XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Revenue from Contracts with Customers (Tables) | 12 Months Ended
--- | ---
Jan. 01, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Revenue from contracts with customers disaggregated by product category is as follows (in thousands):
| 2021 |  | 2020 |  | 2019
Systems and storage | $ | 833,220 |  |  | $ | 741,183 |  |  | $ | 951,965 |
Seating | 481,739 |  |  | 489,342 |  |  | 583,245 |
Other | 119,026 |  |  | 135,186 |  |  | 161,976 |
Total workplace furnishings | 1,433,985 |  |  | 1,365,711 |  |  | 1,697,186 |
Residential building products | 750,423 |  |  | 589,652 |  |  | 549,761 |
| $ | 2,184,408 |  |  | $ | 1,955,363 |  |  | $ | 2,246,947 |
Contract with Customer, Asset and Liability | Contract assets and contract liabilities were as follows (in thousands):
| January 1, 2022 |  | January 2, 2021
Trade receivables (1) | $ | 239,955 |  |  | $ | 207,971 |
Contract assets (current) (2) | $ | 1,471 |  |  | $ | 761 |
Contract assets (long-term) (3) | $ | 18,198 |  |  | $ | 2,486 |
Contract liabilities (4) | $ | 58,716 |  |  | $ | 53,070 |
The index below indicates the line item in the Consolidated Balance Sheets where contract assets and contract liabilities are reported: (1) "Receivables" (2) "Prepaid expenses and other current assets" (3) "Other Assets" (4) "Accounts payable and accrued expenses" Changes in contract asset and contract liability balances during the year ended January 1, 2022 were as follows (in thousands):
| Contract assets increase (decrease) |  | Contract liabilities (increase) decrease
Contract assets recognized | $ | 17,294 |  |  | $ | — |
Reclassification of contract assets to contra-revenue | (872) |  |  | — |
Contract liabilities recognized and recorded to contra-revenue as a result of performance obligations satisfied | — |  |  | (121,654) |
Contract liabilities paid | — |  |  | 122,127 |
Cash received in advance and not recognized as revenue | — |  |  | (115,242) |
Reclassification of cash received in advance to revenue as a result of performance obligations satisfied | — |  |  | 109,919 |
Impact of business combinations | — |  |  | (796) |
Net change | $ | 16,422 |  |  | $ | (5,646) |
The increase in contract assets in 2021 is due to payments made in connection with multi-year distribution agreements in the workplace furnishings segment. Changes in contract asset and contract liability balances during the year ended January 2, 2021 were as follows (in thousands):
| Contract assets increase (decrease) |  | Contract liabilities (increase) decrease
Contract assets recognized | $ | 358 |  |  | $ | — |
Reclassification of contract assets to contra-revenue | (668) |  |  | — |
Contract liabilities recognized and recorded to contra-revenue as a result of performance obligations satisfied | — |  |  | (122,501) |
Contract liabilities paid | — |  |  | 136,876 |
Cash received in advance and not recognized as revenue | — |  |  | (82,251) |
Reclassification of cash received in advance to revenue as a result of performance obligations satisfied | — |  |  | 76,047 |
Impact of business combination | — |  |  | (6,269) |
Net change | $ | (310) |  |  | $ | 1,902 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration