XML 56 R43.htm IDEA: XBRL DOCUMENT v3.6.0.2
Reportable Segment Information (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Business Segment Information
Reportable segment data reconciled to the consolidated financial statements for the years ended 2016, 2015, and 2014, is as follows for continuing operations:

(In thousands)
2016

 
2015

 
2014

Net sales:
 
 
 
 
 
Office furniture
$
1,703,885

 
$
1,777,804

 
$
1,739,049

Hearth products
499,604

 
526,615

 
483,646

 
$
2,203,489

 
$
2,304,419

 
$
2,222,695

Operating profit:
 

 
 

 
 

Office furniture (a)
$
117,397

 
$
136,593

 
$
87,053

Hearth products (b)
69,960

 
78,162

 
77,066

Total operating profit
187,357

 
214,755

 
164,119

Unallocated corporate expenses
(58,446
)
 
(57,585
)
 
(59,188
)
Income (loss) before income taxes
$
128,911

 
$
157,170

 
$
104,931

Depreciation and amortization expense:
 

 
 

 
 

Office furniture
$
45,088

 
$
42,415

 
$
45,891

Hearth products
12,486

 
8,430

 
5,415

General corporate
11,373

 
6,719

 
5,416

 
$
68,947

 
$
57,564

 
$
56,722

Capital expenditures (including capitalized software):
 

 
 

 
 

Office furniture
$
65,944

 
$
64,850

 
$
62,696

Hearth products
11,217

 
11,078

 
6,342

General corporate
42,423

 
39,038

 
43,675

 
$
119,584

 
$
114,966

 
$
112,713

Identifiable assets:
 

 
 

 
 

Office furniture
$
749,145

 
$
739,915

 
$
724,293

Hearth products
340,494

 
341,813

 
341,315

General corporate
240,595

 
182,197

 
173,726

 
$
1,330,234

 
$
1,263,925

 
$
1,239,334

(a)
Included in operating profit for the office furniture segment are pretax charges of $10.9 million, $11.6 million and $38.2 million, for closing of facilities and impairment charges in 2016, 2015 and 2014, respectively.
(b)
Included in operating profit for the hearth products segment are pretax charges of $5.5 million for closing a facility in 2016 and $0.9 million related to exiting a line of business in 2015.
Net Sales by Product Category
The Corporation's net sales by product category were as follows for the years ended 2016, 2015 and 2014:
(in thousands)
2016

 
2015

 
2014

Systems and storage

$904,748

 

$1,140,369

 

$1,156,170

Seating
707,609

 
561,392

 
498,389

Other
91,528

 
76,043

 
84,490

Hearth products
499,604

 
526,615

 
483,646

 

$2,203,489

 

$2,304,419

 

$2,222,695