XML 42 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8

Operating Segments (Tables)

12 Months Ended

May 31, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following is a summary of certain key financial measures for the respective fiscal years indicated:

(In millions)		2014				2013				2012
Net Sales:
North American Furniture Solutions		$	1,216.3			$	1,221.9			$	1,218.5
ELA Furniture Solutions		392.2				377.3				347.3
Specialty and Consumer		273.5				175.7				158.3
Corporate		—				—				—
Total		$	1,882.0			$	1,774.9			$	1,724.1
Depreciation and Amortization:
North American Furniture Solutions		$	26.8			$	28.0			$	31.7
ELA Furniture Solutions		7.6				6.6				3.7
Specialty and Consumer		8.0				2.9				1.8
Corporate		—				—				—
Total		$	42.4			$	37.5			$	37.2
Operating Earnings (Losses):
North American Furniture Solutions		$	(27.0	)		$	76.6			$	96.9
ELA Furniture Solutions		23.1				24.7				32.1
Specialty and Consumer		4.6				15.4				15.1
Corporate		(26.4		)		(1.8		)		(6.5		)
Total		$	(25.7	)		$	114.9			$	137.6
Capital Expenditures:
North American Furniture Solutions		$	28.9			$	33.6			$	20.3
ELA Furniture Solutions		6.4				15.9				3.3
Specialty and Consumer		5.5				0.7				4.9
Corporate		—				—				—
Total		$	40.8			$	50.2			$	28.5
Total Assets:
North American Furniture Solutions		$	457.0			$	427.8			$	389.2
ELA Furniture Solutions		244.8				250.9				231.5
Specialty and Consumer		176.5				174.3				36.5
Corporate		112.6				93.5				181.9
Total		$	990.9			$	946.5			$	839.1
Goodwill:
North American Furniture Solutions		$	135.8			$	136.1			$	104.9
ELA Furniture Solutions		42.6				41.1				40.5
Specialty and Consumer		49.8				49.8				1.0
Corporate		—				—				—
Total		$	228.2			$	227.0			$	146.4

Revenue from External Customers by Products and Services

The following is a summary of net sales by product category for the respective fiscal years indicated. Given that formal product line information is not available for the company as a whole, this summary is intended to represent a reasonable estimate of net sales by product category based on the best information available.

(In millions)		2014				2013				2012
Net Sales:
Systems		$	571.6			$	572.9			$	549.5
Seating		658.2				609.8				619.8
Freestanding and storage		386.4				395.0				334.3
Other (1)		265.8				197.2				220.5
Total		$	1,882.0			$	1,774.9			$	1,724.1

(1) “Other” primarily consists of textiles or uncategorized product sales and service sales.

Schedule of Revenue by Customer Geographic Area

The following is a summary of geographic information for the respective fiscal years indicated. Individual foreign country information is not provided as none of the individual foreign countries in which the company operates are considered material for separate disclosure based on quantitative and qualitative considerations.

(In millions)		2014				2013				2012
Net Sales:
United States		$	1,406.3			$	1,291.5			$	1,271.9
International		475.7				483.4				452.2
Total		$	1,882.0			$	1,774.9			$	1,724.1

Schedule of Long-Lived Assets by Geographic Area

(In millions)		2014				2013				2012
Long-lived assets:
United States		$	177.0			$	169.2			$	146.4
International		35.4				29.8				18.1
Total		$	212.4			$	199.0			$	164.5

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 41

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 40

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 41

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 21

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 25

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 22

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration