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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Net Cash Flows From (To) Operating Activities:      
Net income $ 59,811 $ 41,919 $ 110,503
Non-cash items included in net income:      
Depreciation and amortization 83,146 77,683 77,427
Other post-retirement and post-employment benefits 1,328 1,472 1,475
Stock-based compensation 12,881 7,827 6,830
Reduction in carrying amount of right-of-use assets 25,206 22,997 22,936
Deferred income taxes (372) (12,005) 6,750
Impairment of goodwill and intangible assets 5,750 39,580 0
Other – net 4,047 3,064 5,607
Net increase (decrease) in cash from operating assets and liabilities (59,635) 24,204 (3,280)
Increase (decrease) in other liabilities (530) 7,728 (8,868)
Net cash flows from (to) operating activities 131,632 214,469 219,380
Net Cash Flows From (To) Investing Activities:      
Capital expenditures (53,463) (32,296) (60,826)
Acquisition spending, net of cash acquired (44,552) (58,258) 0
Capitalized software (13,085) (9,506) (6,059)
Purchase of investments (3,411) (4,222) (6,702)
Sales or maturities of investments 3,295 3,611 4,845
Other – net 210 299 5,847
Net cash flows from (to) investing activities (111,006) (100,372) (62,895)
Net Cash Flows From (To) Financing Activities:      
Payments of debt (2,556) (83,179) (215,934)
Proceeds from debt 4,966 83,309 141,035
Dividends paid (53,750) (52,096) (52,232)
Purchase of HNI Corporation common stock (59,167) (6,764) (83,887)
Proceeds from sales of HNI Corporation common stock 31,135 8,064 30,473
Other – net (5,104) 616 (686)
Net cash flows from (to) financing activities (84,476) (50,050) (181,231)
Net increase (decrease) in cash and cash equivalents (63,850) 64,047 (24,746)
Cash and cash equivalents at beginning of period 116,120 52,073 76,819
Cash and cash equivalents at end of period $ 52,270 $ 116,120 $ 52,073