XML 28 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Jun. 03, 2017
May 28, 2016
May 30, 2015
Statement of Comprehensive Income [Abstract]      
Net sales $ 2,278.2 $ 2,264.9 $ 2,142.2
Cost of sales 1,414.0 1,390.7 1,350.8
Gross margin 864.2 874.2 791.4
Operating expenses:      
Selling, general and administrative 587.8 585.6 543.9
Restructuring and impairment expenses 12.5 0.0 12.7
Design and research 73.1 77.1 71.4
Total operating expenses 673.4 662.7 628.0
Operating earnings 190.8 211.5 163.4
Other expenses (income):      
Interest expense 15.2 15.4 17.5
Interest and other investment income (2.2) (0.8) (0.6)
Other, net 0.2 0.3 1.3
Net other expenses 13.2 14.9 18.2
Earnings before income taxes 177.6 196.6 145.2
Income tax expense 55.1 59.5 47.2
Equity earnings from nonconsolidated affiliates, net of tax 1.6 0.4 0.1
Net earnings 124.1 137.5 98.1
Net earnings attributable to noncontrolling interests 0.2 0.8 0.6
Net earnings attributable to Herman Miller, Inc. $ 123.9 $ 136.7 $ 97.5
Earnings per share — basic $ 2.07 $ 2.28 $ 1.64
Earnings per share — diluted $ 2.05 $ 2.26 $ 1.62
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments $ (7.2) $ (8.8) $ (9.7)
Pension and post-retirement liability adjustments (12.7) 0.5 (8.6)
Unrealized gains on interest rate swap agreement 2.1 0.0 0.0
Unrealized holding gain on available for sale securities 0.1 0.0 0.0
Total other comprehensive loss (17.7) (8.3) (18.3)
Comprehensive income 106.4 129.2 79.8
Comprehensive income attributable to noncontrolling interests 0.2 0.8 0.6
Comprehensive income attributable to Herman Miller, Inc. $ 106.2 $ 128.4 $ 79.2