Note 3 - Credit Facility	6 Months Ended
Jul. 02, 2011
Line of Credit Facility, Description	Note 3 – Credit Facility The Company has a $50.0 million asset based revolving credit facility, (referred to as the “Credit Facility”) with Wells Fargo Capital Finance, LLC (“WFCF”). The Credit Facility has a term of four years, matures on October 28, 2014, and is secured by substantially all the domestic assets of the Company and each of its domestic subsidiaries. The Credit Facility is designed to provide working capital and letters of credit that will be used primarily for the purchase and importation of inventory and for general corporate purposes. At July 2, 2011, there were no outstanding borrowings and approximately $17.0 million outstanding under letters of credit. Borrowing availability under the Credit Facility was approximately $1.1 million at July 2, 2011 and the Company had approximately $29.4 million of unrestricted cash that was not included in the availability calculation. On May 5, 2011, the Company entered into a Consent to Certain Asset Sales (the “Consent”) with WFCF. Pursuant to the Consent, WFCF, as agent under the Credit Facility consented to the asset sales of Hampshire Designers and Item-Eyes. See Note 8 – Dispositions and Discontinued Operations.

Note 3 - Credit Facility

6 Months Ended

Jul. 02, 2011

Note 3 – Credit Facility

The Company has a $50.0 million asset based revolving credit facility, (referred to as the “Credit Facility”) with Wells Fargo Capital Finance, LLC (“WFCF”). The Credit Facility has a term of four years, matures on October 28, 2014, and is secured by substantially all the domestic assets of the Company and each of its domestic subsidiaries. The Credit Facility is designed to provide working capital and letters of credit that will be used primarily for the purchase and importation of inventory and for general corporate purposes.

At July 2, 2011, there were no outstanding borrowings and approximately $17.0 million outstanding under letters of credit. Borrowing availability under the Credit Facility was approximately $1.1 million at July 2, 2011 and the Company had approximately $29.4 million of unrestricted cash that was not included in the availability calculation.

On May 5, 2011, the Company entered into a Consent to Certain Asset Sales (the “Consent”) with WFCF. Pursuant to the Consent, WFCF, as agent under the Credit Facility consented to the asset sales of Hampshire Designers and Item-Eyes. See Note 8 – Dispositions and Discontinued Operations.

- Definition

Description of a short-term or long-term contractual arrangement with a lender, including letter of credit, standby letter of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line of credit.

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