RECONCILIATION OF PREVIOUSLY REPORTED AMOUNTS TO AMOUNTS AS RESTATED RECONCILIATION OF PREVIOUSLY REPORTED AMOUNTS TO AMOUNTS AS RESTATED (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Changes and Error Corrections [Abstract]

Effects of Restatements on Consolidated Financial Statements

The following information reconciles the Company's previously reported information with as restated amounts for quarterly periods ending between March 31, 2013 and September 30, 2014. Refer to Notes 2 and 15 for additional information regarding the restatement of previously reported financial information.

	Three months ended									Three months ended
	March 31, 2014									March 31, 2013
	(dollars in thousands)
Consolidated Statements of Operations	As previously reported			Correction of prior period misstatements			As restated			As previously reported			Correction of prior period misstatements			As restated
Sales	$	229,331		$	270		$	229,601		$	200,586		$	—		$	200,586
Cost of sales	152,856			147			153,003			136,959			(250		)	136,709
Gross profit	76,475			123			76,598			63,627			250			63,877
Selling, general, and administrative expenses	64,650			72			64,722			53,333			396			53,729
Restructuring charges	—			592			592			—			—			—
Operating profit	11,825			(541		)	11,284			10,294			(146		)	10,148
Interest expense	1,671			—			1,671			1,495			—			1,495
Other (income) expense, net	(2,504		)	—			(2,504		)	(1,291		)	—			(1,291		)
Income before income tax expense	12,658			(541		)	12,117			10,090			(146		)	9,944
Income tax expense	4,466			(181		)	4,285			4,016			(467		)	3,549
Net earnings	8,192			(360		)	7,832			6,074			321			6,395
Net earnings attributable to noncontrolling interests	6			—			6			—			—			—
Net earnings attributable to Knoll, Inc. stockholders	$	8,186		$	(360	)	$	7,826		$	6,074		$	321		$	6,395
Earnings per share:
Basic	$	0.17		$	—		$	0.17		$	0.13		$	0.01		$	0.14
Diluted	$	0.17		$	(0.01	)	$	0.16		$	0.13		$	—		$	0.13

23. QUARTERLY RESULTS (UNAUDITED) (continued)

	Three months ended								Three months ended
	June 30, 2014								June 30, 2013
	(dollars in thousands)
Consolidated Statements of Operations	As previously reported			Correction of prior period misstatements		As restated			As previously reported			Correction of prior period misstatements			As restated
Sales	$	265,797		$	146	$	265,943		$	214,312		$	—		$	214,312
Cost of sales	168,594			75		168,669			144,431			—			144,431
Gross profit	97,203			71		97,274			69,881			—			69,881
Selling, general, and administrative expenses	74,805			28		74,833			57,473			(197		)	57,276
Restructuring charges	203			—		203			—			—			—
Operating profit	22,195			43		22,238			12,408			197			12,605
Interest expense	1,944			—		1,944			1,517			—			1,517
Other (income) expense, net	2,700			—		2,700			(2,206		)	—			(2,206		)
Income before income tax expense	17,551			43		17,594			13,097			197			13,294
Income tax expense	6,712			41		6,753			5,209			272			5,481
Net earnings	10,839			2		10,841			7,888			(75		)	7,813
Net losses attributable to noncontrolling interests	(14		)	—		(14		)	—			—			—
Net earnings attributable to Knoll, Inc. stockholders	$	10,853		$	2	$	10,855		$	7,888		$	(75	)	$	7,813
Earnings per share:
Basic	$	0.23		$	—	$	0.23		$	0.17		$	—		$	0.17
Diluted	$	0.23		$	—	$	0.23		$	0.17		$	(0.01	)	$	0.16

23. QUARTERLY RESULTS (UNAUDITED) (continued)

	Three months ended									Three months ended
	September 30, 2014									September 30, 2013
	(dollars in thousands)
Consolidated Statements of Operations	As previously reported			Correction of prior period misstatements			As restated			As previously reported		Correction of prior period misstatements			As restated
Sales	$	268,297		$	—		$	268,297		$	216,898	$	—		$	216,898
Cost of sales	173,335			—			173,335			144,559		—			144,559
Gross profit	94,962			—			94,962			72,339		—			72,339
Selling, general, and administrative expenses	71,647			—			71,647			55,288		197			55,485
Operating profit	23,315			—			23,315			17,051		(197		)	16,854
Interest expense	1,899			—			1,899			1,484		—			1,484
Other (income) expense, net	(3,294		)	—			(3,294		)	2,224		—			2,224
Income before income tax expense	24,710			—			24,710			13,343		(197		)	13,146
Income tax expense	9,088			25			9,113			4,793		123			4,916
Net earnings	15,622			(25		)	15,597			8,550		(320		)	8,230
Net losses attributable to noncontrolling interests	(31		)	—			(31		)	—		—			—
Net earnings attributable to Knoll, Inc. stockholders	$	15,653		$	(25	)	$	15,628		$	8,550	$	(320	)	$	8,230
Earnings per share:
Basic	$	0.33		$	—		$	0.33		$	0.18	$	—		$	0.18
Diluted	$	0.33		$	—		$	0.33		$	0.18	$	(0.01	)	$	0.17

23. QUARTERLY RESULTS (UNAUDITED) (continued)

	Three months ended
	December 31, 2013
	(dollars in thousands)
Consolidated Statements of Operations	As previously reported			Correction of prior period misstatements			As restated
Sales	$	230,872		$	(416	)	$	230,456
Cost of sales	156,443			(222		)	156,221
Gross profit	74,429			(194		)	74,235
Selling, general, and administrative expenses	58,525			(100		)	58,425
Restructuring charges	5,696			(592		)	5,104
Intangible asset impairment charge	8,900			—			8,900
Operating profit	1,308			498			1,806
Interest expense	1,445			—			1,445
Other (income) expense, net	(2,157		)	—			(2,157		)
Income before income tax expense	2,020			498			2,518
Income tax expense	1,386			386			1,772
Net earnings	634			112			746
Net losses attributable to noncontrolling interests	—			—			—
Net earnings attributable to Knoll, Inc. stockholders	$	634		$	112		$	746
Earnings per share:
Basic	$	0.01		$	0.01		$	0.02
Diluted	$	0.01		$	0.01		$	0.02

The impacts of these changes on selected financial statement amounts within our consolidated financial statements as of December 31, 2013 and for the years ended December 31, 2013 and 2012 are summarized below:

	December 31, 2013									December 31, 2012
Consolidated Statements of Operations and Comprehensive Income	As previously reported			Correction of prior period misstatements			As restated			As previously reported			Correction of prior period misstatements			As restated
	(in thousands, except per share data)
Sales	$	862,668		$	(416	)	$	862,252		$	887,499		$	10,997		$	898,496
Cost of sales	582,393			(473		)	581,920			593,149			7,453			600,602
Gross profit	280,275			57			280,332			294,350			3,544			297,894
Selling, general, and administrative expenses	224,619			296			224,915			206,449			(27		)	206,422
Restructuring and other charges	5,696			(592		)	5,104			—			—			—
Intangible asset impairment charge	8,900			—			8,900			—			—			—
Operating profit	41,060			353			41,413			87,901			3,571			91,472
Interest expense	5,941			—			5,941			6,350			—			6,350
Other (income) expense, net	(3,430		)	—			(3,430		)	3,215			—			3,215
Income before income tax expense	38,549			353			38,902			78,336			3,571			81,907
Income tax expense	15,403			315			15,718			28,335			2,049			30,384
Net earnings	$	23,146		$	38		$	23,184		$	50,001		$	1,522		$	51,523
Earnings per share:
Basic	$	0.49		$	—		$	0.49		$	1.07		$	0.03		$	1.10
Diluted	$	0.49		$	—		$	0.49		$	1.06		$	0.03		$	1.09
Net earnings	$	23,146		$	38		$	23,184		$	50,001		$	1,522		$	51,523
Other comprehensive income (loss):
Pension and other postretirement liability adjustment, net of tax	36,729			—			36,729			(12,358		)	—			(12,358		)
Foreign currency translation adjustment	(5,947		)	1,133			(4,814		)	1,981			(515		)	1,466
Total other comprehensive income (loss), net of tax	30,782			1,133			31,915			(10,377		)	(515		)	(10,892		)
Total comprehensive income	$	53,928		$	1,171		$	55,099		$	39,624		$	1,007		$	40,631

24. RECONCILIATION OF PREVIOUSLY REPORTED AMOUNTS TO AMOUNTS AS RESTATED (continued)

	December 31, 2013
Consolidated Balance Sheet	As previously reported		Correction of prior period misstatements			As restated
	(dollars in thousands)
ASSETS
Cash and cash equivalents	$	12,026	$	—		$	12,026
Customer receivables, net	104,171		(416		)	103,755
Inventories	96,449		222			96,671
Deferred income taxes	11,408		(1,378		)	10,030
Prepaid and other current assets	12,145		—			12,145
Total current assets	236,199		(1,572		)	234,627
Property, plant, and equipment, net	137,893		—			137,893
Goodwill	79,951		—			79,951
Intangible assets, net	214,695		—			214,695
Other non-trade receivables	4,250		—			4,250
Other noncurrent assets	4,346		—			4,346
Total Assets	$	677,334	$	(1,572	)	$	675,762
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	91,378	$	—		$	91,378
Income taxes payable	249		189			438
Other current liabilities	76,676		(692		)	75,984
Total current liabilities	168,303		(503		)	167,800
Long-term debt	173,000		—			173,000
Deferred income taxes	75,670		(613		)	75,057
Postretirement benefits other than pensions	8,908		—			8,908
Pension liability	5,615		—			5,615
Other noncurrent liabilities	17,396		4,159			21,555
Total liabilities	448,892		3,043			451,935
Equity:
Common stock	483		—			483
Additional paid-in capital	37,258		—			37,258
Retained earnings	184,799		(3,850		)	180,949
Accumulated other comprehensive income (loss)	5,902		(765		)	5,137
Total equity	228,442		(4,615		)	223,827
Total Liabilities and Equity	$	677,334	$	(1,572	)	$	675,762

24. RECONCILIATION OF PREVIOUSLY REPORTED AMOUNTS TO AMOUNTS AS RESTATED (continued)

	As previously reported			Correction of prior period misstatements			As restated
	(dollars in thousands)
Retained earnings:
Retained earnings— December 31, 2011	$	155,818		$	(5,410	)	$	150,408
Net earnings	50,001			1,522			51,523
Cash dividend ($0.44 per share)	(21,069		)	—			(21,069		)
Retained Earnings— December 31, 2012	184,750			(3,888		)	180,862
Net earnings	23,146			38			23,184
Cash dividend ($0.48 per share)	(23,097		)	—			(23,097		)
Retained Earnings— December 31, 2013	$	184,799		$	(3,850	)	$	180,949
Accumulated other comprehensive income (loss):
Accumulated other comprehensive income (loss)— December 31, 2011	$	(14,503	)	$	(1,383	)	$	(15,886	)
Other comprehensive loss	(10,377		)	(515		)	(10,892		)
Accumulated other comprehensive income (loss)— December 31, 2012	(24,880		)	(1,898		)	(26,778		)
Other comprehensive income	30,782			1,133			31,915
Accumulated other comprehensive income (loss)— December 31, 2013	$	5,902		$	(765	)	$	5,137

24. RECONCILIATION OF PREVIOUSLY REPORTED AMOUNTS TO AMOUNTS AS RESTATED (continued)

	December 31, 2013									December 31, 2012
Consolidated Statements of Cash Flows	As previously reported			Correction of prior period misstatements			As restated			As previously reported			Correction of prior period misstatements			As restated
	(dollars in thousands)
Cash Flows from Operating Activities
Net earnings	$	23,146		$	38		$	23,184		$	50,001		$	1,522		$	51,523
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	14,727			—			14,727			14,632			—			14,632
Amortization expense (including deferred financing fees)	1,634			—			1,634			1,915			—			1,915
Provision for deferred taxes	3,532			(3		)	3,529			4,393			—			4,393
Write-off of deferred financing fees	—			—			—			477			—			477
Unrealized foreign currency (gains) losses	(4,578		)	—			(4,578		)	1,338			—			1,338
Stock-based compensation	10,473			—			10,473			10,356			—			10,356
Intangible asset impairment charge	8,900			—			8,900			—			—			—
Other non-cash items	153			—			153			(412		)	—			(412		)
Changes in assets and liabilities, net of effects of acquisitions:
Customer receivables	2,039			416			2,455			20,131			(10,997		)	9,134
Inventories	1,431			(473		)	958			(7,512		)	8,531			1,019
Accounts payable	6,204			—			6,204			(563		)	(1,078		)	(1,641		)
Current income taxes	15,345			318			15,663			(15,831		)	2,049			(13,782		)
Other current assets	414			—			414			(3,920		)	—			(3,920		)
Other current liabilities	(7,827		)	(296		)	(8,123		)	815			(27		)	788
Other noncurrent assets and liabilities	(20,979		)	—			(20,979		)	(5,252		)	—			(5,252		)
Cash provided by operating activities	54,614			—			54,614			70,568			—			70,568
Cash provided by (used in) investing activities	(29,379		)	—			(29,379		)	(23,001		)	—			(23,001		)
Cash used in financing activities	(43,508		)	—			(43,508		)	(45,791		)	—			(45,791		)
Effect of exchange rate changes on cash and cash equivalents	343			—			343			(83		)	—			(83		)
Net increase (decrease) in cash and cash equivalents	(17,930		)	—			(17,930		)	1,693			—			1,693
Cash and cash equivalents at beginning of year	29,956			—			29,956			28,263			—			28,263
Cash and cash equivalents at end of year	$	12,026		$	—		$	12,026		$	29,956		$	—		$	29,956