Libbey (LBY) 10-Q 2 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 27, 2017
Entity Information [Line Items]
Entity Registrant Name	LIBBEY INC
Entity Central Index Key	902,274
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		22,014,591

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net sales	$ 197,514	$ 207,902	$ 370,508	$ 390,709
Freight billed to customers	747	662	1,423	1,280
Total revenues	198,261	208,564	371,931	391,989
Cost of sales	157,483	158,153	300,839	301,604
Gross profit	40,778	50,411	71,092	90,385
Selling, general and administrative expenses	33,676	30,673	66,651	64,808
Income from operations	7,102	19,738	4,441	25,577
Other income (expense)	(644)	802	(2,904)	787
Earnings before interest and income taxes	6,458	20,540	1,537	26,364
Interest expense	5,138	5,154	10,005	10,398
Income before income taxes	1,320	15,386	(8,468)	15,966
Provision for income taxes	2,152	6,691	(1,066)	6,553
Net income (loss)	$ (832)	$ 8,695	$ (7,402)	$ 9,413
Net income (loss) per share:
Basic	$ (0.04)	$ 0.40	$ (0.34)	$ 0.43
Diluted	(0.04)	0.40	(0.34)	0.43
Dividends declared per share	$ 0.1175	$ 0.115	$ 0.235	$ 0.23

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income (loss)	$ (832)	$ 8,695	$ (7,402)	$ 9,413
Other comprehensive income (loss):
Pension and other postretirement benefit adjustments, net of tax	2,994	3,038	3,450	4,027
Change in fair value of derivative instruments, net of tax	(563)	157	(398)	(1,701)
Foreign currency translation adjustments, net of tax	5,589	(2,879)	6,997	326
Other comprehensive income, net of tax	8,020	316	10,049	2,652
Comprehensive income	$ 7,188	$ 9,011	$ 2,647	$ 12,065

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 28,167	$ 61,011
Accounts receivable - net	88,969	85,113
Inventories - net	180,066	170,009
Prepaid and other current assets	15,350	16,777
Total current assets	312,552	332,910
Purchased intangible assets - net	14,945	15,225
Goodwill	164,112	164,112
Deferred income taxes	39,226	40,016
Other assets	10,611	9,514
Property, plant and equipment - net	263,575	256,392
Total assets	805,021	818,169
Liabilities and Shareholders' Equity:
Accounts payable	66,636	71,582
Salaries and wages	24,185	27,018
Accrued liabilities	50,148	41,807
Accrued income taxes	1,725	1,384
Pension liability (current portion)	2,373	2,461
Non-pension postretirement benefits (current portion)	4,897	4,892
Derivative liability	1,178	1,928
Long-term debt due within one year	6,174	5,009
Total current liabilities	157,316	156,081
Long-term debt	390,207	402,831
Pension liability	45,729	43,934
Non-pension postretirement benefits	50,429	55,373
Deferred income taxes	2,030	1,859
Other long-term liabilities	12,508	12,972
Total liabilities	658,219	673,050
Contingencies (Note 13)
Shareholders' equity:
Common stock, par value $.01 per share, 50,000,000 shares authorized, 22,010,506 shares issued in 2017 (21,864,541 shares issued in 2016)	220	219
Capital in excess of par value	331,743	329,722
Retained deficit	(70,013)	(59,625)
Accumulated other comprehensive loss	(115,148)	(125,197)
Total shareholders' equity	146,802	145,119
Total liabilities and shareholders' equity	$ 805,021	$ 818,169

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets Parenthetical - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	22,010,506	21,864,541

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Shareholders' Equity Statement - 6 months ended Jun. 30, 2017 - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Deficit	Accumulated Other Comprehensive Loss
Balance, value at Dec. 31, 2016	$ 145,119	$ 219	$ 329,722	$ (59,625)	$ (125,197)
Balance, shares at Dec. 31, 2016		21,864,541
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment for the adoption of ASU 2016-09	2,310		127	2,183
Net loss	(7,402)			(7,402)
Other comprehensive income	10,049				10,049
Stock compensation expense	2,090		2,090
Dividends	(5,169)			(5,169)
Stock withheld for employee taxes	(601)		(601)
Stock issued, value	406	$ 1	405
Stock issued, shares		145,965
Balance, value at Jun. 30, 2017	$ 146,802	$ 220	$ 331,743	$ (70,013)	$ (115,148)
Balance, shares at Jun. 30, 2017		22,010,506

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities:
Net income (loss)	$ (7,402)	$ 9,413
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	22,383	25,435
Loss on asset sales and disposals	54	119
Change in accounts receivable	(2,538)	1,389
Change in inventories	(7,182)	(11,303)
Change in accounts payable	(6,344)	(6,688)
Accrued interest and amortization of discounts and finance fees	713	(1,890)
Pension & non-pension postretirement benefits, net	2,982	(1,766)
Accrued liabilities & prepaid expenses	9,442	14,687
Income taxes	(3,619)	1,415
Share-based compensation expense	2,148	3,323
Other operating activities	(728)	(1,779)
Net cash provided by operating activities	9,909	32,355
Investing activities:
Additions to property, plant and equipment	(27,048)	(15,511)
Net cash used in investing activities	(27,048)	(15,511)
Financing activities:
Borrowings on ABL credit facility	3,277	6,000
Repayments on ABL credit facility	(3,277)	(6,000)
Other repayments	(169)	(350)
Repayments on Term Loan B	(12,200)	(12,200)
Stock options exercised	466	1,050
Taxes paid on distribution of equity awards	(601)	(764)
Dividends	(5,169)	(5,032)
Treasury shares purchased	0	(2,000)
Other financing activities	888	0
Net cash used in financing activities	(16,785)	(19,296)
Effect of exchange rate fluctuations on cash	1,080	(146)
Decrease in cash	(32,844)	(2,598)
Cash & cash equivalents at beginning of period	61,011	49,044
Cash & cash equivalents at end of period	28,167	46,446
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	9,155	12,160
Cash paid during the period for income taxes	$ 2,011	$ 4,469

Description of the Business

Description of the Business	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business Libbey is a leading global manufacturer and marketer of glass tableware products. We produce glass tableware in five countries and sell to customers in over 100 countries. We design and market, under our Libbey ® , Libbey Signature ® , Masters Reserve ® , Crisa ® , Royal Leerdam ® , World ® Tableware, Syracuse ® China and Crisal Glass ® brand names (among others), an extensive line of high-quality glass tableware, ceramic dinnerware, metal flatware, hollowware and serveware items for sale primarily in the foodservice, retail and business-to-business markets. Our sales force presents our tabletop products to the global marketplace in a coordinated fashion. We own and operate two glass tableware manufacturing plants in the United States as well as glass tableware manufacturing plants in Mexico (Libbey Mexico), the Netherlands (Libbey Holland), Portugal (Libbey Portugal) and China (Libbey China). In addition, we import tabletop products from overseas in order to complement our line of manufactured items. The combination of manufacturing and procurement allows us to compete in the global tabletop market by offering an extensive product line at competitive prices. Our website can be found at www.libbey.com . We make available, free of charge, at this website all of our reports filed or furnished pursuant to Section 13(a) or 15(d) of Securities Exchange Act of 1934, including our annual report on Form 10-K, our quarterly reports on Form 10-Q, our current reports on Form 8-K, as well as amendments to those reports. These reports are made available on our website as soon as reasonably practicable after their filing with, or furnishing to, the Securities and Exchange Commission and can also be found at www.sec.gov . Our shares are traded on the NYSE American exchange under the ticker symbol LBY.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Libbey Inc. and its majority-owned subsidiaries (collectively, Libbey or the Company) have been prepared in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Item 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month and six month periods ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 . The balance sheet at December 31, 2016 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The financial information included herein should be read in conjunction with our Consolidated Financial Statements in Item 8 of our Form 10-K for the year ended December 31, 2016 . Stock-Based Compensation Expense Stock-based compensation expense charged to the Condensed Consolidated Statements of Operations is as follows: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Stock-based compensation expense $ 1,316 $ 1,507 $ 2,148 $ 3,323 Reclassifications Certain amounts in prior years' financial statements have been reclassified to conform to the presentation used in the three month and six month periods ended June 30, 2017 , including the following: • On the Condensed Consolidated Statements of Cash Flows, certain activity was reclassified between operating and financing activities pursuant to adoption of Accounting Standards Update No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting," effective January 1, 2017. • In note 10 Segments, net sales and related costs for certain countries were reclassified between segments to align with changes in business unit responsibilities effective January 1, 2017. • In note 10 Segments, the derivative amount included in the Reconciliation of Segment EBIT to Net Income in the prior year financial statements has been included in Segment EBIT to conform to the current year presentation. New Accounting Standards Each change to U.S. GAAP is established by the Financial Accounting Standards Board (FASB) in the form of an accounting standards update (ASU) to the FASB’s Accounting Standards Codification (ASC). We consider the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company’s Condensed Consolidated Financial Statements. In May 2014, the FASB issued ASU 2014-09, "Revenue From Contracts With Customers", as amended by ASU's 2015-14, 2016-08, 2016-10, 2016-11, 2016-12, 2016-20 and 2017-05, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. This update is effective for interim and annual reporting periods beginning after December 15, 2017. We plan to adopt this standard in the first quarter of 2018 using the modified retrospective method, whereby the cumulative effect of applying the standard is recognized at the date of initial application. We have substantially completed our evaluation of significant contracts and the review of our current accounting policies and practices to identify potential differences that would result from applying the requirements of ASU 2014-09 to our revenue contracts. In addition, we have identified, and are in the process of implementing, appropriate changes to business processes, systems and controls to support recognition and disclosure under the new standard. We do not expect the adoption of ASU 2014-09 to have a material impact on the amount and timing of revenue recognized in our Condensed Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which requires a lessee to recognize on the balance sheet, assets and liabilities for leases with lease terms of more than 12 months. Leases will be classified as either finance or operating leases, with classification affecting the pattern of expense recognition in the income statement. The new guidance also clarifies the definition of a lease and disclosure requirements. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early application permitted. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach does not require any transition accounting for leases that expired before the earliest comparative period presented. We are currently evaluating the impact of this standard and anticipate the new guidance will significantly impact our Condensed Consolidated Financial Statements as we have a significant number of leases. See note 16, Operating Leases, in our 2016 Annual Report on Form 10-K for the year ended December 31, 2016 for our minimum lease commitments under non-cancellable operating leases. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." Areas for simplification in this update involve several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for interim and annual reporting periods beginning after December 15, 2016. We adopted the new guidance on January 1, 2017, requiring us to recognize all excess tax benefits and tax deficiencies related to stock compensation as income tax expense or benefit in the income statement. Excess tax benefits will be recognized regardless of whether the benefit reduces taxes payable in the current period, subject to normal valuation allowance considerations. Previous guidance resulted in credits to equity for such tax benefits and delayed recognition until the tax benefits reduced income taxes payable. This provision in the standard was applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the year of adoption. As of January 1, 2017, we recorded a $2.3 million reduction to our retained deficit and an increase in deferred income tax assets. In addition, on the modified retrospective basis, we have elected to discontinue estimating forfeitures expected to occur when determining the amount of compensation expense to be recognized in each period, resulting in an immaterial impact to our retained deficit and capital in excess of par. We do not anticipate this change will have a material impact on our future results of operations. The presentation requirements for cash flows under the new standard were adopted on a retrospective basis, resulting in a reclassification on the Condensed Consolidated Statements of Cash Flows that increased cash provided by operating activities and increased cash used in financing activities for the six months ended June 30, 2016. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." This standard introduces a new approach to estimating credit losses on certain types of financial instruments, including trade receivables, and modifies the impairment model for available-for-sale debt securities. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early application permitted. We are currently assessing the impact that this standard will have on our Condensed Consolidated Financial Statements. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory." ASU 2016-16 clarifies that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU 2016-16 is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. We are currently assessing the impact that this standard will have on our Condensed Consolidated Financial Statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." ASU 2017-04 simplifies the goodwill impairment testing by eliminating Step 2 from the goodwill impairment testing required, should an impairment be discovered during its annual or interim assessment. ASU 2017-04 is effective for annual or interim impairment tests beginning after December 15, 2019, with early adoption permitted. We plan to early adopt this standard on a prospective basis for our annual, and any interim, goodwill impairment testing performed after January 1, 2017, and this is considered a change in accounting principle. We are early adopting this standard as it will decrease the cost and complexity in applying current GAAP without significantly changing the usefulness of the information provided to users of our Condensed Consolidated Financial Statements. In March 2017, the FASB issued ASU 2017-07, "Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." ASU 2017-07 requires that only the service cost component of pension and postretirement benefit costs be reported within income from operations. The other components of net benefit cost are required to be presented in the income statement outside of income from operations, if presented. In addition, this ASU allows only the service cost component to be eligible for capitalization when applicable. ASU 2017-07 is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. Presentation on the Condensed Consolidated Statements of Operations will be retrospective and any impact to capitalized costs will be prospectively adopted. We plan to adopt this standard in the first quarter of 2018 and expect the impact to be reclassifications of applicable costs and credits from income from operations to other income (expense).

Balance Sheet Details

Balance Sheet Details	6 Months Ended
	Jun. 30, 2017
Balance Sheet Details [Abstract]
Balance Sheet Details	Balance Sheet Details The following table provides detail of selected balance sheet items: (dollars in thousands) June 30, 2017 December 31, 2016 Accounts receivable: Trade receivables $ 87,330 $ 82,851 Other receivables 1,639 2,262 Total accounts receivable, less allowances of $8,561 and $7,832 $ 88,969 $ 85,113 Inventories: Finished goods $ 162,084 $ 152,261 Work in process 1,791 1,625 Raw materials 4,198 4,432 Repair parts 10,721 10,558 Operating supplies 1,272 1,133 Total inventories, less loss provisions of $10,417 and $9,484 $ 180,066 $ 170,009 Accrued liabilities: Accrued incentives $ 25,398 $ 19,771 Other accrued liabilities 24,750 22,036 Total accrued liabilities $ 50,148 $ 41,807

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Borrowings	Borrowings Borrowings consist of the following: (dollars in thousands) Interest Rate Maturity Date June 30, December 31, Borrowings under ABL Facility floating April 9, 2019 $ — $ — Term Loan B floating (1) April 9, 2021 396,800 409,000 AICEP Loan 0.00% July 30, 2018 3,421 3,320 Total borrowings 400,221 412,320 Less — unamortized discount and finance fees 3,840 4,480 Total borrowings — net 396,381 407,840 Less — long term debt due within one year 6,174 5,009 Total long-term portion of borrowings — net $ 390,207 $ 402,831 ________________________ (1) We have entered into an interest rate swap which effectively fixes a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swap in note 8 for additional details. The Term Loan B floating interest rate was 4.10 percent at June 30, 2017 . At June 30, 2017 , the available borrowing base under the ABL Facility was offset by a $0.5 million rent reserve and a $0.2 million natural gas derivative liability. The ABL Facility also provides for the issuance of up to $30.0 million of letters of credit which, when outstanding, are applied against the $100.0 million limit. At June 30, 2017 , $7.0 million in letters of credit were outstanding. Remaining unused availability under the ABL Facility was $90.3 million at June 30, 2017 , compared to $88.4 million at December 31, 2016 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim tax reporting, we estimate our annual effective tax rate and apply it to our year-to-date ordinary income. Tax jurisdictions with a projected or year-to-date loss for which a tax benefit cannot be realized are excluded from the annualized effective tax rate. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, are reported in the interim period in which they occur. Our effective tax rate was 12.6 percent for the six months ended June 30, 2017 , compared to 41.0 percent for the six months ended June 30, 2016 . Our effective tax rate for the six months ended June 30, 2017, which was below the United States statutory rate, was affected by the timing and mix of pretax income earned in jurisdictions with rates lower than the United States statutory rate of (67.7) percent , the impact of foreign exchange of 28.0 percent , and other items including foreign withholding tax and nondeductible expenses of 17.3 percent . Our effective tax rate for the six months ended June 30, 2016, which was above the United States statutory rate, was affected the timing and mix of pretax income earned in jurisdictions with rates lower than the United States statutory rate of 2.3 percent , the impact of foreign exchange of (9.1) percent , and other items including foreign withholding tax and nondeductible expenses of 12.8 percent . The Company and its subsidiaries are subject to examination by various countries' tax authorities. These examinations may lead to proposed or assessed adjustments to our taxes. In August 2016, one of our Mexican subsidiaries received a tax assessment from the Mexican tax authority (SAT) related to the audit of its 2010 tax year. The amount assessed was approximately 3 billion Mexican Pesos, which was equivalent to approximately $157 million US dollars as of the date of the assessment. The Company has filed an administrative appeal with SAT requesting that the assessment be fully nullified. We are awaiting the outcome of the appeal. Management, in consultation with external legal counsel, believes that if contested in the Mexican court system, it is more likely than not that the Company would prevail on all significant components of the assessment. Management intends to continue to vigorously contest all significant components of the assessment in the Mexican courts if they are not nullified at the administrative appeal level. We believe that our tax reserves related to uncertain tax positions are adequate at this time. There were no significant developments affecting this matter for the six months ended June 30, 2017. See note 2 for details regarding the tax effects of adopting ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting," effective January 1, 2017.

Pension and Non-pension Postret

Pension and Non-pension Postretirement Benefits	6 Months Ended
	Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Non-pension Postretirement Benefits	Pension and Non-pension Postretirement Benefits We have pension plans covering the majority of our employees. Benefits generally are based on compensation and service for salaried employees and job grade and length of service for hourly employees. In addition, we have an unfunded supplemental employee retirement plan (SERP) that covers certain salaried U.S.-based employees of Libbey hired before January 1, 2006. The U.S. pension plans cover the salaried U.S.-based employees of Libbey hired before January 1, 2006 and most hourly U.S.-based employees (excluding employees hired at Shreveport after December 15, 2008 and at Toledo after September 30, 2010). Effective January 1, 2013, we ceased annual company contribution credits to the cash balance accounts in our Libbey U.S. Salaried Pension Plan and SERP. The non-U.S. pension plans cover the employees of our wholly owned subsidiary in Mexico and are unfunded. The components of our net pension expense, including the SERP, are as follows: Three months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2017 2016 2017 2016 2017 2016 Service cost $ 883 $ 863 $ 277 $ 318 $ 1,160 $ 1,181 Interest cost 3,442 3,705 701 670 4,143 4,375 Expected return on plan assets (5,623 ) (5,760 ) — — (5,623 ) (5,760 ) Amortization of unrecognized: Prior service cost (credit) 59 66 (52 ) (53 ) 7 13 Actuarial loss 1,265 1,016 152 203 1,417 1,219 Settlement charge — 42 — 170 — 212 Pension expense $ 26 $ (68 ) $ 1,078 $ 1,308 $ 1,104 $ 1,240 Six months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2017 2016 2017 2016 2017 2016 Service cost $ 1,958 $ 1,859 $ 528 $ 635 $ 2,486 $ 2,494 Interest cost 6,892 7,482 1,338 1,342 8,230 8,824 Expected return on plan assets (11,240 ) (11,515 ) — — (11,240 ) (11,515 ) Amortization of unrecognized: Prior service cost (credit) 118 132 (99 ) (107 ) 19 25 Actuarial loss 2,617 2,136 290 405 2,907 2,541 Settlement charge — 42 — 170 — 212 Pension expense $ 345 $ 136 $ 2,057 $ 2,445 $ 2,402 $ 2,581 We have contributed $0.6 million and $1.9 million of cash into our pension plans for the three months and six months ended June 30, 2017 , respectively. Pension contributions for the remainder of 2017 are estimated to be $0.6 million . We provide certain retiree health care and life insurance benefits covering our U.S. and Canadian salaried employees hired before January 1, 2004 and a majority of our union hourly employees (excluding employees hired at Shreveport after December 15, 2008 and at Toledo after September 30, 2010). Employees are generally eligible for benefits upon retirement and completion of a specified number of years of creditable service. Benefits for most hourly retirees are determined by collective bargaining. The U.S. non-pension postretirement plans cover the hourly and salaried U.S.-based employees of Libbey (excluding those mentioned above). The non-U.S. non-pension postretirement plans cover the retirees and active employees of Libbey who are located in Canada. The postretirement benefit plans are unfunded. The provision for our non-pension postretirement benefit expense consists of the following: Three months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2017 2016 2017 2016 2017 2016 Service cost $ 96 $ 199 $ — $ 1 $ 96 $ 200 Interest cost 471 652 11 12 482 664 Amortization of unrecognized: Prior service cost (credit) (51 ) 35 — — (51 ) 35 Actuarial loss / (gain) (154 ) 20 (13 ) (11 ) (167 ) 9 Non-pension postretirement benefit expense $ 362 $ 906 $ (2 ) $ 2 $ 360 $ 908 Six months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2017 2016 2017 2016 2017 2016 Service cost $ 316 $ 398 $ — $ 1 $ 316 $ 399 Interest cost 1,052 1,304 22 24 1,074 1,328 Amortization of unrecognized: Prior service cost (credit) (101 ) 70 — — (101 ) 70 Actuarial loss / (gain) (129 ) 40 (26 ) (22 ) (155 ) 18 Non-pension postretirement benefit expense $ 1,138 $ 1,812 $ (4 ) $ 3 $ 1,134 $ 1,815 Our 2017 estimate of non-pension cash payments is $5.0 million , and we have paid $1.0 million and $1.6 million for the three months and six months ended June 30, 2017 , respectively.

Net Income (Loss) per Share of

Net Income (Loss) per Share of Common Stock	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Net Income (Loss) per Share of Common Stock	Net Income (Loss) per Share of Common Stock The following table sets forth the computation of basic and diluted earnings (loss) per share: Three months ended June 30, Six months ended June 30, (dollars in thousands, except earnings per share) 2017 2016 2017 2016 Numerator for earnings per share: Net income (loss) that is available to common shareholders $ (832 ) $ 8,695 $ (7,402 ) $ 9,413 Denominator for basic earnings per share: Weighted average shares outstanding 22,029,519 21,865,315 21,984,365 21,857,743 Denominator for diluted earnings per share: Effect of stock options and restricted stock units — 138,071 — 143,860 Adjusted weighted average shares and assumed conversions 22,029,519 22,003,386 21,984,365 22,001,603 Basic earnings (loss) per share $ (0.04 ) $ 0.40 $ (0.34 ) $ 0.43 Diluted earnings (loss) per share $ (0.04 ) $ 0.40 $ (0.34 ) $ 0.43 Shares excluded from diluted earnings (loss) per share due to: Net loss position (excluded from denominator) 60,141 — 111,791 — Inclusion would have been anti-dilutive (excluded from calculation) 924,652 641,964 744,317 628,134 When applicable, diluted shares outstanding include the dilutive impact of restricted stock units. Diluted shares also include the impact of eligible employee stock options, which are calculated based on the average share price for each fiscal period using the treasury stock method. As part of the adoption of ASU 2016-09 as of January 1, 2017, anticipated tax windfalls and shortfalls are no longer included in the calculation of assumed proceeds when applying the treasury stock method.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives We utilize derivative financial instruments to hedge certain interest rate risks associated with our long-term debt, commodity price risks associated with forecasted future natural gas requirements and foreign exchange rate risks associated with transactions denominated in a currency other than the U.S. dollar. These derivatives, except for the foreign currency contracts and the natural gas contracts used in our Mexican manufacturing facilities, qualify for hedge accounting since the hedges are highly effective, and we have designated and documented contemporaneously the hedging relationships involving these derivative instruments. While we intend to continue to meet the conditions for hedge accounting, if hedges do not qualify as highly effective or if we do not believe that forecasted transactions would occur, the changes in the fair value of the derivatives used as hedges would be reflected in our earnings. Fair Values The following table provides the fair values of our derivative financial instruments for the periods presented: Asset Derivatives: (dollars in thousands) June 30, 2017 December 31, 2016 Derivatives designated as hedging instruments under FASB ASC 815: Balance Sheet Location Fair Value Balance Sheet Location Fair Value Natural gas contracts Prepaid and other current assets $ — Prepaid and other current assets $ 702 Natural gas contracts Other assets — Other assets 45 Total designated — 747 Derivatives not designated as hedging instruments under FASB ASC 815: Natural gas contracts Prepaid and other current assets — Prepaid and other current assets 732 Natural gas contracts Other assets — Other assets 29 Total undesignated — 761 Total $ — $ 1,508 Liability Derivatives: (dollars in thousands) June 30, 2017 December 31, 2016 Derivatives designated as hedging instruments under FASB ASC 815: Balance Sheet Location Fair Value Balance Sheet Location Fair Value Natural gas contracts Derivative liability - current $ 100 Derivative liability - current $ — Natural gas contracts Other long-term liabilities 19 Other long-term liabilities — Interest rate contract Derivative liability - current 1,040 Derivative liability - current 1,928 Interest rate contract Other long-term liabilities 353 Other long-term liabilities 107 Total designated 1,512 2,035 Derivatives not designated as hedging instruments under FASB ASC 815: Natural gas contracts Derivative liability - current 38 Derivative liability - current — Natural gas contracts Other long-term liabilities 20 Other long-term liabilities — Total undesignated 58 — Total $ 1,570 $ 2,035 Natural Gas Contracts We use natural gas swap contracts related to forecasted future North American natural gas requirements. The objective of these commodity contracts is to limit the fluctuations in prices paid due to price movements in the underlying commodity. We consider our forecasted natural gas requirements in determining the quantity of natural gas to hedge. We combine the forecasts with historical observations to establish the percentage of forecast eligible to be hedged, typically ranging from 40 percent to 70 percent of our anticipated requirements, up to eighteen months in the future. The fair values of these instruments are determined from market quotes. As of June 30, 2017 , we had commodity contracts for 2,350,000 million British Thermal Units (BTUs) of natural gas. At December 31, 2016 , we had commodity contracts for 2,590,000 million BTUs of natural gas. All of our derivatives for natural gas in the U.S. qualify and are designated as cash flow hedges at June 30, 2017 . Hedge accounting is applied only when the derivative is deemed to be highly effective at offsetting changes in fair values or anticipated cash flows of the hedged item or transaction. For hedged forecasted transactions, hedge accounting is discontinued if the forecasted transaction is no longer probable to occur, and any previously deferred gains or losses would be recorded to earnings immediately. Changes in the effective portion of the fair value of these hedges are recorded in other comprehensive income (loss). The ineffective portion of the change in the fair value of a derivative designated as a cash flow hedge is recognized in other income (expense) . As the natural gas contracts mature, the accumulated gains (losses) for the respective contracts are reclassified from accumulated other comprehensive loss to current expense in cost of sales in our Condensed Consolidated Statement of Operations. Since October 1, 2014, our derivatives for natural gas in Mexico have not been designated as cash flow hedges. All mark-to-market changes on these derivatives are reflected in other income (expense) . We (received) paid additional cash related to natural gas derivative settlements of $(0.2) million and $1.0 million in the three months ended June 30, 2017 and 2016 , respectively, and $(0.3) million and $2.2 million for the six months ended June 30, 2017 and 2016, respectively, due to the difference between the fixed unit rate of our natural gas contracts and the variable unit rate of our natural gas cost from suppliers. Based on our current valuation, we estimate that accumulated losses for natural gas currently carried in accumulated other comprehensive loss that will be reclassified into earnings over the next twelve months will result in a $0.1 million loss in our Condensed Consolidated Statements of Operations. The following table provides a summary of the effective portion of derivative gain (loss) recognized in other comprehensive income (loss) from our natural gas contracts: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivatives in Cash Flow Hedging relationships: Natural gas contracts $ (239 ) $ 710 $ (709 ) $ 94 Total $ (239 ) $ 710 $ (709 ) $ 94 The following table provides a summary of the effective portion of derivative reclassified from accumulated other comprehensive loss to the Condensed Consolidated Statements of Operations from our natural gas contracts: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivative: Location: Natural gas contracts Cost of sales $ 90 $ (515 ) $ 157 $ (1,055 ) Total impact on net income (loss) $ 90 $ (515 ) $ 157 $ (1,055 ) The following table provides a summary of the gain (loss) recognized in other income (expense) in the Condensed Consolidated Statements of Operations from our natural gas contracts in Mexico: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Contracts where hedge accounting was not elected $ (236 ) $ 769 $ (819 ) $ 1,139 Total $ (236 ) $ 769 $ (819 ) $ 1,139 Interest Rate Swap On April 1, 2015, we executed an interest rate swap on our Term Loan B as part of our risk management strategy to mitigate the risks involved with fluctuating interest rates. The interest rate swap effectively converts $220.0 million of our Term Loan B debt from a variable interest rate to a 4.85 percent fixed interest rate, thus reducing the impact of interest rate changes on future income. The fixed rate swap became effective in January 2016 and expires in January 2020. This interest rate swap is valued using the market standard methodology of netting the discounted expected future variable cash receipts and the discounted future fixed cash payments. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves. Our interest rate swap qualifies and is designated as a cash flow hedge at June 30, 2017 and accounted for under FASB ASC 815, "Derivatives and Hedging". Hedge accounting is applied only when the derivative is deemed to be highly effective at offsetting changes in fair values or anticipated cash flows of the hedged item or transaction. For hedged forecasted transactions, hedge accounting is discontinued if the forecasted transaction is no longer probable to occur, and any previously deferred gains or losses are recorded to earnings immediately. Changes in the effective portion of the fair value of these hedges are recorded in other comprehensive income (loss). The ineffective portion, if any, of the change in the fair value of a derivative designated as a cash flow hedge is recognized in other income (expense) . Based on our current valuation, we estimate that accumulated losses currently carried in accumulated other comprehensive loss that will be reclassified into earnings over the next twelve months will result in $1.0 million of additional interest expense in our Condensed Consolidated Statements of Operations. The following table provides a summary of the effective portion of derivative gain (loss) recognized in other comprehensive income (loss) from our interest rate swap: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivatives in Cash Flow Hedging relationships: Interest rate swap $ (619 ) $ (1,603 ) $ (415 ) $ (4,822 ) Total $ (619 ) $ (1,603 ) $ (415 ) $ (4,822 ) The following table provides a summary of the effective portion of derivative reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of Operations from our interest rate swap: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivative: Location: Interest rate swap Interest (expense) $ (472 ) $ (620 ) $ (1,057 ) $ (1,011 ) Total impact on net income (loss) $ (472 ) $ (620 ) $ (1,057 ) $ (1,011 ) Currency Contracts Our foreign currency exposure arises from transactions denominated in a currency other than the U.S. dollar and is primarily associated with our Canadian dollar denominated accounts receivable. From time to time, we enter into a series of foreign currency contracts to sell Canadian dollars. At June 30, 2017 and December 31, 2016 , we had no foreign currency contracts outstanding. The fair values of these instruments are determined from market quotes. The values of these derivatives will change over time as cash receipts and payments are made and as market conditions change. Gains (losses) on currency derivatives that were not designated as hedging instruments are recorded in other income (expense) as follows: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivative: Location: Currency contracts Other income (expense) $ — $ 31 $ — $ (387 ) Total $ — $ 31 $ — $ (387 ) We do not believe we are exposed to more than a nominal amount of credit risk in our natural gas hedges, interest rate swap and currency contracts as the counterparties are established financial institutions. The counterparties for the derivative agreements are rated BBB+ or better as of June 30, 2017 , by Standard and Poor’s.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss, net of tax, is as follows: Three months ended June 30, 2017 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Postretirement Benefits Accumulated Other Balance March 31, 2017 $ (26,420 ) $ (350 ) $ (96,398 ) $ (123,168 ) Other comprehensive income (loss) 5,589 (858 ) 4,801 9,532 Currency impact — — (258 ) (258 ) Amounts reclassified from accumulated other comprehensive income (loss): Amortization of actuarial loss (1) — — 1,250 1,250 Amortization of prior service cost (1) — — (44 ) (44 ) Cost of sales — (90 ) — (90 ) Interest expense — 472 — 472 Current-period other comprehensive income (loss) 5,589 (476 ) 5,749 10,862 Tax effect — (87 ) (2,755 ) (2,842 ) Balance on June 30, 2017 $ (20,831 ) $ (913 ) $ (93,404 ) $ (115,148 ) Six months ended June 30, 2017 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Postretirement Benefits Accumulated Other Balance on December 31, 2016 $ (27,828 ) $ (515 ) $ (96,854 ) $ (125,197 ) Other comprehensive income (loss) 6,997 (1,124 ) 4,801 10,674 Currency impact — — (738 ) (738 ) Amounts reclassified from accumulated other comprehensive income (loss): Amortization of actuarial loss (1) — — 2,752 2,752 Amortization of prior service cost (1) — — (82 ) (82 ) Cost of sales — (157 ) — (157 ) Interest expense — 1,057 — 1,057 Current-period other comprehensive income (loss) 6,997 (224 ) 6,733 13,506 Tax effect — (174 ) (3,283 ) (3,457 ) Balance on June 30, 2017 $ (20,831 ) $ (913 ) $ (93,404 ) $ (115,148 ) Three months ended June 30, 2016 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Postretirement Benefits Accumulated Other Balance on March 31, 2016 $ (19,708 ) $ (3,718 ) $ (94,470 ) $ (117,896 ) Other comprehensive income (loss) (3,298 ) (893 ) 2,755 (1,436 ) Currency impact — — 409 409 Amounts reclassified from accumulated other comprehensive income (loss): Amortization of actuarial loss (1) — — 1,228 1,228 Amortization of prior service cost (1) — — 48 48 Cost of sales — 515 — 515 Interest Expense — 620 — 620 Current-period other comprehensive income (loss) (3,298 ) 242 4,440 1,384 Tax effect 419 (85 ) (1,402 ) (1,068 ) Balance on June 30, 2016 $ (22,587 ) $ (3,561 ) $ (91,432 ) $ (117,580 ) Six months ended June 30, 2016 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Postretirement Benefits Accumulated Other Balance on December 31, 2015 $ (22,913 ) $ (1,860 ) $ (95,459 ) $ (120,232 ) Other comprehensive income (loss) 52 (4,728 ) 2,755 (1,921 ) Currency impact — — 512 512 Amounts reclassified from accumulated other comprehensive income (loss): Amortization of actuarial loss (1) — — 2,559 2,559 Amortization of prior service cost (1) — — 95 95 Cost of sales — 1,055 — 1,055 Interest Expense — 1,011 — 1,011 Current-period other comprehensive income (loss) 52 (2,662 ) 5,921 3,311 Tax effect 274 961 (1,894 ) (659 ) Balance on June 30, 2016 $ (22,587 ) $ (3,561 ) $ (91,432 ) $ (117,580 ) ___________________________ (1) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost within the cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.

Segments

Segments	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segments	Segments Our reporting segments align with our regionally focused organizational structure, which we believe enables us to better serve customers across the globe. Under this structure, we report financial results for U.S. and Canada; Latin America; Europe, the Middle East and Africa (EMEA); and Other. Segment results are based primarily on the geographical destination of the sale. In the first quarter of 2017, net sales and related costs for certain countries were reclassified between segments to align with changes in business unit responsibilities. Accordingly, 2016 segment results have been reclassified to conform with the revised structure. The revised 2016 segment results do not affect any previously reported consolidated financial results. Our three reportable segments are defined below. Our operating segment that does not meet the criteria to be a reportable segment is disclosed as Other. U.S. & Canada—includes sales of manufactured and sourced tableware having an end market destination in the U.S and Canada, excluding glass products for Original Equipment Manufacturers (OEM), which remain in the Latin America segment. Latin America—includes primarily sales of manufactured and sourced glass tableware having an end market destination in Latin America, including glass products for OEMs that have an end market destination outside of Latin America. EMEA—includes primarily sales of manufactured and sourced glass tableware having an end market destination in Europe, the Middle East and Africa. Other—includes primarily sales of manufactured and sourced glass tableware having an end market destination in Asia Pacific. Our measure of profit for our reportable segments is Segment Earnings before Interest and Taxes (Segment EBIT) and excludes amounts related to certain items we consider not representative of ongoing operations as well as certain retained corporate costs and other allocations that are not considered by management when evaluating performance. As the gain (loss) on mark-to-market natural gas contracts is considered representative of our ongoing operations, it is included in Segment EBIT in 2017; the prior year derivative amount originally excluded from Segment EBIT in 2016 has been reclassified and included in Segment EBIT to conform to the current year presentation. We use Segment EBIT, along with net sales and selected cash flow information, to evaluate performance and to allocate resources. Segment EBIT for reportable segments includes an allocation of some corporate expenses based on the costs of services performed. Certain activities not related to any particular reportable segment are reported within retained corporate costs. These costs include certain headquarter, administrative and facility costs, and other costs that are global in nature and are not allocable to the reporting segments. The accounting policies of the reportable segments are the same as those described in note 2. We do not have any customers who represent 10 percent or more of total sales. Inter-segment sales are consummated at arm’s length and are reflected at end market reporting below. Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Net Sales: U.S. & Canada $ 121,871 $ 125,061 $ 231,200 $ 237,113 Latin America 36,503 40,619 67,225 74,822 EMEA 31,054 32,709 56,385 60,569 Other 8,086 9,513 15,698 18,205 Consolidated $ 197,514 $ 207,902 $ 370,508 $ 390,709 Segment EBIT: U.S. & Canada $ 15,045 $ 24,457 $ 22,546 $ 37,297 Latin America 1,907 8,570 (1,172 ) 13,272 EMEA (2,057 ) 355 (2,894 ) (142 ) Other (854 ) 876 (2,069 ) 1,326 Total Segment EBIT $ 14,041 $ 34,258 $ 16,411 $ 51,753 Reconciliation of Segment EBIT to Net Income (Loss): Segment EBIT $ 14,041 $ 34,258 $ 16,411 $ 51,753 Retained corporate costs (5,095 ) (7,050 ) (12,386 ) (13,774 ) Pension settlement — (212 ) — (212 ) Reorganization charges (2,488 ) — (2,488 ) — Product portfolio optimization — (6,784 ) — (6,784 ) Executive terminations — 328 — (4,619 ) Interest expense (5,138 ) (5,154 ) (10,005 ) (10,398 ) (Provision) benefit for income taxes (2,152 ) (6,691 ) 1,066 (6,553 ) Net income (loss) $ (832 ) $ 8,695 $ (7,402 ) $ 9,413 Depreciation & Amortization: U.S. & Canada $ 3,084 $ 3,379 $ 6,166 $ 6,835 Latin America 4,510 4,516 8,907 9,058 EMEA 1,848 3,617 3,692 5,775 Other 1,329 1,409 2,683 2,837 Corporate 457 433 935 930 Consolidated $ 11,228 $ 13,354 $ 22,383 $ 25,435 Capital Expenditures: U.S. & Canada $ 2,457 $ 2,154 $ 4,394 $ 5,993 Latin America 4,482 1,380 11,464 3,676 EMEA 7,633 889 10,396 3,107 Other 255 895 468 1,590 Corporate 269 338 326 1,145 Consolidated $ 15,096 $ 5,656 $ 27,048 $ 15,511

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair value is the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the inputs used in measuring fair value into three broad levels as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly. • Level 3 — Unobservable inputs based on our own assumptions. Fair Value at Fair Value at Asset / (Liability) (dollars in thousands) June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Commodity futures natural gas contracts $ — $ (177 ) $ — $ (177 ) $ — $ 1,508 $ — $ 1,508 Interest rate swap — (1,393 ) — (1,393 ) — (2,035 ) — (2,035 ) Net derivative asset (liability) $ — $ (1,570 ) $ — $ (1,570 ) $ — $ (527 ) $ — $ (527 ) The fair values of our commodity futures natural gas contracts are determined using observable market inputs. The fair value of our interest rate swap is based on the market standard methodology of netting the discounted expected future variable cash receipts and the discounted future fixed cash payments. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves. Since these inputs are observable in active markets over the terms that the instruments are held, the derivatives are classified as Level 2 in the hierarchy. We also evaluate Company and counterparty risk in determining fair values. The commodity futures natural gas contracts and interest rate swap are hedges of either recorded assets or liabilities or anticipated transactions. Changes in values of the underlying hedged assets and liabilities or anticipated transactions are not reflected in the above table. Financial instruments carried at cost on the Condensed Consolidated Balance Sheets, as well as the related fair values, are as follows: June 30, 2017 December 31, 2016 (dollars in thousands) Fair Value Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan B Level 2 $ 396,800 $ 359,104 $ 409,000 $ 412,068 The fair value of our Term Loan B has been calculated based on quoted market prices for the same or similar issues. The fair value of our other immaterial debt approximates carrying value at June 30, 2017 and December 31, 2016. The fair value of our cash and cash equivalents, accounts receivable and accounts payable approximate their carrying value due to their short term nature.

Other Income (Expense)

Other Income (Expense)	6 Months Ended
	Jun. 30, 2017
Other Income and Expenses [Abstract]
Other Income (Expense)	Other Income (Expense) Items included in other income (expense) in the Condensed Consolidated Statements of Operations are as follows: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Gain (loss) on currency transactions $ (691 ) $ 6 $ (2,235 ) $ (724 ) Gain (loss) on mark-to-market natural gas contracts (236 ) 769 (819 ) 1,139 Other non-operating income (expense) 283 27 150 372 Other income (expense) $ (644 ) $ 802 $ (2,904 ) $ 787

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Legal Proceedings From time to time, we are identified as a "potentially responsible party" (PRP) under the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA) and/or similar state laws that impose liability without regard to fault for costs and damages relating to the investigation and clean-up of contamination resulting from releases or threatened releases of hazardous substances. We are also subject to similar laws in some of the countries where our facilities are located. Our environmental, health and safety department monitors compliance with applicable laws on a global basis. On October 30, 2009, the United States Environmental Protection Agency ("U.S. EPA") designated Syracuse China Company ("Syracuse China"), our wholly-owned subsidiary, as one of eight PRPs with respect to the Lower Ley Creek sub-site of the Onondaga Lake Superfund site located near the ceramic dinnerware manufacturing facility that Syracuse China operated from 1995 to 2009 in Syracuse, New York. As a PRP, we may be required to pay a share of the costs of investigation and remediation of the Lower Ley Creek sub-site. U.S. EPA has completed its Remedial Investigation (RI), Feasibility Study (FS), Risk Assessment (RA) and Proposed Remedial Action Plan (PRAP). U.S. EPA issued its Record of Decision (RoD) on September 30, 2014. The RoD indicates that U.S. EPA's estimate of the undiscounted cost of remediation ranges between approximately $17.0 million (assuming local disposal of contaminated sediments is feasible) and approximately $24.8 million (assuming local disposal is not feasible). However, the RoD acknowledges that the final cost of the cleanup will depend upon the actual volume of contaminated material, the degree to which it is contaminated, and where the excavated soil and sediment is properly disposed. In connection with the General Motors Corporation bankruptcy, U.S. EPA recovered $22.0 million from Motors Liquidation Company (MLC), the successor to General Motors Corporation. If the cleanup costs do not exceed the amount recovered by U.S. EPA from MLC, Syracuse China may suffer no loss. If, and to the extent the cleanup costs exceed the amount recovered by U.S. EPA from MLC, it is not yet known whether other PRPs will be added to the current group of PRPs or how any excess costs may be allocated among the PRPs. On March 3, 2015, the EPA issued to the PRPs notices and requests to negotiate performance of the remedial design (RD) work. The notices contemplate that any agreement to perform the RD work would be memorialized in an Administrative Order on Consent (AOC). On July 14, 2016, the PRPs entered into an AOC to perform the RD work. The EPA and PRPs anticipate that the RD work will produce additional information from which the feasibility of a local disposal option and the cleanup costs can be better determined. The EPA has declined to advance the GM Settlement Funds for the RD work, instead conditioning use of those funds to reimburse for the RD work upon the successful completion of the RD work and the finalization of an AOC to perform the remedial action work. To the extent that Syracuse China has a liability with respect to the Lower Ley Creek sub-site, including without limitation costs to fund the RD work, and to the extent the liability arose prior to our 1995 acquisition of the Syracuse China assets, the liability would be subject to the indemnification provisions contained in the Asset Purchase Agreement between the Company and The Pfaltzgraff Co. (now known as TPC-York, Inc. ("TPC York")) and certain of its subsidiaries. Accordingly, Syracuse China has notified TPC York of its claim for indemnification under the Asset Purchase Agreement. In connection with the above proceedings, an estimated environmental liability of $0.8 million and $0.9 million has been recorded in other long term liabilities and a recoverable amount of $0.4 million and $0.5 million has been recorded in other long term assets in the Condensed Consolidated Balance Sheets at June 30, 2017 and December 31, 2016, respectively. Although we cannot predict the ultimate outcome of this proceeding, we believe that it will not have a material adverse impact on our financial condition, results of operations or liquidity. Income Taxes The Company and its subsidiaries are subject to examination by various countries' tax authorities. These examinations may lead to proposed or assessed adjustments to our taxes. Please refer to note 5, Income Taxes, for a detailed discussion on tax contingencies.

Significant Accounting Polici21

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Libbey Inc. and its majority-owned subsidiaries (collectively, Libbey or the Company) have been prepared in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Item 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month and six month periods ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 . The balance sheet at December 31, 2016 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The financial information included herein should be read in conjunction with our Consolidated Financial Statements in Item 8 of our Form 10-K for the year ended December 31, 2016 .
New Accounting Standards	New Accounting Standards Each change to U.S. GAAP is established by the Financial Accounting Standards Board (FASB) in the form of an accounting standards update (ASU) to the FASB’s Accounting Standards Codification (ASC). We consider the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company’s Condensed Consolidated Financial Statements. In May 2014, the FASB issued ASU 2014-09, "Revenue From Contracts With Customers", as amended by ASU's 2015-14, 2016-08, 2016-10, 2016-11, 2016-12, 2016-20 and 2017-05, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. This update is effective for interim and annual reporting periods beginning after December 15, 2017. We plan to adopt this standard in the first quarter of 2018 using the modified retrospective method, whereby the cumulative effect of applying the standard is recognized at the date of initial application. We have substantially completed our evaluation of significant contracts and the review of our current accounting policies and practices to identify potential differences that would result from applying the requirements of ASU 2014-09 to our revenue contracts. In addition, we have identified, and are in the process of implementing, appropriate changes to business processes, systems and controls to support recognition and disclosure under the new standard. We do not expect the adoption of ASU 2014-09 to have a material impact on the amount and timing of revenue recognized in our Condensed Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which requires a lessee to recognize on the balance sheet, assets and liabilities for leases with lease terms of more than 12 months. Leases will be classified as either finance or operating leases, with classification affecting the pattern of expense recognition in the income statement. The new guidance also clarifies the definition of a lease and disclosure requirements. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early application permitted. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach does not require any transition accounting for leases that expired before the earliest comparative period presented. We are currently evaluating the impact of this standard and anticipate the new guidance will significantly impact our Condensed Consolidated Financial Statements as we have a significant number of leases. See note 16, Operating Leases, in our 2016 Annual Report on Form 10-K for the year ended December 31, 2016 for our minimum lease commitments under non-cancellable operating leases. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." Areas for simplification in this update involve several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for interim and annual reporting periods beginning after December 15, 2016. We adopted the new guidance on January 1, 2017, requiring us to recognize all excess tax benefits and tax deficiencies related to stock compensation as income tax expense or benefit in the income statement. Excess tax benefits will be recognized regardless of whether the benefit reduces taxes payable in the current period, subject to normal valuation allowance considerations. Previous guidance resulted in credits to equity for such tax benefits and delayed recognition until the tax benefits reduced income taxes payable. This provision in the standard was applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the year of adoption. As of January 1, 2017, we recorded a $2.3 million reduction to our retained deficit and an increase in deferred income tax assets. In addition, on the modified retrospective basis, we have elected to discontinue estimating forfeitures expected to occur when determining the amount of compensation expense to be recognized in each period, resulting in an immaterial impact to our retained deficit and capital in excess of par. We do not anticipate this change will have a material impact on our future results of operations. The presentation requirements for cash flows under the new standard were adopted on a retrospective basis, resulting in a reclassification on the Condensed Consolidated Statements of Cash Flows that increased cash provided by operating activities and increased cash used in financing activities for the six months ended June 30, 2016. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." This standard introduces a new approach to estimating credit losses on certain types of financial instruments, including trade receivables, and modifies the impairment model for available-for-sale debt securities. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early application permitted. We are currently assessing the impact that this standard will have on our Condensed Consolidated Financial Statements. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory." ASU 2016-16 clarifies that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU 2016-16 is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. We are currently assessing the impact that this standard will have on our Condensed Consolidated Financial Statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." ASU 2017-04 simplifies the goodwill impairment testing by eliminating Step 2 from the goodwill impairment testing required, should an impairment be discovered during its annual or interim assessment. ASU 2017-04 is effective for annual or interim impairment tests beginning after December 15, 2019, with early adoption permitted. We plan to early adopt this standard on a prospective basis for our annual, and any interim, goodwill impairment testing performed after January 1, 2017, and this is considered a change in accounting principle. We are early adopting this standard as it will decrease the cost and complexity in applying current GAAP without significantly changing the usefulness of the information provided to users of our Condensed Consolidated Financial Statements. In March 2017, the FASB issued ASU 2017-07, "Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." ASU 2017-07 requires that only the service cost component of pension and postretirement benefit costs be reported within income from operations. The other components of net benefit cost are required to be presented in the income statement outside of income from operations, if presented. In addition, this ASU allows only the service cost component to be eligible for capitalization when applicable. ASU 2017-07 is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. Presentation on the Condensed Consolidated Statements of Operations will be retrospective and any impact to capitalized costs will be prospectively adopted. We plan to adopt this standard in the first quarter of 2018 and expect the impact to be reclassifications of applicable costs and credits from income from operations to other income (expense).
Income Tax, Policy	For interim tax reporting, we estimate our annual effective tax rate and apply it to our year-to-date ordinary income. Tax jurisdictions with a projected or year-to-date loss for which a tax benefit cannot be realized are excluded from the annualized effective tax rate. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, are reported in the interim period in which they occur.
Pension and Other Postretirement Plans, Pensions, Policy	We have pension plans covering the majority of our employees. Benefits generally are based on compensation and service for salaried employees and job grade and length of service for hourly employees. In addition, we have an unfunded supplemental employee retirement plan (SERP) that covers certain salaried U.S.-based employees of Libbey hired before January 1, 2006. The U.S. pension plans cover the salaried U.S.-based employees of Libbey hired before January 1, 2006 and most hourly U.S.-based employees (excluding employees hired at Shreveport after December 15, 2008 and at Toledo after September 30, 2010). Effective January 1, 2013, we ceased annual company contribution credits to the cash balance accounts in our Libbey U.S. Salaried Pension Plan and SERP. The non-U.S. pension plans cover the employees of our wholly owned subsidiary in Mexico and are unfunded.
Pension and Other Postretirement Plans, Nonpension Benefits, Policy	We provide certain retiree health care and life insurance benefits covering our U.S. and Canadian salaried employees hired before January 1, 2004 and a majority of our union hourly employees (excluding employees hired at Shreveport after December 15, 2008 and at Toledo after September 30, 2010). Employees are generally eligible for benefits upon retirement and completion of a specified number of years of creditable service. Benefits for most hourly retirees are determined by collective bargaining. The U.S. non-pension postretirement plans cover the hourly and salaried U.S.-based employees of Libbey (excluding those mentioned above). The non-U.S. non-pension postretirement plans cover the retirees and active employees of Libbey who are located in Canada. The postretirement benefit plans are unfunded.
Earnings Per Share, Policy	When applicable, diluted shares outstanding include the dilutive impact of restricted stock units. Diluted shares also include the impact of eligible employee stock options, which are calculated based on the average share price for each fiscal period using the treasury stock method. As part of the adoption of ASU 2016-09 as of January 1, 2017, anticipated tax windfalls and shortfalls are no longer included in the calculation of assumed proceeds when applying the treasury stock method.
Derivatives, Policy	Derivatives We utilize derivative financial instruments to hedge certain interest rate risks associated with our long-term debt, commodity price risks associated with forecasted future natural gas requirements and foreign exchange rate risks associated with transactions denominated in a currency other than the U.S. dollar. These derivatives, except for the foreign currency contracts and the natural gas contracts used in our Mexican manufacturing facilities, qualify for hedge accounting since the hedges are highly effective, and we have designated and documented contemporaneously the hedging relationships involving these derivative instruments. While we intend to continue to meet the conditions for hedge accounting, if hedges do not qualify as highly effective or if we do not believe that forecasted transactions would occur, the changes in the fair value of the derivatives used as hedges would be reflected in our earnings.
Segment Reporting, Policy	Segments Our reporting segments align with our regionally focused organizational structure, which we believe enables us to better serve customers across the globe. Under this structure, we report financial results for U.S. and Canada; Latin America; Europe, the Middle East and Africa (EMEA); and Other. Segment results are based primarily on the geographical destination of the sale. In the first quarter of 2017, net sales and related costs for certain countries were reclassified between segments to align with changes in business unit responsibilities. Accordingly, 2016 segment results have been reclassified to conform with the revised structure. The revised 2016 segment results do not affect any previously reported consolidated financial results. Our three reportable segments are defined below. Our operating segment that does not meet the criteria to be a reportable segment is disclosed as Other. U.S. & Canada—includes sales of manufactured and sourced tableware having an end market destination in the U.S and Canada, excluding glass products for Original Equipment Manufacturers (OEM), which remain in the Latin America segment. Latin America—includes primarily sales of manufactured and sourced glass tableware having an end market destination in Latin America, including glass products for OEMs that have an end market destination outside of Latin America. EMEA—includes primarily sales of manufactured and sourced glass tableware having an end market destination in Europe, the Middle East and Africa. Other—includes primarily sales of manufactured and sourced glass tableware having an end market destination in Asia Pacific. Our measure of profit for our reportable segments is Segment Earnings before Interest and Taxes (Segment EBIT) and excludes amounts related to certain items we consider not representative of ongoing operations as well as certain retained corporate costs and other allocations that are not considered by management when evaluating performance. As the gain (loss) on mark-to-market natural gas contracts is considered representative of our ongoing operations, it is included in Segment EBIT in 2017; the prior year derivative amount originally excluded from Segment EBIT in 2016 has been reclassified and included in Segment EBIT to conform to the current year presentation. We use Segment EBIT, along with net sales and selected cash flow information, to evaluate performance and to allocate resources. Segment EBIT for reportable segments includes an allocation of some corporate expenses based on the costs of services performed. Certain activities not related to any particular reportable segment are reported within retained corporate costs. These costs include certain headquarter, administrative and facility costs, and other costs that are global in nature and are not allocable to the reporting segments. The accounting policies of the reportable segments are the same as those described in note 2. We do not have any customers who represent 10 percent or more of total sales. Inter-segment sales are consummated at arm’s length and are reflected at end market reporting below.
Fair Value of Financial Instruments, Policy	The fair values of our commodity futures natural gas contracts are determined using observable market inputs. The fair value of our interest rate swap is based on the market standard methodology of netting the discounted expected future variable cash receipts and the discounted future fixed cash payments. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves. Since these inputs are observable in active markets over the terms that the instruments are held, the derivatives are classified as Level 2 in the hierarchy. We also evaluate Company and counterparty risk in determining fair values. The commodity futures natural gas contracts and interest rate swap are hedges of either recorded assets or liabilities or anticipated transactions.

Significant Accounting Polici22

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Stock-based compensation expense charged to the Condensed Consolidated Statements of Operations is as follows: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Stock-based compensation expense $ 1,316 $ 1,507 $ 2,148 $ 3,323

Balance Sheet Details (Tables)

Balance Sheet Details (Tables)	6 Months Ended
	Jun. 30, 2017
Balance Sheet Details [Abstract]
Schedule of Other Assets and Other Liabilities [Table Text Block]	The following table provides detail of selected balance sheet items: (dollars in thousands) June 30, 2017 December 31, 2016 Accounts receivable: Trade receivables $ 87,330 $ 82,851 Other receivables 1,639 2,262 Total accounts receivable, less allowances of $8,561 and $7,832 $ 88,969 $ 85,113 Inventories: Finished goods $ 162,084 $ 152,261 Work in process 1,791 1,625 Raw materials 4,198 4,432 Repair parts 10,721 10,558 Operating supplies 1,272 1,133 Total inventories, less loss provisions of $10,417 and $9,484 $ 180,066 $ 170,009 Accrued liabilities: Accrued incentives $ 25,398 $ 19,771 Other accrued liabilities 24,750 22,036 Total accrued liabilities $ 50,148 $ 41,807

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Borrowings consist of the following: (dollars in thousands) Interest Rate Maturity Date June 30, December 31, Borrowings under ABL Facility floating April 9, 2019 $ — $ — Term Loan B floating (1) April 9, 2021 396,800 409,000 AICEP Loan 0.00% July 30, 2018 3,421 3,320 Total borrowings 400,221 412,320 Less — unamortized discount and finance fees 3,840 4,480 Total borrowings — net 396,381 407,840 Less — long term debt due within one year 6,174 5,009 Total long-term portion of borrowings — net $ 390,207 $ 402,831 ________________________ (1) We have entered into an interest rate swap which effectively fixes a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swap in note 8 for additional details. The Term Loan B floating interest rate was 4.10 percent at June 30, 2017 .

Pension and Non-pension Postr25

Pension and Non-pension Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2017
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	The components of our net pension expense, including the SERP, are as follows: Three months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2017 2016 2017 2016 2017 2016 Service cost $ 883 $ 863 $ 277 $ 318 $ 1,160 $ 1,181 Interest cost 3,442 3,705 701 670 4,143 4,375 Expected return on plan assets (5,623 ) (5,760 ) — — (5,623 ) (5,760 ) Amortization of unrecognized: Prior service cost (credit) 59 66 (52 ) (53 ) 7 13 Actuarial loss 1,265 1,016 152 203 1,417 1,219 Settlement charge — 42 — 170 — 212 Pension expense $ 26 $ (68 ) $ 1,078 $ 1,308 $ 1,104 $ 1,240 Six months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2017 2016 2017 2016 2017 2016 Service cost $ 1,958 $ 1,859 $ 528 $ 635 $ 2,486 $ 2,494 Interest cost 6,892 7,482 1,338 1,342 8,230 8,824 Expected return on plan assets (11,240 ) (11,515 ) — — (11,240 ) (11,515 ) Amortization of unrecognized: Prior service cost (credit) 118 132 (99 ) (107 ) 19 25 Actuarial loss 2,617 2,136 290 405 2,907 2,541 Settlement charge — 42 — 170 — 212 Pension expense $ 345 $ 136 $ 2,057 $ 2,445 $ 2,402 $ 2,581
Non-Pension Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	The provision for our non-pension postretirement benefit expense consists of the following: Three months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2017 2016 2017 2016 2017 2016 Service cost $ 96 $ 199 $ — $ 1 $ 96 $ 200 Interest cost 471 652 11 12 482 664 Amortization of unrecognized: Prior service cost (credit) (51 ) 35 — — (51 ) 35 Actuarial loss / (gain) (154 ) 20 (13 ) (11 ) (167 ) 9 Non-pension postretirement benefit expense $ 362 $ 906 $ (2 ) $ 2 $ 360 $ 908 Six months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2017 2016 2017 2016 2017 2016 Service cost $ 316 $ 398 $ — $ 1 $ 316 $ 399 Interest cost 1,052 1,304 22 24 1,074 1,328 Amortization of unrecognized: Prior service cost (credit) (101 ) 70 — — (101 ) 70 Actuarial loss / (gain) (129 ) 40 (26 ) (22 ) (155 ) 18 Non-pension postretirement benefit expense $ 1,138 $ 1,812 $ (4 ) $ 3 $ 1,134 $ 1,815

Net Income (Loss) per Share o26

Net Income (Loss) per Share of Common Stock (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation of basic and diluted earnings (loss) per share: Three months ended June 30, Six months ended June 30, (dollars in thousands, except earnings per share) 2017 2016 2017 2016 Numerator for earnings per share: Net income (loss) that is available to common shareholders $ (832 ) $ 8,695 $ (7,402 ) $ 9,413 Denominator for basic earnings per share: Weighted average shares outstanding 22,029,519 21,865,315 21,984,365 21,857,743 Denominator for diluted earnings per share: Effect of stock options and restricted stock units — 138,071 — 143,860 Adjusted weighted average shares and assumed conversions 22,029,519 22,003,386 21,984,365 22,001,603 Basic earnings (loss) per share $ (0.04 ) $ 0.40 $ (0.34 ) $ 0.43 Diluted earnings (loss) per share $ (0.04 ) $ 0.40 $ (0.34 ) $ 0.43 Shares excluded from diluted earnings (loss) per share due to: Net loss position (excluded from denominator) 60,141 — 111,791 — Inclusion would have been anti-dilutive (excluded from calculation) 924,652 641,964 744,317 628,134

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Schedule of Derivative Assets and Liabilities at Fair Value	The following table provides the fair values of our derivative financial instruments for the periods presented: Asset Derivatives: (dollars in thousands) June 30, 2017 December 31, 2016 Derivatives designated as hedging instruments under FASB ASC 815: Balance Sheet Location Fair Value Balance Sheet Location Fair Value Natural gas contracts Prepaid and other current assets $ — Prepaid and other current assets $ 702 Natural gas contracts Other assets — Other assets 45 Total designated — 747 Derivatives not designated as hedging instruments under FASB ASC 815: Natural gas contracts Prepaid and other current assets — Prepaid and other current assets 732 Natural gas contracts Other assets — Other assets 29 Total undesignated — 761 Total $ — $ 1,508 Liability Derivatives: (dollars in thousands) June 30, 2017 December 31, 2016 Derivatives designated as hedging instruments under FASB ASC 815: Balance Sheet Location Fair Value Balance Sheet Location Fair Value Natural gas contracts Derivative liability - current $ 100 Derivative liability - current $ — Natural gas contracts Other long-term liabilities 19 Other long-term liabilities — Interest rate contract Derivative liability - current 1,040 Derivative liability - current 1,928 Interest rate contract Other long-term liabilities 353 Other long-term liabilities 107 Total designated 1,512 2,035 Derivatives not designated as hedging instruments under FASB ASC 815: Natural gas contracts Derivative liability - current 38 Derivative liability - current — Natural gas contracts Other long-term liabilities 20 Other long-term liabilities — Total undesignated 58 — Total $ 1,570 $ 2,035
Summary of the Effective Portion of Derivative Gain (Loss) Recognized in Other Comprehensive Income (Loss)	The following table provides a summary of the effective portion of derivative gain (loss) recognized in other comprehensive income (loss) from our interest rate swap: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivatives in Cash Flow Hedging relationships: Interest rate swap $ (619 ) $ (1,603 ) $ (415 ) $ (4,822 ) Total $ (619 ) $ (1,603 ) $ (415 ) $ (4,822 ) The following table provides a summary of the effective portion of derivative gain (loss) recognized in other comprehensive income (loss) from our natural gas contracts: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivatives in Cash Flow Hedging relationships: Natural gas contracts $ (239 ) $ 710 $ (709 ) $ 94 Total $ (239 ) $ 710 $ (709 ) $ 94
Reclassification out of Accumulated Other Comprehensive Income	The following table provides a summary of the effective portion of derivative reclassified from accumulated other comprehensive loss to the Condensed Consolidated Statements of Operations from our natural gas contracts: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivative: Location: Natural gas contracts Cost of sales $ 90 $ (515 ) $ 157 $ (1,055 ) Total impact on net income (loss) $ 90 $ (515 ) $ 157 $ (1,055 ) The following table provides a summary of the effective portion of derivative reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of Operations from our interest rate swap: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivative: Location: Interest rate swap Interest (expense) $ (472 ) $ (620 ) $ (1,057 ) $ (1,011 ) Total impact on net income (loss) $ (472 ) $ (620 ) $ (1,057 ) $ (1,011 )
Summary of Derivatives Not Designated as Hedging Instruments Recognized in the Statement of Operations	Gains (losses) on currency derivatives that were not designated as hedging instruments are recorded in other income (expense) as follows: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Derivative: Location: Currency contracts Other income (expense) $ — $ 31 $ — $ (387 ) Total $ — $ 31 $ — $ (387 )
Natural Gas Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Summary of the Gain (Loss) Recognized in the Statement of Operations	The following table provides a summary of the gain (loss) recognized in other income (expense) in the Condensed Consolidated Statements of Operations from our natural gas contracts in Mexico: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Contracts where hedge accounting was not elected $ (236 ) $ 769 $ (819 ) $ 1,139 Total $ (236 ) $ 769 $ (819 ) $ 1,139

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated other comprehensive loss, net of tax, is as follows: Three months ended June 30, 2017 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Postretirement Benefits Accumulated Other Balance March 31, 2017 $ (26,420 ) $ (350 ) $ (96,398 ) $ (123,168 ) Other comprehensive income (loss) 5,589 (858 ) 4,801 9,532 Currency impact — — (258 ) (258 ) Amounts reclassified from accumulated other comprehensive income (loss): Amortization of actuarial loss (1) — — 1,250 1,250 Amortization of prior service cost (1) — — (44 ) (44 ) Cost of sales — (90 ) — (90 ) Interest expense — 472 — 472 Current-period other comprehensive income (loss) 5,589 (476 ) 5,749 10,862 Tax effect — (87 ) (2,755 ) (2,842 ) Balance on June 30, 2017 $ (20,831 ) $ (913 ) $ (93,404 ) $ (115,148 ) Six months ended June 30, 2017 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Postretirement Benefits Accumulated Other Balance on December 31, 2016 $ (27,828 ) $ (515 ) $ (96,854 ) $ (125,197 ) Other comprehensive income (loss) 6,997 (1,124 ) 4,801 10,674 Currency impact — — (738 ) (738 ) Amounts reclassified from accumulated other comprehensive income (loss): Amortization of actuarial loss (1) — — 2,752 2,752 Amortization of prior service cost (1) — — (82 ) (82 ) Cost of sales — (157 ) — (157 ) Interest expense — 1,057 — 1,057 Current-period other comprehensive income (loss) 6,997 (224 ) 6,733 13,506 Tax effect — (174 ) (3,283 ) (3,457 ) Balance on June 30, 2017 $ (20,831 ) $ (913 ) $ (93,404 ) $ (115,148 ) Three months ended June 30, 2016 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Postretirement Benefits Accumulated Other Balance on March 31, 2016 $ (19,708 ) $ (3,718 ) $ (94,470 ) $ (117,896 ) Other comprehensive income (loss) (3,298 ) (893 ) 2,755 (1,436 ) Currency impact — — 409 409 Amounts reclassified from accumulated other comprehensive income (loss): Amortization of actuarial loss (1) — — 1,228 1,228 Amortization of prior service cost (1) — — 48 48 Cost of sales — 515 — 515 Interest Expense — 620 — 620 Current-period other comprehensive income (loss) (3,298 ) 242 4,440 1,384 Tax effect 419 (85 ) (1,402 ) (1,068 ) Balance on June 30, 2016 $ (22,587 ) $ (3,561 ) $ (91,432 ) $ (117,580 ) Six months ended June 30, 2016 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Postretirement Benefits Accumulated Other Balance on December 31, 2015 $ (22,913 ) $ (1,860 ) $ (95,459 ) $ (120,232 ) Other comprehensive income (loss) 52 (4,728 ) 2,755 (1,921 ) Currency impact — — 512 512 Amounts reclassified from accumulated other comprehensive income (loss): Amortization of actuarial loss (1) — — 2,559 2,559 Amortization of prior service cost (1) — — 95 95 Cost of sales — 1,055 — 1,055 Interest Expense — 1,011 — 1,011 Current-period other comprehensive income (loss) 52 (2,662 ) 5,921 3,311 Tax effect 274 961 (1,894 ) (659 ) Balance on June 30, 2016 $ (22,587 ) $ (3,561 ) $ (91,432 ) $ (117,580 ) ___________________________ (1) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost within the cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Reconciliation from Segment Totals to Consolidated [Table Text Block]	Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Net Sales: U.S. & Canada $ 121,871 $ 125,061 $ 231,200 $ 237,113 Latin America 36,503 40,619 67,225 74,822 EMEA 31,054 32,709 56,385 60,569 Other 8,086 9,513 15,698 18,205 Consolidated $ 197,514 $ 207,902 $ 370,508 $ 390,709 Segment EBIT: U.S. & Canada $ 15,045 $ 24,457 $ 22,546 $ 37,297 Latin America 1,907 8,570 (1,172 ) 13,272 EMEA (2,057 ) 355 (2,894 ) (142 ) Other (854 ) 876 (2,069 ) 1,326 Total Segment EBIT $ 14,041 $ 34,258 $ 16,411 $ 51,753 Reconciliation of Segment EBIT to Net Income (Loss): Segment EBIT $ 14,041 $ 34,258 $ 16,411 $ 51,753 Retained corporate costs (5,095 ) (7,050 ) (12,386 ) (13,774 ) Pension settlement — (212 ) — (212 ) Reorganization charges (2,488 ) — (2,488 ) — Product portfolio optimization — (6,784 ) — (6,784 ) Executive terminations — 328 — (4,619 ) Interest expense (5,138 ) (5,154 ) (10,005 ) (10,398 ) (Provision) benefit for income taxes (2,152 ) (6,691 ) 1,066 (6,553 ) Net income (loss) $ (832 ) $ 8,695 $ (7,402 ) $ 9,413 Depreciation & Amortization: U.S. & Canada $ 3,084 $ 3,379 $ 6,166 $ 6,835 Latin America 4,510 4,516 8,907 9,058 EMEA 1,848 3,617 3,692 5,775 Other 1,329 1,409 2,683 2,837 Corporate 457 433 935 930 Consolidated $ 11,228 $ 13,354 $ 22,383 $ 25,435 Capital Expenditures: U.S. & Canada $ 2,457 $ 2,154 $ 4,394 $ 5,993 Latin America 4,482 1,380 11,464 3,676 EMEA 7,633 889 10,396 3,107 Other 255 895 468 1,590 Corporate 269 338 326 1,145 Consolidated $ 15,096 $ 5,656 $ 27,048 $ 15,511

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value at Fair Value at Asset / (Liability) (dollars in thousands) June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Commodity futures natural gas contracts $ — $ (177 ) $ — $ (177 ) $ — $ 1,508 $ — $ 1,508 Interest rate swap — (1,393 ) — (1,393 ) — (2,035 ) — (2,035 ) Net derivative asset (liability) $ — $ (1,570 ) $ — $ (1,570 ) $ — $ (527 ) $ — $ (527 )
Fair Value Disclosures, Carrying Value and Estimated Fair Value of Debt Instruments [Table Text Block]	Financial instruments carried at cost on the Condensed Consolidated Balance Sheets, as well as the related fair values, are as follows: June 30, 2017 December 31, 2016 (dollars in thousands) Fair Value Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan B Level 2 $ 396,800 $ 359,104 $ 409,000 $ 412,068

Other Income (Expense) (Tables)

Other Income (Expense) (Tables)	6 Months Ended
	Jun. 30, 2017
Other Income and Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	Items included in other income (expense) in the Condensed Consolidated Statements of Operations are as follows: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2017 2016 2017 2016 Gain (loss) on currency transactions $ (691 ) $ 6 $ (2,235 ) $ (724 ) Gain (loss) on mark-to-market natural gas contracts (236 ) 769 (819 ) 1,139 Other non-operating income (expense) 283 27 150 372 Other income (expense) $ (644 ) $ 802 $ (2,904 ) $ 787

Description of the Business (De

Description of the Business (Details)	Jun. 30, 2017plantcountry
Production Operations
Description of Business [Line Items]
Number of countries in which entity operates	5
Sales Operations | Minimum
Description of Business [Line Items]
Number of countries in which entity operates	100
United States
Description of Business [Line Items]
Number of glass tableware manufacturing plants | plant	2

Significant Accounting Polici33

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accounting Policies [Abstract]
Stock-based compensation expense	$ 1,316	$ 1,507	$ 2,148	$ 3,323
Component of ASU 2016-09
Effects on Equity and Net Assets			2,310
Impact to Retained Deficit
Component of ASU 2016-09
Effects on Equity and Net Assets			2,300
Impact to Deferred Tax Assets
Component of ASU 2016-09
Effects on Equity and Net Assets			$ (2,300)

Balance Sheet Details (Details)

Balance Sheet Details (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accounts receivable:
Accounts receivable	$ 88,969	$ 85,113
Allowance for doubtful accounts	8,561	7,832
Inventories:
Finished goods	162,084	152,261
Work in process	1,791	1,625
Raw materials	4,198	4,432
Repair parts	10,721	10,558
Operating supplies	1,272	1,133
Total inventories, less loss provisions of $10,417 and $9,484	180,066	170,009
Inventory loss provisions	10,417	9,484
Accrued liabilities:
Accrued incentives	25,398	19,771
Other accrued liabilities	24,750	22,036
Total accrued liabilities	50,148	41,807
Trade receivables
Accounts receivable:
Accounts receivable	87,330	82,851
Other receivables
Accounts receivable:
Accounts receivable	$ 1,639	$ 2,262

Borrowings (Debt Schedule) (Det

Borrowings (Debt Schedule) (Details) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total borrowings		$ 400,221	$ 412,320
Less - unamortized discount and finance fees		3,840	4,480
Total borrowings -- net		396,381	407,840
Less -- long term debt due within one year		6,174	5,009
Total long-term portion of borrowings -- net		390,207	402,831
Subsidiaries, Libbey Glass and Libbey Europe [Member] | Asset-backed Loan Facility | Line of Credit
Debt Instrument [Line Items]
Total borrowings		0	0
Subsidiary, Libbey Glass | Senior Loans
Debt Instrument [Line Items]
Total borrowings	[1]	$ 396,800	409,000
Interest rate		4.10%
Subsidiary, Libbey Portugal | AICEP Loan | Loans Payable
Debt Instrument [Line Items]
Total borrowings		$ 3,421	$ 3,320
Interest rate		0.00%
[1]	We have entered into an interest rate swap which effectively fixes a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swap in note 8 for additional details. The Term Loan B floating interest rate was 4.10 percent at June 30, 2017.

Borrowings (ABL Credit Agreemen

Borrowings (ABL Credit Agreement Narrative) (Details) - Subsidiaries, Libbey Glass and Libbey Europe [Member] - Asset-backed Loan Facility - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity, Amount of Rent Reserves Offset	$ 0.5
Line of Credit Facility, Current Borrowing Capacity, Amount of Natural Gas Derivative Offset	0.2
Line of credit facility, maximum borrowing capacity	100
Line of credit facility, remaining borrowing capacity	90.3	$ 88.4
Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	30
Line of credit facility, amount outstanding	$ 7

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) $ in Millions, MXN in Billions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Aug. 31, 2016USD ($)	Aug. 31, 2016MXN
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Effective income tax rate, continuing operations	12.60%	41.00%
Timing and mix of pretax income with rates lower than US	(67.70%)	2.30%
Impact of foreign exchange	28.00%	(9.10%)
Other reconciling items	17.30%	12.80%
Mexican Tax Authority | Tax Year 2010
Income Tax Contingency [Line Items]
Number of subsidiaries in a tax assessment			1	1
Tax assessment			$ 157	MXN 3

Pension and Non-pension Postr38

Pension and Non-pension Postretirement Benefits (Net Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,160	$ 1,181	$ 2,486	$ 2,494
Interest cost	4,143	4,375	8,230	8,824
Expected return on plan assets	(5,623)	(5,760)	(11,240)	(11,515)
Amortization of unrecognized:
Prior service cost (credit)	7	13	19	25
Actuarial loss / (gain)	1,417	1,219	2,907	2,541
Settlement charge	0	212	0	212
Pension expense or non-pension postretirement benefit expense	1,104	1,240	2,402	2,581
Defined Benefit Plan, Contributions [Abstract]
Employer contributions made to defined benefit plans	600		1,900
Estimated employer contributions to defined benefit plans in remainder of 2017			600
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	883	863	1,958	1,859
Interest cost	3,442	3,705	6,892	7,482
Expected return on plan assets	(5,623)	(5,760)	(11,240)	(11,515)
Amortization of unrecognized:
Prior service cost (credit)	59	66	118	132
Actuarial loss / (gain)	1,265	1,016	2,617	2,136
Settlement charge	0	42	0	42
Pension expense or non-pension postretirement benefit expense	26	(68)	345	136
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	277	318	528	635
Interest cost	701	670	1,338	1,342
Expected return on plan assets	0	0	0	0
Amortization of unrecognized:
Prior service cost (credit)	(52)	(53)	(99)	(107)
Actuarial loss / (gain)	152	203	290	405
Settlement charge	0	170	0	170
Pension expense or non-pension postretirement benefit expense	1,078	1,308	2,057	2,445
Non-Pension Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	96	200	316	399
Interest cost	482	664	1,074	1,328
Amortization of unrecognized:
Prior service cost (credit)	(51)	35	(101)	70
Actuarial loss / (gain)	(167)	9	(155)	18
Pension expense or non-pension postretirement benefit expense	360	908	1,134	1,815
Defined Benefit Plan, Contributions [Abstract]
Employer contributions made to defined benefit plans	1,000		1,600
Estimated employer contributions to defined benefit plans in year 2017			5,000
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	96	199	316	398
Interest cost	471	652	1,052	1,304
Amortization of unrecognized:
Prior service cost (credit)	(51)	35	(101)	70
Actuarial loss / (gain)	(154)	20	(129)	40
Pension expense or non-pension postretirement benefit expense	362	906	1,138	1,812
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	1	0	1
Interest cost	11	12	22	24
Amortization of unrecognized:
Prior service cost (credit)	0	0	0	0
Actuarial loss / (gain)	(13)	(11)	(26)	(22)
Pension expense or non-pension postretirement benefit expense	$ (2)	$ 2	$ (4)	$ 3

Net Income (Loss) per Share o39

Net Income (Loss) per Share of Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Numerator for earnings per share:
Net income (loss) that is available to common shareholders	$ (832)	$ 8,695	$ (7,402)	$ 9,413
Denominator for basic earnings per share:
Weighted average shares outstanding	22,029,519	21,865,315	21,984,365	21,857,743
Denominator for diluted earnings per share:
Effect of stock options and restricted stock units	0	138,071	0	143,860
Adjusted weighted average shares and assumed conversions	22,029,519	22,003,386	21,984,365	22,001,603
Basic earnings (loss) per share	$ (0.04)	$ 0.40	$ (0.34)	$ 0.43
Diluted earnings (loss) per share	$ (0.04)	$ 0.40	$ (0.34)	$ 0.43
Net loss position (excluded from denominator)
Shares excluded from diluted earnings (loss) per share due to:
Antidilutive securities excluded from diluted earnings (loss) per share	60,141	0	111,791	0
Inclusion would have been anti-dilutive (excluded from calculation)
Shares excluded from diluted earnings (loss) per share due to:
Antidilutive securities excluded from diluted earnings (loss) per share	924,652	641,964	744,317	628,134

Derivatives (Fair Value of Deri

Derivatives (Fair Value of Derivative Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	$ 0	$ 1,508
Fair value, derivative liability	1,570	2,035
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	0	747
Fair value, derivative liability	1,512	2,035
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	0	761
Fair value, derivative liability	58	0
Natural Gas Contracts | Designated as Hedging Instrument | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	0	702
Natural Gas Contracts | Designated as Hedging Instrument | Other assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	0	45
Natural Gas Contracts | Designated as Hedging Instrument | Derivative liability, current
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	100	0
Natural Gas Contracts | Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	19	0
Natural Gas Contracts | Not Designated as Hedging Instrument | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	0	732
Natural Gas Contracts | Not Designated as Hedging Instrument | Other assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	0	29
Natural Gas Contracts | Not Designated as Hedging Instrument | Derivative liability, current
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	38	0
Natural Gas Contracts | Not Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	20	0
Interest Rate Swap | Designated as Hedging Instrument | Derivative liability, current
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	1,040	1,928
Interest Rate Swap | Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	$ 353	$ 107

Derivatives (Narrative - Commod

Derivatives (Narrative - Commodity Future Contracts) (Details) - Cash Flow Hedging - Natural Gas Contracts $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)MMBTU	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)MMBTU	Jun. 30, 2016USD ($)	Dec. 31, 2016MMBTU
Derivative [Line Items]
Forecast of commodity requirements, maximum length of time used			18 months
Natural gas contracts, notional amounts (in millions of BTUs) | MMBTU	2,350,000		2,350,000		2,590,000
Derivative, Cash Received on Hedge	$ 0.2		$ 0.3
Derivative, Additional Cash Paid on Settlement of Hedge		$ 1		$ 2.2
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			$ (0.1)
Minimum
Derivative [Line Items]
Forecast of anticipated requirements, percentage of forecast eligible for hedging	40.00%		40.00%
Maximum
Derivative [Line Items]
Forecast of anticipated requirements, percentage of forecast eligible for hedging	70.00%		70.00%

Derivatives (Effective Portion

Derivatives (Effective Portion of Derivative Gain Loss) (Details) - Designated as Hedging Instrument - Natural Gas Contracts - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion of derivative gain (loss) recognized in other comprehensive income (loss)	$ (239)	$ 710	$ (709)	$ 94
Effective portion of derivative gain (loss) reclassified from accumulated other comprehensive loss into income (loss)	90	(515)	157	(1,055)
Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion of derivative gain (loss) reclassified from accumulated other comprehensive loss into income (loss)	$ 90	$ (515)	$ 157	$ (1,055)

Derivatives (Natural Gas Gain L

Derivatives (Natural Gas Gain Loss Included in Other Income and Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Derivative [Line Items]
Gain (loss) on contracts where hedge accounting was not elected	$ 0	$ 31	$ 0	$ (387)
Natural Gas Contracts | Other Income (Expense) | Cash Flow Hedging
Derivative [Line Items]
Gain (loss) on contracts where hedge accounting was not elected	(236)	769	(819)	1,139
Gain (loss) on derivative, net	$ (236)	$ 769	$ (819)	$ 1,139

Derivatives (Interest Rate Swap

Derivatives (Interest Rate Swap) (Details) - Interest Rate Swap - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest Expense
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			$ (1,000)
Senior Loans
Derivative [Line Items]
Derivative, Notional Amount	$ 220,000		$ 220,000
Derivative, Fixed Interest Rate	4.85%		4.85%
Designated as Hedging Instrument
Derivative [Line Items]
Effective portion of derivative gain (loss) recognized in other comprehensive income (loss)	$ (619)	$ (1,603)	$ (415)	$ (4,822)
Effective portion of derivative gain (loss) reclassified from accumulated other comprehensive loss into income (loss)	(472)	(620)	(1,057)	(1,011)
Designated as Hedging Instrument | Interest Expense
Derivative [Line Items]
Effective portion of derivative gain (loss) reclassified from accumulated other comprehensive loss into income (loss)	$ (472)	$ (620)	$ (1,057)	$ (1,011)

Derivatives (Currency Contracts

Derivatives (Currency Contracts) (Details) $ in Thousands, CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017CAD	Dec. 31, 2016CAD
Derivative [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	$ 0	$ 31	$ 0	$ (387)
Other Income (Expense) | Currency Contracts
Derivative [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	$ 0	$ 31	$ 0	$ (387)
Not Designated as Hedging Instrument | Currency Contracts
Derivative [Line Items]
Derivative, Notional Amount | CAD					CAD 0	CAD 0

Accumulated Other Comprehensi46

Accumulated Other Comprehensive Income (Loss) (Schedule of AOCI) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		$ (123,168)	$ (117,896)	$ (125,197)	$ (120,232)
Other comprehensive income (loss)		9,532	(1,436)	10,674	(1,921)
Currency impact		(258)	409	(738)	512
Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of actuarial loss (1)	[1]	1,250	1,228	2,752	2,559
Amortization of prior service cost (1)	[1]	(44)	48	(82)	95
Cost of sales		(90)	515	(157)	1,055
Interest expense		472	620	1,057	1,011
Current-period other comprehensive income (loss)		10,862	1,384	13,506	3,311
Tax effect		(2,842)	(1,068)	(3,457)	(659)
Ending balance		(115,148)	(117,580)	(115,148)	(117,580)
Foreign Currency Translation
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(26,420)	(19,708)	(27,828)	(22,913)
Other comprehensive income (loss)		5,589	(3,298)	6,997	52
Amounts reclassified from accumulated other comprehensive income (loss):
Current-period other comprehensive income (loss)		5,589	(3,298)	6,997	52
Tax effect		0	419	0	274
Ending balance		(20,831)	(22,587)	(20,831)	(22,587)
Derivative Instruments
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(350)	(3,718)	(515)	(1,860)
Other comprehensive income (loss)		(858)	(893)	(1,124)	(4,728)
Amounts reclassified from accumulated other comprehensive income (loss):
Cost of sales		(90)	515	(157)	1,055
Interest expense		472	620	1,057	1,011
Current-period other comprehensive income (loss)		(476)	242	(224)	(2,662)
Tax effect		(87)	(85)	(174)	961
Ending balance		(913)	(3,561)	(913)	(3,561)
Pension and Other Postretirement Benefits
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(96,398)	(94,470)	(96,854)	(95,459)
Other comprehensive income (loss)		4,801	2,755	4,801	2,755
Currency impact		(258)	409	(738)	512
Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of actuarial loss (1)	[1]	1,250	1,228	2,752	2,559
Amortization of prior service cost (1)	[1]	(44)	48	(82)	95
Current-period other comprehensive income (loss)		5,749	4,440	6,733	5,921
Tax effect		(2,755)	(1,402)	(3,283)	(1,894)
Ending balance		$ (93,404)	$ (91,432)	$ (93,404)	$ (91,432)
[1]	These accumulated other comprehensive income components are included in the computation of net periodic benefit cost within the cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.

Segments (Details)

Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)segment	Jun. 30, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			3
Net Sales:
Net sales	$ 197,514	$ 207,902	$ 370,508	$ 390,709
Segment EBIT:
Segment EBIT	14,041	34,258	16,411	51,753
Reconciliation of Segment EBIT to Net Income (Loss):
Retained corporate costs	(5,095)	(7,050)	(12,386)	(13,774)
Pension settlement	0	(212)	0	(212)
Reorganization charges	(2,488)	0	(2,488)	0
Product Portfolio Optimization	0	(6,784)	0	(6,784)
Executive terminations	0	328	0	(4,619)
Interest expense	(5,138)	(5,154)	(10,005)	(10,398)
(Provision) benefit for income taxes	(2,152)	(6,691)	1,066	(6,553)
Net income (loss)	(832)	8,695	(7,402)	9,413
Depreciation & Amortization:
Depreciation and amortization	11,228	13,354	22,383	25,435
Capital Expenditures:
Capital Expenditures	15,096	5,656	27,048	15,511
United States & Canada
Net Sales:
Net sales	121,871	125,061	231,200	237,113
Segment EBIT:
Segment EBIT	15,045	24,457	22,546	37,297
Depreciation & Amortization:
Depreciation and amortization	3,084	3,379	6,166	6,835
Capital Expenditures:
Capital Expenditures	2,457	2,154	4,394	5,993
Latin America
Net Sales:
Net sales	36,503	40,619	67,225	74,822
Segment EBIT:
Segment EBIT	1,907	8,570	(1,172)	13,272
Depreciation & Amortization:
Depreciation and amortization	4,510	4,516	8,907	9,058
Capital Expenditures:
Capital Expenditures	4,482	1,380	11,464	3,676
EMEA
Net Sales:
Net sales	31,054	32,709	56,385	60,569
Segment EBIT:
Segment EBIT	(2,057)	355	(2,894)	(142)
Depreciation & Amortization:
Depreciation and amortization	1,848	3,617	3,692	5,775
Capital Expenditures:
Capital Expenditures	7,633	889	10,396	3,107
Other Segments
Net Sales:
Net sales	8,086	9,513	15,698	18,205
Segment EBIT:
Segment EBIT	(854)	876	(2,069)	1,326
Depreciation & Amortization:
Depreciation and amortization	1,329	1,409	2,683	2,837
Capital Expenditures:
Capital Expenditures	255	895	468	1,590
Corporate
Depreciation & Amortization:
Depreciation and amortization	457	433	935	930
Capital Expenditures:
Capital Expenditures	$ 269	$ 338	$ 326	$ 1,145

Fair Value (Details)

Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Level 1
Fair Value of Financial Instruments
Net derivative asset (liability)	$ 0	$ 0
Level 2
Fair Value of Financial Instruments
Net derivative asset (liability)	(1,570)	(527)
Level 3
Fair Value of Financial Instruments
Net derivative asset (liability)	0	0
Commodity futures natural gas contracts | Level 1
Fair Value of Financial Instruments
Net derivative asset (liability)	0	0
Commodity futures natural gas contracts | Level 2
Fair Value of Financial Instruments
Net derivative asset (liability)	(177)	1,508
Commodity futures natural gas contracts | Level 3
Fair Value of Financial Instruments
Net derivative asset (liability)	0	0
Interest Rate Swap | Level 1
Fair Value of Financial Instruments
Net derivative asset (liability)	0	0
Interest Rate Swap | Level 2
Fair Value of Financial Instruments
Net derivative asset (liability)	(1,393)	(2,035)
Interest Rate Swap | Level 3
Fair Value of Financial Instruments
Net derivative asset (liability)	0	0
Total
Fair Value of Financial Instruments
Net derivative asset (liability)	(1,570)	(527)
Total | Commodity futures natural gas contracts
Fair Value of Financial Instruments
Net derivative asset (liability)	(177)	1,508
Total | Interest Rate Swap
Fair Value of Financial Instruments
Net derivative asset (liability)	$ (1,393)	$ (2,035)

Fair Value (Debt Disclosure) (D

Fair Value (Debt Disclosure) (Details) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Value of Financial Instruments
Term Loan B, Carrying Value		$ 400,221	$ 412,320
Senior Loans | Subsidiary, Libbey Glass
Value of Financial Instruments
Term Loan B, Carrying Value	[1]	396,800	409,000
Level 2 | Senior Loans | Subsidiary, Libbey Glass
Value of Financial Instruments
Term Loan B, Fair Value		$ 359,104	$ 412,068
[1]	We have entered into an interest rate swap which effectively fixes a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swap in note 8 for additional details. The Term Loan B floating interest rate was 4.10 percent at June 30, 2017.

Other Income (Expense) (Details

Other Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	$ (644)	$ 802	$ (2,904)	$ 787
Gain (loss) on currency transactions
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	(691)	6	(2,235)	(724)
Gain (loss) on mark-to-market natural gas contracts
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	(236)	769	(819)	1,139
Other Non-Operating Income (Expense)
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	$ 283	$ 27	$ 150	$ 372

Environmental Liability (Detail

Environmental Liability (Details)	Oct. 30, 2009	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Site Contingency [Line Items]
Site Contingency, Number of Potentially Responsible Parties	8
Syracuse China
Site Contingency [Line Items]
Site Contingency, Number of Potentially Responsible Related Parties	1
Unfavorable Regulatory Action | Motors Liquidation
Site Contingency [Line Items]
Loss Contingency, Damages Paid, Value		$ 22,000,000
Other long-term liabilities | Unfavorable Regulatory Action
Site Contingency [Line Items]
Accrued Environmental Loss Contingencies, Noncurrent		800,000	$ 900,000
Other Noncurrent Assets | Unfavorable Regulatory Action
Site Contingency [Line Items]
Recorded Third-Party Environmental Recoveries, Noncurrent		400,000	$ 500,000
Minimum | Unfavorable Regulatory Action
Site Contingency [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate		17,000,000
Loss Contingency, Range of Possible Loss, Minimum		0
Maximum | Unfavorable Regulatory Action
Site Contingency [Line Items]
Site Contingency, Loss Exposure Not Accrued, Best Estimate		$ 24,800,000