Earnings Per Share

3 Months Ended

Apr. 01, 2017

The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS"):



	Three Months Ended
(In thousands, except per share data)	April 1, 2017		April 2, 2016
Numerators:
Numerator for both basic and diluted EPS attributable to HNI Corporation net income	$	4,837	$	11,843
Denominators:
Denominator for basic EPS weighted-average common shares outstanding	44,050		44,258
Potentially dilutive shares from stock-based compensation plans	1,403		782
Denominator for diluted EPS	45,453		45,040
Earnings per share – basic	$	0.11	$	0.27
Earnings per share – diluted	$	0.11	$	0.26

The weighted average common stock equivalents presented above do not include the effect of 615,895 and 1,446,530 common stock equivalents for the three months ended April 1, 2017 and April 2, 2016, respectively, because their inclusion would be anti-dilutive. The Corporation implemented ASU No. 2016-09 in the first quarter of fiscal 2017, which had an immaterial impact on the number of potentially dilutive shares from stock-based compensation plans. See "Note 13. Recently Adopted Accounting Standards" for more information regarding the implementation of ASU No. 2016-09.