$LCUT
LIFETIME BRANDS, INC

2014 Q2 Form 10-Q Financial Statement

#000119312514300541 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $115.3M $96.98M
YoY Change 18.92% 2.15%
Cost Of Revenue $74.47M $60.62M
YoY Change 22.85% 1.77%
Gross Profit $40.85M $36.36M
YoY Change 12.37% 2.78%
Gross Profit Margin 35.42% 37.49%
Selling, General & Admin $31.42M $25.93M
YoY Change 21.2% 10.06%
% of Gross Profit 76.92% 71.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.720M $2.670M
YoY Change 39.33% 18.14%
% of Gross Profit 9.11% 7.34%
Operating Expenses $31.42M $25.93M
YoY Change 21.2% 10.06%
Operating Profit -$3.157M $12.00K
YoY Change -26408.33% -99.44%
Interest Expense $1.672M $1.149M
YoY Change 45.52% -31.4%
% of Operating Profit 9575.0%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.829M -$1.137M
YoY Change 324.71% -974.62%
Income Tax -$1.586M -$477.0K
% Of Pretax Income
Net Earnings -$3.202M -$568.0K
YoY Change 463.73% -201.61%
Net Earnings / Revenue -2.78% -0.59%
Basic Earnings Per Share -$0.24 -$0.04
Diluted Earnings Per Share -$0.24 -$0.04
COMMON SHARES
Basic Shares Outstanding 13.48M shares 12.81M shares
Diluted Shares Outstanding 12.81M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.200M $1.200M
YoY Change 333.33% -57.14%
Cash & Equivalents $5.229M $1.182M
Short-Term Investments
Other Short-Term Assets $15.40M $12.10M
YoY Change 27.27% 39.08%
Inventory $153.2M $112.6M
Prepaid Expenses
Receivables $70.06M $57.47M
Other Receivables $0.00 $0.00
Total Short-Term Assets $243.9M $183.3M
YoY Change 33.09% -3.47%
LONG-TERM ASSETS
Property, Plant & Equipment $27.13M $29.79M
YoY Change -8.94% -8.62%
Goodwill $18.52M $5.085M
YoY Change 264.11% 90.24%
Intangibles
YoY Change
Long-Term Investments $37.40M $43.20M
YoY Change -13.43% 24.86%
Other Assets $3.315M $2.933M
YoY Change 13.02% -7.74%
Total Long-Term Assets $178.6M $132.5M
YoY Change 34.87% 13.68%
TOTAL ASSETS
Total Short-Term Assets $243.9M $183.3M
Total Long-Term Assets $178.6M $132.5M
Total Assets $422.5M $315.7M
YoY Change 33.84% 3.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.82M $24.53M
YoY Change 13.43% 17.67%
Accrued Expenses $27.81M $25.85M
YoY Change 7.6% 15.35%
Deferred Revenue
YoY Change
Short-Term Debt $900.0K $0.00
YoY Change
Long-Term Debt Due $10.00M $9.600M
YoY Change 4.17%
Total Short-Term Liabilities $66.83M $60.00M
YoY Change 11.39% 38.72%
LONG-TERM LIABILITIES
Long-Term Debt $137.5M $63.80M
YoY Change 115.52% -31.69%
Other Long-Term Liabilities $20.83M $19.37M
YoY Change 7.54% 21.8%
Total Long-Term Liabilities $20.83M $19.37M
YoY Change 7.54% -82.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.83M $60.00M
Total Long-Term Liabilities $20.83M $19.37M
Total Liabilities $87.66M $79.36M
YoY Change 10.45% -49.77%
SHAREHOLDERS EQUITY
Retained Earnings $31.06M $28.62M
YoY Change 8.51% 85.43%
Common Stock $136.0K $127.0K
YoY Change 7.09% 0.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $186.7M $168.9M
YoY Change
Total Liabilities & Shareholders Equity $422.5M $315.7M
YoY Change 33.84% 3.05%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$3.202M -$568.0K
YoY Change 463.73% -201.61%
Depreciation, Depletion And Amortization $3.720M $2.670M
YoY Change 39.33% 18.14%
Cash From Operating Activities -$8.330M $2.340M
YoY Change -455.98% -36.59%
INVESTING ACTIVITIES
Capital Expenditures -$1.620M -$800.0K
YoY Change 102.5% -48.39%
Acquisitions
YoY Change
Other Investing Activities -$1.750M
YoY Change
Cash From Investing Activities -$3.380M -$800.0K
YoY Change 322.5% -48.39%
FINANCING ACTIVITIES
Cash Dividend Paid $506.0K $401.0K
YoY Change 26.18% 28.94%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.44M -3.180M
YoY Change -522.64% -3.34%
NET CHANGE
Cash From Operating Activities -8.330M 2.340M
Cash From Investing Activities -3.380M -800.0K
Cash From Financing Activities 13.44M -3.180M
Net Change In Cash 1.730M -1.640M
YoY Change -205.49% 42.61%
FREE CASH FLOW
Cash From Operating Activities -$8.330M $2.340M
Capital Expenditures -$1.620M -$800.0K
Free Cash Flow -$6.710M $3.140M
YoY Change -313.69% -40.08%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1147000
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-2254000
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1679000
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-259000
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13598921 shares
CY2014Q2 us-gaap Goodwill
Goodwill
18515000
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-22000
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
738000
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4356000
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-3194000
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-28000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1182000
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1134000
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13511864 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1740362 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.74
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2591487 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
271982 shares
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.06
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13511864 shares
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
66832000
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2008000
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1212000
CY2014Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
507000
CY2014Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
157546000
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
27823000
CY2014Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
40000000
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
20827000
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
186732000
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
31058000
CY2014Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2014Q2 us-gaap Loans Payable Current
LoansPayableCurrent
10000000
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2014Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
27808000
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6082000
CY2014Q2 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
278000
CY2014Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
97481000
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-65000
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16335000
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
136000
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
422537000
CY2014Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
10665000
CY2014Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
868000
CY2014Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
333000
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3315000
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
70059000
CY2014Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
37407000
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27127000
CY2014Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
149850000
CY2014Q2 us-gaap Goodwill Gross
GoodwillGross
18515000
CY2014Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
3994000
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
6200000
CY2014Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1398000
CY2014Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
18364000
CY2014Q2 us-gaap Assets
Assets
422537000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5229000
CY2014Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
153241000
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
8507338
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10230843
CY2014Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1993000
CY2014Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
110800000
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11365000
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
731000
CY2014Q2 us-gaap Assets Current
AssetsCurrent
243888000
CY2014Q2 lcut Indefinite Lived Trade Name Accumulated Impairment Loss
IndefiniteLivedTradeNameAccumulatedImpairmentLoss
CY2014Q2 lcut Intangible Assets Gross
IntangibleAssetsGross
127135000
CY2014Q2 lcut Reduction In Income Tax Liability If Tax Positions Sustained
ReductionInIncomeTaxLiabilityIfTaxPositionsSustained
278000
CY2014Q2 lcut Indefinite Lived Trade Names Gross
IndefiniteLivedTradeNamesGross
18364000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-2804000
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 Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1871000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1160000
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12777407 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 Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 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 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 Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-2944000
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
146273000
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
21426000
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
18644000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
180905000
CY2013Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
3937000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
38224000
CY2013Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
41095000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5209000
CY2013Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
49231000
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 Common Stock Value
CommonStockValue
128000
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 Goodwill
Goodwill
5085000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
87217000
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
108340000
CY2013Q4 us-gaap Goodwill Gross
GoodwillGross
5085000
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
3940000
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2485000
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 Indefinite Lived Trade Names
IndefiniteLivedTradeNames
18364000
CY2013Q4 us-gaap Assets
Assets
336739000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4947000
CY2013Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
112791000
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1966000
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 Indefinite Lived Trade Name Accumulated Impairment Loss
IndefiniteLivedTradeNameAccumulatedImpairmentLoss
CY2013Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
68342000
CY2013Q4 lcut Indefinite Lived Trade Names Gross
IndefiniteLivedTradeNamesGross
18364000
CY2014Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
8047000
CY2014Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
8805000
CY2014Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
1859000
CY2014Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
14267000
CY2014Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
72546000
CY2014Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
17912000
CY2014Q1 lcut Business Acquisition Purchase Price Allocation Intangible Assets And Goodwill
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAndGoodwill
55360000
CY2014Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
501000
CY2014Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
506000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06250
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
27304000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12784000 shares
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.09
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
338000
us-gaap Sales Revenue Net
SalesRevenueNet
195633000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1992000
us-gaap Payments Of Dividends
PaymentsOfDividends
720000
us-gaap Income Taxes Paid
IncomeTaxesPaid
4891000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
18000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-234000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
107208000
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
3229000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
244000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3500000
us-gaap Interest Paid
InterestPaid
1842000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2414000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-390000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-39877000
us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
809000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3512000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1320000
us-gaap Gross Profit
GrossProfit
72668000
us-gaap Operating Income Loss
OperatingIncomeLoss
-103000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-804000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
224294000
us-gaap Net Income Loss
NetIncomeLoss
-1200000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7970000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-120000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
122965000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-25826000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
180000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-26000
us-gaap Share Based Compensation
ShareBasedCompensation
1393000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
32000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5190000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-689000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1992000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-3112000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
51558000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-876000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-175000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
163000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1400000
us-gaap Interest Expense
InterestExpense
2311000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3615000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
676000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
88155000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
266000
us-gaap Restructuring Charges
RestructuringCharges
288000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-26000
lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
390000
lcut Distribution Expenses
DistributionExpenses
20925000
lcut Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Income Taxes Minority Interests And Income Loss From Equity Method Investments
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestsAndIncomeLossFromEquityMethodInvestments
-1930000
lcut Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionsProFormaEarningsPerShareBasicAndDiluted
-0.06
lcut Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-459000
dei Trading Symbol
TradingSymbol
LCUT
dei Entity Registrant Name
EntityRegistrantName
LIFETIME BRANDS, INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000874396
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M10D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
394400 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
18.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.46
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.07500
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
12000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
18.83
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-7403000
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13379000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
131563 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
31000 shares
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 2010.
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.46
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.10
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y11M12D
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-167000
us-gaap Sales Revenue Net
SalesRevenueNet
233732000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2783000
us-gaap Payments Of Dividends
PaymentsOfDividends
1007000
us-gaap Income Taxes Paid
IncomeTaxesPaid
4406000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
9000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-167000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
90853000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-34000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-319000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
20625000
us-gaap Interest Paid
InterestPaid
2421000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8735000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-33180000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1732000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4419000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1375000
us-gaap Gross Profit
GrossProfit
85184000
us-gaap Operating Income Loss
OperatingIncomeLoss
-5354000
us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
682000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4050000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-4987000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
233732000
us-gaap Net Income Loss
NetIncomeLoss
-6131000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18960000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1712000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
148548000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
77337000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-14000
us-gaap Share Based Compensation
ShareBasedCompensation
1439000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
156000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7329000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
282000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-69669000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-17356000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
65607000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2771000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
17000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
23000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
900000
us-gaap Interest Expense
InterestExpense
3062000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3277000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
70000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1460000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
138869000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
311000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
50000000
us-gaap Restructuring Charges
RestructuringCharges
125000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-14000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
868000
lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
-1732000
lcut Distribution Expenses
DistributionExpenses
24806000
lcut Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Income Taxes Minority Interests And Income Loss From Equity Method Investments
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestsAndIncomeLossFromEquityMethodInvestments
-6860000
lcut Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionsProFormaEarningsPerShareBasicAndDiluted
-0.37
lcut Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-530000
CY2013 lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.61 pure
CY2012 lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.58 pure
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03125
CY2013Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
245575 shares
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12808000 shares
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
92000
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
96976000
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
9000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
231000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1137000
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1515000
CY2013Q2 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
360000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1839000
CY2013Q2 us-gaap Gross Profit
GrossProfit
36356000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
12000
CY2013Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-783000
CY2013Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
110665000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-568000
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1271000
CY2013Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
60620000
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-13000
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
722000
CY2013Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2667000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25927000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-477000
CY2013Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3200000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
154000
CY2013Q2 us-gaap Interest Expense
InterestExpense
1149000
CY2013Q2 lcut Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionsProFormaEarningsPerShareBasicAndDiluted
-0.06
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2014Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-08-15
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03750
CY2014Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13483000 shares
CY2013Q2 us-gaap Restructuring Charges
RestructuringCharges
288000
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-13000
CY2013Q2 lcut Distribution Expenses
DistributionExpenses
10129000
CY2013Q2 lcut Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Income Taxes Minority Interests And Income Loss From Equity Method Investments
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestsAndIncomeLossFromEquityMethodInvestments
-1345000
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.24
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
41000
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
115321000
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
5000
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-43000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4829000
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1042000
CY2014Q2 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
312000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2196000
CY2014Q2 us-gaap Gross Profit
GrossProfit
40852000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3157000
CY2014Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-2910000
CY2014Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
115321000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-3202000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1006000
CY2014Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
74469000
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-7000
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
713000
CY2014Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3716000
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31424000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1586000
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
29000
CY2014Q2 us-gaap Interest Expense
InterestExpense
1672000
CY2014Q2 us-gaap Restructuring Charges
RestructuringCharges
125000
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-7000
CY2014Q2 lcut Distribution Expenses
DistributionExpenses
12460000
CY2014Q2 lcut Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Income Taxes Minority Interests And Income Loss From Equity Method Investments
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestsAndIncomeLossFromEquityMethodInvestments
-4350000
CY2014Q2 lcut Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionsProFormaEarningsPerShareBasicAndDiluted
-0.21

Files In Submission

Name View Source Status
0001193125-14-300541-index-headers.html Edgar Link pending
0001193125-14-300541-index.html Edgar Link pending
0001193125-14-300541.txt Edgar Link pending
0001193125-14-300541-xbrl.zip Edgar Link pending
d750329d10q.htm Edgar Link pending
d750329dex311.htm Edgar Link pending
d750329dex312.htm Edgar Link pending
d750329dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lcut-20140630.xml Edgar Link completed
lcut-20140630.xsd Edgar Link pending
lcut-20140630_cal.xml Edgar Link unprocessable
lcut-20140630_def.xml Edgar Link unprocessable
lcut-20140630_lab.xml Edgar Link unprocessable
lcut-20140630_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
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending