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BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting Information

The Company has segmented its operations to reflect the manner in which management reviews and evaluates the results of its operations. While the three segments distribute similar products, the segments have been distinct due to the different methods the Company uses to sell, market and distribute the products. Management evaluates the performance of the U.S. Wholesale, International and Retail Direct segments based on net sales and income (loss) from operations. Such measures give recognition to specifically identifiable operating costs such as cost of sales, distribution expenses and selling, general and administrative expenses. Certain general and administrative expenses, such as senior executive salaries and benefits, stock compensation, director fees and accounting, legal and consulting fees, are not allocated to the specific segments and are reflected as unallocated corporate expenses.

		Year Ended December 31,
		2015				2014				2013
		(in thousands)
Net sales:
U.S. Wholesale		$	458,593			$	441,293			$	444,187
International			108,000				125,230				38,907
Retail Direct			21,077				19,487				20,680
Non-operating adjustment(1)			—				—				(1,053	)
Total net sales		$	587,670			$	586,010			$	502,721
Income from operations:
U.S. Wholesale(2)		$	41,343			$	34,874			$	46,303
International (3)			(1,600	)			3,759				(2,151	)
Retail Direct			(596	)			(1,034	)			(62	)
Non-operating adjustment(1)			—				—				(1,053	)
Unallocated corporate expenses			(14,916	)			(16,215	)			(14,851	)
Total income from operations		$	24,231			$	21,384			$	28,186
Depreciation and amortization:
U.S. Wholesale		$	8,784			$	8,618			$	8,549
International			5,272				5,379				1,601
Retail Direct			147				203				265
Total depreciation and amortization		$	14,203			$	14,200			$	10,415

Note:

(1) In 2013, the Company recorded a non-operating adjustment to reduce accounts receivable for previously issued credits within the Retail Direct business which related to 2010 and earlier periods.

(2) In 2014, income from operations for the U.S. Wholesale segment included a $3.4 million of intangible asset impairment charge and $4.2 million related to the reduction in certain contingent consideration accruals.

(3) In 2015, income from operations for the International segment includes a $1.0 million net charge related to the change in certain contingent consideration accruals.

		Year Ended December 31,
		2015				2014				2013
		(in thousands)
Assets:
U.S. Wholesale		$	269,764			$	287,744			$	291,757
International			115,128				128,055				35,365
Retail Direct			443				535				730
Unallocated/ corporate/ other			13,617				5,068				8,887
Total assets		$	398,952			$	421,402			$	336,739
Capital expenditures:
U.S. Wholesale		$	4,087			$	5,431			$	3,375
International			1,004				650				272
Retail Direct			75				90				195
Total capital expenditures		$	5,166			$	6,171			$	3,842
		Year Ended December 31,
		2015				2014				2013
		(in thousands)
Goodwill:
U.S. Wholesale
Beginning balance		$	2,412			$	2,412			$	2,412
Acquisition activity			—				—				—
Ending balance			2,412				2,412				2,412
International
Beginning balance			15,689				2,673				2,673
Acquisition activity			—				13,016				—
Ending balance			15,689				15,689				2,673
Total goodwill (1)		$	18,101			$	18,101			$	5,085

Note:

(1) No goodwill is allocated to the Company’s Retail Direct reportable segment.

Net Sales and Long-Lived Assets by Major Geographic Locations

The following table sets forth net sales and long-lived assets by the major geographic locations:

		Year ended December 31,
		2015				2014				2013
		(in thousands)
Net sales:
United States		$	462,234			$	436,049			$	439,129
United Kingdom			81,347				93,432				29,012
Rest of World			44,089				56,529				34,580
Total		$	587,670			$	586,010			$	502,721

		December 31,
		2015				2014
		(in thousands)
Long-lived assets, excluding intangible assets, at period-end:
United States		$	49,990			$	54,594
United Kingdom			1,550				3,927
Rest of World			953				1,167
Total		$	52,493			$	59,688

Net Sales by Major Product Categories

The following table sets forth net sales by major product categories included within the Company’s U.S. Wholesale operating segment:

		Year Ended December 31,
		2015				2014				2013
		(in thousands)
Category:
Kitchenware		$	271,045			$	269,265			$	281,211
Tableware			124,353				117,546				110,108
Home Solutions			63,195				54,482				52,868
Total		$	458,593			$	441,293			$	444,187

The following table sets forth net sales by major product categories included within the Company’s International operating segment:

		Year Ended December 31,
		2015				2014				2013
		(in thousands)
Category:
Kitchenware		$	61,291			$	67,604			$	—
Tableware			46,709				57,626				38,907
Total		$	108,000			$	125,230			$	38,907

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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