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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Net Cash Flows From (To) Operating Activities:      
Net income (loss) $ 110,503 $ 93,326 $ 89,898
Non-cash items included in net income:      
Depreciation and amortization 77,427 74,788 72,872
Other post-retirement and post-employment benefits 1,475 1,767 1,592
Stock-based compensation 6,830 7,317 7,750
Operating / finance lease interest and amortization 22,936    
Deferred income taxes 6,750 3,197 (33,606)
Loss on sale and retirement of long-lived assets, net 2,014 16,264 30,892
Other – net 3,593 (1,736) (1,949)
Net increase (decrease) in operating assets and liabilities, net of divestitures (3,280) (10,729) (29,409)
Increase (decrease) in other liabilities (8,868) 2,236 (4,891)
Net cash flows from (to) operating activities 219,380 186,430 133,149
Net Cash Flows From (To) Investing Activities:      
Capital expenditures (60,826) (55,648) (109,243)
Proceeds from sale and license of property, plant, and equipment, and intangibles 327 23,767 9,009
Acquisition spending, net of cash acquired 0 (2,850) (898)
Capitalized software (6,059) (8,048) (18,148)
Purchase of investments (6,702) (2,676) (3,451)
Sales or maturities of investments 4,845 3,100 3,197
Other – net 5,520 1,135 1,510
Net cash flows from (to) investing activities (62,895) (41,220) (118,024)
Net Cash Flows From (To) Financing Activities:      
Payments of long-term debt (215,934) (348,987) (276,736)
Proceeds from long-term debt 141,035 323,075 339,337
Dividends paid (52,232) (51,085) (49,557)
Purchase of HNI Corporation common stock (83,887) (30,452) (57,505)
Proceeds from sales of HNI Corporation common stock 30,473 19,606 14,224
Other – net (686) (3,896) 2,148
Net cash flows from (to) financing activities (181,231) (91,739) (28,089)
Net increase (decrease) in cash and cash equivalents (24,746) 53,471 (12,964)
Cash and cash equivalents at beginning of period 76,819 23,348 36,312
Cash and cash equivalents at end of period $ 52,073 $ 76,819 $ 23,348