PLANNED DIVESTITURE OF AVEDA (Tables)

3 Months Ended

Mar. 31, 2020

PLANNED DIVESTITURE OF AVEDA

Schedule of component of assets and liabilities held for sale

The principal components of the assets and liabilities held for sale are as follows as of March 31, 2020 (in millions):

	March 31,
	2020
Assets
Accounts receivable	$	28.3
Prepaid and other current assets		8.8
Property and equipment, net		30.1
Right-of-use assets		2.6
Total assets held for sale	$	69.8
Liabilities
Accounts payable	$	5.2
Accrued expenses and other liabilities		9.4
Other liabilities		4.2
Deferred tax liabilities		(5.7)
Total liabilities held for sale	$	13.1

The following table reflects revenues, operating income (loss) and net loss of Aveda’s held for sale operations for the three months ended March 31, 2020 and 2019 (in millions):

	Three Months Ended March 31,
	2020		2019
Total revenue	$	32.2	$	42.0
Operating income (loss)	$	(11.9)	$	0.1
Net loss	$	(12.2)	$	(0.6)