XML 56 R40.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2024
Equity [Abstract] |
Schedule of Components of Accumulated Other Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax | The following table summarizes the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable:
| Foreign Currency Translation Adjustment |  | Unrealized Gains (Losses) on Debt Securities |  | Pension and Post-retirement Liabilities |  | Derivative Financial Instruments |  | Accumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2022 | $ | (0.7) |  |  | $ | 0.1 |  |  | $ | (5.4) |  |  | $ | (0.7) |  |  | $ | (6.8) |
Other comprehensive income (loss) before reclassifications | (2.4) |  |  | (0.9) |  |  | 5.3 |  |  | 1.1 |  |  | 3.2 |
Tax (expense) or benefit | — |  |  | 0.2 |  |  | (1.3) |  |  | (0.3) |  |  | (1.3) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax | (3.3) |  |  | (0.0) |  |  | 0.2 |  |  | (0.0) |  |  | (3.1) |
Balance as of December 31, 2022 | $ | (6.4) |  |  | $ | (0.6) |  |  | $ | (1.1) |  |  | $ | 0.1 |  |  | $ | (8.0) |
Other comprehensive income (loss) before reclassifications | (0.2) |  |  | 0.3 |  |  | (0.2) |  |  | (3.4) |  |  | (3.5) |
Tax (expense) or benefit | — |  |  | (0.1) |  |  | 0.1 |  |  | 0.8 |  |  | 0.8 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax | — |  |  | 0.1 |  |  | 0.1 |  |  | (0.2) |  |  | 0.0 |
Balance as of December 30, 2023 | $ | (6.5) |  |  | $ | (0.3) |  |  | $ | (1.2) |  |  | $ | (2.7) |  |  | $ | (10.6) |
Other comprehensive income (loss) before reclassifications | (0.4) |  |  | 0.1 |  |  | 1.3 |  |  | 2.5 |  |  | 3.5 |
Tax (expense) or benefit | — |  |  | (0.0) |  |  | (0.3) |  |  | (0.6) |  |  | (0.9) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax | — |  |  | 0.0 |  |  | 0.1 |  |  | (0.4) |  |  | (0.2) |
Balance as of December 28, 2024 | $ | (6.9) |  |  | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | (1.1) |  |  | $ | (8.3) |
Amounts in parentheses indicate reductions to equity.
Schedule of Reclassification from Accumulated Other Comprehensive Income (Loss) | The following table details the reclassifications from accumulated other comprehensive income (loss):
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Affected Line Item in the Statement Where Net Income is Presented |  | 2024 |  | 2023 |  | 2022
Derivative financial instruments |  |  |  |  |  |  |  |
Interest rate swap |  | Interest expense, net |  | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 0.1 |
|  | Income tax expense |  | (0.1) |  |  | (0.1) |  |  | (0.0) |
Unrealized gains (losses) on debt securities |  |  |  |  |  |  |  |
Gain (loss) on sale of debt securities |  | Selling and administrative expenses |  | (0.1) |  |  | (0.1) |  |  | 0.0 |
|  | Income tax expense |  | 0.0 |  |  | 0.0 |  |  | (0.0) |
Pension and post-retirement liabilities |  |  |  |  |  |  |  |
Amortization of loss |  | Selling and administrative expenses |  | (0.1) |  |  | (0.1) |  |  | (0.3) |
|  | Income tax expense |  | 0.0 |  |  | 0.0 |  |  | 0.1 |
Foreign currency translation |  |  |  |  |  |  |  |
Lamex divestiture |  | Gain on sale of subsidiary |  | — |  |  | — |  |  | 3.3 |
|  | Net of tax |  | $ | 0.2 |  |  | $ | (0.0) |  |  | $ | 3.1 |
Amounts in parentheses indicate reductions to profit.
Schedule of Dividends Declared and Paid Cash Dividends Per Common Share | The Corporation declared and paid cash dividends per common share as follows:
| 2024 |  | 2023 |  | 2022
Dividends per common shares | $ | 1.31 |  |  | $ | 1.28 |  |  | $ | 1.27 |
Schedule of Common Stock Issued | The following table provides the average price per share issued under the MSPP:
| 2024 |  | 2023 |  | 2022
Average price per share | $ | 40.11 |  |  | $ | 27.15 |  |  | $ | 26.50 |
Schedule of Shares Repurchased and Settled | The following table summarizes shares repurchased and settled by the Corporation:
| 2024 |  | 2023 |  | 2022
Shares repurchased | 1.3 |  |  | 0.0 |  |  | 1.7 |
Average price per share | $ | 50.86 |  |  | $ | 41.98 |  |  | $ | 38.11 |
Cash purchase price | $ | (66.0) |  |  | $ | (0.4) |  |  | $ | (63.9) |
Purchases unsettled as of year end | 0.2 |  |  | 0.1 |  |  | — |
Prior year purchases settled in current year | (0.1) |  |  | — |  |  | (1.3) |
Shares repurchased per cash flow | $ | (65.8) |  |  | $ | (0.3) |  |  | $ | (65.2) |

X
- Definition Schedule of Dividends Declared and Paid Per Share [Table Text Block] + References No definition available. + Details
Name: | hni_ScheduleOfDividendsDeclaredAndPaidPerShareTableTextBlock
Namespace Prefix: | hni_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Section 25 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481138/505-30-25-5 + Details
Name: | us-gaap_AcceleratedShareRepurchasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-4 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-5 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481142/505-10-45-2 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-10 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration