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Other | 12 Months Ended
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Dec. 31, 2012
Other | NOTE M — OTHER Inventory The components of inventory are as follows:
|  | December 31, |
|  | 2012 |  |  | 2011 |
|  | (in thousands) |
Finished goods |  | $ | 101,021 |  |  | $ | 107,471 |
Work in process |  |  | 2,046 |  |  |  | 1,683 |
Raw materials |  |  | 1,517 |  |  |  | 1,183 |
Total |  | $ | 104,584 |  |  | $ | 110,337 |
Property and equipment Property and equipment consist of:
|  | December 31, |
|  | 2012 |  |  | 2011 |
|  | (in thousands) |
Machinery, furniture and equipment |  | $ | 75,896 |  |  | $ | 70,037 |
Leasehold improvements |  |  | 26,334 |  |  |  | 25,050 |
Building and improvements |  |  | 1,604 |  |  |  | 1,604 |
Construction in progress |  |  | 920 |  |  |  | 1,900 |
Land |  |  | 100 |  |  |  | 100 |
|  |  | 104,854 |  |  |  | 98,691 |
Less: accumulated depreciation and amortization |  |  | (73,208 | ) |  |  | (64,367 | )
Total |  | $ | 31,646 |  |  | $ | 34,324 |
Depreciation and amortization expense on property and equipment for the years ended December 31, 2012, 2011 and 2010 was $7.8 million, $7.5 million and $8.2 million, respectively. Included in machinery, furniture and equipment at each of December 31, 2012 and 2011 is $2.1 million related to assets recorded under capital leases. Included in accumulated depreciation and amortization at each of December 31, 2012 and 2011 is $1.9 million related to assets recorded under capital leases. Accrued expenses Accrued expenses consist of:
|  | December 31, |
|  | 2012 |  |  | 2011 |
|  | (in thousands) |
Customer allowances and rebates |  | $ | 10,595 |  |  | $ | 10,422 |
Compensation and benefits |  |  | 7,824 |  |  |  | 7,950 |
Interest |  |  | 401 |  |  |  | 441 |
Vendor invoices |  |  | 5,355 |  |  |  | 1,984 |
Royalties |  |  | 2,259 |  |  |  | 2,181 |
Commissions |  |  | 1,089 |  |  |  | 1,093 |
Freight |  |  | 1,122 |  |  |  | 1,419 |
Contingent consideration related to GSI investment |  |  | — |  |  |  | 2,622 |
Contingent consideration related to F&F acquisition |  |  | 730 |  |  |  | — |
Working capital excess related to F&F acquisition |  |  | 845 |  |  |  | — |
Other |  |  | 3,134 |  |  |  | 5,765 |
Total |  | $ | 33,354 |  |  | $ | 33,877 |
Deferred rent & other long-term liabilities Deferred rent & other long-term liabilities consist of:
|  | December 31, |
|  | 2012 |  |  | 2011 |
|  | (in thousands) |
Deferred rent liability |  | $ | 10,719 |  |  | $ | 11,354 |
Retirement benefit obligations |  |  | 5,752 |  |  |  | 3,244 |
Contingent consideration related to F&F acquisition |  |  | 4,640 |  |  |  | — |
Derivative liability |  |  | 454 |  |  |  | — |
Total |  | $ | 21,565 |  |  | $ | 14,598 |
Extraordinary item In December 2010, the Company paid $2.5 million to ARC International SA for all outstanding consideration remaining due or payable related to its 2008 acquisition of the business and certain assets of Mikasa®, Inc. As a result of the payment of this amount to ARC, the Company adjusted the remaining book value of the acquired Mikasa® intangible assets, including the trade name and associated deferred tax liability, to zero and the negative goodwill balance to approximately $2.5 million. Concurrently, the remaining balance of negative goodwill was eliminated resulting in an extraordinary gain in the amount of $2.5 million in 2010. Supplemental cash flow information
|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (in thousands) |
Supplemental disclosure of cash flow information: |  |  |  |
Cash paid for interest |  | $ | 5,498 |  |  | $ | 6,877 |  |  | $ | 6,893 |
Cash paid for taxes |  |  | 6,067 |  |  |  | 10,331 |  |  |  | 1,198 |
Non-cash investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Translation adjustment |  | $ | 3,077 |  |  | $ | (704 | ) |  | $ | 1,088 |
Components of accumulated other comprehensive loss, net
|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (in thousands) |
Accumulated translation adjustment: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | (5,881 | ) |  | $ | (5,177 | ) |  | $ | (6,265 | )
Translation adjustment during period |  |  | 3,077 |  |  |  | (704 | ) |  |  | 1,088 |
Balance at end of year |  | $ | (2,804 | ) |  | $ | (5,881 | ) |  | $ | (5,177 | )
Accumulated effect of retirement benefit obligations: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | — |  |  | $ | — |  |  | $ | — |
Net loss arising from retirement benefit obligations, net of tax |  |  | (1,187 | ) |  |  | — |  |  |  | — |
Amounts reclassified from accumulated other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of loss, net of tax(1) |  |  | 27 |  |  |  | — |  |  |  | — |
Balance at end of year |  | $ | (1,160 | ) |  | $ | — |  |  | $ | — |
Accumulated deferred gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | — |  |  | $ | — |  |  | $ | (549 | )
Derivative fair value adjustment, net of tax |  |  | (272 | ) |  |  | — |  |  |  | 57 |
Amounts reclassified from accumulated other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |
Hedge de-designation, net of tax(2) |  |  | — |  |  |  | — |  |  |  | 342 |
Interest rate swap termination, net of tax |  |  | — |  |  |  | — |  |  |  | 150 |
Balance at end of year |  | $ | (272 | ) |  | $ | — |  |  | $ | — |
Notes:
(1) | Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.
(2) | Amount is recorded in interest expense on the consolidated statements of operations.

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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of inventory, property and equipment, accrued expenses, deferred rent & other long-term liabilities and disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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