ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2014

Amount of net sales and net earnings attributable to Knoll, Inc. stockholders included in the condensed consolidated statement of operations and comprehensive income

The amount of net sales and net earnings that resulted from the acquisition and attributable to Knoll, Inc. stockholders included in the condensed consolidated statements of operations and comprehensive income during the three and nine months ended September 30, 2014 were as follows (in thousands):



	Three months ended September 30, 2014		Nine months ended September 30, 2014
Net sales	$	29,495	$	74,004
Net earnings attributable to Knoll, Inc. stockholders	$	1,725	$	4,833

Preliminary fair values assigned to the assets acquired and liabilities assumed

The following table summarizes the preliminary fair values assigned to the assets acquired and liabilities assumed as of the February 3, 2014 acquisition date (in thousands):



Working Capital (1)	$	14,939
Property, plant and equipment	5,995
Intangible assets	41,786
Contingent consideration	(16,000		)
Noncontrolling interests	(218		)
Other liabilities	(604		)
Fair value of acquired identifiable assets and liabilities	$	45,898

Purchase Price	$	95,000
Less: Fair value of acquired identifiable assets and liabilities	45,898
Goodwill	$	49,102

(1) Working capital accounts include cash, customer receivables, inventories, prepaid expenses and other current assets, accounts payable, and other current liabilities

Preliminary fair value of intangible assets

The following table summarizes the preliminary fair value of intangible assets as of the acquisition date (in thousands):



	Fair Value		Weighted-Average Useful Life
Intangible assets:
Tradename	$	23,479	Indefinite
Non-competition Agreements	2,440		4
Customer Relationships	15,867		10
Total intangible assets	$	41,786

Acquisition costs recorded in condensed consolidated statement of operations and comprehensive income

The Company recorded acquisition costs in its condensed consolidated statement of operations and comprehensive income, within selling, general, and administrative expenses during the nine months ended September 30, 2014 as follows (in thousands):



	Nine months ended September 30, 2014
Accounting and legal fees	$	435
Other	275
Total	$	710

Pro forma summary financial information

The following unaudited pro forma summary financial information presents the operating results of the combined company, assuming the acquisition had occurred as of January 1, 2013 (in thousands):



	Three months ended September 30, 2013		Nine months ended September 30, 2014		Nine months ended September 30, 2013
Pro forma net sales	$	240,428	$	771,246	$	699,994
Pro forma net earnings attributable to Knoll, Inc stockholders	$	8,954	$	35,176	$	23,988