XML 32 R15.htm IDEA: XBRL DOCUMENT
v3.22.1

Goodwill and Intangibles | 3 Months Ended
--- | ---
Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles [Text Block] | Goodwill and Other Intangibles Changes in the Company's goodwill during the three months ended April 2, 2022 and April 3, 2021, by segment, are summarized below:
(in millions) | Propulsion |  |  |  |  |  | Parts & Accessories |  | Boat |  | Total
December 31, 2021 | $ | 14.7 |  |  |  |  |  |  | $ | 814.9 |  |  | $ | 58.8 |  |  | $ | 888.4 |
Adjustments | — |  |  |  |  |  |  | 0.7 |  |  | 0.3 |  |  | 1.0 |
April 2, 2022 | $ | 14.7 |  |  |  |  |  |  | $ | 815.6 |  |  | $ | 59.1 |  |  | $ | 889.4 |
December 31, 2020 | $ | 15.3 |  |  |  |  |  |  | $ | 372.5 |  |  | $ | 29.9 |  |  | $ | 417.7 |
Acquisitions | — |  |  |  |  |  |  | — |  |  | 5.3 |  |  | 5.3 |
Adjustments | (0.3) |  |  |  |  |  |  | — |  |  | — |  |  | (0.3) |
April 3, 2021 | $ | 15.0 |  |  |  |  |  |  | $ | 372.5 |  |  | $ | 35.2 |  |  | $ | 422.7 |
Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. In addition, adjustments during the three months ended April 2, 2022 also include $1.9 million purchase accounting adjustments from 2021 acquisitions. There was no accumulated impairment loss on Goodwill as of April 2, 2022, December 31, 2021 or April 3, 2021. The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of April 2, 2022, December 31, 2021 and April 3, 2021, are summarized by intangible asset type below:
| April 2, 2022 |  | December 31, 2021 |  | April 3, 2021
(in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 889.1 |  |  | $ | (351.9) |  |  | $ | 889.4 |  |  | $ | (340.9) |  |  | $ | 687.7 |  |  | $ | (314.3) |
Trade names | 305.9 |  |  | — |  |  | 306.1 |  |  | — |  |  | 166.2 |  |  | — |
Developed technology | 160.0 |  |  | (5.3) |  |  | 160.0 |  |  | (2.7) |  |  | — |  |  | — |
Other | 64.1 |  |  | (23.5) |  |  | 62.0 |  |  | (21.8) |  |  | 18.5 |  |  | (13.8) |
Total | $ | 1,419.1 |  |  | $ | (380.7) |  |  | $ | 1,417.5 |  |  | $ | (365.4) |  |  | $ | 872.4 |  |  | $ | (328.1) |
Other intangible assets primarily consist of software, 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 $15.9 million and $8.0 million for the three months ended April 2, 2022 and April 3, 2021, respectively. The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of April 2, 2022, December 31, 2021 and April 3, 2021, are summarized by segment below:
| April 2, 2022 |  | December 31, 2021 |  | April 3, 2021
(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 & Accessories | 1,135.3 |  |  | (167.8) |  |  | 1,134.8 |  |  | (153.4) |  |  | 618.7 |  |  | (119.9) |
Boat | 260.3 |  |  | (211.2) |  |  | 260.1 |  |  | (210.5) |  |  | 252.7 |  |  | (207.7) |
Corporate | 22.5 |  |  | (1.2) |  |  | 21.6 |  |  | (1.0) |  |  | — |  |  | — |
Total | $ | 1,419.1 |  |  | $ | (380.7) |  |  | $ | 1,417.5 |  |  | $ | (365.4) |  |  | $ | 872.4 |  |  | $ | (328.1) |
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 three months ended April 2, 2022 or April 3, 2021.

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

X
- 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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration