EX-99.1 2 hmi8k_06192019ex991.htm EXHIBIT 99.1 Exhibit


Herman Miller, Inc. Supplemental Financial Data
Revised Quarterly Segment Data for the 9 Months Ended March 2, 2019 and Fiscal Year Ended June 2, 2018
(Unaudited) ($ in millions)

I. Segment Information

Effective in the fourth quarter of fiscal 2019, Herman Miller, Inc. (the "Company") has revised its reportable segments to combine the Specialty reportable segment with the North American Furniture Solutions reportable segment. The newly combined segment is called "North America Contract". There were no changes to the Company's ELA Furniture Solutions ("ELA") and Consumer segments, but each has been renamed. Effective in the fourth quarter of fiscal 2019, ELA is now named "International Contract" and Consumer is named "Retail".

The Specialty segment (Maharam, Geiger, Nemschoff and the Herman Miller Collection) has been combined with the North America Contract segment under a common segment manager as of the the fourth quarter fiscal 2019. The change in operating segments reflect the basis of how the Company internally reports and evaluates financial information used to make operating decisions.

The tables below summarize, for the periods indicated, the revised reportable segment and other supplemental data of Herman Miller, Inc.:







Herman Miller, Inc. Supplemental Financial Data
Revised Quarterly Segment Data for the 9 Months ended March 2, 2019 and Fiscal Year Ended June 2, 2018
(Unaudited) ($ in millions)

A. Quarterly Segment Data for Fiscal 2019
 
Three Months Ended
Nine Months Ended
 
March 2, 2019
December 1, 2018
September 1, 2018
March 2, 2019
North America Contract
 
 
 
 
 
 
 
 
Net Sales
$
397.0

100.0
%
$
434.8

100.0
%
$
421.0

100.0
%
$
1,252.8

100.0
%
Gross Margin (1)
136.6

34.4
%
152.0

35.0
%
147.6

35.1
%
436.2

34.8
%
Operating Expenses
96.4

24.3
%
100.8

23.2
%
99.5

23.6
%
296.7

23.7
%
 
 
 
 
 
 
 
 
 
Operating Earnings (1)
$
40.2

10.1
%
$
51.2

11.8
%
$
48.1

11.4
%
$
139.5

11.1
%
 
 
 
 
 
 
 
 
 
International Contract
 
 
 
 
 
 
 
 
Net Sales
$
126.0

100.0
%
$
118.5

100.0
%
$
115.4

100.0
%
$
359.9

100.0
%
Gross Margin
42.1

33.4
%
39.7

33.5
%
38.1

33.0
%
119.9

33.3
%
Operating Expenses
25.8

20.5
%
25.9

21.9
%
27.6

23.9
%
79.3

22.0
%
 
 
 
 
 
 
 
 
 
Operating Earnings (1)
$
16.3

12.9
%
$
13.8

11.6
%
$
10.5

9.1
%
$
40.6

11.3
%
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
 
 
 
Net Sales
$
96.0

100.0
%
$
99.3

100.0
%
$
88.2

100.0
%
$
283.5

100.0
%
Gross Margin (1)
42.3

44.1
%
43.9

44.2
%
39.4

44.7
%
125.6

44.3
%
Operating Expenses
40.0

41.7
%
42.1

42.4
%
37.3

42.3
%
119.4

42.1
%
 
 
 
 
 
 
 
 
 
Operating Earnings (1)
$
2.3

2.4
%
$
1.8

1.8
%
$
2.1

2.4
%
$
6.2

2.2
%
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
 
 
Operating Expenses (1)
(11.0
)
%
(13.7
)
%
(14.7
)
%
(39.4
)
%
Operating Loss
$
(11.0
)
%
$
(13.7
)
%
$
(14.7
)
%
$
(39.4
)
%
 
 
 
 
 
 
 
 
 
Herman Miller, Inc.
 
 
 
 
 
 
 
 
Net Sales
$
619.0

100.0
%
$
652.6

100.0
%
$
624.6

100.0
%
$
1,896.2

100.0
%
Gross Margin
221.0

35.7
%
235.6

36.1
%
225.1

36.0
%
681.7

36.0
%
Operating Expenses
173.2

28.0
%
182.5

28.0
%
179.1

28.7
%
534.8

28.2
%
 
 
 
 
 
 
 
 
 
Operating Earnings
$
47.8

7.7
%
$
53.1

8.1
%
$
46.0

7.4
%
$
146.9

7.7
%

(1) The sum of the quarters does not equal the annual balance reflected in the most recently issued Consolidated Statements of Comprehensive Income due to rounding associated with the calculations on an individual quarter basis.





Herman Miller, Inc. Supplemental Financial Data
Revised Quarterly Segment Data for the 9 Months ended March 2, 2019 and Fiscal Year Ended June 2, 2018

(Unaudited) ($ in millions)

B. Quarterly Segment Data for Fiscal 2018
 
Three Months Ended
Twelve Months Ended
 
June 2, 2018
March 3, 2018
December 2, 2017
September 2, 2017
June 2, 2018
North America Contract
 
 
 
 
 
 
 
 
 
 
Net Sales (1)
$
392.4

100.0
%
$
389.0

100.0
%
$
404.9

100.0
%
$
403.7

100.0
%
$
1,590.0

100.0
%
Gross Margin
139.1

35.4
%
132.7

34.1
%
145.2

35.9
%
148.5

36.8
%
565.5

35.6
%
Operating Expenses
101.2

25.8
%
92.9

23.9
%
98.0

24.2
%
98.2

24.3
%
390.3

24.5
%
 
 
 
 
 
 
 
 
 
 
 
Operating Earnings
$
37.9

9.7
%
$
39.8

10.2
%
$
47.2

11.7
%
$
50.3

12.5
%
$
175.2

11.0
%
 
 
 
 
 
 
 
 
 
 
 
International Contract
 
 
 
 
 
 
 
 
 
 
Net Sales (1)
$
125.4

100.0
%
$
102.6

100.0
%
$
113.0

100.0
%
$
93.4

100.0
%
$
434.4

100.0
%
Gross Margin (1)
40.9

32.6
%
33.2

32.4
%
38.4

34.0
%
31.8

34.0
%
144.3

33.2
%
Operating Expenses
31.1

24.8
%
25.6

25.0
%
25.7

22.7
%
25.2

27.0
%
107.6

24.8
%
 
 
 
 
 
 
 
 
 
 
 
Operating Earnings
$
9.8

7.8
%
$
7.6

7.4
%
$
12.7

11.2
%
$
6.6

7.1
%
$
36.7

8.4
%
 
 
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
 
 
 
 
 
Net Sales
$
100.2

100.0
%
$
86.8

100.0
%
$
86.7

100.0
%
$
83.2

100.0
%
$
356.9

100.0
%
Gross Margin
48.3

48.2
%
39.9

46.0
%
38.5

44.4
%
36.6

44.0
%
163.3

45.8
%
Operating Expenses
39.9

39.8
%
35.7

41.1
%
37.5

43.3
%
36.3

43.6
%
149.4

41.9
%
 
 
 
 
 
 
 
 
 
 
 
Operating Earnings
$
8.4

8.4
%
$
4.2

4.8
%
$
1.0

1.2
%
$
0.3

0.4
%
$
13.9

3.9
%
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
 
 
 
 
Operating Expenses
(15.6
)
%
(12.9
)
%
(10.5
)
%
(8.1
)
%
(47.1
)

Operating Loss
$
(15.6
)
%
$
(12.9
)
%
$
(10.5
)
%
$
(8.1
)
%
(47.1
)
$

 
 
 
 
 
 
 
 
 
 
 
Herman Miller, Inc.
 
 
 
 
 
 
 
 
 
 
Net Sales (1)
$
618.0

100.0
%
$
578.4

100.0
%
$
604.6

100.0
%
$
580.3

100.0
%
$
2,381.3

100.0
%
Gross Margin
228.3

36.9
%
205.8

35.6
%
222.1

36.7
%
216.9

37.4
%
873.0

36.7
%
Operating Expenses
187.8

30.4
%
167.1

28.9
%
171.7

28.4
%
167.8

28.9
%
694.3

29.2
%
Operating Earnings
$
40.5

6.6
%
$
38.7

6.7
%
$
50.4

8.3
%
$
49.1

8.5
%
$
178.7

7.5
%

(1) The sum of the quarters does not equal the annual balance reflected in the most recently issued Consolidated Statements of Comprehensive Income due to rounding associated with the calculations on an individual quarter basis.







Herman Miller, Inc. Supplemental Financial Data
Revised Quarterly Segment Data for the 9 Months Ended March 2, 2019 and Fiscal Year Ended June 2, 2018

(Unaudited) ($ in millions)

II. Non-GAAP Financial Measures

This presentation contains certain non-GAAP financial measures, including Adjusted Operating Earnings (Loss) and Organic Growth (Decline). Adjusted Operating Earnings (Loss) represents reported operating earnings plus restructuring and impairment expenses, and other special charges. Organic Growth (Decline) represents the change in sales and orders, excluding currency translation effects, the impact of reclassification related to the new revenue recognition standard (ASC 606), the impact of acquisitions, divestitures and changes in shipping terms. The Company believes these non-GAAP measures are useful for investors as they provide financial information on a more comparative basis for the periods presented.

Adjusted Operating Earnings (Loss) and Organic Growth (Decline) are not measurements of our financial performance under GAAP and should not be considered an alternative to the related GAAP measurement. These non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Our presentation of non-GAAP measures should not be construed as an indication that our future results will be unaffected by unusual or infrequent items. We compensate for these limitations by providing equal prominence of our GAAP results.







Herman Miller, Inc. Supplemental Financial Data
Revised Quarterly Segment Data for the 9 Months ended March 2, 2019 and Fiscal Year Ended June 2, 2018

(Unaudited) ($ in millions)

A. Quarterly Segment Data for Fiscal 2019
 
Three Months Ended
Nine Months Ended
 
March 2, 2019
December 1, 2018
September 1, 2018
March 2, 2019
North America Contract
 
 
 
 
 
 
 
 
Net Sales
$
397.0

100.0
%
$
434.8

100.0
%
$
421.0

100.0
%
$
1,252.8

100.0
%
Gross Margin (1)
136.6

34.4
%
152.0

35.0
%
147.6

35.1
%
436.2

34.8
%
Operating Expenses
96.4

24.3
%
100.8

23.2
%
99.5

23.6
%
296.7

23.7
%
Operating Earnings (1)
40.2

10.1
%
51.2

11.8
%
48.1

11.4
%
139.5

11.1
%
 
 
 
 
 
 
 
 
 
Adjusted Operating Earnings
$
40.2

10.1
%
$
51.2

11.8
%
$
48.1

11.4
%
$
139.5

11.1
%
 
 
 
 
 
 
 
 
 
International Contract
 
 
 
 
 
 
 
 
Net Sales
$
126.0

100.0
%
$
118.5

100.0
%
$
115.4

100.0
%
$
359.9

100.0
%
Gross Margin
42.1

33.4
%
39.7

33.5
%
38.1

33.0
%
119.9

33.3
%
Operating Expenses
25.8

20.5
%
25.9

21.9
%
27.6

23.9
%
79.3

22.0
%
Operating Earnings (1)
16.3

12.9
%
13.8

11.6
%
10.5

9.1
%
40.6

11.3
%
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
Special Charges

%
0.2

%
0.1

%
0.3

%
Restructuring and Impairment
0.3

%
0.3

%
1.1

%
1.7

%
Adjusted Operating Earnings
$
16.6

13.2
%
$
14.3

12.1
%
$
11.7

10.1
%
$
42.6

11.8
%
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
 
 
 
Net Sales
$
96.0

100.0
%
$
99.3

100.0
%
$
88.2

100.0
%
$
283.5

100.0
%
Gross Margin (1)
42.3

44.1
%
43.9

44.2
%
39.4

44.7
%
125.6

44.3
%
Operating Expenses
40.0

41.7
%
42.1

42.4
%
37.3

42.3
%
119.4

42.1
%
Operating Earnings (1)
2.3

2.4
%
1.8

1.8
%
2.1

2.4
%
6.2

2.2
%
 
 
 
 
 
 
 
 
 
Adjusted Operating Earnings
$
2.3

2.4
%
$
1.8

1.8
%
$
2.1

2.4
%
$
6.2

2.2
%
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
 
 
Operating Loss (1)
$
(11.0
)
%
$
(13.7
)
%
$
(14.7
)
%
$
(39.4
)
%
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
Special Charges
0.5

%
5.5

%
5.0

%
11.0

%
Adjusted Operating Loss
$
(10.5
)
95.5
%
$
(8.2
)
59.9
%
$
(9.7
)
66.0
%
$
(28.4
)
72.1
%
 
 
 
 
 
 
 
 
 
Herman Miller, Inc.
 
 
 
 
 
 
 
 
Net Sales
$
619.0

100.0
%
$
652.6

100.0
%
$
624.6

100.0
%
$
1,896.2

100.0
%
Gross Margin
221.0

35.7
%
235.6

36.1
%
225.1

36.0
%
681.7

36.0
%
Operating Expenses
173.2

28.0
%
182.5

28.0
%
179.1

28.7
%
534.8

28.2
%
Operating Earnings
47.8

7.7
%
53.1

8.1
%
46.0

7.4
%
146.9

7.7
%
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
Special Charges
0.5

%
5.7

%
5.1

%
11.3

%
Restructuring and Impairment
0.3

%
0.3

%
1.1

%
1.7

%
Adjusted Operating Earnings
$
48.6

7.9
%
$
59.1

9.1
%
$
52.2

8.4
%
$
159.9

8.4
%

(1) The sum of the quarters does not equal the annual balance reflected in the most recently issued Consolidated Statements of Comprehensive Income due to rounding associated with the calculations on an individual quarter basis.











Herman Miller, Inc. Supplemental Financial Data
Revised Quarterly Segment Data for the 9 Months ended March 2, 2019 and Fiscal Year Ended June 2, 2018

(Unaudited) ($ in millions)

B. Quarterly Segment Data for Fiscal 2018

 
Three Months Ended
Twelve Months Ended
 
June 2, 2018
March 3, 2018
December 2, 2017
September 2, 2017
June 2, 2018
North America Contract
 
 
 
 
 
 
 
 
 
 
Net Sales (1)
$
392.4

100.0
%
$
389.0

100.0
%
$
404.9

100.0
%
$
403.7

100.0
%
$
1,590.0

100.0
%
Gross Margin
139.1

35.4
%
132.7

34.1
%
145.2

35.9
%
148.5

36.8
%
565.5

35.6
%
Operating Expenses
101.2

25.8
%
92.9

23.9
%
98.0

24.2
%
98.2

24.3
%
390.3

24.5
%
Operating Earnings
37.9

9.7
%
39.8

10.2
%
47.2

11.7
%
50.3

12.5
%
175.2

11.0
%
 
 
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
 
 
Restructuring and Impairment

%

%
0.5

%
1.4

%
1.9

%
Adjusted Operating Earnings
$
37.9

9.7
%
$
39.8

10.2
%
$
47.7

11.8
%
$
51.7

12.8
%
$
177.1

11.1
%
 
 
 
 
 
 
 
 
 
 
 
International Contract
 
 
 
 
 
 
 
 
 
 
Net Sales (1)
$
125.4

100.0
%
$
102.6

100.0
%
$
113.0

100.0
%
$
93.4

100.0
%
$
434.4

100.0
%
Gross Margin (1)
40.9

32.6
%
33.2

32.4
%
38.4

34.0
%
31.8

34.0
%
144.3

33.2
%
Operating Expenses
31.1

24.8
%
25.6

25.0
%
25.7

22.7
%
25.2

27.0
%
107.6

24.8
%
Operating Earnings
9.8

7.8
%
7.6

7.4
%
12.7

11.2
%
6.6

7.1
%
36.7

8.4
%
 
 
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
 
 
Special Charges
2.0

%
0.3

%

%

%
2.3

%
Restructuring and Impairment
3.9

%

%

%

%
3.9

%
Adjusted Operating Earnings
$
15.7

12.5
%
$
7.9

7.7
%
$
12.7

11.2
%
$
6.6

7.1
%
$
42.9

9.9
%
 
 
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
 
 
 
 
 
Net Sales
$
100.2

100.0
%
$
86.8

100.0
%
$
86.7

100.0
%
$
83.2

100.0
%
$
356.9

100.0
%
Gross Margin
48.3

48.2
%
39.9

46.0
%
38.5

44.4
%
36.6

44.0
%
163.3

45.8
%
Operating Expenses
39.9

39.8
%
35.7

41.1
%
37.5

43.3
%
36.3

43.6
%
149.4

41.9
%
Operating Earnings
8.4

8.4
%
4.2

4.8
%
1.0

1.2
%
0.3

0.4
%
13.9

3.9
%
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Earnings
$
8.4

8.4
%
$
4.2

4.8
%
$
1.0

1.2
%
$
0.3

0.4
%
$
13.9

3.9
%
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
 
 
 
 
Operating Loss
$
(15.6
)
%
$
(12.9
)
%
$
(10.5
)
%
$
(8.1
)
%
$
(47.1
)
%
 
 
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
 
 
Special Charges
5.9

%
3.6

%
1.2

%
0.7

%
11.4

%
Adjusted Operating Loss
$
(9.7
)
62.2
%
$
(9.3
)
72.1
%
$
(9.3
)
88.6
%
$
(7.4
)
91.4
%
$
(35.7
)
75.8
%
 
 
 
 
 
 
 
 
 
 
 
Herman Miller, Inc.
 
 
 
 
 
 
 
 
 
 
Net Sales
$
618.0

100.0
%
$
578.4

100.0
%
$
604.6

100.0
%
$
580.3

100.0
%
$
2,381.2

100.0
%
Gross Margin
228.3

36.9
%
205.8

35.6
%
222.1

36.7
%
216.9

37.4
%
873.0

36.7
%
Operating Expenses
187.8

30.4
%
167.1

28.9
%
171.7

28.4
%
167.8

28.9
%
694.3

29.2
%
Operating Earnings
40.5

6.6
%
38.7

6.7
%
50.4

8.3
%
49.1

8.5
%
178.7

7.5
%
 
 
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
 
 
Special Charges
7.9

%
3.9

%
1.2

%
0.7

%
13.7

%
Restructuring and Impairment
3.9

%

%
0.5

%
1.4

%
5.8

%
Adjusted Operating Earnings
$
52.3

8.5
%
$
42.6

7.4
%
$
52.1

8.6
%
$
51.2

8.8
%
$
198.2

8.3
%

(1) The sum of the quarters does not equal the annual balance reflected in the most recently issued Consolidated Statements of Comprehensive Income due to rounding associated with the calculations on an individual quarter basis.





Herman Miller, Inc. Supplemental Financial Data
Revised Quarterly Segment Data for the 9 Months Ended March 2, 2019 and 9 Months Ended March 3, 2018

(Unaudited) ($ in millions)

C. Organic Sales Growth (Decline) by Segment
 
Fiscal 2019
Fiscal 2018
 
Three Months Ended
YTD
Three Months Ended
YTD
 
March 2, 2019
December 1, 2018
September 1, 2018
March 2, 2019
March 3, 2018
December 2, 2017
September 2, 2017
March 3, 2018
North America Contract
 
 
 
 
 
 
 
 
Net Sales (1)
$
397.0

$
434.8

$
421.0

$
1,252.8

$
389.0

$
404.9

$
403.7

$
1,197.6

% change from prior year
2.1
%
7.4
%
4.3
%
4.6
%
 
 
 
 
Proforma Adjustments
 
 
 
 
 
 
 
 
Dealer Divestitures






(0.8
)
(0.8
)
Impact of Reclassification Related to New Revenue Recognition Standard




6.6

5.9

5.2

17.7

Currency Translation Effects
1.3

1.0

0.5

2.8





Net Sales, proforma
$
398.3

$
435.8

$
421.5

$
1,255.6

$
395.6

$
410.8

$
408.1

$
1,214.5

% change from prior year
0.7
%
6.1
%
3.3
%
3.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
International Contract
 
 
 
 
 
 
 
 
Net Sales
$
126.0

$
118.5

$
115.4

$
359.9

$
102.6

$
113.0

$
93.4

$
309.0

% change from prior year
22.8
%
4.9
%
23.6
%
16.5
%
 
 
 
 
Proforma Adjustments
 
 
 
 
 
 
 
 
Impact of Reclassification Related to New Revenue Recognition Standard




2.6

3.4

2.1

8.1

Currency Translation Effects
4.0

2.9

1.2

8.1





Net Sales, proforma
$
130.0

$
121.4

$
116.6

$
368.0

$
105.2

$
116.4

$
95.5

$
317.1

% change from prior year
23.6
%
4.3
%
22.1
%
16.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
 
 
 
Net Sales
$
96.0

$
99.3

$
88.2

$
283.5

$
86.8

$
86.7

$
83.2

$
256.7

% change from prior year
10.6
%
14.5
%
6.0
%
10.4
%
 
 
 
 
Proforma Adjustments
 
 
 
 
 
 
 
 
Currency Translation Effects
0.1

0.1


0.2





Impact of Change in DWR Shipping Terms






(5.0
)
(5.0
)
Net Sales, proforma
$
96.1

$
99.4

$
88.2

$
283.7

$
86.8

$
86.7

$
78.2

$
251.7

% change from prior year
10.7
%
14.6
%
12.8
%
12.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Herman Miller, Inc.
 
 
 
 
 
 
 
 
Net Sales
$
619.0

$
652.6

$
624.6

$
1,896.2

$
578.4

$
604.6

$
580.3

$
1,763.3

% change from prior year
7.0
%
7.9
%
7.6
%
7.5
%
 
 
 
 
Proforma Adjustments
 
 
 
 
 
 
 
 
Dealer Divestitures






(0.8
)
(0.8
)
Impact of Reclassification Related to New Revenue Recognition Standard




9.2

9.3

7.3

25.8

Currency Translation Effects
5.4

4.0

1.7

11.1





Impact of Change in DWR Shipping Terms






(5.0
)
(5.0
)
Net Sales, proforma
$
624.4

$
656.6

$
626.3

$
1,907.3

$
587.6

$
613.9

$
581.8

$
1,783.3

% change from prior year
6.3
%
7.0
%
7.6
%
7.0
%
 
 
 
 

(1) The sum of the quarters does not equal the annual balance reflected in the most recently issued Consolidated Statements of Comprehensive Income due to rounding associated with the calculations on an individual quarter basis.







Herman Miller, Inc. Supplemental Financial Data
Revised Quarterly Segment Data for the 9 Months Ended March 2, 2019 and 9 Months Ended March 3, 2018

(Unaudited) ($ in millions)

D. Organic Orders Growth (Decline) by Segment
 
Fiscal 2019
Fiscal 2018
 
Three Months Ended
YTD
Three Months Ended
YTD
 
March 2, 2019
December 1, 2018
September 1, 2018
March 2, 2019
March 3, 2018
December 2, 2017
September 2, 2017
March 3, 2018
North America Contract
 
 
 
 
 
 
 
 
Orders, as reported
$
390.9

$
457.7

$
425.1

$
1,273.7

$
365.9

$
418.2

$
410.2

$
1,194.3

% change from prior year
6.8
%
9.4
%
3.6
%
6.6
%
 
 
 
 
Proforma Adjustments
 
 
 
 
 
 
 
 
Dealer Divestitures






(2.2
)
(2.2
)
Impact of Reclassification Related to New Revenue Recognition Standard




4.8

7.5

5.5

17.8

Currency Translation Effects (1)
1.3

0.9

0.6

2.8





Orders, organic
$
392.2

$
458.6

$
425.7

$
1,276.5

$
370.7

$
425.7

$
413.5

$
1,209.9

% change from prior year
5.8
%
7.7
%
3.0
%
5.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
International Contract
 
 
 
 
 
 
 
 
Orders, as reported
$
127.0

$
137.3

$
125.0

$
389.3

$
113.9

$
118.0

$
108.5

$
340.4

% change from prior year
11.5
%
16.4
%
15.2
%
14.4
%
 
 
 
 
Proforma Adjustments
 
 
 
 
 
 
 
 
Impact of Reclassification Related to New Revenue Recognition Standard




3.6

3.4

2.1

9.1

Currency Translation Effects
3.0

2.4

1.5

6.9





Orders, organic
$
130.0

$
139.7

$
126.5

$
396.2

$
117.5

$
121.4

$
110.6

$
349.5

% change from prior year
10.6
%
15.1
%
14.4
%
13.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
 
 
 
Orders, as reported
$
92.8

$
107.6

$
80.5

$
280.9

$
83.4

$
93.2

$
76.1

$
252.7

% change from prior year
11.3
%
15.5
%
5.8
%
11.2
%
 
 
 
 
Proforma Adjustments
 
 
 
 
 
 
 
 
Currency Translation Effects
0.1

0.1


0.2





Orders, organic
$
92.9

$
107.7

$
80.5

$
281.1

$
83.4

$
93.2

$
76.1

$
252.7

% change from prior year
11.4
%
15.6
%
5.8
%
11.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Herman Miller, Inc.
 
 
 
 
 
 
 
 
Orders, as reported
$
610.7

$
702.6

$
630.6

$
1,943.9

$
563.2

$
629.4

$
594.8

$
1,787.4

% change from prior year
8.4
%
11.6
%
6.0
%
8.8
%
 
 
 
 
Proforma Adjustments
 
 
 
 
 
 
 
 
Dealer Divestitures






(2.2
)
(2.2
)
Impact of Reclassification Related to New Revenue Recognition Standard




8.4

10.9

7.6

26.9

Currency Translation Effects (1)
4.4

3.4

2.1

9.9





Orders, organic (1)
$
615.1

$
706.0

$
632.7

$
1,953.8

$
571.6

$
640.3

$
600.2

$
1,812.1

% change from prior year
7.6
%
10.3
%
5.4
%
7.8
%
 
 
 
 

(1) The sum of the quarters does not equal the annual balance reflected in the most recently issued Consolidated Statements of Comprehensive Income due to rounding associated with the calculations on an individual quarter basis.