XBRL Cloud: Business Report

Rendering

Component: (Network and Table)
Network	136 - Disclosure - OTHER (Tables) (http://www.lifetimebrands.com/taxonomy/role/NotesToFinancialStatementsAdditionalFinancialInformationDisclosureTextBlockTables)
Table	Statement [Table]

Slicers (applies to each fact value in each table cell)

Reporting Entity [Axis]	0000874396 (http://www.sec.gov/CIK)
Legal Entity [Axis]	Entity [Domain]

Statement [Line Items]

Period [Axis]

2016-01-01 - 2016-12-31

Components of Inventory

The components of inventory are as follows:

Property and Equipment

Property and equipment consist of:


	December 31,
	2016			2015
	(in thousands)
Machinery, furniture and equipment	$	89,545		$	88,914
Leasehold improvements		30,019			28,989
Building and improvements		1,622			1,604
Construction in progress		2,639			1,543
Land		100			100

		123,925			121,150
Less: accumulated depreciation and amortization		(102,794	)		(96,273	)

Total	$	21,131		$	24,877

Accrued Expenses

Accrued expenses consist of:


	December 31,
	2016		2015
	(in thousands)
Customer allowances and rebates	$	10,787	$	10,474
Compensation and benefits		13,616		10,762
Interest		185		241
Vendor invoices		5,415		4,424
Royalties		2,095		2,330
Commissions		947		989
Freight		1,684		1,360
Professional fees		1,464		860
VAT		648		1,312
Contingent consideration related to acquisitions		738		3,193
HSBC collection receipts ⁽¹⁾		3,335		—
Other		4,298		4,209

Total	$	45,212	$	40,154

(1)

Collections received on behalf of HSBC in connection with the Receivable Purchase Agreement.

Deferred Rent Other Long Term Liabilities

Deferred rent & other long-term liabilities consist of:


	December 31,
	2016		2015
	(in thousands)
Deferred rent liability	$	12,213	$	10,450
Retirement benefit obligations		6,629		6,349
Contingent consideration related to acquisitions		—		892
Compensation		—		719
Capital lease obligations		128		121
Derivative liability		3		25

Total	$	18,973	$	18,556

Supplemental Cash Flow Information

Supplemental cash flow information


	Year Ended December 31,
	2016			2015			2014
	(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest	$	4,171		$	4,909		$	5,035
Cash paid for taxes		6,384			8,963			4,912

Non-cash investing activities:
Translation adjustment	$	(23,061	)	$	(5,281	)	$	(4,736	)

Components of Accumulated Other Comprehensive Loss, Net

Components of accumulated other comprehensive loss, net


	Year Ended December 31,
	2016			2015			2014
	(in thousands)

Accumulated translation adjustment:
Balance at beginning of year	$	(12,961	)	$	(7,680	)	$	(2,944	)
Translation adjustment during period		(23,061	)		(5,281	)		(4,736	)
Amounts reclassified from accumulated other comprehensive loss: ⁽¹⁾
Currency translation adjustment		378			—			—

Balance at end of year	$	(35,644	)	$	(12,961	)	$	(7,680	)


Accumulated effect of retirement benefit obligations:
Balance at beginning of year	$	(1,204	)	$	(2,224	)	$	(745	)
Net gain (loss) arising from retirement benefit obligations, net of tax		(202	)		941			(1,507	)
Amounts reclassified from accumulated other comprehensive loss:
Amortization of loss, net of tax⁽²⁾		54			79			28

Balance at end of year	$	(1,352	)	$	(1,204	)	$	(2,224	)


Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of year	$	(20	)	$	(18	)	$	(31	)
Derivative fair value adjustment, net of tax		17			(2	)		13

Balance at end of year ⁽³⁾	$	(3	)	$	(20	)	$	(18	)

⁽¹⁾	Amount is recorded in equity in earnings (losses) on the consolidated statements of operations.

⁽²⁾	Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.

⁽³⁾	No amounts were reclassified out of accumulated other comprehensive loss. Amounts reclassified would be recorded in interest expense on the consolidated statements of operations.