Knoll, inc. (KNL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Sales

340,000

371,500

356,500

367,300

332,800

354,600

327,700

323,400

296,600

316,130

291,256

268,694

256,820

292,866

292,097

294,700

284,629

305,734

263,588

268,622

266,498

286,453

268,297

265,943

229,601

230,456

216,898

214,312

200,586

261,022

219,794

221,018

196,662

223,149

239,543

238,650

220,858

202,149

192,275

Cost of sales

217,700

227,400

216,100

226,600

209,000

222,800

204,900

204,200

188,900

203,772

184,646

168,736

161,146

181,519

179,296

180,636

176,865

191,309

162,381

167,431

171,189

183,602

173,335

168,669

153,003

155,971

144,559

144,431

136,959

174,804

145,578

146,611

133,609

152,497

160,692

162,157

152,457

134,697

129,235

Gross profit

122,300

144,100

140,400

140,700

123,800

131,800

122,800

119,200

107,700

112,358

106,610

99,958

95,674

111,347

112,801

114,064

107,764

114,425

101,207

101,191

95,309

102,851

94,962

97,274

76,598

74,485

72,339

69,881

63,627

86,218

74,216

74,407

63,053

70,652

78,851

76,493

68,401

67,452

63,040

Selling, general, and administrative expenses

103,300

107,000

103,600

106,800

94,500

96,700

88,700

93,600

84,700

83,703

78,883

77,976

75,038

81,365

77,598

80,590

75,915

81,468

72,062

72,936

73,010

75,599

71,647

74,833

64,722

58,821

55,288

57,473

53,333

54,523

50,694

53,604

47,601

48,280

53,854

52,925

47,016

48,223

48,953

Restructuring charges

7,600

600

100

0

100

100

1,200

800

500

50

0

2,150

0

-

0

0

-

-

441

-

-

737

0

203

592

-

0

0

-

-

-

-

-

0

-18

243

471

120

2,147

Operating profit

11,400

30,000

36,700

33,900

29,200

35,000

32,900

24,800

22,500

12,305

27,727

19,832

20,636

29,982

35,203

33,474

31,849

21,852

28,704

28,255

22,299

20,006

23,315

22,238

11,284

1,660

17,051

12,408

10,294

31,695

23,522

20,803

15,452

27,817

25,015

23,325

20,914

19,109

11,940

Interest expense

4,900

5,500

5,500

5,500

5,200

6,500

5,000

5,300

4,100

1,879

1,991

1,859

1,671

1,248

1,296

1,307

1,554

1,479

1,650

1,851

1,885

1,864

1,899

1,944

1,671

1,445

1,484

1,517

1,495

1,572

1,635

1,637

1,506

1,138

1,226

3,372

4,017

4,877

4,410

Gain (Loss) on Extinguishment of Debt

-

-

-400

0

-

-

0

0

-1,400

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension settlement charges

700

10,500

9,800

500

200

500

600

4,600

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

1,200

-400

2,500

1,000

700

2,600

200

2,800

4,000

1,753

1,583

2,169

2,195

5,905

-681

-185

-2,604

460

1,757

-200

7,157

3,187

3,294

-2,700

2,504

2,157

-2,224

2,206

1,291

509

-2,786

1,262

-2,200

34

4,077

-275

-2,328

-4,274

2,318

Income before income tax expense

7,000

14,000

23,500

28,900

24,500

32,000

27,500

17,700

21,000

9,979

27,319

20,142

21,160

34,639

33,226

31,982

27,691

20,833

28,811

26,204

27,571

21,329

24,710

17,594

12,117

2,372

13,343

13,097

10,090

30,632

19,101

20,428

11,746

26,713

27,866

19,678

14,569

9,958

9,848

Income tax (benefit) expense

-3,900

3,700

6,000

7,200

6,500

7,400

7,200

4,600

5,700

-22,704

8,158

7,182

5,764

13,195

11,608

10,341

10,280

7,403

10,950

8,982

10,136

9,014

9,113

6,753

4,285

1,700

4,793

5,209

4,016

11,618

6,904

7,373

4,489

9,268

9,477

6,703

5,367

3,618

1,172

Net earnings

10,900

10,300

17,500

21,700

18,000

24,600

20,300

13,100

15,300

32,683

19,161

12,960

15,396

-

21,618

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,676

Net earnings attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

29

22

-8

2

11

6

11

-18

28

-17

-8

28

-31

-14

6

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

-

19,132

12,938

15,404

21,425

21,607

21,641

17,411

13,430

17,861

17,222

17,435

12,276

15,628

10,855

7,826

672

8,550

7,888

6,074

-

-

-

-

-

-

-

-

-

-

Net earnings attributable to Knoll, Inc. stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,635

17,400

13,448

17,833

17,239

17,443

12,326

15,597

10,841

7,832

672

8,550

7,888

6,074

19,014

12,197

13,055

7,257

17,445

18,389

12,975

9,202

6,340

-

Net earnings per share:
Basic (in dollars per share)

0.22

0.21

0.36

0.44

0.37

0.51

0.42

0.27

0.31

0.68

0.39

0.27

0.32

0.45

0.45

0.45

0.36

0.28

0.37

0.36

0.37

0.25

0.33

0.23

0.17

0.01

0.18

0.17

0.13

0.40

0.26

0.28

0.16

0.37

0.40

0.28

0.20

0.14

0.19

Diluted (in dollars per share)

0.22

0.20

0.35

0.44

0.37

0.50

0.41

0.27

0.31

0.67

0.39

0.26

0.31

0.44

0.44

0.44

0.36

0.27

0.37

0.36

0.36

0.25

0.33

0.23

0.16

0.01

0.18

0.17

0.13

0.40

0.26

0.28

0.15

0.37

0.39

0.28

0.20

0.14

0.19

Dividends per share (in dollars per share)

-

-

0.17

0.17

-

-

0.15

0.15

0.15

-

0.15

0.15

0.15

-

0.15

0.15

0.15

-

0.12

0.12

0.12

-

0.12

0.12

0.12

-

0.12

0.12

0.12

-

0.12

0.10

0.10

-

0.10

0.10

0.06

0.02

0.02

Weighted-average common shares outstanding: (in thousands)
Basic (in shares)

48,973

48,881

48,873

48,855

48,775

48,705

48,694

48,672

48,557

48,302

48,468

48,464

48,456

48,394

48,053

48,018

47,904

47,813

47,764

47,760

47,648

47,443

47,376

47,365

47,200

47,021

46,915

46,897

46,833

46,754

46,667

46,620

46,496

46,341

46,250

46,245

46,160

45,636

45,631

Diluted (in shares)

49,708

49,750

49,574

49,314

49,190

49,305

49,231

49,131

49,205

48,901

48,979

49,376

49,382

49,403

48,845

48,832

48,594

48,402

48,487

48,509

48,353

48,176

48,072

47,974

48,048

47,792

47,679

47,593

47,572

47,084

47,038

47,017

47,095

46,771

46,792

46,904

46,874

46,154

46,041

Net earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,635

-

-

-

-

-

-

15,597

10,841

7,832

-

8,550

7,888

6,074

19,014

12,197

13,055

7,257

17,445

18,389

12,975

9,202

6,340

-

Other comprehensive income (loss), net of tax:
Unrealized losses on cash flow hedge, net of amounts reclassified into earnings

-4,600

1,100

-400

-2,800

-1,500

-3,300

900

1,200

-100

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension and other post-retirement curtailment gain, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension and other post-employment liability adjustments

8,400

-6,300

2,500

-400

-100

6,400

-1,100

-7,700

-200

4,886

139

138

137

6,439

136

136

-138

-4,279

-4,902

-1,382

-1,382

25,740

-64

-64

-64

-33,947

-913

-913

-956

-

0

-

-

-

-

-

-

-

-

Foreign currency translation adjustments

-9,300

4,900

-4,000

400

1,900

-2,100

-4,600

-6,000

-400

-3,776

5,876

2,320

480

-3,346

-1,781

1,566

4,049

528

-4,228

118

-12,999

-4,694

-7,488

3,730

-3,819

-1,650

4,047

-4,686

-2,525

-611

4,586

-5,156

2,647

8,539

-8,659

2,234

-4,639

-

-

Foreign currency translation adjustments on long-term intercompany notes

-1,600

4,300

-7,100

2,000

-4,100

-5,600

3,100

-5,100

-500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive (loss) income, net

-23,900

16,600

-14,000

0

-3,600

-17,400

500

-2,200

-800

-8,662

5,737

2,182

343

-9,785

-1,917

1,430

4,187

4,807

674

1,500

-11,617

-30,434

-7,424

3,794

-3,755

32,297

4,960

-3,773

-1,569

-12,969

4,586

-5,156

2,647

-

-

-

-

-

-

Unrealized gain on derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,179

1,443

-

-

Total comprehensive (loss) income

-13,000

26,900

3,500

21,700

14,400

7,200

20,800

10,900

14,500

24,021

24,898

15,142

15,739

11,659

19,701

23,071

21,598

18,237

18,535

18,722

5,818

-18,158

8,204

14,649

4,071

32,969

13,510

4,115

4,505

6,045

16,783

7,899

9,904

5,267

9,730

16,388

15,284

-

-

Comprehensive income attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-29

-22

8

-58

11

6

11

-18

28

-17

-8

28

-31

-14

6

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Comprehensive income attributable to Knoll, Inc. stockholders

-

-

-

-

-

-

-

-

-

-

24,869

15,120

15,747

11,657

19,690

23,065

21,587

18,255

18,507

18,739

5,826

-18,108

8,173

14,635

4,077

32,969

13,510

4,115

4,505

-

-

-

-

-

-

-

-

-

-