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BUSINESS SEGMENTS
 3 Months Ended
Mar. 31, 2016
BUSINESS SEGMENTS

NOTE I — BUSINESS SEGMENTS

The Company operates in three reportable business segments: U.S. Wholesale, International and Retail Direct. The U.S. Wholesale segment is the Company’s primary domestic business that designs, markets and distributes its products to retailers and distributors. The International segment consists of certain business operations conducted outside the U.S. which were previously included in the Wholesale segment. The Retail Direct segment is where the Company markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred and Friends, Built NY and Lifetime Sterling internet websites.

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 are 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.

 

     Three Months Ended
March 31,		  
     2016      2015  
     (in thousands)  

Net sales

      

U.S. Wholesale

    $ 82,268       $ 86,521   

International

      23,673         25,365   

Retail Direct

      4,984         5,771   
  

 

 

     

 

 

  

Total net sales

    $ 110,925       $ 117,657   
  

 

 

     

 

 

  

Loss from operations

      

U.S. Wholesale

    $ (1,789 )     $ 1,951   

International

      395         (545 ) 

Retail Direct

      37         (49 ) 

Unallocated corporate expenses

      (3,858 )       (3,528 ) 
  

 

 

     

 

 

  

Loss from operations

    $ (5,215 )     $ (2,171 ) 
  

 

 

     

 

 

  

Depreciation and amortization

      

U.S. Wholesale

    $ 2,179       $ 2,187   

International

      1,270         1,330   

Retail Direct

      35         38   
  

 

 

     

 

 

  

Total depreciation and amortization

    $ 3,484       $ 3,555   
  

 

 

     

 

 

  
     March 31,      December 31,  
     2016      2015  
     (in thousands)  

Assets

      

U.S. Wholesale

    $ 261,924       $ 269,143   

International

      112,369         115,128   

Retail Direct

      294         443   

Unallocated/ Corporate/ Other

      12,703         13,617   
  

 

 

     

 

 

  

Total assets

    $ 387,290       $ 398,331