Business Description and Basis of Presentation	12 Months Ended
Dec. 31, 2018
Business Description and Basis of Presentation
Business Description and Basis of Presentation	1. Business Description and Basis of Presentation Centric Brands Inc. (“Centric”) is a global leader in the design, marketing, and distribution of premium lifestyle products, including kid's, men's & women's apparel and accessories, and other licensed or private label product categories. The Company's distinctive image has been developed across an expanding number of products, brands, sales channels and markets. The Company's Owned Brands include Hudson®, Robert Graham®, and SWIMS®. Additionally, the Company licenses brands which are sold in various product categories primarily in North America. Licensed brands include Calvin Klein®, Tommy Hilfiger®, Nautica®, Under Armour®, BCBG®, Buffalo Jeans®, Joe’s Jeans®, and Michael Kors®. Centric and its subsidiaries are collectively referred to herein as the “Company,” “we,” “us,” “our,” and “ourselves,” unless the context indicates otherwise. On October 29, 2018, the Company acquired from Global Brands Group Holding Limited’s (“GBG”) and GBG USA Inc., a wholly-owned subsidiary of GBG (“GBG USA”) a significant part of GBG’s North American business (“GBG Acquisition”), including the wholesale, retail and e-commerce operations, comprising all of their North American kids business, all of their North American accessories business and a majority of their West Coast and Canadian fashion businesses. Effective upon the consummation of the GBG Acquisition, the Company changed its name from Differential Brands Group Inc. to Centric Brands Inc. and changed its trading symbol on The Nasdaq Stock Market LLC (“NASDAQ”) from DFBG to CTRC. Prior to the GBG Acquisition, the Company organized its business into the following three reportable segments: Wholesale, Consumer Direct and Corporate and other. Subsequent to the GBG Acquisition, the Company implemented organizational changes that have impacted the manner in which it manages the Company. Accordingly, the Company realigned its business into the following three reportable segments: Kids, Accessories, and Men’s & Women’s Apparel. See “Note 15 – Segment Reporting and Operations by Geographic Areas”. All prior period segment information has been reclassified to reflect the realignment of our segment reporting structure on a comparable basis. The Company continues to be a “smaller reporting company,” as defined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

1. Business Description and Basis of Presentation

Centric Brands Inc. (“Centric”) is a global leader in the design, marketing, and distribution of premium lifestyle products, including kid's, men's & women's apparel and accessories, and other licensed or private label product categories. The Company's distinctive image has been developed across an expanding number of products, brands, sales channels and markets. The Company's Owned Brands include Hudson®, Robert Graham®, and SWIMS®. Additionally, the Company licenses brands which are sold in various product categories primarily in North America. Licensed brands include Calvin Klein®, Tommy Hilfiger®, Nautica®, Under Armour®, BCBG®, Buffalo Jeans®, Joe’s Jeans®, and Michael Kors®. Centric and its subsidiaries are collectively referred to herein as the “Company,” “we,” “us,” “our,” and “ourselves,” unless the context indicates otherwise.

On October 29, 2018, the Company acquired from Global Brands Group Holding Limited’s (“GBG”) and GBG USA Inc., a wholly-owned subsidiary of GBG (“GBG USA”) a significant part of GBG’s North American business (“GBG Acquisition”), including the wholesale, retail and e-commerce operations, comprising all of their North American kids business, all of their North American accessories business and a majority of their West Coast and Canadian fashion businesses. Effective upon the consummation of the GBG Acquisition, the Company changed its name from Differential Brands Group Inc. to Centric Brands Inc. and changed its trading symbol on The Nasdaq Stock Market LLC (“NASDAQ”) from DFBG to CTRC.

Prior to the GBG Acquisition, the Company organized its business into the following three reportable segments: Wholesale, Consumer Direct and Corporate and other. Subsequent to the GBG Acquisition, the Company implemented organizational changes that have impacted the manner in which it manages the Company. Accordingly, the Company realigned its business into the following three reportable segments: Kids, Accessories, and Men’s & Women’s Apparel. See “Note 15 – Segment Reporting and Operations by Geographic Areas”. All prior period segment information has been reclassified to reflect the realignment of our segment reporting structure on a comparable basis.

The Company continues to be a “smaller reporting company,” as defined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.