Annual report pursuant to Section 13 and 15(d)

Acquisitions (Details)

v3.10.0.1
Acquisitions (Details) - USD ($)
$ in Millions
 3 Months Ended 5 Months Ended 12 Months Ended
Aug. 09, 2018
Sep. 01, 2017
Dec. 31, 2018
Sep. 29, 2018
Jun. 30, 2018
 [1]
Mar. 31, 2018
 [1]
Dec. 31, 2017
Sep. 30, 2017
 [1]
Jul. 01, 2017
 [1]
Apr. 01, 2017
 [1]
Dec. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Business Acquisition [Line Items]                            
Business Combination, Consideration Transferred                       $ 909.6 $ 15.5  
Debt Instrument, Face Amount $ 800.0                          
Net Sales     $ 1,248.9 [1] $ 1,298.0 [1] $ 1,400.9 $ 1,211.4 $ 1,182.1 [1] $ 1,141.5 $ 1,352.0 $ 1,160.3   5,159.2 [1] 4,835.9 [1] $ 4,488.5
Operating Earnings (Loss)                       367.0 398.3 479.5
Goodwill     767.1       425.3       $ 767.1 767.1 425.3 $ 413.8
Business Acquisition, Identifiable Intangible Assets     541.0       $ 4.6       541.0 541.0 4.6  
Goodwill, Acquired During Period                       344.2 5.5  
Trade Names [Member]                            
Business Acquisition [Line Items]                            
Indefinite-Lived Intangible Assets Acquired                       111.0 1.4  
Customer Relationships [Member]                            
Business Acquisition [Line Items]                            
Finite-Lived Intangible Assets Acquired                       $ 430.0 $ 3.2  
Useful Life                       15 years 15 years  
Power Products [Member]                            
Business Acquisition [Line Items]                            
Business Combination, Consideration Transferred 909.6                          
Net Sales                     82.8      
Operating Earnings (Loss)                     1.9      
Purchase Price Amortization     11.8 9.4             $ 21.2 $ 21.2    
Accounts and Notes Receivable 38.3                          
Inventory 64.3                          
Goodwill [2] 344.2                          
Property, Plant and Equipment 10.6                          
Other Assets 5.6                          
Total Assets Acquired 1,004.0                          
Accounts Payable 23.5                          
Accrued Expenses 16.2                          
Deferred Tax Liabilities 54.7                          
Total Liabilities Assumed 94.4                          
Net Cash Consideration Paid [3] 909.6                          
Purchase Price Adjustment                       0.4    
Fair Value Adjustment to Inventory                       9.2    
Pro Forma Net Sales                       5,309.4 $ 5,048.9  
Pro Forma Operating Earnings                       409.5 296.9  
Pro Forma Net Earnings                       $ 283.8 $ 125.7  
Pro Forma Effective Income Tax Rate                       17.30% 47.30%  
Power Products [Member] | Trade Names [Member]                            
Business Acquisition [Line Items]                            
Trade Names 111.0                          
Power Products [Member] | Customer Relationships [Member]                            
Business Acquisition [Line Items]                            
Customer Relationships $ 430.0                          
Useful Life 15 years                          
Lankhorst Taselaar [Member]                            
Business Acquisition [Line Items]                            
Business Combination, Consideration Transferred   $ 15.5                        
Goodwill   $ 5.5                        
Business Acquisition, Percentage of Voting Interests Acquired   100.00%                        
Business Acquisition, Identifiable Intangible Assets   $ 4.6                        
Lankhorst Taselaar [Member] | Trade Names [Member]                            
Business Acquisition [Line Items]                            
Trade Names   1.4                        
Lankhorst Taselaar [Member] | Customer Relationships [Member]                            
Business Acquisition [Line Items]                            
Customer Relationships   $ 3.2                        
Useful Life   15 years                        
Selling, General and Administrative Expenses [Member] | Power Products [Member]                            
Business Acquisition [Line Items]                            
Transaction Costs Related to the Acquisition                       $ 13.8    
Purchase Price Amortization     $ 7.2 $ 4.8               $ 12.0    
[1] (A) In the second quarter of 2018, the Company announced its intention to wind down Sport Yacht & Yacht operations. During the first, second, third and fourth quarters and the full-year of 2018, Sport Yacht & Yacht operations had operating losses of $8.1 million, $27.4 million, $11.9 million, $11.0 million and $58.4 million, respectively, consisting of $15.1 million, $19.9 million, $9.0 million, $5.4 million and $49.4 million, respectively, of Net sales; $18.7 million, $43.1 million, $17.3 million, $10.0 million, $89.1 million of Cost of sales (COS); and $4.5 million, $4.2 million, $3.6 million, $6.4 million and $18.7 million, respectively, of Selling, general and administrative expense (SG&A). During the first, second, third and fourth quarters and the full-year of 2017, Sport Yacht & Yacht operations had operating losses of $8.0 million, $3.4 million, $9.8 million, $10.7 million and $31.9 million, respectively, consisting of $38.9 million, $53.1 million, $21.3 million, $38.3 million and $151.6 million, respectively, of Net sales; $41.0 million, $52.5 million, $26.3 million, $44.2 million, $164.0 million of Cost of sales (COS); and $5.9 million, $4.0 million, $4.8 million, $4.8 million and $19.5 million, respectively, of Selling, general and administrative expense (SG&A).
[2] (A) The goodwill recorded for the acquisition of Power Products is partially deductible for tax purposes.
[3] (B) Net cash consideration paid includes a purchase price adjustment of $0.4 million.