XML 18 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Net Cash Flows From (To) Operating Activities:    
Net income $ 11,842 $ 8,452
Noncash items included in net income:    
Depreciation and amortization 15,251 13,860
Other postretirement and post employment benefits 411 417
Stock-based compensation 5,340 3,485
Excess tax benefits from stock compensation (6) (1,313)
Deferred income taxes 2,711 2,084
(Gain) loss on sale, retirement and impairment of long-lived assets and intangibles, net 60 76
Other – net 1,589 2,405
Net increase (decrease) in operating assets and liabilities (54,239) (80,938)
Increase (decrease) in other liabilities (3,189) 2,155
Net cash flows from (to) operating activities (20,230) (49,317)
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (21,270) (20,085)
Proceeds from sale of property, plant and equipment 151 52
Capitalized software (6,187) (8,138)
Acquisition spending, net of cash acquired (34,064) 0
Purchase of investments (958) 0
Sales or maturities of investments 900 0
Other – net 502 0
Net cash flows from (to) investing activities (60,926) (28,171)
Net Cash Flows From (To) Financing Activities:    
Proceeds from sales of HNI Corporation common stock 1,005 8,954
Purchase of HNI Corporation common stock (1,692) (5,294)
Proceeds from note and long-term debt 273,154 130,524
Payments of note and long-term debt and other financing (169,540) (55,567)
Excess tax benefits from stock compensation 6 1,313
Dividends paid (11,759) (11,117)
Net cash flows from (to) financing activities 91,174 68,813
Net increase (decrease) in cash and cash equivalents 10,018 (8,675)
Cash and cash equivalents at beginning of period 28,548 34,144
Cash and cash equivalents at end of period $ 38,566 $ 25,469