HNI CORP Fair Value Disclosure
| 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) | ||||||||||||||||||||
| Balance as of January 3, 2026 | |||||||||||||||||||||||
| Cash and cash equivalents (including money market funds) (1) | $ | 209.2 | $ | 209.2 | $ | — | $ | — | |||||||||||||||
| Restricted Cash (3) | $ | 8.8 | $ | 8.8 | $ | — | $ | — | |||||||||||||||
| Mutual funds (3) | $ | 11.7 | $ | 11.7 | $ | — | $ | — | |||||||||||||||
| Government securities (3) | $ | 7.0 | $ | — | $ | 7.0 | $ | — | |||||||||||||||
| Corporate bonds (3) | $ | 6.5 | $ | — | $ | 6.5 | $ | — | |||||||||||||||
| Foreign exchange forward contracts - assets (2) | $ | 2.2 | $ | — | $ | 2.2 | $ | — | |||||||||||||||
| Auction Rate Security (3) | $ | 2.7 | $ | — | $ | — | $ | 2.7 | |||||||||||||||
| $ | (2.0) | $ | — | $ | (2.0) | $ | — | ||||||||||||||||
| Foreign exchange forward contracts - liabilities (4) | $ | (0.4) | $ | — | $ | (0.4) | $ | — | |||||||||||||||
| Put option liability (5) | $ | (5.6) | $ | — | $ | — | $ | (5.6) | |||||||||||||||
| Balance as of December 28, 2024 | |||||||||||||||||||||||
| Cash and cash equivalents (including money market funds) (1) | $ | 20.2 | $ | 20.2 | $ | — | $ | — | |||||||||||||||
| Restricted Cash (3) | $ | 2.4 | $ | 2.4 | $ | — | $ | — | |||||||||||||||
| Mutual funds (3) | $ | 11.6 | $ | 11.6 | $ | — | $ | — | |||||||||||||||
| Government securities (3) | $ | 6.1 | $ | — | $ | 6.1 | $ | — | |||||||||||||||
| Corporate bonds (3) | $ | 7.8 | $ | — | $ | 7.8 | $ | — | |||||||||||||||
| $ | (1.5) | $ | — | $ | (1.5) | $ | — | ||||||||||||||||
| Put option liability (5) | $ | (5.9) | $ | — | $ | — | $ | (5.9) | |||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 3, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Mar 1, 2022 | |
| 2021 | Mar 2, 2021 | |
| 2019 | Feb 25, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 29, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.