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Business Segments (Notes)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTSThe Company’s portfolio of brands are organized into the following three reportable segments. During the fourth quarter of 2022, the Company announced changes to its reportable segments as a result of changes in how its Chief Operating Decision
Maker, the Company's Chief Executive Officer, allocates resources to and assess performance of the Company's operating segments. All prior period disclosures have been retrospectively adjusted to reflect the new reportable segments.
Active Group, consisting of Merrell® footwear and apparel, Saucony® footwear and apparel, Sweaty Betty® activewear, and Chaco® footwear;
Work Group, consisting of Wolverine® footwear and apparel, Cat® footwear, Bates® uniform footwear, Harley-Davidson® footwear and HYTEST® safety footwear; and
Lifestyle Group, consisting of Sperry® footwear and Hush Puppies® footwear and apparel as well as Keds® footwear prior to the divestiture of the brand, effective February 4, 2023.
The Company's operating segments are the Work Group, Lifestyle Group, Active Group, and Sweaty Betty®. Sweaty Betty® and the Active Group were evaluated and combined into one reportable segment because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance.
Kids' footwear offerings from Saucony®, Sperry®, Merrell®, Hush Puppies® and Cat® as well as Keds® prior to divestiture of the brand effective February 4, 2023 are included with the applicable brand.
The Company also reports “Other” and “Corporate” categories. The Other category consists of the Company’s leather marketing operations, sourcing operations that include third-party commission revenues, multi-branded direct-to-consumer retail stores and the Stride Rite® licensed business. The Corporate category consists of gains on the sale of businesses and trademarks, unallocated corporate expenses, such as corporate employee costs, corporate facility costs, reorganization activities, impairment of long-lived assets and environmental and other related costs.
The reportable segments are engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. Revenue for the reportable 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 direct-to-consumer businesses. The Company’s reportable segments are determined based on how the Company internally reports and evaluates financial information used to make operating decisions.
Company management uses various financial measures to evaluate the performance of the reportable segments. The following is a summary of certain key financial measures for the respective fiscal periods indicated.
 Quarter EndedYear-to-Date Ended
(In millions)September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
Revenue:
Active Group$328.6 $398.2 $1,097.8 $1,172.6 
Work Group123.0 157.8 355.3 435.8 
Lifestyle Group62.8 117.7 223.0 346.9 
Other13.3 17.7 40.1 64.5 
Total$527.7 $691.4 $1,716.2 $2,019.8 
Segment operating profit (loss):
Active Group$32.7 $54.9 $124.6 $180.8 
Work Group15.4 28.2 45.7 81.7 
Lifestyle Group5.4 13.4 18.6 43.2 
Other2.8 2.8 9.3 9.7 
Corporate(29.0)(40.5)(79.5)(69.1)
Operating profit27.3 58.8 118.7 246.3 
Interest expense, net15.5 12.5 47.4 31.3 
Other expense, net2.4 2.7 3.2 2.2 
Earnings before income taxes$9.4 $43.6 $68.1 $212.8 
(In millions)September 30,
2023
December 31,
2022
October 1,
2022
Total assets:
Active Group$1,270.0 $1,331.5 $1,697.4 
Work Group322.4 375.7 452.0 
Lifestyle Group336.5 514.8 760.9 
Other64.5 58.6 67.0 
Corporate237.9 212.1 193.3 
Total$2,231.3 $2,492.7 $3,170.6 
Goodwill:
Active Group$314.9 $314.4 $358.0 
Work Group59.8 59.6 58.7 
Lifestyle Group77.1 97.4 96.2 
Other13.6 13.6 13.6 
Total$465.4 $485.0 $526.5