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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Net Cash Flows From (To) Operating Activities:    
Net income $ (23,896) $ 1,020
Non-cash items included in net income:    
Depreciation and amortization 19,487 19,040
Other post-retirement and post-employment benefits 364 369
Stock-based compensation 4,358 2,451
Reduction in carrying amount of right-of-use assets 5,599 5,559
Deferred income taxes 12,258 1,119
Impairment of goodwill and intangible assets 32,661 0
Other – net (2,252) 2,038
Net increase (decrease) in operating assets and liabilities, net of divestitures (81,573) (55,038)
Increase (decrease) in other liabilities (312) (4,832)
Net cash flows from (to) operating activities (33,306) (28,274)
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (8,488) (17,575)
Proceeds from sale of property, plant, and equipment 49 68
Capitalized software (4,671) (1,521)
Acquisition spending, net of cash acquired (9,321) 0
Purchase of investments (1,456) 0
Sales or maturities of investments 996 450
Net cash flows from (to) investing activities (22,891) (18,578)
Net Cash Flows From (To) Financing Activities:    
Payments of long-term debt (15,000) (606)
Proceeds from long-term debt 70,129 46,897
Dividends paid (13,033) (12,872)
Purchase of HNI Corporation common stock (5,839) (23,869)
Proceeds from sales of HNI Corporation common stock 722 5,413
Other – net 2,558 2,942
Net cash flows from (to) financing activities 39,537 17,905
Net increase (decrease) in cash and cash equivalents (16,660) (28,947)
Cash and cash equivalents at beginning of period 52,073 76,819
Cash and cash equivalents at end of period $ 35,413 $ 47,872