See Note 1 for a discussion of the methods used to determine the fair value of goodwill and other intangible assets. In assessing the need for goodwill and intangible impairment, management utilizes a number of estimates, including operating results, business plans, economic projections, anticipated future cash flows, transactions and marketplace data. Accordingly, these fair value measurements fall in Level 3 of the fair value hierarchy.

As of June 30, 2026, our annual impairment test date, the Company performed a qualitative assessment and identified no events or circumstances that indicated that there existed a more likely than not probability of impairment of goodwill.

The following table presents the carrying amounts of goodwill for each of the Company’s reportable segments.


	Performance and Wake		Leisure			Recreation and Sport Fishing		Total
Gross	$	28,493	$	36,238		$	—	$	64,731
Accumulated impairment loss		—		(36,238	)		—		(36,238	)
Goodwill, net at June 30, 2025		28,493		—			—		28,493
Acquired in business combination		—		—			105,599		105,599
Goodwill, net at June 30, 2026	$	28,493	$	—		$	105,599	$	134,092

During fiscal 2026, as a result of the Marine Products Transaction, the Company recognized $105.6 million of goodwill within the Recreation and Sport Fishing segment. See Note 4 – Business Combinations for further information.

The following table presents the carrying amount of Other intangible assets, net as of June 30, 2026 and 2025.


	June 30,							June 30,
	2026							2025
	Gross Amount		Accumulated Amortization / Impairment			Other intangible assets, net		Gross Amount		Accumulated Amortization / Impairment			Other intangible assets, net
Amortized intangible assets
Dealer networks	$	44,500	$	(19,784	)	$	24,716	$	19,500	$	(13,650	)	$	5,850
Other		2,600		(2,600	)		—		245		(245	)		—
		47,100		(22,384	)		24,716		19,745		(13,895	)		5,850

Unamortized intangible assets
Trade names		70,500		(13,000	)		57,500		33,000		(7,000	)		26,000
Total other intangible assets	$	117,600	$	(35,384	)	$	82,216	$	52,745	$	(20,895	)	$	31,850

During fiscal 2026, in connection with the Marine Products Transaction, the Company recognized $65.1 million of identifiable intangible assets within the Recreation and Sport Fishing segment, consisting of $37.5 million of trade names, $25.0 million of dealer networks, and $2.6 million of other intangible assets. The dealer networks and other intangible assets are finite-lived and are being amortized over their estimated useful lives, while the trade names were determined to have indefinite useful lives and are not amortized. See Note 4 – Business Combinations for further information.

As of June 30, 2026, our annual impairment test date, we performed a qualitative assessment on our indefinite-lived intangible assets. Other than the Crest trade name discussed below, no events or circumstances were identified that indicated that there existed a more likely than not probability that our indefinite-lived intangible assets were impaired. The carrying value of the indefinite-lived intangible assets associated with the Performance and Wake segment was $16.0 million as of June 30, 2026 and 2025. The carrying value of the indefinite-lived intangible assets associated with the Recreation and Sport fishing segment was $37.5 million as of June 30, 2026.

During the fiscal 2026 fourth quarter, the Company identified indicators of impairment within the Leisure segment, primarily as a result of updated projections and valuation inputs. Accordingly, the Company performed an impairment evaluation of the Crest brand indefinite-lived trade name and definite-lived dealer network intangible assets. The dealer network was evaluated for recoverability using an undiscounted cash flow analysis and, because the carrying value was determined not to be recoverable, its fair value was subsequently estimated using a discounted cash flow approach. The Crest trade name was tested for impairment by comparing its estimated fair value, determined using the relief-from-royalty method, to its carrying value. Based on these analyses, the Company recorded impairment charges of $4.1 million and $6.0 million related to the Crest dealer network and Crest trade name, respectively, reducing the assets to their estimated fair values.

Amortization expense related to Other intangible assets, net for the year ended June 30, 2026 was $4.7 million and for each of the years ended June 30, 2025, and 2024, was $1.8 million.