XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.19.1

GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Components of Intangible Assets Included in Wholesale Segment | The Company’s intangible assets, all of which are included in the U.S. and International segments, consist of the following (in thousands):
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |
|  | Gross |  |  | Impairment |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Goodwill |  | $ | 93,895 |  |  | $ | (2,205 | ) |  | $ | — |  |  | $ | 91,690 |  |  | $ | 15,772 |  |  | $ | — |  |  | $ | 15,772 |
Indefinite -lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 58,216 |  |  |  | — |  |  |  | — |  |  |  | 58,216 |  |  |  | 7,616 |  |  |  | — |  |  |  | 7,616 |
Finite -lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Licenses |  |  | 15,847 |  |  |  |  |  |  |  | (9,825 | ) |  |  | 6,022 |  |  |  | 15,847 |  |  |  | (9,375 | ) |  |  | 6,472 |
Trade names |  |  | 43,689 |  |  |  |  |  |  |  | (13,965 | ) |  |  | 29,724 |  |  |  | 33,368 |  |  |  | (11,109 | ) |  |  | 22,259 |
Customer relationships |  |  | 175,482 |  |  |  |  |  |  |  | (27,538 | ) |  |  | 147,944 |  |  |  | 52,961 |  |  |  | (16,966 | ) |  |  | 35,995 |
Other |  |  | 6,510 |  |  |  |  |  |  |  | (1,259 | ) |  |  | 5,251 |  |  |  | 1,165 |  |  |  | (800 | ) |  |  | 365 |
Total |  | $ | 393,639 |  |  | $ | (2,205 | ) |  | $ | (52,587 | ) |  | $ | 338,847 |  |  | $ | 126,729 |  |  | $ | (38,250 | ) |  | $ | 88,479 |
Summary of Activities Relating to Intangible Assets | A summary of the activities related to the Company’s intangible assets for the years ended December 31, 2018, 2017 and 2016 consists of the following (in thousands):
|  | Intangible Assets |  |  | Goodwill |  |  | Total Intangible Assets and Goodwill |
Goodwill and Intangible Assets, December 31, 2015 |  | $ | 78,492 |  |  | $ | 18,101 |  |  | $ | 96,593 |
Acquisition of trade names |  |  | 5,159 |  |  |  | — |  |  |  | 5,159 |
Acquisition of customer relationships |  |  | 8,878 |  |  |  | — |  |  |  | 8,878 |
Acquisition of other intangible assets |  |  | 50 |  |  |  | — |  |  |  | 50 |
Foreign currency translation adjustment |  |  | (11,400 | ) |  |  | (3,900 | ) |  |  | (15,300 | )
Amortization |  |  | (6,161 | ) |  |  | — |  |  |  | (6,161 | )
Goodwill and Intangible Assets, December 31, 2016 |  |  | 75,018 |  |  |  | 14,201 |  |  |  | 89,219 |
Acquisition of goodwill |  |  | — |  |  |  | 434 |  |  |  | 434 |
Acquisition of trade names |  |  | 1,134 |  |  |  | — |  |  |  | 1,134 |
Acquisition of customer relationships |  |  | 563 |  |  |  | — |  |  |  | 563 |
Foreign currency translation adjustment |  |  | 2,823 |  |  |  | 1,137 |  |  |  | 3,960 |
Amortization |  |  | (6,831 | ) |  |  | — |  |  |  | (6,831 | )
Goodwill and Intangible Assets, December 31, 2017 |  |  | 72,707 |  |  |  | 15,772 |  |  |  | 88,479 |
Acquisition of goodwill |  |  | — |  |  |  | 78,795 |  |  |  | 78,795 |
Acquisition of trade names |  |  | 61,500 |  |  |  |  |  |  |  | 61,500 |
Acquisition of customer relationships |  |  | 124,430 |  |  |  |  |  |  |  | 124,430 |
Acquisition of other intangible assets |  |  | 5,367 |  |  |  | — |  |  |  | 5,367 |
Foreign currency translation adjustment |  |  | (1,524 | ) |  |  | (672 | ) |  |  | (2,196 | )
Amortization |  |  | (15,323 | ) |  |  | — |  |  |  | (15,323 | )
Impairment of goodwill |  |  | — |  |  |  | (2,205 | ) |  |  | (2,205 | )
Goodwill and Intangible Assets, December 31, 2018 |  | $ | 247,157 |  |  | $ | 91,690 |  |  | $ | 338,847 |
Weighted Average Amortization Periods for Finite Lived Intangible Assets | The weighted-average amortization periods for the Company’s finite-lived intangible assets as of December 31, 2018 are as follows:
|  | Years |
Trade names |  |  | 15 |
Licenses |  |  | 33 |
Customer relationships |  |  | 14 |
Other |  |  | 10 |
Estimated Amortization Expense | Estimated amortization expense for each of the five succeeding fiscal years is as follows (in thousands):
Year ending December 31, |  |  |  |
2019 |  | $ | 16,841 |
2020 |  |  | 16,827 |
2021 |  |  | 16,349 |
2022 |  |  | 16,349 |
2023 |  |  | 16,309 |

X
- Definition Schedule Of Intangible Assets [Table Text Block] + References No definition available. + Details
Name: | lcut_ScheduleOfIntangibleAssetsTableTextBlock
Namespace Prefix: | lcut_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Weighted Average Amortization Period Table [Text Block] + References No definition available. + Details
Name: | lcut_ScheduleOfWeightedAverageAmortizationPeriodTableTextBlock
Namespace Prefix: | lcut_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration