$LCUT
LIFETIME BRANDS, INC

2018 Q2 Form 10-Q Financial Statement

#000119312518241401 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $148.7M $117.4M
YoY Change 26.63% -0.56%
Cost Of Revenue $96.57M $74.60M
YoY Change 29.46% -0.61%
Gross Profit $52.08M $42.80M
YoY Change 21.69% -0.46%
Gross Profit Margin 35.03% 36.46%
Selling, General & Admin $40.04M $33.10M
YoY Change 20.97% 10.91%
% of Gross Profit 76.89% 77.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.420M $3.340M
YoY Change 92.22% -6.7%
% of Gross Profit 12.33% 7.8%
Operating Expenses $40.04M $33.10M
YoY Change 20.97% 10.91%
Operating Profit -$3.301M -$3.141M
YoY Change 5.09% 990.63%
Interest Expense $4.676M $1.001M
YoY Change 367.13% -10.78%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$7.977M -$4.252M
YoY Change 87.61% 152.79%
Income Tax -$1.765M -$1.698M
% Of Pretax Income
Net Earnings -$6.057M -$2.096M
YoY Change 188.98% 75.99%
Net Earnings / Revenue -4.07% -1.79%
Basic Earnings Per Share -$0.30 -$0.14
Diluted Earnings Per Share -$0.30 -$0.14
COMMON SHARES
Basic Shares Outstanding 20.61M shares 14.58M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.000M $4.100M
YoY Change 46.34% -37.88%
Cash & Equivalents $5.999M $4.122M
Short-Term Investments
Other Short-Term Assets $14.70M $8.100M
YoY Change 81.48% -10.99%
Inventory $197.9M $167.4M
Prepaid Expenses
Receivables $93.10M $67.51M
Other Receivables $4.100M $4.300M
Total Short-Term Assets $315.8M $251.4M
YoY Change 25.6% -0.26%
LONG-TERM ASSETS
Property, Plant & Equipment $25.64M $20.65M
YoY Change 24.18% -9.86%
Goodwill $99.48M $14.84M
YoY Change 570.42% -18.02%
Intangibles
YoY Change
Long-Term Investments $23.50M $25.20M
YoY Change -6.75% 7.23%
Other Assets $1.962M $1.340M
YoY Change 46.42% -38.98%
Total Long-Term Assets $426.3M $143.8M
YoY Change 196.52% -3.59%
TOTAL ASSETS
Total Short-Term Assets $315.8M $251.4M
Total Long-Term Assets $426.3M $143.8M
Total Assets $742.0M $395.2M
YoY Change 87.77% -1.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.92M $33.98M
YoY Change 29.25% 30.97%
Accrued Expenses $52.94M $37.16M
YoY Change 42.46% 8.2%
Deferred Revenue
YoY Change
Short-Term Debt $100.0K $100.0K
YoY Change 0.0% 0.0%
Long-Term Debt Due $1.200M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $98.18M $71.26M
YoY Change 37.78% 1.43%
LONG-TERM LIABILITIES
Long-Term Debt $322.9M $99.00M
YoY Change 226.16% -10.33%
Other Long-Term Liabilities $20.85M $17.61M
YoY Change 18.38% -6.85%
Total Long-Term Liabilities $20.85M $17.61M
YoY Change 18.38% -6.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $98.18M $71.26M
Total Long-Term Liabilities $20.85M $17.61M
Total Liabilities $119.0M $88.87M
YoY Change 33.93% -0.33%
SHAREHOLDERS EQUITY
Retained Earnings $41.13M $56.21M
YoY Change -26.84% 37.01%
Common Stock $207.0K $148.0K
YoY Change 39.86% 2.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $265.8M $201.2M
YoY Change
Total Liabilities & Shareholders Equity $742.0M $395.2M
YoY Change 87.77% -1.5%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$6.057M -$2.096M
YoY Change 188.98% 75.99%
Depreciation, Depletion And Amortization $6.420M $3.340M
YoY Change 92.22% -6.7%
Cash From Operating Activities -$18.31M -$10.27M
YoY Change 78.29% -4.55%
INVESTING ACTIVITIES
Capital Expenditures -$760.0K -$2.340M
YoY Change -67.52% 609.09%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$760.0K -$2.340M
YoY Change -67.52% 515.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.43M 10.29M
YoY Change 30.52% -13.82%
NET CHANGE
Cash From Operating Activities -18.31M -10.27M
Cash From Investing Activities -760.0K -2.340M
Cash From Financing Activities 13.43M 10.29M
Net Change In Cash -5.640M -2.320M
YoY Change 143.1% -390.0%
FREE CASH FLOW
Cash From Operating Activities -$18.31M -$10.27M
Capital Expenditures -$760.0K -$2.340M
Free Cash Flow -$17.55M -$7.930M
YoY Change 121.31% -23.97%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Accounting pronouncements to be adopted in future periods</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Updates not listed below were assessed and either determined to not be applicable or are expected to have a minimal effect on the Company&#x2019;s financial position, results of operations, and disclosures.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In February 2018, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) issued ASU <font style="WHITE-SPACE: nowrap">2018-02,</font> <i>Income Statement- Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income</i>, which addresses the effect on items within accumulated other comprehensive income (loss) of the change in the U.S. federal corporate tax rate due to the enactment of the Tax Cuts and Jobs Act (the &#x201C;Tax Act&#x201D;) on December&#xA0;22, 2017. The guidance is effective for fiscal years beginning after December&#xA0;15, 2018, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In January 2017, the FASB issued ASU <font style="WHITE-SPACE: nowrap">2017-04,</font> <i>Intangibles &#x2013; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</i>, to simplify the subsequent measurement of goodwill by eliminating the second step of the goodwill impairment test. Under this standard, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit&#x2019;s fair value. The loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This guidance is effective for interim and annual goodwill impairment tests in fiscal years beginning after December&#xA0;15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January&#xA0;1, 2017. The Company is evaluating the effect of adopting this pronouncement.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In August 2016, the FASB issued ASU <font style="WHITE-SPACE: nowrap">2016-15,</font> <i>Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments</i>, which reduces the diversity in practice on how certain transactions are classified in the statement of cash flows. The guidance is effective for fiscal years beginning after December&#xA0;15, 2018, and interim periods within fiscal years beginning after December&#xA0;15, 2019. Early adoption is permitted. The Company is evaluating the effect of adopting this pronouncement.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In February 2016, the FASB issued ASU <font style="WHITE-SPACE: nowrap">2016-02,</font> <i>Leases (Topic 842),</i> which requires a lessee, in most leases, to initially recognize a lease liability for the obligation to make lease payments and a <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">right-of-use</font></font> asset for the right to use the underlying asset for the lease term. The guidance is effective for fiscal years beginning after December&#xA0;15, 2018, and interim periods within with those years. Early adoption is permitted. The Company is in the process of evaluating the effect the guidance will have on its existing accounting policies and its consolidated financial statements, but expects there will be an increase in assets and liabilities on the consolidated balance sheets at adoption due to the recording of the <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">right-of-use</font></font> assets and corresponding lease liabilities, which the Company estimates be material.</p> </div>
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Type
DocumentType
10-Q
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-118000
dei Entity Registrant Name
EntityRegistrantName
LIFETIME BRANDS, INC
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.96
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
dei Entity Central Index Key
EntityCentralIndexKey
0000874396
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.96
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Gross Profit
GrossProfit
97165000
us-gaap Income Taxes Paid
IncomeTaxesPaid
2763000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-66000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
83978000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
4095000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4242000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-23462000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
232000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
232000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5575000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5766000
us-gaap Net Income Loss
NetIncomeLoss
-17655000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
185000
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 2014.
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
5170000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-41441000
us-gaap Interest Expense
InterestExpense
6779000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
39555000
us-gaap Interest Paid Net
InterestPaidNet
5614000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-221100000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
225383000
us-gaap Payments Of Dividends
PaymentsOfDividends
1535000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
398000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2109000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2351000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-35000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11154000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
275000000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
936000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
688000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-277000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
217932000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3168000
us-gaap Operating Income Loss
OperatingIncomeLoss
-16617000
us-gaap Profit Loss
ProfitLoss
-17655000
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
71000
us-gaap Restricted Stock Expense
RestrictedStockExpense
1400000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
24000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
126283000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
79000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
80217000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y8M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
9250 shares
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
161173000
us-gaap Restructuring Charges
RestructuringCharges
801000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
266820000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
266820000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
17.95
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.56
us-gaap Share Based Compensation
ShareBasedCompensation
1759000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
13875 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M12D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
17.43
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
400000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
205750 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18474000 shares
dei Trading Symbol
TradingSymbol
LCUT
lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
-2109000
lcut Distribution Expenses
DistributionExpenses
32764000
lcut Intangible Assets Including Goodwill Foreign Currency Translation Gain Loss
IntangibleAssetsIncludingGoodwillForeignCurrencyTranslationGainLoss
841000
lcut Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
368000
lcut Derivative Effective Date Month And Year
DerivativeEffectiveDateMonthAndYear
2018-04
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2017 lcut Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
3300000
CY2017 lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.60 pure
CY2016 lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.61 pure
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1233000
CY2017Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
74596000
CY2017Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3348000
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.14
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2017Q2 us-gaap Gross Profit
GrossProfit
42797000
CY2017Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-110000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4252000
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
458000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1698000
CY2017Q2 us-gaap Interest Expense
InterestExpense
1001000
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
3312000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-2096000
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3329000
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-16000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3141000
CY2017Q2 us-gaap Restructuring Charges
RestructuringCharges
254000
CY2017Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
500000
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
33102000
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
117393000
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
117393000
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
200000
CY2017Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
200000
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14456000 shares
CY2017Q2 lcut Distribution Expenses
DistributionExpenses
12582000
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11792000
CY2018Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
96573000
CY2018Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6422000
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.30
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2018Q2 us-gaap Gross Profit
GrossProfit
52078000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7977000
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
155000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1765000
CY2018Q2 us-gaap Interest Expense
InterestExpense
4676000
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-5489000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-6057000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5735000
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-17000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-263000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3301000
CY2018Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
700000
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
40042000
CY2018Q2 us-gaap Restructuring Charges
RestructuringCharges
395000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
148651000
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
148651000
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
900000
CY2018Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
200000
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20327000 shares
CY2018Q2 lcut Distribution Expenses
DistributionExpenses
14942000

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