Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles

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Goodwill and Intangibles
 9 Months Ended
Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles [Text Block] Goodwill and Other Intangibles
Changes in the Company's goodwill during the nine months ended October 2, 2021 and September 26, 2020, by segment, are summarized below:
(in millions) Propulsion Parts and Accessories Boat Total
December 31, 2020 $ 15.3  $ 372.5  $ 29.9  $ 417.7 
Acquisitions —  7.1  19.8  26.9 
Adjustments (0.4) (0.2) (0.2) (0.8)
October 2, 2021 $ 14.9  $ 379.4  $ 49.5  $ 443.8 
December 31, 2019 $ 14.5  $ 371.9  $ 28.6  $ 415.0 
Adjustments —  —  1.3  1.3 
September 26, 2020 $ 14.5  $ 371.9  $ 29.9  $ 416.3 

See Note 5 – Acquisitions for further details on the Company's acquisitions. Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. Adjustments in the Boat segment for the nine months ended September 26, 2020 also relate to finalizing purchase accounting related to the Freedom Boat Club acquisition, primarily related to deferred taxes. There was no accumulated impairment loss on Goodwill as of October 2, 2021, December 31, 2020 or September 26, 2020.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of October 2, 2021, December 31, 2020 and September 26, 2020, are summarized by intangible asset type below:
October 2, 2021 December 31, 2020 September 26, 2020
(in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization
Intangible assets:
  Customer relationships $ 701.7  $ (329.9) $ 687.7  $ (306.4) $ 687.0  $ (298.2)
  Trade names 173.0  —  166.2  —  165.8  — 
  Other 18.5  (14.1) 18.5  (13.7) 18.4  (13.4)
    Total $ 893.2  $ (344.0) $ 872.4  $ (320.1) $ 871.2  $ (311.6)

Other intangible assets primarily consist of patents and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $8.3 million and $24.3 million for three and nine months ended October 2, 2021, respectively. Aggregate amortization expense for intangibles was $8.0 million and $24.0 million for the three and nine months ended September 26, 2020, respectively.
The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of October 2, 2021, December 31, 2020 and September 26, 2020, are summarized by segment below:
October 2, 2021 December 31, 2020 September 26, 2020
(in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization
Propulsion $ 1.0  $ (0.5) $ 1.0  $ (0.5) $ 1.0  $ (0.5)
Parts and Accessories 637.3  (134.8) 618.8  (112.4) 617.6  (104.5)
Boat 254.9  (208.7) 252.6  (207.2) 252.6  (206.6)
   Total $ 893.2  $ (344.0) $ 872.4  $ (320.1) $ 871.2  $ (311.6)
The Company tests its intangible assets for impairment during the fourth quarter of each year, or whenever a significant change in events and circumstances (triggering event) occurs that indicates the fair value of intangible assets may be below their carrying values. The Company did not record an impairment charge during the nine months ended October 2, 2021 or September 26, 2020.