Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles (Tables)

v3.22.1
Goodwill and Intangibles (Tables)
 3 Months Ended
Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
Changes in the Company's goodwill during the three months ended April 2, 2022 and April 3, 2021, by segment, are summarized below:
(in millions) Propulsion Parts & Accessories Boat Total
December 31, 2021 $ 14.7  $ 814.9  $ 58.8  $ 888.4 
Adjustments —  0.7  0.3  1.0 
April 2, 2022 $ 14.7  $ 815.6  $ 59.1  $ 889.4 
December 31, 2020 $ 15.3  $ 372.5  $ 29.9  $ 417.7 
Acquisitions —  —  5.3  5.3 
Adjustments (0.3) —  —  (0.3)
April 3, 2021 $ 15.0  $ 372.5  $ 35.2  $ 422.7 
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 April 2, 2022, December 31, 2021 and April 3, 2021, are summarized by intangible asset type below:
April 2, 2022 December 31, 2021 April 3, 2021
(in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization
Intangible assets:
  Customer relationships $ 889.1  $ (351.9) $ 889.4  $ (340.9) $ 687.7  $ (314.3)
  Trade names 305.9  —  306.1  —  166.2  — 
  Developed technology 160.0  (5.3) 160.0  (2.7) —  — 
  Other 64.1  (23.5) 62.0  (21.8) 18.5  (13.8)
    Total $ 1,419.1  $ (380.7) $ 1,417.5  $ (365.4) $ 872.4  $ (328.1)

Other intangible assets primarily consist of software, 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 $15.9 million and $8.0 million for the three months ended April 2, 2022 and April 3, 2021, respectively.
The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of April 2, 2022, December 31, 2021 and April 3, 2021, are summarized by segment below:
April 2, 2022 December 31, 2021 April 3, 2021
(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 & Accessories 1,135.3  (167.8) 1,134.8  (153.4) 618.7  (119.9)
Boat 260.3  (211.2) 260.1  (210.5) 252.7  (207.7)
Corporate 22.5  (1.2) 21.6  (1.0) —  — 
   Total $ 1,419.1  $ (380.7) $ 1,417.5  $ (365.4) $ 872.4  $ (328.1)