Nortek 10-Q 3 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 26, 2015	Oct. 29, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	NORTEK INC
Entity Central Index Key	1,216,596
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 26, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		16,264,195

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions		Sep. 26, 2015	Dec. 31, 2014
Current Assets:
Unrestricted cash and cash equivalents		$ 27.8	$ 58.4
Restricted cash		0.2	0.6
Accounts receivable, less allowances of $3.2 million and $3.7 million, respectively		347.6	324.9
Inventories:
Raw materials		111.8	111.8
Work in process		30	28.3
Finished goods		243.8	234.2
Inventory, Net		385.6	374.3
Prepaid expenses		21.2	18.4
Other current assets		12.5	10.1
Tax refunds receivable		8.7	8
Deferred tax assets		43.7	28.1
Total current assets		847.3	822.8
Property and Equipment, at Cost:
Land		16.9	17.9
Buildings and improvements		110.9	118.5
Machinery and equipment		320.7	297.8
Gross property and equipment		448.5	434.2
Less accumulated depreciation		226.3	196.2
Total property and equipment, net		222.2	238
Other Assets:
Goodwill	[1]	504.3	474.3
Intangible assets, less accumulated amortization of $260.2 million and $210.9 million, respectively		624.6	642.6
Deferred debt expense		14.2	17.3
Restricted investments		1	0.9
Other assets		13.1	13.2
Total other long-term assets		1,157.2	1,148.3
Total Assets		2,226.7	2,209.1
Current Liabilities:
Short-term bank obligations		0.5	0.6
Current maturities of long-term debt		7.3	6.3
Accounts payable		271.7	288.8
Accrued expenses, taxes, and deferred revenue		240.1	222.4
Total current liabilities		519.6	518.1
Other Liabilities:
Deferred income taxes		122.9	123.5
Other		181.8	185.9
Total other long-term liabilities		304.7	309.4
Notes, Mortgage Notes and Obligations Payable, Less Current Maturities		1,395.6	$ 1,339.4
Commitments and Contingencies (Note G)
Stockholders' Investment:
Preferred stock, $0.01 par value, 10,000,000 authorized shares; none issued and outstanding at September 26, 2015 and December 31, 2014		0	$ 0
Common stock, $0.01 par value, 90,000,000 authorized shares; 17,039,592 shares and 16,986,493 shares issued at September 26, 2015 and December 31, 2014, respectively		0.2	0.2
Additional paid-in capital		255.2	249.4
Accumulated deficit		(147.7)	(117.1)
Accumulated other comprehensive loss		(42.8)	(35.7)
Less: Treasury stock at cost, 775,833 shares and 732,340 shares at September 26, 2015 and December 31, 2014, respectively		(58.1)	(54.6)
Total stockholders' investment		6.8	42.2
Total Liabilities and Stockholders' Investment		$ 2,226.7	$ 2,209.1
[1]	The CAS and combined AVC reporting units did not have goodwill for any periods presented.

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Sep. 26, 2015	Dec. 31, 2014
Current Assets:
Allowance for doubtful accounts	$ 3.2	$ 3.7
Other Assets:
Accumulated amortization of intangible assets	$ 260.2	$ 210.9
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	17,039,592	16,986,493
Treasury stock, shares	775,833	732,340

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Income Statement [Abstract]
Net Sales	$ 618.5	$ 642.9	$ 1,895.1	$ 1,909.3
Cost of products sold	442.5	452.9	1,354.2	1,355.4
Gross profit	176	190	540.9	553.9
Selling, general and administrative expense, net	141.1	141.7	430.5	416
Loss on sale of assets	2.9	0	2.9	0
Impairment of long-lived assets and goodwill	0	0	1.2	80.4
Amortization of intangible assets	17.1	14.9	49	43.7
Operating earnings	14.9	33.4	57.3	13.8
Net interest expense	(24)	(27.3)	(76.1)	(78)
Loss from debt retirement	0	(0.5)	(14.8)	(2.3)
(Loss) earnings before provision (benefit) for income taxes	(9.1)	5.6	(33.6)	(66.5)
Provision (benefit) for income taxes	5.3	1	(3)	(16.3)
Net (loss) earnings	$ (14.4)	$ 4.6	$ (30.6)	$ (50.2)
Basic (loss) earnings per share (in dollars per share)	$ (0.90)	$ 0.29	$ (1.92)	$ (3.22)
Diluted (loss) earnings per share (in dollars per share)	$ (0.90)	$ 0.29	$ (1.92)	$ (3.22)
Weighted Average Common Shares:
Basic (in shares)	15,953,891	15,671,819	15,939,145	15,576,327
Diluted (in shares)	15,953,891	16,099,917	15,939,145	15,576,327

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (14.4)	$ 4.6	$ (30.6)	$ (50.2)
Other comprehensive (loss) income, net of tax:
Currency translation adjustment	(4)	(4.4)	(7.8)	(4.8)
Pension liability adjustments:
Currency translation on pension liabilities	0	0.6	(0.1)	0.3
Amortization of cumulative loss	0.4	0	1.1	0
Deferred income taxes on pension liability	(0.1)	0	(0.3)	0
Total pension liability, net of tax	0.3	0.6	0.7	0.3
Other comprehensive loss	(3.7)	(3.8)	(7.1)	(4.5)
Comprehensive (loss) income	$ (18.1)	$ 0.8	$ (37.7)	$ (54.7)

UNAUDITED CONDENSED CONSOLIDAT6

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Cash flows from operating activities:
Net loss	$ (30.6)	$ (50.2)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation expense	37.8	31.6
Amortization expense, including increase to cost of products sold for inventory acquired in business combinations	49.5	45.5
Non-cash impairment charges	1.2	80.4
Loss from debt retirement	14.8	2.3
Non-cash interest expense, net	2.3	1.8
Non-cash share-based compensation expense	3.7	4.9
Excess tax benefit on share-based awards	(0.5)	(6.4)
Loss (gain) on sale of assets	3	(0.3)
Deferred income tax benefit	(16.5)	(44.3)
Changes in certain assets and liabilities, net of effects from acquisitions:
Accounts receivable, net	(26)	(64.8)
Inventories	(14)	(85)
Prepaid and other current assets	(2.8)	2.9
Accounts payable	(12.8)	74.6
Accrued expenses, taxes, and deferred revenue	19.3	26.7
Long-term assets, liabilities and other, net	(7.8)	(2.1)
Total adjustments to net loss	51.2	67.8
Net cash provided by operating activities	20.6	17.6
Cash flows from investing activities:
Capital expenditures	(29.1)	(27.7)
Net cash paid for businesses acquired and dispositions	(64.7)	(254.9)
Proceeds from the sale of property and equipment	0.1	1.6
Change in restricted cash and marketable securities	0.2	0.3
Other, net	(0.4)	(1.4)
Net cash used in investing activities	(93.9)	(282.1)
Cash flows from financing activities:
Proceeds from ABL and other borrowings	340.7	142.4
Payment of ABL and other borrowings	(293.2)	(144.8)
Redemption of the 10% Senior Notes due 2018, including redemption premium	(262.5)	0
Net proceeds from borrowings under the senior secured term loan facility due 2020	261.8	349.1
Redemption of the senior secured term loan facility due 2017	0	(93)
Fees paid in connection with debt facilities	(2.7)	(6.3)
Net use from equity transactions	(1.9)	(4)
Excess tax benefit on share-based awards	0.5	6.4
Other, net	0	0
Net cash provided by financing activities	42.7	249.8
Net change in unrestricted cash and cash equivalents	(30.6)	(14.7)
Unrestricted cash and cash equivalents at the beginning of the period	58.4	80.9
Unrestricted cash and cash equivalents at the end of the period	$ 27.8	$ 66.2

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Nortek, Inc. (“Nortek”) and all of its wholly owned subsidiaries (collectively the “Company”) is a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. Operating within five principal reporting segments (see Note I, “Segment Information and Concentration of Risk” ), the Company manufactures and sells, primarily in the United States, Canada and Europe, with additional manufacturing in China and Mexico, a wide variety of products for the remodeling and replacement markets, the residential and commercial new construction markets, the manufactured housing market, and the personal and enterprise computer markets. The Company operates on a calendar year, and each interim period is comprised of two 4-week periods and one 5-week period, with each week ending on a Saturday. The Company's fiscal year always begins on January 1 and ends on December 31. As a result, the Company's first and fourth quarters may have more or less days included than a traditional 4-4-5 fiscal calendar, which consists of 91 days. The three months ended September 26, 2015 ("third quarter of 2015") and September 27, 2014 ("third quarter of 2014") each include 91 days. The first nine months ended September 26, 2015 ("nine months of 2015") and September 27, 2014 ("nine months of 2014") include 269 days and 270 days, respectively. The accompanying unaudited condensed consolidated financial statements reflect the financial position, results of operations, comprehensive (loss) income, and cash flows of the Company after elimination of intercompany accounts and transactions, without audit and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary for a fair statement of the interim periods presented. Although certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been omitted, the Company believes that the disclosures included are adequate to make the information presented herein not misleading. Operating results for the third quarter and nine months of 2015 and 2014 are not necessarily indicative of the results that may be expected for other interim periods or for any fiscal year. Certain amounts in the prior periods' unaudited condensed consolidated financial statements have been reclassified to conform to the current period presentation. As a result of certain acquisitions and a disposition as discussed in Note B, “Acquisitions and Dispositions” , the operating results of these acquired entities are included in the Company’s consolidated results of operations from the date of acquisition prospectively and the results of operations from dispositions are excluded commencing on the date of disposition. The Company has entered into certain arrangements with an independent third party in Mexico related to the Company’s manufacturing operations in Mexico. The Company has evaluated the operating entities that were formed under these arrangements and has determined that these entities are variable interest entities in accordance with Accounting Standards Codification ("ASC") 810, "Consolidation" ("ASC 810"). The Company has concluded that it is the primary beneficiary of these entities since it has both the power to direct activities that most significantly impact the entities' economic performance and the obligation to absorb losses that could potentially be significant since the Company is responsible for all operating decisions and all operating costs of these entities. As a result, the Company is consolidating the results of these entities in accordance with ASC 810. For the third quarter and nine months of 2015 and 2014, the results of operations of these entities included in the Company’s statement of operations were not material. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes included in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2014 ("2014 Form 10-K") and Current Reports on Form 8-K as filed with the Securities and Exchange Commission ("SEC"). During the second quarter of 2015, the Company transferred the management of its UK commercial HVAC subsidiary from the Custom and Commercial Air Solutions ("CAS") segment to the Residential and Commercial HVAC ("RCH") segment. As a result, the Company has restated prior period segment disclosures to conform to the new segment composition. This UK subsidiary did not have any goodwill or other long-lived assets; as such, the Company was not required to perform a long-lived asset impairment analysis. New Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement Period Adjustments ("ASU 2015-16"), as part of its simplification initiative. Under ASU 2015-16, an acquirer would be required to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Further, the acquirer must record, in the financial statements for the same period, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. Under ASU 2015-16, entities must also present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The guidance in ASU No. 2015-16 is effective for periods beginning after December 15, 2015 and should be applied prospectively to adjustments to provisional amounts that occur after the effective date. Early adoption is permitted for financial statements that have not been issued. The Company adopted this pronouncement in the third quarter of 2015 and the adoption of this standard did not have a material effect on the Company's consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) - Simplifying the Measurement of Inventory ("ASU 2015-11"), which simplifies the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined by methods other than last-in first-out ("LIFO") and the retail inventory method. The guidance in ASU No. 2015-11 is effective for periods beginning after December 15, 2016 and early adoption is permitted. The Company will adopt this pronouncement in the first quarter of 2017 and is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. In April 2015, the FASB issued ASU No. 2015-05, Intangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40) - Customer's Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"), which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. Consequently, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. ASU 2015-05 will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. An entity can elect to adopt the amendments either (1) prospectively to all arrangements entered into or materially modified after the effective date or (2) retrospectively. The Company will adopt this pronouncement in the first quarter of 2016 and is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"), which provides guidance on simplifying the presentation of debt issuance costs on the balance sheet. To simplify presentation of debt issuance costs, the amendments in ASU No. 2015-03 require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. In August 2015, the FASB issued ASU No. 2015-15, Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update) ("ASU 2015-15"), to address the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Under ASU 2015-15, entities are permitted to defer and present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of credit-arrangement. ASU 2015-03 and ASU 2015-15 are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period and early adoption is permitted for financial statements that have not yet been previously issued. In accordance with ASU 2015-03 and ASU 2015-15, companies should apply the new guidance on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, an entity is required to comply with the applicable disclosures for a change in an accounting principle. The Company will adopt these pronouncements in the first quarter of 2016. Adoption is not expected to have a material effect on the Company's consolidated financial statements, but will affect balance sheet classification. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis ("ASU 2015-02"). The amendments of ASU No. 2015-02 were issued in an effort to minimize situations under previously existing guidance in which a reporting entity was required to consolidate another legal entity in which that reporting entity did not have: (1) the ability through contractual rights to act primarily on its own behalf; (2) ownership of the majority of the legal entity's voting rights; or (3) the exposure to a majority of the legal entity's economic benefits. ASU No. 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. The guidance in ASU No. 2015-02 is effective for periods beginning after December 15, 2015 and early adoption is permitted. The Company will adopt this pronouncement in the first quarter of 2016. Adoption is not expected to have a material effect on the Company's consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40) ("ASU 2014-15"), which provides guidance about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term "substantial doubt", (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). ASU 2014-15 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early adoption is permitted. The Company will adopt this pronouncement in the first quarter of 2017 and does not expect adoption to have a material effect on the Company's consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718) ("ASU 2014-12"), which clarifies the accounting for share based payments in which the terms of the award provide that a performance target can be achieved after the requisite service period. ASU 2014-12 is effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted and an entity may apply the amendments in ASU 2014-12 either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The Company adopted this pronouncement in the third quarter of 2015 and the adoption of this standard did not have a material effect on the Company's consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). ASU 2014-09 is a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle under ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also specifies the accounting for some costs to obtain or fulfill a contract with a customer. ASU 2014-09 also requires additional disclosures about the nature, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. On July 9, 2015, the FASB decided to defer the effective date for this standard to annual periods beginning after December 15, 2017 and interim periods therein. Early adoption is permitted, but not before January 1, 2017, and an entity may apply the amendments in ASU 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying ASU 2014-09 at the date of initial application. Currently, the Company is evaluating both the method of adoption and the impact adoption will have on its consolidated financial statements. In evaluating the method of adoption, the Company is considering a number of factors, including the disclosure requirements and related processes and controls required, as well as, the overall industry and peer public company adoption method trends. In April 2014, the FASB issued ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity ("ASU 2014-08"), which changes the criteria for reporting discontinued operations. ASU 2014-08 also requires additional disclosures about discontinued operations including, among others, the major classes of line items constituting the pretax profit and loss of the discontinued operation, either the total operating and investing cash flow of the discontinued operation or the depreciation, amortization, capital expenditures, and significant operating and investing non-cash items of the discontinued operation, a reconciliation of the major classes of assets and liabilities of the discontinued operation classified as held for sale to total assets and total liabilities of the disposal group classified as held for sale that is presented on the face of the balance sheet, and a reconciliation of the major classes of line items constituting the pretax profit or loss of the discontinued operation to the after-tax profit or loss of the discontinued operation that is presented on the face of the income statement. ASU 2014-08 also requires entities to provide disclosures about a disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation and expands the disclosures about an entity's significant continuing involvement with a discontinued operation. ASU 2014-08 is effective prospectively for both (1) disposals of components of an entity and (2) businesses that, on acquisition are classified as held for sale, that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. The Company adopted this standard in the first quarter of 2015. The adoption of this standard did not have a material effect on the Company's consolidated financial statements.

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 26, 2015
Business Combinations [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions Reznor Acquisition On April 30, 2014, the Company completed the acquisition of the heating, ventilation and air conditioning business of Thomas & Betts Corporation ("Reznor") for approximately $260.0 million in cash, plus additional payments of approximately $2.6 million for working capital and other post-closing adjustments, of which approximately $1.9 million was paid in the second quarter of 2014 and approximately $0.7 million was paid during the fourth quarter of 2014. Reznor manufactures industrial and commercial HVAC products, including an extended range of gas fired air heaters, air handling units, condensing units and rooftop units. The results of Reznor have been included in the Company's results of operations since the date of acquisition and have been included in the Company's RCH segment. The following is a summary of the accounting for the assets acquired and liabilities assumed (dollar amounts in millions): Current assets (1) $ 46.9 Property and equipment 17.0 Goodwill 103.8 Intangible assets 125.0 Current liabilities (2) (18.8 ) Deferred income taxes (9.7 ) Other long-term liabilities (1.6 ) $ 262.6 (1) Includes cash of approximately $7.0 million , accounts receivable of approximately $17.5 million , inventories of approximately $20.5 million , prepaid and other current assets of approximately $1.0 million , and current deferred taxes of approximately $0.9 million . Inventories include a fair value adjustment to the historical carrying value of approximately $1.8 million . (2) Includes accounts payable of approximately $12.3 million and accrued expenses and taxes of approximately $6.5 million . The excess of the purchase price paid over the net assets acquired is recorded as goodwill, which is primarily attributable to the Company's belief that the acquisition of Reznor positions Nortek to service a broader portion of the HVAC market. Approximately $76.1 million of goodwill associated with the acquisition will be deductible for income tax purposes. The Company completed its valuation process and the related accounting for this acquisition in the first quarter of 2015. There were no material changes to its provisional acquisition accounting. The total fair value of intangible assets was approximately $125.0 million . The Company has determined that all of the intangible assets are subject to amortization and that they will have no residual value at the end of the amortization periods. The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (dollar amounts in millions): Fair Value Weighted Average Useful Lives Customer relationships $ 64.8 11.1 Completed Technology 20.4 5.0 Trademarks 39.7 20.0 Other 0.1 3.8 $ 125.0 12.9 The unaudited pro forma net sales, operating earnings, net loss, basic and diluted loss per share, and depreciation and amortization expense for the Company as a result of the acquisition of Reznor for the nine months of 2014 were as follows (amounts in millions, except loss per share data): Net sales $ 1,961.4 Operating earnings 23.9 Net loss (44.3 ) Basic loss per share (2.84 ) Diluted loss per share (2.84 ) Depreciation & amortization expense 82.7 These amounts were determined assuming that the acquisition of Reznor had occurred on January 1, 2014 and include pro forma adjustments to reflect (i) additional depreciation and amortization expense related to the estimates of the fair values of acquired tangible and intangible assets, (ii) changes in interest expense related to financing transactions due, in part, to funding the acquisition, and (iii) other pro forma adjustments that the Company considered appropriate related to the acquisition of Reznor. The transaction costs incurred in the nine months of 2014 of approximately $6.1 million related to the acquisition of Reznor have been excluded from the unaudited pro forma operating earnings, net loss, and basic and diluted loss per share. These pro forma amounts are not necessarily indicative of the amounts that would have been achieved had the acquisition taken place as of January 1, 2014, nor are they necessarily indicative of the results for future periods. The acquisition of Reznor contributed approximately $35.5 million and $38.0 million to net sales for the third quarter of 2015 and 2014, respectively, and contributed approximately $109.0 million and $61.8 million to net sales for the nine months of 2015 and 2014, respectively. The acquisition of Reznor contributed operating earnings of approximately $1.0 million (which includes depreciation and amortization expense of approximately $4.4 million ) and $1.8 million (which includes depreciation and amortization expense of approximately $3.5 million and approximately $0.3 million of increased cost of products sold due to the recognition of inventory at its acquisition date fair value) to the operating results for the third quarter of 2015 and 2014, respectively, and contributed operating earnings of approximately $3.4 million (which includes depreciation and amortization expense of approximately $12.2 million ) and $0.4 million (which includes depreciation and amortization expense of approximately $5.8 million and approximately $1.8 million of increased cost of products sold due to the recognition of inventory at its acquisition date fair value) to the operating results for the nine months of 2015 and 2014, respectively. Phoenix Acquisition On October 8, 2014, one of the Company's subsidiaries in the RCH segment completed the acquisition of substantially all of the assets of the HVAC distribution business of privately owned Phoenix Wholesale, Inc. ("Phoenix"). The Company acquired this business for an aggregate purchase price of approximately $13.9 million , all of which was paid in cash. Approximately $1.6 million of the purchase price was retained by the Company as deferred acquisition consideration to be paid upon finalization of certain working capital and other purchase price adjustments and was included in accrued expenses, taxes, and deferred revenue in the Company’s consolidated balance sheet as of December 31, 2014. These working capital and other purchase price adjustments were finalized and paid in February 2015. In addition, approximately $1.0 million of the purchase price is held in escrow to cover general business representations and warranties. This amount will be paid 18 months after the closing date. The Company completed its valuation process and the related accounting for this acquisition in the first quarter of 2015. There were no material changes to its provisional acquisition accounting. The acquisition of Phoenix contributed approximately $5.6 million to net sales for the third quarter of 2015 and an operating loss of approximately $1.0 million (which includes depreciation and amortization expense of approximately $0.3 million ) to the operating results for the third quarter of 2015. The acquisition of Phoenix contributed approximately $15.3 million to net sales for the nine months of 2015 and an operating loss of approximately $3.5 million (which includes depreciation and amortization expense of approximately $0.8 million ) to the operating results for the nine months of 2015. The results of Phoenix have been included in the Company’s consolidated financial statements since the date of acquisition within the RCH segment. Pro forma results related to the acquisition of Phoenix have not been presented, as the effect is not significant to the Company's consolidated operating results. Anthro Acquisition On January 21, 2015, one of the Company's subsidiaries in the Ergonomic and Productivity Solutions ("ERG") segment completed the acquisition of all of the outstanding stock of Anthro Corporation (“Anthro”), a fully integrated business with in-house capability to design/develop, manufacture and market its technology furniture products. Anthro’s key products include charging carts (for electronics, including tablets, laptops and other mobile devices) and height adjustable desks and technology carts. Anthro has been integrated into the Company’s ERG segment. The Company completed the acquisition of Anthro to expand its technology and product offerings of the ERG segment. The Company acquired this business for an initial aggregate purchase price of approximately $51.0 million , of which approximately $50.8 million was paid in cash and an additional $0.2 million related to the amount of consideration being paid in excess of the fair value of certain services provided by the former stockholders of Anthro. Approximately $5.0 million of the purchase price is held in escrow to cover general business representations and warranties. This amount will be paid 18 months after the closing date. During the third quarter of 2015, the Company received approximately $0.7 million for working capital and other purchase price adjustments. As a result, the final adjusted purchase price was approximately $50.3 million . Acquisition-related costs were expensed as incurred within selling, general and administrative expense, net ("SG&A") in the Company’s consolidated statement of operations and were not material. The Company has made preliminary estimates of the fair value of the assets and liabilities of Anthro, including certain tangible and intangible assets and liabilities, utilizing information available at the time that the Company's unaudited condensed consolidated financial statements were prepared and these estimates are subject to refinement until all pertinent information has been obtained. These non-recurring fair value measurements are primarily determined using unobservable inputs. Accordingly, these fair value measurements are classified within Level 3 of the fair value hierarchy. The Company will complete the following procedures, among others, prior to finalizing the acquisition method of accounting for Anthro: • Finalize the appraisals of intangible assets • Finalize the analysis of certain acquired liabilities and assets based on gathering additional information from the time of the acquisition Based on the Company’s preliminary evaluation of the assets and liabilities acquired, the Company determined that the fair value of tangible net assets acquired was approximately $5.2 million , including cash of approximately $0.6 million and a fair value adjustment related to inventory acquired of approximately $0.5 million which was recognized in cost of products sold during the first quarter of 2015. In addition, approximately $19.6 million was recognized for definite-lived intangible assets, and approximately $25.5 million was recorded to goodwill. The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (dollar amounts in millions): Fair Value Weighted Average Useful Lives Developed technology $ 13.3 4.0 Customer relationships 2.2 4.5 Trade names 3.9 5.0 Favorable lease arrangements 0.2 3.0 $ 19.6 4.3 The factors contributing to the recognition of goodwill were based upon the Company’s determination that several strategic and synergistic benefits are expected to be realized from the combination. Although this transaction was the acquisition of stock, the parties agreed that pursuant to the applicable tax regulations that the purchase and sale of shares in connection with the acquisition will be treated for U.S. federal and applicable state and local income tax purposes as a transfer of assets. Therefore, substantially all of the goodwill is expected to be deductible for tax purposes. The acquisition of Anthro contributed approximately $12.5 million to net sales for the third quarter of 2015 and operating earnings of approximately $1.2 million (which includes depreciation and amortization expense of approximately $1.3 million ) to the operating results for the third quarter of 2015. The acquisition of Anthro contributed approximately $29.2 million to net sales for the nine months of 2015 and operating earnings of approximately $1.1 million (which includes depreciation and amortization expense of approximately $3.5 million and approximately $0.5 million of increased cost of products sold due to the recognition of inventory at its acquisition date fair value) to the operating results for the nine months of 2015. The results of Anthro have been included in the Company’s consolidated financial statements since the date of acquisition within the ERG segment. Pro forma results related to the acquisition of Anthro have not been presented, as the effect is not significant to the Company's consolidated operating results. Numera Acquisition On June 30, 2015, one of the Company’s wholly-owned subsidiaries completed the acquisition of certain assets and liabilities related to the mobile personal emergency response system and telehealth business of Numera, Inc. (“Numera”), a privately held company. The acquired operations have been integrated into the Company’s Security and Controls Solutions (“SCS”) segment. The Company completed the acquisition to expand its technology and product offerings of the SCS segment. The Company acquired certain assets and liabilities of Numera for an aggregate initial all cash purchase price of approximately $12.0 million , of which approximately $1.5 million was deposited into an escrow account with a third party escrow agent. In addition to the initial purchase price consideration, the Company could be required to pay an additional purchase price of up to $28.0 million , which is based on the amount by which future sales, as defined under the purchase agreement, exceed $12.1 million during the period from March 29, 2015 through March 26, 2016. The fair value of the contingent consideration was determined to be approximately $3.7 million as of the acquisition date resulting in a total purchase price of approximately $15.7 million . Any prospective changes in the fair value of the contingent consideration as a result to changes of the inputs used in the estimate of fair value will be recorded to cost of products sold in the Company’s condensed consolidated statements of operations. The Company recorded its estimate of the fair value of the contingent consideration based on the evaluation of the likelihood of the achievement of the contractual conditions that would result in the payment of the contingent consideration. The Company’s fair value of the contingent consideration was determined using an option pricing model. The real option approach methodology applies option pricing theory to a “real” stream, such as revenue. Utilization of this methodology allows running of a high number of simulations and therefore, the Company believes that this valuation methodology was most appropriate. The Company notes that the key Level 3 inputs utilized in determining the fair value were: • Forecasted revenue, including forecasts of 10 th and 90 th percentiles • Real option approach methodology simulation inputs, including volatility, risk premiums and betas, which are utilized to derive the total market risk adjustment in the real option approach valuation model simulations • Comparable company analysis, which is utilized to support and determine the reasonableness of certain of the option simulation inputs • Discount factor, which is utilized to present value the risk-adjusted expected earn-out payment Through September 26, 2015, the Company determined that there were no material changes in any of the Level 3 inputs. The accrued contingent consideration liability is included in accrued expenses, taxes, and deferred revenue in the Company’s unaudited condensed consolidated balance sheet at September 26, 2015. Acquisition-related costs were expensed as incurred within SG&A in the Company’s consolidated statement of operations and were not material. The Company has made preliminary estimates of the fair value of the assets and liabilities of Numera, including certain tangible and intangible assets and liabilities, utilizing information available at the time that the Company's unaudited condensed consolidated financial statements were prepared and these estimates are subject to refinement until all pertinent information has been obtained. These non-recurring fair value measurements are primarily determined using unobservable inputs. Accordingly, these fair value measurements are classified within Level 3 of the fair value hierarchy. The Company will complete the following procedures, among others, prior to finalizing the acquisition method of accounting for Numera: • Finalize the appraisals of intangible assets • Finalize the analysis of certain acquired liabilities and assets based on gathering additional information from the time of the acquisition Based on the Company’s preliminary evaluation of the assets and liabilities acquired, the Company determined that the fair value of tangible net assets acquired was approximately $0.3 million , principally related to certain prepaids, inventory, and property and equipment. In addition, approximately $11.0 million was recognized for definite-lived intangible assets, and approximately $4.4 million was recorded to goodwill. Substantially all of the goodwill is expected to be deductible for tax purposes. The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (dollar amounts in millions): Fair Value Weighted Average Useful Lives Developed technology $ 5.6 4.8 Customer relationships 4.0 5.8 Trade names 1.1 5.5 Non-compete arrangements 0.3 3.3 $ 11.0 5.1 Due to the fact that the fees that Numera receives for hardware sales and related hardware activations were not deemed separate units of accounting, these fees are deferred until such time as the hardware units are activated and then recognized ratably over the estimated period of economic benefit which has been initially determined to be three years for hardware units and two years for activations. In addition, Numera capitalizes the direct and incremental costs related to hardware and activation sales and recognizes these costs over the same period that the associated revenue is recognized. As a result, the acquisition of Numera did not contribute any significant amount to net sales in the third quarter or first nine months of 2015. As of September 26, 2015, Numera had approximately $1.6 million of deferred revenue and approximately $1.2 million of capitalized direct and incremental costs. The acquisition of Numera contributed operating losses of approximately $1.1 million (which includes depreciation and amortization expense of approximately $0.6 million ) to the operating results for the third quarter and nine months of 2015. The results of Numera have been included in the Company’s consolidated financial statements since the date of acquisition within the SCS segment. Pro forma results related to the acquisition of Numera have not been presented, as the effect is not significant to the Company's consolidated operating results. Sale of TV One Business In July 2015, the Company received an unsolicited inquiry regarding the purchase of its TV One businesses ("TV One") that were part of the audio, video and control ("AVC") entities and the Company commenced an evaluation of the potential sale of TV One. On July 28, 2015, the Company’s Board of Directors approved the plan to sell the stock of TV One to a consortium of TV One's management on July 31, 2015. Under the terms of the agreement, the Company has no ongoing involvement or obligations with respect to TV One and the Company is not obligated to indemnify the purchasers in connection with this transaction. There was no substantial cash consideration received in connection with the transaction. The Company recorded a loss on sale of assets of approximately $2.9 million in the third quarter of 2015. The Company concluded that the sale of TV One did not meet the criteria to be reported as a discontinued operations under ASC 205-20, "Discontinued Operations", due to the fact that its disposition does not represent a strategic shift that has (or will have) a major effect on the Company's operations and financial results.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The Company accounts for acquired goodwill in accordance with ASC 805, "Business Combinations" and ASC 350, “Intangibles - Goodwill and Other” (“ASC 350”), which involves judgment with respect to the determination of the valuation of the assets acquired and liabilities assumed in order to determine the final amount of goodwill recorded in a purchase. Under ASC 350, goodwill is not amortized. Instead, it is evaluated for impairment on an annual basis, or more frequently when an event occurs or circumstances change between annual tests that would more likely than not reduce the fair value of the reporting unit below its carrying value, including, for example, a significant adverse change in the business climate. The Company has set the annual evaluation date as of the first day of its fiscal fourth quarter. The reporting units evaluated for goodwill impairment have been determined to be the same as the Company's operating segments. With the exception of the CAS reporting unit and the AVC entities, all of the Company's reporting units have goodwill and, therefore, are required to be evaluated for goodwill impairment. Impairment of Long-lived Assets and Goodwill During the second quarter of 2014, the Company determined that the significant under performance of its AVC entities through the first half of the year, along with a declining earnings forecast for the remainder of 2014 and beyond, represented an indicator of impairment related to the long-lived assets of these businesses. As a result, the Company performed the first step in the long-lived assets impairment test pursuant to ASC 360, “Property, Plant and Equipment” and compared the forecasted undiscounted cash flows for these businesses to their net assets. These cash flows were insufficient to recover the carrying value of these businesses. Based on the estimated fair values of the asset groups and the long-lived assets, the Company recorded an aggregate impairment charge of approximately $80.4 million to write down the long-lived assets to their fair values. This charge was comprised of approximately $74.7 million for intangible assets, primarily trademarks, customer relationships and developed technology, approximately $4.4 million for goodwill and approximately $1.3 million for property and equipment. As a result of certain restructuring initiatives that the Company commenced in the second quarter of 2015, the Company identified an indicator of impairment related to the long-lived assets of certain of the AVC entities due to declining operating results related to these companies. Based on review of the forecasted undiscounted cash flows over the remaining estimated useful life of the primary asset of the asset group, the Company determined that there was insufficient forecasted net positive cash flows to recover the net book value of property and equipment and such property and equipment had no material salvage value. As a result, the Company recorded an impairment charge of approximately $1.2 million to reduce the carrying value of the property and equipment to zero. 2015 Interim Goodwill Impairment Considerations As a result of negative operating result trends for the RCH reporting unit, the Company evaluated whether such operating trends indicated that it was more likely than not that the fair value of the RCH reporting unit was below its carrying amount. Based on consideration of a number of qualitative and other factors, including the historical excess of fair value over the carrying amount of this reporting unit, as well as, consideration of the current and forecasted operating results, the Company determined that it was not currently more likely than not that the fair value of the RCH reporting unit was below its carrying amount. In order to further corroborate this assertion, the Company estimated a preliminary range of fair values of the RCH reporting unit using the income approach (discounted cash flow method) and the market approach (EBITDA multiple) with a range of preliminary assumptions. This analysis, including consideration of sensitivity of the key fair value assumptions, resulted in a range of estimated fair values that corroborated the Company’s conclusion that it was not more likely than not that the fair value of the RCH reporting unit was below its carrying amount. However, the estimated values of RCH from the analysis described above only exceeded the carrying value by approximately 20% to 30% as of September 26, 2015. Therefore, a continued negative trend of operating results or material changes to forecasted operating results could result in a future goodwill impairment charge. The Company will complete its required annual assessment of goodwill of its reporting units as of the first day of the fiscal fourth quarter and when it has completed its long-range planning process. In addition, the Company completed a review of impairment of other long-lived assets for the asset groups within RCH and a review of the estimated remaining useful lives under ASC 360-10, "Impairment and Disposal of Long-Lived Assets" ("ASC 360-10") in the third quarter of 2015. The Company did identify, based on the revised estimated future cash flows, that a reduction of approximately 20% of the remaining useful lives of the intangible assets of RCH, which principally relate to the acquisition of Reznor in fiscal 2014, was required. The impact of this change in estimated useful lives was approximately $0.3 million of additional amortization expense in the third quarter of 2015 and represents a change in the estimated annual amortization of approximately $3.1 million . Based on the impairment analysis under ASC 360-10, no impairment was noted. The estimated cash flows of the asset groups exceeded the carrying value of long-lived assets by more than 100% . Based on the Company’s review and consideration of other potential impairment indicators and the fact that the fair value of all other reporting units exceeded the carrying value of those reporting units by more than 100% based on the Company’s last assessment in the fourth quarter of 2014, the Company does not believe there is currently any significant risk of goodwill impairment at any other reporting units. Goodwill Activity The following table presents a summary of the activity in goodwill by reporting segment for the nine months of 2015 : December 31, 2014 (1) Acquisitions (2) September 26, 2015 (1) (Dollar amounts in millions) Air Quality and Home Solutions ("AQH"): Gross goodwill $ 156.8 $ — $ 156.8 Impairment losses — — — Net AQH goodwill 156.8 — 156.8 Security and Control Solutions ("SCS"): Gross goodwill 80.9 4.4 85.3 Impairment losses — — — Net SCS goodwill 80.9 4.4 85.3 Ergonomic and Productivity Solutions ("ERG"): Gross goodwill 131.4 25.5 156.9 Impairment losses — — — Net ERG goodwill 131.4 25.5 156.9 Residential and Commercial HVAC: Gross goodwill 105.2 0.1 105.3 Impairment losses — — — Net RCH goodwill 105.2 0.1 105.3 Audio, Video and Control Solutions: Gross goodwill 4.4 — 4.4 Impairment losses (4.4 ) — (4.4 ) Net AVC goodwill — — — Consolidated goodwill: Gross goodwill 478.7 30.0 508.7 Impairment losses (4.4 ) — (4.4 ) Net consolidated goodwill $ 474.3 $ 30.0 $ 504.3 (1) The CAS and combined AVC reporting units did not have goodwill for any periods presented. (2) Acquisition adjustments recorded during the nine months of 2015 for the SCS, ERG and RCH segments relate to the acquisition of Numera, Anthro and Reznor, respectively. See Note B, “Acquisitions and Dispositions” .

Cash Flows

Cash Flows	9 Months Ended
	Sep. 26, 2015
Supplemental Cash Flow Elements [Abstract]
Cash Flows	Cash Flows The impact of changes in foreign currency exchange rates on cash was not material and has been included in "Other, net" in the accompanying unaudited condensed consolidated statement of cash flows. Interest paid was approximately $57.2 million and $52.8 million for the nine months of 2015 and 2014, respectively. Income tax payments, net of refunds, for the nine months of 2015 and 2014 were approximately $10.4 million and $11.2 million , respectively.

Notes, Mortgage Notes and Oblig

Notes, Mortgage Notes and Obligations Payable	9 Months Ended
	Sep. 26, 2015
Debt Disclosure [Abstract]
Notes, Mortgage Notes and Obligations Payable	Notes, Mortgage Notes and Obligations Payable Second Quarter 2015 Debt Transactions On April 2, 2015, the Company obtained an incremental $265.0 million senior secured term loan pursuant to an amendment (the "Incremental Amendment") to the Company's existing senior secured term loan facility due 2020 (the "Term Loan Facility") dated as of April 30, 2014, with substantially the same terms as the Term Loan Facility (the "Incremental Term Loan"). Additionally on April 2, 2015, the Company provided a notice of redemption for all of its outstanding 10% Senior Notes due 2018 (the "10% Notes"). These notes were redeemed on May 4, 2015 at a redemption price of 105% of the aggregate principal amount thereof, plus accrued and unpaid interest to the redemption date. Pursuant to the Incremental Amendment, the Company must make quarterly payments equal to 0.25% times the aggregate original principal amount of the Incremental Term Loan. Unpaid principal amounts of approximately $251.1 million are due on the maturity date, October 30, 2020. The Incremental Term Loan bears interest, at the Company's option, at a Base Rate or a Eurodollar Rate (both as defined in the Term Loan Facility Agreement), plus an applicable margin. The interest rate related to the Incremental Term Loan was approximately 3.5% at September 26, 2015 . The Company incurred fees and expenses of approximately $2.7 million , of which approximately $2.5 million has been included in deferred financing costs and are being recognized in accordance with the effective interest rate method. The redemption of the 10% Notes resulted in a pre-tax loss of approximately $14.8 million during the second quarter of 2015. Second Quarter 2014 Debt Transactions In connection with the acquisition of Reznor, on April 30, 2014, the Company entered into the Term Loan Facility for $350.0 million . The net proceeds from the Term Loan Facility were used to acquire Reznor and to repay all of the outstanding secured debt under the Company's previously existing senior secured term loan due 2017, which had an aggregate principal amount outstanding of approximately $93.0 million upon repayment. The Company incurred fees and expenses of approximately $6.3 million , of which approximately $4.6 million has been included in deferred financing costs and are being recognized in accordance with the effective interest rate method. The redemption of the previously existing senior secured term loan facility resulted in a pre-tax loss of approximately $2.3 million for 2014, of which approximately $0.5 million was recorded in the third quarter of 2014. Senior Secured Asset-Based Revolving Credit Facility (the "ABL Facility") On June 3, 2015, the Company amended its ABL Facility to reflect a change in the circumstances in which amounts deposited by the Company in collection accounts maintained by the administrative agent will be used to repay outstanding loans and cash collateralized letters of credit (a “Cash Dominion Event”). Under the terms of the amendment, a Cash Dominion Event exists if (i) excess availability (as defined in the ABL Facility) falls below the greater of $30.0 million or 10.0% of the total amount of the U.S. and Canadian credit facilities (rather than 12.5% of the borrowing base) or (ii) an event of default has occurred and is continuing. The Company did not incur any fees or expenses in conjunction with amending the ABL Facility. As of September 26, 2015 , the Company had approximately $50.0 million in outstanding borrowings and approximately $11.9 million in outstanding letters of credit under the ABL Facility. Based on the August 2015 borrowing base calculations, at September 26, 2015 , the Company had excess availability of approximately $238.1 million and approximately $208.1 million of excess availability before triggering the cash deposit requirements under the ABL Facility. As of October 29, 2015 , the Company had approximately $97.0 million in outstanding borrowings and approximately $11.9 million in outstanding letters of credit under the ABL Facility. Based on the September 2015 borrowing base calculations, at October 29, 2015 , the Company had excess availability of approximately $191.1 million and approximately $161.1 million of excess availability before triggering the cash deposit requirements under the ABL Facility. Debt Covenant Compliance The indentures and other agreements governing the Company's indebtedness and the indebtedness of its subsidiaries contain certain restrictive financial and operating covenants, including covenants that restrict, among other things, the Company's ability and the ability of its subsidiaries to complete acquisitions, pay dividends, incur indebtedness, make investments, sell assets, and take certain other corporate actions (all as defined in the indentures and other agreements). As of September 26, 2015 , the Company had the capacity to make certain payments, including dividends, of approximately $109.8 million . As of September 26, 2015 , the Company was in compliance with all covenants under the indenture that governs the 8.5% Notes and the credit agreements that govern the ABL Facility and the Term Loan Facility. Additionally, the Company anticipates compliance with all covenants under the indenture that governs the 8.5% Notes and the credit agreements that govern the ABL Facility and the Term Loan Facility for the foreseeable future.

Exit and Disposal Activities

Exit and Disposal Activities	9 Months Ended
	Sep. 26, 2015
Restructuring and Related Activities [Abstract]
Exit and Disposal Activities	Exit and Disposal Activities The Company has initiated various exit and disposal activities including, but not limited to, the matters described below. Employee separation expenses are comprised of severance, outplacement and retention bonus payments. Other costs include expenses associated with asset write-downs, terminating contractual arrangements, costs to prepare facilities for closure, and costs to move equipment and products to other facilities. Manufacturing Rationalization and Relocation Initiatives The Company's Board of Directors approved several initiatives relating to the transfer of product manufacturing and the consolidation of certain manufacturing facilities within the RCH and CAS segments (collectively, the "Manufacturing Rationalization & Relocation Initiatives"). The Company expects that the range of total costs of the Manufacturing Rationalization & Relocation Initiatives is as follows: Low (1) High (1) (Dollar amounts in millions) Employee-related costs $ 9.0 $ 10.0 Other costs, including machinery and equipment relocation and installation 9.0 10.0 $ 18.0 $ 20.0 (1) The range of total estimated exit and disposal activities by segment are as follows: Low High (Dollar amounts in millions) RCH $ 16.4 $ 18.4 CAS 1.6 1.6 $ 18.0 $ 20.0 Cash expenditures began in the second quarter of 2013 and are expected to continue through fiscal year 2015. In connection with the Manufacturing Rationalization & Relocation Initiatives, the Company has incurred cumulative costs of approximately $17.8 million (of which approximately $16.2 million and $1.6 million were recorded in the RCH and CAS segments, respectively). The following table sets forth the changes to the liability for the Manufacturing Rationalization & Relocation Initiatives during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ 5.2 $ — $ 5.2 Provision (1) (0.1 ) 2.6 2.5 Payments (4.8 ) (2.6 ) (7.4 ) Balance, September 26, 2015 $ 0.3 $ — $ 0.3 (1) Approximately $2.1 million and $0.4 million of costs were recorded in the RCH and CAS segments, respectively, during the nine months of 2015. Warehousing and Distribution Consolidation In connection with the Company's efforts to optimize supply chain performance, the Company's Board of Directors approved entry into a five -year agreement with a third party logistics service provider to outsource certain warehousing and distribution activities in the Company's North American operating segments and facilitate the consolidation of North American warehousing distribution centers (the "Warehousing & Distribution Consolidation"). See below for a discussion of the current status of this agreement. Cumulative costs incurred in connection with the Warehousing & Distribution Consolidation include severance and other costs of approximately $2.7 million , of which approximately $1.7 million , $0.6 million , and $0.4 million were recorded in the SCS, ERG, and combined AVC segments, respectively. The following table sets forth the changes to the liability for the Warehousing and Distribution Consolidation during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ — $ 0.5 $ 0.5 Provision (1) — (0.3 ) (0.3 ) Payments — (0.2 ) (0.2 ) Balance, September 26, 2015 $ — $ — $ — (1) All activity during the nine months of 2015 was recorded in the SCS segment. In October 2015, it was determined that the Company would assume control of certain U.S. dedicated distribution centers that had been operated by a third party logistics service provider since 2013. Refer to Note G, "Commitments and Contingencies - Assumption of Distribution Centers" , for further detail surrounding this transaction. Subsidiary Combinations The Company has combined, or is in the process of combining, the operations of certain subsidiaries in order to improve overall operational efficiencies, reduce costs, and provide potential for greater revenue growth ("Subsidiary Combinations"). On July 28, 2015, the Company’s Board of Directors approved a restructuring plan designed to merge the operations of Gefen into Core Brands, including the exit from certain product lines, which commenced during the third quarter of 2015 (the "additional subsidiary combination"). During the third quarter of 2015, the Company recorded approximately $6.5 million of inventory charges, including expected purchase order cancellations, and approximately $0.8 million of severance and other charges associated with this additional subsidiary combination. The Company currently expects the estimated total costs related to one time termination benefits and other costs associated with Subsidiary Combinations, including the restructuring of Gefen into Core Brands, to be approximately $26.2 million to $27.2 million . Total expected costs by segment are as follows: Low High (Dollar amounts in millions) SCS $ 0.9 $ 0.9 RCH 1.3 1.3 AVC 24.0 25.0 $ 26.2 $ 27.2 In connection with Subsidiary Combinations, including the additional subsidiary combination, the Company has incurred cumulative costs of approximately $25.2 million , of which approximately $0.9 million , $1.3 million and $23.0 million was recorded in the SCS, RCH, and combined AVC segments, respectively. These costs consist of one time termination benefits of approximately $5.4 million , approximately $10.0 million in costs to reduce inventory values for certain products to their expected net realizable amount, and facility exit and other costs of approximately $9.8 million . The following table sets forth the changes to the liability for Subsidiary Combinations during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ 0.7 $ 1.0 $ 1.7 Provision (1) (2) 0.4 0.6 1.0 Payments (0.6 ) (0.9 ) (1.5 ) Other — (0.2 ) (0.2 ) Balance, September 26, 2015 $ 0.5 $ 0.5 $ 1.0 (1) All costs during the nine months of 2015 were recorded in the AVC segments. (2) Excludes approximately $6.5 million of inventory charges, including expected purchase order cancellations, recorded during the third quarter of 2015 as noted previously. In the event the Company elects to further consolidate subsidiaries, the Company may incur additional costs related to severance and other costs. Best Restructuring In 2011, management approved a plan to reduce costs and improve production efficiencies at Best, one of the Company's AQH subsidiaries, including transferring certain operations from Italy to Poland (the "Best Restructuring"). In the third quarter of 2015, management approved further restructuring costs for this business (the "additional restructuring actions"). Approximately $2.5 million of severance costs was recorded in the third quarter of 2015 in connection with the additional restructuring actions. The total expected costs related to contractual termination benefits and other costs associated with the Best Restructuring, including the additional restructuring actions, are estimated to be approximately $21.0 million . In connection with the Best Restructuring, including the additional restructuring actions, the Company has incurred cumulative costs of approximately $20.5 million , consisting of contractual termination benefits of approximately $20.1 million and other costs of approximately $0.4 million . As the Company continues to evaluate Best, it is possible that the Company will take future restructuring actions and additional expenses may be incurred. The following table sets forth the changes to the liability for the Best Restructuring during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ 0.4 $ — $ 0.4 Provision 2.9 — 2.9 Payments (0.7 ) — (0.7 ) Balance, September 26, 2015 $ 2.6 $ — $ 2.6 CAS Segment Consolidation On May 4, 2015, the Company’s Board of Directors approved a restructuring plan designed to consolidate production activities in its North American and European operations in the CAS segment, and exit from certain product lines which have been determined to have limited strategic importance or to be competitively disadvantaged. The plan anticipates that the production facilities at two North American locations will be discontinued, with the product lines from those facilities transferred to other North American locations, or discontinued. Furthermore, the CAS segment's manufacturing operations in Mexico will be substantially reduced and the operation of the manufacturing facility is in the process of being transferred to the Company's RCH segment to be used in that segment's production activities. It is expected that the restructuring plan, which commenced in the second quarter of 2015, will be in process through the second quarter of 2016. Total initial expected exit costs to be incurred in connection with the plan were expected to be in the range of approximately $10.0 million to $15.0 million ; however, during the third quarter of 2015, based upon certain operating decisions made during the third quarter, there was a change in estimate of the expected exit costs, principally due to a reduction in the estimated recoverability of certain inventory, resulting in a revised range of approximately $12.0 million to $17.0 million . Approximately $2.8 million and $7.6 million was recorded in the third quarter and nine months of 2015 , respectively, comprised principally of employee separation, facility abandonment, and inventory write-offs during the consolidation period. The following table sets forth the changes to the liability for the CAS Segment Consolidation during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ — $ — $ — Provision (1) 2.7 1.0 3.7 Payments (1.2 ) (1.0 ) (2.2 ) Other (0.1 ) 0.2 0.1 Balance, September 26, 2015 $ 1.4 $ 0.2 $ 1.6 (1) Excludes approximately $3.9 million of inventory charges recorded during the nine months of 2015. Other Restructuring Activities As noted previously, the Company has transferred the management of its UK commercial HVAC subsidiary from the CAS segment to the RCH segment. As part of this transfer, the Company's Board of Directors approved a restructuring plan related to the UK commercial HVAC subsidiary including a reduction of headcount, the closure of one facility, and the transfer of certain operations to other facilities within the RCH segment. Costs to be incurred in connection with this plan are expected to be in the range of approximately $5.0 million to $6.0 million , comprised principally of employee separation and lease obligations. The Company has recorded severance and other costs in the nine months of 2015 of approximately $2.8 million , consisting of severance of approximately $1.8 million and other costs of approximately $1.0 million related to these activities. During the nine months of 2015, the Company also recorded inventory write-offs of approximately $0.9 million related to the discontinuation of a certain legacy product line at an AVC entity. The following table sets forth the changes to the liability for other restructuring activities during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ — $ — $ — Provision (1) (2) 1.8 0.8 2.6 Payments (1.3 ) (0.5 ) (1.8 ) Balance, September 26, 2015 $ 0.5 $ 0.3 $ 0.8 (1) Approximately $2.8 million and $0.9 million of costs were recorded in the RCH and AVC segments, respectively, during the nine months of 2015. (2) Excludes approximately $1.1 million of inventory charges recorded during the nine months of 2015. Summary of Exit and Disposal Activities The following table outlines amounts recorded within the unaudited condensed consolidated statement of operations associated with the Company's exit and disposal activities for the third quarter of 2015 and 2014 : For the third quarter of 2015 For the third quarter of 2014 SG&A COGS Total SG&A COGS Total (Dollar amounts in millions) Manufacturing Rationalization & Relocation Initiatives $ — $ 0.1 $ 0.1 $ — $ 1.1 $ 1.1 Subsidiary Combinations 0.8 6.5 7.3 2.1 0.3 2.4 CAS Segment Consolidation 0.2 2.6 2.8 — — — Best Restructuring 0.6 1.9 2.5 — — — Other restructuring activities 0.1 0.1 0.2 — — — Total $ 1.7 $ 11.2 $ 12.9 $ 2.1 $ 1.4 $ 3.5 The following table outlines amounts recorded within the unaudited condensed consolidated statement of operations associated with the Company's exit and disposal activities for the nine months of 2015 and 2014 : For the nine months of 2015 For the nine months of 2014 SG&A COGS Total SG&A COGS Total (Dollar amounts in millions) Manufacturing Rationalization & Relocation Initiatives $ 0.1 $ 2.4 $ 2.5 $ — $ 3.8 $ 3.8 Warehousing & Distribution Consolidation — (0.3 ) (0.3 ) 0.3 0.6 0.9 Subsidiary Combinations 1.0 6.5 7.5 2.6 0.6 3.2 CAS Segment Consolidation 0.7 6.9 7.6 — — — Best Restructuring 0.6 2.3 2.9 — — — Other restructuring activities 0.5 3.2 3.7 — — — Total $ 2.9 $ 21.0 $ 23.9 $ 2.9 $ 5.0 $ 7.9

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 26, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company provides accruals for all direct costs, including legal costs, associated with the estimated resolution of contingencies at the earliest date at which it is deemed probable that a liability has been incurred and the amount of such liability can be reasonably estimated. Costs accrued are estimated based upon an analysis of potential results, assuming a combination of litigation and settlement strategies and outcomes. Legal costs for other than probable contingencies are expensed when services are performed. Indemnifications The Company has indemnified third parties for certain matters in a number of transactions involving dispositions of former subsidiaries, including certain pension and environmental liabilities. The Company has recorded liabilities in relation to these indemnifications in the accompanying unaudited condensed consolidated balance sheet as follows: September 26, 2015 December 31, 2014 (Dollar amounts in millions) Accrued expenses $ 2.5 $ 2.5 Other long-term liabilities 1.6 2.4 $ 4.1 $ 4.9 Undiscounted future payments $ 4.0 $ 5.1 Product Warranty and Recall Reserves The Company sells a number of products and offers a number of warranties including, in some instances, extended warranties for which the Company receives proceeds. The specific terms and conditions of these warranties vary depending on the product sold and the country in which the product is sold. The Company estimates the costs that may be incurred under its warranties, with the exception of extended warranties, and records a liability for such costs at the time of sale. Warranty costs are included in cost of products sold. Deferred revenue from extended warranties is recorded at estimated fair value and is amortized over the life of the warranty and periodically reviewed to ensure that the amount recorded is equal to or greater than estimated future costs. Factors that affect the Company’s warranty liability include the number of units sold, historical and anticipated rates of warranty claims, cost per claim, and new product introductions. The Company periodically assesses the adequacy of its recorded warranty claims and adjusts the amounts as necessary. Changes in the Company’s combined short-term and long-term warranty liabilities during the third quarter and nine months of 2015 and 2014 are as follows: Third Quarter of Nine Months of 2015 2014 2015 2014 (Dollar amounts in millions) Balance, beginning of period $ 53.2 $ 57.7 $ 54.8 $ 56.8 Warranties provided during period 5.4 4.6 17.0 19.9 Settlements made during period (6.4 ) (6.9 ) (19.2 ) (22.5 ) Other changes in liability estimate, including expirations and acquisitions (0.5 ) (0.3 ) (0.9 ) 0.9 Balance, end of period $ 51.7 $ 55.1 $ 51.7 $ 55.1 The Company has undertaken several voluntary product recalls and reworks over the past several years and could do so in the future given the nature of the Company's business. Additional product recalls and reworks could result in material future costs. Many of the Company's products, especially certain models of bath fans, range hoods, and residential furnaces and air conditioners, have a large installed base, and any recalls or reworks related to such products could be particularly costly. The costs of product recalls or reworks are not generally covered by insurance. Recalls or reworks may adversely affect the Company's reputation as a manufacturer of high-quality, safe products and could have a material adverse effect on its financial condition, results of operations and cash flows. Assumption of Distribution Centers In October 2015, it was determined that effective December 31, 2015, the Company would assume control of certain U.S. dedicated distribution centers that had been operated by a third party logistics provider since 2013. As a result, on the effective date, the Company will assume the operating lease arrangements for these distribution centers, as well as purchase, at fair value, certain machinery and equipment utilized in the operation of these distribution centers that is currently owned and operated by the third party. The purchase price for the machinery and equipment will be finalized prior to the effective date and is expected to be between $5.0 million and $7.0 million . The operating leases that the Company will assume have initial remaining lease terms of approximately 1 to 3 years and contain renewal options ranging from an additional 3 to 15 years. Rental payments during the renewal terms are based on market rates at the date of renewal and therefore do not represent bargain renewal options. The operating lease arrangements contain escalating rental payments that will result in the rental expense being straight-lined over the remaining initial lease terms in accordance with ASC 840, “Leases”, and also contain obligations to pay insurance and taxes. There are no significant restoration or other obligations under the lease arrangements that would represent material asset retirement obligations. The future minimum lease payments for these operating leases is as follows: Year Ended December 31, Future Minimum Rental Obligations (Dollar amounts in millions) 2016 $ 4.3 2017 5.9 2018 3.3 In connection with the assumption of the control of these distribution centers, the Company anticipates hiring approximately 200 employees who currently work at those centers for the third party. Product Liability Contingencies Nortek Global HVAC LLC ("Nordyne"), our wholly owned subsidiary, is the defendant in a putative class action lawsuit in Florida, Harris, et al. v. Nordyne, LLC, Case No. 1:14-cv-21884-BB, filed in the United States District Court for the Southern District of Florida. In addition, Nortek, Inc., Nortek Global HVAC LLC and Nortek Global HVAC Latin America, Inc. are the defendants in a putative class action lawsuit in Tennessee, Bauer, et al. v. Nordyne, LLC et al., Case No. 3:14-cv-01940, filed in the United States District Court for the Middle District of Tennessee. These lawsuits allege that evaporator and condenser coils in Nordyne’s residential heating and cooling products are susceptible to a type of potential corrosion of the copper tubing in the units that can result in coil leaks and/or failure of the units. The Florida action was initiated on May 21, 2014 and seeks compensatory damages associated with Nordyne’s alleged wrongdoing, injunctive relief, and attorneys’ fees and costs. The Tennessee action was initiated on October 3, 2014 and seeks damages associated with repairing, retrofitting and/or replacing the allegedly defective products, the loss of value due to the alleged defect, property damages associated with the alleged defect, injunctive relief, punitive damages, and attorneys’ fees and costs. No arguments or ruling with respect to class action status have occurred to date in either of these actions. While these actions are in their initial stages, the Company believes it has meritorious defenses against these complaints. At this time, the Company believes that the likelihood of a material loss in such matters is remote and has not recognized a loss or liability in these actions; however, it is possible that events could occur that would change the likelihood of a material loss, which could ultimately have a material impact on our business. The Company will continue to assess the likelihood of a material loss as the actions progress. Other Commitments and Contingencies As previously reported, as part of the Company's routine internal audit activities, it discovered certain questionable hospitality, gift and payment practices, and other expenses at the Company’s subsidiary, Linear Electronics (Shenzhen) Co. Ltd. (“Linear China”), which are inconsistent with the Company’s policies and raise concerns under the U.S. Foreign Corrupt Practices Act and perhaps under other applicable anti-corruption laws. The Company initiated an internal investigation into these practices and payments with the assistance of outside counsel. On January 7, 2015 and January 8, 2015, respectively, the Company voluntarily contacted the SEC and the United States Department of Justice ("DOJ") to advise both agencies of the Company's internal investigation. The Company is in discussions with both agencies and intends to continue to cooperate with any SEC or DOJ investigation into these matters. The Company takes these matters very seriously and is committed to conducting its business in compliance with all applicable laws. Based on information known at this time, the Company currently believes that the amount of the questionable expenses and payments is not material with respect to the Company’s financial condition or results of operations. However, at this time, the Company is unable to predict what, if any, action may be taken by the DOJ or SEC or any penalties or remedial measures these agencies may seek, but intends to cooperate with both agencies. Any determination that the Company's operations or activities are not in compliance with existing laws or regulations could result in the imposition of fines, civil and criminal penalties, and equitable remedies, including disgorgement or injunctive relief. The Company cannot reasonably estimate the potential liability, if any, related to these matters resulting from any proceedings that may be commenced by the SEC, the DOJ or any other governmental authorities. Accordingly, no provision with respect to such matters has been recorded in the accompanying consolidated financial statements. For the third quarter and nine months of 2015, approximately $0.4 million and $1.8 million , respectively, was recorded for legal and other professional services incurred related to the internal investigation of this matter. The Company expects to incur additional costs relating to the investigation of this matter throughout 2015. The Company is subject to other contingencies, including legal proceedings and claims, arising out of its businesses that cover a wide range of matters including, among others, environmental matters, contract and employment claims, product liability, warranty, and modification and adjustment or replacement of component parts of units sold, which include product recalls. Product liability, environmental and other legal proceedings also include matters with respect to businesses previously owned. The Company has used various substances in its products and manufacturing operations which have been or may be deemed to be hazardous or dangerous, and the extent of its potential liability, if any, under environmental, product liability and workers' compensation statutes, rules, regulations and case law is unclear. Furthermore, due to the lack of adequate information and the potential impact of present regulations and any future regulations, there are certain circumstances in which the amount or range of possible losses cannot be reasonably estimated. While it is impossible to ascertain the ultimate legal and financial liability with respect to contingent liabilities, including lawsuits, warranty, product liability, environmental liabilities, and product recalls, the Company believes that the aggregate amount of such liabilities, if any, in excess of amounts provided or covered by insurance, will not have a material adverse effect on the Company's consolidated financial position, results of operations or liquidity. It is possible, however, that results of operations for any particular future period could be materially affected by changes in the Company's assumptions or strategies related to these contingencies or changes that are not within the Company's control.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 26, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes for the third quarter of 2015 and 2014 was approximately $5.3 million and $1.0 million , respectively. The benefit from income taxes for the nine months of 2015 and 2014 was approximately $3.0 million and $16.3 million , respectively. The effective income tax rate of a benefit of approximately 8.9% for the nine months of 2015 differs from the United States federal statutory rate of 35% principally as a result of the impact of losses in certain jurisdictions that cannot be benefited and non-deductible expenses. The effective income tax rate of a benefit of approximately 24.5% for the nine months of 2014 differs from the United States federal statutory rate of 35% principally as a result of non-deductible goodwill impairment, U.S. tax on unremitted earnings, losses in certain jurisdictions that cannot be benefited, and uncertain tax positions, partially offset by the impact of foreign rates. The Company has recorded approximately $0.5 million of realized tax benefits related to deductions for share-based compensation in excess of the corresponding book expense to additional paid in capital in the nine months of 2015. At September 26, 2015 , the Company has approximately $4.8 million of remaining tax benefits related to the excess of tax deductible stock compensation expense over the related book expense. This amount will be recognized as a credit to additional paid in capital when the benefits are realized on a tax return. The Company accounts for excess share-based compensation deductions on the basis that these are the last tax benefits that are utilized. As of January 1, 2015, the Company had a liability of approximately $18.3 million for unrecognized tax benefits related to various federal, foreign and state income tax matters. As a result of additional provisions during the nine months of 2015, the liability for uncertain tax positions increased to approximately $19.5 million at September 26, 2015 . The liability for uncertain tax positions is included in other long-term liabilities on the accompanying unaudited condensed consolidated balance sheet. The corresponding amount of gross uncertain tax benefits was approximately $25.4 million and $24.2 million at September 26, 2015 and December 31, 2014 , respectively. The difference between the total unrecognized tax benefits and the amount of the liability for unrecognized tax benefits represents unrecognized tax benefits that have been netted against deferred tax assets in accordance with ASU No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists . As of September 26, 2015 and December 31, 2014 , the amount of unrecognized tax benefits that, if recognized, would affect the Company's effective tax rate was approximately $12.2 million and $11.3 million , respectively. The difference between the total amount of uncertain tax positions and the amount that would affect the effective tax rate represents the federal tax effect of state tax items, and items that offset temporary differences. As of September 26, 2015 , the Company had approximately $0.9 million in unrecognized benefits relating to various tax issues, for which the statute of limitations is expected to expire in the fourth quarter of 2015. As of September 26, 2015 and December 31, 2014 , the total amount of accrued interest and penalties related to uncertain tax positions was approximately $4.6 million and $4.1 million , respectively. The Company accounts for interest and penalties related to uncertain tax positions as part of its provision for federal and state taxes.

Segment Information and Concent

Segment Information and Concentration of Risk	9 Months Ended
	Sep. 26, 2015
Segment Reporting [Abstract]
Segment Information and Concentration of Risk	Segment Information and Concentration of Risk The Company's principal reporting segments are as follows: • the Air Quality and Home Solutions segment, • the Security and Control Solutions segment, • the Ergonomic and Productivity Solutions segment, • the Residential and Commercial HVAC segment, and • the Custom and Commercial Air Solutions segment. As noted previously, in the second quarter of 2015, the Company changed the composition of its RCH and CAS segments (see Note A, “Basis of Presentation” ). For a description of the activities of the Company's reporting segments, see "Segment Information and Concentration of Credit Risk" , of the Company's 2014 Form 10-K. The Company's performance is significantly impacted by the levels of residential remodeling and replacement activity, as well as the levels of new residential and non-residential construction. The level of new construction activity and, to a lesser extent, the level of residential remodeling and replacement activity are affected by seasonality and cyclical factors such as interest rates, inflation, consumer spending, employment levels, and other macroeconomic factors, over which the Company has no control. Performance in any particular period could be impacted by the timing of sales to certain large customers. The Company evaluates segment performance based on operating earnings before allocations of corporate overhead costs and impairment charges. With the exception of intersegment net sales between the SCS segment and the combined AVC segments, intersegment net sales and intersegment eliminations are not material for any of the periods presented. The financial statement impact of all acquisition accounting adjustments, including intangible asset amortization and goodwill, are reflected in the applicable operating segment, which are the Company’s reporting units. Segment Operating Results Unaudited net sales, operating earnings and (loss) earnings before provision (benefit) for income taxes for the Company’s reporting segments for the third quarter and nine months of 2015 and 2014 were as follows: Third Quarter of Nine Months of 2015 2014 2015 2014 (Dollar amounts in millions) Net sales: AQH $ 147.3 $ 146.5 $ 437.4 $ 438.8 SCS 94.1 104.2 335.7 351.0 ERG 96.0 83.9 252.6 214.8 RCH 147.2 164.0 450.4 445.2 CAS 103.8 96.7 320.4 339.0 AVC 30.1 47.6 98.6 120.5 Consolidated net sales $ 618.5 $ 642.9 $ 1,895.1 $ 1,909.3 Operating earnings (loss): AQH $ 14.1 $ 18.5 $ 46.9 $ 45.4 SCS 7.1 12.8 30.2 35.9 ERG 19.1 15.2 42.5 34.3 RCH (4.2 ) 7.8 (12.0 ) 19.5 CAS 4.6 1.0 8.6 27.7 AVC (1) (13.2 ) (6.3 ) (19.7 ) (19.1 ) Subtotal 27.5 49.0 96.5 143.7 Impairment of long-lived assets and goodwill — — (1.2 ) (80.4 ) Unallocated, net (12.6 ) (15.6 ) (38.0 ) (49.5 ) Consolidated operating earnings 14.9 33.4 57.3 13.8 Net interest expense (24.0 ) (27.3 ) (76.1 ) (78.0 ) Loss from debt retirement — (0.5 ) (14.8 ) (2.3 ) (Loss) earnings before provision (benefit) $ (9.1 ) $ 5.6 $ (33.6 ) $ (66.5 ) (1) For the third quarter and nine months of 2015, includes the loss on sale of assets of TV One of approximately $2.9 million . Intersegment sales between the SCS segment and the combined AVC segments totaled approximately $3.6 million and $3.7 million for the third quarter of 2015 and 2014 , respectively, and totaled approximately $9.7 million and $11.9 million for the nine months of 2015 and 2014 , respectively. See Note F, “Exit and Disposal Activities” and Note G, "Commitments and Contingencies" , with respect to certain other items affecting segment earnings (loss). Segment Assets Segment assets at September 26, 2015 and December 31, 2014 for the Company’s reporting segments are presented in the table that follows: September 26, December 31, (Dollar amounts in millions) Segment Assets: AQH $ 585.8 $ 585.7 SCS 370.1 339.6 ERG 421.6 365.0 RCH 533.1 549.6 CAS 155.3 179.3 AVC 50.1 63.2 2,116.0 2,082.4 Unallocated: Cash and cash equivalents, including current restricted cash 28.0 59.0 Deferred tax assets 43.7 28.1 Other assets, including long-term restricted investments 39.0 39.6 Consolidated assets $ 2,226.7 $ 2,209.1 Concentrations of Risk No single customer accounted for 10% or more of consolidated net sales for the third quarter and nine months of 2015 and 2014 or accounts receivable at September 26, 2015 and December 31, 2014 . For reasons of quality assurance, scarcity or cost effectiveness, certain components and raw materials used in the manufacture of the Company’s products are available only from a limited number of suppliers. In the event that the Company is unable to obtain sufficient quantities of raw materials or components on commercially reasonable terms or in a timely manner, the Company’s ability to manufacture its products on a timely and cost-competitive basis may be compromised, which may have a material adverse effect on its business, financial condition and results of operations. To date, the Company has not experienced any material adverse effect on its financial condition or results of operations due to supplier limitations.

Equity Activity

Equity Activity	9 Months Ended
	Sep. 26, 2015
Equity [Abstract]
Equity Activity	Equity Activity Restricted Stock During the nine months of 2015 , 67,937 shares of restricted stock were granted and 64,042 shares of restricted stock were forfeited. Additionally, during the nine months of 2015 , 61,829 shares of restricted stock vested, of which 17,437 shares of common stock were delivered to the Company as payment in lieu of cash to satisfy minimum tax withholding obligations in connection with the vesting of restricted stock. Stock Options During the nine months of 2015 , 49,204 stock options were exercised for common stock, of which 26,056 shares of common stock were delivered to the Company as payment in lieu of cash for stock options exercised and related minimum tax withholding obligations. Share-based Compensation During the third quarter of 2015, the Company concluded that certain of its performance-based restricted stock awards were no longer probable of vesting due to a review of financial performance through the third quarter of 2015 and an updated financial outlook. As a result of these awards no longer being probable of vesting, the Company reversed in the third quarter of 2015 approximately $1.7 million of share-based compensation expense recognized in prior periods. At September 26, 2015, the Company had 183,570 shares of non-vested restricted stock subject to performance-based vesting conditions outstanding, all of which were not probable of vesting, and had approximately $12.6 million of unrecognized stock-based compensation expense. If and when any additional portion of these awards are deemed probable to vest, the Company will reflect the effect of the change in estimate in the period of change by recording a cumulative catch-up adjustment to retroactively apply the new estimate. Comprehensive Income (Loss) Comprehensive income (loss) includes net earnings (loss), unrealized gains and losses from foreign currency translation, and pension liability adjustments, net of tax attributes. The components of the Company’s comprehensive income (loss) and the effect on earnings for the periods presented are detailed in the accompanying unaudited condensed consolidated statements of comprehensive income (loss). The balances of each component, net of tax attributes, within accumulated other comprehensive loss for the third quarter and nine months of 2015 are as follows: Third quarter of 2015 Nine months of 2015 Foreign Currency Translation Pension Liability Adjustment Total Accumulated Other Comprehensive (Loss) Income Foreign Currency Translation Pension Liability Adjustment Total Accumulated Other Comprehensive Loss (Dollar amounts in millions) Balance, beginning of period $ (12.6 ) $ (26.5 ) $ (39.1 ) $ (8.8 ) $ (26.9 ) $ (35.7 ) Other comprehensive (loss) income before reclassifications (4.0 ) (0.1 ) (4.1 ) (7.8 ) (0.4 ) (8.2 ) Amounts reclassified from AOCI to SG&A (1) — 0.4 0.4 — 1.1 1.1 Net current-period other comprehensive (loss) income (4.0 ) 0.3 (3.7 ) (7.8 ) 0.7 (7.1 ) Balance, end of period $ (16.6 ) $ (26.2 ) $ (42.8 ) $ (16.6 ) $ (26.2 ) $ (42.8 ) (1) For additional information, see Note L, "Pension, Profit Sharing & Other Post-Retirement Benefits" .

(Loss) Earnings per Share

(Loss) Earnings per Share	9 Months Ended
	Sep. 26, 2015
Earnings Per Share [Abstract]
Earnings (Loss) per Share	(Loss) Earnings per Share Basic (loss) earnings per share amounts are computed using the weighted average number of common shares outstanding during the period. Diluted earnings per share amounts are computed using the weighted average number of common shares outstanding and dilutive potential common shares outstanding during each period. The reconciliations between basic and diluted (loss) earnings per share for the third quarter and nine months of 2015 and 2014 are as follows: Third Quarter of Nine Months of 2015 2014 2015 2014 (Dollar amounts in millions, except per share data) Net (loss) earnings $ (14.4 ) $ 4.6 $ (30.6 ) $ (50.2 ) Weighted average common shares outstanding 15,953,891 15,671,819 15,939,145 15,576,327 Dilutive effect of common share equivalents — 428,098 — — Dilutive shares outstanding 15,953,891 16,099,917 15,939,145 15,576,327 Basic (loss) earnings per share $ (0.90 ) $ 0.29 $ (1.92 ) $ (3.22 ) Diluted (loss) earnings per share $ (0.90 ) $ 0.29 $ (1.92 ) $ (3.22 ) The effect of certain potential common share equivalents, as outlined below, were excluded from the computation of diluted shares outstanding for the third quarter and nine months of 2015 and 2014 as their inclusion would have been anti-dilutive. Restricted stock awards which vest based upon achievement of performance targets are excluded from the diluted shares outstanding unless the performance targets had been met as of the end of the applicable reporting period regardless of whether such performance targets are probable of achievement. In reporting periods in which the Company reports a net loss, anti-dilutive shares consist of the weighted average common stock equivalents outstanding for the period. In those reporting periods in which the Company reports net income, anti-dilutive shares consist of those common stock equivalents that have either an exercise price above the average stock price for the period or the common stock equivalents’ related average unrecognized stock compensation expense is sufficient to “buy back” the entire amount of shares. A summary of the weighted average anti-dilutive shares excluded from the third quarter and nine months of 2015 and 2014 is as follows: Third Quarter of Nine Months of 2015 2014 2015 2014 Warrants (1) — — — 576,615 Restricted stock 311,178 281,018 325,040 411,378 Stock options 594,914 139,699 583,953 619,676 Total 906,092 420,717 908,993 1,607,669 (1) All warrants were either exercised or expired prior to December 31, 2014.

Pension, Profit Sharing & Other

Pension, Profit Sharing & Other Post-Retirement Benefits	9 Months Ended
	Sep. 26, 2015
Compensation and Retirement Disclosure [Abstract]
Pension, Profit Sharing & Other Post-Retirement Benefits	Pension, Profit Sharing & Other Post-Retirement Benefits The Company and its subsidiaries have various pension plans, supplemental retirement plans for certain officers, profit sharing, and other post-retirement benefit plans requiring contributions to qualified trusts and union administered funds. Pension, profit sharing and other post-retirement health benefit expense charged to operations aggregated approximately $2.6 million and $2.4 million for the third quarter of 2015 and 2014 , respectively, and aggregated approximately $8.5 million and $7.9 million for the nine months of 2015 and 2014 , respectively. The Company's policy is to generally fund currently at least the minimum required annual contribution of its various qualified defined benefit plans. At September 26, 2015 , the Company estimated that approximately $6.0 million would be contributed to the Company's defined benefit pension plans in 2015 , of which approximately $4.7 million was contributed through the nine months of 2015 . At December 31, 2014, the Company estimated that approximately $7.9 million would be contributed to the Company's defined benefit pension plans in 2015 . This change in estimated contributions was the result of a change in actuarial assumptions surrounding the minimum contribution calculation. The Company’s net periodic benefit cost for its defined benefit plans for the third quarter and nine months of 2015 and 2014 consists of the following components: Third Quarter of Nine Months of 2015 2014 2015 2014 (Dollar amounts in millions) Service cost $ 0.2 $ 0.1 $ 0.7 $ 0.4 Interest cost 1.7 2.0 4.9 5.8 Expected return on plan assets (1.9 ) (2.0 ) (5.5 ) (5.8 ) Net amortization of actuarial loss 0.4 — 1.1 — Net periodic benefit cost $ 0.4 $ 0.1 $ 1.2 $ 0.4 There were no periodic benefit costs for the Company's post-retirement health benefit plan for the third quarter or nine months of 2015 or 2014 .

Derivatives and Fair Value

Derivatives and Fair Value	9 Months Ended
	Sep. 26, 2015
Fair Value Disclosures [Abstract]
Derivatives and Fair Value	Derivatives and Fair Value The Company manufactures, markets and sells its products globally. For each of the third quarter and nine months of 2015, approximately 15.4% of the Company’s sales were generated outside the United States in local currencies. The Company also incurs certain manufacturing, marketing and selling costs in international markets in local currency. Accordingly, the Company’s earnings and cash flows are exposed to market risk from changes in foreign currency exchange rates relative to the U.S. Dollar, the Company’s reporting currency. During the third quarter of 2015, the Company enhanced its program to mitigate exposure to changes in foreign currency exchange rates. The enhancement to the program included the use of foreign currency forward contracts, which were entered into during the third quarter of 2015, to minimize, for a period of time, the impact on its financial results from changes in foreign exchange rates, primarily the British Pound Sterling, Canadian Dollar and the Chinese Yuan Renminbi. During the third quarter of 2015, the Company also entered into certain foreign currency forward contracts to hedge the anticipated cash flows from transactions denominated in foreign currencies, primarily the Mexican Peso. This does not eliminate the impact of the volatility of foreign exchange rates. Non-Designated Foreign Currency Contracts All of the Company’s foreign currency hedge contracts to date have been non-designated contracts. The Company manages its exposure to changes in foreign currency on a consolidated basis to take advantage of offsetting transactions and balances. During the third quarter of 2015, the Company commenced using currency forward contracts as part of its strategy to manage exposure related to foreign currency denominated monetary assets and liabilities. These foreign currency forward contracts are entered into for periods consistent with currency transaction exposures, which are generally one month. They are not designated as cash flow or fair value hedges under ASC 815, “Derivatives and Hedging” (“ASC 815”). These forward contracts are marked-to-market with changes in fair value recorded in the condensed consolidated statement of operations. The Company had non-designated foreign currency hedge contracts under ASC 815 outstanding with a notional amount of approximately $18.0 million as of September 26, 2015. During the third quarter of 2015, the Company recorded approximately $0.1 million of unrealized losses related to contracts outstanding as of September 26, 2015. During the third quarter of 2015, the Company settled non-designated foreign currency hedge contracts with a notional amount totaling approximately $15.9 million resulting in a realized loss upon settlement of approximately $0.3 million . As the losses related to non-designated foreign currency hedge contracts are not material, they have been reflected in other expense, which is a component of SG&A within the Company’s condensed consolidated statement of operations. The losses related to the non-designated foreign currency hedge contracts are included within operating activities in the condensed consolidated statement of cash flows. ASC 815 requires all derivative instruments to be recognized at their fair value as either assets or liabilities on the balance sheet. The Company has determined the fair value of its derivative instruments using the framework prescribed by ASC 820, “Fair Value Measurements and Disclosures” ("ASC 820"), by considering the estimated amount it would receive or pay to sell or transfer these instruments at the reporting date and by taking into account currency exchange rates, the creditworthiness of the counterparty for assets, and the Company’s creditworthiness for liabilities. Generally, the Company uses inputs that include quoted prices for similar assets or liabilities in active markets. As of September 26, 2015, the Company has classified its derivative assets and liabilities within Level 2 of the fair value hierarchy prescribed by ASC 820, as discussed further below, because these observable inputs are available for substantially the full term of its derivative instruments. Neither the total derivative assets nor the total derivative liabilities were material as of September 26, 2015. Other Fair Value Measurements and Disclosures The Company’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy in accordance with ASC 820. ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements; rather, it applies to other accounting pronouncements that require or permit fair value measurements. ASC 820 establishes a three-level valuation hierarchy for disclosure of fair value measurements. The categorization of assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the measurement of fair value. The levels of the fair value hierarchy are described below: • Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets and liabilities that the Company has the ability to access at the measurement date. • Level 2 inputs utilize inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. • Level 3 inputs are unobservable inputs for the asset or liability, allowing for situations where there is little, if any, market activity for the asset or liability. On a recurring basis, the Company measures certain financial assets and financial liabilities at fair value, including its restricted investments, foreign currency hedge contracts, and contingent consideration. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The Company bases fair value upon quoted market prices, where available. Where quoted market prices or other observable inputs are not available, the Company applies valuation techniques to estimate fair value. Measured on a Recurring Basis Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following at September 26, 2015 : Quoted Market Prices for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (Dollar amounts in millions) Assets: Restricted Investments $ 1.2 $ — $ — $ 1.2 Liabilities Contingent Consideration $ — $ — $ 3.7 $ 3.7 Restricted Investments (Level 1) -- The fair value of investments is based on quoted market prices. The fair value of investments was not materially different from their cost basis at September 26, 2015 or December 31, 2014 . Contingent Consideration (Level 3) -- Contingent consideration liabilities are measured at fair value using projected revenue, discount rates, probabilities of payment and projected payment dates. This Level 3 fair value measurement was performed using a probability-weighted discounted cash flow over a ten year period. Increases or decreases in the fair value of the Company's contingent consideration liability can result from changes in discount periods and rates, as well as changes in the timing and amount of revenue estimates or likelihood of earning revenue. Projected revenue is based on the Company's most recent internal operational budgets. From the date of acquisition through September 26, 2015 , the only fair value adjustment related to contingent consideration was a result of the accretion of the time value of money and was immaterial. From the date of acquisition through September 26, 2015 , there were no changes related to the underlying valuation assumptions. Refer to Note B, "Acquisitions and Dispositions" for further discussions regarding contingent consideration. Measured on a Non-Recurring Basis The Company remeasures the fair value of certain assets and liabilities upon the occurrence of certain events. Such assets are comprised of long-lived assets, including property and equipment, intangible assets and goodwill. During the nine months of 2015, the Company committed to a plan to sell one of its RCH segment’s warehouse properties and engaged a third party broker to assist the Company in actively marketing this asset and identifying a buyer. Based on the Company’s evaluation of the assets held for sale criteria under ASC 360-10, the Company concluded all of the criteria were met and that the asset that is expected to be sold should be classified as held for sale as of September 26, 2015 . The assets held for sale relate to separately identifiable building and land owned by a subsidiary within the RCH reporting unit. The Company determined that the fair value, which was determined based on Level 3 inputs based on estimated selling price, less cost to sell, was approximately $2.7 million and, as a result, the Company recorded a charge to SG&A of approximately $0.4 million during the nine months of 2015 to reduce the carrying value to fair value less cost to sell. During the second quarter of 2015 and 2014, the Company recorded impairment charges related to long-lived assets and goodwill associated with the AVC segments. The non-recurring fair value measurements of these assets were primarily determined using unobservable inputs and as such, these fair value measurements are classified within Level 3 of the fair value hierarchy. See Note C, "Goodwill and Other Intangible Assets" for further discussion surrounding these charges. Financial Instruments Not Recorded at Fair Value The carrying value and fair values of financial instruments not recorded at fair value in the unaudited condensed consolidated balance sheets at September 26, 2015 and December 31, 2014 were as follows: Cash and Trade Receivables -- Cash and trade receivables are carried at their cost which approximates fair value (Level 1) because of their short-term nature. Long-Term Debt -- At September 26, 2015 , the fair value of the Company's long-term indebtedness was approximately $45.9 million higher than the amount on the Company's accompanying unaudited condensed consolidated balance sheet, before approximately $3.7 million of unamortized debt premium and approximately $5.2 million of unamortized debt discount. At December 31, 2014 , the fair value of the Company’s long-term indebtedness was approximately $68.6 million higher than the amount on the Company's consolidated balance sheet, before approximately $4.8 million of unamortized debt premium and approximately $1.9 million of unamortized debt discount. The Company determined the fair market value of its 10% Notes and 8.5% Notes using available market quotes (Level 1). For the Company's remaining outstanding indebtedness (including outstanding borrowings under the ABL Facility and the Term Loan Facility), the Company believes that the carrying value of such indebtedness approximated the fair value based upon the variable interest rates associated with certain of these debt obligations and the Company's estimated credit risk.

Guarantor Financial Statements

Guarantor Financial Statements	9 Months Ended
	Sep. 26, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Guarantor Financial Statements	Guarantor Financial Statements The Company's 8.5% Notes are guaranteed by each of the Company's current and future domestic subsidiaries that guarantee the Company's obligations under its senior secured credit facilities (the “Guarantors”). The Guarantors are wholly-owned, either directly or indirectly, by the Company and jointly and severally guarantee the Company's obligation under the 8.5% Notes. None of the Company's foreign subsidiaries guarantee the 8.5% Notes. Consolidating balance sheets related to Nortek, the Guarantors and non-Guarantor subsidiaries as of September 26, 2015 and December 31, 2014, the related consolidating statements of operations and comprehensive income (loss) for the third quarter and nine months of 2015 and 2014, and the related cash flows for the nine months of 2015 and 2014 are reflected below in order to comply with the reporting requirements for guarantor subsidiaries. Condensed Consolidating Balance Sheet as of September 26, 2015 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) ASSETS: Current Assets: Unrestricted cash and cash equivalents $ 4.5 $ 1.6 $ 21.7 $ — $ 27.8 Restricted cash 0.1 0.1 — — 0.2 Accounts receivable, less allowances — 286.3 61.3 — 347.6 Intercompany receivables 0.7 — 97.5 (98.2 ) — Inventories, net — 309.0 83.5 (6.9 ) 385.6 Prepaid expenses 3.0 11.5 6.7 — 21.2 Other current assets 1.2 10.3 9.7 — 21.2 Deferred tax assets 17.1 27.1 — (0.5 ) 43.7 Total current assets 26.6 645.9 280.4 (105.6 ) 847.3 Property and Equipment, at Cost: Total property and equipment, net 11.4 156.9 53.9 — 222.2 Other Long-term Assets: Investment in subsidiaries and long-term receivable from (to) subsidiaries 1,445.1 357.9 — (1,803.0 ) — Goodwill — 464.3 40.0 — 504.3 Intangible assets, less accumulated amortization — 582.1 51.5 (9.0 ) 624.6 Deferred tax asset 14.2 — — (14.2 ) — Other assets 16.1 11.4 0.8 — 28.3 Total other long-term assets 1,475.4 1,415.7 92.3 (1,826.2 ) 1,157.2 Total Assets $ 1,513.4 $ 2,218.5 $ 426.6 $ (1,931.8 ) $ 2,226.7 LIABILITIES AND STOCKHOLDERS' INVESTMENT (DEFICIT): Current Liabilities: Short term bank obligations $ — $ — $ 0.5 $ — $ 0.5 Current maturities of long-term debt 6.1 1.2 — — 7.3 Accounts payable 4.7 134.7 132.3 — 271.7 Accrued expenses, taxes, and deferred revenue 53.6 143.7 42.8 — 240.1 Current deferred taxes — — 0.5 (0.5 ) — Intercompany payables — 98.2 — (98.2 ) — Total current liabilities 64.4 377.8 176.1 (98.7 ) 519.6 Other Liabilities: Deferred income taxes — 125.3 14.5 (16.9 ) 122.9 Other long-term liabilities 53.2 104.3 24.3 — 181.8 Long-term intercompany payables — — 102.6 (102.6 ) — 53.2 229.6 141.4 (119.5 ) 304.7 Notes, Mortgage Notes and Obligations Payable, Less Current Maturities 1,389.0 4.8 1.8 — 1,395.6 Stockholders' investment (deficit) 6.8 1,606.3 107.3 (1,713.6 ) 6.8 Total Liabilities and Stockholders' Investment (Deficit) $ 1,513.4 $ 2,218.5 $ 426.6 $ (1,931.8 ) $ 2,226.7 Condensed Consolidating Balance Sheet as of December 31, 2014 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) ASSETS: Current Assets: Unrestricted cash and cash equivalents $ 17.5 $ 5.1 $ 35.8 $ — $ 58.4 Restricted cash 0.2 0.4 — — 0.6 Accounts receivable, less allowances — 257.3 67.6 — 324.9 Intercompany receivables 3.2 — 80.8 (84.0 ) — Inventories, net — 303.5 78.2 (7.4 ) 374.3 Prepaid expenses 2.5 10.5 5.4 — 18.4 Other current assets — 7.2 10.9 — 18.1 Deferred tax assets 4.1 25.1 — (1.1 ) 28.1 Total current assets 27.5 609.1 278.7 (92.5 ) 822.8 Property and Equipment, at Cost: Total property and equipment, net 11.9 163.0 63.1 — 238.0 Other Long-term Assets: Investment in subsidiaries and long-term receivable from (to) subsidiaries 1,376.2 415.9 — (1,792.1 ) — Goodwill — 434.4 39.9 — 474.3 Intangible assets, less accumulated amortization — 596.5 55.7 (9.6 ) 642.6 Deferred tax asset 13.9 — — (13.9 ) — Other assets 19.1 11.4 0.9 — 31.4 Total other long-term assets 1,409.2 1,458.2 96.5 (1,815.6 ) 1,148.3 Total Assets $ 1,448.6 $ 2,230.3 $ 438.3 $ (1,908.1 ) $ 2,209.1 LIABILITIES AND STOCKHOLDERS' INVESTMENT (DEFICIT): Current Liabilities: Short term bank obligations $ — $ — $ 0.6 $ — $ 0.6 Current maturities of long-term debt 3.8 2.5 — — 6.3 Accounts payable 2.4 157.0 129.4 — 288.8 Accrued expenses, taxes, and deferred revenue 32.7 145.7 44.0 — 222.4 Current deferred taxes — — 1.1 (1.1 ) — Intercompany payables — 84.0 — (84.0 ) — Total current liabilities 38.9 389.2 175.1 (85.1 ) 518.1 Other Liabilities: Deferred income taxes — 126.4 13.8 (16.7 ) 123.5 Other long-term liabilities 34.6 125.1 26.2 — 185.9 Long-term intercompany payables — — 119.6 (119.6 ) — 34.6 251.5 159.6 (136.3 ) 309.4 Notes, Mortgage Notes and Obligations Payable, Less Current Maturities 1,332.9 6.5 — — 1,339.4 Stockholders' investment (deficit) 42.2 1,583.1 103.6 (1,686.7 ) 42.2 Total Liabilities and Stockholders' Investment (Deficit) $ 1,448.6 $ 2,230.3 $ 438.3 $ (1,908.1 ) $ 2,209.1 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the third quarter ended September 26, 2015 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) Net Sales $ — $ 530.7 $ 191.9 $ (104.1 ) $ 618.5 Cost of products sold — 380.3 167.0 (104.8 ) 442.5 Gross profit — 150.4 24.9 0.7 176.0 Selling, general and administrative expense, net 12.8 109.7 18.6 — 141.1 Loss on sale of assets — — 2.9 — 2.9 Amortization of intangible assets — 15.6 1.7 (0.2 ) 17.1 Operating (loss) earnings (12.8 ) 25.1 1.7 0.9 14.9 Net interest expense (22.9 ) (1.0 ) (0.1 ) — (24.0 ) (Loss) income before charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes (35.7 ) 24.1 1.6 0.9 (9.1 ) Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes 26.6 (14.3 ) (0.1 ) (12.2 ) — (Loss) earnings before provision (benefit) for income taxes (9.1 ) 9.8 1.5 (11.3 ) (9.1 ) Provision (benefit) for income taxes 5.3 (4.6 ) (3.0 ) 7.6 5.3 Net (loss) earnings $ (14.4 ) $ 14.4 $ 4.5 $ (18.9 ) $ (14.4 ) Other comprehensive (loss) income, net of tax: Currency translation adjustment (4.0 ) — (3.9 ) 3.9 (4.0 ) Total pension liability adjustments, net of tax 0.3 — 0.1 (0.1 ) 0.3 Other comprehensive (loss) income (3.7 ) — (3.8 ) 3.8 (3.7 ) Comprehensive (loss) income $ (18.1 ) $ 14.4 $ 0.7 $ (15.1 ) $ (18.1 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the nine months ended September 26, 2015 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) Net Sales $ — $ 1,625.5 $ 605.4 $ (335.8 ) $ 1,895.1 Cost of products sold — 1,173.9 516.6 (336.3 ) 1,354.2 Gross profit — 451.6 88.8 0.5 540.9 Selling, general and administrative expense, net 38.2 324.2 68.1 — 430.5 Loss on sale of assets — — 2.9 — 2.9 Impairment of long-lived assets and goodwill — 0.2 1.0 — 1.2 Amortization of intangible assets — 45.1 4.5 (0.6 ) 49.0 Operating (loss) earnings (38.2 ) 82.1 12.3 1.1 57.3 Net interest expense (73.2 ) (2.8 ) (0.1 ) — (76.1 ) Loss from debt retirement (14.8 ) — — — (14.8 ) (Loss) income before charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes (126.2 ) 79.3 12.2 1.1 (33.6 ) Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes 92.6 (47.1 ) (0.2 ) (45.3 ) — (Loss) earnings before (benefit) provision for income taxes (33.6 ) 32.2 12.0 (44.2 ) (33.6 ) (Benefit) provision for income taxes (3.0 ) 4.7 2.8 (7.5 ) (3.0 ) Net (loss) earnings $ (30.6 ) $ 27.5 $ 9.2 $ (36.7 ) $ (30.6 ) Other comprehensive (loss) income, net of tax: Currency translation adjustment (7.8 ) — (6.8 ) 6.8 (7.8 ) Total pension liability adjustments, net of tax 0.7 — 0.4 (0.4 ) 0.7 Other comprehensive (loss) income (7.1 ) — (6.4 ) 6.4 (7.1 ) Comprehensive (loss) income $ (37.7 ) $ 27.5 $ 2.8 $ (30.3 ) $ (37.7 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the third quarter ended September 27, 2014 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) Net Sales $ — $ 545.3 $ 207.4 $ (109.8 ) $ 642.9 Cost of products sold — 387.0 176.5 (110.6 ) 452.9 Gross profit — 158.3 30.9 0.8 190.0 Selling, general and administrative expense, net 14.8 99.1 27.8 — 141.7 Amortization of intangible assets — 13.8 1.3 (0.2 ) 14.9 Operating (loss) earnings (14.8 ) 45.4 1.8 1.0 33.4 Net interest expense (26.4 ) (0.9 ) — — (27.3 ) Loss from debt retirement (0.5 ) — — — (0.5 ) (Loss) earnings before charges and allocations to subsidiaries and equity in subsidiaries' earnings (loss) before income taxes (41.7 ) 44.5 1.8 1.0 5.6 Charges and allocations to subsidiaries and equity in subsidiaries' earnings (loss) before income taxes 47.3 (18.8 ) (0.3 ) (28.2 ) — Earnings (loss) before provision (benefit) for income taxes 5.6 25.7 1.5 (27.2 ) 5.6 Provision (benefit) for income taxes 1.0 8.7 2.2 (10.9 ) 1.0 Net earnings (loss) $ 4.6 $ 17.0 $ (0.7 ) $ (16.3 ) $ 4.6 Other comprehensive (loss) income, net of tax: Currency translation adjustment (4.4 ) — (3.7 ) 3.7 (4.4 ) Total pension liability adjustments, net of tax 0.6 — 0.6 (0.6 ) 0.6 Other comprehensive (loss) income (3.8 ) — (3.1 ) 3.1 (3.8 ) Comprehensive income (loss) $ 0.8 $ 17.0 $ (3.8 ) $ (13.2 ) $ 0.8 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the nine months ended September 27, 2014 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) Net Sales $ — $ 1,631.4 $ 640.1 $ (362.2 ) $ 1,909.3 Cost of products sold — 1,163.8 552.5 (360.9 ) 1,355.4 Gross profit — 467.6 87.6 (1.3 ) 553.9 Selling, general and administrative expense, net 48.5 292.1 75.4 — 416.0 Impairment of long-lived assets and goodwill — 70.1 10.3 — 80.4 Amortization of intangible assets — 40.9 3.4 (0.6 ) 43.7 Operating (loss) earnings (48.5 ) 64.5 (1.5 ) (0.7 ) 13.8 Net interest expense (76.1 ) (1.8 ) (0.1 ) — (78.0 ) Loss from debt retirement (2.3 ) — — — (2.3 ) (Loss) income before charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes (126.9 ) 62.7 (1.6 ) (0.7 ) (66.5 ) Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes 60.4 (58.3 ) 0.2 (2.3 ) — (Loss) earnings before (benefit) provision for income taxes (66.5 ) 4.4 (1.4 ) (3.0 ) (66.5 ) (Benefit) provision for income taxes (16.3 ) 3.9 3.9 (7.8 ) (16.3 ) Net (loss) earnings $ (50.2 ) $ 0.5 $ (5.3 ) $ 4.8 $ (50.2 ) Other comprehensive (loss) income, net of tax: Currency translation adjustment (4.8 ) — (4.1 ) 4.1 (4.8 ) Total pension liability adjustments, net of tax 0.3 — 0.3 (0.3 ) 0.3 Other comprehensive (loss) income (4.5 ) — (3.8 ) 3.8 (4.5 ) Comprehensive (loss) income $ (54.7 ) $ 0.5 $ (9.1 ) $ 8.6 $ (54.7 ) Condensed Consolidating Cash Flow Statement For the nine months ended September 26, 2015 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Consolidated (Dollar amounts in millions) Cash Flows from operating activities: Net cash (used in) provided by operating activities $ (120.3 ) $ 138.9 $ 2.0 $ 20.6 Cash Flows from investing activities: Capital expenditures (1.5 ) (22.8 ) (4.8 ) (29.1 ) Net cash paid for businesses acquired and dispositions — (63.1 ) (1.6 ) (64.7 ) Intercompany contributions (0.9 ) — 0.9 — Proceeds from the sale of property and equipment — 0.1 — 0.1 Change in restricted cash and marketable securities 0.1 0.1 — 0.2 Other, net — (0.6 ) 0.2 (0.4 ) Net cash used in investing activities (2.3 ) (86.3 ) (5.3 ) (93.9 ) Cash Flows from financing activities: Proceeds from ABL and other borrowings 337.0 — 3.7 340.7 Payment of ABL and other borrowings (289.0 ) (2.2 ) (2.0 ) (293.2 ) Redemption of the 10% Senior Notes due 2018, including redemption premium (262.5 ) — — (262.5 ) Net proceeds from borrowings under the senior secured term loan facility due 2020 261.8 — — 261.8 Fees paid in connection with debt facilities (2.7 ) — — (2.7 ) Net use from equity transactions (1.9 ) — — (1.9 ) Excess tax benefit on share-based awards 0.5 — — 0.5 Long-term intercompany advances and loans 66.4 (53.9 ) (12.5 ) — Net cash provided by (used in) financing activities 109.6 (56.1 ) (10.8 ) 42.7 Net change in unrestricted cash and cash equivalents (13.0 ) (3.5 ) (14.1 ) (30.6 ) Unrestricted cash and cash equivalents at the beginning of the period 17.5 5.1 35.8 58.4 Unrestricted cash and cash equivalents at the end of the period $ 4.5 $ 1.6 $ 21.7 $ 27.8 Condensed Consolidating Cash Flow Statement For the nine months ended September 27, 2014 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Consolidated (Dollar amounts in millions) Cash Flows from operating activities: Net cash (used in) provided by operating activities $ (127.3 ) $ 135.7 $ 9.2 $ 17.6 Cash Flows from investing activities: Capital expenditures (7.0 ) (16.7 ) (4.0 ) (27.7 ) Net cash paid for businesses acquired (184.5 ) — (70.4 ) (254.9 ) Intercompany dividends — 15.5 (15.5 ) — Intercompany contributions (0.4 ) — 0.4 — Proceeds from the sale of property and equipment — 1.1 0.5 1.6 Change in restricted cash and marketable securities 0.1 0.1 0.1 0.3 Other, net — (1.1 ) (0.3 ) (1.4 ) Net cash used in investing activities (191.8 ) (1.1 ) (89.2 ) (282.1 ) Cash Flows from financing activities: Proceeds from ABL and other borrowings 140.0 — 2.4 142.4 Payment of ABL and other borrowings (140.3 ) (2.1 ) (2.4 ) (144.8 ) Net proceeds from borrowings under the senior secured term loan facility due 2020 349.1 — — 349.1 Redemption of the senior secured term loan facility due 2017 (93.0 ) — — (93.0 ) Fees paid in connection with debt facilities (6.3 ) — — (6.3 ) Net use from equity transactions (4.0 ) — — (4.0 ) Excess tax benefit on share-based awards 6.4 — — 6.4 Long-term intercompany advances and loans 65.3 (134.4 ) 69.1 — Net cash provided by (used in) financing activities 317.2 (136.5 ) 69.1 249.8 Net change in unrestricted cash and cash equivalents (1.9 ) (1.9 ) (10.9 ) (14.7 ) Unrestricted cash and cash equivalents at the beginning of the period 23.2 20.0 37.7 80.9 Unrestricted cash and cash equivalents at the end of the period $ 21.3 $ 18.1 $ 26.8 $ 66.2

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Nortek, Inc. (“Nortek”) and all of its wholly owned subsidiaries (collectively the “Company”) is a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. Operating within five principal reporting segments (see Note I, “Segment Information and Concentration of Risk” ), the Company manufactures and sells, primarily in the United States, Canada and Europe, with additional manufacturing in China and Mexico, a wide variety of products for the remodeling and replacement markets, the residential and commercial new construction markets, the manufactured housing market, and the personal and enterprise computer markets. The Company operates on a calendar year, and each interim period is comprised of two 4-week periods and one 5-week period, with each week ending on a Saturday. The Company's fiscal year always begins on January 1 and ends on December 31. As a result, the Company's first and fourth quarters may have more or less days included than a traditional 4-4-5 fiscal calendar, which consists of 91 days. The three months ended September 26, 2015 ("third quarter of 2015") and September 27, 2014 ("third quarter of 2014") each include 91 days. The first nine months ended September 26, 2015 ("nine months of 2015") and September 27, 2014 ("nine months of 2014") include 269 days and 270 days, respectively. The accompanying unaudited condensed consolidated financial statements reflect the financial position, results of operations, comprehensive (loss) income, and cash flows of the Company after elimination of intercompany accounts and transactions, without audit and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary for a fair statement of the interim periods presented. Although certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been omitted, the Company believes that the disclosures included are adequate to make the information presented herein not misleading. Operating results for the third quarter and nine months of 2015 and 2014 are not necessarily indicative of the results that may be expected for other interim periods or for any fiscal year. Certain amounts in the prior periods' unaudited condensed consolidated financial statements have been reclassified to conform to the current period presentation. As a result of certain acquisitions and a disposition as discussed in Note B, “Acquisitions and Dispositions” , the operating results of these acquired entities are included in the Company’s consolidated results of operations from the date of acquisition prospectively and the results of operations from dispositions are excluded commencing on the date of disposition. The Company has entered into certain arrangements with an independent third party in Mexico related to the Company’s manufacturing operations in Mexico. The Company has evaluated the operating entities that were formed under these arrangements and has determined that these entities are variable interest entities in accordance with Accounting Standards Codification ("ASC") 810, "Consolidation" ("ASC 810"). The Company has concluded that it is the primary beneficiary of these entities since it has both the power to direct activities that most significantly impact the entities' economic performance and the obligation to absorb losses that could potentially be significant since the Company is responsible for all operating decisions and all operating costs of these entities. As a result, the Company is consolidating the results of these entities in accordance with ASC 810. For the third quarter and nine months of 2015 and 2014, the results of operations of these entities included in the Company’s statement of operations were not material. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes included in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2014 ("2014 Form 10-K") and Current Reports on Form 8-K as filed with the Securities and Exchange Commission ("SEC"). During the second quarter of 2015, the Company transferred the management of its UK commercial HVAC subsidiary from the Custom and Commercial Air Solutions ("CAS") segment to the Residential and Commercial HVAC ("RCH") segment. As a result, the Company has restated prior period segment disclosures to conform to the new segment composition. This UK subsidiary did not have any goodwill or other long-lived assets; as such, the Company was not required to perform a long-lived asset impairment analysis.
New Accounting Pronouncements	New Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement Period Adjustments ("ASU 2015-16"), as part of its simplification initiative. Under ASU 2015-16, an acquirer would be required to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Further, the acquirer must record, in the financial statements for the same period, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. Under ASU 2015-16, entities must also present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The guidance in ASU No. 2015-16 is effective for periods beginning after December 15, 2015 and should be applied prospectively to adjustments to provisional amounts that occur after the effective date. Early adoption is permitted for financial statements that have not been issued. The Company adopted this pronouncement in the third quarter of 2015 and the adoption of this standard did not have a material effect on the Company's consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) - Simplifying the Measurement of Inventory ("ASU 2015-11"), which simplifies the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined by methods other than last-in first-out ("LIFO") and the retail inventory method. The guidance in ASU No. 2015-11 is effective for periods beginning after December 15, 2016 and early adoption is permitted. The Company will adopt this pronouncement in the first quarter of 2017 and is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. In April 2015, the FASB issued ASU No. 2015-05, Intangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40) - Customer's Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"), which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. Consequently, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. ASU 2015-05 will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. An entity can elect to adopt the amendments either (1) prospectively to all arrangements entered into or materially modified after the effective date or (2) retrospectively. The Company will adopt this pronouncement in the first quarter of 2016 and is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"), which provides guidance on simplifying the presentation of debt issuance costs on the balance sheet. To simplify presentation of debt issuance costs, the amendments in ASU No. 2015-03 require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. In August 2015, the FASB issued ASU No. 2015-15, Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update) ("ASU 2015-15"), to address the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Under ASU 2015-15, entities are permitted to defer and present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of credit-arrangement. ASU 2015-03 and ASU 2015-15 are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period and early adoption is permitted for financial statements that have not yet been previously issued. In accordance with ASU 2015-03 and ASU 2015-15, companies should apply the new guidance on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, an entity is required to comply with the applicable disclosures for a change in an accounting principle. The Company will adopt these pronouncements in the first quarter of 2016. Adoption is not expected to have a material effect on the Company's consolidated financial statements, but will affect balance sheet classification. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis ("ASU 2015-02"). The amendments of ASU No. 2015-02 were issued in an effort to minimize situations under previously existing guidance in which a reporting entity was required to consolidate another legal entity in which that reporting entity did not have: (1) the ability through contractual rights to act primarily on its own behalf; (2) ownership of the majority of the legal entity's voting rights; or (3) the exposure to a majority of the legal entity's economic benefits. ASU No. 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. The guidance in ASU No. 2015-02 is effective for periods beginning after December 15, 2015 and early adoption is permitted. The Company will adopt this pronouncement in the first quarter of 2016. Adoption is not expected to have a material effect on the Company's consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40) ("ASU 2014-15"), which provides guidance about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term "substantial doubt", (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). ASU 2014-15 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early adoption is permitted. The Company will adopt this pronouncement in the first quarter of 2017 and does not expect adoption to have a material effect on the Company's consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718) ("ASU 2014-12"), which clarifies the accounting for share based payments in which the terms of the award provide that a performance target can be achieved after the requisite service period. ASU 2014-12 is effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted and an entity may apply the amendments in ASU 2014-12 either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The Company adopted this pronouncement in the third quarter of 2015 and the adoption of this standard did not have a material effect on the Company's consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). ASU 2014-09 is a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle under ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also specifies the accounting for some costs to obtain or fulfill a contract with a customer. ASU 2014-09 also requires additional disclosures about the nature, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. On July 9, 2015, the FASB decided to defer the effective date for this standard to annual periods beginning after December 15, 2017 and interim periods therein. Early adoption is permitted, but not before January 1, 2017, and an entity may apply the amendments in ASU 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying ASU 2014-09 at the date of initial application. Currently, the Company is evaluating both the method of adoption and the impact adoption will have on its consolidated financial statements. In evaluating the method of adoption, the Company is considering a number of factors, including the disclosure requirements and related processes and controls required, as well as, the overall industry and peer public company adoption method trends. In April 2014, the FASB issued ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity ("ASU 2014-08"), which changes the criteria for reporting discontinued operations. ASU 2014-08 also requires additional disclosures about discontinued operations including, among others, the major classes of line items constituting the pretax profit and loss of the discontinued operation, either the total operating and investing cash flow of the discontinued operation or the depreciation, amortization, capital expenditures, and significant operating and investing non-cash items of the discontinued operation, a reconciliation of the major classes of assets and liabilities of the discontinued operation classified as held for sale to total assets and total liabilities of the disposal group classified as held for sale that is presented on the face of the balance sheet, and a reconciliation of the major classes of line items constituting the pretax profit or loss of the discontinued operation to the after-tax profit or loss of the discontinued operation that is presented on the face of the income statement. ASU 2014-08 also requires entities to provide disclosures about a disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation and expands the disclosures about an entity's significant continuing involvement with a discontinued operation. ASU 2014-08 is effective prospectively for both (1) disposals of components of an entity and (2) businesses that, on acquisition are classified as held for sale, that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. The Company adopted this standard in the first quarter of 2015. The adoption of this standard did not have a material effect on the Company's consolidated financial statements.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	9 Months Ended
	Sep. 26, 2015
Reznor
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (dollar amounts in millions): Fair Value Weighted Average Useful Lives Customer relationships $ 64.8 11.1 Completed Technology 20.4 5.0 Trademarks 39.7 20.0 Other 0.1 3.8 $ 125.0 12.9 The following is a summary of the accounting for the assets acquired and liabilities assumed (dollar amounts in millions): Current assets (1) $ 46.9 Property and equipment 17.0 Goodwill 103.8 Intangible assets 125.0 Current liabilities (2) (18.8 ) Deferred income taxes (9.7 ) Other long-term liabilities (1.6 ) $ 262.6 (1) Includes cash of approximately $7.0 million , accounts receivable of approximately $17.5 million , inventories of approximately $20.5 million , prepaid and other current assets of approximately $1.0 million , and current deferred taxes of approximately $0.9 million . Inventories include a fair value adjustment to the historical carrying value of approximately $1.8 million . (2) Includes accounts payable of approximately $12.3 million and accrued expenses and taxes of approximately $6.5 million .
Business Acquisition, Pro Forma Information	The unaudited pro forma net sales, operating earnings, net loss, basic and diluted loss per share, and depreciation and amortization expense for the Company as a result of the acquisition of Reznor for the nine months of 2014 were as follows (amounts in millions, except loss per share data): Net sales $ 1,961.4 Operating earnings 23.9 Net loss (44.3 ) Basic loss per share (2.84 ) Diluted loss per share (2.84 ) Depreciation & amortization expense 82.7
Anthro
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (dollar amounts in millions): Fair Value Weighted Average Useful Lives Developed technology $ 13.3 4.0 Customer relationships 2.2 4.5 Trade names 3.9 5.0 Favorable lease arrangements 0.2 3.0 $ 19.6 4.3
Numera, Inc.
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (dollar amounts in millions): Fair Value Weighted Average Useful Lives Developed technology $ 5.6 4.8 Customer relationships 4.0 5.8 Trade names 1.1 5.5 Non-compete arrangements 0.3 3.3 $ 11.0 5.1

Goodwill and Other Intangible23

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table presents a summary of the activity in goodwill by reporting segment for the nine months of 2015 : December 31, 2014 (1) Acquisitions (2) September 26, 2015 (1) (Dollar amounts in millions) Air Quality and Home Solutions ("AQH"): Gross goodwill $ 156.8 $ — $ 156.8 Impairment losses — — — Net AQH goodwill 156.8 — 156.8 Security and Control Solutions ("SCS"): Gross goodwill 80.9 4.4 85.3 Impairment losses — — — Net SCS goodwill 80.9 4.4 85.3 Ergonomic and Productivity Solutions ("ERG"): Gross goodwill 131.4 25.5 156.9 Impairment losses — — — Net ERG goodwill 131.4 25.5 156.9 Residential and Commercial HVAC: Gross goodwill 105.2 0.1 105.3 Impairment losses — — — Net RCH goodwill 105.2 0.1 105.3 Audio, Video and Control Solutions: Gross goodwill 4.4 — 4.4 Impairment losses (4.4 ) — (4.4 ) Net AVC goodwill — — — Consolidated goodwill: Gross goodwill 478.7 30.0 508.7 Impairment losses (4.4 ) — (4.4 ) Net consolidated goodwill $ 474.3 $ 30.0 $ 504.3 (1) The CAS and combined AVC reporting units did not have goodwill for any periods presented. (2) Acquisition adjustments recorded during the nine months of 2015 for the SCS, ERG and RCH segments relate to the acquisition of Numera, Anthro and Reznor, respectively. See Note B, “Acquisitions and Dispositions” .

Exit and Disposal Activities (T

Exit and Disposal Activities (Tables)	9 Months Ended
	Sep. 26, 2015
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	The following table outlines amounts recorded within the unaudited condensed consolidated statement of operations associated with the Company's exit and disposal activities for the third quarter of 2015 and 2014 : For the third quarter of 2015 For the third quarter of 2014 SG&A COGS Total SG&A COGS Total (Dollar amounts in millions) Manufacturing Rationalization & Relocation Initiatives $ — $ 0.1 $ 0.1 $ — $ 1.1 $ 1.1 Subsidiary Combinations 0.8 6.5 7.3 2.1 0.3 2.4 CAS Segment Consolidation 0.2 2.6 2.8 — — — Best Restructuring 0.6 1.9 2.5 — — — Other restructuring activities 0.1 0.1 0.2 — — — Total $ 1.7 $ 11.2 $ 12.9 $ 2.1 $ 1.4 $ 3.5 The following table outlines amounts recorded within the unaudited condensed consolidated statement of operations associated with the Company's exit and disposal activities for the nine months of 2015 and 2014 : For the nine months of 2015 For the nine months of 2014 SG&A COGS Total SG&A COGS Total (Dollar amounts in millions) Manufacturing Rationalization & Relocation Initiatives $ 0.1 $ 2.4 $ 2.5 $ — $ 3.8 $ 3.8 Warehousing & Distribution Consolidation — (0.3 ) (0.3 ) 0.3 0.6 0.9 Subsidiary Combinations 1.0 6.5 7.5 2.6 0.6 3.2 CAS Segment Consolidation 0.7 6.9 7.6 — — — Best Restructuring 0.6 2.3 2.9 — — — Other restructuring activities 0.5 3.2 3.7 — — — Total $ 2.9 $ 21.0 $ 23.9 $ 2.9 $ 5.0 $ 7.9
Manufacturing Rationalization and Relocation
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The Company expects that the range of total costs of the Manufacturing Rationalization & Relocation Initiatives is as follows: Low (1) High (1) (Dollar amounts in millions) Employee-related costs $ 9.0 $ 10.0 Other costs, including machinery and equipment relocation and installation 9.0 10.0 $ 18.0 $ 20.0 (1) The range of total estimated exit and disposal activities by segment are as follows: Low High (Dollar amounts in millions) RCH $ 16.4 $ 18.4 CAS 1.6 1.6 $ 18.0 $ 20.0
Schedule of Restructuring Reserve by Type of Cost	The following table sets forth the changes to the liability for the Manufacturing Rationalization & Relocation Initiatives during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ 5.2 $ — $ 5.2 Provision (1) (0.1 ) 2.6 2.5 Payments (4.8 ) (2.6 ) (7.4 ) Balance, September 26, 2015 $ 0.3 $ — $ 0.3 (1) Approximately $2.1 million and $0.4 million of costs were recorded in the RCH and CAS segments, respectively, during the nine months of 2015.
Warehousing and Distribution Consolidation
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	The following table sets forth the changes to the liability for the Warehousing and Distribution Consolidation during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ — $ 0.5 $ 0.5 Provision (1) — (0.3 ) (0.3 ) Payments — (0.2 ) (0.2 ) Balance, September 26, 2015 $ — $ — $ — (1) All activity during the nine months of 2015 was recorded in the SCS segment.
Subsidiary Combinations
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	Total expected costs by segment are as follows: Low High (Dollar amounts in millions) SCS $ 0.9 $ 0.9 RCH 1.3 1.3 AVC 24.0 25.0 $ 26.2 $ 27.2
Schedule of Restructuring Reserve by Type of Cost	The following table sets forth the changes to the liability for Subsidiary Combinations during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ 0.7 $ 1.0 $ 1.7 Provision (1) (2) 0.4 0.6 1.0 Payments (0.6 ) (0.9 ) (1.5 ) Other — (0.2 ) (0.2 ) Balance, September 26, 2015 $ 0.5 $ 0.5 $ 1.0 (1) All costs during the nine months of 2015 were recorded in the AVC segments. (2) Excludes approximately $6.5 million of inventory charges, including expected purchase order cancellations, recorded during the third quarter of 2015 as noted previously.
Best Restructuring
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	The following table sets forth the changes to the liability for the Best Restructuring during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ 0.4 $ — $ 0.4 Provision 2.9 — 2.9 Payments (0.7 ) — (0.7 ) Balance, September 26, 2015 $ 2.6 $ — $ 2.6
CAS Segment Consolidation
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	The following table sets forth the changes to the liability for the CAS Segment Consolidation during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ — $ — $ — Provision (1) 2.7 1.0 3.7 Payments (1.2 ) (1.0 ) (2.2 ) Other (0.1 ) 0.2 0.1 Balance, September 26, 2015 $ 1.4 $ 0.2 $ 1.6
Other Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	The following table sets forth the changes to the liability for other restructuring activities during the nine months of 2015 : Severance Other Costs Total (Dollar amounts in millions) Balance, December 31, 2014 $ — $ — $ — Provision (1) (2) 1.8 0.8 2.6 Payments (1.3 ) (0.5 ) (1.8 ) Balance, September 26, 2015 $ 0.5 $ 0.3 $ 0.8 (1) Approximately $2.8 million and $0.9 million of costs were recorded in the RCH and AVC segments, respectively, during the nine months of 2015. (2) Excludes approximately $1.1 million of inventory charges recorded during the nine months of 2015.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 26, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Accrued Indemnifications	The Company has recorded liabilities in relation to these indemnifications in the accompanying unaudited condensed consolidated balance sheet as follows: September 26, 2015 December 31, 2014 (Dollar amounts in millions) Accrued expenses $ 2.5 $ 2.5 Other long-term liabilities 1.6 2.4 $ 4.1 $ 4.9 Undiscounted future payments $ 4.0 $ 5.1
Schedule of Product Warranty Liability	Changes in the Company’s combined short-term and long-term warranty liabilities during the third quarter and nine months of 2015 and 2014 are as follows: Third Quarter of Nine Months of 2015 2014 2015 2014 (Dollar amounts in millions) Balance, beginning of period $ 53.2 $ 57.7 $ 54.8 $ 56.8 Warranties provided during period 5.4 4.6 17.0 19.9 Settlements made during period (6.4 ) (6.9 ) (19.2 ) (22.5 ) Other changes in liability estimate, including expirations and acquisitions (0.5 ) (0.3 ) (0.9 ) 0.9 Balance, end of period $ 51.7 $ 55.1 $ 51.7 $ 55.1
Schedule of Future Minimum Rental Payments for Operating Leases	The future minimum lease payments for these operating leases is as follows: Year Ended December 31, Future Minimum Rental Obligations (Dollar amounts in millions) 2016 $ 4.3 2017 5.9 2018 3.3

Segment Information and Conce26

Segment Information and Concentration of Risk (Tables)	9 Months Ended
	Sep. 26, 2015
Segment Reporting [Abstract]
Schedule of Segment Operating Results	Unaudited net sales, operating earnings and (loss) earnings before provision (benefit) for income taxes for the Company’s reporting segments for the third quarter and nine months of 2015 and 2014 were as follows: Third Quarter of Nine Months of 2015 2014 2015 2014 (Dollar amounts in millions) Net sales: AQH $ 147.3 $ 146.5 $ 437.4 $ 438.8 SCS 94.1 104.2 335.7 351.0 ERG 96.0 83.9 252.6 214.8 RCH 147.2 164.0 450.4 445.2 CAS 103.8 96.7 320.4 339.0 AVC 30.1 47.6 98.6 120.5 Consolidated net sales $ 618.5 $ 642.9 $ 1,895.1 $ 1,909.3 Operating earnings (loss): AQH $ 14.1 $ 18.5 $ 46.9 $ 45.4 SCS 7.1 12.8 30.2 35.9 ERG 19.1 15.2 42.5 34.3 RCH (4.2 ) 7.8 (12.0 ) 19.5 CAS 4.6 1.0 8.6 27.7 AVC (1) (13.2 ) (6.3 ) (19.7 ) (19.1 ) Subtotal 27.5 49.0 96.5 143.7 Impairment of long-lived assets and goodwill — — (1.2 ) (80.4 ) Unallocated, net (12.6 ) (15.6 ) (38.0 ) (49.5 ) Consolidated operating earnings 14.9 33.4 57.3 13.8 Net interest expense (24.0 ) (27.3 ) (76.1 ) (78.0 ) Loss from debt retirement — (0.5 ) (14.8 ) (2.3 ) (Loss) earnings before provision (benefit) $ (9.1 ) $ 5.6 $ (33.6 ) $ (66.5 ) (1) For the third quarter and nine months of 2015, includes the loss on sale of assets of TV One of approximately $2.9 million .
Reconciliation of Assets from Segment to Consolidated	Segment assets at September 26, 2015 and December 31, 2014 for the Company’s reporting segments are presented in the table that follows: September 26, December 31, (Dollar amounts in millions) Segment Assets: AQH $ 585.8 $ 585.7 SCS 370.1 339.6 ERG 421.6 365.0 RCH 533.1 549.6 CAS 155.3 179.3 AVC 50.1 63.2 2,116.0 2,082.4 Unallocated: Cash and cash equivalents, including current restricted cash 28.0 59.0 Deferred tax assets 43.7 28.1 Other assets, including long-term restricted investments 39.0 39.6 Consolidated assets $ 2,226.7 $ 2,209.1

Equity Activity (Tables)

Equity Activity (Tables)	9 Months Ended
	Sep. 26, 2015
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The balances of each component, net of tax attributes, within accumulated other comprehensive loss for the third quarter and nine months of 2015 are as follows: Third quarter of 2015 Nine months of 2015 Foreign Currency Translation Pension Liability Adjustment Total Accumulated Other Comprehensive (Loss) Income Foreign Currency Translation Pension Liability Adjustment Total Accumulated Other Comprehensive Loss (Dollar amounts in millions) Balance, beginning of period $ (12.6 ) $ (26.5 ) $ (39.1 ) $ (8.8 ) $ (26.9 ) $ (35.7 ) Other comprehensive (loss) income before reclassifications (4.0 ) (0.1 ) (4.1 ) (7.8 ) (0.4 ) (8.2 ) Amounts reclassified from AOCI to SG&A (1) — 0.4 0.4 — 1.1 1.1 Net current-period other comprehensive (loss) income (4.0 ) 0.3 (3.7 ) (7.8 ) 0.7 (7.1 ) Balance, end of period $ (16.6 ) $ (26.2 ) $ (42.8 ) $ (16.6 ) $ (26.2 ) $ (42.8 ) (1) For additional information, see Note L, "Pension, Profit Sharing & Other Post-Retirement Benefits" .

(Loss) Earnings per Share (Tabl

(Loss) Earnings per Share (Tables)	9 Months Ended
	Sep. 26, 2015
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The reconciliations between basic and diluted (loss) earnings per share for the third quarter and nine months of 2015 and 2014 are as follows: Third Quarter of Nine Months of 2015 2014 2015 2014 (Dollar amounts in millions, except per share data) Net (loss) earnings $ (14.4 ) $ 4.6 $ (30.6 ) $ (50.2 ) Weighted average common shares outstanding 15,953,891 15,671,819 15,939,145 15,576,327 Dilutive effect of common share equivalents — 428,098 — — Dilutive shares outstanding 15,953,891 16,099,917 15,939,145 15,576,327 Basic (loss) earnings per share $ (0.90 ) $ 0.29 $ (1.92 ) $ (3.22 ) Diluted (loss) earnings per share $ (0.90 ) $ 0.29 $ (1.92 ) $ (3.22 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	A summary of the weighted average anti-dilutive shares excluded from the third quarter and nine months of 2015 and 2014 is as follows: Third Quarter of Nine Months of 2015 2014 2015 2014 Warrants (1) — — — 576,615 Restricted stock 311,178 281,018 325,040 411,378 Stock options 594,914 139,699 583,953 619,676 Total 906,092 420,717 908,993 1,607,669 (1) All warrants were either exercised or expired prior to December 31, 2014.

Pension, Profit Sharing & Oth29

Pension, Profit Sharing & Other Post-Retirement Benefits (Tables)	9 Months Ended
	Sep. 26, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs	The Company’s net periodic benefit cost for its defined benefit plans for the third quarter and nine months of 2015 and 2014 consists of the following components: Third Quarter of Nine Months of 2015 2014 2015 2014 (Dollar amounts in millions) Service cost $ 0.2 $ 0.1 $ 0.7 $ 0.4 Interest cost 1.7 2.0 4.9 5.8 Expected return on plan assets (1.9 ) (2.0 ) (5.5 ) (5.8 ) Net amortization of actuarial loss 0.4 — 1.1 — Net periodic benefit cost $ 0.4 $ 0.1 $ 1.2 $ 0.4

Derivatives and Fair Value (Tab

Derivatives and Fair Value (Tables)	9 Months Ended
	Sep. 26, 2015
Fair Value Disclosures [Abstract]
Financial assets and financial liabilities measured at fair value on a recurring basis	Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following at September 26, 2015 : Quoted Market Prices for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (Dollar amounts in millions) Assets: Restricted Investments $ 1.2 $ — $ — $ 1.2 Liabilities Contingent Consideration $ — $ — $ 3.7 $ 3.7

Guarantor Financial Statements

Guarantor Financial Statements (Tables)	9 Months Ended
	Sep. 26, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Balance Sheet	Condensed Consolidating Balance Sheet as of September 26, 2015 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) ASSETS: Current Assets: Unrestricted cash and cash equivalents $ 4.5 $ 1.6 $ 21.7 $ — $ 27.8 Restricted cash 0.1 0.1 — — 0.2 Accounts receivable, less allowances — 286.3 61.3 — 347.6 Intercompany receivables 0.7 — 97.5 (98.2 ) — Inventories, net — 309.0 83.5 (6.9 ) 385.6 Prepaid expenses 3.0 11.5 6.7 — 21.2 Other current assets 1.2 10.3 9.7 — 21.2 Deferred tax assets 17.1 27.1 — (0.5 ) 43.7 Total current assets 26.6 645.9 280.4 (105.6 ) 847.3 Property and Equipment, at Cost: Total property and equipment, net 11.4 156.9 53.9 — 222.2 Other Long-term Assets: Investment in subsidiaries and long-term receivable from (to) subsidiaries 1,445.1 357.9 — (1,803.0 ) — Goodwill — 464.3 40.0 — 504.3 Intangible assets, less accumulated amortization — 582.1 51.5 (9.0 ) 624.6 Deferred tax asset 14.2 — — (14.2 ) — Other assets 16.1 11.4 0.8 — 28.3 Total other long-term assets 1,475.4 1,415.7 92.3 (1,826.2 ) 1,157.2 Total Assets $ 1,513.4 $ 2,218.5 $ 426.6 $ (1,931.8 ) $ 2,226.7 LIABILITIES AND STOCKHOLDERS' INVESTMENT (DEFICIT): Current Liabilities: Short term bank obligations $ — $ — $ 0.5 $ — $ 0.5 Current maturities of long-term debt 6.1 1.2 — — 7.3 Accounts payable 4.7 134.7 132.3 — 271.7 Accrued expenses, taxes, and deferred revenue 53.6 143.7 42.8 — 240.1 Current deferred taxes — — 0.5 (0.5 ) — Intercompany payables — 98.2 — (98.2 ) — Total current liabilities 64.4 377.8 176.1 (98.7 ) 519.6 Other Liabilities: Deferred income taxes — 125.3 14.5 (16.9 ) 122.9 Other long-term liabilities 53.2 104.3 24.3 — 181.8 Long-term intercompany payables — — 102.6 (102.6 ) — 53.2 229.6 141.4 (119.5 ) 304.7 Notes, Mortgage Notes and Obligations Payable, Less Current Maturities 1,389.0 4.8 1.8 — 1,395.6 Stockholders' investment (deficit) 6.8 1,606.3 107.3 (1,713.6 ) 6.8 Total Liabilities and Stockholders' Investment (Deficit) $ 1,513.4 $ 2,218.5 $ 426.6 $ (1,931.8 ) $ 2,226.7 Condensed Consolidating Balance Sheet as of December 31, 2014 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) ASSETS: Current Assets: Unrestricted cash and cash equivalents $ 17.5 $ 5.1 $ 35.8 $ — $ 58.4 Restricted cash 0.2 0.4 — — 0.6 Accounts receivable, less allowances — 257.3 67.6 — 324.9 Intercompany receivables 3.2 — 80.8 (84.0 ) — Inventories, net — 303.5 78.2 (7.4 ) 374.3 Prepaid expenses 2.5 10.5 5.4 — 18.4 Other current assets — 7.2 10.9 — 18.1 Deferred tax assets 4.1 25.1 — (1.1 ) 28.1 Total current assets 27.5 609.1 278.7 (92.5 ) 822.8 Property and Equipment, at Cost: Total property and equipment, net 11.9 163.0 63.1 — 238.0 Other Long-term Assets: Investment in subsidiaries and long-term receivable from (to) subsidiaries 1,376.2 415.9 — (1,792.1 ) — Goodwill — 434.4 39.9 — 474.3 Intangible assets, less accumulated amortization — 596.5 55.7 (9.6 ) 642.6 Deferred tax asset 13.9 — — (13.9 ) — Other assets 19.1 11.4 0.9 — 31.4 Total other long-term assets 1,409.2 1,458.2 96.5 (1,815.6 ) 1,148.3 Total Assets $ 1,448.6 $ 2,230.3 $ 438.3 $ (1,908.1 ) $ 2,209.1 LIABILITIES AND STOCKHOLDERS' INVESTMENT (DEFICIT): Current Liabilities: Short term bank obligations $ — $ — $ 0.6 $ — $ 0.6 Current maturities of long-term debt 3.8 2.5 — — 6.3 Accounts payable 2.4 157.0 129.4 — 288.8 Accrued expenses, taxes, and deferred revenue 32.7 145.7 44.0 — 222.4 Current deferred taxes — — 1.1 (1.1 ) — Intercompany payables — 84.0 — (84.0 ) — Total current liabilities 38.9 389.2 175.1 (85.1 ) 518.1 Other Liabilities: Deferred income taxes — 126.4 13.8 (16.7 ) 123.5 Other long-term liabilities 34.6 125.1 26.2 — 185.9 Long-term intercompany payables — — 119.6 (119.6 ) — 34.6 251.5 159.6 (136.3 ) 309.4 Notes, Mortgage Notes and Obligations Payable, Less Current Maturities 1,332.9 6.5 — — 1,339.4 Stockholders' investment (deficit) 42.2 1,583.1 103.6 (1,686.7 ) 42.2 Total Liabilities and Stockholders' Investment (Deficit) $ 1,448.6 $ 2,230.3 $ 438.3 $ (1,908.1 ) $ 2,209.1
Schedule of Condensed Income Statement	Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the third quarter ended September 26, 2015 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) Net Sales $ — $ 530.7 $ 191.9 $ (104.1 ) $ 618.5 Cost of products sold — 380.3 167.0 (104.8 ) 442.5 Gross profit — 150.4 24.9 0.7 176.0 Selling, general and administrative expense, net 12.8 109.7 18.6 — 141.1 Loss on sale of assets — — 2.9 — 2.9 Amortization of intangible assets — 15.6 1.7 (0.2 ) 17.1 Operating (loss) earnings (12.8 ) 25.1 1.7 0.9 14.9 Net interest expense (22.9 ) (1.0 ) (0.1 ) — (24.0 ) (Loss) income before charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes (35.7 ) 24.1 1.6 0.9 (9.1 ) Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes 26.6 (14.3 ) (0.1 ) (12.2 ) — (Loss) earnings before provision (benefit) for income taxes (9.1 ) 9.8 1.5 (11.3 ) (9.1 ) Provision (benefit) for income taxes 5.3 (4.6 ) (3.0 ) 7.6 5.3 Net (loss) earnings $ (14.4 ) $ 14.4 $ 4.5 $ (18.9 ) $ (14.4 ) Other comprehensive (loss) income, net of tax: Currency translation adjustment (4.0 ) — (3.9 ) 3.9 (4.0 ) Total pension liability adjustments, net of tax 0.3 — 0.1 (0.1 ) 0.3 Other comprehensive (loss) income (3.7 ) — (3.8 ) 3.8 (3.7 ) Comprehensive (loss) income $ (18.1 ) $ 14.4 $ 0.7 $ (15.1 ) $ (18.1 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the nine months ended September 26, 2015 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) Net Sales $ — $ 1,625.5 $ 605.4 $ (335.8 ) $ 1,895.1 Cost of products sold — 1,173.9 516.6 (336.3 ) 1,354.2 Gross profit — 451.6 88.8 0.5 540.9 Selling, general and administrative expense, net 38.2 324.2 68.1 — 430.5 Loss on sale of assets — — 2.9 — 2.9 Impairment of long-lived assets and goodwill — 0.2 1.0 — 1.2 Amortization of intangible assets — 45.1 4.5 (0.6 ) 49.0 Operating (loss) earnings (38.2 ) 82.1 12.3 1.1 57.3 Net interest expense (73.2 ) (2.8 ) (0.1 ) — (76.1 ) Loss from debt retirement (14.8 ) — — — (14.8 ) (Loss) income before charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes (126.2 ) 79.3 12.2 1.1 (33.6 ) Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes 92.6 (47.1 ) (0.2 ) (45.3 ) — (Loss) earnings before (benefit) provision for income taxes (33.6 ) 32.2 12.0 (44.2 ) (33.6 ) (Benefit) provision for income taxes (3.0 ) 4.7 2.8 (7.5 ) (3.0 ) Net (loss) earnings $ (30.6 ) $ 27.5 $ 9.2 $ (36.7 ) $ (30.6 ) Other comprehensive (loss) income, net of tax: Currency translation adjustment (7.8 ) — (6.8 ) 6.8 (7.8 ) Total pension liability adjustments, net of tax 0.7 — 0.4 (0.4 ) 0.7 Other comprehensive (loss) income (7.1 ) — (6.4 ) 6.4 (7.1 ) Comprehensive (loss) income $ (37.7 ) $ 27.5 $ 2.8 $ (30.3 ) $ (37.7 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the third quarter ended September 27, 2014 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) Net Sales $ — $ 545.3 $ 207.4 $ (109.8 ) $ 642.9 Cost of products sold — 387.0 176.5 (110.6 ) 452.9 Gross profit — 158.3 30.9 0.8 190.0 Selling, general and administrative expense, net 14.8 99.1 27.8 — 141.7 Amortization of intangible assets — 13.8 1.3 (0.2 ) 14.9 Operating (loss) earnings (14.8 ) 45.4 1.8 1.0 33.4 Net interest expense (26.4 ) (0.9 ) — — (27.3 ) Loss from debt retirement (0.5 ) — — — (0.5 ) (Loss) earnings before charges and allocations to subsidiaries and equity in subsidiaries' earnings (loss) before income taxes (41.7 ) 44.5 1.8 1.0 5.6 Charges and allocations to subsidiaries and equity in subsidiaries' earnings (loss) before income taxes 47.3 (18.8 ) (0.3 ) (28.2 ) — Earnings (loss) before provision (benefit) for income taxes 5.6 25.7 1.5 (27.2 ) 5.6 Provision (benefit) for income taxes 1.0 8.7 2.2 (10.9 ) 1.0 Net earnings (loss) $ 4.6 $ 17.0 $ (0.7 ) $ (16.3 ) $ 4.6 Other comprehensive (loss) income, net of tax: Currency translation adjustment (4.4 ) — (3.7 ) 3.7 (4.4 ) Total pension liability adjustments, net of tax 0.6 — 0.6 (0.6 ) 0.6 Other comprehensive (loss) income (3.8 ) — (3.1 ) 3.1 (3.8 ) Comprehensive income (loss) $ 0.8 $ 17.0 $ (3.8 ) $ (13.2 ) $ 0.8 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the nine months ended September 27, 2014 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Eliminations Consolidated (Dollar amounts in millions) Net Sales $ — $ 1,631.4 $ 640.1 $ (362.2 ) $ 1,909.3 Cost of products sold — 1,163.8 552.5 (360.9 ) 1,355.4 Gross profit — 467.6 87.6 (1.3 ) 553.9 Selling, general and administrative expense, net 48.5 292.1 75.4 — 416.0 Impairment of long-lived assets and goodwill — 70.1 10.3 — 80.4 Amortization of intangible assets — 40.9 3.4 (0.6 ) 43.7 Operating (loss) earnings (48.5 ) 64.5 (1.5 ) (0.7 ) 13.8 Net interest expense (76.1 ) (1.8 ) (0.1 ) — (78.0 ) Loss from debt retirement (2.3 ) — — — (2.3 ) (Loss) income before charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes (126.9 ) 62.7 (1.6 ) (0.7 ) (66.5 ) Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes 60.4 (58.3 ) 0.2 (2.3 ) — (Loss) earnings before (benefit) provision for income taxes (66.5 ) 4.4 (1.4 ) (3.0 ) (66.5 ) (Benefit) provision for income taxes (16.3 ) 3.9 3.9 (7.8 ) (16.3 ) Net (loss) earnings $ (50.2 ) $ 0.5 $ (5.3 ) $ 4.8 $ (50.2 ) Other comprehensive (loss) income, net of tax: Currency translation adjustment (4.8 ) — (4.1 ) 4.1 (4.8 ) Total pension liability adjustments, net of tax 0.3 — 0.3 (0.3 ) 0.3 Other comprehensive (loss) income (4.5 ) — (3.8 ) 3.8 (4.5 ) Comprehensive (loss) income $ (54.7 ) $ 0.5 $ (9.1 ) $ 8.6 $ (54.7 )
Schedule of Condensed Cash Flow Statement	Condensed Consolidating Cash Flow Statement For the nine months ended September 26, 2015 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Consolidated (Dollar amounts in millions) Cash Flows from operating activities: Net cash (used in) provided by operating activities $ (120.3 ) $ 138.9 $ 2.0 $ 20.6 Cash Flows from investing activities: Capital expenditures (1.5 ) (22.8 ) (4.8 ) (29.1 ) Net cash paid for businesses acquired and dispositions — (63.1 ) (1.6 ) (64.7 ) Intercompany contributions (0.9 ) — 0.9 — Proceeds from the sale of property and equipment — 0.1 — 0.1 Change in restricted cash and marketable securities 0.1 0.1 — 0.2 Other, net — (0.6 ) 0.2 (0.4 ) Net cash used in investing activities (2.3 ) (86.3 ) (5.3 ) (93.9 ) Cash Flows from financing activities: Proceeds from ABL and other borrowings 337.0 — 3.7 340.7 Payment of ABL and other borrowings (289.0 ) (2.2 ) (2.0 ) (293.2 ) Redemption of the 10% Senior Notes due 2018, including redemption premium (262.5 ) — — (262.5 ) Net proceeds from borrowings under the senior secured term loan facility due 2020 261.8 — — 261.8 Fees paid in connection with debt facilities (2.7 ) — — (2.7 ) Net use from equity transactions (1.9 ) — — (1.9 ) Excess tax benefit on share-based awards 0.5 — — 0.5 Long-term intercompany advances and loans 66.4 (53.9 ) (12.5 ) — Net cash provided by (used in) financing activities 109.6 (56.1 ) (10.8 ) 42.7 Net change in unrestricted cash and cash equivalents (13.0 ) (3.5 ) (14.1 ) (30.6 ) Unrestricted cash and cash equivalents at the beginning of the period 17.5 5.1 35.8 58.4 Unrestricted cash and cash equivalents at the end of the period $ 4.5 $ 1.6 $ 21.7 $ 27.8 Condensed Consolidating Cash Flow Statement For the nine months ended September 27, 2014 Guarantor Non-Guarantor Nortek Nortek Subsidiaries Subsidiaries Consolidated (Dollar amounts in millions) Cash Flows from operating activities: Net cash (used in) provided by operating activities $ (127.3 ) $ 135.7 $ 9.2 $ 17.6 Cash Flows from investing activities: Capital expenditures (7.0 ) (16.7 ) (4.0 ) (27.7 ) Net cash paid for businesses acquired (184.5 ) — (70.4 ) (254.9 ) Intercompany dividends — 15.5 (15.5 ) — Intercompany contributions (0.4 ) — 0.4 — Proceeds from the sale of property and equipment — 1.1 0.5 1.6 Change in restricted cash and marketable securities 0.1 0.1 0.1 0.3 Other, net — (1.1 ) (0.3 ) (1.4 ) Net cash used in investing activities (191.8 ) (1.1 ) (89.2 ) (282.1 ) Cash Flows from financing activities: Proceeds from ABL and other borrowings 140.0 — 2.4 142.4 Payment of ABL and other borrowings (140.3 ) (2.1 ) (2.4 ) (144.8 ) Net proceeds from borrowings under the senior secured term loan facility due 2020 349.1 — — 349.1 Redemption of the senior secured term loan facility due 2017 (93.0 ) — — (93.0 ) Fees paid in connection with debt facilities (6.3 ) — — (6.3 ) Net use from equity transactions (4.0 ) — — (4.0 ) Excess tax benefit on share-based awards 6.4 — — 6.4 Long-term intercompany advances and loans 65.3 (134.4 ) 69.1 — Net cash provided by (used in) financing activities 317.2 (136.5 ) 69.1 249.8 Net change in unrestricted cash and cash equivalents (1.9 ) (1.9 ) (10.9 ) (14.7 ) Unrestricted cash and cash equivalents at the beginning of the period 23.2 20.0 37.7 80.9 Unrestricted cash and cash equivalents at the end of the period $ 21.3 $ 18.1 $ 26.8 $ 66.2

Basis of Presentation (Details)

Basis of Presentation (Details) - reporting_segment	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments			5
Duration of fiscal interim period (in days)	91 days	91 days	269 days	270 days

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquisitions Narrative (Details) - USD ($) $ in Millions		Jun. 30, 2015	Jan. 21, 2015	Oct. 08, 2014	Apr. 30, 2014	Sep. 26, 2015	Dec. 31, 2014	Sep. 27, 2014	Jun. 28, 2014	Sep. 26, 2015	Sep. 27, 2014
Business Acquisition [Line Items]
Net sales						$ 618.5		$ 642.9		$ 1,895.1	$ 1,909.3
Operating earnings (loss)						14.9		33.4		57.3	13.8
Goodwill	[1]					504.3	$ 474.3			504.3
Cost of products sold						442.5		452.9		1,354.2	1,355.4
Reznor
Business Acquisition [Line Items]
Business acquisition, cash paid					$ 260
Other payments to acquire businesses					2.6
Working capital and other post-closing adjustments							$ 0.7		$ 1.9
Goodwill expected to be tax deductible					76.1
Intangible assets acquired					125
Acquisition related costs											6.1
Net sales						35.5		38		109	61.8
Operating earnings (loss)						1		1.8		3.4	0.4
Depreciation and amortization						4.4		3.5		12.2	5.8
Cash and equivalents acquired					7
Fair value adjustment of inventory					1.8
Goodwill					$ 103.8
Cost of products sold								$ 0.3			$ 1.8
Phoenix Wholesale, Inc.
Business Acquisition [Line Items]
Business acquisition, cash paid				$ 13.9
Net sales						5.6				15.3
Operating earnings (loss)						(1)				(3.5)
Depreciation and amortization						0.3				0.8
Holdback amount				1.6
Consideration transferred to escrow				$ 1
Anthro
Business Acquisition [Line Items]
Business acquisition, cash paid			$ 50.8
Other payments to acquire businesses			0.2
Working capital and other post-closing adjustments						0.7
Intangible assets acquired			19.6
Net sales						12.5				29.2
Operating earnings (loss)						1.2				1.1
Depreciation and amortization						1.3				3.5
Consideration transferred to escrow			5
Total consideration			51			50.3
Fair value of tangible net assets acquired			5.2
Cash and equivalents acquired			0.6
Fair value adjustment of inventory			0.5
Goodwill			$ 25.5
Cost of products sold										0.5
Numera, Inc.
Business Acquisition [Line Items]
Business acquisition, cash paid		$ 12
Intangible assets acquired		11
Operating earnings (loss)						(1.1)				(1.1)
Depreciation and amortization						0.6				0.6
Consideration transferred to escrow		1.5
Total consideration		15.7
Goodwill		4.4
Additional payment contingent upon billing thresholds		28
Contingent consideration sales threshold		12.1
Contingent Consideration		3.7
Tangible net assets acquired		$ 0.3
Hardware revenue recognition period (in years)		3 years
Activations revenue recognition period (in years)		2 years
Deferred revenue						1.6				1.6
Capitalized direct and incremental costs						$ 1.2				$ 1.2
[1]	The CAS and combined AVC reporting units did not have goodwill for any periods presented.

Acquisitions and Dispositions34

Acquisitions and Dispositions - Assets and Liabilities Acquired (Details) - USD ($) $ in Millions		Jun. 30, 2015	Jan. 21, 2015	Apr. 30, 2014	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 31, 2014
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill	[1]				$ 504.3		$ 504.3		$ 474.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Amortization of intangible assets					$ 17.1	$ 14.9	$ 49	$ 43.7
Reznor
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Current assets	[2]			$ 46.9
Property and equipment				17
Goodwill				103.8
Intangible assets				125
Current liabilities	[3]			(18.8)
Deferred income taxes				(9.7)
Other long-term liabilities				(1.6)
Estimated purchase price				262.6
Cash and equivalents acquired				7
Accounts receivable acquired				17.5
Inventory acquired				20.5
Prepaid and other current assets acquired				1
Current deferred taxes acquired				0.9
Fair value adjustment of inventory				1.8
Accounts payable acquired				12.3
Accrued expenses and taxes acquired				$ 6.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life				12 years 10 months 24 days
Reznor | Customer Relationships
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets				$ 64.8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life				11 years 1 month 6 days
Reznor | Completed Technology
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets				$ 20.4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life				5 years
Reznor | Trademarks
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets				$ 39.7
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life				20 years
Reznor | Other
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets				$ 0.1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life				3 years 9 months 18 days
Anthro
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill			$ 25.5
Intangible assets			19.6
Cash and equivalents acquired			0.6
Fair value adjustment of inventory			$ 0.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life			4 years 3 months 18 days
Anthro | Developed Technology
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			$ 13.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life			4 years
Anthro | Customer Relationships
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			$ 2.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life			4 years 6 months
Anthro | Trade names
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			$ 3.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life			5 years
Anthro | Favorable lease agreements
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			$ 0.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life			3 years
Numera, Inc.
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill		$ 4.4
Intangible assets		$ 11
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life		5 years 1 month 6 days
Numera, Inc. | Developed Technology
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets		$ 5.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life		4 years 9 months 18 days
Numera, Inc. | Customer Relationships
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets		$ 4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life		5 years 9 months 18 days
Numera, Inc. | Trade names
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets		$ 1.1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life		5 years 6 months
Numera, Inc. | Non-compete arrangements
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets		$ 0.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Weighted Average Useful Life		3 years 3 months 18 days
[1]	The CAS and combined AVC reporting units did not have goodwill for any periods presented.
[2]	Includes cash of approximately $7.0 million, accounts receivable of approximately $17.5 million, inventories of approximately $20.5 million, prepaid and other current assets of approximately $1.0 million, and current deferred taxes of approximately $0.9 million. Inventories include a fair value adjustment to the historical carrying value of approximately $1.8 million.
[3]	Includes accounts payable of approximately $12.3 million and accrued expenses and taxes of approximately $6.5 million.

Acquisitions and Dispositions35

Acquisitions and Dispositions - Pro Forma (Details) - Reznor $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 27, 2014USD ($)$ / shares
Business Acquisition [Line Items]
Net sales	$ 1,961.4
Operating earnings	23.9
Net loss	$ (44.3)
Basic loss per share (in dollars per share) | $ / shares	$ (2.84)
Diluted loss per share (in dollars per share) | $ / shares	$ (2.84)
Depreciation & amortization expense	$ 82.7

Acquisitions and Dispositions36

Acquisitions and Dispositions - Dispositions Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 26, 2015	Sep. 26, 2015
TV One
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on sale	$ 2.9	$ 2.9

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets - Long-lived asset impairment disclosure (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Sep. 26, 2015	Jun. 27, 2015	Sep. 27, 2014	Jun. 28, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Impairment of long-lived assets and goodwill	$ 0		$ 0		$ 1.2	$ 80.4
Goodwill impairment loss					0
Percentage of fair value in excess of carrying amount							100.00%
Amortization of intangible assets	$ 17.1		$ 14.9		49	$ 43.7
AVC
Finite-Lived Intangible Assets [Line Items]
Impairment of long-lived assets and goodwill				$ 80.4
Impairment of intangible assets				74.7
Goodwill impairment loss				4.4	0
Impairment of property and equipment				$ 1.3
Impairment of property and equipment to be disposed of		$ 1.2
RCH
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss					$ 0
Reduction in useful lives of intangible assets due to impairment (percent)	20.00%
Estimated cash flows in excess of carrying value of long-lived assets (percent)	100.00%
Change in Service Life | RCH
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 0.3
Change in annual amortization expense	$ 3.1
Minimum | RCH
Finite-Lived Intangible Assets [Line Items]
Percentage of fair value in excess of carrying amount	20.00%				20.00%
Maximum | RCH
Finite-Lived Intangible Assets [Line Items]
Percentage of fair value in excess of carrying amount	30.00%				30.00%

Goodwill and Other Intangible38

Goodwill and Other Intangible Assets - Rollforward (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
		Jun. 28, 2014	Sep. 26, 2015
Goodwill [Roll Forward]
Gross goodwill, beginning balance	[1]		$ 478.7
Impairment losses	[1]		(4.4)
Net goodwill	[1]		474.3
Goodwill purchase adjustment	[2]		30
Goodwill impairment loss			0
Total Goodwill Adjustments	[2]		30
Gross goodwill, ending balance	[1]		508.7
Impairment losses	[1]		(4.4)
Net goodwill	[1]		504.3
AQH
Goodwill [Roll Forward]
Gross goodwill, beginning balance	[1]		156.8
Impairment losses	[1]		0
Net goodwill	[1]		156.8
Goodwill purchase adjustment	[2]		0
Goodwill impairment loss			0
Total Goodwill Adjustments	[2]		0
Gross goodwill, ending balance	[1]		156.8
Impairment losses	[1]		0
Net goodwill	[1]		156.8
SCS
Goodwill [Roll Forward]
Gross goodwill, beginning balance	[1]		80.9
Impairment losses	[1]		0
Net goodwill	[1]		80.9
Goodwill purchase adjustment	[2]		4.4
Goodwill impairment loss			0
Total Goodwill Adjustments	[2]		4.4
Gross goodwill, ending balance	[1]		85.3
Impairment losses	[1]		0
Net goodwill	[1]		85.3
ERG
Goodwill [Roll Forward]
Gross goodwill, beginning balance	[1]		131.4
Impairment losses	[1]		0
Net goodwill	[1]		131.4
Goodwill purchase adjustment	[2]		25.5
Goodwill impairment loss			0
Total Goodwill Adjustments	[2]		25.5
Gross goodwill, ending balance	[1]		156.9
Impairment losses	[1]		0
Net goodwill	[1]		156.9
RCH
Goodwill [Roll Forward]
Gross goodwill, beginning balance	[1]		105.2
Impairment losses	[1]		0
Net goodwill	[1]		105.2
Goodwill purchase adjustment	[2]		0.1
Goodwill impairment loss			0
Total Goodwill Adjustments	[2]		0.1
Gross goodwill, ending balance	[1]		105.3
Impairment losses	[1]		0
Net goodwill	[1]		105.3
AVC
Goodwill [Roll Forward]
Gross goodwill, beginning balance	[1]		4.4
Impairment losses	[1]		(4.4)
Net goodwill	[1]		0
Goodwill purchase adjustment	[2]		0
Goodwill impairment loss		$ 4.4	0
Total Goodwill Adjustments	[2]		0
Gross goodwill, ending balance	[1]		4.4
Impairment losses	[1]		(4.4)
Net goodwill	[1]		$ 0
[1]	The CAS and combined AVC reporting units did not have goodwill for any periods presented.
[2]	Acquisition adjustments recorded during the nine months of 2015 for the SCS, ERG and RCH segments relate to the acquisition of Numera, Anthro and Reznor, respectively. See Note B, “Acquisitions and Dispositions”.

Cash Flows (Details)

Cash Flows (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 57.2	$ 52.8
Income taxes paid	$ 10.4	$ 11.2

Notes, Mortgage Notes and Obl40

Notes, Mortgage Notes and Obligations Payable (Details) - USD ($)	May. 04, 2015	Apr. 02, 2015	Apr. 30, 2014	Sep. 26, 2015	Jun. 27, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 31, 2014	Oct. 29, 2015	Jun. 03, 2015
Debt Instrument [Line Items]
Deferred debt expense				$ 14,200,000			$ 14,200,000		$ 17,300,000
Loss from debt retirement				$ 0		$ (500,000)	(14,800,000)	$ (2,300,000)
Capacity to make payments, including dividends							$ 109,800,000
Senior Notes | Senior 10% Notes due 2018
Debt Instrument [Line Items]
Interest rate (percent)		10.00%
Redemption price, percentage	105.00%
Senior Notes | 8.5% Notes
Debt Instrument [Line Items]
Interest rate (percent)				8.50%			8.50%
Senior Secured Term Loan
Debt Instrument [Line Items]
Face amount of secured term loan			$ 350,000,000
Senior Secured Term Loan | Incremental Loan
Debt Instrument [Line Items]
Outstanding borrowings		$ 265,000,000
Periodic payment (percent of outstanding balance)		0.25%
Expected balloon payment to be made		$ 251,100,000
Effective interest rate (percent)				3.50%			3.50%
Loans Payable | Senior 10% Notes due 2018
Debt Instrument [Line Items]
Loss from debt retirement					$ (14,800,000)
Loans Payable | Senior Secured Term Loan Due 2020
Debt Instrument [Line Items]
Debt issuance cost			6,300,000				$ 2,700,000
Deferred debt expense			4,600,000	$ 2,500,000			2,500,000
Loans Payable | Senior Secured Term Loan Due 2017
Debt Instrument [Line Items]
Outstanding borrowings			$ 93,000,000
Loss from debt retirement						$ (500,000)			$ (2,300,000)
Revolving Credit Facility | Amended ABL Facility
Debt Instrument [Line Items]
Covenant terms requirement to deposit cash, Minimum											$ 30,000,000
Covenant terms requirement to deposit cash, Percent of credit facilities, Minimum											10.00%
Covenant terms requirement to deposit cash, Percent of borrowing base, Minimum											12.50%
Revolving Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Outstanding borrowings				11,900,000			11,900,000
Secured debt outstanding				50,000,000			50,000,000
Remaining borrowing capacity				238,100,000			238,100,000
Excess availability before triggering cash deposit requirements				$ 208,100,000			$ 208,100,000
Revolving Credit Facility | Letter of Credit | Subsequent Event
Debt Instrument [Line Items]
Outstanding borrowings										$ 11,900,000
Secured debt outstanding										97,000,000
Remaining borrowing capacity										191,100,000
Excess availability before triggering cash deposit requirements										$ 161,100,000

Exit and Disposal Activities -

Exit and Disposal Activities - Manufacturing Rationalization and Relocation (Details) - Manufacturing Rationalization and Relocation $ in Millions	Sep. 26, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	$ 17.8
Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	18	[1]
Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	20	[1]
Employee Related Costs | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	9	[1]
Employee Related Costs | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	10	[1]
Other costs, including machinery and equipment relocation and installation | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	9	[1]
Other costs, including machinery and equipment relocation and installation | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	10	[1]
RCH
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	16.2
RCH | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	16.4
RCH | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	18.4
CAS
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	1.6
CAS | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	1.6
CAS | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	$ 1.6
[1]	The range of total estimated exit and disposal activities by segment are as follows: RCH Expected range of $16.4 million to $18.4 million, CAS Expected range of $1.6 million to $1.6 million for a total expected range of $18.0 million to $20.0 million

Exit and Disposal Activities 42

Exit and Disposal Activities - Warehousing & Distribution (Details) - Warehousing and Distribution Consolidation $ in Millions	9 Months Ended
	Sep. 26, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Outsourcing agreement, period	5 years
Employee Related and Other Costs
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	$ 2.7
Employee Related and Other Costs | SCS
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	1.7
Employee Related and Other Costs | ERG
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	0.6
Employee Related and Other Costs | AVC
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	$ 0.4

Exit and Disposal Activities 43

Exit and Disposal Activities - Subsidiary Combinations (Details) - Subsidiary Combinations $ in Millions	3 Months Ended	9 Months Ended
	Sep. 26, 2015USD ($)	Sep. 26, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 1	[1],[2]
Cost incurred to date	$ 25.2	25.2
Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	26.2	26.2
Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	27.2	27.2
Inventory Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6.5
Cost incurred to date	10	10
Severance and Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.8
One-time Termination Benefits
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	5.4	5.4
Facility Exit and Other Costs
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	9.8	9.8
SCS
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	0.9	0.9
SCS | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	0.9	0.9
SCS | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	0.9	0.9
RCH
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	1.3	1.3
RCH | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	1.3	1.3
RCH | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	1.3	1.3
AVC
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	23	23
AVC | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	24	24
AVC | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	$ 25	$ 25
[1]	All costs during the nine months of 2015 were recorded in the AVC segments.
[2]	Excludes approximately $6.5 million of inventory charges, including expected purchase order cancellations, recorded during the third quarter of 2015 as noted previously.

Exit and Disposal Activities 44

Exit and Disposal Activities - Best Restructuring (Details) - Best Restructuring $ in Millions	3 Months Ended	9 Months Ended
	Sep. 26, 2015USD ($)	Sep. 26, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 2.9
Expected cost	$ 21	21
Cost incurred to date	20.5	20.5
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges		2.9
Special Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.5
Cost incurred to date	20.1	20.1
Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0
Cost incurred to date	$ 0.4	$ 0.4

Exit and Disposal Activities 45

Exit and Disposal Activities - CAS Segment Consolidation (Details) - CAS Segment Consolidation - USD ($) $ in Millions		3 Months Ended	9 Months Ended
		Sep. 26, 2015	Sep. 26, 2015	May. 04, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[1]		$ 3.7
Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost		$ 12	12	$ 10
Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost		17	17	$ 15
Employee Separation, Facility Abandonment, and Inventory Write-offs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 2.8	$ 7.6
[1]	Excludes approximately $3.9 million of inventory charges recorded during the nine months of 2015.

Exit and Disposal Activities 46

Exit and Disposal Activities - Other Restructuring Activities (Details) - Other Restructuring Activities $ in Millions	9 Months Ended
	Sep. 26, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2.6	[1],[2]
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1.8	[1],[2]
Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.8	[1],[2]
RCH
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.8	[1]
RCH | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1.8
RCH | Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1
RCH | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	5
RCH | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	6
AVC
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.9	[1]
AVC | Inventory Write-offs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0.9	[1]
[1]	Approximately $2.8 million and $0.9 million of costs were recorded in the RCH and AVC segments, respectively, during the nine months of 2015.
[2]	Excludes approximately $1.1 million of inventory charges recorded during the nine months of 2015.

Exit and Disposal Activities 47

Exit and Disposal Activities - Changes in Restructuring Reserve (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
		Sep. 26, 2015	Sep. 26, 2015
Manufacturing Rationalization and Relocation
Restructuring Reserve [Roll Forward]
Beginning Balance			$ 5.2
Provision	[1]		2.5
Payments			(7.4)
Ending Balance		$ 0.3	0.3
Restructuring charges excluded from provision	[1]		2.5
Manufacturing Rationalization and Relocation | RCH
Restructuring Reserve [Roll Forward]
Provision	[1]		2.1
Restructuring charges excluded from provision	[1]		2.1
Manufacturing Rationalization and Relocation | CAS
Restructuring Reserve [Roll Forward]
Provision	[1]		0.4
Restructuring charges excluded from provision	[1]		0.4
Manufacturing Rationalization and Relocation | Severance
Restructuring Reserve [Roll Forward]
Beginning Balance			5.2
Provision	[1]		(0.1)
Payments			(4.8)
Ending Balance		0.3	0.3
Restructuring charges excluded from provision	[1]		(0.1)
Manufacturing Rationalization and Relocation | Other Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision	[1]		2.6
Payments			(2.6)
Ending Balance		0	0
Restructuring charges excluded from provision	[1]		2.6
Warehousing and Distribution Consolidation
Restructuring Reserve [Roll Forward]
Beginning Balance			0.5
Provision	[2]		(0.3)
Payments			(0.2)
Ending Balance		0	0
Restructuring charges excluded from provision	[2]		(0.3)
Warehousing and Distribution Consolidation | Severance
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision	[2]		0
Payments			0
Ending Balance		0	0
Restructuring charges excluded from provision	[2]		0
Warehousing and Distribution Consolidation | Other Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			0.5
Provision	[2]		(0.3)
Payments			(0.2)
Ending Balance		0	0
Restructuring charges excluded from provision	[2]		(0.3)
Subsidiary Combinations
Restructuring Reserve [Roll Forward]
Beginning Balance			1.7
Provision	[3],[4]		1
Payments			(1.5)
Other			(0.2)
Ending Balance		1	1
Restructuring charges excluded from provision	[3],[4]		1
Subsidiary Combinations | Severance
Restructuring Reserve [Roll Forward]
Beginning Balance			0.7
Provision	[3],[4]		0.4
Payments			(0.6)
Other			0
Ending Balance		0.5	0.5
Restructuring charges excluded from provision	[3],[4]		0.4
Subsidiary Combinations | Other Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			1
Provision	[3],[4]		0.6
Payments			(0.9)
Other			(0.2)
Ending Balance		0.5	0.5
Restructuring charges excluded from provision	[3],[4]		0.6
Subsidiary Combinations | Inventory Charges
Restructuring Reserve [Roll Forward]
Provision		6.5
Restructuring charges excluded from provision		6.5
Best Restructuring
Restructuring Reserve [Roll Forward]
Beginning Balance			0.4
Provision			2.9
Payments			(0.7)
Ending Balance		2.6	2.6
Restructuring charges excluded from provision			2.9
Best Restructuring | Severance
Restructuring Reserve [Roll Forward]
Beginning Balance			0.4
Provision			2.9
Payments			(0.7)
Ending Balance		2.6	2.6
Restructuring charges excluded from provision			2.9
Best Restructuring | Other Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision			0
Payments			0
Ending Balance		0	0
Restructuring charges excluded from provision			0
CAS Segment Consolidation
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision	[5]		3.7
Payments			(2.2)
Other			0.1
Ending Balance		1.6	1.6
Restructuring charges excluded from provision	[5]		3.7
CAS Segment Consolidation | Severance
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision	[5]		2.7
Payments			(1.2)
Other			(0.1)
Ending Balance		1.4	1.4
Restructuring charges excluded from provision	[5]		2.7
CAS Segment Consolidation | Other Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision	[5]		1
Payments			(1)
Other			0.2
Ending Balance		0.2	0.2
Restructuring charges excluded from provision	[5]		1
CAS Segment Consolidation | Inventory Charges
Restructuring Reserve [Roll Forward]
Provision			3.9
Restructuring charges excluded from provision			3.9
Other Restructuring Activities
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision	[6],[7]		2.6
Payments			(1.8)
Ending Balance		0.8	0.8
Restructuring charges excluded from provision	[6],[7]		2.6
Other Restructuring Activities | RCH
Restructuring Reserve [Roll Forward]
Provision	[6]		2.8
Restructuring charges excluded from provision	[6]		2.8
Other Restructuring Activities | AVC
Restructuring Reserve [Roll Forward]
Provision	[6]		0.9
Restructuring charges excluded from provision	[6]		0.9
Other Restructuring Activities | Severance
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision	[6],[7]		1.8
Payments			(1.3)
Ending Balance		0.5	0.5
Restructuring charges excluded from provision	[6],[7]		1.8
Other Restructuring Activities | Severance | RCH
Restructuring Reserve [Roll Forward]
Provision			1.8
Restructuring charges excluded from provision			1.8
Other Restructuring Activities | Other Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			0
Provision	[6],[7]		0.8
Payments			(0.5)
Ending Balance		$ 0.3	0.3
Restructuring charges excluded from provision	[6],[7]		0.8
Other Restructuring Activities | Other Costs | RCH
Restructuring Reserve [Roll Forward]
Provision			1
Restructuring charges excluded from provision			1
Other Restructuring Activities | Inventory Charges
Restructuring Reserve [Roll Forward]
Provision			1.1
Restructuring charges excluded from provision			$ 1.1
[1]	Approximately $2.1 million and $0.4 million of costs were recorded in the RCH and CAS segments, respectively, during the nine months of 2015.
[2]	All activity during the nine months of 2015 was recorded in the SCS segment.
[3]	All costs during the nine months of 2015 were recorded in the AVC segments.
[4]	Excludes approximately $6.5 million of inventory charges, including expected purchase order cancellations, recorded during the third quarter of 2015 as noted previously.
[5]	Excludes approximately $3.9 million of inventory charges recorded during the nine months of 2015.
[6]	Approximately $2.8 million and $0.9 million of costs were recorded in the RCH and AVC segments, respectively, during the nine months of 2015.
[7]	Excludes approximately $1.1 million of inventory charges recorded during the nine months of 2015.

Exit and Disposal Activities 48

Exit and Disposal Activities - Summary of Exit and Disposal Activities (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Manufacturing Rationalization and Relocation
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[1]			$ 2.5
Warehousing and Distribution Consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[2]			(0.3)
Subsidiary Combinations
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[3],[4]			1
CAS Segment Consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[5]			3.7
Best Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges				2.9
Exit and Disposal Activities
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 12.9	$ 3.5	23.9	$ 7.9
Exit and Disposal Activities | Manufacturing Rationalization and Relocation
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.1	1.1	2.5	3.8
Exit and Disposal Activities | Warehousing and Distribution Consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring charges				(0.3)	0.9
Exit and Disposal Activities | Subsidiary Combinations
Restructuring Cost and Reserve [Line Items]
Restructuring charges		7.3	2.4	7.5	3.2
Exit and Disposal Activities | CAS Segment Consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring charges		2.8	0	7.6	0
Exit and Disposal Activities | Best Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges		2.5	0	2.9	0
Exit and Disposal Activities | Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.2	0	3.7	0
Exit and Disposal Activities | SG&A
Restructuring Cost and Reserve [Line Items]
Restructuring charges		1.7	2.1	2.9	2.9
Exit and Disposal Activities | SG&A | Manufacturing Rationalization and Relocation
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0	0	0.1	0
Exit and Disposal Activities | SG&A | Warehousing and Distribution Consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring charges				0	0.3
Exit and Disposal Activities | SG&A | Subsidiary Combinations
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.8	2.1	1	2.6
Exit and Disposal Activities | SG&A | CAS Segment Consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.2	0	0.7	0
Exit and Disposal Activities | SG&A | Best Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.6	0	0.6	0
Exit and Disposal Activities | SG&A | Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.1	0	0.5	0
Exit and Disposal Activities | COGS
Restructuring Cost and Reserve [Line Items]
Restructuring charges		11.2	1.4	21	5
Exit and Disposal Activities | COGS | Manufacturing Rationalization and Relocation
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.1	1.1	2.4	3.8
Exit and Disposal Activities | COGS | Warehousing and Distribution Consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring charges				(0.3)	0.6
Exit and Disposal Activities | COGS | Subsidiary Combinations
Restructuring Cost and Reserve [Line Items]
Restructuring charges		6.5	0.3	6.5	0.6
Exit and Disposal Activities | COGS | CAS Segment Consolidation
Restructuring Cost and Reserve [Line Items]
Restructuring charges		2.6	0	6.9	0
Exit and Disposal Activities | COGS | Best Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges		1.9	0	2.3	0
Exit and Disposal Activities | COGS | Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 0.1	$ 0	$ 3.2	$ 0
[1]	Approximately $2.1 million and $0.4 million of costs were recorded in the RCH and CAS segments, respectively, during the nine months of 2015.
[2]	All activity during the nine months of 2015 was recorded in the SCS segment.
[3]	All costs during the nine months of 2015 were recorded in the AVC segments.
[4]	Excludes approximately $6.5 million of inventory charges, including expected purchase order cancellations, recorded during the third quarter of 2015 as noted previously.
[5]	Excludes approximately $3.9 million of inventory charges recorded during the nine months of 2015.

Commitments and Contingencies -

Commitments and Contingencies - Indemnifications (Details) - Indemnification Agreement - USD ($) $ in Millions	Sep. 26, 2015	Dec. 31, 2014
Commitments and Contingencies [Line Items]
Accrued expenses	$ 2.5	$ 2.5
Other long-term liabilities	1.6	2.4
Recorded liabilities in relation to indemnifications	4.1	4.9
Undiscounted future payments	$ 4	$ 5.1

Commitments and Contingencies50

Commitments and Contingencies - Product Warranty and Recall Reserves (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, beginning of period	$ 53.2	$ 57.7	$ 54.8	$ 56.8
Warranties provided during period	5.4	4.6	17	19.9
Settlements made during period	(6.4)	(6.9)	(19.2)	(22.5)
Other changes in liability estimate, including expirations and acquisitions	(0.5)	(0.3)	(0.9)	0.9
Balance, end of period	$ 51.7	$ 55.1	$ 51.7	$ 55.1

Commitments and Contingencies51

Commitments and Contingencies - Assumption of Distribution Centers (Details) - Forecast $ in Millions	Dec. 31, 2015USD ($)employee
Operating Leased Assets [Line Items]
Number of Employees to be Hired | employee	200
Future Minimum Rent Obligations
2,016	$ 4.3
2,017	5.9
2,018	3.3
Machinery and equipment | Minimum
Operating Leased Assets [Line Items]
Machinery and equipment to be acquired	$ 5
Remaining term of operating leases to be assumed (in years)	1 year
Optional renewal terms of operating leases to be assumed (in years)	3 years
Machinery and equipment | Maximum
Operating Leased Assets [Line Items]
Machinery and equipment to be acquired	$ 7
Remaining term of operating leases to be assumed (in years)	3 years
Optional renewal terms of operating leases to be assumed (in years)	15 years

Commitments and Contingencies52

Commitments and Contingencies - Other Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 26, 2015	Sep. 26, 2015
Commitments and Contingencies Disclosure [Abstract]
Professional Fees	$ 0.4	$ 1.8

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 31, 2014
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Provision (benefit) for income taxes	$ 5.3	$ 1	$ (3)	$ (16.3)
Effective tax rate (percentage)			8.90%	24.50%
Income tax at the federal statutory rate (percentage)			35.00%	35.00%
Increase in additional paid in capital due to income tax benefit from share based compensation			$ 0.5
Unrecognized tax benefits related to deductions for share-based compensation			4.8
Noncurrent liability for uncertain tax positions	19.5		19.5		$ 18.3
Unrecognized tax benefits	25.4		25.4		24.2
Unrecognized tax benefits that would impact effective tax rate	12.2		12.2		11.3
Interest on income taxes accrued	4.6		4.6		$ 4.1
Statute of Limitations Expected to Expire | State and Local Jurisdiction
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Amount of unrecorded benefit	$ 0.9		$ 0.9

Segment Information and Conce54

Segment Information and Concentration of Risk - Segment Operating Results (Details) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 26, 2015	Sep. 27, 2014	Jun. 28, 2014	Sep. 26, 2015	Sep. 27, 2014
Segment Reporting Information [Line Items]
Net sales		$ 618.5	$ 642.9		$ 1,895.1	$ 1,909.3
Operating earnings (loss)		14.9	33.4		57.3	13.8
Impairment of long-lived assets and goodwill		0	0		(1.2)	(80.4)
Net interest expense		(24)	(27.3)		(76.1)	(78)
Loss from debt retirement		0	(0.5)		(14.8)	(2.3)
(Loss) earnings before provision (benefit) for income taxes		(9.1)	5.6		(33.6)	(66.5)
TV One
Segment Reporting Information [Line Items]
Loss on sale		2.9			2.9
AVC
Segment Reporting Information [Line Items]
Impairment of long-lived assets and goodwill				$ (80.4)
Operating Segments
Segment Reporting Information [Line Items]
Operating earnings (loss)		27.5	49		96.5	143.7
Operating Segments | AQH
Segment Reporting Information [Line Items]
Net sales		147.3	146.5		437.4	438.8
Operating earnings (loss)		14.1	18.5		46.9	45.4
Operating Segments | SCS
Segment Reporting Information [Line Items]
Net sales		94.1	104.2		335.7	351
Operating earnings (loss)		7.1	12.8		30.2	35.9
Operating Segments | ERG
Segment Reporting Information [Line Items]
Net sales		96	83.9		252.6	214.8
Operating earnings (loss)		19.1	15.2		42.5	34.3
Operating Segments | RCH
Segment Reporting Information [Line Items]
Net sales		147.2	164		450.4	445.2
Operating earnings (loss)		(4.2)	7.8		(12)	19.5
Operating Segments | CAS
Segment Reporting Information [Line Items]
Net sales		103.8	96.7		320.4	339
Operating earnings (loss)		4.6	1		8.6	27.7
Operating Segments | AVC
Segment Reporting Information [Line Items]
Net sales		30.1	47.6		98.6	120.5
Operating earnings (loss)	[1]	(13.2)	(6.3)		(19.7)	(19.1)
Unallocated Amount to Segment
Segment Reporting Information [Line Items]
Operating earnings (loss)		(12.6)	(15.6)		(38)	(49.5)
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales		$ 3.6	$ 3.7		$ 9.7	$ 11.9
[1]	For the third quarter and nine months of 2015, includes the loss on sale of assets of TV One of approximately $2.9 million.

Segment Information and Conce55

Segment Information and Concentration of Risk - Segment Assets (Details) - USD ($) $ in Millions	Sep. 26, 2015	Dec. 31, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 2,226.7	$ 2,209.1
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	2,116	2,082.4
Operating Segments | AQH
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	585.8	585.7
Operating Segments | SCS
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	370.1	339.6
Operating Segments | ERG
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	421.6	365
Operating Segments | RCH
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	533.1	549.6
Operating Segments | CAS
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	155.3	179.3
Operating Segments | AVC
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	50.1	63.2
Segment Reconciling Items
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents, including current restricted cash	28	59
Deferred tax assets	43.7	28.1
Other assets, including long-term restricted investments	$ 39	$ 39.6

Equity Activity - Share Based C

Equity Activity - Share Based Compensation (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 26, 2015USD ($)shares	Sep. 26, 2015USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense | $	$ 12.6	$ 12.6
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period		67,937
Shares forfeited in period		(64,042)
Shares vested in period		61,829
Previously recognized share based compensation reversed in period | $	$ 1.7
Nonvested shares outstanding	183,570	183,570
Restricted Stock | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares paid for tax withholding		17,437
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercised in period		49,204
Employee Stock Option | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares paid for tax withholding		26,056

Equity Activity - Comprehensive

Equity Activity - Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive loss		$ (3.7)	$ (3.8)	$ (7.1)	$ (4.5)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period		(12.6)		(8.8)
Other comprehensive (loss) income before reclassifications		(4)		(7.8)
Amounts reclassified from AOCI to SG&A	[1]	0		0
Other comprehensive loss		(4)		(7.8)
Balance, end of period		(16.6)		(16.6)
Pension Liability Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period		(26.5)		(26.9)
Other comprehensive (loss) income before reclassifications		(0.1)		(0.4)
Amounts reclassified from AOCI to SG&A	[1]	0.4		1.1
Other comprehensive loss		0.3		0.7
Balance, end of period		(26.2)		(26.2)
Total Accumulated Other Comprehensive (Loss) Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period		(39.1)		(35.7)
Other comprehensive (loss) income before reclassifications		(4.1)		(8.2)
Amounts reclassified from AOCI to SG&A	[1]	0.4		1.1
Other comprehensive loss		(3.7)		(7.1)
Balance, end of period		$ (42.8)		$ (42.8)
[1]	For additional information, see Note L, "Pension, Profit Sharing & Other Post-Retirement Benefits".

(Loss) Earnings per Share - Rec

(Loss) Earnings per Share - Reconciliations Between Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Earnings Per Share [Abstract]
Net (loss) earnings	$ (14.4)	$ 4.6	$ (30.6)	$ (50.2)
Weighted average common shares outstanding (in shares)	15,953,891	15,671,819	15,939,145	15,576,327
Dilutive effect of common share equivalents (in shares)	0	428,098	0	0
Dilutive shares outstanding (in shares)	15,953,891	16,099,917	15,939,145	15,576,327
Basic (loss) earnings per share (in dollars per share)	$ (0.90)	$ 0.29	$ (1.92)	$ (3.22)
Diluted (loss) earnings per share (in dollars per share)	$ (0.90)	$ 0.29	$ (1.92)	$ (3.22)

(Loss) Earnings per Share - Com

(Loss) Earnings per Share - Common Share Equivalents Excluded (Details) - shares		3 Months Ended		9 Months Ended
		Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		906,092	420,717	908,993	1,607,669
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	[1]	0	0	0	576,615
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		311,178	281,018	325,040	411,378
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		594,914	139,699	583,953	619,676
[1]	All warrants were either exercised or expired prior to December 31, 2014.

Pension, Profit Sharing & Oth60

Pension, Profit Sharing & Other Post-Retirement Benefits - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Pension, profit sharing and other post-retirement health benefit expense charged to operations	$ 2.6	$ 2.4	$ 8.5	$ 7.9
Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Estimated total employer contributions in current fiscal year			6
Contributions by employer in current year			$ 4.7
Estimated future employer contributions in fiscal year 2015					$ 7.9

Pension, Profit Sharing & Oth61

Pension, Profit Sharing & Other Post-Retirement Benefits - Periodic Benefit Cost (Details) - Pension Plans, Defined Benefit - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.2	$ 0.1	$ 0.7	$ 0.4
Interest cost	1.7	2	4.9	5.8
Expected return on plan assets	(1.9)	(2)	(5.5)	(5.8)
Net amortization of actuarial loss	0.4	0	1.1	0
Net periodic benefit cost	$ 0.4	$ 0.1	$ 1.2	$ 0.4

Derivatives and Fair Value - De

Derivatives and Fair Value - Derivatives (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 26, 2015USD ($)	Sep. 26, 2015USD ($)
Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset	$ 18	$ 18
Unrealized losses in period	0.1
Derivative contracts settled in period	15.9
Realized loss on settlement	$ 0.3
Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Sales generated outside of United States (percent)	15.40%	15.40%

Derivatives and Fair Value - Fa

Derivatives and Fair Value - Fair Value (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 26, 2015	Apr. 02, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value in excess of carrying value	$ 45.9		$ 68.6
Unamortized premium	3.7		4.8
Unamortized discount	$ 5.2		$ 1.9
Senior Notes | Senior 10% Notes due 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate (percent)		10.00%
Senior Notes | 8.5% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate (percent)	8.50%
Recurring Measurement Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted Investments	$ 1.2
Contingent Consideration	3.7
Recurring Measurement Basis | Quoted Market Prices for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted Investments	1.2
Contingent Consideration	0
Recurring Measurement Basis | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted Investments	0
Contingent Consideration	0
Recurring Measurement Basis | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted Investments	0
Contingent Consideration	3.7
Nonrecurring Measurement Basis | Significant Unobservable Inputs (Level 3) | RCH
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Building and land held for sale	2.7
SG&A charge recorded	$ 0.4

Guarantor Financial Statement64

Guarantor Financial Statements - Narrative (Details)	Sep. 26, 2015
Senior Notes | 8.5% Notes
Debt Instrument [Line Items]
Interest rate (percent)	8.50%

Guarantor Financial Statement65

Guarantor Financial Statements - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions		Sep. 26, 2015	Dec. 31, 2014	Sep. 27, 2014	Dec. 31, 2013
Current Assets:
Unrestricted cash and cash equivalents		$ 27.8	$ 58.4	$ 66.2	$ 80.9
Restricted cash		0.2	0.6
Accounts receivable, less allowances		347.6	324.9
Intercompany receivables		0	0
Inventories, net		385.6	374.3
Prepaid expenses		21.2	18.4
Other current assets		21.2	18.1
Deferred tax assets		43.7	28.1
Total current assets		847.3	822.8
Property and Equipment, at Cost:
Total property and equipment, net		222.2	238
Other Long-term Assets:
Investment in subsidiaries and long-term receivable from (to) subsidiaries		0	0
Goodwill	[1]	504.3	474.3
Intangible assets, less accumulated amortization		624.6	642.6
Deferred tax asset		0	0
Other assets		28.3	31.4
Total other long-term assets		1,157.2	1,148.3
Total Assets		2,226.7	2,209.1
Current Liabilities:
Short-term bank obligations		0.5	0.6
Current maturities of long-term debt		7.3	6.3
Accounts payable		271.7	288.8
Accrued expenses, taxes, and deferred revenue		240.1	222.4
Current deferred taxes		0	0
Intercompany payables		0	0
Total current liabilities		519.6	518.1
Other Liabilities:
Deferred income taxes		122.9	123.5
Other long-term liabilities		181.8	185.9
Long-term intercompany payables		0	0
Total other long-term liabilities		304.7	309.4
Notes, Mortgage Notes and Obligations Payable, Less Current Maturities		1,395.6	1,339.4
Stockholders' investment (deficit)		6.8	42.2
Total Liabilities and Stockholders' Investment		2,226.7	2,209.1
Eliminations
Current Assets:
Unrestricted cash and cash equivalents		0	0
Restricted cash		0	0
Accounts receivable, less allowances		0	0
Intercompany receivables		(98.2)	(84)
Inventories, net		(6.9)	(7.4)
Prepaid expenses		0	0
Other current assets		0	0
Deferred tax assets		(0.5)	(1.1)
Total current assets		(105.6)	(92.5)
Property and Equipment, at Cost:
Total property and equipment, net		0	0
Other Long-term Assets:
Investment in subsidiaries and long-term receivable from (to) subsidiaries		(1,803)	(1,792.1)
Goodwill		0	0
Intangible assets, less accumulated amortization		(9)	(9.6)
Deferred tax asset		(14.2)	(13.9)
Other assets		0	0
Total other long-term assets		(1,826.2)	(1,815.6)
Total Assets		(1,931.8)	(1,908.1)
Current Liabilities:
Short-term bank obligations		0	0
Current maturities of long-term debt		0	0
Accounts payable		0	0
Accrued expenses, taxes, and deferred revenue		0	0
Current deferred taxes		(0.5)	(1.1)
Intercompany payables		(98.2)	(84)
Total current liabilities		(98.7)	(85.1)
Other Liabilities:
Deferred income taxes		(16.9)	(16.7)
Other long-term liabilities		0	0
Long-term intercompany payables		(102.6)	(119.6)
Total other long-term liabilities		(119.5)	(136.3)
Notes, Mortgage Notes and Obligations Payable, Less Current Maturities		0	0
Stockholders' investment (deficit)		(1,713.6)	(1,686.7)
Total Liabilities and Stockholders' Investment		(1,931.8)	(1,908.1)
Nortek | Reportable Legal Entities
Current Assets:
Unrestricted cash and cash equivalents		4.5	17.5	21.3	23.2
Restricted cash		0.1	0.2
Accounts receivable, less allowances		0	0
Intercompany receivables		0.7	3.2
Inventories, net		0	0
Prepaid expenses		3	2.5
Other current assets		1.2	0
Deferred tax assets		17.1	4.1
Total current assets		26.6	27.5
Property and Equipment, at Cost:
Total property and equipment, net		11.4	11.9
Other Long-term Assets:
Investment in subsidiaries and long-term receivable from (to) subsidiaries		1,445.1	1,376.2
Goodwill		0	0
Intangible assets, less accumulated amortization		0	0
Deferred tax asset		14.2	13.9
Other assets		16.1	19.1
Total other long-term assets		1,475.4	1,409.2
Total Assets		1,513.4	1,448.6
Current Liabilities:
Short-term bank obligations		0	0
Current maturities of long-term debt		6.1	3.8
Accounts payable		4.7	2.4
Accrued expenses, taxes, and deferred revenue		53.6	32.7
Current deferred taxes		0	0
Intercompany payables		0	0
Total current liabilities		64.4	38.9
Other Liabilities:
Deferred income taxes		0	0
Other long-term liabilities		53.2	34.6
Long-term intercompany payables		0	0
Total other long-term liabilities		53.2	34.6
Notes, Mortgage Notes and Obligations Payable, Less Current Maturities		1,389	1,332.9
Stockholders' investment (deficit)		6.8	42.2
Total Liabilities and Stockholders' Investment		1,513.4	1,448.6
Guarantor Subsidiaries | Reportable Legal Entities
Current Assets:
Unrestricted cash and cash equivalents		1.6	5.1	18.1	20
Restricted cash		0.1	0.4
Accounts receivable, less allowances		286.3	257.3
Intercompany receivables		0	0
Inventories, net		309	303.5
Prepaid expenses		11.5	10.5
Other current assets		10.3	7.2
Deferred tax assets		27.1	25.1
Total current assets		645.9	609.1
Property and Equipment, at Cost:
Total property and equipment, net		156.9	163
Other Long-term Assets:
Investment in subsidiaries and long-term receivable from (to) subsidiaries		357.9	415.9
Goodwill		464.3	434.4
Intangible assets, less accumulated amortization		582.1	596.5
Deferred tax asset		0	0
Other assets		11.4	11.4
Total other long-term assets		1,415.7	1,458.2
Total Assets		2,218.5	2,230.3
Current Liabilities:
Short-term bank obligations		0	0
Current maturities of long-term debt		1.2	2.5
Accounts payable		134.7	157
Accrued expenses, taxes, and deferred revenue		143.7	145.7
Current deferred taxes		0	0
Intercompany payables		98.2	84
Total current liabilities		377.8	389.2
Other Liabilities:
Deferred income taxes		125.3	126.4
Other long-term liabilities		104.3	125.1
Long-term intercompany payables		0	0
Total other long-term liabilities		229.6	251.5
Notes, Mortgage Notes and Obligations Payable, Less Current Maturities		4.8	6.5
Stockholders' investment (deficit)		1,606.3	1,583.1
Total Liabilities and Stockholders' Investment		2,218.5	2,230.3
Non-Guarantor Subsidiaries | Reportable Legal Entities
Current Assets:
Unrestricted cash and cash equivalents		21.7	35.8	$ 26.8	$ 37.7
Restricted cash		0	0
Accounts receivable, less allowances		61.3	67.6
Intercompany receivables		97.5	80.8
Inventories, net		83.5	78.2
Prepaid expenses		6.7	5.4
Other current assets		9.7	10.9
Deferred tax assets		0	0
Total current assets		280.4	278.7
Property and Equipment, at Cost:
Total property and equipment, net		53.9	63.1
Other Long-term Assets:
Investment in subsidiaries and long-term receivable from (to) subsidiaries		0	0
Goodwill		40	39.9
Intangible assets, less accumulated amortization		51.5	55.7
Deferred tax asset		0	0
Other assets		0.8	0.9
Total other long-term assets		92.3	96.5
Total Assets		426.6	438.3
Current Liabilities:
Short-term bank obligations		0.5	0.6
Current maturities of long-term debt		0	0
Accounts payable		132.3	129.4
Accrued expenses, taxes, and deferred revenue		42.8	44
Current deferred taxes		0.5	1.1
Intercompany payables		0	0
Total current liabilities		176.1	175.1
Other Liabilities:
Deferred income taxes		14.5	13.8
Other long-term liabilities		24.3	26.2
Long-term intercompany payables		102.6	119.6
Total other long-term liabilities		141.4	159.6
Notes, Mortgage Notes and Obligations Payable, Less Current Maturities		1.8	0
Stockholders' investment (deficit)		107.3	103.6
Total Liabilities and Stockholders' Investment		$ 426.6	$ 438.3
[1]	The CAS and combined AVC reporting units did not have goodwill for any periods presented.

Guarantor Financial Statement66

Guarantor Financial Statements - Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Condensed Financial Statements, Captions [Line Items]
Net Sales	$ 618.5	$ 642.9	$ 1,895.1	$ 1,909.3
Cost of products sold	442.5	452.9	1,354.2	1,355.4
Gross profit	176	190	540.9	553.9
Selling, general and administrative expense, net	141.1	141.7	430.5	416
Loss on sale of assets	2.9	0	2.9	0
Impairment of long-lived assets and goodwill	0	0	1.2	80.4
Amortization of intangible assets	17.1	14.9	49	43.7
Operating earnings	14.9	33.4	57.3	13.8
Net interest expense	(24)	(27.3)	(76.1)	(78)
Loss from debt retirement	0	(0.5)	(14.8)	(2.3)
(Loss) earnings before provision (benefit) for income taxes	(9.1)	5.6	(33.6)	(66.5)
Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes	0	0	0	0
(Loss) earnings before provision (benefit) for income taxes	(9.1)	5.6	(33.6)	(66.5)
Provision (benefit) for income taxes	5.3	1	(3)	(16.3)
Net (loss) earnings	(14.4)	4.6	(30.6)	(50.2)
Currency translation adjustment	(4)	(4.4)	(7.8)	(4.8)
Total pension liability adjustments, net of tax	0.3	0.6	0.7	0.3
Other comprehensive loss	(3.7)	(3.8)	(7.1)	(4.5)
Comprehensive (loss) income	(18.1)	0.8	(37.7)	(54.7)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net Sales	(104.1)	(109.8)	(335.8)	(362.2)
Cost of products sold	(104.8)	(110.6)	(336.3)	(360.9)
Gross profit	0.7	0.8	0.5	(1.3)
Selling, general and administrative expense, net	0	0	0	0
Loss on sale of assets	0		0
Impairment of long-lived assets and goodwill			0	0
Amortization of intangible assets	(0.2)	(0.2)	(0.6)	(0.6)
Operating earnings	0.9	1	1.1	(0.7)
Net interest expense	0	0	0	0
Loss from debt retirement		0	0	0
(Loss) earnings before provision (benefit) for income taxes	0.9	1	1.1	(0.7)
Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes	(12.2)	(28.2)	(45.3)	(2.3)
(Loss) earnings before provision (benefit) for income taxes	(11.3)	(27.2)	(44.2)	(3)
Provision (benefit) for income taxes	7.6	(10.9)	(7.5)	(7.8)
Net (loss) earnings	(18.9)	(16.3)	(36.7)	4.8
Currency translation adjustment	3.9	3.7	6.8	4.1
Total pension liability adjustments, net of tax	(0.1)	(0.6)	(0.4)	(0.3)
Other comprehensive loss	3.8	3.1	6.4	3.8
Comprehensive (loss) income	(15.1)	(13.2)	(30.3)	8.6
Nortek | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net Sales	0	0	0	0
Cost of products sold	0	0	0	0
Gross profit	0	0	0	0
Selling, general and administrative expense, net	12.8	14.8	38.2	48.5
Loss on sale of assets	0		0
Impairment of long-lived assets and goodwill			0	0
Amortization of intangible assets	0	0	0	0
Operating earnings	(12.8)	(14.8)	(38.2)	(48.5)
Net interest expense	(22.9)	(26.4)	(73.2)	(76.1)
Loss from debt retirement		(0.5)	(14.8)	(2.3)
(Loss) earnings before provision (benefit) for income taxes	(35.7)	(41.7)	(126.2)	(126.9)
Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes	26.6	47.3	92.6	60.4
(Loss) earnings before provision (benefit) for income taxes	(9.1)	5.6	(33.6)	(66.5)
Provision (benefit) for income taxes	5.3	1	(3)	(16.3)
Net (loss) earnings	(14.4)	4.6	(30.6)	(50.2)
Currency translation adjustment	(4)	(4.4)	(7.8)	(4.8)
Total pension liability adjustments, net of tax	0.3	0.6	0.7	0.3
Other comprehensive loss	(3.7)	(3.8)	(7.1)	(4.5)
Comprehensive (loss) income	(18.1)	0.8	(37.7)	(54.7)
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net Sales	530.7	545.3	1,625.5	1,631.4
Cost of products sold	380.3	387	1,173.9	1,163.8
Gross profit	150.4	158.3	451.6	467.6
Selling, general and administrative expense, net	109.7	99.1	324.2	292.1
Loss on sale of assets	0		0
Impairment of long-lived assets and goodwill			0.2	70.1
Amortization of intangible assets	15.6	13.8	45.1	40.9
Operating earnings	25.1	45.4	82.1	64.5
Net interest expense	(1)	(0.9)	(2.8)	(1.8)
Loss from debt retirement		0	0	0
(Loss) earnings before provision (benefit) for income taxes	24.1	44.5	79.3	62.7
Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes	(14.3)	(18.8)	(47.1)	(58.3)
(Loss) earnings before provision (benefit) for income taxes	9.8	25.7	32.2	4.4
Provision (benefit) for income taxes	(4.6)	8.7	4.7	3.9
Net (loss) earnings	14.4	17	27.5	0.5
Currency translation adjustment	0	0	0	0
Total pension liability adjustments, net of tax	0	0	0	0
Other comprehensive loss	0	0	0	0
Comprehensive (loss) income	14.4	17	27.5	0.5
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Financial Statements, Captions [Line Items]
Net Sales	191.9	207.4	605.4	640.1
Cost of products sold	167	176.5	516.6	552.5
Gross profit	24.9	30.9	88.8	87.6
Selling, general and administrative expense, net	18.6	27.8	68.1	75.4
Loss on sale of assets	2.9		2.9
Impairment of long-lived assets and goodwill			1	10.3
Amortization of intangible assets	1.7	1.3	4.5	3.4
Operating earnings	1.7	1.8	12.3	(1.5)
Net interest expense	(0.1)	0	(0.1)	(0.1)
Loss from debt retirement		0	0	0
(Loss) earnings before provision (benefit) for income taxes	1.6	1.8	12.2	(1.6)
Charges and allocations to subsidiaries and equity in subsidiaries' (loss) earnings before income taxes	(0.1)	(0.3)	(0.2)	0.2
(Loss) earnings before provision (benefit) for income taxes	1.5	1.5	12	(1.4)
Provision (benefit) for income taxes	(3)	2.2	2.8	3.9
Net (loss) earnings	4.5	(0.7)	9.2	(5.3)
Currency translation adjustment	(3.9)	(3.7)	(6.8)	(4.1)
Total pension liability adjustments, net of tax	0.1	0.6	0.4	0.3
Other comprehensive loss	(3.8)	(3.1)	(6.4)	(3.8)
Comprehensive (loss) income	$ 0.7	$ (3.8)	$ 2.8	$ (9.1)

Guarantor Financial Statement67

Guarantor Financial Statements - Condensed Consolidating Cash Flow Statement (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Cash Flows from operating activities:
Net cash (used in) provided by operating activities	$ 20.6	$ 17.6
Cash Flows from investing activities:
Capital expenditures	(29.1)	(27.7)
Net cash paid for businesses acquired and dispositions	(64.7)	(254.9)
Intercompany dividends		0
Intercompany contributions	0	0
Proceeds from the sale of property and equipment	0.1	1.6
Change in restricted cash and marketable securities	0.2	0.3
Other, net	(0.4)	(1.4)
Net cash used in investing activities	(93.9)	(282.1)
Cash Flows from financing activities:
Proceeds from ABL and other borrowings	340.7	142.4
Payment of ABL and other borrowings	(293.2)	(144.8)
Redemption of the 10% Senior Notes due 2018, including redemption premium	(262.5)	0
Net proceeds from borrowings under the senior secured term loan facility due 2020	261.8	349.1
Redemption of the senior secured term loan facility due 2017	0	(93)
Fees paid in connection with debt facilities	(2.7)	(6.3)
Net use from equity transactions	(1.9)	(4)
Excess tax benefit on share-based awards	0.5	6.4
Long-term intercompany advances and loans	0	0
Other, net	0	0
Net cash provided by financing activities	42.7	249.8
Net change in unrestricted cash and cash equivalents	(30.6)	(14.7)
Unrestricted cash and cash equivalents at the beginning of the period	58.4	80.9
Unrestricted cash and cash equivalents at the end of the period	27.8	66.2
Nortek | Reportable Legal Entities
Cash Flows from operating activities:
Net cash (used in) provided by operating activities	(120.3)	(127.3)
Cash Flows from investing activities:
Capital expenditures	(1.5)	(7)
Net cash paid for businesses acquired and dispositions	0	(184.5)
Intercompany dividends		0
Intercompany contributions	(0.9)	(0.4)
Proceeds from the sale of property and equipment	0	0
Change in restricted cash and marketable securities	0.1	0.1
Other, net	0	0
Net cash used in investing activities	(2.3)	(191.8)
Cash Flows from financing activities:
Proceeds from ABL and other borrowings	337	140
Payment of ABL and other borrowings	(289)	(140.3)
Redemption of the 10% Senior Notes due 2018, including redemption premium	(262.5)
Net proceeds from borrowings under the senior secured term loan facility due 2020	261.8	349.1
Redemption of the senior secured term loan facility due 2017		(93)
Fees paid in connection with debt facilities	(2.7)	(6.3)
Net use from equity transactions	(1.9)	(4)
Excess tax benefit on share-based awards	0.5	6.4
Long-term intercompany advances and loans	66.4	65.3
Net cash provided by financing activities	109.6	317.2
Net change in unrestricted cash and cash equivalents	(13)	(1.9)
Unrestricted cash and cash equivalents at the beginning of the period	17.5	23.2
Unrestricted cash and cash equivalents at the end of the period	4.5	21.3
Guarantor Subsidiaries | Reportable Legal Entities
Cash Flows from operating activities:
Net cash (used in) provided by operating activities	138.9	135.7
Cash Flows from investing activities:
Capital expenditures	(22.8)	(16.7)
Net cash paid for businesses acquired and dispositions	(63.1)	0
Intercompany dividends		15.5
Intercompany contributions	0	0
Proceeds from the sale of property and equipment	0.1	1.1
Change in restricted cash and marketable securities	0.1	0.1
Other, net	(0.6)	(1.1)
Net cash used in investing activities	(86.3)	(1.1)
Cash Flows from financing activities:
Proceeds from ABL and other borrowings	0	0
Payment of ABL and other borrowings	(2.2)	(2.1)
Redemption of the 10% Senior Notes due 2018, including redemption premium	0
Net proceeds from borrowings under the senior secured term loan facility due 2020	0	0
Redemption of the senior secured term loan facility due 2017		0
Fees paid in connection with debt facilities	0	0
Net use from equity transactions	0	0
Excess tax benefit on share-based awards	0	0
Long-term intercompany advances and loans	(53.9)	(134.4)
Net cash provided by financing activities	(56.1)	(136.5)
Net change in unrestricted cash and cash equivalents	(3.5)	(1.9)
Unrestricted cash and cash equivalents at the beginning of the period	5.1	20
Unrestricted cash and cash equivalents at the end of the period	1.6	18.1
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash Flows from operating activities:
Net cash (used in) provided by operating activities	2	9.2
Cash Flows from investing activities:
Capital expenditures	(4.8)	(4)
Net cash paid for businesses acquired and dispositions	(1.6)	(70.4)
Intercompany dividends		(15.5)
Intercompany contributions	0.9	0.4
Proceeds from the sale of property and equipment	0	0.5
Change in restricted cash and marketable securities	0	0.1
Other, net	0.2	(0.3)
Net cash used in investing activities	(5.3)	(89.2)
Cash Flows from financing activities:
Proceeds from ABL and other borrowings	3.7	2.4
Payment of ABL and other borrowings	(2)	(2.4)
Redemption of the 10% Senior Notes due 2018, including redemption premium	0
Net proceeds from borrowings under the senior secured term loan facility due 2020	0	0
Redemption of the senior secured term loan facility due 2017		0
Fees paid in connection with debt facilities	0	0
Net use from equity transactions	0	0
Excess tax benefit on share-based awards	0	0
Long-term intercompany advances and loans	(12.5)	69.1
Net cash provided by financing activities	(10.8)	69.1
Net change in unrestricted cash and cash equivalents	(14.1)	(10.9)
Unrestricted cash and cash equivalents at the beginning of the period	35.8	37.7
Unrestricted cash and cash equivalents at the end of the period	$ 21.7	$ 26.8