v3.25.2
Restructuring, Exit and Integration Activities
 6 Months Ended
Jun. 28, 2025
Restructuring and Related Activities [Abstract]  
Restructuring, Exit and Integration Activities [Text Block] Restructuring, Exit and Impairment Activities
During the three and six months ended June 28, 2025 and June 29, 2024, the Company recorded restructuring charges related to headcount reductions and related costs associated with streamlining the enterprise-wide cost structure and improving operating efficiencies. The Company also incurred charges related to the rationalization of its manufacturing footprint.
The following table is a summary of these expenses for the three months ended June 28, 2025:
(in millions)PropulsionEngine P&ANavico GroupBoatCorporateTotal
Restructuring, exit and impairment activities:
Employee termination and other benefits$1.2 $0.4 $4.3 $1.0 $0.3 $7.2 
Asset-related— — 0.4 — — 0.4 
Professional fees— — 0.4 — — 0.4 
Total restructuring, exit and impairment charges$1.2 $0.4 $5.1 $1.0 $0.3 $8.0 
Total cash payments for restructuring, exit and impairment charges (A)
$0.7 $0.4 $1.8 $1.2 $0.1 $4.2 
Accrued charges at end of the period (B)
$0.8 $0.2 $3.6 $0.9 $0.3 $5.8 

(A) Cash payments for the three months ended June 28, 2025 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of June 28, 2025 are expected to be paid in the next twelve months.

The following table is a summary of these expenses for the three months ended June 29, 2024:
(in millions)PropulsionEngine P&ANavico Group BoatCorporateTotal
Restructuring, exit and impairment activities:
Employee termination and other benefits$0.4 $0.2 $0.4 $1.7 $0.3 $3.0 
Asset-related— — 4.9 — — 4.9 
Total restructuring, exit and impairment charges$0.4 $0.2 $5.3 $1.7 $0.3 $7.9 
Total cash payments for restructuring, exit and impairment charges (A)
$2.2 $1.1 $1.2 $0.7 $0.5 $5.7 
Accrued charges at end of the period$2.3 $1.5 $0.4 $2.7 $0.4 $7.3 

(A) Cash payments for the three months ended June 29, 2024 may include payments related to prior period charges.

The following table is a summary of these expenses for the six months ended June 28, 2025:
(in millions)PropulsionEngine P&ANavico GroupBoatCorporateTotal
Restructuring, exit and impairment activities:
Employee termination and other benefits$1.2 $0.4 $5.1 $1.3 $0.3 $8.3 
Asset-related— — 0.4 — — 0.4 
Professional fees— — 0.4 — — 0.4 
Total restructuring, exit and impairment charges$1.2 $0.4 $5.9 $1.3 $0.3 $9.1 
Total cash payments for restructuring, exit and impairment charges (A)
$1.8 $0.9 $3.4 $2.4 $0.9 $9.4 
Accrued charges at end of the period (B)
$0.8 $0.2 $3.6 $0.9 $0.3 $5.8 

(A) Cash payments for the six months ended June 28, 2025 may include payments related to prior period charges.
(B) Restructuring, exit and impairment charges accrued as of June 28, 2025 are expected to be paid in the next twelve months.