XML 77 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITES      
Net earnings $ 46,585us-gaap_NetIncomeLoss $ 23,184us-gaap_NetIncomeLoss $ 51,523us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to cash provided by operating activities:      
Depreciation 16,327us-gaap_Depreciation 14,727us-gaap_Depreciation 14,632us-gaap_Depreciation
Amortization expense (including deferred financing fees) 3,715us-gaap_AmortizationOfDeferredCharges 1,634us-gaap_AmortizationOfDeferredCharges 1,915us-gaap_AmortizationOfDeferredCharges
Provision for deferred taxes (269)us-gaap_DeferredIncomeTaxExpenseBenefit 3,529us-gaap_DeferredIncomeTaxExpenseBenefit 4,393us-gaap_DeferredIncomeTaxExpenseBenefit
Write-off of deferred financing fees 347us-gaap_WriteOffOfDeferredDebtIssuanceCost 0us-gaap_WriteOffOfDeferredDebtIssuanceCost 477us-gaap_WriteOffOfDeferredDebtIssuanceCost
Unrealized foreign currency (gains) losses (6,640)us-gaap_ForeignCurrencyTransactionGainLossUnrealized (4,578)us-gaap_ForeignCurrencyTransactionGainLossUnrealized 1,338us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Stock-based compensation 8,062us-gaap_ShareBasedCompensation 10,473us-gaap_ShareBasedCompensation 10,356us-gaap_ShareBasedCompensation
Intangible asset impairment charge 0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 8,900us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
Other non-cash items 466us-gaap_OtherNoncashIncomeExpense 153us-gaap_OtherNoncashIncomeExpense (412)us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities, net of effects of acquisitions:      
Customer receivables (11,224)us-gaap_IncreaseDecreaseInAccountsReceivable 2,455us-gaap_IncreaseDecreaseInAccountsReceivable 9,134us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (21,302)us-gaap_IncreaseDecreaseInInventories 958us-gaap_IncreaseDecreaseInInventories 1,019us-gaap_IncreaseDecreaseInInventories
Accounts payable 23,002us-gaap_IncreaseDecreaseInAccountsPayable 6,204us-gaap_IncreaseDecreaseInAccountsPayable (1,641)us-gaap_IncreaseDecreaseInAccountsPayable
Current income taxes (5,528)knl_IncreaseDecreaseinCurrentandDeferredIncomeTaxes 15,663knl_IncreaseDecreaseinCurrentandDeferredIncomeTaxes (13,782)knl_IncreaseDecreaseinCurrentandDeferredIncomeTaxes
Other current assets (3,601)us-gaap_IncreaseDecreaseInOtherCurrentAssets 414us-gaap_IncreaseDecreaseInOtherCurrentAssets (3,920)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Other current liabilities (6,971)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities (8,123)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities 788us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Other noncurrent assets and liabilities 45,258us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet (20,979)us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet (5,252)us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
Cash provided by operating activities 88,227us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 54,614us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 70,568us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures, net (41,586)us-gaap_PaymentsToAcquireProductiveAssets (29,064)us-gaap_PaymentsToAcquireProductiveAssets (16,545)us-gaap_PaymentsToAcquireProductiveAssets
Purchase of business, net of cash acquired (93,349)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (5,968)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Purchase of licenses (315)us-gaap_PaymentsToAcquireIntangibleAssets (315)us-gaap_PaymentsToAcquireIntangibleAssets (488)us-gaap_PaymentsToAcquireIntangibleAssets
Cash used in investing activities (135,250)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (29,379)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (23,001)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from credit facility 789,000us-gaap_ProceedsFromLinesOfCredit 281,000us-gaap_ProceedsFromLinesOfCredit 562,000us-gaap_ProceedsFromLinesOfCredit
Repayment of credit facility (704,000)us-gaap_RepaymentsOfLinesOfCredit (301,000)us-gaap_RepaymentsOfLinesOfCredit (581,000)us-gaap_RepaymentsOfLinesOfCredit
Payment of financing fees (1,938)us-gaap_PaymentsOfFinancingCosts (13)us-gaap_PaymentsOfFinancingCosts (2,848)us-gaap_PaymentsOfFinancingCosts
Payment of dividends (22,742)us-gaap_PaymentsOfDividendsCommonStock (22,529)us-gaap_PaymentsOfDividendsCommonStock (20,537)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from the issuance of common stock 4,914us-gaap_ProceedsFromIssuanceOfCommonStock 4,029us-gaap_ProceedsFromIssuanceOfCommonStock 1,091us-gaap_ProceedsFromIssuanceOfCommonStock
Purchase of common stock for treasury (8,974)us-gaap_PaymentsForRepurchaseOfCommonStock (5,638)us-gaap_PaymentsForRepurchaseOfCommonStock (4,676)us-gaap_PaymentsForRepurchaseOfCommonStock
Tax benefit from the exercise of stock options and vesting of equity awards 1,005us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 643us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 179us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cash provided by (used in) financing activities 57,265us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (43,508)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (45,791)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (3,247)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 343us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations (83)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Net increase (decrease) in cash and cash equivalents 6,995us-gaap_NetCashProvidedByUsedInContinuingOperations (17,930)us-gaap_NetCashProvidedByUsedInContinuingOperations 1,693us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of year 12,026us-gaap_CashAndCashEquivalentsAtCarryingValue 29,956us-gaap_CashAndCashEquivalentsAtCarryingValue 28,263us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 19,021us-gaap_CashAndCashEquivalentsAtCarryingValue $ 12,026us-gaap_CashAndCashEquivalentsAtCarryingValue $ 29,956us-gaap_CashAndCashEquivalentsAtCarryingValue