v3.26.1
Restructuring and Impairment
9 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Impairment Restructuring and Impairment
During the nine months ended June 30, 2026, the Company recorded impairment charges to reduce the carrying value of certain identifiable intangible assets to their estimated fair value, as discussed in Note 7. In addition, the Company recorded impairment charges to adjust the carrying value of assets held for sale to their estimated fair value, less costs to sell, based on the expected fair value of the disposal group. Further, the Company underwent various restructuring activities primarily related to the closure of certain locations and a reduction of headcount. The Company recognized $0.3 million in restructuring and impairment charges during the three months ended June 30, 2026, which were recorded within restructuring and impairment in the unaudited consolidated statement of operations. $0.2 million and $0.1 million was reported in the Dealership and Distribution reporting segments, respectively.
The Company recognized $14.3 million in restructuring and impairment charges during the nine months ended June 30, 2026, which were recorded within restructuring and impairment in the unaudited consolidated statement of operations. $6.3 million and $8.0 million was reported in the Dealership and Distribution reporting segments, respectively.
During the nine months ended June 30, 2025, the Company underwent various restructuring actions, primarily a reduction of headcount, closure of certain locations and inventory adjustments related to the cancellation of certain dealer agreements. As a result of the restructuring activities, the Company recognized $0.7 million in restructuring charges during the three months ended June 30, 2025, of which $0.2 million was recorded in restructuring and impairment and $0.5 million was recorded in new boat cost of sales in the unaudited consolidated statement of operations. Of the $0.7 million restructuring charges, $0.5 million and $0.2 million was reported in the Dealership and Distribution reporting segments, respectively.
The Company recognized $3.0 million in restructuring charges during the nine months ended June 30, 2025, of which $1.5 million was recorded in restructuring and impairment and $1.5 million was recorded in new boat cost of sales in the unaudited consolidated statement of operations. Of the $3.0 million restructuring charges, $1.6 million and $1.4 million was reported in the Dealership and Distribution reporting segments, respectively.