COMMON STOCK AND EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

COMMON STOCK AND EARNINGS PER SHARE

COMMON STOCK AND EARNINGS PER SHARE

Basic earnings per share excludes the dilutive effect of common shares that could potentially be issued due to the exercise of stock options and unvested restricted stock and restricted stock units, and is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share includes the effect of shares and potential shares and units issued under the stock incentive plans. The following table sets forth the reconciliation from basic to dilutive average common shares (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2016			2015		2016			2015
Numerator:
Net earnings attributable to Knoll, Inc. stockholders	$	21,607		$	17,833	$	60,642		$	52,515
Denominator:
Denominator for basic earnings per share - weighted-average shares	48,054			47,764		48,000			47,725
Effect of dilutive securities:
Potentially dilutive shares resulting from stock plans	792			724		766			716
Denominator for diluted earnings per share - weighted-average shares	48,846			48,488		48,766			48,441
Antidilutive equity awards not included in weighted-average common shares—diluted	(8		)	—		(43		)	—
Net earnings per common share attributable to Knoll, Inc. stockholders:
Basic	$	0.45		$	0.37	$	1.26		$	1.10
Diluted	$	0.44		$	0.37	$	1.24		$	1.08