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Reportable Segment Information
 12 Months Ended
Dec. 31, 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, benching, tables, architectural products, and social collaborative items. The residential building products segment manufactures and markets a full array of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, outdoor fire pits and fire tables, 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:
202220212020
Net Sales:   
Workplace furnishings$1,486.2 $1,434.0 $1,365.7 
Residential building products875.6 750.4 589.7 
Total$2,361.8 $2,184.4 $1,955.4 
Income (Loss) Before Income Taxes:   
Workplace furnishings$3.4 $(0.5)$(5.0)
Residential building products158.7 141.9 109.3 
General corporate(57.3)(55.9)(43.0)
Gain on sale of subsidiary50.4 — — 
Operating income155.2 85.4 61.4 
Interest expense, net8.8 7.2 7.0 
Total$146.4 $78.3 $54.4 
Depreciation and Amortization Expense:   
Workplace furnishings$45.7 $47.8 $44.6 
Residential building products12.6 10.0 9.4 
General corporate25.9 25.3 23.7 
Total$84.2 $83.1 $77.7 
Capital Expenditures (including capitalized software):   
Workplace furnishings$40.4 $34.8 $24.2 
Residential building products16.2 16.1 8.2 
General corporate11.7 15.6 9.4 
Total$68.4 $66.5 $41.8 
Identifiable Assets:   
Workplace furnishings$761.5 $809.0 $762.8 
Residential building products493.0 479.5 381.6 
General corporate160.0 209.5 273.7 
Total$1,414.5 $1,497.9 $1,418.0