| Schedule of Operating Information for Reportable Segments |
Selected financial information for the Company’s reportable segments was as follows:
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For the Year Ended |
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June 30, 2026 |
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Performance and Wake |
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Leisure |
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|
Recreation and Sport Fishing |
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Consolidated |
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Net sales |
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$ |
271,177 |
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|
$ |
44,400 |
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|
$ |
33,326 |
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$ |
348,903 |
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Cost of sales |
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|
194,514 |
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|
41,585 |
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|
33,025 |
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|
|
269,124 |
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Operating expenses(1) |
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55,125 |
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|
18,842 |
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|
6,926 |
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|
80,893 |
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Adjustments: |
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Depreciation and amortization |
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5,837 |
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|
3,641 |
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4,174 |
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|
13,652 |
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Adjustment items(2) |
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18,480 |
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10,317 |
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|
4,295 |
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|
33,092 |
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Adjusted EBITDA |
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|
45,855 |
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(2,069 |
) |
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|
1,844 |
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|
45,630 |
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Less: Interest Expense |
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(215 |
) |
Add: Interest Income |
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2,747 |
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Less: Depreciation and amortization |
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(13,652 |
) |
Less: Impairment |
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(10,050 |
) |
Less: Share-based compensation |
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(4,113 |
) |
Less: Senior leadership transition and organizational realignment costs |
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(196 |
) |
Less: ERP implementation costs |
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(999 |
) |
Less: Marine Products Transaction costs |
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(15,249 |
) |
Less: Inventory step-up |
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(2,556 |
) |
Income before taxes |
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1,347 |
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Purchases of property, plant and equipment |
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6,124 |
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1,164 |
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|
836 |
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8,124 |
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For the Year Ended |
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June 30, 2025 |
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Performance and Wake |
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Leisure |
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Consolidated |
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Net sales |
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$ |
240,763 |
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$ |
43,440 |
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$ |
284,203 |
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Cost of sales |
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|
183,180 |
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|
44,158 |
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|
227,338 |
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Operating expenses(1) |
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36,925 |
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|
8,708 |
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|
45,633 |
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Adjustments: |
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Depreciation and amortization |
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|
5,888 |
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|
3,691 |
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|
9,579 |
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Adjustment items(2) |
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|
3,225 |
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|
349 |
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|
3,574 |
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Adjusted EBITDA |
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|
29,771 |
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(5,386 |
) |
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|
24,385 |
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Less: Interest Expense |
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(1,169 |
) |
Add: Interest Income |
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|
3,472 |
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Less: Depreciation and amortization |
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(9,579 |
) |
Less: Share-based compensation |
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(2,915 |
) |
Less: Senior leadership transition and organizational realignment costs |
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(659 |
) |
Income before taxes |
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13,535 |
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Purchases of property, plant and equipment |
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7,219 |
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1,979 |
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|
9,198 |
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For the Year Ended |
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|
June 30, 2024 |
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Performance and Wake |
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Leisure |
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Consolidated |
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Net sales |
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$ |
262,736 |
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$ |
59,615 |
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$ |
322,351 |
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Cost of sales |
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|
197,622 |
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|
53,119 |
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|
250,741 |
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Operating expenses(1) |
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35,541 |
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|
8,593 |
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|
44,134 |
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Adjustments: |
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Depreciation and amortization |
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|
5,109 |
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|
3,266 |
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|
8,375 |
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Adjustment items(2) |
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|
4,180 |
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|
130 |
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|
4,310 |
|
Adjusted EBITDA |
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|
38,862 |
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|
|
1,299 |
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|
40,161 |
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Less: Interest Expense |
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(3,292 |
) |
Add: Interest Income |
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|
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|
5,789 |
|
Less: Depreciation and amortization |
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|
|
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(8,375 |
) |
Less: Share-based compensation |
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(2,602 |
) |
Less: Senior leadership transition and organizational realignment costs |
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(1,708 |
) |
Income before taxes |
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29,973 |
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Purchases of property, plant and equipment |
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7,912 |
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|
2,613 |
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|
10,525 |
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(1)Operating expenses include selling and marketing expenses, general and administrative expenses, and amortization of other intangible assets. (2)Adjustment items include share-based compensation, senior leadership transition and organizational realignment costs, ERP implementation costs, impairment, Marine Products Transaction costs, and inventory step-up. The following table presents total assets for the Company’s reportable segments as of June 30, 2026 and 2025.
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June 30, 2026 |
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|
June 30, 2025 |
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Assets: |
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Performance and Wake |
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$ |
165,892 |
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$ |
213,942 |
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Leisure |
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|
32,919 |
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|
46,006 |
|
Recreation and Sport Fishing |
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|
301,621 |
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— |
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Total assets |
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$ |
500,432 |
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$ |
259,948 |
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