XML 59 R46.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Summary of Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
--- | ---
Jan. 02, 2016
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information |
Year-End 2015: (In thousands, except per share data) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Net sales | $ | 523,477 |  |  | $ | 568,226 |  |  | $ | 615,850 |  |  | $ | 596,866 |
Cost of products sold | 338,977 |  |  | 362,102 |  |  | 384,219 |  |  | 371,723 |
Gross profit | 184,500 |  |  | 206,124 |  |  | 231,631 |  |  | 225,143 |
Selling and administrative expenses | 168,704 |  |  | 167,278 |  |  | 170,371 |  |  | 165,772 |
(Gain) on sale of assets | — |  |  | — |  |  | — |  |  | (195 | )
Restructuring related charges (income) | 377 |  |  | (560 | ) |  | 172 |  |  | 11,803 |
Operating income (loss) | 15,419 |  |  | 39,406 |  |  | 61,088 |  |  | 47,763 |
Interest income (expense) – net | (1,899 | ) |  | (1,849 | ) |  | (1,623 | ) |  | (1,135 | )
Income (loss) before income taxes | 13,520 |  |  | 37,557 |  |  | 59,465 |  |  | 46,628 |
Income taxes | 5,068 |  |  | 13,680 |  |  | 18,619 |  |  | 14,397 |
Net income (loss) | 8,452 |  |  | 23,877 |  |  | 40,846 |  |  | 32,231 |
Less: net income attributable to the noncontrolling interest | (26 | ) |  | (2 | ) |  | (2 | ) |  | — |
Net income (loss) attributable to HNI Corporation | $ | 8,478 |  |  | $ | 23,879 |  |  | $ | 40,848 |  |  | $ | 32,231 |
Net income (loss) attributable to HNI Corporation per common share – basic | $ | 0.19 |  |  | $ | 0.54 |  |  | $ | 0.92 |  |  | $ | 0.73 |
Weighted-average common shares outstanding – basic | 44,304 |  |  | 44,416 |  |  | 44,263 |  |  | 44,158 |
Net income (loss) attributable to HNI Corporation per common share – diluted | $ | 0.19 |  |  | $ | 0.52 |  |  | $ | 0.90 |  |  | $ | 0.71 |
Weighted-average common shares outstanding – diluted | 45,524 |  |  | 45,621 |  |  | 45,403 |  |  | 45,199 |
As a Percentage of Net Sales |  |  |  |  |  |  |  |  |  |  |
Net sales | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | %
Gross profit | 35.2 |  |  | 36.3 |  |  | 37.6 |  |  | 37.7 |
Selling and administrative expenses | 32.2 |  |  | 29.4 |  |  | 27.7 |  |  | 27.8 |
Restructuring related charges | 0.1 |  |  | (0.1 | ) |  | — |  |  | 2.0 |
Operating income (loss) | 2.9 |  |  | 6.9 |  |  | 9.9 |  |  | 8.0 |
Income taxes | 1.0 |  |  | 2.4 |  |  | 3.0 |  |  | 2.4 |
Net income (loss) attributable to HNI Corporation | 1.6 |  |  | 4.2 |  |  | 6.6 |  |  | 5.4 |
Year-End 2014: (In thousands, except per share data) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Net sales | $ | 452,201 |  |  | $ | 509,143 |  |  | $ | 614,690 |  |  | $ | 646,661 |
Cost of products sold | 297,029 |  |  | 328,010 |  |  | 394,758 |  |  | 418,698 |
Gross profit | 155,172 |  |  | 181,133 |  |  | 219,932 |  |  | 227,963 |
Selling and administrative expenses | 145,210 |  |  | 155,288 |  |  | 166,216 |  |  | 182,341 |
(Gain) on sale of assets | (8,400 | ) |  | (1,346 | ) |  | — |  |  | (977 | )
Restructuring related charges | (28 | ) |  | 10,282 |  |  | 987 |  |  | 21,778 |
Operating income (loss) | 18,390 |  |  | 16,909 |  |  | 52,729 |  |  | 24,821 |
Interest income (expense) – net | (2,132 | ) |  | (2,041 | ) |  | (1,861 | ) |  | (1,884 | )
Income (loss) before income taxes | 16,258 |  |  | 14,868 |  |  | 50,868 |  |  | 22,937 |
Income taxes | 5,242 |  |  | 5,203 |  |  | 17,372 |  |  | 15,959 |
Net income (loss) | 11,016 |  |  | 9,665 |  |  | 33,496 |  |  | 6,978 |
Less: net income attributable to the noncontrolling interest | (80 | ) |  | (40 | ) |  | (92 | ) |  | (104 | )
Net income (loss) attributable to HNI Corporation | $ | 11,096 |  |  | $ | 9,705 |  |  | $ | 33,588 |  |  | $ | 7,082 |
Net income (loss) attributable to HNI Corporation per common share – basic | $ | 0.25 |  |  | $ | 0.22 |  |  | $ | 0.75 |  |  | $ | 0.16 |
Weighted-average common shares outstanding – basic | 45,039 |  |  | 45,020 |  |  | 44,690 |  |  | 44,324 |
Net income (loss) attributable to HNI Corporation per common share – diluted | $ | 0.24 |  |  | $ | 0.21 |  |  | $ | 0.74 |  |  | $ | 0.16 |
Weighted-average common shares outstanding – diluted | 45,838 |  |  | 45,868 |  |  | 45,611 |  |  | 45,202 |
As a Percentage of Net Sales |  |  |  |  |  |  |  |  |  |  |
Net sales | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | %
Gross profit | 34.3 |  |  | 35.6 |  |  | 35.8 |  |  | 35.3 |
Selling and administrative expenses | 32.1 |  |  | 30.5 |  |  | 27.0 |  |  | 28.2 |
(Gain) on sale of assets | (1.9 | ) |  | (0.3 | ) |  | — |  |  | (0.2 | )
Restructuring related charges | — |  |  | 2.0 |  |  | 0.2 |  |  | 3.4 |
Operating income (loss) | 4.1 |  |  | 3.3 |  |  | 8.6 |  |  | 3.8 |
Income taxes | 1.2 |  |  | 1.0 |  |  | 2.8 |  |  | 2.5 |
Net income (loss) attributable to HNI Corporation | 2.5 |  |  | 1.9 |  |  | 5.5 |  |  | 1.1 |

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration