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QUARTERLY RESULTS (UNAUDITED)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS (UNAUDITED)
QUARTERLY RESULTS (UNAUDITED)
The following tables contain selected unaudited Consolidated Statements of Operations and Comprehensive Income data for each quarter for the years ended December 31, 2015 and 2014. The operating results for any quarter are not necessarily indicative of results for any future period. The quarterly results are as follows (in thousands):
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Fiscal
Year
 
 
2015
 
 
 
 
 
 
 
 
 
 
 
Sales
$
266,498

 
$
268,622

 
$
263,588

 
$
305,734

 
$
1,104,442

 
 
Gross profit
95,309

 
101,191

 
101,207

 
114,425

 
412,132

 
 
Net earnings
17,435

 
17,222

 
17,861

 
13,430

 
65,948

 
(1) 
Net earnings attributable to Knoll, Inc. stockholders
17,443

 
17,239

 
17,833

 
13,448

 
65,963

 
(1) 
Earnings per share—Basic
$
0.37

 
$
0.36

 
$
0.37

 
$
0.28

 
$
1.38

 
 
Earnings per share—Diluted
$
0.36

 
$
0.36

 
$
0.37

 
$
0.28

 
$
1.36

 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
  
Sales
$
229,601

 
$
265,943

 
$
268,297

 
$
286,453

 
$
1,050,294

 

Gross profit
76,598

 
97,274

 
94,962

 
102,850

 
371,685

 

Net earnings
7,832

 
10,841

 
15,597

 
12,316

 
46,585

 
(2) 
Net earnings attributable to Knoll, Inc. stockholders
7,826

 
10,855

 
15,628

 
12,288

 
46,596

 
(2) 
Earnings per share—Basic
$
0.17

 
$
0.23

 
$
0.33

 
$
0.26

 
$
0.98

 
 
Earnings per share—Diluted
$
0.16

 
$
0.23

 
$
0.33

 
$
0.26

 
$
0.97

 
 
_______________________________________________________________________________
(1) During 2015, the Company recorded $0.9 million of pre-tax restructuring charges. These charges of $0.4 million and $0.5 million were incurred in the third and fourth quarters of 2015, respectively. Additionally, during the fourth quarter of 2015, the Company recorded an intangible asset impairment charge of $10.7 million.
(2) During 2014, the Company recorded $1.5 million of pre-tax restructuring charges. These charges were incurred in the first, second, and fourth quarters of 2014 and were $0.6 million, $0.2 million, and $0.7 million, respectively. Additionally, during the fourth quarter of 2014, the Company recorded pension settlement and OPEB curtailment charges of $6.5 million.