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Quarterly Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2019 | Sep. 28, 2019 | Jun. 29, 2019 | Mar. 30, 2019 | Dec. 31, 2018 | Sep. 29, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Basic Earnings Per Common Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings from Continuing Operations (in Dollars Per Share) | $ 0.92 |  | $ (2.74) |  | $ 1.29 |  | $ 0.87 |  | $ 0.53 |  | $ 0.86 |  | $ 0.78 |  | $ 0.72 |  | $ 0.36 |  | $ 2.89 |  | $ 1.13
Net Earnings (Loss) from Discontinued Operations (in Dollars Per Share) | (0.10) |  | (0.08) |  | (0.40) |  | (1.29) |  | (0.03) |  | (0.06) |  | 0.12 |  | 0.11 |  | (1.90) |  | 0.14 |  | 0.51
Net Earnings (in Dollars per Share) | 0.82 |  | (2.82) |  | 0.89 |  | (0.42) |  | 0.50 |  | 0.80 |  | 0.90 |  | 0.83 |  | (1.54) |  | 3.03 |  | 1.64
Diluted Earnings Per Common Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Earnings (Loss) from Continuing Operations (in Dollars per Share) | 0.92 |  | (2.74) |  | 1.28 |  | 0.87 |  | 0.53 |  | 0.86 |  | 0.77 |  | 0.72 |  | 0.36 |  | 2.87 |  | 1.12
Net Earnings (Loss) from Discontinued Operations (in Dollars per Share) | (0.10) |  | (0.08) |  | (0.39) |  | (1.29) |  | (0.04) |  | (0.06) |  | 0.13 |  | 0.10 |  | (1.89) |  | 0.14 |  | 0.50
Net Earnings (in Dollars per Share) | 0.82 |  | (2.82) |  | 0.89 |  | (0.42) |  | 0.49 |  | 0.80 |  | 0.90 |  | 0.82 |  | (1.53) |  | 3.01 |  | 1.62
Dividends Declared | 0.24 |  | 0.21 |  | 0.21 |  | 0.21 |  | 0.21 |  | 0.19 |  | 0.19 |  | 0.19 |  | 0.87 |  | 0.78 |  | $ 0.685
Common Stock Price [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High | 62.23 |  | 54.75 |  | 54.76 |  | 55.35 |  | 67.92 |  | 69.82 |  | 69.27 |  | 64.45 |  | 62.23 |  | 69.82 |  |
Low | $ 49.36 |  | $ 42.57 |  | $ 41.02 |  | $ 44.89 |  | $ 41.92 |  | $ 61.78 |  | $ 54.76 |  | $ 55.35 |  | $ 41.02 |  | $ 41.92 |  |
Field Campaigns Charges [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales | $ 917.6 |  | $ 976.6 |  | $ 1,163.5 | [1] | $ 1,050.7 |  | $ 961.1 | [1] | $ 1,044.1 | [1] | $ 1,148.7 | [1] | $ 967.0 | [1] | $ 4,108.4 | [1] | $ 4,120.9 | [1] | $ 3,802.2
Gross margin | 236.6 | [2] | 276.9 |  | 328.0 | [2] | 279.5 |  | 244.4 | [2] | 278.3 | [2] | 281.2 | [2] | 243.1 | [2] | 1,121.0 | [2] | 1,047.0 | [2] |
Restructuring, Exit and Impairment Charges | 2.8 | [3] | 7.4 | [3] | 5.4 | [3] | 3.2 | [3] | 8.6 | [3] | 9.4 | [3] | 34.2 | [3] | 2.6 | [3] | 18.8 | [3] | 54.8 | [3] | 48.6
Pension Settlement Charge | (1.3) | [4] | 294.1 | [4] | 0.0 |  | 0.0 |  |  |  |  |  |  |  |  |  | (292.8) | [4] | 0.0 |  | (96.6)
Net Earnings from Continuing Operations | 75.0 | [5] | (232.9) | [5] | 112.1 | [5] | 76.2 | [5] | 46.3 | [5] | 75.2 | [5] | 68.1 | [5] | 63.8 | [5] | 30.4 | [5] | 253.4 | [5] | 101.3
Net (Loss) Earnings from Discontinued Operations, Net of Tax | (7.9) |  | (6.4) |  | (34.6) |  | (112.5) |  | (2.9) |  | (5.2) |  | 10.9 |  | 9.1 |  | (161.4) |  | 11.9 |  | 45.1
Net Earnings (Loss) | 67.1 |  | (239.3) |  | 77.5 |  | (36.3) |  | 43.4 |  | 70.0 |  | 79.0 |  | 72.9 |  | (131.0) |  | 265.3 |  | 146.4
Cost of Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,987.4 |  | 3,073.9 |  | $ 2,853.6
Gain (Loss) on Sale of Equity Investments |  |  |  |  |  |  |  |  | 1.8 |  |  |  |  |  |  |  |  |  | 2.3 |  |
Special Tax Items Charge (Benefit) | (14.8) |  | (2.5) |  | 1.8 |  | (1.7) |  | 0.3 |  | (10.7) |  | (1.1) |  | 6.7 |  | (17.2) |  | (4.8) |  |
Adjusted [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Field Campaigns Charges [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Earnings from Continuing Operations | 8.2 |  | 6.1 |  | 9.0 |  | $ 5.7 |  | 16.9 |  | 25.0 |  | 23.3 |  | 6.4 |  | 29.0 |  | 71.6 |  |
Sport Yacht and Yacht [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Field Campaigns Charges [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  |  |  | (0.7) |  |  |  | 5.4 |  | 9.0 |  | 19.9 |  | 15.1 |  | (0.7) |  | 49.4 |  |
Cost of Sales | 3.9 |  |  |  | $ 3.2 |  |  |  | 10.0 |  | 17.3 |  | 43.1 |  | 18.7 |  | 7.1 |  | 89.1 |  |
Power Products [Member] | Cost of Sales [Member] | Power Products [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Field Campaigns Charges [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transaction Costs |  |  |  |  |  |  |  |  | (4.6) |  | (4.6) |  |  |  |  |  |  |  | (9.2) |  |
Power Products [Member] | Selling, General and Administrative Expenses [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Field Campaigns Charges [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transaction Costs |  |  |  |  |  |  |  |  | $ 0.0 | [6] | $ (5.1) |  | $ 0.0 |  | $ 0.0 |  |  |  | $ (5.1) | [6] |
Senior Notes Due 2021 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Field Campaigns Charges [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Extinguishment of Debt, Gain (Loss), Net of Tax | $ (0.1) |  | $ 0.7 |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 0.6 |  |  |  |
[1] | (A) In the second quarter of 2018, the Company announced its intention to wind down Sport Yacht & Yachts (SYY) operations. During the second quarter and the full-year of 2019, SYY had Net sales of $(0.7) million. During the first, second, third and fourth quarters and the full-year of 2018, SYY had Net sales of $15.1 million, $19.9 million, $9.0 million, $5.4 million and $49.4 million, respectively
[2] | (B) Gross margin is defined as Net sales less Cost of sales (COS) as presented in the Consolidated Statements of Operations. In the second and fourth quarter and the full-year of 2019, the company recorded $3.2 million, $3.9 million and $7.1 million in COS, respectively, related to SYY. During the first, second, third and fourth quarter and the full-year of 2018, the Company recorded $18.7 million, $43.1 million, $17.3 million, $10.0 million and $89.1 million in COS, respectively, related to SYY. During the third and fourth quarter and the full-year of 2018, the company recorded $4.6 million, $4.6 million and $9.2 million in COS, respectively, of purchase accounting amortization related to the purchase of Power Products.
[3] | (C) Restructuring, exit, integration and impairment charges are discussed in Note 4 – Restructuring, Exit and Impairment Activities.
[4] | (D) Pension settlement charges are discussed in Note 17 – Postretirement Benefits.
[5] | (F) During the first, second, third and fourth quarter and full-year of 2019, Net (loss) earnings from continuing operations includes $5.7 million, $9.0 million, $6.1 million, $8.2 million and $29.0 million, respectively, related to SYY, IT transformation costs, purchase accounting amortization and acquisition-related costs, related to the purchase of Freedom Boat Club and Power Products. Net earnings (loss) from continuing operations also includes $(1.7) million, $1.8 million, $(2.5) million, $(14.8) million and $(17.2) million related to discrete tax items. During the first, second, third and fourth quarter and full-year ended 2018, Net earnings from continuing operations includes $6.4 million, $23.3 million, $25.0 million, $16.9 million and $71.6 million, respectively, related to SYY, purchase accounting amortization and acquisition-related costs. Refer to Note 5 – Acquisitions for further details. Net earnings from continuing operations also includes $6.7 million, $(1.1) million, $(10.7) million, $0.3 million and $(4.8) million related to discrete tax items. In the third and fourth quarter and full-year of 2019, the Company had a loss (gain) of extinguishment of debt, net of tax, of $0.7 million, $(0.1) million and $0.6 million, respectively. In the fourth quarter of 2018, the Company sold its non-controlling interest in a marine joint venture and recorded a gain of $1.8 million, net of tax, within Equity earnings.
[6] | (E) In the third quarter and full-year of 2018, the company recorded $5.1 million of Transaction financing charges related to the acquisition of Power Products.

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