HNI (HNI) 10-Q 3 May 16 2016 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	3 Months Ended
	Apr. 02, 2016shares
Document and Entity Information [Abstract]
Entity Registrant Name	HNI CORP
Entity Central Index Key	48,287
Document Type	10-Q
Document Period End Date	Apr. 2, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	45,375,427

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 38,566	$ 28,548
Short-term investments	4,952	4,252
Receivables	218,179	243,409
Inventories	147,928	125,228
Prepaid expenses and other current assets	33,870	36,933
Total Current Assets	443,495	438,370
PROPERTY, PLANT, AND EQUIPMENT
Land and land improvements	29,240	28,801
Buildings	303,644	298,516
Machinery and equipment	530,572	515,131
Construction in progress	24,720	31,986
Property plant and equipment, at cost	888,176	874,434
Less accumulated depreciation	540,867	533,275
Net Property, Plant, and Equipment	347,309	341,159
GOODWILL	294,262	277,650
DEFERRED TAX CHARGES	332	0
OTHER ASSETS	226,054	206,746
Total Assets	1,311,452	1,263,925
CURRENT LIABILITIES
Accounts payable and accrued expenses	349,841	424,405
Note payable and current maturities of long-term debt and capital lease obligations	105,293	5,477
Current maturities of other long-term obligations	4,073	6,018
Total Current Liabilities	459,207	435,900
LONG-TERM DEBT	195,000	185,000
OTHER LONG-TERM LIABILITIES	77,315	76,792
DEFERRED INCOME TAXES	$ 91,365	$ 88,934
COMMITMENTS AND CONTINGENCIES
Capital Stock:
Preferred, $1 par value, authorized 2,000,000 shares, no shares outstanding	$ 0	$ 0
Common, $1 par value, authorized 200,000,000 shares, outstanding - April 2, 2016 - 44,375,427 shares; January 2, 2016 – 44,158,256 shares	44,375	44,158
Additional paid-in capital	15,689	4,407
Retained earnings	433,659	433,575
Accumulated other comprehensive income(loss)	(5,502)	(5,186)
Total HNI Corporation shareholders' equity	488,221	476,954
Noncontrolling interest	344	345
Total Equity	488,565	477,299
Total Liabilities and Equity	$ 1,311,452	$ 1,263,925

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Apr. 02, 2016	Jan. 02, 2016
Statement of Financial Position [Abstract]
Preferred Stock, Par Value (in dollars per share)	$ 1	$ 1
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value (in dollars per share)	$ 1	$ 1
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Outstanding	44,375,427	44,158,256

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Income Statement [Abstract]
Net sales	$ 501,037	$ 523,477
Cost of sales	315,326	338,977
Gross profit	185,711	184,500
Selling and administrative expenses	165,106	168,704
Restructuring charges	1,086	377
Operating income	19,519	15,419
Interest income	78	90
Interest expense	1,874	1,989
Income before income taxes	17,723	13,520
Income taxes	5,881	5,068
Net income	11,842	8,452
Less: Net loss attributable to the noncontrolling interest	(1)	(26)
Net income attributable to HNI Corporation	$ 11,843	$ 8,478
Net income attributable to HNI Corporation per common share – basic (in dollars per share)	$ 0.27	$ 0.19
Average number of common shares outstanding – basic	44,258,357	44,303,788
Net income attributable to HNI Corporation per common share – diluted (in dollars per share)	$ 0.26	$ 0.19
Average number of common shares outstanding – diluted	45,039,918	45,523,785
Cash dividends per common share (in dollars per share)	$ 0.265	$ 0.25
Other comprehensive income/(loss), net of tax: three months 2016 $(332); 2015 $134	$ (316)	$ 319
Comprehensive income	11,526	8,771
Less: Comprehensive (loss) attributable to noncontrolling interest	(1)	(26)
Comprehensive income attributable to HNI Corporation	$ 11,527	$ 8,797

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Income Statement [Abstract]
Other comprehensive income, tax	$ (332)	$ 134

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss)/Income [Member]	Noncontrolling Interest [Member]
Beginning balance at Jan. 03, 2015	$ 414,501	$ 44,166	$ 867	$ 374,929	$ (5,375)	$ (86)
Comprehensive income:
Net income (loss)	8,452			8,478		(26)
Other comprehensive (loss) (net of tax)	319				319
Change in ownership of noncontrolling interest				(462)		462
Cash dividends	(11,117)			(11,117)
Common shares – treasury:
Shares purchased	(5,294)	(104)	(5,190)
Shares issued under Members’ Stock Purchase Plan and stock awards	20,719	423	20,296
Ending balance at Apr. 04, 2015	427,580	44,485	15,973	371,828	(5,056)	350
Beginning balance at Jan. 02, 2016	477,299	44,158	4,407	433,575	(5,186)	345
Comprehensive income:
Net income (loss)	11,842			$ 11,843		$ (1)
Other comprehensive (loss) (net of tax)	(316)				(316)
Change in ownership of noncontrolling interest
Cash dividends	(11,759)			$ (11,759)
Common shares – treasury:
Shares purchased	(1,692)	(49)	(1,643)
Shares issued under Members’ Stock Purchase Plan and stock awards	13,191	266	12,925
Ending balance at Apr. 02, 2016	$ 488,565	$ 44,375	$ 15,689	$ 433,659	$ (5,502)	$ 344

CONSOLIDATED STATEMENTS OF EQU7

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.265	$ 0.25

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Net Cash Flows From (To) Operating Activities:
Net income	$ 11,842	$ 8,452
Noncash items included in net income:
Depreciation and amortization	15,251	13,860
Other postretirement and post employment benefits	411	417
Stock-based compensation	5,340	3,485
Excess tax benefits from stock compensation	(6)	(1,313)
Deferred income taxes	2,711	2,084
(Gain) loss on sale, retirement and impairment of long-lived assets and intangibles, net	60	76
Other – net	1,589	2,405
Net increase (decrease) in operating assets and liabilities	(54,239)	(80,938)
Increase (decrease) in other liabilities	(3,189)	2,155
Net cash flows from (to) operating activities	(20,230)	(49,317)
Net Cash Flows From (To) Investing Activities:
Capital expenditures	(21,270)	(20,085)
Proceeds from sale of property, plant and equipment	151	52
Capitalized software	(6,187)	(8,138)
Acquisition spending, net of cash acquired	(34,064)	0
Purchase of investments	(958)	0
Sales or maturities of investments	900	0
Other – net	502	0
Net cash flows from (to) investing activities	(60,926)	(28,171)
Net Cash Flows From (To) Financing Activities:
Proceeds from sales of HNI Corporation common stock	1,005	8,954
Purchase of HNI Corporation common stock	(1,692)	(5,294)
Proceeds from note and long-term debt	273,154	130,524
Payments of note and long-term debt and other financing	(169,540)	(55,567)
Excess tax benefits from stock compensation	6	1,313
Dividends paid	(11,759)	(11,117)
Net cash flows from (to) financing activities	91,174	68,813
Net increase (decrease) in cash and cash equivalents	10,018	(8,675)
Cash and cash equivalents at beginning of period	28,548	34,144
Cash and cash equivalents at end of period	$ 38,566	$ 25,469

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited, condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. The January 2, 2016 consolidated balance sheet included in this Form 10-Q was derived from audited financial statements but does not include all disclosures required by generally accepted accounting principles. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement have been included. Operating results for the three -month period ended April 2, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2016 . For further information, refer to the consolidated financial statements and accompanying notes included in HNI Corporation's (the "Corporation") Annual Report on Form 10-K for the fiscal year ended January 2, 2016 .

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Apr. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Corporation measures stock-based compensation expense at grant date, based on the fair value of the award, and recognizes expense over the employees' requisite service periods. For the three months ended April 2, 2016 the Corporation recognized $5.3 million of stock based compensation expense. For the three months ended April 4, 2015 the Corporation recognized $3.5 million of stock based compensation expense. Stock-based compensation expense is the cost of stock options and time-based restricted stock units issued under the HNI Corporation 2007 Stock-Based Compensation Plan and shares issued under the HNI Corporation 2002 Members' Stock Purchase Plan. The Corporation granted stock options with fair values of $7.6 million and $6.5 million and time-based restricted stock units with adjusted fair values of $0.5 million and $1.1 million in the three months ended April 2, 2016 and April 4, 2015 , respectively. At April 2, 2016 , there was $5.0 million of unrecognized compensation cost related to nonvested stock options, which the Corporation expects to recognize over a weighted-average remaining service period of 1.5 years and $1.3 million of unrecognized compensation cost related to nonvested restricted stock units, which the Corporation expects to recognize over a weighted-average remaining service period of 1.2 years.

Inventories

Inventories	3 Months Ended
	Apr. 02, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories The Corporation values its inventory at the lower of cost or market with approximately 75% valued by the last-in, first-out ("LIFO") costing method. (In thousands) April 2, 2016 January 2, 2016 Finished products $ 91,794 $ 68,478 Materials and work in process 81,244 81,860 LIFO allowance (25,110 ) (25,110 ) $ 147,928 $ 125,228

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity	3 Months Ended
	Apr. 02, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity	Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity The following table summarizes the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable for the three months ended April 2, 2016 : (In thousands) Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Marketable Securities Pension Postretirement Liability Derivative Financial Instruments Accumulated Other Comprehensive Income (Loss) Balance at January 2, 2016 $ 322 $ (2 ) $ (5,506 ) $ — $ (5,186 ) Other comprehensive income (loss) before reclassifications 157 50 (582 ) (375 ) Amounts reclassified from accumulated other comprehensive (income)loss 59 59 Balance at April 2, 2016 $ 479 $ 48 $ (5,506 ) $ (523 ) $ (5,502 ) All amounts are net-of tax. Amounts in parentheses indicate debits . In March 2016, the Corporation entered in to an interest rate swap transaction to hedge $150 million of outstanding variable rate revolver borrowings against future interest rate volatility. Under the terms of the interest rate swap, the Corporation pays a fixed rate of 1.29 percent and receives 1 month LIBOR on a $150 million notional value expiring January 2021. As of April 2, 2016 , the fair value of the Corporation's interest rate swap was a liability of $0.8 million reported net of tax as $0.5 million in accumulated other comprehensive income. The following table details the reclassifications from accumulated other comprehensive income (loss) for the three months ended April 2, 2016 and April 4, 2015 (in thousands): Three Months Ended Details about Accumulated Other Comprehensive Income (Loss) Components Affected Line Item in the Statement Where Net Income Is Presented April 2, 2016 April 4, 2015 Derivative financial instruments Interest rate swap Selling and administrative expenses $ (93 ) $ — Tax (expense) or benefit 34 — Net of tax $ (59 ) $ — Diesel hedge Selling and administrative expenses $ — $ (694 ) Tax (expense) or benefit — 232 Net of tax $ — $ (462 ) Net $ (59 ) $ (462 ) Amounts in parentheses indicate reductions to profit. During the three months ended April 2, 2016 , the Corporation repurchased 49,400 shares of its common stock at a cost of approximately $1.7 million . As of April 2, 2016 , $191.0 million of the Corporation's Board of Directors' ("Board") current repurchase authorization remained unspent. During the three months ended April 2, 2016 , the Corporation paid dividends to shareholders of $0.265 per share.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 02, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS"): Three Months Ended (In thousands, except per share data) April 2, 2016 April 4, 2015 Numerators: Numerator for both basic and diluted EPS attributable to HNI Corporation net income $ 11,843 $ 8,478 Denominators: Denominator for basic EPS weighted-average common shares outstanding 44,258 44,304 Potentially dilutive shares from stock-based compensation plans 782 1,220 Denominator for diluted EPS 45,040 45,524 Earnings per share – basic $ 0.27 $ 0.19 Earnings per share – diluted $ 0.26 $ 0.19 The weighted average common stock equivalents presented above do not include the effect of 1,446,530 and 268,494 common stock equivalents for the three months ended April 2, 2016 and April 4, 2015 , respectively, because their inclusion would be anti-dilutive.

Restructuring

Restructuring	3 Months Ended
	Apr. 02, 2016
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring As a result of the Corporation's ongoing business simplification and structural cost transformation strategies, the Corporation has closed, consolidated, and realigned a number of its facilities. Restructuring costs associated with these activities during the quarters ended April 2, 2016 and April 4, 2015 were $1.1 million and $0.4 million , respectively. The following is a summary of changes in restructuring accruals during the three months ended April 2, 2016 . (In thousands) Severance Facility Exit Costs & Other Total Balance as of January 2, 2016 $ 206 $ 15 $ 221 Restructuring charges 416 670 1,086 Cash payments (121 ) (670 ) (791 ) Balance as of April 2, 2016 $ 501 $ 15 $ 516 The portion of the restructuring reserve expected to be paid in the next twelve months was $0.5 million as of April 2, 2016 and is included in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Apr. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The table below summarizes amortizable definite-lived intangible assets as of April 2, 2016 and January 2, 2016 , which are reflected in the "Other Assets" line item in the Corporation's Condensed Consolidated Balance Sheets: April 2, 2016 January 2, 2016 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Patents $ 18,645 $ 18,617 $ 28 $ 18,645 $ 18,615 $ 30 Software 130,585 22,178 108,407 122,892 21,193 101,699 Trademarks and trade names 8,564 893 7,671 6,564 753 5,811 Customer lists and other 114,852 59,978 54,874 105,586 60,063 45,523 Net definite lived intangible assets $ 272,646 $ 101,666 $ 170,980 $ 253,687 $ 100,624 $ 153,063 Aggregate amortization expense for the three months ended April 2, 2016 and April 4, 2015 was $2.4 million and $2.8 million , respectively. Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five fiscal years is as follows: (In millions) 2016 2017 2018 2019 2020 Amortization expense $ 13.2 $ 19.7 $ 19.9 $ 19.0 $ 18.6 As events such as acquisitions, dispositions or impairments occur in the future, these amounts may change. The Corporation also owns certain trademarks and trade names with a net carrying amount of $41.0 million as of April 2, 2016 and January 2, 2016 . These trademarks and trade names, which are reflected in the "Other Assets" line in the Corporation's Condensed Consolidated Balance Sheets, are deemed to have indefinite useful lives because they are expected to generate cash flows indefinitely. The changes in the carrying amount of goodwill since January 2, 2016 are as follows by reporting segment: (In thousands) Office Furniture Hearth Products Total Balance as of January 2, 2016 Goodwill $ 149,718 $ 183,199 $ 332,917 Accumulated impairment losses (55,124 ) (143 ) (55,267 ) Net goodwill balance as of January 2, 2016 94,594 183,056 277,650 Goodwill acquired 16,615 — 16,615 Foreign currency translation adjustments (3 ) — (3 ) Balance as of April 2, 2016 Goodwill 166,330 183,199 349,529 Accumulated impairment losses (55,124 ) (143 ) (55,267 ) Net goodwill balance as of April 2, 2016 $ 111,206 $ 183,056 $ 294,262 The Corporation evaluates its goodwill and indefinite-lived intangible assets for impairment on an annual basis during the fourth quarter, or whenever indicators of impairment exist. The Corporation estimates the fair value of its reporting units using various valuation techniques, with the primary technique being a discounted cash flow method. This method employs market participant based assumptions.

Product Warranties

Product Warranties	3 Months Ended
	Apr. 02, 2016
Product Warranties Disclosures [Abstract]
Product Warranties	Product Warranties The Corporation issues certain warranty policies on its office furniture and hearth products that provide for repair or replacement of any covered product or component that fails during normal use because of a defect in design or workmanship. Reserves have been established for the various costs associated with the Corporation's warranty programs. A warranty reserve is determined by recording a specific reserve for known warranty issues and an additional reserve for unknown claims that are expected to be incurred based on historical claims experience. Actual claims incurred could differ from the original estimates, requiring adjustments to the reserve. Activity associated with warranty obligations was as follows during the periods noted: Three Months Ended (In thousands) April 2, 2016 April 4, 2015 Balance at beginning of period $ 16,227 $ 16,719 Accruals for warranties issued during period 5,480 6,102 Adjustments related to pre-existing warranties 281 339 Settlements made during the period (5,831 ) (6,381 ) Balance at end of period $ 16,157 $ 16,779 The portion of the reserve for estimated settlements expected to be paid in the next twelve months was $8.1 million and $8.5 million as of April 2, 2016 and April 4, 2015 , respectively, and is included in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets. The portion of the reserve for settlements expected to be paid beyond one year was $8.1 million and $8.3 million as of April 2, 2016 and April 4, 2015 , respectively, and is included in "Other Long-Term Liabilities" in the Condensed Consolidated Balance Sheets.

Postretirement Health Care

Postretirement Health Care	3 Months Ended
	Apr. 02, 2016
Compensation and Retirement Disclosure [Abstract]
Postretirement Health Care	Postretirement Health Care The following table sets forth the components of net periodic benefit cost included in the Corporation's Condensed Consolidated Statements of Comprehensive Income for: Three Months Ended (In thousands) April 2, 2016 April 4, 2015 Service cost $ 185 $ 201 Interest cost 211 204 Amortization of (gain)/loss 15 59 Net periodic benefit cost $ 411 $ 464

Income Taxes

Income Taxes	3 Months Ended
	Apr. 02, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Corporation's income tax provision for the three months ended April 2, 2016 was $5.9 million on pre-tax income of $17.7 million or an effective tax rate of 33.2 percent . For the three months ended April 4, 2015 , the Corporation's income tax provision was $5.1 million on pre-tax income of $13.5 million or an effective tax rate of 37.5 percent . The effective tax rate was lower in the three months ended April 2, 2016 principally due to timing of the enactment of the R&D tax credit and change in mix related to foreign earnings.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 02, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements For recognition purposes, on a recurring basis the Corporation is required to measure at fair value its marketable securities and derivative instruments. The marketable securities are comprised of government securities, corporate bonds and money market funds. When available the Corporation uses quoted market prices to determine fair value and classifies such measurements within Level 1. Where market prices are not available, the Corporation makes use of observable market-based inputs (prices or quotes from published exchanges and indexes) to calculate fair value using the market approach, in which case the measurements are classified within Level 2. Assets measured at fair value as of April 2, 2016 were as follows: (In thousands) Fair value as of measurement date Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Government securities $ 9,378 $ — $ 9,378 $ — Corporate bonds $ 2,820 $ — $ 2,820 $ — Derivative financial instruments $ (1,667 ) $ — $ (1,667 ) $ — Assets measured at fair value as of January 2, 2016 were as follows: (In thousands) Fair value as of measurement date Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Government securities $ 9,663 $ — $ 9,663 $ — Corporate bonds $ 2,405 $ — $ 2,405 $ — Derivative financial instruments $ (1,252 ) $ — $ (1,252 ) $ — In addition to the methods and assumptions the Corporation uses to record the fair value of financial instruments as discussed above in this section, it uses the following methods and assumptions to estimate the fair value of its financial instruments. Cash and cash equivalents - Level 1 The carrying amount approximated fair value and includes money market funds. Long-term debt (including current portion) - Level 2 The carrying value of the Corporation's outstanding variable-rate debt obligations at April 2, 2016 and January 2, 2016 , the end of the Corporation's 2015 fiscal year, was $150 million and $40 million , respectively, which approximated the fair value. The fair value of the Corporation's outstanding fixed-rate, long-term debt obligations is estimated based on a discounted cash flow method to be $147 million at April 2, 2016 and $148 million at January 2, 2016 , compared to the carrying value of $150 million . This debt is classified as long term on the Condensed Consolidated Balance Sheet as of April 2, 2016 since the Corporation subsequently paid off its senior notes upon maturity on April 6, 2016 with revolving credit facility borrowings expected to remain outstanding for more than twelve months. The Corporation, certain domestic subsidiaries of the Corporation, the lenders and Wells Fargo Bank, National Association, as administrative agent, entered into the First Amendment to Second Amended and Restated Credit Agreement (the "Credit Agreement") on January 6, 2016. The Credit Agreement amends the Second Amended and Restated Credit Agreement dated as of June 9, 2015. The Credit Agreement was amended to increase the revolving commitment of the lenders from $250 million to $400 million (while retaining the Corporation's option under the Credit Agreement to increase its borrowing capacity by an additional $150 million ) in order to provide funding for the pay off of its maturing senior notes on April 6, 2016 and to extend the maturity date of the Credit Agreement from June 2020 to January 2021. The Corporation deferred the debt issuance costs related to the Credit Agreement, which were classified as assets, and is amortizing them over the term of the Credit Agreement. As of April 2, 2016 , there was $150 million outstanding under the $400 million revolving credit facility of which $45 million was classified as long-term since the Corporation does not expect to repay the borrowings within a year and the remaining $105 million was classified as current.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 02, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Corporation utilizes letters of credit in the amount of $9 million to back certain insurance policies and payment obligations. The Corporation utilizes trade letters of credit and bankers acceptances in the amount of $3 million to guarantee certain payments to overseas suppliers. The letters of credit and bankers acceptances reflect fair value as a condition of their underlying purpose and are subject to competitively determined fees. The Corporation has contingent liabilities which have arisen in the ordinary course of its business, including liabilities relating to pending litigation, environmental remediation, taxes, and other claims. It is the Corporation's opinion that liabilities, if any, resulting from these matters are not expected to have a material adverse effect on the Corporation's financial condition, cash flows or on the Corporation's quarterly or annual operating results when resolved in a future period.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Apr. 02, 2016
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	New Accounting Standards In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2015-05, Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . The ASU applies to cloud computing arrangements including software as a service, platform as a service, infrastructure as a service, and other similar hosting arrangements, and was issued to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. The ASU provides guidance about whether the arrangement includes a software license. The core principle of the ASU is that if a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance did not change U.S. GAAP for a customer’s accounting for service contracts. The Corporation adopted the guidance effective January 3, 2016, the beginning of the Corporation's 2016 fiscal year. The guidance did not have a material impact on the Corporation's financial statements. The FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) - Simplifying Presentation of Debt Issuance Costs in April 2015, which was further clarified by ASU No. 2015-15 in August 2015. The core principle of the ASUs is that an entity should present debt issuance costs as a direct deduction from the face amount of that debt in the balance sheet similar to the manner in which a debt discount or premium is presented, and not reflected as a deferred charge or deferred credit. The ASU requires additional disclosure about the nature of and reason for the change in accounting principle, the transition method, a description of the prior-period information that has been retrospectively adjusted and the effect of the change on the financial statement line item (that is, the debt issuance cost asset and the debt liability). Debt issuance costs related to line-of-credit arrangements can still be presented as assets and subesquently amortized. The Corporation adopted the guidance effective January 3, 2016, the beginning of the Corporation's 2016 fiscal year. The guidance did not have an impact on the Corporation's financial statements.

Business Segment Information

Business Segment Information	3 Months Ended
	Apr. 02, 2016
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Management views the Corporation as being in two reportable segments based on industries: office furniture and hearth products, with the former being the principal business segment. The aggregated office furniture segment manufactures and markets a broad line of office furniture which includes storage products, desks, credenzas, chairs, tables, bookcases, classroom solutions, freestanding office partitions and panel systems and other related products. The hearth products segment manufactures and markets a broad line of manufactured gas, electric, wood and pellet fireplaces, inserts and stoves, facings and accessories. For purposes of segment reporting, intercompany sales between segments are not material and operating profit is income before income taxes exclusive of certain unallocated corporate expenses. These unallocated corporate expenses include the net cost of the Corporation's corporate operations, interest income and interest expense. Management views interest income and expense as corporate financing costs and not as a reportable segment cost. In addition, management applies an effective income tax rate to its consolidated income before income taxes so income taxes are not reported or viewed internally on a segment basis. Identifiable assets by segment are those assets applicable to the respective industry segments. Corporate assets consist principally of cash and cash equivalents, short-term investments, long-term investments and corporate office real estate and related equipment. No geographic information for revenues from external customers or for long-lived assets is disclosed since the Corporation's primary market and capital investments are concentrated in the United States. Reportable segment data reconciled to the Corporation's condensed consolidated financial statements for the three month periods ended April 2, 2016 , and April 4, 2015 , is as follows: Three Months Ended (In thousands) April 2, 2016 April 4, 2015 Net Sales: Office Furniture $ 387,339 $ 407,429 Hearth Products 113,698 116,048 $ 501,037 $ 523,477 Operating Profit: Office furniture 21,300 20,152 Hearth products 12,561 12,501 Total operating profit 33,861 32,653 Unallocated corporate expense (16,138 ) (19,133 ) Income before income taxes $ 17,723 $ 13,520 Depreciation & Amortization Expense: Office furniture $ 10,693 $ 10,377 Hearth products 2,656 1,958 General corporate 1,902 1,525 $ 15,251 $ 13,860 Capital Expenditures (including capitalized software): Office furniture $ 16,468 $ 14,551 Hearth products 2,553 2,404 General corporate 8,436 11,268 $ 27,457 $ 28,223 As of As of (In thousands) April 2, January 2, Identifiable Assets: Office furniture $ 764,741 $ 739,915 Hearth products 348,194 341,813 General corporate 198,517 182,197 $ 1,311,452 $ 1,263,925

Business Combinations (Notes)

Business Combinations (Notes)	3 Months Ended
	Apr. 02, 2016
Business Combinations [Abstract]
Business Combinations	Business Combinations On January 29, 2016, the Corporation acquired a small office furniture company with annual sales of approximately $30 million at a purchase price of approximately $34 million , net of cash acquired. The Corporation will finalize the allocation of purchase price during 2016 based on final purchase price and fair value adjustments. Based on the preliminary allocation, there were approximately $13 million of intangible assets other than goodwill associated with this acquisition with estimated useful lives ranging from three to twelve years with amortization recorded on a straight line basis based on the projected cash flow associated with the respective intangible assets’ existing relationship. There was approximately $17 million of goodwill associated with this acquisition.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Apr. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Stock-Based Compensation	The Corporation measures stock-based compensation expense at grant date, based on the fair value of the award, and recognizes expense over the employees' requisite service periods.
Inventories	The Corporation values its inventory at the lower of cost or market with approximately 75% valued by the last-in, first-out ("LIFO") costing method.
Goodwill and Other Intangible Assets	The Corporation evaluates its goodwill and indefinite-lived intangible assets for impairment on an annual basis during the fourth quarter, or whenever indicators of impairment exist. The Corporation estimates the fair value of its reporting units using various valuation techniques, with the primary technique being a discounted cash flow method. This method employs market participant based assumptions.
Product Warranties	The Corporation issues certain warranty policies on its office furniture and hearth products that provide for repair or replacement of any covered product or component that fails during normal use because of a defect in design or workmanship. Reserves have been established for the various costs associated with the Corporation's warranty programs. A warranty reserve is determined by recording a specific reserve for known warranty issues and an additional reserve for unknown claims that are expected to be incurred based on historical claims experience. Actual claims incurred could differ from the original estimates, requiring adjustments to the reserve.
Fair Value Measurements	For recognition purposes, on a recurring basis the Corporation is required to measure at fair value its marketable securities and derivative instruments. The marketable securities are comprised of government securities, corporate bonds and money market funds. When available the Corporation uses quoted market prices to determine fair value and classifies such measurements within Level 1. Where market prices are not available, the Corporation makes use of observable market-based inputs (prices or quotes from published exchanges and indexes) to calculate fair value using the market approach, in which case the measurements are classified within Level 2.
New Accounting Standards	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2015-05, Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . The ASU applies to cloud computing arrangements including software as a service, platform as a service, infrastructure as a service, and other similar hosting arrangements, and was issued to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. The ASU provides guidance about whether the arrangement includes a software license. The core principle of the ASU is that if a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance did not change U.S. GAAP for a customer’s accounting for service contracts. The Corporation adopted the guidance effective January 3, 2016, the beginning of the Corporation's 2016 fiscal year. The guidance did not have a material impact on the Corporation's financial statements. The FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) - Simplifying Presentation of Debt Issuance Costs in April 2015, which was further clarified by ASU No. 2015-15 in August 2015. The core principle of the ASUs is that an entity should present debt issuance costs as a direct deduction from the face amount of that debt in the balance sheet similar to the manner in which a debt discount or premium is presented, and not reflected as a deferred charge or deferred credit. The ASU requires additional disclosure about the nature of and reason for the change in accounting principle, the transition method, a description of the prior-period information that has been retrospectively adjusted and the effect of the change on the financial statement line item (that is, the debt issuance cost asset and the debt liability). Debt issuance costs related to line-of-credit arrangements can still be presented as assets and subesquently amortized. The Corporation adopted the guidance effective January 3, 2016, the beginning of the Corporation's 2016 fiscal year. The guidance did not have an impact on the Corporation's financial statements.
Business Segment Information	Management views the Corporation as being in two reportable segments based on industries: office furniture and hearth products, with the former being the principal business segment. The aggregated office furniture segment manufactures and markets a broad line of office furniture which includes storage products, desks, credenzas, chairs, tables, bookcases, classroom solutions, freestanding office partitions and panel systems and other related products. The hearth products segment manufactures and markets a broad line of manufactured gas, electric, wood and pellet fireplaces, inserts and stoves, facings and accessories. For purposes of segment reporting, intercompany sales between segments are not material and operating profit is income before income taxes exclusive of certain unallocated corporate expenses. These unallocated corporate expenses include the net cost of the Corporation's corporate operations, interest income and interest expense. Management views interest income and expense as corporate financing costs and not as a reportable segment cost. In addition, management applies an effective income tax rate to its consolidated income before income taxes so income taxes are not reported or viewed internally on a segment basis. Identifiable assets by segment are those assets applicable to the respective industry segments. Corporate assets consist principally of cash and cash equivalents, short-term investments, long-term investments and corporate office real estate and related equipment. No geographic information for revenues from external customers or for long-lived assets is disclosed since the Corporation's primary market and capital investments are concentrated in the United States.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 02, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories	The Corporation values its inventory at the lower of cost or market with approximately 75% valued by the last-in, first-out ("LIFO") costing method. (In thousands) April 2, 2016 January 2, 2016 Finished products $ 91,794 $ 68,478 Materials and work in process 81,244 81,860 LIFO allowance (25,110 ) (25,110 ) $ 147,928 $ 125,228

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables)	3 Months Ended
	Apr. 02, 2016
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive Income and Changes in Accumulated Other Comprehensive Income, Net of Tax	The following table summarizes the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable for the three months ended April 2, 2016 : (In thousands) Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Marketable Securities Pension Postretirement Liability Derivative Financial Instruments Accumulated Other Comprehensive Income (Loss) Balance at January 2, 2016 $ 322 $ (2 ) $ (5,506 ) $ — $ (5,186 ) Other comprehensive income (loss) before reclassifications 157 50 (582 ) (375 ) Amounts reclassified from accumulated other comprehensive (income)loss 59 59 Balance at April 2, 2016 $ 479 $ 48 $ (5,506 ) $ (523 ) $ (5,502 ) All amounts are net-of tax. Amounts in parentheses indicate debits .
Schedule of Reclassification from Accumulated Other Comprehensive Income	The following table details the reclassifications from accumulated other comprehensive income (loss) for the three months ended April 2, 2016 and April 4, 2015 (in thousands): Three Months Ended Details about Accumulated Other Comprehensive Income (Loss) Components Affected Line Item in the Statement Where Net Income Is Presented April 2, 2016 April 4, 2015 Derivative financial instruments Interest rate swap Selling and administrative expenses $ (93 ) $ — Tax (expense) or benefit 34 — Net of tax $ (59 ) $ — Diesel hedge Selling and administrative expenses $ — $ (694 ) Tax (expense) or benefit — 232 Net of tax $ — $ (462 ) Net $ (59 ) $ (462 ) Amounts in parentheses indicate reductions to profit.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 02, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS"): Three Months Ended (In thousands, except per share data) April 2, 2016 April 4, 2015 Numerators: Numerator for both basic and diluted EPS attributable to HNI Corporation net income $ 11,843 $ 8,478 Denominators: Denominator for basic EPS weighted-average common shares outstanding 44,258 44,304 Potentially dilutive shares from stock-based compensation plans 782 1,220 Denominator for diluted EPS 45,040 45,524 Earnings per share – basic $ 0.27 $ 0.19 Earnings per share – diluted $ 0.26 $ 0.19

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Apr. 02, 2016
Restructuring and Related Activities [Abstract]
Summary of Changes in Restructuring Accruals	The following is a summary of changes in restructuring accruals during the three months ended April 2, 2016 . (In thousands) Severance Facility Exit Costs & Other Total Balance as of January 2, 2016 $ 206 $ 15 $ 221 Restructuring charges 416 670 1,086 Cash payments (121 ) (670 ) (791 ) Balance as of April 2, 2016 $ 501 $ 15 $ 516

Goodwill and Other Intangible29

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Apr. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets by Major Class	The table below summarizes amortizable definite-lived intangible assets as of April 2, 2016 and January 2, 2016 , which are reflected in the "Other Assets" line item in the Corporation's Condensed Consolidated Balance Sheets: April 2, 2016 January 2, 2016 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Patents $ 18,645 $ 18,617 $ 28 $ 18,645 $ 18,615 $ 30 Software 130,585 22,178 108,407 122,892 21,193 101,699 Trademarks and trade names 8,564 893 7,671 6,564 753 5,811 Customer lists and other 114,852 59,978 54,874 105,586 60,063 45,523 Net definite lived intangible assets $ 272,646 $ 101,666 $ 170,980 $ 253,687 $ 100,624 $ 153,063
Schedule of Expected Amortization Expense Table	Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five fiscal years is as follows: (In millions) 2016 2017 2018 2019 2020 Amortization expense $ 13.2 $ 19.7 $ 19.9 $ 19.0 $ 18.6
Schedule of Goodwill	The changes in the carrying amount of goodwill since January 2, 2016 are as follows by reporting segment: (In thousands) Office Furniture Hearth Products Total Balance as of January 2, 2016 Goodwill $ 149,718 $ 183,199 $ 332,917 Accumulated impairment losses (55,124 ) (143 ) (55,267 ) Net goodwill balance as of January 2, 2016 94,594 183,056 277,650 Goodwill acquired 16,615 — 16,615 Foreign currency translation adjustments (3 ) — (3 ) Balance as of April 2, 2016 Goodwill 166,330 183,199 349,529 Accumulated impairment losses (55,124 ) (143 ) (55,267 ) Net goodwill balance as of April 2, 2016 $ 111,206 $ 183,056 $ 294,262

Product Warranties (Tables)

Product Warranties (Tables)	3 Months Ended
	Apr. 02, 2016
Product Warranties Disclosures [Abstract]
Activity Associated with Warranty Obligations	Activity associated with warranty obligations was as follows during the periods noted: Three Months Ended (In thousands) April 2, 2016 April 4, 2015 Balance at beginning of period $ 16,227 $ 16,719 Accruals for warranties issued during period 5,480 6,102 Adjustments related to pre-existing warranties 281 339 Settlements made during the period (5,831 ) (6,381 ) Balance at end of period $ 16,157 $ 16,779

Postretirement Health Care (Tab

Postretirement Health Care (Tables)	3 Months Ended
	Apr. 02, 2016
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	The following table sets forth the components of net periodic benefit cost included in the Corporation's Condensed Consolidated Statements of Comprehensive Income for: Three Months Ended (In thousands) April 2, 2016 April 4, 2015 Service cost $ 185 $ 201 Interest cost 211 204 Amortization of (gain)/loss 15 59 Net periodic benefit cost $ 411 $ 464

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 02, 2016
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value	Assets measured at fair value as of April 2, 2016 were as follows: (In thousands) Fair value as of measurement date Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Government securities $ 9,378 $ — $ 9,378 $ — Corporate bonds $ 2,820 $ — $ 2,820 $ — Derivative financial instruments $ (1,667 ) $ — $ (1,667 ) $ — Assets measured at fair value as of January 2, 2016 were as follows: (In thousands) Fair value as of measurement date Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Government securities $ 9,663 $ — $ 9,663 $ — Corporate bonds $ 2,405 $ — $ 2,405 $ — Derivative financial instruments $ (1,252 ) $ — $ (1,252 ) $ —

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Apr. 02, 2016
Segment Reporting [Abstract]
Business Segment Information	Reportable segment data reconciled to the Corporation's condensed consolidated financial statements for the three month periods ended April 2, 2016 , and April 4, 2015 , is as follows: Three Months Ended (In thousands) April 2, 2016 April 4, 2015 Net Sales: Office Furniture $ 387,339 $ 407,429 Hearth Products 113,698 116,048 $ 501,037 $ 523,477 Operating Profit: Office furniture 21,300 20,152 Hearth products 12,561 12,501 Total operating profit 33,861 32,653 Unallocated corporate expense (16,138 ) (19,133 ) Income before income taxes $ 17,723 $ 13,520 Depreciation & Amortization Expense: Office furniture $ 10,693 $ 10,377 Hearth products 2,656 1,958 General corporate 1,902 1,525 $ 15,251 $ 13,860 Capital Expenditures (including capitalized software): Office furniture $ 16,468 $ 14,551 Hearth products 2,553 2,404 General corporate 8,436 11,268 $ 27,457 $ 28,223 As of As of (In thousands) April 2, January 2, Identifiable Assets: Office furniture $ 764,741 $ 739,915 Hearth products 348,194 341,813 General corporate 198,517 182,197 $ 1,311,452 $ 1,263,925

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 5.3	$ 3.5
Share-based Compensation Arrangement by Share-based Payment Award, Granted in Period, Fair Value	7.6	6.5
Share-based Compensation Arrangement by Share-based Payment Award, Granted in Period, Adjusted Fair Vale	0.5	$ 1.1
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 5
Remaining requisite service period for unrecognized compensation cost (in years)	1 year 6 months
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 1.3
Remaining requisite service period for unrecognized compensation cost (in years)	1 year 2 months 12 days

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
Inventory Disclosure [Abstract]
Percentage of LIFO Inventory	75.00%
Inventory, Net [Abstract]
Finished products	$ 91,794	$ 68,478
Materials and work in process	81,244	81,860
LIFO allowance	(25,110)	(25,110)
Inventories	$ 147,928	$ 125,228

Accumulated Other Comprehensi36

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Components) (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2016USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at January 2, 2016	$ (5,186)
Balance at April 2, 2016	(5,502)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at January 2, 2016	(5,186)
Other comprehensive income (loss) before reclassifications	(375)
Amounts reclassified from accumulated other comprehensive (income)loss	59
Balance at April 2, 2016	(5,502)
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at January 2, 2016	322
Other comprehensive income (loss) before reclassifications	$ 157
Amounts reclassified from accumulated other comprehensive (income)loss
Balance at April 2, 2016	$ 479
Unrealized Gains (Losses) on Marketable Securities [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at January 2, 2016	(2)
Other comprehensive income (loss) before reclassifications	$ 50
Amounts reclassified from accumulated other comprehensive (income)loss
Balance at April 2, 2016	$ 48
Pension Postretirement Liability [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at January 2, 2016	$ (5,506)
Other comprehensive income (loss) before reclassifications
Amounts reclassified from accumulated other comprehensive (income)loss
Balance at April 2, 2016	$ (5,506)
Derivative Financial Instruments [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at January 2, 2016	0
Other comprehensive income (loss) before reclassifications	(582)
Amounts reclassified from accumulated other comprehensive (income)loss	59
Balance at April 2, 2016	$ (523)

Accumulated Other Comprehensi37

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Reclassification) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling and administrative expenses	$ (165,106)	$ (168,704)
Tax (expense) or benefit	(5,881)	(5,068)
Net income attributable to HNI Corporation	11,843	8,478
Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Financial Instruments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income attributable to HNI Corporation	(59)	(462)
Interest Rate Swap [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Financial Instruments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling and administrative expenses	(93)	0
Tax (expense) or benefit	34	0
Net income attributable to HNI Corporation	(59)	0
Energy Related Derivative [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Financial Instruments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling and administrative expenses	0	(694)
Tax (expense) or benefit	0	232
Net income attributable to HNI Corporation	$ 0	$ (462)

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015	Jan. 02, 2016
Class of Stock [Line Items]
Cash dividends per common share (in dollars per share)	$ 0.265	$ 0.25
Accumulated other comprehensive income(loss)	$ (5,502)		$ (5,186)
Common Stock [Member]
Class of Stock [Line Items]
Repurchased common stock, shares	49,400
Repurchased common stock, value	$ 1,700
Stock repurchase program, remaining authorized repurchase amount	191,000
Interest Rate Swap [Member]
Class of Stock [Line Items]
Derivative, Notional Amount	$ 150,000
Derivative, Fixed Interest Rate	1.29%
Derivative Liability	$ 800
Accumulated other comprehensive income(loss)	$ 500

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Numerators:
Numerator for both basic and diluted EPS attributable to HNI Corporation net income	$ 11,843	$ 8,478
Denominators:
Denominator for basic EPS weighted-average common shares outstanding	44,258,357	44,303,788
Potentially dilutive shares from stock-based compensation plans	782,000	1,220,000
Denominator for diluted EPS	45,039,918	45,523,785
Earnings per share - basic (in dollars per share)	$ 0.27	$ 0.19
Earnings per share - diluted (in dollars per share)	$ 0.26	$ 0.19
Earnings Per Share, Diluted, Other Disclosures [Abstract]
Antidilutive securities excluded from computation of earnings per share (shares)	1,446,530	268,494

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) - Realignment of Office Furniture Facilities and Exit of Business Line [Member] - USD ($) $ in Millions	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 1.1	$ 0.4
Restructuring Reserve, Current	$ 0.5

Restructuring (Changes in Restr

Restructuring (Changes in Restructuring Accruals) (Details) - Realignment of Office Furniture Facilities and Exit of Business Line [Member] $ in Thousands	3 Months Ended
	Apr. 02, 2016USD ($)
Restructuring Reserve [Roll Forward]
Balance as of January 2, 2016	$ 221
Restructuring charges	1,086
Cash payments	(791)
Balance as of April 2, 2016	516
Severance [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 2, 2016	206
Restructuring charges	416
Cash payments	(121)
Balance as of April 2, 2016	501
Facility Exit Costs & Other [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 2, 2016	15
Restructuring charges	670
Cash payments	(670)
Balance as of April 2, 2016	$ 15

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015	Jan. 02, 2016
Finite-Lived Intangible Assets [Line Items]
Aggregated amortization expense	$ 2.4	$ 2.8
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	$ 41		$ 41

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets (Other Intangible Assets) (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 272,646	$ 253,687
Accumulated amortization	101,666	100,624
Finite-lived intangible assets, net	170,980	153,063
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2,016	13,200
2,017	19,700
2,018	19,900
2,019	19,000
2,020	18,600
Patents [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	18,645	18,645
Accumulated amortization	18,617	18,615
Finite-lived intangible assets, net	28	30
Software [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	130,585	122,892
Accumulated amortization	22,178	21,193
Finite-lived intangible assets, net	108,407	101,699
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	8,564	6,564
Accumulated amortization	893	753
Finite-lived intangible assets, net	7,671	5,811
Customer Lists and Other [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	114,852	105,586
Accumulated amortization	59,978	60,063
Finite-lived intangible assets, net	$ 54,874	$ 45,523

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets (Goodwill) (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	$ 332,917
Accumulated impairment losses, beginning balance	(55,267)
Goodwill, net, beginning balance	277,650
Goodwill acquired	16,615
Foreign currency translation adjustments	(3)
Goodwill, gross, ending balance	349,529
Accumulated impairment losses, ending balance	(55,267)
Goodwill, net, ending balance	294,262
Office Furniture [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	149,718
Accumulated impairment losses, beginning balance	(55,124)
Goodwill, net, beginning balance	94,594
Goodwill acquired	16,615
Foreign currency translation adjustments	(3)
Goodwill, gross, ending balance	166,330
Accumulated impairment losses, ending balance	(55,124)
Goodwill, net, ending balance	111,206
Hearth Products [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	183,199
Accumulated impairment losses, beginning balance	(143)
Goodwill, net, beginning balance	183,056
Goodwill acquired	0
Foreign currency translation adjustments	0
Goodwill, gross, ending balance	183,199
Accumulated impairment losses, ending balance	(143)
Goodwill, net, ending balance	$ 183,056

Product Warranties (Details)

Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 16,227	$ 16,719
Accruals for warranties issued during period	5,480	6,102
Adjustments related to pre-existing warranties	281	339
Settlements made during the period	(5,831)	(6,381)
Balance at end of period	16,157	16,779
Standard product warranty accrual, current	8,100	8,500
Standard product warranty accrual, noncurrent	$ 8,100	$ 8,300

Postretirement Health Care (Det

Postretirement Health Care (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 185	$ 201
Interest cost	211	204
Amortization of (gain)/loss	15	59
Net periodic benefit cost	$ 411	$ 464

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Income Tax Disclosure [Abstract]
Income tax provision	$ 5,881	$ 5,068
Income before income taxes	$ 17,723	$ 13,520
Effective income tax rate	33.20%	37.50%

Fair Value Measurements (Assets

Fair Value Measurements (Assets) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
Assets Fair Value Disclosure [Abstract]
Derivative financial instruments	$ (1,667)	$ (1,252)
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Fair Value Disclosure [Abstract]
Derivative financial instruments	0	0
Significant Other Observable Inputs (Level 2) [Member]
Assets Fair Value Disclosure [Abstract]
Derivative financial instruments	(1,667)	(1,252)
Significant Unobservable Inputs (Level 3) [Member]
Assets Fair Value Disclosure [Abstract]
Derivative financial instruments	0	0
Government Securities [Member]
Assets Fair Value Disclosure [Abstract]
Available-for-sale securities, fair value disclosure	9,378	9,663
Government Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Fair Value Disclosure [Abstract]
Available-for-sale securities, fair value disclosure	0	0
Government Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Fair Value Disclosure [Abstract]
Available-for-sale securities, fair value disclosure	9,378	9,663
Government Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Fair Value Disclosure [Abstract]
Available-for-sale securities, fair value disclosure	0	0
Corporate Bonds [Member]
Assets Fair Value Disclosure [Abstract]
Available-for-sale securities, fair value disclosure	2,820	2,405
Corporate Bonds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Fair Value Disclosure [Abstract]
Available-for-sale securities, fair value disclosure	0	0
Corporate Bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Fair Value Disclosure [Abstract]
Available-for-sale securities, fair value disclosure	2,820	2,405
Corporate Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Fair Value Disclosure [Abstract]
Available-for-sale securities, fair value disclosure	$ 0	$ 0

Fair Value Measurements (Long-t

Fair Value Measurements (Long-term Debt) (Details) - USD ($) $ in Millions	Apr. 02, 2016	Jan. 02, 2016
Long-term Debt [Member]
Debt Instrument [Line Items]
Long-term debt	$ 45
Variable Rate Debt Instruments [Member]
Debt Instrument [Line Items]
Long-term debt	150	$ 40
Fixed Rate Debt Instruments [Member]
Debt Instrument [Line Items]
Long-term debt	150	150
Long-term debt, fair value	147	148
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	400	$ 250
Accordion feature	150
Outstanding balance	150
Short-term Debt [Member]
Debt Instrument [Line Items]
Long-term debt	$ 105

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Apr. 02, 2016USD ($)
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Letters of credit	$ 9
Trade Letters Of Credit And Bankers Acceptances [Member]
Line of Credit Facility [Line Items]
Letters of credit	$ 3

Business Segment Information (D

Business Segment Information (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2016USD ($)Segment	Apr. 04, 2015USD ($)	Jan. 02, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	2
Net sales	$ 501,037	$ 523,477
Operating Profit:	17,723	13,520
Depreciation & Amortization Expense:	15,251	13,860
Capital Expenditures (including capitalized software):	27,457	28,223
Identifiable Assets:	1,311,452		$ 1,263,925
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating Profit:	33,861	32,653
Operating Segments [Member] | Office Furniture [Member]
Segment Reporting Information [Line Items]
Net sales	387,339	407,429
Operating Profit:	21,300	20,152
Depreciation & Amortization Expense:	10,693	10,377
Capital Expenditures (including capitalized software):	16,468	14,551
Identifiable Assets:	764,741		739,915
Operating Segments [Member] | Hearth Products [Member]
Segment Reporting Information [Line Items]
Net sales	113,698	116,048
Operating Profit:	12,561	12,501
Depreciation & Amortization Expense:	2,656	1,958
Capital Expenditures (including capitalized software):	2,553	2,404
Identifiable Assets:	348,194		341,813
Corporate [Member]
Segment Reporting Information [Line Items]
Operating Profit:	(16,138)	(19,133)
Depreciation & Amortization Expense:	1,902	1,525
Capital Expenditures (including capitalized software):	8,436	$ 11,268
Identifiable Assets:	$ 198,517		$ 182,197

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Thousands	Jan. 29, 2016	Apr. 02, 2016	Jan. 02, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
GOODWILL		$ 294,262	$ 277,650
Small Office Furniture Company [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Annual sales	$ 30,000
Cost of acquisition	34,000
Intangible assets	13,000
GOODWILL	$ 17,000
Small Office Furniture Company [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		3 years
Small Office Furniture Company [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		12 years