XML 12 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Income Statement [Abstract]    
Net sales $ 505,069 $ 477,667
Cost of sales 328,150 303,944
Gross profit 176,919 173,723
Selling and administrative expenses 171,895 163,666
Restructuring charges 1,338 2,123
Operating income 3,686 7,934
Interest income 113 71
Interest expense 2,337 1,046
Income before income taxes 1,462 6,959
Income tax expense (benefit) (999) 2,178
Net income 2,461 4,781
Less: Net income (loss) attributable to non-controlling interest (49) (56)
Net income attributable to HNI Corporation $ 2,510 $ 4,837
Average number of common shares outstanding – basic (in shares) 43,359,971 44,050,040
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.06 $ 0.11
Average number of common shares outstanding – diluted (in shares) 44,134,142 45,452,664
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.06 $ 0.11
Foreign currency translation adjustments $ 1 $ 345
Change in unrealized gains (losses) on marketable securities, net of tax (79) 18
Change in derivative financial instruments, net of tax 1,027 264
Other comprehensive income (loss), net of tax 949 627
Comprehensive income 3,410 5,408
Less: Comprehensive income (loss) attributable to non-controlling interest (49) (56)
Comprehensive income attributable to HNI Corporation $ 3,459 $ 5,464