EQUITY

3 Months Ended

Mar. 31, 2020

The following table summarizes the components of shareholders’ equity and the changes therein during the three months ended March 31, 2020 and (in millions, except share information):


	Common Stock		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Total Equity
Balance at December 31, 2019	$	0.5	$	66.8	$	429.7	$	(69.4)	$	427.6
Net earnings	—		—		10.9		—		10.9
Other comprehensive loss	—		—		—		(23.9)		(23.9)






Stock-based compensation, net	—		1.6		—		—		1.6
Dividends declared ($0.17 per share)	—		—		(8.5)		—		(8.5)
Purchase of common stock (154,012 shares)	—		(4.0)		—		—		(4.0)

Balance at March 31, 2020	$	0.5	$	64.4	$	432.1	$	(93.3)	$	403.7

The following table summarizes the change in the number of shares of common stock outstanding during the three months ended March 31, 2020 (table in thousands and is exclusive of non-voting restricted shares):


Shares outstanding as of December 31, 2019						48,879
Shares issued under stock incentive plans, net of awards surrendered to pay applicable taxes						184

Shares outstanding as of March 31, 2020						49,063

The following table summarizes the components of shareholders’ equity and the changes therein during the three months ended March 31, 2019 (in millions, except share information):


	Common Stock		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Total Knoll, Inc. Stockholders' Equity		Noncontrolling Interests		Total Equity
Balance at December 31, 2018	$	0.5	$	58.8	$	395.4	$	(68.4)	$	386.3	$	0.2	$	386.5
Net earnings	—		—		18.0		—		18.0		—		18.0
Other comprehensive loss	—		—		—		(3.6)		(3.6)		—		(3.6)
Stock-based compensation, net	—		2.2		—		—		2.2		—		2.2
Dividends declared ($0.15 per share)	—		—		(7.5)		—		(7.5)		—		(7.5)
Purchase of common stock (141,738 shares)	—		(3.0)		—		—		(3.0)		—		(3.0)
Other	—		0.4		—		—		0.4		(0.2)		0.2
Balance at March 31, 2019	$	0.5	$	58.4	$	405.9	$	(72.0)	$	392.8	$	—	$	392.8

The following table summarizes the change in the number of shares of common stock outstanding during the three months ended March 31, 2019 (table in thousands and is exclusive of non-voting restricted shares):


Shares outstanding as of December 31, 2018						48,706
Shares issued under stock incentive plans, net of awards surrendered to pay applicable taxes						139

Shares outstanding as of March 31, 2019						48,845