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Business Segments
 6 Months Ended
Jun. 18, 2016
Segment Reporting [Abstract]  
Business Segments
BUSINESS SEGMENTS
During the first quarter of fiscal 2016, the Company’s portfolio of brands was realigned into the following four operating segments, which the Company has determined to be reportable operating segments.
•
Wolverine Outdoor & Lifestyle Group, consisting of Merrell® footwear and apparel, Cat® footwear, Hush Puppies® footwear and apparel, Chaco® footwear, Sebago® footwear and apparel and Cushe® footwear;
•
Wolverine Boston Group, consisting of Sperry® footwear and apparel, Saucony® footwear and apparel and Keds® footwear and apparel;
•
Wolverine Heritage Group, consisting of Wolverine® footwear and apparel, Bates® uniform footwear, Harley-Davidson® footwear and HyTest® safety footwear; and
•
Wolverine Multi-Brand Group, consisting of Stride Rite® footwear and apparel and the Company's multi-brand consumer-direct businesses.
The reportable segments are engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. Reported revenue for the reportable operating segments includes revenue from the sale of branded footwear, apparel and accessories to third-party customers; revenue from third-party licensees and distributors; and revenue from the Company’s consumer-direct businesses.
The Company also reports “Other” and “Corporate” categories. The Other category consists of the Company’s leather marketing operations and sourcing operations that include third-party commission revenues. The Corporate category consists of unallocated corporate expenses, including restructuring and impairment costs. The Company’s operating segments are determined based on how the Company internally reports and evaluates financial information used to make operating decisions. The operating segment managers all report directly to the chief operating decision maker.
Company management uses various financial measures to evaluate the performance of the reportable operating segments. The following is a summary of certain key financial measures for the respective fiscal periods indicated. All prior period amounts have been restated to reflect the new reportable operating segments.
 
12 Weeks Ended
 
24 Weeks Ended
(In millions)
June 18,
2016
 
June 20,
2015
 
June 18,
2016
 
June 20,
2015
Revenue:
 
 
 
 
 
 
 
Wolverine Outdoor & Lifestyle Group
$
203.0

 
$
210.3

 
$
420.7

 
$
441.4

Wolverine Boston Group
218.2

 
240.7

 
427.3

 
475.0

Wolverine Heritage Group
74.2

 
79.2

 
146.0

 
160.6

Wolverine Multi-Brand Group
69.7

 
81.5

 
138.1

 
153.4

Other
18.6

 
18.4

 
29.2

 
31.1

Total
$
583.7

 
$
630.1

 
$
1,161.3

 
$
1,261.5

Operating profit (loss):
 
 
 
 
 
 
 
Wolverine Outdoor & Lifestyle Group
$
34.7

 
$
35.9

 
$
83.5

 
$
90.6

Wolverine Boston Group
30.9

 
39.3

 
58.6

 
76.6

Wolverine Heritage Group
8.3

 
11.0

 
16.8

 
22.8

Wolverine Multi-Brand Group
2.6

 
4.2

 
1.2

 
2.5

Other
1.6

 
1.1

 
2.1

 
2.3

Corporate
(36.3
)
 
(43.9
)
 
(86.4
)
 
(83.6
)
Total
$
41.8

 
$
47.6

 
$
75.8

 
$
111.2


(In millions)
June 18,
2016
 
January 2,
2016
 
June 20,
2015
Total assets:
 
 
 
 
 
Wolverine Outdoor & Lifestyle Group
$
455.8

 
$
444.2

 
$
466.4

Wolverine Boston Group
1,337.0

 
1,324.2

 
1,354.8

Wolverine Heritage Group
148.8

 
169.9

 
162.5

Wolverine Multi-Brand Group
189.4

 
204.3

 
214.3

Other
28.3

 
23.9

 
27.1

Corporate
294.2

 
267.9

 
317.9

Total
$
2,453.5

 
$
2,434.4

 
$
2,543.0

Goodwill:
 
 
 
 
 
Wolverine Outdoor & Lifestyle Group
$
129.9

 
$
130.4

 
$
131.9

Wolverine Boston Group
259.5

 
256.2

 
262.1

Wolverine Heritage Group
16.5

 
16.5

 
16.5

Wolverine Multi-Brand Group
26.0

 
26.0

 
26.0

Total
$
431.9

 
$
429.1

 
$
436.5