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Acquisitions and Divestitures (Tables)
 6 Months Ended
Jul. 01, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions by Acquisition, Contingent Consideration
The total preliminary fair market value of consideration is approximately $503.7 million, which is allocated as follows:

Kimball International SharesHNI Shares ExchangedFair Value
Cash Consideration:
Shares of Kimball International stock issued and outstanding as of June 1, 202336.4$327.8 
Kimball International equivalent shares0.22.3 
Total number of Kimball International shares for cash consideration36.6330.0 
Consideration for payment to settle Kimball International's outstanding debt50.2 
Share Consideration:
Shares of Kimball International stock issued and outstanding as of June 1, 202336.44.7120.8 
Replacement Share-Based Awards:
Outstanding awards of Kimball International restricted stock units relating to Kimball International Common Stock as of June 1, 20230.50.22.6 
Total preliminary acquisition date fair value of purchase consideration$503.7 
Schedule of Assets and Liabilities Held For Sale in the Condensed Consolidated Balance Sheets
The preliminary purchase price allocation of identifiable tangible and intangible assets and liabilities as of the date of acquisition is as follows:
Fair Value
Assets
Cash and cash equivalents$10.5 
Short-term investments4.2 
Receivables46.1 
Inventories, net52.3 
Prepaid expenses and other current assets13.3 
Assets held for sale17.5 
Property, plant, and equipment218.4 
Right-of-use operating leases16.0 
Goodwill187.3 
Intangible assets88.0 
Other assets12.2 
Total Assets$665.9 
Liabilities
Accounts payable and accrued expenses$91.2 
Current lease obligations - operating5.8 
Liabilities held for sale14.4 
Long-term lease obligations - operating16.2 
Other long-term liabilities13.3 
Deferred income taxes21.3 
Total Liabilities$162.2 
Net Assets and Liabilities$503.7 

The following table summarizes the acquired identified intangible assets and weighted average useful lives:
CategoryWeighted-average useful lifeFair Value
Software3 years$13.9 
Customer lists and other10 years40.7 
Acquired technology16 years14.9 
Trademarks and trade names16 years18.5 
Total intangible assets$88.0 
The assets and liabilities of Lamex which were disposed of in conjunction with the sale are as follows:
As of
July 20, 2022
Assets:
Cash and cash equivalents$5.5 
Receivables20.1 
Allowance for doubtful accounts(0.5)
Inventories, net6.9 
Prepaid expenses and other current assets6.4 
Buildings6.2 
Machinery and equipment25.9 
Accumulated depreciation(17.0)
Right-of-use - Operating Leases5.8 
Goodwill and Other Intangible Assets, net10.9 
Total Assets$70.4 
Liabilities:
Accounts payable and accrued expenses$36.1 
Current lease obligations - Operating1.7 
Long-Term Lease Obligations - Operating4.9 
Deferred Income Taxes0.1 
Total Liabilities$42.7 
The following table summarizes assets and liabilities held for sale in the workplace furnishings segment in the "Condensed Consolidated Balance Sheets," by major class. In addition to Poppin assets and liabilities, the assets held for sale includes $1.4 million related to the pending sale of one of the Corporation's office buildings in Muscatine, Iowa. The long-lived asset balances are recorded at fair value, based on the expected sales price, less costs to sell.

As of
July 1, 2023		As of
December 31, 2022
Assets:
Receivables$1.4 $— 
Inventories11.9 — 
Prepaid expenses and other current assets0.7 — 
Property, plant & equipment3.1 1.9 
Right-of-use operating leases1.8 — 
Total Assets held for sale$18.9 $1.9 
Liabilities:
Accounts payable and accrued expenses$9.4 $— 
Lease obligations - operating5.0 — 
Total Liabilities held for sale$14.4 $— 
Schedule of Business Acquisition, Pro Forma Information This pro forma information is not necessarily reflective of what the Corporation's results would have been had the acquisition occurred on the date indicated, nor is it indicative of future results.
Three Months EndedSix Months Ended
July 1,
2023		July 2,
2022		July 1,
2023		July 2,
2022
Net sales$666.3 $793.3 $1,306.6 $1,541.7 
Net income$11.2 $32.2 $15.4 $22.9