete agreement | 46 |  |  | 48 |  |  | 10 |  | 1.3
Total | 134,471 |  |  | 134,554 |  |  |  |  |
Less: Accumulated amortization | (31,213) |  |  | (24,450) |  |  |  |  |
Total definite-lived intangible assets, net | 103,258 |  |  | 110,104 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade names | 118,200 |  |  | 118,200 |  |  |  |  |
Total other intangible assets | $ | 221,458 |  |  | $ | 228,304 |  |  |  |  |
Amortization expense recognized on all amortizable intangibles was $6,808, $6,957 and $7,255 for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. Estimated future amortization expenses as of June 30, 2023 are as follows:
Fiscal Year |  | As of June 30, 2023
2024 |  | $ | 6,806 |
2025 |  | 6,803 |
2026 |  | 6,802 |
2027 |  | 6,802 |
2028 |  | 6,802 |
2029 and thereafter |  | 69,243 |
|  | $ | 103,258 |

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