Discontinued Operations (Notes) |
3 Months Ended |
|---|---|
Apr. 02, 2022 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Discontinued Operations On June 27, 2019, the Company completed the sale of its Fitness business to KPS Capital Partners, LP. As a result, this business, which was previously reported in the Company's Fitness segment, is being reported as discontinued operations in the Condensed Consolidated Statements of Comprehensive Income and Condensed Consolidated Statements of Cash Flows for all periods presented. Refer to Note 3 in the 2021 Form 10-K for further information.
In connection with the sale of its Fitness business, the Company retained assets of $26.4 million primarily related to VAT receivables, and retained liabilities of $45.1 million primarily related to VAT payables, product warranty liabilities and certain employee benefits. As of April 2, 2022, retained assets and liabilities were $4.0 million and $2.2 million, respectively. As of April 3, 2021, retained assets and liabilities were $4.1 million and $2.2 million, respectively.
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