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Segments
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segments
Segments

Effective January 1, 2013, we revised our reporting segments to align with our previously announced regionally focused organizational structure which will enable us to better serve customers across the globe. Under this structure, we now report financial results for the Americas; Europe, the Middle East and Africa (EMEA); and Other. In addition, sales and segment EBIT reflect end market reporting pursuant to which sales and related costs are included in segment EBIT based on the geographical destination of the sale. The revised segment results do not affect any previously reported consolidated financial results. Our two reportable segments are defined below. Our operating segments that do not meet the criteria for reportable segments are disclosed as Other.

Americas—includes worldwide sales of manufactured and sourced glass tableware having an end market destination in North
and South America.

EMEA—includes worldwide sales of manufactured and sourced glass tableware having an end market destination in Europe,
the Middle East and Africa.

Other —includes worldwide sales of manufactured and sourced glass tableware having an end market destination in
Asia Pacific and worldwide sales of sourced ceramic dinnerware, metal tableware, hollowware, and serveware.

Our measure of profit for our reportable segments is Segment Earnings before Interest and Taxes (Segment EBIT) and excludes amounts related to certain items we consider not representative of ongoing operations as well as certain retained corporate costs. We use Segment EBIT, along with net sales and selected cash flow information, to evaluate performance and to allocate resources. Segment EBIT for reportable segments includes an allocation of some corporate expenses based on the costs of services performed.

Certain activities not related to any particular reportable segment are reported within retained corporate costs. These costs include certain headquarter, administrative and facility costs, and other costs that are global in nature and are not allocable to the reporting segments.

The accounting policies of the reportable segments are the same as those described in note 2. We do not have any customers who represent 10 percent or more of total sales. Inter-segment sales are consummated at arm’s length and are reflected at end market reporting below.
 
Three months ended March 31,
(dollars in thousands)
2013
 
2012
Net Sales:
 
 
 
Americas
$
123,535

 
$
129,675

EMEA
34,242

 
30,792

Other
25,699

 
27,362

Consolidated
$
183,476

 
$
187,829

 
 
 
 
Segment EBIT:
 
 
 
Americas
$
18,152

 
$
15,674

EMEA
(1,483
)
 
(580
)
Other
3,797

 
5,125

Total Segment EBIT
$
20,466

 
$
20,219

 
 
 
 
Reconciliation of Segment EBIT to Net Income:
 
 
 
Segment EBIT
$
20,466

 
$
20,219

Retained corporate costs
(4,500
)
 
(5,880
)
Restructuring charges (note 5)
(4,880
)
 
—

Interest expense
(8,435
)
 
(10,408
)
Income taxes
(662
)
 
(3,290
)
Net income
$
1,989

 
$
641

 
 
 
 
Depreciation & Amortization:
 
 
 
Americas
$
6,528

 
$
6,182

EMEA
2,486

 
2,548

Other
1,383

 
1,417

Corporate
377

 
389

Consolidated
$
10,774

 
$
10,536

 
 
 
 
Capital Expenditures:
 
 
 
Americas
$
6,875

 
$
5,164

EMEA
1,296

 
717

Other
335

 
513

Corporate
376

 
52

Consolidated
$
8,882

 
$
6,446


(dollars in thousands)
March 31, 2013
 
December 31, 2012
Segment Assets(1):
 
 
 
Americas
$
160,827

 
$
150,923

EMEA
48,292

 
49,981

Other
44,519

 
37,495

Consolidated
$
253,638

 
$
238,399


______________________________
(1) Segment assets are defined as net accounts receivable plus net inventory.



The following table contains 2012 segment information by quarter presented to conform with our new segment structure and end market reporting effective January 1, 2013.
 
2012 Quarter Ending
 
 
(dollars in thousands)
March 31
 
June 30
 
September 30
 
December 31
 
Total 2012
Net Sales:
 
 
 
 
 
 
 
 
 
Americas
$
129,675

 
$
148,584

 
$
146,169

 
$
156,306

 
$
580,734

EMEA
30,792

 
33,723

 
34,454

 
35,809

 
134,778

Other
27,362

 
26,940

 
28,527

 
26,946

 
109,775

Consolidated
$
187,829

 
$
209,247

 
$
209,150

 
$
219,061

 
$
825,287

 
 
 
 
 
 
 
 
 
 
Segment EBIT:
 
 
 
 
 
 
 
 
 
Americas
$
15,674

 
$
31,014

 
$
27,020

 
$
22,125

 
$
95,833

EMEA
(580
)
 
302

 
1,804

 
(2,240
)
 
(714
)
Other
5,125

 
5,508

 
5,378

 
4,216

 
20,227

Total Segment EBIT
$
20,219

 
$
36,824

 
$
34,202

 
$
24,101

 
$
115,346

 
 
 
 
 
 
 
 
 
 
Reconciliation of Segment EBIT to Net Income (Loss):
 
 
 
 
 
 
 
 
Segment EBIT
$
20,219

 
$
36,824

 
$
34,202

 
$
24,101

 
$
115,346

Retained corporate costs
(5,880
)
 
(7,428
)
 
(6,289
)
 
(4,816
)
 
(24,413
)
Severance
—

 
—

 
(3,911
)
 
(1,239
)
 
(5,150
)
Loss on redemption of debt
—

 
(31,075
)
 
—

 
—

 
(31,075
)
Pension curtailment and settlement
—

 
—

 
125

 
(4,431
)
 
(4,306
)
Interest expense
(10,408
)
 
(9,957
)
 
(8,720
)
 
(8,642
)
 
(37,727
)
Income taxes
(3,290
)
 
1,493

 
(546
)
 
(3,366
)
 
(5,709
)
Net income (loss)
$
641

 
$
(10,143
)
 
$
14,861

 
$
1,607

 
$
6,966

 
 
 
 
 
 
 
 
 
 
Depreciation & Amortization:
 
 
 
 
 
 
 
 
 
Americas
$
6,182

 
$
6,021

 
$
6,045

 
$
6,413

 
$
24,661

EMEA
2,548

 
2,466

 
2,375

 
2,357

 
9,746

Other
1,417

 
1,414

 
1,325

 
1,661

 
5,817

Corporate
389

 
387

 
328

 
143

 
1,247

Consolidated
$
10,536

 
$
10,288

 
$
10,073

 
$
10,574

 
$
41,471

 
 
 
 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
 
 
 
 
 
 
Americas
$
5,164

 
$
3,259

 
$
3,839

 
$
11,759

 
$
24,021

EMEA
717

 
1,301

 
942

 
2,499

 
5,459

Other
513

 
510

 
152

 
1,021

 
2,196

Corporate
52

 
316

 
479

 
197

 
1,044

Consolidated
$
6,446

 
$
5,386

 
$
5,412

 
$
15,476

 
$
32,720