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Accrued Expenses

6 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consisted of the following:

			As of December 31, 2023						As of June 30, 2023
Warranties			$	40,587					$	41,709
Dealer incentives			21,911						14,996
Accrued compensation			12,525						19,671
Current operating lease liabilities			2,283						2,324
Litigation settlement			—						100,000
Accrued legal and professional fees			21,715						1,899
Customer deposits			5,412						4,054
Other accrued expenses			2,283						2,425
Total accrued expenses			$	106,716					$	187,078

Litigation settlement represents the settlement of product liability cases in June 2023 for $100,000. Accrued legal and professional fees includes 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 15 of our condensed consolidated financial statements included elsewhere in this report.

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- Definition

The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a),20,24)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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- References

No definition available.

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