Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s products include an extensive array of decorative and functional household products such as candles, accessories, seasonal decorations, household convenience items and personalized gifts, as well as health, wellness and beauty related products. The Company's products can be found primarily throughout the United States, Canada, Mexico, Europe and Australia. The Company's financial results are reported in two segments: the Candles & Home Décor segment and the Catalog & Internet segment.

Within the Candles & Home Décor segment, the Company designs, manufactures or sources, markets and distributes an extensive line of products including scented candles, candle-related accessories and other fragranced products under the PartyLite^® brand. Products in this segment are primarily sold through networks of independent sales consultants. PartyLite brand products are sold primarily in the United States, Canada, Mexico, Europe and Australia.

Within the Catalog & Internet segment, under the Silver Star Brands name, the Company designs, sources and markets a broad range of household convenience items, health, wellness and beauty products, holiday cards, personalized gifts, kitchen accessories, premium photo albums and frames. These products are sold directly to the consumer under the Miles Kimball^®, Walter Drake^®, Easy Comforts^®, As We Change^®, Exposures^® and Native Remedies^® brands. These products are sold in the United States and Canada.

Operating profit in all segments represents net sales less operating expenses directly related to the business segments and corporate expenses allocated to the business segments.  Other expense includes Interest expense, Interest income, and Foreign exchange and other which are not allocated to the business segments.  Identifiable assets for each segment consist of assets used directly in its operations and intangible assets, if any, resulting from purchase business combinations.  Unallocated Corporate within the identifiable assets include cash and cash equivalents, short-term investments, discontinued operations, prepaid income tax, corporate fixed assets, deferred debt costs and other long-term investments, which are not allocated to the business segments. Corporate expenses are allocated to each segment based on budgeted sales.

The geographic area data includes net sales based on product shipment destination and long-lived assets, which consist of fixed assets, based on physical location.

Operating Segment Information

(In thousands)	For the year ended
Financial Information	December 31, 2014			December 31, 2013			December 31, 2012
Net Sales				(3)			(3)(1)
Candles & Home Décor	$	347,640		$	390,796		$	417,266
Catalog & Internet	142,380			143,466			138,714
Total	$	490,020		$	534,262		$	555,980
Earnings (1)
Candles & Home Décor	$	7,505		$	14,808		$	12,276
Catalog & Internet	(408		)	(2,918		)	(8,261		)
Operating profit	7,097			11,890			4,015
Other Expense/(Income) (4)	(10,609		)	(5,354		)	(3,664		)
Earnings (loss) before income taxes and non-controlling interest	$	(3,512	)	$	6,536		$	351
Identifiable Assets
Candles & Home Décor	148,658			175,900			188,731
Catalog & Internet	51,393			50,880			51,274
Unallocated  Corporate	87,302			140,061			196,109
Total	$	287,353		$	366,841		$	436,114
Capital Expenditures (2)
Candles & Home Décor	1,908			2,819			7,792
Catalog & Internet	922			223			896
Unallocated Corporate	37			19			410
Total	$	2,867		$	3,061		$	9,098
Depreciation and Amortization
Candles & Home Décor	6,139			6,616			6,499
Catalog & Internet	1,974			3,022			3,377
Unallocated Corporate	209			251			256
Total	$	8,322		$	9,889		$	10,132
Geographic Information
Net Sales
United States	$	207,659		$	222,092		$	235,348
International	282,361			312,170			320,632
Total	$	490,020		$	534,262		$	555,980
Long Lived Assets
United States	$	42,543		$	45,537		$	50,277
International	25,723			31,289			30,954
Total	$	68,266		$	76,826		$	81,231

(1) For the year ended December 31, 2014, earnings within the Candles & Home Décor segment include a one-time fixed asset impairment charge of $0.6 million on certain machinery and equipment located at the Cumbria, United Kingdom facility (See Note 21 to the Consolidated Financial Statements). For the year ended December 31, 2012, earnings within the Catalog & Internet segment include non-cash pre-tax intangibles impairment charges of $0.8 million (See Note 8 to the Consolidated Financial Statements).

(2) Capital expenditures are presented net of disposals and transfers. The unallocated corporate balance is net of transfers to other divisions.

(3) As adjusted for discontinued operations (See Note 3 to the Consolidated Financial Statements).

(4) For the year ended December 31, 2014, the Company recorded a $2.9 million impairment charge on its ViSalus investment. On February 4, 2013, the Company received $10.0 million as a final settlement on a promissory note. As a result of this settlement, the Company recorded an impairment charge in Foreign Exchange and Other expense of $1.6 million, net of other adjustments, to write-down the promissory note to the settlement amount.