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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Net Cash Flows From (To) Operating Activities:    
Net income $ 40,869 $ 32,329
Noncash items included in net income:    
Depreciation and amortization 31,631 27,795
Other postretirement and post employment benefits 821 881
Stock-based compensation 6,441 6,262
Excess tax benefits from stock compensation (485) (1,552)
Deferred income taxes 6,442 3,437
(Gain) loss on sale, retirement and impairment of long-lived assets and intangibles, net 130 183
Other – net 5,921 2,012
Net increase (decrease) in operating assets and liabilities (53,949) (106,618)
Increase (decrease) in other liabilities (5,997) 3,367
Net cash flows from (to) operating activities 31,824 (31,904)
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (42,422) (33,732)
Proceeds from sale of property, plant and equipment 499 124
Capitalized software (13,434) (16,150)
Acquisition spending, net of cash acquired (34,064) 0
Purchase of investments (4,875) (798)
Sales or maturities of investments 4,758 1,550
Other – net 501 0
Net cash flows from (to) investing activities (89,037) (49,006)
Net Cash Flows From (To) Financing Activities:    
Proceeds from sales of HNI Corporation common stock 5,401 10,457
Withholdings related to net share settlements of equity based awards 0 (171)
Purchase of HNI Corporation common stock (8,745) (15,203)
Proceeds from note and long-term debt 506,359 347,929
Payments of note and long-term debt and other financing (426,410) (241,467)
Excess tax benefits from stock compensation 485 1,552
Dividends paid (23,984) (22,893)
Net cash flows from (to) financing activities 53,106 80,204
Net increase (decrease) in cash and cash equivalents (4,107) (706)
Cash and cash equivalents at beginning of period 28,548 34,144
Cash and cash equivalents at end of period $ 24,441 $ 33,438