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Restructuring, Exit and Integration Activities | 3 Months Ended
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Apr. 04, 2026
Restructuring and Related Activities [Abstract] |
Restructuring, Exit and Integration Activities [Text Block] | Restructuring, Exit, and Impairment Activities During the three months ended April 4, 2026 and March 29, 2025, the Company recorded restructuring charges related to headcount reductions and related costs associated with streamlining the enterprise-wide cost structure and improving operating efficiencies. The Company also incurred charges related to the rationalization of its manufacturing footprint, including the decision in the third quarter of 2025 to rationalize our fiberglass boat manufacturing footprint and exit our facilities in Reynosa, Mexico and Flagler Beach, Florida and consolidate production from those facilities into existing U.S. facilities. The following table is a summary of these expenses for the three months ended April 4, 2026:
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate |  | Total
Restructuring, exit, and impairment activities: |  |  |  |  |  |  |  |  |  |  |
Employee termination and other benefits | $ | — |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | 1.7 |
Asset-related | — |  |  | — |  |  | — |  |  | 2.0 |  |  | — |  |  | 2.0 |
Professional fees | — |  |  | — |  |  | — |  |  | 1.1 |  |  | — |  |  | 1.1 |
Total restructuring, exit, and impairment charges | $ | — |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 4.6 |  |  | $ | — |  |  | $ | 4.8 |
Total cash payments for restructuring, exit and impairment charges (A) | $ | — |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | 3.7 |  |  | $ | 0.1 |  |  | $ | 5.2 |
Accrued charges at end of the period (B) | $ | 0.5 |  |  | $ | 0.1 |  |  | $ | 1.7 |  |  | $ | 9.4 |  |  | $ | 0.2 |  |  | $ | 11.9 |
(A) Cash payments for the three months ended April 4, 2026 includes payments related to prior period charges. (B) Restructuring, exit, and impairment charges accrued as of April 4, 2026 are expected to be paid in the next twelve months. The following table is a summary of these expenses for the three months ended March 29, 2025:
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate |  | Total |  |  |  |  |  |  |  |
Restructuring, exit, and impairment activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee termination and other benefits | $ | — |  |  | $ | — |  |  | $ | 0.8 |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 1.1 |  |  |  |  |  |  |  |  |
Total cash payments for restructuring, exit and impairment charges (A) | $ | 1.1 |  |  | $ | 0.5 |  |  | $ | 1.6 |  |  | $ | 1.2 |  |  | $ | 0.8 |  |  | $ | 5.2 |  |  |  |  |  |  |  |  |
Accrued charges at end of the period | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 0.7 |  |  | $ | 1.1 |  |  | $ | 0.1 |  |  | $ | 2.4 |  |  |  |  |  |  |  |  |
(A) Cash payments for the three months ended March 29, 2025 may include payments related to prior period charges.

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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 (a) -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 S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: 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 + Details
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