LIFETIME BRANDS INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $5,984 | $16,189 |
| Accounts receivable, less allowances of $13,237 at September 30, 2024 and $15,952 at December 31, 2023 | 142,238 | 155,180 |
| Inventory | 235,015 | 188,647 |
| Prepaid expenses and other current assets | 13,814 | 16,339 |
| Income taxes receivable | 2,894 | — |
| TOTAL CURRENT ASSETS | 399,945 | 376,355 |
| PROPERTY AND EQUIPMENT, net | 16,562 | 16,970 |
| OPERATING LEASE RIGHT-OF-USE ASSETS | 62,007 | 69,756 |
| INVESTMENT | — | 1,826 |
| INTANGIBLE ASSETS, net | 187,977 | 199,133 |
| OTHER ASSETS | 2,247 | 3,102 |
| TOTAL ASSETS | $668,738 | $667,142 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Current maturity of term loan | $6,867 | $4,742 |
| Accounts payable | 79,608 | 54,154 |
| Accrued expenses | 68,428 | 78,356 |
| Income taxes payable | — | 641 |
| Current portion of operating lease liabilities | 14,818 | 14,075 |
| TOTAL CURRENT LIABILITIES | 169,721 | 151,968 |
| OTHER LONG-TERM LIABILITIES | 14,153 | 9,126 |
| INCOME TAXES PAYABLE, LONG-TERM | 1,493 | 1,493 |
| OPERATING LEASE LIABILITIES | 60,094 | 70,009 |
| DEFERRED INCOME TAXES | 7,700 | 7,438 |
| REVOLVING CREDIT FACILITY | 64,489 | 60,395 |
| TERM LOAN | 130,170 | 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 September 30, 2024 and December 31, 2023; shares issued and outstanding: 22,157,361 at September 30, 2024 and 21,813,266 at December 31, 2023 | 222 | 218 |
| Paid-in capital | 279,530 | 277,728 |
| Accumulated deficit | (40,510) | (13,568) |
| Accumulated other comprehensive loss | (18,324) | (33,499) |
| TOTAL STOCKHOLDERS’ EQUITY | 220,918 | 230,879 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $668,738 | $667,142 |
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