Libbey (LBY) 10-Q 1 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 24, 2019
Entity Information [Line Items]
Entity Registrant Name	LIBBEY INC
Entity Central Index Key	0000902274
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		22,277,660

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Total revenues	$ 175,649	$ 182,670
Cost of sales	141,691	149,000
Gross profit	33,958	33,670
Selling, general and administrative expenses	32,580	31,523
Income from operations	1,378	2,147
Other income (expense)	(1,584)	(2,107)
Earnings (loss) before interest and income taxes	(206)	40
Interest expense	5,632	5,084
Loss before income taxes	(5,838)	(5,044)
Benefit from income taxes	(1,296)	(2,083)
Net loss	$ (4,542)	$ (2,961)
Net loss per share:
Basic	$ (0.20)	$ (0.13)
Diluted	(0.20)	(0.13)
Dividends declared per share	$ 0	$ 0.1175
Net sales
Total revenues	$ 174,966	$ 181,913
Freight billed to customers
Total revenues	$ 683	$ 757

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net loss	$ (4,542)	$ (2,961)
Other comprehensive income (loss):
Pension and other post-retirement benefit adjustments, net of tax	777	755
Change in fair value of derivative instruments, net of tax	(3,054)	1,470
Foreign currency translation adjustments, net of tax	(26)	4,333
Other comprehensive income (loss), net of tax	(2,303)	6,558
Comprehensive income (loss)	$ (6,845)	$ 3,597

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 14,965	$ 25,066
Accounts receivable - net	81,917	83,977
Inventories - net	209,868	192,103
Prepaid and other current assets	19,484	16,522
Total current assets	326,234	317,668
Purchased intangible assets - net	13,070	13,385
Goodwill	84,412	84,412
Deferred income taxes	27,729	26,090
Other assets	10,293	7,660
Operating lease right-of-use assets	65,621	0
Property, plant and equipment - net	258,968	264,960
Total assets	786,327	714,175
Liabilities and Shareholders' Equity:
Accounts payable	75,366	74,836
Salaries and wages	21,937	27,924
Accrued liabilities	39,137	43,728
Accrued income taxes	3,068	3,639
Pension liability (current portion)	3,333	3,282
Non-pension post-retirement benefits (current portion)	3,955	3,951
Operating lease liabilities (current portion)	12,499	0
Long-term debt due within one year	4,400	4,400
Total current liabilities	163,695	161,760
Long-term debt	417,625	393,300
Pension liability	44,238	45,206
Non-pension post-retirement benefits	42,001	43,015
Noncurrent operating lease liabilities	53,672	0
Deferred income taxes	2,713	2,755
Other long-term liabilities	18,722	18,246
Total liabilities	742,666	664,282
Contingencies (Note 15)
Shareholders' equity:
Common stock, par value $.01 per share, 50,000,000 shares authorized, 22,273,568 shares issued in 2019 (22,157,220 shares issued in 2018)	223	222
Capital in excess of par value	336,129	335,517
Retained deficit	(175,983)	(171,441)
Accumulated other comprehensive loss	(116,708)	(114,405)
Total shareholders' equity	43,661	49,893
Total liabilities and shareholders' equity	$ 786,327	$ 714,175

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets Parenthetical - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	22,273,568	22,157,220

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity - 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	$ 0			$ 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 loss	(2,961)			(2,961)
Other comprehensive income (loss)	6,558				6,558
Stock compensation expense	270		270
Dividends	(2,595)			(2,595)
Stock withheld for employee taxes	(203)		(203)
Stock issued, shares		63,582
Stock issued, value	92	$ 1	91
Balance, shares at Mar. 31, 2018		22,081,592
Balance, value at Mar. 31, 2018	68,055	$ 221	333,169	(166,446)	(98,889)
Balance, shares at Dec. 31, 2018		22,157,220
Balance, value at Dec. 31, 2018	49,893	$ 222	335,517	(171,441)	(114,405)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,542)			(4,542)
Other comprehensive income (loss)	(2,303)				(2,303)
Stock compensation expense	937		937
Stock withheld for employee taxes	(317)		(317)
Stock issued, shares		116,348
Stock issued, value	(7)	$ 1	(8)
Balance, shares at Mar. 31, 2019		22,273,568
Balance, value at Mar. 31, 2019	$ 43,661	$ 223	$ 336,129	$ (175,983)	$ (116,708)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities:
Net loss	$ (4,542)	$ (2,961)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	9,931	11,879
Change in accounts receivable	1,784	4,962
Change in inventories	(18,075)	(14,311)
Change in accounts payable	2,644	(4,458)
Accrued interest and amortization of discounts and finance fees	285	357
Pension & non-pension post-retirement benefits, net	(977)	1,975
Accrued liabilities & prepaid expenses	(12,054)	(7,464)
Income taxes	(3,516)	(2,769)
Share-based compensation expense	942	290
Other operating activities	(327)	(644)
Net cash used in operating activities	(23,905)	(13,144)
Investing activities:
Additions to property, plant and equipment	(10,361)	(11,271)
Net cash used in investing activities	(10,361)	(11,271)
Financing activities:
Borrowings on ABL credit facility	42,300	42,177
Repayments on ABL credit facility	(16,800)	(12,000)
Other repayments	0	(1,383)
Repayments on Term Loan B	(1,100)	(1,100)
Taxes paid on distribution of equity awards	(317)	(203)
Dividends	0	(2,595)
Net cash provided by financing activities	24,083	24,896
Effect of exchange rate fluctuations on cash	82	569
Increase (decrease) in cash	(10,101)	1,050
Cash & cash equivalents at beginning of period	25,066	24,696
Cash & cash equivalents at end of period	14,965	25,746
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	5,147	4,588
Cash paid during the period for income taxes	$ 1,151	$ 1,120

Description of the Business

Description of the Business	3 Months Ended
	Mar. 31, 2019
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	3 Months Ended
	Mar. 31, 2019
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 period ended March 31, 2019 , are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 . The balance sheet at December 31, 2018 , 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, 2018 . Software We account for software in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 350. Software represents the costs of internally developed and/or purchased software for internal use. Capitalized costs include software packages, installation and internal labor costs of employees devoted to the software development project. Costs incurred to modify existing software, providing significant enhancements and creating additional functionality are also capitalized. Once a project is complete, we estimate the useful life of the internal-use software, generally amortizing these costs over a 5 to 10 year period. Software is classified on the balance sheet in property, plant and equipment, and the related cash flows are shown as cash outflows from investing activities. Cloud Computing Arrangements We account for implementation costs for software that we gain access to in hosted cloud computing arrangements in accordance with FASB ASC 350. Capitalized costs of hosted cloud computing arrangements include configuration, installation, other upfront costs and internal labor costs of employees devoted to the cloud computing software implementation project. Once a project is complete, amortization is computed using the straight-line method over the term of the associated hosting arrangement, generally 3 to 10 years. In connection with our adoption of Accounting Standards Update (ASU) 2018-15 on January 1, 2019, these implementation costs are now classified on the balance sheet in prepaid and other current assets and other assets, and the related cash flows are presented as cash outflows from operations. Prior to January 1, 2019, implementation costs were included in property, plant and equipment, and the related cash flows were shown as cash outflows from investing activities. See New Accounting Standards - Adopted below. Our cloud computing arrangements primarily relate to our new global enterprise resource planning (ERP) system. At March 31, 2019, the net book value of these implementation costs included $0.3 million in prepaid and other current assets and $2.8 million in other assets on the Condensed Consolidated Balance Sheet. Amortization expense for the first quarter and accumulated amortization were both immaterial. Leases We determine if an arrangement is a lease at inception. As of January 1, 2019, operating leases are included in operating lease right-of-use (ROU) assets, current operating lease liabilities and noncurrent operating lease liabilities in our balance sheet; related payments are included in operating activities on the statement of cash flows. We currently do not have any finance leases; but, if we do in the future, we will include them in property, plant and equipment, long-term debt due within one year and long-term debt within our balance sheet. ROU assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. When our leases do not provide an implicit rate, we use our incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments. We give consideration to our secured borrowing rates as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates. The operating lease ROU asset also includes any lease prepayments made before commencement or in advance of the payment due date. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Leases with a term of 12 months or less (short-term leases) are not recorded on the balance sheet. Our lease agreements do not contain any residual value guarantees or material restrictive covenants. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Variable lease costs represent the incremental change in lease payments associated with an indexed rate (i.e. Consumers Price Index), and these costs are not included in the lease liability on the balance sheet because they are unknown at commencement date. We have lease agreements with lease and non-lease components. Non-lease components for real estate leases relate primarily to common area maintenance, insurance, taxes and utilities associated with the properties. For real estate leases and a limited class of equipment leases, we account for the lease and non-lease components separately. Non-lease components are not recorded on the balance sheet as a ROU asset and lease liability and are not included in lease costs. For all other equipment leases, we account for the lease and non-lease components as a single lease component. See New Accounting Standards - Adopted below for the adoption impact of this lease accounting standard. Stock-Based Compensation Expense Stock-based compensation expense charged to the Condensed Consolidated Statements of Operations is as follows: Three months ended March 31, (dollars in thousands) 2019 2018 Stock-based compensation expense $ 942 $ 290 New Accounting Standards - Adopted Each change to U.S. GAAP is established by the FASB in the form of an ASU to the FASB’s 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. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires a lessee to recognize on the balance sheet ROU assets and corresponding liabilities for both finance and operating leases with lease terms greater than 12 months. On January 1, 2019, we adopted this standard using the optional transition method of applying the modified retrospective approach at our adoption date. Under this method, previously reported comparative periods prior to 2019 have not been restated. We have elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our prior conclusions on existing contracts for lease identification, lease classification and initial direct costs. In addition, for most of our classes of equipment leases, we elected the practical expedient to not separate lease and non-lease components. We also made an accounting policy election to keep leases with a term of 12 months or less off of the balance sheet for all classes of underlying assets. At adoption, we had operating leases which resulted in us recognizing operating ROU assets and lease liabilities on the balance sheet of approximately $69 million . The adoption of this ASU did not have a material impact on our condensed consolidated results of operations or cash flows, and there was no cumulative effect adjustment to retained earnings. The new standard also required additional disclosures which are included in note 13 . On January 1, 2019, we early adopted ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract . This standard aligns the requirements for capitalizing implementation costs in a cloud computing arrangement service contract with the requirements for capitalizing implementation costs incurred for internal-use software. The new guidance also prescribes the balance sheet, income statement and cash flow classification of the capitalized implementation costs and related amortization expense, and requires additional quantitative and qualitative disclosures. Prior to January 1, 2019, implementation costs for cloud computing arrangements were capitalized into property, plant and equipment and amortized on a straight-line basis. Upon adoption of this new standard, we reclassed $2.8 million from construction in progress within property, plant, and equipment to other assets. When implementation projects are completed and amortization of capitalized costs begins, a portion is recorded in prepaids and other current assets. Results and disclosures for reporting periods beginning on or after January 1, 2019, are presented under the new guidance within ASU 2018-15, while prior period amounts and disclosures are not adjusted and continue to be reported in accordance with our previous accounting. New Accounting Standards - Not Yet Adopted 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. Although we are still evaluating the impact of this standard, we believe it will not have a material impact on our Condensed Consolidated Financial Statements.

Balance Sheet Details

Balance Sheet Details	3 Months Ended
	Mar. 31, 2019
Balance Sheet Details [Abstract]
Balance Sheet Details	Balance Sheet Details The following table provides detail of selected balance sheet items: (dollars in thousands) March 31, 2019 December 31, 2018 Accounts receivable: Trade receivables $ 80,095 $ 82,521 Other receivables 1,822 1,456 Total accounts receivable, less allowances of $7,846 and $8,538 $ 81,917 $ 83,977 Inventories: Finished goods $ 192,625 $ 175,074 Work in process 1,555 1,363 Raw materials 3,886 4,026 Repair parts 10,206 10,116 Operating supplies 1,596 1,524 Total inventories, less loss provisions of $8,398 and $9,453 $ 209,868 $ 192,103 Accrued liabilities: Accrued incentives $ 15,924 $ 19,359 Other accrued liabilities 23,213 24,369 Total accrued liabilities $ 39,137 $ 43,728

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Borrowings	Borrowings Borrowings consist of the following: (dollars in thousands) Interest Rate Maturity Date March 31, December 31, Borrowings under ABL Facility floating (2) December 7, 2022 (1) $ 45,045 $ 19,868 Term Loan B floating (3) April 9, 2021 379,100 380,200 Total borrowings 424,145 400,068 Less — unamortized discount and finance fees 2,120 2,368 Total borrowings — net 422,025 397,700 Less — long term debt due within one year 4,400 4,400 Total long-term portion of borrowings — net $ 417,625 $ 393,300 ________________________ (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 3.11 percent at March 31, 2019. (3) We have entered into interest rate swaps that effectively fix a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swaps in note 8 for additional details. The Term Loan B floating interest rate was 5.49 percent at March 31, 2019. 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 March 31, 2019 , $8.6 million in letters of credit and other reserves were outstanding. Remaining unused availability under the ABL Facility was $46.4 million at March 31, 2019 , compared to $71.6 million at December 31, 2018 .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
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 22.2 percent for the three months ended March 31, 2019 , compared to 41.3 percent for the three months ended March 31, 2018 . Our effective tax rate for the three months ended March 31, 2019, which was above the United States statutory rate of 21 percent, was decreased 46.4 percent by the timing and mix of pretax income earned outside the United States, increased 3.4 percent by the impact of foreign exchange, increased 22.5 percent for nondeductible interest and increased 21.7 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 three months ended March 31, 2019.

Pension and Non-pension Post-re

Pension and Non-pension Post-retirement Benefits	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Pension and Non-pension Postretirement Benefits	Pension and Non-pension Post-retirement Benefits The components of our net pension expense, including the SERP (supplemental employee retirement plan), are as follows: Three months ended March 31, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2019 2018 2019 2018 2019 2018 Service cost $ 783 $ 979 $ 259 $ 292 $ 1,042 $ 1,271 Interest cost 3,382 3,165 769 763 4,151 3,928 Expected return on plan assets (5,193 ) (5,660 ) — — (5,193 ) (5,660 ) Amortization of unrecognized: Prior service (credit) — — (50 ) (51 ) (50 ) (51 ) Actuarial loss 1,087 1,637 103 159 1,190 1,796 Pension expense $ 59 $ 121 $ 1,081 $ 1,163 $ 1,140 $ 1,284 We have contributed $1.3 million of cash to our pension plans for the three months ended March 31, 2019 . Pension contributions for the remainder of 2019 are estimated to be $2.1 million . The provision for our non-pension, post-retirement, benefit expense consists of the following: Three months ended March 31, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2019 2018 2019 2018 2019 2018 Service cost $ 110 $ 151 $ — $ — $ 110 $ 151 Interest cost 469 456 9 10 478 466 Amortization of unrecognized: Prior service (credit) (70 ) (71 ) — — (70 ) (71 ) Actuarial (gain) (82 ) (52 ) (18 ) (16 ) (100 ) (68 ) Non-pension post-retirement benefit expense $ 427 $ 484 $ (9 ) $ (6 ) $ 418 $ 478 Our 2019 estimate of non-pension cash payments is $4.0 million , of which we have paid $1.8 million for the three months ended March 31, 2019 .

Net Income (Loss) per Share of

Net Income (Loss) per Share of Common Stock	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Net Income (Loss) per Share of Common Stock	Net Loss per Share of Common Stock The following table sets forth the computation of basic and diluted loss per share: Three months ended March 31, (dollars in thousands, except earnings per share) 2019 2018 Numerator for earnings per share: Net loss that is available to common shareholders $ (4,542 ) $ (2,961 ) Denominator for basic earnings per share: Weighted average shares outstanding 22,262,565 22,086,640 Denominator for diluted earnings per share: Effect of stock options and restricted stock units — — Adjusted weighted average shares and assumed conversions 22,262,565 22,086,640 Basic loss per share $ (0.20 ) $ (0.13 ) Diluted loss per share $ (0.20 ) $ (0.13 ) Anti-dilutive shares excluded from computation of diluted loss per share 1,483,470 1,167,398 When applicable, diluted shares outstanding is calculated using the weighted-average number of common shares outstanding plus the dilutive effects of equity-based compensation outstanding during the period using the treasury stock method.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2019
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 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. Our contracts with counterparties generally contain right of offset provisions. These provisions effectively reduce our exposure to credit risk in situations where the Company has gain and loss positions outstanding with a single counterparty. It is our policy to offset on the Condensed Consolidated Balance Sheets the amounts recognized for derivative instruments executed with the same counterparty under a master netting agreement. We do not believe we are exposed to more than a nominal amount of credit risk in our natural gas hedges and interest rate swaps as the counterparties are established financial institutions. The counterparties for the derivative agreements are rated BBB+ or better as of March 31, 2019 , 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 March 31, 2019 December 31, 2018 Cash flow hedges: Interest rate swaps Prepaid and other current assets $ 672 $ 1,425 Natural gas contracts Prepaid and other current assets 142 226 Natural gas contracts Other assets 49 39 Total derivative assets $ 863 $ 1,690 Fair Value of Derivative Liabilities Cash flow hedges: Interest rate swaps Other long-term liabilities $ 8,793 $ 5,713 Natural gas contracts Accrued liabilities 84 — Natural gas contracts Other long-term liabilities 6 — Total derivative liabilities $ 8,883 $ 5,713 The following table presents cash settlements (paid) received related to the below derivatives: Three months ended March 31, (dollars in thousands) 2019 2018 Natural gas contracts $ 128 $ (198 ) Interest rate swaps 344 (178 ) Total $ 472 $ (376 ) The following table provides a summary of the impacts of derivative gain (loss) on the Condensed Consolidated Statements of Operations and other comprehensive income (OCI): Three months ended March 31, (dollars in thousands) Location 2019 2018 Cash flow hedges: Derivative gain (loss) recognized into OCI: Natural gas contracts OCI $ (37 ) $ 211 Interest rate swaps OCI (3,478 ) 1,253 Total $ (3,515 ) $ 1,464 Derivative gain (loss) reclassified from accumulated OCI to current earnings: Natural gas contracts Cost of Sales $ 128 $ (198 ) Interest rate swaps Interest expense 355 (143 ) Total $ 483 $ (341 ) 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. The following table presents the notional amount of our natural gas derivatives on the Condensed Consolidated Balance Sheets: Notional Amounts Derivative Types Unit of Measure March 31, 2019 December 31, 2018 Natural gas contracts Millions of British Thermal Units (MMBTUs) 3,130,000 3,150,000 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 contracts 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 Swaps The table below lists the interest rate swaps we executed as part of our risk management strategy to mitigate the risks associated with the fluctuating interest rates under our Term Loan B. The interest rate swaps effectively convert a portion of our Term Loan B debt from a variable interest rate to a fixed interest rate, thus reducing the impact of interest rate changes on future income. Swap execution date Effective date Expiration date Notional amount Fixed swap rate April 1, 2015 January 11, 2016 January 9, 2020 $220.0 million 4.85 % September 24, 2018 January 9, 2020 January 9, 2025 $200.0 million 6.19 % (1) ________________________ (1) Upon refinancing our Term Loan B, the fixed interest rate will be 3.19 percent plus the new refinanced credit spread. Our interest rate swaps are 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 swaps qualify and are designated as cash flow hedges at March 31, 2019 , and are 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 $0.7 million in our Condensed Consolidated Statements of Operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on December 31, 2018 $ (23,240 ) $ (2,866 ) $ (88,299 ) $ (114,405 ) Amounts recognized into AOCI 244 (3,515 ) — (3,271 ) Currency impact — — 34 34 Amounts reclassified from AOCI — (483 ) (1) 970 (2) 487 Tax effect (270 ) 944 (227 ) 447 Other comprehensive income (loss), net of tax (26 ) (3,054 ) 777 (2,303 ) Balance on March 31, 2019 $ (23,266 ) $ (5,920 ) $ (87,522 ) $ (116,708 ) Three months ended March 31, 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 4,333 1,464 — 5,797 Currency impact — — (484 ) (484 ) Amounts reclassified from AOCI — 341 (1) 1,606 (2) 1,947 Tax effect — (335 ) (367 ) (702 ) Other comprehensive income (loss), net of tax 4,333 1,470 755 6,558 Balance on March 31, 2018 $ (11,850 ) $ 1,546 $ (88,585 ) $ (98,889 ) ___________________________ (1) We reclassified natural gas contracts through cost of sales and the interest rate swaps 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	3 Months Ended
	Mar. 31, 2019
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 March 31, (dollars in thousands) 2019 2018 Net Sales: U.S. & Canada $ 109,906 $ 107,941 Latin America 30,401 34,333 EMEA 28,042 32,248 Other 6,617 7,391 Consolidated $ 174,966 $ 181,913 Segment EBIT: U.S. & Canada $ 9,797 $ 4,724 Latin America 649 2,150 EMEA (50 ) 1,005 Other (1,152 ) (1,129 ) Total Segment EBIT $ 9,244 $ 6,750 Reconciliation of Segment EBIT to Net Loss: Segment EBIT $ 9,244 $ 6,750 Retained corporate costs (9,450 ) (6,710 ) Interest expense (5,632 ) (5,084 ) Benefit from income taxes 1,296 2,083 Net loss $ (4,542 ) $ (2,961 ) Depreciation & Amortization: U.S. & Canada $ 3,133 $ 3,387 Latin America 3,780 4,710 EMEA 1,699 2,009 Other 882 1,314 Corporate 437 459 Consolidated $ 9,931 $ 11,879 Capital Expenditures: U.S. & Canada $ 3,384 $ 7,137 Latin America 4,191 2,389 EMEA 2,346 1,294 Other 259 120 Corporate 181 331 Consolidated $ 10,361 $ 11,271

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
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. For the three months ended March 31, 2019 and 2018 , bad debt expense was immaterial. Additionally, adjustments related to revenue recognized in prior periods was not material for the three months ended March 31, 2019 and 2018 . There were no material contract assets, contract liabilities or deferred contract costs recorded on the Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 . Disaggregation of Revenue: The following table presents our net sales disaggregated by business channel: Three months ended March 31, (dollars in thousands) 2019 2018 Foodservice $ 70,817 $ 76,173 Retail 55,573 55,761 Business-to-business 48,576 49,979 Consolidated $ 174,966 $ 181,913 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.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2019
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) March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Commodity futures natural gas contracts $ — $ 101 $ — $ 101 $ — $ 265 $ — $ 265 Interest rate swaps — (8,121 ) — (8,121 ) — (4,288 ) — (4,288 ) Net derivative asset (liability) $ — $ (8,020 ) $ — $ (8,020 ) $ — $ (4,023 ) $ — $ (4,023 ) The fair values of our commodity futures natural gas contracts are determined using observable market inputs. The fair value of our interest rate swaps are 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 swaps 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: March 31, 2019 December 31, 2018 (dollars in thousands) Fair Value Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan B Level 2 $ 379,100 $ 354,459 $ 380,200 $ 362,141 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 cash and cash equivalents, accounts receivable and accounts payable approximate their carrying value due to their short-term nature.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases Globally, we lease certain warehouses, office space, showrooms, manufacturing and office equipment, automobiles and outlet stores. Many of the real estate leases contain one or more options to renew, with renewal options that can extend the lease term from one to 20 years or more. The exercise of lease renewal options is at our discretion and is not reasonably certain at lease commencement. Most of our equipment leases have a lease term of two to eight years with limited renewal options. However, one class of equipment has a lease term of 15 years with annual renewal options thereafter. Generally, the longer term lease agreements contain escalating lease payments or are adjusted periodically for inflation. At March 31, 2019, the weighted-average remaining lease term was 6.8 years , and the weighted-average discount rate was 4.05 percent. Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. The following table presents the lease costs and supplemental cash flow information related to our operating leases: (dollars in thousands) Three months ended March 31, 2019 Operating lease costs $ 3,961 Short-term lease costs (1) 880 Total lease costs $ 4,841 (1) Includes variable lease costs which are immaterial. Cash paid for operating leases included in the measurement of lease liabilities $ 3,945 ROU assets obtained in exchange for lease liabilities $ 69,562 The following table reconciles the undiscounted cash flows to the operating lease liabilities recorded on the balance sheet: (dollars in thousands) March 31, 2019 2019 (remainder of year) $ 11,162 2020 13,753 2021 10,304 2022 9,120 2023 8,507 2024 and thereafter 22,866 Total minimum lease payments 75,712 Less: interest (9,541 ) Present value of future minimum lease payments 66,171 Less: lease liabilities (current portion) (12,499 ) Noncurrent lease liabilities $ 53,672 As of March 31, 2019, we have an additional operating lease commitment that has not yet commenced of approximately $ 1.3 million . This lease will commence during the second quarter of 2019 with a lease term of 10 years. As presented in our 2018 Form 10-K, the future minimum rental commitments under ASC 840 for non-cancelable operating leases as of December 31, 2018, was as follows (dollars in thousands): 2019 2020 2021 2022 2023 2024 and thereafter $15,407 $13,787 $10,339 $9,143 $8,551 $20,755

Other Income (Expense)

Other Income (Expense)	3 Months Ended
	Mar. 31, 2019
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 March 31, (dollars in thousands) 2019 2018 Gain (loss) on currency transactions $ (1,163 ) $ (1,650 ) Pension and non-pension benefits, excluding service cost (406 ) (340 ) Other non-operating income (expense) (15 ) (117 ) Other income (expense) $ (1,584 ) $ (2,107 )

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2019
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 cleanup 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 these proceedings, we believe that these environmental 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, 2018 . Please refer to Part II, Item 8. "Financial Statements and Supplementary Data," note 17, Contingencies, included in our 2018 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 Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
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 period ended March 31, 2019 , are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 . The balance sheet at December 31, 2018 , 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, 2018 .
Software	Software We account for software in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 350. Software represents the costs of internally developed and/or purchased software for internal use. Capitalized costs include software packages, installation and internal labor costs of employees devoted to the software development project. Costs incurred to modify existing software, providing significant enhancements and creating additional functionality are also capitalized. Once a project is complete, we estimate the useful life of the internal-use software, generally amortizing these costs over a 5 to 10 year period. Software is classified on the balance sheet in property, plant and equipment, and the related cash flows are shown as cash outflows from investing activities.
Cloud Computing Arrangements	Cloud Computing Arrangements We account for implementation costs for software that we gain access to in hosted cloud computing arrangements in accordance with FASB ASC 350. Capitalized costs of hosted cloud computing arrangements include configuration, installation, other upfront costs and internal labor costs of employees devoted to the cloud computing software implementation project. Once a project is complete, amortization is computed using the straight-line method over the term of the associated hosting arrangement, generally 3 to 10 years. In connection with our adoption of Accounting Standards Update (ASU) 2018-15 on January 1, 2019, these implementation costs are now classified on the balance sheet in prepaid and other current assets and other assets, and the related cash flows are presented as cash outflows from operations. Prior to January 1, 2019, implementation costs were included in property, plant and equipment, and the related cash flows were shown as cash outflows from investing activities.
Leases	Leases We determine if an arrangement is a lease at inception. As of January 1, 2019, operating leases are included in operating lease right-of-use (ROU) assets, current operating lease liabilities and noncurrent operating lease liabilities in our balance sheet; related payments are included in operating activities on the statement of cash flows. We currently do not have any finance leases; but, if we do in the future, we will include them in property, plant and equipment, long-term debt due within one year and long-term debt within our balance sheet. ROU assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. When our leases do not provide an implicit rate, we use our incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments. We give consideration to our secured borrowing rates as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates. The operating lease ROU asset also includes any lease prepayments made before commencement or in advance of the payment due date. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Leases with a term of 12 months or less (short-term leases) are not recorded on the balance sheet. Our lease agreements do not contain any residual value guarantees or material restrictive covenants. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Variable lease costs represent the incremental change in lease payments associated with an indexed rate (i.e. Consumers Price Index), and these costs are not included in the lease liability on the balance sheet because they are unknown at commencement date. We have lease agreements with lease and non-lease components. Non-lease components for real estate leases relate primarily to common area maintenance, insurance, taxes and utilities associated with the properties. For real estate leases and a limited class of equipment leases, we account for the lease and non-lease components separately. Non-lease components are not recorded on the balance sheet as a ROU asset and lease liability and are not included in lease costs. For all other equipment leases, we account for the lease and non-lease components as a single lease component.
New Accounting Standards	New Accounting Standards - Adopted Each change to U.S. GAAP is established by the FASB in the form of an ASU to the FASB’s 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. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires a lessee to recognize on the balance sheet ROU assets and corresponding liabilities for both finance and operating leases with lease terms greater than 12 months. On January 1, 2019, we adopted this standard using the optional transition method of applying the modified retrospective approach at our adoption date. Under this method, previously reported comparative periods prior to 2019 have not been restated. We have elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our prior conclusions on existing contracts for lease identification, lease classification and initial direct costs. In addition, for most of our classes of equipment leases, we elected the practical expedient to not separate lease and non-lease components. We also made an accounting policy election to keep leases with a term of 12 months or less off of the balance sheet for all classes of underlying assets. At adoption, we had operating leases which resulted in us recognizing operating ROU assets and lease liabilities on the balance sheet of approximately $69 million . The adoption of this ASU did not have a material impact on our condensed consolidated results of operations or cash flows, and there was no cumulative effect adjustment to retained earnings. The new standard also required additional disclosures which are included in note 13 . On January 1, 2019, we early adopted ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract . This standard aligns the requirements for capitalizing implementation costs in a cloud computing arrangement service contract with the requirements for capitalizing implementation costs incurred for internal-use software. The new guidance also prescribes the balance sheet, income statement and cash flow classification of the capitalized implementation costs and related amortization expense, and requires additional quantitative and qualitative disclosures. Prior to January 1, 2019, implementation costs for cloud computing arrangements were capitalized into property, plant and equipment and amortized on a straight-line basis. Upon adoption of this new standard, we reclassed $2.8 million from construction in progress within property, plant, and equipment to other assets. When implementation projects are completed and amortization of capitalized costs begins, a portion is recorded in prepaids and other current assets. Results and disclosures for reporting periods beginning on or after January 1, 2019, are presented under the new guidance within ASU 2018-15, while prior period amounts and disclosures are not adjusted and continue to be reported in accordance with our previous accounting. New Accounting Standards - Not Yet Adopted 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. Although we are still evaluating the impact of this standard, we believe it will not have a material impact on our Condensed Consolidated Financial Statements.
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.
Earnings Per Share, Policy	When applicable, diluted shares outstanding is calculated using the weighted-average number of common shares outstanding plus the dilutive effects of equity-based compensation outstanding during the 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 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. Our contracts with counterparties generally contain right of offset provisions. These provisions effectively reduce our exposure to credit risk in situations where the Company has gain and loss positions outstanding with a single counterparty. It is our policy to offset on the Condensed Consolidated Balance Sheets the amounts recognized for derivative instruments executed with the same counterparty under a master netting agreement.
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.
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 swaps are 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 swaps are hedges of either recorded assets or liabilities or anticipated transactions.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Stock-based compensation expense charged to the Condensed Consolidated Statements of Operations is as follows: Three months ended March 31, (dollars in thousands) 2019 2018 Stock-based compensation expense $ 942 $ 290

Balance Sheet Details (Tables)

Balance Sheet Details (Tables)	3 Months Ended
	Mar. 31, 2019
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) March 31, 2019 December 31, 2018 Accounts receivable: Trade receivables $ 80,095 $ 82,521 Other receivables 1,822 1,456 Total accounts receivable, less allowances of $7,846 and $8,538 $ 81,917 $ 83,977 Inventories: Finished goods $ 192,625 $ 175,074 Work in process 1,555 1,363 Raw materials 3,886 4,026 Repair parts 10,206 10,116 Operating supplies 1,596 1,524 Total inventories, less loss provisions of $8,398 and $9,453 $ 209,868 $ 192,103 Accrued liabilities: Accrued incentives $ 15,924 $ 19,359 Other accrued liabilities 23,213 24,369 Total accrued liabilities $ 39,137 $ 43,728

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Borrowings consist of the following: (dollars in thousands) Interest Rate Maturity Date March 31, December 31, Borrowings under ABL Facility floating (2) December 7, 2022 (1) $ 45,045 $ 19,868 Term Loan B floating (3) April 9, 2021 379,100 380,200 Total borrowings 424,145 400,068 Less — unamortized discount and finance fees 2,120 2,368 Total borrowings — net 422,025 397,700 Less — long term debt due within one year 4,400 4,400 Total long-term portion of borrowings — net $ 417,625 $ 393,300 ________________________ (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 3.11 percent at March 31, 2019. (3) We have entered into interest rate swaps that effectively fix a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swaps in note 8 for additional details. The Term Loan B floating interest rate was 5.49 percent at March 31, 2019.

Pension and Non-pension Post-_2

Pension and Non-pension Post-retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2019
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 (supplemental employee retirement plan), are as follows: Three months ended March 31, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2019 2018 2019 2018 2019 2018 Service cost $ 783 $ 979 $ 259 $ 292 $ 1,042 $ 1,271 Interest cost 3,382 3,165 769 763 4,151 3,928 Expected return on plan assets (5,193 ) (5,660 ) — — (5,193 ) (5,660 ) Amortization of unrecognized: Prior service (credit) — — (50 ) (51 ) (50 ) (51 ) Actuarial loss 1,087 1,637 103 159 1,190 1,796 Pension expense $ 59 $ 121 $ 1,081 $ 1,163 $ 1,140 $ 1,284
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 March 31, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2019 2018 2019 2018 2019 2018 Service cost $ 110 $ 151 $ — $ — $ 110 $ 151 Interest cost 469 456 9 10 478 466 Amortization of unrecognized: Prior service (credit) (70 ) (71 ) — — (70 ) (71 ) Actuarial (gain) (82 ) (52 ) (18 ) (16 ) (100 ) (68 ) Non-pension post-retirement benefit expense $ 427 $ 484 $ (9 ) $ (6 ) $ 418 $ 478

Net Income (Loss) per Share o_2

Net Income (Loss) per Share of Common Stock (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, (dollars in thousands, except earnings per share) 2019 2018 Numerator for earnings per share: Net loss that is available to common shareholders $ (4,542 ) $ (2,961 ) Denominator for basic earnings per share: Weighted average shares outstanding 22,262,565 22,086,640 Denominator for diluted earnings per share: Effect of stock options and restricted stock units — — Adjusted weighted average shares and assumed conversions 22,262,565 22,086,640 Basic loss per share $ (0.20 ) $ (0.13 ) Diluted loss per share $ (0.20 ) $ (0.13 ) Anti-dilutive shares excluded from computation of diluted loss per share 1,483,470 1,167,398

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative [Line Items]
Schedule of Derivative Assets and Liabilities at Fair Value	The following table provides the fair values of our derivative financial instruments for the periods presented: (dollars in thousands) Fair Value of Derivative Assets Balance Sheet Location March 31, 2019 December 31, 2018 Cash flow hedges: Interest rate swaps Prepaid and other current assets $ 672 $ 1,425 Natural gas contracts Prepaid and other current assets 142 226 Natural gas contracts Other assets 49 39 Total derivative assets $ 863 $ 1,690 Fair Value of Derivative Liabilities Cash flow hedges: Interest rate swaps Other long-term liabilities $ 8,793 $ 5,713 Natural gas contracts Accrued liabilities 84 — Natural gas contracts Other long-term liabilities 6 — Total derivative liabilities $ 8,883 $ 5,713
Schedule of Derivative Instruments	The following table presents cash settlements (paid) received related to the below derivatives: Three months ended March 31, (dollars in thousands) 2019 2018 Natural gas contracts $ 128 $ (198 ) Interest rate swaps 344 (178 ) Total $ 472 $ (376 )
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 Condensed Consolidated Statements of Operations and other comprehensive income (OCI): Three months ended March 31, (dollars in thousands) Location 2019 2018 Cash flow hedges: Derivative gain (loss) recognized into OCI: Natural gas contracts OCI $ (37 ) $ 211 Interest rate swaps OCI (3,478 ) 1,253 Total $ (3,515 ) $ 1,464 Derivative gain (loss) reclassified from accumulated OCI to current earnings: Natural gas contracts Cost of Sales $ 128 $ (198 ) Interest rate swaps Interest expense 355 (143 ) Total $ 483 $ (341 )
Natural Gas Contracts
Derivative [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions	The following table presents the notional amount of our natural gas derivatives on the Condensed Consolidated Balance Sheets: Notional Amounts Derivative Types Unit of Measure March 31, 2019 December 31, 2018 Natural gas contracts Millions of British Thermal Units (MMBTUs) 3,130,000 3,150,000
Interest Rate Swaps
Derivative [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions	The table below lists the interest rate swaps we executed as part of our risk management strategy to mitigate the risks associated with the fluctuating interest rates under our Term Loan B. The interest rate swaps effectively convert a portion of our Term Loan B debt from a variable interest rate to a fixed interest rate, thus reducing the impact of interest rate changes on future income. Swap execution date Effective date Expiration date Notional amount Fixed swap rate April 1, 2015 January 11, 2016 January 9, 2020 $220.0 million 4.85 % September 24, 2018 January 9, 2020 January 9, 2025 $200.0 million 6.19 % (1) ________________________ (1) Upon refinancing our Term Loan B, the fixed interest rate will be 3.19 percent plus the new refinanced credit spread.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Balance on December 31, 2018 $ (23,240 ) $ (2,866 ) $ (88,299 ) $ (114,405 ) Amounts recognized into AOCI 244 (3,515 ) — (3,271 ) Currency impact — — 34 34 Amounts reclassified from AOCI — (483 ) (1) 970 (2) 487 Tax effect (270 ) 944 (227 ) 447 Other comprehensive income (loss), net of tax (26 ) (3,054 ) 777 (2,303 ) Balance on March 31, 2019 $ (23,266 ) $ (5,920 ) $ (87,522 ) $ (116,708 ) Three months ended March 31, 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 4,333 1,464 — 5,797 Currency impact — — (484 ) (484 ) Amounts reclassified from AOCI — 341 (1) 1,606 (2) 1,947 Tax effect — (335 ) (367 ) (702 ) Other comprehensive income (loss), net of tax 4,333 1,470 755 6,558 Balance on March 31, 2018 $ (11,850 ) $ 1,546 $ (88,585 ) $ (98,889 ) ___________________________ (1) We reclassified natural gas contracts through cost of sales and the interest rate swaps 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)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Reconciliation from Segment Totals to Consolidated [Table Text Block]	Three months ended March 31, (dollars in thousands) 2019 2018 Net Sales: U.S. & Canada $ 109,906 $ 107,941 Latin America 30,401 34,333 EMEA 28,042 32,248 Other 6,617 7,391 Consolidated $ 174,966 $ 181,913 Segment EBIT: U.S. & Canada $ 9,797 $ 4,724 Latin America 649 2,150 EMEA (50 ) 1,005 Other (1,152 ) (1,129 ) Total Segment EBIT $ 9,244 $ 6,750 Reconciliation of Segment EBIT to Net Loss: Segment EBIT $ 9,244 $ 6,750 Retained corporate costs (9,450 ) (6,710 ) Interest expense (5,632 ) (5,084 ) Benefit from income taxes 1,296 2,083 Net loss $ (4,542 ) $ (2,961 ) Depreciation & Amortization: U.S. & Canada $ 3,133 $ 3,387 Latin America 3,780 4,710 EMEA 1,699 2,009 Other 882 1,314 Corporate 437 459 Consolidated $ 9,931 $ 11,879 Capital Expenditures: U.S. & Canada $ 3,384 $ 7,137 Latin America 4,191 2,389 EMEA 2,346 1,294 Other 259 120 Corporate 181 331 Consolidated $ 10,361 $ 11,271

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our net sales disaggregated by business channel: Three months ended March 31, (dollars in thousands) 2019 2018 Foodservice $ 70,817 $ 76,173 Retail 55,573 55,761 Business-to-business 48,576 49,979 Consolidated $ 174,966 $ 181,913

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	The fair value of our derivative financial instruments by level is as follows: Fair Value at Fair Value at Asset / (Liability) (dollars in thousands) March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Commodity futures natural gas contracts $ — $ 101 $ — $ 101 $ — $ 265 $ — $ 265 Interest rate swaps — (8,121 ) — (8,121 ) — (4,288 ) — (4,288 ) Net derivative asset (liability) $ — $ (8,020 ) $ — $ (8,020 ) $ — $ (4,023 ) $ — $ (4,023 )
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: March 31, 2019 December 31, 2018 (dollars in thousands) Fair Value Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan B Level 2 $ 379,100 $ 354,459 $ 380,200 $ 362,141

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease Costs and Supplemental Cash Flow Information Related to Leases	The following table presents the lease costs and supplemental cash flow information related to our operating leases: (dollars in thousands) Three months ended March 31, 2019 Operating lease costs $ 3,961 Short-term lease costs (1) 880 Total lease costs $ 4,841 (1) Includes variable lease costs which are immaterial. Cash paid for operating leases included in the measurement of lease liabilities $ 3,945 ROU assets obtained in exchange for lease liabilities $ 69,562
Reconciliation of Undiscounted Cash Flows to the Operating Lease Liability	The following table reconciles the undiscounted cash flows to the operating lease liabilities recorded on the balance sheet: (dollars in thousands) March 31, 2019 2019 (remainder of year) $ 11,162 2020 13,753 2021 10,304 2022 9,120 2023 8,507 2024 and thereafter 22,866 Total minimum lease payments 75,712 Less: interest (9,541 ) Present value of future minimum lease payments 66,171 Less: lease liabilities (current portion) (12,499 ) Noncurrent lease liabilities $ 53,672
Future Minimum Rental Payments Under Operating Leases	As presented in our 2018 Form 10-K, the future minimum rental commitments under ASC 840 for non-cancelable operating leases as of December 31, 2018, was as follows (dollars in thousands): 2019 2020 2021 2022 2023 2024 and thereafter $15,407 $13,787 $10,339 $9,143 $8,551 $20,755

Other Income (Expense) (Tables)

Other Income (Expense) (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, (dollars in thousands) 2019 2018 Gain (loss) on currency transactions $ (1,163 ) $ (1,650 ) Pension and non-pension benefits, excluding service cost (406 ) (340 ) Other non-operating income (expense) (15 ) (117 ) Other income (expense) $ (1,584 ) $ (2,107 )

Description of the Business (De

Description of the Business (Details)	Mar. 31, 2019plantcountry
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 Polici_4

Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Stock-based compensation expense	$ 942,000	$ 290,000
Operating lease right-of-use assets	65,621,000			$ 0
Operating lease liability	66,171,000
Cumulative-effect adjustment for the adoption of ASU 2016-02					$ 0
Reclassification out of property, plant and equipment	258,968,000			264,960,000
Reclassification into other assets	$ 10,293,000			7,660,000
Software | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	5 years
Software | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	10 years
Cloud Computing Arrangements | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	3 years
Cloud Computing Arrangements | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	10 years
Prepaid and other current assets
Finite-Lived Intangible Assets [Line Items]
Implementation costs	$ 300,000
Other assets
Finite-Lived Intangible Assets [Line Items]
Implementation costs	$ 2,800,000
Accounting Standards Update 2016-02
Finite-Lived Intangible Assets [Line Items]
Operating lease right-of-use assets			$ 69,000,000
Operating lease liability			69,000,000
Cumulative-effect adjustment for the adoption of ASU 2016-02				$ 0
Accounting Standards Update 2018-15
Finite-Lived Intangible Assets [Line Items]
Reclassification out of property, plant and equipment			(2,800,000)
Reclassification into other assets			$ 2,800,000

Balance Sheet Details (Details)

Balance Sheet Details (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts receivable:
Accounts receivable	$ 81,917	$ 83,977
Allowances for accounts receivable	7,846	8,538
Inventories:
Finished goods	192,625	175,074
Work in process	1,555	1,363
Raw materials	3,886	4,026
Repair parts	10,206	10,116
Operating supplies	1,596	1,524
Total inventories, less loss provisions of $8,398 and $9,453	209,868	192,103
Inventory loss provisions	8,398	9,453
Accrued liabilities:
Accrued incentives	15,924	19,359
Other accrued liabilities	23,213	24,369
Total accrued liabilities	39,137	43,728
Trade receivables
Accounts receivable:
Accounts receivable	80,095	82,521
Other receivables
Accounts receivable:
Accounts receivable	$ 1,822	$ 1,456

Borrowings (Debt Schedule) (Det

Borrowings (Debt Schedule) (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total borrowings		$ 424,145	$ 400,068
Less - unamortized discount and finance fees		2,120	2,368
Total borrowings -- net		422,025	397,700
Less -- long term debt due within one year		4,400	4,400
Total long-term portion of borrowings -- net		417,625	393,300
Libbey Glass | Senior Loans
Debt Instrument [Line Items]
Total borrowings	[1]	$ 379,100	380,200
Floating interest rate		5.49%
Libbey Glass and Europe | Asset-backed Loan Facility | Line of Credit
Debt Instrument [Line Items]
Total borrowings	[2],[3]	$ 45,045	$ 19,868
Weighted average interest rate		3.11%
[1]	We have entered into interest rate swaps that effectively fix a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swaps in note 8 for additional details. The Term Loan B floating interest rate was 5.49 percent at March 31, 2019.
[2]	Maturity date will be January 9, 2021, if Term Loan B is not refinanced by this date.
[3]	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 3.11 percent at March 31, 2019.

Borrowings (ABL Credit Agreemen

Borrowings (ABL Credit Agreement Narrative) (Details) - Libbey Glass and Europe - Asset-backed Loan Facility - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 100
Line of credit facility, remaining borrowing capacity	46.4	$ 71.6
Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	15
Line of credit facility, amount outstanding	$ 8.6

Income Taxes (Details)

Income Taxes (Details) $ in Millions, $ in Billions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Aug. 31, 2016USD ($)	Aug. 31, 2016MXN ($)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Effective income tax rate, continuing operations	22.20%	41.30%
Timing and mix of pretax income with rates differing from US	(46.40%)
Impact of foreign exchange	3.40%
Impact of nondeductible interest	22.50%
Other reconciling items	21.70%
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-_3

Pension and Non-pension Post-retirement Benefits (Net Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,042	$ 1,271
Interest cost	4,151	3,928
Expected return on plan assets	(5,193)	(5,660)
Amortization of unrecognized:
Prior service cost (credit)	(50)	(51)
Actuarial loss / (gain)	1,190	1,796
Pension expense or non-pension post-retirement benefit expense	1,140	1,284
Defined Benefit Plan, Contributions [Abstract]
Employer contributions made to defined benefit plans	1,300
Estimated employer contributions to defined benefit plans in remainder of 2019	2,100
Defined Benefit Pension Plan | Domestic Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	783	979
Interest cost	3,382	3,165
Expected return on plan assets	(5,193)	(5,660)
Amortization of unrecognized:
Prior service cost (credit)	0	0
Actuarial loss / (gain)	1,087	1,637
Pension expense or non-pension post-retirement benefit expense	59	121
Defined Benefit Pension Plan | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	259	292
Interest cost	769	763
Expected return on plan assets	0	0
Amortization of unrecognized:
Prior service cost (credit)	(50)	(51)
Actuarial loss / (gain)	103	159
Pension expense or non-pension post-retirement benefit expense	1,081	1,163
Non-Pension Post-retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	110	151
Interest cost	478	466
Amortization of unrecognized:
Prior service cost (credit)	(70)	(71)
Actuarial loss / (gain)	(100)	(68)
Pension expense or non-pension post-retirement benefit expense	418	478
Defined Benefit Plan, Contributions [Abstract]
Employer contributions made to defined benefit plans	1,800
Estimated employer contributions to defined benefit plans in year 2019	4,000
Non-Pension Post-retirement Benefit Plans | Domestic Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	110	151
Interest cost	469	456
Amortization of unrecognized:
Prior service cost (credit)	(70)	(71)
Actuarial loss / (gain)	(82)	(52)
Pension expense or non-pension post-retirement benefit expense	427	484
Non-Pension Post-retirement Benefit Plans | Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0
Interest cost	9	10
Amortization of unrecognized:
Prior service cost (credit)	0	0
Actuarial loss / (gain)	(18)	(16)
Pension expense or non-pension post-retirement benefit expense	$ (9)	$ (6)

Net Income (Loss) per Share o_3

Net Income (Loss) per Share of Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator for earnings per share:
Net loss that is available to common shareholders	$ (4,542)	$ (2,961)
Denominator for basic earnings per share:
Weighted average shares outstanding	22,262,565	22,086,640
Denominator for diluted earnings per share:
Effect of stock options and restricted stock units	0	0
Adjusted weighted average shares and assumed conversions	22,262,565	22,086,640
Basic loss per share	$ (0.20)	$ (0.13)
Diluted loss per share	$ (0.20)	$ (0.13)
Anti-dilutive shares excluded from computation of diluted loss per share	1,483,470	1,167,398

Derivatives (Fair Value of Deri

Derivatives (Fair Value of Derivative Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	$ 863	$ 1,690
Fair value, derivative liability	8,883	5,713
Interest Rate Swaps | Designated as Hedging Instrument | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	672	1,425
Interest Rate Swaps | Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	8,793	5,713
Natural Gas Contracts | Designated as Hedging Instrument | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	142	226
Natural Gas Contracts | Designated as Hedging Instrument | Other assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	49	39
Natural Gas Contracts | Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	6	0
Natural Gas Contracts | Designated as Hedging Instrument | Accrued liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	$ 84	$ 0

Derivatives (Cash Settlements)

Derivatives (Cash Settlements) (Details) - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative [Line Items]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	$ 472	$ (376)
Natural Gas Contracts
Derivative [Line Items]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	128	(198)
Interest Rate Swaps
Derivative [Line Items]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	$ 344	$ (178)

Derivatives (Summary of gains (

Derivatives (Summary of gains (losses) recognized in Statement of Operations and AOCI) (Details) - Cash Flow Hedging - Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative [Line Items]
Derivative gain (loss) reclassified from accumulated OCI to current earnings:	$ 483	$ (341)
Other Comprehensive Income (Loss)
Derivative [Line Items]
Derivative gain (loss) recognized into OCI:	(3,515)	1,464
Other Comprehensive Income (Loss) | Natural Gas Contracts
Derivative [Line Items]
Derivative gain (loss) recognized into OCI:	(37)	211
Other Comprehensive Income (Loss) | Interest Rate Swaps
Derivative [Line Items]
Derivative gain (loss) recognized into OCI:	(3,478)	1,253
Cost of Sales | Natural Gas Contracts
Derivative [Line Items]
Derivative gain (loss) reclassified from accumulated OCI to current earnings:	128	(198)
Interest Expense | Interest Rate Swaps
Derivative [Line Items]
Derivative gain (loss) reclassified from accumulated OCI to current earnings:	$ 355	$ (143)

Derivatives (Natural Gas Contra

Derivatives (Natural Gas Contracts) (Details) - Natural Gas Contracts $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)MMBTU	Dec. 31, 2018MMBTU
Derivative [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into income | $	$ 0.1
Cash Flow Hedging
Derivative [Line Items]
Forecast of commodity requirements, maximum length of time used	18 months
Derivative, nonmonetary notional amount | MMBTU	3,130,000	3,150,000
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 Swaps) (Details) - Interest Rate Swaps - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Sep. 24, 2018		Apr. 01, 2015
Derivative [Line Items]
Derivative, fixed interest rate		6.19%	[1]	4.85%
Senior Loans
Derivative [Line Items]
Derivative, floor interest rate at a future date		3.19%
Senior Loans | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional amount		$ 200		$ 220
Interest Expense | Cash Flow Hedging
Derivative [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into income	$ 0.7
[1]	Upon refinancing our Term Loan B, the fixed interest rate will be 3.19 percent plus the new refinanced credit spread.

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Schedule of AOCI) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		$ (114,405)
Cumulative-effect adjustment for the adoption of ASU 2017-12				$ 0
Ending balance		(116,708)
Foreign Currency Translation
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(23,240)	$ (16,183)
Cumulative-effect adjustment for the adoption of ASU 2017-12				0
Amounts recognized into AOCI		244	4,333
Currency impact		0	0
Amounts reclassified from AOCI, Currency		0	0
Tax effect		(270)	0
Other comprehensive income (loss), net of tax		(26)	4,333
Ending balance		(23,266)	(11,850)
Derivative Instruments
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(2,866)	351
Cumulative-effect adjustment for the adoption of ASU 2017-12				(275)
Amounts recognized into AOCI		(3,515)	1,464
Currency impact		0	0
Amounts reclassified from AOCI, Derivatives	[1]	(483)	341
Tax effect		944	(335)
Other comprehensive income (loss), net of tax		(3,054)	1,470
Ending balance		(5,920)	1,546
Pension and Other Post-retirement Benefits
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(88,299)	(89,340)
Cumulative-effect adjustment for the adoption of ASU 2017-12				0
Amounts recognized into AOCI		0	0
Currency impact		34	(484)
Amounts reclassified from AOCI, Pension/PRW	[2]	970	1,606
Tax effect		(227)	(367)
Other comprehensive income (loss), net of tax		777	755
Ending balance		(87,522)	(88,585)
Accumulated Other Comprehensive Loss
Change in Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		(114,405)	(105,172)
Cumulative-effect adjustment for the adoption of ASU 2017-12				$ (275)
Amounts recognized into AOCI		(3,271)	5,797
Currency impact		34	(484)
Amounts reclassified from AOCI		487	1,947
Tax effect		447	(702)
Other comprehensive income (loss), net of tax		(2,303)	6,558
Ending balance		$ (116,708)	$ (98,889)
[1]	We reclassified natural gas contracts through cost of sales and the interest rate swaps 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
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	3
Net Sales:
Revenues	$ 175,649	$ 182,670
Segment EBIT:
Segment EBIT	9,244	6,750
Reconciliation of Segment EBIT to Net Loss:
Retained corporate costs	(9,450)	(6,710)
Interest expense	(5,632)	(5,084)
Benefit from income taxes	1,296	2,083
Net loss	(4,542)	(2,961)
Depreciation & Amortization:
Depreciation and amortization	9,931	11,879
Capital Expenditures:
Capital Expenditures	10,361	11,271
United States & Canada
Segment EBIT:
Segment EBIT	9,797	4,724
Depreciation & Amortization:
Depreciation and amortization	3,133	3,387
Capital Expenditures:
Capital Expenditures	3,384	7,137
Latin America
Segment EBIT:
Segment EBIT	649	2,150
Depreciation & Amortization:
Depreciation and amortization	3,780	4,710
Capital Expenditures:
Capital Expenditures	4,191	2,389
EMEA
Segment EBIT:
Segment EBIT	(50)	1,005
Depreciation & Amortization:
Depreciation and amortization	1,699	2,009
Capital Expenditures:
Capital Expenditures	2,346	1,294
Other Segments
Segment EBIT:
Segment EBIT	(1,152)	(1,129)
Depreciation & Amortization:
Depreciation and amortization	882	1,314
Capital Expenditures:
Capital Expenditures	259	120
Corporate
Depreciation & Amortization:
Depreciation and amortization	437	459
Capital Expenditures:
Capital Expenditures	181	331
Product
Net Sales:
Revenues	174,966	181,913
Product | United States & Canada
Net Sales:
Revenues	109,906	107,941
Product | Latin America
Net Sales:
Revenues	30,401	34,333
Product | EMEA
Net Sales:
Revenues	28,042	32,248
Product | Other Segments
Net Sales:
Revenues	$ 6,617	$ 7,391

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 175,649	$ 182,670
Product
Disaggregation of Revenue [Line Items]
Revenues	174,966	181,913
Product | Foodservice
Disaggregation of Revenue [Line Items]
Revenues	70,817	76,173
Product | Retail
Disaggregation of Revenue [Line Items]
Revenues	55,573	55,761
Product | Business-to-business
Disaggregation of Revenue [Line Items]
Revenues	48,576	49,979
Product | United States & Canada
Disaggregation of Revenue [Line Items]
Revenues	109,906	107,941
Product | Latin America
Disaggregation of Revenue [Line Items]
Revenues	30,401	34,333
Product | EMEA
Disaggregation of Revenue [Line Items]
Revenues	$ 28,042	$ 32,248
Minimum | United States & Canada | Sales Revenue, Segment | Foodservice and Retail
Disaggregation of Revenue [Line Items]
Percentage of revenue	75.00%	75.00%
Minimum | Latin America | Sales Revenue, Segment | Retail and Business-to-business
Disaggregation of Revenue [Line Items]
Percentage of revenue	75.00%	75.00%
Minimum | EMEA | Sales Revenue, Segment | Retail and Business-to-business
Disaggregation of Revenue [Line Items]
Percentage of revenue	75.00%	75.00%

Fair Value (Details)

Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Level 1
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	$ 0	$ 0
Level 2
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	(8,020)	(4,023)
Level 3
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	0	0
Commodity futures natural gas contracts | Level 1
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	0	0
Commodity futures natural gas contracts | Level 2
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	101	265
Commodity futures natural gas contracts | Level 3
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	0	0
Interest Rate Swaps | Level 1
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	0	0
Interest Rate Swaps | Level 2
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	(8,121)	(4,288)
Interest Rate Swaps | Level 3
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	0	0
Total
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	(8,020)	(4,023)
Total | Commodity futures natural gas contracts
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	101	265
Total | Interest Rate Swaps
Fair Value of Financial Instruments
Fair Value, Net Asset (Liability)	$ (8,121)	$ (4,288)

Fair Value Additional (Details)

Fair Value Additional (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Value of Financial Instruments
Term Loan B, Carrying Value		$ 424,145	$ 400,068
Senior Loans | Libbey Glass
Value of Financial Instruments
Term Loan B, Carrying Value	[1]	379,100	380,200
Level 2 | Senior Loans | Libbey Glass
Value of Financial Instruments
Term Loan B, Fair Value		$ 354,459	$ 362,141
[1]	We have entered into interest rate swaps that effectively fix a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swaps in note 8 for additional details. The Term Loan B floating interest rate was 5.49 percent at March 31, 2019.

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Millions	Mar. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	6 years 9 months 18 days
Weighted average discount rate	4.05%
Lease not yet commenced	$ 1.3
Term of leases not yet commenced	10 years
Real Estate | Minimum
Lessee, Lease, Description [Line Items]
Lease renewal term	1 year
Real Estate | Maximum
Lessee, Lease, Description [Line Items]
Lease renewal term	20 years
Equipment | Minimum
Lessee, Lease, Description [Line Items]
Lease term	2 years
Equipment | Maximum
Lessee, Lease, Description [Line Items]
Lease term	8 years
One Class of Equipment
Lessee, Lease, Description [Line Items]
Lease term	15 years

Leases (Lease Costs and Supplem

Leases (Lease Costs and Supplemental Cash Flow Information Related to Leases) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease costs	$ 3,961
Short-term lease costs (1)	880	[1]
Total lease costs	4,841
Cash paid for operating leases included in the measurement of lease liabilities	3,945
ROU assets obtained in exchange for lease liabilities	$ 69,562
[1]	Includes variable lease costs which are immaterial.

Leases (Reconciliation of Undis

Leases (Reconciliation of Undiscounted Cash Flows to the Operating Lease Liability) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
2019 (remainder of year)	$ 11,162
2020	13,753
2021	10,304
2022	9,120
2023	8,507
2024 and thereafter	22,866
Total minimum lease payments	75,712
Less: interest	(9,541)
Present value of future minimum lease payments	66,171
Less: lease liabilities (current portion)	(12,499)	$ 0
Noncurrent lease liabilities	$ 53,672	$ 0

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Future minimum rentals under operating leases:
Future minimum operating lease payments due, 2019	$ 15,407
Future minimum operating lease payments due, 2020	13,787
Future minimum operating lease payments due, 2021	10,339
Future minimum operating lease payments due, 2022	9,143
Future minimum operating lease payments due, 2023	8,551
Future minimum operating lease payments due, 2024 and thereafter	$ 20,755

Other Income (Expense) (Details

Other Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	$ (1,584)	$ (2,107)
Gain (loss) on currency transactions
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	(1,163)	(1,650)
Pension and non-pension benefits, excluding service cost
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	(406)	(340)
Other Non-Operating Income (Expense)
Component of Other Income (Expense), Nonoperating [Line Items]
Other income (expense)	$ (15)	$ (117)