$LCUT
LIFETIME BRANDS, INC

2021 Q2 Form 10-Q Financial Statement

#000162828021015876 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q3 2020 Q2
Revenue $186.6M $224.8M $150.1M
YoY Change 24.31% 4.29% 5.33%
Cost Of Revenue $120.5M $146.0M $95.97M
YoY Change 25.53% 2.38% -2.58%
Gross Profit $66.16M $78.79M $54.17M
YoY Change 22.14% 8.02% 23.06%
Gross Profit Margin 35.45% 35.06% 36.08%
Selling, General & Admin $36.23M $38.33M $34.43M
YoY Change 5.23% 2.5% -15.72%
% of Gross Profit 54.76% 48.64% 63.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.763M $6.090M $6.070M
YoY Change -5.06% -0.49% -3.5%
% of Gross Profit 8.71% 7.73% 11.21%
Operating Expenses $36.23M $38.33M $34.43M
YoY Change 5.23% 2.5% -15.72%
Operating Profit $11.00M $21.51M $4.296M
YoY Change 156.08% 210.38% -134.24%
Interest Expense $3.819M $4.128M $4.230M
YoY Change -9.72% -25.47% -16.14%
% of Operating Profit 34.72% 19.19% 98.46%
Other Income/Expense, Net
YoY Change
Pretax Income $7.228M $17.48M -$98.00K
YoY Change -7475.51% 894.71% -99.43%
Income Tax $1.800M $3.700M $3.000M
% Of Pretax Income 24.9% 21.17%
Net Earnings $5.789M $13.91M -$3.977M
YoY Change -245.56% -202.91% -65.46%
Net Earnings / Revenue 3.1% 6.19% -2.65%
Basic Earnings Per Share $0.27 $0.66 -$0.19
Diluted Earnings Per Share $0.26 $0.65 -$0.19
COMMON SHARES
Basic Shares Outstanding 21.32M shares 20.94M shares 20.82M shares
Diluted Shares Outstanding 21.97M shares

Balance Sheet

Concept 2021 Q2 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.35M $42.70M $63.50M
YoY Change -47.49% 789.58% 504.76%
Cash & Equivalents $33.35M $42.68M $63.54M
Short-Term Investments
Other Short-Term Assets $9.140M $9.600M $12.20M
YoY Change -25.08% -2.04% -3.94%
Inventory $218.2M $209.8M $168.9M
Prepaid Expenses
Receivables $120.5M $180.3M $111.4M
Other Receivables $1.750M $0.00 $2.400M
Total Short-Term Assets $382.9M $442.4M $358.5M
YoY Change 6.8% 8.84% 8.43%
LONG-TERM ASSETS
Property, Plant & Equipment $22.54M $23.84M $25.10M
YoY Change -10.18% -15.55% -5.51%
Goodwill $30.27M $30.27M $30.27M
YoY Change 0.0% -63.36% -67.32%
Intangibles
YoY Change
Long-Term Investments $23.78M $17.70M $17.00M
YoY Change 39.87% -12.81% -18.66%
Other Assets $2.048M $2.559M $2.743M
YoY Change -25.34% -34.8% -18.0%
Total Long-Term Assets $376.6M $389.4M $395.3M
YoY Change -4.71% -18.4% -19.67%
TOTAL ASSETS
Total Short-Term Assets $382.9M $442.4M $358.5M
Total Long-Term Assets $376.6M $389.4M $395.3M
Total Assets $759.6M $831.8M $753.8M
YoY Change 0.76% -5.87% -8.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.39M $109.5M $66.68M
YoY Change -16.93% 61.56% 37.49%
Accrued Expenses $78.07M $81.17M $62.11M
YoY Change 25.68% 39.34% 21.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.53M $18.50M $13.50M
YoY Change -14.59% 330.23% 1.5%
Total Short-Term Liabilities $157.3M $222.0M $153.0M
YoY Change 2.82% 52.65% 23.48%
LONG-TERM LIABILITIES
Long-Term Debt $235.4M $263.4M $269.7M
YoY Change -12.73% -24.74% -8.58%
Other Long-Term Liabilities $15.17M $16.39M $16.16M
YoY Change -6.1% 49.21% 60.71%
Total Long-Term Liabilities $15.17M $16.39M $16.16M
YoY Change -6.1% 49.21% 60.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $157.3M $222.0M $153.0M
Total Long-Term Liabilities $15.17M $16.39M $16.16M
Total Liabilities $172.5M $238.4M $169.1M
YoY Change 1.97% 52.41% 26.28%
SHAREHOLDERS EQUITY
Retained Earnings $7.423M -$13.84M -$26.81M
YoY Change -127.68% -161.16% -172.29%
Common Stock $220.0K $218.0K $218.0K
YoY Change 0.92% 2.35% 2.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $241.8M $211.8M $194.9M
YoY Change
Total Liabilities & Shareholders Equity $759.6M $831.8M $753.8M
YoY Change 0.76% -5.87% -8.37%

Cashflow Statement

Concept 2021 Q2 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $5.789M $13.91M -$3.977M
YoY Change -245.56% -202.91% -65.46%
Depreciation, Depletion And Amortization $5.763M $6.090M $6.070M
YoY Change -5.06% -0.49% -3.5%
Cash From Operating Activities $5.851M -$17.00M $32.52M
YoY Change -82.01% -63.91% -414.81%
INVESTING ACTIVITIES
Capital Expenditures -$1.827M -$270.0K -$160.0K
YoY Change 1041.88% -92.8% -93.55%
Acquisitions
YoY Change
Other Investing Activities $2.000K
YoY Change
Cash From Investing Activities -$1.825M -$270.0K -$160.0K
YoY Change 1040.63% -92.8% -93.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.424M -3.900M -54.07M
YoY Change -97.37% -108.6% -414.91%
NET CHANGE
Cash From Operating Activities 5.851M -17.00M 32.52M
Cash From Investing Activities -1.825M -270.0K -160.0K
Cash From Financing Activities -1.424M -3.900M -54.07M
Net Change In Cash 2.602M -21.17M -21.71M
YoY Change -111.99% 284.91% -597.94%
FREE CASH FLOW
Cash From Operating Activities $5.851M -$17.00M $32.52M
Capital Expenditures -$1.827M -$270.0K -$160.0K
Free Cash Flow $7.678M -$16.73M $32.68M
YoY Change -76.51% -61.41% -516.31%

Facts In Submission

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LIFETIME BRANDS, INC.
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8460000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6371000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13210000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-41850000 USD
CY2020Q4 us-gaap Stockholders Equity
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230136000 USD
CY2021Q1 us-gaap Net Income Loss
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3067000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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1829000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-173000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-27000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4750000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1439000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
184000 USD
CY2021Q1 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
2160000 USD
CY2021Q1 us-gaap Dividends
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943000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
233406000 USD
CY2021Q2 us-gaap Net Income Loss
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5789000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2394000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
236000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-41000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8460000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1323000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
551000 USD
CY2021Q2 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
1025000 USD
CY2021Q2 us-gaap Dividends
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914000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
241801000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0850
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0850
CY2019Q4 us-gaap Stockholders Equity
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236317000 USD
CY2020Q1 us-gaap Net Income Loss
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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
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-35479000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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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
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-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
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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
0.0850
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0850
us-gaap Net Income Loss
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8856000 USD
us-gaap Net Income Loss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
11723000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
12295000 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
20100000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
876000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
878000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
544000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2415000 USD
lcut Non Cash Lease Expense
NonCashLeaseExpense
-768000 USD
lcut Non Cash Lease Expense
NonCashLeaseExpense
2020000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-146000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2987000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2772000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2746000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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-146000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
509000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-49943000 USD
us-gaap Increase Decrease In Accounts Receivable
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-12661000 USD
us-gaap Increase Decrease In Inventories
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14305000 USD
us-gaap Increase Decrease In Inventories
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-2398000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-2931000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-782000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-12516000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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39430000 USD
us-gaap Increase Decrease In Income Taxes Receivable
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1750000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
871000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4795000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
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42131000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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66209000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2497000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1380000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
178000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-2675000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1380000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10845000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
95851000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
38131000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
99134000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
10478000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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7583000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
43000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
50000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3185000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
486000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
735000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
1957000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
937000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-42214000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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140000 USD
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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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
52167000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35963000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11370000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33345000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63537000 USD
lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.62
lcut Percentage Of Annual Net Sales
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0.60
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
207250000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
194209000 USD
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
206000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
45000 USD
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
10728000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
8910000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
218184000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
203164000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9350000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186636000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150140000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
382289000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295210000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186636000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150140000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
382289000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295210000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4501000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4491000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
8996000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
9305000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
949000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
925000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1927000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1920000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
5450000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
5416000 USD
us-gaap Lease Cost
LeaseCost
10923000 USD
us-gaap Lease Cost
LeaseCost
11225000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
9764000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
7285000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1248000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18564000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18580000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18177000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18087000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
17515000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
39000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
139273000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
29329000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
109944000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2021Q2 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
CY2021Q2 us-gaap Goodwill Gross
GoodwillGross
30271000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
30271000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
49371000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
19100000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
30271000 USD
CY2021Q2 lcut Intangible Assets Gross
IntangibleAssetsGross
332759000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
96997000 USD
CY2021Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
235762000 USD
CY2020Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
352231000 USD
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
20100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
88106000 USD
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
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244025000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
236000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
101000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
63000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2776000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-500000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-800000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-1200000 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
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
14.29
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1286900 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.28
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
48000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
14.18
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
219025 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.59
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
4000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
19.10
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1111875 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.63
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M18D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2693000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
928415 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
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1420000 USD
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1836000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
656000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1328000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1328000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2772000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2746000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
5789000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-3977000 USD
us-gaap Net Income Loss
NetIncomeLoss
8856000 USD
us-gaap Net Income Loss
NetIncomeLoss
-32141000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21322000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20824000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21239000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20784000 shares
CY2021Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21965000 shares
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20824000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21903000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20784000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.328
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000000.0 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
423000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2088000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
422000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2100000 shares
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4200000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.253
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
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186636000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150140000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
382289000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295210000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11001000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4296000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
20247000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-20949000 USD
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5765000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6061000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
11723000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
12295000 USD
CY2021Q2 us-gaap Assets
Assets
759562000 USD
CY2020Q4 us-gaap Assets
Assets
807481000 USD
lcut Number Of Tableware Collections
NumberOfTablewareCollections
7 tablewareCollection
CY2020Q2 lcut Number Of Protests Filed
NumberOfProtestsFiled
3 protest
lcut Number Of Remaining Tableware Collections
NumberOfRemainingTablewareCollections
29 tablewareCollection
CY2020Q4 lcut Number Of Protests Approved
NumberOfProtestsApproved
1 protest
CY2020Q2 lcut Number Of Protests Filed
NumberOfProtestsFiled
3 protest
CY2021Q2 lcut Number Of Protests Pending
NumberOfProtestsPending
2 tablewareCollection
lcut Period Of Investigation
PeriodOfInvestigation
P5Y
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2021Q1 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
200000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
us-gaap Interest Paid Net
InterestPaidNet
6896000 USD
us-gaap Interest Paid Net
InterestPaidNet
8070000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10793000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
173000 USD
lcut Non Cash Foreign Currency Translation Gain Loss Adjustment
NonCashForeignCurrencyTranslationGainLossAdjustment
2181000 USD
lcut Non Cash Foreign Currency Translation Gain Loss Adjustment
NonCashForeignCurrencyTranslationGainLossAdjustment
-7207000 USD

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