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Segments
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segments
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 sales of manufactured and sourced glass tableware having an end market destination in North and South America.

EMEA—includes 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 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 March 31,
(dollars in thousands)
2015
 
2014
Net Sales:
 
 
 
Americas
$
128,372

 
$
121,925

EMEA
28,509

 
34,398

U.S. Sourcing
21,399

 
17,734

Other
9,085

 
7,524

Consolidated
$
187,365

 
$
181,581

 
 
 
 
Segment EBIT:
 
 
 
Americas
$
16,323

 
$
14,989

EMEA
(766
)
 
253

U.S. Sourcing
1,625

 
868

Other
1,870

 
445

Total Segment EBIT
$
19,052

 
$
16,555

 
 
 
 
Reconciliation of Segment EBIT to Net Income (Loss):
 
 
 
Segment EBIT
$
19,052

 
$
16,555

Retained corporate costs
(9,495
)
 
(7,195
)
Furnace malfunction (note 14)
—

 
(5,306
)
Restructuring charges (note 5)
—

 
(985
)
Derivatives (1)
(399
)
 
70

Executive retirement
(235
)
 
—

Interest expense
(4,523
)
 
(7,701
)
Income taxes
(1,288
)
 
1,178

Net income (loss)
$
3,112

 
$
(3,384
)
 
 
 
 
Depreciation & Amortization:
 
 
 
Americas
$
6,071

 
$
5,959

EMEA
2,177

 
2,626

U.S. Sourcing
6

 
7

Other
1,491

 
1,644

Corporate
439

 
440

Consolidated
$
10,184

 
$
10,676

 
 
 
 
Capital Expenditures:
 
 
 
Americas
$
14,518

 
$
7,132

EMEA
1,437

 
1,561

U.S. Sourcing
—

 
—

Other
183

 
572

Corporate
521

 
636

Consolidated
$
16,659

 
$
9,901



(1) Derivatives relate to hedge ineffectiveness on our natural gas contracts and interest rate swap, as well as, mark-to-market adjustments on our natural gas contracts that have been de-designated and those for which we did not elect hedge accounting.