Segment Reporting

6 Months Ended

Jul. 01, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company has three reporting segments: Global Ceramic, Flooring NA and Flooring ROW. Global Ceramic designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone tile and other products including natural stone, porcelain slabs and quartz countertops, which it distributes primarily in North America, Europe, Brazil and Russia through various selling channels, which include company-owned stores, independent distributors and home centers. Flooring NA designs, manufactures, sources and markets its floor covering products, including broadloom carpet, carpet tile, carpet cushion, rugs, laminate, vinyl products, including luxury vinyl tile (“LVT”) and sheet vinyl, and wood flooring, all of which it distributes through its network of regional distribution centers and satellite warehouses using Company-operated trucks, common carriers or rail transportation. The Segment’s product lines are sold through various channels, including independent floor covering retailers, independent distributors, home centers, mass merchandisers, department stores, shop at home, online retailers, buying groups, commercial contractors and commercial end users. Flooring ROW designs, manufactures, sources, licenses and markets laminate, vinyl products, including LVT and sheet vinyl, wood flooring, roofing panels, insulation boards, medium-density fiberboard (“MDF”) and chipboards, which it distributes primarily in Europe, Russia, Australia and New Zealand through various channels, including independent floor covering retailers, independent distributors, company-owned distributors, home centers, commercial contractors and commercial end users.

The accounting policies for each operating segment are consistent with the Company’s policies for the Consolidated Financial Statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income.

	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Net sales:
Global Ceramic	$	1,155,362	1,158,569	2,214,696	2,223,326
Flooring NA	1,001,698		1,099,538	1,955,115	2,171,448
Flooring ROW	793,368		895,081	1,586,840	1,774,077
Total	$	2,950,428	3,153,188	5,756,651	6,168,851
Operating income (loss):
Global Ceramic	$	84,034	154,269	147,351	254,607
Flooring NA	37,199		100,030	35,186	195,354
Flooring ROW	86,914		124,107	162,159	258,757
Corporate and intersegment eliminations	(55,101)		(10,479)	(65,860)	(19,990)
Total	$	153,046	367,927	278,836	688,728

	July 1, 2023		December 31, 2022
Assets:
Global Ceramic	$	5,546,167	4,841,310
Flooring NA	4,210,170		4,299,360
Flooring ROW	4,295,257		4,275,519
Corporate and intersegment eliminations	533,569		704,243
Total	$	14,585,163	14,120,432