XML 52 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Nov. 30, 2014
Nov. 30, 2013
Nov. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (27,716,000)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (7,314,000)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 5,565,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Adjustment to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,615,000us-gaap_DepreciationDepletionAndAmortization 2,541,000us-gaap_DepreciationDepletionAndAmortization 1,456,000us-gaap_DepreciationDepletionAndAmortization
Change in fair value of embedded conversion derivative (2,270,000)us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet 204,000us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet  
Impairment of goodwill 23,585,000us-gaap_GoodwillImpairmentLoss    
Retail stores impairment 840,000us-gaap_OtherAssetImpairmentCharges   0us-gaap_OtherAssetImpairmentCharges
Amortization of deferred financing costs 420,000us-gaap_AmortizationOfFinancingCosts 70,000us-gaap_AmortizationOfFinancingCosts  
Amortization of convertible notes discount 1,646,000us-gaap_AmortizationOfDebtDiscountPremium 257,000us-gaap_AmortizationOfDebtDiscountPremium  
Amortization of term loan discount 238,000joez_AmortizationOfTermLoanDiscount 40,000joez_AmortizationOfTermLoanDiscount  
PIK Interest on convertible note discount 875,000us-gaap_PaidInKindInterest    
Stock-based compensation 1,284,000us-gaap_ShareBasedCompensation 1,687,000us-gaap_ShareBasedCompensation 1,847,000us-gaap_ShareBasedCompensation
Excess tax benefit on stock-based compensation 121,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities 190,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (26,000)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Provision for non-factored customer credits and doubtful accounts 901,000us-gaap_ProvisionForDoubtfulAccounts (32,000)us-gaap_ProvisionForDoubtfulAccounts (121,000)us-gaap_ProvisionForDoubtfulAccounts
Decrease in deferred taxes (4,294,000)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 153,000us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 3,591,000us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Other liabilities 393,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities    
Changes in operating assets and liabilities:      
Non Factored Accounts receivable 1,132,000us-gaap_IncreaseDecreaseInAccountsReceivable (2,514,000)us-gaap_IncreaseDecreaseInAccountsReceivable 851,000us-gaap_IncreaseDecreaseInAccountsReceivable
Factored accounts receivable 1,013,000joez_IncreaseDecreaseInDueFromFactoredAccountsReceivableCurrent 918,000joez_IncreaseDecreaseInDueFromFactoredAccountsReceivableCurrent  
Inventories (8,649,000)us-gaap_IncreaseDecreaseInInventories 878,000us-gaap_IncreaseDecreaseInInventories (8,056,000)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets 1,205,000us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 945,000us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (680,000)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses (3,105,000)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 3,243,000us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 394,000us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Buy-out note payable (3,025,000)joez_RelatedPartyContingentConsiderationPayments 6,302,000joez_RelatedPartyContingentConsiderationPayments  
Due to/from related parties   (195,000)joez_IncreaseDecreaseInDueToFromRelatedPartiesCurrent 450,000joez_IncreaseDecreaseInDueToFromRelatedPartiesCurrent
Deferred rent 458,000joez_IncreaseDecreaseInDeferredRentRevenue 609,000joez_IncreaseDecreaseInDeferredRentRevenue 511,000joez_IncreaseDecreaseInDeferredRentRevenue
Net cash (used in) provided by operating activities (10,333,000)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 7,982,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 5,782,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of Hudson Clothing, Inc., net of cash acquired (418,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (65,218,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired  
Purchases of property and equipment (765,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,135,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,779,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (1,183,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (67,353,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (2,779,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES      
Payments on factor borrowing, net   (27,359,000)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (1,863,000)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Payment of deferred financing costs   (3,051,000)us-gaap_PaymentsOfFinancingCosts  
Payments of promissory note (1,235,000)us-gaap_RepaymentsOfNotesPayable    
Proceeds from line of credit, net 13,665,000us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 17,673,000us-gaap_ProceedsFromRepaymentsOfLinesOfCredit  
Proceeds from term loan   60,000,000us-gaap_ProceedsFromIssuanceOfLongTermDebt  
Payment of term loan (75,000)us-gaap_RepaymentsOfLongTermDebt    
Proceeds from exercise of options   27,000us-gaap_ProceedsFromStockOptionsExercised 20,000us-gaap_ProceedsFromStockOptionsExercised
Purchase of restricted stock (227,000)us-gaap_PaymentsForRepurchaseOfCommonStock    
Payment of taxes on restricted stock units (343,000)joez_PaymentOfTaxesOnRestrictedStockUnits (560,000)joez_PaymentOfTaxesOnRestrictedStockUnits (424,000)joez_PaymentOfTaxesOnRestrictedStockUnits
Net cash provided by (used in) financing activities 11,785,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 46,730,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (2,267,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
NET CHANGE IN CASH AND CASH EQUIVALENTS 269,000us-gaap_NetCashProvidedByUsedInContinuingOperations (12,641,000)us-gaap_NetCashProvidedByUsedInContinuingOperations 736,000us-gaap_NetCashProvidedByUsedInContinuingOperations
CASH AND CASH EQUIVALENTS, at beginning of period 785,000us-gaap_CashAndCashEquivalentsAtCarryingValue 13,426,000us-gaap_CashAndCashEquivalentsAtCarryingValue 12,690,000us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, at end of period $ 1,054,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 785,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 13,426,000us-gaap_CashAndCashEquivalentsAtCarryingValue