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Quarterly Data (unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |  |
Quarterly Data (unaudited) | Quarterly Data (unaudited) The Company maintains its financial records on the basis of a fiscal year ended on December 31, with the fiscal quarters spanning approximately thirteen weeks. The first quarter ends on the Saturday closest to the end of the first thirteen-week period. The second and third quarters are thirteen weeks in duration and the fourth quarter is the remainder of the year. The first three quarters of fiscal year 2020 ended on March 28, 2020, June 27, 2020, and September 26, 2020, and the first three quarters of fiscal year 2019 ended on March 30, 2019, June 29, 2019, and September 28, 2019.
| 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. | [1],[2]
[1] | (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.
[2] | (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.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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