Quarterly report pursuant to Section 13 or 15(d)

Financial Services (Details)

v2.4.0.8
Financial Services (Details) (USD $)
 3 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Dec. 31, 2013
Financial Services [Abstract]      
Percentage of ownership held by the entity's subsidiary in a joint venture 49.00%    
Percentage of ownership held by third party in joint venture 51.00%    
Amount of minimum used borrowing capacity under revolving credit facility $ 37,500,000    
Amount of secured borrowing facility funded for joint venture 1,000,000,000    
Total investment of subsidiary in joint venture 13,800,000   11,200,000
Maximum loss exposure relating to joint venture [Abstract]      
Investment 13,800,000   11,200,000
Repurchase and recourse obligations 51,700,000 [1]   51,800,000 [1]
Liabilities 1,200,000 [2]   1,400,000 [2]
Total maximum loss exposure 64,300,000   61,600,000
Amount of recorded income from joint venture investment $ 1,100,000 $ 1,100,000  
[1] Repurchase and recourse obligations are off-balance sheet obligations provided by the Company for the Boat and Marine Engine segments, respectively, and are included within the Maximum Potential Obligations disclosed in Note 8 – Commitments and Contingencies. Repurchase and recourse obligations are mainly related to a global repurchase agreement with GECDF and could be reduced by repurchase activity occurring under other similar agreements with GECDF and affiliates. The Company’s risk under these repurchase arrangements is partially mitigated by the value of the products repurchased as part of the transaction. Amounts above exclude any potential recoveries from the value of the repurchased product.
[2] Represents accrued amounts for potential losses related to recourse exposure and the Company’s expected losses on obligations to repurchase products, after giving effect to proceeds anticipated to be received from the resale of these products to alternative dealers.