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Reportable Segment Information
 3 Months Ended
Apr. 01, 2023
Segment Reporting [Abstract]  
Reportable Segment Information Reportable Segment Information
Management views the Corporation as two reportable segments based on industries: workplace furnishings and residential building products.

The aggregated workplace furnishings segment manufactures and markets a broad line of commercial 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:
 Three Months Ended
April 1,
2023		April 2,
2022
Net Sales:
Workplace furnishings$299.6 $353.1 
Residential building products179.4 219.2 
Total$479.1 $572.3 
Income (Loss) Before Income Taxes:
Workplace furnishings$(4.0)$(6.4)
Residential building products28.1 40.4 
General corporate(17.7)(13.5)
Operating income6.4 20.4 
Interest expense, net2.7 2.0 
Total$3.8 $18.5 
Depreciation and Amortization Expense:
Workplace furnishings$11.2 $11.5 
Residential building products3.3 3.1 
General corporate5.7 6.5 
Total$20.1 $21.1 
Capital Expenditures (including capitalized software):
Workplace furnishings$13.9 $8.2 
Residential building products5.0 5.8 
General corporate1.1 4.3 
Total$20.0 $18.2 
As of
April 1, 2023		As of
December 31, 2022
Identifiable Assets:
Workplace furnishings$746.2 $761.5 
Residential building products491.1 493.0 
General corporate145.5 160.0 
Total$1,382.8 $1,414.5