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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Net Cash Flows From (To) Operating Activities:    
Net income $ 17.7 $ 1.6
Non-cash items included in net income:    
Depreciation and amortization 26.4 20.1
Other post-retirement and post-employment benefits 0.3 0.3
Stock-based compensation 7.7 4.5
Deferred income taxes (2.1) (0.6)
Other – net 0.6 0.6
Net decrease in cash from operating assets and liabilities (47.6) (10.5)
Increase (decrease) in other liabilities (7.2) 1.4
Net cash flows from (to) operating activities (4.3) 17.3
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (10.7) (19.9)
Capitalized software (0.5) (0.2)
Purchase of investments (0.6) (1.6)
Sales or maturities of investments 1.2 1.5
Other – net 0.1 0.1
Net cash flows from (to) investing activities (10.6) (20.0)
Net Cash Flows From (To) Financing Activities:    
Payments of debt (81.5) (77.8)
Proceeds from debt 118.6 97.1
Dividends paid (16.6) (13.7)
Purchase of HNI Corporation common stock (2.6) 0.0
Proceeds from sales of HNI Corporation common stock 0.6 0.6
Other – net (5.6) (4.0)
Net cash flows from (to) financing activities 12.9 2.1
Net decrease in cash and cash equivalents (2.0) (0.6)
Cash and cash equivalents at beginning of period 28.9 17.4
Cash and cash equivalents at end of period $ 27.0 $ 16.8