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Hni Corp (HNI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, January 2, 2016

Hni Corp

CIK: 48287 Ticker: HNI


HNI Corporation 408 East Second Street, Muscatine, Iowa 52761, Tel 563 272 7400, Fax 563 272 7347, www.hnicorp.com

News Release
                                    
For Information Contact:
Kurt A. Tjaden, Senior Vice President and Chief Financial Officer (563) 272-7400

HNI CORPORATION REPORTS
STRONG EARNINGS GROWTH
FOR FOURTH QUARTER AND FISCAL YEAR 2015

Fourth Quarter Highlights
Non-GAAP net income per share increased 40 percent to $0.91 on a sales decrease of 7.7 percent; GAAP net income per share $0.71
Non-GAAP gross profit increased 220 basis points; GAAP gross profit increased 240 basis points

Fiscal Year Highlights
Non-GAAP net income per share increased 31 percent to $2.58 on a sales increase of 3.7 percent; GAAP net income per share $2.32
Non-GAAP gross profit increased 130 basis points; GAAP gross profit increased 150 basis points

MUSCATINE, Iowa (FEBRUARY 10, 2016) – HNI Corporation (NYSE: HNI) today announced sales for the fourth quarter ended January 2, 2016, of $596.9 million and net income of $32.2 million, or $0.71 per diluted share. Non-GAAP net income per diluted share improved 40 percent from the prior year quarter to $0.91, which excludes restructuring, goodwill and intangible impairment and transition costs.

Fourth Quarter and Year End Summary Comments
“We delivered double digit earnings growth in the fourth quarter despite a challenging economic environment. I'm pleased with our results in 2015 and the strong profit growth we've delivered over the last several years of modest economic recovery.  We continue to compete well in our markets.  We remain focused on executing operational performance improvements and reducing structural costs to drive long-term shareholder value," said Stan Askren, HNI Corporation Chairman, President and Chief Executive Officer.



The following information was filed by Hni Corp (HNI) on Thursday, February 11, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Hni Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Accounts Payable And Accrued Expenses
Accounts Payable And Accrued Expenses (details)
Accounts Payable And Accrued Expenses (tables)
Business Combinations
Business Combinations (details)
Fair Value Measurements Of Financial Instruments
Fair Value Measurements Of Financial Instruments (details)
Fair Value Measurements Of Financial Instruments (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (goodwill) (details)
Goodwill And Other Intangible Assets (narrative) (details)
Goodwill And Other Intangible Assets (other Intangible Assets) (details)
Goodwill And Other Intangible Assets (tables)
Guarantees, Commitments And Contingencies
Guarantees, Commitments And Contingencies (details)
Income Taxes
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (effective Income Tax Rate Reconciliation) (details)
Income Taxes (narrative) (details)
Income Taxes (provision For Income Taxes) (details)
Income Taxes (tables)
Income Taxes (unrecognized Tax Benefits) (details)
Income Taxes Income Taxes (valuation Allowance For Deferred Tax Asset) (details)
Inventories
Inventories (details)
Inventories (tables)
Investor Information
Investor Information (details)
Investor Information (tables)
Leases
Leases (details)
Leases (tables)
Long-term Debt
Long-term Debt (details)
Long-term Debt (tables)
Nature Of Operations
Nature Of Operations Nature Of Operations - Narrative (details)
Postretirement Health Care
Postretirement Health Care (components Of Net Periodic Postretirement Benefit Cost For 2013) (details)
Postretirement Health Care (estimated Future Benefit Payments) (details)
Postretirement Health Care (narrative) (details)
Postretirement Health Care (schedule Of Cost Of Retirement Plans) (details)
Postretirement Health Care (tables)
Property, Plant, And Equipment
Property, Plant, And Equipment (details)
Property, Plant, And Equipment (tables)
Reportable Segment Information
Reportable Segment Information (business Segment Information) (details)
Reportable Segment Information (net Sales By Product Category) (details)
Reportable Segment Information (tables)
Restructuring And Impairment Charges
Restructuring And Impairment Charges (details)
Restructuring And Impairment Charges (schedule Of Restructuring Reserve By Type Of Cost) (details)
Restructuring And Impairment Charges (tables)
Retirement Benefits
Retirement Benefits (details)
Shareholders' Equity
Shareholders' Equity (accumulated Other Comprehensive Loss) (details)
Shareholders' Equity (common And Preferred Stocks) (details)
Shareholders' Equity (dividends Declared And Paid Per Share) (details)
Shareholders' Equity (narrative) (details)
Shareholders' Equity (reclassifications From Accumulated Other Comprehensive Income (loss)) (details)
Shareholders' Equity (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
Stock-based Compensation (nonvested Shares Activity) (details)
Stock-based Compensation (other Information) (details)
Stock-based Compensation (outstanding Stock Option And Rsus Activity) (details)
Stock-based Compensation (stock Option Vested Or Expected To Vest And Are Exercisable) (details)
Stock-based Compensation (tables)
Stock-based Compensation (valuation Assumptions) (details)
Subsequent Events
Subsequent Events (details)
Summary Of Quarterly Results Of Operations (unaudited)
Summary Of Quarterly Results Of Operations (unaudited) (details)
Summary Of Quarterly Results Of Operations (unaudited) (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (cash, Cash Equivalents And Investments) (details)
Summary Of Significant Accounting Policies (earnings Per Share) (details)
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (product Warranties) (details)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (allowance For Doubtful Accounts) (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (cash Payments For Interest And Income Taxes) (details)
Supplemental Cash Flow Information (tables)
Ticker: HNI
CIK: 48287
Form Type: 10-K Annual Report
Accession Number: 0000048287-16-000053
Submitted to the SEC: Mon Feb 29 2016 1:58:30 PM EST
Accepted by the SEC: Mon Feb 29 2016
Period: Saturday, January 2, 2016
Industry: Office Furniture No Wood

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