Accounting Policies, by Policy (Policies)

6 Months Ended

Jun. 29, 2013

Accounting Policies [Abstract]

Discontinued Operations, Policy [Policy Text Block]

Discontinued Operations

On June 7, 2013, the Company sold certain assets of the scott james clothing brand and line. In 2011, the Company sold certain assets of its women’s businesses, Hampshire Designers, Inc. (“Hampshire Designers”) and Item-Eyes, Inc. (“Item-Eyes”). In accordance with GAAP, the financial position and results from operations for these businesses have been presented as discontinued operations. See Note 9 – Dispositions and Discontinued Operations.

Commitments and Contingencies, Policy [Policy Text Block]

Lease Litigation Settlement

On June 10, 2013, the Civil Court of the City of New York ruled that the Company was entitled to rent abatement for all but approximately $0.2 million of the $7.1 million claim by the receiver of the landlord of the Company’s New York Office lease. The Company had accrued approximately $6.3 million for disputed unpaid rent and reversed approximately $6.1 million of the accrual in the quarter ended June 29, 2013, which is reflected in Lease litigation settlement on the Unaudited Condensed Consolidated Statements of Operations. See Note 7 - Commitments and Contingencies.

Subsequent Events, Policy [Policy Text Block]

Subsequent Events

The Company has evaluated subsequent events from the date of the unaudited condensed consolidated balance sheet through the date that the financial statements were issued. During this period, no material recognizable subsequent events were identified, except as disclosed in Note 2 – Acquisitions, Note 8 – Taxes, Note 12 – Related Party Transactions and Note 13 - Stock Plan.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Standards

No new accounting pronouncements, issued or effective during 2013, have had or are expected to have a significant impact on the Company’s consolidated financial statements.