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Reportable Segments
3 Months Ended
May 25, 2012
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Reportable Segments
REPORTABLE SEGMENTS
Our reportable segments consist of the Americas segment, the EMEA segment and the Other category. Unallocated corporate expenses are reported as Corporate.
The Americas segment serves customers in the U.S., Canada and Latin America with a portfolio of integrated architecture, furniture and technology products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Turnstone, Details and Nurture by Steelcase brands. In addition, the Coalesse operating segment has been aggregated with the Americas.
The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase brand, with an emphasis on freestanding furniture systems, storage and seating solutions.
The Other category includes Asia Pacific, PolyVision and Designtex. Asia Pacific serves customers in Asia and Australia primarily under the Steelcase brand with an emphasis on freestanding furniture systems, storage and seating solutions. PolyVision designs and distributes visual communication products, such as interactive electronic whiteboards. PolyVision also manufactures steel and ceramic surfaces for use in multiple applications, but primarily for sale to third-party fabricators to create static whiteboards sold in the primary and secondary education markets in the U.S. and Europe. Designtex designs and sells surface materials including textiles and wall coverings which are specified by architects and designers directly to end-use customers primarily in North America.
Corporate costs include portions of shared service functions such as information technology, human resources, finance, executive, corporate facilities, legal and research. Approximately 84% and 82% of corporate expenses were charged to the operating segments in Q1 2013 and Q1 2012, respectively, as part of a corporate allocation.
Revenue and operating income (loss) for the three months ended May 25, 2012 and total assets as of May 25, 2012 and February 24, 2012 by segment are presented below:
 
Three Months Ended
Reportable Segment Statement of Operations Data
May 25,
2012
 
May 27,
2011
Revenue
 

 
 

Americas
$
474.6

 
$
408.5

EMEA
127.5

 
153.9

Other
73.1

 
77.0

 
$
675.2

 
$
639.4

Operating income (loss)
 

 
 

Americas
$
37.7

 
$
21.1

EMEA
(8.0
)
 
(0.1
)
Other
(3.4
)
 
2.6

Corporate
(7.0
)
 
(8.6
)
 
$
19.3

 
$
15.0


Reportable Segment Balance Sheet Data
May 25,
2012
 
February 24,
2012
Total assets
 

 
 

Americas
$
883.5

 
$
858.3

EMEA
311.5

 
323.5

Other
201.2

 
206.2

Corporate
267.2

 
313.0

 
$
1,663.4

 
$
1,701.0