2019 Q4 Form 10-Q Financial Statement

#000162828019013722 Filed on November 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $226.9M $215.5M $209.4M
YoY Change -0.61% 2.89% 26.21%
Cost Of Revenue $143.0M $142.6M $135.7M
YoY Change -0.35% 5.08% 24.73%
Gross Profit $83.90M $72.94M $73.79M
YoY Change -1.06% -1.14% 29.02%
Gross Profit Margin 36.98% 33.85% 35.23%
Selling, General & Admin $65.80M $37.39M $42.11M
YoY Change 8.05% -11.22% 23.54%
% of Gross Profit 78.43% 51.26% 57.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.350M $6.120M $6.080M
YoY Change -2.61% 0.66% 49.39%
% of Gross Profit 7.57% 8.39% 8.24%
Operating Expenses $65.80M $37.39M $42.11M
YoY Change 8.22% -11.22% 23.54%
Operating Profit $18.10M $6.929M $12.30M
YoY Change -24.58% -43.68% 31.82%
Interest Expense -$5.600M $5.539M $5.634M
YoY Change -1.75% -1.69% 380.72%
% of Operating Profit -30.94% 79.94% 45.79%
Other Income/Expense, Net
YoY Change
Pretax Income -$21.10M $1.757M $6.669M
YoY Change -221.97% -73.65% -18.28%
Income Tax -$5.700M $15.10M $900.0K
% Of Pretax Income 859.42% 13.5%
Net Earnings -$14.50M -$13.52M $5.948M
YoY Change -245.0% -327.29% 37.37%
Net Earnings / Revenue -6.39% -6.27% 2.84%
Basic Earnings Per Share -$0.66 $0.29
Diluted Earnings Per Share -$693.8K -$0.66 $0.29
COMMON SHARES
Basic Shares Outstanding 21.26M shares 20.43M shares 20.36M shares
Diluted Shares Outstanding 20.43M shares 20.48M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.40M $4.800M $5.800M
YoY Change 50.0% -17.24% 5.45%
Cash & Equivalents $11.37M $4.761M $5.763M
Short-Term Investments
Other Short-Term Assets $14.10M $9.800M $13.30M
YoY Change 30.56% -26.32% 87.32%
Inventory $173.4M $229.9M $209.2M
Prepaid Expenses
Receivables $128.6M $161.9M $147.5M
Other Receivables $1.600M $0.00 $3.000M
Total Short-Term Assets $329.2M $406.5M $378.7M
YoY Change 3.25% 7.33% 22.61%
LONG-TERM ASSETS
Property, Plant & Equipment $28.17M $28.23M $26.46M
YoY Change 9.34% 6.71% 31.68%
Goodwill $49.37M $82.61M $102.0M
YoY Change -46.15% -19.03% 547.17%
Intangibles $231.1M
YoY Change -6.5%
Long-Term Investments $21.30M $20.30M $25.00M
YoY Change -5.75% -18.8% 2.04%
Other Assets $4.071M $3.925M $1.825M
YoY Change 120.77% 115.07% 3.22%
Total Long-Term Assets $440.9M $477.2M $421.7M
YoY Change 13.11% 13.17% 191.15%
TOTAL ASSETS
Total Short-Term Assets $329.2M $406.5M $378.7M
Total Long-Term Assets $440.9M $477.2M $421.7M
Total Assets $770.0M $883.7M $800.4M
YoY Change 8.67% 10.41% 76.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.17M $67.78M $60.03M
YoY Change -5.22% 12.92% 25.09%
Accrued Expenses $52.06M $58.25M $61.29M
YoY Change 14.53% -4.96% 35.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $100.0K
YoY Change -100.0% 0.0%
Long-Term Debt Due $8.400M $4.300M $1.200M
YoY Change 546.15% 258.33%
Total Short-Term Liabilities $107.3M $145.5M $122.6M
YoY Change 26.43% 18.61% 31.24%
LONG-TERM LIABILITIES
Long-Term Debt $287.1M $350.0M $350.2M
YoY Change -5.81% -0.06% 172.53%
Other Long-Term Liabilities $12.21M $10.99M $21.17M
YoY Change -47.67% -48.09% 21.44%
Total Long-Term Liabilities $12.21M $10.99M $21.17M
YoY Change -47.67% -48.09% 21.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $107.3M $145.5M $122.6M
Total Long-Term Liabilities $12.21M $10.99M $21.17M
Total Liabilities $119.5M $156.4M $143.8M
YoY Change 10.45% 8.79% 29.7%
SHAREHOLDERS EQUITY
Retained Earnings $7.173M $22.63M $46.17M
YoY Change -87.02% -50.98% -22.92%
Common Stock $213.0K $213.0K $208.0K
YoY Change 2.4% 2.4% 40.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $236.3M $247.9M $272.0M
YoY Change
Total Liabilities & Shareholders Equity $770.0M $883.7M $800.4M
YoY Change 8.67% 10.41% 76.41%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$14.50M -$13.52M $5.948M
YoY Change -245.0% -327.29% 37.37%
Depreciation, Depletion And Amortization $6.350M $6.120M $6.080M
YoY Change -2.61% 0.66% 49.39%
Cash From Operating Activities $69.83M -$47.10M -$24.66M
YoY Change 40.76% 91.0% 48.29%
INVESTING ACTIVITIES
Capital Expenditures -$1.550M -$3.750M -$2.250M
YoY Change -37.5% 66.67% 44.23%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $410.0K
YoY Change -100.0% -100.0% -104.52%
Cash From Investing Activities -$1.550M -$3.750M -$1.840M
YoY Change 25.0% 103.8% -82.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.80M 45.35M 26.34M
YoY Change 33.1% 72.17% -7.77%
NET CHANGE
Cash From Operating Activities 69.83M -47.10M -24.66M
Cash From Investing Activities -1.550M -3.750M -1.840M
Cash From Financing Activities -61.80M 45.35M 26.34M
Net Change In Cash 6.480M -5.500M -160.0K
YoY Change 234.02% 3337.5% -112.31%
FREE CASH FLOW
Cash From Operating Activities $69.83M -$47.10M -$24.66M
Capital Expenditures -$1.550M -$3.750M -$2.250M
Free Cash Flow $71.38M -$43.35M -$22.41M
YoY Change 37.03% 93.44% 48.71%

Facts In Submission

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CY2018Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018Q1 us-gaap Comprehensive Income Net Of Tax
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CY2018Q1 us-gaap Stock Issued During Period Value Acquisitions
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838000 USD
CY2018Q1 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
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258000 USD
CY2018Q1 us-gaap Dividends
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CY2018Q1 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax
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CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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6000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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921000 USD
CY2018Q2 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
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CY2018Q2 us-gaap Dividends
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CY2018Q2 us-gaap Stockholders Equity
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CY2018Q3 us-gaap Net Income Loss
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124000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018Q3 us-gaap Comprehensive Income Net Of Tax
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5710000 USD
CY2018Q3 lcut Stock Issued During Period To Employees Value Restricted Stock Award Net Of Forfeitures
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CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1268000 USD
CY2019Q3 us-gaap Dividends
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937000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2018Q3 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
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45000 USD
CY2018Q3 us-gaap Dividends
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CY2018Q3 us-gaap Stockholders Equity
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0.1275
us-gaap Common Stock Dividends Per Share Declared
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CY2018Q4 us-gaap Stockholders Equity
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CY2019Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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1306000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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596000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019Q1 us-gaap Comprehensive Income Net Of Tax
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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900000 USD
CY2019Q1 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
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232000 USD
CY2019Q1 us-gaap Dividends
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898000 USD
CY2019Q1 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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982000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1186000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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133000 USD
CY2019Q2 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
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158000 USD
CY2019Q2 us-gaap Dividends
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CY2019Q2 us-gaap Stockholders Equity
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CY2019Q3 us-gaap Net Income Loss
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CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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151000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019Q3 us-gaap Comprehensive Income Net Of Tax
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CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 USD
CY2019Q3 lcut Stock Issued During Period To Employees Value Restricted Stock Award Net Of Forfeitures
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1498000 USD
CY2019Q3 us-gaap Stockholders Equity
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247925000 USD
us-gaap Common Stock Dividends Per Share Declared
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0.1275
us-gaap Common Stock Dividends Per Share Declared
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0.1275
us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation And Amortization
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18771000 USD
us-gaap Depreciation And Amortization
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16807000 USD
us-gaap Goodwill Impairment Loss
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9748000 USD
us-gaap Goodwill Impairment Loss
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2205000 USD
us-gaap Amortization Of Financing Costs
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1312000 USD
us-gaap Amortization Of Financing Costs
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1103000 USD
lcut Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
0 USD
lcut Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
357000 USD
lcut Non Cash Lease Expense
NonCashLeaseExpense
1050000 USD
lcut Non Cash Lease Expense
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0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3605000 USD
us-gaap Share Based Compensation
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3027000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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417000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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lcut Stock Keeping Units Rationalization
StockKeepingUnitsRationalization
8500000 USD
lcut Stock Keeping Units Rationalization
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0 USD
us-gaap Increase Decrease In Accounts Receivable
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37343000 USD
us-gaap Increase Decrease In Accounts Receivable
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13245000 USD
us-gaap Increase Decrease In Inventories
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66195000 USD
us-gaap Increase Decrease In Inventories
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51392000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-756000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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43465000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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29059000 USD
us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Increase Decrease In Income Taxes Receivable
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2952000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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4434000 USD
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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7618000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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5420000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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217521000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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208737000 USD
us-gaap Repayments Of Lines Of Credit
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210271000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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0 USD
us-gaap Proceeds From Long Term Lines Of Credit
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275000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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2063000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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1375000 USD
us-gaap Proceeds From Short Term Debt
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216000 USD
us-gaap Repayments Of Short Term Debt
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0 USD
us-gaap Repayments Of Short Term Debt
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206000 USD
us-gaap Payments Of Financing Costs
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0 USD
us-gaap Payments Of Financing Costs
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11171000 USD
us-gaap Payments Of Stock Issuance Costs
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0 USD
us-gaap Payments Of Stock Issuance Costs
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936000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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18000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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67000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
390000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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442000 USD
us-gaap Proceeds From Stock Options Exercised
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133000 USD
us-gaap Proceeds From Stock Options Exercised
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143000 USD
us-gaap Payments Of Dividends
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2693000 USD
us-gaap Payments Of Dividends
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2405000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44879000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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251723000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q2 lcut Percentage Of Inventory Effected
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0.08
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7647000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7600000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4761000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5763000 USD
CY2018 lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.62
CY2017 lcut Percentage Of Annual Net Sales
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0.60
CY2019Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
400000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
1100000 USD
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
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221863000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
165969000 USD
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
140000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
375000 USD
CY2019Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7944000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7257000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
229947000 USD
CY2018Q4 us-gaap Inventory Net
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173601000 USD
CY2019Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9700000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215502000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
507964000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215502000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
507964000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
164540000 USD
CY2019Q3 us-gaap Operating Lease Cost
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4796000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
13927000 USD
CY2019Q3 us-gaap Lease Cost
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4796000 USD
us-gaap Lease Cost
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13927000 USD
CY2019Q3 us-gaap Operating Lease Payments
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4902000 USD
us-gaap Operating Lease Payments
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12877000 USD
CY2019Q3 lcut Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
4902000 USD
lcut Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
12877000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2566000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
118054000 USD
CY2019Q3 lcut Right Of Use Assets Obtained In Exchange For Lease Obligations
RightOfUseAssetsObtainedInExchangeForLeaseObligations
2566000 USD
lcut Right Of Use Assets Obtained In Exchange For Lease Obligations
RightOfUseAssetsObtainedInExchangeForLeaseObligations
118054000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4922000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17655000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17538000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17642000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
17818000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
88965000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
40293000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
124247000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2019Q3 us-gaap Goodwill Gross
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92361000 USD
CY2019Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
9748000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
82613000 USD
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
93895000 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2205000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
91690000 USD
CY2019Q3 lcut Intangible Assets Gross
IntangibleAssetsGross
390458000 USD
CY2019Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
9748000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
64367000 USD
CY2019Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
316343000 USD
CY2018Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
393639000 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2205000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52587000 USD
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
338847000 USD
CY2019Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9700000 USD
CY2018Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2200000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
151000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-381000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1729000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-658000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1548825 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.87
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
296500 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.21
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
75000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.28
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
6750 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.34
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
240125 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
13.93
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1523450 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.43
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M12D
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
7200 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1040172 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
14.44
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y3M18D
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
7200 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1554000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1505000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1268000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3605000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3027000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-13519000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20429000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20357000 shares
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
5948000 USD
us-gaap Net Income Loss
NetIncomeLoss
-29899000 USD
us-gaap Net Income Loss
NetIncomeLoss
-11707000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20494000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19123000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20429000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20481000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20494000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19123000 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.66
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.61
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.66
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.61
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2128000 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1361000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2246000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1746000 shares
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6800000 USD
CY2019Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9700000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4700000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
lcut Sku Rationalization Charged To Cost Of Sales
SkuRationalizationChargedToCostOfSales
8500000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215502000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
209448000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
507964000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
476268000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6929000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12303000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-7903000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4314000 USD
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6122000 USD
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6076000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
18771000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
16807000 USD
CY2019Q3 us-gaap Assets
Assets
883732000 USD
CY2018Q4 us-gaap Assets
Assets
708572000 USD
CY2019Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
900000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.0425
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.0425
us-gaap Interest Paid Net
InterestPaidNet
13876000 USD
us-gaap Interest Paid Net
InterestPaidNet
11003000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
938000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2527000 USD
lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
4032000 USD
lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
1985000 USD

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