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Earnings Per Share | 6 Months Ended
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Jul. 01, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS"):
| Three Months Ended |  | Six Months Ended
| July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Numerator: |  |  |  |  |  |  |
Numerator for both basic and diluted EPS attributable to HNI Corporation net income | $ | (12.8) |  |  | $ | 30.3 |  |  | $ | (11.3) |  |  | $ | 44.5 |
Denominators: |  |  |  |  |  |  |
Denominator for basic EPS weighted-average common shares outstanding | 43.3 |  |  | 41.8 |  |  | 42.4 |  |  | 42.1 |
Potentially dilutive shares from stock-based compensation plans | — |  |  | 0.6 |  |  | — |  |  | 0.6 |
Denominator for diluted EPS | 43.3 |  |  | 42.4 |  |  | 42.4 |  |  | 42.7 |
Earnings per share – basic | $ | (0.30) |  |  | $ | 0.73 |  |  | $ | (0.27) |  |  | $ | 1.06 |
Earnings per share – diluted | $ | (0.30) |  |  | $ | 0.72 |  |  | $ | (0.27) |  |  | $ | 1.04 |
As of the end of second quarter 2023 the Corporation had 46.5 million shares of common stock outstanding, including 4.7 million shares issued in June 2023 as part of the consideration to acquire Kimball International. 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:
| Three Months Ended |  | Six Months Ended
| July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Common stock equivalents excluded because their inclusion would be anti-dilutive | 3.0 |  |  | 2.0 |  |  | 2.8 |  |  | 1.8 |

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