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Accrued Expenses | 3 Months Ended
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Sep. 30, 2025
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued Expenses Accrued expenses consisted of the following:
| As of September 30, 2025 |  | As of June 30, 2025
Warranties | $ | 40,153 |  |  | $ | 40,970 |
Dealer incentives | 10,963 |  |  | 7,057 |
Accrued compensation | 16,853 |  |  | 15,438 |
Current operating lease liabilities | 2,432 |  |  | 2,408 |
Accrued legal and professional fees | 30,066 |  |  | 33,729 |
Customer deposits | 4,198 |  |  | 3,508 |
Government grant | 4,089 |  |  | 4,089 |
Other accrued expenses | 3,447 |  |  | 2,571 |
Total accrued expenses | $ | 112,201 |  |  | $ | 109,770 |
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. Accrued legal and professional fees also includes approximately $7,800 related to a settlement amount associated with a claim that the Company has filed with its insurance carrier and, based on communications with the insurer and its own assessment, believes that recovery of the loss is probable. For more information, refer to Note 16 of our unaudited interim condensed consolidated financial statements included elsewhere in this Quarterly Report. Government grant includes approximately $4,089 related to an Economic Development Grant to be paid by the State of Tennessee in relation to the Company's recent purchase of a production facility in Roane County, Tennessee and the moving production of certain models of Cobalt boats from Kansas to Tennessee. 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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