LIFETIME BRANDS INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
LCUT$7.98+6.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets – (unaudited) and
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $4,639 | $16,189 |
| Accounts receivable, less allowances of $15,177 at March 31, 2024 and $15,952 at December 31, 2023 | 113,645 | 155,180 |
| Inventory | 189,820 | 188,647 |
| Prepaid expenses and other current assets | 13,915 | 16,339 |
| TOTAL CURRENT ASSETS | 322,019 | 376,355 |
| PROPERTY AND EQUIPMENT, net | 16,356 | 16,970 |
| OPERATING LEASE RIGHT-OF-USE ASSETS | 66,662 | 69,756 |
| INVESTMENTS | — | 1,826 |
| INTANGIBLE ASSETS, net | 195,343 | 199,133 |
| OTHER ASSETS | 2,286 | 3,102 |
| TOTAL ASSETS | $602,666 | $667,142 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Current maturity of term loan | $10,652 | $4,742 |
| Accounts payable | 32,855 | 54,154 |
| Accrued expenses | 64,697 | 78,356 |
| Income taxes payable | 567 | 641 |
| Current portion of operating lease liabilities | 14,251 | 14,075 |
| TOTAL CURRENT LIABILITIES | 123,022 | 151,968 |
| OTHER LONG-TERM LIABILITIES | 9,257 | 9,126 |
| INCOME TAXES PAYABLE, LONG-TERM | 1,493 | 1,493 |
| OPERATING LEASE LIABILITIES | 66,278 | 70,009 |
| DEFERRED INCOME TAXES | 7,429 | 7,438 |
| REVOLVING CREDIT FACILITY | 40,860 | 60,395 |
| TERM LOAN | 130,626 | 135,834 |
| STOCKHOLDERS’ EQUITY | ||
| 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 | — | — |
| Common stock, $0.01 par value, shares authorized: 50,000,000 at March 31, 2024 and December 31, 2023; shares issued and outstanding: 22,073,256 at March 31, 2024 and 21,813,266 at December 31, 2023 | 221 | 218 |
| Paid-in capital | 277,496 | 277,728 |
| Accumulated deficit | (20,771) | (13,568) |
| Accumulated other comprehensive loss | (33,245) | (33,499) |
| TOTAL STOCKHOLDERS’ EQUITY | 223,701 | 230,879 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $602,666 | $667,142 |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.