v3.26.3
OTHER
 9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
OTHER OTHER
Cash dividends
Dividends declared in the nine months ended September 30, 2026 were as follows:
Dividend per shareDate declaredDate of recordPayment date
$0.04253/9/20265/1/20265/15/2026
$0.04256/18/20267/31/20268/14/2026
$0.04258/4/202610/30/202611/13/2026
During the nine months ended September 30, 2026, the Company paid dividends of $2.9 million. This included payments made on February 13, 2026, May 15, 2026 and August 14, 2026 of $0.9 million, $0.9 million and $0.9 million to stockholders of record on January 30, 2026, May 1, 2026, and July 31, 2026, respectively, and payments of $0.2 million for dividends payable upon the vesting of restricted shares.
In the three months ended September 30, 2026, the Company reduced retained earnings for the accrual of $1.0 million relating to the dividend payable on August 14, 2026.
On November 3, 2026, the Board declared a quarterly dividend of 0.0425 per share of common stock payable on February 12, 2027 to stockholders of record on January 29, 2027.
Stock repurchase program
On November 3, 2026 (the “Effective Date”), the Company's Board authorized an increase to the Company’s previously-authorized share repurchase program (the “Repurchase Program”) such that the amount of the Company’s common stock, $0.01 par value per share (the “Common Stock”), available for repurchase as of the Effective Date is $20.0 million (exclusive of fees and commissions).
Under the Repurchase Program, Lifetime Brands may repurchase its Common Stock through a variety of methods, including open market purchases, which may or may not be pursuant to Rule 10b5-1 trading plans, privately negotiated transactions, block trades accelerated share repurchase, tender offers, or any combination of such methods. The timing and amount of shares of Common Stock that may be repurchased under the Repurchase Plan will depend on a variety of factors including, but not limited to, the share price, market conditions, corporate considerations, business opportunities, debt agreements, and regulatory requirements. The Repurchase Program does not have an expiration date and may be amended or terminated by the Board at any time without prior notice. Prior to the Effective Date, there was approximately $11.1 million available for repurchase under the Repurchase Program. No shares were repurchased during the nine months ended September 30, 2026.
Supplemental cash flow information
Nine Months Ended
September 30,
20262025
(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest$10,357 $13,089 
Cash paid for taxes, net of refunds1,246 3,012 
Non-cash investing activities:
Leasehold improvements funded by tenant improvement allowances5,138 — 
Interest expense, net
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
(in thousands)
Interest expense$(3,571)$(5,013)$(12,264)$(14,982)
Interest income(1)
1,460 — 1,519 — 
Total interest expense, net
$(2,111)$(5,013)$(10,745)$(14,982)
(1) For the three and nine months ended September 30, 2026, includes $1.4 million related to the interest received on the IEEPA tariff refunds.
Components of accumulated other comprehensive loss, net
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
(in thousands)
Accumulated translation adjustment:
Balance at beginning of period$(17,500)$(17,772)$(17,698)$(18,384)
Translation adjustment during period37 (81)235 531 
Balance at end of period$(17,463)$(17,853)$(17,463)$(17,853)
Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of period$— $(343)$(44)$247 
Change in unrealized gains (losses)
— 113 — (562)
Amounts reclassified from accumulated other comprehensive loss:
Settlement of cash flow hedge (1)
— 28 44 113 
Net change in cash flow hedges, net of taxes of $0, $0, $0, $0
— 141 44 (449)
Balance at end of period$— $(202)$— $(202)
Accumulated effect of retirement benefit obligations:
Balance at beginning of period$(291)$(170)$(303)$(178)
Amounts reclassified from accumulated other comprehensive loss: (2)
Amortization of actuarial loss, net of taxes of $(2), $(1), $(6), $(4)
6 5 18 13 
Balance at end of period$(285)$(165)$(285)$(165)
Total accumulated other comprehensive loss at end of period
$(17,748)$(18,220)$(17,748)$(18,220)
(1)Amounts reclassified are recorded in cost of sales on the unaudited condensed consolidated statement of operations.
(2)Amounts are recorded in selling, general and administrative expense on the unaudited condensed consolidated statements of operations.