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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Income Statement [Abstract]        
Net sales $ 584,629 $ 615,850 $ 1,622,204 $ 1,707,553
Cost of sales 363,075 384,219 1,006,019 1,085,298
Gross profit 221,554 231,631 616,185 622,255
Selling and administrative expenses 169,495 170,371 496,920 506,354
Restructuring charges 399 172 2,057 (12)
Operating income 51,660 61,088 117,208 115,913
Interest income 80 110 221 318
Interest expense 1,091 1,733 4,096 5,689
Income before income taxes 50,649 59,465 113,333 110,542
Income taxes 16,837 18,619 38,652 37,367
Net income 33,812 40,846 74,681 73,175
Less: Net loss attributable to the noncontrolling interest (1) (2) (4) (30)
Net income attributable to HNI Corporation $ 33,813 $ 40,848 $ 74,685 $ 73,205
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.76 $ 0.92 $ 1.68 $ 1.65
Average number of common shares outstanding – basic 44,547,375 44,263,027 44,412,310 44,327,608
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.74 $ 0.90 $ 1.64 $ 1.61
Average number of common shares outstanding – diluted 45,844,566 45,402,537 45,488,067 45,516,521
Foreign currency translation adjustments $ (80) $ (1,388) $ (678) $ (1,241)
Change in unrealized gains (losses) on marketable securities (net of tax) (62) 24 11 22
Change in derivative financial instruments (net of tax) 422 (273) (1,131) 297
Other comprehensive gain (loss) net of tax 280 (1,637) (1,798) (922)
Comprehensive income 34,092 39,209 72,883 72,253
Less: Comprehensive (loss) attributable to noncontrolling interest (1) (2) (4) (30)
Comprehensive income attributable to HNI Corporation $ 34,093 $ 39,211 $ 72,887 $ 72,283