Subsequent Events |
6 Months Ended |
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Jul. 02, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent Events
On July 19, 2016, the Company's Board of Directors declared a quarterly dividend on its common stock of $0.15 per share. The dividend will be payable September 15, 2016 to shareholders of record as of August 23, 2016.
On July 27, 2016, the Company signed an agreement to acquire Indoor Cycling Group GmbH (ICG), a market leader specializing in the design of indoor cycling equipment, which is based in Nuremburg, Germany. The addition of ICG will strengthen the Company's position in indoor cycling and provides a strong foundation to expand in the growing group exercise market. ICG will be managed as part of the Company's Fitness segment.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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