Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles (Tables)

v3.20.2
Goodwill and Intangibles (Tables)
 9 Months Ended
Sep. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
Changes in the Company's goodwill during the nine months ended September 26, 2020, by segment, are summarized below:
(in millions) December 31,
2019		 Acquisitions Adjustments September 26,
2020
Propulsion (A)
$ 14.5  $ —  $ 0.0  $ 14.5 
Parts and Accessories (A)
371.9  —  0.0  371.9 
Boat 28.6  —  1.3  29.9 
    Total $ 415.0  $ —  $ 1.3  $ 416.3 
(A) In the 2019 Form 10-K, goodwill for Propulsion and Parts and Accessories were presented within the Marine Engine segment.
Changes in the Company's goodwill during the nine months ended September 28, 2019, by segment, are summarized below:
(in millions) December 31, 2018 Acquisitions Adjustments September 28,
2019
Propulsion (A)
$ 14.6  $ —  $ (0.5) $ 14.1 
Parts and Accessories (A)
360.5  —  10.9  371.4 
Boat 2.2  26.0  0.3  28.5 
    Total $ 377.3  $ 26.0  $ 10.7  $ 414.0 
(A) In the 2019 Form 10-K, goodwill for Propulsion and Parts and Accessories were presented within the Marine Engine segment.
Schedule of Other Intangible Assets [Table Text Block]
The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of September 26, 2020, December 31, 2019 and September 28, 2019, are summarized by intangible asset type below:
September 26, 2020 December 31, 2019 September 28, 2019
(in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization
Intangible assets:
  Customer relationships (A)
$ 687.0  $ (298.2) $ 687.0  $ (274.6) $ 686.5  $ (266.5)
  Trade names 165.8  —  165.8  —  165.6  — 
  Other (A)
18.4  (13.4) 18.4  (13.1) 18.3  (12.9)
    Total $ 871.2  $ (311.6) $ 871.2  $ (287.7) $ 870.4  $ (279.4)

(A) The weighted average remaining amortization period for Customer relationships and Other intangibles assets were 12.4 years and 11.2 years, respectively, as of September 26, 2020.

Other intangible assets primarily consist of patents and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $8.0 million and $24.0 million for the three and nine months ended September 26, 2020, respectively. Aggregate amortization expense for intangibles was $8.0 million and $23.7 million for the three and nine months ended September 28, 2019, respectively.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of September 26, 2020, December 31, 2019 and September 28, 2019, are summarized by segment below:
September 26, 2020 December 31, 2019 September 28, 2019
(in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization
Propulsion $ 1.0  $ (0.5) $ 1.0  $ (0.5) $ 1.0  $ (0.5)
Parts and Accessories 617.6  (104.5) 617.6  (81.9) 616.9  (74.1)
Boat 252.6  (206.6) 252.6  (205.3) 252.5  (204.8)
    Total $ 871.2  $ (311.6) $ 871.2  $ (287.7) $ 870.4  $ (279.4)