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Revenue from Contracts with Customers | 3 Months Ended
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Aug. 28, 2021
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Revenue from Contracts with Customers Disaggregated Revenue Revenue disaggregated by contract type is provided in the table below:
| Three Months Ended |  |
(In millions) | August 28, 2021 |  | August 29, 2020 |  |  |  |
Net Sales: |  |  |  |  |  |  |
Single performance obligation |  |  |  |  |  |  |
Product revenue | $ | 736.3 |  |  | $ | 543.3 |  |  |  |  |
Multiple performance obligations |  |  |  |  |  |  |
Product revenue | 49.6 |  |  | 78.4 |  |  |  |  |
Service revenue | 1.9 |  |  | 3.1 |  |  |  |  |
Other | 1.9 |  |  | 2.0 |  |  |  |  |
Total | $ | 789.7 |  |  | $ | 626.8 |  |  |  |  |
The Company internally reports and evaluates products based on the categories Workplace, Performance Seating, Lifestyle and Other. A description of these categories is included below. The Workplace category includes products centered on creating highly functional and productive settings for both groups and individuals. This category focuses on the development of products, beyond seating, that define boundaries, support work and enable productivity. The Performance Seating category includes products centered on seating ergonomics, productivity and function across an evolving and diverse range of settings. This category focuses on the development of ergonomic seating solutions for specific use cases requiring more than basic utility. The Lifestyle category includes products focused on bringing spaces to life through beautiful yet functional products. This category focuses on the development of products that support a way of living, in thoughtful yet elevated ways. The products in this category help create emotive and visually appealing spaces via a portfolio that offers diversity in aesthetics, price and performance. Revenue disaggregated by product type and reportable segment is provided in the table below:
| Three Months Ended |  |
(In millions) | August 28, 2021 |  | August 29, 2020 |  |  |  |
Americas Contract: |  |  |  |  |  |  |
Workplace | $ | 176.4 |  |  | $ | 213.7 |  |  |  |  |
Performance Seating | 84.9 |  |  | 86.7 |  |  |  |  |
Lifestyle | 32.7 |  |  | 32.8 |  |  |  |  |
Other | 31.3 |  |  | 36.9 |  |  |  |  |
Total Americas Contract | $ | 325.3 |  |  | $ | 370.1 |  |  |  |  |
International Contract: |  |  |  |  |  |  |
Workplace | $ | 25.7 |  |  | $ | 31.7 |  |  |  |  |
Performance Seating | 49.2 |  |  | 43.7 |  |  |  |  |
Lifestyle | 22.5 |  |  | 17.8 |  |  |  |  |
Other | 1.6 |  |  | 0.8 |  |  |  |  |
Total International Contract | $ | 99.0 |  |  | $ | 94.0 |  |  |  |  |
Retail: |  |  |  |  |  |  |
Workplace | $ | 3.5 |  |  | $ | 2.3 |  |  |  |  |
Performance Seating | 61.1 |  |  | 57.6 |  |  |  |  |
Lifestyle | 147.6 |  |  | 103.0 |  |  |  |  |
Other | 0.4 |  |  | (0.2) |  |  |  |  |
Total Retail | $ | 212.6 |  |  | $ | 162.7 |  |  |  |  |
Knoll: |  |  |  |  |  |  |
Workplace | $ | 75.2 |  |  | $ | — |  |  |  |  |
Performance Seating | 12.1 |  |  | — |  |  |  |  |
Lifestyle | 56.4 |  |  | — |  |  |  |  |
Other | 12.7 |  |  | — |  |  |  |  |
Total Knoll | $ | 156.4 |  |  | $ | — |  |  |  |  |
Intersegment sales elimination | $ | (3.6) |  |  | $ | — |  |  |  |  |
Total | $ | 789.7 |  |  | $ | 626.8 |  |  |  |  |
Refer to Note 16 of the Condensed Consolidated Financial Statements for further information related to our reportable segments. Contract Balances Customers may make payments before the satisfaction of the Company's performance obligation and recognition of revenue. These payments represent contract liabilities and are included within the caption “Customer deposits” in the Condensed Consolidated Balance Sheets. During the three months ended August 28, 2021 and August 29, 2020, the Company recognized Net sales of $41.1 million and $18.1 million related to customer deposits that were included in the balance sheet as of May 29, 2021 and May 30, 2020, respectively. The Company assumed a contract liability of $55.5 million related to the acquisition of Knoll, Inc on July 19, 2021.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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