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BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting Information

The Company has segmented its operations to reflect the manner in which management reviews and evaluates the results of its operations. The U.S. segment includes the Company’s primary domestic business that designs, markets and distributes its products to retailers, distributors and its internet websites. The International Segment consists of certain business operations conducted outside the U.S. Management evaluates the performance of the U.S. and International 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 fees and consulting fees, are not allocated to the specific segments and are reflected as unallocated corporate expenses.

		Year Ended December 31,
		2018				2017				2016
		(in thousands)
Net sales:
U.S.		$	611,973			$	481,719			$	491,549
International			92,569				97,757				101,070
Total net sales		$	704,542			$	579,476			$	592,619
Income from operations:
U.S. (1)		$	44,213			$	39,341			$	40,515
International (2)			(5,395	)			(6,984	)			3,052
Unallocated corporate expenses			(20,239	)			(17,177	)			(16,490	)
Total income from operations		$	18,579			$	15,180			$	27,077
Depreciation and amortization:
U.S. (3)		$	18,840			$	10,004			$	10,231
International			4,489				4,185				3,917
Total depreciation and amortization		$	23,329			$	14,189			$	14,148
Capital expenditures:
U.S.		$	7,746			$	4,176			$	2,956
International			156				2,135				424
Total capital expenditures		$	7,902			$	6,311			$	3,380

(1) In 2018 and 2016, income from operations for the U.S. segment includes $2.1 million and $2.4 million, respectively, of restructuring expenses related to the Filament integration and the U.S. restructuring plan, respectively, as described in Note A – Significant Accounting Policies. The 2016 period also includes a $1.2 million charge to correct prior years’ depreciation of certain assets within the U.S. segment.

(2) In 2018 and 2017 income from operations for the International segment includes $0.2 million and $1.0 million of restructuring expenses related to the integration of entities in Europe, as described in Note A – Significant Accounting Policies. 

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

		December
		2018				2017
		(in thousands)
Assets:
U.S.		$	604,532			$	282,011
International			94,210				105,984
Unallocated/ corporate/ other			9,830				13,526
Total assets		$	708,572			$	401,521

		Year Ended December
		2018				2017
		(in thousands)
Goodwill:
U.S.
Beginning balance		$	2,846			$	2,412
Acquisition activity			78,795				434
Ending balance			81,641				2,846
International
Beginning balance			12,926				11,789
Foreign currency translation adjustment			(672	)			1,137
Impairment			(2,205	)			—
Ending balance			10,049				12,926
Total goodwill		$	91,690			$	15,772

Net Sales and Long-Lived Assets by Major Geographic Locations

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

		December,
		2018				2017
		(in thousands)
Long-lived assets, excluding intangible assets, at period-end:
United States		$	47,812			$	45,285
United Kingdom			1,896				2,779
Rest of World			480				729
Total		$	50,188			$	48,793

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Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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