XML 106 R93.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Quarterly Results of Operations (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Jan. 02, 2016
Oct. 03, 2015
Jul. 04, 2015
Apr. 04, 2015
Jan. 03, 2015
Sep. 27, 2014
Jun. 28, 2014
Mar. 29, 2014
Jan. 02, 2016
Jan. 03, 2015
Dec. 28, 2013
Dec. 29, 2012
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]                          
Net sales $ 596,866 $ 615,850 $ 568,226 $ 523,477 $ 646,661 $ 614,690 $ 509,143 $ 452,201 $ 2,304,419 $ 2,222,695 $ 2,059,964    
Cost of products sold 371,723 384,219 362,102 338,977 418,698 394,758 328,010 297,029 1,457,021 1,438,495 1,344,672    
Gross profit 225,143 231,631 206,124 184,500 227,963 219,932 181,133 155,172 847,398 784,200 715,292    
Selling and administrative expenses 165,772 170,371 167,278 168,704 182,341 166,216 155,288 145,210 672,125 649,055 606,512    
(Gain) loss on sale of assets (195) 0 0 0 (977) 0 (1,346) (8,400) (195) (10,723) 2,460    
Restructuring related charges (11,803) (172) 560 (377) (21,778) (987) (10,282) 28 (11,792) (33,019) (333)    
Operating income 47,763 61,088 39,406 15,419 24,821 52,729 16,909 18,390 163,676 112,849 105,987    
Interest income (expense) – net (1,135) (1,623) (1,849) (1,899) (1,884) (1,861) (2,041) (2,132)          
Income (loss) before income taxes 46,628 59,465 37,557 13,520 22,937 50,868 14,868 16,258 157,170 104,931 96,707    
Income taxes 14,397 18,619 13,680 5,068 15,959 17,372 5,203 5,242 51,764 43,776 33,338    
Net income (loss) 32,231 40,846 23,877 8,452 6,978 33,496 9,665 11,016 105,406 61,155 63,369    
Less: net income attributable to the noncontrolling interest 0 (2) (2) (26) (104) (92) (40) (80) (30) (316) (314)    
Net income attributable to HNI Corporation $ 32,231 $ 40,848 $ 23,879 $ 8,478 $ 7,082 $ 33,588 $ 9,705 $ 11,096 $ 105,436 $ 61,471 $ 63,683    
Net income (loss) attributable to HNI Corporation per common share – basic $ 0.73 $ 0.92 $ 0.54 $ 0.19 $ 0.16 $ 0.75 $ 0.22 $ 0.25 $ 2.38 $ 1.37 $ 1.41    
Weighted-average common shares outstanding – basic 44,158,000 44,263,000 44,416,000 44,304,000 44,324,000 44,690,000 45,020,000 45,039,000 44,285,298 44,759,716 45,250,665    
Net income attributable to HNI Corporation per common share – diluted $ 0.71 $ 0.90 $ 0.52 $ 0.19 $ 0.16 $ 0.74 $ 0.21 $ 0.24 $ 2.32 $ 1.35 $ 1.39 $ 1.07 $ 1.01
Weighted-average common shares outstanding – diluted 45,199,000 45,403,000 45,621,000 45,524,000 45,202,000 45,611,000 45,868,000 45,838,000 45,440,653 45,578,872 45,956,280    
As a Percentage of Net Sales                          
Net sales, percent 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%          
Gross profit, percent 37.70% 37.60% 36.30% 35.20% 35.30% 35.80% 35.60% 34.30%          
Selling and administrative expenses, percent 27.80% 27.70% 29.40% 32.20% 28.20% 27.00% 30.50% 32.10%          
(Gain) loss on sale of assets, percent         (0.20%) 0.00% (0.30%) (1.90%)          
Restructuring related charges, percent 2.00% 0.00% (0.10%) 0.10% 3.40% 0.20% 2.00% 0.00%          
Operating income (loss), percent 8.00% 9.90% 6.90% 2.90% 3.80% 8.60% 3.30% 4.10%          
Income taxes, percent 2.40% 3.00% 2.40% 1.00% 2.50% 2.80% 1.00% 1.20%          
Net income (loss) attributable to HNI Corporation, percent 5.40% 6.60% 4.20% 1.60% 1.10% 5.50% 1.90% 2.50%