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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Income Statement [Abstract]        
Net sales $ 598.8 $ 586.7 $ 1,792.9 $ 1,581.5
Cost of sales 389.3 391.4 1,165.9 1,018.3
Gross profit 209.5 195.4 627.0 563.2
Selling and administrative expenses 178.2 169.1 544.3 489.6
Gain on sale of subsidiary (50.6) 0.0 (50.6) 0.0
Impairment charges 0.0 0.0 1.0 0.0
Operating income 81.9 26.2 132.2 73.5
Interest expense, net 2.4 1.9 6.5 5.5
Income before income taxes 79.5 24.4 125.8 68.1
Income taxes 16.4 5.2 18.2 16.5
Net income 63.1 19.2 107.6 51.6
Less: Net income (loss) attributable to non-controlling interest (0.0) 0.0 (0.0) (0.0)
Net income attributable to HNI Corporation $ 63.1 $ 19.2 $ 107.6 $ 51.6
Average number of common shares outstanding – basic (in shares) 41.3 43.8 41.8 43.6
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 1.53 $ 0.44 $ 2.57 $ 1.18
Average number of common shares outstanding – diluted (in shares) 41.8 44.3 42.3 44.0
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 1.51 $ 0.43 $ 2.54 $ 1.17
Foreign currency translation adjustments $ (3.7) $ 0.0 $ (5.5) $ 0.1
Change in unrealized gains (losses) on marketable securities, net of tax (0.3) (0.0) (0.8) (0.2)
Change in derivative financial instruments, net of tax (0.1) 0.2 0.9 0.6
Other comprehensive income (loss), net of tax (4.0) 0.2 (5.4) 0.5
Comprehensive income 59.1 19.3 102.2 52.1
Less: Comprehensive income (loss) attributable to non-controlling interest (0.0) 0.0 (0.0) (0.0)
Comprehensive income attributable to HNI Corporation $ 59.1 $ 19.3 $ 102.2 $ 52.1