XML 50 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Nov. 30, 2014
Nov. 30, 2013
Current assets    
Cash and cash equivalents $ 1,054us-gaap_CashAndCashEquivalentsAtCarryingValue $ 785us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 2,588us-gaap_AccountsReceivableNetCurrent 4,621us-gaap_AccountsReceivableNetCurrent
Factored accounts receivable, net 30,421joez_DueFromFactorCurrent 31,434joez_DueFromFactorCurrent
Inventories, net 61,319us-gaap_InventoryNet 52,670us-gaap_InventoryNet
Deferred income taxes, net 6,065us-gaap_DeferredTaxAssetsNetCurrent 3,114us-gaap_DeferredTaxAssetsNetCurrent
Prepaid expenses and other current assets 1,672us-gaap_PrepaidExpenseAndOtherAssetsCurrent 2,178us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 103,119us-gaap_AssetsCurrent 94,802us-gaap_AssetsCurrent
Property and equipment, net 5,040us-gaap_PropertyPlantAndEquipmentNet 7,393us-gaap_PropertyPlantAndEquipmentNet
Goodwill 12,230us-gaap_Goodwill 33,812us-gaap_Goodwill
Intangible assets 80,773us-gaap_IntangibleAssetsNetExcludingGoodwill 83,110us-gaap_IntangibleAssetsNetExcludingGoodwill
Deferred financing costs 1,611us-gaap_DeferredFinanceCostsNoncurrentNet 2,031us-gaap_DeferredFinanceCostsNoncurrentNet
Other assets 1,176us-gaap_OtherAssetsNoncurrent 1,875us-gaap_OtherAssetsNoncurrent
Total assets 203,949us-gaap_Assets 223,023us-gaap_Assets
Current liabilities    
Accounts payable and accrued expenses 23,331us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 26,436us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Line of credit 31,338us-gaap_LinesOfCreditCurrent 17,673us-gaap_LinesOfCreditCurrent
Short term debt 59,003us-gaap_ShortTermBorrowings  
Buy-out payable-short term 3,277joez_ContingentConsiderationPayableCurrent 3,072joez_ContingentConsiderationPayableCurrent
Promissory tax note issued   1,235us-gaap_NotesPayableCurrent
Total current liabilities 116,949us-gaap_LiabilitiesCurrent 48,416us-gaap_LiabilitiesCurrent
Long term debt   58,840us-gaap_LongTermDebtNoncurrent
Convertible notes 24,733us-gaap_ConvertibleLongTermNotesPayable 27,912us-gaap_ConvertibleLongTermNotesPayable
Deferred income taxes, net 17,765us-gaap_DeferredTaxLiabilitiesNoncurrent 16,202us-gaap_DeferredTaxLiabilitiesNoncurrent
Contingent consideration buy-out payable-long term   3,230joez_ContingentConsiderationPayableNoncurrent
Deferred rent 2,862us-gaap_DeferredRentCreditNoncurrent 2,404us-gaap_DeferredRentCreditNoncurrent
Other liabilities 643us-gaap_OtherLiabilitiesNoncurrent 250us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 162,952us-gaap_Liabilities 157,254us-gaap_Liabilities
Commitments and contingencies      
Stockholders' equity    
Common stock, $0.10 par value: 100,000 shares authorized, 69,822 shares issued and 69,297 outstanding (2014) and 68,878 shares issued and 68,549 outstanding (2013) 6,984us-gaap_CommonStockValue 6,890us-gaap_CommonStockValue
Additional paid-in capital 111,010us-gaap_AdditionalPaidInCapitalCommonStock 107,933us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (73,679)us-gaap_RetainedEarningsAccumulatedDeficit (45,963)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, 524 shares (2014) and 329 shares (2013) (3,318)us-gaap_TreasuryStockValue (3,091)us-gaap_TreasuryStockValue
Total stockholders' equity 40,997us-gaap_StockholdersEquity 65,769us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 203,949us-gaap_LiabilitiesAndStockholdersEquity $ 223,023us-gaap_LiabilitiesAndStockholdersEquity