Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles

v3.7.0.1
Goodwill and Intangibles
6 Months Ended
Jul. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
Goodwill and Other Intangibles

Changes in the Company's goodwill during the six months ended July 1, 2017, by segment, are summarized below:
(in millions)
December 31,
2016
 
Acquisitions
 
Impairments
 
Adjustments
 
July 1,
2017
Marine Engine
$
25.1

 
$

 
$

 
$
0.8

 
$
25.9

Boat
2.2

 

 

 

 
2.2

Fitness
386.5

 

 

 
3.0

 
389.5

    Total
$
413.8

 
$

 
$

 
$
3.8

 
$
417.6

  
Changes in the Company's goodwill during the six months ended July 2, 2016, by segment, are summarized below:
(in millions)
December 31,
2015
 
Acquisitions
 
Impairments
 
Adjustments
 
July 2,
2016
Marine Engine
$
26.2

 
$

 
$

 
$
(0.1
)
 
$
26.1

Boat

 
12.2

 

 

 
12.2

Fitness
272.5

 
82.6

 

 
(0.3
)
 
354.8

    Total
$
298.7

 
$
94.8

 
$

 
$
(0.4
)
 
$
393.1



Adjustments for the six months ended July 1, 2017 and July 2, 2016 primarily relate to the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar.

As of July 1, 2017, December 31, 2016 and July 2, 2016, the Company had no accumulated impairment loss.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of July 1, 2017, December 31, 2016 and July 2, 2016, are summarized below:
 
July 1, 2017
 
December 31, 2016
 
July 2, 2016
(in millions)
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Intangible assets:
 
 
 
 
 
 
 
 
 
 
 
  Customer relationships
$
301.2

 
$
(234.6
)
 
$
300.1

 
$
(231.1
)
 
$
281.8

 
$
(228.3
)
  Trade names
88.3

 

 
88.1

 

 
76.1

 

  Other
22.3

 
(15.5
)
 
22.4

 
(14.7
)
 
19.4

 
(14.0
)
    Total
$
411.8

 
$
(250.1
)
 
$
410.6

 
$
(245.8
)
 
$
377.3

 
$
(242.3
)


Other intangible assets primarily consist of patents. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $2.1 million and $4.1 million for the three months and six months ended July 1, 2017, respectively. Aggregate amortization expense for intangibles was $1.6 million and $3.0 million for the three months and six months ended July 2, 2016, respectively.