Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On July 31, 2014, the Company entered into an Asset Purchase Agreement with Treehouse Brand Stores, LLC (“Treehouse”) to purchase substantially all of the assets and liabilities of Treehouse.  The purchase was effective as of August 1, 2014.  Total initial consideration was $1.5 million in cash. Additional earn-out payments of up to $0.8 million and $1.3 million will be paid to the seller in 2014 and 2015, respectively, upon the achievement of certain specified performance metrics. In addition, $0.5 million of RSUs and stock options were issued that vest over three years.

The Company will include the results of Treehouse in its financial statements beginning August 1, 2014.  Acquisition-related costs were not material during the quarter ended June 30, 2014.  Based upon the timing of the acquisition subsequent to the end of the quarter ended June 30, 2014, the initial accounting for the business combination is incomplete at the time of the filing of this Form 10-Q.  As a result, the Company is unable to provide amounts recognized as of the acquisition date for assets and liabilities acquired.  These amounts will be provided in the quarterly report on Form 10-Q for the quarter ended September 30, 2014.