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Operating Segments
 9 Months Ended
Mar. 01, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Operating Segments Operating Segments
Effective on March 1, 2025, the last day of the third quarter of fiscal year 2025 the Company implemented an organizational change that resulted in a change in reportable segments. The Company has restated historical results to reflect this change. As more fully described in Note 1 of the Condensed Consolidated Financial Statements, under our new reportable segments, there are three reportable segments consisting of North America Contract, International Contract and Global Retail.
The North America Contract segment includes the operations associated with the design, sourcing, manufacture and sale of furniture products directly or indirectly through an independent dealership network for office, healthcare, and educational environments throughout the United States and Canada as well as the global operations of the Spinneybeck|FilzFelt, Maharam, Edelman, and Knoll Textile brands.
The International Contract segment includes the operations associated with the design, sourcing, manufacture and sale of furniture products, indirectly or directly through an independent dealership network in Europe, the Middle East, Africa, Asia-Pacific and Latin America.
The Global Retail segment includes global operations associated with the sale of modern design furnishings and accessories to third party retailers, as well as direct to consumer sales through eCommerce, direct-mail catalogs, and physical retail stores, along with the global operations of the Holly Hunt brand.
The Company also reports a “Corporate” category consisting primarily of unallocated expenses related to general corporate functions, including, but not limited to, certain legal, executive, corporate finance, information technology, administrative and acquisition-related costs. Management regularly reviews corporate costs and believes disclosing such information provides more visibility and transparency regarding how the chief operating decision maker reviews results of the Company. The accounting policies of the operating segments are the same as those of the Company.
The following is a summary of certain key financial measures for the respective periods indicated:
Three Months EndedNine Months Ended
(In millions)March 1, 2025March 2, 2024March 1, 2025March 2, 2024
Net Sales:
North America Contract$468.2 $461.7 $1,469.1 $1,481.2 
International Contract145.5 153.1 474.3 471.9 
Global Retail262.5 257.5 764.7 786.4 
Total$876.2 $872.3 $2,708.1 $2,739.5 
Operating Earnings (Loss):
North America Contract$17.0 $25.5 $82.6 $106.5 
International Contract9.9 17.5 41.6 42.7 
Global Retail(94.4)12.1 (80.8)34.5 
Total reportable segments$(67.5)$55.1 $43.4 $183.7 
Corporate(14.7)(12.3)(47.9)(40.2)
Total$(82.2)$42.8 $(4.5)$143.5 
Many of the Company's assets, including manufacturing, office and showroom facilities, support multiple segments. For that reason, it is impractical to disclose asset information on a segment basis.