Subsequent Events

9 Months Ended

Sep. 30, 2018

Subsequent Events [Abstract]

Subsequent Events

22. Subsequent Events

On October 15, 2018, Sears Holding Corporation (“Sears”) filed for Chapter 11 bankruptcy.  The Company maintains license agreements with Sears for its Joe Boxer, Bongo and Cannon trademarks.  At this time, the Company is uncertain of the outcome of the Sears bankruptcy filing and how it could affect the future revenues and cash flows of these brands as well as if any future indefinite-lived intangible asset impairment charge for these trademarks is expected.  As new and additional information is learned about the Sears bankruptcy filing, the Company will update its forecasted future earnings for the Joe Boxer, Cannon and Bongo trademarks in the fourth quarter of FY 2018 as is deemed necessary.  Refer to Note 4 for further details.  As a result of the bankruptcy filing, the Company recorded a bad debt reserve of $8.2 million which represents the outstanding accounts receivable balance due from Sears as of September 30, 2018 of which $3.9 million was recognized as revenue during the Current Quarter.