XML 19 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Aug. 29, 2020
Aug. 31, 2019
Income Statement [Abstract]    
Net sales $ 626.8 $ 670.9
Cost of sales 376.8 424.8
Gross margin 250.0 246.1
Operating expenses:    
Selling, general and administrative 139.7 165.0
Restructuring expense, net (1.2) 1.8
Design and research 16.1 19.2
Total operating expenses 154.6 186.0
Operating earnings 95.4 60.1
Interest expense 3.7 3.0
Interest and other investment income 0.4 0.7
Other income, net (1.7) (0.2)
Earnings before income taxes and equity income 93.8 58.0
Income tax expense 20.6 12.2
Equity income from nonconsolidated affiliates, net of tax 0.2 2.2
Net earnings 73.4 48.0
Net income attributable to redeemable noncontrolling interests 0.4 (0.2)
Net earnings attributable to Herman Miller, Inc. $ 73.0 $ 48.2
Earnings per share — basic $ 1.24 $ 0.82
Earnings per share — diluted $ 1.24 $ 0.81
Other comprehensive income (loss), net of tax    
Foreign currency translation adjustments $ 30.1 $ (9.3)
Pension and post-retirement liability adjustments 1.2 0.7
Unrealized gains (losses) on interest rate swap agreement (0.3) (8.8)
Unrealized holding loss on available for sale securities (0.1) 0.0
Other comprehensive (loss) income, net of tax 31.5 (17.4)
Comprehensive income 104.9 30.6
Comprehensive income (loss) attributable to redeemable noncontrolling interests 3.0 (0.2)
Comprehensive income attributable to Herman Miller, Inc. $ 101.9 $ 30.8