STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2020

The following table presents the change in the number of shares of common stock outstanding during the years ended December 2020, 2019, and 2018 (table in thousands and is inclusive of non-voting restricted shares):




























Shares outstanding as of December 31, 2017			49,339

Shares issued under stock incentive plans, net of forfeitures and surrenders to pay applicable taxes			92


Shares outstanding as of December 31, 2018			49,431


Shares issued under stock incentive plans, net of forfeitures and surrenders to pay applicable taxes			344
Shares outstanding as of December 31, 2019			49,775
Shares issued under stock incentive plans, net of forfeitures and surrenders to pay applicable taxes			870

Shares outstanding as of December 31, 2020			50,645

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in AOCL by component during the years presented (in millions):


	Unrealized gains (losses) on Interest Rate Swaps		Foreign Currency Translation Adjustment		Foreign Currency Translation Adjustment on Long-term Intercompany Notes		Pension and Other Post-Employment Liability Adjustment		Total
Balance as of December 31, 2017	$	—	$	(5.6)	$	—	$	(38.2)	$	(43.8)
Other comprehensive loss before reclassifications	(1.6)		(13.2)		(8.1)		(2.4)		(25.3)
Amounts reclassified from AOCL	—		—		—		5.9		5.9
Net other comprehensive income (loss) before income tax	(1.6)		(13.2)		(8.1)		3.5		(19.4)
Income tax benefit (expense)	0.4		—		—		(0.9)		(0.5)
Other comprehensive income (loss)	(1.2)		(13.2)		(8.1)		2.6		(19.9)
Adoption of ASU 2018-02	—		—		—		(4.7)		(4.7)
Balance as of December 31, 2018	$	(1.2)	$	(18.8)	$	(8.1)	$	(40.3)	$	(68.4)
Other comprehensive income (loss) before reclassifications	(6.0)		3.2		(4.9)		(15.4)		(23.1)
Amounts reclassified from AOCL	1.1		—		—		21.0		22.1
Net other comprehensive income (loss) before income tax	(4.9)		3.2		(4.9)		5.6		(1.0)
Income tax benefit (expense)	1.3		—		—		(1.3)		—
Other comprehensive income (loss)	(3.6)		3.2		(4.9)		4.3		(1.0)
Balance as of December 31, 2019	$	(4.8)	$	(15.6)	$	(13.0)	$	(36.0)	$	(69.4)
Other comprehensive income (loss) before reclassifications	(7.5)		7.7		18.0		(6.3)		11.9
Amounts reclassified from AOCL	5.1		—		—		6.0		11.1
Net other comprehensive income (loss) before income tax	(2.4)		7.7		18.0		(0.3)		23.0
Income tax benefit	0.5		—		—		0.1		0.6
Other comprehensive income (loss)	(1.9)		7.7		18.0		(0.2)		23.6
Balance as of December 31, 2020	$	(6.7)	$	(7.9)	$	5.0	$	(36.2)	$	(45.8)

Schedule of Reclassifications Made From Accumulated Other Comprehensive Income (Loss) to the statement of Operations

The following pension and OPEB reclassifications were made from AOCL into earnings during the periods presented (in millions):


	Year Ended December 31,
	2020		2019		2018
Amortization of pension and other post-employment liability adjustments
Prior service credits (1)	$	0.2	$	0.7	$	0.7
Actuarial losses (1)	(1.4)		(0.9)		(0.9)
Pension settlement charges	(4.8)		(20.8)		(5.7)
Total before tax	(6.0)		(21.0)		(5.9)
Tax (benefit)	(1.6)		(5.5)		(1.5)
Net of tax	$	(4.4)	$	(15.5)	$	(4.4)

(1)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension costs. See Note 10 for additional information.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details

KNOLL INC 8-K