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v3.22.1

Business Segments (Tables) | 3 Months Ended
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Apr. 02, 2022
Segment Reporting [Abstract] |
Revenue and Operating Profit by Segment | The following is a summary of certain key financial measures for each reportable segment.
| Quarter Ended |  |
(In millions) | April 2, 2022 |  | April 3, 2021 |  |  |  |
Revenue: |  |  |  |  |  |  |
Wolverine Michigan Group | $ | 329.3 |  |  | $ | 297.7 |  |  |  |  |
Wolverine Boston Group | 212.3 |  |  | 200.9 |  |  |  |  |
Other | 73.2 |  |  | 12.1 |  |  |  |  |
Total | $ | 614.8 |  |  | $ | 510.7 |  |  |  |  |
Segment operating profit (loss): |  |  |  |  |  |  |
Wolverine Michigan Group | $ | 65.1 |  |  | $ | 59.2 |  |  |  |  |
Wolverine Boston Group | 29.2 |  |  | 34.1 |  |  |  |  |
Other | 0.1 |  |  | 0.3 |  |  |  |  |
Corporate | (74.8) |  |  | (35.5) |  |  |  |  |
Operating profit | 19.6 |  |  | 58.1 |  |  |  |  |
Interest expense, net | 8.7 |  |  | 9.6 |  |  |  |  |
Other expense (income), net | (1.1) |  |  | 2.8 |  |  |  |  |
Earnings before income taxes | $ | 12.0 |  |  | $ | 45.7 |  |  |  |  |
Assets and Goodwill by Segment |
(In millions) | April 2, 2022 |  | January 1, 2022 |  | April 3, 2021
Total assets: |  |  |  |  |
Wolverine Michigan Group | $ | 762.2 |  |  | $ | 651.9 |  |  | $ | 684.8 |
Wolverine Boston Group | 1,172.3 |  |  | 1,123.6 |  |  | 1,126.8 |
Other | 595.6 |  |  | 606.2 |  |  | 37.0 |
Corporate | 215.9 |  |  | 204.7 |  |  | 418.7 |
Total | $ | 2,746.0 |  |  | $ | 2,586.4 |  |  | $ | 2,267.3 |
Goodwill: |  |  |  |  |
Wolverine Michigan Group | $ | 144.4 |  |  | $ | 145.1 |  |  | $ | 145.7 |
Wolverine Boston Group | 296.4 |  |  | 296.2 |  |  | 297.0 |
Other | 111.6 |  |  | 115.3 |  |  | — |
Total | $ | 552.4 |  |  | $ | 556.6 |  |  | $ | 442.7 |

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