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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Net Cash Flows From (To) Operating Activities:    
Net income $ 14,177 $ 15,018
Non-cash items included in net income:    
Depreciation and amortization 21,098 20,463
Other post-retirement and post-employment benefits 330 332
Stock-based compensation 5,638 5,220
Reduction in carrying amount of right-of-use assets 6,328 6,537
Deferred income taxes (1,157) 1,076
Other – net (882) 1,315
Net decrease in cash from operating assets and liabilities (80,773) (51,436)
Increase (decrease) in other liabilities (3,709) 3,159
Net cash flows from (to) operating activities (38,950) 1,684
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (15,098) (16,197)
Proceeds from sale of property, plant, and equipment 0 48
Capitalized software (3,138) (2,767)
Acquisition spending, net of cash acquired (1,654) (1,408)
Purchase of investments (971) (598)
Sales or maturities of investments 704 515
Net cash flows from (to) investing activities (20,157) (20,407)
Net Cash Flows From (To) Financing Activities:    
Payments of debt (100,538) (118)
Proceeds from debt 165,822 547
Dividends paid (13,359) (13,234)
Purchase of HNI Corporation common stock (25,158) 0
Proceeds from sales of HNI Corporation common stock 2,749 13,030
Other – net 804 (3,341)
Net cash flows from (to) financing activities 30,320 (3,116)
Net decrease in cash and cash equivalents (28,787) (21,839)
Cash and cash equivalents at beginning of period 52,270 116,120
Cash and cash equivalents at end of period $ 23,483 $ 94,281