Segments and Geographic Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segments and Geographic Information

Segments and Geographic Information

Effective January 1, 2013, we revised our reporting segments to align with our 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), U.S. Sourcing 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 three reportable segments are defined below. Our operating segment that does not meet the criteria to be a reportable segment is 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.

U.S. Sourcing—includes U.S. sales of sourced ceramic dinnerware, metal tableware, hollowware, and serveware.

Other —includes worldwide sales of manufactured and sourced glass tableware having an end market destination in Asia Pacific. Plastic items were included in this segment until we sold substantially all of the assets of our Traex subsidiary on April 28, 2011.

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 and other allocations that are not considered by management when evaluating performance. 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.

Year ended December 31, (dollars in thousands)	2013			2012			2011
Net Sales:
Americas	$	560,840		$	580,734		$	571,394
EMEA	146,455			134,778			144,575
U.S. Sourcing	78,302			72,234			65,601
Other	33,214			37,541			35,486
Consolidated	$	818,811		$	825,287		$	817,056
Segment EBIT:
Americas	$	100,258		$	95,833		$	74,725
EMEA	874			(714		)	3,924
U.S. Sourcing	9,752			11,381			10,394
Other	3,374			8,846			3,654
Total Segment EBIT	$	114,258		$	115,346		$	92,697
Reconciliation of Segment EBIT to Net Income:
Segment EBIT	$	114,258		$	115,346		$	92,697
Retained corporate costs	(22,293		)	(24,413		)	(21,796		)
Loss on redemption of debt (note 6)	(2,518		)	(31,075		)	(2,803		)
Severance	—			(5,150		)	(1,105		)
Pension curtailment and settlement charge	(2,252		)	(4,306		)	—
Gain on sale of Traex assets (note 17)	—			—			3,418
Furnace malfunction (note 18)	(4,428		)	—			—
Gain on sale of land (1)  (note 17)	—			—			3,445
Equipment write-down (note 5)	—			—			(817		)
Equipment credit (note 5)	—			—			1,021
Restructuring charges (note 7)	(6,544		)	—			84
CEO transition expenses	—			—			(2,722		)
Abandoned property (note 18)	(1,781		)	—			(2,719		)
Executive retirement	(736		)	—			—
Interest expense	(32,006		)	(37,727		)	(43,419		)
Income taxes	(13,241		)	(5,709		)	(1,643		)
Net income	$	28,459		$	6,966		$	23,641
Depreciation & Amortization:
Americas	$	24,953		$	24,661		$	24,272
EMEA	10,449			9,746			10,372
U.S. Sourcing	33			40			43
Other	7,275			5,777			5,976
Corporate	1,259			1,247			1,525
Consolidated	$	43,969		$	41,471		$	42,188
Capital Expenditures:
Americas	$	31,404		$	24,021		$	30,175
EMEA	7,787			5,459			9,253
U.S. Sourcing	30			—			25
Other	7,437			2,196			736
Corporate	2,749			1,044			1,231
Consolidated	$	49,407		$	32,720		$	41,420

⁽¹⁾  Net gain on the sale of land at our Libbey Holland facility.

December 31, (dollars in thousands)	2013		2012
Segment Assets(1):
Americas	$	158,131	$	150,923
EMEA	50,115		49,981
U.S. Sourcing	27,202		21,800
Other	17,222		15,695
Consolidated	$	252,670	$	238,399

______________________________

(1) Segment assets are defined as net accounts receivable, excluding insurance claim receivable resulting from the furnace malfunction, plus net inventory.

Net sales to customers and long-lived assets located in the U.S., Mexico, and Other regions for 2013, 2012 and 2011 are presented below. Intercompany sales to affiliates represent products that are transferred to those geographic areas on a basis intended to reflect as nearly as possible the market value of the products. The long-lived assets include net fixed assets and goodwill.

(dollars in thousands)	United States		Mexico		All Other		Eliminations			Consolidated
2013
Net sales:
Customers	$	444,176	$	125,752	$	248,883				$	818,811
Intercompany	51,521		12,747		22,423		$	(86,691	)	—
Total net sales	$	495,697	$	138,499	$	271,306	$	(86,691	)	$	818,811
Long-lived assets	$	106,545	$	213,651	$	112,845	$	—		$	433,041
2012
Net sales:
Customers	$	463,659	$	119,234	$	242,394				$	825,287
Intercompany	56,420		12,387		20,930		$	(89,737	)	—
Total net sales	$	520,079	$	131,621	$	263,324	$	(89,737	)	$	825,287
Long-lived assets	$	110,919	$	202,437	$	111,370	$	—		$	424,726
2011
Net sales:
Customers	$	441,882	$	122,308	$	252,866				$	817,056
Intercompany	55,281		13,964		24,470		$	(93,715	)	—
Total net sales	$	497,163	$	136,272	$	277,336	$	(93,715	)	$	817,056
Long-lived assets	$	114,207	$	199,577	$	117,506	$	—		$	431,290