Restructuring, Exit and Integration Activities
|3 Months Ended|
Mar. 28, 2020
|Restructuring and Related Activities [Abstract]|
|Restructuring, Exit and Integration Activities [Text Block]||
Restructuring, Exit and Impairment Activities
During 2019, the Company recorded restructuring charges within the Boat segment related to consolidating its commercial and government products operations in order to rationalize its product line to better align with customer demand. In addition, the Company announced headcount reductions aimed at streamlining the cost structure of its enterprise-wide general and administrative functions. These actions resulted in charges during the three months ended March 28, 2020 and March 30, 2019.
The Company recorded restructuring, exit and impairment charges in the Condensed Consolidated Statements of Comprehensive Income as a result of the activities described above. The following table is a summary of the expense associated with the restructuring, exit and impairment activities discussed above for the three months ended March 28, 2020 and March 30, 2019:
(A) Cash payments for the three months ended March 28, 2020 and March 30, 2019 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of March 28, 2020 are expected to be paid primarily during 2020.
No definition available.
The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef