$LCUT
LIFETIME BRANDS, INC

2022 Q3 Form 10-Q Financial Statement

#000162828022021087 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $186.6M $151.3M $182.7M
YoY Change -16.99% -18.93% -6.61%
Cost Of Revenue $118.8M $96.15M $119.6M
YoY Change -16.17% -20.19% -7.72%
Gross Profit $67.83M $55.17M $63.07M
YoY Change -18.39% -16.62% -4.44%
Gross Profit Margin 36.35% 36.46% 34.52%
Selling, General & Admin $36.46M $38.26M $39.49M
YoY Change -14.29% 5.6% 3.62%
% of Gross Profit 53.75% 69.35% 62.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.598M $5.038M $4.899M
YoY Change -21.23% -12.58% -17.8%
% of Gross Profit 6.78% 9.13% 7.77%
Operating Expenses $36.46M $38.26M $39.49M
YoY Change -14.29% 5.6% 3.62%
Operating Profit $7.590M -$464.0K $4.355M
YoY Change -64.99% -104.22% -52.9%
Interest Expense $4.581M $3.732M $3.767M
YoY Change 19.45% -2.28% -6.15%
% of Operating Profit 60.36% 86.5%
Other Income/Expense, Net
YoY Change
Pretax Income $3.646M -$3.892M $1.637M
YoY Change -79.7% -153.85% -71.43%
Income Tax $1.800M -$100.0K $1.700M
% Of Pretax Income 49.37% 103.85%
Net Earnings -$6.358M -$3.460M $380.0K
YoY Change -150.58% -159.77% -87.61%
Net Earnings / Revenue -3.41% -2.29% 0.21%
Basic Earnings Per Share -$0.30 -$0.16 $0.02
Diluted Earnings Per Share -$0.30 -$0.16 $0.02
COMMON SHARES
Basic Shares Outstanding 22.06M shares 21.53M shares 21.76M shares
Diluted Shares Outstanding 21.52M shares 21.53M shares 22.15M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.930M $7.197M $14.85M
YoY Change -31.7% -78.42% -51.48%
Cash & Equivalents $5.930M $7.197M $14.85M
Short-Term Investments
Other Short-Term Assets $10.09M $14.93M $13.24M
YoY Change 12.23% 63.39% 31.06%
Inventory $269.7M $295.1M $275.2M
Prepaid Expenses
Receivables $135.3M $106.2M $117.3M
Other Receivables $2.583M $3.729M $0.00
Total Short-Term Assets $423.7M $427.2M $420.6M
YoY Change -4.54% 11.56% 10.02%
LONG-TERM ASSETS
Property, Plant & Equipment $17.74M $18.74M $19.53M
YoY Change -17.99% -16.87% -11.92%
Goodwill $33.24M $33.24M $33.37M
YoY Change 9.8% 9.8% 10.25%
Intangibles $184.3M $188.1M $191.9M
YoY Change
Long-Term Investments $14.42M $22.10M $22.77M
YoY Change -34.86% -7.07% 7.93%
Other Assets $7.117M $2.281M $2.157M
YoY Change 257.46% 11.38% 2.28%
Total Long-Term Assets $333.3M $345.5M $354.3M
YoY Change -8.94% -8.26% -6.79%
TOTAL ASSETS
Total Short-Term Assets $423.7M $427.2M $420.6M
Total Long-Term Assets $333.3M $345.5M $354.3M
Total Assets $756.9M $772.7M $774.9M
YoY Change -6.53% 1.73% 1.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.96M $61.85M $62.86M
YoY Change -29.1% 11.66% 3.78%
Accrued Expenses $79.12M $79.51M $85.41M
YoY Change -27.13% 1.85% 14.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $30.00K $0.00
YoY Change
Long-Term Debt Due $0.00 $4.581M $1.088M
YoY Change -100.0% -60.27% -90.62%
Total Short-Term Liabilities $135.9M $180.2M $164.8M
YoY Change -29.3% 14.56% -0.65%
LONG-TERM LIABILITIES
Long-Term Debt $242.5M $237.6M $240.7M
YoY Change 0.91% 0.93% 2.43%
Other Long-Term Liabilities $16.66M $11.63M $11.69M
YoY Change 12.7% -23.34% -25.53%
Total Long-Term Liabilities $259.2M $249.2M $11.69M
YoY Change 1653.58% 1542.26% -25.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $135.9M $180.2M $164.8M
Total Long-Term Liabilities $259.2M $249.2M $11.69M
Total Liabilities $395.1M $429.4M $176.5M
YoY Change 90.82% 148.98% -2.8%
SHAREHOLDERS EQUITY
Retained Earnings $437.0K $8.224M $16.84M
YoY Change -97.7% 10.79% 560.87%
Common Stock $220.0K $221.0K $223.0K
YoY Change 0.0% 0.45% 1.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $236.3M $245.4M $255.7M
YoY Change
Total Liabilities & Shareholders Equity $756.9M $772.7M $774.9M
YoY Change -6.53% 1.73% 1.64%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$6.358M -$3.460M $380.0K
YoY Change -150.58% -159.77% -87.61%
Depreciation, Depletion And Amortization $4.598M $5.038M $4.899M
YoY Change -21.23% -12.58% -17.8%
Cash From Operating Activities -$11.23M -$22.26M $13.40M
YoY Change -59.22% -480.46% -63.06%
INVESTING ACTIVITIES
Capital Expenditures -$496.0K -$1.097M -$382.0K
YoY Change -42.59% -39.96% -156.68%
Acquisitions $17.98M
YoY Change 9999.44%
Other Investing Activities $0.00 $21.00K -$17.98M
YoY Change -100.0% 950.0% 9887.22%
Cash From Investing Activities -$496.0K -$1.076M -$18.36M
YoY Change -122.58% -41.04% 2054.81%
FINANCING ACTIVITIES
Cash Dividend Paid $1.004M
YoY Change -0.59%
Common Stock Issuance & Retirement, Net $671.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.68M 15.90M -$8.155M
YoY Change 1311.1% -1216.57% -80.01%
NET CHANGE
Cash From Operating Activities -11.23M -22.26M $13.40M
Cash From Investing Activities -496.0K -1.076M -$18.36M
Cash From Financing Activities 10.68M 15.90M -$8.155M
Net Change In Cash -1.042M -7.437M -$13.14M
YoY Change -95.76% -385.82% 146.82%
FREE CASH FLOW
Cash From Operating Activities -$11.23M -$22.26M $13.40M
Capital Expenditures -$496.0K -$1.097M -$382.0K
Free Cash Flow -$10.73M -$21.16M $13.79M
YoY Change -59.76% -375.64% -61.28%

Facts In Submission

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dei Document Period End Date
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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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dei Entity Tax Identification Number
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-3328000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2671000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2807000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4354000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6788000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8460000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5887000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13210000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
255646000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
380000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
521000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1151000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
233000 usd
CY2022Q1 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
568000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
671000 usd
CY2022Q1 us-gaap Dividends
Dividends
960000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
255732000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-3460000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3328000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1280000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 usd
CY2022Q2 lcut Shares Repurchased For Tax Withholding For Share Based Compensation Value
SharesRepurchasedForTaxWithholdingForShareBasedCompensationValue
370000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3528000 usd
CY2022Q2 us-gaap Dividends
Dividends
958000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
245368000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
230136000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
3067000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1683000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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
Dividends
943000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
233406000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
5789000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2671000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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
Dividends
914000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
241801000 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
-3080000 usd
us-gaap Net Income Loss
NetIncomeLoss
8856000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9937000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
11723000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
843000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
876000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1353000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
544000 usd
lcut Non Cash Lease Expense
NonCashLeaseExpense
-690000 usd
lcut Non Cash Lease Expense
NonCashLeaseExpense
-768000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-258000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-146000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2539000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2772000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
750000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
146000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-69500000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-49943000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25325000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14305000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
816000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2931000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-55117000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-12516000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
3729000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1750000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-558000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4795000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8857000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42131000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1479000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2497000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
178000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19435000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2675000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
30000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
31000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
31000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
17000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
43000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
938000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3185000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
233000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
735000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4199000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1929000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1957000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7745000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-42214000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-238000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20785000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2618000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27982000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35963000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7197000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33345000 usd
lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.56
lcut Percentage Of Annual Net Sales
PercentageOfAnnualNetSales
0.62
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
283764000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
259916000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
90000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
159000 usd
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11285000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
10441000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
295139000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
270516000 usd
lcut Adoption Of New Accounting Pronouncement
AdoptionOfNewAccountingPronouncement
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Adoption of new accounting pronouncements</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Effective January 1, 2022, the Company adopted ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers. The adoption did not have a material impact on the Company’s condensed consolidated financial statements.</span></div>
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
151314000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186636000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
334031000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
382289000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
151314000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186636000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
334031000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
382289000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4521000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4501000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8929000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8996000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1174000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
949000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2345000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1927000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
5695000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
5450000 usd
us-gaap Lease Cost
LeaseCost
11274000 usd
us-gaap Lease Cost
LeaseCost
10923000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
9618000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
9764000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2452000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1248000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9753000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19067000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18541000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17935000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17233000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13154000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
23703000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
119386000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22111000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
97275000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
33237000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
33237000 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
30271000 usd
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2021Q4 us-gaap Goodwill
Goodwill
30271000 usd
CY2022Q2 lcut Intangible Assets Gross
IntangibleAssetsGross
302489000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
81183000 usd
CY2022Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
221306000 usd
CY2021Q4 lcut Intangible Assets Gross
IntangibleAssetsGross
331385000 usd
CY2021Q4 lcut Accumulated Impairment Of Intangible Assets Including Goodwill
AccumulatedImpairmentOfIntangibleAssetsIncludingGoodwill
-14760000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
103947000 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
212678000 usd
CY2022Q2 lcut Finite Lived Intangible Assets Reduction For Impairment Gross
FiniteLivedIntangibleAssetsReductionForImpairmentGross
44100000 usd
CY2022Q2 lcut Finite Lived Intangible Assets Reduction For Impairment Accumulated Amortization
FiniteLivedIntangibleAssetsReductionForImpairmentAccumulatedAmortization
-29300000 usd
CY2021Q4 lcut Accumulated Impairment Of Intangible Assets Finite Lived
AccumulatedImpairmentOfIntangibleAssetsFiniteLived
14800000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
182407000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
30271000 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
212678000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2966000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2966000 usd
us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-217000 usd
us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-217000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7121000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7121000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
188069000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
33237000 usd
CY2022Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
221306000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
950000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
236000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1558000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
63000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
100000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
20000.00 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1400000 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
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1094575 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.64
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
56000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.45
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
60000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.64
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
5125 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
10.60
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
11850 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
13.30
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1073600 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.66
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M24D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
668000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
958725 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.93
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y4M24D
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
579000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
601000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1365000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1328000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2539000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2772000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-3460000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
5789000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3080000 usd
us-gaap Net Income Loss
NetIncomeLoss
8856000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21531000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21322000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21642000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21239000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21531000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21965000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21642000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21903000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1704000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
423000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1671000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
422000 shares
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1600000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.025
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.698
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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 Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.328
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
151314000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186636000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
334031000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
382289000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-464000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11001000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
3891000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
20247000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5038000 usd
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5765000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9937000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
11723000 usd
CY2022Q2 us-gaap Assets
Assets
772688000 usd
CY2021Q4 us-gaap Assets
Assets
829074000 usd
us-gaap Site Contingency Environmental Remediation Costs Recognized
SiteContingencyEnvironmentalRemediationCostsRecognized
0.5 million
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
CY2022Q2 lcut Number Of Protests Pending
NumberOfProtestsPending
2 tablewarecollection
lcut Period Of Investigation
PeriodOfInvestigation
P5Y
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0425
CY2022Q1 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
100000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
285646 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
336791 shares
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3500000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4200000 usd
us-gaap Interest Paid Net
InterestPaidNet
6598000 usd
us-gaap Interest Paid Net
InterestPaidNet
6896000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5862000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10793000 usd
lcut Non Cash Net Gain Loss On Dilution Of Vasconia Ownership
NonCashNetGainLossOnDilutionOfVasconiaOwnership
0 usd
lcut Non Cash Net Gain Loss On Dilution Of Vasconia Ownership
NonCashNetGainLossOnDilutionOfVasconiaOwnership
-310000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
285646 shares
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3500000 usd

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