Revenue from Contracts with Customers (Tables)

3 Months Ended

Sep. 01, 2018

Revenue from Contract with Customer [Abstract]

Schedule of Cumulative Impact, Revenue

The cumulative impact to our Condensed Consolidated Balance Sheet as of June 3, 2018 was as follows:

	Balance at		Adjustments due			Balance at
(In millions)	June 2, 2018		to ASC 606			June 3, 2018
Balance Sheet
Assets:
Unbilled accounts receivable	$	1.9	$	11.1		$	13.0
Inventories, net	162.4		(7.1		)	155.3
Liabilities:
Accrued compensation and benefits	86.3		0.2			86.5
Other accrued liabilities	77.0		1.9			78.9
Equity:
Retained earnings	598.3		1.9			600.2

	For the period ended September 1, 2018
(In millions)	As reported		Performance Obligation Change			Gross vs. Net Change			Legacy GAAP
Statement of Comprehensive Income
Net sales	$	624.6	$	(10.7	)	$	(8.5	)	$	605.4
Cost of sales	399.5		(5.8		)	(8.5		)	385.2
Gross margin	225.1		(4.9		)				220.2
Total operating expenses	179.1		(0.1		)				179.0
Operating earnings	46.0		(4.8		)				41.2
Income tax expense	8.9		(1.1		)				7.8
Net earnings	35.9		(3.7		)				32.2

	For the period ended September 1, 2018
(In millions)	As reported		Performance Obligation Change		Gross vs. Net Change	Legacy GAAP
Balance Sheet
Assets:
Unbilled accounts receivable	$	25.4	(21.8	)		$	3.6
Inventories, net	163.8		12.5			176.3
Liabilities:
Accrued compensation and benefits	68.8		(0.3	)		68.5
Other accrued liabilities	73.0		(3.4	)		69.6
Equity:
Retained earnings	624.5		(5.6	)		618.9

Disaggregation of Revenue

Revenue disaggregated by contract type has been provided in the table below:

	Three Months Ended
(In millions)	September 1, 2018
Net Sales:
Single performance obligation
Product revenue	$	535.2
Multiple performance obligations
Product revenue	84.8
Service revenue	2.7
Other	1.9
Total	$	624.6

Revenue disaggregated by product type and reportable segment has been provided in the table below:

	Three Months Ended
(In millions)	September 1, 2018
North American Furniture Solutions:
Systems	$	144.5
Seating	96.6
Freestanding and storage	74.7
Other	27.9
Total North American Furniture Solutions	$	343.7
ELA Furniture Solutions:
Systems	$	22.8
Seating	68.7
Freestanding and storage	10.4
Other	13.5
Total ELA Furniture Solutions	$	115.4
Specialty:
Systems	$	1.6
Seating	29.0
Freestanding and storage	12.9
Textiles	28.8
Other	5.0
Total Specialty	$	77.3
Consumer:
Seating	53.7
Freestanding and storage	17.2
Other	17.3
Total Consumer	$	88.2
Total	$	624.6