XML 59 R16.htm IDEA: XBRL DOCUMENT v3.20.2
Common Stock and Per Share Information
 12 Months Ended
May 30, 2020
Earnings Per Share [Abstract]  
Common Stock and Earnings Per Share Common Stock and Per Share Information
The following table reconciles the numerators and denominators used in the calculations of basic and diluted EPS for each of the last three fiscal years:
(In millions, except shares)
2020
 
2019
 
2018
Numerator:
 
 
 
 
 
Numerator for both basic and diluted EPS, Net (loss) earnings attributable to Herman Miller, Inc.
$
(9.1
)
 
$
160.5

 
$
128.1

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Denominator for basic EPS, weighted-average common shares outstanding
58,920,653

 
59,011,945

 
59,681,268

Potentially dilutive shares resulting from stock plans
—

 
369,846

 
630,037

Denominator for diluted EPS
58,920,653

 
59,381,791

 
60,311,305



Equity awards of 142,224 shares, 218,037 shares and 348,089 shares of common stock were excluded from the denominator for the computation of diluted earnings per share for the fiscal years ended May 30, 2020, June 1, 2019 and June 2, 2018, respectively, because they were anti-dilutive.

Common Stock
The Company has a share repurchase plan authorized by the Board of Directors on January 16, 2019, which provides a share repurchase authorization of $250.0 million with no specified expiration date. The approximate dollar value of shares available for purchase under the plan at May 30, 2020 was $237.6 million. During fiscal year 2020, 2019, and 2018, shares repurchased and retired under the current and past repurchase plans totaled 641,192, 1,326,023, and 1,356,156 shares respectively.