Brunswick Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions Schedule of assets acquired, liabilities assumed and cash consideration paid (Tables)

Acquisitions Schedule of assets acquired, liabilities assumed and cash consideration paid (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Assets Acquired, Liabilities Assumed and Cash Consideration Paid [Table Text Block]

The following table is a summary of the assets acquired, liabilities assumed and net cash consideration paid for the Cybex acquisition during 2016:



(in millions)	Fair Value		Useful Life
Accounts and notes receivable	$	22.0
Inventory	13.9
Goodwill^(A)	88.4
Trade names	38.6		Indefinite
Customer relationships	43.7		16 years
Patents and proprietary technology	3.1		5 years
Property and equipment	35.2
Other assets	3.7
Total assets acquired	248.6
Total liabilities assumed	51.7
Net cash consideration paid^(B)	$	196.9

(A) The goodwill recorded for the acquisition of Cybex is not deductible for tax purposes.

(B) Net cash consideration paid includes a purchase price adjustment of $1.9 million in 2016.

Summary of the Net Cash Consideration Paid and the Goodwill and Intangible Assets Acquired by Year [Table Text Block]

The following table is a summary of the net cash consideration paid and the goodwill and intangible assets acquired during the years ended December 31, 2016 and 2015:



(in millions)					Fair Value of Identifiable Intangible Assets Acquired
Year	Net Cash Consideration Paid		Goodwill^(B)		Total		Intangible Asset			Useful Life
2016 ^(A)	$	276.1	$	119.2	$	118.7	Trade names	$	50.9	Indefinite
							Customer relationships	61.5		11 - 16 years
							Patents and proprietary technology	6.3		5 years
2015	29.7		3.5		13.4		Trade names	6.5		Indefinite
							Customer relationships	6.1		7 years
							Patents and proprietary technology	0.8		5 years

(A) Due to the timing of certain acquisitions, these amounts are preliminary and are subject to change within the measurement period as the Company finalizes its fair value estimates.

(B) The goodwill recorded for the acquisitions of ICG, Cybex and SCIFIT is not deductible for tax purposes, but is deductible for Thunder Jet.