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REVENUE RECOGNITION
6 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION
2.
REVENUE RECOGNITION

The following tables present the Company's revenue by major product category for each reportable segment:

 

 

 

Three Months Ended December 31, 2023

 

 

 

MasterCraft

 

 

Crest

 

 

Aviara

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

70,374

 

 

$

16,698

 

 

$

9,731

 

 

$

96,803

 

Parts

 

 

1,939

 

 

 

224

 

 

 

 

 

 

2,163

 

Other revenue

 

 

386

 

 

 

129

 

 

 

 

 

 

515

 

Total

 

$

72,699

 

 

$

17,051

 

 

$

9,731

 

 

$

99,481

 

 

 

 

Six Months Ended December 31, 2023

 

 

 

MasterCraft

 

 

Crest

 

 

Aviara

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

140,198

 

 

$

34,816

 

 

$

19,643

 

 

$

194,657

 

Parts

 

 

7,130

 

 

 

477

 

 

 

 

 

 

7,607

 

Other revenue

 

 

1,207

 

 

 

227

 

 

 

 

 

 

1,434

 

Total

 

$

148,535

 

 

$

35,520

 

 

$

19,643

 

 

$

203,698

 

 

 

 

Three Months Ended January 1, 2023

 

 

 

MasterCraft

 

 

Crest

 

 

Aviara

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

105,536

 

 

$

36,364

 

 

$

13,858

 

 

$

155,758

 

Parts

 

 

2,658

 

 

 

133

 

 

 

 

 

 

2,791

 

Other revenue

 

 

471

 

 

 

168

 

 

 

 

 

 

639

 

Total

 

$

108,665

 

 

$

36,665

 

 

$

13,858

 

 

$

159,188

 

 

 

 

Six Months Ended January 1, 2023

 

 

 

MasterCraft

 

 

Crest

 

 

Aviara

 

 

Total

 

Major Product Categories:

 

 

 

 

 

 

 

 

 

 

 

 

Boats and trailers

 

$

213,740

 

 

$

79,507

 

 

$

26,793

 

 

$

320,040

 

Parts

 

 

6,895

 

 

 

386

 

 

 

 

 

 

7,281

 

Other revenue

 

 

1,050

 

 

 

333

 

 

 

 

 

 

1,383

 

Total

 

$

221,685

 

 

$

80,226

 

 

$

26,793

 

 

$

328,704

 

 

Contract Liabilities

As of June 30, 2023, the Company had $3.3 million of contract liabilities associated with customer deposits and services. During the six months ended December 31, 2023, $1.2 million was recognized as revenue. As of December 31, 2023, total contract liabilities associated with customer deposits and services of $4.7 million were reported in Accrued expenses and other current liabilities and Other long-term liabilities on the condensed consolidated balance sheet, and $2.2 million is expected to be recognized as revenue during the remainder of the year ending June 30, 2024.