Significant Accounting Policies [Text Block]

2.

Significant Accounting Policies

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Libbey Inc. and its majority-owned subsidiaries (collectively, Libbey or the Company) have been prepared in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP) for interim financial information and with the instructions to Form

10

-Q and Item

10

of Regulation S-

X.

Accordingly, they do

not

include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the

three

month and

nine

month periods ended

September 30, 2019

, are

not

necessarily indicative of the results that

may

be expected for the year ending

December

31,

2019.

The balance sheet at

December 31, 2018

, has been derived from the audited financial statements at that date but does

not

include all of the information and footnotes required by U.S. GAAP for complete financial statements. The financial information included herein should be read in conjunction with our Consolidated Financial Statements in Item

8

of our Form

10

-K for the year ended

December 31, 2018

.

Software

We account for software in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC)

350.

Software represents the costs of internally developed and/or purchased software for internal use. Capitalized costs include software packages, installation and internal labor costs of employees devoted to the software development project. Costs incurred to modify existing software, providing significant enhancements and creating additional functionality are also capitalized. Once a project is complete, we estimate the useful life of the internal-use software, generally amortizing these costs over a

3

to

10

year period. Software is classified on the balance sheet in property, plant and equipment, and the related cash flows are shown as cash outflows from investing activities.

Cloud Computing Arrangements

We account for implementation costs for software that we gain access to in hosted cloud computing arrangements in accordance with FASB ASC

350.

Capitalized costs of hosted cloud computing arrangements include configuration, installation, other upfront costs and internal labor costs of employees devoted to the cloud computing software implementation project. Once a project is complete, amortization is computed using the straight-line method over the term of the associated hosting arrangement, generally

3

to

10

years. In connection with our adoption of Accounting Standards Update (ASU)

2018

-

15

on

January 1, 2019,

these implementation costs are now classified on the balance sheet in prepaid and other current assets and other assets, and the related cash flows are presented as cash outflows from operations. Prior to

January 1, 2019,

implementation costs were included in property, plant and equipment, and the related cash flows were shown as cash outflows from investing activities. See

New Accounting Standards - Adopted

below. Our cloud computing arrangements primarily relate to our new global enterprise resource planning (ERP) system. At

September 30, 2019

, the net book value of these implementation costs included $

0.3

million in prepaid and other current assets and $

6.0

million in other assets on the Condensed Consolidated Balance Sheet. Amortization expense for the

three

and

nine

-month periods were both immaterial.

Leases

We determine if an arrangement is a lease at inception. As of

January 1, 2019,

operating leases are included in operating lease right-of-use (ROU) assets, current operating lease liabilities and noncurrent operating lease liabilities in our balance sheet; related payments are included in operating activities on the statement of cash flows. We currently do

not

have any finance leases; but, if we do in the future, we will include them in property, plant and equipment, long-term debt due within

one

year and long-term debt within our balance sheet.

ROU assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term.

When our leases do

not

provide an implicit rate, we use our incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments. We give consideration to our secured borrowing rates as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates.

The operating lease ROU asset also includes any lease prepayments made before commencement or in advance of the payment due date. Our lease terms

may

include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Leases with a term of

12

months or less (short-term leases) are

not

recorded on the balance sheet. Our lease agreements do

not

contain any residual value guarantees or material restrictive covenants. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Variable lease costs represent the incremental change in lease payments associated with an indexed rate (i.e. Consumers Price Index), and these costs are

not

included in the lease liability on the balance sheet because they are unknown at commencement date.

We have lease agreements with lease and non-lease components. Non-lease components for real estate leases relate primarily to common area maintenance, insurance, taxes and utilities associated with the properties. For real estate leases and a limited class of equipment leases, we account for the lease and non-lease components separately. Non-lease components are

not

recorded on the balance sheet as a ROU asset and lease liability and are

not

included in lease costs. For all other equipment leases, we account for the lease and non-lease components as a single lease component.

See

New Accounting Standards - Adopted

below for the adoption impact of this lease accounting standard.

Stock-Based Compensation Expense

Stock-based compensation expense charged to the Condensed Consolidated Statements of Operations is as follows:

	Three months ended September 30,				Nine months ended September 30,
(dollars in thousands)	2019		2018		2019		2018
Stock-based compensation expense	$	953	$	671	$	2,888	$	2,127

New Accounting Standards - Adopted

Each change to U.S. GAAP is established by the FASB in the form of an ASU to the FASB’s ASC. We consider the applicability and impact of all ASUs. ASUs

not

listed below were assessed and either were determined to be

not

applicable or are expected to have minimal impact on the Company’s Condensed Consolidated Financial Statements.

In

February 2016,

the FASB issued ASU

2016

-

02,

Leases

(Topic

842

), which requires a lessee to recognize on the balance sheet ROU assets and corresponding liabilities for both finance and operating leases with lease terms greater than

12

months. On

January 1, 2019,

we adopted this standard using the optional transition method of applying the modified retrospective approach at our adoption date. Under this method, previously reported comparative periods prior to

2019

have

not

been restated. We have elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our prior conclusions on existing contracts for lease identification, lease classification and initial direct costs. In addition, for most of our classes of equipment leases, we elected the practical expedient to

not

separate lease and non-lease components. We also made an accounting policy election to keep leases with a term of

12

months or less off of the balance sheet for all classes of underlying assets. At adoption, we had operating leases which resulted in us recognizing operating ROU assets and lease liabilities on the balance sheet of approximately

$69

million. The adoption of this ASU did

not

have a material impact on our condensed consolidated results of operations or cash flows, and there was

no

cumulative effect adjustment to retained earnings. The new standard also required additional disclosures which are included in

note

13

.

On

January 1, 2019,

we early adopted ASU

2018

-

15,

Intangibles-Goodwill and Other-Internal-Use Software

(Subtopic

350

-

40

):

Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract

. This standard aligns the requirements for capitalizing implementation costs in a cloud computing arrangement service contract with the requirements for capitalizing implementation costs incurred for internal-use software. The new guidance also prescribes the balance sheet, income statement and cash flow classification of the capitalized implementation costs and related amortization expense, and requires additional quantitative and qualitative disclosures. Prior to

January 1, 2019,

implementation costs for cloud computing arrangements were capitalized into property, plant and equipment and amortized on a straight-line basis. Upon adoption of this new standard, we reclassed

$

2.8

million from construction in progress within property, plant, and equipment to other assets. When implementation projects are completed and amortization of capitalized costs begins, a portion is recorded in prepaids and other current assets. Results and disclosures for reporting periods beginning on or after

January 1, 2019,

are presented under the new guidance within ASU

2018

-

15,

while prior period amounts and disclosures are

not

adjusted and continue to be reported in accordance with our previous accounting.

New Accounting Standards -

Not

Yet Adopted

In

June 2016,

the FASB issued ASU

2016

-

13,

Financial Instruments - Credit Losses

(Topic

326

):

Measurement of Credit Losses on Financial Instruments

. This standard introduces a new approach to estimating credit losses on certain types of financial instruments, including trade receivables, and modifies the impairment model for available-for-sale debt securities. ASU

2016

-

13

is effective for fiscal years beginning after

December 15, 2019,

including interim periods within those fiscal years, with early applica

tion permitted. In

October

of

2019,

the FASB approved a delayed effective date for Smaller Reporting Company filers; thus, our effective date is now for fiscal years beginning after

December 15, 2022,

including interim periods within those fiscal years.

Although we are still evaluating the impact of this standard, we believe it will

not

have a material impact on our Condensed Consolidated Financial Statements.

Note 3 - Balance Sheet Details

9 Months Ended

Sep. 30, 2019

Supplemental Balance Sheet Disclosures [Text Block]

3.

Balance Sheet Details

The following table provides detail of selected balance sheet items:

(dollars in thousands)	September 30, 2019		December 31, 2018
Accounts receivable:
Trade receivables	$	89,202	$	82,521
Other receivables		1,543		1,456
Total accounts receivable, less allowances of $9,577 and $8,538	$	90,745	$	83,977

Inventories:
Finished goods	$	177,789	$	175,074
Work in process		1,433		1,363
Raw materials		4,243		4,026
Repair parts		10,282		10,116
Operating supplies		1,922		1,524
Total inventories, less loss provisions of $7,342 and $9,453	$	195,669	$	192,103

Accrued liabilities:
Accrued incentives	$	22,621	$	19,359
Other accrued liabilities		25,812		24,369
Total accrued liabilities	$	48,433	$	43,728

Note 4 - Borrowings

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Text Block]

4.

Borrowings

Borrowings consist of the following:

			September 30,		December 31,
(dollars in thousands)	Interest Rate	Maturity Date	2019		2018
Borrowings under ABL Facility	floating (2)	December 7, 2022 (1)	$	41,014	$	19,868
Term Loan B	floating (3)	April 9, 2021		376,900		380,200
Total borrowings				417,914		400,068
Less — unamortized discount and finance fees				1,608		2,368
Total borrowings — net				416,306		397,700
Less — long term debt due within one year				4,400		4,400
Total long-term portion of borrowings — net			$	411,906	$	393,300

________________________

(

1

)

Maturity date will be

January 9, 2021,

if Term Loan B is

not

refinanced by this date.

(

2

)

The interest rate for the ABL Facility is comprised of several different borrowings at various rates. The weighted average rate of all ABL Facility borrowings was

2.91

percent at

September 30, 2019

.

(

3

)

We have entered into interest rate swaps that effectively fix a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swaps in

note

8

for additional details. The Term Loan B floating interest rate was

5.04

percent at

September 30, 2019

.

The ABL Facility also provides for the issuance of up to $

15.0

million of letters of credit that, when outstanding, are applied against the $

100.0

million limit. At

September 30, 2019

, $

9.6

million in letters of credit and other reserves were outstanding. Remaining unused availability under the ABL Facility was $

49.4

million at

September 30, 2019

, compared to $

71.6

million at

December 31, 2018

.

On

June 17, 2019,

Crisa Libbey Mexico S. de R.L. de C.V. entered into a $

3.0

million working capital line of credit with Banco Santander Mexico to cover seasonal working capital needs, guaranteed by its parent company, Libbey Mexico, S. de R.L. de C.V. The line of credit matures on

December 14, 2020,

and has a floating interest rate of LIBOR plus

3.20

percent. At

September 30, 2019

, there were

no

borrowings under this line of credit. Interest with respect to borrowings on the line of credit is due monthly.

Note 5 - Income Taxes	9 Months Ended
Note 5 - Income Taxes	Sep. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	5. Income Taxes For interim tax reporting, we estimate our annual effective tax rate and apply it to our year-to-date ordinary income. Tax jurisdictions with a projected or year-to-date loss for which a tax benefit cannot be realized are excluded from the annualized effective tax rate. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, are reported in the interim period in which they occur. Our effective tax rate was ( 14.4 ) percent for the nine months ended September 30, 2019 , compared to 314.3 percent for the nine months ended September 30, 2018 . Our effective tax rate for the nine months ended September 30, 2019 , was negative because the company recorded positive tax expense despite incurring an overall pretax loss. This occurred because the pretax loss was driven by nondeductible expenses, principally the nondeductible goodwill impairment recorded in the second quarter of the year and nondeductible interest. The Company and its subsidiaries are subject to examination by various countries' tax authorities. These examinations may lead to proposed or assessed adjustments to our taxes. In August 2016, the Mexican tax authority (SAT) assessed one of our Mexican subsidiaries related to the audit of its 2010 tax year. The amount assessed was approximately 3 billion Mexican pesos, which was equivalent to approximately $157 million U.S. dollars as of the date of the assessment. The Company has filed an administrative appeal with SAT requesting that the assessment be fully nullified. We are awaiting the outcome of the appeal. Management, in consultation with external legal counsel, believes that if contested in the Mexican court system, it is more likely than not that the Company would prevail on all significant components of the assessment. Management intends to continue to vigorously contest in the Mexican courts all significant components of the assessment that are not nullified at the administrative appeal level. We believe that our tax reserves related to uncertain tax positions are adequate at this time.

Note 6 - Pension and Non-pension Post-retirement Benefits

9 Months Ended

Sep. 30, 2019

Pension and Other Postretirement Benefits Disclosure [Text Block]

6.

Pension and Non-pension Post-retirement Benefits

The components of our net pension expense, including the SERP (supplemental employee retirement plan), are as follows:

Three months ended September 30,	U.S. Plans						Non-U.S. Plans						Total
(dollars in thousands)	2019			2018			2019			2018			2019			2018
Service cost	$	783		$	1,003		$	256		$	289		$	1,039		$	1,292
Interest cost		3,382			3,154			761			755			4,143			3,909
Expected return on plan assets		(5,194	)		(5,665	)		—			—			(5,194	)		(5,665	)
Amortization of unrecognized:
Prior service cost (credit)		—			—			(49	)		(51	)		(49	)		(51	)
Actuarial loss		1,087			1,618			102			158			1,189			1,776
Pension expense	$	58		$	110		$	1,070		$	1,151		$	1,128		$	1,261

Nine months ended September 30,	U.S. Plans						Non-U.S. Plans						Total
(dollars in thousands)	2019			2018			2019			2018			2019			2018
Service cost	$	2,349		$	3,007		$	775		$	865		$	3,124		$	3,872
Interest cost		10,146			9,461			2,302			2,259			12,448			11,720
Expected return on plan assets		(15,580	)		(16,994	)		—			—			(15,580	)		(16,994	)
Amortization of unrecognized:
Prior service cost (credit)		—			1			(150	)		(152	)		(150	)		(151	)
Actuarial loss		3,262			4,854			310			471			3,572			5,325
Pension expense	$	177		$	329		$	3,237		$	3,443		$	3,414		$	3,772

We have contributed $

0.8

million and $

2.5

million of cash to our pension plans for the

three

months and

nine

months ended

September 30, 2019

, respectively. Pension contributions for the remainder of

2019

are estimated to be $

0.9

million.

The provision for our non-pension, post-retirement, benefit expense consists of the following:

Three months ended September 30,	U.S. Plans						Non-U.S. Plans						Total
(dollars in thousands)	2019			2018			2019			2018			2019			2018
Service cost	$	110		$	151		$	1		$	1		$	111		$	152
Interest cost		459			456			6			9			465			465
Amortization of unrecognized:
Prior service (credit)		(71	)		(71	)		—			—			(71	)		(71	)
Actuarial (gain)		(94	)		(52	)		(14	)		(16	)		(108	)		(68	)
Non-pension post-retirement benefit expense	$	404		$	484		$	(7	)	$	(6	)	$	397		$	478

Nine months ended September 30,	U.S. Plans						Non-U.S. Plans						Total
(dollars in thousands)	2019			2018			2019			2018			2019			2018
Service cost	$	332		$	453		$	1		$	1		$	333		$	454
Interest cost		1,377			1,367			24			29			1,401			1,396
Amortization of unrecognized:
Prior service (credit)		(212	)		(212	)		—			—			(212	)		(212	)
Actuarial (gain)		(282	)		(157	)		(51	)		(49	)		(333	)		(206	)
Non-pension post-retirement benefit expense	$	1,215		$	1,451		$	(26	)	$	(19	)	$	1,189		$	1,432

Our

2019

estimate of non-pension cash payments is $

5.2

million, of which we have paid $

0.8

million and $

4.3

million for the

three

months and

nine

months ended

September 30, 2019

, respectively.

Note 7 - Net Loss Per Share of Common Stock

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Text Block]

7.

Net Loss per Share of Common Stock

The following table sets forth the computation of basic and diluted loss per share:

	Three months ended September 30,						Nine months ended September 30,
(dollars in thousands, except earnings per share)	2019			2018			2019			2018
Numerator for earnings per share:
Net loss that is available to common shareholders	$	(3,457	)	$	(4,959	)	$	(51,766	)	$	(3,932	)

Denominator for basic earnings per share:
Weighted average shares outstanding		22,484,158			22,222,827			22,403,253			22,162,237

Denominator for diluted earnings per share:
Effect of stock options and restricted stock units		—			—			—			—
Adjusted weighted average shares and assumed conversions		22,484,158			22,222,827			22,403,253			22,162,237

Basic loss per share	$	(0.15	)	$	(0.22	)	$	(2.31	)	$	(0.18	)

Diluted loss per share	$	(0.15	)	$	(0.22	)	$	(2.31	)	$	(0.18	)

Anti-dilutive shares excluded from computation of diluted loss per share		1,925,173			1,270,680			1,776,055			1,230,244

When applicable, diluted shares outstanding is calculated using the weighted-average number of common shares outstanding plus the dilutive effects of equity-based compensation outstanding during the period using the treasury stock method.

Note 8 - Derivatives

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Text Block]

8.

Derivatives

We utilize derivative financial instruments to hedge certain interest rate risks associated with our long-term debt and commodity price risks associated with forecasted future natural gas requirements. These derivatives qualify for hedge accounting since the hedges are highly effective, and we have designated and documented contemporaneously the hedging relationships involving these derivative instruments. While we intend to continue to meet the conditions for hedge accounting, if hedges do

not

qualify as highly effective or if we do

not

believe that forecasted transactions would occur, the changes in the fair value of the derivatives used as hedges would be reflected in our earnings. Our contracts with counterparties generally contain right of offset provisions. These provisions effectively reduce our exposure to credit risk in situations where the Company has gain and loss positions outstanding with a single counterparty. It is our policy to offset on the Condensed Consolidated Balance Sheets the amounts recognized for derivative instruments executed with the same counterparty under a master netting agreement.

We do

not

believe we are exposed to more than a nominal amount of credit risk in our natural gas hedges and interest rate swaps as the counterparties are established financial institutions. The counterparties for the derivative agreements are rated BBB+ or better as of

September 30, 2019

, by Standard and Poor’s.

Fair Values

The following table provides the fair values of our derivative financial instruments for the periods presented, all of which are cash flow hedges:

		Fair Value of Derivative Assets
(dollars in thousands)	Balance Sheet Location	September 30, 2019		December 31, 2018
Interest rate swaps	Prepaid and other current assets	$	—	$	1,425
Natural gas contracts	Prepaid and other current assets		—		226
Natural gas contracts	Other assets		—		39
Total derivative assets		$	—	$	1,690

		Fair Value of Derivative Liabilities
Interest rate swaps	Accrued liabilities	$	2,139	$	—
Interest rate swaps	Other long-term liabilities		13,757		5,713
Natural gas contracts	Accrued liabilities		727		—
Natural gas contracts	Other long-term liabilities		106		—
Total derivative liabilities		$	16,729	$	5,713

The following table presents cash settlements (paid) received related to the below derivatives:

	Three months ended September 30,					Nine months ended September 30,
(dollars in thousands)	2019			2018		2019			2018
Natural gas contracts	$	(437	)	$	48	$	(374	)	$	(186	)
Interest rate swaps		264			123		955			(58	)
Total	$	(173	)	$	171	$	581		$	(244	)

The following table provides a summary of the impacts of derivative gain (loss) of our cash flow hedges on the Condensed Consolidated Statements of Operations and other comprehensive income (OCI):

		Three months ended September 30,						Nine months ended September 30,
(dollars in thousands)	Location	2019			2018			2019			2018
Derivative gain (loss) recognized into OCI:
Natural gas contracts	OCI	$	(330	)	$	179		$	(1,473	)	$	513
Interest rate swaps	OCI		(2,234	)		(998	)		(10,699	)		735
Total		$	(2,564	)	$	(819	)	$	(12,172	)	$	1,248

Derivative gain (loss) reclassified from accumulated OCI to current earnings:
Natural gas contracts	Cost of Sales	$	(438	)	$	48		$	(375	)	$	(186	)
Interest rate swaps	Interest expense		219			135			909			32
Total		$	(219	)	$	183		$	534		$	(154	)

Natural Gas Contracts

We use natural gas swap contracts related to forecasted future North American natural gas requirements. The objective of these commodity contracts is to limit the fluctuations in prices paid due to price movements in the underlying commodity. We consider our forecasted natural gas requirements in determining the quantity of natural gas to hedge. We combine the forecasts with historical observations to establish the percentage of forecast eligible to be hedged, typically ranging from

40

percent to

70

percent of our anticipated requirements,

18

months in the future, or more, depending on market conditions. The fair values of these instruments are determined from market quotes.

The following table presents the notional amount of our natural gas derivatives on the Condensed Consolidated Balance Sheets:

		Notional Amounts
Derivative Types	Unit of Measure	September 30, 2019		December 31, 2018
Natural gas contracts	Millions of British Thermal Units (MMBTUs)		2,890,000		3,150,000

Hedge accounting is applied only when the derivative is deemed to be highly effective at offsetting changes in fair values or anticipated cash flows of the hedged item or transaction. For hedged forecasted transactions, hedge accounting is discontinued if the forecasted transaction is

no

longer probable to occur, and any previously deferred gains or losses would be recorded to earnings immediately. Changes in the fair value of these hedges are recorded in other comprehensive income (loss). As the natural gas contracts mature, the accumulated gains (losses) for the respective contracts are reclassified from accumulated other comprehensive loss to current expense in cost of sales in our Condensed Consolidated Statement of Operations.

Based on our current valuation, we estimate that accumulated losses for natural gas contracts currently carried in accumulated other comprehensive loss that will be reclassified into earnings over the next

twelve

months will result in a loss of $

0.7

million in our Condensed Consolidated Statements of Operations.

Interest Rate Swaps

The table below lists the interest rate swaps we executed as part of our risk management strategy to mitigate the risks associated with the fluctuating interest rates under our Term Loan B. The interest rate swaps effectively convert a portion of our Term Loan B debt from a variable interest rate to a fixed interest rate, thus reducing the impact of interest rate changes on future income.

Swap execution date	Effective date	Expiration date	Notional amount	Fixed swap rate
April 1, 2015	January 11, 2016	January 9, 2020	$220.0 million		4.85	%
September 24, 2018	January 9, 2020	January 9, 2025	$200.0 million		6.19	% (1)

________________________

(

1

)

Upon refinancing our Term Loan B, the fixed interest rate will be

3.19

percent plus the new refinanced credit spread.

Our interest rate swaps are valued using the market standard methodology of netting the discounted expected future variable cash receipts and the discounted future fixed cash payments. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves.

Our interest rate swaps qualify and are designated as cash flow hedges at

September 30, 2019

, and are accounted for under FASB ASC

815,

"Derivatives and Hedging." Hedge accounting is applied only when the derivative is deemed to be highly effective at offsetting changes in fair values or anticipated cash flows of the hedged item or transaction. For hedged forecasted transactions, hedge accounting is discontinued if the forecasted transaction is

no

longer probable to occur, and any previously deferred gains or losses are recorded to earnings immediately. Changes in the fair value of these hedges are recorded in other comprehensive income (loss). Based on our current valuation, we estimate that accumulated losses currently carried in accumulated other comprehensive loss that will be reclassified into earnings over the next

twelve

months will result in an increase to interest expense of $

2.1

million in our Condensed Consolidated Statements of Operations.

Note 9 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

Comprehensive Income (Loss) Note [Text Block]

9.

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (AOCI), net of tax, is as follows:

Three months ended September 30, 2019 (dollars in thousands)	Foreign Currency Translation			Derivative Instruments				Pension and Other Post-retirement Benefits				Accumulated Other Comprehensive Loss
Balance on June 30, 2019	$	(23,537	)	$	(10,750	)		$	(86,012	)		$	(120,299	)

Amounts recognized into AOCI		(4,543	)		(2,564	)			—				(7,107	)
Currency impact		—			—				49				49
Amounts reclassified from AOCI		—			219		(1)		961		(2)		1,180
Tax effect		200			534				(220	)			514
Other comprehensive income (loss), net of tax		(4,343	)		(1,811	)			790				(5,364	)
Balance on September 30, 2019	$	(27,880	)	$	(12,561	)		$	(85,222	)		$	(125,663	)

Nine months ended September 30, 2019 (dollars in thousands)	Foreign Currency Translation			Derivative Instruments				Pension and Other Post-retirement Benefits				Accumulated Other Comprehensive Loss
Balance on December 31, 2018	$	(23,240	)	$	(2,866	)		$	(88,299	)		$	(114,405	)

Amounts recognized into AOCI		(4,832	)		(12,172	)			1,148				(15,856	)
Currency impact		—			—				(1	)			(1	)
Amounts reclassified from AOCI		—			(534	)	(1)		2,877		(2)		2,343
Tax effect		192			3,011				(947	)			2,256
Other comprehensive income (loss), net of tax		(4,640	)		(9,695	)			3,077				(11,258	)
Balance on September 30, 2019	$	(27,880	)	$	(12,561	)		$	(85,222	)		$	(125,663	)

Three months ended September 30, 2018 (dollars in thousands)	Foreign Currency Translation			Derivative Instruments				Pension and Other Post-retirement Benefits				Accumulated Other Comprehensive Loss
Balance on June 30, 2018	$	(19,242	)	$	2,018			$	(85,706	)		$	(102,930	)

Amounts recognized into AOCI		(2,707	)		(819	)			—				(3,526	)
Currency impact		—			—				(356	)			(356	)
Amounts reclassified from AOCI		—			(183	)	(1)		1,586		(2)		1,403
Tax effect		—			268				(356	)			(88	)
Other comprehensive income (loss), net of tax		(2,707	)		(734	)			874				(2,567	)
Balance on September 30, 2018	$	(21,949	)	$	1,284			$	(84,832	)		$	(105,497	)

Nine months ended September 30, 2018 (dollars in thousands)	Foreign Currency Translation			Derivative Instruments				Pension and Other Post-retirement Benefits				Accumulated Other Comprehensive Loss
Balance on December 31, 2017	$	(16,183	)	$	351			$	(89,340	)		$	(105,172	)

Cumulative-effect adjustment for the adoption of ASU 2017-12		—			(275	)			—				(275	)

Amounts recognized into AOCI		(5,766	)		1,248				1,527				(2,991	)
Currency impact		—			—				(316	)			(316	)
Amounts reclassified from AOCI		—			154		(1)		4,756		(2)		4,910
Tax effect		—			(194	)			(1,459	)			(1,653	)
Other comprehensive income (loss), net of tax		(5,766	)		1,208				4,508				(50	)
Balance on September 30, 2018	$	(21,949	)	$	1,284			$	(84,832	)		$	(105,497	)

_________________________

(

1

)

We reclassified natural gas contracts through cost of sales and the interest rate swaps through interest expense on the Condensed Consolidated Statements of Operations. See

note

8

for additional information.

(

2

)

We reclassified the net pension and non-pension post-retirement benefits amortization and settlement charges through other income (expense) on the Condensed Consolidated Statements of Operations. See

note

6

for additional information.

Note 10 - Segments

9 Months Ended

Sep. 30, 2019

Segment Reporting Disclosure [Text Block]

10.

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 U.S. and Canada; Latin America; Europe, the Middle East and Africa (EMEA); and Other. Segment results are based primarily 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.

U.S. & Canada—includes sales of manufactured and sourced tableware having an end-market destination in the U.S and Canada, excluding glass products for Original Equipment Manufacturers (OEM), which remain in the Latin America segment.

Latin America—includes primarily sales of manufactured and sourced glass tableware having an end-market destination in Latin America, as well as glass products for OEMs regardless of end–market destination.

EMEA—includes primarily sales of manufactured and sourced glass tableware having an end-market destination in Europe, the Middle East and Africa.

Other—includes primarily 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. Segment EBIT also includes an allocation of manufacturing costs for inventory produced at a Libbey facility that is located in a region other than the end market in which the inventory is sold. This allocation can fluctuate from year to year based on the relative demands for products produced in regions other than the end markets in which they are sold. 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)	2019			2018			2019			2018
Net Sales:
U.S. & Canada	$	119,351		$	115,304		$	358,154		$	351,719
Latin America		35,308			35,406			103,917			110,029
EMEA		31,736			33,289			92,456			103,712
Other		6,023			6,776			19,015			20,762
Consolidated	$	192,418		$	190,775		$	573,542		$	586,222

Segment EBIT:
U.S. & Canada	$	9,038		$	7,538		$	36,102		$	25,620
Latin America		4,363			1,727			8,199			11,310
EMEA		931			1,358			3,644			4,984
Other		(174	)		852			(2,495	)		383
Total Segment EBIT	$	14,158		$	11,475		$	45,450		$	42,297

Reconciliation of Segment EBIT to Net Loss:
Segment EBIT	$	14,158		$	11,475		$	45,450		$	42,297
Retained corporate costs		(7,391	)		(6,683	)		(23,597	)		(21,929	)
Impairment of goodwill and other intangible assets ( note 16 )		—			—			(46,881	)		—
Fees associated with strategic initiative		—			(2,341	)		—			(2,341	)
Organizational realignment		(3,017	)		—			(3,017	)		—
Interest expense		(5,699	)		(5,652	)		(17,210	)		(16,192	)
Provision for income taxes		(1,508	)		(1,758	)		(6,511	)		(5,767	)
Net loss	$	(3,457	)	$	(4,959	)	$	(51,766	)	$	(3,932	)

Depreciation & Amortization:
U.S. & Canada	$	2,928		$	3,850		$	9,275		$	10,289
Latin America		3,719			4,208			11,336			13,412
EMEA		1,781			1,835			5,186			5,784
Other		747			992			2,522			3,615
Corporate		368			385			1,146			1,289
Consolidated	$	9,543		$	11,270		$	29,465		$	34,389

Capital Expenditures:
U.S. & Canada	$	1,380		$	6,101		$	7,304		$	18,830
Latin America		6,130			3,718			13,852			8,885
EMEA		511			1,619			4,249			4,362
Other		67			129			367			391
Corporate		515			2,207			1,131			2,655
Consolidated	$	8,603		$	13,774		$	26,903		$	35,123

Note 11 - Revenue

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Text Block]

11.

Revenue

Our primary source of revenue is the sale of glass tableware products manufactured within a Libbey facility as well as globally sourced tabletop products, including glassware, ceramicware, metalware and others. Adjustments related to revenue recognized in prior periods was

not

material for the

three

months and

nine

months ended

September 30, 2019

and

2018

. There were

no

material contract assets, contract liabilities or deferred contract costs recorded on the Condensed Consolidated Balance Sheets as of

September 30, 2019

and

December 31, 2018

.

Disaggregation of Revenue:

The following table presents our net sales disaggregated by business channel:

	Three months ended September 30,				Nine months ended September 30,
(dollars in thousands)	2019		2018		2019		2018
Foodservice	$	73,217	$	73,625	$	231,033	$	242,992
Retail		64,713		63,325		180,508		180,756
Business-to-business		54,488		53,825		162,001		162,474
Consolidated	$	192,418	$	190,775	$	573,542	$	586,222

Each operating segment has revenues across all our business channels. Each channel has a different marketing strategy, customer base and product composition. For all periods presented, over

75

percent of each segment's revenue is derived from the following business channels: U.S. and Canada from foodservice and retail; Latin America from retail and business-to-business; and EMEA from business-to-business and retail.

Note 12 - Fair Value

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Text Block]

12.

Fair Value

Fair value is the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the inputs used in measuring fair value into

three

broad levels as follows:

	•	Level 1 — Quoted prices in active markets for identical assets or liabilities;
	•	Level 2 — Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
	•	Level 3 — Unobservable inputs based on our own assumptions.

The fair value of our derivative financial instruments by level is as follows:

	Fair Value at										Fair Value at
Asset / (Liability)	September 30, 2019										December 31, 2018
(dollars in thousands)	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Commodity futures natural gas contracts	$	—	$	(833	)	$	—	$	(833	)	$	—	$	265		$	—	$	265
Interest rate swaps		—		(15,896	)		—		(15,896	)		—		(4,288	)		—		(4,288	)
Net derivative asset (liability)	$	—	$	(16,729	)	$	—	$	(16,729	)	$	—	$	(4,023	)	$	—	$	(4,023	)

The fair values of our commodity futures natural gas contracts are determined using observable market inputs. The fair value of our interest rate swaps is based on the market standard methodology of netting the discounted expected future variable cash receipts and the discounted future fixed cash payments. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves. Since these inputs are observable in active markets over the terms that the instruments are held, the derivatives are classified as Level

2

in the hierarchy. We also evaluate Company and counterparty risk in determining fair values. The commodity futures natural gas contracts and interest rate swaps are hedges of either recorded assets or liabilities or anticipated transactions. Changes in values of the underlying hedged assets and liabilities or anticipated transactions are

not

reflected in the above table.

Financial instruments carried at cost on the Condensed Consolidated Balance Sheets, as well as the related fair values, are as follows:

	Fair Value	September 30, 2019				December 31, 2018
(dollars in thousands)	Hierarchy Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Term Loan B	Level 2	$	376,900	$	280,791	$	380,200	$	362,141

The fair value of our Term Loan B has been calculated based on quoted market prices for the same or similar issues, and the fair value of our ABL Facility approximates carrying value due to variable rates. The fair value of our cash and cash equivalents, accounts receivable and accounts payable approximate their carrying value due to their short-term nature.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note 13 - Leases

9 Months Ended

Sep. 30, 2019

Lessee, Operating Leases [Text Block]

13.

Leases

Globally, we lease certain warehouses, office space, showrooms, manufacturing and office equipment, automobiles and outlet stores. Many of the real estate leases contain

one

or more options to renew, with renewal options that can extend the lease term from

one

to

20

years or more. The exercise of lease renewal options is at our discretion and is

not

reasonably certain at lease commencement. Most of our equipment leases have a lease term of

two

to

eight

years with limited renewal options. However,

one

class of equipment has a lease term of

15

years with annual renewal options thereafter. Generally, the longer term lease agreements contain escalating lease payments or are adjusted periodically for inflation.

At

September 30, 2019

, the weighted-average remaining lease term was

6.5

years, and the weighted-average discount rate was

4.06

percent. Upon adoption of the new lease standard, discount rates used for existing leases were established at

January 1, 2019.

The following table presents the lease costs and supplemental cash flow information related to our operating leases:

(dollars in thousands)	Three months ended September 30, 2019		Nine months ended September 30, 2019
Operating lease costs	$	3,900	$	11,833
Short-term lease costs (1)		1,010		2,828
Total lease costs	$	4,910	$	14,661

(

1

)

Includes variable lease costs which are immaterial.

Cash paid for operating leases included in the measurement of lease liabilities		$	11,718
ROU assets obtained in exchange for lease liabilities		$	73,058

The following table reconciles the undiscounted cash flows to the operating lease liabilities recorded on the balance sheet:

(dollars in thousands)	September 30, 2019
2019 (remainder of year)	$	3,913
2020		14,295
2021		10,923
2022		9,694
2023		9,058
2024 and thereafter		23,577
Total minimum lease payments		71,460
Less: interest		(8,670	)
Present value of future minimum lease payments		62,790
Less: lease liabilities (current portion)		(12,465	)
Noncurrent lease liabilities	$	50,325

As presented in our

2018

Form

10

-K, the future minimum rental commitments under ASC

840

for non-cancelable operating leases as of

December 31, 2018

, was as follows (dollars in thousands):

					2024 and
2019	2020	2021	2022	2023	thereafter
$15,407	$13,787	$10,339	$9,143	$8,551	$20,755

Note 14 - Other Income (Expense)

9 Months Ended

Sep. 30, 2019

Other Income and Other Expense Disclosure [Text Block]

14.

Other Income (Expense)

Items included in other income (expense) in the Condensed Consolidated Statements of Operations are as follows:

	Three months ended September 30,						Nine months ended September 30,
(dollars in thousands)	2019			2018			2019			2018
Gain (loss) on currency transactions	$	810		$	(1,294	)	$	(539	)	$	(282	)
Pension and non-pension benefits, excluding service cost		(375	)		(295	)		(1,146	)		(878	)
Other non-operating income (expense)		(89	)		136			(173	)		180
Other income (expense)	$	346		$	(1,453	)	$	(1,858	)	$	(980	)

Note 15 - Contingencies	9 Months Ended
Note 15 - Contingencies	Sep. 30, 2019
Notes to Financial Statements
Contingencies Disclosure [Text Block]	15. Contingencies Legal Proceedings From time to time we are identified as a "potentially responsible party" (PRP) under the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA) and/or similar state laws that impose liability without regard to fault for costs and damages relating to the investigation and cleanup of contamination resulting from releases or threatened releases of hazardous substances. We are also subject to similar laws in some of the countries where our facilities are located. Our environmental, health and safety department monitors compliance with applicable laws on a global basis. Although we cannot predict the ultimate outcome of these proceedings, we believe that these environmental proceedings will not have a material adverse impact on our financial condition, results of operations or liquidity. There were no significant changes to our environmental legal proceedings since December 31, 2018 . Please refer to Part II, Item 8. "Financial Statements and Supplementary Data," note 17, Contingencies, included in our 2018 Annual Report on Form 10 -K for a more complete discussion. Income Taxes The Company and its subsidiaries are subject to examination by various countries' tax authorities. These examinations may lead to proposed or assessed adjustments to our taxes. Please refer to note 5 , Income Taxes, for a detailed discussion on tax contingencies.

Note 16 - Purchased Intangible Assets and Goodwill

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Text Block]

16.

Purchased Intangible Assets and Goodwill

Purchased Intangibles

Changes in purchased intangibles balances are as follows:

(dollars in thousands)	Nine months ended September 30, 2019
Beginning balance December 31, 2018	$	13,385
Amortization		(522	)
Impairment (see below)		(900	)
Foreign currency impact		(95	)
Ending balance September 30, 2019	$	11,868

Purchased intangible assets are composed of the following:

(dollars in thousands)	September 30, 2019		December 31, 2018
Indefinite life intangible assets	$	11,080	$	12,035
Definite life intangible assets, net of accumulated amortization of $20,388 and $20,006		788		1,350
Total	$	11,868	$	13,385

Indefinite life intangible assets are composed of trade names and trademarks that have an indefinite life and are therefore individually tested for impairment on an annual basis, or more frequently in certain circumstances where impairment indicators arise, in accordance with FASB ASC

350.

Our on-going assessment of goodwill as of

June 30, 2019

resulted in the need to test Libbey Holland's indefinite life intangible asset (Royal Leerdam

®

trade name) for impairment. We used a relief from royalty method to determine the fair market value that was compared to the carrying value of the indefinite life intangible asset. The sales forecast for Royal Leerdam

®

branded product was lowered due to declining performance of mid-tier retailers as consumers in EMEA move to discount and on-line retailers. As a result, the estimated fair value was determined to be lower than the carrying value, and we recorded a non-cash impairment charge of

$0.9

million during the

second

quarter of

2019

in our EMEA reporting segment. The inputs used for this analysis are considered Level

3

inputs in the fair value hierarchy (see

note

12

).

The remaining definite life intangible assets at

September 30, 2019

consist of customer relationships that are amortized over a period of

20

years and have a weighted average remaining life of

5.3

years. Amortization expense for definite life intangible assets was

$0.5

million for the

nine

months ended

September 30, 2019

. The future annual amortization expense remains unchanged from the Form

10

-K for the year ended

December 31, 2018

.

Goodwill

Changes in goodwill balances are as follows:

(dollars in thousands)	U.S. & Canada			Latin America			Total
Beginning balance December 31, 2018:
Goodwill	$	43,872		$	125,681		$	169,553
Accumulated impairment losses		(5,441	)		(79,700	)		(85,141	)
Net beginning balance		38,431			45,981			84,412
Impairment (see below)		—			(45,981	)		(45,981	)
Ending balance September 30, 2019:
Goodwill		43,872			125,681			169,553
Accumulated impairment losses		(5,441	)		(125,681	)		(131,122	)
Net ending balance	$	38,431		$	—		$	38,431

As part of our on-going assessment of goodwill at

June 30, 2019,

we determined that a triggering event occurred due to the Company's market capitalization being less than the carrying value, resulting from the significant decline in the Company's share price during the quarter. Thus, an interim impairment test was performed as of

June 30, 2019.

Additionally, during

the

second

quarter, management

updated its long-range plan; the updated plan contemplates lower sales and profitability within the Mexico reporting unit (within the Latin America reporting segment) as compared to the projections used in the most recent goodwill impairment testing performed as of

October 1, 2018.

As the impairment testing indicated that the carrying value of the Mexico reporting unit exceeded its fair value, we recorded a non-cash impairment charge of

$46.0

million during the

second

quarter of

2019.

After recording the impairment charge, there is

no

longer any goodwill on the balance sheet related to the Mexico acquisition.

When performing our test for impairment, we measured each reporting unit's fair value using a combination of "income" and "market" approaches on a shipping point basis. The income approach calculates the fair value of the reporting unit based on a discounted cash flow analysis, incorporating the weighted average cost of capital of a hypothetical

third

-party buyer. Significant estimates in the income approach include the following: discount rate; expected financial outlook and profitability of the reporting unit's business; and foreign currency impacts (all Level

3

inputs in the fair value hierarchy). Discount rates use the weighted average cost of capital for companies within our peer group, adjusted for specific company risk premium factors. The market approach uses the "Guideline Company" method, which calculates the fair value of the reporting unit based on a comparison of the reporting unit to comparable publicly traded companies. Significant estimates in the market approach model include identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment, assessing comparable multiples, as well as consideration of control premiums (Level

2

inputs). The blended approach assigns a

70

percent weighting to the income approach and

30

percent to the market approach (Level

3

input). The higher weighting is given to the income approach due to some limitations of publicly available peer information used in the market approach. The blended fair value of both approaches is then compared to the carrying value, and to the extent that fair value exceeds the carrying value,

no

impairment exists. However, to the extent the carrying value exceeds the fair value, an impairment is recorded.

As of the

June 30, 2019

testing date, the estimated fair value of our other reporting unit that has goodwill exceeded its carrying value, by approximately

40

percent, and is in the U.S. and Canada reporting segment.

Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Libbey Inc. and its majority-owned subsidiaries (collectively, Libbey or the Company) have been prepared in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP) for interim financial information and with the instructions to Form

10

-Q and Item

10

of Regulation S-

X.

Accordingly, they do

not

include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the

three

month and

nine

month periods ended

September 30, 2019

, are

not

necessarily indicative of the results that

may

be expected for the year ending

December

31,

2019.

The balance sheet at

December 31, 2018

, has been derived from the audited financial statements at that date but does

not

include all of the information and footnotes required by U.S. GAAP for complete financial statements. The financial information included herein should be read in conjunction with our Consolidated Financial Statements in Item

8

of our Form

10

-K for the year ended

December 31, 2018

.

Internal Use Software, Policy [Policy Text Block]

Software

We account for software in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC)

350.

Software represents the costs of internally developed and/or purchased software for internal use. Capitalized costs include software packages, installation and internal labor costs of employees devoted to the software development project. Costs incurred to modify existing software, providing significant enhancements and creating additional functionality are also capitalized. Once a project is complete, we estimate the useful life of the internal-use software, generally amortizing these costs over a

3

to

10

year period. Software is classified on the balance sheet in property, plant and equipment, and the related cash flows are shown as cash outflows from investing activities.

Cloud Computing Arrangements, Policy [Policy Text Block]

Cloud Computing Arrangements

We account for implementation costs for software that we gain access to in hosted cloud computing arrangements in accordance with FASB ASC

350.

Capitalized costs of hosted cloud computing arrangements include configuration, installation, other upfront costs and internal labor costs of employees devoted to the cloud computing software implementation project. Once a project is complete, amortization is computed using the straight-line method over the term of the associated hosting arrangement, generally

3

to

10

years. In connection with our adoption of Accounting Standards Update (ASU)

2018

-

15

on

January 1, 2019,

these implementation costs are now classified on the balance sheet in prepaid and other current assets and other assets, and the related cash flows are presented as cash outflows from operations. Prior to

January 1, 2019,

implementation costs were included in property, plant and equipment, and the related cash flows were shown as cash outflows from investing activities. See

New Accounting Standards - Adopted

below. Our cloud computing arrangements primarily relate to our new global enterprise resource planning (ERP) system. At

September 30, 2019

, the net book value of these implementation costs included $

0.3

million in prepaid and other current assets and $

6.0

million in other assets on the Condensed Consolidated Balance Sheet. Amortization expense for the

three

and

nine

-month periods were both immaterial.

Lessee, Leases [Policy Text Block]

Leases

We determine if an arrangement is a lease at inception. As of

January 1, 2019,

operating leases are included in operating lease right-of-use (ROU) assets, current operating lease liabilities and noncurrent operating lease liabilities in our balance sheet; related payments are included in operating activities on the statement of cash flows. We currently do

not

have any finance leases; but, if we do in the future, we will include them in property, plant and equipment, long-term debt due within

one

year and long-term debt within our balance sheet.

ROU assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term.

When our leases do

not

provide an implicit rate, we use our incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments. We give consideration to our secured borrowing rates as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates.

The operating lease ROU asset also includes any lease prepayments made before commencement or in advance of the payment due date. Our lease terms

may

include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Leases with a term of

12

months or less (short-term leases) are

not

recorded on the balance sheet. Our lease agreements do

not

contain any residual value guarantees or material restrictive covenants. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Variable lease costs represent the incremental change in lease payments associated with an indexed rate (i.e. Consumers Price Index), and these costs are

not

included in the lease liability on the balance sheet because they are unknown at commencement date.

We have lease agreements with lease and non-lease components. Non-lease components for real estate leases relate primarily to common area maintenance, insurance, taxes and utilities associated with the properties. For real estate leases and a limited class of equipment leases, we account for the lease and non-lease components separately. Non-lease components are

not

recorded on the balance sheet as a ROU asset and lease liability and are

not

included in lease costs. For all other equipment leases, we account for the lease and non-lease components as a single lease component.

See

New Accounting Standards - Adopted

below for the adoption impact of this lease accounting standard.

Share-based Payment Arrangement [Policy Text Block]

Stock-Based Compensation Expense

Stock-based compensation expense charged to the Condensed Consolidated Statements of Operations is as follows:

	Three months ended September 30,				Nine months ended September 30,
(dollars in thousands)	2019		2018		2019		2018
Stock-based compensation expense	$	953	$	671	$	2,888	$	2,127

New Accounting Pronouncements, Policy [Policy Text Block]

New Accounting Standards - Adopted

Each change to U.S. GAAP is established by the FASB in the form of an ASU to the FASB’s ASC. We consider the applicability and impact of all ASUs. ASUs

not

listed below were assessed and either were determined to be

not

applicable or are expected to have minimal impact on the Company’s Condensed Consolidated Financial Statements.

In

February 2016,

the FASB issued ASU

2016

-

02,

Leases

(Topic

842

), which requires a lessee to recognize on the balance sheet ROU assets and corresponding liabilities for both finance and operating leases with lease terms greater than

12

months. On

January 1, 2019,

we adopted this standard using the optional transition method of applying the modified retrospective approach at our adoption date. Under this method, previously reported comparative periods prior to

2019

have

not

been restated. We have elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our prior conclusions on existing contracts for lease identification, lease classification and initial direct costs. In addition, for most of our classes of equipment leases, we elected the practical expedient to

not

separate lease and non-lease components. We also made an accounting policy election to keep leases with a term of

12

months or less off of the balance sheet for all classes of underlying assets. At adoption, we had operating leases which resulted in us recognizing operating ROU assets and lease liabilities on the balance sheet of approximately

$69

million. The adoption of this ASU did

not

have a material impact on our condensed consolidated results of operations or cash flows, and there was

no

cumulative effect adjustment to retained earnings. The new standard also required additional disclosures which are included in

note

13

.

On

January 1, 2019,

we early adopted ASU

2018

-

15,

Intangibles-Goodwill and Other-Internal-Use Software

(Subtopic

350

-

40

):

Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract

. This standard aligns the requirements for capitalizing implementation costs in a cloud computing arrangement service contract with the requirements for capitalizing implementation costs incurred for internal-use software. The new guidance also prescribes the balance sheet, income statement and cash flow classification of the capitalized implementation costs and related amortization expense, and requires additional quantitative and qualitative disclosures. Prior to

January 1, 2019,

implementation costs for cloud computing arrangements were capitalized into property, plant and equipment and amortized on a straight-line basis. Upon adoption of this new standard, we reclassed

$2.8

million from construction in progress within property, plant, and equipment to other assets. When implementation projects are completed and amortization of capitalized costs begins, a portion is recorded in prepaids and other current assets. Results and disclosures for reporting periods beginning on or after

January 1, 2019,

are presented under the new guidance within ASU

2018

-

15,

while prior period amounts and disclosures are

not

adjusted and continue to be reported in accordance with our previous accounting.

New Accounting Standards -

Not

Yet Adopted

In

June 2016,

the FASB issued ASU

2016

-

13,

Financial Instruments - Credit Losses

(Topic

326

):

Measurement of Credit Losses on Financial Instruments

. This standard introduces a new approach to estimating credit losses on certain types of financial instruments, including trade receivables, and modifies the impairment model for available-for-sale debt securities. ASU

2016

-

13

is effective for fiscal years beginning after

December 15, 2019,

including interim periods within those fiscal years, with early applica

tion permitted. In

October

of

2019,

the FASB approved a delayed effective date for Smaller Reporting Company filers; thus, our effective date is now for fiscal years beginning after

December 15, 2022,

including interim periods within those fiscal years.

Although we are still evaluating the impact of this standard, we believe it will

not

have a material impact on our Condensed Consolidated Financial Statements.

Income Tax, Policy [Policy Text Block]

For interim tax reporting, we estimate our annual effective tax rate and apply it to our year-to-date ordinary income. Tax jurisdictions with a projected or year-to-date loss for which a tax benefit cannot be realized are excluded from the annualized effective tax rate. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, are reported in the interim period in which they occur.

Earnings Per Share, Policy [Policy Text Block]

When applicable, diluted shares outstanding is calculated using the weighted-average number of common shares outstanding plus the dilutive effects of equity-based compensation outstanding during the period using the treasury stock method.

Derivatives, Policy [Policy Text Block]

We utilize derivative financial instruments to hedge certain interest rate risks associated with our long-term debt and commodity price risks associated with forecasted future natural gas requirements. These derivatives qualify for hedge accounting since the hedges are highly effective, and we have designated and documented contemporaneously the hedging relationships involving these derivative instruments. While we intend to continue to meet the conditions for hedge accounting, if hedges do

not

qualify as highly effective or if we do

not

believe that forecasted transactions would occur, the changes in the fair value of the derivatives used as hedges would be reflected in our earnings. Our contracts with counterparties generally contain right of offset provisions. These provisions effectively reduce our exposure to credit risk in situations where the Company has gain and loss positions outstanding with a single counterparty. It is our policy to offset on the Condensed Consolidated Balance Sheets the amounts recognized for derivative instruments executed with the same counterparty under a master netting agreement.

Segment Reporting, Policy [Policy Text Block]

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 U.S. and Canada; Latin America; Europe, the Middle East and Africa (EMEA); and Other. Segment results are based primarily 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.

U.S. & Canada—includes sales of manufactured and sourced tableware having an end-market destination in the U.S and Canada, excluding glass products for Original Equipment Manufacturers (OEM), which remain in the Latin America segment.

Latin America—includes primarily sales of manufactured and sourced glass tableware having an end-market destination in Latin America, as well as glass products for OEMs regardless of end–market destination.

EMEA—includes primarily sales of manufactured and sourced glass tableware having an end-market destination in Europe, the Middle East and Africa.

Other—includes primarily 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. Segment EBIT also includes an allocation of manufacturing costs for inventory produced at a Libbey facility that is located in a region other than the end market in which the inventory is sold. This allocation can fluctuate from year to year based on the relative demands for products produced in regions other than the end markets in which they are sold. 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.

Fair Value of Financial Instruments, Policy [Policy Text Block]

The fair values of our commodity futures natural gas contracts are determined using observable market inputs. The fair value of our interest rate swaps is based on the market standard methodology of netting the discounted expected future variable cash receipts and the discounted future fixed cash payments. The variable cash receipts are based on an expectation of future interest rates derived from observed market interest rate forward curves. Since these inputs are observable in active markets over the terms that the instruments are held, the derivatives are classified as Level

2

in the hierarchy. We also evaluate Company and counterparty risk in determining fair values. The commodity futures natural gas contracts and interest rate swaps are hedges of either recorded assets or liabilities or anticipated transactions. Changes in values of the underlying hedged assets and liabilities or anticipated transactions are

not

reflected in the above table.

Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

Indefinite life intangible assets are composed of trade names and trademarks that have an indefinite life and are therefore individually tested for impairment on an annual basis, or more frequently in certain circumstances where impairment indicators arise, in accordance with FASB ASC

350.

Our on-going assessment of goodwill as of

June 30, 2019

resulted in the need to test Libbey Holland's indefinite life intangible asset (Royal Leerdam

®

trade name) for impairment. We used a relief from royalty method to determine the fair market value that was compared to the carrying value of the indefinite life intangible asset.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

When performing our test for impairment, we measured each reporting unit's fair value using a combination of "income" and "market" approaches on a shipping point basis. The income approach calculates the fair value of the reporting unit based on a discounted cash flow analysis, incorporating the weighted average cost of capital of a hypothetical

third

-party buyer. Significant estimates in the income approach include the following: discount rate; expected financial outlook and profitability of the reporting unit's business; and foreign currency impacts (all Level

3

inputs in the fair value hierarchy). Discount rates use the weighted average cost of capital for companies within our peer group, adjusted for specific company risk premium factors. The market approach uses the "Guideline Company" method, which calculates the fair value of the reporting unit based on a comparison of the reporting unit to comparable publicly traded companies. Significant estimates in the market approach model include identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment, assessing comparable multiples, as well as consideration of control premiums (Level

2

inputs). The blended approach assigns a

70

percent weighting to the income approach and

30

percent to the market approach (Level

3

input). The higher weighting is given to the income approach due to some limitations of publicly available peer information used in the market approach. The blended fair value of both approaches is then compared to the carrying value, and to the extent that fair value exceeds the carrying value,

no

impairment exists. However, to the extent the carrying value exceeds the fair value, an impairment is recorded.

Note 2 - Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

	Three months ended September 30,				Nine months ended September 30,
(dollars in thousands)	2019		2018		2019		2018
Stock-based compensation expense	$	953	$	671	$	2,888	$	2,127

Note 3 - Balance Sheet Details (Tables)

9 Months Ended

Sep. 30, 2019

Condensed Balance Sheet [Table Text Block]

(dollars in thousands)	September 30, 2019		December 31, 2018
Accounts receivable:
Trade receivables	$	89,202	$	82,521
Other receivables		1,543		1,456
Total accounts receivable, less allowances of $9,577 and $8,538	$	90,745	$	83,977

Inventories:
Finished goods	$	177,789	$	175,074
Work in process		1,433		1,363
Raw materials		4,243		4,026
Repair parts		10,282		10,116
Operating supplies		1,922		1,524
Total inventories, less loss provisions of $7,342 and $9,453	$	195,669	$	192,103

Accrued liabilities:
Accrued incentives	$	22,621	$	19,359
Other accrued liabilities		25,812		24,369
Total accrued liabilities	$	48,433	$	43,728

Note 4 - Borrowings (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Debt [Table Text Block]

			September 30,		December 31,
(dollars in thousands)	Interest Rate	Maturity Date	2019		2018
Borrowings under ABL Facility	floating (2)	December 7, 2022 (1)	$	41,014	$	19,868
Term Loan B	floating (3)	April 9, 2021		376,900		380,200
Total borrowings				417,914		400,068
Less — unamortized discount and finance fees				1,608		2,368
Total borrowings — net				416,306		397,700
Less — long term debt due within one year				4,400		4,400
Total long-term portion of borrowings — net			$	411,906	$	393,300

Note 6 - Pension and Non-pension Post-retirement Benefits (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Net Benefit Costs [Table Text Block]

Three months ended September 30,	U.S. Plans						Non-U.S. Plans						Total
(dollars in thousands)	2019			2018			2019			2018			2019			2018
Service cost	$	783		$	1,003		$	256		$	289		$	1,039		$	1,292
Interest cost		3,382			3,154			761			755			4,143			3,909
Expected return on plan assets		(5,194	)		(5,665	)		—			—			(5,194	)		(5,665	)
Amortization of unrecognized:
Prior service cost (credit)		—			—			(49	)		(51	)		(49	)		(51	)
Actuarial loss		1,087			1,618			102			158			1,189			1,776
Pension expense	$	58		$	110		$	1,070		$	1,151		$	1,128		$	1,261

Nine months ended September 30,	U.S. Plans						Non-U.S. Plans						Total
(dollars in thousands)	2019			2018			2019			2018			2019			2018
Service cost	$	2,349		$	3,007		$	775		$	865		$	3,124		$	3,872
Interest cost		10,146			9,461			2,302			2,259			12,448			11,720
Expected return on plan assets		(15,580	)		(16,994	)		—			—			(15,580	)		(16,994	)
Amortization of unrecognized:
Prior service cost (credit)		—			1			(150	)		(152	)		(150	)		(151	)
Actuarial loss		3,262			4,854			310			471			3,572			5,325
Pension expense	$	177		$	329		$	3,237		$	3,443		$	3,414		$	3,772

Three months ended September 30,	U.S. Plans						Non-U.S. Plans						Total
(dollars in thousands)	2019			2018			2019			2018			2019			2018
Service cost	$	110		$	151		$	1		$	1		$	111		$	152
Interest cost		459			456			6			9			465			465
Amortization of unrecognized:
Prior service (credit)		(71	)		(71	)		—			—			(71	)		(71	)
Actuarial (gain)		(94	)		(52	)		(14	)		(16	)		(108	)		(68	)
Non-pension post-retirement benefit expense	$	404		$	484		$	(7	)	$	(6	)	$	397		$	478

Nine months ended September 30,	U.S. Plans						Non-U.S. Plans						Total
(dollars in thousands)	2019			2018			2019			2018			2019			2018
Service cost	$	332		$	453		$	1		$	1		$	333		$	454
Interest cost		1,377			1,367			24			29			1,401			1,396
Amortization of unrecognized:
Prior service (credit)		(212	)		(212	)		—			—			(212	)		(212	)
Actuarial (gain)		(282	)		(157	)		(51	)		(49	)		(333	)		(206	)
Non-pension post-retirement benefit expense	$	1,215		$	1,451		$	(26	)	$	(19	)	$	1,189		$	1,432

Note 7 - Net Loss Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three months ended September 30,						Nine months ended September 30,
(dollars in thousands, except earnings per share)	2019			2018			2019			2018
Numerator for earnings per share:
Net loss that is available to common shareholders	$	(3,457	)	$	(4,959	)	$	(51,766	)	$	(3,932	)

Denominator for basic earnings per share:
Weighted average shares outstanding		22,484,158			22,222,827			22,403,253			22,162,237

Denominator for diluted earnings per share:
Effect of stock options and restricted stock units		—			—			—			—
Adjusted weighted average shares and assumed conversions		22,484,158			22,222,827			22,403,253			22,162,237

Basic loss per share	$	(0.15	)	$	(0.22	)	$	(2.31	)	$	(0.18	)

Diluted loss per share	$	(0.15	)	$	(0.22	)	$	(2.31	)	$	(0.18	)

Anti-dilutive shares excluded from computation of diluted loss per share		1,925,173			1,270,680			1,776,055			1,230,244

Note 8 - Derivatives (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Derivative Assets and Liabilities at Fair Value [Table Text Block]

		Fair Value of Derivative Assets
(dollars in thousands)	Balance Sheet Location	September 30, 2019		December 31, 2018
Interest rate swaps	Prepaid and other current assets	$	—	$	1,425
Natural gas contracts	Prepaid and other current assets		—		226
Natural gas contracts	Other assets		—		39
Total derivative assets		$	—	$	1,690

		Fair Value of Derivative Liabilities
Interest rate swaps	Accrued liabilities	$	2,139	$	—
Interest rate swaps	Other long-term liabilities		13,757		5,713
Natural gas contracts	Accrued liabilities		727		—
Natural gas contracts	Other long-term liabilities		106		—
Total derivative liabilities		$	16,729	$	5,713

Schedule of Derivative Instruments [Table Text Block]

	Three months ended September 30,					Nine months ended September 30,
(dollars in thousands)	2019			2018		2019			2018
Natural gas contracts	$	(437	)	$	48	$	(374	)	$	(186	)
Interest rate swaps		264			123		955			(58	)
Total	$	(173	)	$	171	$	581		$	(244	)

Derivative Instruments, Gain (Loss) [Table Text Block]

		Three months ended September 30,						Nine months ended September 30,
(dollars in thousands)	Location	2019			2018			2019			2018
Derivative gain (loss) recognized into OCI:
Natural gas contracts	OCI	$	(330	)	$	179		$	(1,473	)	$	513
Interest rate swaps	OCI		(2,234	)		(998	)		(10,699	)		735
Total		$	(2,564	)	$	(819	)	$	(12,172	)	$	1,248

Derivative gain (loss) reclassified from accumulated OCI to current earnings:
Natural gas contracts	Cost of Sales	$	(438	)	$	48		$	(375	)	$	(186	)
Interest rate swaps	Interest expense		219			135			909			32
Total		$	(219	)	$	183		$	534		$	(154	)

Interest Rate Swap [Member]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Swap execution date	Effective date	Expiration date	Notional amount	Fixed swap rate
April 1, 2015	January 11, 2016	January 9, 2020	$220.0 million		4.85	%
September 24, 2018	January 9, 2020	January 9, 2025	$200.0 million		6.19	% (1)

Natural Gas Contracts [Member]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

		Notional Amounts
Derivative Types	Unit of Measure	September 30, 2019		December 31, 2018
Natural gas contracts	Millions of British Thermal Units (MMBTUs)		2,890,000		3,150,000

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details

Note 9 - Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Three months ended September 30, 2019 (dollars in thousands)	Foreign Currency Translation			Derivative Instruments				Pension and Other Post-retirement Benefits				Accumulated Other Comprehensive Loss
Balance on June 30, 2019	$	(23,537	)	$	(10,750	)		$	(86,012	)		$	(120,299	)

Amounts recognized into AOCI		(4,543	)		(2,564	)			—				(7,107	)
Currency impact		—			—				49				49
Amounts reclassified from AOCI		—			219		(1)		961		(2)		1,180
Tax effect		200			534				(220	)			514
Other comprehensive income (loss), net of tax		(4,343	)		(1,811	)			790				(5,364	)
Balance on September 30, 2019	$	(27,880	)	$	(12,561	)		$	(85,222	)		$	(125,663	)

Nine months ended September 30, 2019 (dollars in thousands)	Foreign Currency Translation			Derivative Instruments				Pension and Other Post-retirement Benefits				Accumulated Other Comprehensive Loss
Balance on December 31, 2018	$	(23,240	)	$	(2,866	)		$	(88,299	)		$	(114,405	)

Amounts recognized into AOCI		(4,832	)		(12,172	)			1,148				(15,856	)
Currency impact		—			—				(1	)			(1	)
Amounts reclassified from AOCI		—			(534	)	(1)		2,877		(2)		2,343
Tax effect		192			3,011				(947	)			2,256
Other comprehensive income (loss), net of tax		(4,640	)		(9,695	)			3,077				(11,258	)
Balance on September 30, 2019	$	(27,880	)	$	(12,561	)		$	(85,222	)		$	(125,663	)

Three months ended September 30, 2018 (dollars in thousands)	Foreign Currency Translation			Derivative Instruments				Pension and Other Post-retirement Benefits				Accumulated Other Comprehensive Loss
Balance on June 30, 2018	$	(19,242	)	$	2,018			$	(85,706	)		$	(102,930	)

Amounts recognized into AOCI		(2,707	)		(819	)			—				(3,526	)
Currency impact		—			—				(356	)			(356	)
Amounts reclassified from AOCI		—			(183	)	(1)		1,586		(2)		1,403
Tax effect		—			268				(356	)			(88	)
Other comprehensive income (loss), net of tax		(2,707	)		(734	)			874				(2,567	)
Balance on September 30, 2018	$	(21,949	)	$	1,284			$	(84,832	)		$	(105,497	)

Nine months ended September 30, 2018 (dollars in thousands)	Foreign Currency Translation			Derivative Instruments				Pension and Other Post-retirement Benefits				Accumulated Other Comprehensive Loss
Balance on December 31, 2017	$	(16,183	)	$	351			$	(89,340	)		$	(105,172	)

Cumulative-effect adjustment for the adoption of ASU 2017-12		—			(275	)			—				(275	)

Amounts recognized into AOCI		(5,766	)		1,248				1,527				(2,991	)
Currency impact		—			—				(316	)			(316	)
Amounts reclassified from AOCI		—			154		(1)		4,756		(2)		4,910
Tax effect		—			(194	)			(1,459	)			(1,653	)
Other comprehensive income (loss), net of tax		(5,766	)		1,208				4,508				(50	)
Balance on September 30, 2018	$	(21,949	)	$	1,284			$	(84,832	)		$	(105,497	)

Note 10 - Segments (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three months ended September 30,						Nine months ended September 30,
(dollars in thousands)	2019			2018			2019			2018
Net Sales:
U.S. & Canada	$	119,351		$	115,304		$	358,154		$	351,719
Latin America		35,308			35,406			103,917			110,029
EMEA		31,736			33,289			92,456			103,712
Other		6,023			6,776			19,015			20,762
Consolidated	$	192,418		$	190,775		$	573,542		$	586,222

Segment EBIT:
U.S. & Canada	$	9,038		$	7,538		$	36,102		$	25,620
Latin America		4,363			1,727			8,199			11,310
EMEA		931			1,358			3,644			4,984
Other		(174	)		852			(2,495	)		383
Total Segment EBIT	$	14,158		$	11,475		$	45,450		$	42,297

Reconciliation of Segment EBIT to Net Loss:
Segment EBIT	$	14,158		$	11,475		$	45,450		$	42,297
Retained corporate costs		(7,391	)		(6,683	)		(23,597	)		(21,929	)
Impairment of goodwill and other intangible assets ( note 16 )		—			—			(46,881	)		—
Fees associated with strategic initiative		—			(2,341	)		—			(2,341	)
Organizational realignment		(3,017	)		—			(3,017	)		—
Interest expense		(5,699	)		(5,652	)		(17,210	)		(16,192	)
Provision for income taxes		(1,508	)		(1,758	)		(6,511	)		(5,767	)
Net loss	$	(3,457	)	$	(4,959	)	$	(51,766	)	$	(3,932	)

Depreciation & Amortization:
U.S. & Canada	$	2,928		$	3,850		$	9,275		$	10,289
Latin America		3,719			4,208			11,336			13,412
EMEA		1,781			1,835			5,186			5,784
Other		747			992			2,522			3,615
Corporate		368			385			1,146			1,289
Consolidated	$	9,543		$	11,270		$	29,465		$	34,389

Capital Expenditures:
U.S. & Canada	$	1,380		$	6,101		$	7,304		$	18,830
Latin America		6,130			3,718			13,852			8,885
EMEA		511			1,619			4,249			4,362
Other		67			129			367			391
Corporate		515			2,207			1,131			2,655
Consolidated	$	8,603		$	13,774		$	26,903		$	35,123

Note 11 - Revenue (Tables)

9 Months Ended

Sep. 30, 2019

Disaggregation of Revenue [Table Text Block]

	Three months ended September 30,				Nine months ended September 30,
(dollars in thousands)	2019		2018		2019		2018
Foodservice	$	73,217	$	73,625	$	231,033	$	242,992
Retail		64,713		63,325		180,508		180,756
Business-to-business		54,488		53,825		162,001		162,474
Consolidated	$	192,418	$	190,775	$	573,542	$	586,222

Note 12 - Fair Value (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Fair Value at										Fair Value at
Asset / (Liability)	September 30, 2019										December 31, 2018
(dollars in thousands)	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Commodity futures natural gas contracts	$	—	$	(833	)	$	—	$	(833	)	$	—	$	265		$	—	$	265
Interest rate swaps		—		(15,896	)		—		(15,896	)		—		(4,288	)		—		(4,288	)
Net derivative asset (liability)	$	—	$	(16,729	)	$	—	$	(16,729	)	$	—	$	(4,023	)	$	—	$	(4,023	)

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

	Fair Value	September 30, 2019				December 31, 2018
(dollars in thousands)	Hierarchy Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Term Loan B	Level 2	$	376,900	$	280,791	$	380,200	$	362,141

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Note 13 - Leases (Tables)

9 Months Ended

Sep. 30, 2019

Lease, Cost [Table Text Block]

(dollars in thousands)	Three months ended September 30, 2019		Nine months ended September 30, 2019
Operating lease costs	$	3,900	$	11,833
Short-term lease costs (1)		1,010		2,828
Total lease costs	$	4,910	$	14,661

Cash paid for operating leases included in the measurement of lease liabilities		$	11,718
ROU assets obtained in exchange for lease liabilities		$	73,058

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

(dollars in thousands)	September 30, 2019
2019 (remainder of year)	$	3,913
2020		14,295
2021		10,923
2022		9,694
2023		9,058
2024 and thereafter		23,577
Total minimum lease payments		71,460
Less: interest		(8,670	)
Present value of future minimum lease payments		62,790
Less: lease liabilities (current portion)		(12,465	)
Noncurrent lease liabilities	$	50,325

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

					2024 and
2019	2020	2021	2022	2023	thereafter
$15,407	$13,787	$10,339	$9,143	$8,551	$20,755

Note 14 - Other Income (Expense) (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Other Nonoperating Income (Expense) [Table Text Block]

	Three months ended September 30,						Nine months ended September 30,
(dollars in thousands)	2019			2018			2019			2018
Gain (loss) on currency transactions	$	810		$	(1,294	)	$	(539	)	$	(282	)
Pension and non-pension benefits, excluding service cost		(375	)		(295	)		(1,146	)		(878	)
Other non-operating income (expense)		(89	)		136			(173	)		180
Other income (expense)	$	346		$	(1,453	)	$	(1,858	)	$	(980	)

Note 16 - Purchased Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Changes in Acquired Intangible Assets [Table Text Block]

(dollars in thousands)	Nine months ended September 30, 2019
Beginning balance December 31, 2018	$	13,385
Amortization		(522	)
Impairment (see below)		(900	)
Foreign currency impact		(95	)
Ending balance September 30, 2019	$	11,868

Schedule of Acquired Intangible Assets [Table Text Block]

(dollars in thousands)	September 30, 2019		December 31, 2018
Indefinite life intangible assets	$	11,080	$	12,035
Definite life intangible assets, net of accumulated amortization of $20,388 and $20,006		788		1,350
Total	$	11,868	$	13,385

Schedule of Goodwill [Table Text Block]

(dollars in thousands)	U.S. & Canada			Latin America			Total
Beginning balance December 31, 2018:
Goodwill	$	43,872		$	125,681		$	169,553
Accumulated impairment losses		(5,441	)		(79,700	)		(85,141	)
Net beginning balance		38,431			45,981			84,412
Impairment (see below)		—			(45,981	)		(45,981	)
Ending balance September 30, 2019:
Goodwill		43,872			125,681			169,553
Accumulated impairment losses		(5,441	)		(125,681	)		(131,122	)
Net ending balance	$	38,431		$	—		$	38,431

Note 1 - Description of the Business (Details Textual)	Sep. 30, 2019
Number of Countries in which Entity Operates	5
UNITED STATES
Number of Glass Tableware Manufacturing Facilities	2
Minimum [Member]
Number of Countries in which Entity Sales Products	100

Note 2 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Finite-Lived Intangible Asset, Useful Life	20 years
Operating Lease, Right-of-Use Asset	$ 62,052
Property, Plant and Equipment, Net, Ending Balance	249,734		264,960
Operating Lease, Liability, Total	62,790
Other Assets, Noncurrent, Total	14,670		$ 7,660
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 69,000
Operating Lease, Liability, Total		69,000
Accounting Standards Update 2018-15 [Member]
Property, Plant and Equipment, Net, Ending Balance		(2,800)
Other Assets, Noncurrent, Total		$ 2,800
Prepaid Expenses and Other Current Assets [Member]
Capitalized Computer Software Implementation Costs	300
Other Assets [Member]
Capitalized Computer Software Implementation Costs	$ 6,000
Computer Software, Intangible Asset [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Computer Software, Intangible Asset [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	10 years
Cloud Computing Arrangements [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Cloud Computing Arrangements [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	10 years

Note 2 - Significant Accounting Policies - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock-based compensation expense	$ 953	$ 671	$ 2,888	$ 2,127

Note 3 - Balance Sheet Details - Selected Balance Sheet Items (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Trade receivables	$ 89,202	$ 82,521
Other receivables	1,543	1,456
Total accounts receivable, less allowances of $9,577 and $8,538	90,745	83,977
Inventories:
Finished goods	177,789	175,074
Work in process	1,433	1,363
Raw materials	4,243	4,026
Repair parts	10,282	10,116
Operating supplies	1,922	1,524
Total inventories, less loss provisions of $7,342 and $9,453	195,669	192,103
Accrued liabilities:
Accrued incentives	22,621	19,359
Other accrued liabilities	25,812	24,369
Total accrued liabilities	$ 48,433	$ 43,728

Note 3 - Balance Sheet Details - Selected Balance Sheet Items (Details) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Allowance for accounts receivable	$ 9,577	$ 8,538
Inventory loss provisions	$ 7,342	$ 9,453

Note 4 - Borrowings (Details Textual) - USD ($) $ in Thousands	Jun. 17, 2019	Sep. 30, 2019	Dec. 31, 2018
Libbey Glass and Europe [Member] \| Asset-backed Loan Facility [Member]
Long-term Debt, Weighted Average Interest Rate, at Point in Time		2.91%
Line of Credit Facility, Maximum Borrowing Capacity		$ 100,000
Line of Credit Facility, Remaining Borrowing Capacity		49,400	$ 71,600
Libbey Glass and Europe [Member] \| Asset-backed Loan Facility [Member] \| Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		15,000
Long-term Line of Credit, Total		$ 9,600
Libbey Glass [Member] \| Term Loan B [Member]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		5.04%
Subsidiary, Crisa Libbey Mexico S. de R.L. de C.V. [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 3,000
Long-term Line of Credit, Total		$ 0
Subsidiary, Crisa Libbey Mexico S. de R.L. de C.V. [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	3.20%

Note 4 - Borrowings - Borrowings (Details) - USD ($)
$ in Thousands

9 Months Ended

Sep. 30, 2019

Dec. 31, 2018

Total borrowings

$ 417,914

$ 400,068

Less — unamortized discount and finance fees

1,608

2,368

Total borrowings — net

416,306

397,700

Less — long term debt due within one year

4,400

Total long-term portion of borrowings — net

$ 411,906

393,300

Borrowing Under ABL Facility [Member]

Interest Rate

^[1]

floating

Maturity Date

^[2]

Dec. 07, 2022

Total borrowings

^[1],[2]

$ 41,014

19,868

Term Loan B [Member]

Interest Rate

^[3]

floating

Maturity Date

Apr. 09, 2021

Total borrowings

^[3]

$ 376,900

$ 380,200

[1]	The interest rate for the ABL Facility is comprised of several different borrowings at various rates. The weighted average rate of all ABL Facility borrowings was 2.91 percent at September 30, 2019.
[2]	Maturity date will be January 9, 2021, if Term Loan B is not refinanced by this date.
[3]	We have entered into interest rate swaps that effectively fix a series of our future interest payments on a portion of the Term Loan B debt. See interest rate swaps in note 8 for additional details. The Term Loan B floating interest rate was 5.04 percent at September 30, 2019.

Note 5 - Income Taxes (Details Textual) $ in Millions, $ in Billions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Aug. 31, 2016 USD ($)	Aug. 31, 2016 MXN ($)
Effective Income Tax Rate Reconciliation, Percent, Total	(14.40%)	314.30%
Mexican Tax Authority [Member] \| Tax Year 2010 [Member]
Number of Subsidiaries In a Tax Assessment			1	1
Administrative Assessment Amount from Tax Administration Service			$ 157	$ 3

Note 6 - Pension and Non-pension Post-retirement Benefits (Details Textual) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019 USD ($)	Sep. 30, 2019 USD ($)
Defined Benefit Pension Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 0.8	$ 2.5
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	0.9	0.9
Non-Pension Post-retirement Benefit Plans [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	0.8	4.3
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 5.2	$ 5.2

Note 6 - Pension and Non-pension Post-retirement Benefits - Components of Pension Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Pension Plan [Member]
Service cost	$ 1,039	$ 1,292	$ 3,124	$ 3,872
Interest cost	4,143	3,909	12,448	11,720
Expected return on plan assets	(5,194)	(5,665)	(15,580)	(16,994)
Prior service cost (credit)	(49)	(51)	(150)	(151)
Actuarial (gain) loss	1,189	1,776	3,572	5,325
Pension expense	1,128	1,261	3,414	3,772
Defined Benefit Pension Plan [Member] \| UNITED STATES
Service cost	783	1,003	2,349	3,007
Interest cost	3,382	3,154	10,146	9,461
Expected return on plan assets	(5,194)	(5,665)	(15,580)	(16,994)
Prior service cost (credit)				1
Actuarial (gain) loss	1,087	1,618	3,262	4,854
Pension expense	58	110	177	329
Defined Benefit Pension Plan [Member] \| Foreign Plan [Member]
Service cost	256	289	775	865
Interest cost	761	755	2,302	2,259
Expected return on plan assets
Prior service cost (credit)	(49)	(51)	(150)	(152)
Actuarial (gain) loss	102	158	310	471
Pension expense	1,070	1,151	3,237	3,443
Non-Pension Post-retirement Benefit Plans [Member]
Service cost	111	152	333	454
Interest cost	465	465	1,401	1,396
Prior service cost (credit)	(71)	(71)	(212)	(212)
Actuarial (gain) loss	(108)	(68)	(333)	(206)
Pension expense	397	478	1,189	1,432
Non-Pension Post-retirement Benefit Plans [Member] \| UNITED STATES
Service cost	110	151	332	453
Interest cost	459	456	1,377	1,367
Prior service cost (credit)	(71)	(71)	(212)	(212)
Actuarial (gain) loss	(94)	(52)	(282)	(157)
Pension expense	404	484	1,215	1,451
Non-Pension Post-retirement Benefit Plans [Member] \| Foreign Plan [Member]
Service cost	1	1	1	1
Interest cost	6	9	24	29
Prior service cost (credit)
Actuarial (gain) loss	(14)	(16)	(51)	(49)
Pension expense	$ (7)	$ (6)	$ (26)	$ (19)

Note 7 - Net Loss per Share of Common Stock - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator for earnings per share:
Net loss that is available to common shareholders	$ (3,457)	$ (4,959)	$ (51,766)	$ (3,932)
Denominator for basic earnings per share:
Weighted average shares outstanding (in shares)	22,484,158	22,222,827	22,403,253	22,162,237
Denominator for diluted earnings per share:
Effect of stock options and restricted stock units (in shares)
Adjusted weighted average shares and assumed conversions (in shares)	22,484,158	22,222,827	22,403,253	22,162,237
Basic loss per share (in dollars per share)	$ (0.15)	$ (0.22)	$ (2.31)	$ (0.18)
Diluted loss per share (in dollars per share)	$ (0.15)	$ (0.22)	$ (2.31)	$ (0.18)
Anti-dilutive shares excluded from computation of diluted loss per share (in shares)	1,925,173	1,270,680	1,776,055	1,230,244

Note 8 - Derivatives (Details Textual) $ in Millions	9 Months Ended
Note 8 - Derivatives (Details Textual) $ in Millions	Sep. 30, 2019 USD ($)
Derivative, Fixed Interest Rate Excluding Credit Spread	3.19%
Cash Flow Hedging [Member] \| Natural Gas Contracts [Member]
Maximum Length of Time Hedged in Cash Flow Hedge	1 year 180 days
Cash Flow Hedge Loss to be Reclassified within Twelve Months	$ 0.7
Cash Flow Hedging [Member] \| Interest Rate Swaps [Member] \| Interest Expense [Member]
Cash Flow Hedge Loss to be Reclassified within Twelve Months	$ 2.1
Minimum [Member] \| Cash Flow Hedging [Member] \| Natural Gas Contracts [Member]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Coverage	40.00%
Maximum [Member] \| Cash Flow Hedging [Member] \| Natural Gas Contracts [Member]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Coverage	70.00%

Note 8 - Derivatives - Fair Value of Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair value, derivative asset		$ 1,690
Fair value, derivative liabilities	16,729	5,713
Interest Rate Swap [Member] \| Designated as Hedging Instrument [Member] \| Accrued Liabilities [Member]
Fair value, derivative liabilities	2,139
Interest Rate Swap [Member] \| Designated as Hedging Instrument [Member] \| Prepaid Expenses and Other Current Assets [Member]
Fair value, derivative asset		1,425
Interest Rate Swap [Member] \| Designated as Hedging Instrument [Member] \| Other Noncurrent Liabilities [Member]
Fair value, derivative liabilities	13,757	5,713
Natural Gas Contracts [Member] \| Designated as Hedging Instrument [Member] \| Accrued Liabilities [Member]
Fair value, derivative liabilities	727
Natural Gas Contracts [Member] \| Designated as Hedging Instrument [Member] \| Prepaid Expenses and Other Current Assets [Member]
Fair value, derivative asset		226
Natural Gas Contracts [Member] \| Designated as Hedging Instrument [Member] \| Other Noncurrent Liabilities [Member]
Fair value, derivative liabilities	106
Natural Gas Contracts [Member] \| Designated as Hedging Instrument [Member] \| Other Assets [Member]
Fair value, derivative asset		$ 39

Note 8 - Derivatives - Cash Settlements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative, Additional Cash Settlements Received (Paid) on Hedge	$ (173)	$ 171	$ 581	$ (244)
Cash Flow Hedging [Member] \| Natural Gas Contracts [Member]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	(437)	48	(374)	(186)
Cash Flow Hedging [Member] \| Interest Rate Swap [Member]
Derivative, Additional Cash Settlements Received (Paid) on Hedge	$ 264	$ 123	$ 955	$ (58)

Note 8 - Derivatives - Summary of gains (losses) recognized in Statement of Operations and AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative gain (loss) reclassified from accumulated OCI to current earnings	$ (219)	$ 183	$ 534	$ (154)
Cash Flow Hedging [Member] \| Other Comprehensive Income (Loss) [Member] \| Designated as Hedging Instrument [Member]
Derivative gain (loss) recognized into OCI	(2,564)	(819)	(12,172)	1,248
Cash Flow Hedging [Member] \| Other Comprehensive Income (Loss) [Member] \| Designated as Hedging Instrument [Member] \| Natural Gas Contracts [Member]
Derivative gain (loss) recognized into OCI	(330)	179	(1,473)	513
Cash Flow Hedging [Member] \| Other Comprehensive Income (Loss) [Member] \| Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Derivative gain (loss) recognized into OCI	(2,234)	(998)	(10,699)	735
Cash Flow Hedging [Member] \| Cost of Sales [Member] \| Designated as Hedging Instrument [Member] \| Natural Gas Contracts [Member]
Derivative gain (loss) reclassified from accumulated OCI to current earnings	(438)	48	(375)	(186)
Cash Flow Hedging [Member] \| Interest Expense [Member] \| Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Derivative gain (loss) reclassified from accumulated OCI to current earnings	$ 219	$ 135	$ 909	$ 32

Note 8 - Derivatives - Natural Gas Contracts (Details) - MMBTU	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Cash Flow Hedging [Member] \| Natural Gas Contracts [Member]
Derivative, nonmonetary notional amount (Millions of British Thermal Unit)	2,890,000	3,150,000

Note 8 - Derivatives - Interest Rate Swaps (Details) - Interest Rate Swap [Member] - USD ($)
$ in Millions

Sep. 24, 2018

Apr. 01, 2015

Derivative, notional amount

$ 200

$ 220

Derivative, fixed interest rate

6.19%

^[1]

4.85%

[1]	Upon refinancing our Term Loan B, the fixed interest rate will be 3.19 percent plus the new refinanced credit spread.

Note 9 - Accumulated Other Comprehensive Income (Loss) - Schedule of AOCI (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2019

Jun. 30, 2019

Mar. 31, 2019

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Sep. 30, 2019

Sep. 30, 2018

$ (2,671)

$ 43,661

$ 49,893

$ 69,122

$ 68,055

$ 66,894

$ 49,893

$ 66,894

(5,364)

(3,591)

(2,303)

(2,567)

(4,041)

6,558

(11,258)

(50)

Accumulated Foreign Currency Adjustment Attributable to Parent [Member]

(10,548)

(2,671)

43,661

62,169

69,122

68,055

(10,548)

62,169

(23,537)

(23,240)

(19,242)

(16,183)

(23,240)

(16,183)

(4,543)

(2,707)

(4,832)

(5,766)

200

192

Cumulative-effect adjustment for the adoption of ASU 2017-12

(4,343)

(2,707)

(4,640)

(5,766)

Derivative Instruments [Member]

(27,880)

(23,537)

(21,949)

(19,242)

(27,880)

(21,949)

(10,750)

(2,866)

2,018

351

(2,866)

351

(2,564)

(819)

(12,172)

1,248

^[1]

219

(183)

(534)

154

534

268

3,011

(194)

Cumulative-effect adjustment for the adoption of ASU 2017-12

(1,811)

(734)

(9,695)

1,208

(275)

Pension and Other Post-retirement Benefits [Member]

(12,561)

(10,750)

1,284

2,018

(12,561)

1,284

(86,012)

(88,299)

(85,706)

(89,340)

(88,299)

(89,340)

1,148

1,527

49

(356)

(1)

(316)

^[2]

961

1,586

2,877

4,756

(220)

(356)

(947)

(1,459)

Cumulative-effect adjustment for the adoption of ASU 2017-12

790

874

3,077

4,508

AOCI Attributable to Parent [Member]

(85,222)

(86,012)

(84,832)

(85,706)

(85,222)

(84,832)

(120,299)

(116,708)

(114,405)

(102,930)

(98,889)

(105,172)

(114,405)

(105,172)

(7,107)

(3,526)

(15,856)

(2,991)

49

(356)

(1)

(316)

1,180

1,403

2,343

4,910

514

(88)

2,256

(1,653)

Cumulative-effect adjustment for the adoption of ASU 2017-12

(5,364)

(3,591)

(2,303)

(2,567)

(4,041)

6,558

(11,258)

(50)

(275)