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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Income Statement [Abstract]    
Net sales $ 572,328 $ 484,293
Cost of sales 375,419 304,347
Gross profit 196,909 179,946
Selling and administrative expenses 176,472 157,346
Operating income 20,437 22,600
Interest expense, net 1,986 1,755
Income before income taxes 18,451 20,845
Income taxes 4,274 5,827
Net income 14,177 15,018
Less: Net loss attributable to non-controlling interest (1) (1)
Net income attributable to HNI Corporation $ 14,178 $ 15,019
Average number of common shares outstanding – basic (in shares) 42,388 43,163
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.33 $ 0.35
Average number of common shares outstanding – diluted (in shares) 43,072 43,584
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.33 $ 0.34
Foreign currency translation adjustments $ (568) $ (132)
Change in unrealized gains (losses) on marketable securities, net of tax (410) (100)
Change in derivative financial instruments, net of tax 913 263
Other comprehensive income (loss), net of tax (65) 31
Comprehensive income 14,112 15,049
Less: Comprehensive loss attributable to non-controlling interest (1) (1)
Comprehensive income attributable to HNI Corporation $ 14,113 $ 15,050