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Goodwill and Other Intangible Assets, net | 12 Months Ended
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Jun. 30, 2024
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, 2024 and 2023 were as follows:
| Malibu |  | Saltwater Fishing |  | Cobalt |  | Consolidated
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 |
Impairment related to Maverick Boat Group | — |  |  | (49,189) |  |  | — |  |  | $ | (49,189) |
Effect of foreign currency changes on goodwill | 27 |  |  | — |  |  | — |  |  | 27 |
Goodwill as of June 30, 2024 | $ | 12,099 |  |  | $ | 19,525 |  |  | $ | 19,791 |  |  | $ | 51,415 |
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)
| 2024 |  | 2023 |  |
Definite-lived intangibles: |  |  |  |  |  |  |
Dealer relationships | $ | 131,735 |  |  | $ | 131,725 |  |  | 15-20 |  | 14.6
Patent | 2,600 |  |  | 2,600 |  |  | 15 |  | 8.0
Trade name | 100 |  |  | 100 |  |  | 15 |  | 6.0
Non-compete agreement | 47 |  |  | 46 |  |  | 10 |  | 0.3
Total | 134,482 |  |  | 134,471 |  |  |  |  |
Less: Accumulated amortization | (38,033) |  |  | (31,213) |  |  |  |  |
Total definite-lived intangible assets, net | 96,449 |  |  | 103,258 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade names | 118,200 |  |  | 118,200 |  |  |  |  |
Less: Impairment charge | (39,200) |  |  | — |  |  |  |  |
Total other intangible assets | $ | 175,449 |  |  | $ | 221,458 |  |  |  |  |
During the three months ended March 31, 2024, the Company determined certain indicators of potential impairment existed, warranting an interim impairment assessment of goodwill as of March 31, 2024. The Company performed a goodwill impairment analysis as of March 31, 2024 consistent with the Company’s approach for annual impairment testing, including similar models and inputs. Based on such analysis, the Company determined that its estimated fair value for the Maverick Boat Group reporting unit was less than its carrying value as of March 31, 2024, and the Company recognized an impairment charge of $49,189 for the three months ended March 31, 2024. Additionally, during the Company's interim impairment evaluation of indefinite-lived intangibles, the Company recorded an impairment charge on trade names of $39,200 related to the Maverick Boat Group reporting unit. This charge was included in Goodwill and other intangible asset impairment on the consolidated statements of operations and comprehensive (loss) income. No other intangible asset impairment loss was recorded. For more information, refer to Note 1 of our consolidated financial statements included elsewhere in this report. Amortization expense recognized on all amortizable intangibles was $6,811, $6,808 and $6,957 for the fiscal years ended June 30, 2024, 2023 and 2022, respectively. Estimated future amortization expenses as of June 30, 2024 are as follows:
Fiscal Year |  | As of June 30, 2024
2025 |  | $ | 6,803 |
2026 |  | 6,803 |
2027 |  | 6,803 |
2028 |  | 6,803 |
2029 |  | 6,802 |
2030 and thereafter |  | 62,435 |
|  | $ | 96,449 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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