XML 96 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6

Capital Stock (Tables)

12 Months Ended

Dec. 31, 2012

Dividends Declared

Dividends declared in 2012 and 2011 are as follows:

Dividend per share		Date declared		Date of record		Payment date
$0.025		March 4, 2011		May 2, 2011		May 16, 2011
$0.025		June 27, 2011		August 2, 2011		August 16, 2011
$0.025		November 4, 2011		November 18, 2011		November 29, 2011
$0.025		January 11, 2012		February 1, 2012		February 15, 2012
$0.025		March 6, 2012		May 1, 2012		May 15, 2012
$0.025		June 13, 2012		August 1, 2012		August 15, 2012
$0.025		July 31, 2012		November 1, 2012		November 15, 2012
$0.025		November 2, 2012		February 1, 2013		February 15, 2013

Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the three years ended December 31, 2012, is as follows:

		Options				Weighted- average exercise price				Weighted- average remaining contractual life (years)				Aggregate intrinsic value
Options outstanding at December 31, 2009			1,786,667			$	12.14
Grants			573,000				13.12
Exercises			(39,250	)			4.44
Cancellations			(101,217	)			13.65
Options outstanding at December 31, 2010			2,219,200				12.46
Grants			391,500				11.20
Exercises			(123,500	)			5.19
Cancellations			(11,450	)			13.29
Options outstanding at December 31, 2011			2,475,750				12.62
Grants			305,000				11.64
Exercises			(199,823	)			5.47
Cancellations			(52,750	)			12.82
Options outstanding at December 31, 2012			2,528,177				13.06				6.13			$	4,525,905
Options exercisable at December 31, 2012			1,616,052				14.19				4.96			$	3,813,485

Fair Value Stock Options at Grant Date using Weighted Average Assumption

The fair value for these stock options was estimated at the date of grant using the following weighted-average assumptions:

		2012				2011				2010
Historical volatility			61	%			60	%			73	%
Expected term (years)			6.0				5.6				5.0
Risk-free interest rate			1.10	%			1.96	%			2.18	%
Expected dividend yield			0.86	%			0.89	%			0.00	%

X

- Definition

Tabular disclosure of information regarding dividends that have been declared as of the financial reporting date. This information may contain the amount per share, declared date, record date, and payment date.

+ References

No definition available.

+ Details

Name:	lcut_DividendsDeclaredTableTextBlock
Namespace Prefix:	lcut_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration