XML 25 R31.htm IDEA: XBRL DOCUMENT v3.2.0.727
Long-Term Debt (Details Textual)
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 03, 2015
Dec. 03, 2014
GBP (£)
Oct. 11, 2014
CNY (¥)
Jan. 31, 2015
USD ($)
Oct. 29, 2014
USD ($)
shares
Mar. 27, 2014
Jun. 28, 2013
USD ($)
shares
Jul. 31, 2015
USD ($)
Jul. 31, 2015
USD ($)
Jul. 31, 2015
CNY (¥)
Dec. 03, 2015
Jul. 31, 2015
GBP (£)
Jul. 31, 2015
CAD
Jul. 31, 2015
CNY (¥)
Mar. 31, 2015
Mar. 25, 2015
CNY (¥)
Apr. 30, 2014
USD ($)
Debt Instrument [Line Items]                                  
Description Of Senior Loan Agreement The primary purposes of the Second Amendment are to (i) modify the definition of Permitted Asset Disposition to provide the Company with the ability to transfer the stock of the Companys wholly-owned Brazilian subsidiary, Lake Brasil Indstria e Comrcio de Roupas e Equipamentos de Proteo Individual Ltda. (Lakeland Brazil), and (ii) allow the Borrowers to transfer funds to Lakeland Brazil for the specific purposes of settling arbitration claims, paying contractual expenses, and paying expenses incurred in connection with a transfer of the stock of Lakeland Brazil so long as, after giving effect to any such transfer, the amount Borrowers have as excess availability under the revolver loans, excluding the $15 million facility cap for this purpose only, calculated pursuant to and under the Senior Loan Agreement, is at least $3.0 million. Also, as part of the Second Amendment, Lender consented to the sale of the Companys corporate offices in Ronkonkoma, New York on the condition that the net cash proceeds from the sale in the amount of at least $450,000 are used by the Company to pay down the Borrowers obligations to Lender under the Senior Loan Agreement.                                
Weifang Lakeland Safety Products Co Ltd And Weifang Rural Credit Cooperative Bank [Member]                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage                               5.35%  
Line Of Credit Facility Bench mark Interest Rate At Period End           120.00%                      
Long-term Line of Credit | ¥                               ¥ 8,000,000  
Argentina Subsidiary [Member]                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Interest Rate, Stated Percentage               34.00% 34.00%     34.00% 34.00% 34.00%      
Long-term Line of Credit               $ 300,000 $ 300,000                
Borrowings In UK [Member]                                  
Debt Instrument [Line Items]                                  
Short-term Debt, Percentage Bearing Fixed Interest Rate                     3.44%            
Line of Credit Facility, Maximum Borrowing Capacity | £                       £ 1,250,000          
Line Of Credit Facility Advance Rate   3.46%                              
Long-term Line of Credit               $ 400,000 $ 400,000                
Notes Payable | £   £ 400,000                              
Borrowings In UK [Member] | Amendment [Member]                                  
Debt Instrument [Line Items]                                  
Line of Credit Facility, Maximum Borrowing Capacity | £   £ 1,500,000                              
Line Of Credit Facility Advance Rate   3.00%                              
Subordinated Debt [Member] | Private Placement [Member]                                  
Debt Instrument [Line Items]                                  
Stock Issued During Period, Shares, Other | shares         1,110,000                        
Debt Related Commitment Fees and Debt Issuance Costs       $ 600,000 $ 1,600,000   $ 600,000                    
Bank of China Anqiu Branch [Member]                                  
Debt Instrument [Line Items]                                  
Line of Credit Facility, Interest Rate at Period End               6.00% 6.00%     6.00% 6.00% 6.00%      
Line Of Credit Facility Bench mark Interest Rate At Period End     123.00%                            
Long-term Line of Credit | ¥                           ¥ 5,000,000      
Bank of China Anqiu Branch [Member] | China Subsidiary [Member]                                  
Debt Instrument [Line Items]                                  
Line of Credit Facility, Interest Rate at Period End     7.38%                            
Long-term Line of Credit | ¥     ¥ 5,000,000                            
Senior Loan Agreement [Member]                                  
Debt Instrument [Line Items]                                  
Long-term Line of Credit             15,000,000                    
Subordinated Loan Agreement [Member] | Junior Lender [Member]                                  
Debt Instrument [Line Items]                                  
Subordinated Debt, Total             $ 3,500,000                    
Warrants To Purchase Common Stock | shares             566,015                    
Beneficial Ownership Percentage             9.58%                    
Proceeds from Issuance of Subordinated Long-term Debt             $ 3,500,000                    
Subordinated Loan Agreement [Member] | Junior Lender [Member] | Warrant [Member]                                  
Debt Instrument [Line Items]                                  
Debt Instrument, Unamortized Discount             $ 2,200,000                    
Business Development Bank Of Canada [Member]                                  
Debt Instrument [Line Items]                                  
Short-term Debt, Refinanced, Amount                 $ 1,100,000                
Debt Instrument, Term                 240 months 240 months              
Debt Instrument, Interest Rate, Effective Percentage               6.45% 6.45%     6.45% 6.45% 6.45%      
Debt Instrument, Periodic Payment, Total                 $ 6,447                
Long-term Debt, Current Maturities, Total                                 $ 50,000
Long-term Debt, Total | CAD                         CAD 1,049,979        
Senior Credit Facility [Member]                                  
Debt Instrument [Line Items]                                  
Line Of Credit Facility, Borrowing Base Calculation, Percentage Of Eligible Inventory               60.00%                  
Line Of Credit Facility, Borrowing Base Calculation, Percentage Of Liquidation Value Of Inventory               85.00%                  
Line of Credit Facility, Collateral                 A perfected first security lien on all of the Borrowers United States and Canadian assets, other than its Mexican plant and the Canadian warehouse. o Pledge of 65% of Lakeland US stock in all foreign subsidiaries and 100% pledge of stock of its Canadian subsidiaries. A perfected first security lien on all of the Borrowers United States and Canadian assets, other than its Mexican plant and the Canadian warehouse. o Pledge of 65% of Lakeland US stock in all foreign subsidiaries and 100% pledge of stock of its Canadian subsidiaries.              
Line of Credit Facility, Covenant Terms                 Prepayment penalties of 2% if prior to the second anniversary of the Closing Date and 1% thereafter. Prepayment penalties of 2% if prior to the second anniversary of the Closing Date and 1% thereafter.              
Long-term Line of Credit                                 $ 15,000,000
Line Of Credit Facility Floor Interest Rate                             6.25%    
Line Of Credit facility Maturity Description                 An initial term of three years from June 28, 2013 (the Closing Date), which has been extended to June 28, 2017 pursuant to the Amendment. o Prepayment penalties of 2% if prior to the second anniversary of the Closing Date and 1% thereafter. An initial term of three years from June 28, 2013 (the Closing Date), which has been extended to June 28, 2017 pursuant to the Amendment. o Prepayment penalties of 2% if prior to the second anniversary of the Closing Date and 1% thereafter.              
Senior Credit Facility [Member] | Amendment [Member]                                  
Debt Instrument [Line Items]                                  
Line Of Credit Facility Floor Interest Rate                             4.25%    
Subsequent Event [Member] | Weifang Lakeland Safety Products Co Ltd And Weifang Rural Credit Cooperative Bank [Member]                                  
Debt Instrument [Line Items]                                  
Line of Credit Facility, Interest Rate at Period End                               6.42%  
Professional Fees | ¥                   ¥ 46,000              
Long-term Line of Credit | ¥                               ¥ 8,000,000