XML 27 R5.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statement of Stockholders' Equity - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Key Executive Deferred Compensation
Herman Miller, Inc. Stockholders' Equity
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Net earnings attributable to Herman Miller, Inc. $ 123.9       $ 123.9   $ 123.9    
Balance at beginning of year at May. 28, 2016 524.7 $ 0.0 $ 12.0 $ 142.7 435.3 $ (1.1) 524.4 $ (64.5) $ 0.3
Balance at beginning of year (in shares) at May. 28, 2016     59,868,276            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings attributable to Herman Miller, Inc. 123.9       123.9   123.9    
Net earnings 123.9                
Other comprehensive income (loss) (17.7)           (17.7) (17.7)  
Stock-based compensation expense 9.0     9.1     9.1   (0.1)
Excess tax benefit for stock-based compensation (0.6)     (0.6)     (0.6)    
Exercised (shares)     327,299            
Exercise of stock options 9.4     9.4     9.4    
Restricted and performance stock units released (in shares)     207,776            
Restricted and performance stock units released $ 0.3     0.3     0.3    
Employee stock purchase plan issuances (in shares) 68,547   68,047            
Employee stock purchase plan issuances $ 1.9     1.9     1.9    
Repurchase and retirement of common stock (in shares)     (765,556)            
Repurchase and retirement of common stock (23.8)   $ (0.1) (23.7)     (23.8)    
Directors' fees (in shares)     9,982            
Directors' fees 0.3     0.3     0.3    
Deferred compensation plan       (0.1)   0.1      
Dividends declared (40.9)       (40.9)   (40.9)    
Redemption value adjustment 1.2       1.2   1.2    
Balance at end of year at Jun. 03, 2017 587.7 0.0 $ 11.9 139.3 519.5 (1.0) 587.5 (82.2) 0.2
Balance at end of year (in shares) at Jun. 03, 2017     59,715,824            
Net earnings attributable to Herman Miller, Inc. 128.1       128.1   128.1    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings attributable to Herman Miller, Inc. 128.1       128.1   128.1    
Net earnings 128.1                
Other comprehensive income (loss) 20.9           20.9 20.9  
Stock-based compensation expense 7.0     7.0     7.0    
Exercised (shares)     538,259            
Exercise of stock options 14.6     14.6     14.6    
Restricted and performance stock units released (in shares)     256,884            
Restricted and performance stock units released $ 0.3   $ 0.1 0.2     0.3    
Employee stock purchase plan issuances (in shares) 67,335   67,335            
Employee stock purchase plan issuances $ 2.0     2.0     2.0    
Repurchase and retirement of common stock (in shares)     (1,356,156)            
Repurchase and retirement of common stock (46.5)   $ (0.3) (46.2)     (46.5)    
Directors' fees (in shares)     8,828            
Directors' fees 0.4     0.4     0.4    
Deferred compensation plan (0.1)     (0.4)   0.3 (0.1)    
Dividends declared (43.2)       (43.2)   (43.2)    
Redemption value adjustment (6.2)       (6.2)   (6.2)    
Balance at end of year at Jun. 02, 2018 $ 664.8 0.0 $ 11.7 116.6 598.3 (0.7) 664.6 (61.3) 0.2
Balance at end of year (in shares) at Jun. 02, 2018 59,230,974   59,230,974            
Net earnings attributable to Herman Miller, Inc. $ 160.5           160.5    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings attributable to Herman Miller, Inc. 160.5           160.5    
Net earnings 160.5                
Other comprehensive income (loss) (34.3)           (34.3)    
Stock-based compensation expense 8.2     8.4     8.4   (0.2)
Exercised (shares)     347,248            
Exercise of stock options 10.1   $ 0.1 10.0     10.1    
Restricted and performance stock units released (in shares)     468,807            
Restricted and performance stock units released $ 0.3   $ 0.1 0.2     0.3    
Employee stock purchase plan issuances (in shares) 62,957   62,957            
Employee stock purchase plan issuances $ 1.9     1.9     1.9    
Repurchase and retirement of common stock (in shares)     (1,326,023)            
Repurchase and retirement of common stock (47.8)   $ (0.2) (47.6)     (47.8)    
Directors' fees (in shares)     10,185            
Directors' fees 0.3     0.3     0.3    
Deferred compensation plan (0.1)         (0.1) (0.1)    
Dividends declared (46.6)       (46.6)   (46.6)    
Balance at end of year at Jun. 01, 2019 $ 719.2 $ 0.0 $ 11.7 $ 89.8 $ 712.7 $ (0.8) $ 719.2 $ (94.2) $ 0.0
Balance at end of year (in shares) at Jun. 01, 2019 58,794,148   58,794,148