Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangibles

v3.6.0.2
Goodwill and Other Intangibles
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles
Goodwill and Other Intangibles

Changes in the Company's goodwill during the period ended December 31, 2016, by segment, are summarized below:
(in millions)
2015
 
Acquisitions
 
Impairments
 
Adjustments
 
2016
Marine Engine
$
26.2

 
$
—

 
$
—

 
$
(1.1
)
 
$
25.1

Boat
—

 
2.2

 
—

 
—

 
2.2

Fitness
272.5

 
117.0

 
—

 
(3.0
)
 
386.5

Total
$
298.7

 
$
119.2

 
$
—

 
$
(4.1
)
 
$
413.8


Changes in the Company's goodwill during the period ended December 31, 2015, by segment, are summarized below:
(in millions)
2014
 
Acquisitions
 
Impairments
 
Adjustments
 
2015
Marine Engine
$
28.0

 
$
—

 
$
—

 
$
(1.8
)
 
$
26.2

Fitness
268.9

 
3.5

 
—

 
0.1

 
272.5

Total
$
296.9

 
$
3.5

 
$
—

 
$
(1.7
)
 
$
298.7



Adjustments in 2016 and 2015 relate to the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. See Note 4 – Acquisitions for further details on the Company's acquisitions.

As of December 31 2016 and 2015, the Company had no accumulated impairment loss.

The Company's intangible assets, included within Other intangibles, net on the Consolidated Balance Sheets as of December 31, 2016 and 2015, are summarized below:
 
2016
 
2015
(in millions)
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Intangible assets:
 
 
 
 
 
 
 
  Customer relationships
$
300.1

 
$
(231.1
)
 
$
240.4

 
$
(225.9
)
Trade names
88.1

 
—

 
37.7

 
—

  Other
22.4

 
(14.7
)
 
16.3

 
(13.4
)
     Total
$
410.6

 
$
(245.8
)
 
$
294.4

 
$
(239.3
)


Other intangible assets primarily consist of patents. See Note 4 – Acquisitions for further details on intangibles acquired during 2016 and 2015. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $6.8 million, $3.0 million and $2.9 million for the years ended December 31, 2016, 2015 and 2014, respectively. Estimated amortization expense for intangible assets is $8.2 million for the year ending December 31, 2017, $8.2 million in 2018, $7.6 million in 2019, $7.2 million in 2020, and $6.3 million in 2021.