Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles

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Goodwill and Intangibles
 6 Months Ended
Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles [Text Block] Goodwill and Other Intangibles
Changes in the Company's goodwill during the six months ended July 2, 2022 and July 3, 2021, by segment, are summarized below:
(in millions) Propulsion Parts & Accessories Boat Total
December 31, 2021 $ 14.7  $ 814.9  $ 58.8  $ 888.4 
Acquisitions —  —  79.5  79.5 
Adjustments (0.8) (0.5) 0.1  (1.2)
July 2, 2022 $ 13.9  $ 814.4  $ 138.4  $ 966.7 
December 31, 2020 $ 15.3  $ 372.5  $ 29.9  $ 417.7 
Acquisitions —  —  16.8  16.8 
Adjustments (0.2) —  —  (0.2)
July 3, 2021 $ 15.1  $ 372.5  $ 46.7  $ 434.3 


Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. In addition, adjustments during the six months ended July 2, 2022 also include $1.9 million of purchase accounting adjustments from 2021 acquisitions. There was no accumulated impairment loss on Goodwill as of July 2, 2022, December 31, 2021 or July 3, 2021.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of July 2, 2022, December 31, 2021 and July 3, 2021, are summarized by intangible asset type below:
July 2, 2022 December 31, 2021 July 3, 2021
(in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization
Intangible assets:
  Customer relationships $ 897.4  $ (362.4) $ 889.4  $ (340.9) $ 687.6  $ (322.3)
  Trade names 305.4  —  306.1  —  166.3  — 
  Developed technology 160.0  (8.0) 160.0  (2.7) —  — 
  Other 74.3  (28.5) 62.0  (21.8) 18.5  (13.8)
    Total $ 1,437.1  $ (398.9) $ 1,417.5  $ (365.4) $ 872.4  $ (336.1)


Other intangible assets primarily consist of software, 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 $15.4 million and $31.3 million for three and six months ended July 2, 2022, respectively. Aggregate amortization expense for intangibles was $8.0 million and $16.0 million for three and six months ended July 3, 2021, respectively.
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 six months ended July 2, 2022 or July 3, 2021.