XML 24 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Deferred Compensation Plan
MillerKnoll, Inc. Stockholders' Equity
Balance at beginning of period (in shares) at May. 30, 2020   58,793,275          
Balance at beginning of period at May. 30, 2020   $ 11.8 $ 81.6 $ 683.9 $ (134.0) $ (0.3) $ 643.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings       73.0     73.0
Other comprehensive income, net of tax         28.9   28.9
Stock-based compensation expense     1.5       1.5
Exercise of stock options (in shares)   8,133          
Exercise of stock options     0.2       0.2
Restricted and performance stock units released (in shares)   106,607          
Restricted and performance stock units released             0.0
Employee stock purchase plan issuances (in shares)   25,116          
Employee stock purchase plan issuances     0.6       0.6
Repurchase and retirement of common stock (in shares)   (36,644)          
Repurchase and retirement of common stock     (0.9)       (0.9)
Directors fees (in shares)   3,013          
Directors Fees     0.1       0.1
Balance at end of period (in shares) at Aug. 29, 2020   58,899,500          
Balance at end of period at Aug. 29, 2020   $ 11.8 83.1 756.9 (105.1) (0.3) 746.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings       51.3     51.3
Other comprehensive income, net of tax         7.0   7.0
Stock-based compensation expense     2.4       2.4
Exercise of stock options (in shares)   54,771          
Exercise of stock options     1.9       1.9
Restricted and performance stock units released (in shares)   3,688          
Restricted and performance stock units released             0.0
Employee stock purchase plan issuances (in shares)   14,880          
Employee stock purchase plan issuances     0.4       0.4
Repurchase and retirement of common stock (in shares)   (1,198)          
Repurchase and retirement of common stock             0.0
Dividends declared       (11.1)     (11.1)
Balance at end of period (in shares) at Nov. 28, 2020   58,971,641          
Balance at end of period at Nov. 28, 2020   $ 11.8 87.8 797.1 (98.1) (0.3) 798.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings       41.5     41.5
Other comprehensive income, net of tax         18.3   18.3
Stock-based compensation expense     2.2       2.2
Exercise of stock options (in shares)   10,628          
Exercise of stock options     0.1       0.1
Restricted and performance stock units released (in shares)   1,736          
Restricted and performance stock units released     0.1       0.1
Employee stock purchase plan issuances (in shares)   17,709          
Employee stock purchase plan issuances     0.6       0.6
Repurchase and retirement of common stock (in shares)   (579)          
Repurchase and retirement of common stock             0.0
Deferred compensation plan           0.1 0.1
Dividends declared       (11.1)     (11.1)
Balance at end of period (in shares) at Feb. 27, 2021   59,001,135          
Balance at end of period at Feb. 27, 2021   $ 11.8 90.8 827.5 (79.8) (0.2) 850.1
Balance at beginning of period (in shares) at May. 29, 2021 59,029,165 59,029,165          
Balance at beginning of period at May. 29, 2021   $ 11.8 94.7 808.4 (65.1) (0.2) 849.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings       (61.5)     (61.5)
Other comprehensive income, net of tax         (15.2)   (15.2)
Stock-based compensation expense     15.1       15.1
Exercise of stock options (in shares)   49,584          
Exercise of stock options     1.3       1.3
Restricted and performance stock units released (in shares)   358,016          
Restricted and performance stock units released             0.0
Employee stock purchase plan issuances (in shares)   19,020          
Employee stock purchase plan issuances     0.7       0.7
Repurchase and retirement of common stock (in shares)   (267,522)          
Repurchase and retirement of common stock     (11.0)       (11.0)
Shares issued for the acquisition of Knoll (in shares)   15,843,921          
Shares issued for the acquisition of Knoll   $ 3.2 685.1       688.3
Pre-combination expense from Knoll rollover (in shares)   751,907          
Pre-combination expense from Knoll rollover   $ 0.2 22.4       22.6
Dividends declared       (14.3)     (14.3)
Balance at end of period (in shares) at Aug. 28, 2021   75,784,091          
Balance at end of period at Aug. 28, 2021   $ 15.2 808.3 732.6 (80.3) (0.2) 1,475.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings       (3.4)     (3.4)
Other comprehensive income, net of tax         (27.8)   (27.8)
Stock-based compensation expense     7.0       7.0
Exercise of stock options (in shares)   52,697          
Exercise of stock options     1.5       1.5
Restricted and performance stock units released (in shares)   91,443          
Restricted and performance stock units released     0.2       0.2
Employee stock purchase plan issuances (in shares)   18,813          
Employee stock purchase plan issuances     0.6       0.6
Repurchase and retirement of common stock (in shares)   (76,246)          
Repurchase and retirement of common stock     (3.3)       (3.3)
Forfeiture of shares (in shares)   (130,410)          
Forfeiture of shares   $ (0.1)         (0.1)
NCI Adjustment     0.5       0.5
Dividends declared       (14.4)     (14.4)
Balance at end of period (in shares) at Nov. 27, 2021   75,740,388          
Balance at end of period at Nov. 27, 2021   $ 15.1 814.8 714.8 (108.1) (0.2) 1,436.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings       12.6     12.6
Other comprehensive income, net of tax         15.1   15.1
Stock-based compensation expense     4.9       4.9
Exercise of stock options (in shares)   11,053          
Exercise of stock options     0.3       0.3
Restricted and performance stock units released (in shares)   45,417          
Restricted and performance stock units released             0.0
Employee stock purchase plan issuances (in shares)   20,437          
Employee stock purchase plan issuances     0.7       0.7
Repurchase and retirement of common stock (in shares)   (41,346)          
Repurchase and retirement of common stock     (1.6)       (1.6)
Directors fees (in shares)   23,255          
Directors Fees   $ 0.1 1.5       1.6
Deferred compensation plan           0.2 0.2
Forfeiture of shares (in shares)   (652)          
Forfeiture of shares             0.0
Dividends declared       (14.3)     (14.3)
Balance at end of period (in shares) at Feb. 26, 2022 75,798,552 75,798,552          
Balance at end of period at Feb. 26, 2022   $ 15.2 $ 820.6 $ 713.1 $ (93.0) $ 0.0 $ 1,455.9