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BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2017

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,
		2017				2016				2015
		(in thousands)
Net sales:
U.S. Wholesale		$	462,588			$	470,981			$	458,593
International			97,757				101,070				108,000
Retail Direct			19,131				20,568				21,077
Total net sales		$	579,476			$	592,619			$	587,670
Income from operations:
U.S. Wholesale(1)		$	39,764			$	39,745			$	41,343
International (2)			(6,984	)			3,052				(1,600	)
Retail Direct			(423	)			770				(596	)
Unallocated corporate expenses			(17,177	)			(16,490	)			(14,916	)
Total income from operations		$	15,180			$	27,077			$	24,231
Depreciation and amortization:
U.S. Wholesale(3)		$	9,851			$	10,095			$	8,784
International			4,185				3,917				5,272
Retail Direct			153				136				147
Total depreciation and amortization		$	14,189			$	14,148			$	14,203
Capital expenditures:
U.S. Wholesale		$	3,899			$	2,767			$	4,087
International			2,135				424				1,004
Retail Direct			277				189				75
Total capital expenditures		$	6,311			$	3,380			$	5,166

(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.

(2) 2017 income from operations for the International segment includes $1.0 million of restructuring expenses related to the integration of entities in Europe. 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,
		2017				2016
		(in thousands)
Assets:
U.S. Wholesale		$	281,398			$	287,313
International			105,984				95,698
Retail Direct			613				501
Unallocated/ corporate/ other			13,526				16,342
Total assets		$	401,521			$	399,854

		Year Ended December 31,
		2017				2016
		(in thousands)
Goodwill:
U.S. Wholesale
Beginning balance		$	2,412			$	2,412
Acquisition activity			434				—
Ending balance			2,846				2,412
International
Beginning balance			11,789				15,689
Foreign currency translation adjustment			1,137				(3,900	)
Ending balance			12,926				11,789
Total goodwill (1)		$	15,772			$	14,201

(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,
		2017				2016				2015
		(in thousands)
Net sales:
United States		$	460,788			$	472,962			$	462,234
United Kingdom			74,834				74,991				81,347
Rest of World			43,854				44,666				44,089
Total		$	579,476			$	592,619			$	587,670

		December 31,
		2017				2016
		(in thousands)
Long-lived assets, excluding intangible assets, at period-end:
United States		$	45,285			$	43,431
United Kingdom			2,779				1,186
Rest of World			729				1,112
Total		$	48,793			$	45,729

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,
		2017				2016				2015
Category:		(in thousands)
Kitchenware		$	276,574			$	286,815			$	295,592
Tableware			134,034				135,901				125,445
Home Solutions			51,980				48,265				37,556
Total		$	462,588			$	470,981			$	458,593

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

		Year Ended December 31,
		2017				2016				2015
		(in thousands)
Category:
Kitchenware		$	59,686			$	59,742			$	61,291
Tableware			38,071				41,328				46,709
Total		$	97,757			$	101,070			$	108,000

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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