Quarterly report pursuant to Section 13 or 15(d)

Restructuring, Exit and Integration Activities (Tables)

v3.22.2.2
Restructuring, Exit and Integration Activities (Tables)
 9 Months Ended
Oct. 01, 2022
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs [Table Text Block]
The following table is a summary of expenses for the three months ended October 1, 2022 and October 2, 2021:
October 1, 2022 October 2, 2021
(in millions) Parts & Accessories
Boat (A)
Corporate (B)
Total Parts & Accessories Boat Total
Restructuring, exit and impairment activities:
Employee termination and other benefits $ 6.9  $ —  $ —  $ 6.9  $ —  $ —  $ — 
Asset-related —  0.3  17.4  17.7  —  —  — 
Total restructuring, exit and impairment charges $ 6.9  $ 0.3  $ 17.4  $ 24.6  $ —  $ —  $ — 
Total cash payments for restructuring, exit and impairment charges (C)
$ 1.5  $ 0.1  $ —  $ 1.6  $ 0.3  $ 0.6  $ 0.9 
Accrued charges at end of the period (D)
$ 5.4  $ —  $ —  $ 5.4  $ 0.1  $ 0.1  $ 0.2 

(A) Includes asset-related impairment charges, net of insurance recoveries, associated with Hurricane Ian.
(B) Includes impairment charges of $17.4 million related to the Company's decision not to place certain capitalized software intangible assets into service during the three months ended October 1, 2022.
(C) Cash payments for the three months ended October 1, 2022 and October 2, 2021 may include payments related to prior period charges.
(D) Restructuring, exit and impairment charges accrued as of October 1, 2022 are expected to be paid in the next twelve months.
The following table is a summary of expenses for the nine months ended October 1, 2022 and October 2, 2021:
October 1, 2022 October 2, 2021
(in millions) Parts & Accessories
Boat (A)
Corporate (B)
Total Parts & Accessories Boat Corporate Total
Restructuring, exit and impairment activities:
Employee termination and other benefits $ 6.9  $ —  $ —  $ 6.9  $ 0.7  $ —  $ —  $ 0.7 
Asset-related —  0.3  17.4  17.7  —  —  —  — 
Total restructuring, exit and impairment charges $ 6.9  $ 0.3  $ 17.4  $ 24.6  $ 0.7  $ —  $ —  $ 0.7 
Total cash payments for restructuring, exit and impairment charges (C)
$ 1.5  $ 0.2  $ —  $ 1.7  $ 0.9  $ 1.1  $ 1.7  $ 3.7 
Accrued charges at end of the period (D)
$ 5.4  $ —  $ —  $ 5.4  $ 0.1  $ 0.1  $ —  $ 0.2 

(A) Includes asset-related impairment charges, net of insurance recoveries, associated with Hurricane Ian.
(B) Includes impairment charges of $17.4 million related to the Company's decision not to place certain capitalized software intangible assets into service during the three months ended October 1, 2022.
(C) Cash payments for the nine months ended October 1, 2022 and October 2, 2021 may include payments related to prior period charges.
(D) Restructuring, exit and impairment charges accrued as of October 1, 2022 are expected to be paid in the next twelve months.