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Reportable Segments
9 Months Ended
Nov. 23, 2012
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Reportable Segments
REPORTABLE SEGMENTS
As of November 23, 2012, we realigned portions of our reportable segments for financial reporting purposes as a result of the integration of the PolyVision global technology business into the Steelcase Education Solutions group. Prior to this change, the PolyVision global technology business was combined with the PolyVision surfaces business and was reported collectively as PolyVision in the Other category along with Asia Pacific and Designtex. As a result of these changes, the results of the PolyVision technology business are now reported in the Americas and EMEA segments. The PolyVision surfaces business remains in the Other category. Similarly, amounts in the prior years' financial statements have been reclassified to conform to the new segment presentation.
Our reportable segments consist of the Americas segment, the EMEA segment and the Other category. Unallocated corporate expenses are reported as Corporate.
The Americas segment serves customers in the U.S., Canada and Latin America with a portfolio of integrated architecture, furniture and technology products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Coalesse, Turnstone, Details and Nurture by Steelcase brands.
The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase brand, with an emphasis on freestanding furniture systems, storage and seating solutions.
The Other category includes Asia Pacific, PolyVision and Designtex. Asia Pacific serves customers in Asia and Australia primarily under the Steelcase brand with an emphasis on freestanding furniture systems, storage and seating solutions. Designtex designs and sells surface materials including textiles and wall coverings which are specified by architects and designers directly to end-use customers primarily in North America. PolyVision manufactures steel and ceramic surfaces for use in multiple applications, but primarily for sale to third-party fabricators to create static whiteboards sold in the primary and secondary education markets in the U.S. and Europe.
Revenue and operating income (loss) for the three and nine months ended November 23, 2012 and total assets as of November 23, 2012 and February 24, 2012 by segment are presented below:
 
Three Months Ended
 
Nine Months Ended
Reportable Segment Statement of Operations Data
November 23,
2012
November 25,
2011
November 23,
2012
November 25,
2011
Revenue
 

 
 

 
 

 
 

Americas
$
503.2

 
$
488.5

 
$
1,522.2

 
$
1,399.9

EMEA
157.1

 
161.8

 
426.3

 
453.2

Other
66.9

 
69.1

 
198.8

 
206.2

 
$
727.2

 
$
719.4

 
$
2,147.3

 
$
2,059.3

Operating income (loss)
 

 
 

 
 

 
 

Americas
$
42.1

 
$
37.1

 
$
134.0

 
$
98.3

EMEA
0.8

 
4.0

 
(12.4
)
 
(10.7
)
Other
2.1

 
6.1

 
4.9

 
13.1

Corporate
(6.6
)
 
(9.0
)
 
(22.0
)
 
(22.1
)
 
$
38.4

 
$
38.2

 
$
104.5

 
$
78.6


Reportable Segment Balance Sheet Data
November 23,
2012
February 24,
2012
Total assets
 

 
 

Americas
$
891.6

 
$
862.0

EMEA
366.0

 
326.3

Other
179.9

 
187.2

Corporate
329.2

 
313.0

 
$
1,766.7

 
$
1,688.5