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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Net Cash Flows From (To) Operating Activities:    
Net income $ 51,589 $ 19,346
Non-cash items included in net income:    
Depreciation and amortization 62,010 57,917
Other post-retirement and post-employment benefits 996 1,104
Stock-based compensation 9,540 6,746
Reduction in carrying amount of right-of-use assets 18,964 16,965
Deferred income taxes (2,057) (3,730)
Impairment of goodwill and intangible assets 0 32,661
Other – net 2,640 815
Net increase (decrease) in cash from operating assets and liabilities (64,073) 13,316
Increase (decrease) in other liabilities 8,925 (1,779)
Net cash flows from (to) operating activities 88,534 143,361
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (38,182) (24,751)
Proceeds from sale of property, plant, and equipment 193 81
Capitalized software (9,613) (7,250)
Acquisition spending, net of cash acquired (1,530) (10,857)
Purchase of investments (3,273) (3,922)
Sales or maturities of investments 3,164 3,246
Net cash flows from (to) investing activities (49,241) (43,453)
Net Cash Flows From (To) Financing Activities:    
Payments of long-term debt (1,810) (82,828)
Proceeds from long-term debt 4,335 82,119
Dividends paid (40,419) (39,060)
Purchase of HNI Corporation common stock (18,461) (6,764)
Proceeds from sales of HNI Corporation common stock 29,944 2,210
Other – net (2,566) 1,727
Net cash flows from (to) financing activities (28,977) (42,596)
Net increase in cash and cash equivalents 10,316 57,312
Cash and cash equivalents at beginning of period 116,120 52,073
Cash and cash equivalents at end of period $ 126,436 $ 109,385