EQUITY

6 Months Ended

Jun. 30, 2020

The following table summarizes the components of shareholders’ equity and the changes therein during the three and six months ended June 30, 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
Net loss	—		—		(9.6)		—		(9.6)
Other comprehensive income	—		—		—		8.7		8.7
Stock-based compensation, net	—		3.3		—		—		3.3
Dividends declared ($0.04 per share)	—		—		(1.4)		—		(1.4)
Purchase of common stock (3,130 shares)	—		—		—		—		—

Balance at June 30, 2020	$	0.5	$	67.7	$	421.1	$	(84.6)	$	404.7

The following table summarizes the change in the number of shares of common stock outstanding during the six months ended June 30, 2020 (table in thousands and is inclusive of non-voting restricted shares):


Shares outstanding as of December 31, 2019						49,775
Shares issued under stock incentive plans, net of awards surrendered to pay applicable taxes						943

Shares outstanding as of June 30, 2020						50,718

The following table summarizes the components of shareholders’ equity and the changes therein during the three and six months ended June 30, 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
Net earnings	—		—		21.7		—		21.7		—		21.7

Stock-based compensation, net of forfeitures	—		2.4		—		—		2.4		—		2.4
Cash dividend ($0.17 per share)	—		—		(8.6)		—		(8.6)		—		(8.6)

Other	—		0.1		—		—		0.1		—		0.1
Balance at June 30, 2019	$	0.5	$	60.9	$	419.0	$	(72.0)	$	408.4	$	—	$	408.4

The following table summarizes the change in the number of shares of common stock outstanding during the six months ended June 30, 2019 (table in thousands and is inclusive of non-voting restricted shares):


Shares outstanding as of December 31, 2018						49,431
Shares issued under stock incentive plans, net of awards surrendered to pay applicable taxes						347

Shares outstanding as of June 30, 2019						49,778