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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net sales $ 417,456 $ 526,026 $ 886,161 $ 1,005,482
Cost of sales 266,551 333,437 559,238 643,279
Gross profit 150,905 192,589 326,923 362,203
Selling and administrative expenses 136,063 168,411 303,148 334,348
Impairment and restructuring charges 0 930 32,661 930
Operating income (loss) 14,842 23,248 (8,886) 26,925
Interest expense, net 1,943 2,480 3,754 4,591
Income (loss) before income taxes 12,899 20,768 (12,640) 22,334
Income taxes 345 4,957 (1,299) 5,503
Net income (loss) 12,554 15,811 (11,341) 16,831
Less: Net income (loss) attributable to non-controlling interest (2) 1 (2) (1)
Net income (loss) attributable to HNI Corporation $ 12,556 $ 15,810 $ (11,339) $ 16,832
Average number of common shares outstanding – basic (in shares) 42,640 43,218 42,634 43,376
Net income (loss) attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.29 $ 0.37 $ (0.27) $ 0.39
Average number of common shares outstanding – diluted (in shares) 42,929 43,634 42,634 43,860
Net income (loss) attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.29 $ 0.36 $ (0.27) $ 0.38
Foreign currency translation adjustments $ 45 $ (333) $ (555) $ 630
Change in unrealized gains (losses) on marketable securities, net of tax 244 126 302 216
Change in pension and post-retirement liability, net of tax 0 0 0 (1,185)
Change in derivative financial instruments, net of tax (283) (1,327) (2,499) (1,636)
Other comprehensive income (loss), net of tax 6 (1,534) (2,752) (1,975)
Comprehensive income (loss) 12,560 14,277 (14,093) 14,856
Less: Comprehensive income (loss) attributable to non-controlling interest (2) 1 (2) (1)
Comprehensive income (loss) attributable to HNI Corporation $ 12,562 $ 14,276 $ (14,091) $ 14,857