LCUT on Nasdaq
LIFETIME BRANDS, INC
American cutlery company based in Wilmington, incorporated in Delaware. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerLCUT on Nasdaq2
- IndustryCutlery, Handtools & General Hardware2
- HeadquartersWilmington, United States2
- Incorporated inDE3
- Business address1000 Stewart Avenue, Garden City, Ny 115303
- Filer categoryAccelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI549300GS38DC0OHLYK322
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O THE PRENTICE-HALL CORPORATION SYSTEM, INC., 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 20241222
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The Company designs, sources and sells branded kitchenware, tableware and other home solution products used in the home and markets its products under a number of widely-recognized brand names and trademarks, which are either owned or licensed by the Company or through retailers’ private labels and their licensed brands. The Company’s products, which are targeted primarily towards consumers purchasing moderately priced kitchenware, tableware and housewares, are sold through virtually every major level of trade. The Company generally markets several lines within each of its product categories under more than one brand. The Company sells its products directly to retailers (who may resell the Company’s products through their websites) and, to a lesser extent, to distributors. The Company also sells a limited selection of its products directly to consumers through its own websites.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
37.1%Gross margin5
-1.5%Operating margin5
-4.2%Net margin5
-5.1%Revenue growth, 20255
-13.3%Return on equity5
0.67×Debt to equity5
$3.3MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
United States brought in 91% of the revenue LIFETIME BRANDS, INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $633.1M | $627.2M | $591.2M |
| International Operations | $53.6M | $55.8M | $56.7M |
Regions
United States brought in 88% of the revenue LIFETIME BRANDS, INC broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $599.1M | $599.5M | $572.2M |
| Rest of World | $52.6M | $47.9M | $42.5M |
| United Kingdoms | $35.0M | $35.6M | $33.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue63¢$407.2M
- Selling, general and admin22¢$142.4M
- Other costs15¢$95.0M
- Income tax1¢$3.3M
Out of $647.9M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending54¢$4.4M
- Dividends paid46¢$3.8M
Out of $7.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $647.9M | $683.0M | $686.7M |
| Cost of sales | $407.2M | $422.2M | $432.0M |
| Gross margin | $240.7M | $260.7M | $254.6M |
| Distribution expenses | $74.1M | $73.8M | $69.2M |
| Selling, general and administrative expenses | $142.4M | $159.8M | $152.6M |
| Goodwill impairment | $33.2M | $0 | $0 |
| Restructuring expenses | $328.0K | $0 | $856.0K |
| (Loss) income from operations | -$9.4M | $27.1M | $31.9M |
| Interest expense | -$20.0M | -$22.2M | -$21.7M |
| Mark to market loss on interest rate derivatives | -$754.0K | -$466.0K | -$499.0K |
| Gain on extinguishments of debt, net | $0 | $0 | $761.0K |
| Loss on equity securities | $0 | -$14.2M | $0 |
| (Loss) income before income taxes and equity in losses | -$30.2M | -$9.7M | $10.5M |
| Income tax benefit (provision) | $3.3M | -$3.3M | -$6.2M |
| Equity in losses, net of taxes | $0 | -$2.1M | -$12.7M |
| NET LOSS | -$26.9M | -$15.2M | -$8.4M |
| BASIC LOSS PER COMMON SHARE (usd per share) | -$1.24 | -$0.71 | -$0.40 |
| DILUTED LOSS PER COMMON SHARE (usd per share) | -$1.24 | -$0.71 | -$0.40 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.3M | $2.9M | ||
| Accounts receivable, less allowances of $11,970 at December 31, 2025 and $14,093 at December 31, 2024 | $161.9M | $156.7M | ||
| Inventory | $194.0M | $202.4M | ||
| Prepaid expenses and other current assets | $12.1M | $11.5M | ||
| Income taxes receivable | $1.6M | $0 | ||
| TOTAL CURRENT ASSETS | $373.9M | $373.6M | ||
| PROPERTY AND EQUIPMENT, net | $15.4M | $15.0M | ||
| OPERATING LEASE RIGHT-OF-USE ASSETS | $48.5M | $59.6M | ||
| INTANGIBLE ASSETS, net | $132.9M | $183.5M | $199.1M | $213.9M |
| OTHER ASSETS | $1.8M | $2.6M | ||
| TOTAL ASSETS | $572.6M | $634.3M | ||
| Current maturity of term loan | $5.0M | $4.9M | ||
| Accounts payable | $45.8M | $60.0M | ||
| Accrued expenses | $64.3M | $70.8M | ||
| Income taxes payable | $0 | $830.0K | ||
| Current portion of operating lease liabilities | $16.1M | $15.1M | ||
| TOTAL CURRENT LIABILITIES | $131.3M | $151.7M | ||
| OTHER LONG-TERM LIABILITIES | $14.3M | $16.0M | ||
| INCOME TAXES PAYABLE, LONG-TERM | $686.0K | $706.0K | ||
| OPERATING LEASE LIABILITIES | $42.4M | $56.7M | ||
| DEFERRED INCOME TAXES | $1.6M | $5.6M | ||
| REVOLVING CREDIT FACILITY | $54.1M | $42.7M | ||
| TERM LOAN | $125.9M | $130.9M | ||
| Preferred stock, $1.00 par value, shares authorized: 100 shares of Series A and 2,000,000 shares of Series B; none issued and outstanding | $0 | $0 | ||
| Common stock, $0.01 par value, shares authorized: 50,000,000 at December 31, 2025 and 2024; shares issued and outstanding: 22,654,207 at December 31, 2025 and 22,155,735 at December 31, 2024 | $227.0K | $222.0K | ||
| Paid-in capital | $283.4M | $280.6M | ||
| Accumulated deficit | -$63.4M | -$32.5M | ||
| Accumulated other comprehensive loss | -$18.0M | -$18.3M | ||
| TOTAL STOCKHOLDERS EQUITY | $202.3M | $229.9M | $230.9M | $240.1M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $572.6M | $634.3M | ||
| Accounts receivable, allowances | $12.0M | $14.1M | ||
| Common stock, par value (usd per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued (in shares) | 22.7M shares | 22.2M shares | ||
| Common stock, shares outstanding (in shares) | 22.7M shares | 22.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.3M | $2.9M | ||
| Accounts receivable, less allowances of $11,970 at December 31, 2025 and $14,093 at December 31, 2024 | $161.9M | $156.7M | ||
| Inventory | $194.0M | $202.4M | ||
| Prepaid expenses and other current assets | $12.1M | $11.5M | ||
| Income taxes receivable | $1.6M | $0 | ||
| TOTAL CURRENT ASSETS | $373.9M | $373.6M | ||
| PROPERTY AND EQUIPMENT, net | $15.4M | $15.0M | ||
| OPERATING LEASE RIGHT-OF-USE ASSETS | $48.5M | $59.6M | ||
| INTANGIBLE ASSETS, net | $132.9M | $183.5M | $199.1M | $213.9M |
| OTHER ASSETS | $1.8M | $2.6M | ||
| TOTAL ASSETS | $572.6M | $634.3M | ||
| Current maturity of term loan | $5.0M | $4.9M | ||
| Accounts payable | $45.8M | $60.0M | ||
| Accrued expenses | $64.3M | $70.8M | ||
| Income taxes payable | $0 | $830.0K | ||
| Current portion of operating lease liabilities | $16.1M | $15.1M | ||
| TOTAL CURRENT LIABILITIES | $131.3M | $151.7M | ||
| OTHER LONG-TERM LIABILITIES | $14.3M | $16.0M | ||
| INCOME TAXES PAYABLE, LONG-TERM | $686.0K | $706.0K | ||
| OPERATING LEASE LIABILITIES | $42.4M | $56.7M | ||
| DEFERRED INCOME TAXES | $1.6M | $5.6M | ||
| REVOLVING CREDIT FACILITY | $54.1M | $42.7M | ||
| TERM LOAN | $125.9M | $130.9M | ||
| Preferred stock, $1.00 par value, shares authorized: 100 shares of Series A and 2,000,000 shares of Series B; none issued and outstanding | $0 | $0 | ||
| Common stock, $0.01 par value, shares authorized: 50,000,000 at December 31, 2025 and 2024; shares issued and outstanding: 22,654,207 at December 31, 2025 and 22,155,735 at December 31, 2024 | $227.0K | $222.0K | ||
| Paid-in capital | $283.4M | $280.6M | ||
| Accumulated deficit | -$63.4M | -$32.5M | ||
| Accumulated other comprehensive loss | -$18.0M | -$18.3M | ||
| TOTAL STOCKHOLDERS EQUITY | $202.3M | $229.9M | $230.9M | $240.1M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $572.6M | $634.3M | ||
| Accounts receivable, allowances | $12.0M | $14.1M | ||
| Common stock, par value (usd per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued (in shares) | 22.7M shares | 22.2M shares | ||
| Common stock, shares outstanding (in shares) | 22.7M shares | 22.2M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$26.9M | -$15.2M | -$8.4M |
| Depreciation and amortization | $21.8M | $22.3M | $19.6M |
| Goodwill impairment | $33.2M | $0 | $0 |
| Amortization of financing costs | $2.8M | $2.9M | $2.0M |
| Gain on disposition of fixed assets | -$94.0K | $0 | $0 |
| Mark to market loss on interest rate derivatives | $754.0K | $466.0K | $499.0K |
| Operating leases, net | -$2.3M | -$2.0M | -$1.9M |
| Provision for doubtful accounts | $1.1M | $950.0K | $2.1M |
| Deferred income taxes | -$4.0M | -$2.0M | -$2.1M |
| Stock compensation expense | $3.3M | $3.9M | $3.7M |
| Equity in losses, net of taxes | $0 | $2.1M | $12.7M |
| Contingent consideration fair value adjustment | $0 | $0 | -$650.0K |
| Gain on extinguishments of debt, net | $0 | $0 | -$761.0K |
| Loss on equity securities | $0 | $14.2M | $0 |
| Accounts receivable | -$4.9M | -$3.2M | -$15.0M |
| Inventory | $11.2M | -$14.6M | $35.4M |
| Prepaid expenses, other current assets and other assets | -$779.0K | $5.2M | -$1.8M |
| Accounts payable, accrued expenses and other liabilities | -$25.1M | $4.2M | $10.8M |
| Income taxes receivable | -$1.6M | $0 | $0 |
| Income taxes payable | -$879.0K | -$592.0K | $298.0K |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | $7.6M | $18.6M | $56.4M |
| Purchases of property and equipment | -$4.4M | -$2.2M | -$2.8M |
| Net proceeds from sale of property | $94.0K | $0 | $0 |
| NET CASH USED IN INVESTING ACTIVITIES | -$4.3M | -$2.2M | -$2.8M |
| Proceeds from revolving credit facility | $318.1M | $268.2M | $162.4M |
| Repayments of revolving credit facility | -$308.5M | -$285.3M | -$113.5M |
| Proceeds from Term Loan | $0 | $0 | $56.0M |
| Repayments of Term Loan | -$7.5M | -$7.5M | -$149.5M |
| Payment of financing costs | $0 | $0 | -$9.5M |
| Payments for finance lease obligations | -$45.0K | -$45.0K | -$27.0K |
| Payments of tax withholding for stock based compensation | -$416.0K | -$1.1M | -$537.0K |
| Payments for stock repurchase | $0 | $0 | -$2.5M |
| Cash dividends paid | -$3.8M | -$3.8M | -$3.7M |
| NET CASH USED IN FINANCING ACTIVITIES | -$2.2M | -$29.5M | -$61.1M |
| Effect of foreign exchange on cash | $203.0K | -$112.0K | $23.0K |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $1.3M | -$13.3M | -$7.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led LIFETIME BRANDS, INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerLarry Sklute May 2, 2012 to May 2, 201214
- Chief executive officerJeffrey Siegel May 4, 2006 to Jun 23, 201715
- ChairRonald Shittan May 2, 2012 to May 2, 201216
- ChairLarry Sklute Dec 21, 2012 to Jun 15, 201517
- ChairJeffrey Siegel May 4, 2006 to Jan 4, 202315
- PresidentDaniel Siegel Aug 11, 2009 to now18
- PresidentJeffrey Siegel Nov 18, 2008 to Nov 18, 200819
- PresidentCraig Phillips Mar 12, 2007 to May 9, 200720
- PresidentAlan Kanter May 9, 2007 to May 9, 200721
- PresidentEvan Miller May 9, 2007 to Jun 6, 200722
- Chief financial officerLaurence Winoker Jul 9, 2007 to now23
- Chief operating officerRonald Shittan Nov 13, 2008 to Mar 14, 201924
Board members and other officers (30)
- EVP, Global Supply ChainClifford Siegel Jun 21, 2012 to Jun 12, 201525
- Executive Vice PresidentDaniel Siegel May 11, 2010 to May 9, 201326
- Pres of Dinnerware & GlasswareGlenn Simon Jul 30, 2009 to Mar 21, 201427
- Vice chairRonald Shittan Nov 13, 2008 to Mar 14, 201924
- Sr VP Distrbn, Secretary, DirCraig Phillips May 4, 2006 to Sep 3, 201428
- President of Sales and Exec VPEvan Miller May 4, 2006 to Jun 12, 201529
- Pres Kitchenware Div, Sr VPLarry Sklute May 4, 2006 to Dec 9, 201130
- Pres Cut,Bakewre Div, Exec VPRobert Reichenbach May 4, 2006 to Nov 15, 201331
- Executive Vice PresidentAlan Kanter May 8, 2006 to Apr 7, 200932
- ControllerEdward Virgona Jun 12, 2006 to May 9, 200733
- Assoc Gen'l Counsel/Asst SectySara Shindel Jun 12, 2006 to May 17, 200734
- Board memberJeffrey Herbert Evans Jan 27, 2025 to now35
- Board memberRachael Jarosh Jan 29, 2020 to now36
- Board memberVeronique Gabai-Pinsky Jun 26, 2020 to now37
- Board memberMichael Schnabel Mar 6, 2018 to now38
- Board memberBruce G. Pollack Mar 12, 2018 to now39
- Board memberSara Genster Robling Jan 12, 2016 to Jul 2, 201840
- Board memberDennis E. Reaves Nov 12, 2013 to Jul 1, 201941
- Board memberJeffrey Siegel Apr 11, 2012 to now42
- Board memberMichael J. Regan Jun 14, 2012 to now43
- Board memberRonald Shittan Nov 13, 2008 to Apr 5, 201924
- Board memberJohn Koegel Nov 14, 2008 to Jun 27, 202244
- Board memberDavid E. R. Dangoor Aug 10, 2007 to May 24, 201645
- Board memberCraig Phillips May 4, 2006 to now28
- Board memberCherrie Nanninga Jun 12, 2006 to now46
- Board memberMichael J. Jeary Jun 12, 2006 to Dec 5, 201947
- Board memberSheldon Misher Jun 12, 2006 to Jun 9, 200848
- Board memberWilliam U. Westerfield Jun 12, 2006 to Aug 17, 201849
- Board memberFiona P. Dias Nov 14, 2006 to Jun 8, 200750
- General counselSara Shindel Nov 12, 2008 to Jun 11, 201551
Former names
- LIFETIME HOAN CORPNov 14, 1996 to Jun 15, 20053
Timeline
Filings
199 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 36 major events, 93 insider forms, 10 large holders, 40 other. The latest 20:
- Sep 9, 20264 EDGAR
- Sep 8, 2026144 EDGAR
- Sep 2, 2026144 EDGAR
- Sep 2, 20264 EDGAR
- Aug 31, 2026144 EDGAR
- Aug 26, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 24, 2026144 EDGAR
- Aug 24, 2026144 EDGAR
- Aug 24, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 20, 2026144 EDGAR
- Aug 20, 20268-K EDGAR
- Aug 19, 2026144 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jun 30, 2026S-8 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
The 199 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
19 open-market trades by officers, directors and large owners since October 2021: 2 buys and 17 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | SIEGEL JEFFREYDirector | Sale | 740 | $9.11 | $6.7K | Form 4 |
| Sep 2, 2026 | SIEGEL JEFFREYDirector | Sale | 193 | $9.50 | $1.8K | Form 4 |
| Aug 31, 2026 | SIEGEL JEFFREYDirector | Sale | 7,359 | $9.51 | $70.0K | Form 4 |
| Aug 24, 2026 | NANNINGA CHERRIEDirector | Sale | 14,052 | $9.44 | $132.7K | Form 4 |
| Aug 24, 2026 | SIEGEL JEFFREYDirector | Sale | 11,560 | $9.53 | $110.2K | Form 4 |
| Aug 20, 2026 | SIEGEL JEFFREYDirector | Sale | 2,571 | $9.51 | $24.4K | Form 4 |
| Aug 19, 2026 | NANNINGA CHERRIEDirector | Sale | 948 | $9.89 | $9.4K | Form 4 |
| Nov 21, 2024 | SIEGEL DANIELPresident | Sale | 2,285 | $5.62 | $12.8K | Form 4 |
| Nov 19, 2024 | SIEGEL DANIELPresident | Sale | 1,048 | $5.60 | $5.9K | Form 4 |
| Nov 19, 2024 | Gabai-Pinsky VeroniqueDirector | Buy | 3,500 | $5.57 | $19.5K | Form 4 |
| May 17, 2023 | Kay Robert BruceChief Executive Officer | Buy | 3,000 | $5.03 | $15.1K | Form 4 |
| Mar 23, 2022 | SIEGEL DANIELPresident | Sale | 9,900 | $12.83 | $127.0K | Form 4 |
| Mar 17, 2022 | SIEGEL DANIELPresident | Sale | 100 | $13.87 | $1.4K | Form 4 |
| Nov 29, 2021 | PHILLIPS CRAIGDirector | Sale | 6,839 | $16.66 | $113.9K | Form 4 |
| Nov 26, 2021 | PHILLIPS CRAIGDirector | Sale | 3,321 | $16.67 | $55.4K | Form 4 |
| Nov 24, 2021 | PHILLIPS CRAIGDirector | Sale | 1,840 | $17.50 | $32.2K | Form 4 |
| Oct 27, 2021 | PHILLIPS CRAIGDirector | Sale | 3,512 | $16.77 | $58.9K | Form 4 |
| Oct 26, 2021 | PHILLIPS CRAIGDirector | Sale | 4,800 | $17.07 | $81.9K | Form 4 |
| Oct 25, 2021 | PHILLIPS CRAIGDirector | Sale | 3,688 | $17.29 | $63.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Mill Road Capital II, L.P.SCHEDULE 13D/A, 2 filings Oct 19, 2021 to Jun 17, 202652
- JB CAPITAL PARTNERS LPSCHEDULE 13G/A, 3 filings Nov 4, 2024 to Feb 9, 202653
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 4 filings Feb 8, 2022 to Jan 21, 202654
- KENNEDY CAPITAL MANAGEMENT LLCSC 13G/A, 1 filing Feb 14, 202255
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 88. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARRonald Shittan, Chair
- 17SEC EDGARLarry Sklute, Chair
- 18SEC EDGARDaniel Siegel, President
- 19SEC EDGARJeffrey Siegel, President
- 20SEC EDGARCraig Phillips, President
- 21SEC EDGARAlan Kanter, President
- 22SEC EDGAREvan Miller, President
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- 33SEC EDGAREdward Virgona, Controller
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- 35SEC EDGARJeffrey Herbert Evans, Board member
- 36SEC EDGARRachael Jarosh, Board member
- 37SEC EDGARVeronique Gabai-Pinsky, Board member
- 38SEC EDGARMichael Schnabel, Board member
- 39SEC EDGARBruce G. Pollack, Board member
- 40SEC EDGARSara Genster Robling, Board member
- 41SEC EDGARDennis E. Reaves, Board member
- 42SEC EDGARJeffrey Siegel, Board member
- 43SEC EDGARMichael J. Regan, Board member
- 44SEC EDGARJohn Koegel, Board member
- 45SEC EDGARDavid E. R. Dangoor, Board member
- 46SEC EDGARCherrie Nanninga, Board member
- 47SEC EDGARMichael J. Jeary, Board member
- 48SEC EDGARSheldon Misher, Board member
- 49SEC EDGARWilliam U. Westerfield, Board member
- 50SEC EDGARFiona P. Dias, Board member
- 51SEC EDGARSara Shindel, General counsel
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