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HNI HNI Workplace furnishings — Inventory step-up
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Where this comes from
Reported directly by HNI in its filing.
Tagged under the XBRL concept us-gaap:BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory.
The source filing: HNI’s 10-Q, filed May 6, 2026.
- Filed
- May 6, 2026, 5:28 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000048287-26-000100
primarily due to provisional valuation adjustments to: intangible assets (increased $276.0 million), inventory (increased $31.3 million), net deferred tax (increased $37.2 million), property, plant, and equipment (decreased $71.0 million), and other assets (decreased $85.2 million).
Item 1. Financial Statements
FAQ
- What is HNI's workplace furnishings — inventory step-up?
- HNI (HNI) reported workplace furnishings — inventory step-up of $31.3M in Q1 2026.
- What does workplace furnishings — inventory step-up mean?
- This represents the increase in the carrying value of acquired inventory to its fair value at the date of acquisition. This accounting adjustment typically impacts the cost of goods sold as the inventory is subsequently sold, affecting short-term segment profitability.
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