Lifetime Brands (LCUT) 10-K 14 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 29, 2016	Jun. 30, 2015
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	LCUT
Entity Registrant Name	LIFETIME BRANDS, INC
Entity Central Index Key	874,396
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		14,030,645
Entity Public Float			$ 163,853,284

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 7,131	$ 5,068
Accounts receivable, less allowances of $5,300 at December 31, 2015 and $6,663 at December 31, 2014	90,576	107,211
Inventory (Note M)	136,890	137,924
Prepaid expenses and other current assets	8,783	7,914
TOTAL CURRENT ASSETS	243,380	258,117
PROPERTY AND EQUIPMENT, net (Note M)	24,877	26,801
INVESTMENTS (Note C)	24,973	28,155
INTANGIBLE ASSETS, net (Note D)	96,593	103,597
DEFERRED INCOME TAXES (Note I)	6,486
OTHER ASSETS	2,643	4,732
TOTAL ASSETS	398,952	421,402
CURRENT LIABILITIES
Current maturity of Credit Agreement Term Loan (Note E)	20,000	10,000
Short term loan (Note E)	252	765
Accounts payable	27,245	28,694
Accrued expenses (Note M)	40,154	36,961
Deferred income taxes (Note I)		2,293
Income taxes payable (Note I)	4,064	5,156
TOTAL CURRENT LIABILITIES	91,715	83,869
DEFERRED RENT & OTHER LONG-TERM LIABILITIES (Note M)	18,556	20,160
DEFERRED INCOME TAXES (Note I)	8,596	1,485
REVOLVING CREDIT FACILITY (Note E)	65,617	92,655
CREDIT AGREEMENT TERM LOAN (Note E)	$ 15,000	$ 35,000
STOCKHOLDERS' EQUITY
Preferred stock, $.01 par value, shares authorized: 100 shares of Series A and 2,000,000 shares of Series B; none issued and outstanding
Common stock, $.01 par value, shares authorized: 25,000,000; shares issued and outstanding: 14,030,221 at December 31, 2015 and 13,712,081 at December 31, 2014	$ 140	$ 137
Paid-in capital	165,780	160,315
Retained earnings	47,733	37,703
Accumulated other comprehensive loss (Note M)	(14,185)	(9,922)
TOTAL STOCKHOLDERS' EQUITY	199,468	188,233
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 398,952	$ 421,402

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts receivable, allowances	$ 5,300	$ 6,663
Preferred stock, par value	$ 0.01	$ 0.01
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	14,030,221	13,712,081
Common stock, shares outstanding	14,030,221	13,712,081
Preferred stock Series A
Preferred stock, shares authorized	100	100
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Preferred stock Series B
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net sales	$ 587,670	$ 586,010	$ 502,721
Cost of sales	373,284	373,129	315,459
Gross margin	214,386	212,881	187,262
Distribution expenses	54,815	54,202	44,364
Selling, general and administrative expenses	134,903	133,786	114,345
Intangible asset impairment (Note D)		3,384
Restructuring expenses	437	125	367
Income from operations	24,231	21,384	28,186
Interest expense (Note E)	(5,746)	(6,418)	(4,847)
Financing expense	(154)	(758)
Loss on early retirement of debt (Note E)		(346)	(102)
Income before income taxes and equity in earnings	18,331	13,862	23,237
Income tax provision (Note I)	(6,627)	(5,825)	(9,175)
Equity in earnings (losses), net of taxes (Note C)	574	(6,493)	(4,781)
NET INCOME	$ 12,278	$ 1,544	$ 9,281
BASIC INCOME PER COMMON SHARE (NOTE H)	$ 0.89	$ 0.11	$ 0.73
DILUTED INCOME PER COMMON SHARE (NOTE H)	$ 0.86	$ 0.11	$ 0.71

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income		$ 12,278	$ 1,544	$ 9,281
Other comprehensive income (loss), net of tax:
Translation adjustment (Note M)		(5,281)	(4,736)	(140)
Deferred (losses) gains on cash flow hedges (Notes F & M):
Fair value adjustment, net of tax of $1 in 2015, $9 in 2014 and $160 in 2013		(2)	13	241
Total deferred (losses) gains on cash flow hedges		(2)	13	241
Effect of retirement benefit obligations (Note M):
Net income (loss) arising from retirement benefit obligations, net of tax of $211 in 2015, ($589) in 2014 and $241 in 2013		941	(1,507)	361
Less: amortization of loss included in net income, net of tax of $53 in 2015, $19 in 2014 and $36 in 2013	[1]	79	28	54
Total effects of retirement benefit obligations		1,020	(1,479)	415
Other comprehensive (loss) income, net of tax		(4,263)	(6,202)	516
Comprehensive income (loss)		$ 8,015	$ (4,658)	$ 9,797
[1]	Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair value adjustment, tax	$ 1	$ 9	$ 160
Net (loss) income arising from retirement benefit obligations, tax	211	(589)	241
Amortization of loss included in net income, tax	$ 53	$ 19	$ 36

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Director	Employee	Common Stock	Common StockDirector	Common StockEmployee	Paid-in capital	Paid-in capitalDirector	Paid-in capitalEmployee	Retained earnings	Accumulated other comprehensive loss
Beginning Balance (in shares) at Dec. 31, 2012				12,754,000
Beginning Balance at Dec. 31, 2012	$ 172,230			$ 128			$ 142,489			$ 33,849	$ (4,236)
Comprehensive income:
Net income	9,281									9,281
Translation adjustment	(140)										(140)
Derivative fair value adjustment (Note F)	241										241
Effect of retirement benefit obligations	415										415
Comprehensive income (loss)	9,797
Shares issued to employees/directors (Note G) (in shares)					21,000
Shares issued to employees/directors (Note G)		$ 277						$ 277
Stock compensation expense (Note G)	2,604						2,604
Reduction of tax benefit from stock options, net	$ (310)						(310)
Exercise of stock options (in shares)	247,827			248,000
Exercise of stock options	$ 1,215			$ 2			1,213
Treasury Stock Repurchase (in shares)	(245,575)			(246,000)
Treasury Stock Repurchase	$ (3,229)			$ (2)						(3,227)
Dividends (Note G)	(1,679)									(1,679)
Ending Balance (in shares) at Dec. 31, 2013				12,777,000
Ending Balance at Dec. 31, 2013	180,905			$ 128			146,273			38,224	(3,720)
Comprehensive income:
Net income	1,544									1,544
Translation adjustment	(4,736)										(4,736)
Derivative fair value adjustment (Note F)	13										13
Effect of retirement benefit obligations	(1,479)										(1,479)
Comprehensive income (loss)	(4,658)
Shares issued to employees/directors (Note G) (in shares)					23,000	5,000
Shares issued to employees/directors (Note G)		344	$ 2					344	$ 2
Stock compensation expense (Note G)	2,489						2,489
Issuance of common stock for acquisition of business (in shares)				581,000
Issuance of common stock for acquisition of business	$ 8,382			$ 6			8,376
Exercise of stock options (in shares)	365,223			326,000
Tax provision on exercise of stock options	$ 343						343
Exercise of stock options	$ 2,491			$ 3			2,488
Treasury Stock Repurchase (in shares)	0
Dividends (Note G)	$ (2,065)									(2,065)
Ending Balance (in shares) at Dec. 31, 2014				13,712,000
Ending Balance at Dec. 31, 2014	188,233			$ 137			160,315			37,703	(9,922)
Comprehensive income:
Net income	12,278									12,278
Translation adjustment	(5,281)										(5,281)
Derivative fair value adjustment (Note F)	(2)										(2)
Effect of retirement benefit obligations	1,020										1,020
Comprehensive income (loss)	8,015
Shares issued to employees/directors (Note G) (in shares)					28,000	189,000
Shares issued to employees/directors (Note G)		$ 416	$ 1,657			$ 2		$ 416	$ 1,655
Stock compensation expense (Note G)	2,689						2,689
Reduction of tax benefit from stock options, net	$ (138)						(138)
Exercise of stock options (in shares)	110,375			101,000
Exercise of stock options	$ 844			$ 1			843
Treasury Stock Repurchase (in shares)	0
Dividends (Note G)	$ (2,248)									(2,248)
Ending Balance (in shares) at Dec. 31, 2015				14,030,000
Ending Balance at Dec. 31, 2015	$ 199,468			$ 140			$ 165,780			$ 47,733	$ (14,185)

CONSOLIDATED STATEMENTS OF STO8

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical)	12 Months Ended
	Dec. 31, 2014shares
Common Stock
Common stock issued	581,432

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net income	$ 12,278	$ 1,544	$ 9,281
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for doubtful accounts	46	286	139
Depreciation and amortization	14,203	14,200	10,415
Amortization of financing costs	641	617	528
Deferred rent	848	(722)	(962)
Deferred income taxes	(1,440)	(3,757)	(2,275)
Stock compensation expense	5,286	4,493	2,881
Undistributed equity (earnings) losses	(348)	6,724	5,354
Intangible asset impairment (Note D)		3,384
Loss on early retirement of debt (Note E)		346	102
Contingent consideration fair value adjustment	650	(4,203)
Changes in operating assets and liabilities (excluding the effects of business acquisitions)
Accounts receivable	15,481	(6,209)	10,099
Inventory	(308)	(6,354)	(8,207)
Prepaid expenses, other current assets and other assets	1,087	(2,063)	(449)
Accounts payable, accrued expenses and other liabilities	(397)	(950)	9,437
Income taxes payable	(1,517)	(2,747)	(579)
NET CASH PROVIDED BY OPERATING ACTIVITIES	46,510	4,589	35,764
INVESTING ACTIVITIES
Purchases of property and equipment	(5,166)	(6,171)	(3,842)
Equity investments	112	(764)
Kitchen Craft acquisition, net of cash acquired		(59,977)
Other acquisitions, net of cash acquired		(5,389)
Net proceeds from sale of property	26	68	11
NET CASH USED IN INVESTING ACTIVITIES	(5,028)	(72,233)	(3,831)
FINANCING ACTIVITIES
Proceeds from Revolving Credit Facility (Note E)	263,632	278,014	220,222
Repayments from Revolving Credit Facility (Note E)	(290,346)	(234,067)	(231,959)
Repayments of Senior Secured Term Loan (Note E)		(20,625)	(14,375)
Proceeds from Credit Agreement Term Loan (Note E)		50,000
Repayments of Credit Agreement Term Loan (Note E)	(10,000)	(5,000)
Proceeds from Short Term Loan (Note E)	289	1,645
Payments from Short Term Loan (Note E)	(802)	(880)
Payments for stock repurchase			(3,229)
Payment of financing costs	(212)	(2,283)
Cash dividends paid (Note G)	(2,150)	(2,031)	(1,515)
Payment of capital lease obligations	(50)
Payment of contingent consideration	(391)
Proceeds from the exercise of stock options	843	2,488	1,215
Excess tax benefit from stock options	43	553	613
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(39,144)	67,814	(29,028)
Effect of foreign exchange on cash	(275)	(49)	171
INCREASE IN CASH AND CASH EQUIVALENTS	2,063	121	3,076
Cash and cash equivalents at beginning of year	5,068	4,947	1,871
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 7,131	$ 5,068	$ 4,947

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
SIGNIFICANT ACCOUNTING POLICIES	NOTE A — SIGNIFICANT ACCOUNTING POLICIES Organization and business Lifetime Brands, Inc. (the “Company”) designs, sources and sells branded kitchenware, tableware and other products used in the home and markets its products under a number of brand names and trademarks, which are either owned or licensed by the Company or through retailers’ private labels. The Company markets and sells its products principally on a wholesale basis to retailers. The Company also markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred and Friends, Built NY, Lifetime Sterling and The English Table Internet websites. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for financial information and with the instructions to Form 10-K. The accompanying consolidated financial statements include estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with U.S. GAAP. The most significant of these estimates and assumptions relate to revenue recognition, allowances for doubtful accounts, reserves for sales returns and allowances and customer chargebacks, inventory mark-down provisions, impairment of tangible and intangible assets, stock based compensation expense, estimates for unpaid healthcare claims, derivative valuations, accruals related to the Company’s tax positions and tax valuation allowances. Although these and other estimates and assumptions are based on the best available information, actual results could be materially different from these estimates. Principles of consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Foreign Currency All foreign wholly-owned subsidiaries use the local currency of their respective countries as their functional currency. Assets and liabilities are translated into U.S. dollars at exchange rates prevailing at the balance sheet dates. Revenues, costs and expenses are translated into U.S. dollars at average exchange rates for the relevant period. Income and losses resulting from translation are recorded as a component of accumulated other comprehensive income (loss). Gains and losses from foreign currency transactions are recognized in selling, general and administrative expenses in the consolidated statements of operations. Foreign currency gain/loss included within selling, general and administrative expenses was a $714,000 loss in 2015, $1.4 million loss in 2014 and a $258,000 loss in 2013. Revenue recognition The Company sells products wholesale, to retailers and distributors, and retail, directly to consumers. Wholesale sales and retail direct sales are recognized when title passes to the customer, which is primarily at the shipping point for wholesale sales and upon delivery to the customer for retail direct sales. Shipping and handling fees that are billed to customers in sales transactions are included in net sales and amounted to $1.6 million in 2015 and $1.4 million for each of the years ended December 31, 2014 and 2013. Net sales exclude taxes that are collected from customers and remitted to the taxing authorities. The Company offers various sales incentives and promotional programs to its customers from time to time in the normal course of business. These incentives and promotions typically include arrangements such as cooperative advertising, buydowns, volume rebates and discounts. These arrangements and an estimate of sales returns are reflected as reductions in net sales in the Company’s consolidated statements of operations. Cost of sales Cost of sales consist primarily of costs associated with the production and procurement of product, inbound freight costs, purchasing costs, royalties and other product procurement related charges. Distribution expenses Distribution expenses consist primarily of warehousing expenses and freight-out expenses. Freight-out expenses were $11.3 million, $11.4 million and $9.0 million for the years ended December 31, 2015, 2014, and 2013, respectively. Handling costs of products sold are included in cost of sales. Advertising expenses Advertising expenses are expensed as incurred and are included in selling, general and administrative expenses. Advertising expenses were $1.5 million, $1.6 million and $0.8 million for the years ended December 31, 2015, 2014, and 2013, respectively. Accounts receivable The Company periodically reviews the collectability of its accounts receivable and establishes allowances for estimated losses that could result from the inability of its customers to make required payments. A considerable amount of judgment is required to assess the ultimate realization of these receivables including assessing the initial and on-going creditworthiness of the Company’s customers. The Company also maintains an allowance for anticipated customer deductions. The allowances for deductions are primarily based on contracts with customers. However, in certain cases the Company does not have a formal contract and, therefore, customer deductions are non-contractual. To evaluate the reasonableness of non-contractual customer deductions, the Company analyzes currently available information and historical trends of deductions. Inventory Inventory consists principally of finished goods sourced from third-party suppliers. Inventory also includes finished goods, work in process and raw materials related to the Company’s manufacture of sterling silver products. Inventory is priced using the lower of cost (first-in, first-out basis) or market method. The Company estimates the selling price of its inventory on a product by product basis based on the current selling environment. If the estimated selling price is lower than the inventory’s cost, the Company reduces the value of the inventory to its net realizable value. Property and equipment Property and equipment is stated at cost. Property and equipment, other than leasehold improvements, is depreciated using the straight-line method over the estimated useful lives of the assets. Building and improvements are being depreciated over 30 years and machinery, furniture and equipment over periods ranging from 3 to 10 years. Leasehold improvements are amortized over the term of the lease or the estimated useful lives of the improvements, whichever is shorter. Advances paid towards the acquisition of property and equipment and the cost of property and equipment not ready for use before the end of the period are classified as construction in progress. Cash equivalents The Company considers all highly liquid instruments with a maturity of three months or less when purchased to be cash equivalents. Concentration of credit risk The Company’s cash and cash equivalents are potentially subject to concentration of credit risk. The Company maintains cash with several financial institutions that, in some cases, is in excess of Federal Deposit Insurance Corporation insurance limits. Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company’s customer base. During the years ended December 31, 2015, 2014, and 2013, Wal-Mart Stores, Inc., including Sam’s Club and, in the United Kingdom, Asda Superstore, (“Walmart”), accounted for 16%, 16%, and 15% of net sales, respectively. Sales to Walmart are included in the Company’s U.S. Wholesale and International segments. No other customers accounted for 10% or more of the Company’s sales during these periods. Fair value measurements Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 820, Fair Value Measurements and Disclosures Fair value of financial instruments The Company determined the carrying amounts of cash and cash equivalents, accounts receivable and accounts payable are reasonable estimates of their fair values because of their short-term nature. The Company determined that the carrying amounts of borrowings outstanding under its Revolving Credit Facility and Term Loan approximate fair value since such borrowings bear interest at variable market rates. Derivatives The Company accounts for derivative instruments in accordance with ASC Topic No. 815, Derivatives and Hedging Goodwill, intangible assets and long-lived assets Goodwill and intangible assets deemed to have indefinite lives are not amortized but, instead, are subject to an annual impairment assessment. Additionally, if events or conditions were to indicate the carrying value of a reporting unit may not be recoverable, the Company would evaluate goodwill and other intangible assets for impairment at that time. As it relates to the goodwill assessment, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment testing described in ASU Topic No. 350, Intangibles – Goodwill and Other Long-lived assets, including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that such amounts may have been impaired. Impairment indicators include, among other conditions, cash flow deficits, historic or anticipated declines in revenue or operating profit or material adverse changes in the business climate that indicate that the carrying amount of an asset may be impaired. When impairment indicators are present, the Company compares the carrying value of the asset to the estimated discounted future cash flows expected to be generated by the asset. If the asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Income taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. The Company accounts for foreign income taxes based upon anticipated reinvestment of profits into respective foreign tax jurisdictions. The Company applies the authoritative guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the Company’s financial statements . Share-based compensation The Company accounts for its share-based compensation arrangements in accordance with ASC Topic 718, “Stock Compensation”, which requires the measurement of compensation expense for all share-based compensation granted to employees and non-employee directors at fair value on the date of grant and recognition of compensation expense over the related service period for awards expected to vest. The Company uses the Black-Scholes option valuation model to estimate the fair value of its stock options. The Black-Scholes option valuation model requires the input of highly subjective assumptions including the expected stock price volatility of the Company’s common stock and the risk-free interest rate. Changes in these subjective input assumptions can materially affect the fair value estimate of the Company’s stock options on the date of the option grant. Performance share awards are initially valued at the Company’s closing stock price on the date of grant. Each performance award represents the right to receive up to 150% of the target number of shares of common stock. The number of shares of common stock earned will be determined based on the attainment of specified performance goals by the end of the performance period, as determined by the Compensation Committee. Compensation expense for performance awards is recognized over the vesting period, and will vary based on remeasurement during the performance period. If the performance metrics are not probable of achievement during the performance period, compensation expense is reversed. The awards are forfeited if the performance metrics are not achieved as of the end of the performance period. The performance share awards vest in full at the end of a three year period. The Company bases the estimated fair value of restricted stock awards on the date of grant. The estimated fair value is determined based on the closing price of the Company’s common stock on the date of grant multiplied by the number of shares awarded. Compensation expense is recognized on a straight-line basis over the vesting period, reduced by an estimated forfeiture rate. Employee Healthcare The Company self-insures certain portions of its health insurance plan. The Company maintains an accrual for estimated unpaid claims and claims incurred but not yet reported (“IBNR”). Although management believes that it uses the best information available to estimate IBNR claims, actual claims may vary significantly from estimated claims. Restructuring Expenses Costs associated with restructuring activities are recorded at fair value when a liability has been incurred. A liability has been incurred at the point of closure for any remaining operating lease obligations and at the communication date for severance. In December 2015, the Company commenced a plan to reorganize its product categories and U.S. Wholesale organizational structure. The Company recorded $437,000 of restructuring expenses during the year ended December 31, 2015 related to the execution of this plan. The Company expects to recognize an additional $0.5 million, primarily for severance, in the first quarter of 2016 related to the execution of this plan. In May 2014, the Company commenced a plan to consolidate its customer service and call center functions and eliminated certain employee positions in connection with this consolidation. The Company recorded $125,000 of restructuring expenses during the year ended December 31, 2014 related to the execution of this plan. The Company does not anticipate that it will incur any further restructuring expenses related to this plan. In April 2013, the Company commenced a plan to close the Fred ® New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases, In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes, In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-16, Simplifying the Accounting for Measurement-Period Adjustments In July, 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory In April 2015, the FASB issued ASU 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In April 2015, FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2015
ACQUISITIONS	NOTE B —ACQUISITIONS Kitchen Craft On January 15, 2014, the Company acquired 100% of the share capital of Thomas Plant (Birmingham) Limited (“Kitchen Craft”) for cash in the amount of £37.4 million (approximately $61.3 million) and 581,432 shares of common stock of the Company with an intrinsic value of £5.5 million ($9.0 million). The purchase price also includes contingent cash consideration of up to £5.5 million ($9.0 million) which will be payable in future years if Kitchen Craft achieves certain financial targets. Kitchen Craft is a leading supplier of kitchenware products and accessories in the United Kingdom. The assets, liabilities and operating results of Kitchen Craft are reflected in the Company’s consolidated financial statements in accordance with ASC Topic No. 805, Business Combinations The purchase price has been determined to be as follows (in thousands): Cash $ 61,302 Share consideration issued (1) 8,382 Value of contingent consideration (2) 2,488 Working capital adjustment (3) 374 Total purchase price $ 72,546 (1) Share consideration issued is valued at the closing market price discounted to account for lack of marketability related to the lock up period as described in the share purchase agreement. (2) The value of contingent consideration represents the present value of the estimated payments related to the attainment of certain financial targets for the years 2014 through 2016. The maximum undiscounted contingent consideration to be paid on the agreement is £5.5 million ($9.0 million). (3) A working capital adjustment was made in May 2014 as provided for in the share purchase agreement. The purchase price was allocated based on the Company’s estimate of the fair value of the assets acquired and liabilities assumed, as follows (in thousands): Purchase Price Accounts Receivable (1) $ 14,267 Inventory 17,912 Other assets 4,054 Other liabilities (10,242 ) Deferred income tax (8,391 ) Goodwill and other intangibles 54,946 Total allocated value $ 72,546 (1) The fair value of accounts receivable approximated the gross contractual amounts receivable. Goodwill results from such factors as an assembled workforce. The total amount of goodwill is not expected to be deductible for tax purposes. All of the goodwill and other intangible assets are included in the International Segment. Customer relationships and trade names are amortized on a straight-line basis over their estimated useful lives (see Note D). In April 2015, the Company entered into a Deed of Variation and Settlement with the sellers of Kitchen Craft to amend the calculation and financial targets of the contingent consideration included in the share purchase agreement. The maximum undiscounted contingent consideration to be paid remains unchanged at £5.5 million. As a result of the amendment, in April 2015, a charge of £1.0 million (approximately $1.5 million) was recorded in selling, general and administration expenses. As of December 31, 2015, the fair value of the amended contingent consideration is £2.7 million (approximately $4.0 million). Kitchen Craft was the sponsor of a defined benefit pension plan (the “Plan”) for which service costs accrual ceased prior to the acquisition. Pursuant to the share purchase agreement, the Company and the sellers agreed to take action to settle the Plan’s obligation through the purchase of a group annuity contract, to individual annuity contracts and to terminate the Plan. The Plan was settled and terminated in the fourth quarter of 2015. There was no impact to the Company’s consolidated statement of operations for the year ended December 31, 2015 in connection with the 2015 settlement of the Plan. The Company’s net periodic benefit costs for the years ended December 31, 2015 and 2014 are described in Note L. Unaudited pro forma results The year ended December 31, 2014 includes the operations of Kitchen Craft for the period from January 15, 2014 to December 31, 2014. The consolidated statement of operations for the year ended December 31, 2014 includes $67.6 million of net sales and $4.1 million of income from operations attributable to Kitchen Craft. The following table presents the Company’s pro forma consolidated net sales and income before income taxes and equity in earnings for the years ended December 31, 2014 and 2013. The unaudited pro forma results include the historical statements of operations information of the Company and of Kitchen Craft, giving effect to the Kitchen Craft acquisition and related financing as if they had occurred at the beginning of the period presented. The Company consummated certain other acquisitions during the year ended December 31, 2014; however the Company has not included the results prior to their acquisition in these pro forma results as the impact would not have been material. Unaudited pro forma results Year ended December 31, 2014 December 31, 2013 (In thousands, except per share data) Net sales $ 586,010 $ 567,218 Income before income taxes and equity in earnings 15,760 26,491 Net income 2,702 12,031 Basic earnings per common share 0.20 0.90 Diluted earnings per common share $ 0.19 $ 0.88 The pro forma results, prepared in accordance with U.S. GAAP, include the following pro forma adjustments related to the Kitchen Craft acquisition: (i) the elimination of the charge in cost of sales related to the increase in fair value of acquired inventory of $0.9 million in the year ended December 31, 2014; (ii) an increase in amortization expense related to the fair value of the identifiable intangible assets of $3.4 million in the year ended December 31, 2013; (iii) the elimination of acquisition costs recorded in the years ended December 31, 2014 and 2013 of $1.0 million and $0.6 million, respectively; (iv) an increase in interest expense and amortization of debt issuance costs of $2.0 million, resulting from the refinancing of the Company’s debt to finance the acquisition, during the year ended December 31, 2013; and (v) an adjustment of $2.2 million in the year ended December 31, 2013 to conform compensation expense to the Company’s current compensation policies. The unaudited pro forma results do not include any revenue or cost reductions that may be achieved through the business combination, or the impact of non-recurring items directly related to the business combination. The unaudited pro forma results are not necessarily indicative of the operating results that would have occurred if the Kitchen Craft acquisition had been completed as of the date for which the pro forma financial information is presented. In addition, the unaudited pro forma results do not purport to project the future consolidated operating results of the combined companies. See Note M for amounts accrued as of December 31, 2015 and 2014 related to contingent consideration. The estimated fair value of the contingent consideration was calculated using level 3 unobservable inputs.

EQUITY INVESTMENTS

EQUITY INVESTMENTS	12 Months Ended
	Dec. 31, 2015
EQUITY INVESTMENTS	NOTE C — EQUITY INVESTMENTS The Company owns approximately 30% of the outstanding capital stock of Grupo Vasconia, S.A.B. (“Vasconia”) an integrated manufacturer of aluminum products and one of Mexico’s largest housewares companies. Shares of Vasconia’s capital stock are traded on the Bolsa Mexicana de Valores, the Mexican Stock Exchange. The Quotation Key is VASCONI. The Company accounts for its investment in Vasconia using the equity method of accounting and records its proportionate share of Vasconia’s net income in the Company’s statement of operations. Accordingly, the Company has recorded its proportionate share of Vasconia’s net income (reduced for amortization expense related to the customer relationships acquired) for the years ended December 31, 2015, 2014, and 2013 in the accompanying consolidated statements of operations. The value of the Company’s investment balance has been translated from Mexican Pesos (“MXN”) to U.S. Dollars (“USD”) using the spot rate of MXN 17.38 and MXN 14.74 at December 31, 2015 and 2014, respectively. The Company’s proportionate share of Vasconia’s net income has been translated from MXN to USD using the average exchange rates of MXN 14.94 to 16.76, MXN 12.99 to 13.87 and MXN 12.46 to 13.01, during the years ended December 31, 2015, 2014, and 2013, respectively. The effect of the translation of the Company’s investment resulted in a decrease of the investment of $4.9 million, $4.0 million and $0.3 million during the years ended December 31, 2015, 2014, and 2013, respectively. These translation effects are recorded in accumulated other comprehensive loss. The Company received cash dividends of $226,000, $230,000, and $571,000 from Vasconia during the years ended December 31, 2015, 2014, and 2013, respectively. Included in prepaid expenses and other current assets at December 31, 2015 and 2014 was $55,000 and $33,000 due from Vasconia. Included within accrued expenses at December 31, 2015 and 2013 was $28,000 and $152,000 due to Vasconia. Summarized income statement information for the years ended December 31, 2015, 2014, and 2013, as well as summarized balance sheet information as of December 31, 2015 and 2014, for Vasconia in USD and MXN is as follows: Year Ended December 31, 2015 2014 2013 (in thousands) Income Statement USD MXN USD MXN USD MXN Net Sales $ 178,832 $ 2,824,399 $ 188,863 $ 2,514,294 $ 159,574 $ 2,038,200 Gross Profit 33,982 534,285 35,592 474,482 28,775 367,944 Income from operations 10,551 165,507 7,790 103,658 5,438 70,430 Net Income 7,353 117,194 5,328 71,732 4,315 55,077 December 31, 2015 2014 (in thousands) Balance Sheet USD MXN USD MXN Current assets $ 100,482 $ 1,745,922 $ 110,865 $ 1,634,154 Non-current assets 87,118 1,513,724 86,888 1,280,723 Current liabilities 38,983 677,355 37,032 545,852 Non-current liabilities 56,339 978,910 58,753 866,022 The Company recorded equity in earnings (losses) of Vasconia, net of taxes, of $0.6 million, $0.2 million and $(4.0) million for the years ended December 31, 2015, 2014, and 2013, respectively. Equity in earnings in 2015 and 2014 includes deferred tax expense of $1.3 million and $1.1 million, respectively, due to the requirement to record tax benefits for foreign currency translation losses through other comprehensive income (loss), with a corresponding adjustment to deferred tax liabilities. Equity in losses in 2013 includes a charge of $5.0 million, net of tax, for the reduction in Vasconia’s fair value as a result of a decline in the quoted stock price and the 2013 quarterly decline in the operating results of Vasconia. As of December 31, 2015, the fair value (based upon the quoted stock price) of the Company’s investment in Vasconia was $35.9 million. The carrying value of the Company’s investment in Vasconia was $24.7 million. The Company owns a 40% equity interest in GS Internacional S/A (“GSI”), a wholesale distributor of branded housewares products in Brazil, which the Company acquired in December 2011. As a result of the decline in operating results of GSI and the current business environment in Brazil, the Company evaluated its carrying value of the investment for other-than-temporary impairment under the equity-method of accounting. Management performed an evaluation of quantitative factors and concluded that the investment was other-than-temporarily impaired as of September 30, 2014. The estimate of fair value was based upon the median of the income-approach (discounted cash flow method) and market-approach valuation methodology using Level 3 unobservable inputs. During the fourth quarter of 2014, the Company purchased 40% of newly issued common stock of GSI for R$2.0 million ($764,000). The Company assessed the valuation of its fourth quarter investment in GSI and determined there were no significant changes to the assumptions used in the valuation of GSI performed during the third quarter. As a result, the new investment was also determined to be impaired. Accordingly, the Company recorded a total $6.0 million impairment charge, net of tax, in equity in earnings (losses), net of tax during the third and fourth quarters 2014. As of December 31, 2015 and 2014, the carrying value of the Company’s investment in GSI was $0 and therefore the Company has not recorded its share of equity in losses in the year ended December 31, 2015. In February 2012, the Company entered into Grand Venture Holdings Limited (“Grand Venture”), a joint venture with Manweal Development Limited (“Manweal”), a Chinese corporation, to distribute Mikasa ® The Company evaluated the disclosure requirements of ASC Topic No. 860, Transfers and Servicing

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2015
GOODWILL AND INTANGIBLE ASSETS	NOTE D — GOODWILL AND INTANGIBLE ASSETS The Company’s intangible assets, all of which are included in the U.S. Wholesale and International segments, consist of the following (in thousands): Year Ended December 31, 2015 2014 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Goodwill $ 18,101 $ — $ 18,101 $ 18,101 $ — $ 18,101 Indefinite-lived intangible assets: Trade names 7,616 — 7,616 7,616 — 7,616 Finite-lived intangible assets: Licenses 15,847 (8,462 ) 7,385 15,847 (8,007 ) 7,840 Trade names 29,724 (6,818 ) 22,906 29,768 (4,568 ) 25,200 Customer relationships 50,823 (10,806 ) 40,017 50,823 (6,754 ) 44,069 Other 1,202 (634 ) 568 1,202 (431 ) 771 Total $ 123,313 $ (26,720 ) $ 96,593 $ 123,357 $ (19,760 ) $ 103,597 The Company performed its 2015 annual impairment test for its indefinite-lived trade names as of October 1, 2015. The Company elected to first perform a qualitative assessment to determine if it is more likely than not that the fair value of the Company’s indefinite-lived trade names are less than the carrying values. The Company considered events and circumstances that could affect the significant inputs used to determine the fair values of the indefinite-lived trade names. Based on the qualitative assessment, the Company determined it is not more likely than not that the fair values of the Company’s indefinite-lived trade names are less than the carrying values. In 2014, the Company performed quantitative impairment test for its indefinite-lived trade names which involved the assessment of the fair market values of the Company’s indefinite-lived trade names based on Level 3 unobservable inputs, using a relief from royalty approach, assuming a discount rate of 14.0%-15.5% and an average long term growth rate of 2.5%-3%. The result of the impairment assessment of the Company’s indefinite-lived trade names indicated that the carrying values of the Elements ® ® In addition, as of October 1, 2015 and December 31, 2015, the Company assessed the carrying value of its goodwill and determined based on quantitative and qualitative factors that no impairment existed. The Company bypassed the optional qualitative impairment analysis for its three reporting units with goodwill for its October 1, 2015 impairment test. Accordingly, the first step of the two step goodwill impairment test as described was performed. Under the first step, the estimated fair value of the reporting unit is calculated by the discounted cash flow method. The significant assumptions used under the discounted cash flow method are projected net sales, projected earnings before interest, tax, depreciation and amortization (“EBITDA”), terminal growth rates, and the cost of capital. Projected net sales, projected EBITDA and terminal growth rates were determined to be significant assumptions because they are three primary drivers of the projected cash flows in the discounted cash flow fair value model. Cost of capital was also determined to be a significant assumption as it is the discount rate used to calculate the current fair value of those projected cash flows. Under this approach, the resultant estimated fair value of each of the reporting units exceeded their carrying value as of October 1, 2015 and no goodwill impairment charges were recorded. For one of the reporting units tested under the first step, the Kitchen Craft reporting unit, which carried goodwill of $13.0 million, the excess of fair value over its carrying value was 5%. This reporting unit was acquired in 2014, and therefore the Company did not expect the fair value to be significantly in excess of the carrying value. There were no fundamental changes in the business that would indicate a significant decline in the fair value since the acquisition date, however macroeconomic conditions in Europe have contributed to a decline in EBITDA. Management’s projections used to estimate the undiscounted cash flows included increasing net sales and operational improvements designed to reduce costs. Changes in any of the significant assumptions used can materially affect the expected cash flows, and such impacts can result in the requirement to proceed to the second step of the test and potentially a material non-cash impairment charge could result. The Company is not currently aware of any negative changes in its assumptions that could lead to the fair value of the reporting units being less than the carrying value. A summary of the activities related to the Company’s intangible assets for the years ended December 31, 2015, 2014 and 2013 consists of the following (in thousands): Intangible Goodwill Total Intangible Goodwill and Intangible Assets, December 31, 2012 $ 52,757 $ 5,085 $ 57,842 Amortization (2,693 ) — (2,693 ) Goodwill and Intangible Assets, December 31, 2013 50,064 5,085 55,149 Acquisition of trade names 12,348 — 12,348 Acquisition of customer relationships 32,417 — 32,417 Acquisition of other intangible assets 618 — 618 Goodwill from Kitchen Craft acquisition — 13,016 13,016 Impairment of trade names (3,384 ) — (3,384 ) Amortization (6,567 ) — (6,567 ) Goodwill and Intangible Assets, December 31, 2014 85,496 18,101 103,597 Amortization (7,004 ) — (7,004 ) Goodwill and Intangible Assets, December 31, 2015 $ 78,492 $ 18,101 $ 96,593 The weighted-average amortization periods for the Company’s finite-lived intangible assets as of December 31, 2015 are as follows: Years Trade names 14 Licenses 33 Customer relationships 13 Other 11 Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands): Year ending December 31, 2016 $ 6,993 2017 6,705 2018 6,705 2019 6,705 2020 6,690 Amortization expense for the years ended December 31, 2015, 2014 and 2013 was $7.0 million, $6.6 million and $2.7 million, respectively.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2015
DEBT	NOTE E — DEBT Credit Agreement In January 2014, the Company entered into the Second Amended and Restated Credit Agreement, which has been amended, with JPMorgan Chase Bank, N.A, as Administrative Agent and Co-Collateral Agent, and HSBC Bank USA, National Association, as Syndication Agent and Co-Collateral Agent (the “Credit Agreement”). The Credit Agreement, which expires in January 2019, provides for, among other things, a Revolving Credit Facility commitment totaling $175.0 million ($40.0 million of which is available for multi-currency borrowings) and a Term Loan facility of $50.0 million. At December 31, 2015 and 2014, borrowings outstanding under the Revolving Credit Facility were $65.6 million and $92.7 million, respectively. At December 31, 2015 and 2014, open letters of credit were $1.4 million and $2.3 million, respectively. At December 31, 2015 and 2014, availability under the Revolving Credit Facility was approximately $86.2 million and $64.9 million, respectively. The borrowing capacity under the Revolving Credit Facility depends, in part, on eligible levels of accounts receivable and inventory, each of which fluctuates based upon seasonality of the business, and certain trademark values, based upon periodic appraisals. Therefore, the actual borrowing capacity may be less than the $175.0 million commitment. The Company classifies a portion of the Revolving Credit Facility as a current liability if the Company’s intent and ability is to repay the loan from cash flows from operations which are expected to occur within the next 12 months. Repayments and borrowings under the facility can vary significantly from planned levels based on cash flow needs and general economic conditions. The Company expects that it will continue to borrow and repay funds, subject to availability, under the facility based on working capital and other corporate needs. The Company’s payment obligations under the Revolving Credit Facility are unconditionally guaranteed by each of its existing U.S. subsidiaries and will be unconditionally guaranteed by each of its future U.S. subsidiaries. Certain payment obligations under the Revolving Credit Facility are also direct obligations of its foreign subsidiary borrowers designated as such under the Credit Agreement and, subject to limitations on such guaranties, are guaranteed by the foreign subsidiary borrowers, as well as by the Company. The obligations of the Company under the Revolving Credit Facility and any hedging arrangements and cash management services and the guarantees by its domestic subsidiaries in respect of those obligations are secured by substantially all of the assets and stock (but in the case of foreign subsidiaries, limited to 65% of the capital stock in first-tier foreign subsidiaries and not including the stock of subsidiaries of such first-tier foreign subsidiaries) owned by the Company and the U.S. subsidiary guarantors, subject to certain exceptions. Such security interests consist of a first-priority lien, subject to certain permitted liens, with respect to the assets of the Company and its domestic subsidiaries pledged as collateral in favor of lenders under the Revolving Credit Facility. As of December 31, 2015 and 2014, $35.0 million and $45.0 million, respectively, was outstanding under the Term Loan. In May 2015, the Credit Agreement was amended to provide for a $10.0 million prepayment of the Term Loan if such amount exceeded 50% of the Company’s excess cash flow for the 2015 fiscal year. Interest rates on outstanding borrowings at December 31, 2015 ranged from 2.125% to 4.75%. In addition, the Company pays a commitment fee of 0.375% on the unused portion of the Revolving Credit Facility. The Credit Agreement provides for customary restrictions and events of default. Restrictions include limitations on additional indebtedness, acquisitions, investments and payment of dividends, among other things. Further, the Credit Agreement provides that at any time any Term Loan is outstanding or at any time no Term Loan is outstanding and availability under the Revolving Credit Facility is less than $17.5 million and continuing until availability of at least $20.0 million is maintained for three consecutive months, the Company is required to maintain a minimum fixed charge coverage ratio of 1.20 to 1.00 for each of four consecutive fiscal quarter periods. The Credit Agreement also provides that when the Term Loan is outstanding, the Company is required to maintain a Senior Leverage Ratio within defined parameters not to exceed 4.50 to 1.00 for the fiscal quarter ending December 31, 2015; 4.00 to 1.00 for each fiscal quarter ending March 31, June 30 and September 30, 2016; and 3.75 to 1.00 for each fiscal quarter ending thereafter. For any fiscal quarter of the Company ending on September 30 th Pursuant to the Credit Agreement, as of December 31, 2015 the maximum additional permitted indebtedness other than certain subordinated indebtedness was $99.7 million. The Company was in compliance with the financial covenants of the Credit Agreement at December 31, 2015. Other Credit Agreements A subsidiary of the Company has a credit facility (“HSBC Facility” or “Short term loan”) with HSBC Bank (China) Company Limited, Shanghai Branch (“HSBC”) for up to RMB 18.0 million ($2.9 million). The HSBC Facility is subject to annual renewal and may be used to fund general working capital needs of the Company’s subsidiary which is a trading company in the People’s Republic of China. Borrowings under the HSBC Facility are guaranteed by the Company and are granted at the sole discretion of HSBC. At December 31, 2015, RMB 1.6 million ($252,000) was outstanding and the interest rate was 5.0% under the HSBC Facility.

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2015
DERIVATIVES	NOTE F — DERIVATIVES The Company is a party to interest rate swap agreements with an aggregate notional amount of $20.1 million to manage interest rate exposure in connection with its variable interest rate borrowings. The hedge periods of these agreements commenced in March 2013 and expire in June 2018 and the notional amounts amortize over these periods. The interest rate swap agreements were designated as cash flow hedges under ASC Topic No. 815. The effective portion of the fair value gain or loss on these agreements is recorded as a component of accumulated other comprehensive income (loss). The Company has also entered into foreign exchange contracts, primarily to offset the earnings impact related to fluctuations in foreign currency exchange rates associated with inventory purchases denominated in foreign currencies. The aggregate gross notional amount of foreign exchange contracts at December 31, 2015 was $5.5 million. These foreign exchange contracts have not been designated as hedges as required in order to apply hedge accounting. The changes in the fair value of these contracts are recorded in earnings immediately. The fair values of the Company’s derivative financial instruments included in the consolidated balance sheets are presented as follows (in thousands): Liabilities December 31, Derivatives designated as hedging instruments Balance Sheet Location 2015 2014 Interest rate swaps Acrrued Expenses $ 10 $ 6 Deferred rent & other long-term liability 25 26 Assets December 31, Derivatives not designated as hedging instruments Balance Sheet Location 2015 2014 Foreign exchange contracts Prepaid expenses and other current assets $ 261 $ — The fair value of the derivatives have been obtained from the counterparties to the agreements and were based on Level 2 observable inputs using proprietary models and estimates about relevant future market conditions. The amounts of the gains and losses related to the Company’s derivative financial instruments designated as hedging instruments are presented as follows (in thousands): Amount of Gain or (Loss) Recognized in OCI on Derivatives Year ended December 31, Derivatives designated as hedging instruments 2015 2014 2015 Interest rate swaps $ (2 ) $ 13 $ 241 No amounts recorded in accumulated other comprehensive income (loss) are expected to be reclassified to interest expense in the next twelve months. The amounts of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are presented as follows (in thousands): Derivatives not designated as hedging instruments Location of Gain or (Loss) Amount of Gain or (Loss) Year Ended December 31, 2015 2014 2013 Foreign exchange contracts Selling, general and administrative expense $ 272 $ 694 $ —

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Dec. 31, 2015
CAPITAL STOCK	NOTE G — CAPITAL STOCK Long-term incentive plan The Company’s Amended and Restated 2000 Long-Term Incentive Plan (the “Plan”) provides for the granting of awards of up to 4,850,000 shares of common stock. These shares of the Company’s common stock are available for grants to directors, officers, employees, consultants and service providers and affiliates in the form of stock options or other equity-based awards. The Plan authorizes the Board of Directors of the Company, or a duly appointed committee thereof, to issue incentive stock options, non-qualified options, restricted stock, performance based awards and other stock-based awards. Options that have been granted under the Plan expire over a range of five to ten years from the date of grant and vest over a range of up to five years from the date of grant. Shares of restricted stock that have been granted under the Plan vest over a range of up to four years from the date of grant. Performance based awards that have been granted under the Plan vest after three years based upon the attainment of specified performance goals. As of December 31, 2015, there were 604,460 shares available for the grant of awards. Cash dividends Dividends were declared in 2015 and 2014 as follows: Dividend per share Date declared Date of record Payment date $0.0375 October 31, 2013 January 31, 2014 February 14, 2014 $0.0375 March 11, 2014 May 1, 2014 May 15, 2014 $0.0375 June 19, 2014 August 1, 2014 August 15, 2014 $0.0375 July 29, 2014 October 31, 2014 November 14, 2014 $0.0375 November 5, 2014 January 30, 2015 February 13, 2015 $0.0375 March 4, 2015 May 1, 2015 May 15, 2015 $0.0375 June 10, 2015 July 31, 2015 August 14, 2015 $0.0425 August 4, 2015 October 30, 2015 November 13, 2015 $0.0425 November 3, 2015 February 1, 2016 February 15, 2016 On March 3, 2016, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on May 16, 2016 to shareholders of record on May 2, 2016. Stock repurchase program On April 30, 2013, Lifetime’s Board of Directors authorized the repurchase of up to $10.0 million of the Company’s common stock. The repurchase authorization permits the Company to effect repurchases from time to time through open market purchases and privately negotiated transactions. During the year ended December 31, 2013, the Company repurchased 245,575 shares for a total cost of $3.2 million and thereafter retired the shares. No shares were repurchased during the years ended December 31, 2015 and 2014. Preferred stock The Company is authorized to issue 100 shares of Series A Preferred Stock and 2,000,000 shares of Series B Preferred Stock, none of which has been issued or is outstanding at December 31, 2015. Stock options A summary of the Company’s stock option activity and related information for the three years ended December 31, 2015, is as follows: Options Weighted- Weighted- Aggregate Options outstanding at December 31, 2012 2,528,177 13.06 Grants 390,800 12.26 Exercises (247,827 ) 4.91 Cancellations (68,000 ) 16.89 Expirations (231,500 ) 22.46 Options outstanding at December 31, 2013 2,371,650 12.75 Grants 394,400 18.83 Exercises (365,223 ) 8.63 Cancellations (32,200 ) 12.23 Expirations (42,000 ) 26.61 Options outstanding at December 31, 2014 2,326,627 14.19 Grants 89,600 13.99 Exercises (110,375 ) 8.84 Cancellations (37,750 ) 15.57 Expirations (25,900 ) 26.60 Options outstanding at December 31, 2015 2,242,202 14.28 5.1 3,715,000 Options exercisable at December 31, 2015 1,725,944 $ 13.85 4.3 $ 3,551,000 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value that would have been received by the option holders had all option holders exercised their in-the-money stock options on December 31, 2015. The intrinsic value is calculated for each in-the-money stock option as the difference between the closing price of the Company’s common stock on December 31, 2015 and the exercise price. The total intrinsic values of those stock options that were exercised in the years ended December 31, 2015, 2014, and 2013 were $639,000, $3,103,000 and $1,997,000, respectively. The intrinsic value of a stock option that is exercised is calculated at the date of exercise. Total unrecognized stock option compensation expense at December 31, 2015, before the effect of income taxes, was $3.1 million and is expected to be recognized over a weighted-average period of 2.0 years. The Company values stock options using the Black-Scholes option valuation model. The Black-Scholes option valuation model, as well as other available models, was developed for use in estimating the fair value of traded options, which have no vesting restrictions and are fully transferable. The Black-Scholes option valuation model requires the input of highly subjective assumptions including the expected stock price volatility and risk-free interest rate. Because the Company’s stock options have characteristics significantly different from those of traded options, changes in the subjective input assumptions can materially affect the fair value estimates of the Company’s stock options. The weighted-average per share grant date fair value of stock options granted during the years ended December 31, 2015, 2014, and 2013 was $4.68, $9.73 and $6.12, respectively. The fair values for these stock options were estimated at the dates of grant using the following weighted-average assumptions: 2015 2014 2013 Historical volatility 39 % 58 % 61 % Expected term (years) 5.2 6.0 5.6 Risk-free interest rate 1.67 % 1.95 % 0.88 % Expected dividend yield 1.18 % 0.77 % 0.97 % Restricted Stock A summary of the Company’s restricted stock activity and related information for the three years ended December 31, 2015 is as follows: Restricted Weighted- Nonvested restricted shares, December 31, 2012 23,394 $ 11.54 Grants 22,459 13.26 Vested (23,394 ) 11.54 Nonvested restricted shares, December 31, 2013 22,459 13.26 Grants 26,511 15.86 Vested (22,459 ) 13.26 Nonvested restricted shares, December 31, 2014 26,511 15.86 Grants 100,073 14.78 Vested (24,649 ) 15.97 Cancellations (500 ) 14.84 Nonvested restricted shares, December 31, 2015 101,435 $ 14.77 Total unrecognized compensation expense remaining $ 1,089,700 Weighted-average years expected to be recognized over 2.6 The total fair value of restricted stock that vested during the year ended December 31, 2015 was $374,000. Performance shares During the year ended December 31, 2015, awards for performance shares were granted under the Plan. Each performance award represents the right to receive up to 150% of the target number of shares of common stock. The number of shares of common stock earned will be determined based on the attainment of specified performance goals by December 31, 2017, as determined by the Compensation Committee. The shares are subject to the terms and conditions of the Plan. A summary of the Company’s performance-based award activity and related information for the year ended December 31, 2015 is as follows: Performance- awards Weighted- Nonvested performance-based awards, January 1, 2015 — $ — Grants (at target) 66,650 14.84 Cancellations (500 ) 14.84 Nonvested performance-based awards, December 31, 2015 66,150 $ 14.84 Total unrecognized compensation expense remaining $ 740,560 Weighted-average years expected to be recognized over 2.0 The Company recognized total stock compensation expense of $5.3 million for the year ended December 31, 2015, of which $2.2 million represents stock option compensation expense, $0.8 million represents restricted stock, including restricted stock granted to directors, and performance based compensation expense and $2.2 million represents stock awards. For the year ended December 31, 2014 the Company recognized total stock compensation expense of $4.5 million, of which $2.5 million represents stock option compensation expense, $0.3 million represents restricted stock compensation expense and $1.7 million represents stock awards. For the year ended December 31, 2013, the Company recognized total stock compensation expense of $2.9 million.

INCOME PER COMMON SHARE

INCOME PER COMMON SHARE	12 Months Ended
	Dec. 31, 2015
INCOME PER COMMON SHARE	NOTE H — INCOME PER COMMON SHARE Basic income per common share has been computed by dividing net income by the weighted-average number of shares of the Company’s common stock outstanding. Diluted income per common share adjusts net income and basic income per common share for the effect of all potentially dilutive shares of the Company’s common stock. The calculations of basic and diluted income per common share for the years ended December 31, 2015, 2014, and 2013 are as follows: 2015 2014 2013 (in thousands - except per share amounts) Net income – Basic and Diluted $ 12,278 $ 1,544 $ 9,281 Weighted-average shares outstanding – Basic 13,850 13,519 12,757 Effect of dilutive securities: Stock options and restricted stock 416 455 286 Weighted-average shares outstanding – Diluted 14,266 13,974 13,043 Basic income per common share $ 0.89 $ 0.11 $ 0.73 Diluted income per common share $ 0.86 $ 0.11 $ 0.71 The computations of diluted income per common share for the years ended December 31, 2015, 2014 and 2013 excludes options to purchase 1,467,857, 2,004,836 and 1,417,145 shares of the Company’s common stock, respectively. These shares were excluded due to their antidilutive effect.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
INCOME TAXES	NOTE I — INCOME TAXES The components of income before income taxes, equity in earnings and extraordinary item are as follows: Year Ended December 31, 2015 2014 2013 (in thousands) Domestic $ 22,096 $ 10,251 $ 26,470 Foreign (3,765 ) 3,611 (3,233 ) Total income before income taxes and equity in earnings $ 18,331 $ 13,862 $ 23,237 The provision for income taxes (before equity in earnings) consists of: Year Ended December 31, 2015 2014 2013 (in thousands) Current: Federal $ 5,584 $ 4,709 $ 8,996 State and local 1,879 1,284 1,707 Foreign 604 1,691 747 Deferred (1,440 ) (1,859 ) (2,275 ) Income tax provision $ 6,627 $ 5,825 $ 9,175 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income tax assets are as follows: December 31, 2015 2014 (in thousands) Deferred income tax assets: Deferred rent expense $ 4,028 $ 3,686 Stock options 4,179 3,348 Inventory 1,298 1,312 Operating loss carry-forward 2,213 2,073 Accounts receivable allowances 217 406 Accrued compensation 867 897 Other 2,820 2,911 Total deferred income tax assets $ 15,622 $ 14,633 Significant components of the Company’s net deferred income tax (liability) asset are as follows: December 31, 2015 2014 (in thousands) Deferred income tax liabilities: Depreciation and amortization $ (3,121 ) $ (3,461 ) Intangibles (12,380 ) (12,549 ) Equity in earnings (154 ) (504 ) Total deferred income tax liabilities (15,655 ) (16,514 ) Net deferred income tax asset (liability) (33 ) (1,881 ) Valuation allowance (2,077 ) (1,897 ) Net deferred income tax (liability) asset $ (2,110 ) $ (3,778 ) The Company has generated various state net operating loss carryforwards of which, $13.4 million remained at December 31, 2015 that begin to expire in 2016. The Company has net operating losses in foreign jurisdictions of $7.5 million at December 31, 2015 that begin to expire in 2020. The reduction in the deferred tax liabilities is primarily due to the enactment of lower corporate income tax rates in the United Kingdom, from 20% in 2015 to 18% in 2020. The valuation allowance which remained as of December 31, 2015 relates to certain state and foreign net operating losses. The provision for income taxes (before equity in earnings) differs from the amounts computed by applying the applicable federal statutory rates as follows: Year Ended December 31, 2015 2014 2013 Provision for federal income taxes at the statutory rate 35.0 % 35.0 % 35.0 % Increases (decreases): State and local income taxes, net of Federal income tax benefit 5.3 4.9 5.5 Foreign rate differences (8.6 ) (2.7 ) (1.1 ) Non-deductible expenses 5.5 6.4 2.8 Other (1.0 ) (1.6 ) (2.7 ) Provision for income taxes 36.2 % 42.0 % 39.5 % The estimated values of the Company’s gross uncertain tax positions at December 31, 2015, 2014 and 2013 are liabilities of $157,000, $572,000 and $351,000, respectively, and consist of the following: Year Ended December 31, 2015 2014 2013 (in thousands) Balance at January 1 $ (572 ) $ (351 ) $ (301 ) Additions based on tax positions related to the current year (15 ) — (31 ) Additions for tax positions of prior years — (221 ) (164 ) Settlements 430 — 145 Balance at December 31 $ (157 ) $ (572 ) $ (351 ) The Company had approximately $42,000 and $40,000, net of federal and state tax benefit, accrued at December 31, 2015 and 2014, respectively, for the payment of interest. The Company’s policy for recording interest and penalties is to record such items as a component of income taxes. If the Company’s tax positions are ultimately sustained, the Company’s liability, including interest, would be reduced by $149,000 all of which would impact the Company’s tax provision. On a quarterly basis, the Company evaluates its tax positions and revises its estimates accordingly. The Company believes that it is reasonably possible that $76,000 of its tax positions will be resolved within the next twelve months. The Company is no longer subject to U.S. Federal income tax examinations for the years prior to 2013. The Company has identified the following jurisdictions as “major” tax jurisdictions: U.S. Federal, California, Massachusetts, Illinois, New York, New Jersey and the United Kingdom. At December 31, 2015, the periods subject to examination by the Company’s major state jurisdictions are the years ended 2011 through 2014.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	12 Months Ended
	Dec. 31, 2015
BUSINESS SEGMENTS	NOTE J — BUSINESS SEGMENTS Segment information The Company has three reportable segments, U.S. Wholesale, International and Retail Direct. The U.S. Wholesale segment includes the Company’s primary domestic business that designs, markets and distributes its products to retailers and distributors. The International Segment consists of certain business operations conducted outside the U.S. The Retail Direct segment is that in which the Company markets and sells a limited selection of its products to consumers through its Pfaltzgraff, Mikasa, Built NY, Fred & Friends and Lifetime Sterling websites. The Company has segmented its operations to reflect the manner in which management reviews and evaluates the results of its operations. While the three segments distribute similar products, the segments have been distinct due to the different methods the Company uses to sell, market and distribute the products. Management evaluates the performance of the U.S. Wholesale, International and Retail Direct segments based on net sales and income (loss) from operations. Such measures give recognition to specifically identifiable operating costs such as cost of sales, distribution expenses and selling, general and administrative expenses. Certain general and administrative expenses, such as senior executive salaries and benefits, stock compensation, director fees and accounting, legal and consulting fees, are not allocated to the specific segments and are reflected as unallocated corporate expenses. Year Ended December 31, 2015 2014 2013 (in thousands) Net sales: U.S. Wholesale $ 458,593 $ 441,293 $ 444,187 International 108,000 125,230 38,907 Retail Direct 21,077 19,487 20,680 Non-operating adjustment (1) — — (1,053 ) Total net sales $ 587,670 $ 586,010 $ 502,721 Income from operations: U.S. Wholesale (2) $ 41,343 $ 34,874 $ 46,303 International (3) (1,600 ) 3,759 (2,151 ) Retail Direct (596 ) (1,034 ) (62 ) Non-operating adjustment (1) — — (1,053 ) Unallocated corporate expenses (14,916 ) (16,215 ) (14,851 ) Total income from operations $ 24,231 $ 21,384 $ 28,186 Depreciation and amortization: U.S. Wholesale $ 8,784 $ 8,618 $ 8,549 International 5,272 5,379 1,601 Retail Direct 147 203 265 Total depreciation and amortization $ 14,203 $ 14,200 $ 10,415 Note: (1) In 2013, the Company recorded a non-operating adjustment to reduce accounts receivable for previously issued credits within the Retail Direct business which related to 2010 and earlier periods. (2) In 2014, income from operations for the U.S. Wholesale segment included a $3.4 million of intangible asset impairment charge and $4.2 million related to the reduction in certain contingent consideration accruals. (3) In 2015, income from operations for the International segment includes a $1.0 million net charge related to the change in certain contingent consideration accruals. Year Ended December 31, 2015 2014 2013 (in thousands) Assets: U.S. Wholesale $ 269,764 $ 287,744 $ 291,757 International 115,128 128,055 35,365 Retail Direct 443 535 730 Unallocated/ corporate/ other 13,617 5,068 8,887 Total assets $ 398,952 $ 421,402 $ 336,739 Capital expenditures: U.S. Wholesale $ 4,087 $ 5,431 $ 3,375 International 1,004 650 272 Retail Direct 75 90 195 Total capital expenditures $ 5,166 $ 6,171 $ 3,842 Year Ended December 31, 2015 2014 2013 (in thousands) Goodwill: U.S. Wholesale Beginning balance $ 2,412 $ 2,412 $ 2,412 Acquisition activity — — — Ending balance 2,412 2,412 2,412 International Beginning balance 15,689 2,673 2,673 Acquisition activity — 13,016 — Ending balance 15,689 15,689 2,673 Total goodwill (1) $ 18,101 $ 18,101 $ 5,085 Note: (1) No goodwill is allocated to the Company’s Retail Direct reportable segment. Geographical information The following table sets forth net sales and long-lived assets by the major geographic locations: Year ended December 31, 2015 2014 2013 (in thousands) Net sales: United States $ 462,234 $ 436,049 $ 439,129 United Kingdom 81,347 93,432 29,012 Rest of World 44,089 56,529 34,580 Total $ 587,670 $ 586,010 $ 502,721 December 31, 2015 2014 (in thousands) Long-lived assets, excluding intangible assets, at period-end: United States $ 49,990 $ 54,594 United Kingdom 1,550 3,927 Rest of World 953 1,167 Total $ 52,493 $ 59,688 Product category information – net sales The following table sets forth net sales by major product categories included within the Company’s U.S. Wholesale operating segment: Year Ended December 31, 2015 2014 2013 (in thousands) Category: Kitchenware $ 271,045 $ 269,265 $ 281,211 Tableware 124,353 117,546 110,108 Home Solutions 63,195 54,482 52,868 Total $ 458,593 $ 441,293 $ 444,187 The following table sets forth net sales by major product categories included within the Company’s International operating segment: Year Ended December 31, 2015 2014 2013 (in thousands) Category: Kitchenware $ 61,291 $ 67,604 $ — Tableware 46,709 57,626 38,907 Total $ 108,000 $ 125,230 $ 38,907

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES	NOTE K — COMMITMENTS AND CONTINGENCIES Operating leases The Company has lease agreements for its corporate headquarters, distribution centers, showrooms and sales offices that expire through 2029. These leases generally provide for, among other things, annual base rent escalations and additional rent for real estate taxes and other costs. Future minimum payments under non-cancelable operating leases are as follows (in thousands): Year Ending December 31, 2016 $ 17,058 2017 17,294 2018 13,476 2019 11,280 2020 10,132 Thereafter 71,035 Total $ 140,275 Rent and related expenses under operating leases were $17.4 million, $15.8 million and $14.3 million for the years ended December 31, 2015, 2014 and 2013, respectively. There was no sublease rental income in 2015, 2014 or 2013. The Company leases two properties from the trustees of active retirement benefit plans in which former and current employees of the Company participate in. Total lease payments made to these related parties in 2015 were $850,000. The lease agreements expire in 2020. Royalties The Company has license agreements that require the payment of royalties on sales of licensed products which expire through 2023. Future minimum royalties payable under these agreements are as follows (in thousands): Year ending December 31, 2016 $ 6,986 2017 6,823 2018 6,733 2019 1,140 2020 406 Thereafter 604 Total $ 22,692 Legal proceedings Wallace Silversmiths de Puerto Rico, Ltd. (“WSPR”), a wholly-owned subsidiary of the Company, operates a manufacturing facility in San Germán, Puerto Rico that is leased from the Puerto Rico Industrial Development Company (“PRIDCO”). In March 2008, the United States Environmental Protection Agency (the “EPA”) announced that the San Germán Ground Water Contamination site in Puerto Rico (the “Site”) had been added to the Superfund National Priorities List due to contamination present in the local drinking water supply. In May 2008, WSPR received from the EPA a Notice of Potential Liability and Request for Information Pursuant to 42 U.S.C. Sections 9607(a) and 9604(e) of the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”). In July 2011, WSPR received a letter from the EPA requesting access to the property that it leases from PRIDCO to conduct an environmental investigation, and the Company granted such access. In February 2013, the EPA requested access to conduct a further environmental investigation at the property. PRIDCO agreed to such access and the Company consented. EPA conducted further investigation during 2013 and, in April 2015, notified the Company and PRIDCO that the results from vapor intrusion sampling may warrant implementation of measures to mitigate potential exposure to sub-slab soil gas. The Company reviewed the information provided by the EPA and requested that PRIDCO, as the property owner, find and implement a solution acceptable to the EPA. While WSPR did not cause the sub-surface condition that resulted in the potential for vapor intrusion, in order to protect the health of its employees and continue its business operations, it has nevertheless implemented corrective action measures to prevent vapor intrusion such as sealing floors of the building and conducting periodic air monitoring to address potential exposure. On August 13, 2015, the EPA released its remedial investigation and feasibility study (“RI/FS”) for the Site. On December 11, 2015, the EPA issued the Record of Decision (“ROD”) for OU-1, electing to implement its preferred remedy which consists of soil vapor extraction and dual-phase extraction/ in-situ in-situ Accordingly, based on the above uncertainties and variables, it is not possible at this time for the Company to estimate its share of liability, if any, related to this matter. However, in the event of one or more adverse determinations related to this matter, it is possible that the ultimate liability resulting from this matter and the impact on the Company’s results of operations could be material. The Company is, from time to time, involved in other legal proceedings. The Company believes that other current litigation is routine in nature and incidental to the conduct of the Company’s business and that none of this litigation, individually or collectively, would have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

RETIREMENT PLANS

RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2015
RETIREMENT PLANS	NOTE L — RETIREMENT PLANS 401(k) plan The Company maintains a defined contribution retirement plan for eligible employees under Section 401(k) of the Internal Revenue Code. Participants can make voluntary contributions up to the Internal Revenue Service limit of $18,000 ($24,000 for employees 50 years or over) for 2015. Effective January 1, 2009, the Company suspended its matching contribution as an expense savings measure. The Company’s United Kingdom-based subsidiaries also maintain defined contribution pension plans. Retirement benefit obligations The Company assumed retirement benefit obligations, which are paid to certain former executives of a business acquired in 2006. These obligations under these agreements are unfunded and amounted to $6.5 million at December 31, 2015 and $6.9 million at December 31, 2014. The discount rate used to calculate the retirement benefit obligations was 3.96% at December 31, 2015 and 3.65% at December 31, 2014. The retirement benefit obligations are included in accrued expenses and deferred rent and other long-term liabilities. The Company expects to recognize $91,000 of actuarial losses included in accumulated other comprehensive loss in net periodic benefit cost in 2016. Expected benefit payments for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter are as follows (in thousands): Year ending December 31, 2016 $ 144 2017 294 2018 396 2019 386 2020 375 2021 through 2024 2,003 Kitchen Craft pension plan Kitchen Craft was the sponsor of a defined benefit pension plan (the “Plan”) for which service costs accrual ceased prior to its acquisition in January 2014. In October 2014, the Plan trustees secured, in full, all benefits payable or contingently payable under the Plan (subject to adjustment as determined by the UK pension authority in connection with its approval of the Plan’s termination) through the purchase of a group annuity contract from a major UK-based insurance company. The share purchase agreement, pursuant to which the Company acquired Kitchen Craft, provides that any additional contributions required in connection with the settlement and termination of the Plan shall be offset by future amounts owed to the sellers or, if those amounts are insufficient, reimbursed to the Company by the sellers. Accordingly, there was no impact, nor is there any expected future impact, to the Company’s statement of operations in connection with the settlement and termination of the Plan, which occurred in 2015. The following table summarizes the changes in the projected benefit obligations and plan assets for the years ended December 31, 2015 and 2014: Year Ended December 31, 2015 2014 (in thousands) Change in projected benefit obligations Projected benefit obligations, beginning of year/ acquisition $ 13,796 $ 11,678 Interest cost — 364 Actuarial (gain) loss (2,492 ) 2,887 Benefits paid (58 ) (216 ) Annuity purchase (11,008 ) — Currency adjustment (238 ) (917 ) Projected benefit obligations, end of year $ — $ 13,796 Change in plan assets Fair value of plan assets, beginning of year/ acquisition $ 15,533 $ 11,678 Actual return on plan assets (1,903 ) 2,618 Employer (refund) contributions (2,295 ) 2,471 Benefits paid (58 ) (216 ) Annuity purchase (11,008 ) — Currency adjustment (269 ) (1,018 ) Fair value of plan assets, end of year $ — $ 15,533 Net Plan funding, end of year $ — $ 1,738 The following table summarizes the components of net period pension costs: Year Ended December 31, 2015 2014 (in thousands) Components of net periodic pension cost Expected return on plan assets $ — $ (390 ) Interest cost on projected benefit obligations — 364 Net periodic pension cost $ — $ (26 ) The accumulated benefit obligations at December 31, 2015 and 2014 are $0 and $13.8 million. The amounts in accumulated other comprehensive income at December 31, 2015 and 2014 are $0 and $623,000.

OTHER

OTHER	12 Months Ended
	Dec. 31, 2015
OTHER	NOTE M — OTHER Inventory The components of inventory are as follows: December 31, 2015 2014 (in thousands) Finished goods $ 133,618 $ 134,564 Work in process 1,754 1,887 Raw materials 1,518 1,473 Total $ 136,890 $ 137,924 Property and equipment Property and equipment consist of: December 31, 2015 2014 (in thousands) Machinery, furniture and equipment $ 88,914 $ 85,556 Leasehold improvements 28,989 28,056 Building and improvements 1,604 1,604 Construction in progress 1,543 1,108 Land 100 100 121,150 116,424 Less: accumulated depreciation and amortization (96,273 ) (89,623 ) Total $ 24,877 $ 26,801 Depreciation and amortization expense of property and equipment for the years ended December 31, 2015, 2014 and 2013 was $7.2 million, $7.7 million and $7.7 million, respectively. Included in machinery, furniture and equipment at each of December 31, 2015 and 2014 is $2.3 million and $2.1 million, respectively, related to assets recorded under capital leases. Included in accumulated depreciation and amortization at December 31, 2015 and 2014 is $2.1 million and $2.0 million, respectively, related to assets recorded under capital leases. Accrued expenses Accrued expenses consist of: December 31, 2015 2014 (in thousands) Customer allowances and rebates $ 10,474 $ 12,314 Compensation and benefits 10,762 9,412 Interest 241 224 Vendor invoices 4,424 3,071 Royalties 2,330 2,266 Commissions 989 1,222 Freight 1,360 1,519 Professional fees 860 1,527 VAT 1,312 1,400 Contingent consideration related to acquisitions 3,193 — Other 4,209 4,006 Total $ 40,154 $ 36,961 Deferred rent & other long-term liabilities Deferred rent & other long-term liabilities consist of: December 31, 2015 2014 (in thousands) Deferred rent liability $ 10,450 $ 9,530 Retirement benefit obligations 6,349 6,776 Contingent consideration related to acquisitions 892 3,286 Compensation 719 542 Capital lease obligations 121 — Derivative liability 25 26 Total $ 18,556 $ 20,160 Supplemental cash flow information Year Ended December 31, 2015 2014 2013 (in thousands) Supplemental disclosure of cash flow information: Cash paid for interest $ 4,909 $ 5,035 $ 4,115 Cash paid for taxes 8,963 4,912 10,862 Non-cash investing activities: Translation adjustment $ (5,281 ) $ (4,736 ) $ (140 ) Components of accumulated other comprehensive loss, net Year Ended December 31, 2015 2014 2013 (in thousands) Accumulated translation adjustment: Balance at beginning of year $ (7,680 ) $ (2,944 ) $ (2,804 ) Translation adjustment during period (5,281 ) (4,736 ) (140 ) Balance at end of year $ (12,961 ) $ (7,680 ) $ (2,944 ) Accumulated effect of retirement benefit obligations: Balance at beginning of year $ (2,224 ) $ (745 ) $ (1,160 ) Net gain (loss) arising from retirement benefit obligations, net of tax 941 (1,507 ) 361 Amounts reclassified from accumulated other comprehensive loss: Amortization of loss, net of tax (1) 79 28 54 Balance at end of year $ (1,204 ) $ (2,224 ) $ (745 ) Accumulated deferred gains (losses) on cash flow hedges: Balance at beginning of year $ (18 ) $ (31 ) $ (272 ) Derivative fair value adjustment, net of tax (2 ) 13 241 Balance at end of year (2) $ (20 ) $ (18 ) $ (31 ) Notes: (1) Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations. (2) No amounts were reclassified out of accumulated other comprehensive loss. Amounts reclassified would be recorded in interest expense on the consolidated statements of operations.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts	LIFETIME BRANDS, INC. SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (in thousands) COL. A COL. B COL. C COL. D COL. E Additions Description Balance at Due to Charged to Deductions Balance at Year ended December 31, 2015 Deducted from asset accounts: Allowance for doubtful accounts $ 815 $ — $ 226 $ (344 ) (a) $ 697 Reserve for sales returns and allowances 5,848 — 6,504 (c) (7,749 ) (b) 4,603 $ 6,663 $ — $ 6,730 $ (8,093 ) $ 5,300 Year ended December 31, 2014 Deducted from asset accounts: Allowance for doubtful accounts $ 473 $ 119 $ 401 $ (178 ) (a) $ 815 Reserve for sales returns and allowances 4,736 350 10,996 (c) (10,234 ) (b) 5,848 $ 5,209 $ 469 $ 11,397 $ (10,412 ) $ 6,663 Year ended December 31, 2013 Deducted from asset accounts: Allowance for doubtful accounts $ 361 $ — $ 260 $ (148 ) (a) $ 473 Reserve for sales returns and allowances 3,635 — 6,004 (c) (4,903 ) (b) 4,736 $ 3,996 $ — $ 6,264 $ (5,051 ) $ 5,209 (a) Uncollectible accounts written off, net of recoveries. (b) Allowances granted. (c) Charged to net sales.

SIGNIFICANT ACCOUNTING POLICI24

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for financial information and with the instructions to Form 10-K. The accompanying consolidated financial statements include estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with U.S. GAAP. The most significant of these estimates and assumptions relate to revenue recognition, allowances for doubtful accounts, reserves for sales returns and allowances and customer chargebacks, inventory mark-down provisions, impairment of tangible and intangible assets, stock based compensation expense, estimates for unpaid healthcare claims, derivative valuations, accruals related to the Company’s tax positions and tax valuation allowances. Although these and other estimates and assumptions are based on the best available information, actual results could be materially different from these estimates.
Principles of consolidation	Principles of consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Foreign Currency	Foreign Currency All foreign wholly-owned subsidiaries use the local currency of their respective countries as their functional currency. Assets and liabilities are translated into U.S. dollars at exchange rates prevailing at the balance sheet dates. Revenues, costs and expenses are translated into U.S. dollars at average exchange rates for the relevant period. Income and losses resulting from translation are recorded as a component of accumulated other comprehensive income (loss). Gains and losses from foreign currency transactions are recognized in selling, general and administrative expenses in the consolidated statements of operations. Foreign currency gain/loss included within selling, general and administrative expenses was a $714,000 loss in 2015, $1.4 million loss in 2014 and a $258,000 loss in 2013.
Revenue recognition	Revenue recognition The Company sells products wholesale, to retailers and distributors, and retail, directly to consumers. Wholesale sales and retail direct sales are recognized when title passes to the customer, which is primarily at the shipping point for wholesale sales and upon delivery to the customer for retail direct sales. Shipping and handling fees that are billed to customers in sales transactions are included in net sales and amounted to $1.6 million in 2015 and $1.4 million for each of the years ended December 31, 2014 and 2013. Net sales exclude taxes that are collected from customers and remitted to the taxing authorities. The Company offers various sales incentives and promotional programs to its customers from time to time in the normal course of business. These incentives and promotions typically include arrangements such as cooperative advertising, buydowns, volume rebates and discounts. These arrangements and an estimate of sales returns are reflected as reductions in net sales in the Company’s consolidated statements of operations.
Cost of sales	Cost of sales Cost of sales consist primarily of costs associated with the production and procurement of product, inbound freight costs, purchasing costs, royalties and other product procurement related charges.
Distribution expenses	Distribution expenses Distribution expenses consist primarily of warehousing expenses and freight-out expenses. Freight-out expenses were $11.3 million, $11.4 million and $9.0 million for the years ended December 31, 2015, 2014, and 2013, respectively. Handling costs of products sold are included in cost of sales.
Advertising expenses	Advertising expenses Advertising expenses are expensed as incurred and are included in selling, general and administrative expenses. Advertising expenses were $1.5 million, $1.6 million and $0.8 million for the years ended December 31, 2015, 2014, and 2013, respectively.
Accounts receivable	Accounts receivable The Company periodically reviews the collectability of its accounts receivable and establishes allowances for estimated losses that could result from the inability of its customers to make required payments. A considerable amount of judgment is required to assess the ultimate realization of these receivables including assessing the initial and on-going creditworthiness of the Company’s customers. The Company also maintains an allowance for anticipated customer deductions. The allowances for deductions are primarily based on contracts with customers. However, in certain cases the Company does not have a formal contract and, therefore, customer deductions are non-contractual. To evaluate the reasonableness of non-contractual customer deductions, the Company analyzes currently available information and historical trends of deductions.
Inventory	Inventory Inventory consists principally of finished goods sourced from third-party suppliers. Inventory also includes finished goods, work in process and raw materials related to the Company’s manufacture of sterling silver products. Inventory is priced using the lower of cost (first-in, first-out basis) or market method. The Company estimates the selling price of its inventory on a product by product basis based on the current selling environment. If the estimated selling price is lower than the inventory’s cost, the Company reduces the value of the inventory to its net realizable value.
Property and equipment	Property and equipment Property and equipment is stated at cost. Property and equipment, other than leasehold improvements, is depreciated using the straight-line method over the estimated useful lives of the assets. Building and improvements are being depreciated over 30 years and machinery, furniture and equipment over periods ranging from 3 to 10 years. Leasehold improvements are amortized over the term of the lease or the estimated useful lives of the improvements, whichever is shorter. Advances paid towards the acquisition of property and equipment and the cost of property and equipment not ready for use before the end of the period are classified as construction in progress.
Cash equivalents	Cash equivalents The Company considers all highly liquid instruments with a maturity of three months or less when purchased to be cash equivalents.
Concentration of credit risk	Concentration of credit risk The Company’s cash and cash equivalents are potentially subject to concentration of credit risk. The Company maintains cash with several financial institutions that, in some cases, is in excess of Federal Deposit Insurance Corporation insurance limits. Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company’s customer base. During the years ended December 31, 2015, 2014, and 2013, Wal-Mart Stores, Inc., including Sam’s Club and, in the United Kingdom, Asda Superstore, (“Walmart”), accounted for 16%, 16%, and 15% of net sales, respectively. Sales to Walmart are included in the Company’s U.S. Wholesale and International segments. No other customers accounted for 10% or more of the Company’s sales during these periods.
Fair value measurements	Fair value measurements Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 820, Fair Value Measurements and Disclosures
Fair Value of Financial Instruments	Fair value of financial instruments The Company determined the carrying amounts of cash and cash equivalents, accounts receivable and accounts payable are reasonable estimates of their fair values because of their short-term nature. The Company determined that the carrying amounts of borrowings outstanding under its Revolving Credit Facility and Term Loan approximate fair value since such borrowings bear interest at variable market rates.
Derivatives	Derivatives The Company accounts for derivative instruments in accordance with ASC Topic No. 815, Derivatives and Hedging
Goodwill, Intangible Assets and Long-lived Assets	Goodwill, intangible assets and long-lived assets Goodwill and intangible assets deemed to have indefinite lives are not amortized but, instead, are subject to an annual impairment assessment. Additionally, if events or conditions were to indicate the carrying value of a reporting unit may not be recoverable, the Company would evaluate goodwill and other intangible assets for impairment at that time. As it relates to the goodwill assessment, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment testing described in ASU Topic No. 350, Intangibles – Goodwill and Other Long-lived assets, including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that such amounts may have been impaired. Impairment indicators include, among other conditions, cash flow deficits, historic or anticipated declines in revenue or operating profit or material adverse changes in the business climate that indicate that the carrying amount of an asset may be impaired. When impairment indicators are present, the Company compares the carrying value of the asset to the estimated discounted future cash flows expected to be generated by the asset. If the asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.
Income Taxes	Income taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. The Company accounts for foreign income taxes based upon anticipated reinvestment of profits into respective foreign tax jurisdictions. The Company applies the authoritative guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the Company’s financial statements .
Share-based compensation	Share-based compensation The Company accounts for its share-based compensation arrangements in accordance with ASC Topic 718, “Stock Compensation”, which requires the measurement of compensation expense for all share-based compensation granted to employees and non-employee directors at fair value on the date of grant and recognition of compensation expense over the related service period for awards expected to vest. The Company uses the Black-Scholes option valuation model to estimate the fair value of its stock options. The Black-Scholes option valuation model requires the input of highly subjective assumptions including the expected stock price volatility of the Company’s common stock and the risk-free interest rate. Changes in these subjective input assumptions can materially affect the fair value estimate of the Company’s stock options on the date of the option grant. Performance share awards are initially valued at the Company’s closing stock price on the date of grant. Each performance award represents the right to receive up to 150% of the target number of shares of common stock. The number of shares of common stock earned will be determined based on the attainment of specified performance goals by the end of the performance period, as determined by the Compensation Committee. Compensation expense for performance awards is recognized over the vesting period, and will vary based on remeasurement during the performance period. If the performance metrics are not probable of achievement during the performance period, compensation expense is reversed. The awards are forfeited if the performance metrics are not achieved as of the end of the performance period. The performance share awards vest in full at the end of a three year period. The Company bases the estimated fair value of restricted stock awards on the date of grant. The estimated fair value is determined based on the closing price of the Company’s common stock on the date of grant multiplied by the number of shares awarded. Compensation expense is recognized on a straight-line basis over the vesting period, reduced by an estimated forfeiture rate.
Employee Healthcare	Employee Healthcare The Company self-insures certain portions of its health insurance plan. The Company maintains an accrual for estimated unpaid claims and claims incurred but not yet reported (“IBNR”). Although management believes that it uses the best information available to estimate IBNR claims, actual claims may vary significantly from estimated claims.
Restructuring Expenses	Restructuring Expenses Costs associated with restructuring activities are recorded at fair value when a liability has been incurred. A liability has been incurred at the point of closure for any remaining operating lease obligations and at the communication date for severance. In December 2015, the Company commenced a plan to reorganize its product categories and U.S. Wholesale organizational structure. The Company recorded $437,000 of restructuring expenses during the year ended December 31, 2015 related to the execution of this plan. The Company expects to recognize an additional $0.5 million, primarily for severance, in the first quarter of 2016 related to the execution of this plan. In May 2014, the Company commenced a plan to consolidate its customer service and call center functions and eliminated certain employee positions in connection with this consolidation. The Company recorded $125,000 of restructuring expenses during the year ended December 31, 2014 related to the execution of this plan. The Company does not anticipate that it will incur any further restructuring expenses related to this plan. In April 2013, the Company commenced a plan to close the Fred ®
New Accounting Pronouncements	New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases, In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes, In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-16, Simplifying the Accounting for Measurement-Period Adjustments In July, 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory In April 2015, the FASB issued ASU 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In April 2015, FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Purchase Price of Acquisition	The purchase price has been determined to be as follows (in thousands): Cash $ 61,302 Share consideration issued (1) 8,382 Value of contingent consideration (2) 2,488 Working capital adjustment (3) 374 Total purchase price $ 72,546 (1) Share consideration issued is valued at the closing market price discounted to account for lack of marketability related to the lock up period as described in the share purchase agreement. (2) The value of contingent consideration represents the present value of the estimated payments related to the attainment of certain financial targets for the years 2014 through 2016. The maximum undiscounted contingent consideration to be paid on the agreement is £5.5 million ($9.0 million). (3) A working capital adjustment was made in May 2014 as provided for in the share purchase agreement. The purchase price was allocated based on the Company’s estimate of the fair value of the assets acquired and liabilities assumed, as follows (in thousands): Purchase Price Accounts Receivable (1) $ 14,267 Inventory 17,912 Other assets 4,054 Other liabilities (10,242 ) Deferred income tax (8,391 ) Goodwill and other intangibles 54,946 Total allocated value $ 72,546 (1) The fair value of accounts receivable approximated the gross contractual amounts receivable.
Unaudited Pro Forma Include the Historical Statement of Operation	The following table presents the Company’s pro forma consolidated net sales and income before income taxes and equity in earnings for the years ended December 31, 2014 and 2013. The unaudited pro forma results include the historical statements of operations information of the Company and of Kitchen Craft, giving effect to the Kitchen Craft acquisition and related financing as if they had occurred at the beginning of the period presented. The Company consummated certain other acquisitions during the year ended December 31, 2014; however the Company has not included the results prior to their acquisition in these pro forma results as the impact would not have been material. Unaudited pro forma results Year ended December 31, 2014 December 31, 2013 (In thousands, except per share data) Net sales $ 586,010 $ 567,218 Income before income taxes and equity in earnings 15,760 26,491 Net income 2,702 12,031 Basic earnings per common share 0.20 0.90 Diluted earnings per common share $ 0.19 $ 0.88

EQUITY INVESTMENTS (Tables)

EQUITY INVESTMENTS (Tables) - Grupo Vasconia S.A.B.	12 Months Ended
	Dec. 31, 2015
Summarized Income Statement Information for Vasconia in USD and MXN	Summarized income statement information for the years ended December 31, 2015, 2014, and 2013, as well as summarized balance sheet information as of December 31, 2015 and 2014, for Vasconia in USD and MXN is as follows: Year Ended December 31, 2015 2014 2013 (in thousands) Income Statement USD MXN USD MXN USD MXN Net Sales $ 178,832 $ 2,824,399 $ 188,863 $ 2,514,294 $ 159,574 $ 2,038,200 Gross Profit 33,982 534,285 35,592 474,482 28,775 367,944 Income from operations 10,551 165,507 7,790 103,658 5,438 70,430 Net Income 7,353 117,194 5,328 71,732 4,315 55,077
Summarized Balance Sheet Information for Vasconia in USD and MXN	December 31, 2015 2014 (in thousands) Balance Sheet USD MXN USD MXN Current assets $ 100,482 $ 1,745,922 $ 110,865 $ 1,634,154 Non-current assets 87,118 1,513,724 86,888 1,280,723 Current liabilities 38,983 677,355 37,032 545,852 Non-current liabilities 56,339 978,910 58,753 866,022

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
Components of Intangible Assets Included in Wholesale Segment	The Company’s intangible assets, all of which are included in the U.S. Wholesale and International segments, consist of the following (in thousands): Year Ended December 31, 2015 2014 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Goodwill $ 18,101 $ — $ 18,101 $ 18,101 $ — $ 18,101 Indefinite-lived intangible assets: Trade names 7,616 — 7,616 7,616 — 7,616 Finite-lived intangible assets: Licenses 15,847 (8,462 ) 7,385 15,847 (8,007 ) 7,840 Trade names 29,724 (6,818 ) 22,906 29,768 (4,568 ) 25,200 Customer relationships 50,823 (10,806 ) 40,017 50,823 (6,754 ) 44,069 Other 1,202 (634 ) 568 1,202 (431 ) 771 Total $ 123,313 $ (26,720 ) $ 96,593 $ 123,357 $ (19,760 ) $ 103,597
Summary of Activities Relating to Intangible Assets	A summary of the activities related to the Company’s intangible assets for the years ended December 31, 2015, 2014 and 2013 consists of the following (in thousands): Intangible Goodwill Total Intangible Goodwill and Intangible Assets, December 31, 2012 $ 52,757 $ 5,085 $ 57,842 Amortization (2,693 ) — (2,693 ) Goodwill and Intangible Assets, December 31, 2013 50,064 5,085 55,149 Acquisition of trade names 12,348 — 12,348 Acquisition of customer relationships 32,417 — 32,417 Acquisition of other intangible assets 618 — 618 Goodwill from Kitchen Craft acquisition — 13,016 13,016 Impairment of trade names (3,384 ) — (3,384 ) Amortization (6,567 ) — (6,567 ) Goodwill and Intangible Assets, December 31, 2014 85,496 18,101 103,597 Amortization (7,004 ) — (7,004 ) Goodwill and Intangible Assets, December 31, 2015 $ 78,492 $ 18,101 $ 96,593
Weighted Average Amortization Periods for Finite Lived Intangible Assets	The weighted-average amortization periods for the Company’s finite-lived intangible assets as of December 31, 2015 are as follows: Years Trade names 14 Licenses 33 Customer relationships 13 Other 11
Estimated Amortization Expense	Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands): Year ending December 31, 2016 $ 6,993 2017 6,705 2018 6,705 2019 6,705 2020 6,690

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Values of Derivative Financial Instruments Included in Consolidated Balance Sheets	The fair values of the Company’s derivative financial instruments included in the consolidated balance sheets are presented as follows (in thousands): Liabilities December 31, Derivatives designated as hedging instruments Balance Sheet Location 2015 2014 Interest rate swaps Acrrued Expenses $ 10 $ 6 Deferred rent & other long-term liability 25 26 Assets December 31, Derivatives not designated as hedging instruments Balance Sheet Location 2015 2014 Foreign exchange contracts Prepaid expenses and other current assets $ 261 $ —
Gains and Losses Related to Derivative Financial Instruments Designated as Hedging Instruments and Not Designated as Hedging Instruments	The amounts of the gains and losses related to the Company’s derivative financial instruments designated as hedging instruments are presented as follows (in thousands): Amount of Gain or (Loss) Recognized in OCI on Derivatives Year ended December 31, Derivatives designated as hedging instruments 2015 2014 2015 Interest rate swaps $ (2 ) $ 13 $ 241 Derivatives not designated as hedging instruments Location of Gain or (Loss) Amount of Gain or (Loss) Year Ended December 31, 2015 2014 2013 Foreign exchange contracts Selling, general and administrative expense $ 272 $ 694 $ —

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	12 Months Ended
	Dec. 31, 2015
Cash Dividends Declared	Dividends were declared in 2015 and 2014 as follows: Dividend per share Date declared Date of record Payment date $0.0375 October 31, 2013 January 31, 2014 February 14, 2014 $0.0375 March 11, 2014 May 1, 2014 May 15, 2014 $0.0375 June 19, 2014 August 1, 2014 August 15, 2014 $0.0375 July 29, 2014 October 31, 2014 November 14, 2014 $0.0375 November 5, 2014 January 30, 2015 February 13, 2015 $0.0375 March 4, 2015 May 1, 2015 May 15, 2015 $0.0375 June 10, 2015 July 31, 2015 August 14, 2015 $0.0425 August 4, 2015 October 30, 2015 November 13, 2015 $0.0425 November 3, 2015 February 1, 2016 February 15, 2016
Summary of Stock Option Activity and Related Information	A summary of the Company’s stock option activity and related information for the three years ended December 31, 2015, is as follows: Options Weighted- Weighted- Aggregate Options outstanding at December 31, 2012 2,528,177 13.06 Grants 390,800 12.26 Exercises (247,827 ) 4.91 Cancellations (68,000 ) 16.89 Expirations (231,500 ) 22.46 Options outstanding at December 31, 2013 2,371,650 12.75 Grants 394,400 18.83 Exercises (365,223 ) 8.63 Cancellations (32,200 ) 12.23 Expirations (42,000 ) 26.61 Options outstanding at December 31, 2014 2,326,627 14.19 Grants 89,600 13.99 Exercises (110,375 ) 8.84 Cancellations (37,750 ) 15.57 Expirations (25,900 ) 26.60 Options outstanding at December 31, 2015 2,242,202 14.28 5.1 3,715,000 Options exercisable at December 31, 2015 1,725,944 $ 13.85 4.3 $ 3,551,000
Fair Value Stock Options at Grant Date using Weighted Average Assumption	The fair values for these stock options were estimated at the dates of grant using the following weighted-average assumptions: 2015 2014 2013 Historical volatility 39 % 58 % 61 % Expected term (years) 5.2 6.0 5.6 Risk-free interest rate 1.67 % 1.95 % 0.88 % Expected dividend yield 1.18 % 0.77 % 0.97 %
Summary of Restricted Stock Activity	A summary of the Company’s restricted stock activity and related information for the three years ended December 31, 2015 is as follows: Restricted Weighted- Nonvested restricted shares, December 31, 2012 23,394 $ 11.54 Grants 22,459 13.26 Vested (23,394 ) 11.54 Nonvested restricted shares, December 31, 2013 22,459 13.26 Grants 26,511 15.86 Vested (22,459 ) 13.26 Nonvested restricted shares, December 31, 2014 26,511 15.86 Grants 100,073 14.78 Vested (24,649 ) 15.97 Cancellations (500 ) 14.84 Nonvested restricted shares, December 31, 2015 101,435 $ 14.77 Total unrecognized compensation expense remaining $ 1,089,700 Weighted-average years expected to be recognized over 2.6
Summary of Performance-based Award Activity	A summary of the Company’s performance-based award activity and related information for the year ended December 31, 2015 is as follows: Performance- awards Weighted- Nonvested performance-based awards, January 1, 2015 — $ — Grants (at target) 66,650 14.84 Cancellations (500 ) 14.84 Nonvested performance-based awards, December 31, 2015 66,150 $ 14.84 Total unrecognized compensation expense remaining $ 740,560 Weighted-average years expected to be recognized over 2.0

INCOME PER COMMON SHARE (Tables

INCOME PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2015
Calculations of Basic and Diluted Income per Common Share	The calculations of basic and diluted income per common share for the years ended December 31, 2015, 2014, and 2013 are as follows: 2015 2014 2013 (in thousands - except per share amounts) Net income – Basic and Diluted $ 12,278 $ 1,544 $ 9,281 Weighted-average shares outstanding – Basic 13,850 13,519 12,757 Effect of dilutive securities: Stock options and restricted stock 416 455 286 Weighted-average shares outstanding – Diluted 14,266 13,974 13,043 Basic income per common share $ 0.89 $ 0.11 $ 0.73 Diluted income per common share $ 0.86 $ 0.11 $ 0.71

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Components of Income before Income Taxes	The components of income before income taxes, equity in earnings and extraordinary item are as follows: Year Ended December 31, 2015 2014 2013 (in thousands) Domestic $ 22,096 $ 10,251 $ 26,470 Foreign (3,765 ) 3,611 (3,233 ) Total income before income taxes and equity in earnings $ 18,331 $ 13,862 $ 23,237
Provision for Income Taxes	The provision for income taxes (before equity in earnings) consists of: Year Ended December 31, 2015 2014 2013 (in thousands) Current: Federal $ 5,584 $ 4,709 $ 8,996 State and local 1,879 1,284 1,707 Foreign 604 1,691 747 Deferred (1,440 ) (1,859 ) (2,275 ) Income tax provision $ 6,627 $ 5,825 $ 9,175
Significant Components of Deferred Income Tax Assets	Significant components of the Company’s deferred income tax assets are as follows: December 31, 2015 2014 (in thousands) Deferred income tax assets: Deferred rent expense $ 4,028 $ 3,686 Stock options 4,179 3,348 Inventory 1,298 1,312 Operating loss carry-forward 2,213 2,073 Accounts receivable allowances 217 406 Accrued compensation 867 897 Other 2,820 2,911 Total deferred income tax assets $ 15,622 $ 14,633
Significant Components of Net Deferred Income Tax (Liability) Asset	Significant components of the Company’s net deferred income tax (liability) asset are as follows: December 31, 2015 2014 (in thousands) Deferred income tax liabilities: Depreciation and amortization $ (3,121 ) $ (3,461 ) Intangibles (12,380 ) (12,549 ) Equity in earnings (154 ) (504 ) Total deferred income tax liabilities (15,655 ) (16,514 ) Net deferred income tax asset (liability) (33 ) (1,881 ) Valuation allowance (2,077 ) (1,897 ) Net deferred income tax (liability) asset $ (2,110 ) $ (3,778 )
Difference between Provision for Income Taxes and Amount Computed by Applying Federal Statutory Rates	The provision for income taxes (before equity in earnings) differs from the amounts computed by applying the applicable federal statutory rates as follows: Year Ended December 31, 2015 2014 2013 Provision for federal income taxes at the statutory rate 35.0 % 35.0 % 35.0 % Increases (decreases): State and local income taxes, net of Federal income tax benefit 5.3 4.9 5.5 Foreign rate differences (8.6 ) (2.7 ) (1.1 ) Non-deductible expenses 5.5 6.4 2.8 Other (1.0 ) (1.6 ) (2.7 ) Provision for income taxes 36.2 % 42.0 % 39.5 %
Estimated Values of Gross Uncertain Tax Positions	The estimated values of the Company’s gross uncertain tax positions at December 31, 2015, 2014 and 2013 are liabilities of $157,000, $572,000 and $351,000, respectively, and consist of the following: Year Ended December 31, 2015 2014 2013 (in thousands) Balance at January 1 $ (572 ) $ (351 ) $ (301 ) Additions based on tax positions related to the current year (15 ) — (31 ) Additions for tax positions of prior years — (221 ) (164 ) Settlements 430 — 145 Balance at December 31 $ (157 ) $ (572 ) $ (351 )

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting Information	The Company has segmented its operations to reflect the manner in which management reviews and evaluates the results of its operations. While the three segments distribute similar products, the segments have been distinct due to the different methods the Company uses to sell, market and distribute the products. Management evaluates the performance of the U.S. Wholesale, International and Retail Direct segments based on net sales and income (loss) from operations. Such measures give recognition to specifically identifiable operating costs such as cost of sales, distribution expenses and selling, general and administrative expenses. Certain general and administrative expenses, such as senior executive salaries and benefits, stock compensation, director fees and accounting, legal and consulting fees, are not allocated to the specific segments and are reflected as unallocated corporate expenses. Year Ended December 31, 2015 2014 2013 (in thousands) Net sales: U.S. Wholesale $ 458,593 $ 441,293 $ 444,187 International 108,000 125,230 38,907 Retail Direct 21,077 19,487 20,680 Non-operating adjustment (1) — — (1,053 ) Total net sales $ 587,670 $ 586,010 $ 502,721 Income from operations: U.S. Wholesale (2) $ 41,343 $ 34,874 $ 46,303 International (3) (1,600 ) 3,759 (2,151 ) Retail Direct (596 ) (1,034 ) (62 ) Non-operating adjustment (1) — — (1,053 ) Unallocated corporate expenses (14,916 ) (16,215 ) (14,851 ) Total income from operations $ 24,231 $ 21,384 $ 28,186 Depreciation and amortization: U.S. Wholesale $ 8,784 $ 8,618 $ 8,549 International 5,272 5,379 1,601 Retail Direct 147 203 265 Total depreciation and amortization $ 14,203 $ 14,200 $ 10,415 Note: (1) In 2013, the Company recorded a non-operating adjustment to reduce accounts receivable for previously issued credits within the Retail Direct business which related to 2010 and earlier periods. (2) In 2014, income from operations for the U.S. Wholesale segment included a $3.4 million of intangible asset impairment charge and $4.2 million related to the reduction in certain contingent consideration accruals. (3) In 2015, income from operations for the International segment includes a $1.0 million net charge related to the change in certain contingent consideration accruals. Year Ended December 31, 2015 2014 2013 (in thousands) Assets: U.S. Wholesale $ 269,764 $ 287,744 $ 291,757 International 115,128 128,055 35,365 Retail Direct 443 535 730 Unallocated/ corporate/ other 13,617 5,068 8,887 Total assets $ 398,952 $ 421,402 $ 336,739 Capital expenditures: U.S. Wholesale $ 4,087 $ 5,431 $ 3,375 International 1,004 650 272 Retail Direct 75 90 195 Total capital expenditures $ 5,166 $ 6,171 $ 3,842 Year Ended December 31, 2015 2014 2013 (in thousands) Goodwill: U.S. Wholesale Beginning balance $ 2,412 $ 2,412 $ 2,412 Acquisition activity — — — Ending balance 2,412 2,412 2,412 International Beginning balance 15,689 2,673 2,673 Acquisition activity — 13,016 — Ending balance 15,689 15,689 2,673 Total goodwill (1) $ 18,101 $ 18,101 $ 5,085 Note: (1) No goodwill is allocated to the Company’s Retail Direct reportable segment.
Net Sales and Long-Lived Assets by Major Geographic Locations	The following table sets forth net sales and long-lived assets by the major geographic locations: Year ended December 31, 2015 2014 2013 (in thousands) Net sales: United States $ 462,234 $ 436,049 $ 439,129 United Kingdom 81,347 93,432 29,012 Rest of World 44,089 56,529 34,580 Total $ 587,670 $ 586,010 $ 502,721 December 31, 2015 2014 (in thousands) Long-lived assets, excluding intangible assets, at period-end: United States $ 49,990 $ 54,594 United Kingdom 1,550 3,927 Rest of World 953 1,167 Total $ 52,493 $ 59,688
Net Sales by Major Product Categories	The following table sets forth net sales by major product categories included within the Company’s U.S. Wholesale operating segment: Year Ended December 31, 2015 2014 2013 (in thousands) Category: Kitchenware $ 271,045 $ 269,265 $ 281,211 Tableware 124,353 117,546 110,108 Home Solutions 63,195 54,482 52,868 Total $ 458,593 $ 441,293 $ 444,187 The following table sets forth net sales by major product categories included within the Company’s International operating segment: Year Ended December 31, 2015 2014 2013 (in thousands) Category: Kitchenware $ 61,291 $ 67,604 $ — Tableware 46,709 57,626 38,907 Total $ 108,000 $ 125,230 $ 38,907

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Future Minimum Payments Under Non Cancelable Operating Leases	Future minimum payments under non-cancelable operating leases are as follows (in thousands): Year Ending December 31, 2016 $ 17,058 2017 17,294 2018 13,476 2019 11,280 2020 10,132 Thereafter 71,035 Total $ 140,275
Future Minimum Royalties Payable	Future minimum royalties payable under these agreements are as follows (in thousands): Year ending December 31, 2016 $ 6,986 2017 6,823 2018 6,733 2019 1,140 2020 406 Thereafter 604 Total $ 22,692

RETIREMENT PLANS (Tables)

RETIREMENT PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
Future Benefit Payments	Expected benefit payments for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter are as follows (in thousands): Year ending December 31, 2016 $ 144 2017 294 2018 396 2019 386 2020 375 2021 through 2024 2,003
Changes in Projected Benefit Obligation	The following table summarizes the changes in the projected benefit obligations and plan assets for the years ended December 31, 2015 and 2014: Year Ended December 31, 2015 2014 (in thousands) Change in projected benefit obligations Projected benefit obligations, beginning of year/ acquisition $ 13,796 $ 11,678 Interest cost — 364 Actuarial (gain) loss (2,492 ) 2,887 Benefits paid (58 ) (216 ) Annuity purchase (11,008 ) — Currency adjustment (238 ) (917 ) Projected benefit obligations, end of year $ — $ 13,796 Change in plan assets Fair value of plan assets, beginning of year/ acquisition $ 15,533 $ 11,678 Actual return on plan assets (1,903 ) 2,618 Employer (refund) contributions (2,295 ) 2,471 Benefits paid (58 ) (216 ) Annuity purchase (11,008 ) — Currency adjustment (269 ) (1,018 ) Fair value of plan assets, end of year $ — $ 15,533 Net Plan funding, end of year $ — $ 1,738
Components of Net Periodic Pension Cost	The following table summarizes the components of net period pension costs: Year Ended December 31, 2015 2014 (in thousands) Components of net periodic pension cost Expected return on plan assets $ — $ (390 ) Interest cost on projected benefit obligations — 364 Net periodic pension cost $ — $ (26 )

OTHER (Tables)

OTHER (Tables)	12 Months Ended
	Dec. 31, 2015
Components of Inventory	The components of inventory are as follows: December 31, 2015 2014 (in thousands) Finished goods $ 133,618 $ 134,564 Work in process 1,754 1,887 Raw materials 1,518 1,473 Total $ 136,890 $ 137,924
Property and Equipment	Property and equipment consist of: December 31, 2015 2014 (in thousands) Machinery, furniture and equipment $ 88,914 $ 85,556 Leasehold improvements 28,989 28,056 Building and improvements 1,604 1,604 Construction in progress 1,543 1,108 Land 100 100 121,150 116,424 Less: accumulated depreciation and amortization (96,273 ) (89,623 ) Total $ 24,877 $ 26,801
Accrued Expenses	Accrued expenses consist of: December 31, 2015 2014 (in thousands) Customer allowances and rebates $ 10,474 $ 12,314 Compensation and benefits 10,762 9,412 Interest 241 224 Vendor invoices 4,424 3,071 Royalties 2,330 2,266 Commissions 989 1,222 Freight 1,360 1,519 Professional fees 860 1,527 VAT 1,312 1,400 Contingent consideration related to acquisitions 3,193 — Other 4,209 4,006 Total $ 40,154 $ 36,961
Deferred Rent Other Long Term Liabilities	Deferred rent & other long-term liabilities consist of: December 31, 2015 2014 (in thousands) Deferred rent liability $ 10,450 $ 9,530 Retirement benefit obligations 6,349 6,776 Contingent consideration related to acquisitions 892 3,286 Compensation 719 542 Capital lease obligations 121 — Derivative liability 25 26 Total $ 18,556 $ 20,160
Supplemental Cash Flow Information	Supplemental cash flow information Year Ended December 31, 2015 2014 2013 (in thousands) Supplemental disclosure of cash flow information: Cash paid for interest $ 4,909 $ 5,035 $ 4,115 Cash paid for taxes 8,963 4,912 10,862 Non-cash investing activities: Translation adjustment $ (5,281 ) $ (4,736 ) $ (140 )
Components of Accumulated Other Comprehensive Loss, Net	Components of accumulated other comprehensive loss, net Year Ended December 31, 2015 2014 2013 (in thousands) Accumulated translation adjustment: Balance at beginning of year $ (7,680 ) $ (2,944 ) $ (2,804 ) Translation adjustment during period (5,281 ) (4,736 ) (140 ) Balance at end of year $ (12,961 ) $ (7,680 ) $ (2,944 ) Accumulated effect of retirement benefit obligations: Balance at beginning of year $ (2,224 ) $ (745 ) $ (1,160 ) Net gain (loss) arising from retirement benefit obligations, net of tax 941 (1,507 ) 361 Amounts reclassified from accumulated other comprehensive loss: Amortization of loss, net of tax (1) 79 28 54 Balance at end of year $ (1,204 ) $ (2,224 ) $ (745 ) Accumulated deferred gains (losses) on cash flow hedges: Balance at beginning of year $ (18 ) $ (31 ) $ (272 ) Derivative fair value adjustment, net of tax (2 ) 13 241 Balance at end of year (2) $ (20 ) $ (18 ) $ (31 ) Notes: (1) Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations. (2) No amounts were reclassified out of accumulated other comprehensive loss. Amounts reclassified would be recorded in interest expense on the consolidated statements of operations.

Significant Accounting Polici36

Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Significant Accounting Policies [Line Items]
Foreign currency gain/loss	$ (714,000)	$ (1,400,000)	$ (258,000)
Shipping and handling revenue	1,600,000	1,400,000	1,400,000
Freight-out expenses	11,300,000	11,400,000	9,000,000
Advertising expenses	1,500,000	1,600,000	800,000
Restructuring expenses	437,000	$ 125,000	$ 367,000
Expected future charges of restructuring expenses	$ 500,000
Performance Shares
Schedule Of Significant Accounting Policies [Line Items]
Vesting period	3 years
Number of shares range percentage	150.00%
Wal Mart Stores Inc | Net sales | Credit Concentration Risk
Schedule Of Significant Accounting Policies [Line Items]
Percentage of net sales	16.00%	16.00%	15.00%
Building and Improvement | Minimum
Schedule Of Significant Accounting Policies [Line Items]
Property and equipment depreciated over estimated useful lives	30 years
Machinery, Furniture and Equipment | Minimum
Schedule Of Significant Accounting Policies [Line Items]
Property and equipment depreciated over estimated useful lives	3 years
Machinery, Furniture and Equipment | Maximum
Schedule Of Significant Accounting Policies [Line Items]
Property and equipment depreciated over estimated useful lives	10 years

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Thousands, £ in Millions		Jan. 15, 2014USD ($)shares	Jan. 15, 2014GBP (£)shares	Dec. 31, 2015USD ($)	Dec. 31, 2015GBP (£)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015GBP (£)	Jan. 15, 2014GBP (£)
Business Acquisition [Line Items]
Business acquisition cash paid		$ 61,302
Business acquisition, common stock value	[1]	$ 8,382
Charge recoded in selling, general and administrative expenses				$ 650		$ (4,203)
Thomas Plant
Business Acquisition [Line Items]
Percentage of equity interests acquired		100.00%							100.00%
Business acquisition cash paid		$ 61,300	£ 37.4
Business acquisition, issuance of common stock shares | shares		581,432	581,432
Business acquisition, common stock value		$ 9,000	£ 5.5
Business acquisition, contingent cash consideration payable		$ 9,000							£ 5.5
Net Sales						67,600
Income from operations						4,100
Amortization of intangible assets							$ 3,400
Elimination of acquisition costs						1,000	600
Interest Expense and Debt Issuance Cost							2,000
Adjustment to compensation expense							$ 2,200
Thomas Plant | Amended Agreement
Business Acquisition [Line Items]
Fair value of contingent consideration				4,000				£ 2.7
Charge recoded in selling, general and administrative expenses				$ 1,500	£ 1
Thomas Plant | Cost of Sales
Business Acquisition [Line Items]
Business combination increase in fair value of inventory						$ 900
[1]	Share consideration issued is valued at the closing market price discounted to account for lack of marketability related to the lock up period as described in the share purchase agreement.

Purchase Price of Acquisition (

Purchase Price of Acquisition (Detail) $ in Thousands	Jan. 15, 2014USD ($)
Business Acquisition [Line Items]
Cash	$ 61,302
Share consideration issued	8,382	[1]
Value of contingent consideration	2,488	[2]
Working capital adjustment	374	[3]
Total purchase price	$ 72,546
[1]	Share consideration issued is valued at the closing market price discounted to account for lack of marketability related to the lock up period as described in the share purchase agreement.
[2]	The value of contingent consideration represents the present value of the estimated payments related to the attainment of certain financial targets for the years 2014 through 2016. The maximum undiscounted contingent consideration to be paid on the agreement is £5.5 million ($9.0 million).
[3]	A working capital adjustment was made in May 2014 as provided for in the share purchase agreement.

Purchase Price of Acquisition39

Purchase Price of Acquisition (Parenthetical) (Detail) - Jan. 15, 2014 £ in Millions, $ in Millions	USD ($)	GBP (£)
Thomas Plant
Business Acquisition [Line Items]
Undiscounted deferred and contingent consideration, higher range	$ 9	£ 5.5

Summary of Purchase Price Alloc

Summary of Purchase Price Allocated Based on Estimated Fair Value of Assets and Liabilities (Detail) - Thomas Plant $ in Thousands	Jan. 15, 2014USD ($)
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Accounts receivable	$ 14,267	[1]
Inventory	17,912
Other assets	4,054
Other liabilities	(10,242)
Deferred income tax	(8,391)
Goodwill and other intangibles	54,946
Total allocated value	$ 72,546
[1]	The fair value of accounts receivable approximated the gross contractual amounts receivable.

Unaudited Pro Forma Include the

Unaudited Pro Forma Include the Historical Statement of Operation (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition, Pro Forma Information [Line Items]
Net sales	$ 586,010	$ 567,218
Income before income taxes and equity in earnings	15,760	26,491
Net income	$ 2,702	$ 12,031
Basic earnings per common share	$ 0.20	$ 0.90
Diluted earnings per common share	$ 0.19	$ 0.88

Equity Investments - Additional

Equity Investments - Additional Information (Detail) BRL in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2014BRL	Sep. 30, 2014USD ($)	Dec. 31, 2015USD ($)MXN / $	Dec. 31, 2014USD ($)MXN / $	Dec. 31, 2013USD ($)MXN / $	Dec. 31, 2014BRLMXN / $	Feb. 29, 2012USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in earnings (losses), net of taxes			$ 574,000	$ (6,493,000)	$ (4,781,000)
Grupo Vasconia S.A.B.
Schedule of Equity Method Investments [Line Items]
Percentage of ownership in equity method investment			30.00%
Exchange rate at period end - MXN to USD | MXN / $			17.38	14.74		14.74
Increase (decrease) in equity method investment			$ (4,900,000)	$ (4,000,000)	(300,000)
Cash dividend received			226,000	230,000	571,000
Equity in earnings (losses), net of taxes			600,000	200,000	(4,000,000)
Equity in earnings, deferred taxes			1,300,000	1,100,000
Fair value of investment			35,900,000
Carrying value of investment			24,700,000
Grupo Vasconia S.A.B. | Accrued Liabilities
Schedule of Equity Method Investments [Line Items]
Due to related party			28,000		$ 152,000
Grupo Vasconia S.A.B. | Prepaid expenses and other current assets
Schedule of Equity Method Investments [Line Items]
Due from related party			$ 55,000	$ 33,000
Grupo Vasconia S.A.B. | Transaction 02 | Minimum
Schedule of Equity Method Investments [Line Items]
Average daily exchange rate for period - MXN to USD | MXN / $			14.94	12.99	12.46
Grupo Vasconia S.A.B. | Transaction 02 | Maximum
Schedule of Equity Method Investments [Line Items]
Average daily exchange rate for period - MXN to USD | MXN / $			16.76	13.87	13.01
GS Internacional S/A
Schedule of Equity Method Investments [Line Items]
Percentage of ownership in equity method investment			40.00%
Carrying value of investment			$ 0	$ 0
Payment for equity method investment				764,000		BRL 2
Impairment on equity method investment, net of tax	BRL 6	$ 6,000,000
Grand Venture
Schedule of Equity Method Investments [Line Items]
Percentage of ownership in equity method investment							50.00%
Equity in earnings (losses), net of taxes			(20,000)	(39,000)	$ (83,000)
Carrying value of investment			$ 246,000	$ 251,000
Payment for equity method investment							$ 500,000

Summarized Statement of Income

Summarized Statement of Income Information for Vasconia in USD and MXN (Detail) - Grupo Vasconia S.A.B. MXN in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015MXN	Dec. 31, 2014USD ($)	Dec. 31, 2014MXN	Dec. 31, 2013USD ($)	Dec. 31, 2013MXN
Schedule of Equity Method Investments [Line Items]
Net Sales	$ 178,832	MXN 2,824,399	$ 188,863	MXN 2,514,294	$ 159,574	MXN 2,038,200
Gross Profit	33,982	534,285	35,592	474,482	28,775	367,944
Income from operations	10,551	165,507	7,790	103,658	5,438	70,430
Net Income	$ 7,353	MXN 117,194	$ 5,328	MXN 71,732	$ 4,315	MXN 55,077

Summarized Balance Sheet Inform

Summarized Balance Sheet Information for Vasconia in USD and MXN (Detail) - Grupo Vasconia S.A.B. MXN in Thousands, $ in Thousands	Dec. 31, 2015USD ($)	Dec. 31, 2015MXN	Dec. 31, 2014USD ($)	Dec. 31, 2014MXN
Schedule of Equity Method Investments [Line Items]
Current assets	$ 100,482	MXN 1,745,922	$ 110,865	MXN 1,634,154
Non-current assets	87,118	1,513,724	86,888	1,280,723
Current liabilities	38,983	677,355	37,032	545,852
Non-current liabilities	$ 56,339	MXN 978,910	$ 58,753	MXN 866,022

Components of Intangible Assets

Components of Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Schedule of Intangible Assets Disclosure [Line Items]
Goodwill, Gross	$ 18,101		$ 18,101
Goodwill, Accumulated Amortization	0		0
Goodwill, Net	18,101	[1]	18,101	[1]	$ 5,085	[1]	$ 5,085
Indefinite-Lived Trade Names, Gross	7,616		7,616
Indefinite-Lived Trade Names, Accumulated Amortization	0		0
Indefinite-Lived Trade Names, Net	7,616		7,616
Intangible Assets, Gross (Including Goodwill)	123,313		123,357
Finite-Lived Intangible Assets, Accumulated Amortization	(26,720)		(19,760)
Intangible Assets, Net (Including Goodwill)	96,593		103,597		$ 55,149		$ 57,842
License
Schedule of Intangible Assets Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross	15,847		15,847
Finite-Lived Intangible Assets, Accumulated Amortization	(8,462)		(8,007)
Finite-Lived Intangible Assets, Net	7,385		7,840
Trade Names
Schedule of Intangible Assets Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross	29,724		29,768
Finite-Lived Intangible Assets, Accumulated Amortization	(6,818)		(4,568)
Finite-Lived Intangible Assets, Net	22,906		25,200
Customer Relationships
Schedule of Intangible Assets Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross	50,823		50,823
Finite-Lived Intangible Assets, Accumulated Amortization	(10,806)		(6,754)
Finite-Lived Intangible Assets, Net	40,017		44,069
Other
Schedule of Intangible Assets Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross	1,202		1,202
Finite-Lived Intangible Assets, Accumulated Amortization	(634)		(431)
Finite-Lived Intangible Assets, Net	$ 568		$ 771
[1]	No goodwill is allocated to the Company's Retail Direct reportable segment.

Goodwill And Intangible Asset46

Goodwill And Intangible Assets - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013		Oct. 01, 2014	Dec. 31, 2012
Schedule of Intangible Assets Disclosure [Line Items]
Intangible asset impairment			$ 3,384,000
Goodwill impairment charges	$ 0
Goodwill, Net	$ 18,101,000	[1]	18,101,000	[1]	$ 5,085,000	[1]		$ 5,085,000
Goodwill, percentage of fair value over carrying value	5.00%
Amortization expenses	$ 7,004,000		$ 6,567,000		$ 2,693,000
Thomas Plant
Schedule of Intangible Assets Disclosure [Line Items]
Goodwill, Net	$ 13,000,000
Fair Value, Inputs, Level 3 | Trade Names | Minimum
Schedule of Intangible Assets Disclosure [Line Items]
Indefinite-lived intangible assets impairment, discount rate							14.00%
Indefinite-lived intangible assets impairment, growth rate							2.50%
Fair Value, Inputs, Level 3 | Trade Names | Maximum
Schedule of Intangible Assets Disclosure [Line Items]
Indefinite-lived intangible assets impairment, discount rate							15.50%
Indefinite-lived intangible assets impairment, growth rate							3.00%
[1]	No goodwill is allocated to the Company's Retail Direct reportable segment.

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Intangible Assets
Intangible Assets, Beginning Balance	$ 85,496		$ 50,064		$ 52,757
Impairment of trade names			(3,384)
Amortization	(7,004)		(6,567)		(2,693)
Intangible Assets, Ending Balance	78,492		85,496		50,064
Goodwill, Beginning balance	18,101	[1]	5,085	[1]	5,085
Goodwill from acquisition			0		0
Goodwill and Intangible Assets
Goodwill and intangible assets, Beginning Balance	103,597		55,149		57,842
Goodwill from acquisition			0		0
Impairment of trade names			(3,384)
Amortization	(7,004)		(6,567)		(2,693)
Goodwill and Intangible Assets, Ending Balance	$ 96,593		103,597		$ 55,149
Trade Names
Intangible Assets
Acquisition of Intangible Assets			12,348
Goodwill and Intangible Assets
Acquisition of Intangible Assets			12,348
Customer Relationships
Intangible Assets
Acquisition of Intangible Assets			32,417
Goodwill and Intangible Assets
Acquisition of Intangible Assets			32,417
Other
Intangible Assets
Acquisition of Intangible Assets			618
Goodwill and Intangible Assets
Acquisition of Intangible Assets			618
Thomas Plant
Intangible Assets
Goodwill from acquisition			13,016
Goodwill and Intangible Assets
Goodwill from acquisition			$ 13,016
[1]	No goodwill is allocated to the Company's Retail Direct reportable segment.

Weighted Average Amortization P

Weighted Average Amortization Period for Finite Lived Intangible Assets (Detail)	12 Months Ended
	Dec. 31, 2015
Trade Names
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, weighted-average amortization periods	14 years
License
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, weighted-average amortization periods	33 years
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, weighted-average amortization periods	13 years
Other
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, weighted-average amortization periods	11 years

Estimated Amortization Expense

Estimated Amortization Expense (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Schedule Of Estimated Future Amortization Expense [Line Items]
2,016	$ 6,993
2,017	6,705
2,018	6,705
2,019	6,705
2,020	$ 6,690

Debt - Additional Information (

Debt - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015CNY (¥)	May. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jan. 31, 2014USD ($)
Debt Instrument [Line Items]
Outstanding borrowing under credit facility	$ 252,000			$ 765,000
Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Excess cash flow percentage related to prepayment of term loan			50.00%
Minimum availability under revolving credit to maintain minimum fixed charge ratio for four consecutive months	$ 17,500,000
Amended and Restated Credit Agreement | Additional in excess of the applicable level for any fiscal quarter ending on September 30th
Debt Instrument [Line Items]
Senior leverage ratio	25.00%	25.00%
Amended and Restated Credit Agreement | Minimum
Debt Instrument [Line Items]
Prepayment of term loan			$ 10,000,000
Second Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Credit facility, maturity date	2019-01
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	$ 175,000,000
Open letters of credit	1,400,000			2,300,000
Outstanding borrowing under credit facility	65,600,000			92,700,000
Availability under revolving credit facility	$ 86,200,000			64,900,000
Credit facility, maximum borrowing capacity terms	The borrowing capacity under the Revolving Credit Facility depends, in part, on eligible levels of accounts receivable and inventory, each of which fluctuates based upon seasonality of the business, and certain trademark values, based upon periodic appraisals. Therefore, the actual borrowing capacity may be less than the $175.0 million commitment.
Percentage of capital stock of foreign subsidiaries pledged as collateral	65.00%	65.00%
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Interest rates on outstanding borrowings	2.125%	2.125%
Percentage of line of credit facility unused capacity commitment fee	0.375%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Interest rates on outstanding borrowings	4.75%	4.75%
Revolving Credit Facility | Amended and Restated Credit Agreement
Debt Instrument [Line Items]
New Term Loan facility					$ 50,000,000
Credit facility terms	The Credit Agreement provides for customary restrictions and events of default. Restrictions include limitations on additional indebtedness, acquisitions, investments and payment of dividends, among other things. Further, the Credit Agreement provides that at any time any Term Loan is outstanding or at any time no Term Loan is outstanding and availability under the Revolving Credit Facility is less than $17.5 million and continuing until availability of at least $20.0 million is maintained for three consecutive months, the Company is required to maintain a minimum fixed charge coverage ratio of 1.20 to 1.00 for each of four consecutive fiscal quarter periods. The Credit Agreement also provides that when the Term Loan is outstanding, the Company is required to maintain a Senior Leverage Ratio within defined parameters not to exceed 4.50 to 1.00 for each remaining fiscal quarter ending during 2015; 4.00 to 1.00 for each fiscal quarter ending March 31, June 30 and September 30, 2016; and 3.75 to 1.00 for each fiscal quarter ending thereafter. For any fiscal quarter of the Company ending on September 30th, the maximum Senior Leverage Ratio is increased by an additional 0.251.00 in excess of the applicable level otherwise provided.
Revolving Credit Facility | Amended and Restated Credit Agreement | For each of four consecutive fiscal quarter periods
Debt Instrument [Line Items]
Fixed charge coverage ratio minimum	120.00%	120.00%
Revolving Credit Facility | Amended and Restated Credit Agreement | For each remaining fiscal quarter ending during 2015
Debt Instrument [Line Items]
Senior leverage ratio	450.00%	450.00%
Revolving Credit Facility | Amended and Restated Credit Agreement | For each fiscal quarter ending March 31, June 30 and September 30, 2016
Debt Instrument [Line Items]
Senior leverage ratio	400.00%	400.00%
Revolving Credit Facility | Amended and Restated Credit Agreement | For each fiscal quarter ending thereafter
Debt Instrument [Line Items]
Senior leverage ratio	375.00%	375.00%
Revolving Credit Facility | Amended and Restated Credit Agreement | Minimum
Debt Instrument [Line Items]
Minimum availability under revolving credit to maintain minimum fixed charge ratio for three consecutive months	$ 20,000,000
Revolving Credit Facility | Multi-currency Borrowings
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	40,000,000
Term Loan
Debt Instrument [Line Items]
Outstanding borrowing under credit facility	35,000,000			$ 45,000,000
HSBC Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	2,900,000	¥ 18,000,000
Outstanding borrowing under credit facility	$ 252,000	¥ 1,600,000
Interest rates on outstanding borrowings	5.00%	5.00%
Other than certain subordinated indebtedness
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	$ 99,700,000

Derivatives - Additional Inform

Derivatives - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)
Derivative [Line Items]
Commencement date	2013-03
Expiration date	Jun. 30, 2018
Duration of losses in other comprehensive income expected to be reclassified to earnings	12 months
Cash Flow Hedging | Interest Expense
Derivative [Line Items]
Gains (losses) in other comprehensive income expected to be reclassified to earnings	$ 0
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Contract
Derivative [Line Items]
Notional amount	20,100,000
Not Designated as Hedging Instrument | Foreign exchange contract
Derivative [Line Items]
Notional amount	$ 5,500,000

Fair Values of Derivative Finan

Fair Values of Derivative Financial Instruments Included in Consolidated Balance Sheets (Detail) - Fair Value, Observable inputs, Level 2 - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Designated as Hedging Instrument | Interest Rate Contract | Accrued Expenses
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Liabilities	$ 10	$ 6
Designated as Hedging Instrument | Interest Rate Contract | Deferred rent & other Long-term liability
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Liabilities	25	$ 26
Not Designated as Hedging Instrument | Foreign exchange contract | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Assets	$ 261

Gains and Losses Related to Der

Gains and Losses Related to Derivative Financial Instruments Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Designated as Hedging Instrument | Interest Rate Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) recognized in OCI	$ (2)	$ 13	$ 241

Gains and Losses Related to D54

Gains and Losses Related to Derivative Financial Instruments Not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Not Designated as Hedging Instrument | Foreign exchange contract | Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income on Derivative	$ 272	$ 694

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($)	Mar. 03, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount					$ 10,000,000
Treasury Stock Repurchase				$ 3,229,000
Treasury Stock Repurchase (in shares)		0	0	245,575
Total intrinsic value of stock options exercised		$ 639,000	$ 3,103,000	$ 1,997,000
Unrecognized stock option compensation cost		$ 3,100,000
Weighted-average per share grant date fair value of stock options granted		$ 4.68	$ 9.73	$ 6.12
Stock compensation expense		$ 5,286,000	$ 4,493,000	$ 2,881,000
Stock compensation expense, stock option		2,200,000	2,500,000
Stock compensation expense, Performance based and restricted share		800,000	300,000
Stock compensation expense, stock awards granted		$ 2,200,000	$ 1,700,000
Subsequent Event | Dividend Declared
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend declaration date	Mar. 3, 2016
Quarterly dividend declared	$ 0.0425
Dividend payable date	May 16, 2016
Dividend declared, date of record	May 2, 2016
Preferred stock Series A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock, shares authorized		100	100
Preferred stock, issued		0	0
Preferred stock, outstanding		0	0
Preferred stock Series B
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock, shares authorized		2,000,000	2,000,000
Preferred stock, issued		0	0
Preferred stock, outstanding		0	0
Long Term Incentive Plan 2000
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant		604,460
Long Term Incentive Plan 2000 | After Amendment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant		4,850,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average recognition period		2 years
Stock Options | Long Term Incentive Plan 2000 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiration period		5 years
Stock Options | Long Term Incentive Plan 2000 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiration period		10 years
Vesting period		5 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average recognition period		2 years 7 months 6 days
Total fair value of restricted stock vested		$ 374,000
Restricted Stock | Long Term Incentive Plan 2000 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Weighted-average recognition period		2 years
Vesting rights percentage		150.00%
Performance Shares | Long Term Incentive Plan 2000
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years

Cash Dividends Declared (Detail

Cash Dividends Declared (Detail)	12 Months Ended
	Dec. 31, 2015$ / shares
Dividend Payment 1st
Dividends Payable [Line Items]
Dividend per share	$ 0.0375
Date declared	Oct. 31, 2013
Date of record	Jan. 31, 2014
Payment date	Feb. 14, 2014
Dividend Payment 2nd
Dividends Payable [Line Items]
Dividend per share	$ 0.0375
Date declared	Mar. 11, 2014
Date of record	May 1, 2014
Payment date	May 15, 2014
Dividend Payment 3rd
Dividends Payable [Line Items]
Dividend per share	$ 0.0375
Date declared	Jun. 19, 2014
Date of record	Aug. 1, 2014
Payment date	Aug. 15, 2014
Dividend Payment 4th
Dividends Payable [Line Items]
Dividend per share	$ 0.0375
Date declared	Jul. 29, 2014
Date of record	Oct. 31, 2014
Payment date	Nov. 14, 2014
Dividend Payment 5th
Dividends Payable [Line Items]
Dividend per share	$ 0.0375
Date declared	Nov. 5, 2014
Date of record	Jan. 30, 2015
Payment date	Feb. 13, 2015
Dividend Payment 6th
Dividends Payable [Line Items]
Dividend per share	$ 0.0375
Date declared	Mar. 4, 2015
Date of record	May 1, 2015
Payment date	May 15, 2015
Dividend Payment 7th
Dividends Payable [Line Items]
Dividend per share	$ 0.0375
Date declared	Jun. 10, 2015
Date of record	Jul. 31, 2015
Payment date	Aug. 14, 2015
Dividend Payment 8th
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Aug. 4, 2015
Date of record	Oct. 30, 2015
Payment date	Nov. 13, 2015
Dividend Payment 9th
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Nov. 3, 2015
Date of record	Feb. 1, 2016
Payment date	Feb. 15, 2016

Summary of Stock Option (Detail

Summary of Stock Option (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Options
Beginning balance	2,326,627	2,371,650	2,528,177
Grants	89,600	394,400	390,800
Exercises	(110,375)	(365,223)	(247,827)
Cancellations	(37,750)	(32,200)	(68,000)
Expirations	(25,900)	(42,000)	(231,500)
Ending balance	2,242,202	2,326,627	2,371,650
Options exercisable at End of Period	1,725,944
Weighted-average exercise price
Beginning balance	$ 14.19	$ 12.75	$ 13.06
Grants	13.99	18.83	12.26
Exercises	8.84	8.63	4.91
Cancellations	15.57	12.23	16.89
Expirations	26.60	26.61	22.46
Ending balance	14.28	$ 14.19	$ 12.75
Options exercisable at End of Period	$ 13.85
Weighted-average remaining contractual life (years)
Options outstanding, Ending balance	5 years 1 month 6 days
Options exercisable, Ending balance	4 years 3 months 18 days
Aggregate intrinsic value
Options outstanding, end of period	$ 3,715,000
Options exercisable, end of period	$ 3,551,000

Fair Value Stock Options at Gra

Fair Value Stock Options at Grant Date using Weighted-Average Assumption (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions And Weighted Average Fair Values [Line Items]
Historical volatility	39.00%	58.00%	61.00%
Expected term (years)	5 years 2 months 12 days	6 years	5 years 7 months 6 days
Risk-free interest rate	1.67%	1.95%	0.88%
Expected dividend yield	1.18%	0.77%	0.97%

Summary of Restricted Stock Act

Summary of Restricted Stock Activity (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Weighted-average exercise price
Grants	$ 13.99	$ 18.83	$ 12.26
Cancellations	$ 15.57	$ 12.23	$ 16.89
Restricted Stock
Number of shares
Beginning balance	26,511	22,459	23,394
Grants	100,073	26,511	22,459
Vested	(24,649)	(22,459)	(23,394)
Cancellations	(500)
Ending balance	101,435	26,511	22,459
Total unrecognized compensation expense remaining	$ 1,089,700
Weighted-average exercise price
Beginning balance	$ 15.86	$ 13.26	$ 11.54
Grants	14.78	15.86	13.26
Vested	15.97	13.26	11.54
Cancellations	14.84
Ending balance	$ 14.77	$ 15.86	$ 13.26
Weighted-average years expected to be recognized over	2 years 7 months 6 days

Summary of Performance-based Aw

Summary of Performance-based Award Activity (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Weighted-average grant date fair value
Cancellations	$ 15.57	$ 12.23	$ 16.89
Performance Shares
Number of shares
Grants (at target)	66,650
Cancellations	(500)
Ending balance	66,150
Total unrecognized compensation expense remaining	$ 740,560
Weighted-average years expected to be recognized over	2 years
Weighted-average grant date fair value
Grants (at target)	$ 14.84
Cancellations	14.84
Ending balance	$ 14.84

Calculations of Basic and Dilut

Calculations of Basic and Diluted Income per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share Disclosure [Line Items]
Net income - Basic and Diluted	$ 12,278	$ 1,544	$ 9,281
Weighted-average shares outstanding - Basic	13,850	13,519	12,757
Effect of dilutive securities:
Stock options and restricted stock	416	455	286
Weighted-average shares outstanding - Diluted	14,266	13,974	13,043
Basic income per common share	$ 0.89	$ 0.11	$ 0.73
Diluted income per common share	$ 0.86	$ 0.11	$ 0.71

Income (Loss) per Common Share

Income (Loss) per Common Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Diluted Income (Loss) Per Common Share	1,467,857	2,004,836	1,417,145

Components of Income Before Inc

Components of Income Before Income Taxes. Equity in Earnings and Extra Ordinary Items (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Components Of Earnings Loss Before Income Taxes [Line Items]
Income before income taxes and equity in earnings	$ 18,331	$ 13,862	$ 23,237
Domestic
Components Of Earnings Loss Before Income Taxes [Line Items]
Income before income taxes and equity in earnings	22,096	10,251	26,470
Foreign
Components Of Earnings Loss Before Income Taxes [Line Items]
Income before income taxes and equity in earnings	$ (3,765)	$ 3,611	$ (3,233)

Provision for Income Taxes (Bef

Provision for Income Taxes (Before Equity in Earnings) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal	$ 5,584	$ 4,709	$ 8,996
State and local	1,879	1,284	1,707
Foreign	604	1,691	747
Deferred	(1,440)	(1,859)	(2,275)
Income tax provision	$ 6,627	$ 5,825	$ 9,175

Significant Components of Defer

Significant Components of Deferred Income Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred income tax assets:
Deferred rent expense	$ 4,028	$ 3,686
Stock options	4,179	3,348
Inventory	1,298	1,312
Operating loss carry-forward	2,213	2,073
Accounts receivable allowances	217	406
Accrued compensation	867	897
Other	2,820	2,911
Total deferred income tax assets	$ 15,622	$ 14,633

Significant Components of Net D

Significant Components of Net Deferred Income Tax (Liability) Asset (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred income tax liabilities:
Depreciation and amortization	$ (3,121)	$ (3,461)
Intangibles	(12,380)	(12,549)
Equity in earnings	(154)	(504)
Total deferred income tax liabilities	(15,655)	(16,514)
Net deferred income tax asset (liability)	(33)	(1,881)
Valuation allowance	(2,077)	(1,897)
Net deferred income tax (liability) asset	$ (2,110)	$ (3,778)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Examination [Line Items]
Corporate income tax rate	35.00%	35.00%	35.00%
Gross liability for tax positions	$ 157,000	$ 572,000	$ 351,000	$ 301,000
Income tax examination net of federal and state tax benefit, accrued interest	42,000	$ 40,000
Reduction in income tax liability if tax positions sustained	149,000
Change in unrecognized tax benefits reasonably possible	$ 76,000
Income tax examination years description	The Company is no longer subject to U.S. Federal income tax examinations for the years prior to 2013.
State Jurisdiction
Income Tax Examination [Line Items]
Net operating loss carryforward	$ 13,400,000
Net operating loss carryforward expiration	2,016
State Jurisdiction | Minimum
Income Tax Examination [Line Items]
Income tax examination year	2,011
State Jurisdiction | Maximum
Income Tax Examination [Line Items]
Income tax examination year	2,014
Foreign
Income Tax Examination [Line Items]
Net operating loss carryforward	$ 7,500,000
Net operating loss carryforward expiration	2,020
UNITED KINGDOM | Fiscal Year 2015
Income Tax Examination [Line Items]
Corporate income tax rate	20.00%
UNITED KINGDOM | Fiscal Year 2020
Income Tax Examination [Line Items]
Corporate income tax rate	18.00%

Difference between Provision fo

Difference between Provision for Income Taxes and Amount Computed b Applying Federal (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Effective Tax Rate Reconciliation [Line Items]
Provision for federal income taxes at the statutory rate	35.00%	35.00%	35.00%
State and local income taxes, net of Federal income tax benefit	5.30%	4.90%	5.50%
Foreign rate differences	(8.60%)	(2.70%)	(1.10%)
Non-deductible expenses	5.50%	6.40%	2.80%
Other	(1.00%)	(1.60%)	(2.70%)
Provision for income taxes	36.20%	42.00%	39.50%

Estimated Values of Gross Uncer

Estimated Values of Gross Uncertain Tax Positions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Contingency [Line Items]
Beginning Balance	$ (572)	$ (351)	$ (301)
Additions based on tax positions related to the current year	(15)		(31)
Additions for tax positions of prior years		(221)	(164)
Settlements	430		145
Ending Balance	$ (157)	$ (572)	$ (351)

Business Segments - Additional

Business Segments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015Segment
Segment Reporting Information [Line Items]
Number of reportable business segment	3

Segment Reporting Information (

Segment Reporting Information (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Segment Reporting Information [Line Items]
Net sales		$ 587,670		$ 586,010		$ 502,721
Income from operations		24,231		21,384		28,186
Depreciation and amortization		14,203		14,200		10,415
Assets		398,952		421,402		336,739
Capital expenditures		5,166		6,171		3,842
Goodwill, Beginning balance		18,101	[1]	5,085	[1]	5,085
Acquisition activity				0		0
Goodwill, Ending Balance	[1]	18,101		18,101		5,085
Non-operating adjustment
Segment Reporting Information [Line Items]
Net sales	[2]					(1,053)
Income from operations	[2]					(1,053)
Unallocated corporate expenses
Segment Reporting Information [Line Items]
Income from operations		(14,916)		(16,215)		(14,851)
Assets		13,617		5,068		8,887
U.S. Wholesale
Segment Reporting Information [Line Items]
Net sales		458,593		441,293		444,187
Depreciation and amortization		8,784		8,618		8,549
Capital expenditures		4,087		5,431		3,375
Goodwill, Beginning balance		2,412		2,412		2,412
Goodwill, Ending Balance		2,412		2,412		2,412
U.S. Wholesale | Operating Segments
Segment Reporting Information [Line Items]
Net sales		458,593		441,293		444,187
Income from operations	[3]	41,343		34,874		46,303
Assets		269,764		287,744		291,757
International
Segment Reporting Information [Line Items]
Net sales		108,000		125,230		38,907
Depreciation and amortization		5,272		5,379		1,601
Capital expenditures		1,004		650		272
Goodwill, Beginning balance		15,689		2,673		2,673
Acquisition activity				13,016
Goodwill, Ending Balance		15,689		15,689		2,673
International | Operating Segments
Segment Reporting Information [Line Items]
Net sales		108,000		125,230		38,907
Income from operations	[4]	(1,600)		3,759		(2,151)
Assets		115,128		128,055		35,365
Retail Direct
Segment Reporting Information [Line Items]
Depreciation and amortization		147		203		265
Capital expenditures		75		90		195
Retail Direct | Operating Segments
Segment Reporting Information [Line Items]
Net sales		21,077		19,487		20,680
Income from operations		(596)		(1,034)		(62)
Assets		$ 443		$ 535		$ 730
[1]	No goodwill is allocated to the Company's Retail Direct reportable segment.
[2]	In 2013, the Company recorded a non-operating adjustment to reduce accounts receivable for previously issued credits within the Retail Direct business which related to 2010 and earlier periods.
[3]	In 2014, income from operations for the U.S. Wholesale segment included a $3.4 million of intangible asset impairment charge and $4.2 million related to the reduction in certain contingent consideration accruals.
[4]	In 2015, income from operations for the International segment includes a $1.0 million net charge related to the change in certain contingent consideration accruals.

Segment Reporting Information72

Segment Reporting Information (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Increase/Reduction in contingent consideration accruals	$ 650	$ (4,203)
U.S. Wholesale
Segment Reporting Information [Line Items]
Finite lived intangible asset impairment		3,400
Increase/Reduction in contingent consideration accruals		$ (4,200)
International Segment
Segment Reporting Information [Line Items]
Increase/Reduction in contingent consideration accruals	$ 1,000

Net Sales and Long-Lived Assets

Net Sales and Long-Lived Assets by Major Geographic Locations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 587,670	$ 586,010	$ 502,721
Long-lived assets	52,493	59,688
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	462,234	436,049	439,129
Long-lived assets	49,990	54,594
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	81,347	93,432	29,012
Long-lived assets	1,550	3,927
Rest of World
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	44,089	56,529	$ 34,580
Long-lived assets	$ 953	$ 1,167

Net Sales by Major Product Cate

Net Sales by Major Product Categories (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Net sales	$ 587,670	$ 586,010	$ 502,721
U.S. Wholesale
Segment Reporting Information [Line Items]
Net sales	458,593	441,293	444,187
U.S. Wholesale | Kitchenware
Segment Reporting Information [Line Items]
Net sales	271,045	269,265	281,211
U.S. Wholesale | Tableware
Segment Reporting Information [Line Items]
Net sales	124,353	117,546	110,108
U.S. Wholesale | Home Solutions
Segment Reporting Information [Line Items]
Net sales	63,195	54,482	52,868
International
Segment Reporting Information [Line Items]
Net sales	108,000	125,230	38,907
International | Kitchenware
Segment Reporting Information [Line Items]
Net sales	61,291	67,604
International | Tableware
Segment Reporting Information [Line Items]
Net sales	$ 46,709	$ 57,626	$ 38,907

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Dec. 11, 2015USD ($)	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Commitments and Contingencies Disclosure [Line Items]
Expiration year of lease agreements		2,029
Rent and related expense		$ 17,400,000	$ 15,800,000	$ 14,300,000
Sublease rental income		$ 0	$ 0	$ 0
Number of leased properties | Property		2
Lease payments		$ 850,000
Lease agreement expiration year		2,020
Royalty license expiration year		2,023
Capital cost
Commitments and Contingencies Disclosure [Line Items]
Remedial alternative, EPA preferred remedy	$ 7,300,000

Future Minimum Payments Under N

Future Minimum Payments Under Non Cancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Leases Future Minimum Payments [Line Items]
2,016	$ 17,058
2,017	17,294
2,018	13,476
2,019	11,280
2,020	10,132
Thereafter	71,035
Total	$ 140,275

Future Minimum Royalties Payabl

Future Minimum Royalties Payable (Detail) - Royalty Agreements $ in Thousands	Dec. 31, 2015USD ($)
Contractual Obligation [Line Items]
2,016	$ 6,986
2,017	6,823
2,018	6,733
2,019	1,140
2,020	406
Thereafter	604
Total	$ 22,692

Retirement Plans - Additional I

Retirement Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Defined contribution retirement plan voluntary contributions	$ 18,000
Retirement benefit obligations		$ 13,796,000	$ 11,678,000
Retirement benefit obligations discount rate	3.96%	3.65%
Expected actuarial losses included in accumulated other comprehensive loss in net periodic benefit cost	$ 91,000
Accumulated benefit obligation	0	$ 13,800,000
Accumulated Other comprehensive income	0	623,000
Former Executives
Defined Benefit Plan Disclosure [Line Items]
Retirement benefit obligations	6,500,000	$ 6,900,000
Employees 50 years or over
Defined Benefit Plan Disclosure [Line Items]
Defined contribution retirement plan voluntary contributions	$ 24,000

Future Retirement Benefit Payme

Future Retirement Benefit Payments (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Defined Benefit Plan Disclosure [Line Items]
2,016	$ 144
2,017	294
2,018	396
2,019	386
2,020	375
2021 through 2024	$ 2,003

Changes in Projected Benefit Ob

Changes in Projected Benefit Obligation and Plan Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Change in projected benefit obligations
Projected benefit obligations, beginning of year/ acquisition	$ 13,796	$ 11,678
Interest cost		364
Actuarial (gain) loss	(2,492)	2,887
Benefits paid	(58)	(216)
Annuity purchase	(11,008)
Currency adjustment	(238)	(917)
Projected benefit obligations, end of year		13,796
Change in plan assets
Fair value of plan assets, beginning of year/ acquisition	15,533	11,678
Actual return on plan assets	(1,903)	2,618
Employer (refund) contributions	(2,295)	2,471
Benefits paid	(58)	(216)
Annuity purchase	(11,008)
Currency adjustment	$ (269)	(1,018)
Fair value of plan assets, end of year		15,533
Net Plan funding, end of year		$ 1,738

Components of Net Periodic Pens

Components of Net Periodic Pension Cost (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)
Components of net periodic pension cost
Expected return on plan assets	$ (390)
Interest cost on projected benefit obligations	364
Net periodic pension cost	$ (26)

Components of Inventory (Detail

Components of Inventory (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Inventory [Line Items]
Finished goods	$ 133,618	$ 134,564
Work in process	1,754	1,887
Raw materials	1,518	1,473
Total	$ 136,890	$ 137,924

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Machinery, furniture and equipment	$ 88,914	$ 85,556
Leasehold improvements	28,989	28,056
Building and improvements	1,604	1,604
Construction in progress	1,543	1,108
Land	100	100
Property plant and equipment gross	121,150	116,424
Less: accumulated depreciation and amortization	(96,273)	(89,623)
Total	$ 24,877	$ 26,801

Other - Additional Information

Other - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other [Line Items]
Depreciation and amortization expense	$ 7,200	$ 7,700	$ 7,700
Machinery, furniture and equipment	88,914	85,556
Accumulated Depreciation and amortization	96,273	89,623
Assets Held under Capital Leases
Other [Line Items]
Machinery, furniture and equipment	2,300	2,100
Accumulated Depreciation and amortization	$ 2,100	$ 2,000

Accrued Expenses (Detail)

Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accrued Liabilities [Line Items]
Customer allowances and rebates	$ 10,474	$ 12,314
Compensation and benefits	10,762	9,412
Interest	241	224
Vendor invoices	4,424	3,071
Royalties	2,330	2,266
Commissions	989	1,222
Freight	1,360	1,519
Professional fees	860	1,527
VAT	1,312	1,400
Contingent consideration related to acquisitions	3,193
Other	4,209	4,006
Total	$ 40,154	$ 36,961

Deferred Rent and Other Long Te

Deferred Rent and Other Long Term Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Other Liabilities Noncurrent [Line Items]
Deferred rent liability	$ 10,450	$ 9,530
Retirement benefit obligations	6,349	6,776
Contingent consideration related to acquisitions	892	3,286
Compensation	719	542
Capital lease obligations	121
Derivative liability	25	26
Total	$ 18,556	$ 20,160

Supplemental Cash Flow Informat

Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 4,909	$ 5,035	$ 4,115
Cash paid for taxes	8,963	4,912	10,862
Non-cash investing activities:
Translation adjustment	$ (5,281)	$ (4,736)	$ (140)

Components of Accumulated Other

Components of Accumulated Other Comprehensive Loss, Net (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Accumulated translation adjustment:
Balance at beginning of year		$ (7,680)		$ (2,944)		$ (2,804)
Translation adjustment during period		(5,281)		(4,736)		(140)
Balance at end of year		(12,961)		(7,680)		(2,944)
Accumulated effect of retirement benefit obligations:
Balance at beginning of year		(2,224)		(745)		(1,160)
Net gain (loss) arising from retirement benefit obligations, net of tax		941		(1,507)		361
Amounts reclassified from accumulated other comprehensive loss:
Amortization of loss, net of tax	[1]	79		28		54
Balance at end of year		(1,204)		(2,224)		(745)
Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of year		(18)	[2]	(31)	[2]	(272)
Derivative fair value adjustment, net of tax		(2)		13		241
Balance at end of year	[2]	$ (20)		$ (18)		$ (31)
[1]	Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.
[2]	No amounts were reclassified out of accumulated other comprehensive loss. Amounts reclassified would be recorded in interest expense on the consolidated statements of operations.

Valuation and Qualifying Acco89

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		$ 6,663	$ 5,209	$ 3,996
Additions Due to acquisitions			469
Additions Charged to costs and expenses		6,730	11,397	6,264
Deductions		(8,093)	(10,412)	(5,051)
Balance at end of period		5,300	6,663	5,209
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		815	473	361
Additions Due to acquisitions			119
Additions Charged to costs and expenses		226	401	260
Deductions	[1]	(344)	(178)	(148)
Balance at end of period		697	815	473
Allowance for Sales Returns
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		5,848	4,736	3,635
Additions Due to acquisitions			350
Additions Charged to costs and expenses	[2]	6,504	10,996	6,004
Deductions	[3]	(7,749)	(10,234)	(4,903)
Balance at end of period		$ 4,603	$ 5,848	$ 4,736
[1]	Uncollectible accounts written off, net of recoveries.
[2]	Charged to net sales.
[3]	Allowances granted.