| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Sales | ||||||||||
1,428,100 | 1,302,300 | 1,132,900 | 1,164,292 | 1,104,442 | 1,050,294 | 862,252 | 898,496 | 922,200 | 809,467 | 780,033 |
Cost of sales | ||||||||||
879,100 | 820,800 | 718,300 | 718,316 | 692,310 | 678,609 | 581,920 | 600,602 | 627,803 | 545,118 | 510,590 |
Gross profit | ||||||||||
549,000 | 481,500 | 414,600 | 445,976 | 412,132 | 371,685 | 280,332 | 297,894 | 294,397 | 264,349 | 269,443 |
Selling, general, and administrative expenses | ||||||||||
411,900 | 363,700 | 315,600 | 315,468 | 299,476 | 286,801 | 224,915 | 206,422 | 202,075 | 192,460 | 195,058 |
Restructuring charges | ||||||||||
800 | 2,600 | 2,200 | 0 | 896 | 1,532 | 5,104 | 0 | 696 | 7,565 | 11,959 |
Write-off of property, plant, and equipment | ||||||||||
0 | 0 | 16,300 | 0 | 0 | - | - | - | - | - | - |
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | ||||||||||
6,500 | 0 | 0 | - | 10,650 | 0 | 8,900 | 0 | 0 | - | - |
Operating profit | ||||||||||
129,800 | 115,200 | 80,500 | 130,508 | 101,110 | 76,843 | 41,413 | 91,472 | 97,071 | 64,662 | 63,489 |
Interest expense | ||||||||||
21,700 | 20,900 | 7,400 | 5,405 | 6,865 | 7,378 | 5,941 | 6,350 | 9,753 | 17,436 | 13,862 |
Pension settlement charges | ||||||||||
21,000 | 5,700 | 2,200 | 0 | 0 | 6,509 | 0 | 0 | -5,445 | -338 | -1,063 |
Other income, net | ||||||||||
3,800 | 9,600 | 7,700 | 2,435 | 9,174 | 6,285 | 3,430 | -3,215 | 1,508 | -6,379 | -5,832 |
Income before income tax expense | ||||||||||
90,900 | 98,200 | 78,600 | 127,538 | 103,419 | 75,750 | 38,902 | 81,907 | 88,826 | 40,847 | 43,795 |
Income tax (benefit) expense | ||||||||||
23,400 | 24,900 | -1,600 | 45,424 | 37,471 | 29,165 | 15,718 | 30,384 | 30,815 | 12,823 | 16,442 |
Net earnings | ||||||||||
67,500 | 73,300 | 80,200 | 82,114 | - | - | - | - | - | - | - |
Net earnings attributable to noncontrolling interests | ||||||||||
- | - | - | 30 | -15 | -11 | 0 | 0 | - | - | - |
Net Income (Loss) Attributable to Parent | ||||||||||
- | - | - | 82,084 | 65,948 | 46,585 | 23,184 | 51,523 | - | - | - |
Net earnings attributable to Knoll, Inc. stockholders | ||||||||||
- | - | - | - | 65,963 | 46,596 | 23,184 | 51,523 | 58,011 | 28,024 | 27,353 |
Net earnings per share: | ||||||||||
Basic (in dollars per share) | ||||||||||
1.38 | 1.51 | 1.66 | 1.71 | 1.38 | 0.98 | 0.49 | 1.10 | 1.25 | 0.61 | 0.60 |
Diluted (in dollars per share) | ||||||||||
1.36 | 1.49 | 1.63 | 1.68 | 1.36 | 0.97 | 0.49 | 1.09 | 1.24 | 0.61 | 0.60 |
Weighted-average common shares outstanding: (in thousands) | ||||||||||
Basic (in shares) | ||||||||||
48,846 | 48,657 | 48,423 | 48,093 | 47,746 | 47,346 | 46,917 | 46,634 | 46,249 | 45,600 | 45,403 |
Diluted (in shares) | ||||||||||
49,457 | 49,218 | 49,160 | 48,919 | 48,438 | 48,068 | 47,659 | 47,059 | 46,835 | 45,970 | 45,413 |
Net earnings | ||||||||||
- | - | - | - | 65,963 | - | - | 51,523 | 58,011 | 28,024 | 27,353 |
Other comprehensive income (loss), net of tax: | ||||||||||
Unrealized losses on cash flow hedge, net of amounts reclassified into earnings | ||||||||||
-3,600 | -1,300 | 0 | 0 | - | - | - | - | - | - | - |
Pension and other post-employment liability adjustments | ||||||||||
-4,300 | -2,600 | 5,300 | 6,573 | -11,945 | 25,548 | -36,729 | 12,358 | 11,439 | -2,259 | - |
Foreign currency translation adjustments | ||||||||||
3,200 | -13,100 | 4,900 | 488 | -16,581 | -12,271 | -4,814 | 1,466 | -2,525 | -315 | - |
Foreign currency translation adjustments on long-term intercompany notes | ||||||||||
-4,900 | -8,100 | 0 | 0 | - | - | - | - | - | - | - |
Change in fair value of interest rate swap contracts, net of tax | ||||||||||
- | - | - | - | - | - | - | - | 2,622 | 5,122 | - |
Total other comprehensive (loss) income, net | ||||||||||
-1,000 | -19,900 | -400 | -6,085 | -4,636 | -37,819 | 31,915 | -10,892 | -11,342 | 7,066 | - |
Total comprehensive (loss) income | ||||||||||
66,500 | 53,400 | 79,800 | 76,029 | 61,312 | 8,766 | 55,099 | 40,631 | 46,669 | 35,090 | - |
Comprehensive income attributable to noncontrolling interests | ||||||||||
- | - | - | -30 | -15 | -11 | 0 | 0 | - | - | - |
Comprehensive income attributable to Knoll, Inc. stockholders | ||||||||||
- | - | - | 75,999 | 61,327 | 8,777 | 55,099 | 40,631 | - | - | - |