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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Jan. 01, 2022
Current Assets:    
Cash and cash equivalents $ 17.4 $ 52.3
Short-term investments 2.0 1.4
Receivables 218.4 240.0
Allowance for doubtful accounts (3.2) (2.8)
Inventories, net 180.1 181.6
Prepaid expenses and other current assets 54.4 51.1
Total Current Assets 469.2 523.5
Property, Plant, and Equipment:    
Land and land improvements 30.8 30.9
Buildings 275.4 294.5
Machinery and equipment 602.6 593.6
Construction in progress 34.2 29.7
Property, Plant, and Equipment 942.9 948.7
Less accumulated depreciation (590.3) (581.9)
Net Property, Plant, and Equipment 352.5 366.8
Right-of-use - Finance Leases 11.4 10.2
Right-of-use - Operating Leases 88.4 82.9
Goodwill and Other Intangible Assets, net 439.8 471.5
Other Assets 53.2 43.1
Total Assets 1,414.5 1,497.9
Current Liabilities:    
Accounts payable and accrued expenses 367.7 473.8
Current maturities of debt 1.3 3.2
Current maturities of other long-term obligations 2.1 3.9
Current lease obligations - Finance 3.7 2.8
Current lease obligations - Operating 20.3 22.8
Total Current Liabilities 395.1 506.4
Long-Term Debt 188.8 174.6
Long-Term Lease Obligations - Finance 7.7 7.4
Long-Term Lease Obligations - Operating 78.9 63.8
Other Long-Term Liabilities 66.3 80.7
Deferred Income Taxes 61.0 75.0
HNI Corporation shareholders’ equity:    
Preferred stock - $1 par value, authorized 2.0 million shares, no shares outstanding 0.0 0.0
Common stock - $1 par value, authorized 200.0 million shares, outstanding: December 31, 2022 - 41.4 million shares; January 1, 2022 - 42.6 million shares 41.4 42.6
Additional paid-in capital 49.1 39.2
Retained earnings 534.0 514.6
Accumulated other comprehensive loss (8.0) (6.8)
Total HNI Corporation shareholders’ equity 616.5 589.6
Non-controlling interest 0.3 0.3
Total Equity 616.8 590.0
Total Liabilities and Equity $ 1,414.5 $ 1,497.9