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 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 was as follows (in thousands):



	Three Months Ended
	March 31, 2018			April 1, 2017
Net Sales:
Office furniture	$	380,915		$	359,981
Hearth products	124,154			117,686
Total	$	505,069		$	477,667

Income Before Income Taxes:
Office furniture	$	(387	)	$	6,444
Hearth products	17,114			11,811
General corporate	(15,265		)	(11,296		)
Total	$	1,462		$	6,959

Depreciation and Amortization Expense:
Office furniture	$	10,986		$	12,885
Hearth products	1,962			3,488
General corporate	5,497			2,466
Total	$	18,445		$	18,839

Capital Expenditures (including capitalized software):
Office furniture	$	11,577		$	21,020
Hearth products	2,938			2,078
General corporate	1,816			9,678
Total	$	16,331		$	32,776


	As of March 31, 2018			As of December 30, 2017
Identifiable Assets:
Office furniture	$	787,106		$	821,767
Hearth products	344,653			347,189
General corporate	213,380			222,594
Total	$	1,345,139		$	1,391,550