XML 74 R41.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Restructuring and Integration Expense (Tables)

9 Months Ended

Mar. 02, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table provides an analysis of the changes in liability balance for Knoll Integration costs that qualify as exit and disposal costs under U.S. GAAP (i.e., severance and employee benefit costs and exit and disposal activities) for the nine months ended March 2, 2024:

(In millions)			Severance and Employee Benefit						Exit and Disposal Activities						Total
June 3, 2023			$	2.9					$	—					$	2.9
Integration Costs			—						15.3						15.3
Amounts Paid			(2.8)						(10.2)						(13.0)
Non-cash costs			—						(3.9)						(3.9)
March 2, 2024			$	0.1					$	1.2					$	1.3

The following is a summary of integration expenses by segment for the periods indicated:

			Three Months Ended												Nine Months Ended
(In millions)			March 2, 2024						March 4, 2023						March 2, 2024						March 4, 2023
Americas Contract			$	5.8					$	2.2					$	15.3					$	6.2
International Contract & Specialty			1.8						0.5						3.0						2.0
Global Retail			—						—						—						0.2
Corporate			—						1.3						0.1						4.3
Total			$	7.6					$	4.0					$	18.4					$	12.7

The following table provides an analysis of the changes in the restructuring cost reserve for the nine months ended March 2, 2024:

			Severance and Employee-Related
(In millions)			2024 Restructuring Plan						2023 Restructuring Plan
June 3, 2023			$	—					$	7.3
Restructuring Costs			8.7						—
Amounts Paid			(6.4)						(7.0)
March 2, 2024			$	2.3					$	0.3

The following is a summary of restructuring costs by segment for the periods indicated:

			Three Months Ended												Nine Months Ended
(In millions)			March 2, 2024						March 4, 2023						March 2, 2024						March 4, 2023
Americas Contract			$	1.5					$	4.4					$	5.8					$	17.5
International Contract & Specialty			0.1						—						1.6						0.7
Global Retail			0.1						0.2						1.3						1.6
Total			$	1.7					$	4.6					$	8.7					$	19.8

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482017/420-10-50-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2

+ Details

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