Reportable 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 metal and wood commercial and home office furniture which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products. The hearth products segment manufactures and markets a broad line of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings, and accessories, principally for the home.

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 costs 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 is as follows (in thousands):



	Three Months Ended						Six Months Ended
	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Net Sales:
Office furniture	$	406,444		$	428,113		$	766,425		$	815,452
Hearth products	108,041			108,425			225,727			222,123
Total	$	514,485		$	536,538		$	992,152		$	1,037,575

Income Before Income Taxes:
Office furniture	$	19,683		$	43,367		$	26,127		$	64,667
Hearth products	12,104			9,954			23,915			22,515
General corporate	(11,160		)	(8,360		)	(22,456		)	(24,498		)
Total	$	20,627		$	44,961		$	27,586		$	62,684

Depreciation & Amortization Expense:
Office furniture	$	12,498		$	11,127		$	25,383		$	21,820
Hearth products	2,706			3,322			6,194			5,978
General corporate	2,421			1,931			4,887			3,833
Total	$	17,625		$	16,380		$	36,464		$	31,631

Capital Expenditures (including capitalized software):
Office furniture	$	16,345		$	13,580		$	37,365		$	30,048
Hearth products	5,134			4,459			7,212			7,012
General corporate	9,833			10,360			19,511			18,796
Total	$	31,312		$	28,399		$	64,088		$	55,856

							As of July 1, 2017			As of December 31, 2016
Identifiable Assets:
Office furniture							$	812,771		$	749,145
Hearth products							353,768			340,494
General corporate							234,620			240,595
Total							$	1,401,159		$	1,330,234