XML 24 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Mar. 02, 2019
Mar. 03, 2018
Mar. 02, 2019
Mar. 03, 2018
Income Statement [Abstract]        
Net sales $ 619.0 $ 578.4 $ 1,896.2 $ 1,763.2
Cost of sales 398.0 372.6 1,214.5 1,118.5
Gross margin 221.0 205.8 681.7 644.7
Operating expenses:        
Selling, general and administrative 153.7 149.0 476.5 449.6
Restructuring and impairment expenses 0.3 0.0 1.7 1.9
Design and research 19.2 18.1 56.6 54.6
Total operating expenses 173.2 167.1 534.8 506.1
Operating earnings 47.8 38.7 146.9 138.6
Other expenses:        
Interest expense 3.0 3.2 9.1 10.6
Other, net (0.8) (0.7) (1.3) (1.7)
Earnings before income taxes and equity income 45.6 36.2 139.1 129.7
Income tax expense 7.3 6.9 27.3 35.4
Equity income from nonconsolidated affiliates, net of tax 1.0 0.7 2.8 2.2
Net earnings 39.3 30.0 114.6 96.5
Net earnings attributable to noncontrolling interests 0.1 0.2 0.1 0.2
Net earnings attributable to Herman Miller, Inc. $ 39.2 $ 29.8 $ 114.5 $ 96.3
Earnings per share — basic $ 0.67 $ 0.50 $ 1.94 $ 1.61
Earnings per share — diluted $ 0.66 $ 0.49 $ 1.92 $ 1.60
Other comprehensive income (loss), net of tax        
Foreign currency translation adjustments $ 8.0 $ 1.7 $ (4.4) $ 6.3
Pension and other post-retirement plans 0.6 0.9 1.7 2.6
Interest rate swaps (4.4) 5.9 (3.9) 6.9
Unrealized holding loss 0.1 0.0 0.0 0.0
Other comprehensive income (loss) 4.3 8.5 (6.6) 15.8
Comprehensive income 43.6 38.5 108.0 112.3
Comprehensive income attributable to noncontrolling interests 0.1 0.2 0.1 0.2
Comprehensive income attributable to Herman Miller, Inc. $ 43.5 $ 38.3 $ 107.9 $ 112.1