XML 23 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Aug. 28, 2021
Aug. 29, 2020
Income Statement [Abstract]    
Net sales $ 789.7 $ 626.8
Cost of sales 512.2 376.8
Gross margin 277.5 250.0
Operating expenses:    
Selling, general and administrative 306.8 139.7
Restructuring expense, net 0.0 (1.2)
Design and research 23.5 16.1
Total operating expenses 330.3 154.6
Operating (loss) earnings (52.8) 95.4
Interest expense 5.6 3.7
Interest and other investment income 0.3 0.4
Other expense (income), net 12.7 (1.7)
(Loss) earnings before income taxes and equity income (70.8) 93.8
Income tax (benefit) expense (10.8) 20.6
Equity income from nonconsolidated affiliates, net of tax 0.1 0.2
Net (loss) earnings (59.9) 73.4
Net income attributable to redeemable noncontrolling interests 1.6 0.4
Net (loss) earnings attributable to Herman Miller, Inc. $ (61.5) $ 73.0
(Loss) Earnings per share — basic (in dollar per share) $ (0.93) $ 1.24
(Loss) Earnings per share — diluted (in dollar per share) $ (0.93) $ 1.24
Other comprehensive income (loss), net of tax:    
Foreign currency translation adjustments $ (16.0) $ 30.1
Pension and post-retirement liability adjustments 2.3 1.2
Unrealized (loss) gains on interest rate swap agreement (1.0) 0.3
Unrealized holding loss on available for sale securities 0.0 (0.1)
Other comprehensive (loss) income, net of tax (14.7) 31.5
Comprehensive (loss) income (74.6) 104.9
Comprehensive income attributable to redeemable noncontrolling interests 2.1 3.0
Comprehensive (loss) income attributable to Herman Miller, Inc. $ (76.7) $ 101.9