Segments

Our reporting segments align with our regionally focused organizational structure, which we believe enables us to better serve customers across the globe. Under this structure, we 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. 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.

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.



	Three months ended June 30,						Six months ended June 30,
(dollars in thousands)	2014			2013			2014			2013
Net Sales:
Americas	$	154,450		$	141,815		$	276,375		$	265,350
EMEA	39,331			37,981			73,729			72,223
U.S. Sourcing	21,396			21,196			39,130			38,680
Other	8,359			8,912			15,883			17,127
Consolidated	$	223,536		$	209,904		$	405,117		$	393,380

Segment EBIT:
Americas	$	32,986		$	33,123		$	47,975		$	51,925
EMEA	1,910			691			2,163			(671		)
U.S. Sourcing	2,301			3,578			3,169			5,119
Other	869			829			1,314			3,114
Total Segment EBIT	$	38,066		$	38,221		$	54,621		$	59,487

Reconciliation of Segment EBIT to Net Income (Loss):
Segment EBIT	$	38,066		$	38,221		$	54,621		$	59,487
Retained corporate costs	(7,627		)	(6,714		)	(14,752		)	(12,014		)
Loss on redemption of debt (note 4)	(47,191		)	(2,518		)	(47,191		)	(2,518		)
Pension settlement (note 7)	—			(715		)	—			(715		)
Furnace malfunction	(576		)	—			(5,882		)	—
Restructuring charges (note 5)	—			(1,048		)	(985		)	(5,928		)
Abandoned property (note 14)	—			(1,781		)	—			(1,781		)
Interest expense	(5,486		)	(8,126		)	(13,187		)	(16,561		)
Income taxes	(2,354		)	(4,883		)	(1,176		)	(5,545		)
Net income (loss)	$	(25,168	)	$	12,436		$	(28,552	)	$	14,425

Depreciation & Amortization:
Americas	$	5,851		$	7,321		$	11,810		$	13,849
EMEA	2,738			2,507			5,364			4,993
U.S. Sourcing	7			9			14			18
Other	1,628			1,398			3,272			2,772
Corporate	368			388			808			765
Consolidated	$	10,592		$	11,623		$	21,268		$	22,397

Capital Expenditures:
Americas	$	9,663		$	7,034		$	16,795		$	13,909
EMEA	1,717			1,745			3,278			3,041
U.S. Sourcing	—			32			—			32
Other	320			1,288			892			1,623
Corporate	234			790			870			1,166
Consolidated	$	11,934		$	10,889		$	21,835		$	19,771