XML 52 R34.htm IDEA: XBRL DOCUMENT
v3.24.0.1

EQUITY INVESTMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Summarized Equity in Earnings, Net of Taxes [Table Text Block] | The Company’s equity in earnings, net of tax, for 2023, 2022 and 2021 are as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in thousands) |  |
Vasconia equity in earnings, net of taxes | $ | (5,831) |  |  | $ | (3,300) |  |  | $ | 1,769 |
Net loss on dilution in Vasconia ownership | — |  |  | — |  |  | (297) |
Net loss on partial sale of Vasconia ownership, net of taxes | — |  |  | — |  |  | (510) |
Impairment on investment in Vasconia | (6,834) |  |  | (6,167) |  |  | — |
Equity in (losses) earnings, net of taxes | $ | (12,665) |  |  | $ | (9,467) |  |  | $ | 962 |
Equity Method Investments Summary of Exchange Rate Translation | The Company’s proportionate share of Vasconia's net income (loss) has been translated from MXN to USD using the following exchange rates:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Average exchange rate (MXN to USD) | 17.06 - 18.66 |  | 19.67 - 20.50 |  | 20.01 - 20.74
Summarized Income Statement Information for Vasconia in USD and MXN | Summarized income statement information for the years ended December 31, 2023, 2022 and 2021, as well as summarized balance sheet information as of December 31, 2023 and 2022, for Vasconia, calculated in accordance with U.S. GAAP, in USD and MXN is as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in thousands)
| USD |  | MXN |  | USD |  | MXN |  | USD |  | MXN
Income Statement |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 173,104 |  |  | $ | 3,069,162 |  |  | $ | 240,910 |  |  | $ | 4,846,328 |  |  | $ | 240,186 |  |  | $ | 4,871,845 |
Gross profit | 35,158 |  |  | 622,451 |  |  | 39,874 |  |  | 802,496 |  |  | 52,574 |  |  | 1,064,557 |
Loss (income) from operations | (10,944) |  |  | (192,551) |  |  | (1,596) |  |  | (30,323) |  |  | 15,536 |  |  | 313,156 |
Net income | (23,591) |  |  | (416,505) |  |  | (13,207) |  |  | (262,251) |  |  | 7,017 |  |  | 141,972 |
Summarized Balance Sheet Information for Vasconia in USD and MXN |
| December 31,
| 2023 |  | 2022
| (in thousands)
| USD |  | MXN |  | USD |  | MXN
Balance Sheet |  |  |  |  |  |  |
Current assets | $ | 117,382 |  |  | $ | 1,991,347 |  |  | $ | 129,449 |  |  | $ | 2,519,905 |
Non-current assets | 152,708 |  |  | 2,590,649 |  |  | 144,356 |  |  | 2,810,082 |
Current liabilities | 186,134 |  |  | 3,157,716 |  |  | 93,112 |  |  | 1,812,546 |
Non-current liabilities | 13,927 |  |  | 236,269 |  |  | 95,065 |  |  | 1,850,568 |

X
- Definition Equity Method Investments Summarized Balance Sheet Information [Table Text Block] + References No definition available. + Details
Name: | lcut_EquityMethodInvestmentsSummarizedBalanceSheetInformationTableTextBlock
Namespace Prefix: | lcut_
Data Type: | dtr-types1: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: | dtr-types1: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: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summarized Equity in Earnings, Net of Taxes + References No definition available. + Details
Name: | lcut_SummarizedEquityInEarningsNetOfTaxesTableTextBlock
Namespace Prefix: | lcut_
Data Type: | dtr-types: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