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Goodwill and Intangibles
 9 Months Ended
Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles [Text Block] Goodwill and Other Intangibles
Changes in the Company's goodwill during the nine months ended September 28, 2024 and September 30, 2023, by segment, are summarized below:
(in millions)PropulsionEngine P&ANavico GroupBoatTotal
December 31, 2023$54.1 $233.0 $599.7 $143.9 $1,030.7 
Acquisitions— — — 28.2 28.2 
Adjustments(0.1)— 1.9 (1.0)0.8 
September 28, 2024$54.0 $233.0 $601.6 $171.1 $1,059.7 
December 31, 2022$14.0 $232.8 $595.8 $125.0 $967.6 
Acquisitions37.1 — — — 37.1 
Adjustments(0.5)(0.1)(1.3)4.8 2.9 
September 30, 2023$50.6 $232.7 $594.5 $129.8 $1,007.6 

Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. Adjustments during the nine months ended September 28, 2024 also include $1.6 million of purchase accounting adjustments from the 2023 Fliteboard and Freedom Boat Club acquisitions, primarily related to income taxes. Adjustments during the nine months ended September 30, 2023 also include $4.8 million of purchase accounting adjustments from the 2022 Freedom Boat Club acquisitions, a majority of which relate to boat fleet fair market value adjustments. There was no accumulated impairment loss on goodwill as of September 28, 2024, December 31, 2023 or September 30, 2023.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of September 28, 2024, December 31, 2023, and September 30, 2023, are summarized by intangible asset type below:

September 28, 2024December 31, 2023September 30, 2023
(in millions)Gross AmountAccumulated AmortizationGross AmountAccumulated AmortizationGross AmountAccumulated Amortization
Intangible assets:
  Customer relationships$913.1 $(463.2)$907.3 $(428.6)$905.1 $(416.7)
  Trade names311.8 — 311.5 — 322.2 — 
  Developed technology 167.6 (32.8)167.5 (24.3)166.4 (21.3)
  Other101.7 (58.3)91.2 (46.6)86.8 (42.7)
    Total$1,494.2 $(554.3)$1,477.5 $(499.5)$1,480.5 $(480.7)

Other intangible assets primarily consist of software, patents, and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $18.2 million and $54.0 million for the three and nine months ended September 28, 2024, respectively. Aggregate amortization expense for intangibles was $17.0 million and $50.8 million for the three and nine months ended September 30, 2023, respectively.

The Company tests its intangible assets for impairment during the fourth quarter of each year, or whenever a change in events and circumstances (triggering event) occurs that indicates the fair value of intangible assets may be below their carrying values. The Company did not record any impairment charges during the nine months ended September 28, 2024. The Company recorded impairment charges of $3.0 million during the three months ended September 30, 2023, associated with the Company's decision to no longer go to market under the Garelick trade name. The Company did not record any other impairment charge during the nine months ended September 30, 2023.