$LCUT
LIFETIME BRANDS, INC

2019 Q2 Form 10-Q Financial Statement

#000119312519143136 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $142.5M $149.9M $118.2M
YoY Change -4.11% 26.87% 4.25%
Cost Of Revenue $98.52M $95.61M $73.08M
YoY Change 2.01% 30.82% 5.28%
Gross Profit $44.02M $54.32M $45.09M
YoY Change -15.47% 20.48% 2.61%
Gross Profit Margin 30.88% 36.23% 38.15%
Selling, General & Admin $40.85M $40.14M $40.18M
YoY Change 2.02% -0.09% 24.07%
% of Gross Profit 92.8% 73.89% 89.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.290M $6.360M $4.310M
YoY Change -2.02% 47.56% 31.0%
% of Gross Profit 14.29% 11.71% 9.56%
Operating Expenses $40.85M $40.14M $40.18M
YoY Change 2.02% -0.09% 24.07%
Operating Profit -$12.55M -$2.287M -$13.32M
YoY Change 280.04% -82.83% 610.57%
Interest Expense $5.044M $4.922M $2.103M
YoY Change 7.87% 134.05% 123.49%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$17.24M -$7.209M -$15.49M
YoY Change 116.11% -53.45% 450.09%
Income Tax -$5.800M -$2.500M -$3.810M
% Of Pretax Income
Net Earnings -$11.51M -$4.867M -$11.60M
YoY Change 90.08% -58.04% 771.37%
Net Earnings / Revenue -8.08% -3.25% -9.81%
Basic Earnings Per Share -$0.56 -$0.24 -$0.70
Diluted Earnings Per Share -$0.56 -$0.24 -$0.70
COMMON SHARES
Basic Shares Outstanding 20.92M 20.76M 20.54M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.50M $6.100M $11.90M
YoY Change 75.0% -48.74% 88.89%
Cash & Equivalents $10.54M $6.143M $11.90M
Short-Term Investments
Other Short-Term Assets $12.70M $10.90M $16.30M
YoY Change -13.61% -33.13% 66.33%
Inventory $205.6M $187.3M $177.6M
Prepaid Expenses
Receivables $91.11M $92.73M $87.62M
Other Receivables $10.70M $4.000M $0.00
Total Short-Term Assets $330.7M $301.0M $293.4M
YoY Change 4.71% 2.62% 26.41%
LONG-TERM ASSETS
Property, Plant & Equipment $26.56M $26.07M $27.05M
YoY Change 3.59% -3.63% 36.0%
Goodwill $92.64M $92.90M $98.89M
YoY Change -6.88% -6.05% 589.27%
Intangibles
YoY Change
Long-Term Investments $20.90M $22.20M $24.50M
YoY Change -11.06% -9.39% 0.82%
Other Assets $3.345M $2.390M $2.015M
YoY Change 70.49% 18.61% 11.14%
Total Long-Term Assets $492.0M $479.4M $433.6M
YoY Change 15.43% 10.56% 204.09%
TOTAL ASSETS
Total Short-Term Assets $330.7M $301.0M $293.4M
Total Long-Term Assets $492.0M $479.4M $433.6M
Total Assets $822.7M $780.4M $726.9M
YoY Change 10.87% 7.36% 94.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.50M $32.02M $34.12M
YoY Change 10.43% -6.16% 28.42%
Accrued Expenses $50.97M $48.60M $49.59M
YoY Change -3.72% -2.0% 59.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% 0.0%
Long-Term Debt Due $13.30M $10.80M $1.300M
YoY Change 1008.33% 730.77% -81.16%
Total Short-Term Liabilities $123.9M $101.6M $85.25M
YoY Change 26.19% 19.21% 21.15%
LONG-TERM LIABILITIES
Long-Term Debt $295.0M $279.4M $308.6M
YoY Change -8.64% -9.46% 276.8%
Other Long-Term Liabilities $10.06M $10.07M $20.57M
YoY Change -51.77% -51.04% 15.1%
Total Long-Term Liabilities $10.06M $10.07M $20.57M
YoY Change -51.77% -51.04% 15.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $123.9M $101.6M $85.25M
Total Long-Term Liabilities $10.06M $10.07M $20.57M
Total Liabilities $133.9M $111.7M $105.8M
YoY Change 12.53% 5.56% 19.93%
SHAREHOLDERS EQUITY
Retained Earnings $37.09M $49.50M $48.07M
YoY Change -9.81% 2.98% -18.5%
Common Stock $213.0K $209.0K $206.0K
YoY Change 2.9% 1.46% 41.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $263.1M $276.3M $277.7M
YoY Change
Total Liabilities & Shareholders Equity $822.7M $780.4M $726.9M
YoY Change 10.87% 7.36% 94.03%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$11.51M -$4.867M -$11.60M
YoY Change 90.08% -58.04% 771.37%
Depreciation, Depletion And Amortization $6.290M $6.360M $4.310M
YoY Change -2.02% 47.56% 31.0%
Cash From Operating Activities -$10.33M $17.47M $12.54M
YoY Change -43.58% 39.33% 109.67%
INVESTING ACTIVITIES
Capital Expenditures -$2.480M $1.393M $2.408M
YoY Change 226.32% -42.15% 545.58%
Acquisitions $217.9M
YoY Change
Other Investing Activities $0.00 $0.00 -$217.9M
YoY Change -100.0%
Cash From Investing Activities -$2.480M -$1.393M -$220.3M
YoY Change 226.32% -99.37% 59451.35%
FINANCING ACTIVITIES
Cash Dividend Paid $906.0K $652.0K
YoY Change 38.96% 6.36%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.17M -$17.64M 212.0M
YoY Change 27.85% -108.32% -3023.5%
NET CHANGE
Cash From Operating Activities -10.33M $17.47M 12.54M
Cash From Investing Activities -2.480M -$1.393M -220.3M
Cash From Financing Activities 17.17M -$17.64M 212.0M
Net Change In Cash 4.360M -$1.504M 4.304M
YoY Change -177.3% -134.94% -362.44%
FREE CASH FLOW
Cash From Operating Activities -$10.33M $17.47M $12.54M
Capital Expenditures -$2.480M $1.393M $2.408M
Free Cash Flow -$7.850M $16.08M $10.13M
YoY Change -55.27% 58.7% 80.67%

Facts In Submission

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1504000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4304000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7647000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7600000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6143000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11904000
CY2019Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
688000
CY2018 lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.62
CY2017 lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.60
CY2019Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
179618000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
165969000
CY2019Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
208000
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
375000
CY2019Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7452000
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7257000
CY2019Q1 us-gaap Inventory Net
InventoryNet
187278000
CY2018Q4 us-gaap Inventory Net
InventoryNet
173601000
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3800000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-4867000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-11598000
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20510000
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16601000
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.24
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.70
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
CY2019Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
25000
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.19
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
4500
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.05
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
31000
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
16.53
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1488325
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.01
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M18D
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
219700
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1273686
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.91
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
219700
CY2018Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
200000
CY2018Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
600000
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
272900000
CY2019Q1 us-gaap Line Of Credit
LineOfCredit
272300000
CY2019Q1 lcut Unamortized Debt Issuance Expense Current
UnamortizedDebtIssuanceExpenseCurrent
1500000
CY2019Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
7100000
CY2019Q1 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.
CY2019Q1 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The term loan facility bears interest, at the Company’s option, at one of the following rates: (i) 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 plus 1.0%, plus a margin of 2.50% or (ii) LIBOR plus a margin of 3.50%.
CY2019Q1 lcut Minimum Amount Of Borrowing Availability Under Revolving Credit Facility
MinimumAmountOfBorrowingAvailabilityUnderRevolvingCreditFacility
15000000
CY2019Q1 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
232000
CY2019Q1 us-gaap Dividends
Dividends
898000
CY2019Q1 us-gaap Goodwill Gross
GoodwillGross
92902000
CY2019Q1 us-gaap Goodwill
Goodwill
92902000
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
93895000
CY2018Q4 us-gaap Goodwill
Goodwill
91690000
CY2019Q1 lcut Intangible Assets Gross
IntangibleAssetsGross
393590000
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
57156000
CY2019Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
336434000
CY2018Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
393639000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52587000
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
338847000
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.341
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.246
CY2019Q1 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2023-03-30
CY2019Q1 lcut Derivative Effective Date Month And Year
DerivativeEffectiveDateMonthAndYear
2018-04
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10257000
CY2019Q1 lcut Non Cash Lease Expense
NonCashLeaseExpense
544000
CY2019Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2550000
CY2019Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
300000
CY2019Q1 lcut Lessee Operating Lease Lease Not Yet Commenced Value
LesseeOperatingLeaseLeaseNotYetCommencedValue
19400000
CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-25941000
CY2019Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3700000
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
4224000
CY2019Q1 us-gaap Lease Cost
LeaseCost
4224000
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3680000
CY2019Q1 lcut Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
3680000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
94497000
CY2019Q1 lcut Right Of Use Assets Obtained In Exchange For Lease Obligations
RightOfUseAssetsObtainedInExchangeForLeaseObligations
94497000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
12891000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15251000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14901000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15006000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
15210000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
66130000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
139389000
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
32314000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
107075000
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2019Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
0
CY2019Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2019Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
0
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7264000
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-116000
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2018Q1 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
5593116
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
210279000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-11598000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3380000
CY2018Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-14000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8214000
CY2018Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
75976000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
838000
CY2018Q1 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
258000
CY2018Q1 us-gaap Dividends
Dividends
880000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
277741000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
279493000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-4867000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1306000
CY2019Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
596000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2952000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
900000
CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q1 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P15Y
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
276311000
CY2019Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-116000
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2205000
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2205000
CY2019Q1 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0100
CY2019Q1 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company’s 2015 U.S. Federal income tax return and New York State tax returns for years 2014-2016 remain under audit with no proposed adjustments as of March 31, 2019.
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
900000
CY2019Q1 dei Document Type
DocumentType
10-Q
CY2019Q1 dei Amendment Flag
AmendmentFlag
false
CY2019Q1 dei Document Period End Date
DocumentPeriodEndDate
2019-03-31
CY2019Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2019Q1 dei Entity Registrant Name
EntityRegistrantName
LIFETIME BRANDS, INC
CY2019Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000874396
CY2019Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2019Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2019Q1 dei Trading Symbol
TradingSymbol
LCUT
CY2019Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
20921967

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