XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Net Cash Flows From (To) Operating Activities:    
Net income $ 21,057 $ 18,637
Non-cash items included in net income:    
Depreciation and amortization 37,280 36,464
Other post-retirement and post-employment benefits 883 796
Stock-based compensation 4,908 5,803
Deferred income taxes 762 126
(Gain) loss on sale, retirement, and impairment of long-lived assets, net 1,488 671
Amortization of deferred gain on sale leaseback transaction (168) 0
Other – net 343 (2,327)
Net increase (decrease) in operating assets and liabilities, net of divestitures (37,008) (85,064)
Increase (decrease) in other liabilities (67) (2,408)
Net cash flows from (to) operating activities 29,478 (27,302)
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (26,687) (51,730)
Proceeds from sale of property, plant, and equipment 18,444 658
Capitalized software (5,637) (12,358)
Purchase of investments (1,329) (2,040)
Sales or maturities of investments 1,357 1,937
Other – net 1,136 1,510
Net cash flows from (to) investing activities (12,716) (62,023)
Net Cash Flows From (To) Financing Activities:    
Payments of long-term debt and other financing (295,536) (119,489)
Proceeds from long-term debt 312,279 238,890
Dividends paid (25,268) (24,727)
Purchase of HNI Corporation common stock (9,120) (22,617)
Proceeds from sales of HNI Corporation common stock 8,755 8,313
Withholding related to net share settlements of equity based awards (155) (209)
Net cash flows from (to) financing activities (9,045) 80,161
Net increase (decrease) in cash and cash equivalents 7,717 (9,164)
Cash and cash equivalents at beginning of period 23,348 36,312
Cash and cash equivalents at end of period $ 31,065 $ 27,148