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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Income Statement [Abstract]        
Net sales $ 543,614 $ 514,485 $ 1,048,683 $ 992,152
Cost of sales 342,744 329,733 670,894 633,677
Gross profit 200,870 184,752 377,789 358,475
Selling and administrative expenses 172,973 162,684 344,868 326,350
Restructuring and impairment charges 837 419 2,175 2,542
Operating income 27,060 21,649 30,746 29,583
Interest income 89 325 202 396
Interest expense 2,718 1,347 5,055 2,393
Income before income taxes 24,431 20,627 25,893 27,586
Income taxes 5,835 6,771 4,836 8,949
Net income 18,596 13,856 21,057 18,637
Less: Net income (loss) attributable to non-controlling interest (1) 8 (50) (48)
Net income attributable to HNI Corporation $ 18,597 $ 13,848 $ 21,107 $ 18,685
Average number of common shares outstanding – basic (in shares) 43,665,411 44,178,287 43,512,691 44,114,164
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.43 $ 0.31 $ 0.49 $ 0.42
Average number of common shares outstanding – diluted (in shares) 44,289,662 45,305,547 44,201,285 45,375,451
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.42 $ 0.31 $ 0.48 $ 0.41
Foreign currency translation adjustments $ (1,128) $ 115 $ (1,127) $ 459
Change in unrealized gains (losses) on marketable securities, net of tax (13) 19 (92) 37
Change in derivative financial instruments, net of tax 326 (394) 1,353 (129)
Other comprehensive income (loss), net of tax (815) (260) 134 367
Comprehensive income 17,781 13,596 21,191 19,004
Less: Comprehensive income (loss) attributable to non-controlling interest (1) 8 (50) (48)
Comprehensive income attributable to HNI Corporation $ 17,782 $ 13,588 $ 21,241 $ 19,052