Quarterly report pursuant to Section 13 or 15(d)

Restructuring, Exit and Integration Activities (Tables)

v3.19.3
Restructuring, Exit and Integration Activities (Tables)
 9 Months Ended
Sep. 28, 2019
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs [Table Text Block] The following table is a summary of the expense associated with the restructuring, exit and impairment activities discussed above for the three months ended September 28, 2019 and September 29, 2018:
 
September 28, 2019
 
September 29, 2018
(in millions)
Boat
 
Corporate
 
Marine Engine
 
Total
 
Boat
 
Total
Restructuring and exit activities:
 
 
 
 
 
 
 
 
 
 
 
Employee termination and other benefits
$
2.5

 
$
0.1

 
$
3.5

 
$
6.1

 
$
1.7

 
$
1.7

Current asset write-downs
—

 
—

 
—

 
—

 
3.2

 
3.2

Professional fees
0.8

 
0.4

 
—

 
1.2

 
1.2

 
1.2

Other
0.1

 
—

 
—

 
0.1

 
—

 
—

Asset disposition and impairment actions:
 
 
 
 
 
 
 
 
 
 
 
Definite-lived and other asset impairments
—

 
—

 
—

 
—

 
3.3

 
3.3

Total restructuring, exit and impairment charges
$
3.4

 
$
0.5

 
$
3.5

 
$
7.4

 
$
9.4

 
$
9.4

 
 
 
 
 
 
 
 
 
 
 
 
Total cash payments for restructuring, exit and impairment charges (A)
$
2.9

 
$
1.4

 
$
1.7

 
$
6.0

 
$
7.4

 
$
7.6

Accrued charges at end of the period (B)
$
9.4

 
$
3.2

 
$
2.4

 
$
15.0

 
$
11.5

 
$
12.2



(A) Cash payments for the three months ended September 28, 2019 and September 29, 2018 may include payments related to prior period charges. Total cash payments for the three months ended September 29, 2018 also include $0.2 million of payments for Corporate restructuring, exit and impairment charges.
(B) Restructuring, exit and impairment charges accrued as of September 28, 2019 are expected to be paid during 2019 and 2020. Restructuring, exit and impairment charges accrued as of September 29, 2018 also include $0.7 million of Corporate charges.

The following table is a summary of the expense associated with the restructuring, exit and impairment activities discussed above for the nine months ended September 28, 2019 and September 29, 2018:
 
September 28, 2019
 
September 29, 2018
(in millions)
Boat
 
Corporate
 
Marine Engine
 
Total
 
Boat
 
Corporate
 
Total
Restructuring and exit activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee termination and other benefits
$
3.1

 
$
2.4

 
$
4.1

 
$
9.6

 
$
8.4

 
$
0.7

 
$
9.1

Current asset write-downs
0.4

 
—

 
—

 
0.4

 
18.7

 
—

 
18.7

Professional fees
1.1

 
1.5

 
—

 
2.6

 
4.7

 
—

 
4.7

Other
0.5

 
—

 
—

 
0.5

 
6.0

 
—

 
6.0

Asset disposition and impairment actions:
 
 
 
 
 
 
 
 
 
 
 
 
 
Definite-lived and other asset impairments
2.9

 
—

 
—

 
2.9

 
12.7

 
—

 
12.7

Valuation allowance reversal
—

 
—

 
—

 
—

 
(5.0
)
 
—

 
(5.0
)
Total restructuring, exit and impairment charges
$
8.0

 
$
3.9

 
$
4.1

 
$
16.0

 
$
45.5

 
$
0.7

 
$
46.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total cash payments for restructuring, exit and impairment charges (A)
$
10.6

 
$
1.7

 
$
1.7

 
$
14.0

 
$
8.6

 
$
0.5

 
$
9.1

Accrued charges at end of the period (B)
$
9.4

 
$
3.2

 
$
2.4

 
$
15.0

 
$
11.5

 
$
0.7

 
$
12.2


(A) Cash payments for the nine months ended September 28, 2019 and September 29, 2018 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of September 28, 2019 are expected to be paid during 2019 and 2020.