XML 28 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Exit Activities
3 Months Ended
Mar. 31, 2018
Exit Activities  
Exit Activities

11. Exit Activities

The Company closed certain retail locations in previous periods and, in March 2017, the Company subleased a portion of a  leased premises that is adjacent to an existing retail location. The Company remains obligated under the terms of these leases for rent and other costs associated with these leases, and has no plan to occupy them in the future. In accordance with ASC 420, Accounting for Costs Associated with Exit or Disposal Activities, the Company recorded a charge to rent expense to recognize the costs of exiting the space. The liability was equal to the fair value of rent less the fair value of the amount of rent received by the Company from the tenants under the subleases over the remainder of the lease terms, which expire on various dates through 2033. The change in the estimated fair value of these amounts was recognized in income as part of income from operations. The current portion of the liability was $0.3 million as of March 31, 2018 and December 31, 2017, and is included in other current liabilities. The liability outstanding was $2.4 million and $2.8 million as of March 31 ,2018 and December 31, 2017, respectively.