XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

INVESTMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Summarized Exchange Rate Translation from MXN to USD | The Company's proportionate share of Vasconia's net loss has been translated from MXN to USD using the following exchange rates:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Average exchange rate (USD to MXN) | 23.31 |  | 19.11 |  | 19.91 - 23.31 |  | 19.11 - 19.24
Summarized Income Statement Information for Vasconia in USD and MXN | Summarized income statement information for the three and six months ended June 30, 2020 and 2019 for Vasconia in USD and MXN is as follows (in thousands):
| Three Months Ended June 30, |  |  |  |  |  |
| 2020 |  |  |  | 2019 |  |
| USD |  | MXN |  | USD |  | MXN
Net sales | $ | 28,572 |  |  | $ | 666,012 |  |  | $ | 37,040 |  |  | $ | 707,837 |
Gross profit | 6,062 |  |  | 141,304 |  |  | 9,291 |  |  | 177,552 |
Income from operations | 1,414 |  |  | 32,948 |  |  | 2,805 |  |  | 53,601 |
Net loss | (1,994) |  |  | (46,459) |  |  | (178) |  |  | (3,407) |
| Six Months Ended June 30, |  |  |  |  |  |
| 2020 |  |  |  | 2019 |  |
| USD |  | MXN |  | USD |  | MXN
Net Sales | $ | 60,367 |  |  | $ | 1,299,048 |  |  | $ | 78,534 |  |  | $ | 1,506,175 |
Gross profit | 11,469 |  |  | 248,961 |  |  | 17,229 |  |  | 330,273 |
Income from operations | 864 |  |  | 22,000 |  |  | 4,698 |  |  | 90,027 |
Net loss | (572) |  |  | (18,156) |  |  | (511) |  |  | (9,813) |
Schedule of Amounts Due to and Due from Related Parties Current | Included within the Company's unaudited condensed consolidated balance sheets were the following amounts due to and due from Vasconia (in thousands):
Vasconia due to and due from balances | Balance Sheet Location |  | June 30, 2020 |  | December 31, 2019
Amounts due from Vasconia | Prepaid expenses and other current assets |  | $ | 91 |  |  | $ | 63 |
Amounts due to Vasconia | Accrued expenses and Accounts payable |  | (23) |  |  | (77) |

X
- Definition Equity Method Investments Schedule of Amounts Due to and Due from Related Parties Current + References No definition available. + Details
Name: | lcut_EquityMethodInvestmentsScheduleOfAmountsDueToAndDueFromRelatedPartiesCurrentTableTextBlock
Namespace Prefix: | lcut_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of summarized financial information for unconsolidated subsidiaries and 50 percent-or-less owned entities accounted for using the equity method of accounting. If investments in common stock of corporate joint ventures or other investments accounted for under the equity method are, in the aggregate, material in relation to the financial position or results of operations of an investor, it may be necessary to present summarized information as to assets of the investee, or group of investments for which combined disclosure is appropriate, either by individual financial statement caption or in groups, as appropriate. + References No definition available. + Details
Name: | lcut_EquityMethodInvestmentsSummarizedIncomeStatementInformationTableTextBlock
Namespace Prefix: | lcut_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity Method Investments Summary of Exchange Rate Translation + References No definition available. + Details
Name: | lcut_EquityMethodInvestmentsSummaryOfExchangeRateTranslationTableTextBlock
Namespace Prefix: | lcut_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration