Libbey (LBY) 10-Q 1 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 26, 2018
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, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		22,142,475

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net sales	$ 213,534	$ 197,514	$ 395,447	$ 370,508
Freight billed to customers	938	747	1,695	1,423
Total revenues	214,472	198,261	397,142	371,931
Cost of sales	167,979	156,868	316,979	299,341
Gross profit	46,493	41,393	80,163	72,590
Selling, general and administrative expenses	33,537	34,083	65,060	67,415
Income from operations	12,956	7,310	15,103	5,175
Other income (expense)	2,580	(852)	473	(3,638)
Earnings before interest and income taxes	15,536	6,458	15,576	1,537
Interest expense	5,456	5,138	10,540	10,005
Income (loss) before income taxes	10,080	1,320	5,036	(8,468)
Provision (benefit) for income taxes	6,092	2,152	4,009	(1,066)
Net income (loss)	$ 3,988	$ (832)	$ 1,027	$ (7,402)
Net income (loss) per share:
Basic	$ 0.18	$ (0.04)	$ 0.05	$ (0.34)
Diluted	0.18	(0.04)	0.05	(0.34)
Dividends declared per share	$ 0	$ 0.1175	$ 0.1175	$ 0.235

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income (loss)	$ 3,988	$ (832)	$ 1,027	$ (7,402)
Other comprehensive income (loss):
Pension and other post-retirement benefit adjustments, net of tax	2,879	2,994	3,634	3,450
Change in fair value of derivative instruments, net of tax	472	(563)	1,942	(398)
Foreign currency translation adjustments, net of tax	(7,392)	5,589	(3,059)	6,997
Other comprehensive income (loss), net of tax	(4,041)	8,020	2,517	10,049
Comprehensive income (loss)	$ (53)	$ 7,188	$ 3,544	$ 2,647

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets:
Cash and cash equivalents	$ 19,818	$ 24,696
Accounts receivable - net	100,948	89,997
Inventories - net	200,818	187,886
Prepaid and other current assets	18,406	12,550
Total current assets	339,990	315,129
Pension asset	3,638	2,939
Purchased intangible assets - net	13,967	14,565
Goodwill	84,412	84,412
Deferred income taxes	24,585	24,892
Other assets	10,398	9,627
Property, plant and equipment - net	264,206	265,675
Total assets	741,196	717,239
Liabilities and Shareholders' Equity:
Accounts payable	80,686	78,346
Salaries and wages	23,515	27,409
Accrued liabilities	50,465	43,223
Accrued income taxes	3,976	1,862
Pension liability (current portion)	2,172	2,185
Non-pension post-retirement benefits (current portion)	4,178	4,185
Derivative liability	0	697
Long-term debt due within one year	6,085	7,485
Total current liabilities	171,077	165,392
Long-term debt	397,626	376,905
Pension liability	40,303	43,555
Non-pension post-retirement benefits	49,152	49,758
Deferred income taxes	1,802	1,850
Other long-term liabilities	12,114	12,885
Total liabilities	672,074	650,345
Contingencies (Note 14)
Shareholders' equity:
Common stock, par value $.01 per share, 50,000,000 shares authorized, 22,132,408 shares issued in 2018 (22,018,010 shares issued in 2017)	221	220
Capital in excess of par value	334,289	333,011
Retained deficit	(162,458)	(161,165)
Accumulated other comprehensive loss	(102,930)	(105,172)
Total shareholders' equity	69,122	66,894
Total liabilities and shareholders' equity	$ 741,196	$ 717,239

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets Parenthetical - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	22,132,408	22,018,010

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Shareholders' Equity Statement - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Deficit	Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment for the adoption of ASU 2017-12				$ 275	$ (275)
Balance, shares at Dec. 31, 2017		22,018,010
Balance, value at Dec. 31, 2017	$ 66,894	$ 220	$ 333,011	(161,165)	(105,172)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,027			1,027
Other comprehensive income	2,517				2,517
Stock compensation expense	1,401		1,401
Dividends	(2,595)			(2,595)
Stock withheld for employee taxes	(214)		(214)
Stock issued, shares		114,398
Stock issued, value	92	$ 1	91
Balance, shares at Jun. 30, 2018		22,132,408
Balance, value at Jun. 30, 2018	$ 69,122	$ 221	$ 334,289	$ (162,458)	$ (102,930)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating activities:
Net income (loss)	$ 1,027	$ (7,402)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	23,119	22,383
Loss on asset sales and disposals	232	54
Change in accounts receivable	(11,477)	(2,538)
Change in inventories	(13,956)	(7,182)
Change in accounts payable	919	(6,344)
Accrued interest and amortization of discounts and finance fees	449	713
Pension & non-pension post-retirement benefits, net	176	2,982
Accrued liabilities & prepaid expenses	1,215	9,442
Income taxes	(1,698)	(3,619)
Share-based compensation expense	1,456	2,148
Other operating activities	(662)	(728)
Net cash provided by operating activities	800	9,909
Investing activities:
Additions to property, plant and equipment	(21,349)	(27,048)
Net cash used in investing activities	(21,349)	(27,048)
Financing activities:
Borrowings on ABL credit facility	51,131	3,277
Repayments on ABL credit facility	(28,631)	(3,277)
Other repayments	(1,383)	(169)
Repayments on Term Loan B	(2,200)	(12,200)
Stock options exercised	0	466
Taxes paid on distribution of equity awards	(214)	(601)
Dividends	(2,595)	(5,169)
Other financing activities	0	888
Net cash provided by (used in) financing activities	16,108	(16,785)
Effect of exchange rate fluctuations on cash	(437)	1,080
Decrease in cash	(4,878)	(32,844)
Cash & cash equivalents at beginning of period	24,696	61,011
Cash & cash equivalents at end of period	19,818	28,167
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	9,766	9,155
Cash paid during the period for income taxes	$ 3,584	$ 2,011

Description of the Business

Description of the Business	6 Months Ended
	Jun. 30, 2018
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 ® , Master's 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 channels of distribution. 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, 2018
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, 2018 , are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 . The balance sheet at December 31, 2017 , 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, 2017 . Cost of Sales Cost of sales includes cost to manufacture and/or purchase products, warehouse, shipping and delivery costs and other costs. Shipping and delivery costs associated with outbound freight after control of a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of sales. In addition, reimbursement of certain pre-production costs is considered a development activity and is included in cost of sales. 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) 2018 2017 2018 2017 Stock-based compensation expense $ 1,166 $ 1,316 $ 1,456 $ 2,148 Reclassifications In connection with our adoption of ASU 2017-07, certain pension and non-pension expense amounts in prior periods have been reclassified to conform with the current period presentation. See New Accounting Standards - Adopted below. New Accounting Standards - Adopted 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 either were determined to be not applicable or are expected to have minimal impact on the Company’s Condensed Consolidated Financial Statements. On January 1, 2018, we adopted ASU 2014-09, Revenue From Contracts With Customers and all related amendments, also known as ASC Topic 606, using the modified retrospective method. There was no cumulative effect adjustment required as a result of initially applying the new standard to existing contracts at adoption on January 1, 2018, and we expect the impact of adopting the new standard to be immaterial to our Condensed Consolidated Statement of Operations on an ongoing basis. Additionally, there was no impact to our Condensed Consolidated Balance Sheets. The enhanced disclosure requirements are included in note 11, Revenue . Results for reporting periods beginning on or after January 1, 2018, are presented under ASC Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our previous accounting under ASC Topic 605. On January 1, 2018, we adopted ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost . ASU 2017-07 improves the presentation of net periodic pension and post-retirement benefit costs. We retrospectively adopted the presentation that the service cost component of pension and post-retirement benefit costs be reported within income from operations. The other components of net benefit cost (interest costs, expected return on assets, amortization of prior service costs, settlement charges and other costs) have been reclassified from cost of sales and selling, general and administrative expenses to other income (expense). On a prospective basis, only the service cost component will be capitalized in inventory or property, plant and equipment, when applicable. The effect of the retrospective presentation change related to the net periodic pension and non-pension benefit costs (credits) on our Condensed Consolidated Statement of Operations was as follows: Three months ended June 30, 2017 Six months ended June 30, 2017 (dollars in thousands) Previously Reported Reclassification As Revised Previously Reported Reclassification As Revised Cost of sales $ 157,483 $ (615 ) $ 156,868 $ 300,839 $ (1,498 ) $ 299,341 Selling, general and administrative expenses 33,676 407 34,083 66,651 764 67,415 Other income (expense) (644 ) (208 ) (852 ) (2,904 ) (734 ) (3,638 ) On January 1, 2018, we early adopted ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . ASU 2017-12 amended the hedge accounting rules to simplify the application of hedge accounting guidance and better portray the economic results of risk management activities in the financial statements. As of January 1, 2018, we recorded a $0.3 million reduction to our retained deficit and an increase in accumulated other comprehensive loss related to our natural gas swap contracts in Mexico that were previously not designated as hedging instruments. On a prospective basis, the change in fair value of these derivatives will be recognized in other comprehensive income (loss) rather than other income (expense) within the Condensed Consolidated Statement of Operations. Results and disclosures for reporting periods beginning on or after January 1, 2018, are presented under the new guidance within ASU 2017-12, while prior period amounts and disclosures are not adjusted and continue to be reported in accordance with our previous accounting. See note 8, Derivatives , for further details and disclosures. New Accounting Standards - Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires a lessee to recognize on the balance sheet right-of-use assets and corresponding 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 us in the first quarter of 2019. ASU 2016-02 requires lessees and lessors to 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. In the first quarter of 2018, the FASB stated they plan to provide an optional transition method permitting an entity to apply the transition provisions of ASU 2016-02 at its adoption date instead of at the earliest comparative period presented in the financial statements. This would ease the transition burden and allow us to record a cumulative effect adjustment to retained earnings as of January 1, 2019, without restatement of the previously reported comparative periods. Therefore, this is our preferred adoption method if ultimately permitted by the FASB. We are currently evaluating the extent of the impact the new lease guidance will have on our financial statements and related disclosures, including the additional assets and liabilities that will be recognized on the balance sheet. To facilitate this, we are utilizing a comprehensive approach to review our lease portfolio, have selected a system for managing our leases, and are in the middle of system implementation and updating of our controls. See note 15, Operating Leases, in our 2017 Annual Report on Form 10-K for the year ended December 31, 2017, for our minimum lease commitments under non-cancellable operating leases. 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 February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This standard allows an optional reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. Consequently, the stranded tax effects resulting from the Tax Cuts and Jobs Act will be eliminated, resulting in more useful information reported to financial statement users. ASU 2018-02 relates to only the reclassification of the income tax effects of the Tax Cuts and Jobs Act. The underlying guidance requiring that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, 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.

Balance Sheet Details

Balance Sheet Details	6 Months Ended
	Jun. 30, 2018
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, 2018 December 31, 2017 Accounts receivable: Trade receivables $ 99,080 $ 88,786 Other receivables 1,868 1,211 Total accounts receivable, less allowances of $6,987 and $9,051 $ 100,948 $ 89,997 Inventories: Finished goods $ 183,560 $ 170,774 Work in process 1,441 1,485 Raw materials 3,994 3,906 Repair parts 10,404 10,240 Operating supplies 1,419 1,481 Total inventories, less loss provisions of $10,120 and $10,308 $ 200,818 $ 187,886 Accrued liabilities: Accrued incentives $ 25,075 $ 19,728 Other accrued liabilities 25,390 23,495 Total accrued liabilities $ 50,465 $ 43,223

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2018
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 (2) December 7, 2022 (1) $ 22,500 $ — Term Loan B floating (3) April 9, 2021 382,400 384,600 AICEP Loan 0.00% July 30, 2018 1,685 3,085 Total borrowings 406,585 387,685 Less — unamortized discount and finance fees 2,874 3,295 Total borrowings — net 403,711 384,390 Less — long term debt due within one year 6,085 7,485 Total long-term portion of borrowings — net $ 397,626 $ 376,905 ________________________ (1) Maturity date will be January 9, 2021, if Term Loan B is not refinanced by this date. (2) The interest rate for the ABL Facility is comprised of several different borrowings at various rates. The weighted average rate of all ABL Facility borrowings was 3.65 percent at June 30, 2018. (3) We have entered into an interest rate swap that 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 5.05 percent at June 30, 2018. At June 30, 2018 , the available borrowing base under the ABL Facility was offset by a $0.5 million rent reserve. The ABL Facility also provides for the issuance of up to $15.0 million of letters of credit that, when outstanding, are applied against the $100.0 million limit. At June 30, 2018 , $9.1 million in letters of credit were outstanding. Remaining unused availability under the ABL Facility was $68.0 million at June 30, 2018 , compared to $91.9 million at December 31, 2017 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
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 79.6 percent for the six months ended June 30, 2018 , compared to 12.6 percent for the six months ended June 30, 2017 . Our effective tax rate for the six months ended June 30, 2018, which was above the United States statutory rate of 21 percent, was increased 33.6 percent by the timing and mix of pretax income earned outside the United States, increased 1.9 percent by the impact of foreign exchange, and increased 23.1 percent by other items including foreign withholding tax and nondeductible expenses. Our effective tax rate for the six months ended June 30, 2017, which was below the United States statutory rate of 35 percent, was reduced 67.7 percent by the timing and mix of pretax income earned outside the United States, increased 28.0 percent by the impact of foreign exchange, and increased 17.3 percent by other items including foreign withholding tax and nondeductible expenses. 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, the Mexican tax authority (SAT) assessed one of our Mexican subsidiaries 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 U.S. 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, 2018. The Tax Cuts and Jobs Act (the Act), enacted December 22, 2017, changed many aspects of the U.S. tax code. Our accounting for the Act is incomplete. As noted at year-end, however, we were able to reasonably estimate certain effects and, therefore, recorded provisional adjustments associated with the deemed repatriation transition tax and the revaluation of our deferred taxes. We have not yet adopted an accounting policy regarding whether we will treat Global Intangible Low Taxed Income (GILTI) as a period cost or establish deferred taxes related thereto. We have not made any additional measurement-period adjustments related to these items during the first six months of the year. However, we are continuing to gather additional information to complete our accounting for these items and expect to complete our accounting within the prescribed measurement period.

Pension and Non-pension Post-re

Pension and Non-pension Post-retirement Benefits	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Pension and Non-pension Postretirement Benefits	Pension and Non-pension Post-retirement 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) 2018 2017 2018 2017 2018 2017 Service cost $ 1,025 $ 883 $ 284 $ 277 $ 1,309 $ 1,160 Interest cost 3,142 3,442 741 701 3,883 4,143 Expected return on plan assets (5,669 ) (5,623 ) — — (5,669 ) (5,623 ) Amortization of unrecognized: Prior service cost (credit) 1 59 (50 ) (52 ) (49 ) 7 Actuarial loss 1,599 1,265 154 152 1,753 1,417 Pension expense $ 98 $ 26 $ 1,129 $ 1,078 $ 1,227 $ 1,104 Six months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2018 2017 2018 2017 2018 2017 Service cost $ 2,004 $ 1,958 $ 576 $ 528 $ 2,580 $ 2,486 Interest cost 6,307 6,892 1,504 1,338 7,811 8,230 Expected return on plan assets (11,329 ) (11,240 ) — — (11,329 ) (11,240 ) Amortization of unrecognized: Prior service cost (credit) 1 118 (101 ) (99 ) (100 ) 19 Actuarial loss 3,236 2,617 313 290 3,549 2,907 Pension expense $ 219 $ 345 $ 2,292 $ 2,057 $ 2,511 $ 2,402 We have contributed $0.6 million and $1.2 million of cash into our pension plans for the three months and six months ended June 30, 2018 , respectively. Pension contributions for the remainder of 2018 are estimated to be $1.1 million . We provide certain retiree healthcare 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, post-retirement plans cover the hourly and salaried U.S.-based employees of Libbey (excluding those mentioned above). The non-U.S., non-pension, post-retirement plans cover the retirees and active employees of Libbey who are located in Canada. The post-retirement benefit plans are unfunded. The provision for our non-pension, post-retirement, benefit expense consists of the following: Three months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2018 2017 2018 2017 2018 2017 Service cost $ 151 $ 96 $ — $ — $ 151 $ 96 Interest cost 455 471 10 11 465 482 Amortization of unrecognized: Prior service cost (credit) (70 ) (51 ) — — (70 ) (51 ) Actuarial loss / (gain) (53 ) (154 ) (17 ) (13 ) (70 ) (167 ) Non-pension post-retirement benefit expense $ 483 $ 362 $ (7 ) $ (2 ) $ 476 $ 360 Six months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2018 2017 2018 2017 2018 2017 Service cost $ 302 $ 316 $ — $ — $ 302 $ 316 Interest cost 911 1,052 20 22 931 1,074 Amortization of unrecognized: Prior service cost (credit) (141 ) (101 ) — — (141 ) (101 ) Actuarial loss / (gain) (105 ) (129 ) (33 ) (26 ) (138 ) (155 ) Non-pension post-retirement benefit expense $ 967 $ 1,138 $ (13 ) $ (4 ) $ 954 $ 1,134 Our 2018 estimate of non-pension cash payments is $4.3 million , of which we have paid $1.1 million and $1.9 million for the three months and six months ended June 30, 2018 , respectively.

Net Income (Loss) per Share of

Net Income (Loss) per Share of Common Stock	6 Months Ended
	Jun. 30, 2018
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 loss per share: Three months ended June 30, Six months ended June 30, (dollars in thousands, except earnings per share) 2018 2017 2018 2017 Numerator for earnings per share: Net income (loss) that is available to common shareholders $ 3,988 $ (832 ) $ 1,027 $ (7,402 ) Denominator for basic earnings per share: Weighted average shares outstanding 22,170,338 22,029,519 22,130,503 21,984,365 Denominator for diluted earnings per share: Effect of stock options and restricted stock units 185,550 — 36,584 — Adjusted weighted average shares and assumed conversions 22,355,888 22,029,519 22,167,087 21,984,365 Basic earnings (loss) per share $ 0.18 $ (0.04 ) $ 0.05 $ (0.34 ) Diluted earnings (loss) per share $ 0.18 $ (0.04 ) $ 0.05 $ (0.34 ) 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) 752,375 924,652 982,386 744,317 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.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2018
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 and commodity price risks associated with forecasted future natural gas requirements. These derivatives, except for the natural gas contracts used in our Mexican manufacturing facilities prior to 2018, 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. Prior to January 1, 2018, our derivatives used to reduce economic volatility of natural gas prices in Mexico were not designated as cash flow hedges. All mark-to-market changes on these derivatives were reflected in other income (expense). On January 1, 2018, we adopted ASU 2017-12 for hedge accounting. Under this new guidance, we are now applying contractually specified component hedging to all of our natural gas hedges. This has allowed us to record changes in fair value for outstanding natural gas derivatives to other comprehensive income (loss) beginning January 1, 2018. See note 2 for additional details on the adoption of ASU 2017-12. We do not believe we are exposed to more than a nominal amount of credit risk in our natural gas hedges and interest rate swap as the counterparties are established financial institutions. The counterparties for the derivative agreements are rated BBB+ or better as of June 30, 2018 , by Standard and Poor’s. Fair Values The following table provides the fair values of our derivative financial instruments for the periods presented: (dollars in thousands) Fair Value of Derivative Assets Balance Sheet Location June 30, 2018 December 31, 2017 Cash flow hedges: Interest rate swap Prepaid and other current assets $ 1,098 $ — Interest rate swap Other assets 1,171 646 Natural gas contracts Prepaid and other current assets 90 — Total designated 2,359 646 Total derivative assets $ 2,359 $ 646 Fair Value of Derivative Liabilities June 30, 2018 December 31, 2017 Cash flow hedges: Interest rate swap Derivative liability $ — $ 213 Natural gas contracts Derivative liability — 220 Natural gas contracts Other long-term liabilities 25 7 Total designated 25 440 Derivatives not designated as hedging instruments: Natural gas contracts Derivative liability — 264 Natural gas contracts Other long-term liabilities — 12 Total undesignated — 276 Total derivative liabilities $ 25 $ 716 The following table presents the notional amount of derivatives on the Condensed Consolidated Balance Sheets: Notional Amounts Derivative Types Unit of Measure June 30, 2018 December 31, 2017 Natural gas contracts Millions of British Thermal Units (MMBTUs) 2,740,000 2,480,000 Interest rate swap Thousands of U.S. dollars $ 220,000 $ 220,000 The following table presents cash settlements (paid) received related to the below derivatives: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2018 2017 2018 2017 Natural gas contracts $ (36 ) $ 182 $ (234 ) $ 298 Interest rate swap (3 ) (510 ) (181 ) (1,110 ) Total $ (39 ) $ (328 ) $ (415 ) $ (812 ) The following table provides a summary of the impacts of derivative gain (loss) on the Consolidated Statements of Operations and other comprehensive income (OCI): Three months ended June 30, Six months ended June 30, (dollars in thousands) Location 2018 2017 2018 2017 Cash flow hedges: Effective portion of derivative gain (loss) recognized into OCI: Natural gas contracts OCI $ 123 $ (239 ) $ 334 $ (709 ) Interest rate swap OCI 480 (619 ) 1,733 (415 ) Total $ 603 $ (858 ) $ 2,067 $ (1,124 ) Effective portion of derivative gain (loss) reclassified from accumulated OCI to current earnings: Natural gas contracts Cost of Sales $ (36 ) $ 90 $ (234 ) $ 157 Interest rate swap Interest expense 40 (472 ) (103 ) (1,057 ) Total $ 4 $ (382 ) $ (337 ) $ (900 ) Derivatives not designated as hedging instruments: Gain (loss) recognized in current earnings: Natural gas contracts Other income (expense) $ — $ (236 ) $ — $ (819 ) Total $ — $ (236 ) $ — $ (819 ) 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, 18 months in the future, or more, depending on market conditions. The fair values of these instruments are determined from market quotes. 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 fair value of these hedges are recorded in other comprehensive income (loss). 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. Based on our current valuation, we estimate that accumulated gains for natural gas currently carried in accumulated other comprehensive loss that will be reclassified into earnings over the next twelve months will result in $0.1 million of gain to our Condensed Consolidated Statements of Operations. 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, 2018 , and is 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 fair value of these hedges are recorded in other comprehensive income (loss). Based on our current valuation, we estimate that accumulated gains currently carried in accumulated other comprehensive loss that will be reclassified into earnings over the next twelve months will result in a reduction to interest expense of $1.1 million in our Condensed Consolidated Statements of Operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) (AOCI), net of tax, is as follows: Three months ended June 30, 2018 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on March 31, 2018 $ (11,850 ) $ 1,546 $ (88,585 ) $ (98,889 ) Amounts recognized into AOCI (7,392 ) 603 1,527 (5,262 ) Currency impact — — 524 524 Amounts reclassified from AOCI — (4 ) (1) 1,564 (2) 1,560 Tax effect — (127 ) (736 ) (863 ) Other comprehensive income (loss), net of tax (7,392 ) 472 2,879 (4,041 ) Balance on June 30, 2018 $ (19,242 ) $ 2,018 $ (85,706 ) $ (102,930 ) Six months ended June 30, 2018 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on December 31, 2017 $ (16,183 ) $ 351 $ (89,340 ) $ (105,172 ) Cumulative-effect adjustment for the adoption of ASU 2017-12 — (275 ) — (275 ) Amounts recognized into AOCI (3,059 ) 2,067 1,527 535 Currency impact — — 40 40 Amounts reclassified from AOCI — 337 (1) 3,170 (2) 3,507 Tax effect — (462 ) (1,103 ) (1,565 ) Other comprehensive income (loss), net of tax (3,059 ) 1,942 3,634 2,517 Balance on June 30, 2018 $ (19,242 ) $ 2,018 $ (85,706 ) $ (102,930 ) Three months ended June 30, 2017 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on March 31, 2017 $ (26,420 ) $ (350 ) $ (96,398 ) $ (123,168 ) Amounts recognized into AOCI 5,589 (858 ) 4,801 9,532 Currency impact — — (258 ) (258 ) Amounts reclassified from AOCI — 382 (1) 1,206 (2) 1,588 Tax effect — (87 ) (2,755 ) (2,842 ) Other comprehensive income (loss), net of tax 5,589 (563 ) 2,994 8,020 Balance on June 30, 2017 $ (20,831 ) $ (913 ) $ (93,404 ) $ (115,148 ) Six months ended June 30, 2017 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on December 31, 2016 $ (27,828 ) $ (515 ) $ (96,854 ) $ (125,197 ) Amounts recognized into AOCI 6,997 (1,124 ) 4,801 10,674 Currency impact — — (738 ) (738 ) Amounts reclassified from AOCI — 900 (1) 2,670 (2) 3,570 Tax effect — (174 ) (3,283 ) (3,457 ) Other comprehensive income (loss), net of tax 6,997 (398 ) 3,450 10,049 Balance on June 30, 2017 $ (20,831 ) $ (913 ) $ (93,404 ) $ (115,148 ) ___________________________ (1) We reclassified natural gas contracts through cost of sales and the interest rate swap through interest expense on the Condensed Consolidated Statements of Operations. See note 8 for additional information. (2) We reclassified the net pension and non-pension post-retirement benefits amortization and settlement charges through other income (expense) on the Condensed Consolidated Statements of Operations. See note 6 for additional information.

Segments

Segments	6 Months Ended
	Jun. 30, 2018
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. 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, as well as glass products for OEMs regardless of end–market destination. 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. Segment EBIT also includes an allocation of manufacturing costs for inventory produced at a Libbey facility that is located in a region other than the end market in which the inventory is sold. This allocation can fluctuate from year to year based on the relative demands for products produced in regions other than the end markets in which they are sold. 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) 2018 2017 2018 2017 Net Sales: U.S. & Canada $ 128,474 $ 121,871 $ 236,415 $ 231,200 Latin America 40,290 36,503 74,623 67,225 EMEA 38,175 31,054 70,423 56,385 Other 6,595 8,086 13,986 15,698 Consolidated $ 213,534 $ 197,514 $ 395,447 $ 370,508 Segment EBIT: U.S. & Canada $ 13,358 $ 15,045 $ 18,082 $ 22,546 Latin America 7,433 1,907 9,583 (1,172 ) EMEA 2,621 (2,057 ) 3,626 (2,894 ) Other 660 (854 ) (469 ) (2,069 ) Total Segment EBIT $ 24,072 $ 14,041 $ 30,822 $ 16,411 Reconciliation of Segment EBIT to Net Income (Loss): Segment EBIT $ 24,072 $ 14,041 $ 30,822 $ 16,411 Retained corporate costs (8,536 ) (5,095 ) (15,246 ) (12,386 ) Reorganization charges — (2,488 ) — (2,488 ) Interest expense (5,456 ) (5,138 ) (10,540 ) (10,005 ) (Provision) benefit for income taxes (6,092 ) (2,152 ) (4,009 ) 1,066 Net income (loss) $ 3,988 $ (832 ) $ 1,027 $ (7,402 ) Depreciation & Amortization: U.S. & Canada $ 3,052 $ 3,084 $ 6,439 $ 6,166 Latin America 4,494 4,510 9,204 8,907 EMEA 1,940 1,848 3,949 3,692 Other 1,309 1,329 2,623 2,683 Corporate 445 457 904 935 Consolidated $ 11,240 $ 11,228 $ 23,119 $ 22,383 Capital Expenditures: U.S. & Canada $ 5,592 $ 2,457 $ 12,729 $ 4,394 Latin America 2,778 4,482 5,167 11,464 EMEA 1,449 7,633 2,743 10,396 Other 142 255 262 468 Corporate 117 269 448 326 Consolidated $ 10,078 $ 15,096 $ 21,349 $ 27,048

Revenue

Revenue	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Our primary source of revenue is the sale of glass tableware products manufactured within a Libbey facility as well as globally sourced tabletop products, including glassware, ceramicware, metalware and others. Our customer contracts generally include a single performance obligation, the shipment of specified products, and are recognized at a point in time when control of the product has transferred to the customer, which primarily takes place when risk of loss transfers in accordance with applicable shipping terms. Revenue is recognized based on the consideration specified in a contract with the customer, and is measured as the amount of consideration to which we expect to be entitled in exchange for transferring goods or providing services. When applicable, the transaction price includes estimates of variable consideration to the extent it is probable that a significant reversal of revenue recognized will not occur. We estimate provisions for rebates, customer incentives, allowances, returns and discounts based on the terms of the contracts, historical experience and anticipated customer purchases during the rebate period. We continually evaluate the adequacy of these methods used, adjusting our estimates when the amount of consideration to which we expect to be entitled changes. Refund liabilities are included in accrued liabilities on the Condensed Consolidated Balance Sheet. Our payment terms are based on customary business practices and can vary by region and customer type, but are generally 0 - 90 days. Since the term between invoicing and expected payment is less than a year, we do not adjust the transaction price for the effects of a financing component. Taxes collected from customers are excluded from revenues and credited directly to obligations to the appropriate governmental agencies. For the three months and six months ended June 30, 2018 , bad debt expense was immaterial. Additionally, adjustments related to revenue recognized in prior periods were not material for the three months and six months ended June 30, 2018 . There were no material contract assets, contract liabilities or deferred contract costs recorded on the Condensed Consolidated Balance Sheet as of June 30, 2018 . For contracts with a duration of less than one year, we follow an allowable practical expedient and expense contract acquisition costs when incurred. We do not have any costs to obtain or fulfill a contract that are capitalized under ASC Topic 606. Disaggregation of Revenue: The following table presents our net sales disaggregated by business channel: (dollars in thousands) Three months ended June 30, 2018 Six months ended June 30, 2018 Foodservice $ 93,194 $ 169,367 Retail 61,670 117,431 Business-to-business 58,670 108,649 Consolidated $ 213,534 $ 395,447 Each operating segment has revenues across all our business channels. Each channel has a different marketing strategy, customer base and product composition. For both periods presented, over 75 percent of each segment's revenue is derived from the following business channels: U.S. and Canada from foodservice and retail; Latin America from retail and business-to-business; and EMEA from business-to-business and retail. Foodservice The majority of our tabletop products sold in the foodservice channel are sold through a network of foodservice distributors. Our strong foodservice distributor network and in-house sales force provide broad coverage to a wide variety of foodservice establishments, including restaurants, bars, hotels and other travel and tourism venues. A high percentage of foodservice sales are replacements, driving a relatively predictable revenue stream. Retail Our primary customers in the retail channel include mass merchants, department stores, national retail chains, pure play e-commerce retailers or marketers, retail and wholesale distributors, value-oriented retailers, grocers and specialty housewares stores. We also operate outlet stores in the U.S. and Mexico. Business-to-business Our customers for products sold in the diverse business-to-business channel include beverage companies and custom decorators of glass tableware for promotional purposes and resale. In addition, sales of our products in this channel include products for candle and floral applications, craft industries and gourmet food-packing companies. Our Latin America region also sells blender jars and various OEM products in this channel.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2018
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; and • Level 3 — Unobservable inputs based on our own assumptions. The fair value of our derivative financial instruments by level is as follows: Fair Value at Fair Value at Asset / (Liability) (dollars in thousands) June 30, 2018 December 31, 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Commodity futures natural gas contracts $ — $ 65 $ — $ 65 $ — $ (503 ) $ — $ (503 ) Interest rate swap — 2,269 — 2,269 — 433 — 433 Net derivative asset (liability) $ — $ 2,334 $ — $ 2,334 $ — $ (70 ) $ — $ (70 ) 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, 2018 December 31, 2017 (dollars in thousands) Fair Value Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan B Level 2 $ 382,400 $ 375,708 $ 384,600 $ 370,178 The fair value of our Term Loan B has been calculated based on quoted market prices for the same or similar issues, and the fair value of our ABL Facility approximates carrying value due to variable rates. The fair value of our other immaterial debt approximates carrying value at June 30, 2018 and December 31, 2017 . 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, 2018
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) 2018 2017 2018 2017 Gain (loss) on currency transactions $ 2,662 $ (691 ) $ 1,012 $ (2,235 ) Gain (loss) on mark-to-market natural gas contracts — (236 ) — (819 ) Pension and non-pension benefits, excluding service cost (243 ) (208 ) (583 ) (734 ) Other non-operating income (expense) 161 283 44 150 Other income (expense) $ 2,580 $ (852 ) $ 473 $ (3,638 )

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2018
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. Although we cannot predict the ultimate outcome of any proceedings, we believe that our environmental legal proceedings will not have a material adverse impact on our financial condition, results of operations or liquidity. There were no significant changes to our environmental legal proceedings since December 31, 2017 . Please refer to Part II, Item 8. “Financial Statements and Supplementary Data,” note 17, Contingencies, included in our 2017 Annual Report on Form 10-K for a more complete discussion. 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 Polici22

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
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, 2018 , are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 . The balance sheet at December 31, 2017 , 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, 2017 .
Cost of Sales, Policy	Cost of Sales Cost of sales includes cost to manufacture and/or purchase products, warehouse, shipping and delivery costs and other costs. Shipping and delivery costs associated with outbound freight after control of a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of sales. In addition, reimbursement of certain pre-production costs is considered a development activity and is included in cost of sales.
Reclassifications	Reclassifications In connection with our adoption of ASU 2017-07, certain pension and non-pension expense amounts in prior periods have been reclassified to conform with the current period presentation. See New Accounting Standards - Adopted below.
New Accounting Standards	On January 1, 2018, we early adopted ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . ASU 2017-12 amended the hedge accounting rules to simplify the application of hedge accounting guidance and better portray the economic results of risk management activities in the financial statements. As of January 1, 2018, we recorded a $0.3 million reduction to our retained deficit and an increase in accumulated other comprehensive loss related to our natural gas swap contracts in Mexico that were previously not designated as hedging instruments. On a prospective basis, the change in fair value of these derivatives will be recognized in other comprehensive income (loss) rather than other income (expense) within the Condensed Consolidated Statement of Operations. Results and disclosures for reporting periods beginning on or after January 1, 2018, are presented under the new guidance within ASU 2017-12, while prior period amounts and disclosures are not adjusted and continue to be reported in accordance with our previous accounting. See note 8, Derivatives , for further details and disclosures. New Accounting Standards - Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires a lessee to recognize on the balance sheet right-of-use assets and corresponding 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 us in the first quarter of 2019. ASU 2016-02 requires lessees and lessors to 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. In the first quarter of 2018, the FASB stated they plan to provide an optional transition method permitting an entity to apply the transition provisions of ASU 2016-02 at its adoption date instead of at the earliest comparative period presented in the financial statements. This would ease the transition burden and allow us to record a cumulative effect adjustment to retained earnings as of January 1, 2019, without restatement of the previously reported comparative periods. Therefore, this is our preferred adoption method if ultimately permitted by the FASB. We are currently evaluating the extent of the impact the new lease guidance will have on our financial statements and related disclosures, including the additional assets and liabilities that will be recognized on the balance sheet. To facilitate this, we are utilizing a comprehensive approach to review our lease portfolio, have selected a system for managing our leases, and are in the middle of system implementation and updating of our controls. See note 15, Operating Leases, in our 2017 Annual Report on Form 10-K for the year ended December 31, 2017, for our minimum lease commitments under non-cancellable operating leases. 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 February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This standard allows an optional reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. Consequently, the stranded tax effects resulting from the Tax Cuts and Jobs Act will be eliminated, resulting in more useful information reported to financial statement users. ASU 2018-02 relates to only the reclassification of the income tax effects of the Tax Cuts and Jobs Act. The underlying guidance requiring that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, 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. New Accounting Standards - Adopted 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 either were determined to be not applicable or are expected to have minimal impact on the Company’s Condensed Consolidated Financial Statements. On January 1, 2018, we adopted ASU 2014-09, Revenue From Contracts With Customers and all related amendments, also known as ASC Topic 606, using the modified retrospective method. There was no cumulative effect adjustment required as a result of initially applying the new standard to existing contracts at adoption on January 1, 2018, and we expect the impact of adopting the new standard to be immaterial to our Condensed Consolidated Statement of Operations on an ongoing basis. Additionally, there was no impact to our Condensed Consolidated Balance Sheets. The enhanced disclosure requirements are included in note 11, Revenue . Results for reporting periods beginning on or after January 1, 2018, are presented under ASC Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our previous accounting under ASC Topic 605. On January 1, 2018, we adopted ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost . ASU 2017-07 improves the presentation of net periodic pension and post-retirement benefit costs. We retrospectively adopted the presentation that the service cost component of pension and post-retirement benefit costs be reported within income from operations. The other components of net benefit cost (interest costs, expected return on assets, amortization of prior service costs, settlement charges and other costs) have been reclassified from cost of sales and selling, general and administrative expenses to other income (expense). On a prospective basis, only the service cost component will be capitalized in inventory or property, plant and equipment, when applicable.
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 Post-retirement 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 Post-retirement Plans, Nonpension Benefits, Policy	We provide certain retiree healthcare 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, post-retirement plans cover the hourly and salaried U.S.-based employees of Libbey (excluding those mentioned above). The non-U.S., non-pension, post-retirement plans cover the retirees and active employees of Libbey who are located in Canada. The post-retirement 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.
Derivatives, Policy	Derivatives We utilize derivative financial instruments to hedge certain interest rate risks associated with our long-term debt and commodity price risks associated with forecasted future natural gas requirements. These derivatives, except for the natural gas contracts used in our Mexican manufacturing facilities prior to 2018, 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. Prior to January 1, 2018, our derivatives used to reduce economic volatility of natural gas prices in Mexico were not designated as cash flow hedges. All mark-to-market changes on these derivatives were reflected in other income (expense). On January 1, 2018, we adopted ASU 2017-12 for hedge accounting. Under this new guidance, we are now applying contractually specified component hedging to all of our natural gas hedges. This has allowed us to record changes in fair value for outstanding natural gas derivatives to other comprehensive income (loss) beginning January 1, 2018.
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. 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, as well as glass products for OEMs regardless of end–market destination. 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. Segment EBIT also includes an allocation of manufacturing costs for inventory produced at a Libbey facility that is located in a region other than the end market in which the inventory is sold. This allocation can fluctuate from year to year based on the relative demands for products produced in regions other than the end markets in which they are sold. 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.
Revenue, Policy	Our primary source of revenue is the sale of glass tableware products manufactured within a Libbey facility as well as globally sourced tabletop products, including glassware, ceramicware, metalware and others. Our customer contracts generally include a single performance obligation, the shipment of specified products, and are recognized at a point in time when control of the product has transferred to the customer, which primarily takes place when risk of loss transfers in accordance with applicable shipping terms. Revenue is recognized based on the consideration specified in a contract with the customer, and is measured as the amount of consideration to which we expect to be entitled in exchange for transferring goods or providing services. When applicable, the transaction price includes estimates of variable consideration to the extent it is probable that a significant reversal of revenue recognized will not occur. We estimate provisions for rebates, customer incentives, allowances, returns and discounts based on the terms of the contracts, historical experience and anticipated customer purchases during the rebate period. We continually evaluate the adequacy of these methods used, adjusting our estimates when the amount of consideration to which we expect to be entitled changes. Refund liabilities are included in accrued liabilities on the Condensed Consolidated Balance Sheet. Our payment terms are based on customary business practices and can vary by region and customer type, but are generally 0 - 90 days. Since the term between invoicing and expected payment is less than a year, we do not adjust the transaction price for the effects of a financing component. Taxes collected from customers are excluded from revenues and credited directly to obligations to the appropriate governmental agencies.
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 Polici23

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2018
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) 2018 2017 2018 2017 Stock-based compensation expense $ 1,166 $ 1,316 $ 1,456 $ 2,148
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	The effect of the retrospective presentation change related to the net periodic pension and non-pension benefit costs (credits) on our Condensed Consolidated Statement of Operations was as follows: Three months ended June 30, 2017 Six months ended June 30, 2017 (dollars in thousands) Previously Reported Reclassification As Revised Previously Reported Reclassification As Revised Cost of sales $ 157,483 $ (615 ) $ 156,868 $ 300,839 $ (1,498 ) $ 299,341 Selling, general and administrative expenses 33,676 407 34,083 66,651 764 67,415 Other income (expense) (644 ) (208 ) (852 ) (2,904 ) (734 ) (3,638 )

Balance Sheet Details (Tables)

Balance Sheet Details (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2018 December 31, 2017 Accounts receivable: Trade receivables $ 99,080 $ 88,786 Other receivables 1,868 1,211 Total accounts receivable, less allowances of $6,987 and $9,051 $ 100,948 $ 89,997 Inventories: Finished goods $ 183,560 $ 170,774 Work in process 1,441 1,485 Raw materials 3,994 3,906 Repair parts 10,404 10,240 Operating supplies 1,419 1,481 Total inventories, less loss provisions of $10,120 and $10,308 $ 200,818 $ 187,886 Accrued liabilities: Accrued incentives $ 25,075 $ 19,728 Other accrued liabilities 25,390 23,495 Total accrued liabilities $ 50,465 $ 43,223

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2018
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 (2) December 7, 2022 (1) $ 22,500 $ — Term Loan B floating (3) April 9, 2021 382,400 384,600 AICEP Loan 0.00% July 30, 2018 1,685 3,085 Total borrowings 406,585 387,685 Less — unamortized discount and finance fees 2,874 3,295 Total borrowings — net 403,711 384,390 Less — long term debt due within one year 6,085 7,485 Total long-term portion of borrowings — net $ 397,626 $ 376,905 ________________________ (1) Maturity date will be January 9, 2021, if Term Loan B is not refinanced by this date. (2) The interest rate for the ABL Facility is comprised of several different borrowings at various rates. The weighted average rate of all ABL Facility borrowings was 3.65 percent at June 30, 2018. (3) We have entered into an interest rate swap that 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 5.05 percent at June 30, 2018.

Pension and Non-pension Post-26

Pension and Non-pension Post-retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2018
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) 2018 2017 2018 2017 2018 2017 Service cost $ 1,025 $ 883 $ 284 $ 277 $ 1,309 $ 1,160 Interest cost 3,142 3,442 741 701 3,883 4,143 Expected return on plan assets (5,669 ) (5,623 ) — — (5,669 ) (5,623 ) Amortization of unrecognized: Prior service cost (credit) 1 59 (50 ) (52 ) (49 ) 7 Actuarial loss 1,599 1,265 154 152 1,753 1,417 Pension expense $ 98 $ 26 $ 1,129 $ 1,078 $ 1,227 $ 1,104 Six months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2018 2017 2018 2017 2018 2017 Service cost $ 2,004 $ 1,958 $ 576 $ 528 $ 2,580 $ 2,486 Interest cost 6,307 6,892 1,504 1,338 7,811 8,230 Expected return on plan assets (11,329 ) (11,240 ) — — (11,329 ) (11,240 ) Amortization of unrecognized: Prior service cost (credit) 1 118 (101 ) (99 ) (100 ) 19 Actuarial loss 3,236 2,617 313 290 3,549 2,907 Pension expense $ 219 $ 345 $ 2,292 $ 2,057 $ 2,511 $ 2,402
Non-Pension Post-retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	The provision for our non-pension, post-retirement, benefit expense consists of the following: Three months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2018 2017 2018 2017 2018 2017 Service cost $ 151 $ 96 $ — $ — $ 151 $ 96 Interest cost 455 471 10 11 465 482 Amortization of unrecognized: Prior service cost (credit) (70 ) (51 ) — — (70 ) (51 ) Actuarial loss / (gain) (53 ) (154 ) (17 ) (13 ) (70 ) (167 ) Non-pension post-retirement benefit expense $ 483 $ 362 $ (7 ) $ (2 ) $ 476 $ 360 Six months ended June 30, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2018 2017 2018 2017 2018 2017 Service cost $ 302 $ 316 $ — $ — $ 302 $ 316 Interest cost 911 1,052 20 22 931 1,074 Amortization of unrecognized: Prior service cost (credit) (141 ) (101 ) — — (141 ) (101 ) Actuarial loss / (gain) (105 ) (129 ) (33 ) (26 ) (138 ) (155 ) Non-pension post-retirement benefit expense $ 967 $ 1,138 $ (13 ) $ (4 ) $ 954 $ 1,134

Net Income (Loss) per Share o27

Net Income (Loss) per Share of Common Stock (Tables)	6 Months Ended
	Jun. 30, 2018
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 loss per share: Three months ended June 30, Six months ended June 30, (dollars in thousands, except earnings per share) 2018 2017 2018 2017 Numerator for earnings per share: Net income (loss) that is available to common shareholders $ 3,988 $ (832 ) $ 1,027 $ (7,402 ) Denominator for basic earnings per share: Weighted average shares outstanding 22,170,338 22,029,519 22,130,503 21,984,365 Denominator for diluted earnings per share: Effect of stock options and restricted stock units 185,550 — 36,584 — Adjusted weighted average shares and assumed conversions 22,355,888 22,029,519 22,167,087 21,984,365 Basic earnings (loss) per share $ 0.18 $ (0.04 ) $ 0.05 $ (0.34 ) Diluted earnings (loss) per share $ 0.18 $ (0.04 ) $ 0.05 $ (0.34 ) 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) 752,375 924,652 982,386 744,317

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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: (dollars in thousands) Fair Value of Derivative Assets Balance Sheet Location June 30, 2018 December 31, 2017 Cash flow hedges: Interest rate swap Prepaid and other current assets $ 1,098 $ — Interest rate swap Other assets 1,171 646 Natural gas contracts Prepaid and other current assets 90 — Total designated 2,359 646 Total derivative assets $ 2,359 $ 646 Fair Value of Derivative Liabilities June 30, 2018 December 31, 2017 Cash flow hedges: Interest rate swap Derivative liability $ — $ 213 Natural gas contracts Derivative liability — 220 Natural gas contracts Other long-term liabilities 25 7 Total designated 25 440 Derivatives not designated as hedging instruments: Natural gas contracts Derivative liability — 264 Natural gas contracts Other long-term liabilities — 12 Total undesignated — 276 Total derivative liabilities $ 25 $ 716
Schedule of Notional Amounts of Outstanding Derivative Positions	The following table presents the notional amount of derivatives on the Condensed Consolidated Balance Sheets: Notional Amounts Derivative Types Unit of Measure June 30, 2018 December 31, 2017 Natural gas contracts Millions of British Thermal Units (MMBTUs) 2,740,000 2,480,000 Interest rate swap Thousands of U.S. dollars $ 220,000 $ 220,000
Schedule of Derivative Instruments	The following table presents cash settlements (paid) received related to the below derivatives: Three months ended June 30, Six months ended June 30, (dollars in thousands) 2018 2017 2018 2017 Natural gas contracts $ (36 ) $ 182 $ (234 ) $ 298 Interest rate swap (3 ) (510 ) (181 ) (1,110 ) Total $ (39 ) $ (328 ) $ (415 ) $ (812 )
Summary of the Gain (Loss) Recognized in the Statement of Operations	The following table provides a summary of the impacts of derivative gain (loss) on the Consolidated Statements of Operations and other comprehensive income (OCI): Three months ended June 30, Six months ended June 30, (dollars in thousands) Location 2018 2017 2018 2017 Cash flow hedges: Effective portion of derivative gain (loss) recognized into OCI: Natural gas contracts OCI $ 123 $ (239 ) $ 334 $ (709 ) Interest rate swap OCI 480 (619 ) 1,733 (415 ) Total $ 603 $ (858 ) $ 2,067 $ (1,124 ) Effective portion of derivative gain (loss) reclassified from accumulated OCI to current earnings: Natural gas contracts Cost of Sales $ (36 ) $ 90 $ (234 ) $ 157 Interest rate swap Interest expense 40 (472 ) (103 ) (1,057 ) Total $ 4 $ (382 ) $ (337 ) $ (900 ) Derivatives not designated as hedging instruments: Gain (loss) recognized in current earnings: Natural gas contracts Other income (expense) $ — $ (236 ) $ — $ (819 ) Total $ — $ (236 ) $ — $ (819 )

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive income (loss) (AOCI), net of tax, is as follows: Three months ended June 30, 2018 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on March 31, 2018 $ (11,850 ) $ 1,546 $ (88,585 ) $ (98,889 ) Amounts recognized into AOCI (7,392 ) 603 1,527 (5,262 ) Currency impact — — 524 524 Amounts reclassified from AOCI — (4 ) (1) 1,564 (2) 1,560 Tax effect — (127 ) (736 ) (863 ) Other comprehensive income (loss), net of tax (7,392 ) 472 2,879 (4,041 ) Balance on June 30, 2018 $ (19,242 ) $ 2,018 $ (85,706 ) $ (102,930 ) Six months ended June 30, 2018 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on December 31, 2017 $ (16,183 ) $ 351 $ (89,340 ) $ (105,172 ) Cumulative-effect adjustment for the adoption of ASU 2017-12 — (275 ) — (275 ) Amounts recognized into AOCI (3,059 ) 2,067 1,527 535 Currency impact — — 40 40 Amounts reclassified from AOCI — 337 (1) 3,170 (2) 3,507 Tax effect — (462 ) (1,103 ) (1,565 ) Other comprehensive income (loss), net of tax (3,059 ) 1,942 3,634 2,517 Balance on June 30, 2018 $ (19,242 ) $ 2,018 $ (85,706 ) $ (102,930 ) Three months ended June 30, 2017 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on March 31, 2017 $ (26,420 ) $ (350 ) $ (96,398 ) $ (123,168 ) Amounts recognized into AOCI 5,589 (858 ) 4,801 9,532 Currency impact — — (258 ) (258 ) Amounts reclassified from AOCI — 382 (1) 1,206 (2) 1,588 Tax effect — (87 ) (2,755 ) (2,842 ) Other comprehensive income (loss), net of tax 5,589 (563 ) 2,994 8,020 Balance on June 30, 2017 $ (20,831 ) $ (913 ) $ (93,404 ) $ (115,148 ) Six months ended June 30, 2017 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on December 31, 2016 $ (27,828 ) $ (515 ) $ (96,854 ) $ (125,197 ) Amounts recognized into AOCI 6,997 (1,124 ) 4,801 10,674 Currency impact — — (738 ) (738 ) Amounts reclassified from AOCI — 900 (1) 2,670 (2) 3,570 Tax effect — (174 ) (3,283 ) (3,457 ) Other comprehensive income (loss), net of tax 6,997 (398 ) 3,450 10,049 Balance on June 30, 2017 $ (20,831 ) $ (913 ) $ (93,404 ) $ (115,148 ) ___________________________ (1) We reclassified natural gas contracts through cost of sales and the interest rate swap through interest expense on the Condensed Consolidated Statements of Operations. See note 8 for additional information. (2) We reclassified the net pension and non-pension post-retirement benefits amortization and settlement charges through other income (expense) on the Condensed Consolidated Statements of Operations. See note 6 for additional information.

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2018
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) 2018 2017 2018 2017 Net Sales: U.S. & Canada $ 128,474 $ 121,871 $ 236,415 $ 231,200 Latin America 40,290 36,503 74,623 67,225 EMEA 38,175 31,054 70,423 56,385 Other 6,595 8,086 13,986 15,698 Consolidated $ 213,534 $ 197,514 $ 395,447 $ 370,508 Segment EBIT: U.S. & Canada $ 13,358 $ 15,045 $ 18,082 $ 22,546 Latin America 7,433 1,907 9,583 (1,172 ) EMEA 2,621 (2,057 ) 3,626 (2,894 ) Other 660 (854 ) (469 ) (2,069 ) Total Segment EBIT $ 24,072 $ 14,041 $ 30,822 $ 16,411 Reconciliation of Segment EBIT to Net Income (Loss): Segment EBIT $ 24,072 $ 14,041 $ 30,822 $ 16,411 Retained corporate costs (8,536 ) (5,095 ) (15,246 ) (12,386 ) Reorganization charges — (2,488 ) — (2,488 ) Interest expense (5,456 ) (5,138 ) (10,540 ) (10,005 ) (Provision) benefit for income taxes (6,092 ) (2,152 ) (4,009 ) 1,066 Net income (loss) $ 3,988 $ (832 ) $ 1,027 $ (7,402 ) Depreciation & Amortization: U.S. & Canada $ 3,052 $ 3,084 $ 6,439 $ 6,166 Latin America 4,494 4,510 9,204 8,907 EMEA 1,940 1,848 3,949 3,692 Other 1,309 1,329 2,623 2,683 Corporate 445 457 904 935 Consolidated $ 11,240 $ 11,228 $ 23,119 $ 22,383 Capital Expenditures: U.S. & Canada $ 5,592 $ 2,457 $ 12,729 $ 4,394 Latin America 2,778 4,482 5,167 11,464 EMEA 1,449 7,633 2,743 10,396 Other 142 255 262 468 Corporate 117 269 448 326 Consolidated $ 10,078 $ 15,096 $ 21,349 $ 27,048

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our net sales disaggregated by business channel: (dollars in thousands) Three months ended June 30, 2018 Six months ended June 30, 2018 Foodservice $ 93,194 $ 169,367 Retail 61,670 117,431 Business-to-business 58,670 108,649 Consolidated $ 213,534 $ 395,447

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2018 December 31, 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Commodity futures natural gas contracts $ — $ 65 $ — $ 65 $ — $ (503 ) $ — $ (503 ) Interest rate swap — 2,269 — 2,269 — 433 — 433 Net derivative asset (liability) $ — $ 2,334 $ — $ 2,334 $ — $ (70 ) $ — $ (70 )
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, 2018 December 31, 2017 (dollars in thousands) Fair Value Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan B Level 2 $ 382,400 $ 375,708 $ 384,600 $ 370,178

Other Income (Expense) (Tables)

Other Income (Expense) (Tables)	6 Months Ended
	Jun. 30, 2018
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) 2018 2017 2018 2017 Gain (loss) on currency transactions $ 2,662 $ (691 ) $ 1,012 $ (2,235 ) Gain (loss) on mark-to-market natural gas contracts — (236 ) — (819 ) Pension and non-pension benefits, excluding service cost (243 ) (208 ) (583 ) (734 ) Other non-operating income (expense) 161 283 44 150 Other income (expense) $ 2,580 $ (852 ) $ 473 $ (3,638 )

Description of the Business (De

Description of the Business (Details)	Jun. 30, 2018plantcountry
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 Polici35

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Stock-based compensation expense	$ 1,166	$ 1,316	$ 1,456	$ 2,148
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated other comprehensive loss	(102,930)		(102,930)			$ (105,172)
Retained earnings (accumulated deficit)	$ (162,458)		$ (162,458)			$ (161,165)
Accounting Standards Update 2017-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated other comprehensive loss					$ (300)
Retained earnings (accumulated deficit)					$ 300

Significant Accounting Polici36

Significant Accounting Policies - Reclassification (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales	$ 167,979	$ 156,868	$ 316,979	$ 299,341
Selling, general and administrative expenses	33,537	34,083	65,060	67,415
Other income (expense)	$ 2,580	(852)	$ 473	(3,638)
Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales		157,483		300,839
Selling, general and administrative expenses		33,676		66,651
Other income (expense)		(644)		(2,904)
Accounting Standards Update 2017-07 | Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales		(615)		(1,498)
Selling, general and administrative expenses		407		764
Other income (expense)		$ (208)		$ (734)

Balance Sheet Details (Details)

Balance Sheet Details (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accounts receivable:
Accounts receivable	$ 100,948	$ 89,997
Allowances for accounts receivable	6,987	9,051
Inventories:
Finished goods	183,560	170,774
Work in process	1,441	1,485
Raw materials	3,994	3,906
Repair parts	10,404	10,240
Operating supplies	1,419	1,481
Total inventories, less loss provisions of $10,120 and $10,308	200,818	187,886
Inventory loss provisions	10,120	10,308
Accrued liabilities:
Accrued incentives	25,075	19,728
Other accrued liabilities	25,390	23,495
Total accrued liabilities	50,465	43,223
Trade receivables
Accounts receivable:
Accounts receivable	99,080	88,786
Other receivables
Accounts receivable:
Accounts receivable	$ 1,868	$ 1,211

Borrowings (Debt Schedule) (Det

Borrowings (Debt Schedule) (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total borrowings		$ 406,585	$ 387,685
Less - unamortized discount and finance fees		2,874	3,295
Total borrowings -- net		403,711	384,390
Less -- long term debt due within one year		6,085	7,485
Total long-term portion of borrowings -- net		397,626	376,905
Subsidiaries, Libbey Glass and Libbey Europe | Asset-backed Loan Facility | Line of Credit
Debt Instrument [Line Items]
Total borrowings	[1],[2]	$ 22,500	0
Weighted average interest rate		3.65%
Subsidiary, Libbey Glass | Senior Loans
Debt Instrument [Line Items]
Total borrowings	[3]	$ 382,400	384,600
Floating interest rate		5.05%
Subsidiary, Libbey Portugal | AICEP Loan | Loans Payable
Debt Instrument [Line Items]
Total borrowings		$ 1,685	$ 3,085
Stated interest rate		0.00%
[1]	Maturity date will be January 9, 2021, if Term Loan B is not refinanced by this date.
[2]	The interest rate for the ABL Facility is comprised of several different borrowings at various rates. The weighted average rate of all ABL Facility borrowings was 3.65 percent at June 30, 2018.
[3]	We have entered into an interest rate swap that 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 5.05 percent at June 30, 2018.

Borrowings (ABL Credit Agreemen

Borrowings (ABL Credit Agreement Narrative) (Details) - Subsidiaries, Libbey Glass and Libbey Europe - Asset-backed Loan Facility - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
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, maximum borrowing capacity	100
Line of credit facility, remaining borrowing capacity	68	$ 91.9
Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	15
Line of credit facility, amount outstanding	$ 9.1

Income Taxes (Details)

Income Taxes (Details) $ in Millions, $ in Billions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Aug. 31, 2016USD ($)	Aug. 31, 2016MXN ($)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Effective income tax rate, continuing operations	79.60%	12.60%
Timing and mix of pretax income with rates differing from US	33.60%	(67.70%)
Impact of foreign exchange	1.90%	28.00%
Other reconciling items	23.10%	17.30%
Mexican Tax Authority | Tax Year 2010
Income Tax Contingency [Line Items]
Number of subsidiaries in a tax assessment			1	1
Tax assessment			$ 157	$ 3

Pension and Non-pension Post-41

Pension and Non-pension Post-retirement Benefits (Net Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,309	$ 1,160	$ 2,580	$ 2,486
Interest cost	3,883	4,143	7,811	8,230
Expected return on plan assets	(5,669)	(5,623)	(11,329)	(11,240)
Amortization of unrecognized:
Prior service cost (credit)	(49)	7	(100)	19
Actuarial loss / (gain)	1,753	1,417	3,549	2,907
Pension expense or non-pension post-retirement benefit expense	1,227	1,104	2,511	2,402
Defined Benefit Plan, Contributions [Abstract]
Employer contributions made to defined benefit plans	600		1,200
Estimated employer contributions to defined benefit plans in remainder of 2018	1,100		1,100
Defined Benefit Pension Plan | Domestic Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,025	883	2,004	1,958
Interest cost	3,142	3,442	6,307	6,892
Expected return on plan assets	(5,669)	(5,623)	(11,329)	(11,240)
Amortization of unrecognized:
Prior service cost (credit)	1	59	1	118
Actuarial loss / (gain)	1,599	1,265	3,236	2,617
Pension expense or non-pension post-retirement benefit expense	98	26	219	345
Defined Benefit Pension Plan | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	284	277	576	528
Interest cost	741	701	1,504	1,338
Expected return on plan assets	0	0	0	0
Amortization of unrecognized:
Prior service cost (credit)	(50)	(52)	(101)	(99)
Actuarial loss / (gain)	154	152	313	290
Pension expense or non-pension post-retirement benefit expense	1,129	1,078	2,292	2,057
Non-Pension Post-retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	151	96	302	316
Interest cost	465	482	931	1,074
Amortization of unrecognized:
Prior service cost (credit)	(70)	(51)	(141)	(101)
Actuarial loss / (gain)	(70)	(167)	(138)	(155)
Pension expense or non-pension post-retirement benefit expense	476	360	954	1,134
Defined Benefit Plan, Contributions [Abstract]
Employer contributions made to defined benefit plans	1,100		1,900
Estimated employer contributions to defined benefit plans in year 2018	4,300		4,300
Non-Pension Post-retirement Benefit Plans | Domestic Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	151	96	302	316
Interest cost	455	471	911	1,052
Amortization of unrecognized:
Prior service cost (credit)	(70)	(51)	(141)	(101)
Actuarial loss / (gain)	(53)	(154)	(105)	(129)
Pension expense or non-pension post-retirement benefit expense	483	362	967	1,138
Non-Pension Post-retirement Benefit Plans | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost	10	11	20	22
Amortization of unrecognized:
Prior service cost (credit)	0	0	0	0
Actuarial loss / (gain)	(17)	(13)	(33)	(26)
Pension expense or non-pension post-retirement benefit expense	$ (7)	$ (2)	$ (13)	$ (4)

Net Income (Loss) per Share o42

Net Income (Loss) per Share of Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Numerator for earnings per share:
Net income (loss) that is available to common shareholders	$ 3,988	$ (832)	$ 1,027	$ (7,402)
Denominator for basic earnings per share:
Weighted average shares outstanding	22,170,338	22,029,519	22,130,503	21,984,365
Denominator for diluted earnings per share:
Effect of stock options and restricted stock units	185,550	0	36,584	0
Adjusted weighted average shares and assumed conversions	22,355,888	22,029,519	22,167,087	21,984,365
Basic earnings (loss) per share	$ 0.18	$ (0.04)	$ 0.05	$ (0.34)
Diluted earnings (loss) per share	$ 0.18	$ (0.04)	$ 0.05	$ (0.34)
Net loss position (excluded from denominator)
Shares excluded from diluted earnings (loss) per share due to:
Shares excluded from diluted earnings (loss) per share due to:	0	60,141	0	111,791
Inclusion would have been anti-dilutive (excluded from calculation)
Shares excluded from diluted earnings (loss) per share due to:
Shares excluded from diluted earnings (loss) per share due to:	752,375	924,652	982,386	744,317

Derivatives (Fair Value of Deri

Derivatives (Fair Value of Derivative Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	$ 2,359	$ 646
Fair value, derivative liability	25	716
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	2,359	646
Fair value, derivative liability	25	440
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	0	276
Interest Rate Swap | Designated as Hedging Instrument | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	1,098	0
Interest Rate Swap | Designated as Hedging Instrument | Other assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	1,171	646
Interest Rate Swap | Designated as Hedging Instrument | Derivative liability, current
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	0	213
Natural Gas Contracts | Designated as Hedging Instrument | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	90	0
Natural Gas Contracts | Designated as Hedging Instrument | Derivative liability, current
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	0	220
Natural Gas Contracts | Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	25	7
Natural Gas Contracts | Not Designated as Hedging Instrument | Derivative liability, current
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	0	264
Natural Gas Contracts | Not Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	$ 0	$ 12

Derivatives Derivatives (Notion

Derivatives Derivatives (Notional Amounts of Derivatives) (Details) - Cash Flow Hedging $ in Thousands	Jun. 30, 2018USD ($)MMBTU	Dec. 31, 2017USD ($)MMBTU
Natural Gas Contracts
Derivative [Line Items]
Derivative, nonmonetary notional amount | MMBTU	2,740,000	2,480,000
Senior Loans | Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount | $	$ 220,000	$ 220,000

Derivatives Derivatives (Cash S

Derivatives Derivatives (Cash Settlements) (Details) - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative [Line Items]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	$ (39)	$ (328)	$ (415)	$ (812)
Natural Gas Contracts
Derivative [Line Items]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	(36)	182	(234)	298
Interest Rate Swap
Derivative [Line Items]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	$ (3)	$ (510)	$ (181)	$ (1,110)

Derivatives Derivatives (Summar

Derivatives Derivatives (Summary of gains (losses) recognized in Statement of Operations and AOCI) (Details) - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Designated as Hedging Instrument
Derivative [Line Items]
Effective portion of derivative gain (loss) reclassified from accumulated other comprehensive loss into income (loss)	$ 4	$ (382)	$ (337)	$ (900)
Not Designated as Hedging Instrument
Derivative [Line Items]
Gain (loss) on contracts where hedge accounting was not elected	0	(236)	0	(819)
Other Comprehensive Income (Loss) | Designated as Hedging Instrument
Derivative [Line Items]
Effective portion of derivative gain (loss) recognized in other comprehensive income (loss)	603	(858)	2,067	(1,124)
Other Comprehensive Income (Loss) | Designated as Hedging Instrument | Natural Gas Contracts
Derivative [Line Items]
Effective portion of derivative gain (loss) recognized in other comprehensive income (loss)	123	(239)	334	(709)
Other Comprehensive Income (Loss) | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Effective portion of derivative gain (loss) recognized in other comprehensive income (loss)	480	(619)	1,733	(415)
Cost of Sales | Designated as Hedging Instrument | Natural Gas Contracts
Derivative [Line Items]
Effective portion of derivative gain (loss) reclassified from accumulated other comprehensive loss into income (loss)	(36)	90	(234)	157
Interest Expense | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Effective portion of derivative gain (loss) reclassified from accumulated other comprehensive loss into income (loss)	40	(472)	(103)	(1,057)
Other Non-Operating Income (Expense) | Not Designated as Hedging Instrument | Natural Gas Contracts
Derivative [Line Items]
Gain (loss) on contracts where hedge accounting was not elected	$ 0	$ (236)	$ 0	$ (819)

Derivatives (Narrative - Commod

Derivatives (Narrative - Commodity Future Contracts) (Details) - Natural Gas Contracts $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Derivative [Line Items]
Gain (loss) reclassified from accumulated oci into income	$ 0.1
Cash Flow Hedging
Derivative [Line Items]
Forecast of commodity requirements, maximum length of time used	18 months
Minimum | Cash Flow Hedging
Derivative [Line Items]
Forecast of anticipated requirements, percentage of forecast eligible for hedging	40.00%
Maximum | Cash Flow Hedging
Derivative [Line Items]
Forecast of anticipated requirements, percentage of forecast eligible for hedging	70.00%

Derivatives (Interest Rate Swap

Derivatives (Interest Rate Swap) (Details) - Interest Rate Swap - Cash Flow Hedging - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Interest Expense
Derivative [Line Items]
Gain (loss) reclassified from accumulated oci into income	$ 1,100
Senior Loans
Derivative [Line Items]
Derivative, notional amount	$ 220,000	$ 220,000
Derivative, Fixed Interest Rate	4.85%

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income (Loss) (Schedule of AOCI) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance				$ (105,172)
Ending balance		$ (102,930)		(102,930)
Foreign Currency Translation
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(11,850)	$ (26,420)	(16,183)	$ (27,828)
Cumulative-effect adjustment for the adoption of ASU 2017-12						$ 0
Amounts recognized into AOCI		(7,392)	5,589	(3,059)	6,997
Currency impact		0	0	0	0
Amounts reclassified from AOCI, Currency		0	0	0	0
Tax effect		0	0	0	0
Other comprehensive income (loss), net of tax		(7,392)	5,589	(3,059)	6,997
Ending balance		(19,242)	(20,831)	(19,242)	(20,831)
Derivative Instruments
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		1,546	(350)	351	(515)
Cumulative-effect adjustment for the adoption of ASU 2017-12						(275)
Amounts recognized into AOCI		603	(858)	2,067	(1,124)
Currency impact		0	0	0	0
Amounts reclassified from AOCI, Derivatives	[1]	(4)	382	337	900
Tax effect		(127)	(87)	(462)	(174)
Other comprehensive income (loss), net of tax		472	(563)	1,942	(398)
Ending balance		2,018	(913)	2,018	(913)
Pension and Other Post-retirement Benefits
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(88,585)	(96,398)	(89,340)	(96,854)
Cumulative-effect adjustment for the adoption of ASU 2017-12						0
Amounts recognized into AOCI		1,527	4,801	1,527	4,801
Currency impact		524	(258)	40	(738)
Amounts reclassified from AOCI, Pension/PRW	[2]	1,564	1,206	3,170	2,670
Tax effect		(736)	(2,755)	(1,103)	(3,283)
Other comprehensive income (loss), net of tax		2,879	2,994	3,634	3,450
Ending balance		(85,706)	(93,404)	(85,706)	(93,404)
Accumulated Other Comprehensive Loss
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(98,889)	(123,168)	(105,172)	(125,197)
Cumulative-effect adjustment for the adoption of ASU 2017-12						$ (275)
Amounts recognized into AOCI		(5,262)	9,532	535	10,674
Currency impact		524	(258)	40	(738)
Amounts reclassified from AOCI		1,560	1,588	3,507	3,570
Tax effect		(863)	(2,842)	(1,565)	(3,457)
Other comprehensive income (loss), net of tax		(4,041)	8,020	2,517	10,049
Ending balance		$ (102,930)	$ (115,148)	$ (102,930)	$ (115,148)
[1]	We reclassified natural gas contracts through cost of sales and the interest rate swap through interest expense on the Condensed Consolidated Statements of Operations. See note 8 for additional information.
[2]	We reclassified the net pension and non-pension post-retirement benefits amortization and settlement charges through other income (expense) on the Condensed Consolidated Statements of Operations. See note 6 for additional information.

Segments (Details)

Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)segment	Jun. 30, 2017USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			3
Net Sales:
Net sales	$ 213,534	$ 197,514	$ 395,447	$ 370,508
Segment EBIT:
Segment EBIT	24,072	14,041	30,822	16,411
Reconciliation of Segment EBIT to Net Income (Loss):
Retained corporate costs	(8,536)	(5,095)	(15,246)	(12,386)
Reorganization charges	0	2,488	0	2,488
Interest expense	(5,456)	(5,138)	(10,540)	(10,005)
(Provision) benefit for income taxes	(6,092)	(2,152)	(4,009)	1,066
Net income (loss)	3,988	(832)	1,027	(7,402)
Depreciation & Amortization:
Depreciation and amortization	11,240	11,228	23,119	22,383
Capital Expenditures:
Capital Expenditures	10,078	15,096	21,349	27,048
United States & Canada
Net Sales:
Net sales	128,474	121,871	236,415	231,200
Segment EBIT:
Segment EBIT	13,358	15,045	18,082	22,546
Depreciation & Amortization:
Depreciation and amortization	3,052	3,084	6,439	6,166
Capital Expenditures:
Capital Expenditures	5,592	2,457	12,729	4,394
Latin America
Net Sales:
Net sales	40,290	36,503	74,623	67,225
Segment EBIT:
Segment EBIT	7,433	1,907	9,583	(1,172)
Depreciation & Amortization:
Depreciation and amortization	4,494	4,510	9,204	8,907
Capital Expenditures:
Capital Expenditures	2,778	4,482	5,167	11,464
EMEA
Net Sales:
Net sales	38,175	31,054	70,423	56,385
Segment EBIT:
Segment EBIT	2,621	(2,057)	3,626	(2,894)
Depreciation & Amortization:
Depreciation and amortization	1,940	1,848	3,949	3,692
Capital Expenditures:
Capital Expenditures	1,449	7,633	2,743	10,396
Other Segments
Net Sales:
Net sales	6,595	8,086	13,986	15,698
Segment EBIT:
Segment EBIT	660	(854)	(469)	(2,069)
Depreciation & Amortization:
Depreciation and amortization	1,309	1,329	2,623	2,683
Capital Expenditures:
Capital Expenditures	142	255	262	468
Corporate
Depreciation & Amortization:
Depreciation and amortization	445	457	904	935
Capital Expenditures:
Capital Expenditures	$ 117	$ 269	$ 448	$ 326

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Channel Revenue	$ 213,534	$ 395,447
Foodservice
Disaggregation of Revenue [Line Items]
Channel Revenue	93,194	169,367
Retail
Disaggregation of Revenue [Line Items]
Channel Revenue	61,670	117,431
Business-to-business
Disaggregation of Revenue [Line Items]
Channel Revenue	$ 58,670	$ 108,649
Minimum
Payment Terms [Line Items]
Payment Terms		0 days
Minimum | United States & Canada | Sales Revenue, Segment [Member] | Foodservice and Retail
Disaggregation of Revenue [Line Items]
Percentage of revenue	75.00%	75.00%
Minimum | Latin America | Sales Revenue, Segment [Member] | Retail and Business-to-business
Disaggregation of Revenue [Line Items]
Percentage of revenue	75.00%	75.00%
Minimum | EMEA | Sales Revenue, Segment [Member] | Retail and Business-to-business
Disaggregation of Revenue [Line Items]
Percentage of revenue	75.00%	75.00%
Maximum
Payment Terms [Line Items]
Payment Terms		90 days

Fair Value (Details)

Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Level 1
Fair Value of Financial Instruments
Net derivative asset (liability)	$ 0	$ 0
Level 2
Fair Value of Financial Instruments
Net derivative asset (liability)	2,334	(70)
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)	65	(503)
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)	2,269	433
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)	2,334	(70)
Total | Commodity futures natural gas contracts
Fair Value of Financial Instruments
Net derivative asset (liability)	65	(503)
Total | Interest Rate Swap
Fair Value of Financial Instruments
Net derivative asset (liability)	$ 2,269	$ 433

Fair Value Additional (Details)

Fair Value Additional (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Value of Financial Instruments
Term Loan B, Carrying Value		$ 406,585	$ 387,685
Senior Loans | Subsidiary, Libbey Glass
Value of Financial Instruments
Term Loan B, Carrying Value	[1]	382,400	384,600
Level 2 | Senior Loans | Subsidiary, Libbey Glass
Value of Financial Instruments
Term Loan B, Fair Value		$ 375,708	$ 370,178
[1]	We have entered into an interest rate swap that 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 5.05 percent at June 30, 2018.

Other Income (Expense) (Details

Other Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	$ 2,580	$ (852)	$ 473	$ (3,638)
Gain (loss) on currency transactions
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	2,662	(691)	1,012	(2,235)
Gain (loss) on mark-to-market natural gas contracts
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	0	(236)	0	(819)
Pension and non-pension benefits, excluding service cost
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	(243)	(208)	(583)	(734)
Other Non-Operating Income (Expense)
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	$ 161	$ 283	$ 44	$ 150