Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v2.4.1.9
Discontinued Operations (Tables)
 3 Months Ended
Apr. 04, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of results of operations, assets and liabilities of businesses reported as discontinued operations
The following table discloses the results of operations of the bowling products business reported as discontinued operations for the three months ended April 4, 2015 and for the retail bowling and bowling products businesses reported as discontinued operations for the three months ended March 29, 2014:
 
Three Months Ended
(in millions)
April 4,
2015
 
March 29,
2014
Net sales
$
25.2

 
$
74.3

 
 
 
 
Earnings from discontinued operations before income taxes
0.6

 
12.3

Income tax provision
0.2

 
4.4

Net earnings from discontinued operations, net of tax
$
0.4

 
$
7.9


The following table reflects the summary of assets and liabilities held for sale for the bowling products business as of April 4, 2015 and December 31, 2014 and for the retail bowling and bowling products businesses as of March 29, 2014:
(in millions)
April 4
2015
 
December 31,
2014
 
March 29
2014
Accounts and notes receivable, net
$
13.6

 
$
14.0

 
$
16.9

Net inventory
16.8

 
15.3

 
18.6

Prepaid expenses and other
0.6

 
0.7

 
2.8

Current assets held for sale
31.0

 
30.0

 
38.3

 
 
 
 
 
 
Net property
8.6

 
8.8

 
194.7

Other long-term assets
3.3

 
3.8

 
6.5

Long-term assets held for sale
11.9

 
12.6

 
201.2

Assets held for sale
$
42.9

 
$
42.6

 
$
239.5

 
 
 
 
 
 
Accounts payable
$
5.7

 
$
4.5

 
$
22.9

Accrued expenses
9.8

 
11.2

 
28.4

Current liabilities held for sale
15.5

 
15.7

 
51.3

 
 
 
 
 
 
Other liabilities
7.3

 
8.2

 
9.1

Long-term liabilities held for sale
7.3

 
8.2

 
9.1

Liabilities held for sale
$
22.8

 
$
23.9

 
$
60.4