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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Net Cash Flows From (To) Operating Activities:    
Net income $ 18,637 $ 40,869
Noncash items included in net income:    
Depreciation and amortization 36,464 31,631
Other post-retirement and post-employment benefits 796 821
Stock-based compensation 5,803 6,441
Excess tax benefits from stock compensation 0 (485)
Deferred income taxes 126 6,442
(Gain) loss on sale and retirement of long-lived assets and intangibles, net 671 130
Other – net (2,327) 2,532
Net increase (decrease) in operating assets and liabilities (85,064) (50,560)
Increase (decrease) in other liabilities (2,408) (5,997)
Net cash flows from (to) operating activities (27,302) 31,824
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (51,730) (42,422)
Proceeds from sale of property, plant, and equipment 658 499
Capitalized software (12,358) (13,434)
Acquisition spending, net of cash acquired 0 (34,064)
Purchase of investments (2,040) (4,875)
Sales or maturities of investments 1,937 4,758
Other – net 1,510 501
Net cash flows from (to) investing activities (62,023) (89,037)
Net Cash Flows From (To) Financing Activities:    
Proceeds from sales of HNI Corporation common stock 8,313 5,401
Withholding related to net share settlements of equity based awards (209) 0
Purchase of HNI Corporation common stock (22,617) (8,745)
Proceeds from long-term debt 238,890 506,359
Payments of note and long-term debt and other financing (119,489) (426,410)
Excess tax benefits from stock compensation 0 485
Dividends paid (24,727) (23,984)
Net cash flows from (to) financing activities 80,161 53,106
Net increase (decrease) in cash and cash equivalents (9,164) (4,107)
Cash and cash equivalents at beginning of period 36,312 28,548
Cash and cash equivalents at end of period $ 27,148 $ 24,441