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Goodwill and Other Intangible Assets, net
 12 Months Ended
Jun. 30, 2025
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, 2025 and 2024 were as follows:
MalibuSaltwater FishingCobaltConsolidated
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 
Effect of foreign currency changes on goodwill
(109)— — (109)
Goodwill as of June 30, 2025
$11,990 $19,525 $19,791 $51,306 
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)
 20252024
Definite-lived intangibles:
Dealer relationships$131,696 $131,735 
15-20
13.6
Patent2,600 2,600 
15
7.0
Trade name100 100 155.0
Non-compete agreement46 47 100.0
Total134,442 134,482 
Less: Accumulated amortization(44,808)(38,033)
Total definite-lived intangible assets, net89,634 96,449 
Indefinite-lived intangible:
Trade names118,200 118,200 
Less: Impairment charge(39,200)(39,200)
Total other intangible assets$168,634 $175,449 
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 income (loss). No other intangible asset impairment loss was recorded in fiscal years 2025, 2024 or 2023.
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 $6,799, $6,811 and $6,808 for the fiscal years ended June 30, 2025, 2024 and 2023, respectively.
Estimated future amortization expenses as of June 30, 2025 are as follows:
Fiscal YearAs of June 30, 2025
2026$6,800 
20276,800 
20286,800 
20296,800 
20306,704 
2031 and thereafter55,730 
$89,634