Lifetime Brands (LCUT) 10-K 16 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 02, 2018	Jun. 30, 2017
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
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		20,540,268
Entity Public Float			$ 223,496,396

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 7,600	$ 7,883
Accounts receivable, less allowances of $6,190 at December 31, 2017 and $5,725 at December 31, 2016	108,033	104,556
Inventory (Note N)	132,436	135,212
Prepaid expenses and other current assets	10,354	8,796
TOTAL CURRENT ASSETS	258,423	256,447
PROPERTY AND EQUIPMENT, net (Note N)	23,065	21,131
INVESTMENTS (Note D)	23,978	22,712
INTANGIBLE ASSETS, net (Note E)	88,479	89,219
DEFERRED INCOME TAXES (Note J)	5,826	8,459
OTHER ASSETS	1,750	1,886
TOTAL ASSETS	401,521	399,854
CURRENT LIABILITIES
Current maturity of Credit Agreement Term Loan (Note F)		9,343
Short term loan (Note F)	69	113
Accounts payable	25,461	29,698
Accrued expenses (Note N)	44,121	45,212
Income taxes payable (Note J)	1,864	6,920
TOTAL CURRENT LIABILITIES	71,515	91,286
DEFERRED RENT & OTHER LONG-TERM LIABILITIES (Note N)	20,249	18,973
DEFERRED INCOME TAXES (Note J)	4,423	5,666
INCOME TAXES PAYABLE, LONG TERM (Note J)	311
REVOLVING CREDIT FACILITY (Note F)	94,744	86,201
STOCKHOLDERS' EQUITY
Preferred stock, $1.00 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: 50,000,000 at December 31, 2017 and 2016; shares issued and outstanding: 14,902,527 at December 31, 2017 and 14,555,936 at December 31, 2016	149	146
Paid-in capital	178,909	173,600
Retained earnings	60,546	60,981
Accumulated other comprehensive loss (Note N)	(29,325)	(36,999)
TOTAL STOCKHOLDERS' EQUITY	210,279	197,728
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 401,521	$ 399,854

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts receivable, allowances	$ 6,190	$ 5,725
Preferred stock, par value	$ 1	$ 1
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,902,527	14,555,936
Common stock, shares outstanding	14,902,527	14,555,936
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, 2017	Dec. 31, 2016	Dec. 31, 2015
Net sales	$ 579,476	$ 592,619	$ 587,670
Cost of sales	364,319	375,719	373,284
Gross margin	215,157	216,900	214,386
Distribution expenses	58,050	57,006	54,815
Selling, general and administrative expenses	140,903	130,397	134,903
Restructuring expenses	1,024	2,420	437
Income from operations	15,180	27,077	24,231
Interest expense (Note F)	(4,291)	(4,803)	(5,746)
Financing expense			(154)
Loss on early retirement of debt (Note F)	(110)	(272)
Income before income taxes and equity in earnings	10,779	22,002	18,331
Income tax provision (Note J)	(9,032)	(7,030)	(6,627)
Equity in earnings, net of taxes (Note D)	407	748	574
NET INCOME	$ 2,154	$ 15,720	$ 12,278
BASIC INCOME PER COMMON SHARE (NOTE I)	$ 0.15	$ 1.11	$ 0.89
DILUTED INCOME PER COMMON SHARE (NOTE I)	$ 0.14	$ 1.08	$ 0.86

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net income	$ 2,154	$ 15,720	$ 12,278
Other comprehensive income (loss), net of tax:
Translation adjustment (Note N)	7,823	(23,061)	(5,281)
Less: Amount reclassified		378
Total translation gain (loss)	7,823	(22,683)	(5,281)
Deferred gains (losses) on cash flow hedges (Notes G & N):
Fair value adjustment, net of tax of $0 in 2017, $11 in 2016 and $1 in 2015	17	17	(2)
Total deferred gains (losses) on cash flow hedges	17	17	(2)
Effect of retirement benefit obligations (Note N):
Net (loss) income arising from retirement benefit obligations, net of tax of ($132) in 2017, ($135) in 2016 and $211 in 2015	(228)	(202)	941
Less: amortization of loss included in net income, net of tax of $42 in 2017, $36 in 2016 and $53 in 2015	62	54	79
Total effects of retirement benefit obligations	(166)	(148)	1,020
Other comprehensive income (loss), net of tax	7,674	(22,814)	(4,263)
Comprehensive income (loss)	$ 9,828	$ (7,094)	$ 8,015

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair value adjustment, tax	$ 0	$ 11	$ 1
Net (loss) income arising from retirement benefit obligations, tax	(132)	(135)	211
Amortization of loss included in net income, tax	$ 42	$ 36	$ 53

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Employee	Common Stock	Common StockDirector	Common StockEmployee	Paid-in capital	Paid-in capitalEmployee	Retained earnings	Accumulated other comprehensive loss
Beginning Balance (in shares) at Dec. 31, 2014			13,712,000
Balance at beginning of year at Dec. 31, 2014	$ 188,233		$ 137			$ 160,315		$ 37,703	$ (9,922)
Comprehensive (loss) income:
Net income	12,278							12,278
Translation adjustment	(5,281)								(5,281)
Derivative fair value adjustment (Note G)	(2)								(2)
Effect of retirement benefit obligations	1,020								1,020
Comprehensive income (loss)	8,015
Restricted shares issued to employees/directors (Note H)				28,000
Shares issued to employees/directors (Note H) (in shares)					189,000
Shares issued to employees/directors (Note H)		$ 1,657			$ 2		$ 1,655
Stock compensation expense (Note H)	3,105					3,105
Tax benefit (deficiency) from stock options, net	$ (138)					(138)
Exercise of stock options (in shares)	110,375		101,000
Exercise of stock options	$ 844		$ 1			843
Dividends (Note H)	(2,248)							(2,248)
Ending Balance (in shares) at Dec. 31, 2015			14,030,000
Balance at end of year at Dec. 31, 2015	199,468		$ 140			165,780		47,733	(14,185)
Comprehensive (loss) income:
Net income	15,720							15,720
Translation adjustment	(22,683)								(22,683)
Derivative fair value adjustment (Note G)	17								17
Effect of retirement benefit obligations	(148)								(148)
Comprehensive income (loss)	(7,094)
Restricted shares issued to employees/directors (Note H)				27,000
Shares issued to employees/directors (Note H) (in shares)					234,000
Shares issued to employees/directors (Note H)		2,127			$ 3		2,124
Stock compensation expense (Note H)	2,911					2,911
Tax benefit (deficiency) from stock options, net	$ 435					435
Exercise of stock options (in shares)	272,325		265,000
Exercise of stock options	$ 2,353		$ 3			2,350
Dividends (Note H)	(2,472)							(2,472)
Ending Balance (in shares) at Dec. 31, 2016			14,556,000
Balance at end of year at Dec. 31, 2016	197,728		$ 146			173,600		60,981	(36,999)
Comprehensive (loss) income:
Net income	2,154							2,154
Translation adjustment	7,823								7,823
Derivative fair value adjustment (Note G)	17								17
Effect of retirement benefit obligations	(166)								(166)
Comprehensive income (loss)	9,828
Restricted shares issued to employees/directors (Note H)				30,000	97,000
Restricted shares issued to employees/directors (Note H)		$ 2			$ 1		$ 1
Stock compensation expense (Note H)	$ 3,390					3,390
Exercise of stock options (in shares)	300,000		254,000
Exercise of stock options	$ 2,537		$ 2			2,535
Units effectively repurchased for required employee withholding taxes (in shares)			(34,000)
Units effectively repurchased for required employee withholding taxes	(694)					(694)
Adoption of ASU 2016-09	31					77		(46)
Dividends (Note H)	(2,543)							(2,543)
Ending Balance (in shares) at Dec. 31, 2017			14,903,000
Balance at end of year at Dec. 31, 2017	$ 210,279		$ 149			$ 178,909		$ 60,546	$ (29,325)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
OPERATING ACTIVITIES
Net income	$ 2,154	$ 15,720	$ 12,278
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,189	14,148	14,203
Amortization of financing costs	519	650	641
Deferred rent	(642)	(243)	848
Deferred income taxes	1,030	(1,951)	(1,440)
Net loss on disposal of fixed assets		84
Stock compensation expense	3,390	2,942	5,286
Undistributed equity earnings	(379)	(544)	(348)
Loss on early retirement of debt (Note F)	110	272
Contingent consideration fair value adjustment			650
Changes in operating assets and liabilities (excluding the effects of business acquisitions)
Accounts receivable	1,481	(17,977)	15,527
Inventory	10,818	4,491	(308)
Prepaid expenses, other current assets and other assets	(951)	(1,199)	1,087
Accounts payable, accrued expenses and other liabilities	(9,778)	12,255	(397)
Income taxes receivable		132
Income taxes payable	(4,935)	969	(1,517)
NET CASH PROVIDED BY OPERATING ACTIVITIES	17,006	29,749	46,510
INVESTING ACTIVITIES
Purchases of property and equipment	(6,311)	(3,380)	(5,166)
Equity investments		567	112
Acquisitions, net of cash acquired	(9,072)	(21,699)
Net proceeds from sale of property	15	64	26
NET CASH USED IN INVESTING ACTIVITIES	(15,368)	(24,448)	(5,028)
FINANCING ACTIVITIES
Proceeds from Revolving Credit Facility (Note F)	237,658	268,242	263,632
Repayments of Revolving Credit Facility (Note F)	(229,696)	(246,756)	(290,346)
Repayments of Credit Agreement Term Loan (Note F)	(9,500)	(25,500)	(10,000)
Proceeds from Short Term Loan (Note F)	187	118	289
Payments from Short Term Loan (Note F)	(239)	(248)	(802)
Payments of tax withholding for stock based compensation	(644)	(86)
Payment of financing costs	(31)	(30)	(212)
Cash dividends paid (Note H)	(2,475)	(2,413)	(2,150)
Payment of capital lease obligations	(94)	(68)	(50)
Payment of contingent consideration			(391)
Proceeds from the exercise of stock options	2,537	2,353	843
Excess tax benefit from stock options		223	43
NET CASH USED IN FINANCING ACTIVITIES	(2,297)	(4,165)	(39,144)
Effect of foreign exchange on cash	376	(384)	(275)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(283)	752	2,063
Cash and cash equivalents at beginning of year	7,883	7,131	5,068
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 7,600	$ 7,883	$ 7,131

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
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, Fitz and Floyd, Housewares Deals and Lifetime Sterling 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 Foreign currency denominated 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, including the unrealized gain or loss on the fair value of foreign exchange contracts not designated as hedges and the realized gain or loss on all foreign exchange contracts, whether or not designated as hedges, 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 $3.0 million loss in 2017, $4.2 million gain in 2016 and a $714,000 loss in 2015. 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 $2.3 million in 2017, $2.6 million in 2016 and $2.4 million in 2015. 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 Freight-out In 2016, the Company identified and corrected an error in the accumulated depreciation balance relating to certain leasehold improvements at one of its U.S. warehouses. Accordingly, distribution expense for the year ended December 31, 2016 includes $1.2 million of additional depreciation expense to properly reflect the accumulated depreciation balance of these assets as of December 31, 2016. Advertising expenses Advertising expenses are expensed as incurred and are included in selling, general and administrative expenses. Advertising expenses were $3.4 million, $3.7 million and $3.9 million for the years ended December 31, 2017, 2016 and 2015, 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 However, in certain cases the Company does not have a formal contract and, therefore, customer deductions are non-contractual. non-contractual The sale of accounts receivable, under the Company’s Receivable Purchase Agreement with HSBC, are reflected as a reduction of accounts receivable in the Company’s consolidated balance sheet at the time of sale and any related expense is included in selling, general and administrative expenses in the Company’s consolidated statements of operations. 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 Property and equipment Property and equipment is stated at cost. Property and equipment, other than leasehold improvements, are 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, 2017, 2016 and 2015, Wal-Mart 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 that 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 Intangibles – Goodwill and Other two-step two-step two-step Long-lived assets, including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. 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 recoverability of the asset is measured by comparing the carrying value of the asset to the estimated undiscounted 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 . more-likely-than-not 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 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 of the Board of Directors. 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 at the end of a three year period, as determined by the Compensation Committee. 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. 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 2016, to reduce costs and achieve synergies, the Company began the process of integrating its legal entities operating in Europe. During the 2017, the Company recorded $1.0 million of restructuring expense related to the execution of this plan, primarily related to severance. The Company does not expect to incur additional restructuring charges in 2018 related to this integration; however additional restructuring charges may be incurred in the future as additional integration initiatives are undertaken. In December 2015, the Company commenced an in-depth As of December 31, 2017 and 2016, $0 and $525,000 was accrued related to severance and consulting expenses from the restructuring plans. Adopted Accounting Pronouncements Effective January 1, 2017, the Company adopted Accounting Standard Update (“ASU”) 2016-09, Improvements to Employee Share-Based Payment Accounting. 2016-09, Effective January 1, 2017, the Company adopted ASU 2015-11, Inventory: Simplifying the Measurement of Inventory first-in, first-out Accounting Pronouncements to be Adopted in Future Periods In January 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-04, Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments In February 2016, the FASB issued ASU 2016-02, Leases, right-of-use In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) The Company adopted the new guidance on January 1, 2018, using the modified retrospective transition method and applying this approach to those contracts that were not completed as of that date. The Company completed its evaluation of customer agreements and changes to its controls to support recognition and disclosures under the new guidance. The Company does not expect the adoption of the standard to have a material impact on its consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2017
ACQUISITIONS	NOTE B —ACQUISITIONS Fitz and Floyd On August 31, 2017, the Company acquired the Fitz and Floyd business, including the trade names and related working capital, from Fitz and Floyd Enterprises, LLC (“Fitz”) for cash in the amount of $9.1 million. The purchase price was funded by borrowings under the Company’s revolving credit facility. The assets and operating results of the Fitz and Floyd business are reflected in the Company’s condensed consolidated financial statements in accordance with ASC Topic No. 805, Business Combinations The purchase price was allocated based on the Company’s estimate of the fair values of the assets acquired and liabilities assumed, as follows (in thousands): Purchase Price Accounts Receivable $ 3,115 Inventory 5,424 Other assets 458 Other liabilities (2,056 ) Goodwill and other intangibles 2,131 Total allocated value $ 9,072 On the basis of estimated fair values, the excess of the purchase price over the net assets acquired of $2.1 million has been allocated as follows: $1.7 million for customer relationships and trade names and $0.4 million for goodwill. The goodwill recognized results from such factors as assembled workforce and the value of other synergies expected from combining operations with the Company. All the goodwill and other intangibles are included in the U.S. Wholesale segment. Customer relationships and trade names are amortized on a straight-line basis over their estimated useful lives (see Note E). Focus In September 2016, the Company acquired the Amco Houseworks ® Swing-A-Way ® Business Combinations Copco In October 2016, the Company acquired the Copco ® Business Combinations ®
Taylor
ACQUISITIONS	NOTE O — Taylor Acquisition On December 22, 2017, the Company entered into an Agreement providing for the acquisition of Taylor Holdco LLC, (“Taylor”) by the Company. At a special meeting of shareholders held on February 28, 2018, stockholders approved the issuance of shares pursuant to the Agreement and the acquisition was completed on March 2, 2018. The aggregate consideration for Taylor is approximately $297.3 million, $220.4 million of cash consideration and approximately 5.6 million newly issued shares of the Company’s common stock, with a value equal to $76.9 million, based on the market value of the Company’s common stock as of March 2, 2018. The estimated cash portion of the consideration is subject to adjustments as defined in the Agreement. The acquisition will be accounted for as a business combination using the acquisition method of accounting in accordance with FASB ASC Topic 805, which will establish a new basis of accounting for all identifiable assets acquired and liabilities assumed at fair value as of the date control is obtained. In connection with the Company’s acquisition of Taylor, on March 2, 2018 (1) the Company entered into a new credit agreement with JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent, and the lenders and issuing banks party thereto, in the maximum aggregate principal amount of $150.0 million, which facility will mature on March 2, 2023, and (2) the Company entered into a new loan agreement, the “TLB Credit Agreement”, with the Company, as the borrower and a guarantor, the other guarantors, JPMorgan, as administrative agent, Golub Capital LLC, as syndication agent, and the lenders party thereto, providing for a senior secured term loan credit facility to the Company in the principal amount of $275.0 million, which will mature on February 28, 2025. The term loan facility will be repaid, commencing June 30, 2018, in quarterly payments of principal equal to 0.25% of the original aggregate principal amount of the term loan facility. The maximum borrowing under the ABL Credit Agreement may be increased to up to $200.0 million, if certain conditions are met. One or more tranches of additional term loans (the “Incremental Facilities”) may be added under the TLB Credit Agreement if certain conditions are met. The Incremental Facilities may not exceed the sum of (i) $50.0 million plus (ii) an unlimited amount so long as, in the case of (ii) only, the Company’s secured net leverage ratio, as defined in and computed pursuant to the TLB Credit Agreement, is no greater than 3.75 to 1.00 subject to certain limitations and for the period defined pursuant to the TLB Credit Agreement. The Company utilized the proceeds of borrowings under the revolving credit facility and the proceeds of the term loan (i) to repay in full all existing indebtedness for borrowed money under its former Credit Agreement and (ii) to finance the acquisition of Taylor, the refinancing of certain indebtedness of Taylor and its subsidiaries, and the payment of fees and expenses in connection with the foregoing.

SALE OF ACCOUNTS RECEIVABLE

SALE OF ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2017
SALE OF ACCOUNTS RECEIVABLE	NOTE C — SALE OF ACCOUNTS RECEIVABLE In order to improve its liquidity during seasonally high working capital periods, in 2016 the Company entered into an uncommitted Receivables Purchase Agreement with HSBC Bank USA, National Association (“HSBC”), as Purchaser (the “Receivables Purchase Agreement”). Under the Receivables Purchase Agreement, the Company may offer to sell certain eligible accounts receivable (the “Receivables”) to HSBC, which may accept such offer, and purchase the offered Receivables. Under the Receivables Purchase Agreement, following each purchase of Receivables, the outstanding aggregate purchased Receivables shall not exceed $25.0 million. HSBC will assume credit risk of the Receivables purchased; provided, however, that the Company will continue to be responsible for all non-credit At December 31, 2016, the Company held approximately $3.3 million of restricted cash representing collections the Company received as servicer of the Receivables sold to HSBC. This restricted cash was held in trust at December 31, 2016 and restricted from being pledged by the Company. The restricted cash was subsequently remitted to HSBC in accordance with the terms of the Receivables Purchase Agreement.

EQUITY INVESTMENTS

EQUITY INVESTMENTS	12 Months Ended
	Dec. 31, 2017
EQUITY INVESTMENTS	NOTE D — 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, 2017, 2016 and 2015 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 19.68 and MXN 20.70 at December 31, 2017 and 2016, 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 17.81 to 20.30, MXN 18.02 to 19.85 and MXN 14.94 to 16.76, during the years ended December 31, 2017, 2016 and 2015, respectively. The effect of the translation of the Company’s investment resulted in increase of the investment of $1.0 during the year ended December 31, 2017 and a decrease of the investment of $3.2 million and $4.9 million during the years ended December 31, 2016 and 2015, respectively. These translation effects are recorded in accumulated other comprehensive loss. The Company received cash dividends of $28,000, $205,000 and $226,000, from Vasconia during the years ended December 31, 2017, 2016 and 2015, respectively. Included in prepaid expenses and other current assets at December 31, 2017 and 2016 was $64,000 and $83,000 due from Vasconia. Included within accounts payable and accrued expenses at December 31, 2017 and 2016 was $0 and $220,000 due to Vasconia. Summarized income statement information for the years ended December 31, 2017, 2016 and 2015, as well as summarized balance sheet information as of December 31, 2017 and 2016, for Vasconia in USD and MXN is as follows: Year Ended December 31, 2017 2016 2015 (in thousands) Income Statement USD MXN USD MXN USD MXN Net sales $ 167,283 $ 3,157,671 $ 149,533 $ 2,795,009 $ 178,832 $ 2,824,399 Gross profit 34,626 655,186 27,205 510,617 33,982 534,285 Income from operations 10,475 199,170 5,611 105,334 10,551 165,507 Net income 1,164 23,983 3,491 68,230 7,353 117,194 December 31, 2017 2016 (in thousands) Balance Sheet USD MXN USD MXN Current assets $ 91,157 $ 1,793,832 $ 81,509 $ 1,687,396 Non-current 87,900 1,729,745 83,890 1,736,681 Current liabilities 50,766 998,993 31,303 648,028 Non-current 39,147 770,352 49,408 1,022,842 The Company recorded equity in earnings of Vasconia, net of taxes, of $0.4 million, $0.6 million and $0.6 million for the years ended December 31, 2017, 2016 and 2015, respectively. Equity in earnings in 2017, 2016 and 2015 includes deferred tax benefit (expense) of $0.2 million, ($0.5) million and ($1.3) 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. As of December 31, 2017, the fair value (based upon the quoted stock price) of the Company’s investment in Vasconia was $31.8 million. The carrying value of the Company’s investment in Vasconia was $23.8 million. During the year ended December 31, 2016, the Company sold its 40% equity interest in GS Internacional S/A (“GSI”), a wholesale distributor of branded housewares products in Brazil. The Company initially acquired GSI in December 2011 and accounted for this investment using the equity method of accounting; however, impairment losses in 2014 reduced the investment balance to zero. Upon the sale of its equity interest in GSI the Company recognized a net gain of $189,000. This gain is included within equity in earnings (losses), net of tax, and represents the net consideration received of R$2.3 million (approximately $567,000) reduced by currency translation losses of $378,000 recognized upon the sale of the equity interest in GSI. In February 2012, the Company entered into a joint venture, Grand Venture Holdings Limited (“Grand Venture”), with Manweal Development Limited (“Manweal”), a Chinese corporation, to distribute Mikasa ®

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2017
GOODWILL AND INTANGIBLE ASSETS	NOTE E — 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, 2017 2016 Gross Accumulated Net Gross Accumulated Net Goodwill $ 15,772 $ — $ 15,772 $ 14,201 $ — $ 14,201 Indefinite-lived intangible assets: Trade names 7,616 — 7,616 7,616 — 7,616 Finite-lived intangible assets: Licenses 15,847 (9,375 ) 6,472 15,847 (8,919 ) 6,928 Trade names 33,368 (11,109 ) 22,259 31,150 (8,286 ) 22,864 Customer relationships 52,961 (16,966 ) 35,995 49,372 (12,188 ) 37,184 Other 1,165 (800 ) 365 1,266 (840 ) 426 Total $ 126,729 $ (38,250 ) $ 88,479 $ 119,452 $ (30,233 ) $ 89,219 A summary of the activities related to the Company’s intangible assets for the years ended December 31, 2017, 2016 and 2015 consists of the following (in thousands): Intangible Goodwill Total Intangible 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 Acquisition of trade names 5,159 — 5,159 Acquisition of customer relationships 8,878 — 8,878 Acquisition of other intangible assets 50 — 50 Foreign currency translation adjustment (11,400 ) (3,900 ) (15,300 ) Amortization (6,161 ) — (6,161 ) Goodwill and Intangible Assets, December 31, 2016 75,018 14,201 89,219 Acquisition of goodwill — 434 434 Acquisition of trade names 1,134 — 1,134 Acquisition of customer relationships 563 — 563 Foreign currency translation adjustment 2,823 1,137 3,960 Amortization (6,831 ) — (6,831 ) Goodwill and Intangible Assets, December 31, 2017 $ 72,707 $ 15,772 $ 88,479 The weighted-average amortization periods for the Company’s finite-lived intangible assets as of December 31, 2017 are as follows: Years Trade names 14 Licenses 33 Customer relationships 13 Other 12 Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands): Year ending December 31, 2018 $ 7,096 2019 7,096 2020 7,081 2021 6,604 2022 6,604 Amortization expense for the years ended December 31, 2017, 2016 and 2015 was $6.8 million, $6.2 million and $7.0 million, respectively. Annual indefinite-lived trade name impairment test In 2017, 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 16.9-17.7% 2.5%-3%. The For the Company’s 2016 and 2015 annual impairment tests for its indefinite-lived trade names as of October 1, 2016 and 2015, the Company elected to first perform a qualitative assessment to determine if it was more likely than not that the fair values of the Company’s indefinite-lived trade names were 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 was not more likely than not that the fair values of the Company’s indefinite-lived trade names were less than the carrying values as of October 1, 2016 and 2015. Annual goodwill impairment test The Company bypassed the optional qualitative impairment analysis for its three reporting units with goodwill for its October 1, 2017 impairment test. Accordingly, the first step of the two step goodwill impairment test, as described above, was performed. Under the first step, the estimated fair value of each of the reporting units was determined using the income approach and market approach. The significant assumptions used under the income approach, or 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 the income approach, the resultant estimated fair value of the three reporting units exceeded their carrying value as of October 1, 2017. As of October 1, 2016, the fair value of the Creative Tops reporting unit, which carried goodwill of $2.1 million, was approximately 3% below its carrying value. In 2016 the Company performed the second step of the impairment test by estimating the fair value of the assets and liabilities to determine the implied fair value of goodwill. The implied fair value of goodwill was determined to be greater than the carrying value and no impairment charge was recorded. Also, as of October 1, 2016, the excess of fair value of the Kitchen Craft reporting unit, which carried goodwill of $9.7 million, was approximately 3% over its carrying value. As of October 1, 2017, the fair values of the Creative Tops and Kitchen Craft reporting units both exceeded their respective carrying values. Management’s projections used to estimate the cash flows included increasing net sales and operational improvements designed to reduce costs at the Company’s international reporting units. The excess fair value calculated in 2017 was driven by realized cost savings and, to a larger extent, future cost savings from the combination of the operations expected to be completed in the near term. The planned cost savings are in line with that of a market participant. Changes in any of the significant assumptions used in the valuation of the Company’s reporting units 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 As of December 31, 2017, the Company assessed the carrying value of goodwill and determined based on qualitative factors, no impairment existed.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2017
DEBT	NOTE F — 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 Co-Collateral At December 31, 2017 and 2016, under the Revolving Credit Facility, borrowings outstanding were $94.7 million and $86.2 million, respectively. At December 31, 2017 and 2016, open letters of credit were $3.2 million and $2.4 million, respectively and availability under the Revolving Credit Facility was approximately $58.0 million and $76.5 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 the 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, 2017 and 2016, $0 and $9.5 million, respectively, was outstanding under the Term Loan and unamortized debt issuance costs were $0 and $157,000, respectively. In April 2017, the Company repaid the $7.0 million outstanding balance under the Term Loan. In connection therewith, the Company wrote-off wrote-off Interest rates on outstanding borrowings at December 31, 2017 ranged from 2.5% to 5.5%. 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. Pursuant to the Credit Agreement, as of December 31, 2017 the maximum additional permitted indebtedness other than certain subordinated indebtedness was $58.0 million. The Company was in compliance with the financial covenants of the Credit Agreement at December 31, 2017. In August 2016, the Company amended the Credit Agreement to, among other things, allow the sale of certain accounts receivable by the Company to other financial institutions (subject to the approval of the Credit Agreement’s administrative agent) and revise the definition of EBITDA to provide that non-recurring 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 ($2.8 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, 2017 and 2016, RMB 0.5 million ($69,000) and RMB 0.8 million ($113,000), respectively, was outstanding under the HSBC Facility. Outstanding borrowings at December 31, 2017 carried an interest rate of 5.0%.

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2017
DERIVATIVES	NOTE G — DERIVATIVES The Company is a party to interest rate swap agreements with an aggregate notional amount of $5.3 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 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, 2017 was $34.9 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): December 31, Derivatives designated as hedging instruments Balance Sheet Location 2017 2016 Interest rate swaps Prepaid expenses $ 11 $ — Accrued expenses — 4 Deferred rent & — 3 December 31, Derivatives not designated as hedging instruments Balance Sheet Location 2017 2016 Foreign exchange contracts Prepaid expenses $ — $ 924 Accrued Expenses 1,951 — 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 recognized in other comprehensive income (loss) as follows (in thousands): Year ended Derivatives designated as hedging instruments 2017 2016 2015 Interest rate swaps $ 17 $ 17 $ (2 ) As of December 31, 2017, no amounts recorded in accumulated other comprehensive loss were expected to be reclassified to interest expense in the next twelve months, however; in connection with the financing transaction described in Note O, the Company determined it is probable that the hedged forecast transaction will not occur and the net gain reported in accumulated other comprehensive income related to the interest rate swap will be reclassified into interest expense. The amounts of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are recognized in earnings as follows (in thousands): Derivatives not designated as hedging instruments Location of Year Ended December 31, 2017 2016 2015 Foreign exchange contracts Selling, $ (2,592 ) $ 2,182 $ 272

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Dec. 31, 2017
CAPITAL STOCK	NOTE H — CAPITAL STOCK Cash dividends Dividends were declared in 2017 and 2016 as follows: Dividend per share Date declared Date of record Payment date $0.0425 March 3, 2016 May 2, 2016 May 16, 2016 $0.0425 June 9, 2016 August 1, 2016 August 15, 2016 $0.0425 August 4, 2016 November 1, 2016 November 15, 2016 $0.0425 November 3, 2016 February 1, 2017 February 15, 2017 $0.0425 March 8, 2017 May 1, 2017 May 15, 2017 $0.0425 June 22, 2017 August 1, 2017 August 15, 2017 $0.0425 August 4, 2017 November 1, 2017 November 15, 2017 $0.0425 November 7, 2017 February 1, 2018 February 15, 2018 On March 8, 2018, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on May 15, 2018 to shareholders of record on May 1, 2018. 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. No shares were repurchased during the years ended December 31, 2017, 2016 and 2015. 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, 2017. 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 5,287,500 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 Stock options A summary of the Company’s stock option activity and related information for the three years ended December 31, 2017, is as follows: Options Weighted- Weighted- Aggregate 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 Grants 66,850 15.44 Exercises (272,325 ) 9.01 Cancellations (30,750 ) 15.39 Expirations (230,577 ) 27.16 Options outstanding at December 31, 2016 1,775,400 13.44 Grants 125,750 17.38 Exercises (300,000 ) 11.34 Cancellations (45,700 ) 16.40 Expirations (99,250 ) 20.40 Options outstanding at December 31, 2017 1,456,200 13.64 4.6 $ 5,019,000 Options exercisable at December 31, 2017 1,250,673 $ 13.05 4.0 $ 4,923,000 The aggregate intrinsic value in the table above represents the total pre-tax in-the-money in-the-money The total intrinsic values of those stock options that were exercised in the years ended December 31, 2017, 2016 and 2015 were $2,071,000, $1,848,000 and $639,000, 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, 2017, before the effect of income taxes, was $1.0 million and is expected to be recognized over a weighted-average period of 2.1 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, 2017, 2016, and 2015 was $6.37, $5.43 and $4.68, respectively. The fair values for these stock options were estimated at the dates of grant using the following weighted-average assumptions: 2017 2016 2015 Historical volatility 39 % 39 % 39 % Expected term (years) 6.0 6.0 5.2 Risk-free interest rate 1.97 % 1.37 % 1.67 % Expected dividend yield 0.98 % 1.10 % 1.18 % Restricted Stock A summary of the Company’s restricted stock activity and related information for the three years ended December 31, 2017 is as follows: Restricted Weighted- Non-vested 26,511 $ 15.86 Grants 100,073 14.78 Vested (24,649 ) 15.97 Cancellations (500 ) 14.84 Non-vested 101,435 14.77 Grants 109,170 15.64 Vested (46,306 ) 14.79 Cancellations (2,475 ) 14.93 Non-vested 161,824 15.35 Grants 133,352 18.32 Vested (69,795 ) 15.39 Cancellations (6,064 ) 16.07 Non-vested 219,317 $ 17.12 Total unrecognized compensation expense remaining $ 2,932,000 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, 2017 was $1.3 million. Performance shares 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 at the end of the performance period, as determined by the Compensation Committee of the Board of Directors. 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 three years ended December 31, 2017 is as follows: Performance- awards (1) Weighted- Non-vested — $ — Grants 66,650 14.84 Cancellations (500 ) 14.84 Non-vested 66,150 14.84 Grants 82,000 15.69 Cancellations (2,188 ) 14.94 Non-vested 145,962 15.32 Grants 87,000 18.45 Cancellations (4,070 ) 16.52 Non-vested 228,892 $ 16.49 Total unrecognized compensation expense remaining $ 1,727,000 Weighted-average years expected to be recognized over 1.7 (1) Represents the target number of shares to be issued for each performance-based award. On March 7, 2018, the Compensation Committee of the Board of Directors determined the performance goals set forth in the performance-based awards granted in 2015 were attained and 58,888 shares vested. The Company recognized total stock compensation expense of $3.4 million for the year ended December 31, 2017, of which $1.1 million represents stock option compensation expense and $2.3 million represents restricted stock and performance based compensation expense. The Company recognized total stock compensation expense of $2.9 million for the year ended December 31, 2016, of which $1.4 million represents stock option compensation expense, $1.5 million represents restricted stock, including restricted stock granted to directors and performance based compensation expense, and $32,000 represents stock awards. 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.

INCOME PER COMMON SHARE

INCOME PER COMMON SHARE	12 Months Ended
	Dec. 31, 2017
INCOME PER COMMON SHARE	NOTE I — 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, 2017, 2016 and 2015, are as follows: 2017 2016 2015 (in thousands - except per share amounts) Net income – Basic and Diluted $ 2,154 $ 15,720 $ 12,278 Weighted-average shares outstanding – Basic 14,505 14,174 13,850 Effect of dilutive securities: Stock options and other stock awards 450 375 416 Weighted-average shares outstanding – Diluted 14,955 14,549 14,266 Basic income per common share $ 0.15 $ 1.11 $ 0.89 Diluted income per common share $ 0.14 $ 1.08 $ 0.86 The computations of diluted income per common share for the years ended December 31, 2017, 2016 and 2015 excludes 1,190,261, 1,335,113 and 1,467,857, respectively, related to options to purchase shares and other stock awards. These shares were excluded due to their antidilutive effect.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
INCOME TAXES	NOTE J — INCOME TAXES The components of income before income taxes, equity in earnings and extraordinary item are as follows: Year Ended December 31, 2017 2016 2015 (in thousands) Domestic $ 17,728 $ 22,114 $ 22,096 Foreign (6,949 ) (112 ) (3,765 ) Total income before income taxes and equity in earnings $ 10,779 $ 22,002 $ 18,331 The provision for income taxes (before equity in earnings) consists of: Year Ended December 31, 2017 2016 2015 (in thousands) Current: Federal $ 7,041 $ 8,000 $ 5,584 State and local 957 498 1,879 Foreign 4 483 604 Deferred 1,030 (1,951 ) (1,440 ) Income tax provision $ 9,032 $ 7,030 $ 6,627 On December 22, 2017, the legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”) was enacted. The Tax Act revises the U.S. corporate income tax by, among other things, lowering the corporate income tax rate from 35% to 21%, adopting a quasi-territorial income tax system and imposing a one-time Due to the complexities involved in the accounting for the Tax Act, on December, 22, 2017, the Securities and Exchange Commission’s Staff Accounting Bulletin (“SAB”) 118 was issued to provide guidance to companies that have not yet completed their accounting for the Tax Act in the period of enactment. SAB 118 provides that the Company include in its financial statements a reasonable estimate of the impact of the Tax Act on earnings to the extent such estimate has been determined. Accordingly, the U.S. provision for income tax for 2017 is based on the reasonable estimate guidance provided by SAB 118. For the year ended December 31, 2017, the Company accrued $338,000 of tax expense for the Tax Act’s one-time one-time For the year ended December 31, 2017, the Company accrued $3.0 million in provisional expense related to the net change in deferred tax assets stemming from the Tax Act’s reduction of the U.S. federal tax rate from 35% to 21%. The Tax Act also includes a provision to tax global intangible low-taxed Pursuant to the SAB 118, the Company is allowed a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impacts. The Company will continue to calculate the impact of the U.S. Tax Act and will record any resulting tax adjustments during 2018. 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, 2017 2016 (in thousands) Deferred income tax assets: Deferred rent expense $ 2,212 $ 3,706 Stock options 2,903 4,593 Inventory 970 1,190 Operating loss carry-forward 4,114 2,568 Accounts receivable allowances 264 463 Accrued compensation 623 944 Depreciation and amortization 247 — Other 1,882 2,784 Total deferred income tax assets $ 13,215 $ 16,248 Significant components of the Company’s net deferred income tax asset (liability) are as follows: December 31, 2017 2016 (in thousands) Deferred income tax liabilities: Depreciation and amortization $ — $ (1,268 ) Intangibles (8,732 ) (9,815 ) Equity in earnings (56 ) 24 Total deferred income tax liabilities (8,788 ) (11,059 ) Net deferred income tax asset 4,427 5,189 Valuation allowance (3,024 ) (2,396 ) Net deferred income tax asset $ 1,403 $ 2,793 The Company has generated various state net operating loss carryforwards of which, $13.0 million remained at December 31, 2017 that begin to expire in 2026 .The Company has net operating losses in foreign jurisdictions of $10.6 million at December 31, 2017 that begin to expire in 2020. The valuation allowance as of December 31, 2017 increased from the prior year primarily due to foreign net operating losses that the Company does not believe will more likely than not be realized. 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, 2017 2016 2015 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 5.9 3.6 5.3 Foreign rate differences 8.0 (7.9 ) (8.6 ) Non-deductible 3.7 3.4 5.5 Tax Act- 27.7 — — Tax Act- 3.1 — — Other 0.4 (2.1 ) (1.0 ) Provision for income taxes 83.8 % 32.0 % 36.2 % The estimated values of the Company’s gross uncertain tax positions at December 31, 2017, 2016, and 2015 are liabilities of $161,000, $109,000 and $157,000, respectively, and consist of the following: Year Ended December 31, 2017 2016 2015 (in thousands) Balance at January 1 $ (109 ) $ (157 ) $ (572 ) Additions based on tax positions related to the current year (82 ) — (15 ) Reduction for tax positions of prior years 30 — — Settlements — 48 430 Balance at December 31 $ (161 ) $ (109 ) $ (157 ) The Company had approximately $24,000 and $29,000, net of federal and state tax benefit, accrued at December 31, 2017 and 2016, respectively, for the payment of interest. The Company’s policy for recording interest and penalties is to record such items as a component of the provision for income taxes. If the Company’s tax positions are ultimately sustained, the Company’s liability, including interest, would be reduced by $182,000, 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 $32,000 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 2014. The Company has identified the following jurisdictions as “major” tax jurisdictions: U.S. Federal, California, Massachusetts, Georgia, Illinois, New York, New Jersey and the United Kingdom. At December 31, 2017, the periods subject to examination by the Company’s major state jurisdictions are generally for the years ended 2013 through 2016.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	12 Months Ended
	Dec. 31, 2017
BUSINESS SEGMENTS	NOTE K 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, Fred and Friends, Built NY, Fitz and Floyd, Housewares Deals 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, 2017 2016 2015 (in thousands) Net sales: U.S. Wholesale $ 462,588 $ 470,981 $ 458,593 International 97,757 101,070 108,000 Retail Direct 19,131 20,568 21,077 Total net sales $ 579,476 $ 592,619 $ 587,670 Income from operations: U.S. Wholesale (1) $ 39,764 $ 39,745 $ 41,343 International (2) (6,984 ) 3,052 (1,600 ) Retail Direct (423 ) 770 (596 ) Unallocated corporate expenses (17,177 ) (16,490 ) (14,916 ) Total income from operations $ 15,180 $ 27,077 $ 24,231 Depreciation and amortization: U.S. Wholesale (3) $ 9,851 $ 10,095 $ 8,784 International 4,185 3,917 5,272 Retail Direct 153 136 147 Total depreciation and amortization $ 14,189 $ 14,148 $ 14,203 Capital expenditures: U.S. Wholesale $ 3,899 $ 2,767 $ 4,087 International 2,135 424 1,004 Retail Direct 277 189 75 Total capital expenditures $ 6,311 $ 3,380 $ 5,166 (1) In 2016 and 2015, income from operations for the U.S. Wholesale segment includes $2.4 million and $0.4 million, respectively, of restructuring expenses related to the U.S. Wholesale restructuring plan as described in Note A. The 2016 period also includes a $1.2 million charge to correct prior years’ depreciation of certain assets within the U.S. Wholesale segment. (2) 2017 income from operations for the International segment includes $1.0 million of restructuring expenses related to the integration of entities in Europe. 2015 income from operations for the International segment includes a $1.0 million net charge related to the change in certain contingent consideration accruals. (3) The 2016 period includes a $1.2 million charge to correct prior years’ depreciation of certain assets within the U.S. Wholesale segment. Year Ended December 31, 2017 2016 (in thousands) Assets: U.S. Wholesale $ 281,398 $ 287,313 International 105,984 95,698 Retail Direct 613 501 Unallocated/ corporate/ other 13,526 16,342 Total assets $ 401,521 $ 399,854 Year Ended December 31, 2017 2016 (in thousands) Goodwill: U.S. Wholesale Beginning balance $ 2,412 $ 2,412 Acquisition activity 434 — Ending balance 2,846 2,412 International Beginning balance 11,789 15,689 Foreign currency translation adjustment 1,137 (3,900 ) Ending balance 12,926 11,789 Total goodwill (1) $ 15,772 $ 14,201 (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, 2017 2016 2015 (in thousands) Net sales: United States $ 460,788 $ 472,962 $ 462,234 United Kingdom 74,834 74,991 81,347 Rest of World 43,854 44,666 44,089 Total $ 579,476 $ 592,619 $ 587,670 December 31, 2017 2016 (in thousands) Long-lived assets, excluding intangible assets, at period-end: United States $ 45,285 $ 43,431 United Kingdom 2,779 1,186 Rest of World 729 1,112 Total $ 48,793 $ 45,729 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, 2017 2016 2015 Category: (in thousands) Kitchenware $ 276,574 $ 286,815 $ 295,592 Tableware 134,034 135,901 125,445 Home Solutions 51,980 48,265 37,556 Total $ 462,588 $ 470,981 $ 458,593 The following table sets forth net sales by major product categories included within the Company’s International operating segment: Year Ended December 31, 2017 2016 2015 (in thousands) Category: Kitchenware $ 59,686 $ 59,742 $ 61,291 Tableware 38,071 41,328 46,709 Total $ 97,757 $ 101,070 $ 108,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
COMMITMENTS AND CONTINGENCIES	NOTE L — 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 Year Ending December 31, 2018 $ 16,800 2019 14,866 2020 14,038 2021 13,055 2022 13,481 Thereafter 76,538 Total $ 148,778 Rent and related expenses under operating leases were $16.8 million, $16.6 million and $17.4 million for the years ended December 31, 2017, 2016 and 2015, respectively. The Company leases one property from the trustees of an active retirement benefit plan in which former employees of the Company participate. Total lease payments made to this related party in 2017 was $412,000. The lease agreement expires 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, 2018 $ 6,047 2019 292 2020 218 2021 222 2022 226 Thereafter 156 Total $ 7,161 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 a 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 sub-surface OU-1, 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, 2017
RETIREMENT PLANS	NOTE M — 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 2017. The Company suspended its matching contribution in 2009 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 the agreements with these former executives are unfunded and amounted to $7.3 million at December 31, 2017 and $6.9 million at December 31, 2016. The discount rate used to calculate the retirement benefit obligations was 3.33% at December 31, 2017 and 3.76% at December 31, 2016. The retirement benefit obligations are included in accrued expenses and deferred rent and other long-term liabilities. The Company expects to recognize $119,000 of actuarial losses included in accumulated other comprehensive loss in net periodic benefit cost in 2018. 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, 2018 $ 422 2019 407 2020 392 2021 393 2022 435 2023 through 2027 1,944

OTHER

OTHER	12 Months Ended
	Dec. 31, 2017
OTHER	NOTE N — OTHER Inventory The components of inventory are as follows: December 31, 2017 2016 (in thousands) Finished goods $ 129,611 $ 132,564 Work in process 1,548 1,521 Raw materials 1,277 1,127 Total $ 132,436 $ 135,212 Property and equipment Property and equipment consist of: December 31, 2017 2016 (in thousands) Machinery, furniture and equipment $ 91,282 $ 89,545 Leasehold improvements 32,591 30,019 Building and improvements 787 1,622 Construction in progress 3,122 2,639 Land 100 100 127,882 123,925 Less: accumulated depreciation and amortization (104,817 ) (102,794 ) Total $ 23,065 $ 21,131 Depreciation and amortization expense of property and equipment for the years ended December 31, 2017, 2016, and 2015 was $6.6 million, $8.0 million and $7.2 million, respectively . Included in machinery, furniture and equipment at each of December 31, 2017 and 2016 is $2.0 million and $2.2 million, respectively, related to assets recorded under capital leases. Included in accumulated depreciation and amortization at December 31, 2017 and December 31, 2016 is $1.9 million and $2.0 million, respectively, related to assets recorded under capital leases. Accrued expenses Accrued expenses consist of: December 31, 2017 2016 (in thousands) Customer allowances and rebates $ 11,662 $ 10,787 Compensation and benefits 9,613 13,616 Interest 191 185 Vendor invoices 4,027 5,415 Royalties 1,744 2,095 Commissions 786 947 Freight 4,002 1,684 Professional fees 3,160 1,464 VAT 1,176 648 Contingent consideration related to acquisitions — 738 HSBC collection receipts (1) — 3,335 Foreign exchange contracts 1,951 — Other 5,809 4,298 Total $ 44,121 $ 45,212 (1) Collections received on behalf of HSBC in connection with the Receivable Purchase Agreement. Deferred rent & other long-term liabilities Deferred rent & other long-term liabilities consist of: December 31, 2017 2016 (in thousands) Deferred rent liability $ 13,399 $ 12,213 Retirement benefit obligations 6,829 6,629 Capital lease obligations 21 128 Derivative liability — 3 Total $ 20,249 $ 18,973 Supplemental cash flow information Year Ended December 31, 2017 2016 2015 (in thousands) Supplemental disclosure of cash flow information: Cash paid for interest $ 3,791 $ 4,171 $ 4,909 Cash paid for taxes 12,936 6,384 8,963 Non-cash Translation adjustment $ 7,823 $ (23,061 ) $ (5,281 ) Components of accumulated other comprehensive loss, net Year Ended December 31, 2017 2016 2015 (in thousands) Accumulated translation adjustment: Balance at beginning of year $ (35,644 ) $ (12,961 ) $ (7,680 ) Translation adjustment during period 7,823 (23,061 ) (5,281 ) Amounts reclassified from accumulated other comprehensive loss: (1) Currency translation adjustment — 378 — Balance at end of year $ (27,821 ) $ (35,644 ) $ (12,961 ) Accumulated deferred gains (losses) on cash flow hedges: Balance at beginning of year $ (3 ) $ (20 ) $ (18 ) Derivative fair value adjustment, net of tax 17 17 (2 ) Balance at end of year (2) $ 14 $ (3 ) $ (20 ) Accumulated effect of retirement benefit obligations: Balance at beginning of year $ (1,352 ) $ (1,204 ) $ (2,224 ) Net gain (loss) arising from retirement benefit obligations, net of tax (228 ) (202 ) 941 Amounts reclassified from accumulated other comprehensive loss: Amortization of loss, net of tax (3) 62 54 79 Balance at end of year $ (1,518 ) $ (1,352 ) $ (1,204 ) (1) Amount is recorded in equity in earnings (losses) 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. (3) Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
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, 2017 Deducted from asset accounts: Allowance for doubtful accounts $ 648 $ — $ 594 $ (84 )(a) $ 1,158 Reserve for sales returns and allowances 5,077 — 4,332 (c) (4,377 )(b) 5,032 $ 5,725 $ — $ 4,926 $ (4,461 ) $ 6,190 Year ended December 31, 2016 Deducted from asset accounts: Allowance for doubtful accounts $ 697 $ — $ 127 $ (176 )(a) $ 648 Reserve for sales returns and allowances 4,603 — 5,110 (c) (4,636 )(b) 5,077 $ 5,300 $ — $ 5,237 $ (4,812 ) $ 5,725 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 (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, 2017
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 Foreign currency denominated 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, including the unrealized gain or loss on the fair value of foreign exchange contracts not designated as hedges and the realized gain or loss on all foreign exchange contracts, whether or not designated as hedges, 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 $3.0 million loss in 2017, $4.2 million gain in 2016 and a $714,000 loss in 2015.
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 $2.3 million in 2017, $2.6 million in 2016 and $2.4 million in 2015. 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 Freight-out In 2016, the Company identified and corrected an error in the accumulated depreciation balance relating to certain leasehold improvements at one of its U.S. warehouses. Accordingly, distribution expense for the year ended December 31, 2016 includes $1.2 million of additional depreciation expense to properly reflect the accumulated depreciation balance of these assets as of December 31, 2016.
Advertising expenses	Advertising expenses Advertising expenses are expensed as incurred and are included in selling, general and administrative expenses. Advertising expenses were $3.4 million, $3.7 million and $3.9 million for the years ended December 31, 2017, 2016 and 2015, 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 However, in certain cases the Company does not have a formal contract and, therefore, customer deductions are non-contractual. non-contractual The sale of accounts receivable, under the Company’s Receivable Purchase Agreement with HSBC, are reflected as a reduction of accounts receivable in the Company’s consolidated balance sheet at the time of sale and any related expense is included in selling, general and administrative expenses in the Company’s consolidated statements of operations.
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
Property and equipment	Property and equipment Property and equipment is stated at cost. Property and equipment, other than leasehold improvements, are 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, 2017, 2016 and 2015, Wal-Mart
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 that 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 Intangibles – Goodwill and Other two-step two-step two-step Long-lived assets, including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. 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 recoverability of the asset is measured by comparing the carrying value of the asset to the estimated undiscounted 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 . more-likely-than-not
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 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 of the Board of Directors. 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 at the end of a three year period, as determined by the Compensation Committee. 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.
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 2016, to reduce costs and achieve synergies, the Company began the process of integrating its legal entities operating in Europe. During the 2017, the Company recorded $1.0 million of restructuring expense related to the execution of this plan, primarily related to severance. The Company does not expect to incur additional restructuring charges in 2018 related to this integration; however additional restructuring charges may be incurred in the future as additional integration initiatives are undertaken. In December 2015, the Company commenced an in-depth As of December 31, 2017 and 2016, $0 and $525,000 was accrued related to severance and consulting expenses from the restructuring plans.
Adopted Accounting Pronouncements	Adopted Accounting Pronouncements Effective January 1, 2017, the Company adopted Accounting Standard Update (“ASU”) 2016-09, Improvements to Employee Share-Based Payment Accounting. 2016-09, Effective January 1, 2017, the Company adopted ASU 2015-11, Inventory: Simplifying the Measurement of Inventory first-in, first-out
Accounting Pronouncements to be Adopted in Future Periods	Accounting Pronouncements to be Adopted in Future Periods In January 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-04, Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments In February 2016, the FASB issued ASU 2016-02, Leases, right-of-use In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) The Company adopted the new guidance on January 1, 2018, using the modified retrospective transition method and applying this approach to those contracts that were not completed as of that date. The Company completed its evaluation of customer agreements and changes to its controls to support recognition and disclosures under the new guidance. The Company does not expect the adoption of the standard to have a material impact on its consolidated financial statements.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Summary of Purchase Price Allocated Based on Estimated Fair Value of Assets and Liabilities	The purchase price was allocated based on the Company’s estimate of the fair values of the assets acquired and liabilities assumed, as follows (in thousands): Purchase Price Accounts Receivable $ 3,115 Inventory 5,424 Other assets 458 Other liabilities (2,056 ) Goodwill and other intangibles 2,131 Total allocated value $ 9,072

EQUITY INVESTMENTS (Tables)

EQUITY INVESTMENTS (Tables) - Grupo Vasconia S.A.B.	12 Months Ended
	Dec. 31, 2017
Summarized Income Statement Information for Vasconia in USD and MXN	Summarized income statement information for the years ended December 31, 2017, 2016 and 2015, as well as summarized balance sheet information as of December 31, 2017 and 2016, for Vasconia in USD and MXN is as follows: Year Ended December 31, 2017 2016 2015 (in thousands) Income Statement USD MXN USD MXN USD MXN Net sales $ 167,283 $ 3,157,671 $ 149,533 $ 2,795,009 $ 178,832 $ 2,824,399 Gross profit 34,626 655,186 27,205 510,617 33,982 534,285 Income from operations 10,475 199,170 5,611 105,334 10,551 165,507 Net income 1,164 23,983 3,491 68,230 7,353 117,194
Summarized Balance Sheet Information for Vasconia in USD and MXN	December 31, 2017 2016 (in thousands) Balance Sheet USD MXN USD MXN Current assets $ 91,157 $ 1,793,832 $ 81,509 $ 1,687,396 Non-current 87,900 1,729,745 83,890 1,736,681 Current liabilities 50,766 998,993 31,303 648,028 Non-current 39,147 770,352 49,408 1,022,842

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 2016 Gross Accumulated Net Gross Accumulated Net Goodwill $ 15,772 $ — $ 15,772 $ 14,201 $ — $ 14,201 Indefinite-lived intangible assets: Trade names 7,616 — 7,616 7,616 — 7,616 Finite-lived intangible assets: Licenses 15,847 (9,375 ) 6,472 15,847 (8,919 ) 6,928 Trade names 33,368 (11,109 ) 22,259 31,150 (8,286 ) 22,864 Customer relationships 52,961 (16,966 ) 35,995 49,372 (12,188 ) 37,184 Other 1,165 (800 ) 365 1,266 (840 ) 426 Total $ 126,729 $ (38,250 ) $ 88,479 $ 119,452 $ (30,233 ) $ 89,219
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, 2017, 2016 and 2015 consists of the following (in thousands): Intangible Goodwill Total Intangible 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 Acquisition of trade names 5,159 — 5,159 Acquisition of customer relationships 8,878 — 8,878 Acquisition of other intangible assets 50 — 50 Foreign currency translation adjustment (11,400 ) (3,900 ) (15,300 ) Amortization (6,161 ) — (6,161 ) Goodwill and Intangible Assets, December 31, 2016 75,018 14,201 89,219 Acquisition of goodwill — 434 434 Acquisition of trade names 1,134 — 1,134 Acquisition of customer relationships 563 — 563 Foreign currency translation adjustment 2,823 1,137 3,960 Amortization (6,831 ) — (6,831 ) Goodwill and Intangible Assets, December 31, 2017 $ 72,707 $ 15,772 $ 88,479
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, 2017 are as follows: Years Trade names 14 Licenses 33 Customer relationships 13 Other 12
Estimated Amortization Expense	Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands): Year ending December 31, 2018 $ 7,096 2019 7,096 2020 7,081 2021 6,604 2022 6,604

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Values of Derivative Financial Instruments Included in Condensed 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): December 31, Derivatives designated as hedging instruments Balance Sheet Location 2017 2016 Interest rate swaps Prepaid expenses $ 11 $ — Accrued expenses — 4 Deferred rent & — 3 December 31, Derivatives not designated as hedging instruments Balance Sheet Location 2017 2016 Foreign exchange contracts Prepaid expenses $ — $ 924 Accrued Expenses 1,951 —
Gains and Losses Related to Derivative Financial Instruments Designated as Hedging Instruments	The amounts of the gains and losses related to the Company’s derivative financial instruments designated as hedging instruments are recognized in other comprehensive income (loss) as follows (in thousands): Year ended Derivatives designated as hedging instruments 2017 2016 2015 Interest rate swaps $ 17 $ 17 $ (2 )
Gains and Losses Related to Derivative Financial Instruments Not Designated as Hedging Instruments	The amounts of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are recognized in earnings as follows (in thousands): Derivatives not designated as hedging instruments Location of Year Ended December 31, 2017 2016 2015 Foreign exchange contracts Selling, $ (2,592 ) $ 2,182 $ 272

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	12 Months Ended
	Dec. 31, 2017
Cash Dividends Declared	Dividends were declared in 2017 and 2016 as follows: Dividend per share Date declared Date of record Payment date $0.0425 March 3, 2016 May 2, 2016 May 16, 2016 $0.0425 June 9, 2016 August 1, 2016 August 15, 2016 $0.0425 August 4, 2016 November 1, 2016 November 15, 2016 $0.0425 November 3, 2016 February 1, 2017 February 15, 2017 $0.0425 March 8, 2017 May 1, 2017 May 15, 2017 $0.0425 June 22, 2017 August 1, 2017 August 15, 2017 $0.0425 August 4, 2017 November 1, 2017 November 15, 2017 $0.0425 November 7, 2017 February 1, 2018 February 15, 2018
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, 2017, is as follows: Options Weighted- Weighted- Aggregate 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 Grants 66,850 15.44 Exercises (272,325 ) 9.01 Cancellations (30,750 ) 15.39 Expirations (230,577 ) 27.16 Options outstanding at December 31, 2016 1,775,400 13.44 Grants 125,750 17.38 Exercises (300,000 ) 11.34 Cancellations (45,700 ) 16.40 Expirations (99,250 ) 20.40 Options outstanding at December 31, 2017 1,456,200 13.64 4.6 $ 5,019,000 Options exercisable at December 31, 2017 1,250,673 $ 13.05 4.0 $ 4,923,000
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: 2017 2016 2015 Historical volatility 39 % 39 % 39 % Expected term (years) 6.0 6.0 5.2 Risk-free interest rate 1.97 % 1.37 % 1.67 % Expected dividend yield 0.98 % 1.10 % 1.18 %
Summary of Restricted Stock Activity	A summary of the Company’s restricted stock activity and related information for the three years ended December 31, 2017 is as follows: Restricted Weighted- Non-vested 26,511 $ 15.86 Grants 100,073 14.78 Vested (24,649 ) 15.97 Cancellations (500 ) 14.84 Non-vested 101,435 14.77 Grants 109,170 15.64 Vested (46,306 ) 14.79 Cancellations (2,475 ) 14.93 Non-vested 161,824 15.35 Grants 133,352 18.32 Vested (69,795 ) 15.39 Cancellations (6,064 ) 16.07 Non-vested 219,317 $ 17.12 Total unrecognized compensation expense remaining $ 2,932,000 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 three years ended December 31, 2017 is as follows: Performance- awards (1) Weighted- Non-vested — $ — Grants 66,650 14.84 Cancellations (500 ) 14.84 Non-vested 66,150 14.84 Grants 82,000 15.69 Cancellations (2,188 ) 14.94 Non-vested 145,962 15.32 Grants 87,000 18.45 Cancellations (4,070 ) 16.52 Non-vested 228,892 $ 16.49 Total unrecognized compensation expense remaining $ 1,727,000 Weighted-average years expected to be recognized over 1.7 (1) Represents the target number of shares to be issued for each performance-based award.

INCOME PER COMMON SHARE (Tables

INCOME PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016 and 2015, are as follows: 2017 2016 2015 (in thousands - except per share amounts) Net income – Basic and Diluted $ 2,154 $ 15,720 $ 12,278 Weighted-average shares outstanding – Basic 14,505 14,174 13,850 Effect of dilutive securities: Stock options and other stock awards 450 375 416 Weighted-average shares outstanding – Diluted 14,955 14,549 14,266 Basic income per common share $ 0.15 $ 1.11 $ 0.89 Diluted income per common share $ 0.14 $ 1.08 $ 0.86

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 2016 2015 (in thousands) Domestic $ 17,728 $ 22,114 $ 22,096 Foreign (6,949 ) (112 ) (3,765 ) Total income before income taxes and equity in earnings $ 10,779 $ 22,002 $ 18,331
Provision for Income Taxes	The provision for income taxes (before equity in earnings) consists of: Year Ended December 31, 2017 2016 2015 (in thousands) Current: Federal $ 7,041 $ 8,000 $ 5,584 State and local 957 498 1,879 Foreign 4 483 604 Deferred 1,030 (1,951 ) (1,440 ) Income tax provision $ 9,032 $ 7,030 $ 6,627
Significant Components of Deferred Income Tax Assets	Significant components of the Company’s deferred income tax assets are as follows: December 31, 2017 2016 (in thousands) Deferred income tax assets: Deferred rent expense $ 2,212 $ 3,706 Stock options 2,903 4,593 Inventory 970 1,190 Operating loss carry-forward 4,114 2,568 Accounts receivable allowances 264 463 Accrued compensation 623 944 Depreciation and amortization 247 — Other 1,882 2,784 Total deferred income tax assets $ 13,215 $ 16,248
Significant Components of Net Deferred Income Tax Asset (Liability)	Significant components of the Company’s net deferred income tax asset (liability) are as follows: December 31, 2017 2016 (in thousands) Deferred income tax liabilities: Depreciation and amortization $ — $ (1,268 ) Intangibles (8,732 ) (9,815 ) Equity in earnings (56 ) 24 Total deferred income tax liabilities (8,788 ) (11,059 ) Net deferred income tax asset 4,427 5,189 Valuation allowance (3,024 ) (2,396 ) Net deferred income tax asset $ 1,403 $ 2,793
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, 2017 2016 2015 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 5.9 3.6 5.3 Foreign rate differences 8.0 (7.9 ) (8.6 ) Non-deductible 3.7 3.4 5.5 Tax Act- 27.7 — — Tax Act- 3.1 — — Other 0.4 (2.1 ) (1.0 ) Provision for income taxes 83.8 % 32.0 % 36.2 %
Estimated Values of Gross Uncertain Tax Positions	The estimated values of the Company’s gross uncertain tax positions at December 31, 2017, 2016, and 2015 are liabilities of $161,000, $109,000 and $157,000, respectively, and consist of the following: Year Ended December 31, 2017 2016 2015 (in thousands) Balance at January 1 $ (109 ) $ (157 ) $ (572 ) Additions based on tax positions related to the current year (82 ) — (15 ) Reduction for tax positions of prior years 30 — — Settlements — 48 430 Balance at December 31 $ (161 ) $ (109 ) $ (157 )

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 2016 2015 (in thousands) Net sales: U.S. Wholesale $ 462,588 $ 470,981 $ 458,593 International 97,757 101,070 108,000 Retail Direct 19,131 20,568 21,077 Total net sales $ 579,476 $ 592,619 $ 587,670 Income from operations: U.S. Wholesale (1) $ 39,764 $ 39,745 $ 41,343 International (2) (6,984 ) 3,052 (1,600 ) Retail Direct (423 ) 770 (596 ) Unallocated corporate expenses (17,177 ) (16,490 ) (14,916 ) Total income from operations $ 15,180 $ 27,077 $ 24,231 Depreciation and amortization: U.S. Wholesale (3) $ 9,851 $ 10,095 $ 8,784 International 4,185 3,917 5,272 Retail Direct 153 136 147 Total depreciation and amortization $ 14,189 $ 14,148 $ 14,203 Capital expenditures: U.S. Wholesale $ 3,899 $ 2,767 $ 4,087 International 2,135 424 1,004 Retail Direct 277 189 75 Total capital expenditures $ 6,311 $ 3,380 $ 5,166 (1) In 2016 and 2015, income from operations for the U.S. Wholesale segment includes $2.4 million and $0.4 million, respectively, of restructuring expenses related to the U.S. Wholesale restructuring plan as described in Note A. The 2016 period also includes a $1.2 million charge to correct prior years’ depreciation of certain assets within the U.S. Wholesale segment. (2) 2017 income from operations for the International segment includes $1.0 million of restructuring expenses related to the integration of entities in Europe. 2015 income from operations for the International segment includes a $1.0 million net charge related to the change in certain contingent consideration accruals. (3) The 2016 period includes a $1.2 million charge to correct prior years’ depreciation of certain assets within the U.S. Wholesale segment. Year Ended December 31, 2017 2016 (in thousands) Assets: U.S. Wholesale $ 281,398 $ 287,313 International 105,984 95,698 Retail Direct 613 501 Unallocated/ corporate/ other 13,526 16,342 Total assets $ 401,521 $ 399,854 Year Ended December 31, 2017 2016 (in thousands) Goodwill: U.S. Wholesale Beginning balance $ 2,412 $ 2,412 Acquisition activity 434 — Ending balance 2,846 2,412 International Beginning balance 11,789 15,689 Foreign currency translation adjustment 1,137 (3,900 ) Ending balance 12,926 11,789 Total goodwill (1) $ 15,772 $ 14,201 (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, 2017 2016 2015 (in thousands) Net sales: United States $ 460,788 $ 472,962 $ 462,234 United Kingdom 74,834 74,991 81,347 Rest of World 43,854 44,666 44,089 Total $ 579,476 $ 592,619 $ 587,670 December 31, 2017 2016 (in thousands) Long-lived assets, excluding intangible assets, at period-end: United States $ 45,285 $ 43,431 United Kingdom 2,779 1,186 Rest of World 729 1,112 Total $ 48,793 $ 45,729
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, 2017 2016 2015 Category: (in thousands) Kitchenware $ 276,574 $ 286,815 $ 295,592 Tableware 134,034 135,901 125,445 Home Solutions 51,980 48,265 37,556 Total $ 462,588 $ 470,981 $ 458,593 The following table sets forth net sales by major product categories included within the Company’s International operating segment: Year Ended December 31, 2017 2016 2015 (in thousands) Category: Kitchenware $ 59,686 $ 59,742 $ 61,291 Tableware 38,071 41,328 46,709 Total $ 97,757 $ 101,070 $ 108,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2017
Future Minimum Payments Under Non Cancelable Operating Leases	Future minimum payments under non-cancelable Year Ending December 31, 2018 $ 16,800 2019 14,866 2020 14,038 2021 13,055 2022 13,481 Thereafter 76,538 Total $ 148,778
Future Minimum Royalties Payable	sales of licensed products which expire through 2023. Future minimum royalties payable under these agreements are as follows (in thousands): Year ending December 31, 2018 $ 6,047 2019 292 2020 218 2021 222 2022 226 Thereafter 156 Total $ 7,161

RETIREMENT PLANS (Tables)

RETIREMENT PLANS (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2018 $ 422 2019 407 2020 392 2021 393 2022 435 2023 through 2027 1,944

OTHER (Tables)

OTHER (Tables)	12 Months Ended
	Dec. 31, 2017
Components of Inventory	The components of inventory are as follows: December 31, 2017 2016 (in thousands) Finished goods $ 129,611 $ 132,564 Work in process 1,548 1,521 Raw materials 1,277 1,127 Total $ 132,436 $ 135,212
Property and Equipment	Property and equipment consist of: December 31, 2017 2016 (in thousands) Machinery, furniture and equipment $ 91,282 $ 89,545 Leasehold improvements 32,591 30,019 Building and improvements 787 1,622 Construction in progress 3,122 2,639 Land 100 100 127,882 123,925 Less: accumulated depreciation and amortization (104,817 ) (102,794 ) Total $ 23,065 $ 21,131
Accrued Expenses	Accrued expenses consist of: December 31, 2017 2016 (in thousands) Customer allowances and rebates $ 11,662 $ 10,787 Compensation and benefits 9,613 13,616 Interest 191 185 Vendor invoices 4,027 5,415 Royalties 1,744 2,095 Commissions 786 947 Freight 4,002 1,684 Professional fees 3,160 1,464 VAT 1,176 648 Contingent consideration related to acquisitions — 738 HSBC collection receipts (1) — 3,335 Foreign exchange contracts 1,951 — Other 5,809 4,298 Total $ 44,121 $ 45,212 (1) Collections received on behalf of HSBC in connection with the Receivable Purchase Agreement.
Deferred Rent Other Long Term Liabilities	Deferred rent & other long-term liabilities consist of: December 31, 2017 2016 (in thousands) Deferred rent liability $ 13,399 $ 12,213 Retirement benefit obligations 6,829 6,629 Capital lease obligations 21 128 Derivative liability — 3 Total $ 20,249 $ 18,973
Supplemental Cash Flow Information	Supplemental cash flow information Year Ended December 31, 2017 2016 2015 (in thousands) Supplemental disclosure of cash flow information: Cash paid for interest $ 3,791 $ 4,171 $ 4,909 Cash paid for taxes 12,936 6,384 8,963 Non-cash Translation adjustment $ 7,823 $ (23,061 ) $ (5,281 )
Components of Accumulated Other Comprehensive Loss, Net	Components of accumulated other comprehensive loss, net Year Ended December 31, 2017 2016 2015 (in thousands) Accumulated translation adjustment: Balance at beginning of year $ (35,644 ) $ (12,961 ) $ (7,680 ) Translation adjustment during period 7,823 (23,061 ) (5,281 ) Amounts reclassified from accumulated other comprehensive loss: (1) Currency translation adjustment — 378 — Balance at end of year $ (27,821 ) $ (35,644 ) $ (12,961 ) Accumulated deferred gains (losses) on cash flow hedges: Balance at beginning of year $ (3 ) $ (20 ) $ (18 ) Derivative fair value adjustment, net of tax 17 17 (2 ) Balance at end of year (2) $ 14 $ (3 ) $ (20 ) Accumulated effect of retirement benefit obligations: Balance at beginning of year $ (1,352 ) $ (1,204 ) $ (2,224 ) Net gain (loss) arising from retirement benefit obligations, net of tax (228 ) (202 ) 941 Amounts reclassified from accumulated other comprehensive loss: Amortization of loss, net of tax (3) 62 54 79 Balance at end of year $ (1,518 ) $ (1,352 ) $ (1,204 ) (1) Amount is recorded in equity in earnings (losses) 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. (3) Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.

Significant Accounting Polici36

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule Of Significant Accounting Policies [Line Items]
Foreign currency gain/loss	$ (3,000)	$ 4,200	$ (714)
Shipping and handling revenue	2,300	2,600	2,400
Freight-out expenses	11,500	11,000	11,300
Depreciation charge	6,600	8,000	7,200
Advertising expenses	3,400	3,700	3,900
Restructuring expenses	1,024	2,420	$ 437
Retained earnings	60,546	60,981
Accounting Standards Update 2016-09
Schedule Of Significant Accounting Policies [Line Items]
Retained earnings	(46)
Employee severance
Schedule Of Significant Accounting Policies [Line Items]
Restructuring expenses		700
Consulting expense
Schedule Of Significant Accounting Policies [Line Items]
Restructuring expenses		1,600
Severance and consulting expenses
Schedule Of Significant Accounting Policies [Line Items]
Restructuring Reserve	$ 0	$ 525
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	15.00%	16.00%	16.00%
Costco Wholesale Corporation | Net sales | Credit Concentration Risk
Schedule Of Significant Accounting Policies [Line Items]
Percentage of net sales		10.00%
Depreciation Adjustment
Schedule Of Significant Accounting Policies [Line Items]
Depreciation charge		$ 1,200
Building and Improvements | 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) - USD ($) $ in Thousands	Aug. 31, 2017	Oct. 31, 2016	Sep. 30, 2016	Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Goodwill				$ 15,772	[1]	$ 14,201	[1]	$ 18,101	$ 18,101
Fitz and Floyd Business
Business Acquisition [Line Items]
Business acquisition cash paid	$ 9,100
Net sales				$ 7,700
Goodwill and other intangibles	2,131
Goodwill	400
Inventory	5,424
Fitz and Floyd Business | Customer Relationships and Trade Names
Business Acquisition [Line Items]
Estimated fair value of intangible assets acquired	$ 1,700
Amco Houseworks, Chicago Metallic and Swing-A-Way kitchenware and bakeware brands
Business Acquisition [Line Items]
Business acquisition cash paid			$ 8,800
Inventory			3,500
Amco Houseworks, Chicago Metallic and Swing-A-Way kitchenware and bakeware brands | Customer Relationships and Trade Names
Business Acquisition [Line Items]
Estimated fair value of intangible assets acquired			$ 5,300
Intangible assets acquired, estimated useful life			15 years
Focus Products Group International, LLC
Business Acquisition [Line Items]
Net sales						3,600
Copco Product Line
Business Acquisition [Line Items]
Business acquisition cash paid		$ 12,300
Net sales						3,900
Inventory						3,900
Copco Product Line | Customer Relationships
Business Acquisition [Line Items]
Estimated fair value of intangible assets acquired						$ 8,400
Intangible assets acquired, estimated useful life						15 years
Copco Product Line | Trade Names
Business Acquisition [Line Items]
Intangible assets acquired, estimated useful life						10 years
[1]	No goodwill is allocated to the Company's Retail Direct reportable segment.

Summary of Purchase Price Alloc

Summary of Purchase Price Allocated Based on Estimated Fair Value of Assets and Liabilities (Detail) - Fitz and Floyd Business $ in Thousands	Aug. 31, 2017USD ($)
Business Acquisition [Line Items]
Accounts Receivable	$ 3,115
Inventory	5,424
Other assets	458
Other liabilities	(2,056)
Goodwill and other intangibles	2,131
Total allocated value	$ 9,072

Sale of Accounts Receivable - A

Sale of Accounts Receivable - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Restricted cash		$ 3,300,000
Receivables purchase agreement
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables purchase agreement - description of arrangements	The term of the agreement is for 364 days and shall automatically be extended for annual successive terms unless terminated. Either party may terminate the agreement at any time upon sixty days' prior written notice to the other party.
Agreement period	364 days
Agreement period, extension term		Automatically be extended for annual successive terms unless terminated
Agreement termination, written notice period	60 days
Sale of receivables	$ 90,200,000	$ 44,300,000
Receivables purchase agreement | Selling, general and administrative expenses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge related to sale of receivables	$ 328,000,000	131,000,000
Receivables purchase agreement | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables purchase agreement - maximum borrowing		$ 25,000,000

Equity Investments - Additional

Equity Investments - Additional Information (Detail) R$ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)$ / $	Dec. 31, 2016USD ($)$ / $	Dec. 31, 2016BRL (R$)$ / $	Dec. 31, 2015USD ($)$ / $	Feb. 09, 2012USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in earnings (losses), net of taxes	$ 407,000	$ 748,000		$ 574,000
Currency translation losses recognized upon the sales of equity interest		(378,000)
GS Internacional S/A
Schedule of Equity Method Investments [Line Items]
Carrying value of investment		$ 0
Equity interest, percentage sold		40.00%	40.00%
Currency translation losses recognized upon the sales of equity interest		$ 378,000
Sales proceeds from disposal of equity method investment		567,000	R$ 2.3
Gain on disposal of equity method investment		$ 189,000
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 | $ / $	19.68	20.70
Increase (Decrease) in equity method investment	$ 1,000,000	$ (3,200,000)		(4,900,000)
Cash dividend received	28,000	205,000		226,000
Equity in earnings (losses), net of taxes	400,000	600,000		600,000
Equity in earnings, deferred taxes	200,000	(500,000)		$ (1,300,000)
Fair value of investment	31,800,000
Carrying value of investment	23,800,000
Grupo Vasconia S.A.B. | Prepaid expenses and other current assets
Schedule of Equity Method Investments [Line Items]
Due from related party	64,000	83,000
Grupo Vasconia S.A.B. | Accounts payable and accrued expenses
Schedule of Equity Method Investments [Line Items]
Due to related party	$ 0	$ 220,000
Grupo Vasconia S.A.B. | Transaction 02 | Minimum
Schedule of Equity Method Investments [Line Items]
Average daily exchange rate for period - MXN to USD | $ / $	17.81	18.02	18.02	14.94
Grupo Vasconia S.A.B. | Transaction 02 | Maximum
Schedule of Equity Method Investments [Line Items]
Average daily exchange rate for period - MXN to USD | $ / $	20.30	19.85	19.85	16.76
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	$ (8,000)	$ (11,000)		$ (20,000)
Carrying value of investment	$ 228,000	$ 256,000
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. $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2017MXN ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016MXN ($)	Dec. 31, 2015USD ($)	Dec. 31, 2015MXN ($)
Schedule of Equity Method Investments [Line Items]
Net sales	$ 167,283	$ 3,157,671	$ 149,533	$ 2,795,009	$ 178,832	$ 2,824,399
Gross profit	34,626	655,186	27,205	510,617	33,982	534,285
Income from operations	10,475	199,170	5,611	105,334	10,551	165,507
Net income	$ 1,164	$ 23,983	$ 3,491	$ 68,230	$ 7,353	$ 117,194

Summarized Balance Sheet Inform

Summarized Balance Sheet Information for Vasconia in USD and MXN (Detail) - Grupo Vasconia S.A.B. $ in Thousands, $ in Thousands	Dec. 31, 2017USD ($)	Dec. 31, 2017MXN ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016MXN ($)
Schedule of Equity Method Investments [Line Items]
Current assets	$ 91,157	$ 1,793,832	$ 81,509	$ 1,687,396
Non-current assets	87,900	1,729,745	83,890	1,736,681
Current liabilities	50,766	998,993	31,303	648,028
Non-current liabilities	$ 39,147	$ 770,352	$ 49,408	$ 1,022,842

Components of Intangible Assets

Components of Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Intangible Assets Disclosure [Line Items]
Goodwill, Gross	$ 15,772		$ 14,201
Goodwill, Accumulated Amortization	0		0
Goodwill, Net	15,772	[1]	14,201	[1]		$ 18,101	$ 18,101
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)	126,729		119,452
Finite-Lived Intangible Assets, Accumulated Amortization	(38,250)		(30,233)
Intangible Assets, Net (Including Goodwill)	88,479		89,219		$ 96,593	$ 103,597
License
Schedule of Intangible Assets Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross	15,847		15,847
Finite-Lived Intangible Assets, Accumulated Amortization	(9,375)		(8,919)
Finite-Lived Intangible Assets, Net	6,472		6,928
Trade Names
Schedule of Intangible Assets Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross	33,368		31,150
Finite-Lived Intangible Assets, Accumulated Amortization	(11,109)		(8,286)
Finite-Lived Intangible Assets, Net	22,259		22,864
Customer Relationships
Schedule of Intangible Assets Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross	52,961		49,372
Finite-Lived Intangible Assets, Accumulated Amortization	(16,966)		(12,188)
Finite-Lived Intangible Assets, Net	35,995		37,184
Other
Schedule of Intangible Assets Disclosure [Line Items]
Finite-Lived Intangible Assets, Gross	1,165		1,266
Finite-Lived Intangible Assets, Accumulated Amortization	(800)		(840)
Finite-Lived Intangible Assets, Net	$ 365		$ 426
[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, 2017		Dec. 31, 2016	Dec. 31, 2015
Intangible Assets
Intangible Assets, Beginning Balance		$ 75,018		$ 78,492	$ 85,496
Foreign currency translation adjustment		(2,823)		(11,400)
Amortization		(6,831)		(6,161)	(7,004)
Intangible Assets, Ending Balance		72,707		75,018	78,492
Goodwill
Beginning balance		14,201	[1]		18,101
Acquisition of goodwill		434
Foreign currency translation adjustment		1,137		(3,900)
Ending balance	[1]	15,772		14,201
Goodwill and Intangible Assets
Goodwill and intangible assets, Beginning Balance		89,219		96,593	103,597
Acquisition of goodwill		434
Foreign currency translation adjustment				(15,300)
Amortization		(6,831)		(6,161)	(7,004)
Goodwill and Intangible Assets, Ending Balance		88,479		89,219	$ 96,593
Trade Names
Intangible Assets
Acquisition of Intangible Assets		1,134		5,159
Goodwill and Intangible Assets
Acquisition of customer relationships		1,134		5,159
Customer Relationships
Intangible Assets
Acquisition of Intangible Assets		563		8,878
Goodwill and Intangible Assets
Acquisition of customer relationships		563		8,878
Other
Intangible Assets
Acquisition of Intangible Assets				50
Goodwill and Intangible Assets
Acquisition of customer relationships				$ 50
Foreign currency translation adjustment		$ 3,960
[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, 2017
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	12 years

Estimated Amortization Expense

Estimated Amortization Expense (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Schedule Of Estimated Future Amortization Expense [Line Items]
2,018	$ 7,096
2,019	7,096
2,020	7,081
2,021	6,604
2,022	$ 6,604

Goodwill And Intangible Asset47

Goodwill And Intangible Assets - Additional Information (Detail) - USD ($)	Oct. 01, 2016	Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015	Oct. 01, 2017	Dec. 31, 2014	Dec. 31, 2013
Schedule of Intangible Assets Disclosure [Line Items]
Amortization expenses		$ 6,831,000		$ 6,161,000		$ 7,004,000
Goodwill		$ 15,772,000	[1]	$ 14,201,000	[1]			$ 18,101,000	$ 18,101,000
Creative Tops
Schedule of Intangible Assets Disclosure [Line Items]
Goodwill	$ 2,100,000
Goodwill, percentage of fair value less than the carrying value	3.00%
Goodwill impairment charges	$ 0
Thomas Plant
Schedule of Intangible Assets Disclosure [Line Items]
Goodwill	$ 9,700,000
Goodwill, percentage of fair value less than the carrying value	3.00%
Fair Value, Inputs, Level 3 | Trade Names | Minimum
Schedule of Intangible Assets Disclosure [Line Items]
Indefinite-lived intangible assets impairment, discount rate							16.90%
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							17.70%
Indefinite-lived intangible assets impairment, growth rate							3.00%
[1]	No goodwill is allocated to the Company's Retail Direct reportable segment.

Debt - Additional Information (

Debt - Additional Information (Detail)	Apr. 01, 2017USD ($)	Aug. 09, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2017CNY (¥)	Dec. 31, 2016CNY (¥)	Apr. 01, 2016USD ($)
Second Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Credit facility, maturity date			2019-01
Term Loan
Debt Instrument [Line Items]
Outstanding borrowing under credit facility			$ 0	$ 9,500,000
Unamortized debt issuance costs			0	157,000
Prepayment of term loan							$ 15,200,000
Repayment of term loan	$ 7,000,000
Write off of debt issuance cost			100,000	300,000
Minimum availability under revolving credit to maintain minimum fixed charge ratio for four consecutive months			17,500,000
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			175,000,000
Outstanding borrowing under credit facility			94,700,000	86,200,000
Open letters of credit			3,200,000	2,400,000
Availability under revolving credit facility			$ 58,000,000	76,500,000
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 the 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 | Multi-currency Borrowings
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			$ 40,000,000
Revolving Credit Facility | Term Loan
Debt Instrument [Line Items]
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.
Revolving Credit Facility | Term Loan | For each of four consecutive fiscal quarter periods
Debt Instrument [Line Items]
Fixed charge coverage ratio minimum			120.00%		120.00%
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Interest rates on outstanding borrowings			2.50%		2.50%
Percentage of line of credit facility unused capacity commitment fee			0.375%
Revolving Credit Facility | Minimum | Term Loan
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 | Maximum
Debt Instrument [Line Items]
Interest rates on outstanding borrowings			5.50%		5.50%
Revolving Credit Facility | Maximum | After Amendment
Debt Instrument [Line Items]
Non-recurring charges		$ 5,000,000
Revolving Credit Facility | Maximum | Prior to Amendment
Debt Instrument [Line Items]
Non-recurring charges		$ 2,000,000
Other than certain subordinated indebtedness
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			$ 58,000,000
HSBC Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			2,800,000		¥ 18,000,000
Outstanding borrowing under credit facility			$ 69,000	$ 113,000	¥ 500,000	¥ 800,000
Interest rates on outstanding borrowings			5.00%		5.00%

Derivatives - Additional Inform

Derivatives - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)
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]
Accumulated other comprehensive loss expected to be reclassified to income	$ 0
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Contract
Derivative [Line Items]
Notional amount	5,300,000
Not Designated as Hedging Instrument | Foreign exchange contract
Derivative [Line Items]
Notional amount	$ 34,900,000

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, 2017	Dec. 31, 2016
Designated as Hedging Instrument | Interest Rate Contract | Deferred rent & other long-term liabilities
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Liabilities		$ 3
Designated as Hedging Instrument | Interest Rate Contract | Accrued expenses
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Liabilities		4
Designated as Hedging Instrument | Interest Rate Contract | Prepaid expenses
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Liabilities	$ 11
Not Designated as Hedging Instrument | Foreign exchange contract | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Assets		$ 924
Not Designated as Hedging Instrument | Foreign exchange contract | Accrued expenses
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Assets	$ 1,951

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, 2017	Dec. 31, 2016	Dec. 31, 2015
Designated as Hedging Instrument | Interest Rate Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in OCI	$ 17	$ 17	$ (2)

Gains and Losses Related to D52

Gains and Losses Related to Derivative Financial Instruments Not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
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	$ (2,592)	$ 2,182	$ 272

Cash Dividends Declared (Detail

Cash Dividends Declared (Detail)	12 Months Ended
	Dec. 31, 2017$ / shares
Dividend Payment 1st
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Mar. 3, 2016
Date of record	May 2, 2016
Payment date	May 16, 2016
Dividend Payment 2nd
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Jun. 9, 2016
Date of record	Aug. 1, 2016
Payment date	Aug. 15, 2016
Dividend Payment 3rd
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Aug. 4, 2016
Date of record	Nov. 1, 2016
Payment date	Nov. 15, 2016
Dividend Payment 4th
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Nov. 3, 2016
Date of record	Feb. 1, 2017
Payment date	Feb. 15, 2017
Dividend Payment 5th
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Mar. 8, 2017
Date of record	May 1, 2017
Payment date	May 15, 2017
Dividend Payment 6th
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Jun. 22, 2017
Date of record	Aug. 1, 2017
Payment date	Aug. 15, 2017
Dividend Payment 7th
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Aug. 4, 2017
Date of record	Nov. 1, 2017
Payment date	Nov. 15, 2017
Dividend Payment 8th
Dividends Payable [Line Items]
Dividend per share	$ 0.0425
Date declared	Nov. 7, 2017
Date of record	Feb. 1, 2018
Payment date	Feb. 15, 2018

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($)		Mar. 08, 2018	Mar. 07, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	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 (in shares)					0	0	0
Total intrinsic value of stock options exercised					$ 2,071,000	$ 1,848,000	$ 639,000
Unrecognized stock option compensation cost					$ 1,000,000
Weighted-average per share grant date fair value of stock options granted					$ 6.37	$ 5.43	$ 4.68
Stock compensation expense					$ 3,390,000	$ 2,942,000	$ 5,286,000
Stock compensation expense, stock option					1,100,000	1,400,000	2,200,000
Stock compensation expense, Performance based and restricted share					$ 2,300,000	1,500,000	800,000
Stock compensation expense, stock awards granted						$ 32,000	$ 2,200,000
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					619,369
Share based compensation arrangement by share based payment award, number of shares available for grant increase (decrease)				437,500
Long Term Incentive Plan 2000 | After Amendment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant					5,287,500
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average recognition period					2 years 1 month 6 days
Stock Options | Minimum | Long Term Incentive Plan 2000
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiration period					5 years
Stock Options | Maximum | Long Term Incentive Plan 2000
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiration period					10 years
Vesting period					4 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					$ 1,300,000
Number of shares vested					69,795	46,306	24,649
Restricted Stock | Maximum | Long Term Incentive Plan 2000
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	[1]				1 year 8 months 12 days
Number of shares range 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
Performance Shares | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested			58,888
Dividend Declared | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend declaration date		Mar. 8, 2018
Quarterly dividend declared		$ 0.0425
Dividend payable date		May 15, 2018
Dividend declared, date of record		May 1, 2018
[1]	Represents the target number of shares to be issued for each performance-based award.

Summary of Stock Option (Detail

Summary of Stock Option (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Options
Beginning balance	1,775,400	2,242,202	2,326,627
Grants	125,750	66,850	89,600
Exercises	(300,000)	(272,325)	(110,375)
Cancellations	(45,700)	(30,750)	(37,750)
Expirations	(99,250)	(230,577)	(25,900)
Ending balance	1,456,200	1,775,400	2,242,202
Options exercisable at End of Period	1,250,673
Weighted-average exercise price
Beginning balance	$ 13.44	$ 14.28	$ 14.19
Grants	17.38	15.44	13.99
Exercises	11.34	9.01	8.84
Cancellations	16.40	15.39	15.57
Expirations	20.40	27.16	26.60
Ending balance	13.64	$ 13.44	$ 14.28
Options exercisable at End of Period	$ 13.05
Weighted-average remaining contractual life (years)
Options outstanding, Ending balance	4 years 7 months 6 days
Options exercisable, Ending balance	4 years
Aggregate intrinsic value
Options outstanding, end of period	$ 5,019,000
Options exercisable, end of period	$ 4,923,000

Fair Value Stock Options at Gra

Fair Value Stock Options at Grant Date using Weighted-Average Assumption (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions And Weighted Average Fair Values [Line Items]
Historical volatility	39.00%	39.00%	39.00%
Expected term (years)	6 years	6 years	5 years 2 months 12 days
Risk-free interest rate	1.97%	1.37%	1.67%
Expected dividend yield	0.98%	1.10%	1.18%

Summary of Restricted Stock Act

Summary of Restricted Stock Activity (Detail) - Restricted Stock - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense remaining	$ 2,932,000
Number of shares
Beginning balance	161,824	101,435	26,511
Grants	133,352	109,170	100,073
Vested	(69,795)	(46,306)	(24,649)
Cancellations	(6,064)	(2,475)	(500)
Ending balance	219,317	161,824	101,435
Weighted-average years expected to be recognized over	2 years 7 months 6 days
Weighted- average grant date fair value
Grants	$ 18.32	$ 15.64	$ 14.78
Vested	15.39	14.79	15.97
Cancellations	16.07	14.93	14.84
Ending balance	$ 17.12	15.35	14.77
Total unrecognized compensation expense remaining	$ 2,932,000
Weighted-average years expected to be recognized over	2 years 7 months 6 days
Beginning balance	$ 15.35	$ 14.77	$ 15.86

Summary of Performance-based Aw

Summary of Performance-based Award Activity (Detail) - Performance Shares - USD ($)		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Number of shares
Beginning balance	[1]	145,962	66,150
Grants	[1]	87,000	82,000	66,650
Cancellations	[1]	(4,070)	(2,188)	(500)
Ending balance	[1]	228,892	145,962	66,150
Total unrecognized compensation expense remaining	[1]	$ 1,727,000
Weighted-average grant date fair value
Beginning balance		$ 15.32	$ 14.84
Grants		18.45	15.69	$ 14.84
Cancellations		16.52	14.94	14.84
Ending balance		$ 16.49	$ 15.32	$ 14.84
Weighted-average years expected to be recognized over	[1]	1 year 8 months 12 days
[1]	Represents the target number of shares to be issued for each performance-based award.

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, 2017	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share Disclosure [Line Items]
Net income - Basic and Diluted	$ 2,154	$ 15,720	$ 12,278
Weighted-average shares outstanding - Basic	14,505	14,174	13,850
Effect of dilutive securities:
Stock options and other stock awards	450	375	416
Weighted-average shares outstanding - Diluted	14,955	14,549	14,266
Basic income per common share	$ 0.15	$ 1.11	$ 0.89
Diluted income per common share	$ 0.14	$ 1.08	$ 0.86

Income Per Common Share - Addit

Income Per Common Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Stock Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Diluted Income Per Common Share	1,190,261	1,335,113	1,467,857

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, 2017	Dec. 31, 2016	Dec. 31, 2015
Components Of Earnings Loss Before Income Taxes [Line Items]
Domestic	$ 17,728	$ 22,114	$ 22,096
Foreign	(6,949)	(112)	(3,765)
Total income before income taxes and equity in earnings	$ 10,779	$ 22,002	$ 18,331

Provision for Income Taxes (Bef

Provision for Income Taxes (Before Equity in Earnings) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 7,041	$ 8,000	$ 5,584
State and local	957	498	1,879
Foreign	4	483	604
Deferred	1,030	(1,951)	(1,440)
Income tax provision	$ 9,032	$ 7,030	$ 6,627

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Examination [Line Items]
Corporate income tax rate		35.00%	35.00%	35.00%
Estimated tax expense for one-time transition tax of Tax Act		$ 338,000
Provisional benefit related to net change in deferred tax liabilities due to reduction in tax rate		3,000,000
Net operating loss carryforward		161,000	$ 109,000,000	$ 157,000,000
Income tax examination net of federal and state tax benefit, accrued interest		24,000	$ 29,000
Reduction in income tax liability if tax positions sustained		182,000
Change in unrecognized tax benefits reasonably possible		$ 32,000
Income tax examination years description		The Company is no longer subject to U.S. Federal income tax examinations for the years prior to 2014.
State Jurisdiction
Income Tax Examination [Line Items]
Net operating loss carryforward		$ 13,000,000
Net operating loss carryforward expiration		2,026
State Jurisdiction | Minimum
Income Tax Examination [Line Items]
Income tax examination year		2,013
State Jurisdiction | Maximum
Income Tax Examination [Line Items]
Income tax examination year		2,016
Foreign
Income Tax Examination [Line Items]
Net operating loss carryforward		$ 10,600,000
Net operating loss carryforward expiration		2,020
Scenario Plan
Income Tax Examination [Line Items]
Corporate income tax rate	21.00%

Significant Components of Defer

Significant Components of Deferred Income Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred income tax assets:
Deferred rent expense	$ 2,212	$ 3,706
Stock options	2,903	4,593
Inventory	970	1,190
Operating loss carry-forward	4,114	2,568
Accounts receivable allowances	264	463
Accrued compensation	623	944
Depreciation and amortization	247
Other	1,882	2,784
Total deferred income tax assets	$ 13,215	$ 16,248

Significant Components of Net D

Significant Components of Net Deferred Income Tax Asset (Liability) (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred income tax liabilities:
Depreciation and amortization		$ (1,268)
Intangibles	$ (8,732)	(9,815)
Equity in earnings	(56)	24
Total deferred income tax liabilities	(8,788)	(11,059)
Net deferred income tax asset	4,427	5,189
Valuation allowance	(3,024)	(2,396)
Net deferred income tax asset	$ 1,403	$ 2,793

Difference between Provision fo

Difference between Provision for Income Taxes and Amount Computed by Applying Federal Statutory Rates (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
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	5.90%	3.60%	5.30%
Foreign rate differences	8.00%	(7.90%)	(8.60%)
Non-deductible expenses	3.70%	3.40%	5.50%
Tax Act- revaluation of net deferred tax assets	27.70%
Tax Act- transition tax	3.10%
Other	0.40%	(2.10%)	(1.00%)
Provision for income taxes	83.80%	32.00%	36.20%

Estimated Values of Gross Uncer

Estimated Values of Gross Uncertain Tax Positions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Balance at January 1	$ (109)	$ (157)	$ (572)
Additions based on tax positions related to the current year	(82)		(15)
Reduction for tax positions of prior years	30
Settlements		48	430
Balance at December 31	$ (161)	$ (109)	$ (157)

Business Segments - Additional

Business Segments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017Segment
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, 2017		Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net sales		$ 579,476		$ 592,619	$ 587,670
Depreciation and amortization		14,189		14,148	14,203
Income from operations		15,180		27,077	24,231
Capital expenditures		6,311		3,380	5,166
Assets		401,521		399,854
Beginning balance		14,201	[1]		18,101
Acquisition activity		434
Foreign currency translation adjustment		(1,137)		3,900
Ending balance	[1]	15,772		14,201
Unallocated corporate expenses
Segment Reporting Information [Line Items]
Income from operations		(17,177)		(16,490)	(14,916)
Assets		13,526		16,342
U.S. Wholesale
Segment Reporting Information [Line Items]
Net sales		462,588		470,981	458,593
Depreciation and amortization	[2]	9,851		10,095	8,784
Capital expenditures		3,899		2,767	4,087
Beginning balance		2,412		2,412
Acquisition activity		434
Ending balance		2,846		2,412	2,412
U.S. Wholesale | Operating Segments
Segment Reporting Information [Line Items]
Income from operations	[3]	39,764		39,745	41,343
Assets		281,398		287,313
International
Segment Reporting Information [Line Items]
Net sales		97,757		101,070	108,000
Depreciation and amortization		4,185		3,917	5,272
Capital expenditures		2,135		424	1,004
Beginning balance		11,789		15,689
Foreign currency translation adjustment		1,137		(3,900)
Ending balance		12,926		11,789	15,689
International | Operating Segments
Segment Reporting Information [Line Items]
Income from operations	[4]	(6,984)		3,052	(1,600)
Assets		105,984		95,698
Retail Direct
Segment Reporting Information [Line Items]
Net sales		19,131		20,568	21,077
Depreciation and amortization		153		136	147
Capital expenditures		277		189	75
Retail Direct | Operating Segments
Segment Reporting Information [Line Items]
Income from operations		(423)		770	$ (596)
Assets		$ 613		$ 501
[1]	No goodwill is allocated to the Company's Retail Direct reportable segment.
[2]	The 2016 period includes a $1.2 million charge to correct prior years' depreciation of certain assets within the U.S. Wholesale segment.
[3]	In 2016 and 2015, income from operations for the U.S. Wholesale segment includes $2.4 million and $0.4 million, respectively, of restructuring expenses related to the U.S. Wholesale restructuring plan as described in Note A. The 2016 period also includes a $1.2 million charge to correct prior years' depreciation of certain assets within the U.S. Wholesale segment.
[4]	2017 income from operations for the International segment includes $1.0 million of restructuring expenses related to the integration of entities in Europe. 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 Information70

Segment Reporting Information (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Contingent consideration fair value adjustment			$ 650
Restructuring expenses	$ 1,024	$ 2,420	437
Depreciation charge	6,600	8,000	7,200
U.S. Wholesale
Segment Reporting Information [Line Items]
Restructuring expenses		2,420	437
International
Segment Reporting Information [Line Items]
Contingent consideration fair value adjustment			$ 1,000
Restructuring expenses	$ 1,000
Depreciation Adjustment
Segment Reporting Information [Line Items]
Depreciation charge		$ 1,200

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, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 579,476	$ 592,619	$ 587,670
Long-lived assets	48,793	45,729
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	460,788	472,962	462,234
Long-lived assets	45,285	43,431
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	74,834	74,991	81,347
Long-lived assets	2,779	1,186
Rest of World
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	43,854	44,666	$ 44,089
Long-lived assets	$ 729	$ 1,112

Net Sales by Major Product Cate

Net Sales by Major Product Categories (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net sales	$ 579,476	$ 592,619	$ 587,670
U.S. Wholesale
Segment Reporting Information [Line Items]
Net sales	462,588	470,981	458,593
U.S. Wholesale | Kitchenware
Segment Reporting Information [Line Items]
Net sales	276,574	286,815	295,592
U.S. Wholesale | Tableware
Segment Reporting Information [Line Items]
Net sales	134,034	135,901	125,445
U.S. Wholesale | Home Solutions
Segment Reporting Information [Line Items]
Net sales	51,980	48,265	37,556
International
Segment Reporting Information [Line Items]
Net sales	97,757	101,070	108,000
International | Kitchenware
Segment Reporting Information [Line Items]
Net sales	59,686	59,742	61,291
International | Tableware
Segment Reporting Information [Line Items]
Net sales	$ 38,071	$ 41,328	$ 46,709

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Dec. 11, 2015USD ($)	Dec. 31, 2017USD ($)Property	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Line Items]
Expiration year of lease agreements		2,029
Rent and related expense		$ 16,800,000	$ 16,600,000	$ 17,400,000
Number of leased properties | Property		1
Lease payments		$ 412,000
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, 2017USD ($)
Leases Future Minimum Payments [Line Items]
2,018	$ 16,800
2,019	14,866
2,020	14,038
2,021	13,055
2,022	13,481
Thereafter	76,538
Total	$ 148,778

Future Minimum Royalties Payabl

Future Minimum Royalties Payable (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Contractual Obligation [Line Items]
Future minimum royalties payable under license agreements, 2018	$ 6,047
Future minimum royalties payable under license agreements, 2019	292
Future minimum royalties payable under license agreements, 2020	218
Future minimum royalties payable under license agreements, 2021	222
Future minimum royalties payable under license agreements, 2022	226
Future minimum royalties payable under license agreements, Thereafter	156
Total	$ 7,161

Retirement Plans - Additional I

Retirement Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined contribution retirement plan voluntary contributions	$ 18,000
Retirement benefit obligations discount rate	3.33%	3.76%
Expected actuarial losses included in accumulated other comprehensive loss in net periodic benefit cost in 2018	$ 119,000
Former Executives
Defined Benefit Plan Disclosure [Line Items]
Retirement benefit obligations	7,300,000	$ 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, 2017USD ($)
Defined Benefit Plan Disclosure [Line Items]
2,018	$ 422
2,019	407
2,020	392
2,021	393
2,022	435
2023 through 2027	$ 1,944

Components of Inventory (Detail

Components of Inventory (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
Finished goods	$ 129,611	$ 132,564
Work in process	1,548	1,521
Raw materials	1,277	1,127
Total	$ 132,436	$ 135,212

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Construction in progress	$ 3,122	$ 2,639
Land	100	100
Property plant and equipment gross	127,882	123,925
Less: accumulated depreciation and amortization	(104,817)	(102,794)
Total	23,065	21,131
Machinery, Furniture and Equipment
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	91,282	89,545
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	32,591	30,019
Building and Improvements
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 787	$ 1,622

Other - Additional Information

Other - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other [Line Items]
Depreciation charge	$ 6,600	$ 8,000	$ 7,200
Accumulated depreciation and amortization	104,817	102,794
Assets Held under Capital Leases
Other [Line Items]
Machinery, furniture and equipment	2,000	2,200
Accumulated depreciation and amortization	$ 1,900	2,000
Depreciation Adjustment
Other [Line Items]
Depreciation charge		$ 1,200

Accrued Expenses (Detail)

Accrued Expenses (Detail) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Accrued Liabilities [Line Items]
Customer allowances and rebates		$ 11,662	$ 10,787
Compensation and benefits		9,613	13,616
Interest		191	185
Vendor invoices		4,027	5,415
Royalties		1,744	2,095
Commissions		786	947
Freight		4,002	1,684
Professional fees		3,160	1,464
VAT		1,176	648
Contingent consideration related to acquisitions			738
HSBC collection receipts	[1]		3,335
Foreign exchange contracts		1,951
Other		5,809	4,298
Total		$ 44,121	$ 45,212
[1]	Collections received on behalf of HSBC in connection with the Receivable Purchase Agreement.

Deferred Rent and Other Long Te

Deferred Rent and Other Long Term Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule Of Other Liabilities Noncurrent [Line Items]
Deferred rent liability	$ 13,399	$ 12,213
Retirement benefit obligations	6,829	6,629
Capital lease obligations	21	128
Derivative liability		3
Total	$ 20,249	$ 18,973

Supplemental Cash Flow Informat

Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 3,791	$ 4,171	$ 4,909
Cash paid for taxes	12,936	6,384	8,963
Non-cash investing activities:
Translation adjustment	$ 7,823	$ (23,061)	$ (5,281)

Components of Accumulated Other

Components of Accumulated Other Comprehensive Loss, Net (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of year		$ 197,728		$ 199,468		$ 188,233
Balance at end of year		210,279		197,728		199,468
Accumulated translation adjustment:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of year		(35,644)		(12,961)		(7,680)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		7,823		(23,061)		(5,281)
Amounts reclassified from accumulated other comprehensive loss	[1]			378
Balance at end of year		(27,821)		(35,644)		(12,961)
Accumulated deferred gains (losses) on cash flow hedges:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of year		(3)	[2]	(20)	[2]	(18)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		17		17		(2)
Balance at end of year	[2]	14		(3)		(20)
Accumulated effect of retirement benefit obligations:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of year		(1,352)		(1,204)		(2,224)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		(228)		(202)		941
Amounts reclassified from accumulated other comprehensive loss	[3]	62		54		79
Balance at end of year		$ (1,518)		$ (1,352)		$ (1,204)
[1]	Amount is recorded in equity in earnings (losses) on the consolidated statements of operations.
[2]	Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.
[3]	No amounts were reclassified out of accumulated other comprehensive loss. Amounts reclassified would be recorded in interest expense on the consolidated statements of operations.

Taylor Acquisition - Additional

Taylor Acquisition - Additional Information (Detail) - Taylor shares in Millions	Mar. 02, 2018USD ($)shares	Dec. 31, 2017
Business Acquisition [Line Items]
Business acquisition, date of acquisition agreement		Dec. 22, 2017
Business acquisition, effective date of acquisition		Mar. 2, 2018
Senior Secured Asset Based Revolving Credit Facilities | Jp Morgan Chase Bank Na
Business Acquisition [Line Items]
Line of credit facility maximum borrowing capacity	$ 150,000,000
Line of credit facility, expiration date	Mar. 2, 2023
Line of credit facility maximum borrowing capacity if certain conditions are met	$ 200,000,000
Senior Secured Asset Based Revolving Credit Facilities | JPMorgan Chase Bank NA and Golub Capital LLC | TLB Credit Agreement
Business Acquisition [Line Items]
Debt instrument, face amount	$ 275,000,000
Debt instrument, maturity date	Feb. 28, 2025
Debt instrument, interest rate, stated percentage	0.25%
Debt instrument, date of first required payment	Jun. 30, 2018
Increase in line of credit facility	$ 50
Line of credit facility, description	The Incremental Facilities may not exceed the sum of (i) $50.0 million plus (ii) an unlimited amount so long as, in the case of (ii) only, the Company's secured net leverage ratio, as defined in and computed pursuant to the TLB Credit Agreement, is no greater than 3.75 to 1.00 subject to certain limitations and for the period defined pursuant to the TLB Credit Agreement.
Debt instrument leverage ratio	3.75
Subsequent Event
Business Acquisition [Line Items]
Aggregate acquisition agreement amount	$ 297,300,000
Business acquisition, cash consideration	$ 220,400,000
Business acquisition, equity interest issued or issuable, number of shares | shares	5.6
Business combination, consideration transferred, equity interests issued and issuable	$ 76,900,000

Valuation and Qualifying Acco86

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		$ 5,725	$ 5,300	$ 6,663
Additions Due to acquisitions		0	0	0
Additions Charged to costs and expenses		4,926	5,237	6,730
Deductions		(4,461)	(4,812)	(8,093)
Balance at end of period		6,190	5,725	5,300
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		648	697	815
Additions Due to acquisitions		0	0	0
Additions Charged to costs and expenses		594	127	226
Deductions	[1]	(84)	(176)	(344)
Balance at end of period		1,158	648	697
Allowance for Sales Returns
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		5,077	4,603	5,848
Additions Due to acquisitions		0	0	0
Additions Charged to costs and expenses	[2]	4,332	5,110	6,504
Deductions	[3]	(4,377)	(4,636)	(7,749)
Balance at end of period		$ 5,032	$ 5,077	$ 4,603
[1]	Uncollectible accounts written off, net of recoveries.
[2]	Charged to net sales.
[3]	Allowances granted.