Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the six months ended December 31, 2022 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Malibu | | Saltwater Fishing | | Cobalt | | Consolidated | Goodwill as of June 30, 2022 | $ | 12,299 | | | $ | 68,714 | | | $ | 19,791 | | | $ | 100,804 | | | | | | | | | | Effect of foreign currency changes on goodwill | (67) | | | — | | | — | | | (67) | | Goodwill as of December 31, 2022 | $ | 12,232 | | | $ | 68,714 | | | $ | 19,791 | | | $ | 100,737 | |
The components of other intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2022 | | As of June 30, 2022 | | Estimated Useful Life (in years) | | Weighted-Average Remaining Useful Life (in years) | Definite-lived intangibles: | | | | | | | | | | | | | | | | Dealer relationships | $ | 131,781 | | | $ | 131,806 | | | 15-20 | | 16.1 | Patent | 2,600 | | | 2,600 | | | 15 | | 9.5 | Trade name | 100 | | | 100 | | | 15 | | 7.5 | Non-compete agreement | 48 | | | 48 | | | 10 | | 1.8 | Total | 134,529 | | | 134,554 | | | | | | Less: Accumulated amortization | (27,869) | | | (24,450) | | | | | | Total definite-lived intangible assets, net | 106,660 | | | 110,104 | | | | | | Indefinite-lived intangible: | | | | | | | | Trade name | 118,200 | | | 118,200 | | | | | | Total other intangible assets, net | $ | 224,860 | | | $ | 228,304 | | | | | |
Amortization expense recognized on all amortizable intangibles was $1,715 and $1,719 for the three months ended December 31, 2022 and 2021, respectively, and $3,431 and $3,575 for the six months ended December 31, 2022 and 2021, respectively. The estimated future amortization of definite-lived intangible assets is as follows: | | | | | | | | | Fiscal years ending June 30: | | Amount | Remainder of 2023 | | $ | 3,378 | | 2024 | | 6,810 | | 2025 | | 6,807 | | 2026 | | 6,805 | | 2027 | | 6,805 | | 2028 and thereafter | | 76,055 | | | | $ | 106,660 | |
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