XML 72 R93.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Quarterly Results of Operations (Unaudited) (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 29, 2012
Sep. 29, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Oct. 01, 2011
Jul. 02, 2011
Apr. 02, 2011
Jan. 01, 2011
Oct. 02, 2010
Jul. 03, 2010
Apr. 03, 2010
Dec. 29, 2012
Dec. 31, 2011
Jan. 01, 2011
Jan. 02, 2010
Jan. 03, 2009
Quarterly Financial Information Disclosure [Abstract]                                  
Net sales $ 527,536 $ 550,855 $ 480,400 $ 445,212 $ 500,269 $ 504,220 $ 432,810 $ 396,151 $ 466,147 $ 458,853 $ 398,222 $ 363,506 $ 2,004,003 $ 1,833,450 $ 1,686,728    
Cost of products sold 341,585 359,519 315,287 298,385 322,255 324,825 285,880 261,427 302,246 297,635 256,905 244,326 1,314,776 1,194,387 1,101,112    
Gross profit 185,951 191,336 165,113 146,827 178,014 179,395 146,930 134,724 163,901 161,218 141,317 119,180 689,227 639,063 585,616    
Selling and administrative expenses 155,046 149,421 151,455 143,734 147,034 138,671 136,197 132,413 136,911 130,514 128,032 122,800 599,656 554,315 518,257    
Restructuring related charges (income) 583 172 292 897 1,131 277 463 1,390 6,628 (251) 1,238 1,834 1,944 3,261 9,449    
Operating income 30,322 41,743 13,366 2,196 29,849 40,447 10,270 921 20,362 30,955 12,047 (5,454) 87,627 81,487 57,910    
Interest income (expense) - net (2,452) (2,503) (2,633) (2,435) (2,604) (2,345) (2,923) (3,456) (3,158) (2,677) (2,962) (2,635)          
Income (loss) from continuing operations before income taxes 27,870 39,240 10,733 (239) 27,245 38,102 7,347 (2,535) 17,204 28,278 9,085 (8,089) 77,604 70,159 46,478    
Income taxes 10,493 15,036 3,835 (86) 9,219 13,186 2,744 (738) 4,621 12,630 3,493 (3,947) 29,278 24,411 16,797    
Income (loss) from continuing operations, less applicable income taxes 17,377 24,204 6,898 (153) 18,026 24,916 4,603 (1,797) 12,583 15,648 5,592 (4,142) 48,326 45,748 29,681    
Discontinued operations, less applicable income taxes 0 0 0 0 0 0 0 0 (7) (13) (827) (1,711) 0 0 (2,558)    
Net income (loss) 17,377 24,204 6,898 (153) 18,026 24,916 4,603 (1,797) 12,576 15,635 4,765 (5,853) 48,326 45,748 27,123    
Less: net income attributable to the noncontrolling interest (216) (286) (127) (12) (111) (31) (54) (42) 33 (46) 62 133 (641) (238) 182    
Net income attributable to HNI Corporation $ 17,593 $ 24,490 $ 7,025 $ (141) $ 18,137 $ 24,947 $ 4,657 $ (1,755) $ 12,543 $ 15,681 $ 4,703 $ (5,986) $ 48,967 $ 45,986 $ 26,941    
Income (loss) from continuing operations attributable to HNI Corporation - basic $ 0.39 $ 0.54 $ 0.15 $ 0.00 $ 0.40 $ 0.56 $ 0.10 $ (0.04) $ 0.28 $ 0.35 $ 0.12 $ (0.09)          
Discontinued operations attributable to HNI Corporation - basic $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ (0.02) $ (0.04)          
Net income (loss) attributable to HNI Corporation per common share - basic $ 0.39 $ 0.54 $ 0.15 $ 0.00 $ 0.40 $ 0.56 $ 0.10 $ (0.04) $ 0.28 $ 0.35 $ 0.10 $ (0.13) $ 1.08 $ 1.03 $ 0.60    
Weighted-average common shares outstanding - basic 45,050,000 45,224,000 45,420,000 45,152,000 44,828,000 44,787,000 44,745,000 44,853,000 44,815,000 44,801,000 45,193,000 45,166,000 45,211,385 44,803,248 44,993,934    
Income (loss) from continuing operations attributable to HNI Corporation - diluted $ 0.39 $ 0.53 $ 0.15 $ 0.00 $ 0.40 $ 0.55 $ 0.10 $ (0.04) $ 0.27 $ 0.34 $ 0.12 $ (0.09)          
Discontinued operations attributable to HNI Corporation - diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ (0.02) $ (0.04)          
Net income attributable to HNI Corporation per common share - diluted $ 0.39 $ 0.53 $ 0.15 $ 0.00 $ 0.40 $ 0.55 $ 0.10 $ (0.04) $ 0.27 $ 0.34 $ 0.10 $ (0.13) $ 1.07 $ 1.01 $ 0.59 $ (0.14) $ 1.02
Weighted-average common shares outstanding – diluted 45,692,000 45,820,000 45,945,000 45,152,000 45,759,000 45,637,000 45,667,000 44,853,000 45,743,000 45,601,000 46,012,000 45,166,000 45,819,979 45,694,278 45,808,704    
As a Percentage of Net Sales                                  
Net sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%          
Gross profit 35.20% 34.70% 34.40% 33.00% 35.60% 35.60% 33.90% 34.00% 35.20% 35.10% 35.50% 32.80%          
Selling and administrative expenses 29.40% 27.10% 31.50% 32.30% 29.40% 27.50% 31.50% 33.40% 29.40% 28.40% 32.20% 33.80%          
Restructuring related charges 0.10% 0.00% 0.10% 0.20% 0.20% 0.10% 0.10% 0.40% 1.40% (0.10%) 0.30% 0.50%          
Operating income (loss) 5.70% 7.60% 2.80% 0.50% 6.00% 8.00% 2.40% 0.20% 4.40% 6.70% 3.00% (1.50%)          
Income taxes 2.00% 2.70% 0.80% 0.00% 1.80% 2.60% 0.60% (0.20%) 1.00% 2.80% 0.90% (1.10%)          
Income (loss) from continuing operations 3.30% 4.40% 1.40% 0.00% 3.60% 4.90% 1.10% (0.50%) 2.70% 3.40% 1.40% (1.10%)          
Discontinued operations, less applicable taxes 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% (0.20%) (0.50%)          
Net income (loss) attributable to HNI Corporation 3.30% 4.40% 1.50% 0.00% 3.60% 4.90% 1.10% (0.40%) 2.70% 3.40% 1.20% (1.60%)