Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Details)

v3.20.4
Discontinued Operations (Details) - USD ($)
3 Months Ended 12 Months Ended
May 06, 2019
Dec. 31, 2020
Sep. 26, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 31, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Jun. 27, 2019
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                          
Net Sales                   $ 0 $ 448,300,000 $ 1,038,300,000  
Cost of Sales                   0 334,600,000 764,300,000  
Selling, General and Administrative Expense                   500,000 [1] 113,300,000 [2] 206,100,000 [1],[2]  
Research and Development Expense                   0 12,600,000 27,400,000  
Restructuring, Exit and Impairment Charges                   0 138,300,000 [3] 26,100,000  
Other (Income), Net                   0 (300,000) (100,000)  
(Loss) Earnings from Discontinued Operations Before Income Taxes                   (500,000) [1] (150,200,000) [2],[3] 14,500,000 [1],[2]  
Income Tax Provision (Benefit)                   0.0 (32,700,000) 2,600,000  
(Loss) Earnings from Discontinued Operations, Net of Tax                   (500,000) [1] (117,500,000) [2],[3] 11,900,000 [1],[2]  
Gain on disposal of discontinued operations, net of tax                   (1,500,000) [4] (43,900,000) [4] 0  
Net (Loss) Earnings from Discontinued Operations, Net of Tax   $ (900,000) $ 1,100,000 $ (500,000) $ (1,700,000) $ (7,900,000) $ (6,400,000) $ (34,600,000) $ (112,500,000) (2,000,000.0) (161,400,000) 11,900,000  
Tax Benefit of Loss from Disposal of Discontinued Operations                   500,000 7,400,000    
Goodwill, Impairment Loss                   0 0 0  
Loss from Disposal of Discontinued Operations, Pre-Tax                   2,000,000.0 51,300,000    
Assets Held for Sale   0       0       0 0    
Disposal Group, Including Discontinued Operation, Liabilities   0       0       0 0    
Fitness [Member]                          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                          
Net Cash Proceeds $ 466,200,000                        
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                      
Retained Assets   4,600,000       16,400,000       4,600,000 16,400,000   $ 26,400,000
Retained Liabilities   12,700,000       $ 30,500,000       12,700,000 30,500,000   $ 45,100,000
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                          
Gain on disposal of discontinued operations, net of tax $ (45,400,000)                        
Goodwill, Impairment Loss, Net of Tax                     103,000,000.0    
Goodwill, Impairment Loss                     137,200,000    
Business Exit Costs                     $ 16,500,000 19,300,000  
Loss from Disposal of Discontinued Operations, Pre-Tax                   $ (500,000)      
Fitness [Member] | Retained Liability [Member]                          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                          
Cash Divested from Divestiture of Businesses   $ 1,200,000                      
Bowling [Member]                          
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                          
Tax Benefit of Loss from Disposal of Discontinued Operations                       2,200,000  
Loss from Disposal of Discontinued Operations, Pre-Tax                       $ 3,000,000.0  
[1] (B) The Company recorded $(0.5) million for the year ended December 31, 2020, primarily resulting from adjustments in certain liabilities as part of the sale of the Fitness business. During 2018, the Company recorded adjustments to certain liabilities that were retained as part of the sale of the bowling businesses. As a result, Earnings (loss) from discontinued operations, net of tax, includes a gain of $3.0 million ($2.2 million after tax) for the year ended December 31, 2018.
[2] (A) The Company recorded $16.5 million and $19.3 million for the year ended December 31, 2019 and December 31, 2018, respectively, of net costs incurred in connection with the sale of its Fitness business
[3] (C) 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, (Loss) earnings from discontinued operations, net of tax, includes a $137.2 million ($103.0 million after tax) goodwill impairment charge for the year ended December 31, 2019.
[4] (D) The Loss on disposal of discontinued operations, net of tax for the year ended December 31, 2020 includes a pre-tax loss of $2.0 million and a net tax benefit of $0.5 million. The Loss on disposal of discontinued operations, net of tax for the year ended December 31, 2019 includes a pre-tax loss of $51.3 million and a net tax benefit of $7.4 million.