XML 11 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8

Debt - Additional Information (Detail)		9 Months Ended						9 Months Ended								9 Months Ended					9 Months Ended
	Sep. 30, 2014 USD ($)	Sep. 30, 2014 Second Amended and Restated Credit Agreement	Sep. 30, 2014 Amended And Restated Credit Agreement USD ($)	Sep. 30, 2014 Revolving Credit Facility USD ($)	Sep. 30, 2014 Revolving Credit Facility Minimum	Sep. 30, 2014 Revolving Credit Facility Maximum	Sep. 30, 2014 Revolving Credit Facility Multi-currency Borrowings USD ($)	Sep. 30, 2014 Revolving Credit Facility Amended And Restated Credit Agreement	Jan. 31, 2014 Revolving Credit Facility Amended And Restated Credit Agreement USD ($)	Sep. 30, 2014 Revolving Credit Facility Amended And Restated Credit Agreement At any time any Term Loan is outstanding or at any time no Term Loan is outstanding and availability under the Revolving Credit Facility is less than $17.5 million and continuing until availability of at least $20.0 million is maintained for three consecutive months, the Company is required to maintain a minimum fixed charge coverage ratio of 1.10 to 1.00 for each four consecutive fiscal quarter period.	Sep. 30, 2014 Revolving Credit Facility Amended And Restated Credit Agreement Each fiscal quarter end in 2015	Sep. 30, 2014 Revolving Credit Facility Amended And Restated Credit Agreement Each fiscal quarter ending thereafter	Sep. 30, 2014 Revolving Credit Facility Amended And Restated Credit Agreement Minimum USD ($)	Sep. 30, 2014 Revolving Credit Facility Amended And Restated Credit Agreement Maximum Each fiscal quarter end during 2014	Sep. 30, 2014 Revolving Credit Facility Alternate Base Rate	Sep. 30, 2014 Revolving Credit Facility Alternate Base Rate Minimum	Sep. 30, 2014 Revolving Credit Facility Alternate Base Rate Maximum	Sep. 30, 2014 Revolving Credit Facility Euro Dollar Rate Minimum	Sep. 30, 2014 Revolving Credit Facility Euro Dollar Rate Maximum	Sep. 30, 2014 Term Loan Amended And Restated Credit Agreement USD ($)	Sep. 30, 2014 Term Loan Alternate Base Rate Spread Amended And Restated Credit Agreement Minimum	Sep. 30, 2014 Term Loan Alternate Base Rate Spread Amended And Restated Credit Agreement Maximum	Sep. 30, 2014 Term Loan Eurocurrency Rate Spread Amended And Restated Credit Agreement Minimum	Sep. 30, 2014 Term Loan Eurocurrency Rate Spread Amended And Restated Credit Agreement Maximum	Sep. 30, 2014 HSBC Facility USD ($)	Sep. 30, 2014 HSBC Facility CNY
Debt Instrument [Line Items]
Credit facility, maturity date		2019-01
Credit facility, maximum borrowing capacity				$ 175,000,000			$ 40,000,000																		$ 2,900,000	18,000,000
New Term Loan facility									50,000,000
Line of credit facility interest rate description				Each borrowing under the Revolving Credit Facility bears interest, at the Company's option, at one of the following rates (i) the Alternate Base Rate, defined as the greater of the Prime Rate, Federal Funds Rate plus 0.5% or the Adjusted LIBO Rate plus 1.0%, plus a margin of 0.75% to 1.25%, or (ii) the Eurodollar Rate, defined as the Adjusted LIBO Rate plus a margin of 1.75% to 2.25%. The respective margins are based upon availability which is a function of usage and the borrowing base.
Interest rate above federal funds rate															0.50%
Interest rate above adjusted LIBOR rate															1.00%
Interest rate margin																0.75%	1.25%	1.75%	2.25%		3.00%	3.50%	4.00%	4.50%
Interest rates on outstanding borrowings					2.125%	4.25%																			6.44%	6.44%
Percentage of line of credit facility unused capacity commitment fee					0.375%
Open letters of credit				4,100,000
Outstanding borrowing under credit facility	951,000			113,100,000																47,500,000					951,000	5,900,000
Availability under revolving credit facility				57,700,000
Percentage of capital stock of foreign subsidiaries pledged as collateral								65.00%
Credit facility terms								The Second Amended and Restated Credit Agreement provides for customary restrictions and events of default. Restrictions include limitations on additional indebtedness, acquisitions, investments and payment of dividends, among other things. Further, the Second Amended and Restated Credit Agreement provides that at any time any Term Loan is outstanding or at any time no Term Loan is outstanding and availability under the Revolving Credit Facility is less than $17.5 million and continuing until availability of at least $20.0 million is maintained for three consecutive months, the Company is required to maintain a minimum fixed charge coverage ratio of 1.10 to 1.00 for each four consecutive fiscal quarter periods. The Second Amended and Restated Credit Agreement also provides that when the Term Loan is outstanding, the Company is required to maintain a Senior Leverage Ratio within defined parameters not to exceed 4.00 to 1.00 at the fiscal quarter ending September 30, 2014; 4.25 to 1.00 at the fiscal quarter ending December 31, 2014; 3.50 to 1.00 at each fiscal quarter end in 2015; and 2.50 to 1.00 at each fiscal quarter end thereafter; provided that for any fiscal quarter ending on September 30 of any year, the maximum Senior Leverage Ratio specified above shall be increased by an additional 0.25:1.00.
Minimum availability under revolving credit to maintain minimum fixed charge ratio for four consecutive months			17,500,000
Minimum availability under revolving credit to maintain minimum fixed charge ratio for three consecutive months													$ 20,000,000
Fixed charge coverage ratio minimum										110.00%
Senior leverage ratio											425.00%	350.00%		400.00%
Increase in senior leverage ratio								250.00%
Maximum senior leverage ratio								25.00%

X

- Definition

Change In Increments In Leverage Ratio

+ References

No definition available.

+ Details

Name:	lcut_ChangeInIncrementsInLeverageRatio
Namespace Prefix:	lcut_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Debt Instrument Interest in Addition to Adjusted LIBOR Rate.

+ References

No definition available.

+ Details

Name:	lcut_DebtInstrumentInterestInAdditionToLibor
Namespace Prefix:	lcut_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Debt Instruments Interest Additional Interest Above Federal Fund Rate

+ References

No definition available.

+ Details

Name:	lcut_DebtInstrumentsInterestAdditionalInterestAboveFederalFundRate
Namespace Prefix:	lcut_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Debt Instruments Maturity Date Month and Year

+ References

No definition available.

+ Details

Name:	lcut_DebtInstrumentsMaturityDateMonthAndYear
Namespace Prefix:	lcut_
Data Type:	xbrli:gYearMonthItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Fixed Charges Coverage Ratio, Minimum

+ References

No definition available.

+ Details

Name:	lcut_FixedChargesCoverageRatioMinimum
Namespace Prefix:	lcut_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Increase Maximum Permitted Leverage Ratio Due To Acquisition

+ References

No definition available.

+ Details

Name:	lcut_IncreaseMaximumPermittedLeverageRatioDueToAcquisition
Namespace Prefix:	lcut_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Minimum availability under revolving credit for three consecutive months to avoid debt covenant.

+ References

No definition available.

+ Details

Name:	lcut_MinimumAmountOfBorrowingAvailabilityUnderRevolvingCreditFacility
Namespace Prefix:	lcut_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Percentage of Capital Stock Of Foreign Subsidiaries Pledged as Collateral

+ References

No definition available.

+ Details

Name:	lcut_PercentageOfCapitalStockOfForeignSubsidiariesPledgedAsCollateral
Namespace Prefix:	lcut_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Senior Leverage Ratio

+ References

No definition available.

+ Details

Name:	lcut_SeniorLeverageRatio
Namespace Prefix:	lcut_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

+ Details

Name:	us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DebtInstrumentLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.

+ References

No definition available.

+ Details

Name:	us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.16)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 20, 22

-Article 5



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.16)

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

+ Details

Name:	us-gaap_LineOfCredit
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Description of the conditions for borrowing under the credit facility including the nature of any restrictions.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

+ Details

Name:	us-gaap_LineOfCreditFacilityCovenantTerms
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

+ Details

Name:	us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The effective interest rate at the end of the reporting period.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

+ Details

Name:	us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

+ Details

Name:	us-gaap_LineOfCreditFacilityInterestRateDescription
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

+ Details

Name:	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

+ Details

Name:	us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility.

+ References

No definition available.

+ Details

Name:	us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.16)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 16

-Article 9



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 20, 22

-Article 5



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.16)

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

+ Details

Name:	us-gaap_SecuredDebt
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant