LIFETIME BRANDS INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Stockholders’ Equity (unaudited) –
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
| Common stock · Paid-incapital · Accumulated deficit · Accumulated othercomprehensive loss · Total | ||||||
|---|---|---|---|---|---|---|
| Shares · Amount | ||||||
| BALANCE AT DECEMBER 31, 2023 | 21,813 | $218 | $277,728 | $(13,568) | $(33,499) | $230,879 |
| Net loss | — | — | — | (6,260) | — | (6,260) |
| Other comprehensive income, net of taxes | — | — | — | — | 254 | 254 |
| Performance shares issued to employees | 152 | 2 | (2) | — | — | — |
| Net issuance of restricted shares granted to employees | 213 | 2 | (2) | — | — | — |
| Stock compensation expense | — | — | 799 | — | — | 799 |
| Shares effectively repurchased for required employee withholding taxes | (105) | (1) | (1,027) | — | — | (1,028) |
| Dividends (1) | — | — | — | (943) | — | (943) |
| BALANCE AT MARCH 31, 2024 | 22,073 | $221 | $277,496 | $(20,771) | $(33,245) | $223,701 |
| Net loss | — | — | — | (18,167) | — | (18,167) |
| Other comprehensive income, net of taxes | — | — | — | — | 14,239 | 14,239 |
| Net issuance of restricted shares granted to employees and directors | 92 | 1 | (1) | — | — | — |
| Stock compensation expense | — | — | 1,044 | — | — | 1,044 |
| Shares effectively repurchased for required employee withholding taxes | (7) | — | (55) | — | — | (55) |
| Dividends (1) | — | — | — | (957) | — | (957) |
| BALANCE AT JUNE 30, 2024 | 22,158 | $222 | $278,484 | $(39,895) | $(19,006) | $219,805 |
| Net income | — | — | — | 344 | — | 344 |
| Other comprehensive income, net of taxes | — | — | — | — | 682 | 682 |
| Net issuance of restricted shares granted to employees | (1) | — | — | — | — | — |
| Stock compensation expense | — | — | 1,046 | — | — | 1,046 |
| Dividends (1) | — | — | — | (959) | — | (959) |
| BALANCE AT SEPTEMBER 30, 2024 | 22,157 | $222 | $279,530 | $(40,510) | $(18,324) | $220,918 |
(1)Cash dividends declared per share of common stock were $0.1275 and $0.1275 in the nine months ended September 30, 2024 and 2023, respectively.
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| Common stock · Paid-incapital · Retained earnings (accumulated deficit) · Accumulated othercomprehensive loss · Total | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| BALANCE AT DECEMBER 31, 2022 | 21,780 | $218 | $274,579 | $1,145 | $(35,854) | $240,088 | |
| Net loss | — | — | — | (8,805) | — | (8,805) | |
| Other comprehensive income, net of taxes | — | — | — | — | 420 | 420 | |
| Performance shares issued to employees | 120 | 1 | (1) | — | — | — | |
| Net issuance of restricted shares granted to employees | 185 | 2 | (2) | — | — | — | |
| Stock compensation expense | — | — | 866 | — | — | 866 | |
| Shares effectively repurchased for required employee withholding taxes | (74) | (1) | (438) | — | — | (439) | |
| Stock repurchase | (320) | (3) | — | (2,536) | — | (2,539) | |
| Dividends (1) | — | — | — | (930) | — | (930) | |
| BALANCE AT MARCH 31, 2023 | 21,691 | $217 | $275,004 | $(11,126) | $(35,434) | $228,661 | |
| Net loss | — | — | — | (6,520) | — | (6,520) | |
| Other comprehensive income, net of taxes | — | — | — | — | 948 | 948 | |
| Net issuance of restricted shares granted to employees and directors | 141 | 1 | (1) | — | — | — | |
| Stock compensation expense | — | — | 1,010 | — | — | 1,010 | |
| Shares effectively repurchased for required employee withholding taxes | (18) | — | (98) | — | — | (98) | |
| Dividends (1) | — | — | — | (950) | — | (950) | |
| BALANCE AT JUNE 30, 2023 | 21,814 | $218 | $275,915 | $(18,596) | $(34,486) | $223,051 | |
| Net income | — | — | — | 4,206 | — | 4,206 | |
| Other comprehensive loss, net of taxes | — | — | — | — | (795) | (795) | |
| Stock compensation expense | — | — | 898 | — | — | 898 | |
| Dividends (1) | — | — | — | (943) | — | (943) | |
| BALANCE AT SEPTEMBER 30, 2023 | 21,814 | $218 | $276,813 | $(15,333) | $(35,281) | $226,417 | |
(1)Cash dividends declared per share of common stock were $0.1275 and $0.1275 in the nine months ended September 30, 2024 and 2023, respectively.
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