The following tables contain selected unaudited Consolidated Statements of Operations and Comprehensive Income data for each quarter for the years ended December 31, 2018 and 2017. 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
2018
Sales	$	296,559	$	323,351	$	327,737	$	354,625	$	1,302,272
Gross profit	107,711		119,287		122,794		131,732		481,524
Net earnings	15,267		13,123		20,323		24,542		73,255		^{(1) (2) (3) (6)}
Net earnings attributable to Knoll, Inc. stockholders	15,259		13,124		20,323		24,542		73,248		^{(1) (2) (3) (6)}
Earnings per share—Basic	$	0.31	$	0.27	$	0.42	$	0.50	$	1.51	^{(1) (2) (3) (6)}
Earnings per share—Diluted	$	0.31	$	0.27	$	0.41	$	0.50	$	1.49	^{(1) (2) (3) (6)}

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		12,960		19,161		32,679		80,192		^{(4) (5) (6)}
Net earnings attributable to Knoll, Inc. stockholders	15,404		12,938		19,132		32,693		80,163		^{(4) (5) (6)}
Earnings per share—Basic	$	0.32	$	0.27	$	0.39	$	0.67	$	1.66	^{(4) (5) (6)}
Earnings per share—Diluted	$	0.31	$	0.26	$	0.39	$	0.67	$	1.63	^{(4) (5) (6)}

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(1) During the second, third and fourth quarters of 2018, the Company recorded pension settlement charges of $4.6 million, $0.6 million and $0.5 million, respectively.

(2) During the first, second, third and fourth quarters of 2018, the Company recorded restructuring charges of $0.5 million, $0.8 million, $1.2 million and $0.1 million, respectively within the Office segment related to an organizational realignment that will result in greater operating efficiency and control.

(3) During the first, second, third and fourth quarters of 2018, the Company recorded acquisition costs of $1.0 million, $0.5 million, $0.2 million and $0.2 million, respectively related to the acquisition of Muuto.

(4) 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.

(5) 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.

(6) The fourth quarters of 2017 and 2018 results include the impact of the Tax Cuts and Jobs Act and SAB 118 of $26.6 million and $1.7 million, respectively.