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Goodwill and Other Intangibles | 12 Months Ended
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Dec. 31, 2011
Goodwill and Other Intangibles [Abstract] |
Goodwill and Trade Name Impairments | Note 9 – Goodwill and Other Intangibles A summary of changes in the Company's goodwill during the period ended December 31, 2011, by segment follows:
|  | December 31, |  |  |  |  |  |  |  |  |  |  |  | December 31, |
(in millions) |  | 2010 |  |  | Acquisitions |  |  | Impairments |  |  | Adjustments |  |  | 2011 |
Marine Engine |  | $ | 20.2 |  |  | $ | - |  |  | $ | - |  |  | $ | 0.2 |  |  | $ | 20.4 |
Fitness |  |  | 270.7 |  |  |  | - |  |  |  | - |  |  |  | (0.8 | ) |  |  | 269.9 |
Total |  | $ | 290.9 |  |  | $ | - |  |  | $ | - |  |  | $ | (0.6 | ) |  | $ | 290.3 |
A summary of changes in the Company's goodwill during the period ended December 31, 2010, by segment follows:
|  | December 31, |  |  |  |  |  |  |  |  |  |  |  | December 31, |
(in millions) |  | 2009 |  |  | Acquisitions |  |  | Impairments |  |  | Adjustments |  |  | 2010 |
Marine Engine |  | $ | 20.3 |  |  | $ | - |  |  | $ | - |  |  | $ | (0.1 | ) |  | $ | 20.2 |
Fitness |  |  | 272.2 |  |  |  | - |  |  |  | - |  |  |  | (1.5 | ) |  |  | 270.7 |
Total |  | $ | 292.5 |  |  | $ | - |  |  | $ | - |  |  | $ | (1.6 | ) |  | $ | 290.9 |
Adjustments in 2011 and 2010 relate to the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. A summary of changes in the Company's trade names, included within Other intangibles, net on the Consolidated Balance Sheets during the period ended December 31, 2011, by segment follows:
|  | December 31, |  |  |  |  |  |  |  |  |  |  |  | December 31, |
(in millions) |  | 2010 |  |  | Acquisitions |  |  | Impairments |  |  | Adjustments |  |  | 2011 |
Marine Engine |  | $ | 19.8 |  |  | $ | - |  |  | $ | - |  |  | $ | 0.1 |  |  | $ | 19.9 |
Boat |  |  | 11.1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 11.1 |
Fitness |  |  | 0.5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 0.5 |
Total |  | $ | 31.4 |  |  | $ | - |  |  | $ | - |  |  | $ | 0.1 |  |  | $ | 31.5 |
A summary of changes in the Company's trade names during the period ended December 31, 2010, by segment follows:
|  | December 31, |  |  |  |  |  |  |  |  |  |  |  | December 31, |
(in millions) |  | 2009 |  |  | Acquisitions |  |  | Impairments |  |  | Adjustments |  |  | 2010 |
Marine Engine |  | $ | 20.3 |  |  | $ | - |  |  | $ | - |  |  | $ | (0.5 | ) |  | $ | 19.8 |
Boat |  |  | 12.2 |  |  |  | - |  |  |  | (1.1 | ) |  |  | - |  |  |  | 11.1 |
Fitness |  |  | 0.5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 0.5 |
Total |  | $ | 33.0 |  |  | $ | - |  |  | $ | (1.1 | ) |  | $ | (0.5 | ) |  | $ | 31.4 |
Adjustments in 2011 and 2010 primarily relate to the effect of foreign currency translation on trade names denominated in currencies other than the U.S. dollar. Other intangibles consist of the following:
|  | December 31, 2011 |  |  | December 31, 2010 |
|  | Gross |  |  | Accumulated |  |  | Gross |  |  | Accumulated |
(in millions) |  | Amount |  |  | Amortization |  |  | Amount |  |  | Amortization |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 234.2 |  |  | $ | (218.4 | ) |  | $ | 243.2 |  |  | $ | (221.8 | )
Other |  |  | 19.2 |  |  |  | (17.3 | ) |  |  | 23.0 |  |  |  | (19.1 | )
Total |  | $ | 253.4 |  |  | $ | (235.7 | ) |  | $ | 266.2 |  |  | $ | (240.9 | )
Other amortized intangible assets include patents, non-compete agreements and other intangible assets. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $7.3 million, $9.8 million and $11.2 million for the years ended December 31, 2011, 2010 and 2009, respectively. Estimated amortization expense for intangible assets is approximately $5 million for the year ending December 31, 2012, approximately $4 million in 2013, approximately $3 million in 2014, approximately $2 million in 2015, and approximately $2 million in 2016.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16373-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13854-109267 + Details
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