v3.26.1
REVENUE RECOGNITION
 12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION

2. REVENUE RECOGNITION

The following tables present the Company’s net sales by major product category for each reportable segment.

 

 

Year Ended June 30, 2026

 

 

 

Performance and Wake

 

 

Leisure

 

 

Recreation and Sport Fishing

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

256,884

 

 

$

42,672

 

 

$

32,848

 

 

$

332,404

 

Parts

 

 

11,524

 

 

 

1,054

 

 

 

478

 

 

 

13,056

 

Other revenue

 

 

2,769

 

 

 

674

 

 

 

—

 

 

 

3,443

 

Total

 

$

271,177

 

 

$

44,400

 

 

$

33,326

 

 

$

348,903

 

 

 

 

Year Ended June 30, 2025

 

 

 

Performance and Wake

 

 

Leisure

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

226,016

 

 

$

41,020

 

 

$

267,036

 

Parts

 

 

11,704

 

 

 

1,692

 

 

 

13,396

 

Other revenue

 

 

3,043

 

 

 

728

 

 

 

3,771

 

Total

 

$

240,763

 

 

$

43,440

 

 

$

284,203

 

 

 

 

Year Ended June 30, 2024

 

 

 

Performance and Wake

 

 

Leisure

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

245,963

 

 

$

57,832

 

 

$

303,795

 

Parts

 

 

13,567

 

 

 

1,242

 

 

 

14,809

 

Other revenue

 

 

3,206

 

 

 

541

 

 

 

3,747

 

Total

 

$

262,736

 

 

$

59,615

 

 

$

322,351

 

For fiscal 2026, the Company’s top ten dealers accounted for approximately 34% of our net sales and none of our dealers individually accounted for more than 10% of our total net sales. For fiscal 2025, the Company’s top ten dealers accounted for approximately 34% of our net sales and none of our dealers individually accounted for more than 10% of our total net sales. For fiscal 2024, the Company’s top ten dealers accounted for approximately 31% of our net sales and none of our dealers individually accounted for more than 10% of our total net sales.

On a consolidated basis, international sales accounted for 11.3%, 11.4%, and 14.0% of the Company’s net sales for the years ended June 30, 2026, 2025, and 2024, respectively. The Company had no significant concentrations of sales to individual or international dealers during the years ended June 30, 2026, 2025, and 2024.

Contract Liabilities

As of June 30, 2026, the Company had $6.5 million of contract liabilities associated primarily related to customer deposits and telematic services reported in Accrued expenses and other current liabilities and Other long-term liabilities on the consolidated balance sheet. The Company expects to recognize $4.9 million of this amount during the year ending June 30, 2027, and $1.6 million thereafter. As of June 30, 2025, total contract liabilities were $3.8 million. During the year ended June 30, 2026, $1.9 million of this amount was recognized as revenue.

See Note 1 for a description of the Company’s significant revenue recognition policies and Note 16 for a description of the Company’s segments.