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Assets And Liabilities Held-For-Sale
 6 Months Ended
Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Assets And Liabilities Held-For-Sale ASSETS AND LIABILITIES HELD-FOR-SALE
We met the relevant criteria for reporting the assets and liabilities of Octane Fitness® as held-for-sale as of June 30, 2020 and as a result assessed the disposal group for losses in accordance with ASC 360. The net carrying value of Octane Fitness® was compared to its fair value less estimated costs to sell as of June 30, 2020. The fair value less estimated costs to sell for the Octane Fitness® disposal group was $14.8 million resulting in a loss on disposal group within continuing operations of $29.0 million. For additional information related to asset and liabilities held-for-sale, see Note 4.

As part of our strategic decision to refocus on the home fitness market we are exploring the options to sell Octane Fitness®. Our expectation is that the sale of Octane Fitness® will occur within the next twelve months. The Octane Fitness disposal group is reported within our Retail segment.

The assets and liabilities of Octane Fitness® disposal group were recorded on the condensed consolidated balance sheets as current assets held-for-sale of $29.1 million and current liabilities held-for-sale of $14.2 million as follows (in thousands):

As of
June 30, 2020
Assets:
Cash and cash equivalents$3,986  
Trade receivables7,765  
Inventories11,538  
Prepaids and other current assets1,054  
Property, plant and equipment, net1,655  
Other intangible assets32,045  
Loss on disposal group(29,013) 
Other assets24  
Total current assets held-for-sale$29,054  
Liabilities:
Trade payables$8,997  
Accrued liabilities2,121  
Warranty obligations3,097  
Income taxes payable99  
Other(100) 
Total current liabilities held-for-sale$14,214