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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,
 20242023
Warranties$37,967 $41,709 
Dealer incentives28,911 14,996 
Accrued compensation13,791 19,671 
Current operating lease liabilities2,177 2,324 
Litigation settlement— 100,000 
Accrued legal and professional fees22,467 1,899 
Customer deposits4,270 4,054 
Government grant5,867 — 
Other accrued expenses3,980 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.