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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 27, 2014
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of results of operations, assets and liabilities of businesses reported as discontinued operations | The following table discloses the results of operations of the businesses reported as discontinued operations for the three months and nine months ended September 27, 2014 and September 28, 2013, respectively:
| Three Months Ended |  | Nine Months Ended
(in millions) | September 27, 2014 |  | September 28, 2013 |  | September 27, 2014 |  | September 28, 2013
Net sales | $ | 68.8 |  |  | $ | 70.1 |  |  | $ | 209.8 |  |  | $ | 236.2 |
Earnings (loss) from discontinued operations before income taxes | (14.4 | ) |  | (1.4 | ) |  | $ | 0.3 |  |  | 7.3 |
Income tax provision (benefit) | (5.2 | ) |  | (0.4 | ) |  | 0.1 |  |  | (1.0 | )
Earnings (loss) from discontinued operations, net of tax | (9.2 | ) |  | (1.0 | ) |  | 0.2 |  |  | 8.3 |
Gain on disposal of discontinued operations, net of tax (A) | 52.6 |  |  | 1.6 |  |  | 52.6 |  |  | 1.6 |
Net earnings from discontinued operations, net of tax | $ | 43.4 |  |  | $ | 0.6 |  |  | $ | 52.8 |  |  | $ | 9.9 |
(A) The Gain on disposal of discontinued operations for the three months and nine months ended September 27, 2014, includes a pre-tax gain of $65.6 million and a net tax provision of $13.0 million. The Gain on disposal of discontinued operations for the three months and nine months ended September 28, 2013, includes a pre-tax loss of $1.4 million and a net tax benefit of $3.0 million. The following table reflects the summary of assets and liabilities held for sale as of September 27, 2014 for the bowling products business and as of December 31, 2013 and September 28, 2013, for the retail bowling and bowling products businesses:
(in millions) | September 27 2014 |  | December 31, 2013 |  | September 28 2013
Accounts and notes receivable, net | $ | 20.8 |  |  | $ | 18.9 |  |  | $ | 24.3 |
Net inventory | 17.5 |  |  | 15.4 |  |  | 17.1 |
Prepaid expenses and other | 1.0 |  |  | 2.5 |  |  | 2.5 |
Current assets held for sale | 39.3 |  |  | 36.8 |  |  | 43.9 |
Net property | 8.7 |  |  | 197.9 |  |  | 198.1 |
Other long-term assets | 4.3 |  |  | 6.4 |  |  | 6.2 |
Long-term assets held for sale | 13.0 |  |  | 204.3 |  |  | 204.3 |
Assets held for sale | $ | 52.3 |  |  | $ | 241.1 |  |  | $ | 248.2 |
Accounts payable | $ | 6.8 |  |  | $ | 18.0 |  |  | $ | 17.4 |
Accrued expenses | 11.3 |  |  | 31.7 |  |  | 30.5 |
Current liabilities held for sale | 18.1 |  |  | 49.7 |  |  | 47.9 |
Other liabilities | 7.2 |  |  | 9.2 |  |  | 8.8 |
Long-term liabilities held for sale | 7.2 |  |  | 9.2 |  |  | 8.8 |
Liabilities held for sale | $ | 25.3 |  |  | $ | 58.9 |  |  | $ | 56.7 |

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
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