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Business Segment Information
 3 Months Ended
Apr. 02, 2016
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

Management views the Corporation as being in two reportable segments based on industries: office furniture and hearth products, with the former being the principal business segment.

The aggregated office furniture segment manufactures and markets a broad line of office furniture which includes storage products, desks, credenzas, chairs, tables, bookcases, classroom solutions, freestanding office partitions and panel systems and other related products.  The hearth products segment manufactures and markets a broad line of manufactured gas, electric, wood and pellet fireplaces, inserts and stoves, facings and accessories.

For purposes of segment reporting, intercompany sales between segments are not material and operating profit is income before income taxes exclusive of certain unallocated corporate expenses.  These unallocated corporate expenses include the net cost of the Corporation's corporate operations, interest income and interest expense.  Management views interest income and expense as corporate financing costs and not as a reportable segment cost.  In addition, management applies an effective income tax rate to its consolidated income before income taxes so income taxes are not reported or viewed internally on a segment basis. Identifiable assets by segment are those assets applicable to the respective industry segments. Corporate assets consist principally of cash and cash equivalents, short-term investments, long-term investments and corporate office real estate and related equipment.

No geographic information for revenues from external customers or for long-lived assets is disclosed since the Corporation's primary market and capital investments are concentrated in the United States.

Reportable segment data reconciled to the Corporation's condensed consolidated financial statements for the three month periods ended April 2, 2016, and April 4, 2015, is as follows:
 
Three Months Ended
(In thousands)
April 2, 2016
 
April 4, 2015
Net Sales:
 
 
 
Office Furniture
$
387,339

 
$
407,429

Hearth Products
113,698

 
116,048

 
$
501,037

 
$
523,477

Operating Profit:
 
 
 
Office furniture
21,300

 
20,152

Hearth products
12,561

 
12,501

Total operating profit
33,861

 
32,653

Unallocated corporate expense
(16,138
)
 
(19,133
)
Income before income taxes
$
17,723

 
$
13,520

 
 
 
 
Depreciation & Amortization Expense:
 
 
 
Office furniture
$
10,693

 
$
10,377

Hearth products
2,656

 
1,958

General corporate
1,902

 
1,525

 
$
15,251

 
$
13,860

 
 
 
 
Capital Expenditures (including capitalized software):
 
 
 
Office furniture
$
16,468

 
$
14,551

Hearth products
2,553

 
2,404

General corporate
8,436

 
11,268

 
$
27,457

 
$
28,223

 
 
 
 
 
As of
 
As of
(In thousands)
April 2,
2016
 
January 2,
2016
Identifiable Assets:
 
 
 
Office furniture
$
764,741

 
$
739,915

Hearth products
348,194

 
341,813

General corporate
198,517

 
182,197

 
$
1,311,452

 
$
1,263,925