XML 39 R23.htm IDEA: XBRL DOCUMENT v3.21.2
NONCONTROLLING INTEREST
 9 Months Ended
Oct. 03, 2021
Equity [Abstract]  
Noncontrolling Interest NONCONTROLLING INTEREST
Noncontrolling Interest in Subsidiary
As discussed in Note 2, in January 2021 we completed the divestiture of LSFC, a joint venture originally established in 2007 in China for the purpose of manufacturing and selling product to the joint venture partners. Prior to the sale, we owned a 50% controlling interest in LSFC.
A roll-forward showing the 2021 activity relating to the noncontrolling interest follows:
Noncontrolling Interest
Balance, December 31, 2020
$3,531 
Net gain attributable to noncontrolling interest1,072 
Divestiture of noncontrolling interest(1,013)
Other comprehensive income - foreign currency translation adjustments5,249 
Balance, October 3, 2021
$8,839 
The remaining noncontrolling interest balance as of October 3, 2021 reflects the portion of sales proceeds attributable to the joint venture partner. The distribution of the sales proceeds will commence upon the completion of certain approvals and other conditions. We expect the distribution to be completed during 2021.