DEI_Document_Document
DEI Document Document (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 13, 2015 | Jun. 30, 2014 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | AMERICAN APPAREL, INC | ||
Entity Central Index Key | 1336545 | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Accelerated Filer | ||
Document Type | 10-K | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | FALSE | ||
Entity Common Stock, Shares Outstanding | 176,260,566 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $85,370,030 | ||
Number of Shares - Entity Public Float | 94,855,589 | ||
Share Price | $0.90 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS | ||
Cash | $8,343 | $8,676 |
Trade accounts receivable (net of allowances $458; $2,229) | 25,298 | 20,701 |
Prepaid expenses and other current assets | 16,442 | 15,636 |
Inventories, net | 147,578 | 169,378 |
Income taxes receivable and prepaid income taxes | 648 | 306 |
Deferred income taxes, net of valuation allowance | 681 | 599 |
Total current assets | 198,990 | 215,296 |
Property and equipment, net | 49,317 | 69,303 |
Deferred income taxes, net of valuation allowance | 2,194 | 2,426 |
Other assets, net | 43,888 | 46,727 |
TOTAL ASSETS | 294,389 | 333,752 |
CURRENT LIABILITIES | ||
Cash overdraft | 5,714 | 3,993 |
Revolving credit facilities and current portion of long-term debt | 34,312 | 44,042 |
Accounts payable | 35,554 | 38,290 |
Accrued expenses and other current liabilities | 61,369 | 50,018 |
Fair value of warrant liability | 19,239 | 20,954 |
Income taxes payable | 2,063 | 1,742 |
Deferred income tax liability, current | 1,045 | 1,241 |
Current portion of capital lease obligations | 2,978 | 1,709 |
Total current liabilities | 162,274 | 161,989 |
Long-term debt (net of unamortized discount of $5,149, $5,779) | 217,388 | 213,468 |
Capital lease obligations, net of current portion | 1,982 | 5,453 |
Deferred tax liability | 200 | 536 |
Deferred rent, net of current portion | 13,346 | 18,225 |
Other long-term liabilities | 14,715 | 11,485 |
TOTAL LIABILITIES | 409,905 | 411,156 |
COMMITMENTS AND CONTINGENCIES | ||
STOCKHOLDERS' DEFICIT | ||
Preferred stock, $0.0001 par value per-share, authorized 1,000 shares; none issued | 0 | 0 |
Common stock, $0.0001 par value per-share, authorized 230,000 shares; Issued 176,566; 113,469; Outstanding 176,194; 111,330; | 18 | 11 |
Additional paid-in capital | 218,779 | 185,472 |
Accumulated other comprehensive loss | -6,915 | -4,306 |
Accumulated deficit | -325,241 | -256,424 |
Less: Treasury stock, 304 shares at cost | -2,157 | -2,157 |
TOTAL STOCKHOLDERS' DEFICIT | -115,516 | -77,404 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $294,389 | $333,752 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Per Share data, unless otherwise specified | ||
Consolidated Balance Sheet - Non Print [Abstract] | ||
Allowance for Doubtful Accounts Receivable, Current | $458 | $2,229 |
Debt Instrument, Unamortized Discount | $5,149 | $5,779 |
Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 |
Preferred Stock, Shares Authorized | 1,000 | 1,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 |
Common Stock, Shares Authorized | 230,000 | 230,000 |
Common Stock, Shares, Issued | 176,566 | 113,469 |
Common Stock, Shares, Outstanding | 176,194 | 111,330 |
Treasury Stock, Shares | 304 | 304 |
Consolidated_Statement_of_Oper
Consolidated Statement of Operations and Comprehensive Loss (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Statement [Abstract] | |||
Net sales | $608,891 | $633,941 | $617,310 |
Cost of sales | 299,756 | 313,056 | 289,927 |
Gross profit | 309,135 | 320,885 | 327,383 |
Selling and distribution expenses | 212,557 | 241,683 | 227,447 |
General and administrative expenses (including related party charges of $787; $1,016; $1,090) | 121,423 | 106,957 | 97,327 |
Retail store impairment | 2,738 | 1,540 | 1,647 |
(Loss) income from operations | -27,583 | -29,295 | 962 |
Interest expense | 39,853 | 39,286 | 41,559 |
Foreign currency transaction loss | 1,479 | 1 | 120 |
Unrealized (gain) loss on change in fair value of warrants | -1,715 | 3,713 | 4,126 |
(Gain) loss on extinguishment of debt | -171 | 32,101 | -11,588 |
Other (income) expense | -371 | 131 | 204 |
Loss before income taxes | -66,658 | -104,527 | -33,459 |
Income tax provision | 2,159 | 1,771 | 3,813 |
Net loss | -68,817 | -106,298 | -37,272 |
Basic and diluted loss per-share (a) | ($0.43) | ($0.96) | ($0.35) |
Weighted-average basic and diluted shares outstanding (a) | 158,844 | 110,326 | 105,980 |
Net loss (from above) | -68,817 | -106,298 | -37,272 |
Other comprehensive (loss) income item: | |||
Foreign currency translation | -2,609 | -1,581 | 631 |
Other comprehensive (loss) income, net of tax | -2,609 | -1,581 | 631 |
Comprehensive loss | ($71,426) | ($107,879) | ($36,641) |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholdersb (Deficit) Equity (USD $) | Total | Common Stock | Treasury Stock | Additional Paid-in Capital | Accumulated Other Comprehensive Loss | Accumulated Deficit |
In Thousands, unless otherwise specified | ||||||
Balance at Dec. 31, 2011 | $48,130 | $11 | ($2,157) | $166,486 | ($3,356) | ($112,854) |
Number of Common Shares Issued at Dec. 31, 2011 | 108,870 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Share-based compensation, net, number of shares | 1,241 | |||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 10,595 | 0 | ||||
Share-based compensation, net | 10,595 | |||||
Net loss | -37,272 | -37,272 | ||||
Foreign currency translation, net of tax | 631 | 631 | ||||
Balance at Dec. 31, 2012 | 22,084 | 11 | -2,157 | 177,081 | -2,725 | -150,126 |
Number of Common Shares Issued at Dec. 31, 2012 | 110,111 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Share-based compensation, net, number of shares | 3,358 | |||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 8,391 | 0 | ||||
Share-based compensation, net | 8,391 | |||||
Net loss | -106,298 | -106,298 | ||||
Foreign currency translation, net of tax | -1,581 | -1,581 | ||||
Balance at Dec. 31, 2013 | -77,404 | 11 | -2,157 | 185,472 | -4,306 | -256,424 |
Number of Common Shares Issued at Dec. 31, 2013 | 113,469 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Share-based compensation, net, number of shares | 752 | |||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 4,299 | 0 | ||||
Stock options exercised, number of shares | 700 | |||||
Stock options exercised | 574 | 1 | 573 | |||
Share-based compensation, net | 4,299 | |||||
Public offering, number of shares | 61,645 | 61,645 | ||||
Public offering | 28,441 | 6 | 28,435 | |||
Net loss | -68,817 | -68,817 | ||||
Foreign currency translation, net of tax | -2,609 | -2,609 | ||||
Balance at Dec. 31, 2014 | ($115,516) | $18 | ($2,157) | $218,779 | ($6,915) | ($325,241) |
Number of Common Shares Issued at Dec. 31, 2014 | 176,566 |
Consolidated_Statement_of_Oper1
Consolidated Statement of Operations and Comprehensive Loss (Parentheticals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Statement [Abstract] | |||
Related Party Costs | $787 | $1,016 | $1,090 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
CASH FLOWS USED IN OPERATING ACTIVITIES | |||
Cash received from customers | $604,796 | $636,049 | $615,342 |
Cash paid to suppliers, employees and others | -575,124 | -627,910 | -580,685 |
Income taxes paid | -2,055 | -2,033 | -10 |
Interest paid | -33,250 | -18,948 | -10,954 |
Other | 421 | 119 | -104 |
Net cash (used in) provided by operating activities | -5,212 | -12,723 | 23,589 |
CASH FLOWS USED IN INVESTING ACTIVITIES | |||
Capital expenditures | -9,818 | -27,054 | -21,607 |
Proceeds from sale of fixed assets | 21 | 173 | 474 |
Restricted cash | 214 | 1,734 | -3,720 |
Net cash used in investing activities | -9,583 | -25,147 | -24,853 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | |||
Cash overdraft | 1,720 | 3,993 | -1,921 |
Repayments of expired revolving credit facilities, net | 0 | -28,513 | -48,324 |
(Repayments) borrowings under current revolving credit facilities, net | -9,709 | 39,794 | 28,451 |
(Repayments) borrowings of term loans and notes payable | -60 | -20,466 | 29,987 |
Repayments of Lion term loan | 0 | -144,149 | 0 |
Issuance of Senior Secured Notes | 0 | 199,820 | 0 |
Payments of debt issuance costs | -2,102 | -11,909 | -5,226 |
Net proceeds from issuance of common stock | 28,435 | 0 | 0 |
Proceeds from stock options exercised | 573 | 0 | 0 |
Payment of payroll statutory tax withholding on share-based compensation associated with issuance of common stock | -646 | -2,623 | -393 |
Proceeds from equipment lease financing | 0 | 0 | 4,533 |
Repayment of capital lease obligations | -2,659 | -1,719 | -2,893 |
Net cash provided by financing activities | 15,552 | 34,228 | 4,214 |
Effect of foreign exchange rate on cash | -1,090 | -535 | -390 |
NET (DECREASE) INCREASE IN CASH | -333 | -4,177 | 2,560 |
Cash, beginning of period | 8,676 | 12,853 | 10,293 |
Cash, end of period | $8,343 | $8,676 | $12,853 |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows Reconciliation of Net Loss to Net Cash (Used In) Provided by Operating Activities (audited) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Net loss | ($68,817) | ($106,298) | ($37,272) |
Depreciation and amortization of property and equipment, and other assets | 25,897 | 26,076 | 22,989 |
Retail store impairment | 2,738 | 1,540 | 1,647 |
Loss on disposal of property and equipment | 52 | 241 | 102 |
Share-based compensation expense | 4,317 | 8,451 | 10,580 |
Unrealized (gain) loss on change in fair value of warrants | -1,715 | 3,713 | 4,126 |
Amortization of debt discount and deferred financing costs | 2,546 | 4,325 | 10,261 |
(Gain) loss on extinguishment of debt | -171 | 32,101 | -11,588 |
Accrued interest paid-in-kind | 4,189 | 9,949 | 20,344 |
Foreign currency transaction loss | 1,479 | 1 | 120 |
Allowance for inventory shrinkage and obsolescence | 6,049 | 116 | -1,331 |
Bad debt expense | 1,563 | 1,512 | 99 |
Deferred income taxes | -574 | -168 | 154 |
Deferred rent | -4,316 | -2,093 | -895 |
Changes in cash due to changes in operating assets and liabilities: | |||
Trade accounts receivables | -5,658 | 596 | -2,067 |
Inventories | 12,682 | 3,715 | 13,949 |
Prepaid expenses and other current assets | -1,210 | -6,063 | -1,829 |
Other assets | 381 | -4,393 | -8,455 |
Accounts payable | -1,078 | 2,287 | 1,779 |
Accrued expenses and other liabilities | 16,344 | 11,764 | -4,223 |
Income taxes receivable / payable | 90 | -95 | 5,099 |
Net cash (used in) provided by operating activities | -5,212 | -12,723 | 23,589 |
NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
Property and equipment acquired, and included in accounts payable | 195 | 1,576 | 3,778 |
Property and equipment acquired under capital lease | 434 | 4,213 | 0 |
Standard General Loan Agreement assigned from Lion | 9,865 | 0 | 0 |
Lion Loan Agreement assigned to Standard General | ($9,865) | $0 | $0 |
Organization_and_Business
Organization and Business | 12 Months Ended |
Dec. 31, 2014 | |
Organization and Business [Abstract] | |
Nature of Operations [Text Block] | Organization and Business |
American Apparel, Inc. and its subsidiaries (collectively the "Company") is a vertically-integrated manufacturer, distributor, and retailer of branded fashion basic apparel products and designs. The Company manufactures and sells clothing and accessories for women, men, children and babies. The Company sells its products through the wholesale distribution channel supplying t-shirts and other casual wear to distributors and screen printers, as well as direct to customers through its retail stores located in the U.S. and internationally. In addition, the Company operates an online retail e-commerce website. At December 31, 2014, the Company operated a total of 242 retail stores in 20 countries including the U.S. and Canada. | |
Company Highlights | |
Recent Developments - On December 16, 2014, the Board of Directors (the "Board") appointed Paula Schneider as Chief Executive Officer ("CEO") of the Company, effective January 5, 2015. This appointment followed the termination of Dov Charney, former President and CEO, for cause in accordance with the terms of his employment agreement. Scott Brubaker, who served as Interim CEO since September 29, 2014, continued in the post until Ms. Schneider joined the Company. Additionally, on September 29, 2014, the Board appointed Hassan Natha as Chief Financial Officer ("CFO"), and John Luttrell resigned as Interim CEO and CFO of the Company. | |
On July 7, 2014, the Company received a notice from Lion Capital LLP ("Lion") asserting an event of default and an acceleration of the maturity of the loans and other outstanding obligations under the loan agreement (the "Lion Loan Agreement") as a result of the suspension of Dov Charney as CEO of the Company by the Board. On July 14, 2014, Lion issued a notice rescinding the notice of acceleration. On July 16, 2014, Lion assigned its rights and obligations as a lender under the Lion Loan Agreement to an entity affiliated with Standard General Group ("Standard General" and such agreement, subsequent to the assignment, the "Standard General Loan Agreement"). Standard General has waived any default under the Standard General Loan Agreement that may have resulted or that might result from Mr. Charney not being the CEO of the Company. | |
On September 8, 2014, the Company and Standard General entered into an amendment of the Standard General Loan Agreement to lower the applicable interest rate to 17%, extend the maturity to April 15, 2021, and make certain other technical amendments, including to remove a provision that specified that Mr. Charney not being the CEO of the Company would constitute an event of default. See Note 8. | |
In connection with the Nomination, Standstill and Support Agreement, dated July 9, 2014, (the "Standstill and Support Agreement") among the Company, Standard General and Mr. Charney, five directors including Mr. Charney resigned from the Company's Board effective as of August 2, 2014, and five new directors were appointed to the Board, three of whom were designated by Standard General and two of whom were appointed by the mutual agreement of Standard General and the Company. In addition, Lion exercised its rights to designate two members to the Board, whose appointments were effective as of September 15, 2014 and January 13, 2015, respectively. | |
In 2012, the German authorities audited the import records of the Company's German subsidiary for the years 2009 through 2011 and issued retroactive punitive duty assessments on certain containers of goods imported. The German customs imposed a substantially higher tariff rate than the original rate that the Company had paid on the imports, more than doubling the amount of the tariff that the Company would have to pay. The assessments of additional retaliatory duty originated from a trade dispute. Despite the ongoing appeals of the assessment, the German authorities demanded, and the Company paid, in connection with such assessment, $4,390 in the third quarter of 2014 and the final balance of $85 in the fourth quarter of 2014. The Company recorded the duty portion of $79 in cost of sales and the retaliatory duties, interest and penalties of $5,104 in general and administrative expenses in its consolidated statements of operations. | |
Liquidity - As of December 31, 2014, the Company had $8,343 in cash, $34,299 outstanding on a $50,000 asset-backed revolving credit facility with Capital One Business Credit Corp. ("Capital One" and such facility the "Capital One Credit Facility") and $13,146 of availability for additional borrowings. On March 13, 2015, the Company had $5,837 of availability for additional borrowings under the Capital One Credit Facility. | |
In March 2014, the Company entered into the Fifth Amendment to the Capital One Credit Facility ("the "Fifth Amendment") which waived the obligation to maintain the minimum fixed charge coverage and maximum leverage ratios for the three months ended December 31, 2013 and March 31, 2014. Based on the Fifth Amendment, the interest rates on borrowings under the Capital One Credit Facility are equal to LIBOR plus 5.0% or the bank's prime rate plus 4.0% at the Company's option and are subject to specified borrowing requirements and covenants. In addition, the Fifth Amendment reset the minimum fixed charge coverage ratios, maximum leverage ratios, maximum capital expenditures and minimum adjusted EBITDA. | |
On March 25, 2015, the Company entered into the Sixth Amendment to the Capital One Credit Facility ("the Sixth Amendment") which (i) waived any defaults under the Capital One Credit Facility due to the failure to meet the obligation to maintain the maximum leverage ratio and minimum adjusted EBITDA required for the measurement periods ended December 31, 2014, as defined in the credit agreement, (ii) waived the obligation to maintain the minimum fixed charge coverage ratios, maximum leverage ratios and minimum adjusted EBITDA required for the twelve months ending March 31, 2015, (iii) included provisions to permit the Company to enter into the Standard General Credit Agreement (as defined below), (iv) reset financial covenants relating to maintaining minimum fixed charge coverage ratios, maximum leverage ratios and minimum adjusted EBITDA and (v) permitted the Company to borrow $15,000 under the Standard General Credit Agreement. | |
As of December 31, 2014, the Company was not in compliance with the maximum leverage ratio and the minimum adjusted EBITDA covenants under the Capital One Credit Facility. For the April 1, 2014 through December 31, 2014 covenant reference period, the maximum leverage ratio was 6.70 to 1.00 as compared with the covenant maximum of 5.10 to 1.00 and the minimum adjusted EBITDA was $38,186 as compared with the covenant minimum of $41,124. However, these covenant violations were waived by the Sixth Amendment. For the year ended December 31, 2014, the Company was required to maintain a minimum fixed charge coverage ratio of not less than 1.00 to 1.00 and a maximum capital expenditure of not more than $8,000. We were in compliance with these covenants at December 31, 2014. | |
On March 25, 2015, one of the Company's subsidiaries borrowed $15,000 under an unsecured credit agreement with Standard General, dated as of March 25, 2015 (the "Standard General Credit Agreement"). The Standard General Credit Agreement is guaranteed by the Company, bears interest at 14% per annum, and will mature on October 15, 2020. The proceeds of such loan are intended to provide additional liquidity to the Company as contemplated by the Standstill and Support Agreement. | |
Management's Plan - Throughout 2014 and into early 2015, the Company brought on a new board of directors and hired on new senior management, including CEO, CFO, and General Counsel, as well as other additions to the management team. Together, the new board of directors and new management team are focused on implementing a turnaround strategy and enhancing the Company's corporate governance policies and practices. The Company has started implementing additional operational and financial processes and disciplines to improve liquidity and profitability. To that end, new members to the executive team in the areas of planning and forecasting, operations, marketing and e-commerce were added. The Company continues to drive productivity from its distribution center, reduce inventory, reduce labor costs, and consolidate its administrative and manufacturing functions. Additionally, new members were added to the legal and human resources departments and the Company has introduced a new code of ethics which all new and current employees are asked to read. Management believes that a strong operational and financial discipline, along with a robust corporate governance structure, is an important element of the Company's long-term business strategy. | |
Although the Company has made progress under these programs, the Company operates in a rapidly evolving and often unpredictable business environment that may change the timing or amount of expected future cash receipts and expenditures. The Company's cash flows are dependent upon meeting future sales growth projections and reducing certain expenses. Accordingly, there can be no assurance that the Company's planned improvements will be successful. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2014 | |
Summary of Significant Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Summary of Significant Accounting Policies |
Principles of Consolidation and Basis of Presentation | |
The consolidated financial statements include the accounts of American Apparel, Inc. and its 100% owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Certain prior year amounts have been reclassified to confirm to the current period presentation. | |
Use of Estimates | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The most significant estimates include: revenue recognition, inventory valuation and obsolescence; valuation and recoverability of long-lived assets, including the values assigned to goodwill, intangible assets, and property and equipment; fair value calculations, including derivative liabilities; contingencies, including accruals for the outcome of current litigation and assessments and self-insurance; and income taxes, including uncertain income tax positions and recoverability of deferred income taxes and any limitations as to net operating losses ("NOL"). Actual results could differ from those estimates. | |
Concentration of Credit Risk | |
Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash (the amounts of which may, at times, exceed Federal Deposit Insurance Corporation limits on insurable amounts) and trade accounts receivable (including credit card receivables) relating substantially to the Company's U.S. Wholesale segment. Cash is managed within established guidelines, and the Company mitigates its risk by investing through major financial institutions. The Company had $6,361 and $7,374 held in foreign banks at December 31, 2014, and 2013, respectively. | |
Concentration of credit risk with respect to trade accounts receivable is limited by performing on-going credit evaluations of its customers and adjusting credit limits based upon payment history and the customer's current credit worthiness. The Company also maintains an insurance policy for certain customers based on a customer's credit rating and established limits. Collections and payments from customers are continuously monitored. One customer in the Company's U.S. Wholesale segment accounted for 16.6% and 14.2% of its total trade accounts receivable as of December 31, 2014 and 2013, respectively. The Company maintains an allowance for doubtful accounts which is based upon historical experience and specific customer collection issues that have been identified. While bad debt expenses have historically been within expectations and allowances established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past. | |
Trade Accounts Receivable and Allowance for Doubtful Accounts | |
Trade accounts receivable is primarily receivable from customers including amounts due from credit card companies, net of allowances. On a periodic basis, the Company evaluates its trade accounts receivable and establishes an allowance for doubtful accounts. | |
The Company performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer's current credit worthiness, as determined by its review of current credit information. Payments from customers are continuously monitored. The Company maintains an allowance for doubtful accounts, which is based upon historical experience as well as specific customer collection issues that have been identified. If the financial condition of customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. | |
Inventories | |
Inventories consist of material, labor, and overhead, and are stated at the lower of cost or market. Cost is primarily determined on the first-in, first-out (FIFO) method. No supplier provided more than 10% of the Company's raw material purchases as of December 31, 2014 and 2013. | |
The Company identifies potentially excess and slow-moving inventories by evaluating turn rates, inventory levels and other factors and records lower of cost or market reserves for such identified excess and slow-moving inventories. The Company also establishes reserves for inventory shrinkage for each of its retail locations and warehouse based on the historical results of physical inventory cycle counts. | |
Fair Value Measurements | |
The financial instruments recorded in the consolidated balance sheets include cash, trade accounts receivable (including credit card receivables), accounts payable, revolving credit facilities, senior secured notes, term loans and warrants. Due to their short-term maturity, the carrying values of cash, trade accounts receivables, and accounts payable approximate their fair market values. In addition, the carrying amount of the revolving credit facility from Capital One approximates its fair value because of the variable market interest rate charged to the Company. | |
The Company employs a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date using the exit price. Accordingly, when market observable data is not readily available, the Company's own assumptions are used to reflect those that market participants would be presumed to use in pricing the asset or liability at the measurement date. Assets and liabilities recorded on the consolidated balance sheets at fair value are categorized based on the level of judgment associated with inputs used to measure their fair value and the level of market price observability, as follows: | |
Level 1 – Unadjusted quoted prices are available in active markets for identical assets or liabilities as of the reporting date. | |
Level 2 – Pricing inputs are other than unadjusted quoted prices in active markets, which are based on the following: | |
•Quoted prices for similar assets or liabilities in active markets; | |
•Quoted prices for identical or similar assets or liabilities in non-active markets; or | |
•Either directly or indirectly observable inputs as of the reporting date. | |
Level 3 – Pricing inputs are unobservable and significant to the overall fair value measurement, and the determination of fair value requires significant management judgment or estimation. The valuation policies and procedures underlying are determined by the Company's accounting and finance team and are approved by the CFO. | |
In certain cases, inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Thus, a Level 3 fair value measurement may include inputs that are observable (Level 1 or Level 2) and unobservable (Level 3). The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset or liability. | |
The Company uses prices and inputs that are current as of the measurement date, including during periods of market disruption. In periods of market disruption, the ability to observe prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from Level 1 to Level 2, or from Level 2 to Level 3. The Company recognizes transfers between levels at either the actual date of the event or a change in circumstances that caused the transfer. | |
As of December 31, 2014, there were no transfers between Levels 1, 2 and 3 of the fair value hierarchy. | |
Summary of Significant Valuation Techniques | |
Level 2 Measurements: | |
Senior secured notes: Estimated based on quoted prices for identical senior secured notes in non-active market. | |
Level 3 Measurements: | |
Term loans: Estimated using a projected discounted cash flow analysis based on unobservable inputs including principal and interest payments and discount rate. A yield rate was estimated using yields rates for publicly traded debt instruments of comparable companies with similar features. An increase or decrease in the stock price and the discount rate assumption can significantly decrease or increase the fair value of team loans. See Note 9. | |
Warrants: Estimated using the Binomial Lattice option valuation model. Significant observable and unobservable inputs include stock price, exercise price, annual risk free rate, term, and expected volatility. An increase or decrease in these inputs could significantly increase or decrease the fair value of the warrant. See Notes 9 and 13. | |
Indefinite-lived assets - goodwill: Estimated using a projected discounted cash flow analysis based on unobservable inputs including gross profit, discount rate, working capital requirements, capital expenditures, depreciation and terminal value assumptions. An increase or decrease in the discount rate assumption and/or the terminal value assumption, in isolation, can have a significant effect on the fair value of the reporting unit. See Goodwill and Other Intangible Assets below. | |
Retail stores - leasehold improvements: Estimated using a projected discounted cash flow analysis based on unobservable inputs including gross profit and discount rate. The key assumptions used in the estimates of projected cash flows were sales, gross margins, and payroll costs. These forecasts were based on historical trends and take into account recent developments as well as the Company's plans and intentions. An increase or decrease in the discount rate assumption and/or projected cash flows, in isolation, can significantly decrease or increase the fair value of the assets, which would have an effect on the impairment recorded. See Impairment of Long-Lived Assets below. | |
Website Development | |
The Company capitalizes applicable costs incurred during the application and website infrastructure development stage while expensing costs incurred during the planning and operating stage. The carrying values of the Company's capitalized website development costs were $2,445 and $2,805 as of December 31, 2014 and 2013, respectively, and were included in property and equipment in the accompanying consolidated balance sheets. | |
Goodwill and Other Intangible Assets | |
Goodwill and other intangible assets arise as a result of business acquisitions and consist of the excess of the cost of the acquisitions over the tangible and intangible assets acquired and liabilities assumed and identifiable intangible assets acquired. | |
The Company annually evaluates goodwill and other intangible assets for impairment. The Company also reviews its goodwill and other intangible assets for impairment whenever events or changes in circumstances indicate that it is more likely than not the carrying amount of goodwill may exceed its implied fair value. The Company quantitative determines whether, more likely than not, the fair value exceeds the carrying amount of a reporting unit. There are numerous assumptions and estimates underlying the quantitative assessments including future earnings, long-term strategies, and the Company's annual planning and forecasts. If these planned initiatives do not accomplish the targeted objectives, the assumptions and estimates underlying the quantitative assessments could be adversely affected and have a material effect upon the Company's financial condition and results of operations. As of December 31, 2014 and 2013, goodwill and other intangible impairment assessments indicated that there was no impairment. | |
Other intangible assets consist of deferred financing costs, key money, broker and finder fees, and lease rights. See Note 5. | |
Impairment of Long-Lived Assets | |
The Company assesses long-lived assets or asset groups for recoverability on a quarterly basis and when events or changes in circumstances indicate that their carrying amount may not be recoverable. The Company considers the following indicators, among others, that may trigger an impairment: (i) loss from operations or income from operations significantly below historical or projected future operating results; (ii) significant changes in the manner or use of the assets or in its overall strategy with respect to the manner or use of the acquired assets or changes in its overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company's stock price for a sustained period of time; and (vi) regulatory changes. | |
The Company evaluates the performance of its stores to determine impairment of its long-lived assets at retail stores. New stores less than 12 months are excluded from the analysis because of lack of historical financial results or trends. Each new store needs between 12 months and 24 months to mature and begin generating positive cash flows. For purposes of this evaluation, long-lived assets subject to store impairments include leasehold improvements as well as certain intangible assets such as broker and finder fees, lease rights, key money on store leases, and any other non-transferable assets. All intangible assets are subject to impairment analysis if they are non-refundable in nature. | |
If the Company identifies an indicator of impairment, it assesses recoverability by comparing, per store, the carrying amount of the store assets to the estimated future undiscounted cash flows associated with the store. An impairment loss is recognized when the carrying amount is not recoverable and is measured as the excess of carrying value over fair value. Such estimated fair values are generally determined by using the discounted future cash flows using a rate that approximates the Company's weighted average cost of capital. | |
The key assumptions used in management's estimates of projected cash flow at its retail stores deal largely with forecasts of sales levels, gross margins, and payroll costs. These forecasts are typically based on historical trends and take into account recent developments as well as management's plans and intentions. Any material change in manufacturing costs or raw material costs could significantly impact projected future cash flows of retail stores, and these factors are considered in evaluating impairment. Other factors, such as increased competition or a decrease in the desirability of the Company's products, could lead to lower projected sales levels which would adversely impact cash flows. A significant change in cash flows in the future could result in an impairment of long lived assets. | |
The Company identified indicators of impairment at some retail stores in its U.S. Retail, Canada, and International segments. The Company performed a recoverability test on these stores and recorded impairment charges, as applicable, of $2,738, $1,540 and $1,647 for the years ended December 31, 2014, 2013, and 2012, respectively. | |
Self-Insurance Liabilities | |
The Company self-insures a significant portion of expected losses under workers' compensation and health care benefits programs. Estimated costs under the workers' compensation program, including incurred but not reported claims, are recorded as expense based upon historical experience, trends of paid and incurred claims, and other actuarial assumptions. If actual claim trends under these programs, including the severity or frequency of claims, differ from the Company's estimates, its financial results may be significantly impacted. | |
The Company's estimated self-insurance liabilities are classified in its balance sheets as accrued expenses or other long-term liabilities based upon whether they are expected to be paid during or beyond the Company's normal operating cycle of 12 months from the date of its consolidated financial statements. Estimated costs under the Company's health care program are based on estimated losses for claims incurred but not paid at the end of the period. Funding is made directly to the providers and/or claimants by the insurance company. | |
Income Taxes | |
Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial reporting basis and the respective tax basis of its assets and liabilities, and are measured using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction. A valuation allowance for such tax assets and loss carryforwards is provided when it is determined that such amounts will more likely than not go unrealized. Significant weight is given to evidence that can be objectively verified. The determination to record a valuation allowance is based on the recent history of cumulative losses and current operating performance and includes an assessment of the degree to which any losses are driven by items that are unusual in nature or incurred to improve future profitability. In addition, the Company reviews changes in near-term market conditions and any other factors arising during the period which may impact its future operating results. If it becomes more likely than not that a tax asset will be realized, any related valuation allowance of such assets would be reversed. The Company recorded a valuation allowance against deferred tax assets of $143,062 and $120,694 for the years ended December 31, 2014 and 2013. | |
Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. Management believes that adequate provisions have been made for all years, but the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company's tax audits are resolved in a manner not consistent with management's expectations, the Company could be required to adjust its provision for income tax in the period such resolution occurs. | |
The Company's foreign domiciled subsidiaries are subject to foreign income taxes on earnings in their respective jurisdictions. The Company elected to have its foreign subsidiaries, except for its subsidiaries in Brazil, Canada, China, Ireland, Italy, South Korea, and Spain, consolidated in the Company's U.S. federal income tax return. The Company is generally eligible to receive tax credits on its U.S. federal income tax return for most of the foreign taxes paid by the Company's subsidiaries included in the U.S. federal income tax return. | |
For financial statement purposes, the Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Once this threshold has been met, the Company's measurement of its expected tax benefits is recognized in its financial statements. Gross unrecognized tax benefits are included in current liabilities in the consolidated balance sheets, and interest and penalties on unrecognized tax benefits are recorded in the income tax provision in the consolidated statements of operations. | |
Contingencies | |
Certain conditions may exist at the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings or governmental assessments that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of these matters as well as the merits of the amount of relief sought or expected to be sought. | |
The Company establishes reserves when it believes a loss is probable and is able to estimate its potential exposure. For loss contingencies believed to be reasonably possible, the Company also discloses the nature of the loss contingency and an estimate of the possible loss or range of loss, or a statement that such an estimate cannot be made. Insurance may cover a portion of such losses; however, certain matters could arise for which we do not have insurance coverage or for which insurance provides only partial coverage. These matters could have a material negative effect on our business, financial position, results of operations, or cash flows. See Notes 15 and 18. | |
Revenue Recognition | |
The Company recognizes revenue when all of the following criteria are met: (i) title and risk of loss have transferred to the customer, (ii) there is persuasive evidence of an arrangement, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured. Wholesale product sales are recorded at the time the product is either picked up by or shipped to the customer. Online sales are recorded at the time the product is received by the customer. Retail store sales are recorded upon the sale of product to retail customers. The Company's net sales represent gross sales invoiced to customers less certain related charges for discounts, returns, and other promotional allowances. | |
The Company recognizes revenue from gift cards, gift certificates and store credits as they are redeemed for product or when it is determined that some portion of gift cards will not be redeemed. See Gift Cards below. | |
Sales Returns and Allowances | |
The Company analyzes its historical sales return experience and records an allowance for its wholesale, online and retail store sales. Estimating sales returns are based on many factors including expected return data communicated by customers. The Company regularly reviews those factors and makes adjustments when it believes that actual product returns and claims may differ from established reserves. If actual or expected future returns and claims are significantly greater or lower than reserves established, the Company would decrease or increase net revenues in the period in which it made such determination. | |
Gift Cards | |
Upon issuance of a gift card, a liability is established for the cash value. The liability is relieved and net sales are recorded upon redemption by the customer. Over time, some portion of gift cards is not redeemed ("breakage"). The Company determines breakage income for gift cards based on historical redemption patterns. Breakage income is recorded as a credit to selling expenses, which is a component of operating expenses in the consolidated statements of operations. The Company currently records breakage when gift cards remain unredeemed after two years. The Company's gift cards, gift certificates and store credits do not have expiration dates. | |
The Company does not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions used to calculate breakage. | |
Shipping and Handling Costs | |
Shipping and handling costs consist primarily of freight expenses incurred to transport products to the Company's retail stores, distribution center, and wholesale and online retail customers. These costs are included in cost of sales while amounts billed to customers for shipping are included in net sales. | |
Deferred Rent, Rent Expense and Tenant Allowances | |
The Company occupies its retail stores, corporate office, manufacturing facilities, and distribution center under operating leases with terms of one to ten years. Some leases contain renewal options for periods ranging from five to fifteen years under substantially the same terms and conditions as the original leases but with rent adjustments based on various factors specific to each agreement. Many of the store leases require payment of a specified minimum rent, a contingent rent based on a percentage of the store's net sales in excess of a specified threshold, plus defined escalating rent provisions. The Company recognizes its minimum rent expense on a straight-line basis over the term of the lease (including probable lease renewals) plus the construction period prior to occupancy of the retail location using a mid-month convention. Further, rent expenses include payments of real estate taxes, insurance and certain common area and maintenance costs in addition to the future minimum operating lease payments. Certain lease agreements provide for the Company to receive lease inducements or tenant allowances from landlords to assist in the financing of certain property. These inducements are recorded as a component of deferred rent and amortized as a reduction of rent expense over the term of the related lease. | |
Advertising | |
The Company does not defer advertising expenses but expenses them as incurred. Advertising expenses were $15,176, $19,814, and $22,114 for the years ended December 31, 2014, 2013 and 2012, respectively, and were included in selling expenses in the consolidated statements of operations. The Company has cooperative advertising arrangements with certain vendors in its U.S. wholesale segment. For the years ended December 31, 2014, 2013 and 2012, cooperative advertising expenses were not significant. | |
Share-Based Compensation | |
Share-based compensation expense for all share-based payment awards granted or modified is based on the estimated grant date fair value. The Company recognizes these compensation expenses on a straight-line basis over the vesting period for all share-based awards granted. The fair value of stock option awards is estimated using the Black-Scholes option pricing model at the grant date. The Company calculates the expected volatility using the historical volatility over the most recent period equal to the expected term and evaluates the extent to which available information indicate that future volatility may differ from historical volatility. The risk-free rates for the expected terms of the stock options are based on the U.S. Treasury yield curve in effect at the time of the grant. Due to the lack of historical information, the Company determines the expected term of its stock option awards by using the simplified method, which assumes each vesting tranche of the award has a term equal to the midpoint between when the award vests and when the award expires. Estimated forfeitures are zero, and actual forfeitures have been insignificant to date. The expected dividend yield is zero as the Company has not paid or declared any cash dividends on its common stock. Based on these valuations, the Company recognized share-based compensation expense of $4,317, $8,451, and $10,580 for the years ended December 31, 2014, 2013 and 2012, respectively. | |
Earnings per Share | |
Basic earnings per share ("EPS") excludes dilution and reflects net loss divided by the weighted average shares of common stock outstanding during the period presented. Diluted EPS is based on the weighted average shares of common stock and potential dilutive common stock outstanding during the period presented. See Note 13. | |
Comprehensive Loss | |
Comprehensive loss represents the change in stockholders' equity resulting from transactions other than stockholder investments and distributions. Accumulated other comprehensive loss includes changes in equity that are excluded from the Company's net loss, specifically, unrealized gains and losses on foreign currency translation adjustments and is presented in the consolidated statements of stockholders' equity. The Company presents the components of comprehensive loss within the consolidated statements of operations and comprehensive loss. | |
Foreign Currency Translation | |
The Company's 100% owned direct and indirect foreign operations present their financial reports in the currency used in the economic environment in which they mainly operate, known as the functional currency. The Company's functional currencies consist of the Canadian dollar for operations in Canada, the Australian dollar for operations in Australia, the pound Sterling for operations in the U.K., the Euro for operations in the European Union (excluding the Swiss Franc for operations in Switzerland and the Swedish Kronor for operations in Sweden, which are remeasured to Euro before translated into U.S. dollar), the New Israeli Shekel for operations in Israel, the Yen for the operations in Japan, the Won for operations in South Korea, the Renminbi for operations in China, the Real for operations in Brazil, and the Peso for operations in Mexico. | |
Assets and liabilities in foreign subsidiaries are translated into U.S. dollars at the exchange rate on the closing date, while the income statement is translated at the average exchange rate for the financial year. Gains and losses from these translations are recognized in foreign currency translation included in accumulated other comprehensive loss in the consolidated statements of stockholders' deficit. | |
Recently Issued Accounting Standards | |
In August 2014, the Financial Accounting Standards Board ("FASB") issued a new standard on disclosure of uncertainties about an entity's ability to continue as a going concern. The new standard provides guidance on determining when and how reporting entities must disclose going concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements. Additionally, an entity must provide certain disclosures if there is substantial doubt about the entity's ability to continue as a going concern. The new standard will be effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company is in the process of evaluating the impact of adoption on the Company's consolidated financial statements. | |
In June 2014, the FASB issued a new standard on accounting for share-based payments. The new standard clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. As such, the performance target should not be reflected in estimating the grant date fair value of the award. The new standard also clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period for which the requisite service has already been rendered. The new standard will be effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company is in the process of evaluating the impact of adoption on the Company's consolidated financial statements. | |
In May 2014, the FASB issued a new standard on recognizing revenue in contracts with customers. The new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The new standard creates a five-step process to recognize revenue that requires entities to exercise judgment when considering contract terms and relevant facts and circumstances. The new standard also requires expanded disclosures surrounding revenue recognition. The new standard will be effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. The Company is in the process of evaluating the impact of adoption on the Company's consolidated financial statements. | |
Other recently issued accounting standards are not expected to have a material effect on the Company's consolidated financial statements. |
Inventories
Inventories | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Inventory Disclosure [Abstract] | ||||||||
Inventory Disclosure [Text Block] | Inventories | |||||||
The components of inventories are as follows: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Raw materials | $ | 17,738 | $ | 23,199 | ||||
Work in process | 2,805 | 2,596 | ||||||
Finished goods | 135,813 | 146,361 | ||||||
156,356 | 172,156 | |||||||
Less reserve for inventory shrinkage and obsolescence | (8,778 | ) | (2,778 | ) | ||||
Total, net of reserves | $ | 147,578 | $ | 169,378 | ||||
The Company increased its lower of cost or market reserves for excess and slow-moving inventories to $6,684 at December 31, 2014 from $1,951 at December 31, 2013. As part of the Company's valuation analysis of inventory, the Company identified certain slow-moving, second quality finished goods and raw materials inventory for additional reserves. Inventory shrinkage reserves were $2,094 and $827 at December 31, 2014 and 2013, respectively. |
Property_and_Equipment
Property and Equipment | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | Property and Equipment | |||||||
Property and equipment consist of the following: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Machinery and equipment | $ | 59,703 | $ | 58,069 | ||||
Furniture and fixtures | 47,404 | 46,749 | ||||||
Computers and software | 47,220 | 45,402 | ||||||
Automobiles and light trucks | 1,309 | 1,334 | ||||||
Leasehold improvements | 94,747 | 95,886 | ||||||
Buildings | 503 | 547 | ||||||
Construction in progress | 115 | 1,353 | ||||||
251,001 | 249,340 | |||||||
Less accumulated depreciation and amortization | (201,684 | ) | (180,037 | ) | ||||
Total | $ | 49,317 | $ | 69,303 | ||||
Property and equipment is recorded on the basis of cost and is depreciated using a straight-line method over the estimated useful lives of fixed assets. Leasehold improvements are amortized over the shorter of the useful life of the assets or the lease term. Expenditures which significantly improve or extend the life of an asset are capitalized and depreciated over the asset's remaining useful life. The Company expenses maintenance and repair costs as incurred. | ||||||||
The useful lives of the Company's major classes of assets are as follows: | ||||||||
Machinery and equipment | 5 to 7 years | |||||||
Furniture and fixtures | 3 to 5 years | |||||||
Computers and software | 3 to 5 years | |||||||
Automobiles and light trucks | 3 to 5 years | |||||||
Leasehold improvements | Shorter of lease term or useful life | |||||||
Buildings | 25 years | |||||||
Upon sale or disposition, the related cost and accumulated depreciation are removed from the Company's financial statements and the resulting gain or loss, if any, is reflected in income from operations. Property and equipment acquired are recorded as construction in progress until placed in-service, at which time the asset is reclassified to the appropriate asset category and depreciation commences. | ||||||||
Depreciation and amortization expenses were $25,897, $26,076 and $22,989 for the years ended December 31, 2014, 2013, and 2012, respectively. Machinery and equipment held under capital leases were $15,743 and $15,115 as of December 31, 2014 and 2013, respectively, which were included in property and equipment. Accumulated amortizations for these capital leases were $13,099 and $12,252 as of December 31, 2014, and 2013, respectively. |
Goodwill_Intangible_Assets_and
Goodwill, Intangible Assets and Other Assets | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | Goodwill, Intangible Assets and Other Assets | |||||||
The following table presents the net carrying amounts of definite and indefinite lived intangible assets and other assets. | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Deferred financing costs | $ | 9,816 | $ | 10,275 | ||||
Broker and finder fees | 1,775 | 1,779 | ||||||
Lease rights | 172 | 187 | ||||||
Key money on store leases | 2,027 | 1,652 | ||||||
Total intangible assets, gross | 13,790 | 13,893 | ||||||
Accumulated amortization | (2,739 | ) | (2,361 | ) | ||||
Total intangible assets, net | 11,051 | 11,532 | ||||||
Goodwill | 1,906 | 1,906 | ||||||
Workers compensation deposit | 16,124 | 16,124 | ||||||
Lease security deposits | 7,389 | 9,013 | ||||||
Restricted cash | 1,650 | 2,078 | ||||||
Other | 5,768 | 6,074 | ||||||
Total intangible and other assets, net | $ | 43,888 | $ | 46,727 | ||||
Intangible assets | ||||||||
Deferred financing costs represent costs associated with issuing debt and are amortized on a straight-line basis over the term of the related indebtedness. Deferred financing cost amortization expenses were $1,901, $1,895, and $2,287 for the years ended December 31, 2014, 2013 and 2012, respectively, which were included in interest expense on the consolidated statements of operations. | ||||||||
Lease rights are costs incurred to acquire the right to lease a specific property. A majority of the Company's lease rights are related to premiums paid to landlords. Lease rights are recorded at cost and are amortized on a straight-line basis over the term of the respective leases. | ||||||||
Key money is funds paid to a landlord or tenant to acquire the rights of tenancy under a commercial property lease for a certain property. Key money represents the "right to lease" with an automatic right of renewal. This right can be subsequently sold by the Company or can be recovered in case a landlord refuses to allow the automatic right of renewal. Key money is amortized on a straight-line basis over the respective lease terms. | ||||||||
Aggregate amortization expenses of intangible assets and other assets, excluding deferred financing costs, were $595, $456, and $472 for the years ended December 31, 2014, 2013 and 2012, respectively, which were included in operating expenses in the consolidated statements of operations. None of the intangible assets are anticipated to have a residual value. The following table presents the estimated future amortization expenses related to amortizable intangible assets as of December 31, 2014: | ||||||||
Year Ending December 31, | Amortization Expense | |||||||
2015 | $ | 2,209 | ||||||
2016 | 2,190 | |||||||
2017 | 2,170 | |||||||
2018 | 1,910 | |||||||
2019 and thereafter | 2,305 | |||||||
Total | $ | 10,784 | ||||||
Goodwill | ||||||||
There were no changes in the carrying amount of goodwill for the year ended December 31, 2014. Goodwill is reviewed for impairment on an annual basis and more frequently if potential impairment indicators exist. No impairment indications were identified during any of the periods presented. |
Accrued_Expenses_and_Other_Cur
Accrued Expenses and Other Current Liabilities | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accrued Expenses and Other Current Liabilities [Abstract] | ||||||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | Accrued Expenses and Other Current Liabilities | |||||||
The components of accrued expenses and other current liabilities are as follows: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Compensation, bonuses and related taxes | $ | 13,010 | $ | 12,254 | ||||
Accrued interest | 5,932 | 6,064 | ||||||
Workers' compensation and other self-insurance reserves (Note 16) | 6,760 | 6,383 | ||||||
Sales, value and property taxes | 5,984 | 5,240 | ||||||
Gift cards and store credits | 8,462 | 7,391 | ||||||
Loss contingencies | 2,360 | 1,177 | ||||||
Deferred revenue | 962 | 1,258 | ||||||
Deferred rent | 3,422 | 3,363 | ||||||
Other | 14,477 | 6,888 | ||||||
Total accrued expenses and other current liabilities | $ | 61,369 | $ | 50,018 | ||||
Revolving_Credit_Facilities_an
Revolving Credit Facilities and Current Portion of Long-Term Debt | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Revolving Credit Facilities and Current Portion of Long-Term Debt [Abstract] | ||||||||||||
Short-term Debt [Text Block] | Revolving Credit Facilities and Current Portion of Long-Term Debt | |||||||||||
The following table presents revolving credit facilities and current portion of long-term debt: | ||||||||||||
December 31, | ||||||||||||
Lender | Maturity | 2014 | 2013 | |||||||||
Revolving credit facility | Capital One | 14-Apr-18 | $ | 34,299 | $ | 43,526 | ||||||
Revolving credit facility | Bank of Montreal | 31-Mar-14 | 0 | 443 | ||||||||
Current portion of long-term debt | 13 | 73 | ||||||||||
Total | $ | 34,312 | $ | 44,042 | ||||||||
The Company incurred interest expenses of $39,853, $39,286 and $41,559 for the years ended December 31, 2014, 2013 and 2012, respectively, for all outstanding borrowings. The interests subject to capitalization were not significant for the years ended December 31, 2014, 2013 and 2012. | ||||||||||||
Revolving Credit Facility - Capital One | ||||||||||||
The Company had $34,299 and $43,526 outstanding on a $50,000 asset-backed revolving credit facility with Capital One as of December 31, 2014 and 2013, respectively. The amount available for additional borrowings on December 31, 2014 was $13,146. The Capital One Credit Facility matures on April 14, 2018 and is subject to a January 15, 2018 maturity if excess availability is less than $15,000 at the time of notice to Capital One that an "applicable high yield discount obligation" redemption will be required pursuant to Section 3.01(e) of the Indenture governing the Notes (as defined in Note 8). | ||||||||||||
In March 2014, the Company entered into the Fifth Amendment to the Capital One Credit Facility which waived the obligation to maintain the minimum fixed charge coverage and maximum leverage ratios for the three months ended December 31, 2013 and March 31, 2014. Based on the Fifth Amendment, the interest rates on borrowings under the Capital One Credit Facility are equal to LIBOR plus 5.0% or the bank's prime rate plus 4.0% at the Company's option and are subject to specified borrowing requirements and covenants. In addition, the Fifth Amendment reset the minimum fixed charge coverage ratios, maximum leverage ratios, maximum capital expenditures and minimum adjusted EBITDA. | ||||||||||||
On March 25, 2015, the Company entered into the Sixth Amendment which (i) waived any defaults under the Capital One Credit Facility due to the failure to meet the obligation to maintain the maximum leverage ratio and minimum adjusted EBITDA required for the measurement periods ended December 31, 2014, as defined in the credit agreement, (ii) waived the obligation to maintain the minimum fixed charge coverage ratios, maximum leverage ratios and minimum adjusted EBITDA required for the twelve months ending March 31, 2015, (iii) included provisions to permit the Company to enter into the Standard General Credit Agreement, (iv) reset financial covenants relating to maintaining minimum fixed charge coverage ratios, maximum leverage ratios and minimum adjusted EBITDA and (v) permitted the Company to borrow $15,000 under the Standard General Credit Agreement. | ||||||||||||
Standard General informed the Company that it entered into an agreement with Capital One that could result in it purchasing all of the loans and commitments outstanding under the Capital One Credit Facility by September 30, 2015 or earlier under certain other circumstances. | ||||||||||||
As of December 31, 2014, the Company was not in compliance with the maximum leverage ratio and the minimum adjusted EBITDA covenants under the Capital One Credit Facility. For the April 1, 2014 through December 31, 2014 covenant reference period, the maximum leverage ratio was 6.70 to 1.00 as compared with the covenant maximum of 5.10 to 1.00 and the minimum adjusted EBITDA was $38,186 as compared with the covenant minimum of $41,124. However, these covenant violations were waived by the Sixth Amendment. For the year ended December 31, 2014, the Company was required to maintain a minimum fixed charge coverage ratio of not less than 1.00 to 1.00 and a maximum capital expenditure of not more than $8,000. The Company was in compliance with these covenants at December 31, 2014. | ||||||||||||
The Capital One Credit Facility is secured by a lien on substantially all of the assets of the Company's domestic subsidiaries and equity interests in certain of the Company's foreign subsidiaries, subject to some restrictions. It requires that the Company maintain a lockbox arrangement and contains certain subjective acceleration clauses. In addition, Capital One may adjust the advance restriction and criteria for eligible inventory and accounts receivable at its discretion. The Capital One Credit Facility contains cross-default provisions whereby an event of default under the Senior Notes Indenture (the "Indenture") or other indebtedness, in each case of an amount greater than a specified threshold, would cause an event of default under the Capital One Credit Facility. As of December 31, 2014, the Company had $1,080 of outstanding letters of credit secured against the Capital One Credit Facility. | ||||||||||||
Revolving Credit Facility - Bank of Montreal | ||||||||||||
The Company's 100% owned Canadian subsidiaries had a revolving credit facility with Bank of Montreal. Outstanding amounts under this credit facility were repaid, and the agreement expired, on March 31, 2014. |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Long-term Debt, Unclassified [Abstract] | ||||||||
Long-term Debt [Text Block] | Long-Term Debt | |||||||
Long-term debt consists of the following: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Senior Secured Notes due 2020 (a) | $ | 208,084 | $ | 203,265 | ||||
Standard General Loan Agreement (b) | 9,049 | 0 | ||||||
Lion Loan Agreement (c) | 0 | 9,865 | ||||||
Other | 268 | 411 | ||||||
Total long-term debt | 217,401 | 213,541 | ||||||
Current portion of debt | (13 | ) | (73 | ) | ||||
Long-term debt, net of current portion | $ | 217,388 | $ | 213,468 | ||||
______________________ | ||||||||
(a) Includes accrued interest paid-in-kind of $7,233 and $3,044 and net of unamortized discount of $5,149 and $5,779 at December 31, 2014 and 2013, respectively. | ||||||||
(b) Net of unamortized discount of $816 at December 31, 2014. | ||||||||
(c) Includes accrued interest paid-in-kind of $365 at December 31, 2013. Assigned to Standard General on July 16, 2014. | ||||||||
Senior Secured Notes due 2020 | ||||||||
The Company has outstanding senior secured notes (the "Notes") issued at 97% of the $206,000 par value on April 4, 2013. The Notes mature on April 15, 2020 and bear interest at 15% per annum, of which 2% is payable in-kind until April 14, 2018 and in cash on subsequent interest dates. Interest of approximately $13,900 per payment period in 2015 is payable semi-annually, in arrears, on April 15 and October 15. On April 14, 2014 and October 15, 2014, the Company paid $13,390 and $13,666 in interest on the Notes, respectively. | ||||||||
On or after April 15, 2017, the Company may, at its option, redeem some or all of the Notes at a premium, decreasing ratably over time to zero as specified in the Indenture, plus accrued and unpaid interest to, but not including, the redemption date. Prior to April 15, 2017, the Company may, at its option, redeem up to 35% of the aggregate principal amount of the Notes with the net cash proceeds of certain equity offerings at a redemption price of 113% of the aggregate principal amount of the redeemed notes plus accrued and unpaid interest to, but not including, the redemption date. In addition, at any time prior to April 15, 2017, the Company may, at its option, redeem some or all of the Notes by paying a "make whole" premium, plus accrued and unpaid interest to, but not including, the redemption date. If the Company experiences certain change of control events, the holders of the Notes will have the right to require the Company to purchase all or a portion of the Notes at a price in cash equal to 101% of the principal amount of such Notes, plus accrued and unpaid interest to, but not including, the date of purchase. In addition, the Company is required to use the net proceeds of certain asset sales, if not used for specified purposes, to purchase some of the Notes at 100% of the principal amount, plus accrued and unpaid interest to, but not including, the date of purchase. On each interest payment date after April 4, 2018, the Company will be required to redeem, for cash, a portion of each Note then outstanding equal to the amount necessary to prevent such Note from being treated as an "applicable high yield discount obligation" within the meaning of the Internal Revenue Code. The redemption price will be 100% of the principal amount plus accrued and unpaid interest thereon on the date of redemption. | ||||||||
The Notes are guaranteed, jointly and severally, on a senior secured basis by the Company's existing and future domestic subsidiaries. The Notes and the related guarantees are secured by a first-priority lien on the Company's and its domestic subsidiaries' assets (other than the Credit Facility Priority Collateral, as defined below, subject to some exceptions and permitted liens). The Notes and the related guarantees also are secured by a second-priority lien on all of Company's and its domestic subsidiaries' cash, trade accounts receivable, inventory and certain other assets (collectively, the "Credit Facility Priority Collateral"), subject to certain exceptions and permitted liens. The Notes and the guarantees, respectively, rank equal in right of payment with the Company's and its domestic subsidiaries' senior indebtedness, including indebtedness under the Capital One Credit Facility, before giving effect to collateral arrangements. | ||||||||
The Notes impose certain limitations on the ability of the Company and its domestic subsidiaries to, among other things, and subject to a number of important qualifications and exceptions, incur additional indebtedness or issue disqualified capital stock or preferred stock (with respect to restricted subsidiaries), grant liens, make payments in respect of their capital stock or certain indebtedness, enter into transactions with affiliates, create dividend or other payment restrictions affecting subsidiaries, merge or consolidate with any other person, sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its assets or adopt a plan of liquidation. The Company must annually report to the trustee on compliance with such limitations. The Notes also contain cross-default provisions whereby a payment default or acceleration of any indebtedness in an aggregate amount greater than a specified threshold would cause an event of default with respect to the Notes. | ||||||||
As of December 31, 2014, the Company was in compliance with the required covenants of the Indenture. | ||||||||
Standard General Loan Agreement | ||||||||
On July 7, 2014, Lion issued a notice of acceleration to the Company under the Lion Loan Agreement as a result of the Board's decision to suspend Mr. Charney as CEO of the Company. The notice accelerated and declared the amounts outstanding under the Lion Loan Agreement and any accrued interest immediately due and payable. On July 14, 2014, Lion issued a notice rescinding the notice of acceleration. On July 16, 2014, Lion assigned its rights and obligations as a lender under the Lion Loan Agreement to Standard General. Standard General has waived any default under the Standard General Loan Agreement that may have resulted or which might result from Mr. Charney not being the CEO of the Company. | ||||||||
On September 8, 2014, the Company entered into an amendment of the Standard General Loan Agreement to lower the applicable interest rate to 17%, extend the maturity to April 15, 2021, and make certain other technical amendments, including to remove a provision that specified that Mr. Charney not being the CEO of the Company would constitute an event of default. The principal amount of the term loan was $9,865. Interest under the loan agreement is payable in cash or, to the extent permitted by the Company's other debt agreements, in-kind. | ||||||||
As a result of the September 8, 2014 amendment, the Company evaluated the change in cash flows and determined that there was a greater than 10% change between the present values of the existing loan and the amended loan causing an extinguishment of debt. The Company recorded the amended loan at its fair value of $9,034 and recorded a gain of $171 on extinguishment of debt. Additionally, the $831 difference between the original principal amount of $9,865 and the fair value of the amended loan of $9,034 was recorded as a discount and will be recognized as interest expense using the effective interest method over the remaining term of the amended loan. | ||||||||
Standard General Credit Agreement | ||||||||
On March 25, 2015, one of the Company's subsidiaries borrowed $15,000 under the Standard General Credit Agreement. The Standard General Credit Agreement is guaranteed by the Company, bears interest at 14% per annum, and will mature on October 15, 2020. | ||||||||
The Standard General Credit Agreement contains customary defaults, including cross event of default to the Notes and the Standard General Loan Agreement and cross acceleration to other indebtedness above a threshold amount. | ||||||||
If the Company experiences certain change of control events, the Company is required to offer to prepay the Standard General Credit Agreement at 101% of the outstanding principal amount plus accrued and unpaid interest on the date of the prepayment. The Company will be required to prepay loans under the Standard General Credit Agreement to the extent necessary to avoid the loan being characterized as an "applicable high yield discount obligation" within the meaning of the Internal Revenue Code, by the first interest payment date following the fifth anniversary of closing. | ||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | Long-term debt consists of the following: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Senior Secured Notes due 2020 (a) | $ | 208,084 | $ | 203,265 | ||||
Standard General Loan Agreement (b) | 9,049 | 0 | ||||||
Lion Loan Agreement (c) | 0 | 9,865 | ||||||
Other | 268 | 411 | ||||||
Total long-term debt | 217,401 | 213,541 | ||||||
Current portion of debt | (13 | ) | (73 | ) | ||||
Long-term debt, net of current portion | $ | 217,388 | $ | 213,468 | ||||
______________________ | ||||||||
(a) Includes accrued interest paid-in-kind of $7,233 and $3,044 and net of unamortized discount of $5,149 and $5,779 at December 31, 2014 and 2013, respectively. | ||||||||
(b) Net of unamortized discount of $816 at December 31, 2014. | ||||||||
(c) Includes accrued interest paid-in-kind of $365 at December 31, 2013. Assigned to Standard General on July 16, 2014. |
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Fair Value of Financial Instruments [Abstract] | |||||||||
Fair Value Disclosures [Text Block] | Fair Value of Financial Instruments | ||||||||
The Company's financial instruments at fair value are measured on a recurring basis. Related unrealized gains or losses are recognized in unrealized (gain) loss on change in fair value of warrants in the consolidated statements of operations. For additional disclosures regarding methods and assumptions used in estimating fair values of these financial instruments, see Note 2. | |||||||||
The following tables present carrying amounts and fair values of the Company's financial instruments as of December 31, 2014 and 2013, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. The Company did not have any assets or liabilities categorized as Level 1 as of December 31, 2014. | |||||||||
31-Dec-14 | |||||||||
Carrying Amount | Fair Value | ||||||||
Senior Secured Notes due 2020 | Level 2 Liability | $ | 208,084 | $ | 211,538 | ||||
Standard General Loan Agreement | Level 3 Liability | 9,049 | 8,868 | ||||||
Lion Warrant | Level 3 Liability | (a) | 19,239 | ||||||
$ | 217,133 | $ | 239,645 | ||||||
31-Dec-13 | |||||||||
Carrying Amount | Fair Value | ||||||||
Senior Secured Notes due 2020 | Level 3 Liability | $ | 203,265 | $ | 191,065 | ||||
Lion Loan Agreement | Level 3 Liability | 9,865 | 9,773 | ||||||
Lion Warrant | Level 3 Liability | (a) | 20,954 | ||||||
$ | 213,130 | $ | 221,792 | ||||||
______________________ | |||||||||
(a) No cost is associated with these liabilities (see Note 13). | |||||||||
The following table presents a summary of changes in fair value of the Lion Warrant (Level 3 financial liabilities) which are marked to market on a periodic basis: | |||||||||
2014 | 2013 | ||||||||
Beginning balance | $ | 20,954 | $ | 17,241 | |||||
Adjustments included in earnings (a) | (1,715 | ) | 3,713 | ||||||
Ending balance | $ | 19,239 | $ | 20,954 | |||||
______________________ | |||||||||
(a) The amount of total gains or losses for the period attributable to the change in unrealized gains or losses relating to liabilities held at the reporting date. The unrealized gains or losses are recorded in unrealized (gain) loss on change in fair value of warrants in the consolidated statements of operations. |
Capital_Lease_Obligations
Capital Lease Obligations | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Capital Lease Obligations [Abstract] | |||||
Capital Leases in Financial Statements of Lessee Disclosure [Text Block] | Capital Lease Obligations | ||||
The Company leases certain equipment under capital lease arrangements expiring at various dates through the year 2017. The assets and liabilities under capital leases are recorded at the lower of the present values of the minimum lease payments or the fair values of the assets. The interest rates pertaining to these capital leases range from 0.4% to 24.1% (weighted average interest rate is 9.4%). | |||||
The following table presents future minimum commitments for capital leases as of December 31, 2014: | |||||
Year Ending December 31, | Capital Leases | ||||
2015 | $ | 3,328 | |||
2016 | 2,030 | ||||
2017 | 27 | ||||
2018 | 0 | ||||
2019 | 0 | ||||
Thereafter | 0 | ||||
Total future minimum lease payments | 5,385 | ||||
Less: Amount representing interest | 425 | ||||
Net minimum lease payments | $ | 4,960 | |||
Current portion | $ | 2,978 | |||
Long-term portion | $ | 1,982 | |||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Income Tax Disclosure [Abstract] | ||||||||||||
Income Tax Disclosure [Text Block] | ncome Taxes | |||||||||||
Income tax provision | ||||||||||||
Components of income (loss) before income taxes are as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
U.S. | $ | (68,695 | ) | $ | (107,637 | ) | $ | (38,365 | ) | |||
Foreign | 2,037 | 3,110 | 4,906 | |||||||||
$ | (66,658 | ) | $ | (104,527 | ) | $ | (33,459 | ) | ||||
Components of the income tax provision are as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Current: | ||||||||||||
Federal | $ | 0 | $ | 0 | $ | 0 | ||||||
State | 401 | 200 | 134 | |||||||||
Foreign | 2,137 | 2,024 | 3,446 | |||||||||
Total current | 2,538 | 2,224 | 3,580 | |||||||||
Deferred: | ||||||||||||
Federal | 0 | (402 | ) | 0 | ||||||||
State | 0 | 0 | 0 | |||||||||
Foreign | (379 | ) | (51 | ) | 233 | |||||||
Total deferred | (379 | ) | (453 | ) | 233 | |||||||
Income tax provision | $ | 2,159 | $ | 1,771 | $ | 3,813 | ||||||
The following presents a reconciliation of income taxes at the U.S. federal statutory rate to the Company's actual taxes. | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Taxes at the statutory federal tax rate of 35% | $ | (23,330 | ) | $ | (36,585 | ) | $ | (11,711 | ) | |||
State tax, net of federal benefit | (1,610 | ) | (4,059 | ) | 4,913 | |||||||
Change in valuation allowance | 20,966 | 42,771 | 5,123 | |||||||||
Return to provision adjustments | 1,731 | 0 | 0 | |||||||||
Tax differential on vesting of stock grants | 2,820 | 0 | 0 | |||||||||
Change in state deferred rate | 670 | 0 | 0 | |||||||||
Foreign tax rate differential | (148 | ) | 10 | (618 | ) | |||||||
Unrealized (gain) loss on warrants | (600 | ) | 1,299 | 4,809 | ||||||||
Other | 1,660 | (1,665 | ) | 1,297 | ||||||||
Total income tax provision | $ | 2,159 | $ | 1,771 | $ | 3,813 | ||||||
Deferred Income Taxes | ||||||||||||
Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial reporting basis and the respective tax basis of the Company's assets and liabilities, and expected benefits of utilizing | ||||||||||||
net operating loss and tax-credit carryforwards. The Company reduces deferred tax assets resulting from future tax benefits by a valuation allowance if, based on the weight of the available evidence, it is more likely than not that some portion or all of these deferred taxes will not be realized. The Company has determined it is more likely than not that it will not realize the benefit of its deferred tax assets and accordingly has recorded full valuation allowances against U.S. and most foreign jurisdiction deferred tax assets. Significant components of the Company's net deferred tax assets and liabilities are as follows: | ||||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Deferred tax assets: | ||||||||||||
Net operating loss carryforwards | $ | 76,582 | $ | 62,052 | ||||||||
Accrued liabilities | 18,997 | 16,134 | ||||||||||
Federal and California tax credits | 12,067 | 12,067 | ||||||||||
Foreign tax credits | 11,034 | 9,296 | ||||||||||
Inventory reserves | 7,583 | 6,877 | ||||||||||
Fixed assets | 8,713 | 5,723 | ||||||||||
Deferred rent | 5,536 | 7,295 | ||||||||||
Deferred gift card income | 2,784 | 2,379 | ||||||||||
Other | 2,426 | 1,833 | ||||||||||
Allowance for doubtful accounts | 158 | 831 | ||||||||||
Total gross deferred tax assets | 145,880 | 124,487 | ||||||||||
Less valuation allowance | (143,062 | ) | (120,694 | ) | ||||||||
Deferred tax assets, net of valuation allowance | $ | 2,818 | $ | 3,793 | ||||||||
Deferred tax liabilities: | ||||||||||||
Prepaid expenses | $ | (1,188 | ) | $ | (1,432 | ) | ||||||
Other | 0 | (1,113 | ) | |||||||||
Total gross deferred tax liabilities | (1,188 | ) | (2,545 | ) | ||||||||
Net deferred tax assets | $ | 1,630 | $ | 1,248 | ||||||||
At December 31, 2014, the Company had U.S. Federal NOL carryforwards of $202,781 expiring beginning in 2030, state NOL carryforwards of $121,211 expiring beginning in 2020 and foreign NOL carryforwards of $9,596 with expiration dates starting in 2015 (certain foreign loss carryforwards do not expire). | ||||||||||||
Section 382 of the Internal Revenue Code of 1986, as amended (the "Code"), may limit the ability to use U.S. federal NOL and tax credit carryforwards as a result of ownership changes that have occurred previously or that could occur in the future. In general, an ownership change, as defined by Section 382 of the Code, results from transactions increasing the ownership of certain shareholders or public groups in the stock of a corporation by more than 50 percentage points over a three-year period. The Company believes that an ownership change has not occurred through December 31, 2014, and U.S. federal NOL and other tax attribute carryforwards are not limited. | ||||||||||||
The Company has California state tax credits of $11,800, which carryover for ten years. Management determined that it is more likely than not that the state tax credits are not realizable due to the Company's inability to generate future tax liabilities and accordingly has provided a full valuation allowance against the unused California credit carryforwards. | ||||||||||||
The Company does not provide for U.S. federal income taxes on the undistributed earnings ($21,004 at December 31, 2014) of its controlled foreign corporations because earnings are considered to be permanently reinvested outside of the U.S. Determination of U.S. income taxes, as adjusted for tax credits and foreign withholding taxes, that would be incurred upon any future distribution is not practicable because of the complexities associated with its hypothetical calculation. Any U.S. tax consequences more likely than not will be substantially eliminated as a result of significant U.S. federal and state NOLs to utilize to offset any tax effect of repatriation. | ||||||||||||
Uncertainty in Income Taxes | ||||||||||||
The Company recognizes tax benefits related to positions taken, or expected to be taken, on a tax return only if, "more-than-likely-than-not" the positions are sustainable. Once this threshold has been met, the Company's measurement of its expected tax benefits is recognized in its financial statements. A reconciliation of the beginning and ending balances of unrecognized tax benefits is as follows: | ||||||||||||
2014 | 2013 | |||||||||||
Balance at January 1 | $ | 0 | $ | 0 | ||||||||
Increases for tax positions in prior periods | 477 | 0 | ||||||||||
Balance at December 31 | $ | 477 | $ | 0 | ||||||||
The Company recognizes interest accrued related to unrecognized tax benefits and penalties as income tax expense. Related to the unrecognized tax benefits noted above, the Company accrued interest and penalties of $24 and $48, respectively for the year ended December 31, 2014. The Company does not believe that it is reasonably possible that there will be any decrease in unrecognized tax benefits during the next twelve months. | ||||||||||||
The Company is subject to U.S. federal income tax as well as income tax in multiple state and foreign jurisdictions. The Internal Revenue Service ("IRS") completed its audit on the Company's tax year 2011, and there was no assessment. Tax years that remain subject to examination by the IRS are 2012 through 2014. The Company's state and foreign tax returns are open to audit under similar statute of limitations for the calendar years 2009 through 2014. |
Related_Party_Transaction
Related Party Transaction | 12 Months Ended |
Dec. 31, 2014 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Related Party Transactions |
Personal Guarantees by Mr. Charney | |
As of December 31, 2014, Mr. Charney personally guaranteed the Company's obligations under two property leases aggregating $9,210 in obligations. | |
Lease Agreement between the Company and a Related Party | |
The Company has an operating lease expiring in November 2016 for its knitting facility with American Central Plaza, LLC, which is partially owned by Mr. Charney and Marty Bailey, the Company's Chief Manufacturing Officer ("CMO"). Mr. Charney holds an 18.75% ownership interest in American Central Plaza, LLC, while the CMO holds a 6.25% interest. The remaining members of American Central Plaza, LLC are not affiliated with the Company. Rent expenses (including property taxes and insurance payments) related to this lease were $717, $778 and $830 for the years ended December 31, 2014, 2013 and 2012, respectively. | |
Payments to Morris Charney | |
Morris Charney ("Mr. M. Charney") is Mr. Charney's father and served as a director of American Apparel Canada Wholesale Inc. and a director of American Apparel Canada Retail Inc. until June 28, 2014. Day to day operations of these two Canadian subsidiaries are handled by their management and employees, none of whom performs any policy making functions for the Company. The Company's management sets the policies for American Apparel, Inc. and its subsidiaries as a whole. Mr. M. Charney did not perform any policy making functions for the Company or any of its subsidiaries. Mr. M. Charney only provided architectural consulting services primarily for stores located in Canada and, in limited cases, in the U.S. Mr. M. Charney was paid architectural consulting and director fees amounting to $70, $238 and $260 for the years ended December 31, 2014, 2013 and 2012, respectively. | |
Agreements between Mr. Charney and Standard General | |
As of December 31, 2014, Mr. Charney owned 42.3% of the Company's outstanding common stock. Mr. Charney and Standard General collectively controlled the right to vote such common stock. | |
On June 25, 2014, Mr. Charney entered into a letter agreement with Standard General in which, if Standard General was able to acquire at least 10% of the Company's outstanding shares, Standard General would loan Mr. Charney the funds needed for him to purchase those acquired shares from Standard General (the "SG-Charney Loan"). Between June 26, 2014 and June 27, 2014, Standard General acquired 27,351 of the Company's outstanding shares, and Mr. Charney purchased those shares at a price of $0.715 per share using the proceeds from the SG-Charney Loan. According to Mr. Charney's Schedule 13D/A, dated June 25, 2014, the loan bears interest at 10% per annum, payable in-kind and matures on July 15, 2019, with no prepayment penalty. The loan is collateralized by the newly acquired shares as well as by Mr. Charney's original shares of the Company's outstanding common stock. | |
On July 9, 2014, Mr. Charney and Standard General entered into a cooperation agreement, which provides, among other things, that neither Mr. Charney nor Standard General will vote the common stock owned by Mr. Charney except in a manner approved by the parties in writing, except that Mr. Charney may vote certain of his shares in favor of his own election to the Board and may vote all of such shares pursuant to the Investment Voting Agreement dated March 13, 2009 between Mr. Charney and Lion. In addition, Mr. Charney agreed to enter into warrant agreements with Standard General that would give Standard General the right exercisable, on or prior to July 15, 2017, to purchase from Mr. Charney 32,072 shares (consisting of the 27,351 shares purchased by using the proceeds from the SG-Charney Loan and 10% of Mr. Charney's 47,209 original shares). | |
Loans held by Standard General | |
See Note 8 for a description of the Standard General Loan Agreement assigned to Standard General on July 16, 2014 and Standard General Credit Agreement between the Company and Standard General in March 2015. | |
Loan and Warrants held by Lion | |
See Note 8 for a description of the loan made by Lion to the Company (and assigned to Standard General on July 16, 2014) and Note 13 for a description of the warrants issued by the Company to Lion. |
Stockholders_Equity_Notes
Stockholders' Equity (Notes) | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Stockholders' Equity Attributable to Parent [Abstract] | ||||||||||
Stockholders' Equity Note Disclosure [Text Block] | Stockholders' Deficit | |||||||||
Rights Plan | ||||||||||
On December 21, 2014, the Board adopted a stockholders rights plan (the "Rights Plan"). Under the Rights Plan, the Company declared a dividend of one preferred share purchase right for each share of its common stock held by shareholders of record as of January 2, 2015. Each right entitles the registered holder to purchase from the Company a unit consisting of one ten-thousandth of a share (a "Unit") of Series B Junior Participating Preferred Stock, par value $0.0001 per share, at a purchase price of $3.25 per Unit, subject to adjustment. | ||||||||||
Public Offering | ||||||||||
On March 31, 2014, the Company completed a public offering of 61,645 shares of its common stock at $0.50 per share for net proceeds of $28,435. | ||||||||||
Common Stock Warrants | ||||||||||
As a result of the public offering in March 2014, Lion received the right to purchase an additional 2,905 shares of the Company's common stock, and the exercise price of all of Lion held warrants (the "Lion Warrants") was adjusted from $0.75 per share to $0.66 per share. Such adjustments were required by the terms of the existing Lion Warrants. As of December 31, 2014, Lion held warrants to purchase 24,511 shares of the Company's common stock, with an exercise price of $0.66 per share. These warrants will expire on February 18, 2022. | ||||||||||
The Lion Warrants, as amended, contain certain anti-dilution protections in favor of Lion providing for proportional adjustment of the warrant price and, under certain circumstances, the number of shares of the Company's common stock issuable upon exercise of the Lion Warrants, in connection with, among other things, stock dividends, subdivisions and combinations and the issuance of additional equity securities at less than fair market value, as well as providing for the issuance of additional warrants to Lion in the event of certain equity sales or debt for equity exchanges. | ||||||||||
The fair value of the Lion Warrants as of December 31, 2014 and 2013, estimated using the Binomial Lattice option valuation model, were $19,239 and $20,954, respectively, and recorded as a current liability in the consolidated balance sheets. The calculation assumed a stock price of $1.03, exercise price of $0.66, volatility of 73.85%, annual risk free interest rate of 1.99%, a contractual remaining term of 7.2 years and no dividends. | ||||||||||
The following table presents a summary of common stock warrants activities: | ||||||||||
Shares | Weighted | Weighted | ||||||||
(in thousands) | -Average | -Average | ||||||||
Exercise Price | Contractual Life (in years) | |||||||||
Outstanding - January 1, 2012 | 22,606 | $ | 1.05 | 6 | ||||||
Issued (a) | 44,212 | 0.9 | 0 | |||||||
Forfeited (a) | (44,212 | ) | 1.03 | 0 | ||||||
Expired | 0 | 0 | 0 | |||||||
Outstanding - December 31, 2012 | 22,606 | $ | 0.81 | 8.8 | ||||||
Issued (a) | 0 | 0 | 0 | |||||||
Forfeited (a) | 0 | 0 | 0 | |||||||
Expired | (1,000 | ) | 2.15 | 0 | ||||||
Outstanding - December 31, 2013 | 21,606 | $ | 0.75 | 8.2 | ||||||
Issued (a) | 24,511 | 0.66 | 8 | |||||||
Forfeited (a) | (21,606 | ) | 0.75 | 0 | ||||||
Expired | 0 | 0 | 0 | |||||||
Outstanding - December 31, 2014 | 24,511 | $ | 0.66 | 7.2 | ||||||
Fair Value - December 31, 2014 | $ | 19,239 | ||||||||
______________________ | ||||||||||
(a) Issued and forfeited warrants represent repriced shares. | ||||||||||
Earnings Per Share | ||||||||||
The Company presents EPS utilizing a dual presentation of basic and diluted EPS. Basic EPS excludes dilution and reflects net loss divided by the weighted-average shares of common stock outstanding for the period presented. Diluted EPS includes the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. | ||||||||||
The Company had common stock under various options, warrants, and other agreements at December 31, 2014, 2013 and 2012. The weighted-average effects of 38,225, 46,684 and 53,478 shares at December 31, 2014, 2013 and 2012, respectively, were excluded from the calculation of net loss per share for the years ended December 31, 2014, 2013, and 2012 because their impact would have been anti-dilutive. | ||||||||||
A summary of the potential stock issuances under various options, warrants, and other agreements that could have a dilutive effect on the shares outstanding as of December 31, 2014, 2013, and 2012 are as follows: | ||||||||||
2014 | 2013 | 2012 | ||||||||
SOF Warrants | 0 | 0 | 1,000 | |||||||
Lion Warrants | 24,511 | 21,606 | 21,606 | |||||||
Shares issuable to Mr. Charney based on market conditions (a) | 13,611 | 20,416 | 20,416 | |||||||
Contingent shares issuable to Mr. Charney based on market conditions (b) | 0 | 2,112 | 2,112 | |||||||
Contingent shares issuable to Mr. Charney based on performance factors (c) | 0 | 0 | 5,000 | |||||||
Employee options & restricted shares | 103 | 2,550 | 3,344 | |||||||
38,225 | 46,684 | 53,478 | ||||||||
______________________ | ||||||||||
(a) Charney Anti-Dilution Rights pursuant to the April 26, 2011 Investor Purchase Agreement, of which 6,805 expired unexercised on April 15, 2014 (Note 14). | ||||||||||
(b) Pursuant to the March 24, 2011 conversion of debt to equity, which expired unexercised on March 24, 2014. | ||||||||||
(c) Pursuant to Mr. Charney's employment agreement commenced April 1, 2012, of which 5,000 expired unexercised on December 31, 2013 (Note 14). |
SharedBased_Compensation
Shared-Based Compensation | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Share-based Compensation [Abstract] | |||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Share-Based Compensation | ||||||||||
The American Apparel, Inc. 2011 Omnibus Stock Incentive Plan (the "2011 Plan") authorizes the granting of a variety of incentive awards, the exercise or vesting of which would allow up to an aggregate of 17,500 shares of the Company's common stock to be acquired by the holders of such awards and authorizes up to 3,000 shares that may be awarded to any participant during any calendar year. The purpose of the 2011 Plan is to provide an incentive to selected employees, directors, independent contractors, and consultants of the Company or its affiliates, and provides that the Company may grant options, stock appreciation rights, restricted stock, and other stock-based and cash-based awards. As of December 31, 2014, there were approximately 12,664 shares available for future grants under the 2011 Plan. | |||||||||||
The Company has identified a clerical discrepancy in its records pertaining to the total historic number of shares issued in connection with grants of common stock to non-executive employees under its stock incentive plans. The Company has not yet determined the full impact of the discrepancy but anticipates that it may result in a non-material reduction in the number of outstanding shares of common stock reported by the Company. | |||||||||||
Restricted Share Awards - The following table presents a summary of the restricted share awards activity: | |||||||||||
Shares | Weighted-Average Grant Date Fair Value Per Share | Weighted-Average Remaining | |||||||||
(in thousands) | Vesting Period | ||||||||||
(in years) | |||||||||||
Non-vested - January 1, 2012 | 3,186 | $ | 1.45 | 2.7 | |||||||
Granted | 1,418 | 0.93 | |||||||||
Vested | (1,783 | ) | 1.23 | ||||||||
Forfeited | (177 | ) | 1.13 | ||||||||
Non-vested - December 31, 2012 | 2,644 | $ | 1.33 | 1.3 | |||||||
Granted | 963 | 1.75 | |||||||||
Vested | (1,650 | ) | 1.42 | ||||||||
Forfeited | (107 | ) | 1.6 | ||||||||
Non-vested - December 31, 2013 | 1,850 | $ | 1.46 | 0.9 | |||||||
Granted | 1,055 | 0.74 | |||||||||
Vested | (2,519 | ) | 1.14 | ||||||||
Forfeited | (283 | ) | 1.65 | ||||||||
Non-vested - December 31, 2014 | 103 | $ | 1.17 | 0.3 | |||||||
Vesting of the restricted share awards to employees may be either immediately upon grant or over a period of three to five years of continued service by the employee in equal annual installments. Vesting is immediate in the case of members of the Board. Share-based compensation is recognized over the vesting period based on the grant-date fair value. | |||||||||||
Stock Option Awards - The following table presents a summary of the stock option activity: | |||||||||||
Shares | Weighted-Average Exercise Price | Weighted-Average Contractual Remaining Life | Aggregate Intrinsic Value | ||||||||
(in thousands) | (in years) | (in thousands) | |||||||||
Outstanding - January 1, 2012 | 950 | $ | 1.06 | 9.5 | |||||||
Granted | 0 | ||||||||||
Forfeited | 0 | ||||||||||
Expired | (250 | ) | $ | 1.75 | |||||||
Outstanding - December 31, 2012 | 700 | $ | 0.82 | 8.8 | |||||||
Granted | 0 | ||||||||||
Forfeited | 0 | ||||||||||
Expired | 0 | ||||||||||
Outstanding - December 31, 2013 | 700 | $ | 0.82 | 7.8 | |||||||
Granted | 0 | ||||||||||
Exercised | (700 | ) | $ | 0.82 | |||||||
Forfeited | 0 | ||||||||||
Expired | 0 | ||||||||||
Outstanding - December 31, 2014 | 0 | ||||||||||
Vested (exercisable) - December 31, 2014 | 0 | ||||||||||
Non-vested - December 31, 2014 | 0 | ||||||||||
Share-Based Compensation Expense - The Company recorded share-based compensation expenses of $4,317, $8,451 and $10,580 for the years ended December 31, 2014, 2013 and 2012, respectively, related to its share-based compensation awards that are expected to vest. No amounts have been capitalized. As of December 31, 2014, unrecorded compensation cost related to non-vested awards was $101, which is expected to be recognized through 2017. | |||||||||||
Mr. Charney Anti-Dilution Rights - In 2011, the Company provided Mr. Charney with certain anti-dilution rights (the ''Charney Anti-Dilution Rights"), which provided that Mr. Charney has a right to receive from the Company, subject to the satisfaction of certain average volume weighted closing price targets, and other terms and conditions set forth in the agreement, up to 20,416 shares of the Company's common stock as anti-dilution protection. | |||||||||||
The fair value of these awards was determined under the Monte Carlo simulation pricing model. The calculation was based on the exercise price of $0, the stock price of $1.3, annual risk free rate of 0.45%, volatility of 90.46% and a term of 3.5 years. The Company considered the shares to be awards with market conditions, and the related service and amortization period for the shares occur in three measurement periods. | |||||||||||
On April 15, 2014, the last day of the first measurement period, the Company determined that the vesting requirements for such period were not met and 6,805 of the 20,416 anti-dilution rights expired unexercised. On December 16, 2014, the Board terminated Mr. Charney for cause in accordance with the terms of his employment agreement. Despite the termination, the unexercised anti-dilution rights remain exercisable under the 2011 Investor Purchase Agreement but are immediately vested. The remaining unrecognized compensation cost of | |||||||||||
$233 was recognized as of December 31, 2014. The Company recorded share-based compensation expense associated with Mr. Charney's certain anti-dilution rights of $1,985, $6,459 and $5,440 for the years ended December 31, 2014, 2013 and 2012, respectively. | |||||||||||
Mr. Charney Performance-Based Award - Effective April 1, 2012, the Company provided Mr. Charney the rights to 7,500 shares of the Company's stock which were issuable in three equal installments, one per each measurement period, only upon the achievement of certain EBITDA targets for each of fiscal 2014, 2013 and 2012. The fair value of the award was based on the grant-date share price of $0.75 per share. For 2012, the Company achieved the target EBITDA and Mr. Charney received 2,500 shares. For 2013, the Company did not achieve the target EBITDA and reversed previously recorded share-based compensation expense of $703. For 2014, the achievement of the performance condition was no longer considered probable, and previously recognized compensation costs of $469 were reversed during 2013. As of December 31, 2014, there was no unrecorded compensation cost related to this EBITDA award. | |||||||||||
Non-Employee Directors - On January 2, 2014, April 1, 2014, July 1, 2014, and January 2, 2015, the Company issued a quarterly stock grant to each director for services performed of approximately 8, 20, 11, and 11 shares based on grant date fair values of $1.21, $0.50, $0.87, and $1.05 per share, respectively. | |||||||||||
In connection with the Standstill and Support Agreement, four non-employee directors resigned from the Board, and seven new directors were appointed to the Board. On September 15, 2014, each of the four resigned non-employee directors received a pro-rated quarterly stock grant of approximately 4 shares based on grant date fair value of $0.88 per share. On October 1, 2014, the Company issued quarterly stock grants ranging from approximately 4 to 16 shares based on the grant date fair value of $0.81 per share. On January 2, 2015, the Company issued quarterly stock grants to each director ranging from approximately 10 to 19 shares based on the grant date fair value of $1.05 per share. |
Workers_Compensation_and_Other
Workers' Compensation and Other Self-Insurance Reserve | 12 Months Ended |
Dec. 31, 2014 | |
Workers' Compensation and Other Self-Insurance Reserves [Abstract] | |
Insurance Disclosure [Text Block] | Workers' Compensation and Other Self-Insurance Reserves |
The Company uses a combination of third-party insurance and self-insurance for a number of risks including workers' compensation, medical benefits provided to employees, and general liability claims. General liability claims primarily relate to litigation that arises from store operations. | |
Estimating liability is a difficult process as many factors can ultimately affect the final settlement of a claim and, therefore, the reserve required. Changes in future inflation rates, litigation trends, legal interpretations, benefit levels, and settlement patterns, among other factors, can impact ultimate claim costs. The Company estimates liability by utilizing loss development factors based on its specific data to project the future development of incurred losses. Loss estimates are adjusted based upon actual claim settlements and reported claims. Although the Company does not expect ultimate claim costs significantly differ from its estimates, self-insurance reserves could be affected if actual developed claims considerably fluctuate from the historical trends and the assumptions applied. The Company's estimated claims are discounted using a rate of 1.54% with a duration that approximates the duration of its self-insurance reserve portfolio. The undiscounted liabilities were $20,409 and $15,809 as of December 31, 2014 and 2013, respectively. | |
The workers' compensation liability is based on an estimate of losses for claims incurred, but not paid at the end of the period. Funding is made directly to the providers and/or claimants by the insurance company. To guarantee performance under the workers' compensation program, the Company issued standby letters of credit of $300 and $450 with insurance companies being the beneficiaries as of December 31, 2014 and 2013, respectively and cash deposits of $16,124 in favor of insurance company beneficiaries as of both December 31, 2014 and 2013. In early 2015, the Company increased cash deposits to approximately $18,000. At December 31, 2014, the Company recorded a total reserve of $19,560, of which $5,321 is included in accrued expenses and $14,239 is included in other long-term liabilities on the consolidated balance sheets. At December 31, 2013, the Company recorded a total reserve of $15,356, of which, $3,871 is included in accrued expenses and $11,485 is included in other long-term liabilities on the consolidated balance sheets. | |
The Company self-insures its health insurance benefit obligations while the claims are administered through a third party administrator. The medical benefit liability is based on estimated losses for claims incurred, but not paid at the end of the period. Funding is made directly to the providers and/or claimants by the insurance company. The Company's total reserves of $1,439 and $2,512 are included in accrued expenses in the consolidated balance sheets at December 31, 2014 and 2013, respectively. |
Business_Segment_and_Geographi
Business Segment and Geographic Area Information | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Business Segment and Geographic Area Information [Abstract] | ||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | Business Segment and Geographic Area Information | |||||||||||||||||||
The Company reports the following four operating segments based on the management approach: U.S. Wholesale, U.S. Retail, Canada, and International. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company's reportable segments. | ||||||||||||||||||||
The U.S. Wholesale segment consists of the Company's wholesale operations of undecorated apparel products sold to distributors and third party screen printers in the U.S. as well as its online consumer sales. The Retail segment consists of the Company's retail operations in the U.S., which comprised 136 retail stores as of December 31, 2014. The Canada segment includes wholesale, retail, and online consumer operations in Canada. As of December 31, 2014, the retail operations in the Canada segment comprised 31 retail stores. The International segment includes wholesale, retail, and online consumer operations outside of the U.S. and Canada. As of December 31, 2014, the retail operations in the International segment comprised 75 retail stores operating in 18 countries outside the U.S. and Canada. All of the Company's retail stores sell its apparel products directly to consumers. | ||||||||||||||||||||
The Company evaluates performance of its operating segments primarily based on net sales and operating income or loss from operations. Operating income or loss for each segment does not include corporate general and administrative expenses, interest expense and other miscellaneous income/expense items. Corporate general and administrative expenses include, but are not limited to, human resources, legal, finance, information technology, accounting, executive compensation and various other corporate level expenses. | ||||||||||||||||||||
The following tables present key financial information of the Company's reportable segments before unallocated corporate expenses: | ||||||||||||||||||||
For the Year Ended December 31, 2014 | ||||||||||||||||||||
U.S. Wholesale | U.S. Retail | Canada | International | Consolidated | ||||||||||||||||
Wholesale net sales | $ | 167,795 | $ | 0 | $ | 10,224 | $ | 8,842 | $ | 186,861 | ||||||||||
Retail net sales | 0 | 191,442 | 38,087 | 131,113 | 360,642 | |||||||||||||||
Online consumer net sales | 41,174 | 0 | 3,233 | 16,981 | 61,388 | |||||||||||||||
Total net sales | 208,969 | 191,442 | 51,544 | 156,936 | 608,891 | |||||||||||||||
Gross profit | 60,182 | 123,738 | 28,023 | 97,192 | 309,135 | |||||||||||||||
Income (loss) from segment operations | 31,068 | (794 | ) | 3,838 | (1,380 | ) | 32,732 | |||||||||||||
Depreciation and amortization | 8,645 | 11,614 | 1,672 | 3,966 | 25,897 | |||||||||||||||
Capital expenditures | 2,424 | 4,018 | 415 | 2,961 | 9,818 | |||||||||||||||
Retail store impairment | 0 | 696 | 178 | 1,864 | 2,738 | |||||||||||||||
Deferred rent benefit | (443 | ) | (3,025 | ) | (202 | ) | (646 | ) | (4,316 | ) | ||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
U.S. Wholesale | U.S. Retail | Canada | International | Consolidated | ||||||||||||||||
Wholesale net sales | $ | 159,682 | $ | 0 | $ | 12,092 | $ | 8,893 | $ | 180,667 | ||||||||||
Retail net sales | 0 | 205,011 | 45,163 | 141,517 | 391,691 | |||||||||||||||
Online consumer net sales | 41,569 | 0 | 2,879 | 17,135 | 61,583 | |||||||||||||||
Total net sales to external customers | 201,251 | 205,011 | 60,134 | 167,545 | 633,941 | |||||||||||||||
Gross profit | 49,877 | 131,912 | 34,720 | 104,376 | 320,885 | |||||||||||||||
Income (loss) from segment operations | 11,981 | (2,731 | ) | 3,684 | 3,916 | 16,850 | ||||||||||||||
Depreciation and amortization | 7,418 | 12,420 | 1,853 | 4,385 | 26,076 | |||||||||||||||
Capital expenditures | 10,115 | 11,204 | 1,167 | 4,568 | 27,054 | |||||||||||||||
Retail store impairment | 0 | 642 | 144 | 754 | 1,540 | |||||||||||||||
Deferred rent expense (benefit) | 81 | (1,678 | ) | (375 | ) | (121 | ) | (2,093 | ) | |||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
U.S. Wholesale | U.S. Retail | Canada | International | Consolidated | ||||||||||||||||
Wholesale net sales | $ | 149,611 | $ | 0 | $ | 13,006 | $ | 10,278 | $ | 172,895 | ||||||||||
Retail net sales | 0 | 198,886 | 48,499 | 141,738 | 389,123 | |||||||||||||||
Online consumer net sales | 35,744 | 0 | 2,164 | 17,384 | 55,292 | |||||||||||||||
Total net sales to external customers | 185,355 | 198,886 | 63,669 | 169,400 | 617,310 | |||||||||||||||
Gross profit | 53,195 | 130,498 | 37,500 | 106,190 | 327,383 | |||||||||||||||
Income (loss) from segment operations | 27,893 | 4,197 | (57 | ) | 10,670 | 42,703 | ||||||||||||||
Depreciation and amortization | 6,322 | 10,909 | 1,543 | 4,215 | 22,989 | |||||||||||||||
Capital expenditures | 9,791 | 6,626 | 1,607 | 3,583 | 21,607 | |||||||||||||||
Retail store impairment | 0 | 243 | 130 | 1,274 | 1,647 | |||||||||||||||
Deferred rent expense (benefit) | 523 | (706 | ) | (197 | ) | (515 | ) | (895 | ) | |||||||||||
Reconciliation of reportable segments combined income from operations to the consolidated loss before income taxes is as follows: | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Income from operations of reportable segments | $ | 32,732 | $ | 16,850 | $ | 42,703 | ||||||||||||||
Unallocated corporate expenses | 60,315 | 46,145 | 41,741 | |||||||||||||||||
Interest expense | 39,853 | 39,286 | 41,559 | |||||||||||||||||
Foreign currency transaction loss | 1,479 | 1 | 120 | |||||||||||||||||
Unrealized (gain) loss on change in fair value of warrant | (1,715 | ) | 3,713 | 4,126 | ||||||||||||||||
(Gain) loss on extinguishment of debt | (171 | ) | 32,101 | (11,588 | ) | |||||||||||||||
Other (income) expense | (371 | ) | 131 | 204 | ||||||||||||||||
Consolidated loss before income taxes | $ | (66,658 | ) | $ | (104,527 | ) | $ | (33,459 | ) | |||||||||||
Net sales by geographic location of customers are as follows: | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
United States | $ | 400,411 | $ | 406,262 | $ | 384,241 | ||||||||||||||
Europe (excluding United Kingdom) | 64,760 | 70,347 | 66,861 | |||||||||||||||||
Canada | 51,544 | 60,134 | 63,669 | |||||||||||||||||
United Kingdom | 42,601 | 44,153 | 47,694 | |||||||||||||||||
South Korea | 12,696 | 10,380 | 10,732 | |||||||||||||||||
Japan | 12,836 | 18,119 | 20,336 | |||||||||||||||||
Australia | 9,293 | 10,218 | 11,458 | |||||||||||||||||
China | 7,613 | 6,894 | 5,317 | |||||||||||||||||
Other foreign countries | 7,137 | 7,434 | 7,002 | |||||||||||||||||
Total consolidated net sales | $ | 608,891 | $ | 633,941 | $ | 617,310 | ||||||||||||||
Property and equipment, net by geographic location and total assets by reporting segments are as follows: | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
United States | $ | 38,932 | $ | 53,424 | ||||||||||||||||
Europe (excluding the United Kingdom) | 3,818 | 4,741 | ||||||||||||||||||
United Kingdom | 2,482 | 4,434 | ||||||||||||||||||
Canada | 2,301 | 3,913 | ||||||||||||||||||
Australia | 566 | 846 | ||||||||||||||||||
Japan | 506 | 750 | ||||||||||||||||||
South Korea | 189 | 344 | ||||||||||||||||||
China | 80 | 291 | ||||||||||||||||||
Other foreign countries | 443 | 560 | ||||||||||||||||||
Total consolidated long-lived assets | $ | 49,317 | $ | 69,303 | ||||||||||||||||
U.S. Wholesale | $ | 165,936 | $ | 169,474 | ||||||||||||||||
U.S. Retail | 57,933 | 77,150 | ||||||||||||||||||
Canada | 15,271 | 17,761 | ||||||||||||||||||
International | 55,249 | 69,367 | ||||||||||||||||||
Total assets | $ | 294,389 | $ | 333,752 | ||||||||||||||||
Foreign subsidiaries accounted for the following percentages of total assets and total liabilities: | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Total assets | 24 | % | 26.1 | % | ||||||||||||||||
Total liabilities | 6.3 | % | 6.8 | % |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Commitments and Contingencies Disclosure [Abstract] | ||||
Commitments and Contingencies Disclosure [Text Block] | Commitments and Contingencies | |||
Operating Leases | ||||
The Company conducts retail operations under operating leases, which expire at various dates through 2034. The Company's primary manufacturing facilities and executive offices are currently under a long-term lease which expires on July 31, 2019. | ||||
For leases that contain predetermined escalations of the minimum rentals, the Company recognizes the related rent expense on a straight-line basis and records the difference between the recognized rental expense and amounts payable under the leases as deferred rent. This liability amounted to $16,768 and $21,587 as of December 31, 2014 and 2013, respectively. Total rent expenses, including some real estate taxes and maintenance costs, were approximately $70,018, $79,794, and $77,390 for the years ended December 31, 2014, 2013, and 2012, respectively. The Company did not incur any significant contingent rent during the same periods. Rent expense is allocated to cost of sales for production-related activities, selling expenses for retail stores, and general and administrative expenses in the consolidated statements of operations. | ||||
The following table presents future minimum commitments (excluding real estate tax and maintenance costs) for retail locations and other leases that have initial or non-cancelable lease terms exceed one year as of December 31, 2014: | ||||
Year Ending December 31, | Operating Leases | |||
2015 | $ | 63,007 | ||
2016 | 50,121 | |||
2017 | 43,555 | |||
2018 | 25,624 | |||
2019 | 18,321 | |||
Thereafter | 46,689 | |||
Customs and Duties | ||||
In 2012, the German authorities audited the import records of the Company's German subsidiary for the years 2009 through 2011 and issued retroactive punitive duty assessments on certain containers of goods imported. The German customs imposed a substantially higher tariff rate than the original rate that the Company had paid on the imports, more than doubling the amount of the tariff that the Company would have to pay. The assessments of additional retaliatory duty originated from a trade dispute. Despite the ongoing appeals of the assessment, the German authorities demanded, and the Company paid, in connection with such assessments, $4,390 in the third quarter of 2014 and the final balance of $85 in the fourth quarter of 2014. The Company recorded the duty portion of $79 in cost of sales and the retaliatory duties, interest and penalties of $5,104 in general and administrative expenses in its consolidated statements of operations. | ||||
Additionally, during the fourth quarter of 2014, the Company wrote off approximately $3,300 in duty receivables to cost of sales in its consolidated statements of operations. These duty receivables related to changes in transfer costs for products sold to the Company's European subsidiaries. The Company is also subject to, and has recorded charges related to, customs and similar audit settlements and contingencies in other jurisdictions. | ||||
Mr. Charney Investigation | ||||
In connection with the suspension of Mr. Charney on June 18, 2014, the Board formed a new special committee (the "Suitability Committee") for the purpose of overseeing the investigation into alleged misconduct by Mr. Charney (the "Internal Investigation") which ultimately concluded with his termination for cause on December 16, 2014. | ||||
OSHA Settlement | ||||
In 2011, an industrial accident at the Company's facility in Orange County, California resulted in the fatality of a Company employee. In accordance with law, a mandatory criminal investigation was initiated. In early August 2014, the Company and the Orange County district attorney's office began to negotiate a resolution of potential claims related to the accident, and the Company accrued $1,000 in costs representing its best estimate of the cost to settle this matter. On August 19, 2014, a settlement of all claims related to the criminal investigation, pursuant to which the Company paid $1,000, was approved by the California Superior Court in Orange County. | ||||
Real Estate Matter | ||||
The landlord for the Company's headquarters and manufacturing facility in Los Angeles, California has identified certain alleged breaches under its lease. The Company is currently engaging with the landlord to resolve this dispute. Should the Company fail to resolve this matter on acceptable terms, they could result in material liability. | ||||
Advertising | ||||
The Company had approximately $1,300 in advertising commitments at December 31, 2014, which primarily relate to print advertisements in newspapers and magazines as well as outdoor advertising. The majority of these commitments are expected to be paid during 2015. |
Litigation
Litigation | 12 Months Ended |
Dec. 31, 2014 | |
Litigation [Abstract] | |
Legal Matters and Contingencies [Text Block] | Litigation |
The Company is subject to various claims and contingencies in the ordinary course of business that arise from litigation, business transactions, operations, employee-related matters, or taxes. The Company establishes reserves when it believes a loss is probable and is able to estimate its potential exposure. For loss contingencies believed to be reasonably possible, the Company also discloses the nature of the loss contingency and an estimate of the possible loss or range of loss, or a statement that such an estimate cannot be made. Insurance may cover a portion of such losses; however, certain matters could arise for which we do not have insurance coverage or for which insurance provides only partial coverage. These matters could have a material negative effect on the Company's business, financial position, results of operations, or cash flows. In all cases, the Company vigorously defends itself unless a reasonable settlement appears appropriate. | |
SEC Investigation | |
On February 5, 2015, the Company learned that the Securities and Exchange Commission had issued a formal order of investigation with respect to matters arising from the Suitability Committee's review relating to Mr. Charney. The SEC's investigation is a non-public, fact-finding inquiry to determine whether any violations of law have occurred. The Company intends to cooperate fully with the SEC in its investigation. | |
Shareholder Derivative Actions | |
In 2010, two shareholder derivative lawsuits were filed in the United States District Court for the Central District of California (the "Court") that were subsequently consolidated for all purposes into a case entitled In re American Apparel, Inc. Shareholder Derivative Litigation, Lead Case No. CV106576 (the "First Derivative Action"). Plaintiffs in the First Derivative Action alleged a cause of action for breach of fiduciary duty arising out of (i) the Company's alleged failure to maintain adequate accounting and internal control policies and procedures; (ii) the Company's alleged violation of state and federal immigration laws in connection with the previously disclosed termination of over 1,500 employees following an Immigration and Customs Enforcement inspection; and (iii) the Company's alleged failure to implement controls sufficient to prevent a sexually hostile and discriminatory work environment. The Company does not maintain any direct exposure to loss in connection with these shareholder derivative lawsuits. The Company's status as a "Nominal Defendant" in the actions reflects that the lawsuits are purportedly maintained by the named plaintiffs on behalf of American Apparel and that plaintiffs seek damages on the Company's behalf. The Company filed a motion to dismiss the First Derivative Action which was granted with leave to amend on July 31, 2012. Plaintiffs did not amend the complaint and subsequently filed a motion to dismiss each of their claims, with prejudice, for the stated purpose of taking an immediate appeal of the Court's July 31, 2012 order. On October 16, 2012, the Court granted the plaintiffs' motion to dismiss and entered judgment accordingly. On November 12, 2012, plaintiffs filed a Notice of Appeal to the Ninth Circuit Court of Appeals where the case is currently pending. | |
In 2010, four shareholder derivative lawsuits were filed in the Superior Court of the State of California for the County of Los Angeles (the "Superior Court") which were subsequently consolidated for all purposes into a case entitled In re American Apparel, Inc. Shareholder Derivative Litigation, Lead Case No. BC 443763 (the "State Derivative Action"). Three of the matters comprising the State Derivative Action alleged causes of action for breach of fiduciary duty arising out of (i) the Company's alleged failure to maintain adequate accounting and internal control policies and procedures; and (ii) the Company's alleged violation of state and federal immigration laws in connection with the previously disclosed termination of over 1,500 employees following an Immigration and Customs Enforcement inspection. The fourth matter alleges seven causes of action for breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement, and waste of corporate assets also arising out of the same allegations. On April 12, 2011, the Superior Court issued an order granting a stay (which currently remains in place) of the State Derivative Action on the grounds that, among other reasons, the case is duplicative of the First Derivative Action. | |
In July 2014, two shareholder derivative lawsuits were filed in the Court that were subsequently consolidated for all purposes into a case entitled In re American Apparel, Inc. 2014 Shareholder Derivative Litigation, Lead Case No. 14-CV-5699 (the "Second Derivative Action," and together with the First Derivative Action, the "Federal Derivative Actions"). Plaintiffs in the Second Derivative Action alleged similar causes of action for breach of fiduciary duty by failing to (i) maintain adequate internal control and exercise proper oversight over Mr. Charney, whose alleged misconduct and mismanagement has purportedly harmed the Company's operations and financial condition, (ii) ensure Mr. Charney's suspension as CEO did not trigger material defaults under two of the Company's credit agreements, and (iii) prevent Mr. Charney from increasing his ownership percentage of the Company. The Second Derivative Action primarily seeks to recover damages and reform corporate governance and internal procedures. The Company does not maintain any direct exposure to loss in connection with these shareholder derivative lawsuits. The Company's status as a "Nominal Defendant" in the actions reflects that the lawsuits are purportedly maintained by the named plaintiffs on behalf of American Apparel and that plaintiffs seek damages on the Company's behalf. The Company has filed a motion to dismiss, and the parties are currently briefing this motion. | |
Both the Federal Derivative Actions and State Derivative Action are covered under the Company's Directors and Officers Liability insurance policy, subject to a deductible and a reservation of rights. | |
Should the above matters (i.e., the Federal Derivative Actions or the State Derivative Action) be decided against the Company in an amount that exceeds the Company's insurance coverage, or if liability is imposed on grounds that fall outside the scope of the Company's Directors and Officers Liability insurance coverage, the Company could not only incur a substantial liability, but also experience an increase in similar suits and suffer reputational harm. The Company is unable to predict the financial outcome of these matters at this time, and any views formed as to the viability of these claims or the financial exposure which could result may change from time to time as the matters proceed through their course. However, no assurance can be made that these matters, either individually or together with the potential for similar suits and reputational harm, will not result in a material financial exposure, which could have a material adverse effect on the Company's financial condition, results of operations, or cash flows. | |
Employment Matters | |
The Company has previously disclosed arbitrations filed on or about February 17, 2011, related to cases filed in the Supreme Court of New York, County of Kings (Case No. 5018-1) and Superior Court of the State of California for the County of Los Angeles (Case Nos. BC457920 and BC460331) against American Apparel, Mr. Charney and certain members of the Board asserting claims of sexual harassment, assault and battery, impersonation through the internet, defamation and other related claims. The Company has settled or obtained a dismissal of all of these claims. | |
In addition, the Company is currently engaged in other employment-related claims and other matters incidental to its business. The Company believes that all such claims are without merit or not material and intends to vigorously dispute the validity of the plaintiffs' claims. While the final resolution of such claims cannot be determined based on information at this time, the Company believes, but cannot provide assurance that, the amount and ultimate liability, if any, with respect to these actions will not materially affect its business, financial position, results of operations, or cash flows. Should any of these matters be decided against the Company, it could not only incur liability but also experience an increase in similar suits and suffer reputational harm. | |
Federal Securities Action | |
Four putative class action lawsuits (Case No. CV106352 MMM (RCx), Case No. CV106513 MMM (RCx), Case No. CV106516 MMM (RCx), and Case No. CV106680 GW (JCGx)) were filed in fall of 2010 in the United States District Court for the Central District of California ("USDC") which were subsequently consolidated for all purposes into a case entitled In re American Apparel, Inc. Shareholder Litigation, Lead Case No. CV106352 MMM (JCGx). The lead plaintiff appointed by the USDC alleges two causes of action for violations of Section 10(b) and 20(a) of the 1934 Act, and Rule 10b-5 promulgated under Section 10(b), arising out of alleged misrepresentations contained in the Company's press releases, public filings with the SEC, and other public statements relating to (i) the adequacy of the Company's internal and financial control policies and procedures; (ii) the Company's employment practices; and (iii) the effect that the dismissal of over 1,500 employees following an Immigration and Customs Enforcement inspection would have on the Company. Plaintiff seeks damages in an unspecified amount, reasonable attorneys' fees and costs, and equitable relief as the USDC may deem proper. On November 6, 2013, the USDC issued an order staying the case pending ongoing settlement discussions between the parties. Plaintiff filed an unopposed motion of preliminary approval which was granted on April 16, 2014 without oral argument. On July 28, 2014, the USDC approved the settlement, and final judgment was entered on July 30, 2014. | |
Wage and Hour Actions | |
In April 2014, the five former employees' wage and hour cases including Guillermo Ruiz, Antonio Partida, Emily Truong, Jessica Heupel, and Anthony Heupel were settled on an aggregate and class-wide basis for $850, and a final approval was granted by the presiding arbitrator. On September 12, 2014, the court granted final approval of the settlement. The Company did not have insurance coverage for this matter. |
Condensed_Consolidating_Financ
Condensed Consolidating Financial Information (Notes) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Condensed Consolidating Financial Information | |||||||||||||||||||
The Notes which constitute debt obligations of American Apparel Inc. (the "Parent") are fully and unconditionally guaranteed, jointly and severally, by the Company's existing and future 100% owned direct and indirect domestic subsidiaries. The Notes are subject to certain customary automatic release provisions including the satisfaction and discharge, defeasance, or full payment of the principal, premium and, if any, accrued and unpaid interests. In certain circumstances, the Notes are subject to the sale or substantial disposition of the subsidiary guarantor's assets. No guarantor subsidiaries are less than 100% owned, directly or indirectly, by the Company. | ||||||||||||||||||||
The following presents the Parent's condensed consolidating balance sheets as of December 31, 2014 and 2013, and its condensed consolidating statements of operations and comprehensive (loss) income and condensed consolidating statements of cash flows for the years ended December 31, 2014, 2013 and 2012, the Company's material guarantor subsidiaries and the non-guarantor subsidiaries, and the elimination entries necessary to present the Company's financial statements on a consolidated basis. These condensed consolidating financial information should be read in conjunction with the Company's consolidated financial statements. | ||||||||||||||||||||
Condensed Consolidating Balance Sheets | ||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | 0 | $ | 1,370 | $ | 6,973 | $ | 0 | $ | 8,343 | ||||||||||
Trade accounts receivable, net | 0 | 19,422 | 5,876 | 0 | 25,298 | |||||||||||||||
Intercompany accounts receivable, net | 240,989 | (229,956 | ) | (11,033 | ) | 0 | 0 | |||||||||||||
Inventories, net | 0 | 116,335 | 31,137 | 106 | 147,578 | |||||||||||||||
Other current assets | 90 | 11,290 | 6,391 | 0 | 17,771 | |||||||||||||||
Total current assets | 241,079 | (81,539 | ) | 39,344 | 106 | 198,990 | ||||||||||||||
Property and equipment, net | 0 | 38,932 | 10,385 | 0 | 49,317 | |||||||||||||||
Investments in subsidiaries | (115,109 | ) | 15,874 | 0 | 99,235 | 0 | ||||||||||||||
Other assets, net | 8,861 | 27,463 | 9,758 | 0 | 46,082 | |||||||||||||||
TOTAL ASSETS | $ | 134,831 | $ | 730 | $ | 59,487 | $ | 99,341 | $ | 294,389 | ||||||||||
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Revolving credit facilities and current portion of long-term debt | $ | 0 | $ | 34,299 | $ | 13 | $ | 0 | $ | 34,312 | ||||||||||
Accounts payable | 0 | 32,508 | 3,046 | 0 | 35,554 | |||||||||||||||
Accrued expenses and other current liabilities | 13,498 | 31,855 | 16,016 | 0 | 61,369 | |||||||||||||||
Fair value of warrant liability | 19,239 | 0 | 0 | 0 | 19,239 | |||||||||||||||
Other current liabilities | 0 | 9,762 | 2,038 | 0 | 11,800 | |||||||||||||||
Total current liabilities | 32,737 | 108,424 | 21,113 | 0 | 162,274 | |||||||||||||||
Long-term debt, net | 217,133 | 0 | 255 | 0 | 217,388 | |||||||||||||||
Other long-term liabilities | 477 | 25,431 | 4,335 | 0 | 30,243 | |||||||||||||||
TOTAL LIABILITIES | 250,347 | 133,855 | 25,703 | 0 | 409,905 | |||||||||||||||
STOCKHOLDERS' (DEFICIT) EQUITY | ||||||||||||||||||||
Common stock | 18 | 100 | 494 | (594 | ) | 18 | ||||||||||||||
Additional paid-in capital | 218,779 | 6,726 | 7,967 | (14,693 | ) | 218,779 | ||||||||||||||
Accumulated other comprehensive (loss) income | (6,915 | ) | (2,493 | ) | (4,136 | ) | 6,629 | (6,915 | ) | |||||||||||
(Accumulated deficit) retained earnings | (325,241 | ) | (137,458 | ) | 29,459 | 107,999 | (325,241 | ) | ||||||||||||
Less: Treasury stock | (2,157 | ) | 0 | 0 | 0 | (2,157 | ) | |||||||||||||
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY | (115,516 | ) | (133,125 | ) | 33,784 | 99,341 | (115,516 | ) | ||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | $ | 134,831 | $ | 730 | $ | 59,487 | $ | 99,341 | $ | 294,389 | ||||||||||
Condensed Consolidating Balance Sheets | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | 0 | $ | 512 | $ | 8,164 | $ | 0 | $ | 8,676 | ||||||||||
Trade accounts receivable, net | 0 | 15,109 | 5,592 | 0 | 20,701 | |||||||||||||||
Intercompany accounts receivable, net | 247,414 | (224,181 | ) | (23,233 | ) | 0 | 0 | |||||||||||||
Inventories, net | 0 | 129,716 | 39,736 | (74 | ) | 169,378 | ||||||||||||||
Other current assets | 97 | 10,442 | 6,002 | 0 | 16,541 | |||||||||||||||
Total current assets | 247,511 | (68,402 | ) | 36,261 | (74 | ) | 215,296 | |||||||||||||
Property and equipment, net | 0 | 53,424 | 15,879 | 0 | 69,303 | |||||||||||||||
Investments in subsidiaries | (94,161 | ) | 18,158 | 0 | 76,003 | 0 | ||||||||||||||
Other assets, net | 9,282 | 27,934 | 11,937 | 0 | 49,153 | |||||||||||||||
TOTAL ASSETS | $ | 162,632 | $ | 31,114 | $ | 64,077 | $ | 75,929 | $ | 333,752 | ||||||||||
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Revolving credit facilities and current portion of long-term debt | $ | 0 | $ | 43,586 | $ | 456 | $ | 0 | $ | 44,042 | ||||||||||
Accounts payable | 0 | 34,738 | 3,552 | 0 | 38,290 | |||||||||||||||
Accrued expenses and other current liabilities | 5,952 | 28,344 | 15,722 | 0 | 50,018 | |||||||||||||||
Fair value of warrant liability | 20,954 | 0 | 0 | 0 | 20,954 | |||||||||||||||
Other current liabilities | 0 | 6,830 | 1,855 | 0 | 8,685 | |||||||||||||||
Total current liabilities | 26,906 | 113,498 | 21,585 | 0 | 161,989 | |||||||||||||||
Long-term debt, net | 213,130 | 47 | 291 | 0 | 213,468 | |||||||||||||||
Other long-term liabilities | 0 | 29,711 | 5,988 | 0 | 35,699 | |||||||||||||||
TOTAL LIABILITIES | 240,036 | 143,256 | 27,864 | 0 | 411,156 | |||||||||||||||
STOCKHOLDERS' (DEFICIT) EQUITY | ||||||||||||||||||||
Common stock | 11 | 100 | 492 | (592 | ) | 11 | ||||||||||||||
Additional paid-in capital | 185,472 | 6,726 | 7,685 | (14,411 | ) | 185,472 | ||||||||||||||
Accumulated other comprehensive (loss) income | (4,306 | ) | (543 | ) | (671 | ) | 1,214 | (4,306 | ) | |||||||||||
(Accumulated deficit) retained earnings | (256,424 | ) | (118,425 | ) | 28,707 | 89,718 | (256,424 | ) | ||||||||||||
Less: Treasury stock | (2,157 | ) | 0 | 0 | 0 | (2,157 | ) | |||||||||||||
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY | (77,404 | ) | (112,142 | ) | 36,213 | 75,929 | (77,404 | ) | ||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | $ | 162,632 | $ | 31,114 | $ | 64,077 | $ | 75,929 | $ | 333,752 | ||||||||||
Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income | ||||||||||||||||||||
For the Year Ended December 31, 2014 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||
Net sales | $ | 0 | $ | 447,968 | $ | 208,480 | $ | (47,557 | ) | $ | 608,891 | |||||||||
Cost of sales | 0 | 272,505 | 74,216 | (46,965 | ) | 299,756 | ||||||||||||||
Gross profit | 0 | 175,463 | 134,264 | (592 | ) | 309,135 | ||||||||||||||
Selling and distribution expenses | 0 | 124,470 | 88,087 | 0 | 212,557 | |||||||||||||||
General and administrative expenses | 16,130 | 63,093 | 42,126 | 74 | 121,423 | |||||||||||||||
Retail store impairment | 0 | 695 | 2,043 | 0 | 2,738 | |||||||||||||||
(Loss) income from operations | (16,130 | ) | (12,795 | ) | 2,008 | (666 | ) | (27,583 | ) | |||||||||||
Interest expense and other expense | 33,874 | 5,226 | (25 | ) | 0 | 39,075 | ||||||||||||||
Equity in loss (earnings) of subsidiaries | 18,336 | 611 | 0 | (18,947 | ) | 0 | ||||||||||||||
(Loss) income before income taxes | (68,340 | ) | (18,632 | ) | 2,033 | 18,281 | (66,658 | ) | ||||||||||||
Income tax provision | 477 | 401 | 1,281 | 0 | 2,159 | |||||||||||||||
Net (loss) income | $ | (68,817 | ) | $ | (19,033 | ) | $ | 752 | $ | 18,281 | $ | (68,817 | ) | |||||||
Other comprehensive (loss) income, net of tax | (2,609 | ) | (1,950 | ) | (3,465 | ) | 5,415 | (2,609 | ) | |||||||||||
Comprehensive (loss) income | $ | (71,426 | ) | $ | (20,983 | ) | $ | (2,713 | ) | $ | 23,696 | $ | (71,426 | ) | ||||||
Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income | ||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||
Net sales | $ | 0 | $ | 462,732 | $ | 227,680 | $ | (56,471 | ) | $ | 633,941 | |||||||||
Cost of sales | 0 | 285,947 | 84,938 | (57,829 | ) | 313,056 | ||||||||||||||
Gross profit | 0 | 176,785 | 142,742 | 1,358 | 320,885 | |||||||||||||||
Selling and distribution expenses | 0 | 143,379 | 98,304 | 0 | 241,683 | |||||||||||||||
General and administrative expenses | 502 | 67,779 | 38,676 | 0 | 106,957 | |||||||||||||||
Retail store impairment | 0 | 642 | 898 | 0 | 1,540 | |||||||||||||||
(Loss) income from operations | (502 | ) | (35,015 | ) | 4,864 | 1,358 | (29,295 | ) | ||||||||||||
Interest expense and other expense | 63,992 | 10,622 | 618 | 0 | 75,232 | |||||||||||||||
Equity in loss (earnings) of subsidiaries | 41,804 | (95 | ) | 0 | (41,709 | ) | 0 | |||||||||||||
(Loss) income before income taxes | (106,298 | ) | (45,542 | ) | 4,246 | 43,067 | (104,527 | ) | ||||||||||||
Income tax provisions | 0 | (202 | ) | 1,973 | 0 | 1,771 | ||||||||||||||
Net (loss) income | $ | (106,298 | ) | $ | (45,340 | ) | $ | 2,273 | $ | 43,067 | $ | (106,298 | ) | |||||||
Other comprehensive (loss) income, net of tax | (1,581 | ) | (162 | ) | (1,407 | ) | 1,569 | (1,581 | ) | |||||||||||
Comprehensive (loss) income | $ | (107,879 | ) | $ | (45,502 | ) | $ | 866 | $ | 44,636 | $ | (107,879 | ) | |||||||
Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income | ||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||
Net sales | $ | 0 | $ | 452,234 | $ | 233,069 | $ | (67,993 | ) | $ | 617,310 | |||||||||
Cost of sales | 0 | 271,809 | 85,958 | (67,840 | ) | 289,927 | ||||||||||||||
Gross profit | 0 | 180,425 | 147,111 | (153 | ) | 327,383 | ||||||||||||||
Selling and distribution expenses | 0 | 126,492 | 100,955 | 0 | 227,447 | |||||||||||||||
General and administrative expenses | 1,276 | 59,420 | 36,518 | 113 | 97,327 | |||||||||||||||
Retail store impairment | 0 | 243 | 1,404 | 0 | 1,647 | |||||||||||||||
(Loss) income from operations | (1,276 | ) | (5,730 | ) | 8,234 | (266 | ) | 962 | ||||||||||||
Interest expense and other expense | 23,975 | 9,629 | 817 | 0 | 34,421 | |||||||||||||||
Equity in loss (earnings) of subsidiaries | 12,021 | (1,057 | ) | 0 | (10,964 | ) | 0 | |||||||||||||
(Loss) income before income taxes | (37,272 | ) | (14,302 | ) | 7,417 | 10,698 | (33,459 | ) | ||||||||||||
Income tax provision | 0 | 133 | 3,680 | 0 | 3,813 | |||||||||||||||
Net (loss) income | $ | (37,272 | ) | $ | (14,435 | ) | $ | 3,737 | $ | 10,698 | $ | (37,272 | ) | |||||||
Other comprehensive income, net of tax | 631 | 164 | 498 | (662 | ) | 631 | ||||||||||||||
Comprehensive (loss) income | $ | (36,641 | ) | $ | (14,271 | ) | $ | 4,235 | $ | 10,036 | $ | (36,641 | ) | |||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||
For the Year Ended December 31, 2014 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 6,361 | $ | (26,715 | ) | $ | 15,142 | $ | 0 | $ | (5,212 | ) | ||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||||||||||||
Capital expenditures | 0 | (6,441 | ) | (3,377 | ) | 0 | (9,818 | ) | ||||||||||||
Proceeds from sale of fixed assets | 0 | (1 | ) | 22 | 0 | 21 | ||||||||||||||
Restricted cash | 0 | 0 | 214 | 0 | 214 | |||||||||||||||
Net cash used in investing activities | 0 | (6,442 | ) | (3,141 | ) | 0 | (9,583 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||||||||||||
Cash overdraft | 0 | 1,720 | 0 | 0 | 1,720 | |||||||||||||||
Repayments under current revolving credit facilities, net | 0 | (9,280 | ) | (429 | ) | 0 | (9,709 | ) | ||||||||||||
Repayments of term loans and notes payable | 0 | (47 | ) | (13 | ) | 0 | (60 | ) | ||||||||||||
Payments of debt issuance costs | (2,102 | ) | 0 | 0 | 0 | (2,102 | ) | |||||||||||||
Net proceeds from issuance of common stock | 28,435 | 0 | 0 | 0 | 28,435 | |||||||||||||||
Proceeds from stock option exercise | 574 | 0 | 0 | 0 | 574 | |||||||||||||||
Payment of statutory payroll tax withholding on share-based compensation associated with issuance of common stock | (647 | ) | 0 | 0 | 0 | (647 | ) | |||||||||||||
Repayments of capital lease obligations | 0 | (2,595 | ) | (64 | ) | 0 | (2,659 | ) | ||||||||||||
Advances to/from affiliates | (32,621 | ) | 44,217 | (11,596 | ) | 0 | 0 | |||||||||||||
Net cash provided by (used in) financing activities | (6,361 | ) | 34,015 | (12,102 | ) | 0 | 15,552 | |||||||||||||
Effect of foreign exchange rate on cash | 0 | 0 | (1,090 | ) | 0 | (1,090 | ) | |||||||||||||
Net increase (decrease) in cash | 0 | 858 | (1,191 | ) | 0 | (333 | ) | |||||||||||||
Cash, beginning of period | 0 | 512 | 8,164 | 0 | 8,676 | |||||||||||||||
Cash, end of period | $ | 0 | $ | 1,370 | $ | 6,973 | $ | 0 | $ | 8,343 | ||||||||||
NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||||||||||||||||
Property and equipment acquired and included in accounts payable | $ | 0 | $ | 130 | $ | 65 | $ | 0 | $ | 195 | ||||||||||
Property and equipment acquired under capital lease | $ | 0 | $ | 434 | $ | 0 | $ | 0 | $ | 434 | ||||||||||
Standard General Loan Agreement assigned from Lion | $ | 9,865 | $ | 0 | $ | 0 | $ | 0 | $ | 9,865 | ||||||||||
Lion Loan Agreement assigned to Standard General | $ | (9,865 | ) | $ | 0 | $ | 0 | $ | 0 | $ | (9,865 | ) | ||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | (13,825 | ) | $ | (16,811 | ) | $ | 17,913 | $ | 0 | $ | (12,723 | ) | |||||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||||||||||||
Capital expenditures | 0 | (21,319 | ) | (5,735 | ) | 0 | (27,054 | ) | ||||||||||||
Proceeds from sale of fixed assets | 0 | 109 | 64 | 0 | 173 | |||||||||||||||
Restricted cash | 0 | 3,265 | (1,531 | ) | 0 | 1,734 | ||||||||||||||
Net cash used in investing activities | 0 | (17,945 | ) | (7,202 | ) | 0 | (25,147 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||||||||||||
Cash overdraft | 0 | 3,993 | 0 | 0 | 3,993 | |||||||||||||||
Repayments of expired revolving credit facilities, net | 0 | (28,513 | ) | 0 | 0 | (28,513 | ) | |||||||||||||
Borrowings (repayments) under current revolving credit facilities, net | 0 | 43,579 | (3,785 | ) | 0 | 39,794 | ||||||||||||||
Repayments of term loans and notes payable | 9,500 | (29,953 | ) | (13 | ) | 0 | (20,466 | ) | ||||||||||||
Repayment of Lion term loan | (144,149 | ) | 0 | 0 | 0 | (144,149 | ) | |||||||||||||
Issuance of Senior Secured Notes | 199,820 | 0 | 0 | 0 | 199,820 | |||||||||||||||
Payments of debt issuance costs | (10,540 | ) | (1,369 | ) | 0 | 0 | (11,909 | ) | ||||||||||||
Payment of statutory payroll tax withholding on share-based compensation associated with issuance of common stock | (2,623 | ) | 0 | 0 | 0 | (2,623 | ) | |||||||||||||
Repayments of capital lease obligations | 0 | (1,662 | ) | (57 | ) | 0 | (1,719 | ) | ||||||||||||
Advances to/from affiliates | (38,183 | ) | 45,397 | (7,214 | ) | 0 | 0 | |||||||||||||
Net cash provided by (used in) financing activities | 13,825 | 31,472 | (11,069 | ) | 0 | 34,228 | ||||||||||||||
Effect of foreign exchange rate on cash | 0 | 0 | (535 | ) | 0 | (535 | ) | |||||||||||||
Net decrease in cash | 0 | (3,284 | ) | (893 | ) | 0 | (4,177 | ) | ||||||||||||
Cash, beginning of period | 0 | 3,796 | 9,057 | 0 | 12,853 | |||||||||||||||
Cash, end of period | $ | 0 | $ | 512 | $ | 8,164 | $ | 0 | $ | 8,676 | ||||||||||
NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||||||||||||||||
Property and equipment acquired and included in accounts payable | $ | 0 | $ | 818 | $ | 758 | $ | 0 | $ | 1,576 | ||||||||||
Property and equipment acquired under capital lease | $ | 0 | $ | 4,213 | $ | 0 | $ | 0 | $ | 4,213 | ||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | (584 | ) | $ | 15,181 | $ | 8,992 | $ | 0 | $ | 23,589 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||||||||||||
Capital expenditures | 0 | (16,418 | ) | (5,189 | ) | 0 | (21,607 | ) | ||||||||||||
Proceeds from sale of fixed assets | 0 | 414 | 60 | 0 | 474 | |||||||||||||||
Restricted cash | 0 | (3,265 | ) | (455 | ) | 0 | (3,720 | ) | ||||||||||||
Net cash used in investing activities | 0 | (19,269 | ) | (5,584 | ) | 0 | (24,853 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||||||||||||
Cash overdraft | 0 | (1,921 | ) | 0 | 0 | (1,921 | ) | |||||||||||||
Repayments of expired revolving credit facilities, net | 0 | (48,324 | ) | 0 | 0 | (48,324 | ) | |||||||||||||
Borrowings under current revolving credit facilities, net | 0 | 26,113 | 2,338 | 0 | 28,451 | |||||||||||||||
Borrowings (repayments) of term loans and notes payable, net | 0 | 30,000 | (13 | ) | 0 | 29,987 | ||||||||||||||
Payments of debt issuance costs | (231 | ) | (4,995 | ) | 0 | 0 | (5,226 | ) | ||||||||||||
Payment of statutory payroll tax withholding on stock-based compensation associated with issuance of common stock | (393 | ) | 0 | 0 | 0 | (393 | ) | |||||||||||||
Proceeds from equipment lease financing | 0 | 4,533 | 0 | 0 | 4,533 | |||||||||||||||
(Repayments) proceeds of capital lease obligations | 0 | (2,979 | ) | 86 | 0 | (2,893 | ) | |||||||||||||
Advances to/from affiliates | 1,208 | 5,167 | (6,375 | ) | 0 | 0 | ||||||||||||||
Net cash provided by (used in) financing activities | 584 | 7,594 | (3,964 | ) | 0 | 4,214 | ||||||||||||||
Effect of foreign exchange rate on cash | 0 | 0 | (390 | ) | 0 | (390 | ) | |||||||||||||
Net increase (decrease) in cash | 0 | 3,506 | (946 | ) | 0 | 2,560 | ||||||||||||||
Cash, beginning of period | 0 | 290 | 10,003 | 0 | 10,293 | |||||||||||||||
Cash, end of period | $ | 0 | $ | 3,796 | $ | 9,057 | $ | 0 | $ | 12,853 | ||||||||||
NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||||||||||||||||
Property and equipment acquired and included in accounts payable | $ | 0 | $ | 3,160 | $ | 618 | $ | 0 | $ | 3,778 | ||||||||||
Quarterly_Financial_Informatio
Quarterly Financial Information (Notes) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ||||||||||||||||
Quarterly Financial Information [Text Block] | Unaudited Quarterly Financial Information | |||||||||||||||
Summarized quarterly financial information for fiscal 2014 and 2013 are listed below. | ||||||||||||||||
Quarter Ended | ||||||||||||||||
31-Dec | 30-Sep | 30-Jun | 31-Mar | |||||||||||||
2014 | ||||||||||||||||
Net sales | $ | 153,529 | $ | 155,869 | $ | 162,397 | $ | 137,096 | ||||||||
Gross profit | $ | 72,235 | $ | 82,539 | $ | 82,387 | $ | 71,974 | ||||||||
Net loss | $ | (27,962 | ) | $ | (19,184 | ) | $ | (16,205 | ) | $ | (5,466 | ) | ||||
Loss per share basic and diluted | $ | (0.16 | ) | $ | (0.11 | ) | $ | (0.09 | ) | $ | (0.05 | ) | ||||
2013 | ||||||||||||||||
Net sales | $ | 169,102 | $ | 164,543 | $ | 162,236 | $ | 138,060 | ||||||||
Gross profit | $ | 79,507 | $ | 84,640 | $ | 83,870 | $ | 72,868 | ||||||||
Net loss | $ | (20,770 | ) | $ | (1,513 | ) | $ | (37,504 | ) | $ | (46,511 | ) | ||||
Loss per share basic and diluted | $ | (0.19 | ) | $ | (0.01 | ) | $ | (0.34 | ) | $ | (0.42 | ) | ||||
The Company experiences seasonality in its operations; sales during the third and fourth fiscal quarters have generally been the highest while sales during the first fiscal quarter have been the lowest. This reflects the combined impact of the seasonality of the wholesale and retail segments. Generally, the Company's retail segment has not experienced the same pronounced sales seasonality as other retailers. | ||||||||||||||||
Net loss during 2014 was primarily affected by lower sales volumes and significant expenses related to certain professional fees and contingency settlements, particularly during the third and fourth quarter of 2014. In connection with the suspension of Mr. Charney on June 18, 2014, the Board formed the Internal Investigation which ultimately concluded with his termination for cause on December 16, 2014. The suspension and the Internal Investigation have resulted in substantial legal and consulting fees. Additionally, as discussed in Notes 15 and 18, the Company entered into certain settlements with the German customs authorities and other jurisdictions, the Orange County district attorney's office related to an OSHA matter, and various previously disclosed employment-related claims. Finally, the Company experienced unusually high employee severance costs during 2014. The primary causes of the net losses during the first and second quarters of 2014 were driven by lower sales volume and the unrealized losses on the Company's warrants, respectively. | ||||||||||||||||
Net loss during 2013 was affected by the transition to the Company's new distribution center in La Mirada, California resulted in significant incremental costs (primarily labor). The issues surrounding the transition primarily related to improper design and integration and inadequate training and staffing. These issues caused processing inefficiencies that required the Company to employ additional staffing in order to meet customer demand. The transition was successfully completed during the fourth quarter of 2013. The center is now fully operational and labor costs have been reduced. The primary causes of the net losses during the first and second quarters of 2013 were driven by the unrealized losses on the Company's warrants and the loss on early extinguishment of debt, respectively. |
Schedule_II
Schedule II | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | |||||||||||||||||||||
Schedule II | Schedule II | ||||||||||||||||||||
American Apparel, Inc. and Subsidiaries | |||||||||||||||||||||
Valuation and Qualifying Accounts | |||||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Description | Balance, Beginning of Year | Charged to | Deductions | Other | Balance, | ||||||||||||||||
Costs and | (Recoveries) | End of Year | |||||||||||||||||||
Expenses | |||||||||||||||||||||
Allowance for trade accounts receivable: | |||||||||||||||||||||
For the year ended December 31, 2014 | $ | 2,229 | $ | 1,563 | $ | 0 | $ | (3,334 | ) | $ | 458 | ||||||||||
For the year ended December 31, 2013 | $ | 2,085 | $ | 1,512 | $ | 0 | $ | (1,368 | ) | $ | 2,229 | ||||||||||
For the year ended December 31, 2012 | $ | 2,195 | $ | 99 | $ | 0 | $ | (209 | ) | $ | 2,085 | ||||||||||
Description | Balance, Beginning of Year | Charged to | Deductions | Other | Balance, | ||||||||||||||||
Costs and | (Recoveries) | End of Year | |||||||||||||||||||
Expenses | |||||||||||||||||||||
Reserve for inventory shrinkage and obsolescence: | |||||||||||||||||||||
For the year ended December 31, 2014 | $ | 2,778 | $ | 6,948 | $ | 0 | $ | (948 | ) | $ | 8,778 | ||||||||||
For the year ended December 31, 2013 | $ | 2,653 | $ | 912 | $ | 0 | $ | (787 | ) | $ | 2,778 | ||||||||||
For the year ended December 31, 2012 | $ | 3,932 | $ | 690 | $ | 0 | $ | (1,969 | ) | $ | 2,653 | ||||||||||
Description | Balance, Beginning of Year | Increase in Allowance | Deductions to Allowance | Other | Balance, | ||||||||||||||||
End of Year | |||||||||||||||||||||
Valuation allowance of deferred tax assets: | |||||||||||||||||||||
For the year ended December 31, 2014 | $ | 120,694 | $ | 22,368 | $ | 0 | $ | 0 | $ | 143,062 | |||||||||||
For the year ended December 31, 2013 | $ | 77,578 | $ | 43,116 | $ | 0 | $ | 0 | $ | 120,694 | |||||||||||
For the year ended December 31, 2012 | $ | 73,773 | $ | 4,720 | $ | (915 | ) | $ | 0 | $ | 77,578 | ||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Summary of Significant Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation and Basis of Presentation |
The consolidated financial statements include the accounts of American Apparel, Inc. and its 100% owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Certain prior year amounts have been reclassified to confirm to the current period presentation. | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Mr. Charney Anti-Dilution Rights - In 2011, the Company provided Mr. Charney with certain anti-dilution rights (the ''Charney Anti-Dilution Rights"), which provided that Mr. Charney has a right to receive from the Company, subject to the satisfaction of certain average volume weighted closing price targets, and other terms and conditions set forth in the agreement, up to 20,416 shares of the Company's common stock as anti-dilution protection. |
The fair value of these awards was determined under the Monte Carlo simulation pricing model. The calculation was based on the exercise price of $0, the stock price of $1.3, annual risk free rate of 0.45%, volatility of 90.46% and a term of 3.5 years. The Company considered the shares to be awards with market conditions, and the related service and amortization period for the shares occur in three measurement periods. | |
On April 15, 2014, the last day of the first measurement period, the Company determined that the vesting requirements for such period were not met and 6,805 of the 20,416 anti-dilution rights expired unexercised. On December 16, 2014, the Board terminated Mr. Charney for cause in accordance with the terms of his employment agreement. Despite the termination, the unexercised anti-dilution rights remain exercisable under the 2011 Investor Purchase Agreement but are immediately vested. The remaining unrecognized compensation cost of | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The most significant estimates include: revenue recognition, inventory valuation and obsolescence; valuation and recoverability of long-lived assets, including the values assigned to goodwill, intangible assets, and property and equipment; fair value calculations, including derivative liabilities; contingencies, including accruals for the outcome of current litigation and assessments and self-insurance; and income taxes, including uncertain income tax positions and recoverability of deferred income taxes and any limitations as to net operating losses ("NOL"). Actual results could differ from those estimates. | |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk |
Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash (the amounts of which may, at times, exceed Federal Deposit Insurance Corporation limits on insurable amounts) and trade accounts receivable (including credit card receivables) relating substantially to the Company's U.S. Wholesale segment. Cash is managed within established guidelines, and the Company mitigates its risk by investing through major financial institutions. The Company had $6,361 and $7,374 held in foreign banks at December 31, 2014, and 2013, respectively. | |
Concentration of credit risk with respect to trade accounts receivable is limited by performing on-going credit evaluations of its customers and adjusting credit limits based upon payment history and the customer's current credit worthiness. The Company also maintains an insurance policy for certain customers based on a customer's credit rating and established limits. Collections and payments from customers are continuously monitored. One customer in the Company's U.S. Wholesale segment accounted for 16.6% and 14.2% of its total trade accounts receivable as of December 31, 2014 and 2013, respectively. The Company maintains an allowance for doubtful accounts which is based upon historical experience and specific customer collection issues that have been identified. While bad debt expenses have historically been within expectations and allowances established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past. | |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value Measurements |
The financial instruments recorded in the consolidated balance sheets include cash, trade accounts receivable (including credit card receivables), accounts payable, revolving credit facilities, senior secured notes, term loans and warrants. Due to their short-term maturity, the carrying values of cash, trade accounts receivables, and accounts payable approximate their fair market values. In addition, the carrying amount of the revolving credit facility from Capital One approximates its fair value because of the variable market interest rate charged to the Company. | |
The Company employs a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date using the exit price. Accordingly, when market observable data is not readily available, the Company's own assumptions are used to reflect those that market participants would be presumed to use in pricing the asset or liability at the measurement date. Assets and liabilities recorded on the consolidated balance sheets at fair value are categorized based on the level of judgment associated with inputs used to measure their fair value and the level of market price observability, as follows: | |
Level 1 – Unadjusted quoted prices are available in active markets for identical assets or liabilities as of the reporting date. | |
Level 2 – Pricing inputs are other than unadjusted quoted prices in active markets, which are based on the following: | |
•Quoted prices for similar assets or liabilities in active markets; | |
•Quoted prices for identical or similar assets or liabilities in non-active markets; or | |
•Either directly or indirectly observable inputs as of the reporting date. | |
Level 3 – Pricing inputs are unobservable and significant to the overall fair value measurement, and the determination of fair value requires significant management judgment or estimation. The valuation policies and procedures underlying are determined by the Company's accounting and finance team and are approved by the CFO. | |
In certain cases, inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Thus, a Level 3 fair value measurement may include inputs that are observable (Level 1 or Level 2) and unobservable (Level 3). The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset or liability. | |
The Company uses prices and inputs that are current as of the measurement date, including during periods of market disruption. In periods of market disruption, the ability to observe prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from Level 1 to Level 2, or from Level 2 to Level 3. The Company recognizes transfers between levels at either the actual date of the event or a change in circumstances that caused the transfer. | |
As of December 31, 2014, there were no transfers between Levels 1, 2 and 3 of the fair value hierarchy. | |
Summary of Significant Valuation Techniques | |
Level 2 Measurements: | |
Senior secured notes: Estimated based on quoted prices for identical senior secured notes in non-active market. | |
Level 3 Measurements: | |
Term loans: Estimated using a projected discounted cash flow analysis based on unobservable inputs including principal and interest payments and discount rate. A yield rate was estimated using yields rates for publicly traded debt instruments of comparable companies with similar features. An increase or decrease in the stock price and the discount rate assumption can significantly decrease or increase the fair value of team loans. See Note 9. | |
Warrants: Estimated using the Binomial Lattice option valuation model. Significant observable and unobservable inputs include stock price, exercise price, annual risk free rate, term, and expected volatility. An increase or decrease in these inputs could significantly increase or decrease the fair value of the warrant. See Notes 9 and 13. | |
Indefinite-lived assets - goodwill: Estimated using a projected discounted cash flow analysis based on unobservable inputs including gross profit, discount rate, working capital requirements, capital expenditures, depreciation and terminal value assumptions. An increase or decrease in the discount rate assumption and/or the terminal value assumption, in isolation, can have a significant effect on the fair value of the reporting unit. See Goodwill and Other Intangible Assets below. | |
Retail stores - leasehold improvements: Estimated using a projected discounted cash flow analysis based on unobservable inputs including gross profit and discount rate. The key assumptions used in the estimates of projected cash flows were sales, gross margins, and payroll costs. These forecasts were based on historical trends and take into account recent developments as well as the Company's plans and intentions. An increase or decrease in the discount rate assumption and/or projected cash flows, in isolation, can significantly decrease or increase the fair value of the assets, which would have an effect on the impairment recorded. See Impairment of Long-Lived Assets below. | |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Other Intangible Assets |
Goodwill and other intangible assets arise as a result of business acquisitions and consist of the excess of the cost of the acquisitions over the tangible and intangible assets acquired and liabilities assumed and identifiable intangible assets acquired. | |
The Company annually evaluates goodwill and other intangible assets for impairment. The Company also reviews its goodwill and other intangible assets for impairment whenever events or changes in circumstances indicate that it is more likely than not the carrying amount of goodwill may exceed its implied fair value. The Company quantitative determines whether, more likely than not, the fair value exceeds the carrying amount of a reporting unit. There are numerous assumptions and estimates underlying the quantitative assessments including future earnings, long-term strategies, and the Company's annual planning and forecasts. If these planned initiatives do not accomplish the targeted objectives, the assumptions and estimates underlying the quantitative assessments could be adversely affected and have a material effect upon the Company's financial condition and results of operations. As of December 31, 2014 and 2013, goodwill and other intangible impairment assessments indicated that there was no impairment. | |
Other intangible assets consist of deferred financing costs, key money, broker and finder fees, and lease rights. | |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets |
The Company assesses long-lived assets or asset groups for recoverability on a quarterly basis and when events or changes in circumstances indicate that their carrying amount may not be recoverable. The Company considers the following indicators, among others, that may trigger an impairment: (i) loss from operations or income from operations significantly below historical or projected future operating results; (ii) significant changes in the manner or use of the assets or in its overall strategy with respect to the manner or use of the acquired assets or changes in its overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company's stock price for a sustained period of time; and (vi) regulatory changes. | |
The Company evaluates the performance of its stores to determine impairment of its long-lived assets at retail stores. New stores less than 12 months are excluded from the analysis because of lack of historical financial results or trends. Each new store needs between 12 months and 24 months to mature and begin generating positive cash flows. For purposes of this evaluation, long-lived assets subject to store impairments include leasehold improvements as well as certain intangible assets such as broker and finder fees, lease rights, key money on store leases, and any other non-transferable assets. All intangible assets are subject to impairment analysis if they are non-refundable in nature. | |
If the Company identifies an indicator of impairment, it assesses recoverability by comparing, per store, the carrying amount of the store assets to the estimated future undiscounted cash flows associated with the store. An impairment loss is recognized when the carrying amount is not recoverable and is measured as the excess of carrying value over fair value. Such estimated fair values are generally determined by using the discounted future cash flows using a rate that approximates the Company's weighted average cost of capital. | |
The key assumptions used in management's estimates of projected cash flow at its retail stores deal largely with forecasts of sales levels, gross margins, and payroll costs. These forecasts are typically based on historical trends and take into account recent developments as well as management's plans and intentions. Any material change in manufacturing costs or raw material costs could significantly impact projected future cash flows of retail stores, and these factors are considered in evaluating impairment. Other factors, such as increased competition or a decrease in the desirability of the Company's products, could lead to lower projected sales levels which would adversely impact cash flows. A significant change in cash flows in the future could result in an impairment of long lived assets. | |
Website Development, Policy [Policy Text Block] | Website Development |
The Company capitalizes applicable costs incurred during the application and website infrastructure development stage while expensing costs incurred during the planning and operating stage. The carrying values of the Company's capitalized website development costs were $2,445 and $2,805 as of December 31, 2014 and 2013, respectively, and were included in property and equipment in the accompanying consolidated balance sheets. | |
Self-Insurance Accruals [Policy Text Block] | Self-Insurance Liabilities |
The Company self-insures a significant portion of expected losses under workers' compensation and health care benefits programs. Estimated costs under the workers' compensation program, including incurred but not reported claims, are recorded as expense based upon historical experience, trends of paid and incurred claims, and other actuarial assumptions. If actual claim trends under these programs, including the severity or frequency of claims, differ from the Company's estimates, its financial results may be significantly impacted. | |
The Company's estimated self-insurance liabilities are classified in its balance sheets as accrued expenses or other long-term liabilities based upon whether they are expected to be paid during or beyond the Company's normal operating cycle of 12 months from the date of its consolidated financial statements. Estimated costs under the Company's health care program are based on estimated losses for claims incurred but not paid at the end of the period. Funding is made directly to the providers and/or claimants by the insurance company. | |
Income Tax, Policy [Policy Text Block] | Income Taxes |
Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial reporting basis and the respective tax basis of its assets and liabilities, and are measured using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction. A valuation allowance for such tax assets and loss carryforwards is provided when it is determined that such amounts will more likely than not go unrealized. Significant weight is given to evidence that can be objectively verified. The determination to record a valuation allowance is based on the recent history of cumulative losses and current operating performance and includes an assessment of the degree to which any losses are driven by items that are unusual in nature or incurred to improve future profitability. In addition, the Company reviews changes in near-term market conditions and any other factors arising during the period which may impact its future operating results. If it becomes more likely than not that a tax asset will be realized, any related valuation allowance of such assets would be reversed. The Company recorded a valuation allowance against deferred tax assets of $143,062 and $120,694 for the years ended December 31, 2014 and 2013. | |
Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. Management believes that adequate provisions have been made for all years, but the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company's tax audits are resolved in a manner not consistent with management's expectations, the Company could be required to adjust its provision for income tax in the period such resolution occurs. | |
The Company's foreign domiciled subsidiaries are subject to foreign income taxes on earnings in their respective jurisdictions. The Company elected to have its foreign subsidiaries, except for its subsidiaries in Brazil, Canada, China, Ireland, Italy, South Korea, and Spain, consolidated in the Company's U.S. federal income tax return. The Company is generally eligible to receive tax credits on its U.S. federal income tax return for most of the foreign taxes paid by the Company's subsidiaries included in the U.S. federal income tax return. | |
For financial statement purposes, the Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Once this threshold has been met, the Company's measurement of its expected tax benefits is recognized in its financial statements. Gross unrecognized tax benefits are included in current liabilities in the consolidated balance sheets, and interest and penalties on unrecognized tax benefits are recorded in the income tax provision in the consolidated statements of operations. | |
Contingencies, Policy [Policy Text Block] | Contingencies |
Certain conditions may exist at the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings or governmental assessments that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of these matters as well as the merits of the amount of relief sought or expected to be sought. | |
The Company establishes reserves when it believes a loss is probable and is able to estimate its potential exposure. For loss contingencies believed to be reasonably possible, the Company also discloses the nature of the loss contingency and an estimate of the possible loss or range of loss, or a statement that such an estimate cannot be made. Insurance may cover a portion of such losses; however, certain matters could arise for which we do not have insurance coverage or for which insurance provides only partial coverage. These matters could have a material negative effect on our business, financial position, results of operations, or cash flows. See Notes 15 and 18. | |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition |
The Company recognizes revenue when all of the following criteria are met: (i) title and risk of loss have transferred to the customer, (ii) there is persuasive evidence of an arrangement, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured. Wholesale product sales are recorded at the time the product is either picked up by or shipped to the customer. Online sales are recorded at the time the product is received by the customer. Retail store sales are recorded upon the sale of product to retail customers. The Company's net sales represent gross sales invoiced to customers less certain related charges for discounts, returns, and other promotional allowances. | |
The Company recognizes revenue from gift cards, gift certificates and store credits as they are redeemed for product or when it is determined that some portion of gift cards will not be redeemed. See Gift Cards below. | |
Sales Returns and Allowances, Policy [Policy Text Block] | Sales Returns and Allowances |
The Company analyzes its historical sales return experience and records an allowance for its wholesale, online and retail store sales. Estimating sales returns are based on many factors including expected return data communicated by customers. The Company regularly reviews those factors and makes adjustments when it believes that actual product returns and claims may differ from established reserves. If actual or expected future returns and claims are significantly greater or lower than reserves established, the Company would decrease or increase net revenues in the period in which it made such determination. | |
Shipping and Handling Cost, Policy [Policy Text Block] | Shipping and Handling Costs |
Shipping and handling costs consist primarily of freight expenses incurred to transport products to the Company's retail stores, distribution center, and wholesale and online retail customers. These costs are included in cost of sales while amounts billed to customers for shipping are included in net sales. | |
Gift Cards [Policy Text Block] | Gift Cards |
Upon issuance of a gift card, a liability is established for the cash value. The liability is relieved and net sales are recorded upon redemption by the customer. Over time, some portion of gift cards is not redeemed ("breakage"). The Company determines breakage income for gift cards based on historical redemption patterns. Breakage income is recorded as a credit to selling expenses, which is a component of operating expenses in the consolidated statements of operations. The Company currently records breakage when gift cards remain unredeemed after two years. The Company's gift cards, gift certificates and store credits do not have expiration dates. | |
The Company does not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions used to calculate breakage. | |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | Trade Accounts Receivable and Allowance for Doubtful Accounts |
Trade accounts receivable is primarily receivable from customers including amounts due from credit card companies, net of allowances. On a periodic basis, the Company evaluates its trade accounts receivable and establishes an allowance for doubtful accounts. | |
The Company performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer's current credit worthiness, as determined by its review of current credit information. Payments from customers are continuously monitored. The Company maintains an allowance for doubtful accounts, which is based upon historical experience as well as specific customer collection issues that have been identified. If the financial condition of customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. | |
Deferred Rent, Rent Expense and Tenant Allowances [Policy Text Block] | Deferred Rent, Rent Expense and Tenant Allowances |
The Company occupies its retail stores, corporate office, manufacturing facilities, and distribution center under operating leases with terms of one to ten years. Some leases contain renewal options for periods ranging from five to fifteen years under substantially the same terms and conditions as the original leases but with rent adjustments based on various factors specific to each agreement. Many of the store leases require payment of a specified minimum rent, a contingent rent based on a percentage of the store's net sales in excess of a specified threshold, plus defined escalating rent provisions. The Company recognizes its minimum rent expense on a straight-line basis over the term of the lease (including probable lease renewals) plus the construction period prior to occupancy of the retail location using a mid-month convention. Further, rent expenses include payments of real estate taxes, insurance and certain common area and maintenance costs in addition to the future minimum operating lease payments. Certain lease agreements provide for the Company to receive lease inducements or tenant allowances from landlords to assist in the financing of certain property. These inducements are recorded as a component of deferred rent and amortized as a reduction of rent expense over the term of the related lease. | |
Advertising Costs, Policy [Policy Text Block] | Advertising |
The Company does not defer advertising expenses but expenses them as incurred. Advertising expenses were $15,176, $19,814, and $22,114 for the years ended December 31, 2014, 2013 and 2012, respectively, and were included in selling expenses in the consolidated statements of operations. The Company has cooperative advertising arrangements with certain vendors in its U.S. wholesale segment. For the years ended December 31, 2014, 2013 and 2012, cooperative advertising expenses were not significant. | |
Share-based Compensation, Policy [Policy Text Block] | Share-Based Compensation |
Share-based compensation expense for all share-based payment awards granted or modified is based on the estimated grant date fair value. The Company recognizes these compensation expenses on a straight-line basis over the vesting period for all share-based awards granted. The fair value of stock option awards is estimated using the Black-Scholes option pricing model at the grant date. The Company calculates the expected volatility using the historical volatility over the most recent period equal to the expected term and evaluates the extent to which available information indicate that future volatility may differ from historical volatility. The risk-free rates for the expected terms of the stock options are based on the U.S. Treasury yield curve in effect at the time of the grant. Due to the lack of historical information, the Company determines the expected term of its stock option awards by using the simplified method, which assumes each vesting tranche of the award has a term equal to the midpoint between when the award vests and when the award expires. Estimated forfeitures are zero, and actual forfeitures have been insignificant to date. The expected dividend yield is zero as the Company has not paid or declared any cash dividends on its common stock. Based on these valuations, the Company recognized share-based compensation expense of $4,317, $8,451, and $10,580 for the years ended December 31, 2014, 2013 and 2012, respectively. | |
Earnings Per Share, Policy [Policy Text Block] | Earnings per Share |
Basic earnings per share ("EPS") excludes dilution and reflects net loss divided by the weighted average shares of common stock outstanding during the period presented. Diluted EPS is based on the weighted average shares of common stock and potential dilutive common stock outstanding during the period presented. See Note 13. | |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Loss |
Comprehensive loss represents the change in stockholders' equity resulting from transactions other than stockholder investments and distributions. Accumulated other comprehensive loss includes changes in equity that are excluded from the Company's net loss, specifically, unrealized gains and losses on foreign currency translation adjustments and is presented in the consolidated statements of stockholders' equity. The Company presents the components of comprehensive loss within the consolidated statements of operations and comprehensive loss. | |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation |
The Company's 100% owned direct and indirect foreign operations present their financial reports in the currency used in the economic environment in which they mainly operate, known as the functional currency. The Company's functional currencies consist of the Canadian dollar for operations in Canada, the Australian dollar for operations in Australia, the pound Sterling for operations in the U.K., the Euro for operations in the European Union (excluding the Swiss Franc for operations in Switzerland and the Swedish Kronor for operations in Sweden, which are remeasured to Euro before translated into U.S. dollar), the New Israeli Shekel for operations in Israel, the Yen for the operations in Japan, the Won for operations in South Korea, the Renminbi for operations in China, the Real for operations in Brazil, and the Peso for operations in Mexico. | |
Assets and liabilities in foreign subsidiaries are translated into U.S. dollars at the exchange rate on the closing date, while the income statement is translated at the average exchange rate for the financial year. Gains and losses from these translations are recognized in foreign currency translation included in accumulated other comprehensive loss in the consolidated statements of stockholders' deficit. | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Standards |
In August 2014, the Financial Accounting Standards Board ("FASB") issued a new standard on disclosure of uncertainties about an entity's ability to continue as a going concern. The new standard provides guidance on determining when and how reporting entities must disclose going concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements. Additionally, an entity must provide certain disclosures if there is substantial doubt about the entity's ability to continue as a going concern. The new standard will be effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company is in the process of evaluating the impact of adoption on the Company's consolidated financial statements. | |
In June 2014, the FASB issued a new standard on accounting for share-based payments. The new standard clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. As such, the performance target should not be reflected in estimating the grant date fair value of the award. The new standard also clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period for which the requisite service has already been rendered. The new standard will be effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company is in the process of evaluating the impact of adoption on the Company's consolidated financial statements. | |
In May 2014, the FASB issued a new standard on recognizing revenue in contracts with customers. The new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The new standard creates a five-step process to recognize revenue that requires entities to exercise judgment when considering contract terms and relevant facts and circumstances. The new standard also requires expanded disclosures surrounding revenue recognition. The new standard will be effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. The Company is in the process of evaluating the impact of adoption on the Company's consolidated financial statements. | |
Other recently issued accounting standards are not expected to have a material effect on the Company's consolidated financial statements. | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments |
The Company's financial instruments at fair value are measured on a recurring basis. Related unrealized gains or losses are recognized in unrealized (gain) loss on change in fair value of warrants in the consolidated statements of operations. For additional disclosures regarding methods and assumptions used in estimating fair values of these financial instruments, see Note 2. | |
The following tables present carrying amounts and fair values of the Company's financial instruments as of December 31, 2014 and 2013, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. The Company did not have any assets or liabilities categorized as Level 1 as of December 31, 2014. | |
Segment Reporting, Policy [Policy Text Block] | The Company reports the following four operating segments based on the management approach: U.S. Wholesale, U.S. Retail, Canada, and International. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company's reportable segments. |
The U.S. Wholesale segment consists of the Company's wholesale operations of undecorated apparel products sold to distributors and third party screen printers in the U.S. as well as its online consumer sales. The Retail segment consists of the Company's retail operations in the U.S., which comprised 136 retail stores as of December 31, 2014. The Canada segment includes wholesale, retail, and online consumer operations in Canada. As of December 31, 2014, the retail operations in the Canada segment comprised 31 retail stores. The International segment includes wholesale, retail, and online consumer operations outside of the U.S. and Canada. As of December 31, 2014, the retail operations in the International segment comprised 75 retail stores operating in 18 countries outside the U.S. and Canada. All of the Company's retail stores sell its apparel products directly to consumers. | |
The Company evaluates performance of its operating segments primarily based on net sales and operating income or loss from operations. Operating income or loss for each segment does not include corporate general and administrative expenses, interest expense and other miscellaneous income/expense items. Corporate general and administrative expenses include, but are not limited to, human resources, legal, finance, information technology, accounting, executive compensation and various other corporate level expenses. | |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Deferred financing costs represent costs associated with issuing debt and are amortized on a straight-line basis over the term of the related indebtedness. Deferred financing cost amortization expenses were $1,901, $1,895, and $2,287 for the years ended December 31, 2014, 2013 and 2012, respectively, which were included in interest expense on the consolidated statements of operations. |
Lease rights are costs incurred to acquire the right to lease a specific property. A majority of the Company's lease rights are related to premiums paid to landlords. Lease rights are recorded at cost and are amortized on a straight-line basis over the term of the respective leases. | |
Key money is funds paid to a landlord or tenant to acquire the rights of tenancy under a commercial property lease for a certain property. Key money represents the "right to lease" with an automatic right of renewal. This right can be subsequently sold by the Company or can be recovered in case a landlord refuses to allow the automatic right of renewal. Key money is amortized on a straight-line basis over the respective lease terms. | |
Inventory, Policy [Policy Text Block] | Inventories |
Inventories consist of material, labor, and overhead, and are stated at the lower of cost or market. Cost is primarily determined on the first-in, first-out (FIFO) method. No supplier provided more than 10% of the Company's raw material purchases as of December 31, 2014 and 2013. | |
The Company identifies potentially excess and slow-moving inventories by evaluating turn rates, inventory levels and other factors and records lower of cost or market reserves for such identified excess and slow-moving inventories. The Company also establishes reserves for inventory shrinkage for each of its retail locations and warehouse based on the historical results of physical inventory cycle counts. |
SharedBased_Compensation_Share
Shared-Based Compensation Share-based compensation (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share-based Compensation, Option and Incentive Plans, Director Policy [Policy Text Block] | Vesting of the restricted share awards to employees may be either immediately upon grant or over a period of three to five years of continued service by the employee in equal annual installments. Vesting is immediate in the case of members of the Board. Share-based compensation is recognized over the vesting period based on the grant-date fair value. |
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Inventory Disclosure [Abstract] | ||||||||
Schedule of Inventory, Current [Table Text Block] | The components of inventories are as follows: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Raw materials | $ | 17,738 | $ | 23,199 | ||||
Work in process | 2,805 | 2,596 | ||||||
Finished goods | 135,813 | 146,361 | ||||||
156,356 | 172,156 | |||||||
Less reserve for inventory shrinkage and obsolescence | (8,778 | ) | (2,778 | ) | ||||
Total, net of reserves | $ | 147,578 | $ | 169,378 | ||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property, Plant and Equipment Components [Table Text Block] | roperty and equipment consist of the following: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Machinery and equipment | $ | 59,703 | $ | 58,069 | ||||
Furniture and fixtures | 47,404 | 46,749 | ||||||
Computers and software | 47,220 | 45,402 | ||||||
Automobiles and light trucks | 1,309 | 1,334 | ||||||
Leasehold improvements | 94,747 | 95,886 | ||||||
Buildings | 503 | 547 | ||||||
Construction in progress | 115 | 1,353 | ||||||
251,001 | 249,340 | |||||||
Less accumulated depreciation and amortization | (201,684 | ) | (180,037 | ) | ||||
Total | $ | 49,317 | $ | 69,303 | ||||
Goodwill_Intangible_Assets_and1
Goodwill, Intangible Assets and Other Assets (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||
Schedule of Intangible Assets and Goodwill [Table Text Block] | The following table presents the net carrying amounts of definite and indefinite lived intangible assets and other assets. | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Deferred financing costs | $ | 9,816 | $ | 10,275 | ||||
Broker and finder fees | 1,775 | 1,779 | ||||||
Lease rights | 172 | 187 | ||||||
Key money on store leases | 2,027 | 1,652 | ||||||
Total intangible assets, gross | 13,790 | 13,893 | ||||||
Accumulated amortization | (2,739 | ) | (2,361 | ) | ||||
Total intangible assets, net | 11,051 | 11,532 | ||||||
Goodwill | 1,906 | 1,906 | ||||||
Workers compensation deposit | 16,124 | 16,124 | ||||||
Lease security deposits | 7,389 | 9,013 | ||||||
Restricted cash | 1,650 | 2,078 | ||||||
Other | 5,768 | 6,074 | ||||||
Total intangible and other assets, net | $ | 43,888 | $ | 46,727 | ||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | The following table presents the estimated future amortization expenses related to amortizable intangible assets as of December 31, 2014: | |||||||
Year Ending December 31, | Amortization Expense | |||||||
2015 | $ | 2,209 | ||||||
2016 | 2,190 | |||||||
2017 | 2,170 | |||||||
2018 | 1,910 | |||||||
2019 and thereafter | 2,305 | |||||||
Total | $ | 10,784 | ||||||
Accrued_Expenses_and_Other_Cur1
Accrued Expenses and Other Current Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accrued Expenses and Other Current Liabilities [Abstract] | ||||||||
Schedule of Accrued Liabilities [Table Text Block] | The components of accrued expenses and other current liabilities are as follows: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Compensation, bonuses and related taxes | $ | 13,010 | $ | 12,254 | ||||
Accrued interest | 5,932 | 6,064 | ||||||
Workers' compensation and other self-insurance reserves (Note 16) | 6,760 | 6,383 | ||||||
Sales, value and property taxes | 5,984 | 5,240 | ||||||
Gift cards and store credits | 8,462 | 7,391 | ||||||
Loss contingencies | 2,360 | 1,177 | ||||||
Deferred revenue | 962 | 1,258 | ||||||
Deferred rent | 3,422 | 3,363 | ||||||
Other | 14,477 | 6,888 | ||||||
Total accrued expenses and other current liabilities | $ | 61,369 | $ | 50,018 | ||||
Revolving_Credit_Facilities_an1
Revolving Credit Facilities and Current Portion of Long-Term Debt (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Revolving Credit Facilities and Current Portion of Long-Term Debt [Abstract] | ||||||||||||
Schedule of Line of Credit Facilities [Table Text Block] | The following table presents revolving credit facilities and current portion of long-term debt: | |||||||||||
December 31, | ||||||||||||
Lender | Maturity | 2014 | 2013 | |||||||||
Revolving credit facility | Capital One | 14-Apr-18 | $ | 34,299 | $ | 43,526 | ||||||
Revolving credit facility | Bank of Montreal | 31-Mar-14 | 0 | 443 | ||||||||
Current portion of long-term debt | 13 | 73 | ||||||||||
Total | $ | 34,312 | $ | 44,042 | ||||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Long-term Debt, Unclassified [Abstract] | ||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | Long-term debt consists of the following: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Senior Secured Notes due 2020 (a) | $ | 208,084 | $ | 203,265 | ||||
Standard General Loan Agreement (b) | 9,049 | 0 | ||||||
Lion Loan Agreement (c) | 0 | 9,865 | ||||||
Other | 268 | 411 | ||||||
Total long-term debt | 217,401 | 213,541 | ||||||
Current portion of debt | (13 | ) | (73 | ) | ||||
Long-term debt, net of current portion | $ | 217,388 | $ | 213,468 | ||||
______________________ | ||||||||
(a) Includes accrued interest paid-in-kind of $7,233 and $3,044 and net of unamortized discount of $5,149 and $5,779 at December 31, 2014 and 2013, respectively. | ||||||||
(b) Net of unamortized discount of $816 at December 31, 2014. | ||||||||
(c) Includes accrued interest paid-in-kind of $365 at December 31, 2013. Assigned to Standard General on July 16, 2014. |
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Fair Value of Financial Instruments [Abstract] | |||||||||
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | |||||||||
31-Dec-14 | |||||||||
Carrying Amount | Fair Value | ||||||||
Senior Secured Notes due 2020 | Level 2 Liability | $ | 208,084 | $ | 211,538 | ||||
Standard General Loan Agreement | Level 3 Liability | 9,049 | 8,868 | ||||||
Lion Warrant | Level 3 Liability | (a) | 19,239 | ||||||
$ | 217,133 | $ | 239,645 | ||||||
31-Dec-13 | |||||||||
Carrying Amount | Fair Value | ||||||||
Senior Secured Notes due 2020 | Level 3 Liability | $ | 203,265 | $ | 191,065 | ||||
Lion Loan Agreement | Level 3 Liability | 9,865 | 9,773 | ||||||
Lion Warrant | Level 3 Liability | (a) | 20,954 | ||||||
$ | 213,130 | $ | 221,792 | ||||||
______________________ | |||||||||
(a) No cost is associated with these liabilities (see Note 13). | |||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The following table presents a summary of changes in fair value of the Lion Warrant (Level 3 financial liabilities) which are marked to market on a periodic basis: | ||||||||
2014 | 2013 | ||||||||
Beginning balance | $ | 20,954 | $ | 17,241 | |||||
Adjustments included in earnings (a) | (1,715 | ) | 3,713 | ||||||
Ending balance | $ | 19,239 | $ | 20,954 | |||||
______________________ | |||||||||
(a) The amount of total gains or losses for the period attributable to the change in unrealized gains or losses relating to liabilities held at the reporting date. The unrealized gains or losses are recorded in unrealized (gain) loss on change in fair value of warrants in the consolidated statements of operations. |
Capital_Lease_Obligations_Tabl
Capital Lease Obligations (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Capital Lease Obligations [Abstract] | |||||
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | inimum commitments for capital leases as of December 31, 2014: | ||||
Year Ending December 31, | Capital Leases | ||||
2015 | $ | 3,328 | |||
2016 | 2,030 | ||||
2017 | 27 | ||||
2018 | 0 | ||||
2019 | 0 | ||||
Thereafter | 0 | ||||
Total future minimum lease payments | 5,385 | ||||
Less: Amount representing interest | 425 | ||||
Net minimum lease payments | $ | 4,960 | |||
Current portion | $ | 2,978 | |||
Long-term portion | $ | 1,982 | |||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Income Tax Disclosure [Abstract] | ||||||||||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Components of income (loss) before income taxes are as follows: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
U.S. | $ | (68,695 | ) | $ | (107,637 | ) | $ | (38,365 | ) | |||
Foreign | 2,037 | 3,110 | 4,906 | |||||||||
$ | (66,658 | ) | $ | (104,527 | ) | $ | (33,459 | ) | ||||
Income tax provision [Table Text Block] | Components of the income tax provision are as follows: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Current: | ||||||||||||
Federal | $ | 0 | $ | 0 | $ | 0 | ||||||
State | 401 | 200 | 134 | |||||||||
Foreign | 2,137 | 2,024 | 3,446 | |||||||||
Total current | 2,538 | 2,224 | 3,580 | |||||||||
Deferred: | ||||||||||||
Federal | 0 | (402 | ) | 0 | ||||||||
State | 0 | 0 | 0 | |||||||||
Foreign | (379 | ) | (51 | ) | 233 | |||||||
Total deferred | (379 | ) | (453 | ) | 233 | |||||||
Income tax provision | $ | 2,159 | $ | 1,771 | $ | 3,813 | ||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The following presents a reconciliation of income taxes at the U.S. federal statutory rate to the Company's actual taxes. | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Taxes at the statutory federal tax rate of 35% | $ | (23,330 | ) | $ | (36,585 | ) | $ | (11,711 | ) | |||
State tax, net of federal benefit | (1,610 | ) | (4,059 | ) | 4,913 | |||||||
Change in valuation allowance | 20,966 | 42,771 | 5,123 | |||||||||
Return to provision adjustments | 1,731 | 0 | 0 | |||||||||
Tax differential on vesting of stock grants | 2,820 | 0 | 0 | |||||||||
Change in state deferred rate | 670 | 0 | 0 | |||||||||
Foreign tax rate differential | (148 | ) | 10 | (618 | ) | |||||||
Unrealized (gain) loss on warrants | (600 | ) | 1,299 | 4,809 | ||||||||
Other | 1,660 | (1,665 | ) | 1,297 | ||||||||
Total income tax provision | $ | 2,159 | $ | 1,771 | $ | 3,813 | ||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ||||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Deferred tax assets: | ||||||||||||
Net operating loss carryforwards | $ | 76,582 | $ | 62,052 | ||||||||
Accrued liabilities | 18,997 | 16,134 | ||||||||||
Federal and California tax credits | 12,067 | 12,067 | ||||||||||
Foreign tax credits | 11,034 | 9,296 | ||||||||||
Inventory reserves | 7,583 | 6,877 | ||||||||||
Fixed assets | 8,713 | 5,723 | ||||||||||
Deferred rent | 5,536 | 7,295 | ||||||||||
Deferred gift card income | 2,784 | 2,379 | ||||||||||
Other | 2,426 | 1,833 | ||||||||||
Allowance for doubtful accounts | 158 | 831 | ||||||||||
Total gross deferred tax assets | 145,880 | 124,487 | ||||||||||
Less valuation allowance | (143,062 | ) | (120,694 | ) | ||||||||
Deferred tax assets, net of valuation allowance | $ | 2,818 | $ | 3,793 | ||||||||
Deferred tax liabilities: | ||||||||||||
Prepaid expenses | $ | (1,188 | ) | $ | (1,432 | ) | ||||||
Other | 0 | (1,113 | ) | |||||||||
Total gross deferred tax liabilities | (1,188 | ) | (2,545 | ) | ||||||||
Net deferred tax assets | $ | 1,630 | $ | 1,248 | ||||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ||||||||||||
2014 | 2013 | |||||||||||
Balance at January 1 | $ | 0 | $ | 0 | ||||||||
Increases for tax positions in prior periods | 477 | 0 | ||||||||||
Balance at December 31 | $ | 477 | $ | 0 | ||||||||
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Class of Warrant or Right [Line Items] | ||||||||||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | A summary of the potential stock issuances under various options, warrants, and other agreements that could have a dilutive effect on the shares outstanding as of December 31, 2014, 2013, and 2012 are as follows: | |||||||||
2014 | 2013 | 2012 | ||||||||
SOF Warrants | 0 | 0 | 1,000 | |||||||
Lion Warrants | 24,511 | 21,606 | 21,606 | |||||||
Shares issuable to Mr. Charney based on market conditions (a) | 13,611 | 20,416 | 20,416 | |||||||
Contingent shares issuable to Mr. Charney based on market conditions (b) | 0 | 2,112 | 2,112 | |||||||
Contingent shares issuable to Mr. Charney based on performance factors (c) | 0 | 0 | 5,000 | |||||||
Employee options & restricted shares | 103 | 2,550 | 3,344 | |||||||
38,225 | 46,684 | 53,478 | ||||||||
Warrant [Member] | ||||||||||
Class of Warrant or Right [Line Items] | ||||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | The following table presents a summary of common stock warrants activities: | |||||||||
Shares | Weighted | Weighted | ||||||||
(in thousands) | -Average | -Average | ||||||||
Exercise Price | Contractual Life (in years) | |||||||||
Outstanding - January 1, 2012 | 22,606 | $ | 1.05 | 6 | ||||||
Issued (a) | 44,212 | 0.9 | 0 | |||||||
Forfeited (a) | (44,212 | ) | 1.03 | 0 | ||||||
Expired | 0 | 0 | 0 | |||||||
Outstanding - December 31, 2012 | 22,606 | $ | 0.81 | 8.8 | ||||||
Issued (a) | 0 | 0 | 0 | |||||||
Forfeited (a) | 0 | 0 | 0 | |||||||
Expired | (1,000 | ) | 2.15 | 0 | ||||||
Outstanding - December 31, 2013 | 21,606 | $ | 0.75 | 8.2 | ||||||
Issued (a) | 24,511 | 0.66 | 8 | |||||||
Forfeited (a) | (21,606 | ) | 0.75 | 0 | ||||||
Expired | 0 | 0 | 0 | |||||||
Outstanding - December 31, 2014 | 24,511 | $ | 0.66 | 7.2 | ||||||
Fair Value - December 31, 2014 | $ | 19,239 | ||||||||
______________________ | ||||||||||
(a) Issued and forfeited warrants represent repriced shares. |
SharedBased_Compensation_Table
Shared-Based Compensation (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Share-based Compensation [Abstract] | |||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | Restricted Share Awards - The following table presents a summary of the restricted share awards activity: | ||||||||||
Shares | Weighted-Average Grant Date Fair Value Per Share | Weighted-Average Remaining | |||||||||
(in thousands) | Vesting Period | ||||||||||
(in years) | |||||||||||
Non-vested - January 1, 2012 | 3,186 | $ | 1.45 | 2.7 | |||||||
Granted | 1,418 | 0.93 | |||||||||
Vested | (1,783 | ) | 1.23 | ||||||||
Forfeited | (177 | ) | 1.13 | ||||||||
Non-vested - December 31, 2012 | 2,644 | $ | 1.33 | 1.3 | |||||||
Granted | 963 | 1.75 | |||||||||
Vested | (1,650 | ) | 1.42 | ||||||||
Forfeited | (107 | ) | 1.6 | ||||||||
Non-vested - December 31, 2013 | 1,850 | $ | 1.46 | 0.9 | |||||||
Granted | 1,055 | 0.74 | |||||||||
Vested | (2,519 | ) | 1.14 | ||||||||
Forfeited | (283 | ) | 1.65 | ||||||||
Non-vested - December 31, 2014 | 103 | $ | 1.17 | 0.3 | |||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Stock Option Awards - The following table presents a summary of the stock option activity: | ||||||||||
Shares | Weighted-Average Exercise Price | Weighted-Average Contractual Remaining Life | Aggregate Intrinsic Value | ||||||||
(in thousands) | (in years) | (in thousands) | |||||||||
Outstanding - January 1, 2012 | 950 | $ | 1.06 | 9.5 | |||||||
Granted | 0 | ||||||||||
Forfeited | 0 | ||||||||||
Expired | (250 | ) | $ | 1.75 | |||||||
Outstanding - December 31, 2012 | 700 | $ | 0.82 | 8.8 | |||||||
Granted | 0 | ||||||||||
Forfeited | 0 | ||||||||||
Expired | 0 | ||||||||||
Outstanding - December 31, 2013 | 700 | $ | 0.82 | 7.8 | |||||||
Granted | 0 | ||||||||||
Exercised | (700 | ) | $ | 0.82 | |||||||
Forfeited | 0 | ||||||||||
Expired | 0 | ||||||||||
Outstanding - December 31, 2014 | 0 | ||||||||||
Vested (exercisable) - December 31, 2014 | 0 | ||||||||||
Non-vested - December 31, 2014 | 0 | ||||||||||
Business_Segment_and_Geographi1
Business Segment and Geographic Area Information (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Business Segment and Geographic Area Information [Abstract] | ||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following tables present key financial information of the Company's reportable segments before unallocated corporate expenses: | |||||||||||||||||||
For the Year Ended December 31, 2014 | ||||||||||||||||||||
U.S. Wholesale | U.S. Retail | Canada | International | Consolidated | ||||||||||||||||
Wholesale net sales | $ | 167,795 | $ | 0 | $ | 10,224 | $ | 8,842 | $ | 186,861 | ||||||||||
Retail net sales | 0 | 191,442 | 38,087 | 131,113 | 360,642 | |||||||||||||||
Online consumer net sales | 41,174 | 0 | 3,233 | 16,981 | 61,388 | |||||||||||||||
Total net sales | 208,969 | 191,442 | 51,544 | 156,936 | 608,891 | |||||||||||||||
Gross profit | 60,182 | 123,738 | 28,023 | 97,192 | 309,135 | |||||||||||||||
Income (loss) from segment operations | 31,068 | (794 | ) | 3,838 | (1,380 | ) | 32,732 | |||||||||||||
Depreciation and amortization | 8,645 | 11,614 | 1,672 | 3,966 | 25,897 | |||||||||||||||
Capital expenditures | 2,424 | 4,018 | 415 | 2,961 | 9,818 | |||||||||||||||
Retail store impairment | 0 | 696 | 178 | 1,864 | 2,738 | |||||||||||||||
Deferred rent benefit | (443 | ) | (3,025 | ) | (202 | ) | (646 | ) | (4,316 | ) | ||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
U.S. Wholesale | U.S. Retail | Canada | International | Consolidated | ||||||||||||||||
Wholesale net sales | $ | 159,682 | $ | 0 | $ | 12,092 | $ | 8,893 | $ | 180,667 | ||||||||||
Retail net sales | 0 | 205,011 | 45,163 | 141,517 | 391,691 | |||||||||||||||
Online consumer net sales | 41,569 | 0 | 2,879 | 17,135 | 61,583 | |||||||||||||||
Total net sales to external customers | 201,251 | 205,011 | 60,134 | 167,545 | 633,941 | |||||||||||||||
Gross profit | 49,877 | 131,912 | 34,720 | 104,376 | 320,885 | |||||||||||||||
Income (loss) from segment operations | 11,981 | (2,731 | ) | 3,684 | 3,916 | 16,850 | ||||||||||||||
Depreciation and amortization | 7,418 | 12,420 | 1,853 | 4,385 | 26,076 | |||||||||||||||
Capital expenditures | 10,115 | 11,204 | 1,167 | 4,568 | 27,054 | |||||||||||||||
Retail store impairment | 0 | 642 | 144 | 754 | 1,540 | |||||||||||||||
Deferred rent expense (benefit) | 81 | (1,678 | ) | (375 | ) | (121 | ) | (2,093 | ) | |||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
U.S. Wholesale | U.S. Retail | Canada | International | Consolidated | ||||||||||||||||
Wholesale net sales | $ | 149,611 | $ | 0 | $ | 13,006 | $ | 10,278 | $ | 172,895 | ||||||||||
Retail net sales | 0 | 198,886 | 48,499 | 141,738 | 389,123 | |||||||||||||||
Online consumer net sales | 35,744 | 0 | 2,164 | 17,384 | 55,292 | |||||||||||||||
Total net sales to external customers | 185,355 | 198,886 | 63,669 | 169,400 | 617,310 | |||||||||||||||
Gross profit | 53,195 | 130,498 | 37,500 | 106,190 | 327,383 | |||||||||||||||
Income (loss) from segment operations | 27,893 | 4,197 | (57 | ) | 10,670 | 42,703 | ||||||||||||||
Depreciation and amortization | 6,322 | 10,909 | 1,543 | 4,215 | 22,989 | |||||||||||||||
Capital expenditures | 9,791 | 6,626 | 1,607 | 3,583 | 21,607 | |||||||||||||||
Retail store impairment | 0 | 243 | 130 | 1,274 | 1,647 | |||||||||||||||
Deferred rent expense (benefit) | 523 | (706 | ) | (197 | ) | (515 | ) | (895 | ) | |||||||||||
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | Reconciliation of reportable segments combined income from operations to the consolidated loss before income taxes is as follows: | |||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Income from operations of reportable segments | $ | 32,732 | $ | 16,850 | $ | 42,703 | ||||||||||||||
Unallocated corporate expenses | 60,315 | 46,145 | 41,741 | |||||||||||||||||
Interest expense | 39,853 | 39,286 | 41,559 | |||||||||||||||||
Foreign currency transaction loss | 1,479 | 1 | 120 | |||||||||||||||||
Unrealized (gain) loss on change in fair value of warrant | (1,715 | ) | 3,713 | 4,126 | ||||||||||||||||
(Gain) loss on extinguishment of debt | (171 | ) | 32,101 | (11,588 | ) | |||||||||||||||
Other (income) expense | (371 | ) | 131 | 204 | ||||||||||||||||
Consolidated loss before income taxes | $ | (66,658 | ) | $ | (104,527 | ) | $ | (33,459 | ) | |||||||||||
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Net sales by geographic location of customers are as follows: | |||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
United States | $ | 400,411 | $ | 406,262 | $ | 384,241 | ||||||||||||||
Europe (excluding United Kingdom) | 64,760 | 70,347 | 66,861 | |||||||||||||||||
Canada | 51,544 | 60,134 | 63,669 | |||||||||||||||||
United Kingdom | 42,601 | 44,153 | 47,694 | |||||||||||||||||
South Korea | 12,696 | 10,380 | 10,732 | |||||||||||||||||
Japan | 12,836 | 18,119 | 20,336 | |||||||||||||||||
Australia | 9,293 | 10,218 | 11,458 | |||||||||||||||||
China | 7,613 | 6,894 | 5,317 | |||||||||||||||||
Other foreign countries | 7,137 | 7,434 | 7,002 | |||||||||||||||||
Total consolidated net sales | $ | 608,891 | $ | 633,941 | $ | 617,310 | ||||||||||||||
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block] | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
United States | $ | 400,411 | $ | 406,262 | $ | 384,241 | ||||||||||||||
Europe (excluding United Kingdom) | 64,760 | 70,347 | 66,861 | |||||||||||||||||
Canada | 51,544 | 60,134 | 63,669 | |||||||||||||||||
United Kingdom | 42,601 | 44,153 | 47,694 | |||||||||||||||||
South Korea | 12,696 | 10,380 | 10,732 | |||||||||||||||||
Japan | 12,836 | 18,119 | 20,336 | |||||||||||||||||
Australia | 9,293 | 10,218 | 11,458 | |||||||||||||||||
China | 7,613 | 6,894 | 5,317 | |||||||||||||||||
Other foreign countries | 7,137 | 7,434 | 7,002 | |||||||||||||||||
Total consolidated net sales | $ | 608,891 | $ | 633,941 | $ | 617,310 | ||||||||||||||
Property and equipment, net by geographic location and total assets by reporting segments are as follows: | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
United States | $ | 38,932 | $ | 53,424 | ||||||||||||||||
Europe (excluding the United Kingdom) | 3,818 | 4,741 | ||||||||||||||||||
United Kingdom | 2,482 | 4,434 | ||||||||||||||||||
Canada | 2,301 | 3,913 | ||||||||||||||||||
Australia | 566 | 846 | ||||||||||||||||||
Japan | 506 | 750 | ||||||||||||||||||
South Korea | 189 | 344 | ||||||||||||||||||
China | 80 | 291 | ||||||||||||||||||
Other foreign countries | 443 | 560 | ||||||||||||||||||
Total consolidated long-lived assets | $ | 49,317 | $ | 69,303 | ||||||||||||||||
U.S. Wholesale | $ | 165,936 | $ | 169,474 | ||||||||||||||||
U.S. Retail | 57,933 | 77,150 | ||||||||||||||||||
Canada | 15,271 | 17,761 | ||||||||||||||||||
International | 55,249 | 69,367 | ||||||||||||||||||
Total assets | $ | 294,389 | $ | 333,752 | ||||||||||||||||
Percentages of Total Assets and Total Liabilities in Foreign Subsidiaries [Table Text Block] | Foreign subsidiaries accounted for the following percentages of total assets and total liabilities: | |||||||||||||||||||
December 31, | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Total assets | 24 | % | 26.1 | % | ||||||||||||||||
Total liabilities | 6.3 | % | 6.8 | % |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Operating Leased Assets [Line Items] | ||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | The following table presents future minimum commitments (excluding real estate tax and maintenance costs) for retail locations and other leases that have initial or non-cancelable lease terms exceed one year as of December 31, 2014: | |||
Year Ending December 31, | Operating Leases | |||
2015 | $ | 63,007 | ||
2016 | 50,121 | |||
2017 | 43,555 | |||
2018 | 25,624 | |||
2019 | 18,321 | |||
Thereafter | 46,689 | |||
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Information Tables (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Balance Sheet [Table Text Block] | Condensed Consolidating Balance Sheets | Condensed Consolidating Balance Sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | (in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||
ASSETS | ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CURRENT ASSETS | CURRENT ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash | $ | 0 | $ | 1,370 | $ | 6,973 | $ | 0 | $ | 8,343 | Cash | $ | 0 | $ | 512 | $ | 8,164 | $ | 0 | $ | 8,676 | |||||||||||||||||||||||||||||||||||||||
Trade accounts receivable, net | 0 | 19,422 | 5,876 | 0 | 25,298 | Trade accounts receivable, net | 0 | 15,109 | 5,592 | 0 | 20,701 | |||||||||||||||||||||||||||||||||||||||||||||||||
Intercompany accounts receivable, net | 240,989 | (229,956 | ) | (11,033 | ) | 0 | 0 | Intercompany accounts receivable, net | 247,414 | (224,181 | ) | (23,233 | ) | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Inventories, net | 0 | 116,335 | 31,137 | 106 | 147,578 | Inventories, net | 0 | 129,716 | 39,736 | (74 | ) | 169,378 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other current assets | 90 | 11,290 | 6,391 | 0 | 17,771 | Other current assets | 97 | 10,442 | 6,002 | 0 | 16,541 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total current assets | 241,079 | (81,539 | ) | 39,344 | 106 | 198,990 | Total current assets | 247,511 | (68,402 | ) | 36,261 | (74 | ) | 215,296 | ||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment, net | 0 | 38,932 | 10,385 | 0 | 49,317 | Property and equipment, net | 0 | 53,424 | 15,879 | 0 | 69,303 | |||||||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | (115,109 | ) | 15,874 | 0 | 99,235 | 0 | Investments in subsidiaries | (94,161 | ) | 18,158 | 0 | 76,003 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
Other assets, net | 8,861 | 27,463 | 9,758 | 0 | 46,082 | Other assets, net | 9,282 | 27,934 | 11,937 | 0 | 49,153 | |||||||||||||||||||||||||||||||||||||||||||||||||
TOTAL ASSETS | $ | 134,831 | $ | 730 | $ | 59,487 | $ | 99,341 | $ | 294,389 | TOTAL ASSETS | $ | 162,632 | $ | 31,114 | $ | 64,077 | $ | 75,929 | $ | 333,752 | |||||||||||||||||||||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CURRENT LIABILITIES | CURRENT LIABILITIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving credit facilities and current portion of long-term debt | $ | 0 | $ | 34,299 | $ | 13 | $ | 0 | $ | 34,312 | Revolving credit facilities and current portion of long-term debt | $ | 0 | $ | 43,586 | $ | 456 | $ | 0 | $ | 44,042 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | 0 | 32,508 | 3,046 | 0 | 35,554 | Accounts payable | 0 | 34,738 | 3,552 | 0 | 38,290 | |||||||||||||||||||||||||||||||||||||||||||||||||
Accrued expenses and other current liabilities | 13,498 | 31,855 | 16,016 | 0 | 61,369 | Accrued expenses and other current liabilities | 5,952 | 28,344 | 15,722 | 0 | 50,018 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of warrant liability | 19,239 | 0 | 0 | 0 | 19,239 | Fair value of warrant liability | 20,954 | 0 | 0 | 0 | 20,954 | |||||||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 0 | 9,762 | 2,038 | 0 | 11,800 | Other current liabilities | 0 | 6,830 | 1,855 | 0 | 8,685 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total current liabilities | 32,737 | 108,424 | 21,113 | 0 | 162,274 | Total current liabilities | 26,906 | 113,498 | 21,585 | 0 | 161,989 | |||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt, net | 217,133 | 0 | 255 | 0 | 217,388 | Long-term debt, net | 213,130 | 47 | 291 | 0 | 213,468 | |||||||||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | 477 | 25,431 | 4,335 | 0 | 30,243 | Other long-term liabilities | 0 | 29,711 | 5,988 | 0 | 35,699 | |||||||||||||||||||||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 250,347 | 133,855 | 25,703 | 0 | 409,905 | TOTAL LIABILITIES | 240,036 | 143,256 | 27,864 | 0 | 411,156 | |||||||||||||||||||||||||||||||||||||||||||||||||
STOCKHOLDERS' (DEFICIT) EQUITY | STOCKHOLDERS' (DEFICIT) EQUITY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock | 18 | 100 | 494 | (594 | ) | 18 | Common stock | 11 | 100 | 492 | (592 | ) | 11 | |||||||||||||||||||||||||||||||||||||||||||||||
Additional paid-in capital | 218,779 | 6,726 | 7,967 | (14,693 | ) | 218,779 | Additional paid-in capital | 185,472 | 6,726 | 7,685 | (14,411 | ) | 185,472 | |||||||||||||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive (loss) income | (6,915 | ) | (2,493 | ) | (4,136 | ) | 6,629 | (6,915 | ) | Accumulated other comprehensive (loss) income | (4,306 | ) | (543 | ) | (671 | ) | 1,214 | (4,306 | ) | |||||||||||||||||||||||||||||||||||||||||
(Accumulated deficit) retained earnings | (325,241 | ) | (137,458 | ) | 29,459 | 107,999 | (325,241 | ) | (Accumulated deficit) retained earnings | (256,424 | ) | (118,425 | ) | 28,707 | 89,718 | (256,424 | ) | |||||||||||||||||||||||||||||||||||||||||||
Less: Treasury stock | (2,157 | ) | 0 | 0 | 0 | (2,157 | ) | Less: Treasury stock | (2,157 | ) | 0 | 0 | 0 | (2,157 | ) | |||||||||||||||||||||||||||||||||||||||||||||
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY | (115,516 | ) | (133,125 | ) | 33,784 | 99,341 | (115,516 | ) | TOTAL STOCKHOLDERS' (DEFICIT) EQUITY | (77,404 | ) | (112,142 | ) | 36,213 | 75,929 | (77,404 | ) | |||||||||||||||||||||||||||||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | $ | 134,831 | $ | 730 | $ | 59,487 | $ | 99,341 | $ | 294,389 | TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | $ | 162,632 | $ | 31,114 | $ | 64,077 | $ | 75,929 | $ | 333,752 | |||||||||||||||||||||||||||||||||||||||
Condensed Income Statement [Table Text Block] | Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income | Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income | Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2014 | For the Year Ended December 31, 2013 | For the Year Ended December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | (in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||||
Net sales | $ | 0 | $ | 447,968 | $ | 208,480 | $ | (47,557 | ) | $ | 608,891 | Net sales | $ | 0 | $ | 462,732 | $ | 227,680 | $ | (56,471 | ) | $ | 633,941 | Net sales | $ | 0 | $ | 452,234 | $ | 233,069 | $ | (67,993 | ) | $ | 617,310 | |||||||||||||||||||||||||
Cost of sales | 0 | 272,505 | 74,216 | (46,965 | ) | 299,756 | Cost of sales | 0 | 285,947 | 84,938 | (57,829 | ) | 313,056 | Cost of sales | 0 | 271,809 | 85,958 | (67,840 | ) | 289,927 | ||||||||||||||||||||||||||||||||||||||||
Gross profit | 0 | 175,463 | 134,264 | (592 | ) | 309,135 | Gross profit | 0 | 176,785 | 142,742 | 1,358 | 320,885 | Gross profit | 0 | 180,425 | 147,111 | (153 | ) | 327,383 | |||||||||||||||||||||||||||||||||||||||||
Selling and distribution expenses | 0 | 124,470 | 88,087 | 0 | 212,557 | Selling and distribution expenses | 0 | 143,379 | 98,304 | 0 | 241,683 | Selling and distribution expenses | 0 | 126,492 | 100,955 | 0 | 227,447 | |||||||||||||||||||||||||||||||||||||||||||
General and administrative expenses | 16,130 | 63,093 | 42,126 | 74 | 121,423 | General and administrative expenses | 502 | 67,779 | 38,676 | 0 | 106,957 | General and administrative expenses | 1,276 | 59,420 | 36,518 | 113 | 97,327 | |||||||||||||||||||||||||||||||||||||||||||
Retail store impairment | 0 | 695 | 2,043 | 0 | 2,738 | Retail store impairment | 0 | 642 | 898 | 0 | 1,540 | Retail store impairment | 0 | 243 | 1,404 | 0 | 1,647 | |||||||||||||||||||||||||||||||||||||||||||
(Loss) income from operations | (16,130 | ) | (12,795 | ) | 2,008 | (666 | ) | (27,583 | ) | (Loss) income from operations | (502 | ) | (35,015 | ) | 4,864 | 1,358 | (29,295 | ) | (Loss) income from operations | (1,276 | ) | (5,730 | ) | 8,234 | (266 | ) | 962 | |||||||||||||||||||||||||||||||||
Interest expense and other expense | 33,874 | 5,226 | (25 | ) | 0 | 39,075 | Interest expense and other expense | 63,992 | 10,622 | 618 | 0 | 75,232 | Interest expense and other expense | 23,975 | 9,629 | 817 | 0 | 34,421 | ||||||||||||||||||||||||||||||||||||||||||
Equity in loss (earnings) of subsidiaries | 18,336 | 611 | 0 | (18,947 | ) | 0 | Equity in loss (earnings) of subsidiaries | 41,804 | (95 | ) | 0 | (41,709 | ) | 0 | Equity in loss (earnings) of subsidiaries | 12,021 | (1,057 | ) | 0 | (10,964 | ) | 0 | ||||||||||||||||||||||||||||||||||||||
(Loss) income before income taxes | (68,340 | ) | (18,632 | ) | 2,033 | 18,281 | (66,658 | ) | (Loss) income before income taxes | (106,298 | ) | (45,542 | ) | 4,246 | 43,067 | (104,527 | ) | (Loss) income before income taxes | (37,272 | ) | (14,302 | ) | 7,417 | 10,698 | (33,459 | ) | ||||||||||||||||||||||||||||||||||
Income tax provision | 477 | 401 | 1,281 | 0 | 2,159 | Income tax provisions | 0 | (202 | ) | 1,973 | 0 | 1,771 | Income tax provision | 0 | 133 | 3,680 | 0 | 3,813 | ||||||||||||||||||||||||||||||||||||||||||
Net (loss) income | $ | (68,817 | ) | $ | (19,033 | ) | $ | 752 | $ | 18,281 | $ | (68,817 | ) | Net (loss) income | $ | (106,298 | ) | $ | (45,340 | ) | $ | 2,273 | $ | 43,067 | $ | (106,298 | ) | Net (loss) income | $ | (37,272 | ) | $ | (14,435 | ) | $ | 3,737 | $ | 10,698 | $ | (37,272 | ) | |||||||||||||||||||
Other comprehensive (loss) income, net of tax | (2,609 | ) | (1,950 | ) | (3,465 | ) | 5,415 | (2,609 | ) | Other comprehensive (loss) income, net of tax | (1,581 | ) | (162 | ) | (1,407 | ) | 1,569 | (1,581 | ) | Other comprehensive income, net of tax | 631 | 164 | 498 | (662 | ) | 631 | ||||||||||||||||||||||||||||||||||
Comprehensive (loss) income | $ | (71,426 | ) | $ | (20,983 | ) | $ | (2,713 | ) | $ | 23,696 | $ | (71,426 | ) | Comprehensive (loss) income | $ | (107,879 | ) | $ | (45,502 | ) | $ | 866 | $ | 44,636 | $ | (107,879 | ) | Comprehensive (loss) income | $ | (36,641 | ) | $ | (14,271 | ) | $ | 4,235 | $ | 10,036 | $ | (36,641 | ) | ||||||||||||||||||
Condensed Cash Flow Statement [Table Text Block] | Condensed Consolidating Statement of Cash Flows | Condensed Consolidating Statement of Cash Flows | Condensed Consolidating Statement of Cash Flows | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2014 | For the Year Ended December 31, 2013 | For the Year Ended December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | (in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | Parent | Combined Guarantor Subsidiaries | Combined Non-Guarantor Subsidiaries | Elimination Entries | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | CASH FLOWS FROM OPERATING ACTIVITIES | CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 6,361 | $ | (26,715 | ) | $ | 15,142 | $ | 0 | $ | (5,212 | ) | Net cash (used in) provided by operating activities | $ | (13,825 | ) | $ | (16,811 | ) | $ | 17,913 | $ | 0 | $ | (12,723 | ) | Net cash (used in) provided by operating activities | $ | (584 | ) | $ | 15,181 | $ | 8,992 | $ | 0 | $ | 23,589 | ||||||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | CASH FLOWS FROM INVESTING ACTIVITIES | CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | 0 | (6,441 | ) | (3,377 | ) | 0 | (9,818 | ) | Capital expenditures | 0 | (21,319 | ) | (5,735 | ) | 0 | (27,054 | ) | Capital expenditures | 0 | (16,418 | ) | (5,189 | ) | 0 | (21,607 | ) | ||||||||||||||||||||||||||||||||||
Proceeds from sale of fixed assets | 0 | (1 | ) | 22 | 0 | 21 | Proceeds from sale of fixed assets | 0 | 109 | 64 | 0 | 173 | Proceeds from sale of fixed assets | 0 | 414 | 60 | 0 | 474 | ||||||||||||||||||||||||||||||||||||||||||
Restricted cash | 0 | 0 | 214 | 0 | 214 | Restricted cash | 0 | 3,265 | (1,531 | ) | 0 | 1,734 | Restricted cash | 0 | (3,265 | ) | (455 | ) | 0 | (3,720 | ) | |||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | 0 | (6,442 | ) | (3,141 | ) | 0 | (9,583 | ) | Net cash used in investing activities | 0 | (17,945 | ) | (7,202 | ) | 0 | (25,147 | ) | Net cash used in investing activities | 0 | (19,269 | ) | (5,584 | ) | 0 | (24,853 | ) | ||||||||||||||||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | CASH FLOWS FROM FINANCING ACTIVITIES | CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash overdraft | 0 | 1,720 | 0 | 0 | 1,720 | Cash overdraft | 0 | 3,993 | 0 | 0 | 3,993 | Cash overdraft | 0 | (1,921 | ) | 0 | 0 | (1,921 | ) | |||||||||||||||||||||||||||||||||||||||||
Repayments under current revolving credit facilities, net | 0 | (9,280 | ) | (429 | ) | 0 | (9,709 | ) | Repayments of expired revolving credit facilities, net | 0 | (28,513 | ) | 0 | 0 | (28,513 | ) | Repayments of expired revolving credit facilities, net | 0 | (48,324 | ) | 0 | 0 | (48,324 | ) | ||||||||||||||||||||||||||||||||||||
Repayments of term loans and notes payable | 0 | (47 | ) | (13 | ) | 0 | (60 | ) | Borrowings (repayments) under current revolving credit facilities, net | 0 | 43,579 | (3,785 | ) | 0 | 39,794 | Borrowings under current revolving credit facilities, net | 0 | 26,113 | 2,338 | 0 | 28,451 | |||||||||||||||||||||||||||||||||||||||
Payments of debt issuance costs | (2,102 | ) | 0 | 0 | 0 | (2,102 | ) | Repayments of term loans and notes payable | 9,500 | (29,953 | ) | (13 | ) | 0 | (20,466 | ) | Borrowings (repayments) of term loans and notes payable, net | 0 | 30,000 | (13 | ) | 0 | 29,987 | |||||||||||||||||||||||||||||||||||||
Net proceeds from issuance of common stock | 28,435 | 0 | 0 | 0 | 28,435 | Repayment of Lion term loan | (144,149 | ) | 0 | 0 | 0 | (144,149 | ) | Payments of debt issuance costs | (231 | ) | (4,995 | ) | 0 | 0 | (5,226 | ) | ||||||||||||||||||||||||||||||||||||||
Proceeds from stock option exercise | 574 | 0 | 0 | 0 | 574 | Issuance of Senior Secured Notes | 199,820 | 0 | 0 | 0 | 199,820 | Payment of statutory payroll tax withholding on stock-based compensation associated with issuance of common stock | (393 | ) | 0 | 0 | 0 | (393 | ) | |||||||||||||||||||||||||||||||||||||||||
Payment of statutory payroll tax withholding on share-based compensation associated with issuance of common stock | (647 | ) | 0 | 0 | 0 | (647 | ) | Payments of debt issuance costs | (10,540 | ) | (1,369 | ) | 0 | 0 | (11,909 | ) | Proceeds from equipment lease financing | 0 | 4,533 | 0 | 0 | 4,533 | ||||||||||||||||||||||||||||||||||||||
Repayments of capital lease obligations | 0 | (2,595 | ) | (64 | ) | 0 | (2,659 | ) | Payment of statutory payroll tax withholding on share-based compensation associated with issuance of common stock | (2,623 | ) | 0 | 0 | 0 | (2,623 | ) | (Repayments) proceeds of capital lease obligations | 0 | (2,979 | ) | 86 | 0 | (2,893 | ) | ||||||||||||||||||||||||||||||||||||
Advances to/from affiliates | (32,621 | ) | 44,217 | (11,596 | ) | 0 | 0 | Repayments of capital lease obligations | 0 | (1,662 | ) | (57 | ) | 0 | (1,719 | ) | Advances to/from affiliates | 1,208 | 5,167 | (6,375 | ) | 0 | 0 | |||||||||||||||||||||||||||||||||||||
Net cash provided by (used in) financing activities | (6,361 | ) | 34,015 | (12,102 | ) | 0 | 15,552 | Advances to/from affiliates | (38,183 | ) | 45,397 | (7,214 | ) | 0 | 0 | Net cash provided by (used in) financing activities | 584 | 7,594 | (3,964 | ) | 0 | 4,214 | ||||||||||||||||||||||||||||||||||||||
Effect of foreign exchange rate on cash | 0 | 0 | (1,090 | ) | 0 | (1,090 | ) | Net cash provided by (used in) financing activities | 13,825 | 31,472 | (11,069 | ) | 0 | 34,228 | Effect of foreign exchange rate on cash | 0 | 0 | (390 | ) | 0 | (390 | ) | ||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in cash | 0 | 858 | (1,191 | ) | 0 | (333 | ) | Effect of foreign exchange rate on cash | 0 | 0 | (535 | ) | 0 | (535 | ) | Net increase (decrease) in cash | 0 | 3,506 | (946 | ) | 0 | 2,560 | ||||||||||||||||||||||||||||||||||||||
Cash, beginning of period | 0 | 512 | 8,164 | 0 | 8,676 | Net decrease in cash | 0 | (3,284 | ) | (893 | ) | 0 | (4,177 | ) | Cash, beginning of period | 0 | 290 | 10,003 | 0 | 10,293 | ||||||||||||||||||||||||||||||||||||||||
Cash, end of period | $ | 0 | $ | 1,370 | $ | 6,973 | $ | 0 | $ | 8,343 | Cash, beginning of period | 0 | 3,796 | 9,057 | 0 | 12,853 | Cash, end of period | $ | 0 | $ | 3,796 | $ | 9,057 | $ | 0 | $ | 12,853 | |||||||||||||||||||||||||||||||||
Cash, end of period | $ | 0 | $ | 512 | $ | 8,164 | $ | 0 | $ | 8,676 | ||||||||||||||||||||||||||||||||||||||||||||||||||
NON-CASH INVESTING AND FINANCING ACTIVITIES | NON-CASH INVESTING AND FINANCING ACTIVITIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment acquired and included in accounts payable | $ | 0 | $ | 130 | $ | 65 | $ | 0 | $ | 195 | Property and equipment acquired and included in accounts payable | $ | 0 | $ | 3,160 | $ | 618 | $ | 0 | $ | 3,778 | |||||||||||||||||||||||||||||||||||||||
NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment acquired under capital lease | $ | 0 | $ | 434 | $ | 0 | $ | 0 | $ | 434 | Property and equipment acquired and included in accounts payable | $ | 0 | $ | 818 | $ | 758 | $ | 0 | $ | 1,576 | |||||||||||||||||||||||||||||||||||||||
Standard General Loan Agreement assigned from Lion | $ | 9,865 | $ | 0 | $ | 0 | $ | 0 | $ | 9,865 | Property and equipment acquired under capital lease | $ | 0 | $ | 4,213 | $ | 0 | $ | 0 | $ | 4,213 | |||||||||||||||||||||||||||||||||||||||
Lion Loan Agreement assigned to Standard General | $ | (9,865 | ) | $ | 0 | $ | 0 | $ | 0 | $ | (9,865 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information Quarterly Financial Information (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ||||||||||||||||
Quarterly Financial Information [Text Block] | Unaudited Quarterly Financial Information | |||||||||||||||
Summarized quarterly financial information for fiscal 2014 and 2013 are listed below. | ||||||||||||||||
Quarter Ended | ||||||||||||||||
31-Dec | 30-Sep | 30-Jun | 31-Mar | |||||||||||||
2014 | ||||||||||||||||
Net sales | $ | 153,529 | $ | 155,869 | $ | 162,397 | $ | 137,096 | ||||||||
Gross profit | $ | 72,235 | $ | 82,539 | $ | 82,387 | $ | 71,974 | ||||||||
Net loss | $ | (27,962 | ) | $ | (19,184 | ) | $ | (16,205 | ) | $ | (5,466 | ) | ||||
Loss per share basic and diluted | $ | (0.16 | ) | $ | (0.11 | ) | $ | (0.09 | ) | $ | (0.05 | ) | ||||
2013 | ||||||||||||||||
Net sales | $ | 169,102 | $ | 164,543 | $ | 162,236 | $ | 138,060 | ||||||||
Gross profit | $ | 79,507 | $ | 84,640 | $ | 83,870 | $ | 72,868 | ||||||||
Net loss | $ | (20,770 | ) | $ | (1,513 | ) | $ | (37,504 | ) | $ | (46,511 | ) | ||||
Loss per share basic and diluted | $ | (0.19 | ) | $ | (0.01 | ) | $ | (0.34 | ) | $ | (0.42 | ) | ||||
The Company experiences seasonality in its operations; sales during the third and fourth fiscal quarters have generally been the highest while sales during the first fiscal quarter have been the lowest. This reflects the combined impact of the seasonality of the wholesale and retail segments. Generally, the Company's retail segment has not experienced the same pronounced sales seasonality as other retailers. | ||||||||||||||||
Net loss during 2014 was primarily affected by lower sales volumes and significant expenses related to certain professional fees and contingency settlements, particularly during the third and fourth quarter of 2014. In connection with the suspension of Mr. Charney on June 18, 2014, the Board formed the Internal Investigation which ultimately concluded with his termination for cause on December 16, 2014. The suspension and the Internal Investigation have resulted in substantial legal and consulting fees. Additionally, as discussed in Notes 15 and 18, the Company entered into certain settlements with the German customs authorities and other jurisdictions, the Orange County district attorney's office related to an OSHA matter, and various previously disclosed employment-related claims. Finally, the Company experienced unusually high employee severance costs during 2014. The primary causes of the net losses during the first and second quarters of 2014 were driven by lower sales volume and the unrealized losses on the Company's warrants, respectively. | ||||||||||||||||
Net loss during 2013 was affected by the transition to the Company's new distribution center in La Mirada, California resulted in significant incremental costs (primarily labor). The issues surrounding the transition primarily related to improper design and integration and inadequate training and staffing. These issues caused processing inefficiencies that required the Company to employ additional staffing in order to meet customer demand. The transition was successfully completed during the fourth quarter of 2013. The center is now fully operational and labor costs have been reduced. The primary causes of the net losses during the first and second quarters of 2013 were driven by the unrealized losses on the Company's warrants and the loss on early extinguishment of debt, respectively. | ||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | Summarized quarterly financial information for fiscal 2014 and 2013 are listed below. | |||||||||||||||
Quarter Ended | ||||||||||||||||
31-Dec | 30-Sep | 30-Jun | 31-Mar | |||||||||||||
2014 | ||||||||||||||||
Net sales | $ | 153,529 | $ | 155,869 | $ | 162,397 | $ | 137,096 | ||||||||
Gross profit | $ | 72,235 | $ | 82,539 | $ | 82,387 | $ | 71,974 | ||||||||
Net loss | $ | (27,962 | ) | $ | (19,184 | ) | $ | (16,205 | ) | $ | (5,466 | ) | ||||
Loss per share basic and diluted | $ | (0.16 | ) | $ | (0.11 | ) | $ | (0.09 | ) | $ | (0.05 | ) | ||||
2013 | ||||||||||||||||
Net sales | $ | 169,102 | $ | 164,543 | $ | 162,236 | $ | 138,060 | ||||||||
Gross profit | $ | 79,507 | $ | 84,640 | $ | 83,870 | $ | 72,868 | ||||||||
Net loss | $ | (20,770 | ) | $ | (1,513 | ) | $ | (37,504 | ) | $ | (46,511 | ) | ||||
Loss per share basic and diluted | $ | (0.19 | ) | $ | (0.01 | ) | $ | (0.34 | ) | $ | (0.42 | ) |
Organization_and_Business_Deta
Organization and Business (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2014 | Mar. 31, 2015 | Dec. 31, 2013 | Mar. 13, 2015 |
non-employee | non-employee | Subsidiary | ||||
directors | directors | |||||
Number of Directors Resigned | 5 | 5 | ||||
Number of Directors Appointed | 5 | 5 | ||||
Number of Directors Appointed, Standard General Designated | 3 | 3 | ||||
Number of Directors Appointed by Standard General and American Apparel, Inc. | 2 | 2 | ||||
Number of directors appointed by Lion Capital LLP | 2 | 2 | ||||
Loss Contingency Accrual, Payments | $85 | $4,390 | $4,390 | |||
Cash | 8,343 | 8,343 | 8,676 | |||
Line of Credit Facility, Remaining Borrowing Capacity | 13,146 | 13,146 | ||||
Public offering | 61,645 | |||||
Shares Issued, Price Per Share | $0.50 | $0.50 | ||||
Public offering | 28,441 | |||||
Common Stock, Shares, Issued | 176,566 | 176,566 | 113,469 | |||
Common Stock, Shares, Outstanding | 176,194 | 176,194 | 111,330 | |||
Minimum Adjusted EBITDA | 38,186 | |||||
Revolving Credit Facility [Member] | ||||||
Long-term Line of Credit | 34,299 | 34,299 | 43,526 | |||
Capital One Credit Agreement [Member] | ||||||
Long-term Line of Credit | 34,299 | 34,299 | 43,526 | |||
Line of Credit Facility, Maximum Borrowing Capacity | 50,000 | 50,000 | ||||
Line of credit facility, covenants, fixed charge coverage ratio, Minimum | 1 | 1 | ||||
Leverage ratio, maximum | 6.7 | 6.7 | ||||
Line of credit facility, covenants, leverage ratio, maximum | 5.1 | 5.1 | ||||
Line of credit facility, covenants, capital expenditures, maximum | 8,000 | 8,000 | ||||
Line of credit facility, covenants, EBITDA threshold, Minimum | 41,124 | |||||
London Interbank Offered Rate (LIBOR) [Member] | Capital One Credit Agreement [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 0.00% | |||||
Prime Rate [Member] | Capital One Credit Agreement [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 4.00% | |||||
Cost of Sales [Member] | ||||||
Loss Contingency, Loss in Period | 79 | |||||
General and Administrative Expense [Member] | ||||||
Loss Contingency, Loss in Period | 5,104 | |||||
Additional Paid-in Capital (Member) | ||||||
Public offering | 28,435 | |||||
All Countries [Domain] | ||||||
Number of Stores | 242 | 242 | ||||
Number of Countries in which Entity Operates | 20 | 20 | ||||
Subsequent Event [Member] | ||||||
Line of Credit Facility, Remaining Borrowing Capacity | 5,837 | |||||
Debt of subsidiary, number of subsidiaries | 1 | |||||
Subsequent Event [Member] | Standard General [Member] | ||||||
Long-term Debt | 15,000 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 14.00% |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Rate | |||
number_of_suppliers | |||
customers | |||
Gift card breakage point, time period | 2 years | ||
Concentration Risk Suppliers Number of | 0 | ||
Concentration Risk Percentage of Raw Material Purchases from Suppliers | 10.00% | ||
Lower of cost or market reserve for excess and slow-moving inventory | $6,684,000 | $1,951,000 | |
Reserve for inventory shrinkage | 2,094,000 | 827,000 | |
Percentage of ownership interest in entity | 100.00% | ||
Deferred Tax Assets, Valuation Allowance | 143,062,000 | 120,694,000 | |
Deposits, Foreign | 6,361,000 | 7,374,000 | |
number of vendors | 1 | ||
Asset Impairment Charges | 2,738,000 | 1,540,000 | 1,647,000 |
Capitalized Computer Software, Net | 2,445,000 | 2,805,000 | |
Marketing and Advertising Expense | 15,176,000 | 19,814,000 | 22,114,000 |
estimated forfeitures | 0 | ||
Preferred Stock, Shares Issued | 0 | 0 | |
Share-Based Compensation Expense | 4,317,000 | 8,451,000 | 10,580,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Payments | 0 | ||
Preferred Stock, Shares Authorized | 1,000 | 1,000 | |
Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 38,225 | 46,684 | 53,478 |
Employment Agreement 2012 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 2,500 | ||
Share-Based Compensation Expense | $703,000 | ||
Customer Concentration Risk [Member] | |||
Concentration Risk, Percentage | 16.60% | 14.20% | |
Minimum [Member] | |||
Lessee Leasing Arrangements, Operating Leases, Term of Contract | 1 year | ||
Lessee Leasing Arrangements, Operating Leases, Renewal Term | 5 years | ||
Maximum [Member] | |||
Lessee Leasing Arrangements, Operating Leases, Term of Contract | 10 years | ||
Lessee Leasing Arrangements, Operating Leases, Renewal Term | 15 years |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Non-printing) (Details) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Summary of Significant Accounting Policies [Abstract] | ||
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Inventories_Details
Inventories (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ||
Raw materials | $17,738 | $23,199 |
Work in process | 2,805 | 2,596 |
Finished goods | 135,813 | 146,361 |
Inventory, Gross | 156,356 | 172,156 |
Less reserve for inventory shrinkage and obsolescence | -8,778 | -2,778 |
Inventories, net | 147,578 | 169,378 |
Reserve for inventory shrinkage | 2,094 | 827 |
Lower of cost or market reserve for excess and slow-moving inventory | $6,684 | $1,951 |
Property_and_Equipment_Details
Property and Equipment (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Property, Plant and Equipment [Abstract] | |||
Depreciation and amortization | $25,897 | $26,076 | $22,989 |
Capital leased assets, gross | 15,743 | 15,115 | |
Capital leases, accumulated depreciation | 13,099 | 12,252 | |
Asset Impairment Charges | $2,738 | $1,540 | $1,647 |
Property_and_Equipment_Summary
Property and Equipment (Summary of Property, Plant and Equipment) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Abstract] | ||
Machinery and equipment | $59,703 | $58,069 |
Furniture and fixtures | 47,404 | 46,749 |
Leasehold improvements | 94,747 | 95,886 |
Buildings | 503 | 547 |
Construction in progress | 115 | 1,353 |
Property, Plant and Equipment, Gross | 251,001 | 249,340 |
Computer equipment and software | 47,220 | 45,402 |
Automobiles and light trucks | 1,309 | 1,334 |
Less accumulated depreciation and amortization | -201,684 | -180,037 |
Property, Plant and Equipment, Net | $49,317 | $69,303 |
Property_and_Equipment_Parenth
Property and Equipment Parenthetical (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Machinery and Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 5 years |
Machinery and Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 7 years |
Furniture and Fixtures [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 3 years |
Furniture and Fixtures [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 5 years |
Computer Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 3 years |
Computer Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 5 years |
Automobiles [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 3 years |
Automobiles [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 5 years |
Land, Buildings and Improvements [Member] | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 25 years |
Goodwill_Intangible_Assets_and2
Goodwill, Intangible Assets and Other Assets (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Amortization expense, deferred financing costs | $1,901 | $1,895 | $2,287 |
Amortization of Intangible Assets | $595 | $456 | $472 |
Goodwill_Intangible_Assets_and3
Goodwill, Intangible Assets and Other Assets (Definite and indefinite intangible assets) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Deferred financing costs | $9,816 | $10,275 |
Broker and finder fees | 1,775 | 1,779 |
Lease rights | 172 | 187 |
Key money on store leases | 2,027 | 1,652 |
Total intangible assets, gross | 13,790 | 13,893 |
Accumulated amortization | -2,739 | -2,361 |
Total intangible assets, net | 11,051 | 11,532 |
Goodwill | 1,906 | 1,906 |
Workers compensation deposit | 16,124 | 16,124 |
Lease security deposits | 7,389 | 9,013 |
Restricted Cash and Cash Equivalents, Noncurrent | 1,650 | 2,078 |
Other | 5,768 | 6,074 |
Intangible Assets, Net (Including Goodwill) | $43,888 | $46,727 |
Goodwill_Intangible_Assets_and4
Goodwill, Intangible Assets and Other Assets (Estimated amortization expense of deferred financing costs, broker and finder fees, lease rights and key money) (Details) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Amortization Expense, 2014 | $2,209 |
Amortization Expense, 2015 | 2,190 |
Amortization Expense, 2016 | 2,170 |
Amortization Expense, 2017 | 1,910 |
Amortization Expense, 2018 and thereafter | 2,305 |
Finite-Lived Intangible Assets Amortization Expense - Estimated Future Amortization Expense | $10,784 |
Accrued_Expenses_and_Other_Cur2
Accrued Expenses and Other Current Liabilities (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accrued Expenses and Other Current Liabilities [Abstract] | ||
Compensation, bonuses and related taxes | $13,010 | $12,254 |
Accrued interest | 5,932 | 6,064 |
Workers' compensation and other self-insurance reserves (Note 16) | 6,760 | 6,383 |
Sales, value and property taxes | 5,984 | 5,240 |
Gift cards and store credits | 8,462 | 7,391 |
Loss contingencies | 2,360 | 1,177 |
Deferred revenue | 962 | 1,258 |
Deferred rent | 3,422 | 3,363 |
Other | 14,477 | 6,888 |
Total accrued expenses and other current liabilities | $61,369 | $50,018 |
Revolving_Credit_Facilities_an2
Revolving Credit Facilities and Current Portion of Long-Term Debt (Details) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 13, 2015 | Mar. 31, 2015 |
Rate | |||||
Line of Credit Facility [Line Items] | |||||
Interest Expense, Debt | $39,853 | $39,286 | $41,559 | ||
Long-term Debt, Current Maturities | 13 | 73 | |||
Short-term Debt | 34,312 | 44,042 | |||
Line of Credit Facility, Remaining Borrowing Capacity | 13,146 | ||||
Minimum Adjusted EBITDA | 38,186 | ||||
Percentage of ownership interest in entity | 100.00% | ||||
Revolving Credit Facility [Member] | |||||
Line of Credit Facility [Line Items] | |||||
Long-term Line of Credit | 34,299 | 43,526 | |||
Capital One Credit Agreement [Member] | |||||
Line of Credit Facility [Line Items] | |||||
Long-term Line of Credit | 34,299 | 43,526 | |||
Line of Credit Facility, Maximum Borrowing Capacity | 50,000 | ||||
Line of credit facility, minimum excess availability threshold covenant | 15,000 | ||||
Leverage ratio, maximum | 6.7 | ||||
Line of credit facility, covenants, leverage ratio, maximum | 5.1 | ||||
Line of credit facility, covenants, EBITDA threshold, Minimum | 41,124 | ||||
Line of credit facility, covenants, fixed charge coverage ratio, Minimum | 1 | ||||
Line of credit facility, covenants, capital expenditures, maximum | 8,000 | ||||
Letters of Credit Outstanding, Amount | 1,080 | ||||
Bank of Montreal Credit Agreement [Member] | |||||
Line of Credit Facility [Line Items] | |||||
Long-term Line of Credit | 0 | 443 | |||
Interest Expense [Member] | |||||
Line of Credit Facility [Line Items] | |||||
Interest Expense, Debt | 39,286 | 41,559 | |||
Interest Costs Capitalized | 0 | 0 | 0 | ||
London Interbank Offered Rate (LIBOR) [Member] | Capital One Credit Agreement [Member] | |||||
Line of Credit Facility [Line Items] | |||||
Debt Instrument, Basis Spread on Variable Rate | 0.00% | ||||
Prime Rate [Member] | Capital One Credit Agreement [Member] | |||||
Line of Credit Facility [Line Items] | |||||
Debt Instrument, Basis Spread on Variable Rate | 4.00% | ||||
Subsequent Event [Member] | |||||
Line of Credit Facility [Line Items] | |||||
Line of Credit Facility, Remaining Borrowing Capacity | 5,837 | ||||
Standard General [Member] | Subsequent Event [Member] | |||||
Line of Credit Facility [Line Items] | |||||
Long-term Debt | $15,000 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 12 Months Ended | 3 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2015 | Sep. 30, 2014 |
Rate | Rate | Subsidiary | |||||
Debt Instrument [Line Items] | |||||||
Gains (Losses) on Extinguishment of Debt | $171 | ($32,101) | $11,588 | ||||
Debt Instrument, Unamortized Discount | 5,149 | 5,779 | 5,149 | ||||
Percentage of ownership interest in entity | 100.00% | 100.00% | |||||
Senior Notes [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Redemption price, percent | 97.00% | 97.00% | |||||
Debt Instrument, Redemption Price, Percentage | 100.00% | ||||||
Debt Instrument, Face Amount | 206,000 | 206,000 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 15.00% | 15.00% | |||||
Debt Instrument, Interest Rate, Paid-In-Kind | 2.00% | 2.00% | |||||
Debt Instrument, Periodic Payment, Interest | 13,900 | 13,666 | 13,390 | ||||
Redemption Premium | 0 | ||||||
Principal amount subject to redemption, percent | 35.00% | 35.00% | |||||
Redemption price1, percent | 113.00% | 113.00% | |||||
Redemption price2, percent | 101.00% | 101.00% | |||||
Principal amount subject to redemption1, percent | 100.00% | 100.00% | |||||
Debt Instrument, Unamortized Discount | 5,149 | 5,779 | 5,149 | ||||
Standard General Loan Agreement [Member] [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 17.00% | 17.00% | |||||
Debt Instrument, Unamortized Discount | 816 | 816 | |||||
Fair Value, Inputs, Level 3 [Member] | Standard General Loan Agreement [Member] [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Long-term Debt, Gross | 9,865 | 9,865 | |||||
Long-term debt, net carrying amount | 9,049 | 0 | 9,049 | 9,034 | 9,034 | ||
Fair Value, Inputs, Level 3 [Member] | Standard General Loan Agreement [Member] [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt Instrument, Unamortized Discount | $831 | ||||||
Subsequent Event [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt of subsidiary, number of subsidiaries | 1 | ||||||
Subsequent Event [Member] | Standard General [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 14.00% | ||||||
Prepayment amount due to change of control, percent | 101.00% |
LongTerm_Debt_Components_of_Lo
Long-Term Debt (Components of Long-Term Debt) (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Debt Instrument [Line Items] | ||||
Long-term Debt, Current Maturities | $13 | $73 | ||
Long-term debt, net of current portion | 217,388 | 213,468 | ||
Debt Instrument, Unamortized Discount | 5,149 | 5,779 | ||
Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Senior Notes | 208,084 | 203,265 | ||
Accrued Interest Paid In Kind | 7,233 | 3,044 | ||
Debt Instrument, Unamortized Discount | 5,149 | 5,779 | ||
Standard General Loan Agreement [Member] [Member] | ||||
Debt Instrument [Line Items] | ||||
Long-Term Debt including current maturities, accrued interest paid-in-kind, net of unamortized discount 2013 | 9,049 | |||
Debt Instrument, Unamortized Discount | 816 | |||
Lion Credit Agreement 2013 [Member] [Domain] | ||||
Debt Instrument [Line Items] | ||||
Long-Term Debt including current maturities, accrued interest paid-in-kind, net of unamortized discount 2013 | 0 | 9,865 | ||
Accrued Interest Paid In Kind | 365 | |||
Other Debt Obligations [Member] | ||||
Debt Instrument [Line Items] | ||||
Other Long-term Debt | 268 | 411 | ||
Long-term Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Long-term Debt | 217,401 | 213,541 | ||
Long-term debt, net of current portion | 217,388 | 213,468 | ||
Fair Value, Inputs, Level 3 [Member] | Standard General Loan Agreement [Member] [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Unamortized Discount | 831 | |||
Standard General Loan Agreement [Member] [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Debt Instrument [Line Items] | ||||
Long-term debt, net carrying amount | $9,049 | $9,034 | $9,034 | $0 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments (Summary of Present Carrying Amounts and Fair Vallue - Level 3) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2014 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net | $0 | ||
Warrants and Rights Outstanding | 19,239 | 20,954 | |
Debt Instrument, Unamortized Discount | 5,149 | 5,779 | |
Lion Credit Agreement 2013 [Member] [Domain] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Long-term Debt, Fair Value | 365 | ||
Long-Term Debt including current maturities, accrued interest paid-in-kind, net of unamortized discount 2013 | 0 | 9,865 | |
Standard General Loan Agreement [Member] [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Debt Instrument, Unamortized Discount | 816 | ||
Long-Term Debt including current maturities, accrued interest paid-in-kind, net of unamortized discount 2013 | 9,049 | ||
Senior Notes [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Senior Notes | 208,084 | 203,265 | |
Long-term Debt, Fair Value | 7,233 | 3,044 | |
Debt Instrument, Unamortized Discount | 5,149 | 5,779 | |
Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Liability (levels 2 & 3), carrying amount | 217,133 | ||
Liability (level 3), carrying amount | 213,130 | ||
Financial Liabilities Fair Value Disclosure | 239,645 | 221,792 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Senior Notes [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Senior Notes | 211,538 | 191,065 | |
Fair Value, Inputs, Level 3 [Member] | Standard General Loan Agreement [Member] [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Debt Instrument, Unamortized Discount | 831 | ||
Lion Warrants [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Warrants and Rights Outstanding | 19,239 | 20,954 | |
Standard General Loan Agreement [Member] [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Warrants and Rights Outstanding | 8,868 | ||
Lion Credit Agreement [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Warrants and Rights Outstanding | $9,773 |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments (Activity of Level 3 Inputs) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Debt Instrument, Unamortized Discount | $5,149 | $5,779 | |
Warrant [Member] | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value | 19,239 | 20,954 | 17,241 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings | -1,715 | 3,713 | |
Lion Credit Agreement [Member] | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Debt Instrument, Unamortized Discount | 27,929 | ||
Accrued Interest Paid In Kind | $16,469 |
Capital_Lease_Obligations_Deta
Capital Lease Obligations (Details) | Dec. 31, 2014 |
Rate | |
Capital Lease Obligations [Abstract] | |
Interest rate, minimum range, capital lease | 0.40% |
Interest rate, maximum range, capital lease | 24.10% |
Average interest rate, capital leases | 9.00% |
Capital_Lease_Obligations_Mini
Capital Lease Obligations (Minimum future payments) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Capital Lease Obligations [Abstract] | ||
Future Minimum Payments Due, 2013 | $3,328 | |
Future Minimum Payments Due, 2014 | 2,030 | |
Future Minimum Payments Due, 2015 | 27 | |
Future Minimum Payments Due, 2016 | 0 | |
Future Minimum Payments Due, 2017 and thereafter | 0 | |
Capital Leases, Future Minimum Payments Due Thereafter | 0 | |
Total future minimum lease payments | 5,385 | |
Current portion | 2,978 | 1,709 |
Long-term portion | 1,982 | 5,453 |
Capital Leases, Future Minimum Payments, Interest Included in Payments | 425 | |
Capital Lease Obligations | $4,960 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Income Tax Contingency [Line Items] | |
Public offering | 61,645 |
Undistributed Earnings of Foreign Subsidiaries | $21,004 |
Tax Credit Carryforward, Description | ten |
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | 24 |
Unrecognized Tax Benefits, Income Tax Penalties Accrued | 48 |
Domestic Tax Authority [Member] | |
Income Tax Contingency [Line Items] | |
Operating Loss Carryforwards | 202,781 |
State and Local Jurisdiction [Member] | |
Income Tax Contingency [Line Items] | |
Operating Loss Carryforwards | 121,211 |
Foreign Tax Authority [Member] | |
Income Tax Contingency [Line Items] | |
Operating Loss Carryforwards | 9,596 |
California [Member] | |
Income Tax Contingency [Line Items] | |
Tax Credit Carryforward, Amount | $11,800 |
Income_Taxes_Net_loss_before_i
Income Taxes (Net loss before income taxes) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | |||
U.S. | ($68,695) | ($107,637) | ($38,365) |
Foreign | 2,037 | 3,110 | 4,906 |
Loss before income taxes | ($66,658) | ($104,527) | ($33,459) |
Income_Taxes_Provision_benefit
Income Taxes (Provision (benefit) for income taxes) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | |||
Current Federal Tax Expense (Benefit) | $0 | $0 | $0 |
Current State and Local Tax Expense (Benefit) | 401 | 200 | 134 |
Current Foreign Tax Expense (Benefit) | 2,137 | 2,024 | 3,446 |
Current Income Tax Expense (Benefit) | 2,538 | 2,224 | 3,580 |
Deferred Federal Income Tax Expense (Benefit) | 0 | -402 | 0 |
Deferred State and Local Income Tax Expense (Benefit) | 0 | 0 | 0 |
Deferred Foreign Income Tax Expense (Benefit) | -379 | -51 | 233 |
Deferred Income Tax Expense (Benefit) | -379 | -453 | 233 |
Total income tax provision | $2,159 | $1,771 | $3,813 |
Income_Taxes_Reconciliation_of
Income Taxes (Reconciliation of statutory federal tax rate) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | |||
Taxes at the statutory federal tax rate of 35% | ($23,330) | ($36,585) | ($11,711) |
State tax, net of federal benefit | -1,610 | -4,059 | 4,913 |
Change in valuation allowance | 20,966 | 42,771 | 5,123 |
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | 1,731 | 0 | 0 |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Amount | 2,820 | 0 | 0 |
Foreign tax rate differential | -148 | 10 | -618 |
Unrealized (gain) loss on warrants | -600 | 1,299 | 4,809 |
Effective Income Tax Rate Reconciliation, deferred tax adjustments, amount | 670 | 0 | 0 |
Other | 1,660 | -1,665 | 1,297 |
Total income tax provision | $2,159 | $1,771 | $3,813 |
Income_Taxes_Deferred_Tax_Asse
Income Taxes (Deferred Tax Assets and Liabilities) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ||
Net operating loss carryforwards | $76,582 | $62,052 |
Accrued liabilities | 18,997 | 16,134 |
Federal and California tax credits | 12,067 | 12,067 |
Foreign tax credits | 11,034 | 9,296 |
Inventory reserves | 7,583 | 6,877 |
Fixed assets | 8,713 | 5,723 |
Deferred rent | 5,536 | 7,295 |
Deferred gift card income | 2,784 | 2,379 |
Other | 2,426 | 1,833 |
Allowance for doubtful accounts | 158 | 831 |
Total gross deferred tax assets | 145,880 | 124,487 |
Less valuation allowance | -143,062 | -120,694 |
Deferred tax assets, net of valuation allowance | 2,818 | 3,793 |
Prepaid expenses | -1,188 | -1,432 |
Other | 0 | -1,113 |
Total gross deferred tax liabilities | 1,188 | 2,545 |
Net deferred tax assets | $1,630 | $1,248 |
Income_Taxes_Reconcilation_of_
Income Taxes (Reconcilation of statutory federal tax rate parentheticals) (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Rate | |
Income Tax Disclosure [Abstract] | |
Statutory federal tax rate | 35.00% |
Income_Taxes_Unrecognized_tax_
Income Taxes (Unrecognized tax benefit) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Income Tax Disclosure [Abstract] | ||
Gross unrecognized tax benefits at January 1 | $0 | $0 |
Increases for tax positions in prior periods | 477 | 0 |
Gross unrecognized tax benefits at December 31 | $477 | $0 |
Related_Party_Transaction_Pers
Related Party Transaction (Personal Guarantees by the Company's CEO) (Details) (Beneficial Owner [Member], USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | number_of_property_leases |
Beneficial Owner [Member] | |
Related Party Transaction [Line Items] | |
Property Subject to or Available for Operating Lease, Number of Units | 2 |
Guarantor Obligations, Current Carrying Value | $9,210 |
Related_Party_Transaction_Leas
Related Party Transaction (Lease Agreements) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Dov Charney [Member] | |||
Related Party Transaction [Line Items] | |||
Investment Owned, Percent of Net Assets | 18.75% | ||
Chief Operating Officer [Member] | |||
Related Party Transaction [Line Items] | |||
Investment Owned, Percent of Net Assets | 6.25% | ||
Lease Agreements [Member] | |||
Related Party Transaction [Line Items] | |||
Related Party Transaction, Expenses from Transactions with Related Party | $717 | $778 | $830 |
Related_Party_Transaction_M_Ch
Related Party Transaction (M. Charney) (Details) (USD $) | 12 Months Ended | ||||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Dec. 31, 2011 |
Rate | |||||
Related Party Transaction [Line Items] | |||||
Related Party Transaction, Rate | 10.00% | ||||
Payments of Debt Extinguishment Costs | $0 | ||||
Class of Warrant or Right, Outstanding | 32,072 | 21,606 | 22,606 | 22,606 | |
Share Price | $0.90 | ||||
Beneficial Owner [Member] | |||||
Related Party Transaction [Line Items] | |||||
Property Subject to or Available for Operating Lease, Number of Units | 2 | ||||
Investment Owned, Percent of Net Assets | 42.30% | ||||
Investment Owned, Balance, Shares | 47,209 | ||||
Dov Charney [Member] | |||||
Related Party Transaction [Line Items] | |||||
Investment Owned, Percent of Net Assets | 18.75% | ||||
Immediate Family Member of Management or Principal Owner [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party | $70,000 | $238,000 | $260,000 |
Related_Party_Transaction_Comp
Related Party Transaction (Company CEO) (Details) (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Jun. 30, 2014 |
Rate | ||
Related Party Transaction [Line Items] | ||
Related Party Transaction, Rate | 10.00% | |
Share Price | $0.90 | |
Beneficial Owner [Member] | ||
Related Party Transaction [Line Items] | ||
Investment Owned, Balance, Shares | 47,209 | |
Investment Owned, Percent of Net Assets | 42.30% | |
Standard General [Member] | ||
Related Party Transaction [Line Items] | ||
Investment Owned, Balance, Shares | 27,351 | |
Standard General Charney Loan [Member] | ||
Related Party Transaction [Line Items] | ||
Related Party Transaction, Rate | 10.00% | |
Share Price | 0.715 |
Stockholders_Equity_Details
Stockholders' Equity (Details) (USD $) | 12 Months Ended | 3 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2014 | Oct. 16, 2012 | Mar. 31, 2012 |
Rate | |||||||
Class of Warrant or Right [Line Items] | |||||||
Stock Issued During Period, Net Proceeds, New Issue | $28,435 | ||||||
Common Stock, Shares Authorized | 230,000 | 230,000 | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 38,225 | 46,684 | 53,478 | ||||
Public offering, number of shares | 61,645 | ||||||
Share Price | $0.90 | ||||||
Warrants and Rights Outstanding | 19,239 | 20,954 | |||||
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income | 1,715 | -3,713 | -4,126 | ||||
Class of Warrant or Right, Expired | 0 | 1,000 | 0 | ||||
Treasury Stock, Shares | 304 | 304 | |||||
Net proceeds from issuance of common stock | $28,435 | $0 | $0 | ||||
CEO AntiDilution Rights [Member] | |||||||
Class of Warrant or Right [Line Items] | |||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 20,416 | ||||||
Fair Value Assumptions, Expected Term | 3 years 6 months | ||||||
Share Price | $1.30 | ||||||
Fair Value Assumptions, Risk Free Interest Rate | 0.45% | ||||||
Fair Value Assumptions, Expected Volatility Rate | 90.46% | ||||||
Fair Value Assumptions, Exercise Price | $0 | ||||||
Stock Compensation Plan [Member] | |||||||
Class of Warrant or Right [Line Items] | |||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,550 | 3,344 | |||||
Lion Warrants [Member] | |||||||
Class of Warrant or Right [Line Items] | |||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 24,511 | ||||||
Class of warrant or right, exercise price of warrant or right | $0.66 | ||||||
Fair Value Assumptions, Expected Term | 7 years 2 months 27 days | ||||||
Share Price | $1.03 | ||||||
Fair Value Assumptions, Risk Free Interest Rate | 1.99% | ||||||
Fair Value Assumptions, Weighted Average Volatility Rate | 73.85% | ||||||
Fair Value Assumptions, Expected Dividend Rate | 0.00% | ||||||
Employment Agreement 2012 [Member] | |||||||
Class of Warrant or Right [Line Items] | |||||||
Vested, in shares | 2,500 |
Stockholders_Equity_Common_Sto
Stockholders' Equity (Common Stock Warrants issued, forfeited, expired and outstanding) (Details) (USD $) | 12 Months Ended | 3 Months Ended | ||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2014 | Mar. 31, 2012 |
Class of Warrant or Right [Line Items] | ||||||
Stock Issued During Period, Shares, New Issues | 61,645 | |||||
Class of warrant, exercise price of warrant | $0.66 | $0.75 | $0.81 | $1.05 | ||
Class of Warrant, Outstanding, Weighted Average Remaining Contractual Term | 7 years 2 months 12 days | 8 years 2 months | 8 years 9 months 10 days | 6 years | ||
Class of Warrant or Right, Issued | 24,511 | 0 | 44,212 | |||
Class of Warrant, Weighted Average Exercise Price, Issued | $0.66 | $0 | $0.90 | |||
Class of warrants, weighted average contractual life, issued | 8 years 0 months | 0 years | 0 years | |||
Class of Warrant or Right, Number of Shares [Roll Forward] | ||||||
Outstanding - January 1 (in shares) | 21,606 | 22,606 | 22,606 | 21,606 | ||
Outstanding - December 31 (in shares) | 32,072 | 21,606 | 22,606 | 22,606 | ||
Warrants and Rights Outstanding | $19,239 | $20,954 | ||||
Class of Warrant or Right, Weighted Average Exercise Price [Roll Forward] | ||||||
Class of Warrant, Forfeitures | -21,606 | 0 | -44,212 | |||
Class of Warrant, Weighted Average Exercise Price, Forfeitures | $0.75 | $0 | $1.03 | |||
Class of warrants, weighted average contractual life, forfeited | 0 years | 0 years | 0 years | |||
Class of Warrant or Right, Expired | 0 | -1,000 | 0 | |||
Class of Warrant, Weighted Average Exercise Price, Expirations | $0 | $2.15 | $0 | |||
Class of warrants, weighted average contractual life, expired | 0 years | 0 years | 0 years | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 38,225 | 46,684 | 53,478 | |||
Lion Warrants [Member] | ||||||
Class of Warrant or Right, Weighted Average Exercise Price [Roll Forward] | ||||||
Outstanding - January 1 | $0.66 | |||||
Outstanding - December 31 | $0.66 | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 24,511 | |||||
Warrant [Member] | ||||||
Class of Warrant or Right [Line Items] | ||||||
Stock Issued During Period, Shares, New Issues | 2,905 | |||||
Class of warrant, exercise price of warrant | $0.75 | |||||
Class of Warrant or Right, Weighted Average Exercise Price [Roll Forward] | ||||||
Fair Value Assumptions, Exercise Price | $0.66 |
Stockholders_Equity_Summary_of
Stockholders' Equity (Summary of Purchase Rights) (Details) (USD $) | 12 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2012 |
Class of Warrant or Right [Line Items] | ||||
Outstanding - January 1 (in shares) | 21,606 | 22,606 | 22,606 | |
Outstanding - December 31 (in shares) | 32,072 | 21,606 | 22,606 | |
Expired | 0 | 1,000 | 0 | |
Lion Warrants [Member] | ||||
Class of Warrant or Right [Line Items] | ||||
Outstanding - January 1 | $0.66 | |||
Outstanding - December 31 | $0.66 |
Stockholders_Equity_Summary_of1
Stockholders' Equity (Summary of the potential stock issuances under various assumptions) (Details) | 12 Months Ended | 3 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2010 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 38,225 | 46,684 | 53,478 | |||
Dov Charney [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | 6,805 | 6,805 | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 20,416 | |||||
Charney Rights [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | 5,000 | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 13,611 | 20,416 | 20,416 | |||
SOF Warrants [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | 1,000 | |||
Lion Warrants [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 21,606 | 21,606 | ||||
Contingently Issuable Shares [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,550 | 3,344 | ||||
Debt to Equity Conversion [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 2,112 | 2,112 | |||
Employment Agreement 2012 [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | 5,000 | |||
Lion Warrants [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 24,511 | |||||
Restricted Stock [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 1,850 | 2,644 | 1,850 | 3,186 | ||
Restricted Stock [Member] | Contingently Issuable Shares [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 103 |
Stockholders_Equity_Public_Off
Stockholders' Equity Public Offering (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Equity [Abstract] | |
Stock Issued During Period, Net Proceeds, New Issue | $28,435 |
Stockholders_Equity_Rights_Pla
Stockholders' Equity Rights Plan (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Class of Stock [Line Items] | ||
Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 |
Series B Junior Participating Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Preferred Stock, Par or Stated Value Per Share | $0.00 | |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 0 | |
Preferred Stock Dividends, Shares | 1 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $3.25 |
SharedBased_Compensation_Detai
Shared-Based Compensation (Details) (USD $) | 12 Months Ended | 3 Months Ended | ||||||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 15, 2014 |
non-employee | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 38,225 | 46,684 | 53,478 | |||||
Share-Based Compensation Expense | $4,317,000 | $8,451,000 | $10,580,000 | |||||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | 0 | |||||||
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | 101,000 | 101,000 | ||||||
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition | 469,000 | |||||||
Share Price | $0.90 | |||||||
Number of Non-Employee Directors Resigned | 4 | 4 | ||||||
Total Number of Newly Appointed Directors | 7 | 7 | ||||||
CEO AntiDilution Rights [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-Based Compensation Expense | 1,985,000 | 5,440,000 | 6,459,000 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | 233,000 | 233,000 | ||||||
Employment Agreement 2012 [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-Based Compensation Expense | $703,000 | |||||||
Share-based compensation, net, number of shares | 7,500 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value | $0.75 | |||||||
Vested, in shares | 2,500 | |||||||
Director [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 0 | 8 | 11 | 11 | 20 | |||
Share Price | $1.05 | $1.21 | $1.05 | $0.50 | 0.87 | $0.88 | ||
Director Current [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share Price | 0.81 | |||||||
2011 Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 12,664 | 12,664 | ||||||
Stock Compensation Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 17,500 | 17,500 | ||||||
Share-based compensation arrangement by share-based payment award, number of shares authorized per participant, annually | 3,000 | 3,000 | ||||||
Dov Charney [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 20,416 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | 6,805 | 6,805 | ||||||
Minimum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||||||
Minimum [Member] | Director Current [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 0 | 0 | ||||||
Maximum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | |||||||
Maximum [Member] | Director Current [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 0 |
SharedBased_Compensation_Resti
Shared-Based Compensation (Resticted Shares) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2010 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Restricted Stock [Member] | ||||
Non-vested - January 1 | 1,850 | 2,644 | ||
Granted, in shares | 1,055 | 963 | 1,418 | |
Vested, in shares | -2,519 | -1,650 | -1,783 | |
Forfeited, in shares | -283 | -107 | -177 | |
Non-vested - December 31 | 3,186 | 1,850 | 2,644 | |
Weighted Average Grant Date Fair Value, Non-vested - January 1 | $1.46 | $1.33 | ||
Weighted Average Grant Date Fair Value, Granted | $0.74 | $1.75 | $0.93 | |
Weighted Average Grant Date Fair Value, Vested | $1.14 | $1.42 | $1.23 | |
Weighted Average Grant Date Fair Value, Forfeited | $1.65 | $1.60 | $1.13 | |
Weighted Average Grant Date Fair Value, Non-vested - December 31 | $1.45 | $1.17 | $1.46 | $1.33 |
Weighted Average Remaining Contractual Terms, in years | 2 years 8 months 15 days | 0 years 4 months 1 day | 0 years 10 months 31 days | 1 year 3 months 3 days |
Minimum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||
Maximum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | |||
Stock Compensation Plan [Member] | Restricted Stock [Member] | ||||
Non-vested - December 31 | 103 |
SharedBased_Compensation_Stock
Shared-Based Compensation (Stock Options) (Details) (Stock Options [Member], USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Stock Options [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Outstanding - January 1 | 700 | 700 | 950 | |
Share-based compensation, net, number of shares | 0 | 0 | 0 | |
Forfeited, in shares | -700 | 0 | 0 | |
Expired, in shares | 0 | 0 | -250 | |
Outstanding - December 31 | 950 | 0 | 700 | 700 |
Vested and Expected to Vest, Outstanding, in shares | 0 | |||
Weighted Average Exercise Price, Outstanding - January 1 | $0.82 | $0.82 | $1.06 | |
Weighted Average Exercise Price, Forfeited | $0.82 | |||
Weighted Average Exercise Price, Expired | $1.75 | |||
Weighted Average Exercise Price, Outstanding - December 31 | $1.06 | $0.82 | $0.82 | |
Weighted Average Remaining Contractual Term, Exercisable in years | 9 years 6 months | 7 years 9 months 18 days | 8 years 9 months 18 days | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares | 0 |
Workers_Compensation_and_Other1
Workers' Compensation and Other Self-Insurance Reserve (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2015 |
Rate | |||
Loss Contingencies [Line Items] | |||
Workers compensation deposit | $16,124 | $16,124 | |
Workers' Compensation [Member] | |||
Loss Contingencies [Line Items] | |||
Loss Contingency Accrual, Insurance-related Assessment, Discount Rate | 1.54% | ||
Loss Contingency, Undiscounted Amount of Insurance-related Assessment Liability | 20,409 | 16 | |
Letters of Credit Outstanding, Amount | 300 | 450 | |
Customer Advances and Deposits | 16,124 | ||
Accrued Liabilities | 5,321 | 3,871 | |
Other Accrued Liabilities, Noncurrent | 14,239 | 11,485 | |
Workers compensation deposit | 19,560 | 15,356 | |
self insurance reserves [Member] | |||
Loss Contingencies [Line Items] | |||
Self Insurance Reserve | 1,439 | 2,512 | |
Subsequent Event [Member] | |||
Loss Contingencies [Line Items] | |||
Workers compensation deposit | $18,000 |
Business_Segment_and_Geographi2
Business Segment and Geographic Area Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
number_of_operating_segments | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | $153,529 | $155,869 | $162,397 | $137,096 | $169,102 | $164,543 | $162,236 | $138,060 | $608,891 | $633,941 | $617,310 |
Number of Operating Segments | 4 | ||||||||||
Other Foreign Countries [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 7,137 | 7,434 | 7,002 | ||||||||
Number of Countries in which Entity Operates | 18 | 18 | |||||||||
U.S. Wholesale [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 208,969 | 201,251 | 185,355 | ||||||||
U.S Retail [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 191,442 | 205,011 | 198,886 | ||||||||
Number of Stores | 136 | 136 | |||||||||
CANADA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 51,544 | 60,134 | 63,669 | ||||||||
Number of Stores | 31 | 31 | |||||||||
International [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 156,936 | 167,545 | 169,400 | ||||||||
Number of Stores | 75 | 75 | |||||||||
Consolidated Entities [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 608,891 | 633,941 | 617,310 | ||||||||
Wholesale Sales Channel [Member] | U.S. Wholesale [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 167,795 | 159,682 | 149,611 | ||||||||
Wholesale Sales Channel [Member] | U.S Retail [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 0 | 0 | 0 | ||||||||
Wholesale Sales Channel [Member] | CANADA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 10,224 | 12,092 | 13,006 | ||||||||
Wholesale Sales Channel [Member] | International [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 8,842 | 8,893 | 10,278 | ||||||||
Wholesale Sales Channel [Member] | Consolidated Entities [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | $186,861 | $180,667 | $172,895 |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Commitments and contingencies [Line Items] | |||||
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $63,007,000 | $63,007,000 | |||
Deferred Rent Credit | 16,768 | 16,768 | 21,587 | ||
Loss Contingency Accrual, Payments | 85,000 | 4,390,000 | 4,390,000 | ||
Receivable for Recovery of Import Duties, Net | 3,300,000 | 3,300,000 | |||
Loss Contingency Accrual | 1,000,000 | 1,000,000 | |||
Operating Leases, Future Minimum Payments, Due in Two Years | 50,121,000 | 50,121,000 | |||
Operating Leases, Future Minimum Payments, Due in Three Years | 43,555,000 | 43,555,000 | |||
Operating Leases, Future Minimum Payments, Due in Four Years | 25,624,000 | 25,624,000 | |||
Operating Leases, Future Minimum Payments, Due in Five Years | 18,321,000 | 18,321,000 | |||
Operating Leases, Rent Expense, Net | 70,018,000 | 79,794,000 | 77,390,000 | ||
Advertising commitments | 1,300,000 | 1,300,000 | |||
Operating Leases, Future Minimum Payments Receivable, Thereafter | 46,689,000 | 46,689,000 | |||
Cost of Sales [Member] | |||||
Commitments and contingencies [Line Items] | |||||
Loss Contingency, Loss in Period | 79,000 | ||||
General and Administrative Expense [Member] | |||||
Commitments and contingencies [Line Items] | |||||
Loss Contingency, Loss in Period | $5,104,000 |
Business_Segment_and_Geographi3
Business Segment and Geographic Area Information (Key financial information of the Companys reportable segments) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | |||||||||||
Net sales | $153,529 | $155,869 | $162,397 | $137,096 | $169,102 | $164,543 | $162,236 | $138,060 | $608,891 | $633,941 | $617,310 |
Gross Profit | 72,235 | 82,539 | 82,387 | 71,974 | 79,507 | 84,640 | 83,870 | 72,868 | 309,135 | 320,885 | 327,383 |
Income (loss) from segment operations | -27,583 | -29,295 | 962 | ||||||||
Depreciation and amortization | 25,897 | 26,076 | 22,989 | ||||||||
Capital expenditures | 9,818 | 27,054 | 21,607 | ||||||||
Retail store impairment | 2,738 | 1,540 | 1,647 | ||||||||
Deferred rent expense (benefit) | -4,316 | -2,093 | -895 | ||||||||
U.S. Wholesale [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 208,969 | 201,251 | 185,355 | ||||||||
Gross Profit | 60,182 | 49,877 | 53,195 | ||||||||
Income (loss) from segment operations | 31,068 | 11,981 | 27,893 | ||||||||
Depreciation and amortization | 8,645 | 7,418 | 6,322 | ||||||||
Capital expenditures | 2,424 | 10,115 | 9,791 | ||||||||
Retail store impairment | 0 | 0 | 0 | ||||||||
Deferred rent expense (benefit) | -443 | 81 | 523 | ||||||||
U.S Retail [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 191,442 | 205,011 | 198,886 | ||||||||
Gross Profit | 123,738 | 131,912 | 130,498 | ||||||||
Income (loss) from segment operations | -794 | -2,731 | 4,197 | ||||||||
Depreciation and amortization | 11,614 | 12,420 | 10,909 | ||||||||
Capital expenditures | 4,018 | 11,204 | 6,626 | ||||||||
Retail store impairment | 696 | 642 | 243 | ||||||||
Deferred rent expense (benefit) | -3,025 | -1,678 | -706 | ||||||||
CANADA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 51,544 | 60,134 | 63,669 | ||||||||
Gross Profit | 28,023 | 34,720 | 37,500 | ||||||||
Income (loss) from segment operations | 3,838 | 3,684 | -57 | ||||||||
Depreciation and amortization | 1,672 | 1,853 | 1,543 | ||||||||
Capital expenditures | 415 | 1,167 | 1,607 | ||||||||
Retail store impairment | 178 | 144 | 130 | ||||||||
Deferred rent expense (benefit) | -202 | -375 | -197 | ||||||||
International [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 156,936 | 167,545 | 169,400 | ||||||||
Gross Profit | 97,192 | 104,376 | 106,190 | ||||||||
Income (loss) from segment operations | -1,380 | 3,916 | 10,670 | ||||||||
Depreciation and amortization | 3,966 | 4,385 | 4,215 | ||||||||
Capital expenditures | 2,961 | 4,568 | 3,583 | ||||||||
Retail store impairment | 1,864 | 754 | 1,274 | ||||||||
Deferred rent expense (benefit) | -646 | -121 | -515 | ||||||||
Consolidated Entities [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 608,891 | 633,941 | 617,310 | ||||||||
Gross Profit | 309,135 | 320,885 | 327,383 | ||||||||
Income (loss) from segment operations | 32,732 | 16,850 | 42,703 | ||||||||
Depreciation and amortization | 25,897 | 26,076 | 22,989 | ||||||||
Capital expenditures | 9,818 | 27,054 | 21,607 | ||||||||
Retail store impairment | 2,738 | 1,540 | 1,647 | ||||||||
Deferred rent expense (benefit) | -4,316 | -2,093 | -895 | ||||||||
Wholesale Sales Channel [Member] | U.S. Wholesale [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 167,795 | 159,682 | 149,611 | ||||||||
Wholesale Sales Channel [Member] | U.S Retail [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 0 | 0 | 0 | ||||||||
Wholesale Sales Channel [Member] | CANADA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 10,224 | 12,092 | 13,006 | ||||||||
Wholesale Sales Channel [Member] | International [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 8,842 | 8,893 | 10,278 | ||||||||
Wholesale Sales Channel [Member] | Consolidated Entities [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 186,861 | 180,667 | 172,895 | ||||||||
Retail Sales Channel [Member] | U.S. Wholesale [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 0 | 0 | 0 | ||||||||
Retail Sales Channel [Member] | U.S Retail [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 191,442 | 205,011 | 198,886 | ||||||||
Retail Sales Channel [Member] | CANADA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 38,087 | 45,163 | 48,499 | ||||||||
Retail Sales Channel [Member] | International [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 131,113 | 141,517 | 141,738 | ||||||||
Retail Sales Channel [Member] | Consolidated Entities [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 360,642 | 391,691 | 389,123 | ||||||||
Online Sales Channel [Member] | U.S. Wholesale [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 41,174 | 41,569 | 35,744 | ||||||||
Online Sales Channel [Member] | U.S Retail [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 0 | 0 | 0 | ||||||||
Online Sales Channel [Member] | CANADA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 3,233 | 2,879 | 2,164 | ||||||||
Online Sales Channel [Member] | International [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 16,981 | 17,135 | 17,384 | ||||||||
Online Sales Channel [Member] | Consolidated Entities [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | $61,388 | $61,583 | $55,292 |
Business_Segment_and_Geographi4
Business Segment and Geographic Area Information (Reconciliation of reportable segments combined loss from operations to the consolidated loss before income taxes) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | |||
Income (loss) from segment operations | ($27,583) | ($29,295) | $962 |
Foreign currency transaction gain (loss), before Tax | -1,479 | -1 | -120 |
Unrealized gain (loss) on change in fair value of warrants and purchase rights | 1,715 | -3,713 | -4,126 |
Gains (Losses) on Extinguishment of Debt | 171 | -32,101 | 11,588 |
Other expense (income) | 371 | -131 | -204 |
Consolidated income (loss) before income taxes | -66,658 | -104,527 | -33,459 |
Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Income (loss) from segment operations | 32,732 | 16,850 | 42,703 |
Unallocated Amount to Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Unallocated corporate expenses | 60,315 | 46,145 | 41,741 |
Consolidated Entities [Member] | |||
Segment Reporting Information [Line Items] | |||
Income (loss) from segment operations | 32,732 | 16,850 | 42,703 |
Interest expense | 39,853 | 39,286 | 41,559 |
Foreign currency transaction gain (loss), before Tax | 1,479 | 1 | 120 |
Unrealized gain (loss) on change in fair value of warrants and purchase rights | -1,715 | 3,713 | 4,126 |
Gains (Losses) on Extinguishment of Debt | -171 | 32,101 | -11,588 |
Other expense (income) | -371 | 131 | 204 |
Consolidated income (loss) before income taxes | ($66,658) | ($104,527) | ($33,459) |
Net_sales_by_geographic_locati
(Net sales by geographic location of customer) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Entity Location [Line Items] | |||||||||||
Net sales | $153,529 | $155,869 | $162,397 | $137,096 | $169,102 | $164,543 | $162,236 | $138,060 | $608,891 | $633,941 | $617,310 |
UNITED STATES | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 400,411 | 406,262 | 384,241 | ||||||||
Europe [Member] | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 64,760 | 70,347 | 66,861 | ||||||||
CANADA [Member] | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 51,544 | 60,134 | 63,669 | ||||||||
UNITED KINGDOM | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 42,601 | 44,153 | 47,694 | ||||||||
KOREA, REPUBLIC OF | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 12,696 | 10,380 | 10,732 | ||||||||
JAPAN | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 12,836 | 18,119 | 20,336 | ||||||||
AUSTRALIA | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 9,293 | 10,218 | 11,458 | ||||||||
CHINA | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 7,613 | 6,894 | 5,317 | ||||||||
Other Foreign Countries [Member] | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | 7,137 | 7,434 | 7,002 | ||||||||
Consolidated Entities [Member] | |||||||||||
Entity Location [Line Items] | |||||||||||
Net sales | $608,891 | $633,941 | $617,310 |
Business_Segment_and_Geographi5
Business Segment and Geographic Area Information (Long-lived assets-property and equipment, net) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | $49,317 | $69,303 |
U.S. Wholesale [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 165,936 | 169,474 |
U.S Retail [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 57,933 | 77,150 |
CANADA [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 15,271 | 17,761 |
International [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 55,249 | 69,367 |
Consolidated Entities [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 294,389 | 333,752 |
Consolidated Entities [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 49,317 | 69,303 |
AUSTRALIA | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 566 | 846 |
CANADA [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 2,301 | 3,913 |
UNITED STATES | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 38,932 | 53,424 |
Europe [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 3,818 | 4,741 |
JAPAN | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 506 | 750 |
KOREA, REPUBLIC OF | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 189 | 344 |
CHINA | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 80 | 291 |
UNITED KINGDOM | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | 2,482 | 4,434 |
Other Foreign Countries [Member] | ||
Segment Reporting Information [Line Items] | ||
Property, Plant and Equipment, Net | $443 | $560 |
Business_Segment_and_Geographi6
Business Segment and Geographic Area Information (Percentage of total assets and total liabilities - foreign subsidiaries) (Details) (Foreign Subsidiaries [Member]) | Dec. 31, 2014 | Dec. 31, 2013 |
Rate | Rate | |
Foreign Subsidiaries [Member] | ||
Segment Reporting Information [Line Items] | ||
Total Assets | 24.00% | 26.10% |
Total Liabilities | 6.30% | 6.80% |
Litigation_Litigation_Details
Litigation Litigation (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Jun. 30, 2012 | Dec. 31, 2010 |
numberofclaims | numberofclaims | numberofclaims | |
employees | |||
Loss Contingencies [Line Items] | |||
Number of employees dismissed due to Imigration and Customs Enforcement | 1,500 | ||
Loss Contingency, Pending Claims, Number | 2 | 4 | 2 |
Loss Contingency, Claims Settled and Dismissed, Number | 4 | ||
Loss Contingency, Number of Plaintiffs | 5 | ||
Settlement Liabilities, Current | $850 |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Information (Details) | Dec. 31, 2014 |
Rate | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Percentage of ownership interest in entity | 100.00% |
Condensed_Consolidating_Financ3
Condensed Consolidating Financial Information Condensed Balance Sheet (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash | $8,343 | $8,676 | ||
Accounts Receivable, Net, Current | 25,298 | 20,701 | ||
Inventories, net | 147,578 | 169,378 | ||
Total current assets | 198,990 | 215,296 | ||
Property, Plant and Equipment, Net | 49,317 | 69,303 | ||
Other assets, net | 43,888 | 46,727 | ||
TOTAL ASSETS | 294,389 | 333,752 | ||
Revolving credit facilities and current portion of long-term debt | 34,312 | 44,042 | ||
Accounts payable | 35,554 | 38,290 | ||
Accrued expenses and other current liabilities | 61,369 | 50,018 | ||
Fair value of warrant liability | 19,239 | 20,954 | ||
Total current liabilities | 162,274 | 161,989 | ||
Long-term debt, net of current portion | 217,388 | 213,468 | ||
Other long-term liabilities | 14,715 | 11,485 | ||
Liabilities | 409,905 | 411,156 | ||
Common Stock, Value, Outstanding | 18 | 11 | ||
Additional paid-in capital | 218,779 | 185,472 | ||
Accumulated deficit | -325,241 | -256,424 | ||
Less: Treasury stock, 304 shares at cost | -2,157 | -2,157 | ||
TOTAL STOCKHOLDERS' DEFICIT | -115,516 | -77,404 | 22,084 | 48,130 |
Liabilities and Equity | 294,389 | 333,752 | ||
Parent Company [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash | 0 | 0 | 0 | 0 |
Accounts Receivable, Net, Current | 0 | 0 | ||
Due from Affiliate, Current | 240,989 | 247,414 | ||
Inventories, net | 0 | 0 | ||
Other Assets, Current | 90 | 97 | ||
Total current assets | 241,079 | 247,511 | ||
Property, Plant and Equipment, Net | 0 | 0 | ||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | -115,109 | -94,161 | ||
Other assets, net | 8,861 | 9,282 | ||
TOTAL ASSETS | 134,831 | 162,632 | ||
Revolving credit facilities and current portion of long-term debt | 0 | 0 | ||
Accounts payable | 0 | 0 | ||
Accrued expenses and other current liabilities | 13,498 | 5,952 | ||
Fair value of warrant liability | 19,239 | 20,954 | ||
Other Liabilities, Current | 0 | 0 | ||
Total current liabilities | 32,737 | 26,906 | ||
Long-term debt, net of current portion | 217,133 | 213,130 | ||
Other long-term liabilities | 477 | 0 | ||
Liabilities | 250,347 | 240,036 | ||
Common Stock, Value, Outstanding | 18 | 11 | ||
Additional paid-in capital | 218,779 | 185,472 | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -6,915 | -4,306 | ||
Accumulated deficit | -325,241 | -256,424 | ||
Less: Treasury stock, 304 shares at cost | -2,157 | -2,157 | ||
TOTAL STOCKHOLDERS' DEFICIT | -115,516 | -77,404 | ||
Liabilities and Equity | 134,831 | 162,632 | ||
Guarantor Subsidiaries [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash | 1,370 | 512 | 3,796 | 290 |
Accounts Receivable, Net, Current | 19,422 | 15,109 | ||
Due from Affiliate, Current | -229,956 | -224,181 | ||
Inventories, net | 116,335 | 129,716 | ||
Other Assets, Current | 11,290 | 10,442 | ||
Total current assets | -81,539 | -68,402 | ||
Property, Plant and Equipment, Net | 38,932 | 53,424 | ||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 15,874 | 18,158 | ||
Other assets, net | 27,463 | 27,934 | ||
TOTAL ASSETS | 730 | 31,114 | ||
Revolving credit facilities and current portion of long-term debt | 34,299 | 43,586 | ||
Accounts payable | 32,508 | 34,738 | ||
Accrued expenses and other current liabilities | 31,855 | 28,344 | ||
Fair value of warrant liability | 0 | 0 | ||
Other Liabilities, Current | 9,762 | 6,830 | ||
Total current liabilities | 108,424 | 113,498 | ||
Long-term debt, net of current portion | 0 | 47 | ||
Other long-term liabilities | 25,431 | 29,711 | ||
Liabilities | 133,855 | 143,256 | ||
Common Stock, Value, Outstanding | 100 | 100 | ||
Additional paid-in capital | 6,726 | 6,726 | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -2,493 | -543 | ||
Accumulated deficit | -137,458 | -118,425 | ||
Less: Treasury stock, 304 shares at cost | 0 | 0 | ||
TOTAL STOCKHOLDERS' DEFICIT | -133,125 | -112,142 | ||
Liabilities and Equity | 730 | 31,114 | ||
Non-Guarantor Subsidiaries [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash | 6,973 | 8,164 | 9,057 | 10,003 |
Accounts Receivable, Net, Current | 5,876 | 5,592 | ||
Due from Affiliate, Current | -11,033 | -23,233 | ||
Inventories, net | 31,137 | 39,736 | ||
Other Assets, Current | 6,391 | 6,002 | ||
Total current assets | 39,344 | 36,261 | ||
Property, Plant and Equipment, Net | 10,385 | 15,879 | ||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | 0 | ||
Other assets, net | 9,758 | 11,937 | ||
TOTAL ASSETS | 59,487 | 64,077 | ||
Revolving credit facilities and current portion of long-term debt | 13 | 456 | ||
Accounts payable | 3,046 | 3,552 | ||
Accrued expenses and other current liabilities | 16,016 | 15,722 | ||
Fair value of warrant liability | 0 | 0 | ||
Other Liabilities, Current | 2,038 | 1,855 | ||
Total current liabilities | 21,113 | 21,585 | ||
Long-term debt, net of current portion | 255 | 291 | ||
Other long-term liabilities | 4,335 | 5,988 | ||
Liabilities | 25,703 | 27,864 | ||
Common Stock, Value, Outstanding | 494 | 492 | ||
Additional paid-in capital | 7,967 | 7,685 | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -4,136 | -671 | ||
Accumulated deficit | 29,459 | 28,707 | ||
Less: Treasury stock, 304 shares at cost | 0 | 0 | ||
TOTAL STOCKHOLDERS' DEFICIT | 33,784 | 36,213 | ||
Liabilities and Equity | 59,487 | 64,077 | ||
Consolidation, Eliminations [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash | 0 | 0 | 0 | 0 |
Accounts Receivable, Net, Current | 0 | 0 | ||
Due from Affiliate, Current | 0 | 0 | ||
Inventories, net | 106 | -74 | ||
Other Assets, Current | 0 | 0 | ||
Total current assets | 106 | -74 | ||
Property, Plant and Equipment, Net | 0 | 0 | ||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 99,235 | 76,003 | ||
Other assets, net | 0 | 0 | ||
TOTAL ASSETS | 99,341 | 75,929 | ||
Revolving credit facilities and current portion of long-term debt | 0 | 0 | ||
Accounts payable | 0 | 0 | ||
Accrued expenses and other current liabilities | 0 | 0 | ||
Fair value of warrant liability | 0 | 0 | ||
Other Liabilities, Current | 0 | 0 | ||
Total current liabilities | 0 | 0 | ||
Long-term debt, net of current portion | 0 | 0 | ||
Other long-term liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
Common Stock, Value, Outstanding | -594 | -592 | ||
Additional paid-in capital | -14,693 | -14,411 | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 6,629 | 1,214 | ||
Accumulated deficit | 107,999 | 89,718 | ||
Less: Treasury stock, 304 shares at cost | 0 | 0 | ||
TOTAL STOCKHOLDERS' DEFICIT | 99,341 | 75,929 | ||
Liabilities and Equity | 99,341 | 75,929 | ||
Consolidated Entities [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash | 8,343 | 8,676 | 12,853 | 10,293 |
Accounts Receivable, Net, Current | 25,298 | 20,701 | ||
Due from Affiliate, Current | 0 | 0 | ||
Inventories, net | 147,578 | 169,378 | ||
Other Assets, Current | 17,771 | 16,541 | ||
Total current assets | 198,990 | 215,296 | ||
Property, Plant and Equipment, Net | 49,317 | 69,303 | ||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | 0 | ||
Other assets, net | 46,082 | 49,153 | ||
TOTAL ASSETS | 294,389 | 333,752 | ||
Revolving credit facilities and current portion of long-term debt | 34,312 | 44,042 | ||
Accounts payable | 35,554 | 38,290 | ||
Accrued expenses and other current liabilities | 61,369 | 50,018 | ||
Fair value of warrant liability | 19,239 | 20,954 | ||
Other Liabilities, Current | 11,800 | 8,685 | ||
Total current liabilities | 162,274 | 161,989 | ||
Long-term debt, net of current portion | 217,388 | 213,468 | ||
Other long-term liabilities | 30,243 | 35,699 | ||
Liabilities | 409,905 | 411,156 | ||
Common Stock, Value, Outstanding | 18 | 11 | ||
Additional paid-in capital | 218,779 | 185,472 | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -6,915 | -4,306 | ||
Accumulated deficit | -325,241 | -256,424 | ||
Less: Treasury stock, 304 shares at cost | -2,157 | -2,157 | ||
TOTAL STOCKHOLDERS' DEFICIT | -115,516 | -77,404 | ||
Liabilities and Equity | $294,389 | $333,752 |
Condensed_Consolidating_Financ4
Condensed Consolidating Financial Information Condensed Income Statement (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Condensed Income Statements, Captions [Line Items] | |||||||||||
Net sales | $153,529 | $155,869 | $162,397 | $137,096 | $169,102 | $164,543 | $162,236 | $138,060 | $608,891 | $633,941 | $617,310 |
Cost of sales | 299,756 | 313,056 | 289,927 | ||||||||
Gross Profit | 72,235 | 82,539 | 82,387 | 71,974 | 79,507 | 84,640 | 83,870 | 72,868 | 309,135 | 320,885 | 327,383 |
Selling and distribution expenses | 212,557 | 241,683 | 227,447 | ||||||||
General and Administrative Expense | 121,423 | 106,957 | 97,327 | ||||||||
Retail store impairment | 2,738 | 1,540 | 1,647 | ||||||||
Operating Income (Loss) | -27,583 | -29,295 | 962 | ||||||||
Income tax provision | 2,159 | 1,771 | 3,813 | ||||||||
Net loss | -68,817 | -106,298 | -37,272 | ||||||||
Other comprehensive (loss) income item: | -2,609 | -1,581 | 631 | ||||||||
Comprehensive loss | -71,426 | -107,879 | -36,641 | ||||||||
Parent Company [Member] | |||||||||||
Condensed Income Statements, Captions [Line Items] | |||||||||||
Net sales | 0 | 0 | 0 | ||||||||
Cost of sales | 0 | 0 | 0 | ||||||||
Gross Profit | 0 | 0 | 0 | ||||||||
Selling and distribution expenses | 0 | 0 | 0 | ||||||||
General and Administrative Expense | 16,130 | 502 | 1,276 | ||||||||
Retail store impairment | 0 | 0 | 0 | ||||||||
Operating Income (Loss) | -16,130 | -502 | -1,276 | ||||||||
Interest expense and other expenses | 33,874 | 63,992 | 23,975 | ||||||||
Income (Loss) from Equity Method Investments | 18,336 | 41,804 | 12,021 | ||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -68,340 | -106,298 | -37,272 | ||||||||
Income tax provision | 477 | 0 | 0 | ||||||||
Net loss | -68,817 | -106,298 | -37,272 | ||||||||
Other comprehensive (loss) income item: | -2,609 | -1,581 | 631 | ||||||||
Comprehensive loss | -71,426 | -107,879 | -36,641 | ||||||||
Guarantor Subsidiaries [Member] | |||||||||||
Condensed Income Statements, Captions [Line Items] | |||||||||||
Net sales | 447,968 | 462,732 | 452,234 | ||||||||
Cost of sales | 272,505 | 285,947 | 271,809 | ||||||||
Gross Profit | 175,463 | 176,785 | 180,425 | ||||||||
Selling and distribution expenses | 124,470 | 143,379 | 126,492 | ||||||||
General and Administrative Expense | 63,093 | 67,779 | 59,420 | ||||||||
Retail store impairment | 695 | 642 | 243 | ||||||||
Operating Income (Loss) | -12,795 | -35,015 | -5,730 | ||||||||
Interest expense and other expenses | 5,226 | 10,622 | 9,629 | ||||||||
Income (Loss) from Equity Method Investments | 611 | -95 | -1,057 | ||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -18,632 | -45,542 | -14,302 | ||||||||
Income tax provision | 401 | -202 | 133 | ||||||||
Net loss | -19,033 | -45,340 | -14,435 | ||||||||
Other comprehensive (loss) income item: | -1,950 | -162 | 164 | ||||||||
Comprehensive loss | -20,983 | -45,502 | -14,271 | ||||||||
Non-Guarantor Subsidiaries [Member] | |||||||||||
Condensed Income Statements, Captions [Line Items] | |||||||||||
Net sales | 208,480 | 227,680 | 233,069 | ||||||||
Cost of sales | 74,216 | 84,938 | 85,958 | ||||||||
Gross Profit | 134,264 | 142,742 | 147,111 | ||||||||
Selling and distribution expenses | 88,087 | 98,304 | 100,955 | ||||||||
General and Administrative Expense | 42,126 | 38,676 | 36,518 | ||||||||
Retail store impairment | 2,043 | 898 | 1,404 | ||||||||
Operating Income (Loss) | 2,008 | 4,864 | 8,234 | ||||||||
Interest expense and other expenses | -25 | 618 | 817 | ||||||||
Income (Loss) from Equity Method Investments | 0 | 0 | 0 | ||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | 2,033 | 4,246 | 7,417 | ||||||||
Income tax provision | 1,281 | 1,973 | 3,680 | ||||||||
Net loss | 752 | 2,273 | 3,737 | ||||||||
Other comprehensive (loss) income item: | -3,465 | -1,407 | 498 | ||||||||
Comprehensive loss | -2,713 | 866 | 4,235 | ||||||||
Consolidation, Eliminations [Member] | |||||||||||
Condensed Income Statements, Captions [Line Items] | |||||||||||
Net sales | -47,557 | -56,471 | -67,993 | ||||||||
Cost of sales | -46,965 | -57,829 | -67,840 | ||||||||
Gross Profit | -592 | 1,358 | -153 | ||||||||
Selling and distribution expenses | 0 | 0 | 0 | ||||||||
General and Administrative Expense | 74 | 0 | 113 | ||||||||
Retail store impairment | 0 | 0 | 0 | ||||||||
Operating Income (Loss) | -666 | 1,358 | -266 | ||||||||
Interest expense and other expenses | 0 | 0 | 0 | ||||||||
Income (Loss) from Equity Method Investments | -18,947 | -41,709 | -10,964 | ||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | 18,281 | 43,067 | 10,698 | ||||||||
Income tax provision | 0 | 0 | 0 | ||||||||
Net loss | 18,281 | 43,067 | 10,698 | ||||||||
Other comprehensive (loss) income item: | 5,415 | 1,569 | -662 | ||||||||
Comprehensive loss | 23,696 | 44,636 | 10,036 | ||||||||
Consolidated Entities [Member] | |||||||||||
Condensed Income Statements, Captions [Line Items] | |||||||||||
Net sales | 608,891 | 633,941 | 617,310 | ||||||||
Cost of sales | 299,756 | 313,056 | 289,927 | ||||||||
Gross Profit | 309,135 | 320,885 | 327,383 | ||||||||
Selling and distribution expenses | 212,557 | 241,683 | 227,447 | ||||||||
General and Administrative Expense | 121,423 | 106,957 | 97,327 | ||||||||
Retail store impairment | 2,738 | 1,540 | 1,647 | ||||||||
Operating Income (Loss) | -27,583 | -29,295 | 962 | ||||||||
Interest expense and other expenses | 39,075 | 75,232 | 34,421 | ||||||||
Income (Loss) from Equity Method Investments | 0 | 0 | 0 | ||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -66,658 | -104,527 | -33,459 | ||||||||
Income tax provision | 2,159 | 1,771 | 3,813 | ||||||||
Net loss | -68,817 | -106,298 | -37,272 | ||||||||
Other comprehensive (loss) income item: | -2,609 | -1,581 | 631 | ||||||||
Comprehensive loss | ($71,426) | ($107,879) | ($36,641) |
Condensed_Consolidating_Financ5
Condensed Consolidating Financial Information Condensed Cash Flow Statement (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Condensed Cash Flow Statements, Captions [Line Items] | |||
Net Cash Provided by (Used in) Operating Activities | ($5,212) | ($12,723) | $23,589 |
Capital expenditures | -9,818 | -27,054 | -21,607 |
Restricted cash | 214 | 1,734 | -3,720 |
Net cash used in investing activities | -9,583 | -25,147 | -24,853 |
Cash overdraft | 1,720 | 3,993 | -1,921 |
(Repayments) borrowings under current revolving credit facilities, net | -9,709 | 39,794 | 28,451 |
Proceeds from (Repayments of) Short-term Debt | -60 | -20,466 | 29,987 |
Payments of debt issuance costs | -2,102 | -11,909 | -5,226 |
Net proceeds from issuance of common stock | 28,435 | 0 | 0 |
Proceeds from stock options exercised | 573 | 0 | 0 |
Payment of payroll statutory tax withholding on share-based compensation associated with issuance of common stock | -646 | -2,623 | -393 |
Proceeds from equipment lease financing | 0 | 0 | 4,533 |
Repayment of capital lease obligations | -2,659 | -1,719 | -2,893 |
Net cash provided by financing activities | 15,552 | 34,228 | 4,214 |
Cash and Cash Equivalents, Period Increase (Decrease) | -333 | -4,177 | 2,560 |
Cash | 8,343 | 8,676 | |
Property and equipment acquired, and included in accounts payable | 195 | 1,576 | 3,778 |
Standard General Loan Agreement assigned from Lion | 9,865 | 0 | 0 |
Capital Lease Obligations Incurred | -434 | -4,213 | 0 |
Repayments of Long-term Debt | 0 | 144,149 | 0 |
Issuance of Senior Secured Notes | 0 | 199,820 | 0 |
Lion Loan Agreement assigned to Standard General | -9,865 | 0 | 0 |
Parent Company [Member] | |||
Condensed Cash Flow Statements, Captions [Line Items] | |||
Net Cash Provided by (Used in) Operating Activities | 6,361 | -13,825 | -584 |
Capital expenditures | 0 | 0 | 0 |
Proceeds from Sale of Property, Plant, and Equipment | 0 | 0 | 0 |
Restricted cash | 0 | 0 | 0 |
Net cash used in investing activities | 0 | 0 | 0 |
Cash overdraft | 0 | 0 | 0 |
Repayments of Lines of Credit | 0 | 0 | 0 |
(Repayments) borrowings under current revolving credit facilities, net | 0 | 0 | |
Proceeds from (Repayments of) Short-term Debt | 0 | 9,500 | 0 |
Payments of debt issuance costs | -2,102 | -10,540 | -231 |
Net proceeds from issuance of common stock | 28,435 | ||
Proceeds from stock options exercised | 574 | ||
Payment of payroll statutory tax withholding on share-based compensation associated with issuance of common stock | -647 | -2,623 | -393 |
Proceeds from equipment lease financing | 0 | ||
Repayment of capital lease obligations | 0 | 0 | 0 |
Increase (Decrease) in Due to Affiliates | -32,621 | -38,183 | 1,208 |
Net cash provided by financing activities | -6,361 | 13,825 | 584 |
Effect of Exchange Rate on Cash and Cash Equivalents | 0 | 0 | 0 |
Cash and Cash Equivalents, Period Increase (Decrease) | 0 | 0 | 0 |
Cash | 0 | 0 | 0 |
Property and equipment acquired, and included in accounts payable | 0 | 0 | 0 |
Standard General Loan Agreement assigned from Lion | 9,865 | ||
Capital Lease Obligations Incurred | 0 | 0 | |
Repayments of Long-term Debt | 144,149 | ||
Issuance of Senior Secured Notes | 199,820 | ||
Lion Loan Agreement assigned to Standard General | -9,865 | ||
Guarantor Subsidiaries [Member] | |||
Condensed Cash Flow Statements, Captions [Line Items] | |||
Net Cash Provided by (Used in) Operating Activities | -26,715 | -16,811 | 15,181 |
Capital expenditures | -6,441 | -21,319 | -16,418 |
Proceeds from Sale of Property, Plant, and Equipment | -1 | 109 | 414 |
Restricted cash | 0 | 3,265 | -3,265 |
Net cash used in investing activities | -6,442 | -17,945 | -19,269 |
Cash overdraft | 1,720 | 3,993 | -1,921 |
Repayments of Lines of Credit | -9,280 | -28,513 | -48,324 |
(Repayments) borrowings under current revolving credit facilities, net | 43,579 | 26,113 | |
Proceeds from (Repayments of) Short-term Debt | -47 | -29,953 | 30,000 |
Payments of debt issuance costs | 0 | -1,369 | -4,995 |
Net proceeds from issuance of common stock | 0 | ||
Proceeds from stock options exercised | 0 | ||
Payment of payroll statutory tax withholding on share-based compensation associated with issuance of common stock | 0 | 0 | 0 |
Proceeds from equipment lease financing | 4,533 | ||
Repayment of capital lease obligations | -2,595 | -1,662 | -2,979 |
Increase (Decrease) in Due to Affiliates | 44,217 | 45,397 | 5,167 |
Net cash provided by financing activities | 34,015 | 31,472 | 7,594 |
Effect of Exchange Rate on Cash and Cash Equivalents | 0 | 0 | 0 |
Cash and Cash Equivalents, Period Increase (Decrease) | 858 | -3,284 | 3,506 |
Cash | 1,370 | 512 | 3,796 |
Property and equipment acquired, and included in accounts payable | 130 | 818 | 3,160 |
Standard General Loan Agreement assigned from Lion | 0 | ||
Capital Lease Obligations Incurred | -434 | -4,213 | |
Repayments of Long-term Debt | 0 | ||
Issuance of Senior Secured Notes | 0 | ||
Lion Loan Agreement assigned to Standard General | 0 | ||
Non-Guarantor Subsidiaries [Member] | |||
Condensed Cash Flow Statements, Captions [Line Items] | |||
Net Cash Provided by (Used in) Operating Activities | 15,142 | 17,913 | 8,992 |
Capital expenditures | -3,377 | -5,735 | -5,189 |
Proceeds from Sale of Property, Plant, and Equipment | 22 | 64 | 60 |
Restricted cash | 214 | -1,531 | -455 |
Net cash used in investing activities | -3,141 | -7,202 | -5,584 |
Cash overdraft | 0 | 0 | 0 |
Repayments of Lines of Credit | -429 | 0 | 0 |
(Repayments) borrowings under current revolving credit facilities, net | -3,785 | 2,338 | |
Proceeds from (Repayments of) Short-term Debt | -13 | -13 | -13 |
Payments of debt issuance costs | 0 | 0 | 0 |
Net proceeds from issuance of common stock | 0 | ||
Proceeds from stock options exercised | 0 | ||
Payment of payroll statutory tax withholding on share-based compensation associated with issuance of common stock | 0 | 0 | 0 |
Proceeds from equipment lease financing | 0 | ||
Repayment of capital lease obligations | -64 | -57 | 86 |
Increase (Decrease) in Due to Affiliates | -11,596 | -7,214 | -6,375 |
Net cash provided by financing activities | -12,102 | -11,069 | -3,964 |
Effect of Exchange Rate on Cash and Cash Equivalents | -1,090 | -535 | -390 |
Cash and Cash Equivalents, Period Increase (Decrease) | -1,191 | -893 | -946 |
Cash | 6,973 | 8,164 | 9,057 |
Property and equipment acquired, and included in accounts payable | 65 | 758 | 618 |
Standard General Loan Agreement assigned from Lion | 0 | ||
Capital Lease Obligations Incurred | 0 | 0 | |
Repayments of Long-term Debt | 0 | ||
Issuance of Senior Secured Notes | 0 | ||
Lion Loan Agreement assigned to Standard General | 0 | ||
Consolidation, Eliminations [Member] | |||
Condensed Cash Flow Statements, Captions [Line Items] | |||
Net Cash Provided by (Used in) Operating Activities | 0 | 0 | 0 |
Capital expenditures | 0 | 0 | 0 |
Proceeds from Sale of Property, Plant, and Equipment | 0 | 0 | 0 |
Restricted cash | 0 | 0 | 0 |
Net cash used in investing activities | 0 | 0 | 0 |
Cash overdraft | 0 | 0 | 0 |
Repayments of Lines of Credit | 0 | 0 | 0 |
(Repayments) borrowings under current revolving credit facilities, net | 0 | 0 | |
Proceeds from (Repayments of) Short-term Debt | 0 | 0 | 0 |
Payments of debt issuance costs | 0 | 0 | 0 |
Net proceeds from issuance of common stock | 0 | ||
Proceeds from stock options exercised | 0 | ||
Payment of payroll statutory tax withholding on share-based compensation associated with issuance of common stock | 0 | 0 | 0 |
Proceeds from equipment lease financing | 0 | ||
Repayment of capital lease obligations | 0 | 0 | 0 |
Increase (Decrease) in Due to Affiliates | 0 | 0 | 0 |
Net cash provided by financing activities | 0 | 0 | 0 |
Effect of Exchange Rate on Cash and Cash Equivalents | 0 | 0 | 0 |
Cash and Cash Equivalents, Period Increase (Decrease) | 0 | 0 | 0 |
Cash | 0 | 0 | 0 |
Property and equipment acquired, and included in accounts payable | 0 | 0 | 0 |
Standard General Loan Agreement assigned from Lion | 0 | ||
Capital Lease Obligations Incurred | 0 | 0 | |
Repayments of Long-term Debt | 0 | ||
Issuance of Senior Secured Notes | 0 | ||
Lion Loan Agreement assigned to Standard General | 0 | ||
Consolidated Entities [Member] | |||
Condensed Cash Flow Statements, Captions [Line Items] | |||
Net Cash Provided by (Used in) Operating Activities | -5,212 | -12,723 | 23,589 |
Capital expenditures | -9,818 | -27,054 | -21,607 |
Proceeds from Sale of Property, Plant, and Equipment | 21 | 173 | 474 |
Restricted cash | 214 | 1,734 | -3,720 |
Net cash used in investing activities | -9,583 | -25,147 | -24,853 |
Cash overdraft | 1,720 | 3,993 | -1,921 |
Repayments of Lines of Credit | -9,709 | -28,513 | -48,324 |
(Repayments) borrowings under current revolving credit facilities, net | 39,794 | 28,451 | |
Proceeds from (Repayments of) Short-term Debt | -60 | -20,466 | 29,987 |
Payments of debt issuance costs | -2,102 | -11,909 | -5,226 |
Net proceeds from issuance of common stock | 28,435 | ||
Proceeds from stock options exercised | 574 | ||
Payment of payroll statutory tax withholding on share-based compensation associated with issuance of common stock | -647 | -2,623 | -393 |
Proceeds from equipment lease financing | 4,533 | ||
Repayment of capital lease obligations | -2,659 | -1,719 | -2,893 |
Increase (Decrease) in Due to Affiliates | 0 | 0 | 0 |
Net cash provided by financing activities | 15,552 | 34,228 | 4,214 |
Effect of Exchange Rate on Cash and Cash Equivalents | -1,090 | -535 | -390 |
Cash and Cash Equivalents, Period Increase (Decrease) | -333 | -4,177 | 2,560 |
Cash | 8,343 | 8,676 | 12,853 |
Property and equipment acquired, and included in accounts payable | 195 | 1,576 | 3,778 |
Standard General Loan Agreement assigned from Lion | 9,865 | ||
Capital Lease Obligations Incurred | -434 | -4,213 | |
Repayments of Long-term Debt | 144,149 | ||
Issuance of Senior Secured Notes | 199,820 | ||
Lion Loan Agreement assigned to Standard General | ($9,865) |
Quarterly_Financial_Informatio2
Quarterly Financial Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Net sales | $153,529 | $155,869 | $162,397 | $137,096 | $169,102 | $164,543 | $162,236 | $138,060 | $608,891 | $633,941 | $617,310 |
Gross Profit | 72,235 | 82,539 | 82,387 | 71,974 | 79,507 | 84,640 | 83,870 | 72,868 | 309,135 | 320,885 | 327,383 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($27,962) | ($19,184) | ($16,205) | ($5,466) | ($20,770) | ($1,513) | ($37,504) | ($46,511) | ($68,817) | ($106,298) | ($37,272) |
Basic and diluted loss per-share (a) | ($0.16) | ($0.11) | ($0.09) | ($0.05) | ($0.19) | ($0.01) | ($0.34) | ($0.42) | ($0.43) | ($0.96) | ($0.35) |
Schedule_II_Allowance_for_trad
Schedule II (Allowance for trade accounts receivable) (Details) (Allowance for Trade Receivables [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Allowance for Trade Receivables [Member] | |||
Valuation and Qualifying Accounts Disclosure [Line Items] | |||
Valuation Allowances and Reserves, Balance | $2,229 | $2,085 | $2,195 |
Valuation Allowances and Reserves, Charged to Cost and Expense | 1,563 | 1,512 | 99 |
Valuation Allowances and Reserves, Deductions | 0 | 0 | 0 |
Valuation Allowances and Reserves, Charged to Other Accounts | -3,334 | -1,368 | -209 |
Valuation Allowances and Reserves, Balance | $458 | $2,229 | $2,085 |
Schedule_II_Reserve_for_invent
Schedule II (Reserve for inventory) (Details) (Inventory Valuation Reserve [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Inventory Valuation Reserve [Member] | |||
Valuation and Qualifying Accounts Disclosure [Line Items] | |||
Valuation Allowances and Reserves, Balance | $2,778 | $2,653 | $3,932 |
Valuation Allowances and Reserves, Charged to Cost and Expense | 6,948 | 912 | 690 |
Valuation Allowances and Reserves, Deductions | 0 | 0 | 0 |
Valuation Allowances and Reserves, Charged to Other Accounts | -948 | -787 | -1,969 |
Valuation Allowances and Reserves, Balance | $8,778 | $2,778 | $2,653 |
Schedule_II_Valuation_allowanc
Schedule II (Valuation allowance of deferred tax assets) (Details) (Valuation Allowance of Deferred Tax Assets [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Valuation Allowance of Deferred Tax Assets [Member] | |||
Valuation and Qualifying Accounts Disclosure [Line Items] | |||
Valuation Allowances and Reserves, Balance | $120,694 | $77,578 | $73,773 |
Valuation Allowances and Reserves, Adjustments | 22,368 | 43,116 | 4,720 |
Valuation Allowances and Reserves, Deductions | 0 | 0 | -915 |
Valuation Allowances and Reserves, Charged to Other Accounts | 0 | 0 | 0 |
Valuation Allowances and Reserves, Balance | $143,062 | $120,694 | $77,578 |