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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net sales $ 623.7 $ 563.5 $ 1,211.7 $ 1,042.5
Cost of sales 362.4 347.9 717.5 652.7
Gross profit 261.3 215.5 494.2 389.8
Selling and administrative expenses 205.9 211.0 409.0 378.9
Restructuring and impairment charges 2.0 8.1 2.1 8.1
Operating income (loss) 53.4 (3.6) 83.1 2.9
Interest expense, net 7.4 5.5 15.1 8.2
Income (loss) before income taxes 46.0 (9.0) 68.0 (5.3)
Income tax expense 10.0 3.8 14.3 6.0
Net income (loss) 36.0 (12.8) 53.7 (11.3)
Less: Net income (loss) attributable to non-controlling interest 0.0 0.0 0.0 0.0
Net income (loss) attributable to HNI Corporation $ 36.0 $ (12.8) $ 53.7 $ (11.3)
Average number of common shares outstanding – basic (in shares) 47.2 43.3 47.1 42.4
Net income (loss) attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.76 $ (0.30) $ 1.14 $ (0.27)
Average number of common shares outstanding – diluted (in shares) 48.2 43.3 48.2 42.4
Net income (loss) attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.75 $ (0.30) $ 1.11 $ (0.27)
Foreign currency translation adjustments $ (0.1) $ 0.0 $ (0.1) $ 0.0
Change in unrealized gains (losses) on marketable securities, net of tax 0.0 (0.1) 0.0 0.1
Change in derivative financial instruments, net of tax 0.3 0.0 1.7 (0.1)
Other comprehensive income (loss), net of tax 0.3 (0.1) 1.7 0.0
Comprehensive income (loss) 36.3 (12.9) 55.4 (11.2)
Less: Comprehensive income (loss) attributable to non-controlling interest 0.0 0.0 0.0 0.0
Comprehensive income (loss) attributable to HNI Corporation $ 36.3 $ (12.9) $ 55.4 $ (11.2)