XML 23 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Sales $ 1,132,892 $ 1,164,292 $ 1,104,442
Cost of sales 718,313 718,316 692,310
Gross profit 414,579 445,976 412,132
Selling, general, and administrative expenses 305,992 309,668 299,476
Restructuring charges 2,150 0 896
Write-off of property, plant, and equipment 16,306 0 0
Intangible asset impairment charge 0 0 10,650
Pension settlement charge 2,162 0 0
Operating profit 87,969 136,308 101,110
Interest expense 7,483 5,405 6,865
Other expense (income), net 1,894 3,365 (9,174)
Income before income tax expense 78,592 127,538 103,419
Income tax (benefit) expense, net (1,600) 45,424 37,471
Net earnings 80,192 82,114 65,948
Net earnings (loss) attributable to noncontrolling interests 29 30 (15)
Net earnings attributable to Knoll, Inc. stockholders $ 80,163 $ 82,084 $ 65,963
Net earnings per common share attributable to Knoll, Inc. stockholders:      
Basic (in dollars per share) $ 1.66 $ 1.71 $ 1.38
Diluted (in dollars per share) $ 1.63 $ 1.68 $ 1.36
Weighted-average number of common shares outstanding:      
Basic (in shares) 48,422,558 48,093,294 47,746,707
Diluted (in shares) 49,160,492 48,919,108 48,438,231
Other comprehensive income (loss):      
Pension and other post-employment liability adjustment, net of tax $ (5,239) $ (6,573) $ 11,945
Foreign currency translation adjustment 4,868 488 (16,581)
Total other comprehensive (loss), net of tax (371) (6,085) (4,636)
Comprehensive income attributable to Knoll, Inc. stockholders 79,821 76,029 61,312
Comprehensive income (loss) attributable to noncontrolling interests 29 30 (15)
Comprehensive income attributable to Knoll, Inc. stockholders $ 79,792 $ 75,999 $ 61,327