SEGMENT INFORMATION

12 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

14. SEGMENT INFORMATION

During the fourth quarter of fiscal 2024, the Company changed the name of its “Crest” operating segment to “Pontoon.” The segment name change had no impact on the composition of the Company's segments or on previously reported financial position, results of operations, cash flows or segment operating results.

Operating segments are identified as components of an enterprise about which discrete financial information is available for evaluation by the CODM in making decisions on how to allocate resources and assess performance. For the year ended June 30, 2024, the Company’s CODM regularly assessed the operating performance of the Company’s boat brands under three operating and reportable segments:

•The MasterCraft segment produces boats at its Vonore, Tennessee facility. These are premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.

•The Pontoon segment produces pontoon boats at its Owosso, Michigan facility. Pontoon boats are primarily used for general recreational boating.

•The Aviara segment produces luxury day boats at its Merritt Island, Florida facility. Aviara boats are primarily used for general recreational boating.

Each segment distributes its products through its own independent dealer network. Each segment also has its own management structure which is responsible for the operations of the segment and is directly accountable to the CODM for the operating performance of the segment, which is regularly assessed by the CODM who allocates resources based on that performance.

The Company files a consolidated income tax return and does not allocate income taxes and other corporate-level expenses, including interest, to operating segments. All material corporate costs are included in the MasterCraft segment.

Selected financial information for the Company’s reportable segments was as follows:

	For the Year Ended June 30, 2024
	MasterCraft		Pontoon			Aviara			Consolidated
Net sales	$	262,736	$	59,615		$	44,237		$	366,588
Operating income (loss)		29,573		(2,097	)		(19,844	)		7,632
Depreciation and amortization		5,109		3,266			2,807			11,182
Impairments		—		—			9,827			9,827
Purchases of property, plant and equipment		7,912		2,613			5,836			16,361

	For the Year Ended June 30, 2023
	MasterCraft		Pontoon		Aviara			Consolidated
Net sales	$	468,656	$	141,247	$	52,143		$	662,046
Operating income (loss)		101,324		20,106		(4,515	)		116,915
Depreciation and amortization		5,555		2,841		2,173			10,569
Purchases of property, plant and equipment		17,414		7,149		5,760			30,323

	For the Year Ended June 30, 2022
	MasterCraft		Pontoon		Aviara			Consolidated
Net sales	$	466,027	$	140,859	$	34,723		$	641,609
Operating income (loss)		105,341		19,892		(9,038	)		116,195
Depreciation and amortization		4,968		2,665		2,098			9,731
Impairment		—		—		1,100			1,100
Purchases of property, plant and equipment		6,642		4,193		1,461			12,296

The following table presents total assets for the Company’s reportable segments as of June 30, 2024 and 2023.

	June 30, 2024		June 30, 2023
Assets:
MasterCraft	$	233,088	$	259,201
Pontoon		51,994		53,435
Aviara		32,902		41,340
Total assets	$	317,984	$	353,976