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Related Party Transactions
9 Months Ended
Sep. 28, 2019
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions

Sale of subsidiary – In May 2019, we sold Creative Media Development, Inc., a subsidiary which was part of our North America segment, for $6.5 million. A minority shareholder of the buying group also serves on our Board of Directors. The impact of this sale was a gain of $2.8 million in the nine months ended September 28, 2019 included within other expense (income) in the unaudited consolidated statement of operations. At September 28, 2019, there is no amount due from the related party. This sale did not have a material impact on our results of operations.

Acquired lease – As part our acquisition of VPI, we assumed operating leases on two buildings. The leases are with a former shareholder of VPI, are at market rates and resulted in an operating lease asset of $3.6 million as of the opening balance sheet. One of the leases was modified in August 2019, which increased the value to $4.0 million at September 28, 2019.