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Property, Plant and Equipment

12 Months Ended

Dec. 30, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

Property, plant and equipment consisted of the following:

(In millions)	December 30, 2017				December 31, 2016
Land	$	4.0			$	4.1
Buildings and improvements	103.5				125.1
Machinery and equipment	171.0				189.6
Software	112.6				115.2
Gross cost	391.1				434.0
Less: accumulated depreciation	254.4				287.9
Property, plant and equipment, net	$	136.7			$	146.1

Depreciation expense was $27.8 million, $29.5 million and $33.1 million for fiscal years 2017, 2016 and 2015, 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 $39.9 million, $55.5 million and $54.8 million in fiscal years 2017, 2016 and 2015, respectively. The Company recognized sublease income of $1.9 million and $0.9 million in fiscal years 2017 and 2016, respectively. As of December 30, 2017, the Company is due $19.1 million in future rentals under noncancelable subleases.

Minimum rental payments due and minimum sublease rentals to be received under all noncancelable operating leases for the fiscal years subsequent to December 30, 2017 are as follows:

(In millions)	2018				2019				2020				2021				2022				Thereafter
Minimum rental payments	$	31.2			$	30.2			$	26.8			$	25.1			$	23.3			$	120.8

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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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