REVENUE

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The Company’s revenue presented as “Sales” in the Condensed Consolidated Statements of Operations and Comprehensive Income is derived from contracts with customers for the sale of the Company’s products.

The Company’s sales by product category were as follows (in millions):


	Three Months Ended March 31,
	2020		2019
Office Segment
Office Systems	$	100.9	$	106.3
Seating	30.4		30.9
Files and Storage	25.2		25.6
Ancillary	49.3		25.5
Other	10.6		13.9
Total Office Segment	216.4		202.2
Lifestyle Segment
Studio	96.3		101.6
Coverings	27.3		29.0
Total Lifestyle Segment	123.6		130.6
Total Sales	$	340.0	$	332.8

Contract Balances

The Company’s contract assets consist of trade receivables, the balances of which are included in Customer receivables, net in the Condensed Consolidated Balance Sheets. These amounts represent the amount of consideration the Company expects to be entitled to in exchange for the goods delivered to its customers.

When the Company receives deposits, the recognition of revenue is generally deferred and results in the recognition of a contract liability (Customer deposits), which is included in Other current liabilities in the Condensed Consolidated Balance Sheets. Subsequent recognition of revenue and discharge of the contract liability typically occurs within a year of a deposit receipt, as the Company’s standard contract is less than one year. As of March 31, 2020 and December 31, 2019, the contract liability related to customer deposits was $35.8 million and $32.5 million, respectively. During the three months ended March 31, 2020 and 2019, the Company recognized revenues that were included in the contract liability at the beginning of the respective year of $19.0 million and $19.8 million, respectively.