Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles (Notes)

v3.4.0.3
Goodwill and Intangibles (Notes)
3 Months Ended
Apr. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
Goodwill and Other Intangibles

A summary of changes in the Company's goodwill during the three months ended April 2, 2016, by segment, follows:
(in millions)
December 31, 2015
 
Acquisitions
 
Impairments
 
Adjustments
 
April 2,
2016
Marine Engine
$
26.2

 
$

 
$

 
$
(0.2
)
 
$
26.0

Fitness
272.5

 
81.9

 

 
(0.1
)
 
354.3

    Total
$
298.7

 
$
81.9

 
$

 
$
(0.3
)
 
$
380.3

  
A summary of changes in the Company's goodwill during the three months ended April 4, 2015, by segment, follows:
(in millions)
December 31, 2014
 
Acquisitions
 
Impairments
 
Adjustments
 
April 4,
2015
Marine Engine
$
28.0

 
$

 
$

 
$
(1.0
)
 
$
27.0

Fitness
268.9

 

 

 
0.1

 
269.0

    Total
$
296.9

 
$

 
$

 
$
(0.9
)
 
$
296.0



Adjustments for the three months ended April 2, 2016 and April 4, 2015 relate to the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. See Note 4 – Acquisitions for further details on the Company's acquisitions.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of April 2, 2016 and April 4, 2015, are summarized below:
 
April 2, 2016
 
April 4, 2015
(in millions)
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Intangible assets:
 
 
 
 
 
 
 
  Customer relationships
$
281.9

 
$
(227.0
)
 
$
234.3

 
$
(224.0
)
  Trade names
76.2

 

 
31.4

 

  Other
19.4

 
(13.7
)
 
15.5

 
(13.0
)
    Total
$
377.5

 
$
(240.7
)
 
$
281.2

 
$
(237.0
)


Other amortized intangible assets include patents, non-compete agreements and other intangible assets. See Note 4 – Acquisitions for further details on intangibles acquired during 2016. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $1.4 million and $0.8 million for the three months ended April 2, 2016 and April 4, 2015, respectively.