XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.25.2

Reportable Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 28, 2025
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
| June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Net Sales: |  |  |  |  |  |  |
Workplace furnishings | $ | 516.0 |  |  | $ | 480.2 |  |  | $ | 957.0 |  |  | $ | 920.0 |
Residential building products | 151.1 |  |  | 143.5 |  |  | 309.8 |  |  | 291.7 |
Total | $ | 667.1 |  |  | $ | 623.7 |  |  | $ | 1,266.8 |  |  | $ | 1,211.7 |
Cost of Sales: |  |  |  |  |  |  |
Workplace furnishings | $ | 298.4 |  |  | $ | 281.3 |  |  | $ | 571.7 |  |  | $ | 554.1 |
Residential building products | 82.4 |  |  | 81.1 |  |  | 170.6 |  |  | 163.4 |
Total | $ | 380.9 |  |  | $ | 362.4 |  |  | $ | 742.3 |  |  | $ | 717.5 |
Selling and Administrative Expenses: |  |  |  |  |  |  |
Workplace furnishings | $ | 149.7 |  |  | $ | 142.6 |  |  | $ | 293.1 |  |  | $ | 283.2 |
Residential building products | 45.0 |  |  | 42.6 |  |  | 90.6 |  |  | 87.2 |
General corporate | 20.7 |  |  | 20.7 |  |  | 39.3 |  |  | 38.6 |
Total | $ | 215.5 |  |  | $ | 205.9 |  |  | $ | 423.1 |  |  | $ | 409.0 |
Restructuring, Impairment, and Loss on Divestiture: |  |  |  |  |  |  |
Workplace furnishings | $ | 2.0 |  |  | $ | 2.0 |  |  | $ | 8.4 |  |  | $ | 2.1 |
General corporate | 0.6 |  |  | — |  |  | 0.6 |  |  | — |
Total | $ | 2.5 |  |  | $ | 2.0 |  |  | $ | 8.9 |  |  | $ | 2.1 |
Operating Income (Loss): |  |  |  |  |  |  |
Workplace furnishings | $ | 65.8 |  |  | $ | 54.3 |  |  | $ | 83.8 |  |  | $ | 80.6 |
Residential building products | 23.7 |  |  | 19.8 |  |  | 48.6 |  |  | 41.1 |
General corporate | (21.3) |  |  | (20.7) |  |  | (39.9) |  |  | (38.6) |
Total | $ | 68.2 |  |  | $ | 53.4 |  |  | $ | 92.6 |  |  | $ | 83.1 |
Interest Expense, Net | 6.1 |  |  | 7.4 |  |  | 11.7 |  |  | 15.1 |
Income Before Income Taxes | $ | 62.0 |  |  | $ | 46.0 |  |  | $ | 80.9 |  |  | $ | 68.0 |
Depreciation and Amortization Expense: |  |  |  |  |  |  |
Workplace furnishings | $ | 16.3 |  |  | $ | 17.8 |  |  | $ | 33.4 |  |  | $ | 35.6 |
Residential building products | 3.7 |  |  | 3.6 |  |  | 7.3 |  |  | 7.1 |
General corporate | 4.9 |  |  | 5.0 |  |  | 9.8 |  |  | 10.1 |
Total | $ | 25.0 |  |  | $ | 26.4 |  |  | $ | 50.5 |  |  | $ | 52.8 |
Capital Expenditures (including capitalized software): |  |  |  |  |  |  |
Workplace furnishings | $ | 9.9 |  |  | $ | 12.3 |  |  | $ | 20.8 |  |  | $ | 18.4 |
Residential building products | 2.3 |  |  | 1.8 |  |  | 5.5 |  |  | 4.3 |
General corporate | 2.9 |  |  | 3.4 |  |  | 4.9 |  |  | 5.9 |
Total | $ | 15.0 |  |  | $ | 17.5 |  |  | $ | 31.2 |  |  | $ | 28.7 |
|  |  |  |  | As of June 28, 2025 |  | As of December 28, 2024
Identifiable Assets: |  |  |  |  |  |  |
Workplace furnishings |  |  |  |  | $ | 1,333.4 |  |  | $ | 1,282.6 |
Residential building products |  |  |  |  | 459.3 |  |  | 465.8 |
General corporate |  |  |  |  | 119.3 |  |  | 126.7 |
Total |  |  |  |  | $ | 1,912.0 |  |  | $ | 1,875.1 |

X
- 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: 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 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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