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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Oct. 01, 2011
Oct. 02, 2010
Oct. 01, 2011
Oct. 02, 2010
Net sales$ 504,220$ 458,853$ 1,333,181$ 1,220,581
Cost of sales324,825297,635872,132798,866
Gross profit179,395161,218461,049421,715
Selling and administrative expenses138,671130,514407,281381,346
Restructuring and impairment277(251)2,1302,821
Operating income40,44730,95551,63837,548
Interest income222166465346
Interest expense2,5672,8439,1898,620
Earnings before income taxes38,10228,27842,91429,274
Income taxes13,18612,63015,19212,176
Income from continuing operations, less applicable income taxes24,91615,64827,72217,098
Discontinued operations, less applicable income taxes0(13)0(2,551)
Net income24,91615,63527,72214,547
Less: Net income (loss) attributable to the noncontrolling interest(31)(46)(127)149
Net income attributable to HNI Corporation$ 24,947$ 15,681$ 27,849$ 14,398
Income from continuing operations attributable to HNI Corporation per common share - basic$ 0.56$ 0.35$ 0.62$ 0.38
Discontinued operations attributable to HNI Corporation per common share - basic$ 0.00$ 0.00$ 0.00$ (0.06)
Net income attributable to HNI Corporation per common share - basic$ 0.56$ 0.35$ 0.62$ 0.32
Average number of common shares outstanding - basic44,787,43744,800,82144,795,15545,053,536
Income from continuing operations attributable to HNI Corporation per common share - diluted$ 0.55$ 0.34$ 0.61$ 0.37
Discontinued operations attributable to HNI Corporation per common share - diluted$ 0.00$ 0.00$ 0.00$ (0.06)
Net income attributable to HNI Corporation per common share - diluted$ 0.55$ 0.34$ 0.61$ 0.31
Average number of common shares outstanding - diluted45,637,04245,601,32745,683,52045,831,091
Cash dividends per common share$ 0.23$ 0.215$ 0.69$ 0.645