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 September 30,						Nine months ended September 30,
(dollars in thousands)	2014			2013			2014			2013
Net Sales:
Americas	$	149,366		$	141,390		$	425,741		$	406,740
EMEA	37,684			35,491			111,413			107,714
U.S. Sourcing	20,574			19,868			59,704			58,548
Other	8,333			7,637			24,216			24,764
Consolidated	$	215,957		$	204,386		$	621,074		$	597,766

Segment EBIT:
Americas	$	25,489		$	21,224		$	73,464		$	73,149
EMEA	909			(135		)	3,072			(806		)
U.S. Sourcing	2,206			2,067			5,375			7,186
Other	721			(1,831		)	2,035			1,283
Total Segment EBIT	$	29,325		$	21,325		$	83,946		$	80,812

Reconciliation of Segment EBIT to Net Income (Loss):
Segment EBIT	$	29,325		$	21,325		$	83,946		$	80,812
Retained corporate costs	(7,243		)	(4,448		)	(21,995		)	(16,462		)
Loss on redemption of debt (note 4)	—			—			(47,191		)	(2,518		)
Pension settlement (note 7)	—			(760		)	—			(1,475		)
Furnace malfunction (note 14)	—			(2,437		)	(5,882		)	(2,437		)
Restructuring charges (note 5)	—			(390		)	(985		)	(6,318		)
Abandoned property (note 14)	—			—			—			(1,781		)
Interest expense	(4,797		)	(7,706		)	(17,984		)	(24,267		)
Income taxes	(3,527		)	(835		)	(4,703		)	(6,380		)
Net income (loss)	$	13,758		$	4,749		$	(14,794	)	$	19,174

Depreciation & Amortization:
Americas	$	5,153		$	5,975		$	16,963		$	19,824
EMEA	2,624			2,930			7,988			7,923
U.S. Sourcing	6			9			20			27
Other	1,444			2,578			4,716			5,350
Corporate	342			281			1,150			1,046
Consolidated	$	9,569		$	11,773		$	30,837		$	34,170

Capital Expenditures:
Americas	$	15,196		$	4,231		$	31,991		$	18,140
EMEA	1,070			1,307			4,348			4,348
U.S. Sourcing	—			—			—			32
Other	359			3,955			1,251			5,578
Corporate	68			888			938			2,054
Consolidated	$	16,693		$	10,381		$	38,528		$	30,152