ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Amount of net sales and net earnings attributable to Knoll, Inc. stockholders included in the condensed consolidated statement of operations and comprehensive income

The amount of net sales and net earnings attributable to Knoll, Inc. stockholders included in the condensed consolidated statement of operations and comprehensive income during the three months ended March 31, 2014 were as follows (in thousands):

	Three months ended March 31, 2014
Net sales	$	17,360
Net earnings attributable to Knoll, Inc. stockholders	$	1,106

Preliminary fair values assigned to the assets acquired and liabilities assumed

The following table summarizes the preliminary fair values assigned to the assets acquired and liabilities assumed as of the February 3, 2014 acquisition date (in thousands):

Working Capital (1)	$	13,659
Property, plant and equipment	6,425
Intangible assets	45,529
Contingent consideration	(16,000		)
Noncontrolling interests	(218		)
Other liabilities	(504		)
Fair value of acquired identifiable assets	$	48,891
Purchase Price	$	95,000
Less fair value of acquired identifiable assets	48,891
Goodwill	$	46,109

(1) Working capital accounts include cash, customer receivables, inventories, prepaid expenses and other current assets, accounts payable, and other current liabilities

Preliminary fair value of intangible assets

The following table summarizes the preliminary fair value of intangible assets as of the acquisition date (in thousands):

	Fair Value		Weighted-Average Useful Life
Intangible assets:
Tradename	$	23,479	Indefinite
Non-competition Agreements	2,440		4
Customer Relationships	19,610		10
Total intangible assets	$	45,529

Acquisition costs recorded in condensed consolidated statement of operations and comprehensive income

The Company recorded acquisition costs in its condensed consolidated statement of operations and comprehensive income, within selling, general, and administrative expenses, during the three months ended March 31, 2014 as follows (in thousands):

	Three months ended March 31, 2014
Accounting and legal fees	$	345
Other	275
	$	620

Pro forma summary financial information

The following unaudited pro forma summary financial information presents the operating results of the combined company, assuming the acquisition had occurred as of January 1, 2013 (in thousands, except per share amounts):

	Three months ended March 31, 2014		Three months ended March 31, 2013
Pro forma net sales	$	237,152	$	222,010
Pro forma net earnings attributable to Knoll, Inc stockholders	$	8,612	$	6,468