XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Net Cash Flows From (To) Operating Activities:    
Net income $ 60,964 $ 55,968
Non-cash items included in net income:    
Depreciation and amortization 55,887 54,524
Other post-retirement and post-employment benefits 1,325 1,194
Stock-based compensation 6,215 6,759
Deferred income taxes 2,733 8,128
(Gain) loss on sale, retirement, license, and impairment of long-lived assets and intangibles, net 1,283 (5,085)
Amortization of deferred gain on sale leaseback transaction (285) 0
Other – net 2,599 (1,649)
Net increase (decrease) in operating assets and liabilities, net of divestitures (16,533) (53,096)
Increase (decrease) in other liabilities 849 (9,399)
Net cash flows from (to) operating activities 115,037 57,344
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (39,887) (87,142)
Proceeds from sale and license of property, plant, equipment, and intangibles 22,686 8,646
Capitalized software (7,092) (16,749)
Acquisition spending, net of cash acquired (2,850) (898)
Purchase of investments (2,471) (2,874)
Sales or maturities of investments 2,375 2,678
Other – net 1,135 1,511
Net cash flows from (to) investing activities (26,104) (94,828)
Net Cash Flows From (To) Financing Activities:    
Payments of long-term debt and other financing (352,795) (185,390)
Proceeds from long-term debt 322,755 287,188
Dividends paid (38,201) (37,175)
Purchase of HNI Corporation common stock (16,043) (52,850)
Proceeds from sales of HNI Corporation common stock 15,896 12,024
Withholding related to net share settlements of equity based awards (155) (209)
Net cash flows from (to) financing activities (68,543) 23,588
Net increase (decrease) in cash and cash equivalents 20,390 (13,896)
Cash and cash equivalents at beginning of period 23,348 36,312
Cash and cash equivalents at end of period $ 43,738 $ 22,416