XML 27 R37.htm IDEA: XBRL DOCUMENT v3.19.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Information with Corporate Costs Excluded
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 millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
SALES
 
 
 
 
 
 
 
Office
$
219.1

 
$
200.6

 
$
644.5

 
$
580.3

Lifestyle
137.4

 
127.1

 
412.1

 
367.3

Knoll, Inc. 
$
356.5

 
$
327.7

 
$
1,056.6

 
$
947.6

INTERSEGMENT SALES (1)
 
 
 
 
 
 
 
Office
$
0.6

 
$
0.4

 
$
1.5

 
$
1.4

Lifestyle
2.2

 
2.6

 
7.2

 
8.0

Knoll, Inc. 
$
2.8

 
$
3.0

 
$
8.7

 
$
9.4

OPERATING PROFIT
 
 
 

 
 
 
 
Office (2)
$
18.3

 
$
15.5

 
$
46.8

 
$
34.7

Lifestyle
25.0

 
22.7

 
71.3

 
63.8

Corporate (3)
(6.6
)
 
(5.3
)
 
(18.3
)
 
(18.3
)
Knoll, Inc.
$
36.7


$
32.9


$
99.8


$
80.2


_______________________________________________________________________________
(1) Intersegment sales are presented on a cost-plus basis, which takes into consideration the effect of transfer prices between legal entities.
(2) Knoll recorded restructuring charges of $0.1 million and $0.2 million during the three and nine months ended September 30, 2019, respectively and $1.2 million and $2.6 million during the three and nine months ended September 30, 2018, respectively, within the Office segment related to an organizational realignment that will result in greater operating efficiency and control.
(3) Knoll recorded acquisition costs within the Corporate segment of $0.3 million related to the acquisition of Fully during the three and nine months ended September 30, 2019 and $0.1 million and $1.6 million related to the acquisition of Muuto during the three and nine months ended September 30, 2018.
Schedule of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill by reportable segment are as follows (in millions):
 
Office
Segment
 
Lifestyle Segment
 
Total
Balance as of December 31, 2018
$
39.1

 
$
281.7

 
$
320.8

Foreign currency translation adjustment
0.2

 
(8.8
)
 
(8.6
)
Goodwill from current year acquisition
17.1

 
—

 
17.1

Balance as of September 30, 2019
$
56.4

 
$
272.9

 
$
329.3