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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Income Statement [Abstract]      
Net sales $ 2,361.8 $ 2,184.4 $ 1,955.4
Cost of sales 1,526.9 1,427.0 1,234.2
Gross profit 834.9 757.4 721.1
Selling and administrative expenses 723.4 665.6 620.9
Gain on sale of subsidiary (50.4) 0.0 0.0
Restructuring and impairment charges 6.7 6.3 38.8
Operating income 155.2 85.4 61.4
Interest expense, net 8.8 7.2 7.0
Income before income taxes 146.4 78.3 54.4
Income tax expense 22.5 18.5 12.5
Net income 123.9 59.8 41.9
Less: Net income (loss) attributable to non-controlling interest (0.0) (0.0) 0.0
Net income attributable to HNI Corporation $ 123.9 $ 59.8 $ 41.9
Average number of common shares outstanding – basic (in shares) 41.7 43.4 42.7
Net income attributable to HNI Corporation per common share – basic (in dollars per share) $ 2.97 $ 1.38 $ 0.98
Average number of common shares outstanding - diluted (in shares) 42.2 44.0 43.0
Net income attributable to HNI Corporation per common share – diluted (in dollars per share) $ 2.94 $ 1.36 $ 0.98
Foreign currency translation adjustments $ (5.7) $ 0.4 $ 1.8
Change in unrealized gains (losses) on marketable securities, net of tax (0.7) (0.3) 0.3
Change in pension and post-retirement liability, net of tax 4.3 1.2 (0.9)
Change in derivative financial instruments, net of tax 0.8 1.0 (2.3)
Other comprehensive income (loss), net of tax (1.3) 2.4 (1.1)
Comprehensive income 122.6 62.2 40.8
Less: Comprehensive income (loss) attributable to non-controlling interest (0.0) (0.0) 0.0
Comprehensive income attributable to HNI Corporation $ 122.6 $ 62.2 $ 40.8