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Segments
 6 Months Ended
Jun. 30, 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 we believe enables 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 June 30,
 
Six months ended June 30,
(dollars in thousands)
2013
 
2012
 
2013
 
2012
Net Sales:
 
 
 
 
 
 
 
Americas
$
141,815

 
$
148,584

 
$
265,350

 
$
278,259

EMEA
37,981

 
33,723

 
72,223

 
64,515

Other
30,108

 
26,940

 
55,807

 
54,302

Consolidated
$
209,904

 
$
209,247

 
$
393,380

 
$
397,076

 
 
 
 
 
 
 
 
Segment EBIT:
 
 
 
 
 
 
 
Americas
$
32,498

 
$
31,014

 
$
50,650

 
$
46,688

EMEA
569

 
302

 
(914
)
 
(278
)
Other
4,367

 
5,508

 
8,164

 
10,633

Total Segment EBIT
$
37,434

 
$
36,824

 
$
57,900

 
$
57,043

 
 
 
 
 
 
 
 
Reconciliation of Segment EBIT to Net Income (Loss):
 
 
 
 
 
 
 
Segment EBIT
$
37,434

 
$
36,824

 
$
57,900

 
$
57,043

Retained corporate costs
(5,927
)
 
(7,428
)
 
(10,427
)
 
(13,308
)
Loss on redemption of debt (note 4)
(2,518
)
 
(31,075
)
 
(2,518
)
 
(31,075
)
Pension settlement charge
(715
)
 
—

 
(715
)
 
—

Restructuring charges (note 5)
(1,048
)
 
—

 
(5,928
)
 
—

Abandoned property (note 15)
(1,781
)
 
—

 
(1,781
)
 
—

Interest expense
(8,126
)
 
(9,957
)
 
(16,561
)
 
(20,365
)
Income taxes
(4,883
)
 
1,493

 
(5,545
)
 
(1,797
)
Net income (loss)
$
12,436

 
$
(10,143
)
 
$
14,425

 
$
(9,502
)
 
 
 
 
 
 
 
 
Depreciation & Amortization:
 
 
 
 
 
 
 
Americas
$
7,321

 
$
6,021

 
$
13,849

 
$
12,203

EMEA
2,507

 
2,466

 
4,993

 
5,014

Other
1,407

 
1,414

 
2,790

 
2,831

Corporate
388

 
387

 
765

 
776

Consolidated
$
11,623

 
$
10,288

 
$
22,397

 
$
20,824

 
 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
 
 
 
 
Americas
$
7,034

 
$
3,259

 
$
13,909

 
$
8,423

EMEA
1,745

 
1,301

 
3,041

 
2,018

Other
1,320

 
510

 
1,655

 
1,023

Corporate
790

 
316

 
1,166

 
368

Consolidated
$
10,889

 
$
5,386

 
$
19,771

 
$
11,832


(dollars in thousands)
June 30, 2013
 
December 31, 2012
Segment Assets(1):
 
 
 
Americas
$
172,032

 
$
150,923

EMEA
47,881

 
49,981

Other
47,480

 
37,495

Consolidated
$
267,393

 
$
238,399


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