Segment Reporting

9 Months Ended

Oct. 01, 2022

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company has three reporting segments: the Global Ceramic Segment, the Flooring North America (“Flooring NA”) Segment and the Flooring Rest of the World (“Flooring ROW”) Segment. The Global Ceramic Segment designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone, porcelain slabs, quartz countertops and other products, which it distributes primarily in North America, Europe, South America and Russia through its network of regional distribution centers and Company-operated service centers using Company-operated trucks, common carriers or rail transportation. The Segment’s product lines are sold through Company-operated service centers, independent distributors, home center retailers, tile and flooring retailers and contractors. The Flooring NA Segment designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pad, laminate, resilient (includes sheet vinyl and luxury vinyl tile (“LVT”)) and wood flooring, which it distributes through its network of regional distribution centers and satellite warehouses using Company-operated trucks, common carriers or rail transportation. The Segment’s product lines are sold through various selling channels, including independent floor covering retailers, distributors, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial contractors and commercial end users. The Flooring ROW Segment designs, manufactures, sources, licenses and markets laminate, sheet vinyl, LVT, wood flooring, roofing panels, insulation boards, medium-density fiberboard (“MDF”), chipboards and other wood products, which it distributes primarily in Europe, Australia, New Zealand and Russia through various selling channels, which include retailers, Company-operated distributors, independent distributors and home centers.

The accounting policies for each operating segment are consistent with the Company’s policies for the consolidated financial statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income.

Segment information is as follows:

	Three Months Ended			Nine Months Ended
	October 1, 2022		October 2, 2021	October 1, 2022	October 2, 2021
Net sales:
Global Ceramic Segment	$	1,096,656	998,444	3,319,982	2,967,818
Flooring NA Segment	1,089,634		1,050,453	3,261,082	3,100,892
Flooring ROW Segment	731,249		768,120	2,505,326	2,371,166
Total	$	2,917,539	2,817,017	9,086,390	8,439,876
Operating (loss) income:
Global Ceramic Segment	$	(559,706)	118,896	(305,099)	343,135
Flooring NA Segment	64,672		118,625	260,026	315,866
Flooring ROW Segment	45,508		133,595	304,265	456,787
Corporate and intersegment eliminations	(56,063)		(11,142)	(76,053)	(33,875)
Total	$	(505,589)	359,974	183,139	1,081,913

	At October 1, 2022		At December 31, 2021
Assets:
Global Ceramic Segment	$	4,866,822	5,160,776
Flooring NA Segment	4,490,502		4,125,960
Flooring ROW Segment	4,036,675		4,361,741
Corporate and intersegment eliminations	407,035		576,040
Total	$	13,801,034	14,224,517