XML 28 R14.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Other Intangible Assets, net
12 Months Ended
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:
MalibuSaltwater FishingCobaltConsolidated
Goodwill as of June 30, 2021
$12,528 $68,714 $19,791 $101,033 
Addition related to the acquisition of Malibu Electronics329 — — 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)
 20232022
Definite-lived intangibles:
Dealer relationships$131,725 $131,806 
15-20
15.6
Patent2,600 2,600 
15
9.0
Trade name100 100 157.0
Non-compete agreement46 48 101.3
Total134,471 134,554 
Less: Accumulated amortization(31,213)(24,450)
Total definite-lived intangible assets, net103,258 110,104 
Indefinite-lived intangible:
Trade names118,200 118,200 
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 YearAs of June 30, 2023
2024$6,806 
20256,803 
20266,802 
20276,802 
20286,802 
2029 and thereafter69,243 
$103,258