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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Schedule of Cash, Cash Equivalents and Investments | Cash, cash equivalents, and investments are reflected in the Consolidated Balance Sheets and were as follows:
| December 31, 2022 |  | January 1, 2022
| Cash and cash equivalents |  | Short-term investments |  | Other Assets |  | Cash and cash equivalents |  | Short-term investments |  | Other Assets
Debt securities | $ | — |  |  | $ | 2.0 |  |  | $ | 10.8 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | 11.9 |
Equity investment | — |  |  | — |  |  | 1.5 |  |  | — |  |  | — |  |  | 2.5 |
Cash and money market accounts | 17.4 |  |  | — |  |  | — |  |  | 52.3 |  |  | — |  |  | — |
Total | $ | 17.4 |  |  | $ | 2.0 |  |  | $ | 12.3 |  |  | $ | 52.3 |  |  | $ | 1.4 |  |  | $ | 14.4 |
The following table summarizes the amortized cost basis of the debt securities:
| December 31, 2022 |  | January 1, 2022
Amortized cost basis of debt securities | $ | 13.7 |  |  | $ | 13.2 |
Allowance for Doubtful Accounts | The following table summarizes the change in the allowance for doubtful accounts:
|  | Balance at beginning of period |  | Current provision and adjustments |  | Amounts written off |  | Recoveries and other |  | Divestiture of business |  | Balance at end of period
Year ended December 31, 2022 |  | $ | 2.8 |  |  | $ | 1.7 |  |  | $ | (1.0) |  |  | $ | 0.2 |  |  | $ | (0.5) |  |  | $ | 3.2 |
Year ended January 1, 2022 |  | $ | 5.5 |  |  | $ | (0.9) |  |  | $ | (1.9) |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 2.8 |
Year ended January 2, 2021 |  | $ | 3.6 |  |  | $ | 3.6 |  |  | $ | (1.7) |  |  | $ | 0.0 |  |  | $ | — |  |  | $ | 5.5 |
Schedule Of Inventory Current | Inventories included in the Consolidated Balance Sheets consisted of the following:
| December 31, 2022 |  | January 1, 2022
Finished products | $ | 121.0 |  |  | $ | 137.2 |
Materials and work in process | 112.8 |  |  | 92.0 |
Last-in, first-out ("LIFO") allowance | (53.7) |  |  | (47.6) |
Total inventories, net | $ | 180.1 |  |  | $ | 181.6 |
Inventory valued by the LIFO costing method | 91 | % |  | 84 | %
Schedule of Property, Plant and Equipment | Total depreciation expense was as follows:
| 2022 |  | 2021 |  | 2020
Depreciation expense | $ | 53.3 |  |  | $ | 53.0 |  |  | $ | 53.4 |
Schedule of Accounts Payable and Accrued Liabilities | Accounts payable and accrued expenses are reflected in the Consolidated Balance Sheets and were as follows:
| December 31, 2022 |  | January 1, 2022
Trade accounts payable | $ | 165.3 |  |  | $ | 233.8 |
Compensation | 47.1 |  |  | 55.4 |
Profit sharing and retirement | 11.6 |  |  | 22.9 |
Accrued marketing programs | 31.3 |  |  | 31.5 |
Accrued freight | 12.5 |  |  | 19.1 |
Customer deposits | 27.3 |  |  | 27.2 |
Other accrued expenses | 72.6 |  |  | 83.9 |
| $ | 367.7 |  |  | $ | 473.8 |
Schedule of Product Warranties | Activity associated with warranty obligations was as follows:
| 2022 |  | 2021 |  | 2020
Balance at beginning of period | $ | 16.0 |  |  | $ | 16.1 |  |  | $ | 15.9 |
Accruals for warranties issued during period | 9.3 |  |  | 7.7 |  |  | 9.4 |
Adjustments related to pre-existing warranties | (1.1) |  |  | (0.2) |  |  | 0.1 |
Settlements made during the period | (9.4) |  |  | (7.6) |  |  | (9.3) |
Balance at end of period | $ | 14.8 |  |  | $ | 16.0 |  |  | $ | 16.1 |
The following table summarizes when these estimated settlements are expected to be paid:
| December 31, 2022 |  | January 1, 2022
Current - in the next twelve months | $ | 5.4 |  |  | $ | 5.4 |
Long-term - beyond one year | 9.4 |  |  | 10.6 |
| $ | 14.8 |  |  | $ | 16.0 |
Schedule of Product Development Expense | The amounts charged against income and recorded in "Selling and administrative expenses" on the Consolidated Statements of Comprehensive Income were as follows:
| 2022 |  | 2021 |  | 2020
Research and development costs | $ | 47.8 |  |  | $ | 39.4 |  |  | $ | 35.3 |
Schedule of Freight Expense | Freight expense on shipments to customers was recorded in "Selling and administrative expenses" on the Consolidated Statements of Comprehensive Income as follows:
| 2022 |  | 2021 |  | 2020
Freight expense | $ | 142.0 |  |  | $ | 118.2 |  |  | $ | 98.4 |
Schedule of Earnings Per Share, Basic and Diluted | The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS"):
| 2022 |  | 2021 |  | 2020
Numerator: |  |  |  |  |
Numerator for both basic and diluted EPS attributable to HNI Corporation net income | $ | 123.9 |  |  | $ | 59.8 |  |  | $ | 41.9 |
Denominators: |  |  |  |  |
Denominator for basic EPS weighted-average common shares outstanding | 41.7 |  |  | 43.4 |  |  | 42.7 |
Potentially dilutive shares from stock-based compensation plans | 0.5 |  |  | 0.5 |  |  | 0.3 |
Denominator for diluted EPS | 42.2 |  |  | 44.0 |  |  | 43.0 |
Earnings per share – basic | $ | 2.97 |  |  | $ | 1.38 |  |  | $ | 0.98 |
Earnings per share – diluted | $ | 2.94 |  |  | $ | 1.36 |  |  | $ | 0.98 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The weighted-average common stock equivalents presented above do not include the effect of the common stock equivalents in the table below because their inclusion would be anti-dilutive:
| 2022 |  | 2021 |  | 2020
Common stock equivalents excluded because their inclusion would be anti-dilutive | 2.0 |  |  | 1.6 |  |  | 3.1 |
Schedule of Insurance Reserves | The general, auto, product, and workers’ compensation liabilities are managed using a wholly-owned insurance captive and the related liabilities are included in the Consolidated Balance Sheets as follows:
| December 31, 2022 |  | January 1, 2022
Current - "Accounts payable and accrued expenses" | $ | 5.2 |  |  | $ | 5.8 |
Non-current - "Other Long-Term Liabilities" | 18.6 |  |  | 20.5 |
Total general, auto, product, and workers’ compensation liabilities | $ | 23.8 |  |  | $ | 26.3 |

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