Segment Information

6 Months Ended

Jul. 03, 2011

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 4 — SEGMENT INFORMATION

Based on the quantitative thresholds specified by accounting standards, the Company has determined that it has two reportable segments: (1) the Modular Carpet segment, which includes its InterfaceFLOR, Heuga and FLOR modular carpet businesses, as well as its Intersept antimicrobial sales and licensing program, and (2) the Bentley Prince Street segment, which includes its Bentley Prince Street broadloom, modular carpet and area rug businesses. In 2007, the Company sold its former Fabrics Group business segment (see Note 9 for further information). Accordingly, the Company has included the operations of the former Fabrics Group business segment in discontinued operations.

The accounting policies of the operating segments are the same as those described in the Summary of Significant Accounting Policies contained in the Company’s Annual Report on Form 10-K for the fiscal year ended January 2, 2011, as filed with the Commission. Segment amounts disclosed are prior to any elimination entries made in consolidation, except in the case of net sales, where intercompany sales have been eliminated. The chief operating decision-maker evaluates performance of the segments based on operating income. Costs excluded from this profit measure primarily consist of allocated corporate expenses, interest/other expense and income taxes. Corporate expenses are primarily comprised of corporate overhead expenses. Thus, operating income includes only the costs that are directly attributable to the operations of the individual segment. Assets not identifiable to any individual segment are corporate assets, which are primarily comprised of cash and cash equivalents, intangible assets and intercompany amounts, which are eliminated in consolidation.

Segment Disclosures

Summary information by segment follows:

	Modular		Bentley
	Carpet		Prince Street			Total
	(In thousands)
Three Months Ended July 3, 2011
Net Sales	$	240,566	$	27,074		$	267,640
Depreciation and Amortization		6,700		565			7,265
Operating Income		26,937		96			27,033
Three Months Ended July 4, 2010
Net Sales	$	202,695	$	23,892		$	226,587
Depreciation and Amortization		4,752		563			5,315
Operating Income (Loss)		25,374		(1,145	)		24,229

	Modular		Bentley
	Carpet		Prince Street			Total
	(In thousands)
Six Months Ended July 3, 2011
Net Sales	$	459,846	$	53,196		$	513,042
Depreciation and Amortization		14,803		1,123			15,926
Operating Income (Loss)		52,271		(61	)		52,210
Six Months Ended July 4, 2010
Net Sales	$	396,702	$	47,076		$	443,778
Depreciation and Amortization		8,417		1,122			9,539
Operating Income (Loss)		42,554		(2,556	)		39,998

A reconciliation of the Company’s total segment operating income, depreciation and amortization, and assets to the corresponding consolidated amounts follows:

	Three Months Ended						Six Months Ended
	July 3, 2011			July 4, 2010			July 3, 2011			July 4, 2010
	(In thousands)						(In thousands)
DEPRECIATION AND AMORTIZATION
Total segment depreciation and amortization	$	7,265		$	5,315		$	15,926		$	9,539
Corporate depreciation and amortization		1,385			1,464			5,306			3,364
Reported depreciation and amortization	$	8,650		$	6,779		$	21,232		$	12,903
OPERATING INCOME
Total segment operating income	$	27,033		$	24,229		$	52,210		$	39,998
Corporate income, expenses and other reconciling amounts		(896	)		(2,763	)		(4,545	)		(4,777	)
Reported operating income	$	26,137		$	21,466		$	47,665		$	35,221

	July 3, 2011		January 2, 2011
	(In thousands)
ASSETS
Total segment assets	$	667,659	$	610,024
Discontinued operations		1,200		1,200
Corporate assets and eliminations		110,378		144,209
Reported total assets	$	779,237	$	755,433