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Restructuring, Exit and Integration Activities | Apr. 01, 2023
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Restructuring and Related Activities [Abstract] |
Restructuring, Exit and Integration Activities [Text Block] | Restructuring, Exit and Impairment Activities The Company recorded restructuring, exit and impairment charges in the Condensed Consolidated Statements of Comprehensive Income in 2023. During the three months ended April 1, 2023, the Company recorded restructuring charges within the Engine P&A, Navico Group, Boat and Corporate segments related to headcount reductions and related costs associated with streamlining the enterprise-wide cost structure and improving operating efficiencies. The Company estimates approximately $16 million of charges, primarily within the Navico Group, Boat and Corporate segments, will be incurred related to these actions during 2023. The following table is a summary of expenses for the three months ended April 1, 2023:
(in millions) | Engine P&A |  | Navico Group |  | Boat |  | Corporate |  | Total |  |  |  |  |  |  |  |
Restructuring, exit and impairment activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee termination and other benefits | $ | 0.7 |  |  | $ | 2.4 |  |  | $ | 1.4 |  |  | $ | 0.7 |  |  | $ | 5.2 |  |  |  |  |  |  |  |  |
Asset-related | — |  |  | 1.2 |  |  | — |  |  | — |  |  | 1.2 |  |  |  |  |  |  |  |  |
Professional fees | — |  |  | — |  |  | — |  |  | 3.1 |  |  | 3.1 |  |  |  |  |  |  |  |  |
Total restructuring, exit and impairment charges | $ | 0.7 |  |  | $ | 3.6 |  |  | $ | 1.4 |  |  | $ | 3.8 |  |  | $ | 9.5 |  |  |  |  |  |  |  |  |
Total cash payments for restructuring, exit and impairment charges (A) | $ | 0.2 |  |  | $ | 1.3 |  |  | $ | 0.7 |  |  | $ | 0.3 |  |  | $ | 2.5 |  |  |  |  |  |  |  |  |
Accrued charges at end of the period (B) | $ | 0.5 |  |  | $ | 5.2 |  |  | $ | 0.7 |  |  | $ | 3.5 |  |  | $ | 9.9 |  |  |  |  |  |  |  |  |
(A) Cash payments for the three months ended April 1, 2023 may include payments related to prior period charges. (B) Restructuring, exit and impairment charges accrued as of April 1, 2023 are expected to be paid in the next twelve months.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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