$LCUT
LIFETIME BRANDS, INC

2020 Q2 Form 10-Q Financial Statement

#000162828020012004 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $150.1M $142.5M
YoY Change 5.33% -4.11%
Cost Of Revenue $95.97M $98.52M
YoY Change -2.58% 2.01%
Gross Profit $54.17M $44.02M
YoY Change 23.06% -15.47%
Gross Profit Margin 36.08% 30.88%
Selling, General & Admin $34.43M $40.85M
YoY Change -15.72% 2.02%
% of Gross Profit 63.56% 92.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.070M $6.290M
YoY Change -3.5% -2.02%
% of Gross Profit 11.21% 14.29%
Operating Expenses $34.43M $40.85M
YoY Change -15.72% 2.02%
Operating Profit $4.296M -$12.55M
YoY Change -134.24% 280.04%
Interest Expense $4.230M $5.044M
YoY Change -16.14% 7.87%
% of Operating Profit 98.46%
Other Income/Expense, Net
YoY Change
Pretax Income -$98.00K -$17.24M
YoY Change -99.43% 116.11%
Income Tax $3.000M -$5.800M
% Of Pretax Income
Net Earnings -$3.977M -$11.51M
YoY Change -65.46% 90.08%
Net Earnings / Revenue -2.65% -8.08%
Basic Earnings Per Share -$0.19 -$0.56
Diluted Earnings Per Share -$0.19 -$0.56
COMMON SHARES
Basic Shares Outstanding 20.82M shares 20.92M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.50M $10.50M
YoY Change 504.76% 75.0%
Cash & Equivalents $63.54M $10.54M
Short-Term Investments
Other Short-Term Assets $12.20M $12.70M
YoY Change -3.94% -13.61%
Inventory $168.9M $205.6M
Prepaid Expenses
Receivables $111.4M $91.11M
Other Receivables $2.400M $10.70M
Total Short-Term Assets $358.5M $330.7M
YoY Change 8.43% 4.71%
LONG-TERM ASSETS
Property, Plant & Equipment $25.10M $26.56M
YoY Change -5.51% 3.59%
Goodwill $30.27M $92.64M
YoY Change -67.32% -6.88%
Intangibles
YoY Change
Long-Term Investments $17.00M $20.90M
YoY Change -18.66% -11.06%
Other Assets $2.743M $3.345M
YoY Change -18.0% 70.49%
Total Long-Term Assets $395.3M $492.0M
YoY Change -19.67% 15.43%
TOTAL ASSETS
Total Short-Term Assets $358.5M $330.7M
Total Long-Term Assets $395.3M $492.0M
Total Assets $753.8M $822.7M
YoY Change -8.37% 10.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.68M $48.50M
YoY Change 37.49% 10.43%
Accrued Expenses $62.11M $50.97M
YoY Change 21.87% -3.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $13.50M $13.30M
YoY Change 1.5% 1008.33%
Total Short-Term Liabilities $153.0M $123.9M
YoY Change 23.48% 26.19%
LONG-TERM LIABILITIES
Long-Term Debt $269.7M $295.0M
YoY Change -8.58% -8.64%
Other Long-Term Liabilities $16.16M $10.06M
YoY Change 60.71% -51.77%
Total Long-Term Liabilities $16.16M $10.06M
YoY Change 60.71% -51.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $153.0M $123.9M
Total Long-Term Liabilities $16.16M $10.06M
Total Liabilities $169.1M $133.9M
YoY Change 26.28% 12.53%
SHAREHOLDERS EQUITY
Retained Earnings -$26.81M $37.09M
YoY Change -172.29% -9.81%
Common Stock $218.0K $213.0K
YoY Change 2.35% 2.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $194.9M $263.1M
YoY Change
Total Liabilities & Shareholders Equity $753.8M $822.7M
YoY Change -8.37% 10.87%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$3.977M -$11.51M
YoY Change -65.46% 90.08%
Depreciation, Depletion And Amortization $6.070M $6.290M
YoY Change -3.5% -2.02%
Cash From Operating Activities $32.52M -$10.33M
YoY Change -414.81% -43.58%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$2.480M
YoY Change -93.55% 226.32%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$160.0K -$2.480M
YoY Change -93.55% 226.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -54.07M 17.17M
YoY Change -414.91% 27.85%
NET CHANGE
Cash From Operating Activities 32.52M -10.33M
Cash From Investing Activities -160.0K -2.480M
Cash From Financing Activities -54.07M 17.17M
Net Change In Cash -21.71M 4.360M
YoY Change -597.94% -177.3%
FREE CASH FLOW
Cash From Operating Activities $32.52M -$10.33M
Capital Expenditures -$160.0K -$2.480M
Free Cash Flow $32.68M -$7.850M
YoY Change -516.31% -55.27%

Facts In Submission

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dei Entity Registrant Name
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LIFETIME BRANDS, INC.
dei Entity Incorporation State Country Code
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DE
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CY2019Q1 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
232000 USD
CY2019Q1 us-gaap Dividends
Dividends
898000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
276311000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-11513000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13472000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1186000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
133000 USD
CY2019Q2 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
158000 USD
CY2019Q2 us-gaap Dividends
Dividends
896000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
263104000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
236317000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-28164000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4458000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2877000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-20000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-35479000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1320000 USD
CY2020Q1 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
299000 USD
CY2020Q1 us-gaap Dividends
Dividends
932000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
200927000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-3977000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2514000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
101000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-19000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6371000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1415000 USD
CY2020Q2 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
187000 USD
CY2020Q2 us-gaap Dividends
Dividends
913000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
194871000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
us-gaap Net Income Loss
NetIncomeLoss
-32141000 USD
us-gaap Net Income Loss
NetIncomeLoss
-16380000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
12295000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
12649000 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
20100000 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
878000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
876000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2415000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
350000 USD
lcut Non Cash Lease Expense
NonCashLeaseExpense
2020000 USD
lcut Non Cash Lease Expense
NonCashLeaseExpense
1156000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2987000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
386000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2746000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2100000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-509000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-185000 USD
lcut Stock Keeping Units Rationalization
StockKeepingUnitsRationalization
0 USD
lcut Stock Keeping Units Rationalization
StockKeepingUnitsRationalization
8500000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12661000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-33798000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2398000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
40900000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-782000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1218000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
39430000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
15587000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
871000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
9247000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
66209000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7142000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1380000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3867000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1380000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3867000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
95851000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
136455000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
99134000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
133497000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
7583000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1375000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
50000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
12000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
486000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
390000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
133000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
937000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
1786000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12339000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-472000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-323000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
52167000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2888000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11370000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7647000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63537000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10535000 USD
lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.60
lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.62
CY2019Q2 lcut Sku Rationalization Charged To Cost Of Sales
SkuRationalizationChargedToCostOfSales
8500000 USD
CY2019Q2 lcut Percentage Of Inventory Effected
PercentageOfInventoryEffected
0.08
CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
160704000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
165950000 USD
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
442000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
61000 USD
CY2020Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7782000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7416000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
168928000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
173427000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150140000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142536000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295210000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
292462000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150140000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142536000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295210000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
292462000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4491000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4907000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
9305000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
9131000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
7285000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
7975000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
115488000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8819000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17795000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17920000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17914000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17585000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
17564000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
54209000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
151806000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
34951000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
116855000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2020Q2 us-gaap Discontinued Operation Equity Method Investment Retained After Disposal Ownership Interest Prior To Disposal
DiscontinuedOperationEquityMethodInvestmentRetainedAfterDisposalOwnershipInterestPriorToDisposal
1
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-200000 USD
CY2020Q2 us-gaap Goodwill Gross
GoodwillGross
49371000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
19100000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
30271000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
92361000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
42990000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
49371000 USD
CY2020Q2 lcut Intangible Assets Gross
IntangibleAssetsGross
347581000 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
20100000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
76966000 USD
CY2020Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
250515000 USD
CY2019Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
393558000 USD
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
42990000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
70097000 USD
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
280471000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
37500 shares
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
101000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
982000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2776000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1578000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-200000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-400000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1508325 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3750 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.86
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
229175 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
13.14
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1312900 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.28
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M18D
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
14000 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
999919 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
14.28
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y2M12D
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
903000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1420000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1420000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1193000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2746000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-3977000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-11513000 USD
us-gaap Net Income Loss
NetIncomeLoss
-32141000 USD
us-gaap Net Income Loss
NetIncomeLoss
-16380000 USD
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20824000 shares
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20545000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20784000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20527000 shares
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.56
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.55
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.80
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2088000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2148000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1882000 shares
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000000.0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-700000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
30.929
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.022
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5800000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8300000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.336
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.338
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150140000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142536000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295210000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
292462000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4296000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-12545000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-20949000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-14832000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6061000 USD
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6290000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
12295000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
12649000 USD
CY2020Q2 us-gaap Assets
Assets
753802000 USD
CY2019Q4 us-gaap Assets
Assets
770023000 USD
lcut Number Of Tableware Collections
NumberOfTablewareCollections
7 tablewareCollection
lcut Number Of Remaining Tableware Collections
NumberOfRemainingTablewareCollections
29 tablewareCollection
lcut Period Of Investigation
PeriodOfInvestigation
P5Y
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
900000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
us-gaap Interest Paid Net
InterestPaidNet
8070000 USD
us-gaap Interest Paid Net
InterestPaidNet
9066000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
173000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
993000 USD
lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
-7207000 USD
lcut Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
-1647000 USD

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0001628280-20-012004-index.html Edgar Link pending
0001628280-20-012004.txt Edgar Link pending
0001628280-20-012004-xbrl.zip Edgar Link pending
ex-31206302020.htm Edgar Link pending
ex31106302020.htm Edgar Link pending
ex32106302020.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lcut-20200630.htm Edgar Link pending
lcut-20200630.xsd Edgar Link pending
lcut-20200630_cal.xml Edgar Link unprocessable
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