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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

(In millions)	December 31, 2016				January 2, 2016
Land	$	4.1			$	4.1
Buildings and improvements	125.1				105.6
Machinery and equipment	189.6				211.7
Software	115.2				110.1
Gross cost	434.0				431.5
Less: accumulated depreciation	287.9				299.9
Property, plant and equipment, net	$	146.1			$	131.6

Depreciation expense was $29.5 million, $33.1 million and $37.6 million for fiscal years 2016, 2015 and 2014, respectively.

The Company leases machinery, equipment and certain warehouse, office and retail store space under operating lease agreements that expire at various dates through 2035. Certain leases contain renewal provisions and generally require the Company to pay utilities, insurance, taxes and other operating expenses.

Rental expense under all operating leases, consisting primarily of minimum rentals, totaled $55.5 million, $54.8 million and $59.2 million in fiscal years 2016, 2015 and 2014, respectively. The Company recognized sublease income of $0.9 million in fiscal 2016 and is due $4.0 million in future rentals under noncancelable subleases.

Minimum rental payments due under all noncancelable operating leases for the fiscal years subsequent to December 31, 2016 are as follows:

(In millions)	2017				2018				2019				2020				2021				Thereafter
Minimum rental payments	$	47.6			$	43.6			$	39.5			$	35.4			$	33.0			$	159.2

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13-14)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: 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=64827811&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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