EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2017

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 June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Numerator:
Net earnings attributable to Knoll, Inc. stockholders	$	12,938	$	21,635	$	28,338	$	39,035

Denominator:
Denominator for basic earnings per shares - weighted-average shares	48,465		48,019		48,375		47,962
Effect of dilutive securities:
Potentially dilutive shares resulting from stock plans	912		814		920		752
Denominator for diluted earnings per share - weighted-average shares	49,377		48,833		49,295		48,714
Antidilutive equity awards not included in weighted-average common shares—diluted	—		—		12		—

Net earnings per common share attributable to Knoll, Inc. stockholders:
Basic	$	0.27	$	0.45	$	0.59	$	0.81
Diluted	$	0.26	$	0.44	$	0.57	$	0.80