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Goodwill and Other Intangible Assets, net (Tables) | 3 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill for the three months ended September 30, 2024 were as follows:
| Malibu |  | Saltwater Fishing |  | Cobalt |  | Consolidated
Goodwill as of June 30, 2024 1 | $ | 12,099 |  |  | $ | 19,525 |  |  | $ | 19,791 |  |  | $ | 51,415 |
Effect of foreign currency changes on goodwill | 230 |  |  | — |  |  | — |  |  | 230 |
Balance as of September 30, 2024 | $ | 12,329 |  |  | $ | 19,525 |  |  | $ | 19,791 |  |  | $ | 51,645 |
(1) Net of accumulated impairment losses of $49,189 in our Saltwater Fishing segment.
Schedule of Components of Finite-Lived Intangible Assets | The components of other intangible assets were as follows:
| As of September 30, 2024 |  | As of June 30, 2024 |  | Estimated Useful Life (in years) |  | Weighted-Average Remaining Useful Life (in years)
Definite-lived intangibles: |  |  |  |  |  |  |
Dealer relationships | $ | 131,816 |  |  | $ | 131,735 |  |  | 15-20 |  | 14.4
Patent | 2,600 |  |  | 2,600 |  |  | 15 |  | 7.8
Trade name | 100 |  |  | 100 |  |  | 15 |  | 5.7
Non-compete agreement | 48 |  |  | 47 |  |  | 10 |  | 0.1
Total | 134,564 |  |  | 134,482 |  |  |  |  |
Less: Accumulated amortization | (39,804) |  |  | (38,033) |  |  |  |  |
Total definite-lived intangible assets, net | 94,760 |  |  | 96,449 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade name | 79,000 |  |  | 118,200 |  |  |  |  |
Less: Impairment charge | — |  |  | (39,200) |  |  |  |  |
Total other intangible assets, net | $ | 173,760 |  |  | $ | 175,449 |  |  |  |  |
Schedule of Components of Indefinite-Lived Intangible Assets | The components of other intangible assets were as follows:
| As of September 30, 2024 |  | As of June 30, 2024 |  | Estimated Useful Life (in years) |  | Weighted-Average Remaining Useful Life (in years)
Definite-lived intangibles: |  |  |  |  |  |  |
Dealer relationships | $ | 131,816 |  |  | $ | 131,735 |  |  | 15-20 |  | 14.4
Patent | 2,600 |  |  | 2,600 |  |  | 15 |  | 7.8
Trade name | 100 |  |  | 100 |  |  | 15 |  | 5.7
Non-compete agreement | 48 |  |  | 47 |  |  | 10 |  | 0.1
Total | 134,564 |  |  | 134,482 |  |  |  |  |
Less: Accumulated amortization | (39,804) |  |  | (38,033) |  |  |  |  |
Total definite-lived intangible assets, net | 94,760 |  |  | 96,449 |  |  |  |  |
Indefinite-lived intangible: |  |  |  |  |  |  |
Trade name | 79,000 |  |  | 118,200 |  |  |  |  |
Less: Impairment charge | — |  |  | (39,200) |  |  |  |  |
Total other intangible assets, net | $ | 173,760 |  |  | $ | 175,449 |  |  |  |  |
Schedule of Future Amortization of Definite-Lived Intangible Assets | Estimated future amortization expenses as of September 30, 2024 are as follows:
Fiscal years ending June 30: |  | Amount
Remainder of 2025 |  | $ | 5,099 |
2026 |  | 6,808 |
2027 |  | 6,808 |
2028 |  | 6,808 |
2029 |  | 6,808 |
2030 and thereafter |  | 62,429 |
|  | $ | 94,760 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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