Annual report pursuant to Section 13 and 15(d)

Restructuring Activities (Tables)

v3.3.1.900
Restructuring Activities (Tables)
 12 Months Ended
Dec. 31, 2015
Restructuring Cost and Reserve [Line Items]  
Summary of the expense associated with restructuring, exit and impairment activities
The following table is a summary of the net expense associated with the restructuring, exit and impairment activities for 2015, 2014 and 2013.  The 2015 charges consist of expenses related to actions initiated in 2015. The 2014 charges consist of expenses related to actions initiated in 2014, 2013, 2012, 2010 and 2009. The 2013 charges consist of expenses related to actions initiated in 2013, 2012 and 2009.
(in millions)
2015
 
2014
 
2013
Restructuring and exit activities:
 
 
 
 
 
Employee termination and other benefits
$
1.4

 
$
2.9

 
$
2.7

Current asset write-downs
—

 
0.5

 
1.0

Transformation and other costs:
 
 
 
 
 
Consolidation of manufacturing footprint
—

 
1.0

 
6.7

Retention and relocation costs
0.3

 
0.3

 
0.4

Asset disposition actions:
 
 
 
 
 
Definite-lived asset impairments and (gains) on disposal
10.7

 
(0.5
)
 
5.7

Total restructuring, exit and impairment charges
$
12.4

 
$
4.2

 
$
16.5

Actions initiated in 2015 [Member]  
Restructuring Cost and Reserve [Line Items]  
Schedule of restructuring, exit and impairment charges by reportable segment and category
The following is a summary of the restructuring, exit and impairment charges by category and reportable segment recorded in the year ended December 31, 2015 and related to actions initiated in 2015:
(in millions)
Boat
 
Corporate
 
Total
Restructuring activities:
 
 
 
 
 
Employee termination and other benefits
$
0.8

 
$
0.6

 
$
1.4

Transformation and other costs:
 
 
 
 

Retention and relocation costs
0.3

 
—

 
0.3

Asset disposition actions:
 
 
 
 

Definite-lived asset impairments
6.6

 
4.1

 
10.7

Total restructuring, exit and impairment charges
$
7.7

 
$
4.7

 
$
12.4

Actions initiated in 2013 [Member]  
Restructuring Cost and Reserve [Line Items]  
Schedule of restructuring, exit and impairment charges by reportable segment and category
The following is a summary of the restructuring, exit and impairment charges by category and reportable segment recorded in the years ended December 31, 2014 and 2013 and related to actions initiated in 2013:
 
2014
 
2013
(in millions)
Boat
 
Total
 
Boat
 
Corporate
 
Total
Restructuring activities:
 
 
 
 
 
 
 
 
 
Employee termination and other benefits
$
0.2

 
$
0.2

 
$
1.8

 
$
0.7

 
$
2.5

Current asset write-downs
0.5

 
0.5

 
1.0

 
—

 
1.0

Transformation and other costs:
 
 
 
 
 
 
 
 

Consolidation of manufacturing footprint
1.8

 
1.8

 
4.9

 
—

 
4.9

Retention and relocation costs
0.3

 
0.3

 
0.4

 
—

 
0.4

Asset disposition actions:
 
 
 
 
 
 
 
 

Definite-lived asset impairments and (gains) on disposal
(0.1
)
 
(0.1
)
 
3.9

 
—

 
3.9

Total restructuring, exit and impairment charges
$
2.7

 
$
2.7

 
$
12.0

 
$
0.7

 
$
12.7