EARNINGS PER SHARE

9 Months Ended

Sep. 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 vesting of 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,
	2017		2016		2017		2016
Numerator:
Net earnings attributable to Knoll, Inc. stockholders	$	19,132	$	21,607	$	47,470	$	60,642

Denominator:
Denominator for basic earnings per shares - weighted-average shares	48,468		48,054		48,407		48,000
Effect of dilutive securities:
Potentially dilutive shares resulting from stock plans	511		792		761		766
Denominator for diluted earnings per share - weighted-average shares	48,979		48,846		49,168		48,766
Antidilutive equity awards not included in weighted-average common shares—diluted	34		8		15		43

Net earnings per common share attributable to Knoll, Inc. stockholders:
Basic	$	0.39	$	0.45	$	0.98	$	1.26
Diluted	$	0.39	$	0.44	$	0.96	$	1.24