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QUARTERLY RESULTS (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of selected unaudited consolidated statements of operations and comprehensive income data
The following tables contain selected unaudited Consolidated Statements of Operations and Comprehensive Income data for each quarter for the years ended December 31, 2017 and 2016. The operating results for any quarter are not necessarily indicative of results for any future period. The quarterly results are as follows (in thousands):
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Fiscal
Year
 
 
2017
 
 
 
 
 
 
 
 
 
 
 
Sales
$
256,820

 
$
268,694

 
$
291,256

 
$
316,122

 
$
1,132,892

 
 
Gross profit
95,674

 
99,958

 
106,610

 
112,337

 
414,579

 
 
Net earnings
15,396

 
12,956

 
19,161

 
32,679

 
80,192

 
(1) (2) (3) 
Net earnings attributable to Knoll, Inc. stockholders
15,404

 
12,934

 
19,132

 
32,693

 
80,163

 
(1) (2) (3) 
Earnings per share—Basic
$
0.32

 
$
0.27

 
$
0.39

 
$
0.67

 
$
1.66

 
(1) (2) (3) 
Earnings per share—Diluted
$
0.31

 
$
0.26

 
$
0.39

 
$
0.67

 
$
1.63

 
(1) (2) (3) 
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
 
 
 
 
 
 
 
 
 
  
Sales
$
284,629

 
$
294,700

 
$
292,097

 
$
292,866

 
$
1,164,292

 

Gross profit
107,764

 
114,064

 
112,801

 
111,347

 
445,976

 

Net earnings
17,411

 
21,641

 
21,618

 
21,444

 
82,114

 

Net earnings attributable to Knoll, Inc. stockholders
17,400

 
21,635

 
21,607

 
21,442

 
82,084

 
 
Earnings per share—Basic
$
0.36

 
$
0.45

 
$
0.45

 
$
0.45

 
$
1.71

 

Earnings per share—Diluted
$
0.36

 
$
0.44

 
$
0.44

 
$
0.44

 
$
1.68

 
 
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(1) During the fourth quarter of 2017, the Company recorded pension settlement charges of $2.2 million and a $16.3 million write-off of property, plant, and equipment.
(2) During the second quarter of 2017, Knoll recorded restructuring charges of $2.2 million related to headcount rationalization and modernization of equipment in the Office Segment. Knoll does not expect to incur additional payments due to restructuring.
(3) The fourth quarter of 2017 results include the impact of the Tax Cuts and Jobs Acts. See Note 17.