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BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2016

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,
		2016				2015				2014
		(in thousands)
Net sales:
U.S. Wholesale		$	470,981			$	458,593			$	441,293
International			101,070				108,000				125,230
Retail Direct			20,568				21,077				19,487
Total net sales		$	592,619			$	587,670			$	586,010
Income from operations:
U.S. Wholesale(1)		$	39,745			$	41,343			$	34,874
International (2)			3,052				(1,600	)			3,759
Retail Direct			770				(596	)			(1,034	)
Unallocated corporate expenses			(16,490	)			(14,916	)			(16,215	)
Total income from operations		$	27,077			$	24,231			$	21,384
Depreciation and amortization:
U.S. Wholesale(3)		$	10,095			$	8,784			$	8,618
International			3,917				5,272				5,379
Retail Direct			136				147				203
Total depreciation and amortization		$	14,148			$	14,203			$	14,200

(1) In 2016 and 2015, income from operations for the U.S. Wholesale segment includes $2.4 million and $0.4 million, respectively, of restructuring expenses related to the U.S. Wholesale restructuring plan as described in Note A. The 2016 period also includes a $1.2 million charge to correct prior years’ depreciation of certain assets within the U.S. Wholesale segment. 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.

(2) 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.

(3) The 2016 period includes a $1.2 million charge to correct prior years’ depreciation of certain assets within the U.S. Wholesale segment.

		Year Ended December 31,
		2016				2015				2014
		(in thousands)
Assets:
U.S. Wholesale		$	287,313			$	269,143			$	287,744
International			95,698				115,128				128,055
Retail Direct			501				443				535
Unallocated/ corporate/ other			16,342				13,617				5,068
Total assets		$	399,854			$	398,331			$	421,402
Capital expenditures:
U.S. Wholesale		$	2,767			$	4,087			$	5,431
International			424				1,004				650
Retail Direct			189				75				90
Total capital expenditures		$	3,380			$	5,166			$	6,171
		Year Ended December 31,
		2016				2015				2014
		(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				15,689				2,673
Acquisition activity			—				—				13,016
Foreign currency translation adjustment			(3,900	)			—				—
Ending balance			11,789				15,689				15,689
Total goodwill (1)		$	14,201			$	18,101			$	18,101

(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,
		2016				2015				2014
		(in thousands)
Net sales:
United States		$	472,962			$	462,234			$	436,049
United Kingdom			74,991				81,347				93,432
Rest of World			44,666				44,089				56,529
Total		$	592,619			$	587,670			$	586,010

		December 31,
		2016				2015
		(in thousands)
Long-lived assets, excluding intangible assets, at period-end:
United States		$	43,431			$	49,369
United Kingdom			1,186				1,550
Rest of World			1,112				953
Total		$	45,729			$	51,872

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,
		2016				2015				2014
		(in thousands)
Category:
Kitchenware		$	286,815			$	295,592			$	293,904
Tableware			135,901				125,445				117,546
Home Solutions			48,265				37,556				29,843
Total		$	470,981			$	458,593			$	441,293

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

		Year Ended December 31,
		2016				2015				2014
		(in thousands)
Category:
Kitchenware		$	59,742			$	61,291			$	67,604
Tableware			41,328				46,709				57,626
Total		$	101,070			$	108,000			$	125,230

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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