$LCUT
LIFETIME BRANDS, INC

2019 Q1 Form 10-K Financial Statement

#000119312519075025 Filed on March 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2017 Q4 2016
Revenue $149.9M $182.8M $592.6M
YoY Change 26.87% -5.53% 0.84%
Cost Of Revenue $95.61M $111.5M $375.7M
YoY Change 30.82% -5.91% 0.65%
Gross Profit $54.32M $71.20M $216.9M
YoY Change 20.48% -5.07% 1.17%
Gross Profit Margin 36.23% 38.95% 36.6%
Selling, General & Admin $40.14M $65.10M $130.4M
YoY Change -0.09% 32.59% -3.34%
% of Gross Profit 73.89% 91.43% 60.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.360M $3.490M $8.000M
YoY Change 47.56% 44.81% 11.11%
% of Gross Profit 11.71% 4.9% 3.69%
Operating Expenses $40.14M $65.10M $130.4M
YoY Change -0.09% 32.86% -3.34%
Operating Profit -$2.287M $6.100M $27.08M
YoY Change -82.83% -76.54% 11.75%
Interest Expense $4.922M $4.000M $4.803M
YoY Change 134.05% -183.33% -16.41%
% of Operating Profit 65.57% 17.74%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.209M $9.700M $22.11M
YoY Change -53.45% -52.68% 0.08%
Income Tax -$2.500M -$332.8M $7.030M
% Of Pretax Income -3430.93% 31.79%
Net Earnings -$4.867M $1.300M $15.72M
YoY Change -58.04% -91.16% 28.03%
Net Earnings / Revenue -3.25% 0.71% 2.65%
Basic Earnings Per Share -$0.24 $1.11
Diluted Earnings Per Share -$0.24 $86.09K $1.08
COMMON SHARES
Basic Shares Outstanding 20.76M 14.82M shares 14.17M
Diluted Shares Outstanding 14.55M

Balance Sheet

Concept 2019 Q1 2017 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.100M $7.600M $7.900M
YoY Change -48.74% -3.8% 11.27%
Cash & Equivalents $6.143M $7.600M $7.900M
Short-Term Investments
Other Short-Term Assets $10.90M $10.40M $8.800M
YoY Change -33.13% 18.18% 0.0%
Inventory $187.3M $132.4M $135.2M
Prepaid Expenses
Receivables $92.73M $108.0M $104.6M
Other Receivables $4.000M $0.00 $0.00
Total Short-Term Assets $301.0M $258.4M $256.4M
YoY Change 2.62% 0.77% 5.34%
LONG-TERM ASSETS
Property, Plant & Equipment $26.07M $23.07M $21.10M
YoY Change -3.63% 9.15% -15.26%
Goodwill $92.90M $15.77M
YoY Change -6.05% 11.06%
Intangibles $72.71M
YoY Change -3.08%
Long-Term Investments $22.20M $24.00M $22.70M
YoY Change -9.39% 5.73% -9.2%
Other Assets $2.390M $1.750M $10.30M
YoY Change 18.61% -7.21% 21.18%
Total Long-Term Assets $479.4M $143.1M $143.5M
YoY Change 10.56% -0.22% -7.36%
TOTAL ASSETS
Total Short-Term Assets $301.0M $258.4M $256.4M
Total Long-Term Assets $479.4M $143.1M $143.5M
Total Assets $780.4M $401.5M $399.9M
YoY Change 7.36% 0.42% 0.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.02M $25.46M $29.70M
YoY Change -6.16% -14.27% 9.19%
Accrued Expenses $48.60M $44.12M $44.60M
YoY Change -2.0% -2.41% 14.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $100.0K $100.0K
YoY Change -100.0% 0.0% -66.67%
Long-Term Debt Due $10.80M $0.00 $9.300M
YoY Change 730.77% -100.0% -52.55%
Total Short-Term Liabilities $101.6M $71.52M $91.30M
YoY Change 19.21% -21.66% -0.11%
LONG-TERM LIABILITIES
Long-Term Debt $279.4M $94.70M $86.20M
YoY Change -9.46% 9.86% 7.21%
Other Long-Term Liabilities $10.07M $20.25M $19.00M
YoY Change -51.04% 6.73% 2.15%
Total Long-Term Liabilities $10.07M $20.25M $105.2M
YoY Change -51.04% 6.73% 6.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $101.6M $71.52M $91.30M
Total Long-Term Liabilities $10.07M $20.25M $105.2M
Total Liabilities $111.7M $91.76M $202.1M
YoY Change 5.56% -16.77% 1.61%
SHAREHOLDERS EQUITY
Retained Earnings $49.50M $60.55M
YoY Change 2.98% -0.71%
Common Stock $209.0K $149.0K
YoY Change 1.46% 2.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $276.3M $210.3M $197.7M
YoY Change
Total Liabilities & Shareholders Equity $780.4M $401.5M $399.9M
YoY Change 7.36% 0.42% 0.4%

Cashflow Statement

Concept 2019 Q1 2017 Q4 2016
OPERATING ACTIVITIES
Net Income -$4.867M $1.300M $15.72M
YoY Change -58.04% -91.16% 28.03%
Depreciation, Depletion And Amortization $6.360M $3.490M $8.000M
YoY Change 47.56% 44.81% 11.11%
Cash From Operating Activities $17.47M $37.93M $29.75M
YoY Change 39.33% -36.93% -36.04%
INVESTING ACTIVITIES
Capital Expenditures $1.393M -$2.040M $3.380M
YoY Change -42.15% 45.71% -34.57%
Acquisitions
YoY Change
Other Investing Activities $0.00 $10.00K -$21.07M
YoY Change -100.0% -100.08% -15150.0%
Cash From Investing Activities -$1.393M -$2.030M -$24.45M
YoY Change -99.37% -85.13% 386.04%
FINANCING ACTIVITIES
Cash Dividend Paid $906.0K $2.413M
YoY Change 38.96% 12.23%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$17.64M -33.90M -4.165M
YoY Change -108.32% -23.44% -89.36%
NET CHANGE
Cash From Operating Activities $17.47M 37.93M 29.75M
Cash From Investing Activities -$1.393M -2.030M -24.45M
Cash From Financing Activities -$17.64M -33.90M -4.165M
Net Change In Cash -$1.504M 2.000M 752.0K
YoY Change -134.94% -9.5% -67.86%
FREE CASH FLOW
Cash From Operating Activities $17.47M $37.93M $29.75M
Capital Expenditures $1.393M -$2.040M $3.380M
Free Cash Flow $16.08M $39.97M $26.37M
YoY Change 58.7% -35.05% -36.22%

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<div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 18pt; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Advertising expenses </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 6pt; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Advertising expenses are expensed as incurred and are included in selling, general and administrative expenses. Advertising expenses were $4.4&#160;million, $3.4&#160;million and $3.7&#160;million for the years ended December&#160;31, 2018, 2017 and 2016, respectively. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018 us-gaap Concentration Risk Credit Risk
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<div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 18pt; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration of credit risk </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 6pt; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;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. </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 12pt; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company&#8217;s customer base. </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 12pt; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">During the years ended December&#160;31, 2018, 2017 and 2016, Wal-Mart Stores,&#160;Inc., including Sam&#8217;s Club and, in the United Kingdom, Asda Superstore, (&#8220;Walmart&#8221;), accounted for 14%, 15% and 16% of net sales, respectively. During the year ended December&#160;31, 2016, Costco Wholesale Corporation, (&#8220;Costco&#8221;), accounted for 10% of net sales. Sales to Walmart are included in the Company&#8217;s U.S. and International segments. Sales to Costco are primarily included in the U.S. segment. No other customers accounted for 10% or more of the Company&#8217;s sales during these periods. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="margin: 0.25in 0px 0.0001pt 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt;"><div style="font-weight:bold;display:inline;">Accounting pronouncements to be adopted in future periods </div></div><div style="margin: 6pt 0px 0.0001pt 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt;">Updates not listed below were assessed and either determined to not be applicable or are expected to have a minimal effect on the Company&#8217;s financial position, results of operations, and disclosures.</div><div style="margin: 12pt 0px 0.0001pt 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt;">In February 2018, the FASB issued ASU 2018-02, <div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income Statement- Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income</div>, 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 &#8220;Tax Act&#8221;) on December&#160;22, 2017. The guidance is effective for fiscal years beginning after December&#160;15, 2018, with early adoption permitted. Upon adoption, the Company does not expect to elect to reclassify the stranded income tax effects of the Tax Act from accumulated other comprehensive income to retained earnings.</div><div style="margin: 12pt 0px 0.0001pt 0in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In August 2016, the FASB issued ASU 2016-15, </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">, 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&#160;15, 2018, and interim periods within fiscal years beginning after December&#160;15, 2019. Early adoption is permitted.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 12pt; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In February 2016, the FASB issued ASU 2016-02, </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Leases (Topic 842), </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">which requires a lessee, in most leases, to initially recognize a lease liability for the obligation to make lease payments and a right-of-use asset for the right to use the underlying asset for the lease term. The guidance is effective for fiscal years beginning after December&#160;15, 2018, and interim periods within those years. The guidance requires adoption using a modified retrospective transition approach with either 1) periods prior to the adoption date being recast or 2) a cumulative-effect adjustment recognized to the opening balance of retained earnings on the adoption date with prior periods not recast.&#160;The Company adopted this standard on January&#160;1, 2019 using the cumulative-effect adjustment method and elected certain practical expedients allowed under the standard. The Company&#8217;s project team assessed the effect of the adoption of this standard on its accounting policies, business processes, internal controls over financial reporting and related disclosures. Upon adoption, the Company estimates assets and liabilities will increase by approximately $91.0 million and $104.5 million, respectively. Changes in the Company&#8217;s lease population or changes in incremental borrowing rates may alter this estimate. The Company does not expect to recognize a material cumulative-effect adjustment to retained earnings upon adoption. The Company will provide expanded disclosures as a result of the guidance upon adoption. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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0.5
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435000
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Dividends
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Land
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Land
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17000
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4002000
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1951000
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ProfitLoss
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57000
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-540000
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545000
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544000
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GainLossOnDispositionOfAssets1
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379000
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421000
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Depreciation
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Depreciation
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14.28
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66850
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77000
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94000
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68000
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CY2017 us-gaap Proceeds From Stock Options Exercised
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2537000
CY2016 us-gaap Proceeds From Stock Options Exercised
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2353000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
561000
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
644000
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
86000
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
223000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
205288000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2297000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4165000
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-236000
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
376000
CY2016 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-384000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
47000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-283000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
752000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7600000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7883000
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.44
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
272325
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.01
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
30750
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
16238000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
14898000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
14498000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
14744000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
14589000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
62698000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
137665000
CY2018Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
7927000
CY2018Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
8485000
CY2018Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
8942000
CY2018Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
926000
CY2018Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
156000
CY2018Q4 us-gaap Contractual Obligation
ContractualObligation
26436000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
18400000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
16800000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
16600000
CY2018 lcut Lease Agreements Expiration Year
LeaseAgreementsExpirationYear
2029
CY2018 lcut Licensing Rights Expiration Date
LicensingRightsExpirationDate
2023
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
150000000
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
2063000
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
CY2016 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-1720000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
2154000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
15720000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19452000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14505000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14174000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
450000
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
375000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19452000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14955000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14549000
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.39
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2982000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2903000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
230577
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
27.16
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1775400
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.44
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
125750
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
17.38
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
300000
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.34
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
45700
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.40
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
99250
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
20.40
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1456200
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.64
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
205750
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.56
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
58000
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.93
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
22375
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.95
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
32750
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
15.50
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1548825
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.87
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1279825
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.76
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y2M12D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
450500
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
450500
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
970000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7071000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
734000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
264000
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
93895000
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2205000
CY2018Q4 us-gaap Goodwill
Goodwill
91690000
CY2017Q4 us-gaap Goodwill Gross
GoodwillGross
15772000
CY2017Q4 us-gaap Goodwill
Goodwill
15772000
CY2018Q4 lcut Indefinite Lived Trade Names Gross
IndefiniteLivedTradeNamesGross
58216000
CY2018Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
58216000
CY2017Q4 lcut Indefinite Lived Trade Names Gross
IndefiniteLivedTradeNamesGross
7616000
CY2017Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
7616000
CY2018Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
393639000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
126729000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
38250000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
5455000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
17728000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
22114000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-4946000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-6949000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-112000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
509000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10779000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
22002000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
775000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
7041000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8000000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
351000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
957000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
498000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-323000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
483000
CY2018 lcut Net Deferred Income Tax Expense Benefit
NetDeferredIncomeTaxExpenseBenefit
2086000
CY2017 lcut Net Deferred Income Tax Expense Benefit
NetDeferredIncomeTaxExpenseBenefit
1030000
CY2016 lcut Net Deferred Income Tax Expense Benefit
NetDeferredIncomeTaxExpenseBenefit
-1951000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2889000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9032000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7030000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52587000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
3504000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
2212000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.144
CY2018Q4 lcut Deferred Tax Assets Accrued Compensation And Benefits
DeferredTaxAssetsAccruedCompensationAndBenefits
1026000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.021
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1446000
CY2017Q4 lcut Deferred Tax Assets Accrued Compensation And Benefits
DeferredTaxAssetsAccruedCompensationAndBenefits
623000
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
5.676
CY2017Q4 lcut Deferred Tax Assets Depreciation And Amortization
DeferredTaxAssetsDepreciationAndAmortization
247000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7902000
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.838
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4114000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
27534000
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
8732000
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
8788000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.320
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1753000
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1882000
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
18516000
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13215000
CY2017Q4 lcut Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
4427000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2850000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2540000
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.974
CY2018Q4 lcut Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
-11558000
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3024000
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1403000
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
161000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
109000
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.061
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.036
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-1.103
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.072
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6311000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3380000
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
157000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.079
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
2.285
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.037
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.034
CY2017 lcut Tax Cuts And Jobs Act Of2017 Change In Tax Rate Reconciliation Revaluation Of Deferred Tax Assets
TaxCutsAndJobsActOf2017ChangeInTaxRateReconciliationRevaluationOfDeferredTaxAssets
0.277
CY2017 lcut Tax Cuts And Jobs Act Of2017 Tax Rate Reconciliation Transition Tax Income Tax Expense Benefit
TaxCutsAndJobsActOf2017TaxRateReconciliationTransitionTaxIncomeTaxExpenseBenefit
0.031
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
626000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
82000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
114000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
30000
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
48000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1975000
CY2017Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
24000
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2000000
CY2017Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
161000
CY2016Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
109000
CY2017 lcut Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
338000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
247157000
CY2017 lcut Tax Cuts And Jobs Act Of2017 Change In Net Deferred Tax Liabilities Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInNetDeferredTaxLiabilitiesProvisionalIncomeTaxExpenseBenefit
3000000
CY2018 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 2015
CY2018 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-1524000
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
672000
CY2018 lcut Intangible Assets Including Goodwill Foreign Currency Translation Gain Loss
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CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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PaymentsOfStockIssuanceCosts
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
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275000000
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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NonIncomeTaxRelatedContingencies
1900000
CY2018 lcut Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
700000
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
78795000
CY2018Q4 lcut Reporting Unit Percentage Of Carrying Value In Excess Of Fair Value
ReportingUnitPercentageOfCarryingValueInExcessOfFairValue
0.12
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DebtInstrumentQuarterlyRepaymentPercentageOfPrincipalAmount
0.0025
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IntangibleAssetsIncludingGoodwillForeignCurrencyTranslationGainLoss
-3960000
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6831000
CY2018 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
CY2017 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
9072000
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PaymentsToAcquireBusinessesNetOfCashAcquired
216527000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
CY2018 lcut Maximum Debt Instrument Leverage Ratio
MaximumDebtInstrumentLeverageRatio
3.75
CY2018Q4 lcut Unamortized Debt Issuance Expense Current
UnamortizedDebtIssuanceExpenseCurrent
1500000
CY2018 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.010
CY2019Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2019-05-15
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
72707000
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
93000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
23000
CY2017 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
2823000
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GoodwillForeignCurrencyTranslationGainLoss
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PaymentsToAcquireBusinessTwoNetOfCashAcquired
21699000
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78492000
CY2015Q4 us-gaap Goodwill
Goodwill
18101000
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96593000
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FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
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CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
3900000
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IntangibleAssetsIncludingGoodwillForeignCurrencyTranslationGainLoss
15300000
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AmortizationOfIntangibleAssets
6161000
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IntangibleAssetsNetExcludingGoodwill
75018000
CY2016Q4 us-gaap Goodwill
Goodwill
14201000
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IntangibleAssetsNetIncludingGoodwill
89219000
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GoodwillAcquiredDuringPeriod
434000
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
132000
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
135000
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0.17
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CommonStockDividendsPerShareDeclared
0.17
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CommonStockDividendsPerShareDeclared
0.17
CY2018 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
200000
CY2018Q4 lcut Non Income Tax Liability Non Current
NonIncomeTaxLiabilityNonCurrent
1860000
CY2017Q4 lcut Non Income Tax Liability Non Current
NonIncomeTaxLiabilityNonCurrent
CY2018Q4 lcut Royalty Obligation Payable Non Current
RoyaltyObligationPayableNonCurrent
1324000
CY2017Q4 lcut Royalty Obligation Payable Non Current
RoyaltyObligationPayableNonCurrent
CY2016 us-gaap Valuation Allowances And Reserves Reserves Of Businesses Acquired
ValuationAllowancesAndReservesReservesOfBusinessesAcquired
0
CY2015 us-gaap Valuation Allowances And Reserves Reserves Of Businesses Acquired
ValuationAllowancesAndReservesReservesOfBusinessesAcquired
0
CY2017 us-gaap Valuation Allowances And Reserves Reserves Of Businesses Acquired
ValuationAllowancesAndReservesReservesOfBusinessesAcquired
0
CY2018Q4 us-gaap Assets
Assets
708572000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.006
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1302000
CY2018Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0
CY2017Q4 us-gaap Assets
Assets
401521000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
3.028
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
7855000
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
6190000
CY2018 us-gaap Valuation Allowances And Reserves Reserves Of Businesses Acquired
ValuationAllowancesAndReservesReservesOfBusinessesAcquired
421000
CY2018 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
-3838000
CY2016Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5725000
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
4926000
CY2017 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
-4461000
CY2015Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5300000
CY2016 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
5237000
CY2016 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
-4812000
CY2014Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
6663000
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
6730000
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
-8093000
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
5082000
CY2018 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The Term Loan bears interest, at the Company&#8217;s option, at one of the following rates: (i) an alternate base rate, defined, for any day, as the greater of the prime rate, a federal funds and overnight bank funding based rate, plus 0.5% or one-month LIBOR (at the Company&#8217;s option), plus 1.0%, plus a margin of 2.50% or (ii) LIBOR plus a margin of 3.50%.
CY2018 us-gaap Debt Instrument Description
DebtInstrumentDescription
The Incremental Facilities may not exceed the sum of (i) $50.0 million, plus (ii) an unlimited amount so long as, in the case of (ii) only, the Company's secured net leverage ratio, as defined in and computed pursuant to the Term Loan, is no greater than 3.75 to 1.00 subject to certain limitations and for the period defined pursuant to the Term Loan.
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2911000
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7094000
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9828000
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7011000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2750000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2750000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2750000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2750000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2750000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
259188000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
272938000
CY2018 lcut Tax Cuts And Jobs Act Of2017 Change In Tax Rate Reconciliation Revaluation Of Deferred Tax Assets
TaxCutsAndJobsActOf2017ChangeInTaxRateReconciliationRevaluationOfDeferredTaxAssets
0.168
CY2018 lcut Tax Cuts And Jobs Act Of2017 Tax Rate Reconciliation Transition Tax Income Tax Expense Benefit
TaxCutsAndJobsActOf2017TaxRateReconciliationTransitionTaxIncomeTaxExpenseBenefit
0.430
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.185
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.275
CY2018Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
29000
CY2018Q4 lcut Deferred Tax Liabilities Business Acquisition
DeferredTaxLiabilitiesBusinessAcquisition
13900000
CY2018Q4 lcut Deferred Tax Liabilities Uncertain Tax Positions
DeferredTaxLiabilitiesUncertainTaxPositions
300000
CY2018Q4 lcut Deferred Tax Liabilities Deferred Expense Interest Accrued
DeferredTaxLiabilitiesDeferredExpenseInterestAccrued
1000000
CY2018Q4 lcut Reduction In Income Tax Liability If Tax Positions Sustained
ReductionInIncomeTaxLiabilityIfTaxPositionsSustained
2000000
CY2018 dei Document Type
DocumentType
10-K
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Entity Registrant Name
EntityRegistrantName
LIFETIME BRANDS, INC
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0000874396
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2018Q2 dei Entity Public Float
EntityPublicFloat
159784161
CY2018 dei Trading Symbol
TradingSymbol
LCUT
CY2019Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
20756392
CY2018 dei Entity Shell Company
EntityShellCompany
false
CY2018 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018 dei Entity Small Business
EntitySmallBusiness
true
CY2018Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
949000
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
14408000

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