Property, Plant and Equipment

12 Months Ended

Jan. 03, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

(In millions)	January 3, 2015		December 28, 2013
Land	$	4.1	$	3.9
Buildings and improvements	114.3		119.0
Machinery and equipment	194.9		192.1
Software	102.0		101.1
Gross cost	415.3		416.1
Less: accumulated depreciation	278.5		264.2
Property, plant and equipment, net	$	136.8	$	151.9

Depreciation expense was $37.6 million, $37.8 million and $21.2 million for fiscal years 2014, 2013 and 2012, respectively.

The Company leases machinery, equipment and certain warehouse, office and retail store space under operating lease agreements that expire at various dates through 2031. Certain leases contain renewal provisions and generally require the Company to pay utilities, insurance, taxes and other operating expenses.

Minimum rental payments due under all non-cancelable operating leases for the fiscal years subsequent to January 3, 2015 are as follows:

(In millions)	2015		2016		2017		2018		2019		Thereafter
Minimum rental payments	$	50.9	$	45.3	$	38.8	$	33.4	$	28.9	$	125.8

Rental expense under all operating leases, consisting primarily of minimum rentals, totaled $59.2 million in fiscal 2014, $55.9 million in fiscal 2013 and $29.4 million in fiscal 2012.