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Business Segments (Notes) | 12 Months Ended
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Jan. 02, 2021
Segment Reporting [Abstract] |
Business Segments | BUSINESS SEGMENTS The Company’s portfolio of brands is organized into the following two operating segments, which the Company has determined to be reportable segments. •Wolverine Michigan Group, consisting of Merrell® footwear and apparel, Cat® footwear, Wolverine® footwear and apparel, Chaco® footwear, Hush Puppies® footwear and apparel, Bates® uniform footwear, Harley-Davidson® footwear and Hytest® safety footwear; and •Wolverine Boston Group, consisting of Sperry® footwear, Saucony® footwear and apparel, Keds® footwear and the Kids' footwear business, which includes the Stride Rite® licensed business, as well as Kids' footwear offerings from Saucony®, Sperry®, Keds®, Merrell®, Hush Puppies® and Cat®. The reportable segments are engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. Revenue for the reportable segments includes revenue from the sale of branded footwear, apparel and accessories to third-party customers; revenue from third-party distributors, licensees and joint ventures; 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 leather marketing operations, sourcing operations and multi-branded consumer-direct retail stores. The Corporate category consists of unallocated corporate expenses, such as costs related to the COVID-19 pandemic, impairment of intangible assets and environmental and other related costs. The Company’s reportable segments are determined based on how the Company internally reports and evaluates financial information used to make operating decisions. Company management uses various financial measures to evaluate the performance of the reportable segments. The following is a summary of certain key financial measures for the respective fiscal periods indicated.
| Fiscal Year
(In millions) | 2020 |  | 2019 |  | 2018
Revenue: |  |  |  |  |
Wolverine Michigan Group | $ | 1,051.0 |  |  | $ | 1,299.7 |  |  | $ | 1,272.2 |
Wolverine Boston Group | 696.0 |  |  | 910.9 |  |  | 895.5 |
Other | 44.1 |  |  | 63.1 |  |  | 71.5 |
Total | $ | 1,791.1 |  |  | $ | 2,273.7 |  |  | $ | 2,239.2 |
Operating profit (loss): |  |  |  |  |
Wolverine Michigan Group | $ | 179.9 |  |  | $ | 244.8 |  |  | $ | 257.6 |
Wolverine Boston Group | 88.1 |  |  | 153.8 |  |  | 157.5 |
Other | 1.6 |  |  | 2.9 |  |  | 3.1 |
Corporate | (406.7) |  |  | (230.5) |  |  | (166.3) |
Total | $ | (137.1) |  |  | $ | 171.0 |  |  | $ | 251.9 |
Depreciation and amortization expense: |  |  |  |  |
Wolverine Michigan Group | $ | 2.7 |  |  | $ | 2.4 |  |  | $ | 2.7 |
Wolverine Boston Group | 3.4 |  |  | 3.3 |  |  | 3.3 |
Other | 2.0 |  |  | 2.4 |  |  | 3.1 |
Corporate | 24.7 |  |  | 24.6 |  |  | 22.4 |
Total | $ | 32.8 |  |  | $ | 32.7 |  |  | $ | 31.5 |
Capital expenditures: |  |  |  |  |
Wolverine Michigan Group | $ | 0.8 |  |  | $ | 2.2 |  |  | $ | 3.1 |
Wolverine Boston Group | 2.3 |  |  | 5.7 |  |  | 1.2 |
Other | 0.9 |  |  | 2.2 |  |  | 1.8 |
Corporate | 6.3 |  |  | 24.3 |  |  | 15.6 |
Total | $ | 10.3 |  |  | $ | 34.4 |  |  | $ | 21.7 |
(In millions) | January 2, 2021 |  | December 28, 2019
Total assets: |  |  |
Wolverine Michigan Group | $ | 626.9 |  |  | $ | 773.8 |
Wolverine Boston Group | 1,077.8 |  |  | 1,354.8 |
Other | 31.4 |  |  | 38.4 |
Corporate | 401.3 |  |  | 313.0 |
Total | $ | 2,137.4 |  |  | $ | 2,480.0 |
Goodwill: |  |  |
Wolverine Michigan Group | $ | 145.4 |  |  | $ | 144.4 |
Wolverine Boston Group | 297.0 |  |  | 294.5 |
Total | $ | 442.4 |  |  | $ | 438.9 |
Geographic dispersion of revenue from external customers, based on shipping destination is as follows:
| Fiscal Year
(In millions) | 2020 |  | 2019 |  | 2018
United States | $ | 1,234.2 |  |  | $ | 1,507.9 |  |  | $ | 1,505.2 |
Foreign: |  |  |  |  |
Europe, Middle East and Africa | 279.8 |  |  | 343.1 |  |  | 325.7 |
Asia Pacific | 120.3 |  |  | 193.7 |  |  | 186.0 |
Canada | 88.9 |  |  | 117.9 |  |  | 116.7 |
Latin America | 67.9 |  |  | 111.1 |  |  | 105.6 |
Total from foreign territories | 556.9 |  |  | 765.8 |  |  | 734.0 |
Total revenue | $ | 1,791.1 |  |  | $ | 2,273.7 |  |  | $ | 2,239.2 |
The location of the Company’s tangible long-lived assets, which comprises property, plant and equipment and lease right-of-use assets, is as follows:
(In millions) | January 2, 2021 |  | December 28, 2019 |  | December 29, 2018
United States | $ | 222.2 |  |  | $ | 247.2 |  |  | $ | 117.1 |
Foreign countries | 44.9 |  |  | 54.6 |  |  | 13.8 |
Total | $ | 267.1 |  |  | $ | 301.8 |  |  | $ | 130.9 |
The Company does not believe that it is dependent upon any single customer because no customer accounts for more than 10% of consolidated revenue in any year. During fiscal 2020, the Company sourced 100% of its footwear products and apparel and accessories from third-party suppliers, located primarily in the Asia Pacific region. While changes in suppliers could cause delays in manufacturing and a possible loss of sales, management believes that other suppliers could provide similar products on comparable terms.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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