XML 30 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Jun. 02, 2018
Jun. 03, 2017
May 28, 2016
Statement of Comprehensive Income [Abstract]      
Net sales $ 2,381.2 $ 2,278.2 $ 2,264.9
Cost of sales 1,508.2 1,414.0 1,390.7
Gross margin 873.0 864.2 874.2
Operating expenses:      
Selling, general and administrative 616.7 587.8 585.6
Restructuring and impairment expenses 5.7 12.5 0.0
Design and research 73.1 73.1 77.1
Total operating expenses 695.5 673.4 662.7
Operating earnings 177.5 190.8 211.5
Other expenses (income):      
Interest expense 13.5 15.2 15.4
Interest and other investment income (4.4) (2.2) (0.8)
Other, net 0.3 0.2 0.3
Net other expenses 9.4 13.2 14.9
Earnings before income taxes 168.1 177.6 196.6
Income tax expense 42.4 55.1 59.5
Equity earnings from nonconsolidated affiliates, net of tax 3.0 1.6 0.4
Net earnings 128.7 124.1 137.5
Net earnings attributable to noncontrolling interests 0.6 0.2 0.8
Net earnings attributable to Herman Miller, Inc. $ 128.1 $ 123.9 $ 136.7
Earnings per share — basic $ 2.15 $ 2.07 $ 2.28
Earnings per share — diluted $ 2.12 $ 2.05 $ 2.26
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments $ 2.7 $ (7.2) $ (8.8)
Pension and post-retirement liability adjustments 10.4 (12.7) 0.5
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent 7.8 2.1 0.0
Unrealized gains on interest rate swap agreement 7.5 2.1 0.0
Unrealized holding gain on available for sale securities 0.0 0.1 0.0
Total other comprehensive income (loss) 20.9 (17.7) (8.3)
Comprehensive income 149.6 106.4 129.2
Comprehensive income attributable to noncontrolling interests 0.6 0.2 0.8
Comprehensive income attributable to Herman Miller, Inc. $ 149.0 $ 106.2 $ 128.4