EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2019

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 reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. At June 30, 2019 and 2018, the Company had restricted stock, restricted stock units and stock options, which could potentially dilute basic earnings per share in the future. The following table sets forth the reconciliation from basic to dilutive average common shares (in millions, except shares which are in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Numerator:
Net earnings attributable to Knoll, Inc. stockholders	$	21.7	$	13.1	$	39.6	$	28.4

Denominator:
Denominator for basic earnings per shares - weighted-average shares	48,855		48,672		48,815		48,615
Effect of dilutive securities:
Potentially dilutive shares resulting from stock plans	459		459		438		523
Denominator for diluted earnings per share - weighted-average shares	49,314		49,131		49,253		49,138
Antidilutive equity awards not included in weighted-average common shares—diluted	—		—		—		—

Net earnings per common share attributable to Knoll, Inc. stockholders:
Basic	$	0.44	$	0.27	$	0.81	$	0.58
Diluted	$	0.44	$	0.27	$	0.80	$	0.58