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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 28, 2025
Equity [Abstract] |
Schedule of Components of Accumulated Other Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax | The following tables summarize 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 Instrument |  | Accumulated Other Comprehensive Income (Loss)
Balance as of December 28, 2024 |  | $ | (6.9) |  |  | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | (1.1) |  |  | $ | (8.3) |
Other comprehensive income (loss) before reclassifications |  | 0.5 |  |  | 0.2 |  |  | — |  |  | (1.0) |  |  | (0.3) |
Tax (expense) or benefit |  | — |  |  | (0.0) |  |  | — |  |  | 0.2 |  |  | 0.2 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | 5.7 |  |  | — |  |  | 2.0 |  |  | 0.1 |  |  | 7.9 |
Balance as of June 28, 2025 |  | $ | (0.6) |  |  | $ | 0.0 |  |  | $ | 2.0 |  |  | $ | (1.8) |  |  | $ | (0.4) |
Amounts in parentheses indicate reductions to equity.
|  | Foreign Currency Translation Adjustment |  | Unrealized Gains (Losses) on Debt Securities |  | Pension and Post-retirement Liabilities |  | Derivative Financial Instrument |  | Accumulated Other Comprehensive Income (Loss)
Balance as of December 30, 2023 |  | $ | (6.5) |  |  | $ | (0.3) |  |  | $ | (1.2) |  |  | $ | (2.7) |  |  | $ | (10.6) |
Other comprehensive income (loss) before reclassifications |  | (0.1) |  |  | (0.0) |  |  | — |  |  | 2.6 |  |  | 2.5 |
Tax (expense) or benefit |  | — |  |  | 0.0 |  |  | — |  |  | (0.6) |  |  | (0.6) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | 0.0 |  |  | — |  |  | (0.2) |  |  | (0.2) |
Balance as of June 29, 2024 |  | $ | (6.6) |  |  | $ | (0.3) |  |  | $ | (1.2) |  |  | $ | (1.0) |  |  | $ | (9.0) |
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):
|  |  | Three Months Ended |  | Six Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Statement Where Net Income is Presented |  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Derivative financial instrument |  |  |  |  |  |  |  |
Interest rate swap | Interest expense, net |  | $ | (0.1) |  |  | $ | 0.2 |  |  | $ | (0.2) |  |  | $ | 0.3 |
| Income taxes |  | 0.0 |  |  | (0.0) |  |  | 0.0 |  |  | (0.1) |
Unrealized gains (losses) on debt securities |  |  |  |  |  |  |  |  |
Gain (loss) on sale of debt securities | Selling and administrative expenses |  | — |  |  | (0.0) |  |  | — |  |  | (0.0) |
| Income taxes |  | — |  |  | 0.0 |  |  | — |  |  | 0.0 |
Pension and post-retirement liabilities |  |  |  |  |  |  |  |  |
Pension settlement | Selling and administrative expenses |  | (2.7) |  |  | — |  |  | (2.7) |  |  | — |
| Income taxes |  | 0.7 |  |  | — |  |  | 0.7 |  |  | — |
Foreign currency translation |  |  |  |  |  |  |  |  |
HNI India divestiture | Restructuring, impairment, and loss on divestiture |  | (5.7) |  |  | — |  |  | (5.7) |  |  | — |
| Net of tax |  | $ | (7.9) |  |  | $ | 0.1 |  |  | $ | (7.9) |  |  | $ | 0.2 |
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:
| Six Months Ended
| June 28, 2025 |  | June 29, 2024
Dividends per common share | $ | 0.67 |  |  | $ | 0.65 |
Schedule of Shares Repurchased and Settled | The following table summarizes shares repurchased and settled by the Corporation:
| Six Months Ended
| June 28, 2025 |  | June 29, 2024
Shares repurchased | 1.7 |  |  | 0.3 |
Average price per share | $ | 45.75 |  |  | $ | 43.53 |
Cash purchase price | $ | (79.9) |  |  | $ | (13.6) |
Purchases unsettled as of quarter end | 0.4 |  |  | 0.3 |
Prior year purchases settled in current year | (0.2) |  |  | (0.1) |
Shares repurchased per cash flow | $ | (79.8) |  |  | $ | (13.4) |

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- 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
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