Leases (Notes)

6 Months Ended

Jun. 27, 2020

Leases [Abstract]

Lessee, Operating Leases [Text Block]

LEASESThe 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.

The following is a summary of the Company’s lease cost.

	Quarter Ended				Year-To-Date Ended
(In millions)	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Operating lease cost	$	8.1	$	8.2	$	16.3	$	16.2
Variable lease cost	2.7		3.8		6.1		7.3
Short-term lease cost	0.2		0.4		0.5		0.6
Sublease income	(1.1)		(0.9)		(2.3)		(1.9)
Total lease cost	$	9.9	$	11.5	$	20.6	$	22.2

Future undiscounted cash flows for operating leases for the fiscal periods subsequent to June 27, 2020 are as follows:

(In millions)	Operating Leases
Remainder of 2020	$	21.5
2021	30.8
2022	28.1
2023	21.0
2024	18.1
Thereafter	107.6
Total future payments	227.1
Less: imputed interest	50.4
Recognized lease liability	$	176.7