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Reportable Segment Information (Tables)

6 Months Ended

Jul. 01, 2023

Segment Reporting [Abstract]

Schedule of Reportable Segment Data

Reportable segment data reconciled to the Corporation’s condensed consolidated financial statements was as follows:

			Three Months Ended												Six Months Ended
			July 1, 2023						July 2, 2022						July 1, 2023						July 2, 2022
Net Sales:
Workplace furnishings			$	413.0					$	406.7					$	712.7					$	759.8
Residential building products			150.4						215.1						329.8						434.3
Total			$	563.5					$	621.7					$	1,042.5					$	1,194.1
Income (Loss) Before Income Taxes:
Workplace furnishings			$	15.9					$	11.9					$	11.9					$	5.5
Residential building products			15.6						37.0						43.6						77.3
General corporate			(35.0)						(19.0)						(52.7)						(32.5)
Operating income (loss)			(3.6)						29.9						2.9						50.3
Interest expense, net			5.5						2.1						8.2						4.1
Total			$	(9.0)					$	27.8					$	(5.3)					$	46.2
Depreciation and Amortization Expense:
Workplace furnishings			$	13.8					$	11.7					$	25.0					$	23.2
Residential building products			3.4						3.1						6.7						6.1
General corporate			5.4						6.6						11.0						13.1
Total			$	22.6					$	21.3					$	42.7					$	42.4
Capital Expenditures (including capitalized software):
Workplace furnishings			$	17.9					$	8.2					$	31.8					$	16.4
Residential building products			2.4						2.7						7.4						8.5
General corporate			0.9						4.1						2.0						8.4
Total			$	21.1					$	15.0					$	41.2					$	33.2
															As of July 1, 2023						As of December 31, 2022
Identifiable Assets:
Workplace furnishings															$	1,440.8					$	761.5
Residential building products															491.5						493.0
General corporate															143.3						160.0
Total															$	2,075.6					$	1,414.5

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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