XML 53 R42.htm IDEA: XBRL DOCUMENT v3.22.1

Operating Segments (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration