Company: MCFT
Filing Date: 2025-08-27
Form Type: 10-K
Source: 0000950170-25-111682
Chunk: 53

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-08-27
Form: 10-K
Item: Item 6
Chunk 53
---
,000
         )

         26,000

         33,000

         (7,000
         )

         26,000

         Total other intangible assets
          
         $
         52,745

         $
         (20,895
         )
          
         $
         31,850

         $
         52,745

         $
         (19,095
         )
          
         $
         33,650

       As of June 30, 2025, our annual impairment test date, the Company performed a qualitative assessment on our indefinite-lived intangible assets and identified no events or circumstances that indicated that there existed a more likely than not probability of impairment of 

55

trade names within our MasterCraft and Pontoon segments. The carrying value of the indefinite-lived intangible assets associated with the MasterCraft and Pontoon segments was $16.0 million and $10.0 million, respectively, as of June 30, 2025 and 2024.Additionally, the Company performed an interim impairment evaluation on our Crest brand indefinite and definite-lived intangible assets during the fiscal 2025 fourth quarter, as discussed in Note 1, and concluded both the fair value and undiscounted cash flows exceeded the related carrying values, respectively, resulting in no impairment.Amortization expense related to Other intangible assets, net for each of the years ended June 30, 2025 and 2024, was $1.8 million, and for the year ended June 30, 2023, was $2.0 million.The following table presents estimated future amortization expense for the next four fiscal years.

         Fiscal years ending June 30,

         2026

         1,800

         2027

         1,800

         2028

         1,800

         2029

         450

         Total
          
         $
         5,850

        8. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIESAccrued expenses and other current liabilities consisted of the following: 

         June 30,

         June 30,

         2025

         2024

         Warranty
          
         $
         25,712

         $
         25,486

         Dealer incentives

         14,727

         16,059

         Compensation and related accruals

         5,787

         4,673

         Contract