Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 28, 2019

Accounting Policies [Abstract]

Schedule of Cash, Cash Equivalents and Investments

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

	December 28, 2019		December 29, 2018
Amortized cost basis of debt securities	$	12,542	$	12,202

Cash, cash equivalents, and investments are reflected in the Consolidated Balance Sheets and were as follows (in thousands):

	December 28, 2019						December 29, 2018
	Cash and cash equivalents		Short-term investments		Other Assets		Cash and cash equivalents		Short-term investments		Other Assets
Debt securities	$	—	$	1,096	$	11,566	$	—	$	1,327	$	10,677
Equity investment	—		—		1,500		—		—		—
Cash and money market accounts	52,073		—		—		76,819		—		—
Total	$	52,073	$	1,096	$	13,066	$	76,819	$	1,327	$	10,677

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		Balance at end of period
Year ended December 28, 2019	$	3,867	$	508	$	816	$	3,559
Year ended December 29, 2018	$	1,904	$	2,440	$	477	$	3,867
Year ended December 30, 2017	$	2,140	$	846	$	1,082	$	1,904

Schedule Of Inventory Current Table

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

	December 28, 2019			December 29, 2018
Finished products	$	118,633		$	97,398
Materials and work in process	75,526			94,161
Last-in, first-out ("LIFO") allowance	(30,694		)	(34,381		)
Total inventories	$	163,465		$	157,178
Inventory valued by the LIFO costing method	65		%	81		%

Schedule of Property, Plant and Equipment

Total depreciation expense was as follows (in thousands):

	2019		2018		2017
Depreciation expense	$	53,022	$	51,063	$	56,494

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 28, 2019		December 29, 2018
Trade accounts payable	$	227,557	$	221,395
Compensation	53,147		52,227
Profit sharing and retirement expense	28,264		28,300
Marketing expenses	46,344		36,529
Freight	15,998		13,892
Other accrued expenses	81,892		76,522
	$	453,202	$	428,865

Schedule of Product Warranties

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

	December 28, 2019		December 29, 2018
Current - in the next twelve months	$	7,940	$	9,455
Long-term - beyond one year	7,925		5,995
	$	15,865	$	15,450

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

	2019			2018			2017
Balance at beginning of period	$	15,450		$	15,388		$	15,250
Accruals for warranties issued during period	19,600			22,697			20,075
Adjustments related to pre-existing warranties	906			233			194
Settlements made during the period	(20,091		)	(22,868		)	(20,131		)
Balance at end of period	$	15,865		$	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):

	2019		2018		2017
Research and development costs	$	34,699	$	33,420	$	31,846

Schedule of Freight Expense

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

	2019		2018		2017
Freight expense	$	123,667	$	134,190	$	119,096

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):

	2019		2018		2017
Numerator:
Numerator for both basic and diluted EPS attributable to HNI Corporation net income	$	110,505	$	93,377	$	89,795
Denominators:
Denominator for basic EPS weighted-average common shares outstanding	43,101		43,639		43,839
Potentially dilutive shares from stock-based compensation plans	394		689		1,001
Denominator for diluted EPS	43,495		44,328		44,840
Earnings per share – basic	$	2.56	$	2.14	$	2.05
Earnings per share – diluted	$	2.54	$	2.11	$	2.00

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 (in thousands):

	2019	2018	2017
Common stock equivalents excluded because their inclusion would be anti-dilutive	2,131	1,508	809

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 28, 2019		December 29, 2018
General, auto, product, and workers' compensation liabilities	$	26,233	$	30,227