|
The following table is a summary of the expense associated with restructuring, exit and impairment activities discussed above, for the three months ended June 27, 2020 and June 29, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 27, 2020 |
|
June 29, 2019 |
(in millions) |
Parts & Accessories |
|
Boat |
|
Corporate |
|
Total |
|
Parts & Accessories |
|
Boat |
|
Corporate |
|
Total |
Restructuring and exit activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employee termination and other benefits |
$ |
0.0 |
|
|
$ |
0.2 |
|
|
$ |
1.7 |
|
|
$ |
1.9 |
|
|
$ |
0.6 |
|
|
$ |
0.2 |
|
|
$ |
1.1 |
|
|
$ |
1.9 |
|
Current asset write-downs |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.2 |
|
|
— |
|
|
0.2 |
|
Professional fees |
— |
|
|
— |
|
|
0.1 |
|
|
0.1 |
|
|
— |
|
|
0.3 |
|
|
1.1 |
|
|
1.4 |
|
Other |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.3 |
|
|
— |
|
|
0.3 |
|
Definite-lived and other asset impairments |
— |
|
|
0.1 |
|
|
— |
|
|
0.1 |
|
|
— |
|
|
1.6 |
|
|
— |
|
|
1.6 |
|
Total restructuring, exit and impairment charges |
$ |
0.0 |
|
|
$ |
0.3 |
|
|
$ |
1.8 |
|
|
$ |
2.1 |
|
|
$ |
0.6 |
|
|
$ |
2.6 |
|
|
$ |
2.2 |
|
|
$ |
5.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash payments for restructuring, exit and impairment charges (A)
|
$ |
0.4 |
|
|
$ |
1.6 |
|
|
$ |
0.3 |
|
|
$ |
2.3 |
|
|
$ |
— |
|
|
$ |
2.7 |
|
|
$ |
0.1 |
|
|
$ |
2.8 |
|
Accrued charges at end of the period (B)
|
$ |
0.6 |
|
|
$ |
2.5 |
|
|
$ |
2.1 |
|
|
$ |
5.2 |
|
|
$ |
0.6 |
|
|
$ |
8.9 |
|
|
$ |
4.1 |
|
|
$ |
13.6 |
|
(A) Cash payments for the three months ended June 27, 2020 and June 29, 2019 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of June 27, 2020 are expected to be paid primarily during 2020.
The following table is a summary of the expense associated with the restructuring, exit and impairment activities discussed above for the six months ended June 27, 2020 and June 29, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 27, 2020 |
|
June 29, 2019 |
(in millions) |
Parts & Accessories |
|
Boat |
|
Corporate |
|
Total |
|
Parts & Accessories |
|
Boat |
|
Corporate |
|
Total |
Restructuring and exit activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employee termination and other benefits |
$ |
0.3 |
|
|
$ |
0.2 |
|
|
$ |
1.8 |
|
|
$ |
2.3 |
|
|
$ |
0.6 |
|
|
$ |
0.6 |
|
|
$ |
2.3 |
|
|
$ |
3.5 |
|
Current asset write-downs |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.4 |
|
|
— |
|
|
0.4 |
|
Professional fees |
— |
|
|
— |
|
|
0.1 |
|
|
0.1 |
|
|
— |
|
|
0.3 |
|
|
1.1 |
|
|
1.4 |
|
Other |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.4 |
|
|
— |
|
|
0.4 |
|
Definite-lived and other asset impairments |
— |
|
|
0.1 |
|
|
— |
|
|
0.1 |
|
|
— |
|
|
2.9 |
|
|
— |
|
|
2.9 |
|
Total restructuring, exit and impairment charges |
$ |
0.3 |
|
|
$ |
0.3 |
|
|
$ |
1.9 |
|
|
$ |
2.5 |
|
|
$ |
0.6 |
|
|
$ |
4.6 |
|
|
$ |
3.4 |
|
|
$ |
8.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash payments for restructuring, exit and impairment charges (A)
|
$ |
1.0 |
|
|
$ |
3.8 |
|
|
$ |
1.3 |
|
|
$ |
6.1 |
|
|
$ |
— |
|
|
$ |
7.7 |
|
|
$ |
0.3 |
|
|
$ |
8.0 |
|
Accrued charges at end of the period (B)
|
$ |
0.6 |
|
|
$ |
2.5 |
|
|
$ |
2.1 |
|
|
$ |
5.2 |
|
|
$ |
0.6 |
|
|
$ |
8.9 |
|
|
$ |
4.1 |
|
|
$ |
13.6 |
|
(A) Cash payments for the six months ended June 27, 2020 and June 29, 2019 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of June 27, 2020 are expected to be paid primarily during 2020.
|