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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Net Cash Flows From (To) Operating Activities:    
Net income $ 1.6 $ 14.2
Non-cash items included in net income:    
Depreciation and amortization 20.1 21.1
Other post-retirement and post-employment benefits 0.3 0.3
Stock-based compensation 4.5 5.6
Deferred income taxes (0.6) (1.2)
Other – net 0.6 (0.9)
Net decrease in cash from operating assets and liabilities (10.5) (74.4)
Increase (decrease) in other liabilities 1.4 (3.7)
Net cash flows from (to) operating activities 17.3 (39.0)
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (19.9) (15.1)
Capitalized software (0.2) (3.1)
Acquisition spending, net of cash acquired 0.0 (1.7)
Purchase of investments (1.6) (1.0)
Sales or maturities of investments 1.5 0.7
Other – net 0.1 0.0
Net cash flows from (to) investing activities (20.0) (20.2)
Net Cash Flows From (To) Financing Activities:    
Payments of debt (77.8) (100.5)
Proceeds from debt 97.1 165.8
Dividends paid (13.7) (13.4)
Purchase of HNI Corporation common stock 0.0 (25.2)
Proceeds from sales of HNI Corporation common stock 0.6 2.7
Other – net (4.0) 0.8
Net cash flows from (to) financing activities 2.1 30.3
Net decrease in cash and cash equivalents (0.6) (28.8)
Cash and cash equivalents at beginning of period 17.4 52.3
Cash and cash equivalents at end of period $ 16.8 $ 23.5