Operating Segments

3 Months Ended

Sep. 01, 2018

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

The company's reportable segments consist of North American Furniture Solutions, ELA ("EMEA, Latin America, and Asia Pacific") Furniture Solutions, Specialty and Consumer. The North American Furniture Solutions segment includes the operations associated with the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, throughout the United States and Canada. The business associated with the company's owned contract furniture dealers is also included in the North American Furniture Solutions segment. The ELA Furniture Solutions segment includes EMEA, Latin America and Asia-Pacific. ELA includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in these geographic regions. The Specialty segment includes the operations associated with the design, manufacture, and sale of high-craft furniture products and textiles including Geiger wood products, Maharam textiles, Nemschoff and Herman Miller Collection products. The Consumer segment includes operations associated with the sale of modern design furnishings and accessories to third party retail distributors, as well as direct to consumer sales through eCommerce and Design Within Reach retail studios.

The company also reports a “Corporate” category consisting primarily of unallocated expenses related to general corporate functions, including, but not limited to, certain legal, executive, corporate finance, information technology, administrative and acquisition-related costs. Management regularly reviews corporate costs and believes disclosing such information provides more visibility and transparency regarding how the chief operating decision maker reviews results of the Company. The accounting policies of the reportable operating segments are the same as those of the company.

The following is a summary of certain key financial measures for the respective fiscal periods indicated.



	Three Months Ended
(In millions)	September 1, 2018			September 2, 2017
Net Sales:
North American Furniture Solutions	$	343.7		$	328.6
ELA Furniture Solutions	115.4			93.4
Specialty	77.3			75.1
Consumer	88.2			83.2
Total	$	624.6		$	580.3

Operating Earnings (Loss):
North American Furniture Solutions	$	45.0		$	48.7
ELA Furniture Solutions	10.5			7.0
Specialty	3.1			1.6
Consumer	2.1			0.3
Corporate	(14.7		)	(8.1		)
Total	$	46.0		$	49.5



(In millions)	September 1, 2018		June 2, 2018
Total Assets:
North American Furniture Solutions	$	506.1	$	488.7
ELA Furniture Solutions	347.4		283.4
Specialty	190.8		188.7
Consumer	294.8		291.2
Corporate	124.6		227.5
Total	$	1,463.7	$	1,479.5