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Reportable Segment Information
 3 Months Ended
Apr. 03, 2021
Segment Reporting [Abstract]  
Reportable Segment Information Reportable Segment Information
Management views the Corporation as being in two reportable segments based on industries: workplace furnishings and residential building 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 general 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 condensed consolidated financial statements was as follows (in thousands):
 Three Months Ended
April 3,
2021		March 28,
2020
Net Sales:
Workplace furnishings$302,748 $338,386 
Residential building products181,545 130,318 
Total$484,293 $468,704 
Income (Loss) Before Income Taxes:
Workplace furnishings$(3,071)$(33,231)
Residential building products39,849 20,671 
General corporate(14,178)(11,168)
Operating income22,600 (23,728)
Interest expense, net1,755 1,811 
Total$20,845 $(25,539)
Depreciation and Amortization Expense:
Workplace furnishings$11,984 $11,332 
Residential building products2,410 2,306 
General corporate6,069 5,849 
Total$20,463 $19,487 
Capital Expenditures (including capitalized software):
Workplace furnishings$10,487 $7,101 
Residential building products4,710 2,973 
General corporate3,767 3,085 
Total$18,964 $13,159 
As of
April 3,
2021		As of
January 2, 2021
Identifiable Assets:
Workplace furnishings$757,753 $762,780 
Residential building products390,520 381,550 
General corporate257,308 273,702 
Total$1,405,581 $1,418,032