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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Net Cash Flows From (To) Operating Activities:    
Net income $ 74,681 $ 73,175
Non-cash items included in net income:    
Depreciation and amortization 48,908 42,299
Other post retirement and post employment benefits 1,232 1,392
Stock-based compensation 7,400 7,953
Excess tax benefits from stock compensation (1,797) (1,581)
Deferred income taxes 14,371 8,411
(Gain) loss on sale, retirement and impairment of long-lived assets and intangibles, net 841 349
Other – net 980 (1,199)
Net increase (decrease) in operating assets and liabilities (26,582) (74,897)
Increase (decrease) in other liabilities (6,327) 2,500
Net cash flows from (to) operating activities 113,707 58,402
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (62,796) (58,029)
Proceeds from sale of property, plant and equipment 987 783
Capitalized software (19,703) (23,544)
Acquisition spending, net of cash acquired (33,567) 0
Purchase of investments (8,724) (2,861)
Sales or maturities of investments 8,581 2,750
Other – net 500 0
Net cash flows from (to) investing activities (114,722) (80,901)
Net Cash Flows From (To) Financing Activities:    
Proceeds from sales of HNI Corporation common stock 20,871 11,548
Withholdings related to net share settlements of equity based awards 0 171
Purchase of HNI Corporation common stock (30,406) (24,779)
Proceeds from note and long-term debt 543,286 400,979
Payments of note and long-term debt and other financing (499,486) (341,558)
Excess tax benefits from stock compensation 1,797 1,581
Dividends paid (36,260) (34,629)
Net cash flows from (to) financing activities (198) 12,971
Net increase (decrease) in cash and cash equivalents (1,213) (9,528)
Cash and cash equivalents at beginning of period 28,548 34,144
Cash and cash equivalents at end of period $ 27,335 $ 24,616