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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Income Statement [Abstract]      
Net sales $ 2,184,408 $ 1,955,363 $ 2,246,947
Cost of sales 1,427,048 1,234,243 1,413,185
Gross profit 757,360 721,120 833,762
Selling and administrative expenses 665,641 620,927 680,049
Restructuring and impairment charges 6,299 38,818 2,371
Operating income 85,420 61,375 151,342
Interest expense, net 7,153 6,990 8,628
Income before income taxes 78,267 54,385 142,714
Income tax expense 18,456 12,466 32,211
Net income 59,811 41,919 110,503
Less: Net income (loss) attributable to non-controlling interest (3) 2 (2)
Net income attributable to HNI Corporation $ 59,814 $ 41,917 $ 110,505
Average number of common shares outstanding – basic (in shares) 43,438 42,689 43,101
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 1.38 $ 0.98 $ 2.56
Average number of common shares outstanding - diluted (in shares) 43,964 42,956 43,495
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 1.36 $ 0.98 $ 2.54
Foreign currency translation adjustments $ 417 $ 1,841 $ 61
Change in unrealized gains (losses) on marketable securities, net of tax (301) 265 251
Change in pension and post-retirement liability, net of tax 1,238 (920) (2,833)
Change in derivative financial instruments, net of tax 1,024 (2,266) (1,953)
Other comprehensive income (loss), net of tax 2,378 (1,080) (4,474)
Comprehensive income 62,189 40,839 106,029
Less: Comprehensive income (loss) attributable to non-controlling interest (3) 2 (2)
Comprehensive income attributable to HNI Corporation $ 62,192 $ 40,837 $ 106,031