Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 29, 2018

Accounting Policies [Abstract]

Schedule of Cash, Cash Equivalents and Investments

Cash, cash equivalents, and investments consisted of the following (in thousands):

	December 29, 2018						December 30, 2017
	Cash and cash equivalents		Short-term investments		Long-term investments		Cash and cash equivalents		Short-term investments		Long-term investments
Available-for-sale securities:
Debt securities	—		1,327		10,677		—		2,015		10,479
Cash and money market accounts	76,819		—		—		23,348		—		—
Total	$	76,819	$	1,327	$	10,677	$	23,348	$	2,015	$	10,479

The following table summarizes the amortized cost basis of the debt securities (in thousands):

	December 29, 2018		December 30, 2017
Amortized cost basis of debt securities	$	12,202	$	12,660

Allowance for Doubtful Accounts

The following table summarizes the change in the allowance for doubtful accounts (in thousands):

	Balance at beginning of period		Adjustments to allowance			Amounts written off, net of recoveries and other adjustments		Divestitures		Balance at end of period
Year ended December 29, 2018	$	1,904	$	2,440		$	477	$	—	$	3,867
Year ended December 30, 2017	$	2,140	$	846		$	1,082	$	—	$	1,904
Year ended December 31, 2016	$	4,287	$	(357	)	$	1,598	$	192	$	2,140

Schedule Of Inventory Current Table

Inventories included in the Consolidated Balance Sheets consisted of the following (in thousands):

	December 29, 2018			December 30, 2017
Finished products	$	97,398		$	101,715
Materials and work in process	94,161			81,202
Last-in,first-out ("LIFO") allowance	(34,381		)	(27,234		)
Total inventories	$	157,178		$	155,683
Inventory valued by the LIFO costing method	81.40		%	83.36		%

Schedule of Property, Plant and Equipment

Total depreciation expense was as follows (in thousands):

	2018		2017		2016
Depreciation expense	$	51,063	$	56,494	$	57,171

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued expenses are reflected in the Consolidated Balance Sheets and were as follows (in thousands):

	December 29, 2018		December 30, 2017
Trade accounts payable	$	221,395	$	235,577
Compensation	52,227		47,277
Profit sharing and retirement expense	28,300		30,884
Marketing expenses	36,529		41,751
Freight	13,892		13,121
Other accrued expenses	76,522		81,518
	$	428,865	$	450,128

Schedule of Product Warranties

Activity associated with warranty obligations was as follows (in thousands):

	2018			2017			2016
Balance at beginning of period	$	15,388		$	15,250		$	16,227
Accruals settled from divestiture	—			—			(538		)
Accruals for warranties issued during period	22,697			20,075			20,055
Adjustments related to pre-existing warranties	233			194			604
Settlements made during the period	(22,868		)	(20,131		)	(21,098		)
Balance at end of period	$	15,450		$	15,388		$	15,250

The following table summarizes when these estimated settlements are expected to be paid (in thousands):

	December 29, 2018		December 30, 2017
Current - in the next twelve months	$	9,455	$	9,524
Long-term - beyond one year	5,995		5,864
	$	15,450	$	15,388

Schedule of Product Development Expense

The amounts charged against income and recorded in "Selling and administrative expenses" on the Consolidated Statements of Comprehensive Income were as follows (in thousands):

	2018		2017		2016
Product development costs	$	33,420	$	31,846	$	28,089

Schedule of Freight Expense

Freight expense on shipments to customers were recorded in "Selling and administrative expenses" on the Consolidated Statements of Comprehensive Income as follows (in thousands):

	2018		2017		2016
Freight expense	$	134,190	$	119,096	$	115,157

Schedule of Earnings Per Share, Basic and Diluted

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

	2018		2017		2016
Numerator:
Numerator for both basic and diluted EPS attributable to HNI Corporation net income	$	93,377	$	89,795	$	85,577
Denominators:
Denominator for basic EPS weighted-average common shares outstanding	43,639		43,839		44,414
Potentially dilutive shares from stock-based compensation plans	689		1,001		1,088
Denominator for diluted EPS	44,328		44,840		45,502
Earnings per share – basic	$	2.14	$	2.05	$	1.93
Earnings per share – diluted	$	2.11	$	2.00	$	1.88

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The weighted-average common stock equivalents presented above do not include the effect of the common stock equivalents in the table below because their inclusion would be anti-dilutive.

	2018	2017	2016
Common stock equivalents excluded because their inclusion would be anti-dilutive	1,507,870	809,420	416,142

Schedule of Insurance Reserves

The general, auto, product, and workers’ compensation liabilities are managed using a wholly-owned insurance captive and the related liabilities are included in the Consolidated Balance Sheets as follows (in thousands):

	December 29, 2018		December 30, 2017
General, auto, product, and workers' compensation liabilities	$	30,227	$	27,591