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Goodwill and Other Intangible Assets | 3 Months Ended
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Sep. 30, 2023
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 three months ended September 30, 2023 were as follows:
| Malibu |  | Saltwater Fishing |  | Cobalt |  | Consolidated
Goodwill as of June 30, 2023 | $ | 12,072 |  |  | $ | 68,714 |  |  | $ | 19,791 |  |  | $ | 100,577 |
Effect of foreign currency changes on goodwill | (188) |  |  | — |  |  | — |  |  | (188) |
Goodwill as of September 30, 2023 | $ | 11,884 |  |  | $ | 68,714 |  |  | $ | 19,791 |  |  | $ | 100,389 |
The components of other intangible assets were as follows:
| As of September 30, 2023 |  | As of June 30, 2023 |  | Estimated Useful Life (in years) |  | Weighted-Average Remaining Useful Life (in years)
Definite-lived intangibles: |  |  |  |  |  |  |
Dealer relationships | $ | 131,659 |  |  | $ | 131,725 |  |  | 15-20 |  | 15.4
Patent | 2,600 |  |  | 2,600 |  |  | 15 |  | 8.8
Trade name | 100 |  |  | 100 |  |  | 15 |  | 6.7
Non-compete agreement | 45 |  |  | 46 |  |  | 10 |  | 1.1
Total | 134,404 |  |  | 134,471 |  |  |  |  |
Less: Accumulated amortization | (32,887) |  |  | (31,213) |  |  |  |  |
Total definite-lived intangible assets, net | 101,517 |  |  | 103,258 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade name | 118,200 |  |  | 118,200 |  |  |  |  |
Total other intangible assets, net | $ | 219,717 |  |  | $ | 221,458 |  |  |  |  |
Amortization expense recognized on all amortizable intangibles was $1,715 and $1,716 for the three months ended September 30, 2023 and 2022, respectively. Estimated future amortization expenses as of September 30, 2023 are as follows:
Fiscal years ending June 30: |  | Amount
Remainder of 2024 |  | $ | 5,088 |
2025 |  | 6,799 |
2026 |  | 6,797 |
2027 |  | 6,797 |
2028 |  | 6,797 |
2029 and thereafter |  | 69,239 |
|  | $ | 101,517 |

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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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