Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Integration Activities

Restructuring and Integration Activities
9 Months Ended
Oct. 01, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Integration Activities [Text Block]
Restructuring and Integration Activities

The Company acquired Cybex International, Inc. (Cybex) and Indoor Cycling Group GmbH (ICG) in the first and third quarters of 2016, respectively, as discussed in Note 4 –Acquisitions, and executed certain restructuring and integration activities within the Fitness segment related to these acquisitions, resulting in the recognition of restructuring and integration charges in the Condensed Consolidated Statements of Comprehensive Income during 2016.

The following table is a summary of the expense associated with the Fitness segment restructuring and integration activities for the three months and nine months ended October 1, 2016, as discussed above:
(in millions)
Three Months Ended
Nine Months Ended
Restructuring and integration activities:
Employee termination and other benefits


Professional fees




Total restructuring and integration charges


During 2016, the Company made cash payments of $7.5 million relating to all restructuring and integration activities, including payments related to prior period restructuring activities. As of October 1, 2016, accruals remaining for all restructuring and integration activities totaled $2.8 million and are expected to be paid substantially during 2016 and 2017.