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Operating Segments (Tables)

12 Months Ended

Jun. 03, 2017

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)		2017				2016				2015
Net Sales:
North American Furniture Solutions		$	1,342.2			$	1,331.8			$	1,241.9
ELA Furniture Solutions		385.5				412.6				409.9
Specialty		232.4				231.8				219.9
Consumer		318.1				288.7				270.5
Corporate		—				—				—
Total		$	2,278.2			$	2,264.9			$	2,142.2
Depreciation and Amortization:
North American Furniture Solutions		$	32.0			$	27.9			$	26.5
ELA Furniture Solutions		8.8				8.5				8.2
Specialty		7.5				7.4				7.4
Consumer		10.2				8.6				7.3
Corporate		0.4				0.6				0.4
Total		$	58.9			$	53.0			$	49.8
Operating Earnings (Losses):
North American Furniture Solutions		$	137.7			$	152.0			$	125.2
ELA Furniture Solutions		30.8				35.3				25.9
Specialty		17.7				16.4				13.5
Consumer		5.3				8.1				14.7
Corporate		(0.7		)		(0.3		)		(15.9		)
Total		$	190.8			$	211.5			$	163.4
Capital Expenditures:
North American Furniture Solutions		$	47.1			$	56.8			$	31.7
ELA Furniture Solutions		8.5				15.0				20.3
Specialty		9.7				3.1				3.7
Consumer		22.0				10.2				7.9
Corporate		—				—				—
Total		$	87.3			$	85.1			$	63.6
Total Assets:
North American Furniture Solutions		$	533.6			$	531.7			$	504.5
ELA Furniture Solutions		230.3				218.4				235.4
Specialty		157.9				147.3				151.6
Consumer		276.4				245.3				231.8
Corporate		108.1				92.5				69.4
Total		$	1,306.3			$	1,235.2			$	1,192.7
Goodwill:
North American Furniture Solutions		$	135.8			$	135.8			$	135.8
ELA Furniture Solutions		40.1				40.9				41.9
Specialty		49.8				49.8				49.8
Consumer		78.8				78.8				75.6
Corporate		—				—				—
Total		$	304.5			$	305.3			$	303.1

Revenue from External Customers by Products and Services

The following is a summary of net sales estimated by product category for the respective fiscal years indicated.

(In millions)		2017				2016				2015
Net Sales:
Systems		$	639.0			$	656.8			$	563.4
Seating		894.8				855.5				805.5
Freestanding and storage		428.8				456.9				484.1
Other (1)		315.6				295.7				289.2
Total		$	2,278.2			$	2,264.9			$	2,142.2

(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)		2017				2016				2015
Net Sales:
United States		$	1,690.1			$	1,757.0			$	1,640.6
International		588.1				507.9				501.6
Total		$	2,278.2			$	2,264.9			$	2,142.2

Schedule of Long-Lived Assets by Geographic Area

(In millions)		2017				2016				2015
Long-lived assets:
United States		$	328.6			$	254.8			$	224.2
International		45.3				48.1				53.8
Total		$	373.9			$	302.9			$	278.0

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+ References

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