XML 30 R9.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Restructuring, Exit and Integration Activities | 3 Months Ended
--- | ---
Mar. 31, 2018
Restructuring and Related Activities [Abstract] |
Restructuring, Exit and Integration Activities [Text Block] | Restructuring, Exit, Integration and Impairment Activities In the first quarter of 2018, the Company implemented further headcount reductions in the Fitness segment aimed at improving general operating efficiencies. In the first quarter of 2018 and 2017, the Company executed certain integration activities within the Fitness segment related to its acquisition of Cybex International, Inc. In the first quarter of 2017, the Company announced the closure of its boat manufacturing facility in Joinville, Santa Catarina, Brazil, as a result of continued market weakness due partially to unfavorable foreign currency impacts in the region. As a result, the Company recorded restructuring, exit, integration and impairment charges, including the write-down of inventory. The facility manufactured certain Bayliner and Sea Ray boat models for the Latin American market. The long-lived assets at this facility were previously fully impaired. In the first quarter of 2017, the Company recorded restructuring, exit, integration and impairment charges within Corporate related to the transition of certain corporate officers. The Company recorded restructuring, exit, integration and impairment charges in the Condensed Consolidated Statements of Comprehensive Income as a result of the activities described above. The following table is a summary of the expense associated with the restructuring, exit, integration and impairment activities for the three months ended March 31, 2018 and April 1, 2017, as discussed above:
| March 31, 2018 |  | April 1, 2017
(in millions) | Fitness |  | Total |  | Corporate |  | Fitness |  | Boat |  | Total
Restructuring and exit activities: |  |  |  |  |  |  |  |  |  |  |
Employee termination and other benefits | $ | 0.8 |  |  | $ | 0.8 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 1.1 |  |  | $ | 3.5 |
Current asset write-downs (gains on disposal) | (0.4 | ) |  | (0.4 | ) |  | — |  |  | — |  |  | 2.2 |  |  | 2.2 |
Professional fees | — |  |  | — |  |  | — |  |  | — |  |  | 0.2 |  |  | 0.2 |
Integration activities: |  |  |  |  |  |  |  |  |  |  |
Employee termination and other benefits | 0.0 |  |  | 0.0 |  |  | — |  |  | 1.1 |  |  | — |  |  | 1.1 |
Professional fees | 0.7 |  |  | 0.7 |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |
Other | 0.1 |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Total restructuring, exit, integration and impairment charges | $ | 1.2 |  |  | $ | 1.2 |  |  | $ | 2.4 |  |  | $ | 2.4 |  |  | $ | 3.5 |  |  | $ | 8.3 |
Total cash payments for restructuring, exit, integration and impairment charges (A) | $ | 2.0 |  |  | $ | 2.3 |  |  | $ | 0.6 |  |  | $ | 3.5 |  |  | $ | 0.6 |  |  | $ | 4.7 |
Accrued charges at end of the period (B) | $ | 4.4 |  |  | $ | 4.6 |  |  | $ | 1.1 |  |  | $ | 2.8 |  |  | $ | 1.2 |  |  | $ | 5.1 |
(A) Total cash payments for the three months ended March 31, 2018 also include $0.3 million of payments for Corporate restructuring, exit, integration and impairment charges. Cash payments may include payments related to prior period charges. (B) Restructuring, exit, integration and impairment charges accrued as of March 31, 2018 also include $0.2 million of Corporate charges. All of the accrued charges are expected to be paid during 2018.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration