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Goodwill and Intangibles | 6 Months Ended
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Jul. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles [Text Block] | Goodwill and Other Intangibles Changes in the Company's goodwill during the six months ended July 3, 2021 and June 27, 2020, by segment, are summarized below:
(in millions) | Propulsion |  |  |  |  |  | Parts and Accessories |  | Boat |  | Total
December 31, 2020 | $ | 15.3 |  |  |  |  |  |  | $ | 372.5 |  |  | $ | 29.9 |  |  | $ | 417.7 |
Acquisitions | — |  |  |  |  |  |  | — |  |  | 16.8 |  |  | 16.8 |
Adjustments | (0.2) |  |  |  |  |  |  | — |  |  | — |  |  | (0.2) |
July 3, 2021 | $ | 15.1 |  |  |  |  |  |  | $ | 372.5 |  |  | $ | 46.7 |  |  | $ | 434.3 |
December 31, 2019 | $ | 14.5 |  |  |  |  |  |  | $ | 371.9 |  |  | $ | 28.6 |  |  | $ | 415.0 |
Adjustments | (0.2) |  |  |  |  |  |  | (0.3) |  |  | 0.9 |  |  | 0.4 |
June 27, 2020 | $ | 14.3 |  |  |  |  |  |  | $ | 371.6 |  |  | $ | 29.5 |  |  | $ | 415.4 |
Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. Adjustments in the Boat segment for the six months ended June 27, 2020 relate to finalizing purchase accounting related to the Freedom Boat Club acquisition, primarily related to deferred taxes. There was no accumulated impairment loss on Goodwill as of July 3, 2021, December 31, 2020 or June 27, 2020. The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of July 3, 2021, December 31, 2020 and June 27, 2020, are summarized by intangible asset type below:
| July 3, 2021 |  | December 31, 2020 |  | June 27, 2020
(in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 687.6 |  |  | $ | (322.3) |  |  | $ | 687.7 |  |  | $ | (306.4) |  |  | $ | 686.6 |  |  | $ | (290.2) |
Trade names | 166.3 |  |  | — |  |  | 166.2 |  |  | — |  |  | 165.6 |  |  | — |
Other | 18.5 |  |  | (13.8) |  |  | 18.5 |  |  | (13.7) |  |  | 18.3 |  |  | (13.2) |
Total | $ | 872.4 |  |  | $ | (336.1) |  |  | $ | 872.4 |  |  | $ | (320.1) |  |  | $ | 870.5 |  |  | $ | (303.4) |
Other intangible assets primarily consist of patents and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $8.0 million and $16.0 million for three and six months ended July 3, 2021, respectively. Aggregate amortization expense for intangibles was $8.0 million and $16.0 million for the three and six months ended June 27, 2020, respectively. The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of July 3, 2021, December 31, 2020 and June 27, 2020, are summarized by segment below:
| July 3, 2021 |  | December 31, 2020 |  | June 27, 2020
(in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Propulsion | $ | 1.0 |  |  | $ | (0.5) |  |  | $ | 1.0 |  |  | $ | (0.5) |  |  | $ | 1.0 |  |  | $ | (0.5) |
Parts and Accessories | 618.8 |  |  | (127.4) |  |  | 618.8 |  |  | (112.4) |  |  | 617.0 |  |  | (96.7) |
Boat | 252.6 |  |  | (208.2) |  |  | 252.6 |  |  | (207.2) |  |  | 252.5 |  |  | (206.2) |
Total | $ | 872.4 |  |  | $ | (336.1) |  |  | $ | 872.4 |  |  | $ | (320.1) |  |  | $ | 870.5 |  |  | $ | (303.4) |
The Company tests its intangible assets for impairment during the fourth quarter of each year, or whenever a significant change in events and circumstances (triggering event) occurs that indicates the fair value of intangible assets may be below their carrying values. The Company did not record an impairment charge during the six months ended July 3, 2021 or June 27, 2020.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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