XML 32 R23.htm IDEA: XBRL DOCUMENT
v3.23.2

Held for Sale | 6 Months Ended
--- | ---
Jul. 01, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Held for Sale | Held for SaleThe Corporation evaluated the Poppin business unit of Kimball International and determined that it met the criteria for held-for-sale presentation, as established in ASC 360. In August 2023, subsequent to the end of the second quarter, the Corporation reached an agreement to sell substantially all assets and liabilities of Poppin. The following table summarizes assets and liabilities held for sale in the workplace furnishings segment in the "Condensed Consolidated Balance Sheets," by major class. In addition to Poppin assets and liabilities, the assets held for sale includes $1.4 million related to the pending sale of one of the Corporation's office buildings in Muscatine, Iowa. The long-lived asset balances are recorded at fair value, based on the expected sales price, less costs to sell.
|  | As of July 1, 2023 |  | As of December 31, 2022
Assets: |  |  |  |
Receivables |  | $ | 1.4 |  |  | $ | — |
Inventories |  | 11.9 |  |  | — |
Prepaid expenses and other current assets |  | 0.7 |  |  | — |
Property, plant & equipment |  | 3.1 |  |  | 1.9 |
Right-of-use operating leases |  | 1.8 |  |  | — |
Total Assets held for sale |  | $ | 18.9 |  |  | $ | 1.9 |
Liabilities: |  |  |  |
Accounts payable and accrued expenses |  | $ | 9.4 |  |  | $ | — |
Lease obligations - operating |  | 5.0 |  |  | — |
Total Liabilities held for sale |  | $ | 14.4 |  |  | $ | — |

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

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration