|6 Months Ended|
Jul. 01, 2017
|Subsequent Events [Abstract]|
On July 18, 2017, the Company's Board of Directors declared a quarterly dividend on its common stock of $0.165 per share. The dividend will be payable September 15, 2017 to shareholders of record as of August 22, 2017.
On July 19, 2017, the Company signed an agreement to acquire Lankhorst Taselaar B.V., a leading marine parts and accessories distribution company based in the Netherlands and Germany. The acquisition will augment the marine parts and accessories businesses through a broader product line and an expanded distribution network. Lankhorst Taselaar will be managed as part of the Company's Marine Engine segment.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef