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Business Segments (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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No definition available.

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