Reportable Segment Information

Management views the Corporation as being in two reportable segments based on industries: office furniture and hearth products, with the former being the principal business segment.

The aggregated office furniture segment manufactures and markets a broad line of metal and wood commercial and home office furniture which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products. The hearth products segment manufactures and markets a broad line of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings, and accessories, principally for the home.

For purposes of segment reporting, intercompany sales between segments are not material, and operating profit is income before income taxes exclusive of certain unallocated corporate expenses. These unallocated corporate expenses include the net costs of the Corporation's corporate operations, interest income, and interest expense. Management views interest income and expense as corporate financing costs and not as a reportable segment cost. In addition, management applies an effective income tax rate to its consolidated income before income taxes so income taxes are not reported or viewed internally on a segment basis. Identifiable assets by segment are those assets applicable to the respective industry segments. Corporate assets consist principally of cash and cash equivalents, short-term investments, long-term investments, and corporate office real estate and related equipment.

No geographic information for revenues from external customers or for long-lived assets is disclosed since the Corporation's primary market and capital investments are concentrated in the United States.

Reportable segment data reconciled to the Corporation's condensed consolidated financial statements is as follows (in thousands):



	Three Months Ended						Nine Months Ended
	September 30, 2017			October 1, 2016			September 30, 2017			October 1, 2016
Net Sales:
Office furniture	$	465,312		$	454,946		$	1,231,737		$	1,270,398
Hearth products	134,143			129,683			359,870			351,806
Total	$	599,455		$	584,629		$	1,591,607		$	1,622,204

Income Before Income Taxes:
Office furniture	$	39,729		$	44,729		$	65,856		$	109,396
Hearth products	28,737			19,108			52,651			41,623
General corporate	(12,511		)	(13,188		)	(34,966		)	(37,686		)
Total	$	55,955		$	50,649		$	83,541		$	113,333

Depreciation and Amortization Expense:
Office furniture	$	12,132		$	10,889		$	37,515		$	32,709
Hearth products	1,973			3,034			8,167			9,012
General corporate	3,955			3,354			8,842			7,187
Total	$	18,060		$	17,277		$	54,524		$	48,908

Capital Expenditures (including capitalized software):
Office furniture	$	27,102		$	13,875		$	64,467		$	43,923
Hearth products	5,606			1,957			12,818			8,969
General corporate	7,095			10,811			26,606			29,607
Total	$	39,803		$	26,643		$	103,891		$	82,499


							As of September 30, 2017			As of December 31, 2016
Identifiable Assets:
Office furniture							$	838,094		$	749,145
Hearth products							361,241			340,494
General corporate							226,081			240,595
Total							$	1,425,416		$	1,330,234