Quarterly report pursuant to Section 13 or 15(d)

Financing Receivables (Tables)

v2.4.0.8
Financing Receivables (Tables)
 6 Months Ended
Jun. 28, 2014
Receivables [Abstract]  
Financing receivables, excluding trade accounts receivable contractually due within one year, by segment
The following are the Company’s financing receivables, excluding trade accounts receivable contractually due within one year, by segment as of June 28, 2014:
(in millions)
Marine
 Engine
 
Boat
 
Fitness
 
Bowling & Billiards
 
Corporate
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
 
 
 
 
Short-term
$
—

 
$
—

 
$
0.8

 
$
4.7

 
$
—

 
$
5.5

Long-term
—

 
—

 
0.2

 
2.6

 
—

 
2.8

Allowance for doubtful accounts
—

 
—

 
(0.3
)
 
(4.4
)
 
—

 
(4.7
)
Total
—

 
—

 
0.7

 
2.9

 
—

 
3.6

 
 
 
 
 
 
 
 
 
 
 
 
Third-Party Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
4.7

 
2.0

 
18.6

 
—

 
—

 
25.3

Long-term
—

 
—

 
18.2

 
—

 
—

 
18.2

Allowance for doubtful accounts
—

 
—

 
—

 
—

 
—

 
—

Total
4.7

 
2.0

 
36.8

 
—

 
—

 
43.5

 
 
 
 
 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
7.7

 
0.3

 
0.7

 
—

 
—

 
8.7

Long-term
0.7

 
0.2

 
0.1

 
—

 
1.3

 
2.3

Allowance for doubtful accounts
—

 
(0.3
)
 
—

 
—

 
—

 
(0.3
)
Total
8.4

 
0.2

 
0.8

 
—

 
1.3

 
10.7

 
 
 
 
 
 
 
 
 
 
 
 
Total Financing Receivables
$
13.1

 
$
2.2

 
$
38.3

 
$
2.9

 
$
1.3

 
$
57.8


The following are the Company’s financing receivables, excluding trade accounts receivable contractually due within one year, by segment as of December 31, 2013:
(in millions)
Marine
Engine
 
Boat
 
Fitness
 
Bowling & Billiards
 
Corporate
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
 
 
 
 
Short-term
$
—

 
$
—

 
$
0.7

 
$
5.2

 
$
—

 
$
5.9

Long-term
—

 
—

 
0.2

 
2.7

 
—

 
2.9

Allowance for doubtful accounts
—

 
—

 
(0.4
)
 
(4.4
)
 
—

 
(4.8
)
Total
—

 
—

 
0.5

 
3.5

 
—

 
4.0

 
 
 
 
 
 
 
 
 
 
 
 
Third-Party Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
12.0

 
3.1

 
21.1

 
—

 
—

 
36.2

Long-term
—

 
—

 
18.9

 
—

 
—

 
18.9

Allowance for doubtful accounts
—

 
—

 
—

 
—

 
—

 
—

Total
12.0

 
3.1

 
40.0

 
—

 
—

 
55.1

 
 
 
 
 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
10.2

 
0.3

 
0.6

 
—

 
0.2

 
11.3

Long-term
0.9

 
0.2

 
0.1

 
—

 
—

 
1.2

Allowance for doubtful accounts
—

 
(0.3
)
 
—

 
—

 
—

 
(0.3
)
Total
11.1

 
0.2

 
0.7

 
—

 
0.2

 
12.2

 
 
 
 
 
 
 
 
 
 
 
 
Total Financing Receivables
$
23.1

 
$
3.3

 
$
41.2

 
$
3.5

 
$
0.2

 
$
71.3




























The following are the Company’s financing receivables, excluding trade accounts receivable contractually due within one year, by segment as of June 29, 2013:
(in millions)
Marine
 Engine
 
Boat
 
Fitness
 
Bowling & Billiards
 
Corporate
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
 
 
 
 
Short-term
$
—

 
$
—

 
$
1.0

 
$
4.9

 
$
—

 
$
5.9

Long-term
—

 
—

 
0.3

 
5.2

 
—

 
5.5

Allowance for doubtful accounts
—

 
—

 
(0.5
)
 
(4.5
)
 
—

 
(5.0
)
Total
—

 
—

 
0.8

 
5.6

 
—

 
6.4

 
 
 
 
 
 
 
 
 
 
 
 
Third-Party Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
6.9

 
2.2

 
25.4

 
—

 
—

 
34.5

Long-term
—

 
—

 
19.3

 
—

 
—

 
19.3

Allowance for doubtful accounts
—

 
—

 
—

 
—

 
—

 
—

Total
6.9

 
2.2

 
44.7

 
—

 
—

 
53.8

 
 
 
 
 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
12.1

 
0.7

 
1.2

 
—

 
0.2

 
14.2

Long-term
1.6

 
0.6

 
0.2

 
—

 
—

 
2.4

Allowance for doubtful accounts
—

 
(0.6
)
 
—

 
—

 
—

 
(0.6
)
Total
13.7

 
0.7

 
1.4

 
—

 
0.2

 
16.0

 
 
 
 
 
 
 
 
 
 
 
 
Total Financing Receivables
$
20.6

 
$
2.9

 
$
46.9

 
$
5.6

 
$
0.2

 
$
76.2

Activity related to allowance for doubtful accounts on financing receivables during the period
The following table sets forth activity related to the allowance for doubtful accounts on financing receivables during the six months ended June 28, 2014:
(in millions)
Boat
 
Fitness
 
Bowling & Billiards
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
Beginning balance
$
—

 
$
0.4

 
$
4.4

 
$
4.8

Current period provision
—

 
—

 
(0.1
)
 
(0.1
)
Direct write-downs
—

 
(0.1
)
 
—

 
(0.1
)
Recoveries
—

 
—

 
0.1

 
0.1

Ending balance
$
—

 
$
0.3

 
$
4.4

 
$
4.7

 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

Beginning balance
$
0.3

 
$
—

 
$
—

 
$
0.3

Current period provision
—

 
—

 
—

 
—

Direct write-downs
—

 
—

 
—

 
—

Recoveries
—

 
—

 
—

 
—

Ending balance
$
0.3

 
$
—

 
$
—

 
$
0.3






The following table sets forth activity related to the allowance for doubtful accounts on financing receivables during the six months ended June 29, 2013:
(in millions)
Boat
 
Fitness
 
Bowling & Billiards
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
Beginning balance
$
—

 
$
0.9

 
$
5.4

 
$
6.3

Current period provision
—

 
0.2

 
—

 
0.2

Direct write-downs
—

 
(0.3
)
 
(0.7
)
 
(1.0
)
Recoveries
—

 
(0.3
)
 
(0.2
)
 
(0.5
)
Ending balance
$
—

 
$
0.5

 
$
4.5

 
$
5.0

 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

Beginning balance
$
2.8

 
$
0.2

 
$
—

 
$
3.0

Current period provision
—

 
—

 
—

 
—

Direct write-downs
(2.2
)
 
(0.2
)
 
—

 
(2.4
)
Recoveries
—

 
—

 
—

 
—

Ending balance
$
0.6

 
$
—

 
$
—

 
$
0.6