Annual report pursuant to Section 13 and 15(d)

Restructuring, Exit, Impairment and Integration Activities (Tables)

v3.8.0.1
Restructuring, Exit, Impairment and Integration Activities (Tables)
 12 Months Ended
Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]  
Summary of the Expense Associated with Restructuring, Exit, Impairment and Integration Activities
The following table is a summary of the net expense associated with the restructuring, exit, integration and impairment activities for 2017, 2016 and 2015. The 2017 charges related to actions initiated in 2017 and 2016. The 2016 charges related to actions initiated in 2016 and 2015. The 2015 charges related to actions initiated in 2015.
(in millions)
2017
 
2016
 
2015
Restructuring and exit activities:
 
 
 
 
 
Employee termination and other benefits
$
7.2

 
$
0.6

 
$
0.6

Current asset write-downs
4.9

 
—

 
—

Professional fees
0.2

 
—

 
—

Other
0.9

 
—

 
—

Asset disposition and impairment actions:
 
 
 
 
 
Definite-lived and other asset impairments
—

 
2.3

 
4.1

Intangible asset impairments:
 
 
 
 
 
   Trade name impairment
13.9

 
—

 
—

Integration activities:
 
 
 
 
 
Employee termination and other benefits
2.5

 
4.0

 
—

Professional fees
5.2

 
5.9

 
—

Other
1.8

 
2.4

 
—

Total restructuring, exit, integration and impairment charges
$
36.6

 
$
15.2

 
$
4.7

 
 
 
 
 
 
Total cash payments for restructuring, exit, integration and impairment charges (A)
$
16.2

 
$
10.2

 
$
0.4

Accrued charges at end of the period (B)
$
5.4

 
$
4.6

 
$
1.5

Actions Initiated in 2017 [Member]  
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring, Exit, Impairment and Integration Charges by Type of Cost and Reportable Segment [Table Text Block]
The following table is a summary of the expense associated with the restructuring, exit, integration and impairment activities for the year ended December 31, 2017 and related actions initiated in 2017:
(in millions)
Fitness
 
Boat
 
Corporate
 
Total
Restructuring and exit activities:
 
 
 
 
 
 
 
Employee termination and other benefits
$
3.8

 
$
1.0

 
$
2.4

 
$
7.2

Current asset write-downs
2.7

 
2.2

 
—

 
4.9

Professional fees
—

 
0.2

 
—

 
0.2

Other
0.4

 
0.5

 
—

 
0.9

Intangible asset impairments:
 
 
 
 
 
 
 
Trade name impairment
13.9

 
—

 
—

 
13.9

Total restructuring, exit, integration and impairment charges
$
20.8

 
$
3.9

 
$
2.4

 
$
27.1


Actions Initiated in 2016 [Member]  
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring, Exit, Impairment and Integration Charges by Type of Cost and Reportable Segment [Table Text Block]
The following table is a summary of the expense associated with the restructuring, exit, integration and impairment activities for the year ended December 31, 2017 and 2016 and related actions initiated in 2016:
 
2017
 
2016
(in millions)
Fitness
 
Total
 
Fitness
 
Boat
 
Corporate
 
Total
Restructuring and exit activities:
 
 
 
 
 
 
 
 
 
 
 
Employee termination and other benefits
$
—

 
$
—

 
$
0.4

 
$
0.2

 
$
—

 
$
0.6

Asset disposition and impairment actions:
 
 
 
 
 
 
 
 
 
 
 
Definite-lived and other asset impairments
—

 
—

 
—

 
—

 
1.4

 
1.4

Integration activities:
 
 
 
 
 
 
 
 
 
 
 
Employee termination and other benefits
2.5

 
2.5

 
4.0

 
—

 
—

 
4.0

Professional fees
5.2

 
5.2

 
5.9

 
—

 
—

 
5.9

Other
1.8

 
1.8

 
2.4

 
—

 
—

 
2.4

Total restructuring, exit, integration and impairment charges
$
9.5


$
9.5

 
$
12.7

 
$
0.2

 
$
1.4

 
$
14.3