XML 46 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Reportable Segments
9 Months Ended
Nov. 22, 2013
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, Coalesse, Details, Nurture by Steelcase and Turnstone brands.
The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase and Coalesse brands, with an emphasis on freestanding furniture systems, storage and seating solutions.
The Other category includes Asia Pacific, Designtex and PolyVision. Asia Pacific serves customers in Asia and Australia primarily under the Steelcase brand with an emphasis on freestanding furniture systems, storage and seating solutions. 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. PolyVision manufactures ceramic steel 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.
Corporate costs include unallocated portions of shared service functions such as information technology, human resources, finance, executive, corporate facilities, legal and research.
Revenue and operating income (loss) for the three and nine months ended November 22, 2013 and November 23, 2012 and total assets as of November 22, 2013 and February 22, 2013 by segment are presented below:
 
Three Months Ended
Nine Months Ended
Reportable Segment Statement of Operations Data
November 22,
2013
November 23,
2012
November 22,
2013
November 23,
2012
Revenue
 

 
 

 
 
 
 
 
Americas
$
558.5

 
$
503.2

 
$
1,596.0

 
$
1,522.2

 
EMEA
158.0

 
157.1

 
417.1

 
426.3

 
Other
68.3

 
66.9

 
196.4

 
198.8

 
 
$
784.8

 
$
727.2

 
$
2,209.5

 
$
2,147.3

 
Operating income (loss)
 

 
 

 
 

 
 

 
Americas
$
66.6

 
$
42.1

 
$
183.6

 
$
134.0

 
EMEA
(3.7
)
 
0.8

 
(29.1
)
 
(12.4
)
 
Other
(13.6
)
 
2.1

 
(10.6
)
 
4.9

 
Corporate
(10.0
)
 
(6.6
)
 
(32.2
)
 
(22.0
)
 
 
$
39.3

 
$
38.4

 
$
111.7

 
$
104.5

 

Reportable Segment Balance Sheet Data
November 22,
2013
February 22,
2013
Total assets
 

 
 

 
Americas
$
961.2

 
$
876.6

 
EMEA
284.4

 
278.1

 
Other
162.8

 
155.9

 
Corporate
367.4

 
379.0

 
 
$
1,775.8

 
$
1,689.6