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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 01, 2022
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalents and Investments
Cash, cash equivalents, and investments are reflected in the Consolidated Balance Sheets and were as follows (in thousands):
January 1, 2022January 2, 2021
Cash and cash equivalentsShort-term investmentsOther AssetsCash and cash equivalentsShort-term investmentsOther Assets
Debt securities$— $1,392 $11,913 $— $1,687 $11,912 
Equity investment— — 2,500 — — 1,500 
Cash and money market accounts52,270 — — 116,120 — — 
Total$52,270 $1,392 $14,413 $116,120 $1,687 $13,412 
The following table summarizes the amortized cost basis of the debt securities (in thousands):
January 1, 2022January 2, 2021
Amortized cost basis of debt securities$13,231 $13,143 
Allowance for Doubtful Accounts The following table summarizes the change in the allowance for doubtful accounts (in thousands):
Balance at beginning of periodCurrent provision and adjustmentsAmounts written offRecoveries and otherBalance at end of period
Year ended January 1, 2022$5,514 $(879)$(1,911)$89 $2,813 
Year ended January 2, 2021$3,559 $3,625 $(1,685)$15 $5,514 
Year ended December 28, 2019$3,867 $508 $(1,099)$283 $3,559 
Schedule Of Inventory Current Table Inventories included in the Consolidated Balance Sheets consisted of the following (in thousands):
January 1, 2022January 2, 2021
Finished products$137,187 $98,527 
Materials and work in process91,996 70,264 
Last-in, first-out ("LIFO") allowance(47,592)(30,980)
Total inventories, net$181,591 $137,811 
Inventory valued by the LIFO costing method84 %75 %
Schedule of Property, Plant and Equipment Total depreciation expense was as follows (in thousands):
202120202019
Depreciation expense$52,990 $53,420 $53,022 
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued expenses are reflected in the Consolidated Balance Sheets and were as follows (in thousands):
January 1, 2022January 2, 2021
Trade accounts payable$233,759 $190,527 
Compensation55,404 49,439 
Profit sharing and retirement22,861 26,414 
Accrued marketing 31,498 31,969 
Accrued freight19,129 15,288 
Customer deposits27,218 21,101 
Other accrued expenses83,884 78,900 
$473,753 $413,638 
Schedule of Product Warranties
Activity associated with warranty obligations was as follows (in thousands):
202120202019
Balance at beginning of period$16,109 $15,865 $15,450 
Accruals for warranties issued during period7,723 9,380 11,035 
Adjustments related to pre-existing warranties(189)127 906 
Settlements made during the period(7,602)(9,263)(11,526)
Balance at end of period$16,041 $16,109 $15,865 
The following table summarizes when these estimated settlements are expected to be paid (in thousands):
January 1, 2022January 2, 2021
Current - in the next twelve months$5,442 $5,918 
Long-term - beyond one year10,599 10,191 
$16,041 $16,109 
Schedule of Product Development Expense The amounts charged against income and recorded in "Selling and administrative expenses" on the Consolidated Statements of Comprehensive Income were as follows (in thousands):
202120202019
Research and development costs$39,415 $35,318 $34,699 
Schedule of Freight Expense
Freight expense on shipments to customers was recorded in "Selling and administrative expenses" on the Consolidated Statements of Comprehensive Income as follows (in thousands):
202120202019
Freight expense$118,196 $98,417 $123,667 
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS") (in thousands, except per share data):
202120202019
Numerator:   
Numerator for both basic and diluted EPS attributable to HNI Corporation net income$59,814 $41,917 $110,505 
Denominators:   
Denominator for basic EPS weighted-average common shares outstanding43,438 42,689 43,101 
Potentially dilutive shares from stock-based compensation plans526 267 394 
Denominator for diluted EPS43,964 42,956 43,495 
Earnings per share – basic$1.38 $0.98 $2.56 
Earnings per share – diluted$1.36 $0.98 $2.54 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The weighted-average common stock equivalents presented above do not include the effect of the common stock equivalents in the table below because their inclusion would be anti-dilutive (in thousands):
202120202019
Common stock equivalents excluded because their inclusion would be anti-dilutive1,606 3,110 2,131 
Schedule of Insurance Reserves The general, auto, product, and workers’ compensation liabilities are managed using a wholly-owned insurance captive and the related liabilities are included in the Consolidated Balance Sheets as follows (in thousands):
January 1, 2022January 2, 2021
General, auto, product, and workers' compensation liabilities$26,300 $25,666