Libbey (LBY) 10-Q 19 Jun 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Jun. 12, 2020
Document Information [Line Items]
Entity Registrant Name	LIBBEY INC
Entity Central Index Key	0000902274
Trading Symbol	lby
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		22,667,869
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock, $.01 par value

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues	$ 151,164	$ 175,649
Cost of sales	128,241	141,691
Gross profit	22,923	33,958
Selling, general and administrative expenses	26,514	32,580
Asset impairments	38,535
Income (loss) from operations	(42,126)	1,378
Other income (expense)	(10,652)	(1,584)
Loss before interest and income taxes	(52,778)	(206)
Interest expense	5,591	5,632
Loss before income taxes	(58,369)	(5,838)
Provision (benefit) for income taxes	20,379	(1,296)
Net loss	$ (78,748)	$ (4,542)
Net loss per share:
Basic (in dollars per share)	$ (3.45)	$ (0.20)
Diluted (in dollars per share)	(3.45)	(0.20)
Dividends declared per share (in dollars per share)
Product [Member]
Revenues	$ 150,521	$ 174,966
Shipping and Handling [Member]
Revenues	$ 643	$ 683

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net loss	$ (78,748)	$ (4,542)
Other comprehensive income (loss):
Pension and other post-retirement benefit adjustments, net of tax	4,850	777
Derivative instruments adjustments, net of tax	10,997	(3,054)
Foreign currency translation adjustments, net of tax	(1,637)	(26)
Other comprehensive income (loss), net of tax	14,210	(2,303)
Comprehensive income (loss)	$ (64,538)	$ (6,845)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 66,062	$ 48,918
Accounts receivable — net	61,919	81,307
Inventories — net	189,490	174,797
Prepaid and other current assets	18,008	17,683
Total current assets	335,479	322,705
Pension Asset	6,312	5,712
Purchased intangible assets — net	11,702	11,875
Goodwill	0	38,431
Deferred income taxes		24,747
Other assets	14,487	14,608
Operating lease right-of-use assets	69,761	54,686
Property, plant and equipment — net	229,645	233,923
Total assets	667,386	706,687
LIABILITIES AND SHAREHOLDERS' DEFICIT
Accounts payable	74,723	79,262
Salaries and wages	18,444	30,188
Accrued liabilities	38,545	50,657
Accrued income taxes	338	382
Pension liability (current portion)	2,072	2,543
Non-pension post-retirement benefits (current portion)	3,808	3,817
Operating lease liabilities (current portion)	11,585	12,769
Long-term debt due within one year	18,124	16,124
Total current liabilities	167,639	195,742
Long-term debt	425,544	375,716
Pension liability	38,308	46,619
Non-pension post-retirement benefits	45,270	45,507
Noncurrent operating lease liabilities	64,520	48,323
Deferred income taxes	2,104	2,104
Other long-term liabilities	13,930	18,463
Total liabilities	757,315	732,474
Contingencies (Note 16)
Shareholders’ deficit:
Common stock, par value $.01 per share, 50,000,000 shares authorized, 22,604,579 shares issued in 2020 (22,360,125 shares issued in 2019)	226	224
Capital in excess of par value	338,789	338,395
Retained deficit	(319,208)	(240,460)
Accumulated other comprehensive loss	(109,736)	(123,946)
Total shareholders' deficit	(89,929)	(25,787)
Total liabilities and shareholders' deficit	$ 667,386	$ 706,687

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	22,604,579	22,360,125

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Deficit) (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2018	22,157,220
Balance at Dec. 31, 2018	$ 222	$ 335,517	$ (171,441)	$ (114,405)	$ 49,893
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 (in shares)	116,348
Stock issued	$ 1	(8)			(7)
Balance (in shares) at Mar. 31, 2019	22,273,568
Balance at Mar. 31, 2019	$ 223	336,129	(175,983)	(116,708)	43,661
Balance (in shares) at Dec. 31, 2019	22,360,125
Balance at Dec. 31, 2019	$ 224	338,395	(240,460)	(123,946)	(25,787)
Net loss			(78,748)		(78,748)
Other comprehensive income (loss)				14,210	14,210
Stock compensation expense		569			569
Stock withheld for employee taxes		(173)			(173)
Stock issued (in shares)	244,454
Stock issued	$ 2	(2)
Balance (in shares) at Mar. 31, 2020	22,604,579
Balance at Mar. 31, 2020	$ 226	$ 338,789	$ (319,208)	$ (109,736)	$ (89,929)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net loss	$ (78,748)	$ (4,542)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	8,845	9,931
Asset impairments	38,535
Loss on derivatives de-designated as hedging instruments	12,923
Change in accounts receivable	15,815	1,784
Change in inventories	(16,740)	(18,075)
Change in accounts payable	359	2,644
Accrued interest and amortization of discounts and finance fees	432	285
Pension & non-pension post-retirement benefits, net	367	(977)
Accrued liabilities & prepaid expenses	(24,308)	(12,054)
Income taxes	19,382	(3,516)
Cloud computing costs, net	(147)	(246)
Share-based compensation expense	534	942
Other operating activities	(3,145)	(81)
Net cash used in operating activities	(25,896)	(23,905)
Investing activities:
Cash paid for property, plant and equipment	(6,408)	(10,361)
Net cash used in investing activities	(6,408)	(10,361)
Financing activities:
Borrowings on Prepetition ABL Credit Facility	53,000	42,300
Repayments on Prepetition ABL Credit Facility	(2,000)	(16,800)
Other borrowings	2,000
Repayments on Prepetition Term Loan B	(1,100)	(1,100)
Taxes paid on distribution of equity awards	(173)	(317)
Debt refinancing costs	(1,350)
Net cash provided by financing activities	50,377	24,083
Effect of exchange rate fluctuations on cash	(929)	82
Increase (decrease) in cash	17,144	(10,101)
Cash & cash equivalents at beginning of period	48,918	25,066
Cash & cash equivalents at end of period	66,062	14,965
Supplemental disclosure of cash flow information:
Cash paid during the period for interest, net of capitalized interest	5,073	5,147
Cash paid during the period for income taxes, net of refunds	$ 922	$ 1,151

Note 1 - Description of the Bus

Note 1 - Description of the Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Libbey is a leading global manufacturer and marketer of glass tableware products. We produce glass tableware in five 100 ® ® ® ® ® ® ® ® two Our website can be found at www.libbey.com 13 15 10 10 8 www.sec.gov 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 10 X. not three March 31, 2020 not may December 31, 2020 The balance sheet at December 31, 2019 not 8 10 December 31, 2019 Ability to Continue as a Going Concern The Company’s financial statements have been prepared under the assumption that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and satisfaction of liabilities and commitments in the normal course of business. On June 1, 2020 ( 11 2 not 11 11 19 11 not not

Note 2 - Subsequent Event - Cha

Note 2 - Subsequent Event - Chapter 11 Bankruptcy Filing	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Reorganization under Chapter 11 of US Bankruptcy Code Disclosure [Text Block]	2. 11 Chapter 11 On June 1, 2020, 11 11 11 In re Libbey Glass Inc., et al. No. 20 11439 11 The Debtors' filing of the Chapter 11 ● Amended and Restated Credit Agreement, dated as of February 8, 2010 ( ● Credit Agreement, dated as of April 9, 2014 ( Due to the Chapter 11 11 Operation and Implications of the Chapter 11 The Debtors are authorized to continue to operate their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. As debtors-in-possession under the Bankruptcy Code, the Debtors may not June 2, 2020, The Company’s financial statements contemplate the realization of assets and the satisfaction of liabilities in the normal course of business. Our ability to continue as a going concern is contingent upon our ability to comply with the financial and other covenants contained in the debtor-in-possession financing (the “DIP Financing”) described in note 5 11 11 The Company cannot predict the ultimate outcome of the Chapter 11 11 11, may may Financing during the Chapter 11 For details on financing during the Chapter 11 5 $160 Significant Bankruptcy Court Actions On June 2, 2020 first 11 5 first July 2, 2020 second 11 second NYSE American Listing Status The Company’s common stock (the “Common Stock”) was previously traded on the NYSE American LLC (the “NYSE American”) exchange under the symbol “LBY.” On June 1, 2020, 25 June 10, 2020, 10 June 2, 2020. no not not may no 11 11

Note 3 - Significant Accounting

Note 3 - Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. Cloud Computing Arrangements At March 31, 2020 December 31, 2019 0.3 7.1 $6.5 three March 31, 2020 2019 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) 2020 2019 Stock-based compensation expense $ 534 $ 942 New Accounting Standards Each change to U.S. GAAP is established by the Financial Accounting Standards Board (“FASB”) in the form of an Accounting Standards Update (“ASU”) to the FASB’s Accounting Standards Codification (“ASC”). We consider the applicability and impact of all ASUs. ASUs not not New Accounting Standards - Not In June 2016, 2016 13, Financial Instruments - Credit Losses 326 Measurement of Credit Losses on Financial Instruments 2016 13 December 15, 2019, tion permitted. In October 2019, December 15, 2022, not In December 2019, 2019 12, Income Taxes 740 Simplifying the Accounting for Income Taxes 740 2019 12 December 15, 2020,

Note 4 - Balance Sheet Details

Note 4 - Balance Sheet Details	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	4. The following table provides detail of selected balance sheet items: (dollars in thousands) March 31, 2020 December 31, 2019 Accounts receivable: Trade receivables $ 60,892 $ 79,829 Other receivables 1,027 1,478 Total accounts receivable, less allowances of $7,961 and $10,803 $ 61,919 $ 81,307 Inventories: Finished goods $ 172,097 $ 157,348 Work in process 1,465 1,183 Raw materials 4,081 4,008 Repair parts 9,996 10,254 Operating supplies 1,851 2,004 Total inventories, less loss provisions of $7,693 and $7,750 $ 189,490 $ 174,797 Accrued liabilities: Accrued incentives $ 12,052 $ 24,337 Other accrued liabilities 26,493 26,320 Total accrued liabilities $ 38,545 $ 50,657

Note 5 - Borrowings

Note 5 - Borrowings	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	5. Prepetition Debt Prepetition borrowings consist of the following: March 31, December 31, (dollars in thousands) Interest Rate Maturity Date (1) 2020 2019 Prepetition ABL Credit Facility floating (2) December 7, 2022 $ 68,052 $ 17,386 Prepetition Term Loan B floating (3) April 9, 2021 374,700 375,800 Mexico working capital line of credit LIBOR + 3.2% (4) December 14, 2020 2,000 — Total borrowings 444,752 393,186 Less — unamortized discount and finance fees 1,084 1,346 Total borrowings — net 443,668 391,840 Less — long term debt due within one year 18,124 16,124 Total long-term portion of borrowings — net $ 425,544 $ 375,716 ________________________ ( 1 The filing of our Bankruptcy Petitions constituted an event of default with respect to our Prepetition Term Loan B and Prepetition ABL Credit Facility. The Mexico working capital line of credit was fully repaid and terminated on June 2, 2020. ( 2 The interest rate for the Prepetition ABL Credit Facility is comprised of several different borrowings at various rates. The weighted average rate of all Prepetition ABL Credit Facility borrowings was 2.37 March 31, 2020 ( 3 We have entered into interest rate swaps that effectively fix a series of our future interest payments on a portion of the Prepetition Term Loan B debt. See interest rate swaps in note 9 4.01 March 31, 2020 ( 4 The interest rate at March 31, 2020 4.27 The Prepetition ABL Credit Facility also provides for the issuance of up to $15.0 $100.0 March 31, 2020 $15.0 $5.4 March 31, 2020 $68.2 December 31, 2019 Subsequent Event - Debtor-in-Possession Financing Debtor-in-Possession Credit Facilities The Company has obtained new debtor-in-possession financing consisting of a senior secured asset based revolving credit facility (the “DIP ABL Credit Facility”), and a senior secured super-priority multi-draw term loan facility (the “DIP Term Loan”), and together, collectively, the (“DIP Facilities”). The DIP Facilities are subject to final approval by the Bankruptcy Court and are subject to customary conditions precedent. The DIP ABL Credit Facility On June 3, 2020, The DIP ABL Credit Facility provides for a secured debtor-in-possession revolving credit facility in an aggregate principal amount of up to $100.0 As a result of the filing of the Chapter 11 not Loans under the DIP ABL Credit Facility bear interest, at the option of the ABL Borrowers, of either ( 1 1.00 3.50 2 2.50 1.00 4.50 2 3.50 one hundred eighty 180 not thirty-five 35 may zero Certain advances under the DIP ABL Credit Facility include the repayment (or deemed repayment) of certain Prepetition ABL Credit Facility obligations with a corresponding dollar-for-dollar increase in the DIP ABL Credit Facility and the assumption or deemed re-issuance of Letters of Credit, Banking Services Obligations and Swap Obligations (as each term is defined in the Prepetition ABL Credit Agreement). Letters of Credit and other reserves are applied against the $100.0 11 The DIP ABL Credit Facility has: ● a senior lien on Prepetition ABL Priority Collateral (as defined in the Interim Order), ● a priority lien on 100 ● a priority lien on certain foreign collateral, and ● a junior lien on Prepetition Term Loan Priority Collateral (as defined in the Interim Order). DIP Term Loan On June 3, 2020, The DIP Term Loan is a multi-draw senior secured debtor-in-possession facility comprised of $60.0 $60.0 $30.0 June 3, 2020, The DIP Term Loan bears interest at a percentage per annum equal to: (i) for Eurocurrency Rate Loans, the Eurocurrency Rate (as defined in the DIP Term Loan Credit Agreement), subject to a 1.00 11.00 2.00 10.00 1.00 1.00 2.00 2.00 0.00 2.00 The DIP Term Loan matures on the earliest of (i) thirty-five 35 not 11 11 363 one hundred eighty 180 The DIP Term Loan has: ● a senior lien on the Prepetition Term Loan B Priority Collateral (as defined in the Interim Order), ● a junior lien on 100 ● a junior lien on certain foreign collateral, and ● a junior lien on the Prepetition ABL Priority Collateral (as defined in the Interim Order). The DIP Facilities The DIP Facilities contain customary representations, warranties and covenants that are typical and customary for debtor-in-possession facilities of this type, including, but not 11 On June 3, 2020, These DIP Facilities, coupled with our normal operating cash flows, are providing liquidity to support operations and our continued service of customers and end users globally during the court-supervised process. The foregoing summaries of the DIP Facilities do not 8 June 9, 2020, 4.1 4.2,

Note 6 - Income Taxes

Note 6 - Income Taxes	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	6. 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 ( 34.9 three March 31, 2020 22.2 three March 31, 2019 three March 31, 2020 not not one The Company and its subsidiaries are subject to examination by various countries' tax authorities. These examinations may

Note 7 - Pension and Non-pensio

Note 7 - Pension and Non-pension Post-retirement Benefits	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Retirement Benefits [Text Block]	7. 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) 2020 2019 2020 2019 2020 2019 Service cost $ 858 $ 783 $ 372 $ 259 $ 1,230 $ 1,042 Interest cost 2,952 3,382 841 769 3,793 4,151 Expected return on plan assets (5,164 ) (5,193 ) — — (5,164 ) (5,193 ) Amortization of unrecognized: Prior service cost (credit) — — (49 ) (50 ) (49 ) (50 ) Actuarial loss 1,857 1,087 228 103 2,085 1,190 Pension expense $ 503 $ 59 $ 1,392 $ 1,081 $ 1,895 $ 1,140 We have contributed $ 1.0 three March 31, 2020. 2020 1.6 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) 2020 2019 2020 2019 2020 2019 Service cost $ 110 $ 110 $ — $ — $ 110 $ 110 Interest cost 396 469 7 9 403 478 Amortization of unrecognized: Prior service (credit) (71 ) (70 ) — — (71 ) (70 ) Actuarial (gain) (62 ) (82 ) (19 ) (18 ) (81 ) (100 ) Non-pension post-retirement benefit expense $ 373 $ 427 $ (12 ) $ (9 ) $ 361 $ 418 Our 2020 3.9 0.8 three March 31, 2020

Note 8 - Net Loss Per Share of

Note 8 - Net Loss Per Share of Common Stock	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	8. 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) 2020 2019 Numerator for earnings per share: Net loss that is available to common shareholders $ (78,748 ) $ (4,542 ) Denominator for basic earnings per share: Weighted average shares outstanding 22,820,119 22,262,565 Denominator for diluted earnings per share: Effect of stock options and restricted stock units — — Adjusted weighted average shares and assumed conversions 22,820,119 22,262,565 Basic loss per share $ (3.45 ) $ (0.20 ) Diluted loss per share $ (3.45 ) $ (0.20 ) Anti-dilutive shares excluded from computation of diluted loss per share 1,771,269 1,483,470 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.

Note 9 - Derivatives

Note 9 - Derivatives	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	9. 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. Prior to March 31, 2020, no March 31, 2020. 11 The counterparties for the derivative agreements are rated BBB+ or better as of March 31, 2020 Fair Values The following table provides the fair values of our derivative financial instruments for the periods presented: Fair Value of Derivative Assets (dollars in thousands) Balance Sheet Location March 31, 2020 December 31, 2019 Derivatives not designated as hedging instruments: Natural gas contracts Other assets $ 47 — Total undesignated derivative assets $ 47 $ — Fair Value of Derivative Liabilities Derivatives designated as hedging instruments: Interest rate swaps Accrued liabilities $ — $ 2,931 Interest rate swaps Other long-term liabilities — 11,632 Natural gas contracts Accrued liabilities — 836 Natural gas contracts Other long-term liabilities — 3 Total designated derivative liabilities $ — $ 15,402 Derivatives not designated as hedging instruments: Interest rate contract Accrued liabilities 4,446 — Interest rate contract Other long-term liabilities 8,056 — Natural gas contracts Accrued liabilities 468 — Total undesignated derivative liabilities 12,970 — Total derivative liabilities $ 12,970 $ 15,402 The following table presents cash settlements (paid) received related to the below derivatives: Three months ended March 31, (dollars in thousands) 2020 2019 Natural gas contracts $ (617 ) $ 128 Interest rate swaps (529 ) 344 Total $ (1,146 ) $ 472 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 2020 2019 Derivative gain (loss) recognized into OCI: Natural gas contracts OCI $ (199 ) $ (37 ) Interest rate swaps OCI 1,273 (3,478 ) Total $ 1,074 $ (3,515 ) Derivative gain (loss) reclassified from accumulated OCI to current earnings: Natural gas contracts Cost of Sales $ (617 ) $ 128 Interest rate swaps Interest expense (788 ) 355 Total $ (1,405 ) $ 483 Derivatives de-designated as hedging instruments: Derivative gain (loss) recognized in current earnings: Interest rate swaps Other income (expense) $ (12,502 ) $ — Natural gas contracts Other income (expense) (421 ) — Total $ (12,923 ) $ — 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 70 18 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, 2020 December 31, 2019 Natural gas contracts Millions of British Thermal Units (MMBTUs) 3,060,000 2,460,000 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 March 31, 2020, no $0.4 15 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 Prepetition Term Loan B. Prior to March 31, 2020, 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 Includes a LIBOR portion that is fixed at 3.19 Our interest rate swaps are valued using the market standard methodology of netting discounted expected future variable cash receipts, the discounted future fixed cash payments, and credit risk of both the counterparties and the Company. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves. At March 31, 2020, no 815, no no no March 31, 2020. $12.5 15

Note 10 - Accumulated Other Com

Note 10 - Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	10. Accumulated other comprehensive income (loss) (AOCI), net of tax, is as follows: Three months ended March 31, 2020 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Comprehensive Loss Balance on December 31, 2019 $ (25,147 ) $ (11,432 ) $ (87,367 ) $ (123,946 ) Amounts recognized into AOCI (1,637 ) 1,074 — (563 ) Currency impact — — 2,253 2,253 Amounts reclassified from AOCI — 1,405 (1) 1,884 (2) 3,289 Amounts reclassified from AOCI for derivatives de-designated — 12,923 (3) — 12,923 Tax effect — (4,405 ) 713 (3,692 ) Other comprehensive income (loss), net of tax (1,637 ) 10,997 4,850 14,210 Balance on March 31, 2020 $ (26,784 ) $ (435 ) $ (82,517 ) $ (109,736 ) Three months ended March 31, 2019 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Comprehensive Loss 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 ) _________________________ ( 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 9 ( 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 7 ( 3 Libbey de-designated the interest rate swaps and natural gas swaps as of March 31, 2020, no 9

Note 11 - Segments

Note 11 - Segments	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	11. Our segments are 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 not U.S. & Canada—includes sales of manufactured glassware products 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 not Certain activities not not The accounting policies of the reportable segments are the same as those for the Company. We do not 10 Three months ended March 31, (dollars in thousands) 2020 2019 Net Sales: U.S. & Canada $ 95,876 $ 109,906 Latin America 26,643 30,401 EMEA 25,280 28,042 Other 2,722 6,617 Consolidated $ 150,521 $ 174,966 Segment EBIT: U.S. & Canada $ 6,898 $ 9,797 Latin America 4,521 649 EMEA (1,610 ) (50 ) Other (1,372 ) (1,152 ) Total Segment EBIT $ 8,437 $ 9,244 Reconciliation of Segment EBIT to Net Loss: Segment EBIT $ 8,437 $ 9,244 Retained corporate costs (7,198 ) (9,450 ) Asset impairments (note 17) (38,535 ) — Fees associated with strategic initiative (406 ) — Debt refinancing & prepetition reorganization charges (note 15) (3,356 ) — Workforce reduction (517 ) — Loss on derivatives de-designated as hedging instruments (12,923 ) — Employee benefit liability adjustment (1) 1,720 — Interest expense (5,591 ) (5,632 ) (Provision) benefit for income taxes (20,379 ) 1,296 Net loss $ (78,748 ) $ (4,542 ) Depreciation & Amortization: U.S. & Canada $ 2,963 $ 3,133 Latin America 3,368 3,780 EMEA 1,314 1,699 Other 823 882 Corporate 377 437 Consolidated $ 8,845 $ 9,931 Capital Expenditures: U.S. & Canada $ 4,287 $ 3,384 Latin America 904 4,191 EMEA 1,190 2,346 Other 24 259 Corporate 3 181 Consolidated $ 6,408 $ 10,361 ______________________ ( 1 not

Note 12 - Revenue

Note 12 - Revenue	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	12. 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. Adjustments related to revenue recognized in prior periods was not three March 31, 2020 2019 no March 31, 2020 December 31, 2019 Disaggregation of Revenue: The following table presents our net sales disaggregated by business channel: Three months ended March 31, (dollars in thousands) 2020 2019 Foodservice $ 55,326 $ 70,817 Retail 50,651 55,573 Business-to-business 44,544 48,576 Consolidated $ 150,521 $ 174,966 Each operating segment has revenues across all our business channels. Each channel has a different marketing strategy, customer base and product composition. For all periods presented, over 75

Note 13 - Fair Value

Note 13 - Fair Value	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	13. 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 • Level 1 • Level 2 • Level 3 The fair value of our derivative financial instruments by level is as follows: Fair Value at Fair Value at Asset / (Liability) March 31, 2020 December 31, 2019 (dollars in thousands) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Commodity futures natural gas contracts $ — $ — $ (421 ) $ (421 ) $ — $ (839 ) $ — $ (839 ) Interest rate swaps — — (12,502 ) (12,502 ) — (14,563 ) — (14,563 ) Net derivative asset (liability) $ — $ — $ (12,923 ) $ (12,923 ) $ — $ (15,402 ) $ — $ (15,402 ) The fair values of our commodity futures natural gas contracts are determined using observable market inputs and credit risk of both the counterparties and the Company. The fair value of our interest rate swaps is based on the market standard methodology of netting discounted expected future variable cash receipts, the discounted future fixed cash payments, and credit risk of both the counterparties and the Company. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 3 March 31, 2020, $9.7 3 March 31, 2020. On January 1, 2020, no 3 three March 31, 2020, 2 3 no 3 March 31, 2020, 3 $12.9 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 Financial instruments carried at cost on the Condensed Consolidated Balance Sheets, as well as the related fair values, are as follows: Fair Value March 31, 2020 December 31, 2019 (dollars in thousands) Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Prepetition Term Loan B Level 2 $ 374,700 $ 168,615 $ 375,800 $ 304,398 The fair value of our Prepetition Term Loan B has been calculated based on quoted market prices for the same or similar issues, and the fair value of our Prepetition ABL Credit Facility and Mexico working capital line of credit approximate 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.

Note 14 - Leases

Note 14 - Leases	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	14. Globally, we lease certain warehouses, office space, showrooms, manufacturing and office equipment, automobiles and outlet stores. Many of the real estate leases contain one one 20 not first 2020, ten The following table reconciles the undiscounted cash flows to the operating lease liabilities recorded on the balance sheet: (dollars in thousands) March 31, 2020 December 31, 2019 2020 (remainder of year as of March 31, 2020) $ 11,027 $ 14,970 2021 13,401 11,255 2022 12,380 9,987 2023 11,731 9,283 2024 10,332 8,005 2025 and thereafter 29,797 15,768 Total minimum lease payments 88,668 69,268 Less: interest (12,563 ) (8,176 ) Present value of future minimum lease payments 76,105 61,092 Less: lease liabilities (current portion) (11,585 ) (12,769 ) Noncurrent lease liabilities $ 64,520 $ 48,323

Note 15 - Other Income (Expense

Note 15 - Other Income (Expense)	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	15. Items included in other income (expense) in the Condensed Consolidated Statements of Operations are as follows: Three months ended March 31, (dollars in thousands) 2020 2019 Gain (loss) on currency transactions $ 4,779 $ (1,163 ) Pension and non-pension benefits, excluding service cost (916 ) (406 ) Loss on derivatives de-designated as hedging instruments (note 9) (12,923 ) — Debt refinancing fees (2,088 ) — Prepetition reorganization charges (1,268 ) — Employee benefit liability adjustment 1,720 — Other non-operating income (expense) 44 (15 ) Other income (expense) $ (10,652 ) $ (1,584 )

Note 16 - Contingencies

Note 16 - Contingencies	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Contingencies Disclosure [Text Block]	16. 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 Although we cannot predict the ultimate outcome of these proceedings, we believe that these environmental proceedings will not no December 31, 2019 8. 17, 2019 10 On June 1, 2020, 11 362 2 Income Taxes The Company and its subsidiaries are subject to examination by various countries' tax authorities. These examinations may

Note 17 - Purchased Intangible

Note 17 - Purchased Intangible Assets and Goodwill	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	17. Purchased Intangibles Changes in purchased intangibles balances are as follows: (dollars in thousands) Three months ended March 31, 2020 Beginning balance December 31, 2019 $ 11,875 Amortization (38 ) Impairment (see below) (104 ) Foreign currency impact (31 ) Ending balance March 31, 2020 $ 11,702 Purchased intangible assets are composed of the following: (dollars in thousands) March 31, 2020 December 31, 2019 Indefinite life intangible assets $ 10,983 $ 11,104 Definite life intangible assets, net of accumulated amortization of $20,486 and $20,507 719 771 Total $ 11,702 $ 11,875 Indefinite life intangible assets are composed of trade names and trademarks that have an indefinite life and are therefore individually tested for impairment on an annual basis, or more frequently in certain circumstances where impairment indicators arise, in accordance with FASB ASC 350. March 31, 2020, ® ® 19 $0.1 first 2020 3 13 ® March 31, 2020, $0.8 not The remaining definite life intangible asset at March 31, 2020 20 4.8 10 December 31, 2019 Goodwill Changes in goodwill balances are as follows: (dollars in thousands) U.S. & Canada Latin America Total Beginning balance December 31, 2019: Goodwill $ 43,872 $ 125,681 $ 169,553 Accumulated impairment losses (5,441 ) (125,681 ) (131,122 ) Net beginning balance 38,431 — 38,431 Impairment (see below) (38,431 ) — (38,431 ) Ending balance March 31, 2020: Goodwill 43,872 125,681 169,553 Accumulated impairment losses (43,872 ) (125,681 ) (169,553 ) Net ending balance $ — $ — $ — Goodwill impairment tests are completed for each reporting unit on an annual basis, or more frequently in certain circumstances where impairment indicators arise. The inputs used for this analysis are considered Level 2 3 13 As part of our on-going assessment of goodwill at March 31, 2020, March 31, 2020. $38.4 first 2020. no When performing our test for impairment, we measured each reporting unit's fair value using a combination of “income” and “market” approaches on a shipping point basis. The income approach calculates the fair value of the reporting unit based on a discounted cash flow analysis, incorporating the weighted average cost of capital of a hypothetical third 3 2 70 30 3 no As a result of the factors noted above, we also evaluated the fair value of the long-lived assets for each of our asset groups noting there were no March 31, 2020.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Cloud Computing Arrangements, Policy [Policy Text Block]	Cloud Computing Arrangements At March 31, 2020 December 31, 2019 0.3 7.1 $6.5 three March 31, 2020 2019
Share-based Payment Arrangement [Policy Text Block]	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) 2020 2019 Stock-based compensation expense $ 534 $ 942
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards Each change to U.S. GAAP is established by the Financial Accounting Standards Board (“FASB”) in the form of an Accounting Standards Update (“ASU”) to the FASB’s Accounting Standards Codification (“ASC”). We consider the applicability and impact of all ASUs. ASUs not not New Accounting Standards - Not In June 2016, 2016 13, Financial Instruments - Credit Losses 326 Measurement of Credit Losses on Financial Instruments 2016 13 December 15, 2019, tion permitted. In October 2019, December 15, 2022, not In December 2019, 2019 12, Income Taxes 740 Simplifying the Accounting for Income Taxes 740 2019 12 December 15, 2020,
Income Tax, Policy [Policy Text Block]	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.
Segment Reporting, Policy [Policy Text Block]	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 not Certain activities not not
Fair Value of Financial Instruments, Policy [Policy Text Block]	The fair values of our commodity futures natural gas contracts are determined using observable market inputs and credit risk of both the counterparties and the Company. The fair value of our interest rate swaps is based on the market standard methodology of netting discounted expected future variable cash receipts, the discounted future fixed cash payments, and credit risk of both the counterparties and the Company. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 3
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Indefinite life intangible assets are composed of trade names and trademarks that have an indefinite life and are therefore individually tested for impairment on an annual basis, or more frequently in certain circumstances where impairment indicators arise, in accordance with FASB ASC 350. March 31, 2020, ®
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	When performing our test for impairment, we measured each reporting unit's fair value using a combination of “income” and “market” approaches on a shipping point basis. The income approach calculates the fair value of the reporting unit based on a discounted cash flow analysis, incorporating the weighted average cost of capital of a hypothetical third 3 2 70 30 3 no

Note 3 - Significant Accounti_2

Note 3 - Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three months ended March 31, (dollars in thousands) 2020 2019 Stock-based compensation expense $ 534 $ 942

Note 4 - Balance Sheet Details

Note 4 - Balance Sheet Details (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Condensed Balance Sheet [Table Text Block]	(dollars in thousands) March 31, 2020 December 31, 2019 Accounts receivable: Trade receivables $ 60,892 $ 79,829 Other receivables 1,027 1,478 Total accounts receivable, less allowances of $7,961 and $10,803 $ 61,919 $ 81,307 Inventories: Finished goods $ 172,097 $ 157,348 Work in process 1,465 1,183 Raw materials 4,081 4,008 Repair parts 9,996 10,254 Operating supplies 1,851 2,004 Total inventories, less loss provisions of $7,693 and $7,750 $ 189,490 $ 174,797 Accrued liabilities: Accrued incentives $ 12,052 $ 24,337 Other accrued liabilities 26,493 26,320 Total accrued liabilities $ 38,545 $ 50,657

Note 5 - Borrowings (Tables)

Note 5 - Borrowings (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Debt [Table Text Block]	March 31, December 31, (dollars in thousands) Interest Rate Maturity Date (1) 2020 2019 Prepetition ABL Credit Facility floating (2) December 7, 2022 $ 68,052 $ 17,386 Prepetition Term Loan B floating (3) April 9, 2021 374,700 375,800 Mexico working capital line of credit LIBOR + 3.2% (4) December 14, 2020 2,000 — Total borrowings 444,752 393,186 Less — unamortized discount and finance fees 1,084 1,346 Total borrowings — net 443,668 391,840 Less — long term debt due within one year 18,124 16,124 Total long-term portion of borrowings — net $ 425,544 $ 375,716

Note 7 - Pension and Non-pens_2

Note 7 - Pension and Non-pension Post-retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three months ended March 31, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2020 2019 2020 2019 2020 2019 Service cost $ 858 $ 783 $ 372 $ 259 $ 1,230 $ 1,042 Interest cost 2,952 3,382 841 769 3,793 4,151 Expected return on plan assets (5,164 ) (5,193 ) — — (5,164 ) (5,193 ) Amortization of unrecognized: Prior service cost (credit) — — (49 ) (50 ) (49 ) (50 ) Actuarial loss 1,857 1,087 228 103 2,085 1,190 Pension expense $ 503 $ 59 $ 1,392 $ 1,081 $ 1,895 $ 1,140 Three months ended March 31, U.S. Plans Non-U.S. Plans Total (dollars in thousands) 2020 2019 2020 2019 2020 2019 Service cost $ 110 $ 110 $ — $ — $ 110 $ 110 Interest cost 396 469 7 9 403 478 Amortization of unrecognized: Prior service (credit) (71 ) (70 ) — — (71 ) (70 ) Actuarial (gain) (62 ) (82 ) (19 ) (18 ) (81 ) (100 ) Non-pension post-retirement benefit expense $ 373 $ 427 $ (12 ) $ (9 ) $ 361 $ 418

Note 8 - Net Loss Per Share o_2

Note 8 - Net Loss Per Share of Common Stock (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended March 31, (dollars in thousands, except earnings per share) 2020 2019 Numerator for earnings per share: Net loss that is available to common shareholders $ (78,748 ) $ (4,542 ) Denominator for basic earnings per share: Weighted average shares outstanding 22,820,119 22,262,565 Denominator for diluted earnings per share: Effect of stock options and restricted stock units — — Adjusted weighted average shares and assumed conversions 22,820,119 22,262,565 Basic loss per share $ (3.45 ) $ (0.20 ) Diluted loss per share $ (3.45 ) $ (0.20 ) Anti-dilutive shares excluded from computation of diluted loss per share 1,771,269 1,483,470

Note 9 - Derivatives (Tables)

Note 9 - Derivatives (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Derivative Assets and Liabilities at Fair Value [Table Text Block]	Fair Value of Derivative Assets (dollars in thousands) Balance Sheet Location March 31, 2020 December 31, 2019 Derivatives not designated as hedging instruments: Natural gas contracts Other assets $ 47 — Total undesignated derivative assets $ 47 $ — Fair Value of Derivative Liabilities Derivatives designated as hedging instruments: Interest rate swaps Accrued liabilities $ — $ 2,931 Interest rate swaps Other long-term liabilities — 11,632 Natural gas contracts Accrued liabilities — 836 Natural gas contracts Other long-term liabilities — 3 Total designated derivative liabilities $ — $ 15,402 Derivatives not designated as hedging instruments: Interest rate contract Accrued liabilities 4,446 — Interest rate contract Other long-term liabilities 8,056 — Natural gas contracts Accrued liabilities 468 — Total undesignated derivative liabilities 12,970 — Total derivative liabilities $ 12,970 $ 15,402
Schedule of Derivative Instruments [Table Text Block]	Three months ended March 31, (dollars in thousands) 2020 2019 Natural gas contracts $ (617 ) $ 128 Interest rate swaps (529 ) 344 Total $ (1,146 ) $ 472
Derivative Instruments, Gain (Loss) [Table Text Block]	Three months ended March 31, (dollars in thousands) Location 2020 2019 Derivative gain (loss) recognized into OCI: Natural gas contracts OCI $ (199 ) $ (37 ) Interest rate swaps OCI 1,273 (3,478 ) Total $ 1,074 $ (3,515 ) Derivative gain (loss) reclassified from accumulated OCI to current earnings: Natural gas contracts Cost of Sales $ (617 ) $ 128 Interest rate swaps Interest expense (788 ) 355 Total $ (1,405 ) $ 483 Derivatives de-designated as hedging instruments: Derivative gain (loss) recognized in current earnings: Interest rate swaps Other income (expense) $ (12,502 ) $ — Natural gas contracts Other income (expense) (421 ) — Total $ (12,923 ) $ — Natural Gas Contracts
Interest Rate Swap [Member]
Notes Tables
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	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)
Natural Gas Contracts [Member]
Notes Tables
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	Notional Amounts Derivative Types Unit of Measure March 31, 2020 December 31, 2019 Natural gas contracts Millions of British Thermal Units (MMBTUs) 3,060,000 2,460,000

Note 10 - Accumulated Other C_2

Note 10 - Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three months ended March 31, 2020 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Comprehensive Loss Balance on December 31, 2019 $ (25,147 ) $ (11,432 ) $ (87,367 ) $ (123,946 ) Amounts recognized into AOCI (1,637 ) 1,074 — (563 ) Currency impact — — 2,253 2,253 Amounts reclassified from AOCI — 1,405 (1) 1,884 (2) 3,289 Amounts reclassified from AOCI for derivatives de-designated — 12,923 (3) — 12,923 Tax effect — (4,405 ) 713 (3,692 ) Other comprehensive income (loss), net of tax (1,637 ) 10,997 4,850 14,210 Balance on March 31, 2020 $ (26,784 ) $ (435 ) $ (82,517 ) $ (109,736 ) Three months ended March 31, 2019 (dollars in thousands) Foreign Currency Translation Derivative Instruments Pension and Other Post-retirement Benefits Accumulated Other Comprehensive Loss 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 )

Note 11 - Segments (Tables)

Note 11 - Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended March 31, (dollars in thousands) 2020 2019 Net Sales: U.S. & Canada $ 95,876 $ 109,906 Latin America 26,643 30,401 EMEA 25,280 28,042 Other 2,722 6,617 Consolidated $ 150,521 $ 174,966 Segment EBIT: U.S. & Canada $ 6,898 $ 9,797 Latin America 4,521 649 EMEA (1,610 ) (50 ) Other (1,372 ) (1,152 ) Total Segment EBIT $ 8,437 $ 9,244 Reconciliation of Segment EBIT to Net Loss: Segment EBIT $ 8,437 $ 9,244 Retained corporate costs (7,198 ) (9,450 ) Asset impairments (note 17) (38,535 ) — Fees associated with strategic initiative (406 ) — Debt refinancing & prepetition reorganization charges (note 15) (3,356 ) — Workforce reduction (517 ) — Loss on derivatives de-designated as hedging instruments (12,923 ) — Employee benefit liability adjustment (1) 1,720 — Interest expense (5,591 ) (5,632 ) (Provision) benefit for income taxes (20,379 ) 1,296 Net loss $ (78,748 ) $ (4,542 ) Depreciation & Amortization: U.S. & Canada $ 2,963 $ 3,133 Latin America 3,368 3,780 EMEA 1,314 1,699 Other 823 882 Corporate 377 437 Consolidated $ 8,845 $ 9,931 Capital Expenditures: U.S. & Canada $ 4,287 $ 3,384 Latin America 904 4,191 EMEA 1,190 2,346 Other 24 259 Corporate 3 181 Consolidated $ 6,408 $ 10,361

Note 12 - Revenue (Tables)

Note 12 - Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three months ended March 31, (dollars in thousands) 2020 2019 Foodservice $ 55,326 $ 70,817 Retail 50,651 55,573 Business-to-business 44,544 48,576 Consolidated $ 150,521 $ 174,966

Note 13 - Fair Value (Tables)

Note 13 - Fair Value (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value at Fair Value at Asset / (Liability) March 31, 2020 December 31, 2019 (dollars in thousands) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Commodity futures natural gas contracts $ — $ — $ (421 ) $ (421 ) $ — $ (839 ) $ — $ (839 ) Interest rate swaps — — (12,502 ) (12,502 ) — (14,563 ) — (14,563 ) Net derivative asset (liability) $ — $ — $ (12,923 ) $ (12,923 ) $ — $ (15,402 ) $ — $ (15,402 )
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	Fair Value March 31, 2020 December 31, 2019 (dollars in thousands) Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Prepetition Term Loan B Level 2 $ 374,700 $ 168,615 $ 375,800 $ 304,398

Note 14 - Leases (Tables)

Note 14 - Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	(dollars in thousands) March 31, 2020 December 31, 2019 2020 (remainder of year as of March 31, 2020) $ 11,027 $ 14,970 2021 13,401 11,255 2022 12,380 9,987 2023 11,731 9,283 2024 10,332 8,005 2025 and thereafter 29,797 15,768 Total minimum lease payments 88,668 69,268 Less: interest (12,563 ) (8,176 ) Present value of future minimum lease payments 76,105 61,092 Less: lease liabilities (current portion) (11,585 ) (12,769 ) Noncurrent lease liabilities $ 64,520 $ 48,323

Note 15 - Other Income (Expen_2

Note 15 - Other Income (Expense) (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	Three months ended March 31, (dollars in thousands) 2020 2019 Gain (loss) on currency transactions $ 4,779 $ (1,163 ) Pension and non-pension benefits, excluding service cost (916 ) (406 ) Loss on derivatives de-designated as hedging instruments (note 9) (12,923 ) — Debt refinancing fees (2,088 ) — Prepetition reorganization charges (1,268 ) — Employee benefit liability adjustment 1,720 — Other non-operating income (expense) 44 (15 ) Other income (expense) $ (10,652 ) $ (1,584 )

Note 17 - Purchased Intangibl_2

Note 17 - Purchased Intangible Assets and Goodwill (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Changes in Acquired Intangible Assets [Table Text Block]	(dollars in thousands) Three months ended March 31, 2020 Beginning balance December 31, 2019 $ 11,875 Amortization (38 ) Impairment (see below) (104 ) Foreign currency impact (31 ) Ending balance March 31, 2020 $ 11,702
Schedule of Acquired Intangible Assets [Table Text Block]	(dollars in thousands) March 31, 2020 December 31, 2019 Indefinite life intangible assets $ 10,983 $ 11,104 Definite life intangible assets, net of accumulated amortization of $20,486 and $20,507 719 771 Total $ 11,702 $ 11,875
Schedule of Goodwill [Table Text Block]	(dollars in thousands) U.S. & Canada Latin America Total Beginning balance December 31, 2019: Goodwill $ 43,872 $ 125,681 $ 169,553 Accumulated impairment losses (5,441 ) (125,681 ) (131,122 ) Net beginning balance 38,431 — 38,431 Impairment (see below) (38,431 ) — (38,431 ) Ending balance March 31, 2020: Goodwill 43,872 125,681 169,553 Accumulated impairment losses (43,872 ) (125,681 ) (169,553 ) Net ending balance $ — $ — $ —

Note 1 - Description of the B_2

Note 1 - Description of the Business and Basis of Presentation (Details Textual)	Mar. 31, 2020
Number of Countries in which Entity Operates	5
UNITED STATES
Number of Glass Tableware Manufacturing Facilities	2
Minimum [Member]
Number of Countries in which Entity Sales Products	100

Note 2 - Subsequent Event - C_2

Note 2 - Subsequent Event - Chapter 11 Bankruptcy Filing (Details Textual) $ in Millions	Jun. 03, 2020USD ($)
Debtor-in-Possession Credit Facilities [Member] | Subsequent Event [Member] | Senior Secured, Super-Priority Financing [Member]
Line of Credit Facility and Term Loan, Maximum Borrowing Capacity	$ 160

Note 3 - Significant Accounti_3

Note 3 - Significant Accounting Policies (Details Textual) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Prepaid Expenses and Other Current Assets [Member]
Capitalized Computer Software Implementation Costs	$ 0.3	$ 0.3
Other Assets [Member]
Capitalized Computer Software Implementation Costs	$ 7.1	$ 6.5

Note 3 - Significant Accounti_4

Note 3 - Significant Accounting Policies - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock-based compensation expense	$ 534	$ 942

Note 4 - Balance Sheet Detail_2

Note 4 - Balance Sheet Details - Selected Balance Sheet Items (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts receivable:
Trade receivables	$ 60,892	$ 79,829
Other receivables	1,027	1,478
Total accounts receivable, less allowances of $7,961 and $10,803	61,919	81,307
Inventories:
Finished goods	172,097	157,348
Work in process	1,465	1,183
Raw materials	4,081	4,008
Repair parts	9,996	10,254
Operating supplies	1,851	2,004
Total inventories, less loss provisions of $7,693 and $7,750	189,490	174,797
Accrued liabilities:
Accrued incentives	12,052	24,337
Other accrued liabilities	26,493	26,320
Total accrued liabilities	$ 38,545	$ 50,657

Note 4 - Balance Sheet Detail_3

Note 4 - Balance Sheet Details - Selected Balance Sheet Items (Details) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Allowance for accounts receivable	$ 7,961	$ 10,803
Inventory loss provisions	$ 7,693	$ 7,750

Note 5 - Borrowings (Details Te

Note 5 - Borrowings (Details Textual) - USD ($) $ in Millions	Jun. 03, 2020	Mar. 31, 2020	Dec. 31, 2019
Mexico Working Capital Line of Credit [Member]
Line of Credit Facility, Interest Rate at Period End		4.27%
Debtor-in-Possession Asset Backed Loan Credit Facility[Member] | Secured Debtor-in-Possession Revolving Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument, LIBOR Floor	1.00%
Debtor-in-Possession Asset Backed Loan Credit Facility[Member] | Secured Debtor-in-Possession Revolving Credit Facility [Member] | Subsequent Event [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	3.50%
Debtor-in-Possession Asset Backed Loan Credit Facility[Member] | Secured Debtor-in-Possession Revolving Credit Facility [Member] | Subsequent Event [Member] | CB Floating Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Terminated Swap Obligations [Member] | Subsequent Event [Member]
Debt Instrument, LIBOR Floor	1.00%
Terminated Swap Obligations [Member] | Subsequent Event [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	4.50%
Terminated Swap Obligations [Member] | Subsequent Event [Member] | CB Floating Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	3.50%
Debtor-in-Possession Term Loan [Member] | Subsequent Event [Member]
Percent of Equity of Foreign Subsidiaries with Priority Lien	100.00%
Debt Instrument, Face Amount	$ 60
Amount Available Upon Entry of Interim Order by Bankruptcy Court	$ 30
Debtor-in-Possession Term Loan [Member] | Subsequent Event [Member] | Eurodollar Loans [Member]
Debt Instrument, LIBOR Floor	1.00%
Debt Instrument, Basis Spread on Variable Rate	11.00%
Debtor-in-Possession Term Loan [Member] | Subsequent Event [Member] | Base Rate Loans [Member]
Debt Instrument, Basis Spread on Variable Rate	10.00%
Debt Instrument, Base Rate Floor	2.00%
Roll-up of Outstanding Prepetition Term Loan Obligations [Member] | Subsequent Event [Member]
Debt Instrument, Face Amount	$ 60
Roll-up of Outstanding Prepetition Term Loan Obligations [Member] | Subsequent Event [Member] | Eurodollar Loans [Member]
Debt Instrument, LIBOR Floor	1.00%
Debt Instrument, Percent Payable in Cash	1.00%
Debt Instrument, Paid-in-Kind Interest, Percent	2.00%
Roll-up of Outstanding Prepetition Term Loan Obligations [Member] | Subsequent Event [Member] | Base Rate Loans [Member]
Debt Instrument, Base Rate Floor	2.00%
Debt Instrument, Percent Payable in Cash	0.00%
Debt Instrument, Paid-in-Kind Interest, Percent	2.00%
Libbey Glass and Europe [Member] | Prepetition ABL Facility [Member]
Line of Credit Facility, Interest Rate at Period End		2.37%
Line of Credit Facility, Maximum Borrowing Capacity		$ 100
Line of Credit Facility, Remaining Borrowing Capacity		5.4	$ 68.2
Libbey Glass and Europe [Member] | Prepetition ABL Facility [Member] | Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		15
Long-term Line of Credit, Total		$ 15
Libbey Glass and Europe [Member] | Debtor-in-Possession Asset Backed Loan Credit Facility[Member] | Secured Debtor-in-Possession Revolving Credit Facility [Member] | Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100
Percent of Equity of Foreign Subsidiaries with Priority Lien	100.00%
Libbey Glass [Member] | Prepetition Term Loan B [Member]
Prepetition Term Loan B, Percentage Bearing Variable Interest, Percentage Rate		4.01%

Note 5 - Borrowings - Borrowing

Note 5 - Borrowings - Borrowings (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
Prepetition ABL Credit Facility		$ 444,752	$ 393,186
Less — unamortized discount and finance fees		1,084	1,346
Total borrowings — net		443,668	391,840
Less — long term debt due within one year		18,124	16,124
Total long-term portion of borrowings — net		$ 425,544	375,716
Prepetition ABL Facility [Member]
Prepetition ABL Credit Facility	[1]	floating
Prepetition ABL Credit Facility	[2]	Dec. 7, 2022
Prepetition ABL Credit Facility		$ 68,052	17,386
Term Loan B [Member]
Prepetition ABL Credit Facility	[3]	floating
Prepetition ABL Credit Facility		Apr. 9, 2021
Prepetition ABL Credit Facility		$ 374,700	375,800
Mexico Working Capital Line of Credit [Member]
Prepetition ABL Credit Facility	[4]	LIBOR + 3.2%
Prepetition ABL Credit Facility		Dec. 14, 2020
Prepetition ABL Credit Facility		$ 2,000
[1]	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 2.37 percent at March 31, 2020.
[2]	Maturity date will be January 9, 2021, if Term Loan B is not refinanced by this date.
[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 9 for additional details. The Term Loan B floating interest rate was 4.01 percent at March 31, 2020.
[4]	The interest rate at March 31, 2020 was 4.27 percent.

Note 6 - Income Taxes (Details

Note 6 - Income Taxes (Details Textual)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Effective Income Tax Rate Reconciliation, Percent, Total	(34.90%)	22.20%

Note 7 - Pension and Non-pens_3

Note 7 - Pension and Non-pension Post-retirement Benefits (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Defined Benefit Pension Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 1
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	1.6
Non-Pension Post-retirement Benefit Plans [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	0.8
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 3.9

Note 7 - Pension and Non-pens_4

Note 7 - Pension and Non-pension Post-retirement Benefits - Components of Pension Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Pension Plan [Member]
Service cost	$ 1,230	$ 1,042
Interest cost	3,793	4,151
Expected return on plan assets	(5,164)	(5,193)
Prior service cost (credit)	(49)	(50)
Actuarial (gain) loss	2,085	1,190
Pension expense	1,895	1,140
Defined Benefit Pension Plan [Member] | UNITED STATES
Service cost	858	783
Interest cost	2,952	3,382
Expected return on plan assets	(5,164)	(5,193)
Prior service cost (credit)
Actuarial (gain) loss	1,857	1,087
Pension expense	503	59
Defined Benefit Pension Plan [Member] | Foreign Plan [Member]
Service cost	372	259
Interest cost	841	769
Expected return on plan assets
Prior service cost (credit)	(49)	(50)
Actuarial (gain) loss	228	103
Pension expense	1,392	1,081
Non-Pension Post-retirement Benefit Plans [Member]
Service cost	110	110
Interest cost	403	478
Prior service cost (credit)	(71)	(70)
Actuarial (gain) loss	(81)	(100)
Pension expense	361	418
Non-Pension Post-retirement Benefit Plans [Member] | UNITED STATES
Service cost	110	110
Interest cost	396	469
Prior service cost (credit)	(71)	(70)
Actuarial (gain) loss	(62)	(82)
Pension expense	373	427
Non-Pension Post-retirement Benefit Plans [Member] | Foreign Plan [Member]
Service cost
Interest cost	7	9
Prior service cost (credit)
Actuarial (gain) loss	(19)	(18)
Pension expense	$ (12)	$ (9)

Note 8 - Net Loss Per Share o_3

Note 8 - Net Loss Per Share of Common Stock - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net loss that is available to common shareholders	$ (78,748)	$ (4,542)
Weighted average shares outstanding (in shares)	22,820,119	22,262,565
Effect of stock options and restricted stock units (in shares)
Adjusted weighted average shares and assumed conversions (in shares)	22,820,119	22,262,565
Basic loss per share (in dollars per share)	$ (3.45)	$ (0.20)
Diluted loss per share (in dollars per share)	$ (3.45)	$ (0.20)
Anti-dilutive shares excluded from computation of diluted loss per share (in shares)	1,771,269	1,483,470

Note 9 - Derivatives (Details T

Note 9 - Derivatives (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Derivative, Fixed Interest Rate Excluding Credit Spread	3.19%
Cash Flow Hedging [Member] | Natural Gas Contracts [Member]
Maximum Length of Time Hedged in Cash Flow Hedge (Month)	1 year 180 days
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.4
Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Interest Expense [Member]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 12.5
Minimum [Member] | Cash Flow Hedging [Member] | Natural Gas Contracts [Member]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Coverage	40.00%
Maximum [Member] | Cash Flow Hedging [Member] | Natural Gas Contracts [Member]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Coverage	70.00%

Note 9 - Derivatives - Fair Val

Note 9 - Derivatives - Fair Value of Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair value, derivative liabilities	$ 12,970	$ 15,402
Designated as Hedging Instrument [Member]
Fair value, derivative liabilities		15,402
Not Designated as Hedging Instrument [Member]
Fair value, derivative liabilities	12,970
Not Designated as Hedging Instrument [Member] | Other Assets [Member]
Fair value, derivative asset	47
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Accrued Liabilities [Member]
Fair value, derivative liabilities		2,931
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Fair value, derivative liabilities		11,632
Natural Gas Contracts [Member] | Designated as Hedging Instrument [Member] | Accrued Liabilities [Member]
Fair value, derivative liabilities		836
Natural Gas Contracts [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Fair value, derivative liabilities		3
Natural Gas Contracts [Member] | Not Designated as Hedging Instrument [Member] | Accrued Liabilities [Member]
Fair value, derivative liabilities	468
Natural Gas Contracts [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member]
Fair value, derivative asset	47
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | Accrued Liabilities [Member]
Fair value, derivative liabilities	4,446
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Fair value, derivative liabilities	$ 8,056

Note 9 - Derivatives - Cash Set

Note 9 - Derivatives - Cash Settlements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative, Additional Cash Settlements Received (Paid) on Hedge	$ (1,146)	$ 472
Cash Flow Hedging [Member] | Natural Gas Contracts [Member]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	(617)	128
Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	$ (529)	$ 344

Note 9 - Derivatives - Summary

Note 9 - Derivatives - Summary of Gains (Losses) Recognized in Statement of Operations and AOCI (Details) - Cash Flow Hedging [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Designated as Hedging Instrument [Member]
Derivative gain (loss) reclassified from accumulated OCI to current earnings	$ (1,405)	$ 483
Not Designated as Hedging Instrument [Member]
Derivative gain (loss) recognized in current earnings	(12,923)
Other Comprehensive Income (Loss) [Member] | Designated as Hedging Instrument [Member]
Derivative gain (loss) recognized into OCI	1,074	(3,515)
Other Comprehensive Income (Loss) [Member] | Designated as Hedging Instrument [Member] | Natural Gas Contracts [Member]
Derivative gain (loss) recognized into OCI	(199)	(37)
Other Comprehensive Income (Loss) [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative gain (loss) recognized into OCI	1,273	(3,478)
Cost of Sales [Member] | Designated as Hedging Instrument [Member] | Natural Gas Contracts [Member]
Derivative gain (loss) reclassified from accumulated OCI to current earnings	(617)	128
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative gain (loss) reclassified from accumulated OCI to current earnings	(788)	355
Other Operating Income (Expense) [Member] | Not Designated as Hedging Instrument [Member] | Natural Gas Contracts [Member]
Derivative gain (loss) recognized in current earnings	(421)
Other Operating Income (Expense) [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative gain (loss) recognized in current earnings	$ (12,502)

Note 9 - Derivatives - Natural

Note 9 - Derivatives - Natural Gas Contracts (Details) - MMBTU	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Cash Flow Hedging [Member] | Natural Gas Contracts [Member]
Derivative, nonmonetary notional amount (Millions of British Thermal Unit)	3,060,000	2,460,000

Note 9 - Derivatives - Interest

Note 9 - Derivatives - Interest Rate Swaps (Details) - Interest Rate Swap [Member] - USD ($) $ in Millions	Sep. 24, 2018		Apr. 01, 2015
Derivative, notional amount	$ 200		$ 220
Derivative, fixed interest rate	6.19%	[1]	4.85%
[1]	Includes a LIBOR portion that is fixed at 3.19 percent plus the credit spread.

Note 10 - Accumulated Other C_3

Note 10 - Accumulated Other Comprehensive Income (Loss) - Schedule of AOCI (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Balance		$ (25,787)	$ 49,893
Other comprehensive income (loss), net of tax		14,210	(2,303)
Balance		(89,929)	43,661
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance		(25,147)	(23,240)
Amounts recognized into AOCI		(1,637)	244
Currency impact
Amounts reclassified from AOCI
Amounts reclassified from AOCI for derivatives de-designated
Tax effect			(270)
Other comprehensive income (loss), net of tax		(1,637)	(26)
Balance		(26,784)	(23,266)
Derivative Instruments [Member]
Balance		(11,432)	(2,866)
Amounts recognized into AOCI		1,074	(3,515)
Currency impact
Amounts reclassified from AOCI	[1]	1,405	(483)
Amounts reclassified from AOCI for derivatives de-designated	[2]	12,923
Tax effect		(4,405)	944
Other comprehensive income (loss), net of tax		10,997	(3,054)
Balance		(435)	(5,920)
Pension and Other Post-retirement Benefits [Member]
Balance		(87,367)	(88,299)
Amounts recognized into AOCI
Currency impact		2,253	34
Amounts reclassified from AOCI	[3]	1,884	970
Amounts reclassified from AOCI for derivatives de-designated
Tax effect		713	(227)
Other comprehensive income (loss), net of tax		4,850	777
Balance		(82,517)	(87,522)
AOCI Attributable to Parent [Member]
Balance		(123,946)	(114,405)
Amounts recognized into AOCI		(563)	(3,271)
Currency impact		2,253	34
Amounts reclassified from AOCI		3,289	487
Amounts reclassified from AOCI for derivatives de-designated		12,923
Tax effect		(3,692)	447
Other comprehensive income (loss), net of tax		14,210	(2,303)
Balance		$ (109,736)	$ (116,708)
[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 9 for additional information.
[2]	Libbey de-designated the interest rate swap and natural gas swaps as of March 31, 2020 as the transactions were no longer probable of occurring. Amounts were reclassified to other income (expense). See note 9 for additional information.
[3]	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 7 for additional information.

Note 11 - Segments (Details Tex

Note 11 - Segments (Details Textual)	3 Months Ended
	Mar. 31, 2020
Number of Reportable Segments	3

Note 11 - Segments - Segments a

Note 11 - Segments - Segments and Geographic Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Net sales		$ 151,164	$ 175,649
Segment EBIT		8,437	9,244
Retained corporate costs		(7,198)	(9,450)
Asset impairments (note 17)		(38,535)
Fees associated with strategic initiative		(406)
Debt refinancing & prepetition reorganization charges (note 15)		(3,356)
Workforce reduction		(517)
Loss on derivatives de-designated as hedging instruments (note 9)		(12,923)
Employee benefit liability adjustment (1) (note 15)	[1]	1,720
Interest expense		(5,591)	(5,632)
(Provision) benefit for income taxes		(20,379)	1,296
Net loss		(78,748)	(4,542)
Depreciation and amortization		8,845	9,931
Capital Expenditures		6,408	10,361
Product [Member]
Net sales		150,521	174,966
U.S. and Canada Segment [Member]
Segment EBIT		6,898	9,797
Depreciation and amortization		2,963	3,133
Capital Expenditures		4,287	3,384
U.S. and Canada Segment [Member] | Product [Member]
Net sales		95,876	109,906
Latin America Segment [Member]
Segment EBIT		4,521	649
Depreciation and amortization		3,368	3,780
Capital Expenditures		904	4,191
Latin America Segment [Member] | Product [Member]
Net sales		26,643	30,401
EMEA Segment [Member]
Segment EBIT		(1,610)	(50)
Depreciation and amortization		1,314	1,699
Capital Expenditures		1,190	2,346
EMEA Segment [Member] | Product [Member]
Net sales		25,280	28,042
Other Segments [Member]
Segment EBIT		(1,372)	(1,152)
Depreciation and amortization		823	882
Capital Expenditures		24	259
Other Segments [Member] | Product [Member]
Net sales		2,722	6,617
Corporate Segment [Member]
Depreciation and amortization		377	437
Capital Expenditures		$ 3	$ 181
[1]	Relates to a post-employment benefit liability adjustment within the U.S. and Canada Segment that was not related to current period operations and, therefore, excluded from Segment EBIT.

Note 12 - Revenue (Details Text

Note 12 - Revenue (Details Textual) - Revenue Benchmark [Member] - Business Channels Concentration Risk [Member] - Minimum [Member]	3 Months Ended
	Mar. 31, 2020
EMEA Segment [Member] | Retail and Business-to-business [Member]
Concentration Risk, Percentage	75.00%
U.S. and Canada Segment [Member] | Foodservice and Retail [Member]
Concentration Risk, Percentage	75.00%
Latin America Segment [Member] | Retail and Business-to-business [Member]
Concentration Risk, Percentage	75.00%

Note 12 - Revenue - Net Sales D

Note 12 - Revenue - Net Sales Disaggregated by Business Channel (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net sales	$ 151,164	$ 175,649
Product [Member]
Net sales	150,521	174,966
Product [Member] | Foodservice [Member]
Net sales	55,326	70,817
Product [Member] | Retail [Member]
Net sales	50,651	55,573
Product [Member] | Business-to-business [Member]
Net sales	$ 44,544	$ 48,576

Note 13 - Fair Value (Details T

Note 13 - Fair Value (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Derivative, Gain (Loss) on Derivative, Net, Total	$ (9.7)
Fair Value, Inputs, Level 3 [Member]
Derivative Assets (Liabilities), at Fair Value, Net, Total	$ (12.9)

Note 13 - Fair Value - Derivati

Note 13 - Fair Value - Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Net derivative asset (liability)	$ (12,923)	$ (15,402)
Fair Value, Inputs, Level 1 [Member]
Net derivative asset (liability)
Fair Value, Inputs, Level 2 [Member]
Net derivative asset (liability)		(15,402)
Fair Value, Inputs, Level 3 [Member]
Net derivative asset (liability)	(12,923)
Commodity Contract [Member] | Fair Value, Recurring [Member]
Net derivative asset (liability)	(421)	(839)
Commodity Contract [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Net derivative asset (liability)
Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Net derivative asset (liability)		(839)
Commodity Contract [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Net derivative asset (liability)	(421)
Interest Rate Swap [Member] | Fair Value, Recurring [Member]
Net derivative asset (liability)	(12,502)	(14,563)
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Net derivative asset (liability)
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Net derivative asset (liability)		(14,563)
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Net derivative asset (liability)	$ (12,502)

Note 13 - Fair Value - Financia

Note 13 - Fair Value - Financial Instruments Carried at Cost, as Well as the Related Fair Values (Details) - Fair Value, Inputs, Level 2 [Member] - Term Loan B [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Reported Value Measurement [Member]
Prepetition Term Loan B	$ 374,700	$ 375,800
Estimate of Fair Value Measurement [Member]
Prepetition Term Loan B	$ 168,615	$ 304,398

Note 14 - Leases (Details Textu

Note 14 - Leases (Details Textual) - Land, Buildings and Improvements [Member]	Mar. 31, 2020
Lessee, Operating Lease, Term of Contract (Year)	10 years
Minimum [Member]
Lessee, Operating Lease, Renewal Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term (Year)	20 years

Note 14 - Leases - Reconciliati

Note 14 - Leases - Reconciliation of Undiscounted Cash Flows to the Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
2020 (remainder of year as of March 31, 2020)	$ 11,027	$ 14,970
2021	13,401	11,255
2022	12,380	9,987
2023	11,731	9,283
2024	10,332	8,005
2025 and thereafter	29,797	15,768
Total minimum lease payments	88,668	69,268
Less: interest	(12,563)	(8,176)
Present value of future minimum lease payments	76,105	61,092
Less: lease liabilities (current portion)	(11,585)	(12,769)
Noncurrent lease liabilities	$ 64,520	$ 48,323

Note 15 - Other Income (Expen_3

Note 15 - Other Income (Expense) - Other Income (Expense) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Gain (loss) on currency transactions		$ 4,779	$ (1,163)
Pension and non-pension benefits, excluding service cost		(916)	(406)
Loss on derivatives de-designated as hedging instruments (note 9)		(12,923)
Debt refinancing fees		(2,088)
Prepetition reorganization charges		(1,268)
Employee benefit liability adjustment	[1]	1,720
Other non-operating income (expense)		44	(15)
Other income (expense)		$ (10,652)	$ (1,584)
[1]	Relates to a post-employment benefit liability adjustment within the U.S. and Canada Segment that was not related to current period operations and, therefore, excluded from Segment EBIT.

Note 17 - Purchased Intangibl_3

Note 17 - Purchased Intangible Assets and Goodwill (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 104
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	$ 10,983	$ 11,104
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)	4 years 292 days
Goodwill, Impairment Loss	$ 38,431
Goodwill, Ending Balance	$ 0	$ 38,431
Valuation, Income Approach [Member]
Fair Value Goodwill Valuation Approach Allocation	70.00%
Valuation, Market Approach [Member]
Fair Value Goodwill Valuation Approach Allocation	30.00%
U.S. & Canada Reporting Unit [Member]
Goodwill, Impairment Loss	$ 38,400
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years
Royal Leerdam Trade Name [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	$ 800
EMEA Segment [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 100

Note 17 - Purchased Intangibl_4

Note 17 - Purchased Intangible Assets and Goodwill - Changes in Purchased Intangibles (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Beginning balance	$ 11,875
Amortization	(38)
Impairment (see below)	(104)
Foreign currency impact	(31)
Ending balance	$ 11,702

Note 17 - Purchased Intangibl_5

Note 17 - Purchased Intangible Assets and Goodwill - Purchased Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Indefinite life intangible assets	$ 10,983	$ 11,104
Definite life intangible assets, net of accumulated amortization of $20,486 and $20,507	719	771
Total	$ 11,702	$ 11,875

Note 17 - Purchased Intangibl_6

Note 17 - Purchased Intangible Assets and Goodwill - Purchased Intangible Assets (Details) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Definite life intangible assets, accumulated amortization	$ 20,486	$ 20,507

Note 17 - Purchased Intangibl_7

Note 17 - Purchased Intangible Assets and Goodwill - Changes in Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill	$ 169,553
Accumulated impairment losses, beiginning balance	(131,122)
Net beginning balance, beiginning balance	38,431
Impairment (see below)	(38,431)
Goodwill	169,553
Accumulated impairment losses, ending balance	(169,553)
Goodwill, net	0
U.S. and Canada Segment [Member]
Goodwill	43,872
Accumulated impairment losses, beiginning balance	(5,441)
Net beginning balance, beiginning balance	38,431
Impairment (see below)	(38,431)
Goodwill	43,872
Accumulated impairment losses, ending balance	(43,872)
Goodwill, net
Latin America Segment [Member]
Goodwill	125,681
Accumulated impairment losses, beiginning balance	(125,681)
Net beginning balance, beiginning balance
Impairment (see below)
Goodwill	125,681
Accumulated impairment losses, ending balance	(125,681)
Goodwill, net