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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net sales $ 625,386 $ 611,120 $ 1,630,868 $ 1,659,803
Cost of sales 387,715 377,789 1,030,993 1,048,683
Gross profit 237,671 233,331 599,875 611,120
Selling and administrative expenses 176,731 179,577 511,080 524,445
Restructuring and impairment charges 284 128 1,214 2,303
Operating income 60,656 53,626 87,581 84,372
Interest expense, net 2,205 2,522 6,795 7,375
Income before income taxes 58,451 51,104 80,786 76,997
Income taxes 12,375 11,197 17,878 16,033
Net income 46,076 39,907 62,908 60,964
Less: Net loss attributable to non-controlling interest (2) 0 (2) (50)
Net income attributable to HNI Corporation $ 46,078 $ 39,907 $ 62,910 $ 61,014
Average number of common shares outstanding – basic (in shares) 42,899 43,823 43,217 43,616
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 1.07 $ 0.91 $ 1.46 $ 1.40
Average number of common shares outstanding – diluted (in shares) 43,186 44,679 43,620 44,349
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 1.07 $ 0.89 $ 1.44 $ 1.38
Foreign currency translation adjustments $ (1,035) $ (817) $ (406) $ (1,944)
Change in unrealized gains (losses) on marketable securities, net of tax 36 (6) 252 (99)
Change in pension and post-retirement liability, net of tax 0 0 (1,185) 0
Change in derivative financial instruments, net of tax (477)   (2,112)  
Change in derivative financial instruments, net of tax   106   1,459
Other comprehensive loss, net of tax (1,476) (717) (3,451) (584)
Comprehensive income 44,600 39,190 59,457 60,380
Less: Comprehensive loss attributable to non-controlling interest (2) 0 (2) (50)
Comprehensive income attributable to HNI Corporation $ 44,602 $ 39,190 $ 59,459 $ 60,430