SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

Acquisition

On February 3, 2014, the Company acquired Holly Hunt Enterprises, Inc. The acquisition advances the Knoll strategy of building its global capability as a resource for high-design workplaces and homes, including the commercial contract, decorator to-the-trade and consumer markets. The aggregate purchase price for the acquisition was approximately $95.0 million, plus certain contingent payouts of up to $16.0 million in the aggregate based on the future performance of the business. The purchase price was funded primarily from borrowings under the Company's revolving credit facility. The Company will record the acquisition of Holly Hunt Enterprises, Inc. using the acquisition method of accounting and will recognize the assets acquired and liabilities assumed at their fair values as of the date of the acquisition. Due to the limited time since the date of the acquisition, the initial disclosure for this business combination is incomplete as of the date of this filing. As such, it is impracticable for the Company to make certain business combination disclosures at this time. The Company will provide this information in its Quarterly Report on Form 10-Q for the quarter ending March 31, 2014.

Restricted Stock/Unit Grant

In February 2014, the Company granted an aggregate of 661,919 equity-based awards to certain employees and the Company's Board of Directors. The vesting of these awards are subject to certain service, performance or market conditions.