Business Combinations and Discontinued Operations (Tables)

12 Months Ended

Feb. 03, 2018

Schedule of net (loss) income and carrying amounts of assets and liabilities included in discontinued operation

	Year Ended
	February 3,		January 28,
(In thousands)	2018		2017
Product sales and royalty revenues	$	19,492	$	6,599
Cost of goods sold		15,106		5,083
Selling, general and administrative expenses		4,384		688
Depreciation and amortization		167		—
Pretax (loss) income from discontinued operations		(165)		828
Gain on disposal of discontinued operations		37		—
Total pretax (loss) income from discontinued operations		(128)		828
Income tax (benefit) provision		—		—
Net (loss) income from discontinued operations	$	(128)	$	828

Schedule of assets and liabilities assumed

	February 3,		January 28,
(In thousands)	2018		2017
Accounts receivable and amounts due from sale of business	$	1,868	$	10,465
Inventories		—		1,567
Current assets of discontinued operations		1,868		12,032
Intangible asset—Distributor relationships		—		492
Goodwill		—		400
Property and equipment		—		11
Noncurrent assets of discontinued operations		—		903
Current liabilities of discontinued operations		1,103		4,083
Net assets of discontinued operations	$	765	$	8,852

Schedule of restructuring-related costs is measured at its fair value

Restructuring charges comprise the following:

	Year Ended
	February 3,		January 28,
(In thousands)	2018		2017
Severance costs	$	2,080	$	1,270
Contract termination costs		—		386
Leases, net of sublease		—		1,920
Service costs		—		206
	$	2,080	$	3,782

Payments against the restructuring plan obligations were as follows:

(In thousands)	Cherokee Global Brands  Plan		Hi-Tec Plan
Balance, January 28, 2017	$	—	$	3,782
Restructuring charges		1,031		1,049
Payments during the period		—		(2,330)
Balance, February 3, 2018	$	1,031	$	2,501

Schedule of pro forma information

	Year Ended
(amounts in thousands)	January 28, 2017		January 30, 2016
Gross Income	$	51,468	$	54,290
Net Income	$	8,053	$	11,909
Basic EPS	$	0.62	$	0.92
Diluted EPS	$	0.62	$	0.91

Hi-Tech

Schedule of assets and liabilities assumed

(In thousands)	Purchase Price Allocation
Cash and cash equivalents	$	2,654
Accounts receivable		20,445
Inventories		1,327
Other current assets		2,453
Assets sold to third parties		11,147
Total current assets		38,026
Property and equipment		291
Intangible assets		53,940
Goodwill		16,652
Total identifiable assets acquired		108,909
Accounts payable		5,112
Other current liabilities		5,868
Total current liabilities		10,980
Deferred income taxes		7,480
Long-term income taxes payable		3,197
Net assets acquired	$	87,252