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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Income Statement [Abstract]    
Net sales $ 477,667 $ 501,037
Cost of sales 303,944 315,326
Gross profit 173,723 185,711
Selling and administrative expenses 163,666 165,106
Restructuring charges 2,123 1,086
Operating income 7,934 19,519
Interest income 71 78
Interest expense 1,046 1,874
Income before income taxes 6,959 17,723
Income taxes 2,178 5,881
Net income 4,781 11,842
Less: Net loss attributable to the non-controlling interest (56) (1)
Net income attributable to HNI Corporation $ 4,837 $ 11,843
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.11 $ 0.27
Average number of common shares outstanding – basic (in shares) 44,050,040 44,258,357
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.11 $ 0.26
Average number of common shares outstanding – diluted (in shares) 45,452,664 45,039,918
Foreign currency translation adjustments $ 345 $ 157
Change in unrealized gains (losses) on marketable securities (net of tax) 18 50
Change in derivative financial instruments (net of tax) 264 (523)
Other comprehensive income (loss) (net of tax) 627 (316)
Comprehensive income 5,408 11,526
Less: Comprehensive (loss) attributable to non-controlling interest (56) (1)
Comprehensive income attributable to HNI Corporation $ 5,464 $ 11,527