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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Net sales $ 510,455 $ 417,456 $ 994,748 $ 886,161
Cost of sales 322,593 266,551 626,940 559,238
Gross profit 187,862 150,905 367,808 326,923
Selling and administrative expenses 163,175 136,063 320,521 303,148
Impairment charges 0 0 0 32,661
Operating income (loss) 24,687 14,842 47,287 (8,886)
Interest expense, net 1,857 1,943 3,612 3,754
Income (loss) before income taxes 22,830 12,899 43,675 (12,640)
Income taxes 5,418 345 11,245 (1,299)
Net income (loss) 17,412 12,554 32,430 (11,341)
Less: Net loss attributable to non-controlling interest (2) (2) (3) (2)
Net income (loss) attributable to HNI Corporation $ 17,414 $ 12,556 $ 32,433 $ (11,339)
Average number of common shares outstanding – basic (in shares) 43,776 42,640 43,469 42,634
Net income (loss) attributable to HNI Corporation per common share – basic (in dollars per share) $ 0.40 $ 0.29 $ 0.75 $ (0.27)
Average number of common shares outstanding – diluted (in shares) 44,481 42,929 43,986 42,634
Net income (loss) attributable to HNI Corporation per common share – diluted (in dollars per share) $ 0.39 $ 0.29 $ 0.74 $ (0.27)
Foreign currency translation adjustments $ 194 $ 45 $ 62 $ (555)
Change in unrealized gains (losses) on marketable securities, net of tax (25) 244 (125) 302
Change in derivative financial instruments, net of tax 143 (283) 406 (2,499)
Other comprehensive income (loss), net of tax 312 6 343 (2,752)
Comprehensive income (loss) 17,724 12,560 32,773 (14,093)
Less: Comprehensive loss attributable to non-controlling interest (2) (2) (3) (2)
Comprehensive income (loss) attributable to HNI Corporation $ 17,726 $ 12,562 $ 32,776 $ (14,091)