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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Jul. 02, 2016
Jul. 04, 2015
Income Statement [Abstract]        
Net sales $ 536,538 $ 568,226 $ 1,037,575 $ 1,091,703
Cost of sales 327,618 362,102 642,944 701,079
Gross profit 208,920 206,124 394,631 390,624
Selling and administrative expenses 162,319 167,278 327,425 335,982
Restructuring charges 572 (560) 1,658 (183)
Operating income 46,029 39,406 65,548 54,825
Interest income 63 119 141 209
Interest expense 1,131 1,968 3,005 3,957
Income before income taxes 44,961 37,557 62,684 51,077
Income taxes 15,934 13,680 21,815 18,748
Net income 29,027 23,877 40,869 32,329
Less: Net loss attributable to the noncontrolling interest (2) (2) (3) (28)
Net income attributable to HNI Corporation $ 29,029 $ 23,879 $ 40,872 $ 32,357
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.65 $ 0.54 $ 0.92 $ 0.73
Average number of common shares outstanding – basic 44,431,198 44,416,008 44,344,778 44,359,898
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.64 $ 0.52 $ 0.90 $ 0.71
Average number of common shares outstanding – diluted 45,632,284 45,620,984 45,308,306 45,573,952
Cash dividends per common share (in dollars per share) $ 0.275 $ 0.265 $ 0.54 $ 0.515
Other comprehensive income/(loss), net of tax: three months 2016 $(587); 2015 $185; six months 2016 $(868); 2015 $319 $ (1,762) $ 396 $ (2,078) $ 715
Comprehensive income 27,265 24,273 38,791 33,044
Less: Comprehensive (loss) attributable to noncontrolling interest (2) (2) (3) (28)
Comprehensive income attributable to HNI Corporation $ 27,267 $ 24,275 $ 38,794 $ 33,072