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Business Segments
 3 Months Ended
Apr. 01, 2017
Segment Reporting [Abstract]  
Business Segments
BUSINESS SEGMENTS
The Company’s portfolio of brands is organized into the following four operating segments, which the Company has determined to be reportable operating segments.
•
Wolverine Outdoor & Lifestyle Group, consisting of Merrell® footwear and apparel, Cat® footwear, Hush Puppies® footwear and apparel, Chaco® footwear, Sebago® footwear and apparel and Cushe® footwear;
•
Wolverine Boston Group, consisting of Sperry® footwear and apparel, Saucony® footwear and apparel and Keds® footwear and apparel;
•
Wolverine Heritage Group, consisting of Wolverine® footwear and apparel, Bates® uniform footwear, Harley-Davidson® footwear and HyTest® safety footwear; and
•
Wolverine Multi-Brand Group, consisting of Stride Rite® footwear and apparel and the Company's multi-brand consumer-direct businesses.
The reportable segments are engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. Reported revenue for the reportable operating segments includes revenue from the sale of branded footwear, apparel and accessories to third-party customers; revenue from third-party licensees and distributors; and revenue from the Company’s consumer-direct businesses.
The Company also reports “Other” and “Corporate” categories. The Other category consists of the Company’s leather marketing operations and sourcing operations that include third-party commission revenues. The Corporate category consists of unallocated corporate expenses, including restructuring and impairment costs and organizational transformation costs. The Company’s operating segments are determined based on how the Company internally reports and evaluates financial information used to make operating decisions. The operating segment managers all report directly to the chief operating decision maker.
Company management uses various financial measures to evaluate the performance of the reportable operating segments. The following is a summary of certain key financial measures for the respective fiscal periods indicated.
(In millions)
13 Weeks Ended
April 1, 2017
 
12 Weeks Ended
March 26, 2016
Revenue:
 
 
 
Wolverine Outdoor & Lifestyle Group
$
232.6

 
$
217.7

Wolverine Boston Group
203.9

 
209.1

Wolverine Heritage Group
75.7

 
71.8

Wolverine Multi-Brand Group
64.4

 
68.4

Other
14.7

 
10.6

Total
$
591.3

 
$
577.6

Operating profit (loss):
 
 
 
Wolverine Outdoor & Lifestyle Group
$
52.3

 
$
48.8

Wolverine Boston Group
31.9

 
27.7

Wolverine Heritage Group
9.6

 
8.5

Wolverine Multi-Brand Group
0.2

 
(1.4
)
Other
1.3

 
0.5

Corporate
(62.7
)
 
(50.1
)
Total
$
32.6

 
$
34.0


(In millions)
April 1,
2017
 
December 31,
2016
 
March 26,
2016
Total assets:
 
 
 
 
 
Wolverine Outdoor & Lifestyle Group
$
443.5

 
$
391.8

 
$
494.7

Wolverine Boston Group
1,260.2

 
1,273.5

 
1,328.0

Wolverine Heritage Group
147.4

 
157.8

 
154.2

Wolverine Multi-Brand Group
131.2

 
140.8

 
188.2

Other
34.7

 
33.7

 
29.8

Corporate
370.8

 
434.1

 
229.7

Total
$
2,387.8

 
$
2,431.7

 
$
2,424.6

Goodwill:
 
 
 
 
 
Wolverine Outdoor & Lifestyle Group
$
127.0

 
$
126.6

 
$
129.7

Wolverine Boston Group
257.9

 
257.5

 
258.0

Wolverine Heritage Group
16.5

 
16.5

 
16.5

Wolverine Multi-Brand Group
23.7

 
23.7

 
26.0

Total
$
425.1

 
$
424.3

 
$
430.2