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Leases (Notes) | 9 Months Ended
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Sep. 26, 2020
Leases [Abstract] |
Lessee, Operating Leases [Text Block] | LEASES The Company’s leases consist primarily of corporate offices, retail stores, distribution centers, showrooms, vehicles and office equipment. The Company leases assets in the normal course of business to meet its current and future needs while providing flexibility to its operations. The Company enters into contracts with third parties to lease specifically identified assets. Most of the Company’s leases have contractually specified renewal periods. Most retail store leases have early termination clauses that the Company can elect if stipulated sales amounts are not achieved. The Company determines the lease term for each lease based on the terms of each contract and factors in renewal and early termination options if such options are reasonably certain to be exercised. In response to the COVID-19 pandemic and the effect the pandemic had on the Company’s leased properties, the Company has been actively seeking rent relief from its landlords. The Company considered the FASB staff guidance issued in April 2020 in relation to accounting for lease concessions made in connection with the effects of the COVID-19 pandemic and elected to apply the temporary practical expedient to account for rent deferrals and abatements as though the enforceable rights and obligations existed in each contract. Depending on the timing of the future payments, amounts deferred and payable in future periods have been included in “Other accrued liabilities” and “Other liabilities” on the Company’s condensed consolidated balance sheets. The Company continued to recognize lease expense on a straight-line basis for its leases over the related lease terms. The following is a summary of the Company’s lease cost.
| Quarter Ended |  | Year-To-Date Ended
(In millions) | September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
Operating lease cost | $ | 7.9 |  |  | $ | 8.1 |  |  | $ | 24.2 |  |  | $ | 24.3 |
Variable lease cost | 3.0 |  |  | 3.6 |  |  | 9.1 |  |  | 10.9 |
Short-term lease cost | 0.3 |  |  | 0.3 |  |  | 0.8 |  |  | 0.9 |
Sublease income | (1.2) |  |  | (1.0) |  |  | (3.5) |  |  | (2.9) |
Total lease cost | $ | 10.0 |  |  | $ | 11.0 |  |  | $ | 30.6 |  |  | $ | 33.2 |
Future undiscounted cash flows for operating leases for the fiscal periods subsequent to September 26, 2020 are as follows:
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  | Operating Leases
Remainder of 2020 |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10.6 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  | 31.3 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  | 28.4 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  | 21.2 |
2024 |  |  |  |  |  |  |  |  |  |  |  |  | 18.3 |
Thereafter |  |  |  |  |  |  |  |  |  |  |  |  | 107.8 |
Total future payments |  |  |  |  |  |  |  |  |  |  |  |  | 217.6 |
Less: imputed interest |  |  |  |  |  |  |  |  |  |  |  |  | 48.0 |
Recognized lease liability |  |  |  |  |  |  |  |  |  |  |  |  | $ | 169.6 |

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- References No definition available. + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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