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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Net Cash Flows From (To) Operating Activities:    
Net income $ 62,908 $ 60,964
Non-cash items included in net income:    
Depreciation and amortization 57,838 55,887
Other post-retirement and post-employment benefits 1,106 1,325
Stock-based compensation 5,408 6,215
Operating / finance lease interest and amortization 17,252  
Deferred income taxes 4,798 2,733
Loss on sale and retirement of long-lived assets, net 1,609 1,283
Other – net 2,864 2,314
Net decrease in operating assets and liabilities, net of divestitures (28,359) (16,533)
Increase (decrease) in other liabilities (9,802) 849
Net cash flows from (to) operating activities 115,622 115,037
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (46,093) (39,887)
Proceeds from sale of property, plant, and equipment 247 22,686
Capitalized software (4,098) (7,092)
Acquisition spending, net of cash acquired 0 (2,850)
Purchase of investments (6,140) (2,471)
Sales or maturities of investments 3,889 2,375
Other – net 2,327 1,135
Net cash flows from (to) investing activities (49,868) (26,104)
Net Cash Flows From (To) Financing Activities:    
Payments of long-term debt (125,039) (352,795)
Proceeds from long-term debt 115,775 322,755
Dividends paid (39,164) (38,201)
Purchase of HNI Corporation common stock (65,106) (16,043)
Proceeds from sales of HNI Corporation common stock 22,338 15,896
Other – net 1,636 (155)
Net cash flows from (to) financing activities (89,560) (68,543)
Net increase (decrease) in cash and cash equivalents (23,806) 20,390
Cash and cash equivalents at beginning of period 76,819 23,348
Cash and cash equivalents at end of period $ 53,013 $ 43,738