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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 611,120 $ 599,455 $ 1,659,803 $ 1,591,607
Cost of sales 377,789 378,211 1,048,683 1,011,888
Gross profit 233,331 221,244 611,120 579,719
Selling and administrative expenses 179,577 169,547 524,445 495,897
Gain on sale and license of assets 0 (6,805) 0 (6,805)
Restructuring and impairment charges 128 783 2,303 3,325
Operating income 53,626 57,719 84,372 87,302
Interest income 80 71 282 467
Interest expense 2,602 1,835 7,657 4,228
Income before income taxes 51,104 55,955 76,997 83,541
Income taxes 11,197 18,624 16,033 27,573
Net income 39,907 37,331 60,964 55,968
Less: Net income (loss) attributable to non-controlling interest 0 60 (50) 12
Net income attributable to HNI Corporation $ 39,907 $ 37,271 $ 61,014 $ 55,956
Average number of common shares outstanding – basic (in shares) 43,822,757 43,682,805 43,616,046 43,970,377
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.91 $ 0.85 $ 1.40 $ 1.27
Average number of common shares outstanding – diluted (in shares) 44,678,824 44,479,117 44,349,456 45,078,719
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.89 $ 0.84 $ 1.38 $ 1.24
Foreign currency translation adjustments $ (817) $ 320 $ (1,944) $ 779
Change in unrealized gains (losses) on marketable securities, net of tax (6) 7 (99) 44
Change in derivative financial instruments, net of tax 106 38 1,459 (90)
Other comprehensive income (loss), net of tax (717) 365 (584) 733
Comprehensive income 39,190 37,696 60,380 56,701
Less: Comprehensive income (loss) attributable to non-controlling interest 0 60 (50) 12
Comprehensive income attributable to HNI Corporation $ 39,190 $ 37,636 $ 60,430 $ 56,689