$HNI
HNI CORP Stock $hni

$hni Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000004828723000189 Filed on August 08, 2023

Income Statement

Concept	2023 Q3
Revenue	$563.5M
YoY Change	-9.36%
Cost Of Revenue	$347.9M
YoY Change	-13.29%
Gross Profit	$215.5M
YoY Change	-2.31%
Gross Profit Margin	38.24%
Selling, General & Admin	$211.0M
YoY Change	11.23%
% of Gross Profit	97.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$22.60M
YoY Change	6.1%
% of Gross Profit	10.49%
Operating Expenses	$211.0M
YoY Change	11.23%
Operating Profit	-$3.600M
YoY Change	-112.04%
Interest Expense	-$5.500M
YoY Change	161.9%
% of Operating Profit
Other Income/Expense, Net	$100.0K
YoY Change
Pretax Income	-$9.000M
YoY Change	-132.37%
Income Tax	$3.800M
% Of Pretax Income
Net Earnings	-$12.80M
YoY Change	-142.24%
Net Earnings / Revenue	-2.27%
Basic Earnings Per Share	-$0.30
Diluted Earnings Per Share	-$0.30
COMMON SHARES
Basic Shares Outstanding	43.30M shares
Diluted Shares Outstanding	43.30M shares

Balance Sheet

Concept	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$29.50M
YoY Change	43.2%
Cash & Equivalents	$23.80M
Short-Term Investments	$5.700M
Other Short-Term Assets	$74.80M
YoY Change	-38.74%
Inventory	$234.8M
Prepaid Expenses
Receivables	$258.6M
Other Receivables	$0.00
Total Short-Term Assets	$597.7M
YoY Change	-4.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$579.6M
YoY Change	67.47%
Goodwill	$493.2M
YoY Change	61.07%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$60.40M
YoY Change	9.62%
Total Long-Term Assets	$1.478B
YoY Change	53.63%
TOTAL ASSETS
Total Short-Term Assets	$597.7M
Total Long-Term Assets	$1.478B
Total Assets	$2.076B
YoY Change	30.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$367.1M
YoY Change	0.77%
Accrued Expenses	$23.80M
YoY Change	16.1%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00
YoY Change
Long-Term Debt Due	$1.100M
YoY Change	-35.29%
Total Short-Term Liabilities	$489.4M
YoY Change	-0.55%
LONG-TERM LIABILITIES
Long-Term Debt	$597.1M
YoY Change	93.42%
Other Long-Term Liabilities	$79.30M
YoY Change	1.02%
Total Long-Term Liabilities	$676.4M
YoY Change	74.69%
TOTAL LIABILITIES
Total Short-Term Liabilities	$489.4M
Total Long-Term Liabilities	$676.4M
Total Liabilities	$1.360B
YoY Change	32.75%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$715.0M
YoY Change
Total Liabilities & Shareholders Equity	$2.076B
YoY Change	30.81%

Cashflow Statement

Concept	2023 Q3
OPERATING ACTIVITIES
Net Income	-$12.80M
YoY Change	-142.24%
Depreciation, Depletion And Amortization	$22.60M
YoY Change	6.1%
Cash From Operating Activities	$22.50M
YoY Change	198.01%
INVESTING ACTIVITIES
Capital Expenditures	$21.00M
YoY Change	-240.34%
Acquisitions
YoY Change
Other Investing Activities	-$369.8M
YoY Change	4715.73%
Cash From Investing Activities	-$390.8M
YoY Change	1625.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	375.2M
YoY Change	3255.99%
NET CHANGE
Cash From Operating Activities	22.50M
Cash From Investing Activities	-390.8M
Cash From Financing Activities	375.2M
Net Change In Cash	6.900M
YoY Change	-276.34%
FREE CASH FLOW
Cash From Operating Activities	$22.50M
Capital Expenditures	$21.00M
Free Cash Flow	$1.500M
YoY Change	-93.34%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Aoci Including Portion Attributable To Noncontrolling Interest Period Increase Decrease AociIncludingPortionAttributableToNoncontrollingInterestPeriodIncreaseDecrease	-100000	usd
CY2022Q3	us-gaap	Aoci Including Portion Attributable To Noncontrolling Interest Period Increase Decrease AociIncludingPortionAttributableToNoncontrollingInterestPeriodIncreaseDecrease	-1300000	usd
	us-gaap	Aoci Including Portion Attributable To Noncontrolling Interest Period Increase Decrease AociIncludingPortionAttributableToNoncontrollingInterestPeriodIncreaseDecrease	0.0	usd
	us-gaap	Aoci Including Portion Attributable To Noncontrolling Interest Period Increase Decrease AociIncludingPortionAttributableToNoncontrollingInterestPeriodIncreaseDecrease	-1300000	usd
CY2023Q3	us-gaap	Assets Of Disposal Group Including Discontinued Operation Current AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent	18900000	usd
CY2022Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation Current AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent	1900000	usd
CY2023Q3	us-gaap	Assets Current AssetsCurrent	597700000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	469200000	usd
CY2023Q3	us-gaap	Land And Land Improvements LandAndLandImprovements	58500000	usd
CY2022Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	30800000	usd
CY2023Q3	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	410000000.0	usd
CY2022Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	275400000	usd
CY2023Q3	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	682700000	usd
CY2022Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	602600000	usd
CY2023Q3	us-gaap	Construction In Progress Gross ConstructionInProgressGross	41700000	usd
CY2022Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	34200000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1192900000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	942900000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	613300000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	590300000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	579600000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	352500000	usd
CY2023Q3	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	11800000	usd
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	11400000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	124300000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	88400000	usd
CY2023Q3	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	701800000	usd
CY2022Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	439800000	usd
CY2023Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	60400000	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	53200000	usd
CY2023Q3	us-gaap	Assets Assets	2075600000	usd
CY2022Q4	us-gaap	Assets Assets	1414500000	usd
CY2023Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	438800000	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	367700000	usd
CY2023Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	1100000	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1300000	usd
CY2023Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	7300000	usd
CY2022Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	2100000	usd
CY2023Q3	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	4000000.0	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	3700000	usd
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	23800000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	20300000	usd
CY2023Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	14400000	usd
CY2022Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	0	usd
CY2023Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	120800000	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	9500000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	715300000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	616800000	usd
	us-gaap	Profit Loss ProfitLoss	-11300000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	0.0	usd
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.64
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	120800000	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	17800000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	715300000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	582000000.0	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	30300000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1300000	usd
CY2022Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.32
CY2022Q3	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	40000000.0	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4700000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	562000000.0	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	590000000.0	usd
	us-gaap	Profit Loss ProfitLoss	44500000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1300000	usd
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.63
	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	63900000	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	19700000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	562000000.0	usd
	us-gaap	Profit Loss ProfitLoss	-11300000	usd
	us-gaap	Profit Loss ProfitLoss	44500000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	42700000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	42400000	usd
	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	500000	usd
	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	700000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	7600000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	8500000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-9500000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-13400000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2300000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-600000	usd
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-4800000	usd
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	105000000.0	usd
	hni	Increase Decrease In Other Non Operating Liabilities IncreaseDecreaseInOtherNonOperatingLiabilities	2700000	usd
	hni	Increase Decrease In Other Non Operating Liabilities IncreaseDecreaseInOtherNonOperatingLiabilities	-3500000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	39800000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-25200000	usd
	hni	Payments To Acquire Productive Assets Excluding Software PaymentsToAcquireProductiveAssetsExcludingSoftware	37700000	usd
	hni	Payments To Acquire Productive Assets Excluding Software PaymentsToAcquireProductiveAssetsExcludingSoftware	27900000	usd
	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware	3400000	usd
	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware	5300000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	369800000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	9300000	usd
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	3100000	usd
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	1800000	usd
	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	3000000.0	usd
	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	1500000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-200000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-410800000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-42800000	usd
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	161700000	usd
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	159300000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	572300000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	291800000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	28600000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	26700000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	65200000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1200000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3400000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-5900000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-2500000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	377300000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	41500000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	6300000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-26500000	usd
	us-gaap	Net Cash Provided By Used In Discontinued Operations NetCashProvidedByUsedInDiscontinuedOperations	0	usd
	us-gaap	Net Cash Provided By Used In Discontinued Operations NetCashProvidedByUsedInDiscontinuedOperations	-6200000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	6300000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-32700000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17400000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	52300000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	23800000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19600000	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	563500000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	621700000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1042500000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1194100000	usd
CY2023Q3	us-gaap	Accounts Receivable Gross AccountsReceivableGross	258100000	usd
CY2022Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	218400000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	3100000	usd
CY2022Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	2900000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net Noncurrent ContractWithCustomerAssetNetNoncurrent	30000000.0	usd
CY2022Q4	us-gaap	Contract With Customer Asset Net Noncurrent ContractWithCustomerAssetNetNoncurrent	29800000	usd
CY2023Q3	hni	Contract With Customer Liability Customer Deposit ContractWithCustomerLiabilityCustomerDeposit	39700000	usd
CY2022Q4	hni	Contract With Customer Liability Customer Deposit ContractWithCustomerLiabilityCustomerDeposit	27300000	usd
CY2023Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	32000000.0	usd
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	31300000	usd
CY2022Q4	hni	Contract With Customer Liability Customer Deposit ContractWithCustomerLiabilityCustomerDeposit	27300000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	15900000	usd
	hni	Revenue Recognition Payment Terms RevenueRecognitionPaymentTerms	P30D
CY2023Q3	us-gaap	Goodwill Gross GoodwillGross	558400000	usd
CY2023Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	148100000	usd
CY2023Q3	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	140600000	usd
CY2023Q3	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	54000000.0	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	234800000	usd
CY2023Q3	us-gaap	Percentage Of Lifo Inventory PercentageOfLIFOInventory	0.91
CY2023Q3	hni	Inventory Fifo Reserve InventoryFIFOReserve	15000000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	493200000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	193000000.0	usd
CY2023Q3	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	15500000	usd
CY2023Q3	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	701800000	usd
CY2022Q4	us-gaap	Goodwill Gross GoodwillGross	371100000	usd
CY2022Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	65200000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	305900000	usd
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	187300000	usd
CY2023Q3	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	65200000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	493200000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	378500000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	185500000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	193000000.0	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	288800000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	170400000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	118400000	usd
CY2023Q3	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	5500000	usd
CY2023Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1900000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	32300000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	33700000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	31300000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	25000000.0	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	17800000	usd
CY2022Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	14800000	usd
	us-gaap	Standard Product Warranty Accrual Additions From Business Acquisition StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition	3500000	usd
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	6200000	usd
	hni	Standard Product Warranty Accrual Settlements And Other Increase Decrease StandardProductWarrantyAccrualSettlementsAndOtherIncreaseDecrease	5600000	usd
CY2023Q3	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	19000000.0	usd
CY2023Q3	us-gaap	Standard Product Warranty Accrual Current StandardProductWarrantyAccrualCurrent	6900000	usd
CY2023Q3	us-gaap	Standard Product Warranty Accrual Noncurrent StandardProductWarrantyAccrualNoncurrent	12100000	usd
CY2023Q3	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	19000000.0	usd
CY2023Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	2900000	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	598100000	usd
CY2023Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	1100000	usd
CY2023Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	597100000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Current Gross DeferredFinanceCostsCurrentGross	400000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Noncurrent Gross DeferredFinanceCostsNoncurrentGross	1100000	usd
CY2023Q3	hni	Debt Instrument Covenant Ratio Of Interest Coverage To Earnings For The Last Four Fiscal Quarters DebtInstrumentCovenantRatioOfInterestCoverageToEarningsForTheLastFourFiscalQuarters	4.0
CY2023Q3	hni	Debt Instrument Covenant Ratio Of Leverage To Earnings For The Last Four Fiscal Quarters DebtInstrumentCovenantRatioOfLeverageToEarningsForTheLastFourFiscalQuarters	3.5
CY2023Q3	hni	Debt Instrument Covenant Ratio Of Leverage To Earnings For The Last Four Fiscal Quarters DebtInstrumentCovenantRatioOfLeverageToEarningsForTheLastFourFiscalQuarters	3.5
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-9000000.0	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27800000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3800000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2500000	usd
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.418
CY2022Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.090
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.30
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.73
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.27
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.06
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.30
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.72
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.27
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.04
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.64
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.63
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-12800000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	30300000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-11300000	usd
	us-gaap	Net Income Loss NetIncomeLoss	44500000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43300000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	41800000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	42400000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	42100000	shares
CY2023Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2022Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	600000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	600000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	43300000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42700000	shares
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3100000	usd
CY2022Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2900000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7600000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	8500000	usd
CY2023Q3	us-gaap	Guarantee Obligations Current Carrying Value GuaranteeObligationsCurrentCarryingValue	8000000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	563500000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	621700000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1042500000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1194100000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-3600000	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	29900000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	2900000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	50300000	usd
CY2023Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-5500000	usd
CY2022Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-2100000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-8200000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-4100000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-9000000.0	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27800000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5300000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	46200000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	22600000	usd
CY2022Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	21300000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	42700000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	42400000	usd
CY2023Q3	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	21100000	usd
CY2022Q3	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	15000000.0	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	41200000	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	33200000	usd
CY2023Q3	us-gaap	Assets Assets	2075600000	usd
CY2022Q4	us-gaap	Assets Assets	1414500000	usd
CY2023Q3	us-gaap	Supplier Finance Program Obligation Current SupplierFinanceProgramObligationCurrent	29300000	usd
CY2022Q4	us-gaap	Supplier Finance Program Obligation Current SupplierFinanceProgramObligationCurrent	27400000	usd
CY2023Q3	us-gaap	Restructuring Costs RestructuringCosts	7800000	usd
CY2022Q3	us-gaap	Restructuring Costs RestructuringCosts	1200000	usd
	us-gaap	Restructuring Costs RestructuringCosts	8300000	usd
	us-gaap	Restructuring Costs RestructuringCosts	1400000	usd
CY2023Q3	us-gaap	Restructuring Reserve RestructuringReserve	6300000	usd
CY2022Q4	us-gaap	Restructuring Reserve RestructuringReserve	500000	usd
	hni	Number Of Buildings Pending Sale NumberOfBuildingsPendingSale	1	building
CY2023Q3	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q3	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0000048287-23-000189-index-headers.html	Edgar Link	pending
0000048287-23-000189-index.html	Edgar Link	pending
0000048287-23-000189.txt	Edgar Link	pending
0000048287-23-000189-xbrl.zip	Edgar Link	pending
ex311q22023.htm	Edgar Link	pending
ex312q22023.htm	Edgar Link	pending
ex321q22023.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
hni-20230701.htm	Edgar Link	pending
hni-20230701.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
hni-20230701_cal.xml	Edgar Link	unprocessable
hni-20230701_def.xml	Edgar Link	unprocessable
hni-20230701_lab.xml	Edgar Link	unprocessable
hni-20230701_pre.xml	Edgar Link	unprocessable
hni-20230701_htm.xml	Edgar Link	completed
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R76.htm	Edgar Link	pending
R77.htm	Edgar Link	pending
R78.htm	Edgar Link	pending
R79.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R80.htm	Edgar Link	pending
R81.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$HNI
HNI CORP Stock $hni

2023 Q3 Form 10-Q Financial Statement

#000004828723000189 Filed on August 08, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HNI HNI CORP Stock $hni

2023 Q3 Form 10-Q Financial Statement

#000004828723000189 Filed on August 08, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HNI
HNI CORP Stock $hni