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Reportable Segment Information
 12 Months Ended
Dec. 28, 2024
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 designs, manufactures, and markets a broad line of commercial office furniture which includes panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, social collaborative items, ancillary products, and hospitality products. 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.

The Corporation's chief operating decision maker ("CODM") is the Chairman, President, and Chief Executive Officer. On a regular basis the CODM receives a reporting package that includes summarized financial results of the Corporation and its underlying operating segments. In evaluating the performance of the segments and making resource allocation decisions across the organization, the CODM is primarily focused on operating income, including analysis of trends, budget-to-actual variances, and performance against historical comparable periods.
Reportable segment data reconciled to the Corporation’s consolidated financial statements was as follows:
202420232022
Net Sales:   
Workplace furnishings$1,888.0 $1,740.3 $1,486.2 
Residential building products638.4 693.7 875.6 
Total$2,526.4 $2,434.0 $2,361.8 
Cost of Sales:
Workplace furnishings$1,140.6 $1,091.8 $1,017.7 
Residential building products352.4 393.9 509.2 
Total$1,493.0 $1,485.7 $1,526.9 
Selling and Administrative Expenses:
Workplace furnishings$573.3 $537.3 $459.4 
Residential building products174.0 183.2 207.7 
General corporate73.4 92.6 56.3 
Total$820.7 $813.2 $723.4 
Restructuring and Impairment Charges:
Workplace furnishings$5.1 $42.5 $5.7 
Residential building products1.1 — — 
General corporate— 2.3 1.0 
Total$6.2 $44.8 $6.7 
Operating Income (Loss):   
Workplace furnishings$169.1 $68.6 $3.4 
Residential building products110.8 116.6 158.7 
General corporate(73.4)(94.9)(57.3)
Gain on sale of subsidiary— — 50.4 
Total206.5 90.3 155.2 
Interest Expense, Net27.2 25.5 8.8 
Income Before Income Taxes$179.3 $64.8 $146.4 
Depreciation and Amortization Expense:   
Workplace furnishings$73.5 $59.5 $45.7 
Residential building products14.3 13.7 12.6 
General corporate20.1 21.6 25.9 
Total$107.8 $94.9 $84.2 
Capital Expenditures (including capitalized software):   
Workplace furnishings$36.2 $62.7 $40.4 
Residential building products8.2 12.6 16.2 
General corporate8.4 3.7 11.7 
Total$52.9 $79.1 $68.4 
Identifiable Assets:   
Workplace furnishings$1,282.6 $1,311.4 $761.5 
Residential building products465.8 467.1 493.0 
General corporate126.7 150.3 160.0 
Total$1,875.1 $1,928.8 $1,414.5