HNI Corporation
(NYSE:HNI)

HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Taiwan, and Singapore. The company operates through two segments, Workplace Furnishings and Residentia...

Website: http://www.hnicorp.com

Full Time Employees: 8,400

Sector: Industrials

Industry: Business Equipment & Supplies

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Quarterly

Annual

Unit: USD	2026-04-04	2026-01-03	2025-09-27	2025-06-28	2025-03-29	2024-12-28	2024-09-28	2024-06-29	2024-03-30	2023-12-30	2023-09-30	2023-07-01	2023-04-01	2022-12-31	2022-10-01	2022-07-02	2022-04-02	2022-01-01	2021-10-02	2021-07-03	2021-04-03	2021-01-02	2020-09-26	2020-06-27	2020-03-28	2019-12-28	2019-09-28	2019-06-29	2019-03-30	2018-12-29	2018-09-29	2018-06-30	2018-03-31	2017-12-30	2017-09-30	2017-07-01	2017-04-01	2016-12-31	2016-10-01	2016-07-02	2016-04-02	2016-01-02	2015-10-03	2015-07-04	2015-04-04	2015-01-03	2014-09-27	2014-06-28	2014-03-29	2013-12-28	2013-09-28	2013-06-29	2013-03-30	2012-12-29	2012-09-29	2012-06-30	2012-03-31	2011-12-31	2011-10-01	2011-07-02	2011-04-02	2011-01-01	2010-07-03	2010-04-03	2010-01-02	2009-10-03	2009-07-04	2009-04-04	2009-01-03	2008-09-27	2008-06-28	2008-03-29	2007-12-29	2007-09-29	2007-06-30	2007-03-31	2006-12-30	2006-09-30	2006-07-01	2006-04-01	2005-12-31

net sales	1,347,500,000	888,400,000	683,800,000	667,100,000	599,800,000	642,500,000	672,200,000	623,700,000	588,000,000	679,800,000	711,600,000	563,500,000	479,100,000	568,900,000	598,800,000	621,700,000	572,328,000	602,910,000	586,750,000	510,455,000	484,293,000	562,139,000	507,063,000	417,456,000	468,704,000	616,079,000	625,386,000	526,026,000	479,456,000	598,092,000	611,120,000	543,614,000	505,069,000	584,275,000	599,455,000	514,485,000	477,667,000	581,285,000	584,629,000	536,538,000	501,037,000	596,866,000	615,850,000	568,226,000	523,477,000	646,661,000	614,690,000	509,143,000	452,201,000	541,263,000	565,706,000	510,698,000	442,297,000	527,536,000	550,855,000	480,400,000	445,212,000	500,269,000	504,220,000	432,810,000	396,151,000		398,222,000	363,506,000	413,677,000	453,956,000	382,990,000	405,666,000	637,949,000	663,141,000	613,114,000	563,383,000	668,484,000	674,628,000	618,160,000	609,200,000	672,123,000	687,732,000	1,319,948,000
yoy	124.66%	38.27%	1.73%	6.96%	2.01%	-5.49%	-5.54%	10.68%	22.73%	19.49%	18.84%	-9.36%	-16.29%	-5.64%	2.05%	21.79%	18.18%	7.25%	15.72%	22.28%	3.33%	-8.76%	-18.92%	-20.64%	-2.24%	3.01%	2.33%	-3.24%	-5.07%	2.36%	1.95%	5.66%	5.74%	0.51%	2.54%	-4.11%	-4.66%	-2.61%	-5.07%	-5.58%	-4.29%	-7.70%	0.19%	11.60%	15.76%	19.47%	8.66%	-0.30%	2.24%	2.60%	2.70%	6.31%	-0.65%	5.45%	9.25%	11.00%	12.38%		26.62%	19.07%	-4.24%		3.98%	-10.39%	-35.16%	-31.54%	-37.53%	-27.99%	-4.57%	-1.70%	-0.82%	-7.52%	-0.54%	-1.91%	-53.17%
qoq	51.68%	29.92%	2.50%	11.22%	-6.65%	-4.42%	7.78%	6.07%	-13.50%	-4.47%	26.28%	17.62%	-15.78%	-4.99%	-3.68%	8.63%	-5.07%	2.75%	14.95%	5.40%	-13.85%	10.86%	21.47%	-10.93%	-23.92%	-1.49%	18.89%	9.71%	-19.84%	-2.13%	12.42%	7.63%	-13.56%	-2.53%	16.52%	7.71%	-17.83%	-0.57%	8.96%	7.09%	-16.06%	-3.08%	8.38%	8.55%	-19.05%	5.20%	20.73%	12.59%	-16.45%	-4.32%	10.77%	15.46%	-16.16%	-4.23%	14.67%	7.90%	-11.01%	-0.78%	16.50%	9.25%			9.55%	-12.13%	-8.87%	18.53%	-5.59%	-36.41%	-3.80%	8.16%	8.83%	-15.72%	-0.91%	9.13%	1.47%	-9.36%	-2.27%	-47.90%
cost of sales	847,600,000	524,900,000	395,700,000	380,900,000	361,400,000	382,100,000	393,400,000	362,400,000	355,100,000	406,700,000	426,300,000	347,900,000	304,800,000	361,000,000	389,300,000	401,200,000	375,419,000	408,714,000	391,394,000	322,593,000	304,347,000	353,489,000	321,516,000	266,551,000	292,686,000	382,192,000	387,715,000	333,437,000	309,842,000	374,174,000	377,789,000	342,744,000	328,150,000	380,006,000	378,211,000	329,733,000	303,944,000	362,457,000	363,075,000	327,618,000	315,326,000	271,324,500	384,219,000	362,102,000	338,977,000	254,949,250	394,758,000	328,010,000	297,029,000	249,097,500	365,835,000	336,040,000	294,515,000	243,297,750	359,519,000	315,287,000	298,385,000	218,033,000	324,825,000	285,880,000	261,427,000		256,905,000	244,326,000	205,448,000	287,352,000	253,509,000	280,931,000	305,359,750	438,423,000	403,671,000	379,345,000	309,852,000	434,385,000	402,523,000	402,500,000	326,533,500	450,309,000	855,825,000
gross profit	499,900,000	363,500,000	288,100,000	286,200,000	238,400,000	260,400,000	278,800,000	261,300,000	232,800,000	273,100,000	285,300,000	215,500,000	174,300,000	207,900,000	209,500,000	220,600,000	196,909,000	194,196,000	195,356,000	187,862,000	179,946,000	208,650,000	185,547,000	150,905,000	176,018,000	233,887,000	237,671,000	192,589,000	169,614,000	223,918,000	233,331,000	200,870,000	176,919,000	204,269,000	221,244,000	184,752,000	173,723,000	218,828,000	221,554,000	208,920,000	185,711,000	225,143,000	231,631,000	206,124,000	184,500,000	227,963,000	219,932,000	181,133,000	155,172,000	192,981,000	199,871,000	174,658,000	147,782,000	185,951,000	191,336,000	165,113,000	146,827,000	178,014,000	179,395,000	146,930,000	134,724,000		141,317,000	119,180,000	149,961,000	166,604,000	129,481,000	124,735,000	210,413,000	224,718,000	209,443,000	184,038,000	243,195,000	240,243,000	215,637,000	206,700,000	225,375,000	237,423,000	464,123,000
yoy	109.69%	39.59%	3.34%	9.53%	2.41%	-4.65%	-2.28%	21.25%	33.56%	31.36%	36.18%	-2.31%	-11.48%	7.06%	7.24%	17.43%	9.43%	-6.93%	5.29%	24.49%	2.23%	-10.79%	-21.93%	-21.64%	3.78%	4.45%	1.86%	-4.12%	-4.13%	9.62%	5.46%	8.72%	1.84%	-6.65%	-0.14%	-11.57%	-6.46%	-2.80%	-4.35%	1.36%	0.66%	-1.24%	5.32%	13.80%	18.90%	18.13%	10.04%	3.71%	5.00%	3.78%	4.46%	5.78%	0.65%	4.46%	6.66%	12.38%	8.98%		26.95%	23.28%	-10.16%		9.14%	-4.45%	-28.73%	-25.86%	-38.18%	-32.22%	-13.48%	-6.46%	-2.87%	-10.96%	7.91%	1.19%	-53.54%
qoq	37.52%	26.17%	0.66%	20.05%	-8.45%	-6.60%	6.70%	12.24%	-14.76%	-4.28%	32.39%	23.64%	-16.16%	-0.76%	-5.03%	12.03%	1.40%	-0.59%	3.99%	4.40%	-13.76%	12.45%	22.96%	-14.27%	-24.74%	-1.59%	23.41%	13.55%	-24.25%	-4.03%	16.16%	13.54%	-13.39%	-7.67%	19.75%	6.35%	-20.61%	-1.23%	6.05%	12.50%	-17.51%	-2.80%	12.37%	11.72%	-19.07%	3.65%	21.42%	16.73%	-19.59%	-3.45%	14.44%	18.19%	-20.53%	-2.81%	15.88%	12.45%	-17.52%	-0.77%	22.10%	9.06%			18.57%	-20.53%	-9.99%	28.67%	3.80%	-40.72%	-6.37%	7.29%	13.80%	-24.32%	1.23%	11.41%	4.32%	-8.29%	-5.07%	-48.84%
gross margin %	37.10%	40.92%	42.13%	42.90%	39.75%	40.53%	41.48%	41.90%	39.59%	40.17%	40.09%	38.24%	36.38%	36.54%	34.99%	35.48%	34.40%	32.21%	33.29%	36.80%	37.16%	37.12%	36.59%	36.15%	37.55%	37.96%	38.00%	36.61%	35.38%	37.44%	38.18%	36.95%	35.03%	34.96%	36.91%	35.91%	36.37%	37.65%	37.90%	38.94%	37.07%	37.72%	37.61%	36.28%	35.25%	35.25%	35.78%	35.58%	34.31%	35.65%	35.33%	34.20%	33.41%	35.25%	34.73%	34.37%	32.98%	35.58%	35.58%	33.95%	34.01%	NaN%	35.49%	32.79%	36.25%	36.70%	33.81%	30.75%	32.98%	33.89%	34.16%	32.67%	36.38%	35.61%	34.88%	33.93%	33.53%	34.52%	35.16%	NaN%
selling and administrative expenses	514,800,000	291,300,000	222,700,000	215,500,000	207,600,000	203,400,000	208,400,000	205,900,000	203,100,000	211,000,000	223,300,000	211,000,000	167,900,000	179,100,000	178,200,000	189,700,000	176,472,000	176,007,000	169,113,000	163,175,000	157,346,000	170,994,000	146,785,000	136,063,000	167,085,000	168,969,000	176,731,000	168,411,000	165,937,000	166,695,000	179,577,000	172,973,000	171,895,000	175,934,000	169,547,000	162,684,000	163,666,000	170,824,000	169,495,000	162,319,000	165,106,000	165,789,000	170,365,000	167,278,000	168,704,000	182,341,000	166,216,000	155,288,000	145,210,000	155,237,000	154,641,000	154,538,000	144,556,000	155,046,000	149,421,000	151,455,000	143,734,000	147,034,000	138,671,000	136,197,000	132,413,000		128,032,000	122,800,000	135,426,000	129,897,000	124,766,000	136,257,000	173,065,000	189,577,000	182,673,000	172,555,000	185,052,000	176,904,000	169,559,000	170,814,000	172,833,000	177,059,000	367,784,000
acquisition costs	3,500,000
restructuring and impairment charges	18,000,000				6,400,000	2,500,000	1,600,000	2,000,000		31,400,000	5,300,000	8,100,000														1,157,000	284,000	930,000		13,422,000	128,000	837,000																																													480,000		1,947,000
operating income	-36,400,000	-31,200,000	64,600,000	68,200,000	24,400,000	54,600,000	68,900,000	53,400,000	29,700,000	30,700,000	56,800,000	-3,600,000	6,400,000	23,000,000	81,900,000	29,900,000	20,437,000	11,890,000	26,243,000	24,687,000	22,600,000	31,499,000	38,762,000	14,842,000	-23,728,000	63,761,000	60,656,000	23,248,000	3,677,000	43,801,000	53,626,000	27,060,000	3,686,000	-10,612,000	57,719,000	21,649,000	7,934,000	16,484,000	51,660,000	46,029,000	19,519,000	47,763,000	61,088,000	39,406,000	15,419,000	24,821,000	52,729,000	16,909,000	18,390,000	37,647,000	45,115,000	20,155,000	3,070,000	30,322,000	41,743,000	13,366,000	2,196,000	29,849,000	40,447,000	10,270,000	921,000		12,047,000	-5,454,000	-12,505,000	32,267,000	837,000		15,833,000	33,644,000	24,741,000	10,665,000	53,211,000	59,075,000	45,350,000	36,022,000	51,633,000	60,391,000	94,392,000
yoy	-249.18%	-157.14%	-6.24%	27.72%	-17.85%	77.85%	21.30%	-1583.33%	364.06%	33.48%	-30.65%	-112.04%	-68.68%	93.44%	212.08%	21.12%	-9.57%	-62.25%	-32.30%	66.33%	-195.25%	-50.60%	-36.10%	-36.16%	-745.31%	45.57%	13.11%	-14.09%	-0.24%	-512.75%	-7.09%	24.99%	-53.54%	-164.38%	11.73%	-52.97%	-59.35%	-65.49%	-15.43%	16.81%	26.59%	92.43%	15.85%	133.05%	-16.16%	-34.07%	16.88%	-16.11%	499.02%	24.16%	8.08%	50.79%	39.80%	1.58%	3.20%	30.15%	138.44%		235.74%	-288.30%	-107.37%		1339.31%		-178.98%	-4.09%	-96.62%		-70.24%	-43.05%	-45.44%	-70.39%	3.06%	-2.18%	-51.96%
qoq	16.67%	-148.30%	-5.28%	179.51%	-55.31%	-20.75%	29.03%	79.80%	-3.26%	-45.95%	-1677.78%	-156.25%	-72.17%	-71.92%	173.91%	46.30%	71.88%	-54.69%	6.30%	9.23%	-28.25%	-18.74%	161.16%	-162.55%	-137.21%	5.12%	160.91%	532.25%	-91.61%	-18.32%	98.17%	634.13%	-134.73%	-118.39%	166.61%	172.86%	-51.87%	-68.09%	12.23%	135.82%	-59.13%	-21.81%	55.02%	155.57%	-37.88%	-52.93%	211.84%	-8.05%	-51.15%	-16.55%	123.84%	556.51%	-89.88%	-27.36%	212.31%	508.65%	-92.64%	-26.20%	293.84%	1015.09%			-320.88%	-56.39%	-138.75%	3755.08%			-52.94%	35.98%	131.98%	-79.96%	-9.93%	30.26%	25.90%	-30.23%	-14.50%	-36.02%
operating margin %	-2.70%	-3.51%	9.45%	10.22%	4.07%	8.50%	10.25%	8.56%	5.05%	4.52%	7.98%	-0.64%	1.34%	4.04%	13.68%	4.81%	3.57%	1.97%	4.47%	4.84%	4.67%	5.60%	7.64%	3.56%	-5.06%	10.35%	9.70%	4.42%	0.77%	7.32%	8.78%	4.98%	0.73%	-1.82%	9.63%	4.21%	1.66%	2.84%	8.84%	8.58%	3.90%	8.00%	9.92%	6.93%	2.95%	3.84%	8.58%	3.32%	4.07%	6.96%	7.97%	3.95%	0.69%	5.75%	7.58%	2.78%	0.49%	5.97%	8.02%	2.37%	0.23%	NaN%	3.03%	-1.50%	-3.02%	7.11%	0.22%	0%	2.48%	5.07%	4.04%	1.89%	7.96%	8.76%	7.34%	5.91%	7.68%	8.78%	7.15%	NaN%
other non-operating income	1,500,000
interest expense	20,700,000	16,700,000	7,200,000	6,100,000	5,500,000	5,100,000	7,100,000	7,400,000	7,600,000	8,000,000	9,400,000	5,500,000	2,700,000	2,300,000	2,400,000	2,100,000	1,986,000	1,688,000	1,853,000	1,857,000	1,755,000	1,719,000	1,517,000	1,943,000	1,811,000	1,833,000	2,205,000	2,762,000	2,467,000	2,370,000	2,602,000	2,718,000	2,337,000	2,147,000	1,835,000	1,347,000	1,046,000	990,000	1,091,000	1,131,000	1,874,000	1,212,000	1,733,000	1,968,000	1,989,000	1,976,000	1,971,000	2,187,000	2,202,000	1,687,000	2,826,000	2,725,000	2,668,000	2,684,000	2,658,000	2,909,000	2,614,000	2,762,000	2,567,000	3,033,000	3,589,000		3,054,000	2,723,000	2,666,000	3,167,000	3,049,000	3,198,000	4,384,000	4,245,000	4,359,000	3,877,000	4,284,000	4,815,000	4,774,000	4,288,000	4,869,000	4,450,000	5,004,000
income before income taxes	-55,600,000	-47,500,000	57,400,000	62,000,000	18,900,000	49,500,000	61,800,000	46,000,000	22,000,000	22,700,000	47,400,000	-9,000,000	3,800,000	20,600,000	79,500,000	27,800,000	18,451,000	10,202,000	24,390,000	22,830,000	20,845,000	29,780,000	37,245,000	12,899,000	-25,539,000	61,928,000	58,451,000	20,768,000	1,566,000	41,728,000	51,104,000	24,431,000	1,462,000	-12,929,000	55,955,000	20,627,000	6,959,000	15,578,000	50,649,000	44,961,000	17,723,000	46,628,000	59,465,000	37,557,000	13,520,000	22,937,000	50,868,000	14,868,000	16,258,000	36,118,000	42,447,000	17,588,000	554,000	12,433,500	39,240,000	10,733,000	-239,000
income taxes	-16,800,000	8,725,000	16,200,000	13,800,000	5,000,000					3,900,000	9,600,000	3,800,000	2,200,000	4,550,000	16,400,000	-2,500,000	4,274,000	4,119,000	5,232,000	5,418,000	5,827,000	1,314,750	6,558,000	345,000	-1,643,000	4,469,500	12,375,000	4,957,000		4,008,250	11,197,000	5,835,000		6,893,250	18,624,000	6,771,000	2,178,000	4,621,000	16,837,000	15,934,000	5,881,000	14,397,000	18,619,000	13,680,000	5,068,000	15,959,000	17,372,000	5,203,000	5,242,000	13,376,000	14,398,000	6,189,000	-625,000	10,493,000	15,036,000	3,835,000	-86,000	9,219,000	13,186,000	2,744,000	-738,000		3,493,000	-3,947,000	-4,358,000	11,441,000	-695,000		3,252,000	10,107,000	7,095,000	3,180,000	12,032,000	19,342,000	14,404,000	11,363,000	10,329,000	20,542,000	32,799,000
net income	-38,800,000	-49,200,000	41,200,000	48,300,000	13,900,000	38,300,000	47,500,000	36,000,000	17,700,000	22,700,000	37,800,000	-12,800,000	1,600,000	16,300,000	63,100,000	30,300,000	14,177,000	8,222,000	19,158,000	17,412,000	15,018,000	22,573,000	30,687,000	12,554,000	-23,896,000	47,595,000	46,076,000	15,811,000	1,020,000	32,362,000	39,907,000	18,596,000	2,461,000	33,930,000	37,331,000	13,856,000	4,781,000	10,957,000	33,812,000	29,027,000	11,842,000	32,231,000	40,846,000	23,877,000	8,452,000	6,978,000	33,496,000	9,665,000	11,016,000	22,742,000	28,049,000	11,399,000	1,179,000	17,377,000	24,204,000	6,898,000	-153,000	18,026,000	24,916,000	4,603,000	-1,797,000		4,765,000	-5,853,000	-10,709,000	17,710,000	-1,392,000		8,515,000	19,489,000	13,469,000	3,977,000	37,513,000	35,307,000	26,877,000	20,681,000	30,491,000	35,762,000	57,122,000
yoy	-379.14%	-228.46%	-13.26%	34.17%	-21.47%	68.72%	25.66%	-381.25%	1006.25%	39.26%	-40.10%	-142.24%	-88.71%	98.25%	229.37%	74.02%	-5.60%	-63.58%	-37.57%	38.70%	-162.85%	-52.57%	-33.40%	-20.60%	-2442.75%	47.07%	15.46%	-14.98%	-58.55%	-4.62%	6.90%	34.21%	-48.53%	209.67%	10.41%	-52.27%	-59.63%	-66.00%	-17.22%	21.57%	40.11%	361.89%	21.94%	147.05%	-23.28%	-69.32%	19.42%	-15.21%	834.35%	30.87%	15.89%	65.25%	-870.59%	-3.60%	-2.86%	49.86%	-91.49%		422.90%	-178.64%	-83.22%		-442.31%		-225.77%	-9.13%	-110.33%		-77.30%	-44.80%	-49.89%	-80.77%	23.03%	-1.27%	-52.95%
qoq	-21.14%	-219.42%	-14.70%	247.48%	-63.71%	-19.37%	31.94%	103.39%	-22.03%	-39.95%	-395.31%	-900.00%	-90.18%	-74.17%	108.25%	113.73%	72.43%	-57.08%	10.03%	15.94%	-33.47%	-26.44%	144.44%	-152.54%	-150.21%	3.30%	191.42%	1450.10%	-96.85%	-18.91%	114.60%	655.63%	-92.75%	-9.11%	169.42%	189.81%	-56.37%	-67.59%	16.48%	145.12%	-63.26%	-21.09%	71.07%	182.50%	21.12%	-79.17%	246.57%	-12.26%	-51.56%	-18.92%	146.07%	866.84%	-93.22%	-28.21%	250.88%	-4608.50%	-100.85%	-27.65%	441.30%	-356.15%			-181.41%	-45.35%	-160.47%	-1372.27%			-56.31%	44.70%	238.67%	-89.40%	6.25%	31.37%	29.96%	-32.17%	-14.74%	-37.39%
net income margin %	-2.88%	-5.54%	6.03%	7.24%	2.32%	5.96%	7.07%	5.77%	3.01%	3.34%	5.31%	-2.27%	0.33%	2.87%	10.54%	4.87%	2.48%	1.36%	3.27%	3.41%	3.10%	4.02%	6.05%	3.01%	-5.10%	7.73%	7.37%	3.01%	0.21%	5.41%	6.53%	3.42%	0.49%	5.81%	6.23%	2.69%	1.00%	1.88%	5.78%	5.41%	2.36%	5.40%	6.63%	4.20%	1.61%	1.08%	5.45%	1.90%	2.44%	4.20%	4.96%	2.23%	0.27%	3.29%	4.39%	1.44%	-0.03%	3.60%	4.94%	1.06%	-0.45%	NaN%	1.20%	-1.61%	-2.59%	3.90%	-0.36%	0%	1.33%	2.94%	2.20%	0.71%	5.61%	5.23%	4.35%	3.39%	4.54%	5.20%	4.33%	NaN%
less: net income attributable to non-controlling interest																						5,000	-1,000	-2,000	-1,000			1,000	-2,000	-1,000		-1,000	-49,000	3,000	60,000	8,000
net income attributable to hni corporation	-38,800,000	-49,200,000	41,200,000	48,200,000	13,900,000	38,300,000	47,500,000	36,000,000	17,700,000	22,700,000	37,800,000	-12,800,000	1,600,000	16,300,000	63,100,000	30,300,000	14,178,000	8,222,000	19,158,000	17,414,000	15,019,000	22,568,000	30,688,000	12,556,000	-23,895,000	47,595,000	46,078,000	15,810,000	1,022,000	32,363,000	39,907,000	18,597,000	2,510,000	33,839,000	37,271,000	13,848,000	4,837,000	10,892,000	33,813,000	29,029,000	11,843,000	32,231,000	40,848,000	23,879,000	8,478,000	7,082,000	33,588,000	9,705,000	11,096,000	22,760,000	28,094,000	11,421,000	1,408,000	17,593,000	24,490,000	7,025,000	-141,000	18,137,000	24,947,000	4,657,000	-1,755,000		4,703,000	-5,986,000
average number of common shares outstanding – basic	71,600,000	1,600,000	45,800,000	46,200,000	47,000,000	100,000	47,700,000	47,200,000	47,100,000	700,000	46,600,000	43,300,000	41,500,000	-100,000	41,300,000	41,800,000	42,388,000	-135,000	43,781,000	43,776,000	43,163,000	38,000	42,684,000	42,640,000	42,628,000	-116,000	42,899,000	43,217,580,000	43,533,527,000	22,957,000	43,822,757,000	43,665,411,000	43,359,971,000	-131,373,000	43,682,805,000	44,178,287,000	44,050,040,000	11,103,077,500	44,547,375,000	44,431,198,000	44,258,357,000	11,081,902,000	44,263,027,000	44,416,008,000	44,303,788,000	11,229,009,500	44,689,819,000	45,019,783,000	45,038,512,000	11,323,778,750	45,317,912,000	45,412,668,000	45,154,764,000	11,316,262,500	45,224,059,000	45,419,564,000	45,151,526,000	11,198,788,750	44,787,437,000	44,745,474,000	44,852,553,000		45,193,336,000	45,166,450,000	11,208,427,750	44,994,399,000	44,894,656,000	44,612,079,000	11,081,984,750	44,213,017,000	44,233,402,000	44,537,399,000	11,765,721,750	46,256,366,000	46,936,567,000
net income attributable to hni corporation per common share – basic	-550,000	-1,100,000	900,000	1,040,000	300,000	810,000	1,000,000	760,000	380,000	510,000	810,000	-300,000	40,000	400,000	1,530,000	730,000	330	200	440	400	350	530	720	290	-560	1,100	1,070	370	20	740	910	430	60	780	850	310	110	250	760	650	270	730	920	540	190	160	750	220	250	510	620	250	30	390	540	150		410	560	100	-40		100	-130
average number of common shares outstanding – diluted	71,600,000	1,600,000	46,700,000	47,100,000	48,000,000	100,000	48,700,000	48,200,000	48,100,000	900,000	47,300,000	43,300,000	42,100,000	-100,000	41,800,000	42,400,000	43,072,000	-81,000	44,342,000	44,481,000	43,584,000	51,000	43,010,000	42,929,000	42,628,000	-125,000	43,186,000	43,633,949,000	44,088,784,000	-21,854,000	44,678,824,000	44,289,662,000	44,134,142,000	-238,906,000	44,479,117,000	45,305,547,000	45,452,664,000	11,372,016,750	45,844,566,000	45,632,284,000	45,039,918,000	11,379,130,250	45,402,537,000	45,620,984,000	45,523,785,000	11,439,625,500	45,611,099,000	45,867,927,000	45,837,579,000	11,487,943,750	46,089,580,000	46,109,563,000	45,719,878,000	11,459,979,250	45,820,422,000	45,944,815,000	45,151,526,000	11,420,880,000	45,637,042,000	45,667,453,000	44,852,553,000		46,011,691,000	45,166,450,000	11,318,228,000	45,598,155,000	44,894,656,000	44,612,079,000	11,113,361,250	44,340,220,000	44,370,451,000	44,705,603,000	11,824,647,500	46,486,724,000	47,199,397,000
net income attributable to hni corporation per common share – diluted	-550,000	-1,080,000	880,000	1,020,000	290,000	790,000	980,000	750,000	370,000	490,000	800,000	-300,000	40,000	400,000	1,510,000	720,000	330	190	430	390	340	530	710	290	-560	1,100	1,070	360	20	730	890	420	60	760	840	310	110	240	740	640	260	710	900	520	190	160	740	210	240	500	610	250	30	390	530	150		400	550	100	-40		100	-130
foreign currency translation adjustments	-4,500,000	2,200,000	100,000	6,400,000	-100,000	-300,000		-100,000			-200,000		100,000	-200,000	-3,700,000	-1,300,000	-568,000	310,000	46,000	194,000	-132,000	1,473,000	923,000	45,000	-600,000	467,000	-1,035,000	-333,000	963,000	-1,060,000	-817,000	-1,128,000	1,000	440,000	320,000	115,000	345,000	-832,000	-80,000
change in unrealized gains on marketable securities, net of tax	-100,000			100,000	100,000	-200,000	300,000			300,000		-100,000	200,000	100,000	-300,000	-100,000	-410,000	-144,000	-32,000	-25,000	-100,000	-4,000	-33,000	244,000	59,000	-1,000	36,000	126,000	90,000	75,000	-6,000	-13,000	-79,000
change in derivative financial instruments, net of tax	600,000	100,000	200,000	-100,000	-600,000		-1,800,000	300,000	1,400,000	-2,700,000			-100,000	-100,000	-100,000	100,000	913,000	447,000	170,000	143,000	263,000	127,000	106,000	-283,000	-2,216,000	-528,000	-477,000	-1,327,000	-309,000	-1,120,000	106,000	326,000	1,027,000
other comprehensive income, net of tax	-4,000,000	3,700,000	300,000	8,400,000	-500,000	2,200,000	-1,400,000	300,000	1,400,000	-2,400,000	-200,000	-100,000	100,000	4,100,000	-4,000,000	-1,300,000	-65,000	1,851,000	184,000	312,000	31,000	676,000	996,000	6,000	-2,757,000			-1,534,000	-441,000	596,000	-717,000	-815,000	949,000
comprehensive income	-42,800,000	-45,500,000	41,500,000	56,700,000	13,400,000	40,500,000	46,100,000	36,300,000	19,000,000	20,300,000	37,500,000	-12,900,000	1,700,000	20,400,000	59,100,000	29,000,000	14,112,000	10,073,000	19,342,000	17,724,000	15,049,000	23,249,000	31,683,000	12,560,000	-26,653,000	46,572,000	44,600,000	14,277,000	579,000	32,958,000	39,190,000	17,781,000	3,410,000	34,586,000	37,696,000	13,596,000	5,408,000	12,941,000	34,092,000	27,265,000	11,526,000	33,342,000	39,209,000	24,273,000	8,771,000	1,065,000	32,671,000	9,616,000	11,464,000	25,039,000	27,462,000	9,313,000	1,207,000	15,268,000	25,865,000	6,067,000	724,000
less: comprehensive income attributable to non-controlling interest																						5,000	-1,000	-2,000				1,000	-2,000	-1,000		-1,000	-49,000	91,000	60,000	8,000
comprehensive income attributable to hni corporation	-42,800,000	-45,500,000	41,500,000	56,600,000	13,400,000	40,500,000	46,100,000	36,300,000	19,000,000	20,300,000	37,500,000	-12,900,000	1,700,000	20,400,000	59,100,000	29,000,000	14,113,000	10,073,000	19,342,000	17,726,000	15,050,000	23,244,000	31,684,000	12,562,000	-26,652,000	46,572,000	44,602,000	14,276,000	581,000	32,959,000	39,190,000	17,782,000	3,459,000	34,495,000	37,636,000	13,588,000	5,464,000	12,876,000	34,093,000	27,267,000	11,527,000	33,342,000	39,211,000	24,275,000	8,797,000	1,169,000	32,763,000	9,656,000	11,544,000	25,057,000	27,507,000	9,335,000	1,436,000	15,484,000	26,151,000	6,194,000	736,000
restructuring, impairment, and loss on divestiture		8,800,000	800,000	2,500,000
change in pension and post-retirement liability, net of tax		1,400,000		2,000,000																						-296,250			-1,185,000
income tax expense						11,200,000	14,300,000	10,000,000	4,300,000																				546,000				-999,000
restructuring charges									100,000																								1,338,000	831,250	783,000	419,000	2,123,000	514,250	399,000	572,000	1,086,000
gain on sale of subsidiary														200,000	-50,600,000
less: net loss attributable to non-controlling interest																	-1,000	-750		-2,000	-1,000					-500	-2,000
less: comprehensive loss attributable to non-controlling interest																	-1,000	-750		-2,000	-1,000				-1,000	-500	-2,000
impairment charges														250,000		1,000,000									32,661,000
impairment and restructuring charges																						8,165,250
other comprehensive loss, net of tax																										-862,750	-1,476,000
interest income																												282,000	356,000	297,000	80,000	89,000	113,000	-170,000	71,000	325,000	71,000	84,000	80,000	63,000	78,000	77,000	110,000	119,000	90,000	92,000	110,000	146,000	70,000	158,000	158,000	158,000	152,000	232,000	155,000	276,000	179,000	158,000	222,000	110,000	133,000		92,000	88,000	104,000	51,000	125,000	135,000	326,000	208,000	175,000	463,000	455,000	326,000	196,000	252,000	329,000	339,000	471,000
gain on sale and license of assets																																		-1,701,250	-6,805,000
change in unrealized gains on marketable securities																																		11,000	7,000	19,000	18,000	2,750	-62,000
change in derivative financial instruments																																		-22,500	38,000	-394,000	264,000	2,591,000	422,000
other comprehensive income																																		183,250	365,000	-260,000	627,000
less: net loss attributable to the non-controlling interest																																					-56,000
less: comprehensive (loss) attributable to non-controlling interest																																					-56,000
less: net loss attributable to the noncontrolling interest																																						-1,000	-1,000	-2,000	-1,000
other comprehensive gain net of tax																																						-449,500	280,000
less: comprehensive (loss) attributable to noncontrolling interest																																						-1,000	-1,000	-2,000	-1,000	-7,500	-2,000	-2,000	-26,000	-53,000	-92,000	-40,000	-80,000	-74,000	-45,000	-22,000	-229,000
cash dividends per common share																																								275	265	195	265	265	250	185	250	250	240	180	240	240	240	177.5	240	240	230	172.5	230	230	230		215	215	161.25	215	215	215	161.25	215	215	215	146.25	195	195	195	135	180	360	180
other comprehensive income, net of tax: three months 2016 (587); 2015 185; six months 2016 (868); 2015 319																																								-1,762,000
other comprehensive income, net of tax: three months 2016 (332); 2015 134																																									-316,000
loss on sale of assets																																										4,500	6,000			-2,436,500		-1,346,000
restructuring and impairment																																										-3,000	172,000	-560,000	377,000	2,810,250	987,000	10,282,000	-28,000	59,000	115,000	-35,000	156,000	340,250	172,000	292,000	897,000	532,500	277,000	463,000	1,390,000		1,238,000	1,834,000	3,350,750	4,440,000	3,878,000	5,085,000	1,086,000	1,497,000	2,029,000	818,000	1,214,000	4,264,000	728,000	-136,000
less: net (loss) attributable to the noncontrolling interest																																										-7,500	-2,000	-2,000	-26,000	-53,000	-92,000	-40,000	-80,000	-74,000	-45,000	-22,000	-229,000		-286,000	-127,000	-12,000		-31,000
other comprehensive income, net of tax: three months 2015																																										-230,500	-1,637,000
(gain) on sale of assets																																																	-8,400,000
other comprehensive income, net of tax: three months 2015 185; 2014 30; six months 2015 319; 2014																																												396,000
other comprehensive income, net of tax: 2015 134; 2014																																													319,000
other comprehensive income, net of tax: 2014 (197); 2013 7																																															-825,000
other comprehensive income, net of tax: 2014 30; 2013 103																																																-49,000
other comprehensive income, net of tax: 2014																																																	448,000
other comprehensive income, net of tax: 2013 7; 2012 218																																																			-587,000
other comprehensive income, net of tax of 2013 103; 2012																																																				-2,086,000
other comprehensive income, net of tax of 2013 (20); 2012 346																																																					28,000
other comprehensive income, net of tax of 2012 218; 2011																																																							1,661,000
less: comprehensive income attributable to noncontrolling interest																																																						-106,250	-286,000	-127,000	-12,000
other comprehensive income, net of tax of 2012																																																								-831,000
other comprehensive income, net of tax of 2012 346; 2011 522																																																									877,000
earnings before income taxes																																																										10,728,500	38,102,000	7,347,000	-2,535,000		9,085,000	-8,089,000	1,848,500	29,151,000
income from continuing operations, less applicable income taxes																																																										18,026,000	24,916,000	4,603,000	-1,797,000		5,592,000	-4,142,000
discontinued operations, less applicable income taxes																																																															-827,000	-1,711,000
income from continuing operations attributable to hni corporation per common share – basic																																																										410	560	100	-40		120	-90
discontinued operations attributable to hni corporation per common share – basic																																																															-20	-40
income from continuing operations attributable to hni corporation per common share – diluted																																																										400	550	100	-40		120	-90
discontinued operations attributable to hni corporation per common share – diluted																																																															-20	-40
less: net income attributable to the noncontrolling interest																																																						-106,250				-31,750		-54,000	-42,000		62,000	-133,000	64,000	96,000	5,000
see accompanying notes to condensed consolidated financial statements.
net income attributable to parent company																																																																	-10,773,000	17,614,000	-1,397,000
net income attributable to parent company per common share – basic																																																																	-240	390	-30
net income attributable to parent company per common share – diluted																																																																	-240	390	-30
earnings (loss) before income taxes																																																																			-2,087,000
earnings from continuing operations before income taxes and minority interest																																																																					11,775,000	29,607,000	20,557,000	7,251,000	49,382,000	54,586,000	40,772,000	31,986,000
earnings from continuing operations before minority interest																																																																					8,523,000	19,500,000	13,462,000	4,071,000	37,350,000	35,244,000	26,368,000	20,623,000
minority interest in earnings of subsidiary																																																																					24,500	11,000	-7,000	94,000	-163,000	-63,000	-25,000	-28,000			-62,000
net income per common share – basic																																																																					200	440	300	90	820	760	570
net income per common share – diluted																																																																					190	440	300	90	820	760	570
income from continuing operations																																																																					8,515,000		13,469,000	3,977,000	37,513,000	35,307,000	26,393,000	20,651,000
discontinued operations, less applicable taxes																																																																									128,500		484,000	30,000
net income from continuing operations – basic																																																																					200		300	90	820	760	560
net income from discontinued operations – basic
net income from continuing operations – diluted																																																																					190		300	90	810	760	560
net income from discontinued operations – diluted																																																																									10		10
net income from discontinued operations - basic																																																																											10
net income from continuing operations - basic																																																																												430
net income per common share - basic																																																																												430	630	730	1,110
average number of common shares outstanding - basic																																																																												47,995,728,000	12,680,749,250	49,323,698,000	51,422,647,000	51,836,006,000
net income from continuing operations - diluted																																																																												430
net income from discontinued operations - diluted
net income per common share - diluted																																																																												430	630	720	1,100
average number of common shares outstanding - diluted																																																																												48,278,102,000	12,762,809,250	49,591,889,000	51,781,098,000	52,229,322,000
earnings before income taxes and minority interest																																																																													36,534,750	56,280,000	89,859,000
earnings before minority interest																																																																													23,199,500	35,738,000	57,060,000
net sales cost of products sold gross profit selling and administrative expenses restructuring and impairment charges operating income interest income interest expense earnings before income taxes and minority interest income taxes earnings before minority interest minority interest in earnings of subsidiary net income																																																																																648,677,000
net income per common share																																																																																550

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-04-04	2026-01-03	2025-09-27	2025-06-28	2025-04-28	2025-03-29	2024-12-28	2024-09-28	2024-06-29	2024-03-30	2023-12-30	2023-09-30	2023-07-01	2023-04-01	2022-12-31	2022-10-01	2022-07-20	2022-07-02	2022-04-02	2022-01-01	2021-10-02	2021-07-03	2021-04-03	2021-01-02	2020-09-26	2020-06-27	2020-03-28	2019-12-28	2019-09-28	2019-06-29	2019-03-30	2018-12-29	2018-09-29	2018-06-30	2018-03-31	2017-12-30	2017-09-30	2017-07-01	2017-04-01	2016-12-31	2016-10-01	2016-07-02	2016-04-02	2016-01-02	2015-10-03	2015-07-04	2015-04-04	2015-01-03	2015-01-02	2014-09-27	2014-06-28	2014-03-29	2014-01-03	2013-12-28	2013-09-28	2013-06-29	2013-03-30	2012-12-29	2012-09-29	2012-06-30	2012-03-31	2011-12-31	2011-10-01	2011-07-02	2011-04-02	2010-07-03	2010-04-03	2010-01-02	2009-07-04	2009-01-03	2009-01-02	2008-09-27	2008-06-28	2008-03-29	2008-01-03	2007-12-29	2007-09-29	2007-06-30	2007-03-31	2006-12-30	2006-07-01	2005-12-31

assets
current assets:
cash and cash equivalents	71,400,000	209,200,000	20,700,000	32,000,000		21,100,000	22,500,000	34,300,000	28,200,000	27,000,000	28,900,000	24,400,000	23,800,000	16,800,000	17,400,000	21,100,000	5,500,000	19,600,000	23,483,000	52,270,000	126,436,000	118,498,000	94,281,000	116,120,000	109,385,000	26,204,000	35,413,000	52,073,000	53,013,000	28,782,000	47,872,000	76,819,000	43,738,000	31,065,000	28,813,000	23,348,000	22,416,000	27,148,000	29,128,000	36,312,000	27,335,000	24,441,000	38,566,000	28,548,000	24,616,000	33,438,000	25,469,000	34,144,000	28,548,000	29,678,000	29,278,000	45,684,000	34,144,000	65,030,000	36,891,000	33,751,000	30,910,000	41,782,000	49,265,000	55,058,000	56,519,000	72,812,000	101,534,000	46,763,000	52,363,000	44,323,000	43,041,000	87,374,000	19,625,000	39,538,000	87,374,000	27,228,000	23,028,000	30,310,000	39,538,000	33,881,000	27,343,000	23,989,000	24,561,000	28,077,000		75,707,000
short-term investments	6,800,000	6,500,000	7,400,000	6,200,000		6,400,000	6,400,000	5,900,000	5,300,000	5,500,000	5,600,000	5,800,000	5,700,000	2,000,000	2,000,000	2,000,000		1,000,000	1,335,000	1,392,000	1,299,000	102,000	1,776,000	1,687,000	1,495,000	2,310,000	835,000	1,096,000	848,000	1,668,000	1,705,000	1,327,000	1,880,000	2,260,000	1,831,000	2,015,000	1,692,000	2,253,000	1,261,000	2,252,000	7,400,000	6,800,000	4,952,000	4,252,000	6,352,000	5,252,000	1,152,000	3,052,000	4,252,000	5,652,000	2,852,000	7,252,000	3,052,000	7,251,000	7,251,000	7,251,000	7,251,000	7,250,000	7,250,000	7,250,000	9,157,000	9,157,000	19,504,000	13,210,000	13,243,000	8,397,000	7,972,000	5,994,000	6,061,000	9,750,000	5,994,000	9,550,000	9,650,000	9,750,000	9,750,000	9,900,000	8,669,000	9,121,000	9,107,000	9,174,000		9,035,000
receivables	552,800,000	571,100,000	257,400,000	292,400,000	9,500,000	236,400,000	248,400,000	261,100,000	258,900,000	231,900,000	247,100,000	262,200,000	258,100,000	190,900,000	218,400,000	243,800,000	20,100,000	255,300,000	253,075,000	239,955,000	238,620,000	213,925,000	198,039,000	207,971,000	209,921,000	208,795,000	235,617,000	274,565,000	271,960,000	245,331,000	224,650,000	255,207,000	254,898,000	238,905,000	223,043,000	258,551,000	266,087,000	227,212,000	191,892,000	229,436,000	246,989,000	242,849,000	218,179,000	243,409,000	280,091,000	274,606,000	232,678,000	240,053,000	243,409,000	277,267,000	238,076,000	203,695,000	240,053,000	228,715,000	249,255,000	245,352,000	194,762,000	213,490,000	247,297,000	219,822,000	197,460,000	204,036,000	220,484,000	210,105,000	171,109,000	182,882,000	157,467,000	163,732,000	173,503,000	238,327,000	163,732,000	300,069,000	277,553,000	251,902,000	238,327,000	288,777,000	318,263,000	296,813,000	274,251,000	316,568,000		278,515,000
allowance for credit losses	-2,000,000	-1,100,000
inventories	490,500,000	475,300,000	194,500,000	216,500,000	2,700,000	205,000,000	194,300,000	210,300,000	222,800,000	212,100,000	196,600,000	228,900,000	234,800,000	191,100,000	180,100,000	222,200,000	6,900,000	227,000,000	206,561,000	181,591,000	188,590,000	187,467,000	154,176,000	137,811,000	144,135,000	156,647,000	170,522,000	163,465,000	181,922,000	193,952,000	170,589,000	157,178,000	174,551,000	185,371,000	158,688,000	155,683,000	154,085,000	167,205,000	143,713,000	118,438,000	150,690,000	170,083,000	147,928,000	125,228,000	145,196,000	164,684,000	143,883,000	121,791,000	125,228,000	116,864,000	128,377,000	100,283,000	121,791,000	89,516,000	99,109,000	118,309,000	106,669,000	93,515,000	104,879,000	113,651,000	99,909,000	101,873,000	95,725,000	101,042,000	88,087,000	82,714,000	64,925,000	65,144,000	75,075,000	84,290,000	65,144,000	109,439,000	103,868,000	111,239,000	84,290,000	108,541,000	100,983,000	111,955,000	102,658,000	105,765,000		91,110,000
prepaid expenses and other current assets	177,300,000	150,900,000	64,600,000	52,300,000	800,000	48,700,000	54,900,000	52,400,000	55,100,000	53,500,000	61,300,000	54,500,000	58,900,000	49,800,000	54,400,000	53,400,000	6,400,000	53,400,000	51,559,000	51,099,000	44,702,000	47,571,000	42,204,000	37,660,000	41,490,000	42,816,000	44,170,000	37,635,000	36,824,000	41,318,000	39,192,000	41,352,000	38,839,000	49,801,000	47,706,000	49,283,000	43,863,000	43,424,000	52,024,000	46,603,000	32,615,000	31,896,000	33,870,000	36,933,000	29,751,000	28,152,000	37,810,000	39,209,000	36,933,000	22,234,000	26,037,000	26,463,000	39,209,000	26,665,000	25,759,000	32,944,000	31,673,000	26,926,000	27,986,000	34,218,000	33,913,000	27,365,000	20,564,000	30,040,000	25,988,000	24,570,000	23,040,000	17,728,000	35,626,000	29,623,000	17,728,000	30,182,000	29,793,000	29,475,000	29,623,000	30,145,000	24,372,000	19,937,000	21,887,000	29,150,000		16,400,000
total current assets	1,296,900,000	1,411,900,000	542,900,000	597,600,000		529,300,000	524,500,000	561,700,000	568,100,000	527,200,000	535,900,000	572,400,000	597,700,000	447,100,000	469,200,000	540,000,000		624,700,000	532,920,000	523,494,000	595,462,000	563,198,000	485,572,000	495,735,000	500,435,000	430,994,000	481,387,000	528,834,000	544,567,000	511,051,000	484,008,000	531,883,000	513,906,000	507,402,000	460,081,000	488,880,000	488,143,000	467,242,000	418,018,000	433,041,000	465,029,000	476,069,000	443,495,000	438,370,000	500,970,000	523,047,000	458,039,000	455,559,000	438,370,000	468,557,000	439,475,000	398,748,000	455,559,000	433,228,000	434,448,000	458,887,000	392,988,000	404,940,000	456,177,000	448,225,000	414,719,000	434,040,000	479,147,000	423,145,000	372,471,000	362,139,000	314,953,000	360,271,000	327,199,000	417,841,000	360,271,000	494,174,000	461,596,000	451,493,000	417,841,000	489,072,000	498,537,000	481,061,000	449,937,000	504,174,000	496,357,000	486,598,000
property, plant, and equipment:
land and land improvements	97,700,000	99,100,000	57,700,000	56,900,000		56,900,000	58,500,000	59,400,000	59,200,000	59,000,000	58,900,000	58,700,000	58,500,000	30,700,000	30,800,000	31,000,000		30,900,000	30,940,000	30,851,000	29,983,000	29,974,000	29,989,000	29,691,000	29,782,000	29,750,000	29,776,000	29,394,000	29,306,000	29,133,000	29,110,000	28,377,000	28,120,000	28,469,000	28,437,000	28,593,000	29,581,000	29,094,000	28,960,000	27,403,000	30,077,000	29,279,000	29,240,000		28,861,000	28,603,000	27,399,000			27,702,000	27,587,000	27,602,000			27,051,000	26,931,000	27,246,000		26,936,000	23,270,000	23,204,000		21,484,000	21,468,000	21,618,000	21,378,000	21,710,000		23,693,000			23,720,000	24,277,000	24,088,000			23,706,000	27,543,000	27,548,000
buildings	529,400,000	529,100,000	418,600,000	411,800,000		407,900,000	407,900,000	416,800,000	413,400,000	409,600,000	406,800,000	403,100,000	410,000,000	278,300,000	275,400,000	292,300,000	6,200,000	291,100,000	295,715,000	294,545,000	294,240,000	293,842,000	294,760,000	293,708,000	295,998,000	294,238,000	294,903,000	295,517,000	292,902,000	292,081,000	291,005,000	290,263,000	292,048,000	290,076,000	285,493,000	306,137,000	319,568,000	305,821,000	303,904,000	283,930,000	306,483,000	302,023,000	303,644,000		299,310,000	298,637,000	299,593,000			291,118,000	287,743,000	287,787,000			281,443,000	276,966,000	269,293,000		267,633,000	265,799,000	265,733,000		259,033,000	258,135,000	256,478,000	259,335,000	264,955,000		280,501,000			271,020,000	265,801,000	260,476,000			267,572,000	270,962,000	266,549,000
machinery and equipment	1,076,400,000	1,128,500,000	665,100,000	664,100,000		666,400,000	685,900,000	699,400,000	708,100,000	714,500,000	705,800,000	689,200,000	682,700,000	607,300,000	602,600,000	589,300,000	25,900,000	581,300,000	601,776,000	593,630,000	588,126,000	580,730,000	580,398,000	578,643,000	577,442,000	568,265,000	579,958,000	581,225,000	574,130,000	574,982,000	570,121,000	565,884,000	553,236,000	554,414,000	550,565,000	556,571,000	546,128,000	543,524,000	533,771,000	528,099,000	535,968,000	530,504,000	530,572,000		507,326,000	511,004,000	499,716,000			485,296,000	477,620,000	474,194,000			467,570,000	465,156,000	461,248,000		464,753,000	460,476,000	469,777,000		462,090,000	460,055,000	457,137,000	482,806,000	486,887,000		515,685,000			511,780,000	504,292,000	510,330,000			496,281,000	539,332,000	548,766,000
construction in progress	53,700,000	58,500,000	31,200,000	29,900,000		26,500,000	25,900,000	20,700,000	23,300,000	21,800,000	22,200,000	32,900,000	41,700,000	39,800,000	34,200,000	31,900,000		26,900,000	27,905,000	29,663,000	26,082,000	24,310,000	20,460,000	17,750,000	12,142,000	22,630,000	21,284,000	20,881,000	22,046,000	27,252,000	32,132,000	28,443,000	31,243,000	31,722,000	40,973,000	39,788,000	46,488,000	60,671,000	38,843,000	51,343,000	40,027,000	29,872,000	24,720,000		33,547,000	23,329,000	23,960,000			25,572,000	27,459,000	27,899,000			21,159,000	20,535,000	21,337,000		16,727,000	17,607,000	13,838,000		9,421,000	7,914,000	10,641,000	11,597,000	7,624,000		6,784,000			31,968,000	29,677,000	29,184,000			25,571,000	24,616,000	17,122,000
less accumulated depreciation	-706,600,000	-678,000,000	-659,200,000	-647,600,000		-638,700,000	-648,600,000	-656,900,000	-656,000,000	-652,600,000	-638,500,000				-590,300,000					-581,909,000		568,551,000	562,717,000	553,835,000	551,031,000	546,036,000	551,335,000	545,510,000	538,303,000	537,368,000	534,439,000	528,034,000	525,316,000	527,735,000	530,528,000	540,768,000	548,791,000	551,169,000	542,172,000	534,330,000	543,221,000	536,583,000	540,867,000		535,132,000	540,851,000	539,955,000			544,209,000	541,970,000	543,605,000			538,247,000	537,345,000	534,743,000		537,749,000	539,511,000	545,024,000		532,317,000	523,698,000	518,421,000	531,390,000	530,286,000		541,954,000			522,952,000	511,721,000	515,690,000			511,234,000	552,567,000	551,611,000		842,719,000
net property, plant, and equipment	1,050,700,000	1,137,200,000	513,400,000	515,000,000		519,000,000	529,600,000	539,500,000	548,100,000	552,200,000	555,200,000	559,800,000	579,600,000	354,800,000	352,500,000	349,100,000		346,100,000	363,641,000	366,780,000	362,008,000	360,305,000	362,890,000	365,957,000	364,333,000	368,847,000	374,586,000	381,507,000	380,081,000	386,080,000	387,929,000	384,933,000	379,331,000	376,946,000	374,940,000	390,321,000	392,974,000	387,941,000	363,306,000	356,445,000	369,334,000	355,095,000	347,309,000		333,912,000	320,722,000	310,713,000			285,479,000	278,439,000	273,877,000			258,976,000	252,243,000	244,381,000		238,300,000	227,641,000	227,528,000		219,711,000	223,874,000	227,453,000	243,726,000	250,890,000		284,709,000			315,536,000	312,326,000	308,388,000			301,896,000	309,886,000	308,374,000		313,544,000
right-of-use - finance leases	10,900,000	11,300,000	12,700,000	12,700,000		14,000,000	14,300,000	12,200,000	12,700,000	11,700,000	12,200,000				11,400,000					10,173,000				6,095,000
right-of-use - operating leases	259,700,000	274,500,000	106,000,000	114,200,000		116,500,000	121,800,000	107,400,000	111,500,000	113,800,000	115,200,000				88,400,000		5,800,000			82,881,000				70,219,000
goodwill and other intangible assets	1,820,700,000	1,702,600,000	603,900,000	610,600,000		617,500,000	624,300,000	631,500,000	638,700,000	645,900,000	651,900,000	693,300,000	701,800,000	432,600,000	439,800,000	451,900,000	10,900,000	458,200,000	467,217,000	471,502,000	446,758,000	451,624,000	455,486,000	458,896,000	412,287,000	416,317,000	418,770,000	445,709,000	449,288,000	453,356,000	458,550,000	463,290,000	480,812,000	481,891,000	486,711,000	490,892,000	513,976,000
other assets	333,800,000	347,600,000	64,100,000	61,900,000		61,900,000	60,700,000	61,200,000	61,800,000	61,800,000	58,400,000	60,000,000	60,400,000	52,600,000	53,200,000	54,300,000		55,100,000	53,970,000	43,067,000	39,975,000	26,136,000	24,617,000	20,523,000	21,581,000	20,309,000	21,499,000	21,274,000	22,010,000	19,812,000	18,415,000	20,169,000	21,504,000	21,956,000	23,214,000	21,264,000	30,113,000	254,221,000	253,515,000	249,330,000	231,572,000	229,653,000	226,054,000	206,746,000	206,939,000	201,820,000	200,628,000	193,457,000	206,746,000	166,899,000	164,233,000	152,730,000	193,457,000	147,421,000	147,360,000	146,655,000	147,013,000	145,853,000	134,946,000	127,291,000	122,262,000	119,730,000	95,692,000	96,220,000	95,748,000	106,313,000	109,224,000	112,839,000	138,923,000	163,790,000	112,839,000	192,655,000	190,743,000	156,643,000	163,790,000	155,639,000	158,834,000	159,632,000	161,547,000	160,472,000	165,326,000	116,769,000
total assets	4,772,600,000	4,885,000,000	1,843,000,000	1,912,000,000	18,200,000	1,858,100,000	1,875,100,000	1,913,400,000	1,940,800,000	1,912,600,000	1,928,800,000	2,017,000,000	2,075,600,000	1,382,800,000	1,414,500,000	1,498,600,000	70,400,000	1,586,700,000	1,525,004,000	1,497,897,000	1,534,366,000	1,477,188,000	1,405,581,000	1,418,032,000	1,374,725,000	1,315,363,000	1,369,899,000	1,452,512,000	1,470,476,000	1,442,109,000	1,423,396,000	1,401,844,000	1,395,746,000	1,388,388,000	1,345,139,000	1,391,550,000	1,425,416,000	1,401,159,000	1,326,283,000	1,330,234,000	1,361,058,000	1,354,730,000	1,311,452,000	1,263,925,000	1,322,433,000	1,324,963,000	1,249,152,000	1,239,334,000	1,263,925,000	1,198,793,000	1,160,272,000	1,112,447,000	1,239,334,000	1,134,705,000	1,127,356,000	1,144,877,000	1,072,730,000	1,079,631,000	1,122,782,000	1,075,638,000	1,036,990,000	1,054,258,000	1,055,184,000	1,003,873,000	956,306,000	972,806,000	935,695,000	994,326,000	1,019,096,000	1,165,629,000	994,326,000	1,276,200,000	1,243,843,000	1,233,224,000	1,165,629,000	1,206,976,000	1,212,179,000	1,202,623,000	1,173,210,000	1,226,359,000	1,228,950,000	1,140,271,000
hni corporation and subsidiariescondensed consolidated balance sheets
liabilities and equity
current liabilities:
accounts payable and accrued expenses	820,500,000	1,016,400,000	371,500,000	370,800,000	7,400,000	348,800,000	391,200,000	431,300,000	390,900,000	363,700,000	418,700,000	450,800,000	438,800,000	326,300,000	367,700,000	435,000,000	36,100,000	423,400,000	434,793,000	473,753,000	464,599,000	420,706,000	367,072,000	413,638,000	390,535,000	334,719,000	338,954,000	453,202,000	435,103,000	396,301,000	346,185,000	428,865,000	430,723,000	409,266,000	347,029,000	450,128,000	430,617,000	387,853,000	346,141,000	425,046,000	415,555,000	395,430,000	349,841,000	424,405,000	427,502,000	404,685,000	369,891,000	453,754,000	424,405,000	445,262,000	396,203,000	336,584,000	453,754,000	407,799,000	405,211,000	382,215,000	332,931,000	390,958,000	401,122,000	354,648,000	306,110,000	358,290,000	352,222,000	320,753,000	272,840,000	303,251,000	255,614,000	299,718,000	258,405,000	313,431,000	299,718,000	372,220,000	339,396,000	295,238,000	313,431,000	367,320,000	364,328,000	321,989,000	278,906,000	328,882,000		307,952,000
current maturities of debt	18,300,000	16,200,000			500,000	50,000,000	50,300,000	50,900,000	50,700,000	12,800,000	7,500,000	15,400,000	1,100,000	1,600,000	1,300,000	1,200,000		1,700,000	2,165,000	3,221,000
current maturities of other long-term obligations	28,700,000	38,200,000	3,000,000	3,100,000		2,900,000	2,300,000	2,200,000	2,200,000	2,000,000	7,300,000	7,500,000	7,300,000	2,700,000	2,100,000	2,000,000		2,100,000	1,880,000	3,910,000	3,598,000	4,119,000	3,731,000	2,990,000	2,890,000	2,953,000	2,975,000	1,931,000	1,876,000	3,582,000	3,478,000	4,764,000	4,518,000	3,199,000	1,862,000	2,927,000	3,018,000	3,187,000	3,176,000	4,410,000	4,777,000	4,600,000	4,073,000	6,018,000	5,606,000	4,225,000	4,229,000	3,419,000	6,018,000	3,358,000	3,089,000	2,987,000	3,419,000	3,301,000	3,169,000	3,016,000	2,834,000	373,000	266,000	341,000	261,000	275,000	261,000	261,000	265,000	343,000	321,000	385,000	390,000	5,700,000	385,000	326,000	302,000	329,000	5,700,000	2,426,000	1,670,000	1,670,000	1,970,000	3,525,000		8,602,000
current lease obligations - finance	4,000,000	4,200,000	4,800,000	4,900,000		5,400,000	5,600,000	4,900,000	4,800,000	4,400,000	4,400,000	4,300,000	4,000,000	3,800,000	3,700,000	3,300,000		3,300,000	3,226,000	2,765,000	2,632,000	2,439,000	2,398,000	1,589,000	691,000	654,000	577,000
current lease obligations - operating	64,700,000	64,400,000	29,600,000	31,800,000		29,100,000	28,100,000	25,000,000	25,700,000	24,900,000	25,900,000	24,300,000	23,800,000	18,300,000	20,300,000	18,800,000	1,700,000	20,500,000	20,797,000	22,799,000	19,970,000	19,680,000	20,195,000	19,970,000	23,124,000	23,266,000	21,279,000
total current liabilities	936,100,000	1,139,300,000	409,000,000	410,700,000		443,700,000	477,500,000	514,300,000	474,200,000	407,700,000	463,700,000	502,300,000	489,400,000	352,600,000	395,100,000	460,400,000		492,100,000	462,861,000	506,448,000	494,144,000	450,899,000	394,657,000	439,028,000	417,240,000	361,592,000	365,615,000	478,705,000	459,426,000	423,178,000	372,860,000	434,308,000	435,961,000	412,899,000	427,855,000	489,703,000	450,905,000	484,363,000	465,991,000	463,473,000	441,423,000	483,271,000	459,207,000	435,900,000	690,352,000	713,236,000	448,773,000	457,333,000	435,900,000	449,883,000	434,994,000	378,746,000	457,333,000	411,584,000	417,249,000	454,400,000	384,934,000	395,885,000	445,265,000	415,334,000	371,716,000	388,910,000	402,861,000	371,119,000	323,537,000	353,596,000	305,944,000	300,142,000	298,932,000	373,625,000	300,142,000	422,029,000	377,303,000	346,227,000	373,625,000	384,461,000	380,425,000	386,989,000	295,600,000	358,542,000	404,890,000	358,174,000
long-term debt	1,426,800,000	1,276,900,000	324,200,000	444,400,000		354,700,000	294,300,000	294,500,000	411,700,000	460,200,000	428,300,000	493,200,000	597,100,000	206,300,000	188,800,000	199,700,000		308,700,000	240,929,000	174,608,000	174,587,000	174,566,000	174,545,000	174,524,000	174,502,000	183,481,000	228,460,000	174,439,000	239,418,000	285,397,000	295,876,000	249,355,000	249,334,000	296,397,000	250,000,000	240,000,000	295,000,000	240,000,000	175,000,000	180,000,000	215,800,000	193,000,000	195,000,000	185,000,000		9,000	198,023,000	197,736,000	185,000,000	166,050,000	150,064,000	150,077,000	197,736,000	150,091,000	150,105,000	150,118,000	150,132,000	150,146,000	150,159,000	150,173,000	150,187,000	150,200,000	150,182,000	150,000,000	150,000,000	150,000,000	150,000,000	200,000,000	213,800,000	267,300,000	200,000,000	317,300,000	342,300,000	286,300,000	267,300,000	280,315,000	277,800,000	279,300,000	287,300,000	285,300,000	205,550,000	103,050,000
long-term lease obligations - finance	7,100,000	7,300,000	8,200,000	8,000,000		8,800,000	8,900,000	7,400,000	7,900,000	7,300,000	7,900,000	7,900,000	7,700,000	7,100,000	7,700,000	7,700,000		7,900,000	8,173,000	7,373,000	7,270,000	7,193,000	7,677,000	4,516,000	1,522,000	1,639,000	1,479,000
long-term lease obligations - operating	206,700,000	224,600,000	92,600,000	98,500,000		103,500,000	109,600,000	98,300,000	101,600,000	103,700,000	104,000,000	109,000,000	114,000,000	75,600,000	78,900,000	82,300,000	4,900,000	75,900,000	78,779,000	63,757,000	64,634,000	50,710,000	50,222,000	53,249,000	57,948,000	60,761,000	57,585,000
other long-term liabilities	195,900,000	220,400,000	75,100,000	74,600,000		74,100,000	72,900,000	78,800,000	79,600,000	78,800,000	78,000,000	81,200,000	79,300,000	67,600,000	66,300,000	77,500,000		78,500,000	78,198,000	80,736,000	91,270,000	85,710,000	84,895,000	81,264,000	67,187,000	67,337,000	66,397,000	67,990,000	64,356,000	63,753,000	67,650,000	72,767,000	77,628,000	75,928,000	77,112,000	70,409,000	65,236,000	71,177,000	72,166,000	75,044,000	75,584,000	77,528,000	77,315,000	76,792,000	80,551,000	84,054,000	83,607,000	80,353,000	76,792,000	70,738,000	68,804,000	67,360,000	80,353,000	67,543,000	62,771,000	61,179,000	58,360,000	57,281,000	56,814,000	57,260,000	54,241,000	52,716,000	51,064,000	50,647,000	50,592,000	48,255,000	48,607,000	50,332,000	51,470,000	50,399,000	50,332,000	56,643,000	55,709,000	130,836,000	50,399,000	55,843,000	58,629,000	57,183,000	59,449,000	56,103,000	49,845,000	48,671,000
deferred income taxes	226,300,000	180,900,000	98,100,000	64,800,000		69,500,000	71,600,000	73,100,000	77,700,000	83,000,000	85,100,000	82,300,000	72,900,000	60,400,000	61,000,000	64,600,000	100,000	61,700,000	74,024,000	75,008,000	72,754,000	73,327,000	75,824,000	607,000	82,736,000	87,484,000	98,708,000	176,000	286,000	1,569,000	1,569,000	1,569,000	193,000	193,000	193,000	193,000	210,000	1,095,000	757,000	719,000	1,606,000	904,000	91,365,000		14,964,000	16,915,000	17,047,000	17,310,000		16,862,000	14,855,000	15,371,000	17,310,000	16,051,000	16,183,000	21,280,000	21,723,000	21,977,000	19,500,000	18,226,000	17,761,000	18,797,000	21,336,000	21,985,000	21,681,000	19,253,000	18,508,000	20,299,000	17,309,000	16,313,000	20,299,000	17,706,000	17,704,000	18,817,000	16,313,000	17,828,000	18,907,000	19,246,000	17,473,000	15,440,000	26,870,000	15,831,000
total liabilities	2,999,000,000	3,049,500,000	1,007,100,000	1,101,000,000	8,300,000	1,054,200,000	1,034,700,000	1,066,400,000	1,152,700,000	1,140,800,000		1,275,900,000	1,360,300,000	769,700,000		892,200,000	42,700,000	1,024,700,000	942,964,000		904,659,000	842,405,000
equity:
hni corporation shareholders’ equity	1,773,600,000		835,900,000	811,000,000		803,600,000		846,600,000	787,800,000	771,500,000		740,800,000	715,000,000	612,800,000
total equity	1,773,600,000	1,835,600,000	835,900,000	811,000,000		803,900,000	840,400,000	846,900,000	788,100,000	771,800,000	761,800,000	741,100,000	715,300,000	613,200,000	616,800,000	606,400,000		562,000,000	582,040,000	589,967,000	629,707,000	634,783,000	617,761,000	590,745,000	573,590,000	553,069,000	551,655,000	584,368,000	560,345,000	529,509,000	545,251,000	563,259,000	553,074,000	525,294,000	514,241,000	514,577,000	495,881,000	494,349,000	501,460,000	501,009,000	524,341,000	505,886,000	488,565,000	477,299,000	455,809,000	435,135,000	427,580,000	414,501,000	477,299,000	439,548,000	436,998,000	442,864,000	414,501,000	436,417,000	431,748,000	418,869,000	421,999,000	420,660,000	420,683,000	408,814,000	417,048,000	419,322,000	409,685,000	393,170,000	395,723,000	399,711,000	408,623,000	419,625,000	426,893,000		419,625,000
total liabilities and equity	4,772,600,000	4,885,000,000	1,843,000,000	1,912,000,000		1,858,100,000	1,875,100,000	1,913,400,000	1,940,800,000	1,912,600,000	1,928,800,000	2,017,000,000	2,075,600,000	1,382,800,000	1,414,500,000	1,498,600,000		1,586,700,000	1,525,004,000	1,497,897,000	1,534,366,000	1,477,188,000	1,405,581,000	1,418,032,000	1,374,725,000	1,315,363,000	1,369,899,000	1,452,512,000	1,470,476,000	1,442,109,000	1,423,396,000	1,401,844,000	1,395,746,000	1,388,388,000	1,345,139,000	1,391,550,000	1,425,416,000	1,401,159,000	1,326,283,000	1,330,234,000	1,361,058,000	1,354,730,000	1,311,452,000	1,263,925,000	1,322,433,000	1,324,963,000	1,249,152,000	1,239,334,000	1,263,925,000	1,198,793,000	1,160,272,000	1,112,447,000	1,239,334,000	1,134,705,000	1,127,356,000	1,144,877,000	1,072,730,000	1,079,631,000	1,122,782,000	1,075,638,000	1,036,990,000	1,054,258,000	1,055,184,000	1,003,873,000	956,306,000	972,806,000	935,695,000	994,326,000	1,019,096,000		994,326,000
hni corporation and subsidiaries consolidated balance sheets
hni corporation shareholders’ equity:
capital stock:
preferred stock - 1 par value, authorized 2.0 million shares, no shares outstanding
common stock - 1 par value, authorized 200.0 million shares, outstanding:
january 3, 2026 - 71.3 million shares; december 28, 2024 - 47.2 million shares		71,300,000
additional paid-in capital		1,170,300,000					201,500,000				201,600,000				49,100,000					39,192,000			63,447,000	38,659,000	31,865,000	29,988,000	28,086,000	19,799,000	18,534,000	17,364,000	15,921,000	18,041,000	27,517,000	26,077,000	20,124,000	7,029,000	6,214,000	5,438,000	11,853,000		14,447,000	17,890,000	15,689,000	4,407,000	4,536,000	11,167,000	15,973,000	867,000	4,407,000	797,000	18,302,000	22,382,000	867,000	16,729,000	25,627,000	29,186,000	30,673,000	20,153,000	24,315,000	27,884,000	31,068,000	24,277,000	21,685,000	19,364,000	16,382,000	20,226,000	23,918,000	19,695,000	15,536,000	6,037,000	19,695,000	4,831,000	3,482,000	3,808,000	6,037,000	3,152,000				2,807,000		941,000
retained earnings		590,400,000					599,600,000				523,600,000				534,000,000					514,645,000			519,559,000	517,994,000	508,518,000	490,909,000	491,429,000	529,723,000	505,714,000	474,519,000	489,707,000	504,909,000	485,432,000	458,458,000	452,748,000	467,296,000	450,089,000	449,130,000	449,390,000	461,524,000	472,000,000	450,463,000	433,659,000	433,575,000	413,044,000	383,931,000	371,829,000	374,929,000	433,575,000	393,800,000	372,412,000	373,960,000	374,929,000	373,652,000	362,099,000	344,893,000	344,375,000	353,942,000	347,156,000	333,713,000	337,602,000	348,210,000	340,383,000	325,738,000	331,371,000	334,514,000	339,539,000	355,270,000	367,793,000	400,379,000	355,270,000	401,379,000	391,396,000	391,462,000	400,379,000	410,075,000	423,494,000	409,830,000	459,064,000	448,268,000		540,822,000
accumulated other comprehensive income		3,500,000																					-9,122,000	-9,153,000	-9,829,000	-10,825,000	-10,830,000	-8,073,000	-7,050,000	-5,574,000	-4,040,000	-3,599,000	-4,195,000	-3,477,000	-2,662,000	-3,611,000	-4,267,000	-4,633,000	-4,373,000		-6,984,000	-7,264,000	-5,502,000		-6,297,000	-4,661,000	-5,056,000			538,000	1,363,000	1,413,000		965,000	-1,332,000	-744,000	1,341,000	1,313,000	3,422,000	1,761,000	2,592,000	1,715,000	2,434,000	2,887,000	2,742,000	-606,000	-526,000	-774,000	-1,614,000	-1,907,000	-774,000	1,918,000	1,884,000	1,567,000	-1,907,000	846,000	-1,704,000	-2,076,000	-2,741,000	-3,062,000		332,000
total hni corporation shareholders’ equity		1,835,600,000					840,100,000				761,400,000				616,500,000																					514,068,000				500,603,000				476,954,000				414,587,000	476,954,000				414,587,000	436,328,000				420,359,000				419,057,000
non-controlling interest						300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000		300,000	322,000	323,000	323,000	323,000	325,000	326,000	321,000	322,000	323,000	324,000	323,000	325,000	324,000	326,000	500,000	500,000	501,000	509,000	418,000	358,000	350,000	406,000
allowance for doubtful accounts			-1,800,000	-1,700,000		-1,900,000	-2,000,000	-2,300,000	-2,300,000	-2,800,000	-3,500,000	-3,400,000	-2,600,000	-3,400,000	-3,200,000	-2,400,000	-500,000	-2,700,000	-3,093,000	-2,813,000	-4,185,000	-4,365,000	-4,904,000	-5,514,000	-5,991,000	-5,778,000	-5,170,000
assets:
cash					800,000
property, plant & equipment					4,000,000
right-of-use operating leases					400,000							119,400,000	124,300,000	84,800,000		92,300,000		91,400,000	95,812,000		80,223,000	66,254,000	66,897,000		73,896,000	76,614,000	71,625,000
liabilities:
lease obligations - operating					400,000
assets held for sale						13,600,000							18,900,000					71,200,000
liabilities held for sale						7,600,000							14,400,000					41,100,000
december 28, 2024 - 47.2 million shares; december 30, 2023 - 46.9 million shares							47,200,000
accumulated other comprehensive loss							-8,300,000				-10,600,000				-8,000,000					-6,775,000																				-5,000,000
december 30, 2023 - 46.9 million shares; december 31, 2022 - 41.4 million shares											46,900,000
less: accumulated depreciation												-624,200,000	-613,300,000	-601,400,000		-595,400,000		-584,000,000	-592,695,000		576,423,000
right-of-use finance leases												12,100,000	11,800,000	10,900,000		11,000,000		11,300,000	11,444,000		9,940,000	9,671,000	10,119,000		2,193,000	2,282,000	2,032,000
december 31, 2022 - 41.4 million shares; january 1, 2022 - 42.6 million shares															41,400,000
hni corporation shareholders' equity																606,100,000		561,700,000	581,718,000		629,384,000	634,460,000
accumulated depreciation																	-17,000,000
property, plant, and equipment																	300,000																											341,159,000				311,008,000	341,159,000				311,008,000	267,401,000				240,490,000				229,727,000						260,102,000		315,606,000	260,102,000				315,606,000	305,431,000				309,952,000		294,660,000
goodwill																	14,200,000																					290,660,000	290,687,000	290,699,000	293,517,000	293,009,000	294,262,000	277,650,000	280,612,000	279,374,000	279,772,000	279,310,000	277,650,000	277,858,000	278,125,000	287,092,000	279,310,000	286,655,000	286,572,000	287,092,000	288,348,000	288,348,000	293,359,000	272,481,000	272,481,000	270,761,000	260,634,000	260,634,000	260,634,000	260,628,000	260,628,000	261,114,000	268,265,000	268,392,000	261,114,000	273,835,000	279,178,000	316,700,000	268,392,000	256,834,000	252,912,000	252,044,000	253,352,000	251,761,000	253,723,000	242,244,000
customer lists																	12,000,000
trade names
total net assets																	31,300,000
property, plant, and equipment: - sum																			956,336,000	948,689,000	938,431,000	928,856,000	925,607,000	919,792,000	915,364,000	914,883,000	925,921,000	927,017,000	918,384,000	923,448,000	922,368,000	912,967,000	904,647,000	904,681,000	905,468,000	931,089,000	941,765,000
hni corporation shareholders' equity:
preferred stock - 1 par value, authorized 2,000 shares, no shares outstanding
common stock - 1 par value, authorized 200,000 shares, outstanding:
january 1, 2022 - 42,582 shares; january 2, 2021 - 42,919 shares																				42,582,000
total hni corporation shareholders' equity																				589,644,000			617,436,000	590,419,000	573,269,000	552,747,000	551,332,000	584,044,000	560,022,000	529,184,000	544,927,000	562,933,000	552,574,000	524,794,000	513,740,000		495,463,000	493,991,000	501,110,000		524,000,000	505,544,000	488,221,000		455,464,000	434,787,000	427,231,000			439,530,000	437,028,000	442,855,000			431,647,000	418,724,000	421,847,000		420,042,000	408,688,000	416,795,000		409,328,000	392,770,000	395,226,000	399,174,000	408,148,000
current maturities of long-term debt																					3,345,000	3,955,000	1,261,000	841,000			1,830,000	790,000	1,440,000	1,101,000	478,000	679,000	720,000	434,000	78,964,000	36,648,000	17,270,000	93,323,000	116,674,000	34,017,000	21,091,000	83,241,000
hni corporation and subsidiaries condensed consolidated balance sheets
april 3, 2021 – 43,552 shares; january 2, 2021 – 42,919 shares																							43,552,000
january 2, 2021 - 42,919 shares; december 28, 2019 - 42,595 shares																								42,919,000
september 26, 2020 – 42,715 shares; december 28, 2019 – 42,595 shares																									42,715,000
hni corporation and subsidiaries condensed consolidated balance sheets
june 27, 2020 – 42,675 shares; december 28, 2019 – 42,595 shares																										42,675,000
march 28, 2020 – 42,647 shares; december 28, 2019 – 42,595 shares																											42,647,000
right-of-use operating / finance leases																												75,012,000	74,244,000	70,241,000	72,925,000
current lease obligations - operating / finance																												22,782,000	21,007,000	22,194,000	22,719,000
long-term lease obligations - operating / finance																												59,814,000	61,143,000	56,307,000	58,688,000
december 28, 2019 - 42,595 shares; december 29, 2018 - 43,582 shares																												42,595,000
september 28, 2019 – 42,824 shares; december 29, 2018 – 43,582 shares																													42,824,000
june 29, 2019 – 42,875 shares
december 29, 2018 – 43,582 shares																														42,875,000	43,339,000
march 30, 2019 – 43,339 shares
december 29, 2018 - 43,582 shares
december 30, 2017 - 43,354 shares																																43,582,000
september 29, 2018 – 43,820 shares
december 30, 2017 – 43,354 shares																																	43,820,000	43,736,000	43,530,000
june 30, 2018 – 43,736 shares;
march 31, 2018 – 43,530 shares;
december 30, 2017 - 43,354 shares;
december 31, 2016 - 44,079 shares																																				43,354,000
september 30, 2017 – 43,427 shares;
december 31, 2016 – 44,079 shares																																					43,427,000	44,056,000	44,240,000
july 1, 2017 – 44,056 shares;
current assets
property, plant, and equipment - sum																																							905,478,000	890,775,000					869,044,000		850,668,000			829,688,000	820,409,000	817,482,000			797,223,000	789,588,000	779,124,000		776,049,000
current liabilities
commitments and contingencies
equity
april 1, 2017 – 44,240 shares;
common stock - 1 par value, 200,000 shares, outstanding:
december 31, 2016 - 44,079;
january 2, 2016 - 44,158																																								44,079,000
preferred, 1 par value, authorized 2,000 shares, no shares outstanding
common, 1 par value, authorized 200,000 shares, outstanding:
october 1, 2016 – 44,537 shares;
january 2, 2016 – 44,158 shares																																									44,537,000
noncontrolling interest																																									341,000	342,000	344,000	345,000	345,000	348,000	349,000		345,000	18,000	-30,000	9,000		89,000	101,000	145,000	152,000	301,000	641,000	126,000	253,000	265,000	357,000	400,000	497,000	537,000	475,000	341,000	192,000		341,000
preferred, 1 par value, authorized 2,000,000 shares, no shares outstanding
common, 1 par value, authorized 200,000,000 shares, outstanding -																																																																					44,986,000			44,256,000	44,211,000	44,440,000			46,005,000	46,332,000	47,925,000
july 2, 2016 – 44,454,811 shares;
january 2, 2016 – 44,158,256 shares																																										44,455,000	44,375,000
deferred tax charges																																											332,000
note payable and current maturities of long-termdebt and capital lease obligations																																											105,293,000
april 2, 2016 – 44,375,427 shares;
liabilities and shareholders’ equity
note payable and current maturities of long-term debt and capital lease obligations																																												5,477,000	257,244,000	304,326,000	74,653,000	160,000	5,477,000	1,263,000	35,702,000	39,175,000	160,000	484,000	8,869,000	69,169,000	49,169,000	4,554,000	43,877,000	60,345,000	65,345,000	30,345,000	50,378,000	50,105,000	50,432,000	50,002,000	50,009,000	39,000	40,137,000	54,494,000	39,000	49,483,000	37,605,000	50,660,000	54,494,000	14,715,000	14,427,000	63,330,000	14,724,000	26,135,000
shareholders’ equity
preferred stock - 1 par value
authorized: 2,000
issued: none
common stock - 1 par value																																												44,158,000				44,166,000	44,158,000				44,166,000	44,982,000				44,951,000				44,855,000						45,093,000		44,324,000	45,093,000				44,324,000	44,835,000				47,906,000		51,849,000
authorized: 200,000
issued and outstanding: 2015 - 44,158; 2014 - 44,166
october 3, 2015 – 44,180,895 shares;
january 3, 2015 – 44,165,676 shares																																													44,181,000	44,350,000	44,485,000
july 4, 2015 – 44,350,077 shares;
april 4, 2015 – 44,485,316 shares;
capital lease obligations																																																		16,000	46,000	76,000		106,000	150,000	169,000	198,000	226,000	259,000	286,000	313,000	340,000	370,000	396,000	1,437,000				2,000	43,000		81,000	601,000	666,000	43,000	776,000	569,000	604,000	639,000	674,000	757,000	819,000
issued and outstanding: 2014 -44,166; 2013-44,982
september 27, 2014 – 44,394,795 shares;
december 28, 2013 – 44,981,865 shares																																																		44,395,000	44,951,000	45,100,000
june 28, 2014 – 44,951,350 shares;
march 29, 2014 – 45,099,819 shares;
issued and outstanding: 2013-44,982; 2012-44,951; 2011-44,855
september 28, 2013 – 45,252,902 shares;
december 29, 2012 – 44,950,703 shares																																																							45,253,000	45,389,000	45,458,000
june 29, 2013 – 45,388,995 shares;
march 30, 2013 – 45,457,740 shares;
issued and outstanding: 2012-44,951; 2011-44,855; 2010-44,841
september 29, 2012 – 45,148,538 shares;
december 31, 2011 – 44,855,207 shares																																																											45,149,000	45,330,000	45,533,000
property, plant, and equipment, at cost
june 30, 2012 – 45,329,791 shares;
property, plant, and equipment, at cost - sum																																																													772,552,000			747,572,000	745,874,000	775,116,000	781,176,000		826,663,000			838,488,000	824,047,000	824,078,000			813,130,000	862,453,000	859,985,000
march 31, 2012 – 45,532,925 shares;
issued and outstanding: 2011-44,855; 2010-44,841; 2009-45,093
october 1, 2011 – 44,825,933 shares;
january 1, 2011 – 44,840,701 shares																																																															44,826,000	44,781,000	44,731,000
july 2, 2011 – 44,780,796 shares;
april 2, 2011 – 44,730,691 shares;
july 3, 2010 – 45,040,418 shares;
january 2, 2010 – 45,093,504 shares																																																																		45,040,000	45,217,000
april 3, 2010 – 45,217,413 shares;
issued and outstanding: 2009-45,093; 2008-44,324; 2007-44,835
total parent company shareholders’ equity																																																																				419,284,000			419,284,000
parent company shareholders’ equity:
july 4, 2009 – 44,985,590 shares;
january 3, 2009 – 44,324,409 shares
total parent company shareholders' equity																																																																					426,701,000
minority interest in subsidiaries																																																																						158,000					158,000	1,000				500,000
issued and outstanding: 2008-44,324; 2007-44,835; 2006-47,906
total shareholders’ equity																																																																						448,833,000					448,833,000	458,908,000				495,919,000		593,944,000
total liabilities and shareholders’ equity																																																																						1,165,629,000					1,165,629,000	1,206,976,000				1,226,359,000		1,140,271,000
liabilities and shareholders' equity
minority interest in subsidiary																																																																								152,000	135,000	144,000			238,000	198,000	237,000		576,000	140,000
shareholders' equity
september 27, 2008 – 44,256,205 shares;
dec. 29, 2007 – 44,834,519 shares
total shareholders' equity																																																																								452,384,000	440,973,000	441,277,000			471,193,000	457,245,000	507,890,000		540,462,000
total liabilities and shareholders' equity																																																																								1,276,200,000	1,243,843,000	1,233,224,000			1,212,179,000	1,202,623,000	1,173,210,000		1,228,950,000
june 28, 2008 – 44,211,457 shares;
mar. 29, 2008 – 44,439,553 shares;
issued and outstanding: 2007-44,835; 2006-47,906; 2005-51,849
sep. 29, 2007 – 46,004,806 shares;
dec. 30, 2006 – 47,905,351 shares
paid-in capital																																																																													3,398,000	3,159,000	3,642,000
june 30, 2007 – 46,331,932 shares;
mar. 31, 2007 - 47,925,055 shares;
dec. 30, 2006 - 47,905,351 shares
issued and outstanding: 2006-47,906; 2005-51,849; 2004-55,303
cash and cash equivalents short-term investments receivables inventories (note c) deferred income taxes prepaid expenses and other current assets																																																																																	26,934,000
land and land improvements buildings machinery and equipment construction in progress																																																																																	27,165,000
accounts payable and accrued expenses income taxes note payable and current maturities of long-term debt current maturities of other long-term obligations																																																																																	312,682,000
capital stock: preferred, 1 par value, authorized 2,000,000 shares, no shares outstanding
common, 1 par value, authorized 200,000,000 shares, outstanding - 2006 - 50,091,315 shares; 2005 - 51,848,591 shares																																																																																	50,091,000
paid-in capital retained earnings accumulated other comprehensive income																																																																																	2,296,000
income taxes																																																																																		1,270,000
note payable and current maturities of long-term debt																																																																																		40,350,000
issued and outstanding: 2005-51,849; 2004-55,303; 2003-58,239

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-04-04	2026-01-03	2025-09-27	2025-06-28	2025-03-29	2024-12-28	2024-09-28	2024-06-29	2024-03-30	2023-12-30	2023-09-30	2023-07-01	2023-04-01	2022-12-31	2022-10-01	2022-07-02	2022-04-02	2022-01-01	2021-10-02	2021-07-03	2021-04-03	2021-01-01	2020-09-26	2020-06-27	2020-03-28	2019-12-28	2019-09-28	2019-06-29	2019-03-30	2018-12-29	2018-09-29	2018-06-30	2018-03-31	2017-12-30	2017-09-30	2017-07-01	2017-04-01	2016-12-31	2016-10-01	2016-07-02	2016-04-02	2016-01-02	2015-10-03	2015-07-04	2015-04-04	2015-01-02	2014-09-27	2014-06-28	2014-03-29	2013-12-28	2013-09-28	2013-06-29	2013-03-30	2012-12-29	2012-09-29	2012-06-30	2012-03-31	2011-12-31	2011-10-01	2011-07-02	2011-04-02	2010-07-03	2010-04-03	2010-01-02	2009-10-03	2009-07-04	2009-04-04	2009-01-02	2008-09-27	2008-06-28	2008-03-29	2007-12-29	2007-09-29	2007-06-30	2007-03-31	2006-12-30	2006-09-30	2006-07-01	2006-04-01

net cash flows from (to) operating activities:
net income	-38,800,000	-49,200,000	41,200,000	48,300,000	13,900,000	38,300,000	47,500,000	36,000,000	17,700,000	22,700,000	37,800,000	-12,900,000	1,600,000	16,300,000	63,100,000	30,323,000	14,177,000	8,222,000	19,159,000	17,412,000	15,018,000	40,465,000	30,687,000	12,555,000	-23,896,000	47,595,000	46,077,000	15,811,000	1,020,000	32,362,000	39,907,000	18,596,000	2,461,000	33,930,000	37,331,000	13,856,000	4,781,000	10,957,000	33,812,000	29,027,000	11,842,000	32,231,000	40,846,000	23,877,000	8,452,000	51,229,000	33,496,000	9,665,000	11,016,000	22,742,000	28,049,000	11,399,000	1,179,000	17,377,000	24,204,000	6,898,000	-153,000	18,026,000	24,916,000	4,603,000	-1,797,000	4,765,000	-5,853,000	-10,709,000	17,733,000	-1,397,000	-11,886,000	-43,194,000	19,489,000	13,469,000	3,977,000	37,513,000	35,307,000	26,877,000	20,681,000	30,491,000
non-cash items included in net income:
depreciation and amortization	75,200,000	31,700,000	24,900,000	25,000,000	25,500,000	27,700,000	27,300,000	26,400,000	26,400,000	26,600,000	25,600,000	22,600,000	20,100,000	20,700,000	21,100,000	21,302,000	21,098,000	21,136,000	20,871,000	20,676,000	20,463,000	25,229,000	19,312,000	19,118,000	19,487,000	19,589,000	19,388,000	19,410,000	19,040,000	18,901,000	18,607,000	18,835,000	18,445,000	18,348,000	18,060,000	17,625,000	18,839,000	20,039,000	17,277,000	16,380,000	15,251,000	15,265,000	14,504,000	13,935,000	13,860,000	15,800,000	14,812,000	14,928,000	12,024,000	12,051,000	11,732,000	11,749,000	11,089,000	11,256,000	10,746,000	10,537,000	10,821,000	11,152,000	11,373,000	11,614,000	12,148,000	15,045,000	16,060,000	19,152,000	17,933,000	18,542,000	19,240,000	22,460,000	17,841,000	17,545,000	17,021,000	17,377,000	17,066,000	16,548,000	17,182,000	17,459,000
other post-retirement and post-employment benefits	900,000	1,100,000	300,000	200,000	300,000	300,000	300,000	200,000	300,000	300,000	300,000	200,000	300,000	300,000	300,000	370,000	330,000	332,000	332,000	332,000	332,000	224,000	368,000	372,000	364,000	369,000	368,000	369,000	369,000	442,000	442,000	436,000	447,000	398,000	398,000	398,000	398,000
stock-based compensation	18,100,000	11,400,000	3,200,000	3,300,000	6,800,000	3,700,000	2,000,000	4,000,000	7,700,000	5,200,000	3,700,000	3,100,000	4,500,000	2,600,000	-2,100,000	2,862,000	5,638,000	3,341,000	1,752,000	2,568,000	5,220,000	6,135,000	1,087,000	1,301,000	4,358,000	1,422,000	1,336,000	1,621,000	2,451,000	1,102,000	1,307,000	1,196,000	3,712,000	991,000	956,000	1,132,000	4,671,000	741,000	959,000	1,101,000	5,340,000	1,144,000	1,691,000	2,777,000	3,485,000	2,218,000	2,127,000	2,119,000	2,633,000	2,011,000	1,576,000	1,598,000	2,266,000	1,398,000	1,432,000	1,447,000	2,160,000	1,961,000	1,812,000	1,817,000	1,581,000	1,572,000	1,509,000	961,000	1,010,000	1,150,000	709,000	2,457,000	421,000	667,000	285,000	819,000	875,000	892,000	1,017,000
deferred income taxes	9,400,000	7,800,000	33,200,000	-5,300,000	-2,000,000	-2,400,000	-4,100,000	-5,500,000	-2,100,000	5,400,000	3,500,000	-8,900,000	-600,000	-4,900,000	3,000,000	-12,243,000	-1,157,000	1,685,000	-627,000	-2,506,000	1,076,000	3,358,000	-4,822,000	-11,166,000	12,258,000	1,952,000	3,438,000	241,000	1,119,000	464,000	1,971,000	1,958,000	-1,196,000		8,002,000	-520,000	646,000	6,124,000	7,929,000	3,731,000	2,711,000	6,846,000	4,974,000	1,353,000	2,084,000	12,275,000	1,432,000	-3,456,000	5,006,000	2,398,000	10,380,000	3,742,000	1,931,000	772,000	4,616,000	269,000	1,403,000	4,988,000	3,323,000	3,333,000	756,000	-1,882,000	-68,000	-10,041,000	2,890,000	-405,000	1,712,000	-7,040,000	817,000	220,000	159,000	2,776,000	2,633,000	-2,812,000	-7,532,000
asset impairment charges	9,500,000				5,900,000
inventory step-up	31,300,000
other – net	-600,000	9,400,000	2,100,000	2,500,000	300,000	1,300,000	1,900,000	1,700,000	600,000	-100,000	2,900,000	1,700,000	600,000	3,100,000	-1,000,000	1,482,000	-882,000	1,407,000	-571,000	1,896,000	1,315,000	3,232,000	1,099,000	1,968,000	-2,252,000	729,000	54,000	1,106,000	1,704,000	-1,464,000	2,256,000	1,042,000	-699,000	3,159,000	678,000	-437,000	-1,890,000	3,543,000	-4,941,000	4,332,000	1,589,000		-2,251,000	-393,000	2,405,000		-197,000	1,583,000	-328,000	1,087,000	379,000	1,032,000	1,921,000	1,051,000	-102,000	587,000	1,021,000	1,683,000	-1,198,000	-128,000	492,000	420,000	-128,000	1,447,000	625,000	767,000	-501,000	386,000	750,000	365,000	837,000	-1,371,000	-545,000
net change in cash from operating assets and liabilities:
receivables	19,200,000
inventories	-15,600,000
prepaid expenses and other	-60,700,000
accounts payable and accrued expenses	-184,800,000
income taxes payable	-2,400,000
increase in other liabilities	-32,400,000		800,000					2,100,000	-7,200,000		-9,400,000	1,300,000	1,400,000	-4,200,000	0	209,000	-3,709,000	-9,455,000	5,620,000	146,000	3,159,000	1,249,000	-760,000	-707,000	-312,000		-1,926,000	-3,044,000	-4,832,000	1,387,000	916,000	-514,000	447,000		-6,991,000	-69,000	-2,339,000		-330,000	-2,808,000	-3,189,000	81,000	-867,000	1,212,000	2,155,000	-100,000	2,326,000	338,000	17,000	378,000	1,463,000	2,541,000	1,847,000	-2,128,000	-1,195,000	3,089,000	831,000	-2,437,000	1,275,000	704,000	2,684,000	-365,000	-442,000				-4,719,000
net cash flows from (to) operating activities	-171,800,000	77,400,000	155,200,000	31,100,000	12,600,000	51,200,000	128,500,000	51,300,000	-4,300,000			22,500,000	17,300,000	47,300,000	59,100,000	13,750,000	-38,950,000	43,098,000	51,251,000	35,599,000	1,684,000	-11,729,000	115,541,000	61,126,000	-33,306,000	103,758,000	102,855,000	41,041,000	-28,274,000	71,393,000	85,559,000	60,231,000	-30,753,000	75,805,000	84,646,000	4,707,000	-32,009,000	109,655,000	81,883,000	52,054,000	-20,230,000	114,950,000	90,306,000	17,413,000	-49,317,000	98,545,000	81,799,000	29,073,000	-36,065,000	77,033,000	100,511,000	17,479,000	-30,021,000	63,941,000	75,152,000	33,382,000	-27,698,000	67,306,000	75,331,000	13,624,000	-21,983,000	26,943,000	-25,402,000	57,284,000	86,475,000	43,817,000	5,629,000	88,607,000	44,403,000	58,221,000	1,974,000	112,928,000	82,588,000	54,826,000	40,845,000	88,453,000
net cash flows from (to) investing activities:
capital expenditures	-34,000,000	-16,200,000	-19,300,000	-14,600,000	-15,700,000	-9,400,000	-13,900,000	-16,600,000	-10,700,000	-16,200,000	-24,200,000	-17,800,000	-19,900,000	-18,300,000	-13,800,000	-12,802,000	-15,098,000	-15,281,000	-11,967,000	-10,018,000	-16,197,000	-28,712,000	-9,012,000	-7,251,000	-8,488,000		-11,434,000	-17,084,000	-17,575,000		-13,200,000	-14,304,000	-12,383,000		-35,412,000	-26,658,000	-25,072,000		-20,374,000	-21,152,000	-21,270,000		-24,297,000	-13,647,000	-20,085,000		-16,491,000	-18,401,000	-16,309,000		-16,228,000	-17,996,000	-12,556,000		-11,665,000	-7,113,000	-8,519,000		-5,197,000	-7,554,000	-4,186,000	-7,594,000	-4,706,000	-6,302,000	-2,757,000	-2,932,000	-4,026,000	37,647,000	-17,725,000	-18,315,000	-17,624,000	-16,869,000	-12,551,000	-15,823,000	-13,325,000
capitalized software	-1,700,000	-700,000	-400,000	-300,000	-600,000	-300,000	-600,000	-900,000	-500,000	-100,000	2,500,000	-3,200,000	-200,000	-1,400,000	-1,700,000	-2,162,000	-3,138,000	-3,472,000	-3,535,000	-3,311,000	-2,767,000	-5,835,000	-2,213,000	-366,000	-4,671,000		-1,150,000	-1,427,000	-1,521,000		-1,455,000	-1,689,000	-3,948,000		-4,391,000	-4,654,000	-7,704,000		-6,269,000	-7,247,000	-6,187,000		-7,394,000	-8,012,000	-8,138,000		-14,135,000	-10,028,000	-6,384,000		-4,055,000	-5,266,000	-3,488,000		-7,928,000	-5,136,000	-4,298,000		-425,000	-2,420,000	-412,000	-35,000	-93,000	-378,000	-364,000	-205,000	-590,000	-611,000				-298,000
purchase of investments	-2,700,000	-700,000	-600,000	-1,400,000	-100,000	-100,000	-1,200,000	-1,300,000	-600,000	-1,900,000	-700,000	-1,500,000	-1,600,000	-500,000	-500,000	-829,000	-971,000	-138,000	-898,000	-1,777,000	-598,000	511,000	-2,291,000	-175,000	-1,456,000		-3,681,000				-1,142,000	-724,000	-605,000		-834,000	-501,000	-1,539,000		-3,849,000	-3,917,000	-958,000		-2,063,000				-500,000	-499,000	-299,000		0	0	-1,106,000
sales or maturities of investments	1,400,000	1,600,000	900,000	1,600,000	700,000	200,000	1,100,000	2,200,000	1,200,000	1,400,000	1,000,000	1,500,000	1,500,000	400,000	400,000	796,000	704,000	131,000	771,000	1,878,000	515,000	49,000	2,203,000	47,000	996,000	956,000	2,087,000	1,352,000	450,000	725,000	1,018,000	707,000	650,000	519,000	741,000	326,000	1,611,000	38,000	3,823,000	3,858,000	900,000	800,000	1,200,000			-1,720,000	500,000	3,670,000	1,100,000	2,503,000	300,000	1,350,000	900,000	800,000
investment in unconsolidated affiliate purchases	-45,700,000
investment in unconsolidated affiliate proceeds	8,000,000
proceeds from sale of property, plant, and equipment	1,600,000		0	0	3,500,000														42,000	103,000	48,000		12,000	20,000	49,000		88,000	91,000	68,000			91,000	18,353,000
net cash flows from (to) investing activities	-73,100,000	-405,800,000	-19,700,000	-6,200,000	-12,200,000	-9,300,000	-14,800,000	-16,300,000	-10,600,000	-17,200,000	-16,800,000	-390,800,000	-20,000,000	-23,900,000	56,000,000	-22,643,000	-20,157,000	-61,765,000	-15,588,000	-13,246,000	-20,407,000	-67,553,000	-11,301,000	-9,261,000	-22,891,000		-13,788,000	-17,502,000	-18,578,000		-13,388,000	-15,577,000	2,861,000		-32,805,000	-30,905,000	-31,118,000		-25,685,000	-28,111,000	-60,926,000		-31,895,000	-20,835,000	-28,171,000		-30,590,000	-23,681,000	-9,881,000		-19,894,000	-21,747,000	-16,797,000		-45,990,000	-12,452,000	-13,265,000		-9,677,000	-9,656,000	-6,449,000	-7,617,000	-4,774,000	-4,276,000	81,000	18,528,000	-1,052,000	140,364,000	-18,712,000	-92,669,000	-15,702,000	-55,210,000	-4,540,000	-16,880,000	-15,392,000
net cash flows from (to) financing activities:
payments of debt	-37,400,000	-405,100,000	-184,400,000	-124,800,000	-68,200,000	-66,600,000	-151,600,000	-120,900,000	-81,500,000	-131,700,000	-142,600,000	-83,900,000	-77,800,000	-103,100,000	-139,200,000	-58,762,000	-100,538,000
proceeds from debt	188,000,000	939,600,000	64,100,000	163,900,000	129,100,000	65,800,000	33,800,000	110,000,000	118,600,000	58,700,000	53,000,000	475,200,000	97,100,000	92,300,000	29,800,000	125,978,000	165,822,000
dividends paid	-26,600,000	-15,600,000	-15,600,000	-15,700,000	-16,200,000	-15,700,000	-15,800,000	-15,500,000	-16,600,000	-15,000,000	-14,900,000	-14,900,000	-13,700,000	-13,300,000	-13,200,000	-13,341,000	-13,359,000	-13,331,000	-13,578,000	-13,607,000	-13,234,000	-14,690,000	-13,020,000	-13,007,000	-13,033,000		-13,089,000	-13,203,000	-12,872,000		-12,933,000	-12,887,000	-12,381,000		-12,448,000	-12,595,000	-12,132,000		-12,276,000	-12,225,000	-11,759,000		-11,736,000	-11,776,000	-11,117,000		-11,167,000	-11,254,000	-10,787,000		-10,887,000	-10,903,000	-10,866,000		-10,852,000	-10,914,000	-10,467,000		-10,302,000	-10,290,000	-10,348,000	-9,729,000	-9,745,000	-9,689,000	-9,675,000	-9,654,000	-9,649,000	-10,088,000	-9,506,000	-9,492,000	-9,581,000	-8,885,000	-9,050,000	-9,097,000	-9,376,000
purchase of hni corporation common stock		0	-3,800,000	-39,400,000	-40,400,000	-41,000,000	-11,400,000	-10,800,000	-2,600,000					0	0	-40,042,000	-25,158,000	-40,706,000	-11,918,000			-52,403,000	0	-925,000	-5,839,000		-7,749,000	-33,488,000	-23,869,000		-6,923,000	-1,775,000	-7,345,000		-30,233,000	-11,351,000	-11,266,000		-21,661,000	-7,053,000	-1,692,000		-9,576,000	-9,909,000	-5,294,000		-22,278,000	-8,378,000	-4,673,000		-6,110,000	-5,861,000	-1,850,000		-7,198,000				0	0	-10,000,000	-7,006,000	-3,291,000						0	-6,477,000	-22,076,000	-45,630,000	-17,045,000	-71,881,000	-13,119,000
proceeds from sales of hni corporation common stock	700,000	500,000	1,500,000	1,000,000	800,000	5,800,000	44,200,000	600,000	600,000	500,000	600,000	600,000	600,000	700,000	600,000	651,000	2,749,000	1,191,000	624,000	16,290,000	13,030,000	28,925,000	916,000	572,000	722,000	8,135,000	3,432,000	13,493,000	5,413,000	3,710,000	7,141,000	5,991,000	2,764,000	2,200,000	3,711,000	6,515,000	1,798,000		15,470,000	4,396,000	1,005,000		1,091,000	1,503,000	8,954,000		1,127,000	1,484,000	1,659,000		747,000	1,853,000	4,587,000		1,969,000	624,000	2,017,000		573,000	587,000	1,447,000	1,043,000	608,000		926,000				924,000	925,000	1,402,000		2,940,000	1,495,000	3,961,000
withholding related to net share settlements of equity based awards	-18,000,000																														0	0	-155,000		0	0	-209,000
net cash flows from (to) financing activities	107,300,000	525,700,000	-146,800,000	-14,700,000	-1,100,000	-53,700,000	-107,700,000	-33,700,000	12,900,000	-83,300,000	-105,200,000	375,200,000	2,100,000	-27,100,000	-119,800,000	11,180,000	30,320,000	-55,499,000	-27,725,000	1,864,000	-3,116,000	-41,880,000	-21,059,000	-61,074,000	39,537,000		-64,836,000	-42,629,000	17,905,000		-59,498,000	-42,402,000	33,357,000		-56,573,000	24,218,000	55,943,000		-53,304,000	-38,068,000	91,174,000		-67,233,000	11,391,000	68,813,000		-50,809,000	-21,798,000	26,600,000		-77,477,000	7,109,000	35,946,000		-34,955,000	-22,391,000	24,670,000		-10,883,000	-9,568,000	-18,301,000	-18,044,000	-14,157,000	-11,602,000	-60,213,000	-64,850,000	-21,985,000	-174,482,000	-21,491,000	27,166,000	10,157,000	-51,180,000	-74,694,000	-38,518,000	-28,969,000	-81,508,000
net decrease in cash and cash equivalents including cash classified within current assets held for sale	-137,600,000				-800,000
less: net increase in cash classified within current assets held for sale					600,000
net increase in cash and cash equivalents	-137,600,000	197,200,000	-11,300,000			-11,700,000	6,000,000			4,600,000	600,000			-3,600,000	1,500,000			-74,166,000	7,938,000	24,217,000	-21,839,000	-121,162,000	83,181,000	-9,209,000	-16,660,000		24,231,000	-19,090,000	-28,947,000	33,081,000	12,673,000	2,252,000	5,465,000		-4,732,000	-1,980,000	-7,184,000	8,977,000	2,894,000	-14,125,000	10,018,000		-8,822,000	7,969,000	-8,675,000		400,000	-16,406,000	-19,346,000	28,139,000	3,140,000	2,841,000	-10,872,000		-5,793,000	-1,461,000	-16,293,000		54,771,000	-5,600,000	-46,733,000	1,282,000	-44,333,000	41,406,000	26,343,000	-2,505,000	-17,408,000	54,489,000	4,200,000	-7,282,000	-3,571,000	6,538,000	3,354,000	-572,000	-3,516,000
cash, cash equivalents, and restricted cash at beginning of period	217,900,000
cash, cash equivalents, and restricted cash at end of period	80,300,000
loss on sale of subsidiary		0	200,000
net increase in cash from operating assets and liabilities						-14,000,000	56,100,000			13,500,000	58,200,000							4,438,000	-1,168,000
decrease in other liabilities					-100,000	-3,600,000
acquisition spending, net of cash acquired										0	100,000			-2,200,000	100,000	-7,646,000	-1,654,000	-43,022,000	-1,000	-121,000	-1,408,000	-33,695,000	0	-1,536,000	-9,321,000														497,000	0	-34,064,000																							0	0			74,979,000	-149,000			-37,430,000	-2,757,000	-727,000	-782,000
net proceeds from sale of subsidiary		0	-400,000
debt-issuance costs
proceeds from coli
net decrease in cash from operating assets and liabilities			49,300,000	-45,100,000	-38,000,000				-47,600,000				-10,500,000		18,900,000	-37,427,000	-80,773,000
cash and cash equivalents at beginning of period			0	0	22,500,000	0	0	0	28,900,000	0	0	0	17,400,000	0	0	30,000	52,270,000	0	0	0	116,120,000	64,047,000	0	0	52,073,000	0	0	0	76,819,000		0	0	23,348,000		0	0	36,312,000		0	0	28,548,000		0	0	34,144,000		0	0	65,030,000		0	0	41,782,000		0	0	72,812,000		0	0	99,096,000	0	87,374,000		0	0	39,538,000		0	0	33,881,000		0	0	28,077,000
cash and cash equivalents at end of period			-11,300,000	10,900,000	21,100,000	-11,800,000	6,100,000	1,200,000	27,000,000	4,500,000	600,000	7,000,000	16,800,000	-3,700,000	1,500,000	-3,883,000	23,483,000	-74,166,000	7,938,000	24,217,000	94,281,000	-57,115,000	83,181,000	-9,209,000	35,413,000	-940,000	24,231,000	-19,090,000	47,872,000		12,673,000	2,252,000	28,813,000		-4,732,000	-1,980,000	29,128,000		2,894,000	-14,125,000	38,566,000		-8,822,000	7,969,000	25,469,000		400,000	-16,406,000	45,684,000		3,140,000	2,841,000	30,910,000		-5,793,000	-1,461,000	56,519,000		54,771,000	-5,600,000	52,363,000	1,282,000	43,041,000		26,343,000	-2,505,000	22,130,000		4,200,000	-7,282,000	30,310,000		3,354,000	-572,000	24,561,000		7,217,000	-25,964,000	52,898,000
net decrease in cash and cash equivalents					-1,400,000				-2,000,000				-600,000				-28,787,000
gain on sale of subsidiary														200,000
restructuring and impairment charges
net cash flows from operating activities
proceeds from sale of subsidiary, net of cash divested
net increase in cash and cash equivalents including cash classified within current assets held for sale
systems and storage													182,300,000
seating													93,500,000
other													23,900,000
total workplace furnishings													299,600,000
residential building products													179,400,000
net sales													479,100,000
reduction in carrying amount of right-of-use assets															6,500,000	6,872,000	6,328,000	6,242,000	5,883,000	6,544,000	6,537,000	8,241,000	5,623,000	5,743,000	5,599,000
impairment of goodwill and intangible assets																						-26,911,000	0	0	32,661,000
payments of long-term debt																			-1,162,000	-530,000	-118,000		-9,000,000	-58,828,000	-15,000,000		-84,767,000	-39,666,000	-606,000
proceeds from long-term debt																			550,000	3,238,000	547,000		-10,000	12,000,000	70,129,000	25,260,000	39,098,000	29,780,000	46,897,000	320,000	10,476,000	157,232,000	155,047,000	52,149,000	48,298,000	92,559,000	146,331,000														28,222,000	51,200,000	78,153,000	43,844,000	25,000,000	20,000,000	60,000,000	0	455,000					0	20,000,000	17,000,000	60,000,000	-209,000,000	92,000,000	97,000,000	117,000,000	114,934,000	33,099,000	72,054,000	69,416,000	17,626,000
net increase in operating assets and liabilities																					-51,436,000														31,968,000	-27,165,000	-57,899,000		27,367,000	290,000	-54,239,000		30,761,000	-25,680,000	-80,938,000		27,536,000	-4,083,000	-64,354,000		46,430,000	-16,847,000	-54,237,000		34,817,000	10,021,000	-45,229,000		33,415,000	-8,893,000	-43,307,000	4,288,000	-43,121,000		47,932,000	24,768,000	-6,085,000
net increase in operating assets and liabilities, net of divestitures																							62,947,000	31,942,000	-81,573,000			-1,243,000	-55,038,000		20,475,000	18,127,000	-55,135,000
operating / finance lease interest and amortization																										5,684,000	5,635,000	6,058,000	5,559,000
loss on sale and retirement of long-lived assets																										405,000	563,000	712,000	334,000				808,000
proceeds from sale and license of property, plant, and equipment, and intangibles
net decrease in operating assets and liabilities, net of divestitures
excess tax benefits from stock-based compensation
loss on sale, retirement, license, and impairment of long-lived assets and intangibles																														14,981,000
amortization of deferred gain on sale leaseback transaction																															-117,000	-125,000	-43,000
net increase in operating assets and liabilities, net of acquisitions and divestitures
proceeds from sale and license of property, plant, equipment, and intangibles																														1,081,000				363,000
payments of note and long-term debt and other financing																																			-65,901,000	-50,910,000	-68,579,000		-73,076,000	-256,870,000	-169,540,000		-100,091,000	-185,900,000	-55,567,000		-79,124,000	-44,035,000	-19,752,000		-89,495,000	-29,405,000	-34,368,000		-43,874,000	-25,924,000	-25,057,000		-1,678,000	-4,865,000	570,000	-52,352,000	-1,729,000	-2,623,000	-71,464,000	-73,461,000	-72,336,000	16,414,000	-104,909,000	-54,790,000	-76,599,000	-112,903,000	-84,800,000	-31,141,000	-80,453,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
payments of long-term debt and other financing																															-57,259,000	-190,963,000	-104,573,000
loss on sale, retirement, and impairment of long-lived assets
excess tax benefits from stock compensation																																						4,510,000	-1,312,000	-479,000	-6,000	3,162,000	-29,000	-239,000	-1,313,000	1,779,000	-54,000	-132,000	-12,000	4,371,000	-46,000	-226,000	-1,888,000	8,312,000	0	-10,000	-4,146,000	198,000	-69,000	0	-30,000							3,000	0	0	-11,000	8,000	-162,000	-52,000	-602,000	-1,607,000
loss on sale, retirement, and license of long-lived assets and intangibles
noncash items included in net income:
loss on sale and retirement of long-lived assets and intangibles
loss on sale, retirement and impairment of long-lived assets and intangibles																																					784,000	28,027,000	711,000	70,000	60,000		166,000	107,000	76,000		11,000	7,801,000	-8,382,000		250,000	16,000	104,000		214,000	125,000	310,000		69,000	159,000	169,000	2,677,000	818,000						-785,000	1,512,000	619,000		-4,411,000	1,466,000	918,000
proceeds from sale of property, plant and equipment																																					76,000	68,000	488,000	348,000	151,000	1,418,000	659,000	72,000	52,000	-11,428,000	41,000	1,577,000	12,011,000	136,000	89,000	165,000	31,000	586,000	90,000	301,000	205,000	558,000	2,102,000	186,000	409,000	342,000	1,327,000	164,000	4,631,000	1,639,000	299,000	5,724,000	371,000	360,000	278,000	188,000	11,652,000	76,000	229,000
proceeds from sale of hni corporation common stock
proceeds from note and long-term debt																																						68,700,000	36,927,000	233,205,000	273,154,000	47,470,000	53,050,000	217,405,000	130,524,000	287,397,000	60,579,000	40,332,000	60,141,000
other post retirement and post employment benefits
withholdings related to net share settlements of equity based awards																																											0				0				0	-1,000	-1,598,000		0	-26,000	-5,969,000
other postretirement and post employment benefits																																								410,000	411,000		511,000	464,000	417,000		310,000	310,000	310,000		298,000	298,000	415,000		420,000	419,000	420,000		415,000	415,000	415,000	423,000	423,000		462,000	462,000	462,000		378,000	377,000	377,000		533,000	533,000	533,000
other postretirement and post-employment benefits
net loss on sale of long-lived assets
loss on impairment of intangibles
loss on sale of business																																																		0	0
changes in working capital, excluding acquisition and disposition:
prepaid expenses and other current assets
income taxes
stock issued to retirement plan																																															0	0	6,005,000	0	0	0	5,352,000	0	0	0	4,864,000	0	0	0	4,906,000	0	5,400,000	0	0	0	6,565,000	-27,000	0	0	6,592,000	0	0	0	6,611,000	0
net (gain) loss on sale of long-lived assets
net loss on sales, retirements and impairments of long-lived assets and intangibles
supplemental disclosures of cash flow information:
cash paid during the year for:
interest
purchase of long-term investments																																																								-1,753,000	-1,438,000		-8,200,000	-1,920,000	-4,435,000	-2,000,000	-2,805,000	0	-6,900,000	-2,525,000	-285,000	821,000	-2,433,000	-7,717,000	-381,000	-3,910,000	-3,230,000	-3,385,000	-13,902,000
sales or maturities of long-term investments																																																								1,357,000	900,000	623,000	2,055,000	2,095,000	1,707,000	1,670,000	900,000	2,200,000	5,071,000	23,051,000	3,550,000	21,114,000	2,150,000	8,333,000	2,275,000	3,109,000	2,200,000	2,979,000	12,288,000	2,150,000
other - net																																																																											696,000	-2,927,000
see accompanying notes to condensed consolidated financial statements.
increase (decrease) in other liabilities																																																																					326,000	-465,000	-2,398,000	1,656,000	1,120,000	-472,000	-1,469,000
short-term investments – net																																																																					0	0	-250,000
(gain)/loss on sale, retirement and impairment of long-lived assets and intangibles																																																																			132,000
net income on sales, retirements and impairments of long-lived assets and intangibles
net increase in non-cash operating assets and liabilities																																																																					5,166,000	24,531,000	-25,484,000		30,172,000	11,788,000	2,810,000
short-term investments - net																																																																												0
loss on sales, retirements and impairments of long-lived assets and intangibles
loss on sale, retirement and impairment of property, plant and equipment
proceeds from sale of property, plant and equip.
net cash flows from (to) operating activities: net income noncash items included in net income: depreciation and amortization other postretirement and post employment benefits excess tax benefits from stock compensation deferred income taxes loss on sale, retirement and impairment of property, plant and equipment stock issued to retirement plan other - net net increase in non-cash operating assets and liabilities increase in other liabilities net cash flows from (to) operating activities
net cash flows from (to) investing activities: capital expenditures proceeds from sale of property, plant and equip. capitalized software acquisition spending, net of cash acquired short-term investments - net purchase of long-term investments sales or maturities of long-term investments other-net net cash flows from (to) investing activities
net cash flows from (to) financing activities: proceeds from sales of hni corporation common stock purchase of hni corporation common stock excess tax benefits from stock compensation proceeds from long-term debt payments of note and long-term debt and other financing dividends paid net cash flows from (to) financing activities
net increase in cash and cash equivalents cash and cash equivalents at beginning of period
net cash flows from (to) operating activities: net income noncash items included in net income: depreciation and amortization other postretirement and post employment benefits excess tax benefits from stock compensation deferred income taxes loss on sales, retirements and impairments of property, plant and equipment stock issued to retirement plan other - net net increase in non-cash operating assets and liabilities increase in other liabilities net cash flows from (to) operating activities																																																																															28,470,000
net cash flows from (to) investing activities: capital expenditures proceeds from sale of property, plant and equipment capitalized software acquisition spending, net of cash acquired short-term investments - net purchase of long-term investments sales or maturities of long-term investments other - net net cash flows from (to) investing activities																																																																															-14,243,000
net cash flows from (to) financing activities: proceeds from sales of hni corporation common stock purchase of hni corporation common stock excess tax benefits from stock compensation proceeds from long-term debt payments of note and long-term debt dividends paid net cash flows from (to) financing activities																																																																															1,491,000
loss on sales, retirements and impairments of property, plant and equipment
other — net
additional purchase consideration
short-term investments — net

HNI Corporation(NYSE:HNI)

HNI Corporation
(NYSE:HNI)