Quarterly report pursuant to Section 13 or 15(d)

Financing Receivables (Tables)

v2.4.0.6
Financing Receivables (Tables)
 3 Months Ended
Mar. 31, 2012
Receivables [Abstract]  
Financing receivables, excluding trade accounts receivable contractually due within one year, by segment
The following are the Company’s financing receivables, excluding trade accounts receivable contractually due within one year, by segment as of March 31, 2012:
(in millions)
Marine
 Engine
 
Boat
 
Fitness
 
Bowling & Billiards
 
Corporate
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
 
 
 
 
Short-term
$
—

 
$
—

 
$
2.6

 
$
8.1

 
$
—

 
$
10.7

Long-term
—

 
—

 
1.6

 
4.8

 
—

 
6.4

Allowance for credit loss
—

 
—

 
(1.6
)
 
(6.4
)
 
—

 
(8.0
)
Total
—

 
—

 
2.6

 
6.5

 
—

 
9.1

 
 
 
 
 
 
 
 
 
 
 
 
Third-Party Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
5.1

 
2.7

 
32.6

 
0.2

 
—

 
40.6

Long-term
—

 
—

 
29.5

 
—

 
—

 
29.5

Allowance for credit loss
—

 
—

 
—

 
—

 
—

 
—

Total
5.1

 
2.7

 
62.1

 
0.2

 
—

 
70.1

 
 
 
 
 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
9.1

 
2.9

 
3.4

 
—

 
4.6

 
20.0

Long-term
4.0

 
0.6

 
0.4

 
—

 
—

 
5.0

Allowance for credit loss
—

 
(2.5
)
 
(0.4
)
 
—

 
—

 
(2.9
)
Total
13.1

 
1.0

 
3.4

 
—

 
4.6

 
22.1

 
 
 
 
 
 
 
 
 
 
 
 
Total Financing Receivables
$
18.2

 
$
3.7

 
$
68.1

 
$
6.7

 
$
4.6

 
$
101.3










The following are the Company’s financing receivables, excluding trade accounts receivable contractually due within one year, by segment as of December 31, 2011:
(in millions)
Marine
Engine
 
Boat
 
Fitness
 
Bowling & Billiards
 
Corporate
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
 
 
 
 
Short-term
$
—

 
$
—

 
$
3.0

 
$
8.3

 
$
—

 
$
11.3

Long-term
—

 
—

 
1.2

 
4.9

 
—

 
6.1

Allowance for credit loss
—

 
—

 
(1.8
)
 
(6.6
)
 
—

 
(8.4
)
Total
—

 
—

 
2.4

 
6.6

 
—

 
9.0

 
 
 
 
 
 
 
 
 
 
 
 
Third-Party Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
8.3

 
2.9

 
33.6

 
0.2

 
—

 
45.0

Long-term
—

 
—

 
33.1

 
0.1

 
—

 
33.2

Allowance for credit loss
—

 
—

 
—

 
—

 
—

 
—

Total
8.3

 
2.9

 
66.7

 
0.3

 
—

 
78.2

 
 
 
 
 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

 
 

 
 

Short-term
6.1

 
2.6

 
6.0

 
—

 
7.5

 
22.2

Long-term
4.1

 
0.8

 
0.4

 
—

 
0.4

 
5.7

Allowance for credit loss
—

 
(2.6
)
 
(0.4
)
 
—

 
—

 
(3.0
)
Total
10.2

 
0.8

 
6.0

 
—

 
7.9

 
24.9

 
 
 
 
 
 
 
 
 
 
 
 
Total Financing Receivables
$
18.5

 
$
3.7

 
$
75.1

 
$
6.9

 
$
7.9

 
$
112.1

Activity related to allowance for credit loss on financing receivables during the period
The following table sets forth activity related to the allowance for credit loss on financing receivables during the three months ended March 31, 2012:
(in millions)
Boat
 
Fitness
 
Bowling & Billiards
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
Beginning balance
$
—

 
$
1.8

 
$
6.6

 
$
8.4

Current period provision
—

 
0.8

 
—

 
0.8

Direct write-downs
—

 
—

 
(0.2
)
 
(0.2
)
Recoveries
—

 
(1.0
)
 
—

 
(1.0
)
Ending balance
$
—

 
$
1.6

 
$
6.4

 
$
8.0

 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

Beginning balance
$
2.6

 
$
0.4

 
$
—

 
$
3.0

Current period provision
—

 
—

 
—

 
—

Direct write-downs
—

 
—

 
—

 
—

Recoveries
(0.1
)
 
—

 
—

 
(0.1
)
Ending balance
$
2.5

 
$
0.4

 
$
—

 
$
2.9









The following table sets forth activity related to the allowance for credit loss on financing receivables during the three months ended April 2, 2011:
(in millions)
Boat
 
Fitness
 
Bowling & Billiards
 
Corporate
 
Total
Recourse Receivables:
 
 
 
 
 
 
 
 
 
Beginning balance
$
—

 
$
1.4

 
$
8.2

 
$
—

 
$
9.6

Current period provision
—

 
0.9

 
—

 
—

 
0.9

Direct write-downs
—

 
(0.1
)
 
(0.4
)
 
—

 
(0.5
)
Ending balance
$
—

 
$
2.2

 
$
7.8

 
$
—

 
$
10.0

 
 
 
 
 
 
 
 
 
 
Other Receivables:
 

 
 

 
 

 
 

 
 

Beginning balance
$
0.8

 
$
0.7

 
$
—

 
$
2.8

 
$
4.3

Recoveries
—

 
(0.1
)
 
—

 
(2.8
)
 
(2.9
)
Ending balance
$
0.8

 
$
0.6

 
$
—

 
$
—

 
$
1.4