$LCUT
LIFETIME BRANDS, INC

2014 Q1 Form 10-K Financial Statement

#000119312514100576 Filed on March 17, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 2012 Q4
Revenue $118.4M $502.7M $154.8M
YoY Change 20.02% 3.26% 12.5%
Cost Of Revenue $74.08M $315.5M $98.80M
YoY Change 18.82% 1.74% 13.69%
Gross Profit $44.33M $187.3M $56.00M
YoY Change 22.09% 5.92% 10.45%
Gross Profit Margin 37.44% 37.25% 36.18%
Selling, General & Admin $34.18M $114.3M $41.50M
YoY Change 33.37% 9.59% 1.97%
% of Gross Profit 77.11% 61.06% 74.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.610M $7.700M $2.440M
YoY Change 43.25% -1.28% 4.27%
% of Gross Profit 8.14% 4.11% 4.36%
Operating Expenses $34.18M $114.3M $41.50M
YoY Change 33.37% 9.59% 1.72%
Operating Profit -$2.197M $28.19M $14.50M
YoY Change 1810.43% 3.11% 46.46%
Interest Expense $1.390M $4.847M -$1.300M
YoY Change 19.62% -17.82% -35.0%
% of Operating Profit 17.2% -8.97%
Other Income/Expense, Net
YoY Change
Pretax Income -$3.906M $23.24M $13.30M
YoY Change 205.87% 15.76% 66.25%
Income Tax -$1.185M $9.175M $2.600M
% Of Pretax Income 39.48% 19.55%
Net Earnings -$2.929M $9.281M $15.20M
YoY Change 363.45% -55.69% 181.48%
Net Earnings / Revenue -2.47% 1.85% 9.82%
Basic Earnings Per Share -$0.22 $0.73
Diluted Earnings Per Share -$0.22 $0.71 $1.197M
COMMON SHARES
Basic Shares Outstanding 13.36M shares 12.76M shares 12.57M shares
Diluted Shares Outstanding 13.04M shares

Balance Sheet

Concept 2014 Q1 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.200M $4.900M $1.900M
YoY Change 75.0% 157.89% -36.67%
Cash & Equivalents $4.223M $4.900M $1.871M
Short-Term Investments
Other Short-Term Assets $15.30M $9.700M $8.900M
YoY Change 68.13% 8.99% 14.1%
Inventory $136.4M $112.8M $104.6M
Prepaid Expenses
Receivables $83.57M $87.20M $97.37M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $239.4M $214.7M $212.8M
YoY Change 33.72% 0.89% 7.02%
LONG-TERM ASSETS
Property, Plant & Equipment $27.71M $27.70M $31.65M
YoY Change -10.35% -12.34% -7.8%
Goodwill $18.36M $5.085M
YoY Change 260.96% 90.24%
Intangibles $52.76M
YoY Change 19.19%
Long-Term Investments $36.80M $36.90M $43.70M
YoY Change -19.3% -15.56% 26.67%
Other Assets $3.228M $2.300M $2.865M
YoY Change 14.1% -20.69% -31.33%
Total Long-Term Assets $179.9M $122.0M $136.0M
YoY Change 31.75% -10.29% 13.41%
TOTAL ASSETS
Total Short-Term Assets $239.4M $214.7M $212.8M
Total Long-Term Assets $179.9M $122.0M $136.0M
Total Assets $419.3M $336.7M $348.8M
YoY Change 32.86% -3.47% 9.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.28M $21.40M $18.56M
YoY Change 56.05% 15.05% -2.26%
Accrued Expenses $35.54M $41.10M $33.35M
YoY Change 31.84% 23.05% -1.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $3.900M $11.40M
YoY Change -39.02% -65.79% -24.0%
Total Short-Term Liabilities $73.02M $69.50M $66.90M
YoY Change 27.37% 3.89% -4.38%
LONG-TERM LIABILITIES
Long-Term Debt $126.9M $65.90M $84.60M
YoY Change 107.69% -22.1% 2.42%
Other Long-Term Liabilities $20.23M $18.60M $21.57M
YoY Change -0.15% -13.89% 47.71%
Total Long-Term Liabilities $20.23M $84.50M $21.57M
YoY Change -0.15% -20.43% -77.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.02M $69.50M $66.90M
Total Long-Term Liabilities $20.23M $84.50M $21.57M
Total Liabilities $93.25M $155.8M $88.46M
YoY Change 20.18% -11.78% -48.75%
SHAREHOLDERS EQUITY
Retained Earnings $34.77M $33.85M
YoY Change 5.96% 134.01%
Common Stock $136.0K $128.0K
YoY Change 6.25% 3.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $188.5M $180.9M $172.2M
YoY Change
Total Liabilities & Shareholders Equity $419.3M $336.7M $348.8M
YoY Change 32.86% -3.47% 9.43%

Cashflow Statement

Concept 2014 Q1 2013 2012 Q4
OPERATING ACTIVITIES
Net Income -$2.929M $9.281M $15.20M
YoY Change 363.45% -55.69% 181.48%
Depreciation, Depletion And Amortization $3.610M $7.700M $2.440M
YoY Change 43.25% -1.28% 4.27%
Cash From Operating Activities $930.0K $35.76M $30.56M
YoY Change -96.27% 57.57% -22.28%
INVESTING ACTIVITIES
Capital Expenditures $1.156M $3.842M -$1.590M
YoY Change -2.61% -22.46% 0.0%
Acquisitions $59.86M
YoY Change
Other Investing Activities -$65.14M $10.00K -$17.26M
YoY Change -100.06% -32.79%
Cash From Investing Activities -$66.29M -$3.831M -$18.83M
YoY Change 5484.67% -82.74% -30.95%
FINANCING ACTIVITIES
Cash Dividend Paid $501.0K $1.515M
YoY Change 57.05% 21.3%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 63.90M -29.03M -12.66M
YoY Change -382.17% 1232.17% 26.6%
NET CHANGE
Cash From Operating Activities 930.0K 35.76M 30.56M
Cash From Investing Activities -66.29M -3.831M -18.83M
Cash From Financing Activities 63.90M -29.03M -12.66M
Net Change In Cash -1.460M 2.905M -930.0K
YoY Change -229.32% -273.43% -145.37%
FREE CASH FLOW
Cash From Operating Activities $930.0K $35.76M $30.56M
Capital Expenditures $1.156M $3.842M -$1.590M
Free Cash Flow -$226.0K $31.92M $32.15M
YoY Change -100.95% 79.92% -21.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13361610 shares
CY2013Q2 dei Entity Public Float
EntityPublicFloat
131756924
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.46
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2219200 shares
CY2010Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
12611000
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
356000
CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-5177000
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
127606000
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3351000
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.62
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2475750 shares
CY2011Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
4602000
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
134000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-5881000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
146175000
CY2011Q4 us-gaap Goodwill
Goodwill
2673000
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
44264000
CY2011Q4 us-gaap Assets
Assets
318745000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2972000
CY2011Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
46937000
CY2011Q4 lcut Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
134000
CY2012Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0360 pure
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12754467 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.06
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2528177 shares
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12754467 shares
CY2012Q4 us-gaap Interest Payable Current
InterestPayableCurrent
401000
CY2012Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
3996000
CY2012Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
30625000
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
66899000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4236000
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
301000
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7824000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-2804000
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
167000
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
73208000
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3134000
CY2012Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
12721000
CY2012Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
7000000
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
142489000
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
18555000
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1182000
CY2012Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
4645000
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
21565000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
172230000
CY2012Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2259000
CY2012Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
4375000
CY2012Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
1964000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
33849000
CY2012Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1089000
CY2012Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
33354000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3996000
CY2012Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
5752000
CY2012Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
53968000
CY2012Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
5355000
CY2012Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
454000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-272000
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10500000
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13935000
CY2012Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
10719000
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
128000
CY2012Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
39000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
348797000
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
3510000
CY2012Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3615000
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2865000
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1797000
CY2012Q4 us-gaap Land
Land
100000
CY2012Q4 us-gaap Goodwill
Goodwill
5085000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3660000
CY2012Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
26334000
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
52757000
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
97369000
CY2012Q4 us-gaap Inventory Net
InventoryNet
104584000
CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
101021000
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
104854000
CY2012Q4 us-gaap Goodwill Gross
GoodwillGross
5085000
CY2012Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
3542000
CY2012Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
75896000
CY2012Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1517000
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1915000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
106000
CY2012Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1381000
CY2012Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
43685000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
31646000
CY2012Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
18364000
CY2012Q4 us-gaap Assets
Assets
348797000
CY2012Q4 us-gaap Noncurrent Assets
NoncurrentAssets
136038000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1871000
CY2012Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1604000
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
32000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
4407000
CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2046000
CY2012Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
920000
CY2012Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
57842000
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5393000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-1160000
CY2012Q4 us-gaap Assets Current
AssetsCurrent
212759000
CY2012Q4 lcut Deferred Tax Assets Accrued Compensation And Benefits
DeferredTaxAssetsAccruedCompensationAndBenefits
669000
CY2012Q4 lcut Deferred Tax Asset Net
DeferredTaxAssetNet
1214000
CY2012Q4 lcut Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
301000
CY2012Q4 lcut Contingent Consideration Noncurrent
ContingentConsiderationNoncurrent
4640000
CY2012Q4 lcut Accumulated Other Comprehensive Income Loss From Cash Flow Hedges
AccumulatedOtherComprehensiveIncomeLossFromCashFlowHedges
-272000
CY2012Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
68342000
CY2012Q4 lcut Indefinite Lived Trade Names Gross
IndefiniteLivedTradeNamesGross
18364000
CY2012Q4 lcut Deferred Tax Liabilities Depreciation And Amortization
DeferredTaxLiabilitiesDepreciationAndAmortization
5945000
CY2012Q4 lcut Indefinite Lived Trade Name Accumulated Impairment Loss
IndefiniteLivedTradeNameAccumulatedImpairmentLoss
CY2012Q4 lcut Deferred Rent And Other Long Term Liabilities Noncurrent
DeferredRentAndOtherLongTermLiabilitiesNoncurrent
21565000
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12777407 shares
CY2012Q4 lcut Rebates Payable Current
RebatesPayableCurrent
10595000
CY2012Q4 lcut Accrued Freight Current
AccruedFreightCurrent
1122000
CY2013Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0450 pure
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1508350 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.75
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2371650 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.15
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2013Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
245575 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12777407 shares
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
362000
CY2013Q4 us-gaap Interest Payable Current
InterestPayableCurrent
98000
CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5209000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
15162000
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
265000
CY2013Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
16688000
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
69494000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3720000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
16619000
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
351000
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11781000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-2944000
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
80201000
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5193000
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
9793000
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
146273000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
78421000
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
21426000
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
1753000
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
121000
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
143000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10576000
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1213000
CY2013Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
5162000
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
18644000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
180905000
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
132000
CY2013Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2567000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
38224000
CY2013Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1245000
CY2013Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
805000
CY2013Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
3937000
CY2013Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
41095000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
14877000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5209000
CY2013Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
143000
CY2013Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
5212000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
7284000
CY2013Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
49231000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
13903000
CY2013Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
5135000
CY2013Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
48000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-31000
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13193000
CY2013Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
9737000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
128000
CY2013Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
71000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
336739000
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1777000
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3036000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2268000
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2140000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2692000
CY2013Q4 us-gaap Land
Land
100000
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13169000
CY2013Q4 us-gaap Goodwill
Goodwill
5085000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3237000
CY2013Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
26959000
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
50064000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
87217000
CY2013Q4 us-gaap Inventory Net
InventoryNet
112791000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2688000
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
108340000
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
107899000
CY2013Q4 us-gaap Goodwill Gross
GoodwillGross
5085000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2552000
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
3940000
CY2013Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
79132000
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2485000
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1831000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
192000
CY2013Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1317000
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
36948000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27698000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2552000
CY2013Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
18364000
CY2013Q4 us-gaap Assets
Assets
336739000
CY2013Q4 us-gaap Noncurrent Assets
NoncurrentAssets
122063000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4947000
CY2013Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1604000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2163000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
3694000
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
7800990
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10968922
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1966000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2685000
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3700000
CY2013Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
104000
CY2013Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
55149000
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5781000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-745000
CY2013Q4 us-gaap Assets Current
AssetsCurrent
214676000
CY2013Q4 lcut Deferred Tax Liabilities Depreciation And Amortization
DeferredTaxLiabilitiesDepreciationAndAmortization
3826000
CY2013Q4 lcut Indefinite Lived Trade Name Accumulated Impairment Loss
IndefiniteLivedTradeNameAccumulatedImpairmentLoss
CY2013Q4 lcut Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
351000
CY2013Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
68342000
CY2013Q4 lcut Reduction In Income Tax Liability If Tax Positions Sustained
ReductionInIncomeTaxLiabilityIfTaxPositionsSustained
299000
CY2013Q4 lcut Indefinite Lived Trade Names Gross
IndefiniteLivedTradeNamesGross
18364000
CY2013Q4 lcut Defined Benefit Plan Expected Future Benefit Payments Total
DefinedBenefitPlanExpectedFutureBenefitPaymentsTotal
2776000
CY2013Q4 lcut Deferred Tax Assets Accrued Compensation And Benefits
DeferredTaxAssetsAccruedCompensationAndBenefits
758000
CY2013Q4 lcut Deferred Tax Asset Net
DeferredTaxAssetNet
3376000
CY2013Q4 lcut Contingent Consideration Noncurrent
ContingentConsiderationNoncurrent
3647000
CY2013Q4 lcut Accumulated Other Comprehensive Income Loss From Cash Flow Hedges
AccumulatedOtherComprehensiveIncomeLossFromCashFlowHedges
241000
CY2013Q4 lcut Deferred Rent And Other Long Term Liabilities Noncurrent
DeferredRentAndOtherLongTermLiabilitiesNoncurrent
18644000
CY2013Q4 lcut Rebates Payable Current
RebatesPayableCurrent
11756000
CY2013Q4 lcut Accrued Freight Current
AccruedFreightCurrent
1419000
CY2013Q2 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
10000000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.29
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
391500 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0196 pure
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12529000 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.034 pure
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.20
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
401000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.69
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0089 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
-0.003 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.364 pure
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M6D
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.082 pure
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12187000
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
123500 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.064 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11450 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.001 pure
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.19
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12128000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.60 pure
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3362000
CY2011 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
24100000
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
444418000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4959000
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
913000
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
225000
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
10331000
CY2011 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
70000
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
20584000
CY2011 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
2896000
CY2011 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3441000
CY2011 us-gaap Interest Paid
InterestPaid
6877000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16826000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-704000
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3297000
CY2011 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
1400000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
76000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-318000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13362000
CY2011 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
5123000
CY2011 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
761000
CY2011 us-gaap Gross Profit
GrossProfit
162360000
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
24584000
CY2011 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3100000
CY2011 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
183000
CY2011 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
28000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
14066000
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
78000
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5365000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-704000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2612000
CY2011 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
282058000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1218000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17898000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
2795000
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-24000
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
93894000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6122000
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
171000
CY2011 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
543000
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
8397000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-379000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2063000
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
13300000
CY2011 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-4673000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4657000
CY2011 us-gaap Advertising Expense
AdvertisingExpense
702000
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
913000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
830400
CY2011 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
11450000
CY2011 us-gaap Interest Expense
InterestExpense
7758000
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3722000
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
31000
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
225000
CY2011 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
43525000
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
802000
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
298000
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
618000
CY2011 us-gaap Depreciation
Depreciation
7500000
CY2011 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
4959000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30635000
CY2011 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
CY2011 lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
-704000
CY2011 lcut Distribution Expenses
DistributionExpenses
43882000
CY2011 lcut Net Deferred Income Tax Expense Benefit
NetDeferredIncomeTaxExpenseBenefit
-1216000
CY2011 lcut Freight Out Costs
FreightOutCosts
7500000
CY2011 lcut Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-133000
CY2013 dei Trading Symbol
TradingSymbol
LCUT
CY2013 dei Entity Registrant Name
EntityRegistrantName
LIFETIME BRANDS, INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000874396
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.89
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M16D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
390800 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0088 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
22.46
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
231500 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13043000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.028 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.26
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
286000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.011 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
-0.027 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.395 pure
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M6D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.12
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0097 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35764000
CY2013 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>Advertising expenses</b></p> <p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Advertising expenses are expensed as incurred and are included in selling, general and administrative expenses. Advertising expenses were $757,000, $775,000 and $702,000 for the years ended December&#xA0;31, 2013, 2012 and 2011, respectively.</p> </div>
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
247827 shares
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>Concentration of credit risk</b></p> <p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The Company&#x2019;s cash and cash equivalents are potentially subject to concentration of credit risk. The Company maintains cash with several financial institutions that, in some cases, is in excess of Federal Deposit Insurance Corporation insurance limits.</p> <p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company&#x2019;s customer base.</p> <p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> During the years ended December&#xA0;31, 2013, 2012 and 2011, Wal-Mart Stores,&#xA0;Inc. (including Sam&#x2019;s Club and Asda Superstore, in the United Kingdom) accounted for 15%, 16% and 15% of net sales, respectively. Sales to Wal-Mart Stores, Inc. are included in the Company&#x2019;s Wholesale segment. No other customer accounted for 10% or more of the Company&#x2019;s sales during these periods.</p> </div>
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.055 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
68000 shares
CY2013 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company is no longer subject to U.S. Federal income tax examinations for the years prior to 2011.
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.91
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y4M28D
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12757000 shares
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.61 pure
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M22D
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4781000
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
54000
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
502721000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3842000
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
1515000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1215000
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
10862000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
36000
CY2013 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
0
CY2013 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-5354000
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
231959000
CY2013 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
3229000
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
241000
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
6264000
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-102000
CY2013 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
14375000
CY2013 us-gaap Interest Paid
InterestPaid
4115000
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1900000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
23237000
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6081000
CY2012 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
27000
CY2013 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-258000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-140000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10099000
CY2013 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
1400000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
164000
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
449000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
31000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9797000
CY2013 us-gaap Gross Profit
GrossProfit
187262000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
28186000
CY2013 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
277000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
9281000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-241000
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8207000
CY2013 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
3200000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
516000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2604000
CY2013 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
315459000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-361000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2275000
CY2013 us-gaap Defined Benefit Plan Amount To Be Amortized From Accumulated Other Comprehensive Income Loss Next Fiscal Year
DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear
47000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
54000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29028000
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
17500
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
2881000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
139000
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3229000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10415000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3076000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1707000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
14300000
CY2013 us-gaap Adjustments To Additional Paid In Capital Income Tax Deficiency From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
310000
CY2013 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
9437000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8996000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
757000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
114345000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9175000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
171000
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1679000
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
160000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1997000
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
5051000
CY2013 us-gaap Interest Expense
InterestExpense
4847000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1101000
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-579000
CY2013 lcut Freight Out Costs
FreightOutCosts
9000000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1215000
CY2013 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
220222000
CY2013 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
528000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
613000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
145000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2693000
CY2013 us-gaap Restructuring Charges
RestructuringCharges
367000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
747000
CY2013 us-gaap Depreciation
Depreciation
7700000
CY2013 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
3842000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3831000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-415000
CY2013 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
CY2013 lcut Licensing Rights Expiration Date
LicensingRightsExpirationDate
2023
CY2013 lcut Lease Agreements Expiration Year
LeaseAgreementsExpirationYear
2025
CY2013 lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
-140000
CY2013 lcut Distribution Expenses
DistributionExpenses
44364000
CY2013 lcut Net Deferred Income Tax Expense Benefit
NetDeferredIncomeTaxExpenseBenefit
-2275000
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
14500000
CY2012 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
5665000
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
180257000
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
40000000
CY2013 lcut Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-962000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.82
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.67
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
305000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0110 pure
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.64
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12810000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.012 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.64
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.116 pure
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
299000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.018 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
-0.001 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.259 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.05
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0086 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22697000
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
199823 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.032 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
52750 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.47
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12511000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.61 pure
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9324000
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
486842000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4955000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
1249000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
576000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
6067000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
18000
CY2012 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
0
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-272000
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
6841000
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1363000
CY2012 us-gaap Interest Paid
InterestPaid
5498000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
20074000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3077000
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14741000
CY2012 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
1400000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
167000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
529000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22592000
CY2012 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2765000
CY2012 us-gaap Gross Profit
GrossProfit
176788000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
27335000
CY2012 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1507000
CY2012 us-gaap Valuation Allowances And Reserves Reserves Of Businesses Acquired
ValuationAllowancesAndReservesReservesOfBusinessesAcquired
246000
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
150000
CY2012 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
267000
CY2012 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-415000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
20947000
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
791000
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-9694000
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1645000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2526000
CY2012 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
310054000
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
1187000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3011000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
27000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2179000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
2793000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
123000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
761000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
14800000
CY2012 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-166000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6691000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
775000
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
104338000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5208000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
574000
CY2012 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
35000000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1563000
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-182000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1182000
CY2012 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
7693000
CY2012 us-gaap Interest Expense
InterestExpense
5898000
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1515000
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
27000
CY2012 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
1069000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
577000
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
183600000
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
649000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
150000
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1618000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
503000
CY2012 us-gaap Depreciation
Depreciation
7800000
CY2012 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
4955000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22193000
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
1160000
CY2012 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
2300000
CY2012 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
CY2012 lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
3077000
CY2012 lcut Distribution Expenses
DistributionExpenses
44046000
CY2012 lcut Net Deferred Income Tax Expense Benefit
NetDeferredIncomeTaxExpenseBenefit
-2747000
CY2012 lcut Freight Out Costs
FreightOutCosts
8500000
CY2012 lcut Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-668000

Files In Submission

Name View Source Status
0001193125-14-100576-index-headers.html Edgar Link pending
0001193125-14-100576-index.html Edgar Link pending
0001193125-14-100576.txt Edgar Link pending
0001193125-14-100576-xbrl.zip Edgar Link pending
d667369d10k.htm Edgar Link pending
d667369dex211.htm Edgar Link pending
d667369dex231.htm Edgar Link pending
d667369dex232.htm Edgar Link pending
d667369dex311.htm Edgar Link pending
d667369dex312.htm Edgar Link pending
d667369dex321.htm Edgar Link pending
d667369dex991.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
g6673691.jpg Edgar Link pending
g667369ex23_2pg1a.jpg Edgar Link pending
g667369ex23_2pg1b.jpg Edgar Link pending
g667369ex23_2pg1c.jpg Edgar Link pending
g667369ex99_1pg001.jpg Edgar Link pending
g667369ex99_1pg002.jpg Edgar Link pending
lcut-20131231.xml Edgar Link completed
lcut-20131231.xsd Edgar Link pending
lcut-20131231_cal.xml Edgar Link unprocessable
lcut-20131231_def.xml Edgar Link unprocessable
lcut-20131231_lab.xml Edgar Link unprocessable
lcut-20131231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending