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SEGMENT INFORMATION
 6 Months Ended
Dec. 29, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION

Reportable Segments

During the fourth quarter of fiscal 2024, the Company changed the name of its “Crest” operating segment to “Pontoon.” The segment 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 three and six months ended December 29, 2024, the Company’s CODM regularly assessed the operating performance of the Company’s boat brands under two operating and reportable segments:

•
The MasterCraft segment, consisting of our MasterCraft brand, 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, consisting of our Crest and Balise brands, produces pontoon boats at its Owosso, Michigan facility. Pontoon 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 Three Months Ended December 29, 2024

 

 

 

MasterCraft

 

 

Pontoon

 

 

Consolidated

 

Net sales

 

$

55,097

 

 

$

8,271

 

 

$

63,368

 

Operating income (loss)

 

 

3,379

 

 

 

(3,193

)

 

 

186

 

Depreciation and amortization

 

 

1,453

 

 

 

929

 

 

 

2,382

 

Purchases of property, plant and equipment

 

 

2,228

 

 

 

162

 

 

 

2,390

 

 

 

 

For the Six Months Ended December 29, 2024

 

 

 

MasterCraft

 

 

Pontoon

 

 

Consolidated

 

Net sales

 

$

110,630

 

 

$

18,097

 

 

$

128,727

 

Operating income (loss)

 

 

7,072

 

 

 

(5,882

)

 

 

1,190

 

Depreciation and amortization

 

 

2,642

 

 

 

1,814

 

 

 

4,456

 

Purchases of property, plant and equipment

 

 

3,680

 

 

 

914

 

 

 

4,594

 

 

 

 

For the Three Months Ended December 31, 2023

 

 

 

MasterCraft

 

 

Pontoon

 

 

Consolidated

 

Net sales

 

$

72,699

 

 

$

17,051

 

 

$

89,750

 

Operating income

 

 

10,294

 

 

 

469

 

 

 

10,763

 

Depreciation and amortization

 

 

1,282

 

 

 

816

 

 

 

2,098

 

Purchases of property, plant and equipment

 

 

1,407

 

 

 

314

 

 

 

1,721

 

 

 

 

For the Six Months Ended December 31, 2023

 

 

 

MasterCraft

 

 

Pontoon

 

 

Consolidated

 

Net sales

 

$

148,535

 

 

$

35,520

 

 

$

184,055

 

Operating income

 

 

20,584

 

 

 

732

 

 

 

21,316

 

Depreciation and amortization

 

 

2,583

 

 

 

1,624

 

 

 

4,207

 

Purchases of property, plant and equipment

 

 

3,616

 

 

 

1,178

 

 

 

4,794

 

The following table presents total assets for the Company’s reportable segments.

 

 

 

December 29, 2024

 

 

June 30, 2024

 

Assets:

 

 

 

 

 

 

MasterCraft

 

$

199,794

 

 

$

233,088

 

Pontoon

 

 

50,321

 

 

 

51,994

 

Assets associated with discontinued operations

 

 

—

 

 

 

32,902

 

Total assets

 

$

250,115

 

 

$

317,984