Quarterly report pursuant to Section 13 or 15(d)

Restructuring, Exit and Integration Activities

v3.21.2
Restructuring, Exit and Integration Activities
 9 Months Ended
Oct. 02, 2021
Restructuring and Related Activities [Abstract]  
Restructuring, Exit and Integration Activities [Text Block] Restructuring, Exit and Impairment Activities
The Company recorded restructuring, exit and impairment charges in the Condensed Consolidated Statements of Comprehensive Income in 2021 and 2020.

The following table is a summary of those expenses for the three months ended October 2, 2021 and September 26, 2020:
October 2, 2021 September 26, 2020
(in millions) Parts & Accessories Boat Corporate Total Parts & Accessories Boat Corporate Total
Restructuring and exit activities:
Employee termination and other benefits $ —  $ —  $ —  $ —  $ 0.5  $ 0.4  $ 0.1  $ 1.0 
Asset-related —  —  —  —  —  0.4  —  0.4 
Other —  —  —  —  —  0.4  —  0.4 
Total restructuring, exit and impairment charges $ —  $ —  $ —  $ —  $ 0.5  $ 1.2  $ 0.1  $ 1.8 
Total cash payments for restructuring, exit and impairment charges (A)
$ 0.3  $ 0.6  $ —  $ 0.9  $ 0.5  $ 1.3  $ 0.5  $ 2.3 
Accrued charges at end of the period (B)
$ 0.1  $ 0.1  $ —  $ 0.2  $ 0.6  $ 2.0  $ 1.7  $ 4.3 
(A) Cash payments for the three months ended October 2, 2021 and September 26, 2020 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of October 2, 2021 are expected to be paid primarily during 2021.

The following table is a summary of those expenses for the nine months ended October 2, 2021 and September 26, 2020:
October 2, 2021 September 26, 2020
(in millions) Parts & Accessories Boat Corporate Total Parts & Accessories Boat Corporate Total
Restructuring and exit activities:
Employee termination and other benefits $ 0.7  $ —  $ —  $ 0.7  $ 0.8  $ 0.6  $ 1.9  $ 3.3 
Asset-related —  —  —  —  —  0.5  —  0.5 
Other —  —  —  —  —  0.4  0.1  0.5 
Total restructuring, exit and impairment charges $ 0.7  —  $ —  $ 0.7  $ 0.8  $ 1.5  $ 2.0  $ 4.3 
Total cash payments for restructuring, exit and impairment charges (A)
$ 0.9  $ 1.1  $ 1.7  $ 3.7  $ 1.5  $ 5.1  $ 1.8  $ 8.4 
Accrued charges at end of the period (B)
$ 0.1  $ 0.1  $ —  $ 0.2  $ 0.6  $ 2.0  $ 1.7  $ 4.3 
(A) Cash payments for the nine months ended October 2, 2021 and September 26, 2020 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of October 2, 2021 are expected to be paid primarily during 2021.