Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Details)

v3.20.2
Discontinued Operations (Details) - USD ($)
 3 Months Ended 6 Months Ended 9 Months Ended
May 06, 2019
Sep. 26, 2020
Sep. 28, 2019
Jun. 29, 2019
Sep. 26, 2020
Sep. 28, 2019
Jun. 27, 2019
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]              
Net Sales   $ 0 $ 0   $ 0 $ 448,300,000  
Cost of Sales   0 0   0 334,600,000  
Selling, General and Administrative Expense [1]   (2,100,000) 3,200,000   (700,000) 112,300,000  
Research and Development Expense   0 0   0 12,300,000  
Restructuring, Exit and Impairment Charges   0 0   0 138,300,000 [2]  
Loss from Discontinued Operations Before Income Taxes [1]   2,100,000 (3,200,000)   700,000 (149,200,000) [2]  
Income Tax Benefit   600,000 (300,000)   300,000 (40,700,000)  
Loss from Discontinued Operations, Net of Tax [1]   1,500,000 (2,900,000)   400,000 (108,500,000) [2]  
Loss on Disposal of Discontinued Operations, Net of Tax [3]   (400,000) (3,500,000)   (1,500,000) (45,000,000.0)  
Loss from Discontinued Operations, Net of Tax   1,100,000 (6,400,000)   (1,100,000) (153,500,000)  
Loss from Disposal of Discontinued Operations, Pre-Tax   500,000 4,700,000   2,000,000.0 52,400,000  
Tax Benefit of Loss from Disposal of Discontinued Operation   100,000 1,200,000   500,000 7,400,000  
Fitness [Member]              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]              
Net Cash Proceeds $ 466,200,000            
Retained Assets   9,600,000     9,600,000   $ 26,400,000
Retained Liabilities   22,800,000     $ 22,800,000   $ 45,100,000
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]              
Loss on Disposal of Discontinued Operations, Net of Tax $ (45,400,000)            
Goodwill, Impairment Loss       $ 137,200,000      
Goodwill, Impairment Loss, Net of Tax       $ 103,000,000.0      
Business Exit Costs     $ 2,500,000     $ 13,400,000  
Cash Divested from Divestiture of Businesses   (3,300,000)          
Working Capital Settlement from Divestiture of Businesses   (7,500,000)          
Cash True Up from Divestiture of Businesses   5,400,000          
Fitness [Member] | Retained Liability [Member]              
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]              
Cash Divested from Divestiture of Businesses   $ (1,200,000)          
[1] (A) The Company recorded $2.1 million and $0.7 million for the three and nine months ended September 26, 2020, respectively, primarily resulting from adjustments of certain retained liabilities. The Company recorded $2.5 million and $13.4 million for the three and nine months ended September 28, 2019, respectively, of net costs incurred in connection with the sale of the Fitness business.
[2] (B) In the first quarter of 2019, the Company re-evaluated the fair value of the Fitness reporting unit and determined the fair value of the business was less than its carrying value. As a result, the Company recorded a $137.2 million ($103.0 million after tax) goodwill impairment charge for the nine months ended September 28, 2019.
[3] (C) Loss on disposal of discontinued operations, net of tax, for the three months ended September 26, 2020 includes a pre-tax loss of $0.5 million and a tax benefit of $0.1 million. Loss on disposal of discontinued operations, net of tax, for the nine months ended September 26, 2020 includes a pre-tax loss of $2.0 million and a tax benefit of $0.5 million. Loss on disposal of discontinued operations, net of tax, for the three months ended September 28, 2019 includes a pre-tax loss of $4.7 million and a tax benefit of $1.2 million. Loss on disposal of discontinued operations, net of tax, for the nine months ended September 28, 2019 includes a pre-tax loss of $52.4 million and a tax benefit of $7.4 million.