Hamilton Beach Brands Holding (HBB) 10-Q 3 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Oct. 29, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-38214
Entity Registrant Name	HAMILTON BEACH BRANDS HOLDING COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	31-1236686
Entity Address, Address Line One	4421 WATERFRONT DR.
Entity Address, City or Town	GLEN ALLEN
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23060
City Area Code	(804)
Local Phone Number	273-9777
Title of 12(b) Security	Class A Common Stock, Par Value $0.01 Per Share
Trading Symbol	HBB
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001709164
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common stock
Entity Information [Line Items]
Shares Outstanding (in shares)		9,880,767
Class B Common stock
Entity Information [Line Items]
Shares Outstanding (in shares)		4,006,193

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Current assets
Cash and cash equivalents	$ 1,463	$ 2,415	$ 858
Trade receivables, net	120,672	144,797	98,062
Inventory	176,982	173,962	203,369
Prepaid expenses and other current assets	22,755	15,118	14,483
Total current assets	321,872	336,292	316,772
Property, plant and equipment, net	31,699	23,490	23,412
Goodwill	6,253	6,253	6,253
Other intangible assets, net	1,742	1,892	2,170
Deferred income taxes	3,088	6,965	6,078
Deferred costs	14,785	13,449	11,852
Other non-current assets	3,024	2,827	2,842
Total assets	382,463	391,168	369,379
Current liabilities
Accounts payable	126,231	152,054	187,296
Accounts payable to NACCO Industries, Inc.	0	505	496
Revolving credit agreements	0	0	70,413
Accrued compensation	10,797	15,981	14,294
Accrued product returns	6,048	6,853	6,575
Other current liabilities	17,084	23,677	17,338
Total current liabilities	160,160	199,070	296,412
Revolving credit agreements	114,950	98,360	0
Other long-term liabilities	19,448	13,633	12,567
Total liabilities	294,558	311,063	308,979
Stockholders' equity
Capital in excess of par value	61,233	58,485	58,225
Treasury stock	(5,960)	(5,960)	(5,960)
Retained earnings	49,505	44,915	27,219
Accumulated other comprehensive loss	(17,016)	(17,476)	(19,225)
Total stockholders' equity	87,905	80,105	60,400
Total liabilities and stockholders' equity	382,463	391,168	369,379
Class A Common stock
Stockholders' equity
Common stock	102	100	100
Class B Common stock
Stockholders' equity
Common stock	$ 41	$ 41	$ 41

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenue	$ 156,740	$ 110,549	$ 460,644	$ 369,692
Cost of sales	123,456	86,801	367,284	285,650
Gross profit	33,284	23,748	93,360	84,042
Selling, general and administrative expenses	25,788	25,830	79,614	74,078
Amortization of intangible assets	50	323	150	971
Operating profit (loss)	7,446	(2,405)	13,596	8,993
Interest expense, net	662	339	2,080	1,308
Other expense (income), net	(126)	92	(179)	1,601
Income (loss) from continuing operations before income taxes	6,910	(2,836)	11,695	6,084
Income tax expense (benefit)	1,204	(826)	3,027	1,383
Net income (loss) from continuing operations	5,706	(2,010)	8,668	4,701
Income from discontinued operations, net of tax	0	0	0	22,561
Net income (loss)	$ 5,706	$ (2,010)	$ 8,668	$ 27,262
Basic and diluted earnings (loss) per share:
Continuing operations, basic (in dollars per share)	$ 0.41	$ (0.15)	$ 0.62	$ 0.34
Continuing operations, diluted (in dollars per share)	0.41	(0.15)	0.62	0.34
Discontinued operations, basic (in dollars per share)	0	0	0	1.65
Discontinued operations, diluted (in dollars per share)	0	0	0	1.65
Basic earnings (loss) per share (in dollars per share)	0.41	(0.15)	0.62	1.99
Diluted earnings (loss) per share (in dollars per share)	$ 0.41	$ (0.15)	$ 0.62	$ 1.99
Basic weighted average shares outstanding (in shares)	13,887	13,670	13,872	13,646
Diluted weighted average shares outstanding (in shares)	13,902	13,686	13,888	13,667

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 5,706	$ (2,010)	$ 8,668	$ 27,262
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	306	300	229	1,845
(Loss) gain on long-term intra-entity foreign currency transactions	(960)	154	(626)	(4,725)
Cash flow hedging activity	526	120	130	(162)
Reclassification of hedging activities into earnings	129	(432)	355	(457)
Reclassification of pension adjustments into earnings	147	114	372	406
Total other comprehensive income (loss), net of tax	148	256	460	(3,093)
Comprehensive income (loss)	$ 5,854	$ (1,754)	$ 9,128	$ 24,169

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Operating activities
Net income (loss) from continuing operations	$ 8,668	$ 4,701
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by (used for) operating activities:
Depreciation and amortization	3,077	2,469
Deferred income taxes	4,245	342
Stock compensation expense	2,883	3,722
Other	1,208	(113)
Net changes in operating assets and liabilities:
Affiliate payable	(505)	0
Trade receivables	26,546	7,567
Inventory	(3,082)	(95,684)
Other assets	(12,160)	(2,749)
Accounts payable	(27,868)	76,035
Other liabilities	(7,118)	(2,021)
Net cash provided by (used for) operating activities from continuing operations	(4,106)	(5,731)
Investing activities
Expenditures for property, plant and equipment	(9,109)	(2,596)
Other	0	(500)
Net cash provided by (used for) investing activities from continuing operations	(9,109)	(3,096)
Financing activities
Net additions (reductions) to revolving credit agreements	16,580	11,946
Cash dividends paid	(4,078)	(3,753)
Other financing	(243)	0
Net cash provided by (used for) financing activities from continuing operations	12,259	8,193
Cash flows from discontinued operations
Net cash provided by (used for) operating activities from discontinued operations	0	(6,193)
Net cash provided by (used for) investing activities from discontinued operations	0	6
Net cash provided by (used for) financing activities from discontinued operations	0	0
Cash provided by (used for) discontinued operations	0	(6,187)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	4	1,490
Cash, cash equivalents and restricted cash
Increase (decrease) for the period from continuing operations	(952)	856
Decrease for the period from discontinued operations	0	(6,187)
Balance at the beginning of the period	3,436	7,164
Balance at the end of the period	2,484	1,833
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	1,463	858
Restricted cash included in prepaid expenses and other current assets	208	198
Restricted cash included in other non-current assets	813	777
Cash and cash equivalents of discontinued operations	0	0
Total cash, cash equivalents, and restricted cash	$ 2,484	$ 1,833

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Capital in Excess of Par Value	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Class A Common stockCommon Stock	Class B Common stockCommon Stock
Balance, beginning of period at Dec. 31, 2019	$ 36,266	$ 54,509	$ (5,960)	$ 3,710	$ (16,132)	$ 98	$ 41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	21,512			21,512
Issuance of common stock, net of conversions	0	(1)				1
Share-based compensation expense	554	554
Cash dividends	(1,226)			(1,226)
Other comprehensive income (loss), net of tax	(4,015)				(4,015)
Reclassification adjustment to net income (loss)	305				305
Balance, end of period at Mar. 31, 2020	53,396	55,062	(5,960)	23,996	(19,842)	99	41
Balance, beginning of period at Dec. 31, 2019	36,266	54,509	(5,960)	3,710	(16,132)	98	41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	27,262
Balance, end of period at Sep. 30, 2020	60,400	58,225	(5,960)	27,219	(19,225)	100	41
Balance, beginning of period at Mar. 31, 2020	53,396	55,062	(5,960)	23,996	(19,842)	99	41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	7,760			7,760
Share-based compensation expense	1,263	1,263
Cash dividends	(1,228)			(1,228)
Other comprehensive income (loss), net of tax	656				656
Reclassification adjustment to net income (loss)	(295)				(295)
Balance, end of period at Jun. 30, 2020	61,552	56,325	(5,960)	30,528	(19,481)	99	41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,010)			(2,010)
Issuance of common stock, net of conversions	0	(1)				1
Share-based compensation expense	1,901	1,901
Cash dividends	(1,299)			(1,299)
Other comprehensive income (loss), net of tax	574				574
Reclassification adjustment to net income (loss)	(318)				(318)
Balance, end of period at Sep. 30, 2020	60,400	58,225	(5,960)	27,219	(19,225)	100	41
Balance, beginning of period at Dec. 31, 2020	80,105	58,485	(5,960)	44,915	(17,476)	100	41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	2,876			2,876
Issuance of common stock, net of conversions	0	(2)				2
Share-based compensation expense	973	973
Cash dividends	(1,302)			(1,302)
Other comprehensive income (loss), net of tax	(191)				(191)
Reclassification adjustment to net income (loss)	238				238
Balance, end of period at Mar. 31, 2021	82,699	59,456	(5,960)	46,489	(17,429)	102	41
Balance, beginning of period at Dec. 31, 2020	80,105	58,485	(5,960)	44,915	(17,476)	100	41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	8,668
Balance, end of period at Sep. 30, 2021	87,905	61,233	(5,960)	49,505	(17,016)	102	41
Balance, beginning of period at Mar. 31, 2021	82,699	59,456	(5,960)	46,489	(17,429)	102	41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	86			86
Share-based compensation expense	1,425	1,425
Cash dividends	(1,387)			(1,387)
Other comprehensive income (loss), net of tax	52				52
Reclassification adjustment to net income (loss)	213				213
Balance, end of period at Jun. 30, 2021	83,088	60,881	(5,960)	45,188	(17,164)	102	41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	5,706			5,706
Share-based compensation expense	352	352
Cash dividends	(1,389)			(1,389)
Other comprehensive income (loss), net of tax	(128)				(128)
Reclassification adjustment to net income (loss)	276				276
Balance, end of period at Sep. 30, 2021	$ 87,905	$ 61,233	$ (5,960)	$ 49,505	$ (17,016)	$ 102	$ 41

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.10	$ 0.10	$ 0.095	$ 0.095	$ 0.09	$ 0.09

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Recently Issued Accounting Standards	Basis of Presentation and Recently Issued Accounting Standards Basis of Presentation Hamilton Beach Brands Holding Company is a holding company and operates through its wholly-owned subsidiary, Hamilton Beach Brands, Inc. (“HBB”) (collectively “Hamilton Beach Holding” or the “Company”). HBB is a leading designer, marketer, and distributor of a wide range of branded, small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. HBB operates in the consumer, commercial and specialty small appliance markets. The Company previously also operated through its other wholly-owned subsidiary, The Kitchen Collection, LLC ("KC"), which is reported as discontinued operations in all periods presented herein. KC completed its dissolution on April 3, 2020 with a pro-rata distribution of its remaining assets to creditors, at which time the KC legal entity ceased to exist. See Note 2 for further information on discontinued operations. The financial statements have been prepared in accordance with US generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for the nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the remainder of the year due to the highly seasonal nature of the Company's primary markets. A majority of revenue and operating profit typically occurs in the second half of the calendar year when sales of products to retailers and consumers historically increase significantly for the fall holiday-selling season. Accounting Standards Not Yet Adopted The Company is an emerging growth company and has elected not to opt out of the extended transition period for complying with new or revised accounting standards, which means that when a standard is issued or revised and it has different application dates for public or nonpublic entities, the Company can adopt the new or revised standard at the time nonpublic entities adopt the new or revised standard. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)," which requires an entity to recognize assets and liabilities for the rights and obligations created by leased assets. For nonpublic entities, the amendments are currently effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Early adoption is permitted. The Company is planning to adopt ASU 2016-02 when required and is currently evaluating to what extent ASU 2016-02 will affect the Company's financial position, results of operations, cash flows and related disclosures. The Company expects to record additional assets and corresponding liabilities related to operating leases in the statement of financial position. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326)," which requires an entity to recognize credit losses as an allowance rather than as a write-down. For nonpublic entities and smaller reporting companies, the amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. The Company is planning to adopt ASU 2016-03 for its year beginning January 1, 2023 and subsequent interim periods and is currently evaluating to what extent ASU 2016-13 will affect the Company's financial position, results of operations, cash flows and related disclosures. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” The new accounting rules reduce complexity by removing specific exceptions to general principles related to intraperiod tax allocations, ownership changes in foreign investments, and interim period income tax accounting for year-to-date losses that exceed anticipated losses. The new accounting rules also simplify accounting for franchise taxes that are partially based on income, transactions with a government that result in a step up in the tax basis of goodwill, separate financial statements of legal entities that are not subject to tax, and enacted changes in tax laws in interim periods. The new accounting rules will be effective for the Company for its year ending December 31, 2022. The Company is currently in the process of evaluating the impact of adoption of the new accounting rules on the Company’s financial condition, results of operations, cash flows and disclosures. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The new accounting rules provide optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments in this standard can be applied anytime between the first quarter of 2020 and the fourth quarter of 2022. The Company is currently in the process of evaluating the impact of adoption of the new rules on the Company’s financial condition, results of operations, cash flows and disclosures. Assets Held for Sale During the fourth quarter of 2020, the Company committed to a plan to sell its Brazilian subsidiary and determined that it met all of the criteria to classify the assets and liabilities of this business as held for sale. In April 2021, the Company made the decision to wind down the Brazilian subsidiary and enter into a licensing agreement with a third party to service the Brazilian market. As a result, the Company is no longer committed to selling the subsidiary. The carrying amounts of the assets were reclassified to held and used during the second quarter of 2021. The disposal group had $2.1 million of accumulated other comprehensive losses at September 30, 2021, which will be recognized in net income upon substantial liquidation of the Brazilian subsidiary which is expected to occur in the first half of 2022. Amended Credit Agreement

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On October 10, 2019, the Board approved the wind down of KC's retail operations. Accordingly, KC is reported as discontinued operations in all periods presented. KC completed its dissolution on April 3, 2020 with a pro-rata distribution of its remaining assets to creditors, at which time the KC legal entity ceased to exist and was no longer consolidated by the Company. Neither Hamilton Beach Brands Holding Company nor Hamilton Beach Brands, Inc. received a distribution. KC’s operating results are reflected as discontinued operations for all periods presented. The major line items constituting the income (loss) from discontinued operations, net of tax are as follows: NINE MONTHS ENDED 2020 Revenue $ 631 Cost of sales — Gross profit 631 Selling, general and administrative expenses 1,346 Adjustment of lease termination liability (1) (16,457) Adjustment of other current liabilities (2) (6,608) Operating income 22,350 Other expense, net 88 Income from discontinued operations before income taxes 22,262 Income tax benefit (299) Income from discontinued operations, net of tax $ 22,561 (1) Represents an adjustment to the lease termination obligation based on the final distribution of KC's remaining assets on April 3, 2020. (2) Represents an adjustment to the carrying value of substantially all of the other current liabilities based on the final distribution of KC's remaining assets on April 3, 2020. Due to the deconsolidation of KC on April 3, 2020, there are no assets or liabilities associated with KC as of any period presented. Neither Hamilton Beach Brands Holding Company nor HBB has guaranteed any obligations of KC.

Transfer of Financial Assets

Transfer of Financial Assets	9 Months Ended
	Sep. 30, 2021
Transfers and Servicing [Abstract]
Transfer of Financial Assets	Transfer of Financial Assets The Company has entered into an arrangement with a financial institution to sell certain US trade receivables on a non-recourse basis. The Company utilizes this arrangement as an integral part of financing working capital.  Under the terms of the agreement, the Company receives cash proceeds and retains no rights or interest and has no obligations with respect to the sold receivables.  These transactions are accounted for as sold receivables which result in a reduction in trade receivables because the agreement transfers effective control over and risk related to the receivables to the buyer. Under this arrangement, the Company derecognized $28.1 million and $94.1 million of trade receivables during the three and nine months ending September 30, 2021, respectively, $18.2 million and $93.4 million of trade receivables during the three and nine months ending September 30, 2020, respectively, and $162.4 million during the year ending December 31, 2020. The loss incurred on sold receivables in the consolidated results of operations for the nine months ended September 30, 2021 and 2020 was not material. The Company does not carry any servicing assets or liabilities. Cash proceeds from this arrangement are reflected as operating activities in the Consolidated Statements of Cash Flows.

Fair Value Disclosure

Fair Value Disclosure	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Disclosure	Fair Value Disclosure The following table presents the Company's assets and liabilities accounted for at fair value on a recurring basis: Description Balance Sheet Location SEPTEMBER 30 DECEMBER 31 SEPTEMBER 30 Assets: Interest rate swap agreements Current Prepaid expenses and other current assets $ — $ — $ — Foreign currency exchange contracts Current Prepaid expenses and other current assets 182 — 9 $ 182 $ — $ 9 Liabilities: Interest rate swap agreements Current Other current liabilities $ 333 $ 380 $ 398 Long-term Other long-term liabilities 864 779 828 Foreign currency exchange contracts Current Other current liabilities 24 518 31 $ 1,221 $ 1,677 $ 1,257 The Company measures its derivatives at fair value using significant observable inputs, which is Level 2 as defined in the fair value hierarchy. The Company uses a present value technique that incorporates the LIBOR swap curve, foreign currency spot rates and foreign currency forward rates to value its derivatives, including its interest rate swap agreements and foreign currency exchange contracts, and also incorporates the effect of its subsidiary and counterparty credit risk into the valuation. Other Fair Value Measurement Disclosures The carrying amounts of cash and cash equivalents, trade receivables and accounts payable approximate fair value due to the short-term maturities of these instruments. The fair value of the revolving credit agreement, including book overdrafts, which approximate book value, was determined using current rates offered for similar obligations taking into account subsidiary credit risk, which is Level 2 as defined in the fair value hierarchy.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Capital Stock The following table sets forth the Company's authorized capital stock information: SEPTEMBER 30 DECEMBER 31 SEPTEMBER 30 Preferred stock, par value $0.01 per share Preferred stock authorized 5,000 5,000 5,000 Preferred stock outstanding — — — Class A Common stock, par value $0.01 per share Class A Common stock authorized 70,000 70,000 70,000 Class A Common issued (1)(2) 10,245 10,006 9,980 Treasury Stock 365 365 365 Class B Common stock, par value $0.01 per share, convertible into Class A on a one-for-one basis Class B Common stock authorized 30,000 30,000 30,000 Class B Common issued (1) 4,007 4,045 4,055 (1) Class B Common converted to Class A Common were 18 and 38 shares during the three and nine months ending September 30, 2021, respectively, and 8 and 21 shares during the three and nine months ending September 30, 2020, respectively. (2) The Company issued Class A Common shares of 13 and 201 during the three and nine months ending September 30, 2021, respectively, and 26 and 154 during the three and nine months ending September 30, 2020, respectively. Accumulated Other Comprehensive Loss: The following table summarizes changes in accumulated other comprehensive loss by component and related tax effects for periods shown: Foreign Currency Deferred Gain (Loss) on Cash Flow Hedging Pension Plan Adjustment Total Balance, January 1, 2021 $ (9,775) $ (1,344) $ (6,357) $ (17,476) Other comprehensive income (loss) (276) 222 — (54) Reclassification adjustment to net income (loss) — 182 156 338 Tax effects (79) (115) (43) (237) Balance, March 31, 2021 (10,130) (1,055) (6,244) (17,429) Other comprehensive income (loss) 725 (800) — (75) Reclassification adjustment to net income (loss) — 145 155 300 Tax effects (113) 196 (43) 40 Balance, June 30, 2021 (9,518) (1,514) (6,132) (17,164) Other comprehensive income (loss) (747) 753 — 6 Reclassification adjustment to net income (loss) — 180 190 370 Tax effects 93 (278) (43) (228) Balance, September 30, 2021 $ (10,172) $ (859) $ (5,985) $ (17,016) Balance, January 1, 2020 $ (8,221) $ (341) $ (7,570) $ (16,132) Other comprehensive income (loss) (4,985) (171) — (5,156) Reclassification adjustment to net income (loss) — 154 239 393 Tax effects 1,132 (35) (44) 1,053 Balance, March 31, 2020 (12,074) (393) (7,375) (19,842) Other comprehensive income (loss) 742 137 — 879 Reclassification adjustment to net income (loss) — (489) 140 (349) Tax effects (223) 97 (43) (169) Balance, June 30, 2020 (11,555) (648) (7,278) (19,481) Other comprehensive income (loss) 622 157 — 779 Reclassification adjustment to net income (loss) — (605) 158 (447) Tax effects (168) 136 (44) (76) Balance, September 30, 2020 $ (11,101) $ (960) $ (7,164) $ (19,225)

Revenue

Revenue	9 Months Ended
	Sep. 30, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Revenue	Revenue Revenue is recognized when control of the promised goods or services is transferred to the Company's customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services, which includes an estimate for variable consideration. HBB’s warranty program to the consumer consists generally of an assurance-type limited warranty lasting for varying periods of up to ten years for electric appliances, with the majority of products having a warranty of one HBB products are not sold with a general right of return. However, based on historical experience, a portion of products sold are estimated to be returned due to reasons such as product failure and excess inventory stocked by the customer, which, subject to certain terms and conditions, HBB will agree to accept. Product returns, customer programs and incentive offerings, including special pricing agreements, price competition, promotions, and other volume-based incentives are accounted for as variable consideration. A description of revenue sources and performance obligations for HBB are as follows: Consumer and Commercial product revenue Transactions with both consumer and commercial customers generally originate upon the receipt of a purchase order from the customer, which in some cases are governed by master sales agreements, specifying product(s) that the customer desires. Contracts for product revenue have an original duration of one year or less, and payment terms are generally standard and based on customer creditworthiness. Revenue from product sales is recognized at the point in time when control transfers to the customer, which is either when product is shipped from the Company's facility, or delivered to customers, depending on the shipping terms. The amount of revenue recognized varies primarily with changes in returns. In addition, the Company offers price concessions to its customers for incentive offerings, special pricing agreements, price competition, promotions or other volume-based arrangements. The Company evaluated such agreements with its customers and determined returns and price concessions should be accounted for as variable consideration. Consumer product revenue consists of sales of small electric household and specialty housewares appliances to traditional brick and mortar and ecommerce retailers, distributors and directly to the end consumer. A majority of this revenue is in North America. Commercial product revenue consists of sales of products to restaurants, fast-food chains, bars and hotels. Approximately one-half of commercial sales are in the U.S. and the other half is in markets across the globe. License revenue From time to time, the Company enters into exclusive and non-exclusive licensing agreements which grant the right to use certain of HBB’s intellectual property ("IP") in connection with designing, manufacturing, distributing, advertising, promoting and selling the licensees’ products during the term of the agreement. The IP that is licensed generally consists of trademarks, trade names, patents, trade dress, and/or logos (the “Licensed IP”). In exchange for granting the right to use the Licensed IP, HBB receives a royalty payment, which is a function of (1) the total net sales of products that use the Licensed IP and (2) the royalty percentage that is stated in the licensing agreement. HBB recognizes revenue at the later of when the subsequent sales occur or satisfying the performance obligation (over time). The following table sets forth Company's revenue on a disaggregated basis for the three and nine months ended September 30: THREE MONTHS ENDED NINE MONTHS ENDED 2021 2020 2021 2020 Type of good or service: Consumer products $ 144,734 $ 104,576 $ 426,463 $ 344,963 Commercial products 10,915 4,798 30,498 20,862 Licensing 1,091 1,175 3,683 3,867 Total revenues $ 156,740 $ 110,549 $ 460,644 $ 369,692

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Hamilton Beach Brands Holdings Company and its subsidiaries are involved in various legal and regulatory proceedings and claims that have arisen in the ordinary course of business, including product liability, patent infringement, asbestos related claims, environmental and other claims. Although it is difficult to predict the ultimate outcome of these proceedings and claims, management believes the ultimate disposition of these matters will not have a material adverse effect on the financial condition, results of operation or cash flows of the Company. Any costs that management estimates will be paid as a result of these claims are accrued when the liability is considered probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. The Company does not accrue liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is probable or reasonably possible and which are material, the Company discloses the nature of the contingency and, in some circumstances, an estimate of the possible loss. Proceedings and claims asserted against the Company or its subsidiaries are subject to inherent uncertainties and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of an adverse impact on the Company's financial position, results of operations and cash flows for the period in which the ruling occurs, or in future periods. Hamilton Beach Brands Holding Company (HBBHC) is a defendant in a legal proceeding instituted in February 2020 in which the plaintiff seeks to hold the Company liable for the unsatisfied portion of an agreed final judgment that plaintiff obtained against KC related to KC’s failure to continue to operate forty-nine stores during the term of the store leases. In February 2020, KC agreed to the entry of a final judgment in favor of the plaintiff in the amount of $8.1 million and in April 2020 the plaintiff received $0.3 million in the final distribution of KC assets to KC creditors. The Company believes that the plaintiff’s claims are without merit and will vigorously defend against plaintiff’s claims. Environmental matters HBB is investigating or remediating historical environmental contamination at some current and former sites operated by HBB or by businesses it acquired. Based on the current stage of the investigation or remediation at each known site, HBB estimates the total investigation and remediation costs and the period of assessment and remediation activity required for each site. The estimate of future investigation and remediation costs is primarily based on variables associated with site clean-up, including, but not limited to, physical characteristics of the site, the nature and extent of the contamination and applicable regulatory programs and remediation standards. No assessment can fully characterize all subsurface conditions at a site. There is no assurance that additional assessment and remediation efforts will not result in adjustments to estimated remediation costs or the time frame for remediation at these sites. HBB's estimates of investigation and remediation costs may change if it discovers contamination at additional sites or additional contamination at known sites, if the effectiveness of its current remediation efforts change, if applicable federal or state regulations change or if HBB's estimate of the time required to remediate the sites changes. HBB's revised estimates may differ materially from original estimates.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe Company's provision for income taxes for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The effective tax rate on income from continuing operations was 25.9% and 22.7% for the nine months ended September 30, 2021, and 2020, respectively. The effective tax rate was higher for the nine months ended September 30, 2021 due to the inclusion of interest and penalties on unrecognized tax benefits as a discrete expense item, offset by the reversal of deferred taxes related to certain foreign items.

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Standards (Policies)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Hamilton Beach Brands Holding Company is a holding company and operates through its wholly-owned subsidiary, Hamilton Beach Brands, Inc. (“HBB”) (collectively “Hamilton Beach Holding” or the “Company”). HBB is a leading designer, marketer, and distributor of a wide range of branded, small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. HBB operates in the consumer, commercial and specialty small appliance markets. The Company previously also operated through its other wholly-owned subsidiary, The Kitchen Collection, LLC ("KC"), which is reported as discontinued operations in all periods presented herein. KC completed its dissolution on April 3, 2020 with a pro-rata distribution of its remaining assets to creditors, at which time the KC legal entity ceased to exist. See Note 2 for further information on discontinued operations. The financial statements have been prepared in accordance with US generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for the nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the remainder of the year due to the highly seasonal nature of the Company's primary markets. A majority of revenue and operating profit typically occurs in the second half of the calendar year when sales of products to retailers and consumers historically increase significantly for the fall holiday-selling season.
Accounting Standards Not Yet Adopted	Accounting Standards Not Yet Adopted The Company is an emerging growth company and has elected not to opt out of the extended transition period for complying with new or revised accounting standards, which means that when a standard is issued or revised and it has different application dates for public or nonpublic entities, the Company can adopt the new or revised standard at the time nonpublic entities adopt the new or revised standard. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)," which requires an entity to recognize assets and liabilities for the rights and obligations created by leased assets. For nonpublic entities, the amendments are currently effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Early adoption is permitted. The Company is planning to adopt ASU 2016-02 when required and is currently evaluating to what extent ASU 2016-02 will affect the Company's financial position, results of operations, cash flows and related disclosures. The Company expects to record additional assets and corresponding liabilities related to operating leases in the statement of financial position. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326)," which requires an entity to recognize credit losses as an allowance rather than as a write-down. For nonpublic entities and smaller reporting companies, the amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. The Company is planning to adopt ASU 2016-03 for its year beginning January 1, 2023 and subsequent interim periods and is currently evaluating to what extent ASU 2016-13 will affect the Company's financial position, results of operations, cash flows and related disclosures. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” The new accounting rules reduce complexity by removing specific exceptions to general principles related to intraperiod tax allocations, ownership changes in foreign investments, and interim period income tax accounting for year-to-date losses that exceed anticipated losses. The new accounting rules also simplify accounting for franchise taxes that are partially based on income, transactions with a government that result in a step up in the tax basis of goodwill, separate financial statements of legal entities that are not subject to tax, and enacted changes in tax laws in interim periods. The new accounting rules will be effective for the Company for its year ending December 31, 2022. The Company is currently in the process of evaluating the impact of adoption of the new accounting rules on the Company’s financial condition, results of operations, cash flows and disclosures. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The new accounting rules provide optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments in this standard can be applied anytime between the first quarter of 2020 and the fourth quarter of 2022. The Company is currently in the process of evaluating the impact of adoption of the new rules on the Company’s financial condition, results of operations, cash flows and disclosures.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The major line items constituting the income (loss) from discontinued operations, net of tax are as follows: NINE MONTHS ENDED 2020 Revenue $ 631 Cost of sales — Gross profit 631 Selling, general and administrative expenses 1,346 Adjustment of lease termination liability (1) (16,457) Adjustment of other current liabilities (2) (6,608) Operating income 22,350 Other expense, net 88 Income from discontinued operations before income taxes 22,262 Income tax benefit (299) Income from discontinued operations, net of tax $ 22,561 (1) Represents an adjustment to the lease termination obligation based on the final distribution of KC's remaining assets on April 3, 2020.

Fair Value Disclosure (Tables)

Fair Value Disclosure (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the Company's assets and liabilities accounted for at fair value on a recurring basis: Description Balance Sheet Location SEPTEMBER 30 DECEMBER 31 SEPTEMBER 30 Assets: Interest rate swap agreements Current Prepaid expenses and other current assets $ — $ — $ — Foreign currency exchange contracts Current Prepaid expenses and other current assets 182 — 9 $ 182 $ — $ 9 Liabilities: Interest rate swap agreements Current Other current liabilities $ 333 $ 380 $ 398 Long-term Other long-term liabilities 864 779 828 Foreign currency exchange contracts Current Other current liabilities 24 518 31 $ 1,221 $ 1,677 $ 1,257

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Schedule of Capital Stock	The following table sets forth the Company's authorized capital stock information: SEPTEMBER 30 DECEMBER 31 SEPTEMBER 30 Preferred stock, par value $0.01 per share Preferred stock authorized 5,000 5,000 5,000 Preferred stock outstanding — — — Class A Common stock, par value $0.01 per share Class A Common stock authorized 70,000 70,000 70,000 Class A Common issued (1)(2) 10,245 10,006 9,980 Treasury Stock 365 365 365 Class B Common stock, par value $0.01 per share, convertible into Class A on a one-for-one basis Class B Common stock authorized 30,000 30,000 30,000 Class B Common issued (1) 4,007 4,045 4,055 (1) Class B Common converted to Class A Common were 18 and 38 shares during the three and nine months ending September 30, 2021, respectively, and 8 and 21 shares during the three and nine months ending September 30, 2020, respectively.
Schedule of Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss: The following table summarizes changes in accumulated other comprehensive loss by component and related tax effects for periods shown: Foreign Currency Deferred Gain (Loss) on Cash Flow Hedging Pension Plan Adjustment Total Balance, January 1, 2021 $ (9,775) $ (1,344) $ (6,357) $ (17,476) Other comprehensive income (loss) (276) 222 — (54) Reclassification adjustment to net income (loss) — 182 156 338 Tax effects (79) (115) (43) (237) Balance, March 31, 2021 (10,130) (1,055) (6,244) (17,429) Other comprehensive income (loss) 725 (800) — (75) Reclassification adjustment to net income (loss) — 145 155 300 Tax effects (113) 196 (43) 40 Balance, June 30, 2021 (9,518) (1,514) (6,132) (17,164) Other comprehensive income (loss) (747) 753 — 6 Reclassification adjustment to net income (loss) — 180 190 370 Tax effects 93 (278) (43) (228) Balance, September 30, 2021 $ (10,172) $ (859) $ (5,985) $ (17,016) Balance, January 1, 2020 $ (8,221) $ (341) $ (7,570) $ (16,132) Other comprehensive income (loss) (4,985) (171) — (5,156) Reclassification adjustment to net income (loss) — 154 239 393 Tax effects 1,132 (35) (44) 1,053 Balance, March 31, 2020 (12,074) (393) (7,375) (19,842) Other comprehensive income (loss) 742 137 — 879 Reclassification adjustment to net income (loss) — (489) 140 (349) Tax effects (223) 97 (43) (169) Balance, June 30, 2020 (11,555) (648) (7,278) (19,481) Other comprehensive income (loss) 622 157 — 779 Reclassification adjustment to net income (loss) — (605) 158 (447) Tax effects (168) 136 (44) (76) Balance, September 30, 2020 $ (11,101) $ (960) $ (7,164) $ (19,225)

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Schedule of Disaggregation of Revenue	The following table sets forth Company's revenue on a disaggregated basis for the three and nine months ended September 30: THREE MONTHS ENDED NINE MONTHS ENDED 2021 2020 2021 2020 Type of good or service: Consumer products $ 144,734 $ 104,576 $ 426,463 $ 344,963 Commercial products 10,915 4,798 30,498 20,862 Licensing 1,091 1,175 3,683 3,867 Total revenues $ 156,740 $ 110,549 $ 460,644 $ 369,692

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Standards (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 17, 2021	Sep. 16, 2021	Dec. 31, 2020	Sep. 30, 2020
Debt Instrument [Line Items]
Accumulated other comprehensive loss	$ 17,016,000			$ 17,476,000	$ 19,225,000
Line of credit facility, maximum borrowing capacity		$ 150,000,000	$ 125,000,000
Dividend restriction from closing date	$ 7,000,000
Dividend restriction period following closing date of credit facility	30 days
Dividend restriction credit facility excess availability requirement	$ 18,000,000
Dividend restriction credit facility excess availability requirement	30,000,000
Disposal Group, Held-for-sale, Not Discontinued Operations | Brazilian Subsidiary
Debt Instrument [Line Items]
Accumulated other comprehensive loss	$ 2,100,000

Discontinued Operations - Incom

Discontinued Operations - Income Statement Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 0	$ 0	$ 0	$ 22,561
KC | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue				631
Cost of sales				0
Gross profit				631
Selling, general and administrative expenses				1,346
Adjustment of lease termination liability				(16,457)
Adjustment of other current liabilities				(6,608)
Operating income				22,350
Other expense, net				88
Income from discontinued operations before income taxes				22,262
Income tax benefit				(299)
Income from discontinued operations, net of tax				$ 22,561

Transfer of Financial Assets (D

Transfer of Financial Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Transfers and Servicing [Abstract]
Accounts receivable derecognized	$ 28.1	$ 18.2	$ 94.1	$ 93.4	$ 162.4

Fair Value Disclosure (Details)

Fair Value Disclosure (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Liabilities:
Transfers out of Level 3	$ 0	$ 2,100,000
Fair value measurements, recurring
Assets:
Assets at fair value	182,000	182,000	$ 0	$ 9,000
Liabilities:
Liabilities at fair value	1,221,000	1,221,000	1,677,000	1,257,000
Prepaid expenses and other current assets | Fair value measurements, recurring
Assets:
Interest rate swap agreements	0	0	0	0
Foreign currency exchange contracts	182,000	182,000	0	9,000
Other current liabilities | Fair value measurements, recurring
Liabilities:
Interest rate swap agreements	333,000	333,000	380,000	398,000
Foreign currency exchange contracts	24,000	24,000	518,000	31,000
Other long-term liabilities | Fair value measurements, recurring
Liabilities:
Interest rate swap agreements	$ 864,000	$ 864,000	$ 779,000	$ 828,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Capital Stock (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021$ / sharesshares	Sep. 30, 2020$ / sharesshares	Sep. 30, 2021$ / sharesshares	Sep. 30, 2020$ / sharesshares	Dec. 31, 2020$ / sharesshares
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000
Preferred stock outstanding (in shares)	0	0	0	0	0
Class A Common stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock authorized (in shares)	70,000,000	70,000,000	70,000,000	70,000,000	70,000,000
Common stock issued (in shares)	10,245,000	9,980,000	10,245,000	9,980,000	10,006,000
Treasury Stock (in shares)			365,000	365,000	365,000
Class A Common shares issued (in shares)	13,000	26,000	201,000	154,000
Class B Common stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock, convertible conversion ratio	1	1	1	1	1
Common stock authorized (in shares)	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000
Common stock issued (in shares)	4,007,000	4,055,000	4,007,000	4,055,000	4,045,000
Class B Common converted to Class A Common (in shares)	18,000	8,000	38,000	21,000

Stockholders' Equity - Accumula

Stockholders' Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 80,105
Other comprehensive income (loss)	$ 6	$ (75)	(54)	$ 779	$ 879	$ (5,156)
Reclassification adjustment to net income (loss)	370	300	338	(447)	(349)	393
Tax effects	(228)	40	(237)	(76)	(169)	1,053
Ending balance	87,905			60,400
Foreign Currency
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(9,518)	(10,130)	(9,775)	(11,555)	(12,074)	(8,221)
Other comprehensive income (loss)	(747)	725	(276)	622	742	(4,985)
Reclassification adjustment to net income (loss)	0	0	0	0	0	0
Tax effects	93	(113)	(79)	(168)	(223)	1,132
Ending balance	(10,172)	(9,518)	(10,130)	(11,101)	(11,555)	(12,074)
Deferred Gain (Loss) on Cash Flow Hedging
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,514)	(1,055)	(1,344)	(648)	(393)	(341)
Other comprehensive income (loss)	753	(800)	222	157	137	(171)
Reclassification adjustment to net income (loss)	180	145	182	(605)	(489)	154
Tax effects	(278)	196	(115)	136	97	(35)
Ending balance	(859)	(1,514)	(1,055)	(960)	(648)	(393)
Pension Plan Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(6,132)	(6,244)	(6,357)	(7,278)	(7,375)	(7,570)
Other comprehensive income (loss)	0	0	0	0	0	0
Reclassification adjustment to net income (loss)	190	155	156	158	140	239
Tax effects	(43)	(43)	(43)	(44)	(43)	(44)
Ending balance	(5,985)	(6,132)	(6,244)	(7,164)	(7,278)	(7,375)
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(17,164)	(17,429)	(17,476)	(19,481)	(19,842)	(16,132)
Ending balance	$ (17,016)	$ (17,164)	$ (17,429)	$ (19,225)	$ (19,481)	$ (19,842)

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 156,740	$ 110,549	$ 460,644	$ 369,692
Consumer products
Disaggregation of Revenue [Line Items]
Revenue	144,734	104,576	426,463	344,963
Commercial products
Disaggregation of Revenue [Line Items]
Revenue	10,915	4,798	30,498	20,862
Licensing
Disaggregation of Revenue [Line Items]
Revenue	$ 1,091	$ 1,175	$ 3,683	$ 3,867
Maximum | Electric appliances
Disaggregation of Revenue [Line Items]
Warranty term			10 years
Maximum | Product and Service, Other
Disaggregation of Revenue [Line Items]
Warranty term			3 years
Minimum | Product and Service, Other
Disaggregation of Revenue [Line Items]
Warranty term			1 year

Contingencies (Details)

Contingencies (Details)	1 Months Ended
	Apr. 30, 2020USD ($)	Feb. 29, 2020USD ($)lease	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)
Loss Contingencies [Line Items]
Number of leases allegedly breached | lease		49
Amount of final judgment		$ 8,100,000
Amount awarded to plaintiff	$ 300,000
Accrual for environmental investigation and remediation activities			$ 3,400,000	$ 3,100,000	$ 3,600,000
Minimum
Loss Contingencies [Line Items]
Estimate of additional expenses			0
Maximum
Loss Contingencies [Line Items]
Estimate of additional expenses			$ 1,700,000

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	25.90%	22.70%