XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

LEASES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Lease, Cost | The components of lease costs for the year ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
| Year Ended December 31,
| 2023 |  | 2022 | 2021
Operating lease costs (1): |  |  |  |
Fixed lease expense | $ | 16,911 |  |  | $ | 17,855 |  | $ | 17,860 |
Variable lease expense | 5,432 |  |  | $ | 4,698 |  | $ | 5,833 |
Total | $ | 22,343 |  |  | $ | 22,553 |  | $ | 23,693 |
(1) Expenses are recorded within distribution expenses and selling, general and administrative expenses.
Schedule Of Supplemental Cash Flow Information Related To Leases | Supplemental cash flow information for the year ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 18,800 |  |  | $ | 19,338 |  |  | $ | 19,154 |
Total |  | $ | 18,800 |  |  | $ | 19,338 |  |  | $ | 19,154 |
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 5,718 |  |  | $ | 2,540 |  |  | $ | 1,299 |
Total |  | $ | 5,718 |  |  | $ | 2,540 |  |  | $ | 1,299 |
Lessee, Operating Lease, Liability, Maturity | The aggregate future lease payments for operating leases as of December 31, 2023 were as follows (in thousands):
| Operating
2024 | $ | 18,971 |
2025 | 18,740 |
2026 | 18,367 |
2027 | 14,236 |
2028 | 12,842 |
Thereafter | 18,522 |
Total lease payments | 101,678 |
Less: Interest | (17,594) |
Present value of lease payments | $ | 84,084 |
Schedule Of Average Lease Terms And Discount Rates | Average lease terms and discount rates were as follows:
| December 31, 2023 | December 31, 2022
Weighted-average remaining lease term (years) |  |
Operating leases | 5.9 | 6.3
Weighted-average discount rate |  |
Operating leases | 6.4 | % | 6.1 | %

X
- Definition Tabular disclosure of average Lease terms and discount rates. + References No definition available. + Details
Name: | lcut_ScheduleOfAverageLeaseTermsAndDiscountRatesTableTextBlock
Namespace Prefix: | lcut_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information related to leases. + References No definition available. + Details
Name: | lcut_ScheduleOfSupplementalCashFlowInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | lcut_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration