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Quarterly Data (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of quarterly financial information |
| Quarter Ended |  |
(in millions, except per share data) | March 28, 2020 |  | June 27, 2020 |  | September 26, 2020 |  | December 31, 2020 |  | Year Ended December 31, 2020
Net sales | $ | 965.5 |  |  | $ | 987.8 |  |  | $ | 1,233.1 |  |  | $ | 1,161.1 |  |  | $ | 4,347.5 |
Gross margin | 243.8 |  |  | 256.0 |  |  | 376.9 |  |  | 336.3 |  |  | 1,213.0 |
Restructuring, exit and impairment charges (C) | 0.4 |  |  | 2.1 |  |  | 1.8 |  |  | (0.2) |  |  | 4.1 |
Pension settlement benefit (charge) (D) | — |  |  | 1.3 |  |  | (0.2) |  |  | — |  |  | 1.1 |
Net earnings from continuing operations (E) | 70.7 |  |  | 71.2 |  |  | 136.8 |  |  | 96.0 |  |  | 374.7 |
Net (loss) earnings from discontinued operations, net of tax | (1.7) |  |  | (0.5) |  |  | 1.1 |  |  | (0.9) |  |  | (2.0) |
Net earnings | 69.0 |  |  | 70.7 |  |  | 137.9 |  |  | 95.1 |  |  | 372.7 |
Basic earnings (loss) per common share: |  |  |  |  |  |  |  |  |
Net earnings from continuing operations | $ | 0.88 |  |  | $ | 0.89 |  |  | $ | 1.72 |  |  | $ | 1.22 |  |  | $ | 4.73 |
Net (loss) earnings from discontinued operations | (0.02) |  |  | (0.00) |  |  | 0.02 |  |  | (0.01) |  |  | (0.03) |
Net earnings | $ | 0.86 |  |  | $ | 0.89 |  |  | $ | 1.74 |  |  | $ | 1.21 |  |  | $ | 4.70 |
Diluted earnings (loss) per common share: |  |  |  |  |  |  |  |  |
Net earnings from continuing operations | $ | 0.88 |  |  | $ | 0.89 |  |  | $ | 1.71 |  |  | $ | 1.22 |  |  | $ | 4.70 |
Net (loss) earnings from discontinued operations | (0.02) |  |  | (0.00) |  |  | 0.02 |  |  | (0.02) |  |  | (0.02) |
Net earnings | $ | 0.86 |  |  | $ | 0.89 |  |  | $ | 1.73 |  |  | $ | 1.20 |  |  | $ | 4.68 |
Dividends declared | $ | 0.24 |  |  | $ | 0.24 |  |  | $ | 0.24 |  |  | $ | 0.27 |  |  | $ | 0.99 |
Common stock price (NYSE symbol: BC): |  |  |  |  |  |  |  |  |
High | $ | 66.32 |  |  | $ | 67.39 |  |  | $ | 73.99 |  |  | $ | 84.00 |  |  | $ | 84.00 |
Low | $ | 25.22 |  |  | $ | 25.61 |  |  | $ | 56.50 |  |  | $ | 58.74 |  |  | $ | 25.22 |
| Quarter Ended |  |
(in millions, except per share data) | March 30, 2019 |  | June 29, 2019 |  | September 28, 2019 |  | December 31, 2019 |  | Year Ended December 31, 2019
Net sales (A) | $ | 1,050.7 |  |  | $ | 1,163.5 |  |  | $ | 976.6 |  |  | $ | 917.6 |  |  | $ | 4,108.4 |
Gross margin (B) | 279.5 |  |  | 328.0 |  |  | 276.9 |  |  | 236.6 |  |  | 1,121.0 |
Restructuring, exit and impairment charges (C) | 3.2 |  |  | 5.4 |  |  | 7.4 |  |  | 2.8 |  |  | 18.8 |
Pension settlement (charge) benefit (D) | — |  |  | — |  |  | (294.1) |  |  | 1.3 |  |  | (292.8) |
Net earnings (loss) from continuing operations (E) | 76.2 |  |  | 112.1 |  |  | (232.9) |  |  | 75.0 |  |  | 30.4 |
Net loss from discontinued operations, net of tax | (112.5) |  |  | (34.6) |  |  | (6.4) |  |  | (7.9) |  |  | (161.4) |
Net (loss) earnings | (36.3) |  |  | 77.5 |  |  | (239.3) |  |  | 67.1 |  |  | (131.0) |
Basic earnings (loss) per common share: |  |  |  |  |  |  |  |  |
Net earnings (loss) from continuing operations | $ | 0.87 |  |  | $ | 1.29 |  |  | $ | (2.74) |  |  | $ | 0.92 |  |  | $ | 0.36 |
Net loss from discontinued operations | (1.29) |  |  | (0.40) |  |  | (0.08) |  |  | (0.10) |  |  | (1.90) |
Net (loss) earnings | $ | (0.42) |  |  | $ | 0.89 |  |  | $ | (2.82) |  |  | $ | 0.82 |  |  | $ | (1.54) |
Diluted earnings (loss) per common share: |  |  |  |  |  |  |  |  |
Net earnings (loss) from continuing operations | $ | 0.87 |  |  | $ | 1.28 |  |  | $ | (2.74) |  |  | $ | 0.92 |  |  | $ | 0.36 |
Net loss from discontinued operations | (1.29) |  |  | (0.39) |  |  | (0.08) |  |  | (0.10) |  |  | (1.89) |
Net (loss) earnings | $ | (0.42) |  |  | $ | 0.89 |  |  | $ | (2.82) |  |  | $ | 0.82 |  |  | $ | (1.53) |
Dividends declared | $ | 0.21 |  |  | $ | 0.21 |  |  | $ | 0.21 |  |  | $ | 0.24 |  |  | $ | 0.87 |
Common stock price (NYSE symbol: BC): |  |  |  |  |  |  |  |  |
High | $ | 55.35 |  |  | $ | 54.76 |  |  | $ | 54.75 |  |  | $ | 62.23 |  |  | $ | 62.23 |
Low | $ | 44.89 |  |  | $ | 41.02 |  |  | $ | 42.57 |  |  | $ | 49.36 |  |  | $ | 41.02 |
(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. (B) Gross margin is defined as Net sales less Cost of sales (COS) as presented in the Consolidated Statements of Operations. During 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. (C) Restructuring, exit, integration and impairment charges are discussed in Note 4 – Restructuring, Exit and Impairment Activities. (D) Pension settlement charges are discussed in Note 17 – Postretirement Benefits (E) During the first, second, third and fourth quarter and full-year of 2020, Net earnings (loss) from continuing operations inclu des $6.9 million, $7.0 million, $6.5 million, $7.2 million and $27.6 million, res pectively, related to purchase accounting amortization, IT transformation costs, and acquisition-related costs, related to the purchase of Power products and Freedom Boat Club. Net earnings (loss) from continuing operations also includes $(0.3) million, $0.4 million, $(0.7) million, $0.9 million and $0.3 million related to discrete tax items. During the first, second, third and fourth quarter and full-year ended 2019, Net earnings (loss) from continuing operations includ es $5.7 million, $9.0 million, $6.1 million, $8.2 million and $29.0 million, respec tively, related to SYY, purchase accounting amortization, IT transformation costs, and acquisition-related costs, related to the purchase of Power products and Freedom Boat Club. Refer to Note 5 – Acquisitions for further details. 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. In the third quarter and full-year of 2019, the Company had a loss of extinguishment of debt, net of tax, of $0.8 million.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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