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Reportable Segment Information
 12 Months Ended
Jan. 01, 2022
Segment Reporting [Abstract]  
Reportable Segment Information Reportable Segment Information
Management views the Corporation as two reportable segments based on industries: workplace furnishings and residential building products.

The aggregated workplace furnishings segment manufactures and markets a broad line of commercial and home office furniture which includes panel-based and freestanding furniture systems, seating, storage, tables, and architectural products.  The residential building products segment manufactures and markets a full array of gas, wood, electric, and pellet fueled fireplaces, inserts, stoves, facings, and accessories.

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 general corporate expenses include the net costs of the Corporation’s corporate operations.  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, IT infrastructure, 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 consolidated financial statements was as follows (in thousands):
202120202019
Net Sales:   
Workplace furnishings$1,433,985 $1,365,711 $1,697,186 
Residential building products750,423 589,652 549,761 
Total$2,184,408 $1,955,363 $2,246,947 
Income (Loss) Before Income Taxes:   
Workplace furnishings$(539)$(4,972)$103,894 
Residential building products141,871 109,321 94,329 
General corporate(55,912)(42,974)(46,881)
Operating income85,420 61,375 151,342 
Interest expense, net7,153 6,990 8,628 
Total$78,267 $54,385 $142,714 
Depreciation and Amortization Expense:   
Workplace furnishings$47,838 $44,615 $44,887 
Residential building products10,001 9,386 8,884 
General corporate25,307 23,682 23,656 
Total$83,146 $77,683 $77,427 
Capital Expenditures (including capitalized software):   
Workplace furnishings$34,809 $24,188 $41,137 
Residential building products16,091 8,213 12,225 
General corporate15,648 9,401 13,523 
Total$66,548 $41,802 $66,885 
Identifiable Assets:   
Workplace furnishings$808,963 $762,780 $874,913 
Residential building products479,462 381,550 364,653 
General corporate209,472 273,702 212,946 
Total$1,497,897 $1,418,032 $1,452,512