REVENUE RECOGNITION

12 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

2. REVENUE RECOGNITION

The following tables present the Company’s net sales by major product category for each reportable segment.

	Year Ended June 30, 2024
	MasterCraft		Pontoon		Aviara		Total
Major Product Categories:
Boats and trailers	$	245,963	$	57,832	$	44,237	$	348,032
Parts		13,567		1,242		—		14,809
Other revenue		3,206		541		—		3,747
Total	$	262,736	$	59,615	$	44,237	$	366,588

	Year Ended June 30, 2023
	MasterCraft		Pontoon		Aviara		Total
Major Product Categories:
Boats and trailers	$	452,903	$	139,654	$	52,143	$	644,700
Parts		13,922		1,070		—		14,992
Other revenue		1,831		523		—		2,354
Total	$	468,656	$	141,247	$	52,143	$	662,046

	For Year Ended June 30, 2022
	MasterCraft		Pontoon		Aviara		Total
Major Product Categories:
Boats and trailers	$	450,734	$	138,841	$	34,723	$	624,298
Parts		13,170		962		—		14,132
Other revenue		2,123		1,056		—		3,179
Total	$	466,027	$	140,859	$	34,723	$	641,609

For fiscal 2024, the Company’s top ten dealers accounted for approximately 40% of our net sales and one of our dealers individually accounted for 15.1%, or approximately $55.5 million. For fiscal 2023, the Company’s top ten dealers accounted for approximately 40% of our net sales and one of our dealers individually accounted for 14.9% or approximately $98.6 million. For fiscal 2022, the Company’s top ten dealers accounted for approximately 30% of our net sales and none of our dealers individually accounted for more than 10% of our total net sales.

On a consolidated basis, sales outside of North America accounted for 5.9%, 4.6%, and 5.5% of the Company’s net sales for the years ended June 30, 2024, 2023, and 2022, respectively. The Company had no significant concentrations of sales to individual dealers or in countries outside of North America during the years ended June 30, 2024, 2023, and 2022.

Contract Liabilities

As of June 30, 2024, the Company had $4.1 million of contract liabilities associated with customer deposits and telematic services reported in Accrued expenses and other current liabilities and Other long-term liabilities on the consolidated balance sheet. The Company expects to recognize $2.0 million of this amount during the year ending June 30, 2025, and $2.1 million thereafter. As of June 30, 2023, total contract liabilities were $3.3 million. During the year ended June 30, 2024, $1.5 million of this amount was recognized as revenue.

See Note 1 for a description of the Company’s significant revenue recognition policies and Note 14 for a description of the Company’s segments.