Lifetime brands, inc. (LCUT)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
CURRENT ASSETS
Cash and cash equivalents

85,283

11,370

4,761

10,535

6,143

7,647

5,763

5,999

11,904

7,600

5,533

4,122

6,289

7,883

5,831

6,649

5,878

7,131

6,279

4,956

3,415

5,068

4,977

5,229

4,223

4,947

2,603

1,182

2,428

1,871

1,749

2,779

4,867

2,972

760

-

3,351

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,940

-

Accounts receivable, less allowances of $13,272 at March 31, 2020 and $9,681 at December 31, 2019

80,273

128,639

161,935

91,109

92,727

125,292

147,520

93,100

87,622

108,033

119,732

67,509

61,756

104,556

130,112

81,055

74,203

90,576

109,184

77,530

78,761

107,211

101,765

70,059

83,568

87,217

93,177

57,472

62,152

97,369

91,269

56,755

72,902

77,749

96,162

58,924

72,795

Inventory

164,711

173,427

229,947

205,607

187,278

173,601

209,203

197,879

177,567

132,436

175,645

167,428

154,188

135,212

171,337

150,593

139,670

136,890

173,612

154,244

142,997

137,924

-

-

-

112,791

133,052

112,554

104,043

104,584

128,954

121,093

113,653

110,337

123,158

110,506

99,935

Inventory (Note A)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170,320

153,241

136,384

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

13,395

14,140

9,842

12,724

10,897

10,822

13,290

14,712

16,262

10,354

7,110

8,088

9,837

8,796

8,323

9,107

10,771

8,783

9,893

12,719

11,462

7,914

9,014

11,365

11,254

5,781

7,113

8,681

5,570

5,393

6,052

5,476

5,286

5,264

4,647

4,729

5,048

Income taxes receivable

5,499

1,577

0

10,690

3,992

1,442

2,952

4,095

-

-

862

4,279

-

-

2,172

4,668

4,033

-

-

-

-

-

-

-

-

-

-

-

1,319

-

-

504

327

-

1,050

-

-

Deferred income taxes (Note H)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

171

420

-

3,938

3,994

3,969

3,940

3,384

3,362

3,524

3,542

3,441

3,239

2,568

2,475

1,124

1,124

1,124

TOTAL CURRENT ASSETS

349,161

329,153

406,485

330,665

301,037

318,804

378,728

315,785

293,355

258,423

308,882

251,426

232,070

256,447

317,775

252,072

234,555

243,380

298,968

249,620

237,055

258,117

290,014

243,888

239,398

214,676

239,329

183,251

179,036

212,759

231,465

189,846

199,603

198,797

226,901

177,223

182,253

PROPERTY AND EQUIPMENT, net

26,846

28,168

28,229

26,563

26,069

25,762

26,455

25,643

27,052

23,065

20,091

20,650

19,891

21,131

21,402

22,910

24,443

24,877

25,501

25,999

26,317

26,801

26,953

27,127

27,707

27,698

28,670

29,791

30,907

31,646

32,002

32,602

33,025

34,324

33,858

34,458

36,093

OPERATING LEASE RIGHT-OF-USE ASSETS

103,056

106,871

108,323

109,757

91,837

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INVESTMENTS

20,153

21,289

20,347

20,935

22,185

22,582

24,987

23,501

24,517

23,978

24,480

25,170

24,331

22,712

22,536

23,486

24,363

24,973

24,360

26,697

27,970

28,155

30,893

37,407

36,750

36,948

36,163

43,238

45,608

43,685

36,228

34,599

36,380

34,515

-

-

-

INTANGIBLE ASSETS, net

254,773

280,471

316,343

331,314

336,434

338,847

359,369

366,198

371,087

88,479

90,045

88,129

88,069

89,219

96,923

93,397

94,843

96,593

98,343

100,104

101,851

103,597

105,640

110,800

112,168

55,149

55,822

56,496

57,169

57,842

44,668

46,137

-

46,937

-

-

-

DEFERRED INCOME TAXES

-

-

-

122

438

-

9,070

8,957

8,889

5,826

8,458

8,467

8,473

8,459

7,164

7,122

6,825

6,486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INTANGIBLE ASSETS, net (Note C)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,537

-

-

-

-

INTANGIBLE ASSETS, net (Note D)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,818

INTANGIBLE ASSETS, net (Note C)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,358

30,504

-

EQUITY INVESTMENTS (Note C)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,450

25,708

24,068

OTHER ASSETS

2,995

4,071

3,925

3,345

2,390

1,844

1,825

1,962

2,015

1,750

1,768

1,340

1,813

1,886

2,104

2,196

2,261

2,022

2,792

2,947

4,539

4,732

3,164

3,315

3,228

2,268

2,557

2,933

2,829

2,865

2,904

3,179

3,742

4,172

4,160

4,469

4,354

DEFERRED INCOME TAXES

1,485

0

80

-

-

733

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL ASSETS

758,469

770,023

883,732

822,701

780,390

708,572

800,434

742,046

726,915

401,521

453,724

395,182

374,647

399,854

467,904

401,183

387,290

398,331

449,964

405,367

397,732

421,402

456,664

422,537

419,251

336,739

362,541

315,709

315,549

348,797

347,267

306,363

319,287

318,745

318,727

272,362

277,586

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Current maturity of term loan

8,175

8,413

4,264

13,261

10,757

1,253

1,249

1,247

1,285

-

-

-

6,890

9,343

9,851

9,836

24,733

19,646

20,000

20,000

10,000

10,000

10,000

10,000

7,500

-

-

-

-

-

-

-

-

-

-

-

-

Short term loan

-

-

-

-

-

-

73

76

151

69

123

121

233

113

118

131

135

252

-

-

-

-

-

-

-

-

7,000

7,000

7,000

7,000

37,826

-

15,000

15,000

0

-

4,100

Current maturity of Senior Secured Term Loan (Note E)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,937

3,500

2,625

5,250

4,375

3,500

-

-

-

-

-

-

Short term loan (Note E)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115

480

765

951

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term loan (Note E)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

868

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

27,706

36,173

67,784

48,495

32,016

38,167

60,026

43,915

34,119

25,461

47,987

33,977

26,569

29,698

49,228

25,942

21,183

27,245

35,663

32,691

27,155

28,694

42,801

27,823

28,284

21,426

33,968

24,528

18,125

18,555

27,133

20,845

23,534

18,985

27,198

20,807

19,414

Accrued expenses

42,462

52,060

58,252

50,966

48,597

45,456

61,293

52,937

49,588

44,121

45,339

37,159

31,145

45,212

52,350

34,343

33,212

40,154

45,922

31,174

32,393

36,961

36,852

27,808

35,539

41,095

39,599

25,845

26,957

33,354

35,349

22,405

29,562

33,877

32,776

23,375

31,962

Deferred income taxes (Note I)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,065

3,219

2,551

2,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

4,420

-

-

-

-

-

104

1,864

-

-

5,525

6,920

-

-

-

4,064

-

-

60

5,156

345

333

1,701

3,036

-

-

-

3,615

1,342

-

70

2,100

0

-

5,036

Current portion of operating lease liabilities

10,769

10,661

10,741

11,163

10,257

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable (Note G)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182

-

TOTAL CURRENT LIABILITIES

89,112

107,307

145,461

123,885

101,627

84,876

122,641

98,175

85,247

71,515

93,449

71,257

70,362

91,286

111,547

70,252

79,263

91,361

103,650

87,199

72,639

83,869

90,949

66,832

73,024

69,494

84,067

59,998

57,332

66,899

105,150

43,250

68,166

69,962

59,974

44,364

60,512

OTHER LONG-TERM LIABILITIES

15,569

12,214

10,987

10,055

10,071

23,339

21,166

20,847

20,569

20,249

17,429

17,610

17,871

18,973

19,257

18,906

18,967

18,556

20,087

19,812

20,303

20,160

21,826

20,827

20,225

18,644

19,192

19,366

20,256

21,565

-

-

-

-

-

-

-

INCOME TAXES PAYABLE, LONG-TERM

1,217

1,217

949

949

949

949

311

311

311

311

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DEFERRED RENT & OTHER LONG-TERM LIABILITIES (Note M)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,207

15,930

14,450

14,598

14,368

-

14,482

DEFERRED RENT & OTHER LONG-TERM LIABILITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,416

-

DEFERRED INCOME TAXES

-

-

-

15,103

15,245

-

34,070

33,968

34,419

4,423

6,290

6,161

5,778

5,666

9,143

9,091

8,860

8,596

1,951

1,474

1,485

1,485

10,499

10,665

10,608

1,777

2,365

3,606

3,556

3,510

4,821

5,479

5,427

5,385

2,189

1,603

1,429

OPERATING LEASE LIABILITIES

108,922

112,180

113,506

114,630

96,818

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DEFERRED INCOME TAXES

14,074

13,685

14,947

-

-

15,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVOLVING CREDIT FACILITY

74,438

32,822

91,212

44,913

26,490

42,080

87,227

59,577

45,047

94,744

128,457

98,974

81,933

86,201

128,686

105,925

77,040

65,617

118,798

91,308

85,279

92,655

113,062

97,481

84,430

49,231

58,103

34,915

31,339

53,968

35,838

63,376

41,545

42,625

66,745

17,354

10,000

TERM LOAN

254,210

254,281

258,745

250,062

252,879

262,694

263,009

263,329

263,581

-

-

-

-

-

1,970

4,426

7,197

14,733

17,500

20,000

32,500

35,000

37,500

40,000

42,500

-

-

-

-

-

-

30,000

-

40,000

-

40,000

-

SENIOR SECURED TERM LOAN (Note E)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,688

28,000

28,875

29,750

30,625

31,500

-

-

-

-

-

-

STOCKHOLDERS’ EQUITY
TERM LOAN (Note D)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,000

-

40,000

-

40,000

4.75% CONVERTIBLE SENIOR NOTES (Note E)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

23,557

4.75% CONVERTIBLE SENIOR NOTES (Note D)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,021

-

Preferred stock, $1.00 par value, shares authorized: 100 shares of Series A and 2,000,000 shares of Series B; none issued and outstanding

0

0

0

-

-

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, shares authorized: 50,000,000 at March 31, 2020 and December 31, 2019; shares issued and outstanding: 21,485,682 at March 31, 2020 and 21,255,660 at December 31, 2019

215

213

213

213

209

208

208

207

206

149

148

148

146

146

144

144

142

140

140

140

139

137

138

136

136

128

127

127

128

128

126

126

124

124

121

121

121

Paid-in capital

264,405

263,386

261,959

260,461

259,304

258,637

257,547

256,182

255,408

178,909

177,459

176,488

174,573

173,600

171,217

170,374

168,876

165,780

165,126

164,034

162,970

160,315

158,971

157,546

156,575

146,273

145,563

144,557

143,461

142,489

139,975

139,129

138,186

137,467

133,481

132,789

131,350

(Accumulated deficit) retained earnings

-21,923

7,173

22,634

37,090

49,499

55,264

46,169

41,126

48,068

60,546

59,900

56,210

58,979

60,981

46,860

41,025

42,838

47,733

37,326

32,826

35,078

37,703

28,956

31,058

34,767

38,224

29,314

28,621

32,812

33,849

19,013

15,435

15,189

14,465

9,356

1,823

1,312

Accumulated other comprehensive loss

-41,770

-34,455

-36,881

-34,660

-32,701

-34,616

-31,914

-31,676

-25,941

-29,325

-29,408

-31,666

-34,995

-36,999

-20,920

-18,960

-15,893

-14,185

-14,614

-11,426

-12,661

-9,922

-5,237

-2,008

-3,014

-3,720

-4,190

-4,356

-3,085

-4,236

-5,363

-6,362

-3,800

-5,881

-7,507

-4,129

-5,177

TOTAL STOCKHOLDERS’ EQUITY

200,927

236,317

247,925

263,104

276,311

279,493

272,010

265,839

277,741

210,279

208,099

201,180

198,703

197,728

197,301

192,583

195,963

199,468

187,978

185,574

185,526

188,233

182,828

186,732

188,464

180,905

170,814

168,949

173,316

172,230

153,751

148,328

149,699

146,175

135,451

130,604

127,606

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

758,469

770,023

883,732

822,701

780,390

708,572

800,434

742,046

726,915

401,521

453,724

395,182

374,647

399,854

467,904

401,183

387,290

398,331

449,964

405,367

397,732

421,402

456,664

422,537

419,251

336,739

362,541

315,709

315,549

348,797

347,267

306,363

319,287

318,745

318,727

272,362

277,586