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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Net sales $ 621.7 $ 510.5 $ 1,194.1 $ 994.7
Cost of sales 401.2 322.6 776.6 626.9
Gross profit 220.6 187.9 417.5 367.8
Selling and administrative expenses 189.7 163.2 366.1 320.5
Impairment charges 1.0 0.0 1.0 0.0
Operating income 29.9 24.7 50.3 47.3
Interest expense, net 2.1 1.9 4.1 3.6
Income before income taxes 27.8 22.8 46.2 43.7
Income taxes (2.5) 5.4 1.8 11.2
Net income 30.3 17.4 44.5 32.4
Less: Net income (loss) attributable to non-controlling interest 0.0 (0.0) (0.0) (0.0)
Net income attributable to HNI Corporation $ 30.3 $ 17.4 $ 44.5 $ 32.4
Average number of common shares outstanding – basic (in shares) 41.8 43.8 42.1 43.5
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.73 $ 0.40 $ 1.06 $ 0.75
Average number of common shares outstanding – diluted (in shares) 42.4 44.5 42.7 44.0
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.72 $ 0.39 $ 1.04 $ 0.74
Foreign currency translation adjustments $ (1.3) $ 0.2 $ (1.8) $ 0.1
Change in unrealized gains (losses) on marketable securities, net of tax (0.1) (0.0) (0.5) (0.1)
Change in derivative financial instruments, net of tax 0.1 0.1 1.0 0.4
Other comprehensive income (loss), net of tax (1.3) 0.3 (1.3) 0.3
Comprehensive income 29.0 17.7 43.1 32.8
Less: Comprehensive income (loss) attributable to non-controlling interest 0.0 (0.0) (0.0) (0.0)
Comprehensive income attributable to HNI Corporation $ 29.0 $ 17.7 $ 43.1 $ 32.8