XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Dec. 29, 2018
Income Statement [Abstract]      
Net sales $ 1,955,363 $ 2,246,947 $ 2,257,895
Cost of sales 1,234,243 1,413,185 1,422,857
Gross profit 721,120 833,762 835,038
Selling and administrative expenses 620,927 680,049 691,140
Restructuring and impairment charges 38,818 2,371 15,725
Operating income 61,375 151,342 128,173
Interest expense, net 6,990 8,628 9,448
Income before income taxes 54,385 142,714 118,725
Income tax expense 12,466 32,211 25,399
Net income 41,919 110,503 93,326
Less: Net income (loss) attributable to non-controlling interest 2 (2) (51)
Net income attributable to HNI Corporation $ 41,917 $ 110,505 $ 93,377
Average number of common shares outstanding – basic (in shares) 42,689,000 43,101,000 43,639,000
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.98 $ 2.56 $ 2.14
Average number of common shares outstanding - diluted (in shares) 42,956,000 43,495,000 44,328,000
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.98 $ 2.54 $ 2.11
Foreign currency translation adjustments $ 1,841 $ 61 $ (3,004)
Change in unrealized gains (losses) on marketable securities, net of tax 265 251 (24)
Change in pension and post-retirement liability, net of tax (920) (2,833) 2,701
Change in derivative financial instruments, net of tax (2,266) (1,953)  
Change in derivative financial instruments, net of tax     339
Other comprehensive income (loss), net of tax (1,080) (4,474) 12
Comprehensive income 40,839 106,029 93,338
Less: Comprehensive income (loss) attributable to non-controlling interest 2 (2) (51)
Comprehensive income attributable to HNI Corporation $ 40,837 $ 106,031 $ 93,389