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v3.22.1

Operating Segments (Tables) | 12 Months Ended
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May 29, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following is a summary of certain key financial measures for the years indicated:
| Year Ended
(In millions) | May 29, 2021 |  | May 30, 2020 |  | June 1, 2019
Net Sales: |  |  |  |  |
North America Contract | $ | 1,194.0 |  |  | $ | 1,598.2 |  |  | $ | 1,686.5 |
International Contract | 669.0 |  |  | 502.8 |  |  | 492.2 |
Retail | 602.1 |  |  | 385.6 |  |  | 388.5 |
Total | $ | 2,465.1 |  |  | $ | 2,486.6 |  |  | $ | 2,567.2 |
Depreciation and Amortization: |  |  |  |  |
North America Contract | $ | 53.5 |  |  | $ | 46.7 |  |  | $ | 46.8 |
International Contract | 22.1 |  |  | 17.4 |  |  | 10.5 |
Retail | 11.6 |  |  | 14.7 |  |  | 14.1 |
Corporate | — |  |  | 0.7 |  |  | 0.7 |
Total | $ | 87.2 |  |  | $ | 79.5 |  |  | $ | 72.1 |
Operating Earnings (Loss): |  |  |  |  |
North America Contract | $ | 74.1 |  |  | $ | 130.9 |  |  | $ | 189.7 |
International Contract | 93.0 |  |  | 18.2 |  |  | 57.8 |
Retail | 117.2 |  |  | (148.3) |  |  | 5.3 |
Corporate | (53.7) |  |  | (39.2) |  |  | (49.3) |
Total | $ | 230.6 |  |  | $ | (38.4) |  |  | $ | 203.5 |
Capital Expenditures: |  |  |  |  |
North America Contract | $ | 44.9 |  |  | $ | 53.7 |  |  | $ | 52.7 |
International Contract | 10.3 |  |  | 10.4 |  |  | 16.6 |
Retail | 4.6 |  |  | 4.9 |  |  | 16.5 |
Corporate | — |  |  | — |  |  | — |
Total | $ | 59.8 |  |  | $ | 69.0 |  |  | $ | 85.8 |
Total Assets: |  |  |  |  |
North America Contract | $ | 745.3 |  |  | $ | 769.5 |  |  | $ | 733.6 |
International Contract | 572.4 |  |  | 512.5 |  |  | 356.8 |
Retail | 340.1 |  |  | 310.9 |  |  | 310.0 |
Corporate | 404.1 |  |  | 461.0 |  |  | 168.9 |
Total | $ | 2,061.9 |  |  | $ | 2,053.9 |  |  | $ | 1,569.3 |
Goodwill: |  |  |  |  |
North America Contract | $ | 187.4 |  |  | $ | 182.3 |  |  | $ | 185.3 |
International Contract | 176.8 |  |  | 163.7 |  |  | 39.7 |
Retail | — |  |  | — |  |  | 78.8 |
Corporate | — |  |  | — |  |  | — |
Total | $ | 364.2 |  |  | $ | 346.0 |  |  | $ | 303.8 |
Revenue from External Customers by Products and Services | The following is a summary of net sales estimated by product category for the years indicated:
| Year Ended
(In millions) | May 29, 2021 |  | May 30, 2020 |  | June 1, 2019
Net Sales: |  |  |  |  |
Workplace | $ | 854.7 |  |  | $ | 1,135.8 |  |  | $ | 1,201.8 |
Performance Seating | 784.6 |  |  | 646.8 |  |  | 708.5 |
Lifestyle | 689.9 |  |  | 537.5 |  |  | 473.5 |
Other (1) | 135.9 |  |  | 166.5 |  |  | 183.4 |
Total | $ | 2,465.1 |  |  | $ | 2,486.6 |  |  | $ | 2,567.2 |
(1) “Other” primarily consists of uncategorized product sales and service sales. |  |  |  |  |
Schedule of Revenue & Long-Lived Assets by Customer Geographic Area | The following is a summary of geographic information for the years indicated. Individual foreign country information is not provided as none of the individual foreign countries in which the Company operates are considered material for separate disclosure based on quantitative and qualitative considerations.
| Year Ended
(In millions) | May 29, 2021 |  | May 30, 2020 |  | June 1, 2019
Net Sales: |  |  |  |  |
United States | $ | 1,728.9 |  |  | $ | 1,795.8 |  |  | $ | 1,865.8 |
International | 736.2 |  |  | 690.8 |  |  | 701.4 |
Total | $ | 2,465.1 |  |  | $ | 2,486.6 |  |  | $ | 2,567.2 |
Long-lived assets: |  |  |  |  |
United States | $ | 311.1 |  |  | $ | 306.7 |  |  | $ | 422.1 |
International | 70.6 |  |  | 59.6 |  |  | 52.2 |
Total | $ | 381.7 |  |  | $ | 366.3 |  |  | $ | 474.3 |

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- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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