XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 01, 2022
Jan. 02, 2021
Current Assets:    
Cash and cash equivalents $ 52,270 $ 116,120
Short-term investments 1,392 1,687
Receivables 239,955 207,971
Allowance for doubtful accounts (2,813) (5,514)
Inventories, net 181,591 137,811
Prepaid expenses and other current assets 51,099 37,660
Total Current Assets 523,494 495,735
Property, Plant, and Equipment:    
Land and land improvements 30,851 29,691
Buildings 294,545 293,708
Machinery and equipment 593,630 578,643
Construction in progress 29,663 17,750
Property, Plant, and Equipment 948,689 919,792
Less accumulated depreciation (581,909) (553,835)
Net Property, Plant, and Equipment 366,780 365,957
Right-of-use - Finance Leases 10,173 6,095
Right-of-use - Operating Leases 82,881 70,219
Goodwill and Other Intangible Assets 471,502 458,896
Other Assets 43,067 21,130
Total Assets 1,497,897 1,418,032
Current Liabilities:    
Accounts payable and accrued expenses 473,753 413,638
Current maturities of debt 3,221 841
Current maturities of other long-term obligations 3,910 2,990
Current lease obligations - Finance 2,765 1,589
Current lease obligations - Operating 22,799 19,970
Total Current Liabilities 506,448 439,028
Long-Term Debt 174,608 174,524
Long-Term Lease Obligations - Finance 7,373 4,516
Long-Term Lease Obligations - Operating 63,757 53,249
Other Long-Term Liabilities 80,736 81,264
Deferred Income Taxes 75,008 74,706
HNI Corporation shareholders' equity:    
Preferred stock - $1 par value, authorized 2,000 shares, no shares outstanding 0 0
Common stock - $1 par value, authorized 200,000 shares, outstanding: January 2, 2021 - 42,919 shares; December 28, 2019 - 42,595 shares 42,582 42,919
Additional paid-in capital 39,192 38,659
Retained earnings 514,645 517,994
Accumulated other comprehensive loss (6,775) (9,153)
Total HNI Corporation shareholders' equity 589,644 590,419
Non-controlling interest 323 326
Total Equity 589,967 590,745
Total Liabilities and Equity $ 1,497,897 $ 1,418,032