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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 28.9 $ 17.4
Short-term investments 5.6 2.0
Receivables 247.1 218.4
Allowance for doubtful accounts (3.5) (3.2)
Inventories, net 196.6 180.1
Prepaid expenses and other current assets 61.3 54.4
Total Current Assets 535.9 469.2
Property, Plant, and Equipment:    
Land and land improvements 58.9 30.8
Buildings 406.8 275.4
Machinery and equipment 705.8 602.6
Construction in progress 22.2 34.2
Property, Plant, and Equipment 1,193.7 942.9
Less accumulated depreciation (638.5) (590.3)
Net Property, Plant, and Equipment 555.2 352.5
Right-of-use - Finance Leases 12.2 11.4
Right-of-use - Operating Leases 115.2 88.4
Goodwill and Other Intangible Assets, net 651.9 439.8
Other Assets 58.4 53.2
Total Assets 1,928.8 1,414.5
Current Liabilities:    
Accounts payable and accrued expenses 418.7 367.7
Current maturities of debt 7.5 1.3
Current maturities of other long-term obligations 7.3 2.1
Current lease obligations - Finance 4.4 3.7
Current lease obligations - Operating 25.9 20.3
Total Current Liabilities 463.7 395.1
Long-Term Debt 428.3 188.8
Long-Term Lease Obligations - Finance 7.9 7.7
Long-Term Lease Obligations - Operating 104.0 78.9
Other Long-Term Liabilities 78.0 66.3
Deferred Income Taxes 85.1 61.0
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 30, 2023 - 46.9 million shares; December 31, 2022 - 41.4 million shares 46.9 41.4
Additional paid-in capital 201.6 49.1
Retained earnings 523.6 534.0
Accumulated other comprehensive loss (10.6) (8.0)
Total HNI Corporation shareholders’ equity 761.4 616.5
Non-controlling interest 0.3 0.3
Total Equity 761.8 616.8
Total Liabilities and Equity $ 1,928.8 $ 1,414.5