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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Net Cash Flows From (To) Operating Activities:    
Net income (loss) $ (11,341) $ 16,831
Non-cash items included in net income (loss):    
Depreciation and amortization 38,605 38,450
Other post-retirement and post-employment benefits 736 738
Stock-based compensation 5,659 4,072
Reduction in carrying amount of right-of-use assets 11,342 11,617
Deferred income taxes 1,092 1,360
Impairment of goodwill and intangible assets 32,661 0
Other – net (284) 3,856
Net increase (decrease) in operating assets and liabilities, net of divestitures (49,631) (56,281)
Increase (decrease) in other liabilities (1,019) (7,876)
Net cash flows from (to) operating activities 27,820 12,767
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (15,739) (34,659)
Proceeds from sale of property, plant, and equipment 69 159
Capitalized software (5,037) (2,948)
Acquisition spending, net of cash acquired (10,857) 0
Purchase of investments (1,631) (2,459)
Sales or maturities of investments 1,043 1,802
Other – net 0 2,025
Net cash flows from (to) investing activities (32,152) (36,080)
Net Cash Flows From (To) Financing Activities:    
Payments of long-term debt (73,828) (40,272)
Proceeds from long-term debt 82,129 76,677
Dividends paid (26,040) (26,075)
Purchase of HNI Corporation common stock (6,764) (57,357)
Proceeds from sales of HNI Corporation common stock 1,294 18,906
Other – net 1,672 3,397
Net cash flows from (to) financing activities (21,537) (24,724)
Net increase (decrease) in cash and cash equivalents (25,869) (48,037)
Cash and cash equivalents at beginning of period 52,073 76,819
Cash and cash equivalents at end of period $ 26,204 $ 28,782