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Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
LIFETIME BRANDS, INC.
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
COL. ACOL. B
COL. C
COL. DCOL. E
DescriptionBalance at
beginning
of period
Additions
DeductionsBalance at
end of
period
Accounts receivable allowances:
Year ended December 31, 2024
Allowance for doubtful accounts(a)
$7,311 $950 $(69)$8,192 
Allowance for anticipated customer deductions(b)
8,641 3,837 (6,577)5,901 
Total accounts receivable allowances:
$15,952 $4,787 $(6,646)$14,093 
Year ended December 31, 2023
Allowance for doubtful accounts(a)
$5,195 $2,116 $— $7,311 
Allowance for anticipated customer deductions(b)
9,411 6,900 (7,670)8,641 
Total accounts receivable allowances:
$14,606 $9,016 $(7,670)$15,952 
Year ended December 31, 2022
Allowance for doubtful accounts(a)
$4,656 $662 $(123)$5,195 
Allowance for anticipated customer deductions(b)
11,888 5,961 (8,438)9,411 
Total accounts receivable allowances:
$16,544 $6,623 $(8,561)$14,606 
Deferred tax valuation allowance:
Year ended December 31, 2024$20,159 $2,516 $(983)$21,692 
Year ended December 31, 2023$16,323 $3,895 $(59)$20,159 
Year ended December 31, 2022$15,072 $1,932 $(681)$16,323 
(a)The allowance for doubtful accounts represents allowances for estimated credit losses that could result from the inability of its customers to make required payments, taking into consideration customer credit history and financial condition, industry and market segment information, credit reports, and expectations of current and future economic conditions. Additions to the allowance for doubtful accounts are recognized in selling, general and administrative expense in the Company’s consolidated statement of operations. Deductions to the allowance for doubtful accounts represents receivables previously reserved that have been written-off, less any recoveries.
(b)Additions to the allowance for anticipated customer deductions is recognized as a reduction of net sales. Deductions to the allowance for anticipated customer deductions includes deductions that were ultimately taken by the customer.