Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Notes)

v3.22.1
Revenue Recognition (Notes)
 3 Months Ended
Apr. 02, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue Recognition
The following table presents the Company's revenue in categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors:
Three Months Ended
April 2, 2022
(in millions) Propulsion Parts & Accessories Boat Total
Geographic Markets
United States $ 452.7  $ 407.5  $ 368.4  $ 1,228.6 
Europe 113.4  108.0  45.6  267.0 
Asia-Pacific 63.3  52.9  9.1  125.3 
Canada 33.2  30.5  62.2  125.9 
Rest-of-World 43.3  18.9  7.5  69.7 
Segment Eliminations (109.2) (11.6) —  (120.8)
Total $ 596.7  $ 606.2  $ 492.8  $ 1,695.7 
Three Months Ended
April 3, 2021
Propulsion Parts & Accessories Boat Total
Geographic Markets
United States $ 421.3  $ 312.3  $ 312.6  $ 1,046.2 
Europe 109.0  63.5  41.6  214.1 
Asia-Pacific 65.7  42.5  6.7  114.9 
Canada 25.2  25.4  48.4  99.0 
Rest-of-World 36.6  15.9  10.2  62.7 
Segment Eliminations (94.9) (8.8) —  (103.7)
Total $ 562.9  $ 450.8  $ 419.5  $ 1,433.2 
Three Months Ended
April 2, 2022
(in millions) Propulsion Parts & Accessories Boat Total
Major Product Lines
Outboard Engines $ 546.1  $ —  $ —  $ 546.1 
Controls, Rigging, and Propellers 98.5  —  —  98.5 
Sterndrive Engines 61.3  —  —  61.3 
Distribution Parts & Accessories —  203.5  —  203.5 
Engine Parts & Accessories —  125.6  —  125.6 
Advanced Systems Group —  151.9  —  151.9 
Navico —  136.8  —  136.8 
Aluminum Freshwater Boats —  —  220.6  220.6 
Recreational Fiberglass Boats —  —  164.4  164.4 
Saltwater Fishing Boats —  —  89.2  89.2 
Business Acceleration —  —  19.6  19.6 
Boat Eliminations/Other —  —  (1.0) (1.0)
Segment Eliminations (109.2) (11.6) —  (120.8)
Total $ 596.7  $ 606.2  $ 492.8  $ 1,695.7 
Three Months Ended
April 3, 2021
Propulsion Parts & Accessories Boat Total
Major Product Lines
Outboard Engines $ 504.5  $ —  $ —  $ 504.5 
Controls, Rigging, and Propellers 94.9  —  —  94.9 
Sterndrive Engines 58.4  —  —  58.4 
Distribution Parts & Accessories —  200.6  —  200.6 
Engine Parts & Accessories —  124.2  —  124.2 
Advanced Systems Group —  134.8  —  134.8 
Aluminum Freshwater Boats —  —  177.8  177.8 
Recreational Fiberglass Boats —  —  135.4  135.4 
Saltwater Fishing Boats —  —  96.8  96.8 
Business Acceleration —  —  12.7  12.7 
Boat Eliminations/Other —  —  (3.2) (3.2)
Segment Eliminations (94.9) (8.8) —  (103.7)
Total $ 562.9  $ 450.8  $ 419.5  $ 1,433.2 

As of December 31, 2021, $142.1 million of contract liabilities associated with extended warranties and customer deposits were reported in Accrued expenses and Other Long-term liabilities, of which $14.3 million was recognized as revenue during the three months ended April 2, 2022. As of April 2, 2022, total contract liabilities were $152.0 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of April 2, 2022 was $138.4 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $34.2 million of this amount in 2022, $30.4 million in 2023, and $73.8 million thereafter.