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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalents and Investments
Cash, cash equivalents, and investments are reflected in the Consolidated Balance Sheets and were as follows:
December 31, 2022January 1, 2022
Cash and cash equivalentsShort-term investmentsOther AssetsCash and cash equivalentsShort-term investmentsOther Assets
Debt securities$— $2.0 $10.8 $— $1.4 $11.9 
Equity investment— — 1.5 — — 2.5 
Cash and money market accounts17.4 — — 52.3 — — 
Total$17.4 $2.0 $12.3 $52.3 $1.4 $14.4 
The following table summarizes the amortized cost basis of the debt securities:
December 31, 2022January 1, 2022
Amortized cost basis of debt securities$13.7 $13.2 
Allowance for Doubtful Accounts The following table summarizes the change in the allowance for doubtful accounts:
Balance at beginning of periodCurrent provision and adjustmentsAmounts written offRecoveries and otherDivestiture of businessBalance at end of period
Year ended December 31, 2022$2.8 $1.7 $(1.0)$0.2 $(0.5)$3.2 
Year ended January 1, 2022$5.5 $(0.9)$(1.9)$0.1 $— $2.8 
Year ended January 2, 2021$3.6 $3.6 $(1.7)$0.0 $— $5.5 
Schedule Of Inventory Current Inventories included in the Consolidated Balance Sheets consisted of the following:
December 31, 2022January 1, 2022
Finished products$121.0 $137.2 
Materials and work in process112.8 92.0 
Last-in, first-out ("LIFO") allowance(53.7)(47.6)
Total inventories, net$180.1 $181.6 
Inventory valued by the LIFO costing method91 %84 %
Schedule of Property, Plant and Equipment
Total depreciation expense was as follows:
202220212020
Depreciation expense$53.3 $53.0 $53.4 
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued expenses are reflected in the Consolidated Balance Sheets and were as follows:
December 31, 2022January 1, 2022
Trade accounts payable$165.3 $233.8 
Compensation47.1 55.4 
Profit sharing and retirement11.6 22.9 
Accrued marketing programs31.3 31.5 
Accrued freight12.5 19.1 
Customer deposits27.3 27.2 
Other accrued expenses72.6 83.9 
$367.7 $473.8 
Schedule of Product Warranties
Activity associated with warranty obligations was as follows:
202220212020
Balance at beginning of period$16.0 $16.1 $15.9 
Accruals for warranties issued during period9.3 7.7 9.4 
Adjustments related to pre-existing warranties(1.1)(0.2)0.1 
Settlements made during the period(9.4)(7.6)(9.3)
Balance at end of period$14.8 $16.0 $16.1 
The following table summarizes when these estimated settlements are expected to be paid:
December 31, 2022January 1, 2022
Current - in the next twelve months$5.4 $5.4 
Long-term - beyond one year9.4 10.6 
$14.8 $16.0 
Schedule of Product Development Expense The amounts charged against income and recorded in "Selling and administrative expenses" on the Consolidated Statements of Comprehensive Income were as follows:
202220212020
Research and development costs$47.8 $39.4 $35.3 
Schedule of Freight Expense
Freight expense on shipments to customers was recorded in "Selling and administrative expenses" on the Consolidated Statements of Comprehensive Income as follows:
202220212020
Freight expense$142.0 $118.2 $98.4 
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS"):
202220212020
Numerator:   
Numerator for both basic and diluted EPS attributable to HNI Corporation net income$123.9 $59.8 $41.9 
Denominators:   
Denominator for basic EPS weighted-average common shares outstanding41.7 43.4 42.7 
Potentially dilutive shares from stock-based compensation plans0.5 0.5 0.3 
Denominator for diluted EPS42.2 44.0 43.0 
Earnings per share – basic$2.97 $1.38 $0.98 
Earnings per share – diluted$2.94 $1.36 $0.98 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The weighted-average common stock equivalents presented above do not include the effect of the common stock equivalents in the table below because their inclusion would be anti-dilutive:
202220212020
Common stock equivalents excluded because their inclusion would be anti-dilutive2.0 1.6 3.1 
Schedule of Insurance Reserves The general, auto, product, and workers’ compensation liabilities are managed using a wholly-owned insurance captive and the related liabilities are included in the Consolidated Balance Sheets as follows:
December 31, 2022January 1, 2022
Current - "Accounts payable and accrued expenses"$5.2 $5.8 
Non-current - "Other Long-Term Liabilities"18.6 20.5 
Total general, auto, product, and workers’ compensation liabilities$23.8 $26.3