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Reportable Segment Information
 12 Months Ended
Jan. 02, 2021
Segment Reporting [Abstract]  
Reportable Segment Information Reportable Segment Information
As discussed in "Note 1. Nature of Operations", in the second quarter of 2020, the Corporation rebranded its reportable segments. These changes did not impact the Corporation's consolidated financial statements or disclosures. Management views the Corporation as being in two reportable segments based on industries: workplace furnishings (formerly office furniture) and residential building products (formerly hearth products), with the former being the principal segment.

The aggregated workplace furnishings segment manufactures and markets a broad line of commercial and home office furniture which includes panel-based and freestanding furniture systems, seating, storage, tables, and architectural products.  The residential building products segment manufactures and markets a full array of gas, wood, electric, and pellet fueled fireplaces, inserts, 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 general corporate expenses include the net costs of the Corporation’s corporate operations.  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, IT infrastructure, 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 consolidated financial statements was as follows (in thousands):
202020192018
Net Sales:   
Workplace furnishings$1,365,711 $1,697,186 $1,706,092 
Residential building products589,652 549,761 551,803 
Total$1,955,363 $2,246,947 $2,257,895 
Income (Loss) Before Income Taxes:   
Workplace furnishings$(4,972)$103,894 $75,965 
Residential building products109,321 94,329 91,367 
General corporate(42,974)(46,881)(39,159)
Operating income61,375 151,342 128,173 
Interest expense, net6,990 8,628 9,448 
Total$54,385 $142,714 $118,725 
Depreciation and Amortization Expense:   
Workplace furnishings$44,615 $44,887 $44,303 
Residential building products9,386 8,884 8,171 
General corporate23,682 23,656 22,314 
Total$77,683 $77,427 $74,788 
Capital Expenditures (including capitalized software):   
Workplace furnishings$24,188 $41,137 $47,860 
Residential building products8,213 12,225 8,854 
General corporate9,401 13,523 6,982 
Total$41,802 $66,885 $63,696 
Identifiable Assets:   
Workplace furnishings$762,780 $874,913 $797,574 
Residential building products381,550 364,653 352,060 
General corporate273,702 212,946 252,210 
Total$1,418,032 $1,452,512 $1,401,844