XML 38 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of certain financial information related to segments
The tables below present the Company’s segment information with Corporate costs excluded from reporting segment results. Prior year amounts have been recast to conform to the current presentation (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
SALES
 
 
 
 
 
 
 
Office
$
181,168

 
$
185,764

 
$
484,042

 
$
550,390

Studio
83,186

 
79,829

 
250,298

 
239,985

Coverings
26,902

 
26,504

 
82,430

 
81,051

Knoll, Inc. 
$
291,256

 
$
292,097

 
$
816,770

 
$
871,426

INTERSEGMENT SALES (1)
 
 
 
 
 
 
 
Office
$
332

 
$
466

 
$
1,056

 
$
1,244

Studio
1,429

 
1,228

 
4,021

 
4,611

Coverings
1,401

 
2,099

 
4,000

 
4,869

Knoll, Inc. 
$
3,162

 
$
3,793

 
$
9,077

 
$
10,724

OPERATING PROFIT
 
 
 

 
 
 
 
Office (2)
$
15,546

 
$
20,390

 
$
28,718

 
$
56,015

Studio
12,370

 
13,372

 
38,928

 
39,482

Coverings
6,252

 
6,295

 
18,682

 
19,476

Corporate
(4,043
)
 
(4,854
)
 
(10,939
)
 
(14,447
)
Knoll, Inc.(3)
$
30,125

 
$
35,203

 
$
75,389

 
$
100,526


_______________________________________________________________________________
(1) Intersegment sales are presented on a cost-plus basis which takes into consideration the effect of transfer prices between legal entities.
(2) Office Operating Profit includes $2.2 million of restructuring charges for the nine months ended September 30, 2017. The restructuring charges related to headcount rationalization and modernization of equipment. The Company does not expect to incur additional restructuring charges related to these activities.
(3) The Company does not allocate interest expense or other (income) expense, net to the reportable segments.