XML 80 R62.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt and Preferred Stock (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 5 Months Ended 11 Months Ended 12 Months Ended
Jul. 18, 2016
USD ($)
$ / shares
shares
Jan. 28, 2016
USD ($)
item
shares
Sep. 08, 2015
item
$ / shares
Dec. 31, 2013
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Mar. 27, 2017
Oct. 01, 2016
Dec. 23, 2013
USD ($)
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
2017         $ 14,433 $ 14,433 $ 14,433        
2018         2,500 2,500 2,500        
2019         3,750 3,750 3,750        
2020         18,261 18,261 18,261        
2021         53,837 53,837 53,837        
Total         92,781 92,781 92,781        
Deferred Financing Costs, net         1,551 1,551 1,551        
Original Issue Discount, net         4,223 4,223 4,223        
Carrying Value         87,007 87,007 87,007        
Aggregate amount             49,881        
Accrued distribution to members               $ 1,366      
Recorded value of the convertible note                      
Less: Original issue discount         (4,223) (4,223) (4,223)        
Total         92,781 92,781 92,781        
Accumulated accretion of original issue debt discount             916        
Modified Convertible Notes value         12,660 12,660 12,660        
Short term convertible notes         13,137 13,137 13,137        
Tengram Capital Partners, LP                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Total         13,200 13,200 13,200        
Recorded value of the convertible note                      
Total         13,200 13,200 13,200        
SWIMS                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Cash payment $ 12,017           12,017        
Aggregate principal amount of modified convertible notes 13,812           13,812        
Preferred Series A | TCP Denim, LLC                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Shares issued (in shares) | shares   50,000                  
Aggregate amount   $ 50,000                  
Dividend rate (as a percent)     10.00%                
Number of Board of Directors that the preferred stockholders can elect | item     3                
Conversion price (in dollars per share) | $ / shares     $ 11.16                
Term Loan Credit Agreement                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
2017         1,250 1,250 1,250        
2018         2,500 2,500 2,500        
2019         3,750 3,750 3,750        
2020         5,000 5,000 5,000        
2021         37,000 37,000 37,000        
Total         49,500 49,500 49,500        
Deferred Financing Costs, net         1,032 1,032 1,032        
Carrying Value         48,468 48,468 48,468        
Recorded value of the convertible note                      
Total         49,500 49,500 49,500        
Line of credit                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
2020         13,261 13,261 13,261        
Total         13,261 13,261 13,261        
Deferred Financing Costs, net         519 519 519        
Carrying Value         12,742 12,742 12,742        
Recorded value of the convertible note                      
Total         13,261 13,261 13,261        
Convertible notes                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Aggregate principal amount of modified convertible notes   27,500                  
JPM Loan Agreement | RG                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Aggregate principal amount               $ 26,500     $ 30,000
Effective interest rate (as a percent)               2.60%      
JPM Loan Agreement | RG | Maximum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Borrowing capacity limit based on percentage of eligible accounts receivable               85.00%      
Borrowing capacity limit based on percentage of eligible credit card receivables               90.00%      
Borrowing capacity limit based on percentage of eligible wholesale inventory               70.00%      
Borrowing capacity limit based on percentage of eligible retail inventory               75.00%      
JPM Loan Agreement | RG | LIBOR rate loans                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Margin on variable rate basis (as a percent)               2.25%      
JPM Loan Agreement | RG | Prime Rate                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Margin on variable rate basis (as a percent)               0.75%      
Capex loan | RG                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Aggregate principal amount                     $ 3,500
Revolving Facility                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Aggregate principal amount   40,000                  
Aggregate principal amount, incremental commitments   $ 10,000                  
Availability         12,700 12,700 12,700        
Commitment fee (as a percent)   0.25%                  
Revolving Facility | Base Rate                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Margin on variable rate basis (as a percent)   0.50%                  
Revolving Facility | LIBOR rate loans                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Margin on variable rate basis (as a percent)   1.75%                  
Term Facility                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Aggregate principal amount   $ 50,000                  
Required quarterly repayments of principal for the first four fiscal quarters (as a percent)   0.25%                  
Required quarterly repayments of principal for the second four fiscal quarters (as a percent)   0.625%                  
Required quarterly repayments of principal for the third four fiscal quarters (as a percent)   1.25%                  
Required quarterly repayments of principal for the fourth four fiscal quarters (as a percent)   1.875%                  
Required quarterly repayments of principal thereafter (as a percent)   2.50%                  
Mandatory prepayment percentage, issuances of debt not permitted and certain equity issuances   100.00%                  
Mandatory prepayment percentage, cash proceeds from non-ordinary course asset sales   100.00%                  
Mandatory prepayment percentage, cash proceeds from condemnation recoveries   100.00%                  
Mandatory prepayment percentage, extraordinary receipts   100.00%                  
Prepayment premium during first year (as a percent)   2.00%                  
Prepayment premium during second year (as a percent)   1.00%                  
Term Facility | Minimum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Mandatory prepayment percentage, excess cash flow   0.00%                  
Term Facility | Maximum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Mandatory prepayment percentage, excess cash flow   50.00%                  
Term Facility | Base Rate                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Annual rate on outstanding principal amount (as a percent)                 8.75%    
Term Facility | Base Rate | Minimum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Margin on variable rate basis (as a percent)   6.00%                  
Term Facility | Base Rate | Maximum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Margin on variable rate basis (as a percent)   8.00%                  
Term Facility | LIBOR rate loans                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Annual rate on outstanding principal amount (as a percent)                 9.75%    
Term Facility | LIBOR rate loans | Minimum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Margin on variable rate basis (as a percent)   7.00%                  
Base rate floor (as a percent)   0.50%                  
Term Facility | LIBOR rate loans | Maximum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Margin on variable rate basis (as a percent)   9.00%                  
Credit Facilities                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Minimum borrowing capacity (as a percent)   10.00%                  
Deferred financing costs               $ 1,900      
Deferred financing costs, accrued               $ 300      
Modified Convertible Notes                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
2021         16,837 16,837 16,837        
Total   $ 11,800     16,837 16,837 16,837        
Original Issue Discount, net   $ 4,673     4,177 4,177 4,177        
Carrying Value         12,660 12,660 12,660        
Amount of interest payable in cash (as a percent)   50.00%                  
Amount of interest payable in kind (as a percent)   50.00%                  
Amount of interest payable in cash, discretionary (as a percent)   100.00%                  
Recorded value of the convertible note                      
Face value   $ 16,473                  
Less: Original issue discount   (4,673)     (4,177) (4,177) (4,177)        
Total   $ 11,800     16,837 16,837 16,837        
PIK interest issued           364          
Accumulated accretion of original issue debt discount           496          
Modified Convertible Notes value         12,660 12,660 12,660        
Modified Convertible Notes | Conversion of Convertible Notes into Common Stock                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Shares issued (in shares) | shares   1,167,317                  
Cash payment   $ 8,600                  
Annual rate on outstanding principal amount (as a percent)   6.50%               7.00%  
Trading days immediately preceding the notice of conversion used for calculation of average of the closing prices for the common stock | item   20                  
Convertible Notes Due January 2017                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
2017         13,183 13,183 13,183        
Total 12,535       13,183 13,183 13,183        
Original Issue Discount, net 465       46 46 46        
Carrying Value         13,137 13,137 13,137        
Recorded value of the convertible note                      
Face value 13,000                    
Less: Original issue discount (465)       (46) (46) (46)        
Total $ 12,535       13,183 13,183 13,183        
PIK interest issued         183            
Accumulated accretion of original issue debt discount         419            
Short term convertible notes         $ 13,137 $ 13,137 $ 13,137        
Convertible Notes Due January 2017 | Tengram Capital Partners, LP                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Annual rate on outstanding principal amount (as a percent) 3.75%                    
Recorded value of the convertible note                      
Face value $ 13,000                    
Convertible Notes Due January 2017 | Preferred Series A-1 | Tengram Capital Partners, LP                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Dividend rate (as a percent) 10.00%                    
Conversion price (in dollars per share) | $ / shares $ 3.00                    
Convertible Notes Due January 2017 | Maximum | Preferred Series A-1 | Tengram Capital Partners, LP                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Number of shares issuable upon conversion of the debt | shares 4,500,000                    
A&R Factoring Agreement | RG                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Minimum annual amount, or floor, of annual factoring fees       $ 100              
A&R Factoring Agreement | RG | Minimum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Factoring rate of gross amount of accounts receivable assigned       0.20%              
A&R Factoring Agreement | RG | Maximum                      
Five year payment schedule of debt for the promissory notes, long term debt and convertible notes                      
Factoring rate of gross amount of accounts receivable assigned       0.50%