Annual report pursuant to Section 13 and 15(d)

Acquisitions (Details)

v3.20.4
Acquisitions (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
May 21, 2019
Aug. 09, 2018
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Business Acquisition [Line Items]                
Business Combination, Consideration Transferred $ 64.1              
Debt Instrument, Face Amount   $ 800.0            
Goodwill           $ 417.7 $ 415.0 $ 377.3
Customer Relationships [Member]                
Business Acquisition [Line Items]                
Useful Life           15 years 15 years  
Freedom Boat Club [Member]                
Business Acquisition [Line Items]                
Business Acquisition, Percentage of Voting Interests Acquired 100.00%              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill $ 29.2              
Goodwill 27.3              
Purchase Price Adjustment           $ 0.9    
Freedom Boat Club [Member] | Trade Names [Member]                
Business Acquisition [Line Items]                
Trade Names 13.2              
Freedom Boat Club [Member] | Customer Relationships [Member]                
Business Acquisition [Line Items]                
Customer Relationships $ 11.1              
Useful Life 10 years              
Freedom Boat Club [Member] | Franchise Rights [Member]                
Business Acquisition [Line Items]                
Customer Relationships $ 4.9              
Useful Life 15 years              
Power Products [Member]                
Business Acquisition [Line Items]                
Business Combination, Consideration Transferred   909.6            
Accounts and Notes Receivable   38.3            
Inventory   64.3            
Goodwill [1],[2]   355.5            
Trade Names   111.0            
Property, Plant and Equipment   10.6            
Other Assets   5.6            
Total Assets Acquired   1,015.3            
Accounts Payable [3]   27.3            
Accrued Expenses [2],[3]   22.0            
Deferred Tax Liabilities [2]   56.4            
Total Liabilities Assumed   105.7            
Net Cash Consideration Paid [2]   909.6            
Purchase Price Adjustment     $ 3.9 $ 3.0 $ 4.4      
Pro Forma Net Sales               4,271.1
Pro Forma Operating Earnings               362.8
Pro Forma Net Earnings               $ 239.8
Pro Forma Effective Income Tax Rate               17.20%
Power Products [Member] | Trade Names [Member]                
Business Acquisition [Line Items]                
Customer Relationships   $ 430.0            
Power Products [Member] | Customer Relationships [Member]                
Business Acquisition [Line Items]                
Useful Life   15 years            
Selling, General and Administrative Expenses [Member] | Freedom Boat Club [Member]                
Business Acquisition [Line Items]                
Transaction Costs             $ 2.5  
[1] (A) The goodwill recorded for the acquisition of Power Products is partially deductible for tax purposes.
[2] (C) Includes $3.9 million of purchase accounting adjustments in the third quarter of 2019 primarily related to deferred taxes.
[3] (B) Includes $4.4 million and $3.0 million of purchase accounting adjustments in the first and second quarters of 2019, respectively, primarily related to contingency reserves.