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Accrued Expenses | 12 Months Ended
--- | ---
Jun. 30, 2024
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued Expenses Accrued expenses consisted of the following:
| As of June 30,
| 2024 |  | 2023
Warranties | $ | 37,967 |  |  | $ | 41,709 |
Dealer incentives | 28,911 |  |  | 14,996 |
Accrued compensation | 13,791 |  |  | 19,671 |
Current operating lease liabilities | 2,177 |  |  | 2,324 |
Litigation settlement | — |  |  | 100,000 |
Accrued legal and professional fees | 22,467 |  |  | 1,899 |
Customer deposits | 4,270 |  |  | 4,054 |
Government grant | 5,867 |  |  | — |
Other accrued expenses | 3,980 |  |  | 2,425 |
Total accrued expenses | $ | 119,430 |  |  | $ | 187,078 |
Litigation settlement represents the settlement of product liability cases in June 2023 for $100.0 million. Accrued legal and professional fees include approximately $21,000 in insurance coverage proceeds that are subject in certain cases to reservations of rights by the insurance carriers. The proceeds will be considered a liability in accrued expenses until the resolution of the litigation. For more information, refer to Note 17 of our consolidated financial statements included elsewhere in this Annual Report. Government grant includes approximately $5,867 related to an Economic Development Grant to be paid by the State of Tennessee in relation to the Roane County Property Purchase and Related Improvements. The grant requires the Company to create and maintain a specified number of jobs in order to retain the grant. The accrued liability will be relieved as the Company satisfies headcount requirements.

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