ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015

Business Combination, Pro Forma Information, Revenue and Earnings or Loss of Acquiree since Acquisition Date, Actual

The amount of sales and net earnings that resulted from the acquisition and attributable to Knoll, Inc. stockholders included in the consolidated statements of operations and comprehensive income during the twelve months ended December 31, 2014 were as follows (in thousands):



Sales	$	102,572
Net earnings attributable to Knoll, Inc. stockholders	$	6,291

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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



Working Capital ⁽¹⁾	$	14,376
Property, plant and equipment	5,995
Intangible assets	41,786
Contingent consideration	(16,000		)
Noncontrolling interests	(218		)
Other liabilities	(604		)
Fair value of net acquired identifiable assets and liabilities	$	45,335

Purchase Price	$	95,000
Less: Fair value of net acquired identifiable assets and liabilities	45,335
Goodwill	$	49,665

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

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the 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

Business Acquisitions, Acquisition Related Cost

The Company recorded acquisition costs in its consolidated statements of operations and comprehensive income, within selling, general, and administrative expenses during the year ended December 31, 2014 as follows (in thousands):



Accounting and legal fees	$	435
Other	275
Total	$	710

Business Acquisition, Pro Forma 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):



	Years Ended December 31,
	2014		2013
Pro forma sales	$	1,058,115	$	956,795
Pro forma net earnings attributable to Knoll, Inc. stockholders	$	47,079	$	25,450