Acquisitions (Notes) |
3 Months Ended |
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Jul. 03, 2021 | |
| Business Combinations [Abstract] | |
| Business Combination Disclosure [Text Block] | Acquisitions 2021 AcquisitionsOn June 23, 2021, the Company entered into a definitive agreement to acquire all of the issued and outstanding shares of Marine Innovations Group AS, known as "Navico," for $1.05 billion. The Company intends to use a combination of debt and cash to fund the acquisition, which is expected to close during the second half of 2021 subject to usual and customary closing conditions as well as regulatory review and approval. Navico is a privately held global company based in Egersund, Norway, and is a global leader in marine electronics and sensors, including multi-function displays, fish finders, autopilots, sonar, radar, and cartography. |
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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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