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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Income Statement [Abstract]        
Net sales $ 507,063 $ 625,386 $ 1,393,224 $ 1,630,868
Cost of sales 321,516 387,715 880,754 1,030,993
Gross profit 185,547 237,671 512,470 599,875
Selling and administrative expenses 146,785 176,731 449,933 511,080
Impairment and restructuring charges 0 284 32,661 1,214
Operating income 38,762 60,656 29,876 87,581
Interest expense, net 1,517 2,205 5,271 6,795
Income before income taxes 37,245 58,451 24,605 80,786
Income taxes 6,558 12,375 5,259 17,878
Net income 30,687 46,076 19,346 62,908
Less: Net income (loss) attributable to non-controlling interest (1) (2) (3) (2)
Net income attributable to HNI Corporation $ 30,688 $ 46,078 $ 19,349 $ 62,910
Average number of common shares outstanding – basic (in shares) 42,684 42,899 42,651 43,217
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.72 $ 1.07 $ 0.45 $ 1.46
Average number of common shares outstanding – diluted (in shares) 43,010 43,186 42,905 43,620
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.71 $ 1.07 $ 0.45 $ 1.44
Foreign currency translation adjustments $ 923 $ (1,035) $ 368 $ (406)
Change in unrealized gains (losses) on marketable securities, net of tax (33) 36 269 252
Change in pension and post-retirement liability, net of tax 0 0 0 (1,185)
Change in derivative financial instruments, net of tax 106 (477) (2,393) (2,112)
Other comprehensive income (loss), net of tax 996 (1,476) (1,756) (3,451)
Comprehensive income 31,683 44,600 17,590 59,457
Less: Comprehensive income (loss) attributable to non-controlling interest (1) (2) (3) (2)
Comprehensive income attributable to HNI Corporation $ 31,684 $ 44,602 $ 17,593 $ 59,459