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Business Segments
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Business Segments
BUSINESS SEGMENTS
The Company’s portfolio of brands is organized into the following three operating segments, which the Company has determined to be reportable operating segments. During the first quarter of fiscal 2018, the Kids footwear business was realigned into the Wolverine Boston Group and the multi-brand consumer-direct component is now reported within the other category. All prior period disclosures have been restated to reflect these new reportable operating segments.
•
Wolverine Outdoor & Lifestyle Group, consisting of Merrell® footwear and apparel, Cat® footwear, Hush Puppies® footwear and apparel, Chaco® footwear and Sebago® footwear and apparel;
•
Wolverine Boston Group, consisting of Sperry® footwear and apparel, Saucony® footwear and apparel and Keds® footwear and apparel, and the Kids footwear business that includes the Stride Rite® licensed business, as well as kid’s footwear offerings from Saucony®, Sperry®, Keds®, Merrell® and Hush Puppies®; and
•
Wolverine Heritage Group, consisting of Wolverine® footwear and apparel, Bates® uniform footwear, Harley-Davidson® footwear and HyTest® safety footwear.
The reportable segments are engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. Revenue for the reportable operating segments includes revenue from the sale of branded footwear, apparel and accessories to third-party customers; revenue from third-party licensees and distributors; and revenue from the Company’s consumer-direct businesses.
The Company also reports “Other” and “Corporate” categories. The Other category consists of the Company’s multi-branded consumer-direct retail stores, leather marketing operations and sourcing operations that include third-party commission revenues. The Corporate category consists of unallocated corporate expenses, including restructuring and other related costs, organizational transformation costs and environmental and other related costs. The Company’s operating segments are determined based on how the Company internally reports and evaluates financial information used to make operating decisions. The operating segment managers all report directly to the chief operating decision maker.
Company management uses various financial measures to evaluate the performance of the reportable operating segments. The following is a summary of certain key financial measures for the respective fiscal periods indicated.
 
Quarter Ended
(In millions)
March 31, 2018
 
April 1, 2017
Revenue:
 
 
 
Wolverine Outdoor & Lifestyle Group
$
222.8

 
$
231.4

Wolverine Boston Group
219.0

 
264.0

Wolverine Heritage Group
73.1

 
75.7

Other
19.2

 
20.2

Total
$
534.1

 
$
591.3

Operating profit (loss):
 
 
 
Wolverine Outdoor & Lifestyle Group
$
52.7

 
$
51.6

Wolverine Boston Group
36.8

 
33.8

Wolverine Heritage Group
12.6

 
9.6

Other
0.9

 
0.3

Corporate
(41.5
)
 
(60.8
)
Total
$
61.5

 
$
34.5


(In millions)
March 31,
2018
 
December 30,
2017
 
April 1,
2017
Total assets:
 
 
 
 
 
Wolverine Outdoor & Lifestyle Group
$
462.0

 
$
420.4

 
$
443.5

Wolverine Boston Group
1,235.8

 
1,245.0

 
1,375.8

Wolverine Heritage Group
129.0

 
136.7

 
147.4

Other
42.5

 
42.1

 
50.3

Corporate
334.7

 
554.8

 
370.8

Total
$
2,204.0

 
$
2,399.0

 
$
2,387.8

Goodwill:
 
 
 
 
 
Wolverine Outdoor & Lifestyle Group
$
129.6

 
$
128.8

 
$
127.0

Wolverine Boston Group
283.2

 
284.5

 
281.6

Wolverine Heritage Group
16.5

 
16.5

 
16.5

Total
$
429.3

 
$
429.8

 
$
425.1