Segment Reporting

9 Months Ended

Sep. 30, 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, residential and commercial contractors 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, residential contractors, 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, residential and 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			Nine Months Ended
	September 30, 2023		October 1, 2022	September 30, 2023	October 1, 2022
Net sales:
Global Ceramic	$	1,091,672	1,096,656	3,306,368	3,319,982
Flooring NA	962,222		1,089,634	2,917,337	3,261,082
Flooring ROW	712,292		731,249	2,299,132	2,505,326
Total	$	2,766,186	2,917,539	8,522,837	9,086,390
Operating income (loss):
Global Ceramic	$	(355,304)	(559,706)	(207,953)	(305,099)
Flooring NA	(166,973)		64,672	(131,787)	260,026
Flooring ROW	(159,569)		45,508	2,590	304,265
Corporate and intersegment eliminations	(51,896)		(56,063)	(117,756)	(76,053)
Total	$	(733,742)	(505,589)	(454,906)	183,139

	September 30, 2023		December 31, 2022
Assets:
Global Ceramic	$	4,905,861	4,841,310
Flooring NA	3,911,708		4,299,360
Flooring ROW	3,857,628		4,275,519
Corporate and intersegment eliminations	463,298		704,243
Total	$	13,138,495	14,120,432