Company: MCFT
Filing Date: 2025-08-27
Form Type: 10-K
Source: 0000950170-25-111682
Chunk: 61

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-08-27
Form: 10-K
Item: Item 6
Chunk 61
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 leased asset is located. The operating lease ROU asset also includes any initial direct costs and lease payments made prior to lease commencement and excludes lease incentives incurred.

61

The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease expense is recognized on a straight-line basis over the lease term. The Company may enter into lease agreements that contain both lease and non-lease components, which it has elected to account for as a single lease component for all asset classes.The lease-related balances as of June 30, 2025 and 2024, and activity and costs during the periods presented are not material.Legal ProceedingsThe Company is subject to various litigation, claims and proceedings, which have arisen in the ordinary course of business. The Company accrues for litigation, claims and proceedings when a liability is both probable and the amount can be reasonably estimated.As of June 30, 2025 the Company’s accruals for litigation matters are not material. While these matters are subject to inherent uncertainties, management believes that current litigation, claims and proceedings, individually and in aggregate, and after considering expected insurance reimbursements, are not likely to have a material adverse impact on the Company’s financial position, results of operations or cash flows.13. EARNINGS PER SHARE AND COMMON STOCKThe factors used in the earnings per share computation are as follows:

         2025

         2024

         2023

         Income from continuing operations
          
         $
         10,715

         $
         23,243

         $
         93,801

         Loss from discontinued operations, net of tax

         (3,672
         )

         (15,443
         )

         (24,864
         )

         Net income
          
         $
         7,043

         $
         7,800

         $
         68,937

         Weighted average shares — basic

         16,428,485

         16,930,348

         17,618,797

         Dilutive effect of assumed exercises of stock options

         —

         —

         5,270

         Dilutive effect of assumed restricted share awards/units

         97,288

         107,957

         141,050

         Weighted average outstanding shares — diluted

         16,525,773

         17,038,305

         17,765,117