v3.26.1
BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Summary of Fair Value of the Merger Consideration Transferred

The following table summarizes the fair value of the merger consideration transferred:

 

 

Amount

 

Shares of Marine Products common stock

 

 

34,863,738

 

Exchange ratio

 

 

0.232

 

Shares of MasterCraft common stock issued

 

 

8,088,171

 

MasterCraft closing share price

 

$

24.64

 

Stock consideration for shares issued

 

$

199,293

 

Partial consideration for shares of Assumed RSAs

 

$

118

 

Total stock consideration

 

$

199,411

 

Shares of Marine Products common stock

 

 

34,863,738

 

Cash Consideration per share

 

$

2.43

 

Cash consideration

 

$

84,725

 

Partial cash consideration for Assumed RSAs

 

$

50

 

Total cash consideration

 

$

84,775

 

Total merger consideration

 

$

284,186

 
Summary of Purchase Consideration to Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed based on their estimated acquisition-date fair values:

 

 

Preliminary Fair Value

 

Cash and cash equivalents

 

$

30,664

 

Accounts receivable

 

 

5,292

 

Inventories

 

 

55,105

 

Prepaid expenses and other current assets

 

 

4,792

 

Property, plant and equipment

 

 

67,845

 

Goodwill

 

 

105,599

 

Other intangible assets

 

 

65,100

 

Investment in affiliate

 

 

4,331

 

Other, net

 

 

1,620

 

Deferred income taxes

 

 

(17,193

)

Unrecognized tax positions

 

 

(9,212

)

Accounts payable

 

 

(11,448

)

Accrued expenses and other current liabilities

 

 

(18,309

)

Total

 

$

284,186

 
Summary of Purchase Price Allocated to the Other Intangible Assets Acquired

The following table summarizes the details of the purchase price allocated to the other intangible assets acquired:

 

 

Amount

 

Weighted Average Life

Trade names

 

$

37,500

 

Indefinite

 

 

 

 

 

Dealer Networks

 

 

25,000

 

11 years

Other

 

 

2,600

 

1.5 months

Finite-lived intangibles

 

 

27,600

 

10 years

Total

 

$

65,100

 

 
Summary of Acquisition of the Company and Marine Products

The following unaudited pro forma information represents the combined results of operations of the Company and Marine Products as if the acquisition occurred on July 1, 2024:

 

 

Fiscal Year Ended

 

 

 

2026

 

 

2025

 

Net Sales

 

$

565,799

 

 

$

508,571

 

Net Income

 

$

11,410

 

 

$

(6,457

)