XML 45 R23.htm IDEA: XBRL DOCUMENT v3.19.1

Operating Segments

9 Months Ended

Mar. 02, 2019

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Operating Segments

Operating Segments

The Company's reportable segments consist of North American Furniture Solutions, ELA Furniture Solutions, Specialty and Consumer. The North American Furniture Solutions segment includes the operations associated with the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, throughout the United States and Canada. The business associated with the Company's owned contract furniture dealers is also included in the North American Furniture Solutions segment. The ELA Furniture Solutions segment includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the EMEA, Latin America and Asia-Pacific geographic regions. The Specialty segment includes the operations associated with the design, manufacture, and sale of high-craft furniture products and textiles including Geiger wood products, Maharam textiles, Nemschoff and Herman Miller Collection products. The Consumer segment includes operations associated with the sale of modern design furnishings and accessories to third-party retail distributors, through contract channels, as well as direct to consumer sales through eCommerce and Design Within Reach and HAY retail studios and outlets.

The Company also reports a “Corporate” category consisting primarily of unallocated expenses related to general corporate functions, including, but not limited to, certain legal, executive, corporate finance, information technology, administrative and acquisition-related costs. Management regularly reviews corporate costs and believes disclosing such information provides more visibility and transparency regarding how the chief operating decision maker reviews results of the Company. The accounting policies of the reportable operating segments are the same as those of the Company.

Subsequent to the end of the third quarter of fiscal 2019, on March 12, 2019, the Company announced certain changes to its business leadership and internal reporting structure that may impact its reportable segments starting in the fourth quarter of fiscal 2019. The Company is in the process of evaluating the impact of these changes on its reportable operating segments and goodwill reporting units.

The following is a summary of certain key financial measures for the respective fiscal periods indicated:

	Three Months Ended								Nine Months Ended
(In millions)	March 2, 2019				March 3, 2018				March 2, 2019				March 3, 2018
Net Sales:
North American Furniture Solutions	$	320.9			$	316.4			$	1,017.8			$	975.3
ELA Furniture Solutions	126.0				102.6				359.9				309.0
Specialty	76.1				72.6				235.0				222.2
Consumer	96.0				86.8				283.5				256.7
Total	$	619.0			$	578.4			$	1,896.2			$	1,763.2
Operating Earnings (Loss):
North American Furniture Solutions	$	37.4			$	37.8			$	128.7			$	131.6
ELA Furniture Solutions	16.3				7.6				40.7				27.3
Specialty	2.8				2.0				10.8				5.7
Consumer	2.3				4.2				6.3				5.5
Corporate	(11.0		)		(12.9		)		(39.6		)		(31.5		)
Total	$	47.8			$	38.7			$	146.9			$	138.6

(In millions)	March 2, 2019				June 2, 2018
Total Assets:
North American Furniture Solutions	$	512.2			$	488.7
ELA Furniture Solutions	372.3				283.4
Specialty	201.6				188.7
Consumer	310.8				291.2
Corporate	132.3				227.5
Total	$	1,529.2			$	1,479.5

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingDisclosureOfEntitysReportableSegmentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration