Quarterly report pursuant to Section 13 or 15(d)

Restructuring, Exit and Integration Activities

v3.21.2
Restructuring, Exit and Integration Activities
 6 Months Ended
Jul. 03, 2021
Restructuring and Related Activities [Abstract]  
Restructuring, Exit and Integration Activities [Text Block] Restructuring, Exit and Impairment Activities
The Company recorded restructuring, exit and impairment charges in the Condensed Consolidated Statements of Comprehensive Income in 2021 and 2020.

The following table is a summary of those expenses for the three months ended July 3, 2021 and June 27, 2020:
July 3, 2021 June 27, 2020
(in millions) Parts & Accessories Boat Corporate Total Parts & Accessories Boat Corporate Total
Restructuring and exit activities:
Employee termination and other benefits $ 0.2  $ —  $ —  $ 0.2  $ 0.0  $ 0.2  $ 1.7  $ 1.9 
Asset-related —  —  —  —  —  0.1  —  0.1 
Other —  —  —  —  —  —  0.1  0.1 
Total restructuring, exit and impairment charges $ 0.2  $ —  $ —  $ 0.2  $ 0.0  $ 0.3  $ 1.8  $ 2.1 
Total cash payments for restructuring, exit and impairment charges (A)
$ 0.3  $ 0.3  $ 0.1  $ 0.7  $ 0.4  $ 1.6  $ 0.3  $ 2.3 
Accrued charges at end of the period (B)
$ 0.4  $ 0.7  $ —  $ 1.1  $ 0.6  $ 2.5  $ 2.1  $ 5.2 
(A) Cash payments for the three months ended July 3, 2021 and June 27, 2020 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of July 3, 2021 are expected to be paid primarily during 2021.

The following table is a summary of those expenses for the six months ended July 3, 2021 and June 27, 2020:
July 3, 2021 June 27, 2020
(in millions) Parts & Accessories Boat Corporate Total Parts & Accessories Boat Corporate Total
Restructuring and exit activities:
Employee termination and other benefits $ 0.7  $ (0.0) $ —  $ 0.7  $ 0.3  $ 0.2  $ 1.8  $ 2.3 
Asset-related —  —  —  —  —  0.1  —  0.1 
Other —  0.0  —  —  —  —  0.1  0.1 
Total restructuring, exit and impairment charges $ 0.7  $ (0.0) $ —  $ 0.7  $ 0.3  $ 0.3  $ 1.9  $ 2.5 
Total cash payments for restructuring, exit and impairment charges (A)
$ 0.6  $ 0.5  $ 1.7  $ 2.8  $ 1.0  $ 3.8  $ 1.3  $ 6.1 
Accrued charges at end of the period (B)
$ 0.4  $ 0.7  $ —  $ 1.1  $ 0.6  $ 2.5  $ 2.1  $ 5.2 
(A) Cash payments for the six months ended July 3, 2021 and June 27, 2020 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of July 3, 2021 are expected to be paid primarily during 2021.