Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles

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Goodwill and Intangibles
 9 Months Ended
Oct. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles [Text Block] Goodwill and Other Intangibles
Changes in the Company's goodwill during the nine months ended October 1, 2022 and October 2, 2021, by segment, are summarized below:
(in millions) Propulsion Parts & Accessories Boat Total
December 31, 2021 $ 14.7  $ 814.9  $ 58.8  $ 888.4 
Acquisitions —  —  75.0  75.0 
Adjustments (1.6) 1.1  (0.7) (1.2)
October 1, 2022 $ 13.1  $ 816.0  $ 133.1  $ 962.2 
December 31, 2020 $ 15.3  $ 372.5  $ 29.9  $ 417.7 
Acquisitions —  7.1  19.8  26.9 
Adjustments (0.4) (0.2) (0.2) (0.8)
October 2, 2021 $ 14.9  $ 379.4  $ 49.5  $ 443.8 

Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. In addition, adjustments during the nine months ended October 1, 2022 also include $3.9 million of purchase accounting adjustments from 2021 acquisitions, primarily related to contingency reserves. There was no accumulated impairment loss on Goodwill as of October 1, 2022, December 31, 2021 or October 2, 2021.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of October 1, 2022, December 31, 2021 and October 2, 2021, are summarized by intangible asset type below:
October 1, 2022 December 31, 2021 October 2, 2021
(in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization
Intangible assets:
  Customer relationships $ 899.5  $ (374.5) $ 889.4  $ (340.9) $ 701.7  $ (329.9)
  Trade names 305.0  —  306.1  —  173.0  — 
  Developed technology 160.0  (10.7) 160.0  (2.7) —  — 
  Other 55.9  (29.8) 62.0  (21.8) 18.5  (14.1)
    Total $ 1,420.4  $ (415.0) $ 1,417.5  $ (365.4) $ 893.2  $ (344.0)
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 $47.2 million for three and nine months ended October 1, 2022, respectively. Aggregate amortization expense for intangibles was $8.3 million and $24.3 million for three and nine months ended October 2, 2021, respectively.The Company tests its intangible assets for impairment during the fourth quarter of each year, or whenever a significant change in events and circumstances (triggering event) occurs that indicates the fair value of intangible assets may be below their carrying values. The Company recorded impairment charges of $17.4 million during the three months ended October 1, 2022 related to capitalized software intangible assets that will not be placed into service. The Company did not record any other impairment charge during the nine months ended October 1, 2022 or October 2, 2021.