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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Net Cash Flows From (To) Operating Activities:      
Net income $ 49.2 $ 123.9 $ 59.8
Non-cash items included in net income:      
Depreciation and amortization 94.9 84.2 83.1
Other post-retirement and post-employment benefits 1.1 1.3 1.3
Stock-based compensation 16.5 9.0 12.9
Deferred income taxes (0.6) (15.3) (0.4)
Restructuring and impairment charges 31.5 6.2 5.8
Gain on sale of subsidiary 0.0 (50.4) 0.0
Other – net 5.1 2.7 4.0
Net increase (decrease) in cash from operating assets and liabilities 76.5 (72.7) (34.4)
Decrease in other liabilities (6.6) (7.7) (0.5)
Net cash flows from (to) operating activities 267.5 81.2 131.6
Net Cash Flows From (To) Investing Activities:      
Capital expenditures (78.1) (60.0) (53.5)
Acquisition spending, net of cash acquired (369.7) (11.4) (44.6)
Capitalized software (1.0) (8.4) (13.1)
Purchase of investments (5.7) (2.8) (3.4)
Sales or maturities of investments 5.4 2.3 3.3
Net proceeds from sale of subsidiary 2.7 69.5 0.0
Other – net 1.6 0.0 0.2
Net cash flows from (to) investing activities (444.8) (10.7) (111.0)
Net Cash Flows From (To) Financing Activities:      
Payments of debt (436.0) (401.6) (2.6)
Proceeds from debt 684.0 413.9 5.0
Dividends paid (58.5) (53.2) (53.8)
Purchase of HNI Corporation common stock (0.3) (65.2) (59.2)
Proceeds from sales of HNI Corporation common stock 2.3 4.7 31.1
Other – net (2.8) (4.0) (5.1)
Net cash flows from (to) financing activities 188.8 (105.4) (84.5)
Net increase (decrease) in cash and cash equivalents 11.5 (34.8) (63.9)
Cash and cash equivalents at beginning of period 17.4 52.3 116.1
Cash and cash equivalents at end of period $ 28.9 $ 17.4 $ 52.3