XML 219 R32.htm IDEA: XBRL DOCUMENT v3.20.2
EQUITY (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Schedule of changes in stockholders equity and noncontrolling interest
The following table summarizes the components of shareholders’ equity and the changes therein during the three and nine months ended September 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 
Net earnings  7.0  7.0 
Other comprehensive income   17.2 17.2 
Stock-based compensation, net 3.8   3.8 
Dividends declared on preferred stock (1)
  (1.4) (1.4)
Dividends declared on common stock ($0.06 per share)
  (3.5) (3.5)
Purchase of common stock (3,631 shares)
     
Balance at September 30, 2020$0.5 $71.5 $423.2 $(67.4)$427.8 
(1) The Company exercised its payable in kind (“PIK”) dividend option in connection with the dividend paid on September 30, 2020.
The following table summarizes the components of shareholders’ equity and the changes therein during the three and nine months ended September 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 InterestsTotal 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 
Net earnings— — 17.5 — 17.5 — $17.5 
Other comprehensive (loss) income— — — (14.0)(14.0)— (14.0)
Stock-based compensation, net of forfeitures
— 3.1 — — 3.1 — 3.1 
Cash dividend ($0.17 per share)
— — (8.6)— (8.6)— (8.6)
Purchase of common stock
— (0.3)— — (0.3)— (0.3)
Balance at September 30, 2019$0.5 $63.7 $427.9 $(86.0)$406.1 $ $406.1 
Schedule of change in number of shares of common stock outstanding
The following table summarizes the change in the number of shares of common stock outstanding during the nine months ended September 30, 2020 (table in thousands and is inclusive of restricted shares):
Shares outstanding as of December 31, 201949,775 
Shares issued under stock incentive plans, net of awards surrendered to pay applicable taxes928 
Shares outstanding as of September 30, 202050,703 
The following table summarizes the change in the number of shares of common stock outstanding during the nine months ended September 30, 2019 (table in thousands and is inclusive of restricted shares):
Shares outstanding as of December 31, 201849,431 
Shares issued under stock incentive plans, net of awards surrendered to pay applicable taxes344 
Shares outstanding as of September 30, 201949,775