Subsequent Events |
6 Months Ended |
|---|---|
Jul. 04, 2015 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 14 – Subsequent Events
On July 8, 2015, the Company acquired 100 percent of privately held SCIFIT Systems, Inc., a provider of fitness equipment designed for active aging seniors, medical wellness and rehabilitation to increase Brunswick's access into these growing markets. SCIFIT will be managed as part of the Company's Fitness segment.
On July 21, 2015, the Company's Board of Directors declared a quarterly dividend on its common stock of $0.125 per share. The dividend will be payable September 15, 2015 to shareholders of record on August 25, 2015.
Effective July 31, 2015, the term of the Company's Brunswick Acceptance Company, LLC (BAC) joint venture with CDF Ventures, LLC, a subsidiary of GE Capital Corporation, was extended through December 31, 2019. BAC commenced operations in 2003 and provides secured wholesale inventory floor-plan financing to Brunswick’s boat and engine dealers. Refer to Note 10 in the Notes to Consolidated Financial Statements in the 2014 Form 10-K for further discussion regarding the BAC agreement.
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