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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Net Cash Flows From (To) Operating Activities:    
Net income $ 32,329 $ 20,681
Noncash items included in net income:    
Depreciation and amortization 27,795 26,952
Other postretirement and post employment benefits 881 620
Stock-based compensation 6,262 4,752
Excess tax benefits from stock compensation (1,552) (144)
Deferred income taxes 3,437 1,550
(Gain) loss on sale, retirement and impairment of long-lived assets and intangibles, net 183 (581)
Other – net 2,012 1,255
Net increase (decrease) in operating assets and liabilities (106,618) (62,432)
Increase (decrease) in other liabilities 3,367 355
Net cash flows from (to) operating activities (31,904) (6,992)
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (33,732) (34,710)
Proceeds from sale of property, plant and equipment 124 13,588
Capitalized software (16,150) (16,412)
Purchase of investments (798) (798)
Sales or maturities of investments 1,550 4,770
Net cash flows from (to) investing activities (49,006) (33,562)
Net Cash Flows From (To) Financing Activities:    
Proceeds from sales of HNI Corporation common stock 10,457 3,143
Withholdings related to net share settlements of equity based awards (171) (79)
Purchase of HNI Corporation common stock (15,203) (13,051)
Proceeds from note and long-term debt 347,929 100,473
Payments of note and long-term debt and other financing (241,467) (63,787)
Excess tax benefits from stock compensation 1,552 144
Dividends paid (22,893) (22,041)
Net cash flows from (to) financing activities 80,204 4,802
Net increase (decrease) in cash and cash equivalents (706) (35,752)
Cash and cash equivalents at beginning of period 34,144 65,030
Cash and cash equivalents at end of period $ 33,438 $ 29,278