Summer Infant (SUMR) 10-K 18 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2019	Mar. 16, 2020	Jun. 29, 2019
Document and Entity Information
Entity Registrant Name	Summer Infant, Inc.
Document Type	10-K
Document Period End Date	Dec. 28, 2019
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 4.2
Entity Common Stock, Shares Outstanding		2,108,743
Entity Central Index Key	0001314772
Current Fiscal Year End Date	--12-28
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 28, 2019	Dec. 29, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 395	$ 721
Trade receivables, net of allowance for doubtful accounts of $542 and $304 at December 28, 2019 and December 29, 2018, respectively	32,787	31,223
Inventory, net	28,056	36,066
Prepaids and other current assets	2,946	997
TOTAL CURRENT ASSETS	64,184	69,007
Property and equipment, net	8,788	9,685
Intangible assets, net	12,896	13,300
Right of use assets, noncurrent	4,578
Deferred tax assets, net	996	2,127
Other assets	101	97
TOTAL ASSETS	91,543	94,216
CURRENT LIABILITIES
Accounts payable	25,396	28,120
Accrued expenses	7,289	8,939
Lease liabilities, current	2,495
Current portion of long-term debt	875	875
TOTAL CURRENT LIABILITIES	36,055	37,934
Long-term debt, less current portion and unamortized debt issuance costs	45,359	44,641
Lease liabilities, noncurrent	2,546
Other liabilities	2,000	2,371
TOTAL LIABILITIES	85,960	84,946
STOCKHOLDERS' EQUITY
Preferred Stock, $0.0001 par value, 1,000,000 authorized, none issued or outstanding at December 28, 2019 and December 29, 2018
Common Stock $0.0009 par value, authorized, issued and outstanding of 5,444,445, 2,138,926, and 2,108,743 at December 28, 2019 and 5,444,445, 2,121,362, and 2,091,178 at December 29, 2018, respectively	2	2
Treasury Stock at cost (30,184 shares at December 28, 2019 and December 29, 2018)	(1,283)	(1,283)
Additional paid-in capital	77,715	77,396
Accumulated deficit	(69,088)	(64,924)
Accumulated other comprehensive loss	(1,763)	(1,921)
TOTAL STOCKHOLDERS' EQUITY	5,583	9,270
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 91,543	$ 94,216

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 28, 2019	Dec. 29, 2018
Consolidated Balance Sheets
Trade receivables, allowance for doubtful accounts	$ 542	$ 304
Preferred Stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred Stock, authorized	1,000,000	1,000,000
Preferred Stock, issued	0	0
Preferred Stock, outstanding	0	0
Common Stock, par value (in dollars per share)	$ 0.0009	$ 0.0009
Common Stock, authorized	5,444,445	5,444,445
Common Stock, issued	2,138,926	2,121,362
Common Stock, outstanding	2,108,743	2,091,178
Treasury Stock at cost, shares	30,184	30,184

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Consolidated Statements of Operations
Net sales	$ 173,181	$ 173,619
Cost of goods sold	118,296	118,500
Gross profit	54,885	55,119
General and administrative expenses	34,823	38,880
Selling expenses	14,540	12,430
Depreciation and amortization	3,720	4,182
Operating income (loss)	1,802	(373)
Interest expense, net	4,871	4,442
Loss before provision (benefit) for income taxes	(3,069)	(4,815)
Provision (benefit) for income taxes	1,095	(564)
Net loss	$ (4,164)	$ (4,251)
Net loss per share, basic and diluted	$ (1.98)	$ (2.04)
Weighted average shares outstanding, basic and diluted	2,100,730	2,082,714

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Consolidated Statements of Comprehensive Loss
Net loss	$ (4,164)	$ (4,251)
Other comprehensive income (loss):
Foreign currency translation adjustments	158	(669)
Comprehensive loss	$ (4,006)	$ (4,920)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Cash flows from operating activities:
Net loss	$ (4,164)	$ (4,251)
Adjustments to reconcile net loss to net cash provided by operating activities:
Bad debt expense	316	1,963
Depreciation and amortization	3,720	4,182
Stock-based compensation	319	523
Write off of unamortized deferred financing costs		518
Deferred income taxes	1,084	(193)
Amortization of right of use assets	1,833
Changes in assets and liabilities, net of effects of acquisitions
(Increase) decrease in accounts receivable	(1,583)	3,035
Decrease (increase) in inventory	8,328	(2,524)
(Increase) in prepaids and other current assets	(1,939)	(71)
(Decrease) in lease liabilities	(1,370)
Decrease (increase) in other assets	(10)	(42)
(Decrease) increase in accounts payable and accrued expenses	(4,999)	2,406
Net cash provided by operating activities	1,535	5,546
Cash flows from investing activities:
Acquisitions of property and equipment	(1,991)	(3,472)
Acquisitions of intangible assets	(335)
Net cash used in investing activities	(2,326)	(3,472)
Cash flows from financing activities:
Repayment of Prior Term Loan Facility		(5,000)
Repayment of Prior FILO Facility		(1,250)
Payment of financing fees and expenses		(1,958)
Proceeds from New Term Loan Facility		17,500
Repayment of New Term Loan Facility	(875)	(219)
Net borrowings (repayments) on revolving facilities	1,594	(11,097)
Issuance of common stock upon exercise of stock options		25
Net cash provided by (used in) financing activities	719	(1,999)
Effect of exchange rate changes on cash and cash equivalents	(254)	(35)
Net (decrease) increase in cash and cash equivalents	(326)	40
Cash and cash equivalents at beginning of year	721	681
Cash and cash equivalents at end of year	395	721
Supplemental disclosure of cash flow information:
Cash paid during the year for interest	3,781	2,944
Cash paid during the year for income taxes	$ 7	$ 280

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Previously ReportedCommon Stock	Common Stock	Additional Paid in Capital	Treasury Stock	Accumulated Deficit	Accumulated Comprehensive Loss	Total
Increase (Decrease) in Shareholders' Equity
Revision for foreign currency adjustments					$ (1,039)	$ 1,039
Revised Balance, beginning of year		$ 2	$ 76,848	$ (1,283)	(60,673)	(1,252)	$ 13,642
Balance, beginning of year at Dec. 30, 2017		$ 2	76,848	(1,283)	(59,634)	(2,291)	13,642
Balance, beginning of year (in shares) at Dec. 30, 2017	2,069,971	2,069,971
Increase (Decrease) in Shareholders' Equity
Issuance of common stock upon vesting of restricted shares (in shares)		18,923
Issuance of common stock upon exercise of stock options			25				25
Issuance of common stock upon exercise of stock options (in shares)		2,284
Stock-based compensation			523				523
Net loss for the year					(4,251)		(4,251)
Foreign currency translation adjustment						(669)	(669)
Balance, end of year at Dec. 29, 2018		$ 2	77,396	(1,283)	(64,924)	(1,921)	9,270
Balance, end of year (in shares) at Dec. 29, 2018		2,091,178
Increase (Decrease) in Shareholders' Equity
Issuance of common stock upon vesting of restricted shares (in shares)		17,565
Stock-based compensation			319				319
Net loss for the year					(4,164)		(4,164)
Foreign currency translation adjustment						158	158
Balance, end of year at Dec. 28, 2019		$ 2	$ 77,715	$ (1,283)	$ (69,088)	$ (1,763)	$ 5,583
Balance, end of year (in shares) at Dec. 28, 2019		2,108,743

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 28, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations The Company designs, markets and distributes branded juvenile health, safety and wellness products that are sold globally to large national retailers as well as independent retailers, primarily in North America. The Company currently markets its products in several product categories including monitoring, safety, nursery, and baby gear. Most products are sold under our core brand names of Summer™, SwaddleMe®, and born free®. Reverse Stock Split As a subsequent event, on March 13, 2020, the Company successfully completed its reverse stock split and reduced its common stock outstanding by a ratio of one for nine. Per ASC 505-10, if a reverse stock split occurs after the date of the latest reported balance sheet but before the release of the financial statements, then such changes in the capital structure must be given retroactive effect in the balance sheet. As such, the reverse stock split has been retroactively applied to all years reported in these financial statements. Basis of Presentation and Principles of Consolidation It is the Company’s policy to prepare its financial statements on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. The consolidated financial statements include the accounts of its wholly‑owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in the consolidation. All dollar amounts included in the Notes to Consolidated Financial Statements are in thousands of U.S. dollars except share and per share amounts. Fiscal Year The Company’s fiscal year ends on the Saturday closest to December 31 of each calendar year. There were fifty two weeks in the fiscal years ended December 28, 2019 and December 29, 2018. Reclassification Previously reported amounts have been revised in the accompanying consolidated balance sheet and statements of stockholders’ equity to properly state certain foreign currency transactions. As of December 29, 2018 and December 30, 2017, accumulated deficit has been increased by $1,039 and accumulated comprehensive loss has been decreased by the same amount. These revisions had no impact on the company’s net income and total stockholders’ equity for the year ended December 29, 2018. Summary of Significant Accounting Policies Revenue Recognition As of December 31, 2017, the Company adopted FASB ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"). The guidance sets forth a new five-step revenue recognition model which replaces the prior revenue recognition guidance in its entirety and is intended to eliminate numerous industry-specific pieces of revenue recognition guidance that have historically existed in U.S. GAAP. The underlying principle of the new standard is that a business or other organization will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects what it expects to receive in exchange for the goods or services. The standard also requires more detailed disclosures and provides additional guidance for transactions that were not addressed completely in the prior accounting guidance. The Company reviewed all contracts at the date of initial application and elected to use the modified retrospective transition method, where the cumulative effect of the initial application is recognized as an adjustment to opening retained earnings at December 31, 2017. The impact of the adoption was immaterial. Refer to Note 2 for additional information regarding the Company's adoption of ASC 606. The Company's principal activities from which it generates its revenue is product sales. The Company has one reportable segment of business. Revenue is measured based on consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation in a contract by transferring control over a product to a customer when product delivery occurs. Consideration is typically paid approximately 60 days from the time control is transferred. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in selling costs. A performance obligation is a promise in a contract to transfer a distinct product to the customer, which for the Company is transfer of juvenile products to its customers. The transaction price of a contract is allocated to each distinct performance obligation and recognized as revenue when or as the customer receives the benefit of the performance obligation. A transaction price is the amount of consideration the Company expects to receive under the arrangement. The Company is required to estimate variable consideration (if any) and to factor that estimation into the determination of the transaction price. The Company conducts its business with customers through valid purchase or sales orders each of which is considered a separate contract because individual orders are not interdependent on one another. Product transaction prices on a purchase or sale order are discrete and stand-alone. Purchase or sales orders may be issued under either a customer master service agreement or a reseller allowance agreement. Purchase or sales orders, master service agreements, and reseller allowance agreements which are specific and unique to each customer, may include product price discounts, markdown allowances, return allowances, and/or volume rebates which reduce the consideration due from customers. Variable consideration is estimated using the most likely amount method, which is based on our historical experience as well as current information such as sales forecasts. Contracts may also include cooperative advertising arrangements where the Company allows a discount from invoiced product amounts in exchange for customer purchased advertising that features the Company's products. These allowances are generally based upon product purchases or specific advertising campaigns. Such allowances are accrued when the related revenue is recognized. These cooperative advertising arrangements provide a distinct benefit and fair value and are accounted for as direct selling expenses. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents Cash flows, cash and cash equivalents include money market accounts and investments with an original maturity of three months or less. At times, the Company possesses cash balances in excess of federally-insured limits. Trade Receivables Trade receivables are carried at their outstanding unpaid principal balances reduced by an allowance for doubtful accounts. The Company estimates doubtful accounts based on historical bad debts, factors related to specific customers’ ability to pay and current economic trends. The Company writes off accounts receivable against the allowance when a balance is determined to be uncollectible. Amounts are considered to be uncollectable based upon historical experience and management’s evaluation of outstanding accounts receivable. Changes in the allowance for doubtful accounts are as follows: For the fiscal year ended December 28, December 29, 2019 2018 Allowance for doubtful accounts, beginning of period $ 304 $ 1,622 Charges to costs and expenses 1,963 Account write-offs and other (3,281) Allowance for doubtful accounts, end of period $ $ 304 Inventory Valuation Inventory is comprised mostly of finished goods and some component parts and is stated at the lower of cost using the first-in, first-out (FIFO) method, or net realizable value. The Company regularly reviews slow-moving and excess inventories, and writes down inventories to net realizable value if the ultimate expected net proceeds from the disposals of excess inventory are less than the carrying cost of the merchandise. Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and lease liabilities in the Company’s consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As the Company’s leases do not provide an implicit rate, the Company’s uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The components of a lease should be split into three categories: lease components (e.g., land, building, etc.), non-lease components (e.g., common area maintenance, maintenance, consumables, etc.), and non-components (e.g., property taxes, insurance, etc.). Then the fixed and in-substance fixed contract consideration (including any related to non-components) must be allocated based on fair values to the lease components and non-lease components. Although separation of lease and non-lease components is required, certain practical expedients are available to entities. Entities electing the practical expedient would not separate lease and non-lease components. Rather, they would account for each lease component and the related non-lease component together as a single component. The Company’s facilities operating leases have lease and non-lease components to which the Company has elected to apply the practical expedient and account for each lease component and related non-lease component as one single component. The lease component results in a ROU asset being recorded on the balance sheet. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Property and Equipment Property and equipment are recorded at cost. The Company owns the tools and molds used in the production of its products by third party manufacturers. Capitalized mold costs include costs incurred for the pre‑production design and development of the molds. Depreciation is provided over the estimated useful lives of the respective assets using the straight‑line method. Long‑Lived Assets with Finite Lives The Company reviews long‑lived assets with finite lives for impairment on an asset group level whenever events or changes in circumstances indicate that the carrying amount of a long‑lived asset may not be recoverable. An asset is considered to be impaired when its carrying amount exceeds both the sum of the undiscounted future net cash flows expected to result from the use of the asset and its eventual disposition and the assets’ fair value. Long‑lived assets include property and equipment and finite‑lived intangible assets. The amount of impairment loss, if any, is charged by the Company to current operations. Indefinite‑Lived Intangible Assets The Company accounts for intangible assets in accordance with accounting guidance that requires that intangible assets with indefinite useful lives be tested annually for impairment and more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company’s annual impairment testing is conducted in the fourth quarter of every year. The Company tests indefinite‑lived intangible assets for impairment by comparing the asset’s fair value to its carrying amount. If the fair value is less than the carrying amount, the excess of the carrying amount over fair value is recognized as an impairment charge and the adjusted carrying amount becomes the assets’ new cost basis. Management also evaluates the remaining useful life of an intangible asset that is not being amortized each reporting period to determine whether events and circumstances continue to support an indefinite useful life. If an intangible asset that is not being amortized is subsequently determined to have a finite useful life, it is amortized prospectively over its estimated remaining useful life. Fair Value Measurements The Company follows ASC 820, “Fair Value Measurements and Disclosures” which includes a framework for measuring fair value and expanded related disclosures. Broadly, the framework requires fair value to be determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The standard established a three‑level valuation hierarchy based upon observable and non‑observable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs. These two types of inputs create the following fair value hierarchy: Level 1—Quoted prices for identical instruments in active markets. Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model‑derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3—Significant inputs to the valuation model are unobservable. The Company maintains policies and procedures to value instruments using the best and most relevant data available. In addition, the Company utilizes third party specialists that review valuation, including independent price validation. The Company’s financial instruments include cash and cash equivalents, accounts and notes receivable, accounts payable, accrued expenses, and short and long-term borrowings. Because of their short maturity, the carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, and accrued expenses approximate fair value. The carrying value of the Company’s debt approximates fair value since the stated rate is similar to rates currently available to the Company for debt with similar terms and remaining maturities. The Company’s assets measured at fair value on a nonrecurring basis include long-lived assets and finite-lived intangibles. The Company tests its indefinite-lived assets for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value may not be recoverable or that the carrying value may exceed its fair value. The resulting fair value measurements are considered to be Level 3 inputs. Income taxes Income taxes are computed using the asset and liability method of accounting. Under the asset and liability method, a deferred tax asset or liability is recognized for estimated future tax effects attributable to temporary differences and carryforwards. The measurement of deferred income tax assets is adjusted by a valuation allowance, if necessary, to recognize future tax benefits only to the extent, based on available evidence, it is more likely than not that such benefits will be realized. Deferred income tax assets are recorded on a net basis as a long term asset. The Company follows the applicable guidance relative to uncertain tax positions. This standard provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Uncertain tax positions must meet a recognition threshold of more-likely-than-not in order for those tax positions to be recognized in the financial statements. Translation of Foreign Currencies The assets and liabilities of the Company’s European, Canadian, Israeli, and Asian operations, each of which uses its local currency as their functional currency, have been translated into U.S. dollars at year-end exchange rates and the income and expense accounts of these subsidiaries have been translated at average rates prevailing during each respective year. Resulting translation adjustments are made to a separate component of stockholders’ equity within accumulated other comprehensive loss. Foreign exchange transaction gains and losses are included in the accompanying consolidated statements of operations. Shipping Costs Shipping costs to customers are included in selling expenses and amounted to approximately $3,509 and $2,045 for the fiscal years ended December 28, 2019 and December 29, 2018, respectively. Advertising Costs The Company charges advertising costs to selling expense as incurred. Advertising expense, which consists primarily of promotional and cooperative advertising allowances provided to customers, was approximately $10,379 and $9,555 for the fiscal years ended December 28, 2019 and December 29, 2018, respectively. Segment Information Operating segments are identified as components of an enterprise about which separate, discrete financial information is available for evaluation by the chief operating decision-maker, or decision-making group, in making decisions on how to allocate resources and assess performance. The Company views its operations and manages its business as one operating segment utilizing an omni-channel distribution strategy. Net Loss Per Share Basic earnings per share is calculated by dividing net loss for the period by the weighted average number of common stock outstanding during the period. Diluted loss per share for the Company is computed by dividing net loss by the dilutive weighted average shares outstanding which includes: the dilutive impact (using the “treasury stock” method) of “in the money” stock options and unvested restricted shares issued to employees. Options to purchase 101,320 and 123,114 shares of the Company’s common stock and 22,392 and 30,220 of restricted shares were not included in the calculation, due to the fact that these instruments were anti‑dilutive for the fiscal years ended December 28, 2019 and December 29, 2018, respectively. New Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize most leases on their balance sheet as a right-of-use asset and a lease liability. Leases are classified as either operating or finance, and classification is based on criteria similar to past lease accounting, but without explicit bright lines. In July 2018, the FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases” (“ASU 2018-10”), which provides narrow amendments to clarify how to apply certain aspects of the new lease standard, and ASU No. 2018-11, “Leases (Topic 842)—Targeted Improvements” (ASU 2018-11), which addresses implementation issues related to the new lease standard. The guidance became effective for annual reporting periods beginning after December 15, 2018 and interim periods within those fiscal years. The Company adopted the standard on the effective date of December 30, 2018 by applying the new lease requirements at the effective date. The Company also elected the package of practical expedients permitted under the transition guidance within the new standard, which, among other things, allows the Company to carry forward the historical lease classification. The impact of the adoption of ASC 842 -Leases ("ASC 842") on the consolidated balance sheet on the date of adoption was an increase of $6,411 in assets and an increase of $7,037 of liabilities for the recognition of right-of-use assets and lease liabilities. The adoption of ASC 842 was immaterial to the consolidated results of operations and cash flows. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and a subsequent amendment to the initial guidance, ASU 2018-19 Codification Improvements to Topic 325, Financial Instruments-Credit Losses (collectively, Topic 326). Topic 326 requires measurement and recognition of expected credit losses for financial assets held, which include, but are not limited to, trade and other receivables. The new standard is effective for fiscal years beginning after December, 15, 2022. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements. 2020 Plan The Company believes that its existing plan will generate sufficient cash which, along with its existing cash and availability under its facilities, will enable it to fund operations through at least the next 12months. However, should the Company require additional cash, the Company would identify other cost reductions or seek additional resources.

REVENUE

REVENUE	12 Months Ended
	Dec. 28, 2019
REVENUE
REVENUE	2. REVENUE Disaggregation of Revenue The Company’s revenue is primarily from distinct fixed-price product sales in the juvenile product market, to similar customers and channels utilizing similar types of contracts that are short term in nature (less than one year). The Company does not sell service agreements or goods over a period of time and does not sell or utilize customer financing arrangements or time-and-material contracts. The following is a table that presents net sales by geographical area: For the fiscal year ended December 28, December 29, 2019 2018 United States $ $ 145,534 All Other 28,085 $ $ 173,619 All Other consists of Canada, Europe, South America, Mexico, Asia, and the Middle East. Contract Balances The Company does not have any contract assets such as work-in-process or contract liabilities such as customer advances. All trade receivables on the Company’s consolidated balance sheet are from contracts with customers. Contract Costs Costs incurred to obtain a contract are capitalized unless short term in nature. As a practical expedient, costs to obtain a contract that are short term in nature are expensed as incurred. All contract costs incurred in 2019 fall under the provisions of the practical expedient and have therefore been expensed.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 28, 2019
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	3. PROPERTY AND EQUIPMENT Property and equipment, at cost, consisted of the following: For the fiscal year ended December 28, December 29, Depreciation/ 2019 2018 Amortization Period Computer-related $ $ 4,556 5 years Tools, dies, prototypes, and molds 28,361 1 - 5 years Building 4,156 30 years Other 7,148 1 - 15 years 44,221 Less: accumulated depreciation 34,536 Property and equipment, net $ $ 9,685 Property and equipment included amounts acquired under capital leases of approximately $589 and $589 at December 28, 2019 and December 29, 2018, respectively, with related accumulated depreciation of approximately $115 and $31, respectively. Total depreciation expense was $2,982 and $3,436 for the fiscal years ended December 28, 2019 and December 29, 2018, respectively.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 28, 2019
INTANGIBLE ASSETS
INTANGIBLE ASSETS	4. INTANGIBLE ASSETS Intangible assets consisted of the following: For the fiscal year ended December 28, December 29, 2019 2018 Brand names $ $ 11,819 Patents and licenses 3,766 Customer relationships 6,946 Other intangibles 1,882 24,413 Less: accumulated amortization (11,113) Intangible assets, net $ $ 13,300 The amortization period for the majority of the intangible assets ranges from 5 to 20 years for those assets that have an estimated life; certain assets have indefinite lives (a brand name). Total of intangibles not subject to amortization amounted to $8,400 for the fiscal years ended December 28, 2019 and December 29, 2018. Amortization expense amounted to $738 and $746 for the fiscal years ended December 28, 2019 and December 29, 2018, respectively. The Company performed its annual indefinite-lived intangible asset impairment analysis in the fourth fiscal quarter. No asset impairment was recorded for the fiscal years ended December 28, 2019 and December 29, 2018. Estimated amortization expense for the remaining definite-lived assets for the next five years is as follows: Fiscal Year ending 2020 2021 2022 2023 2024

DEBT

DEBT	12 Months Ended
	Dec. 28, 2019
DEBT
DEBT	5. DEBT Bank of America Credit Facility. On June 28, 2018, the Company and Summer Infant (USA), Inc., as borrowers, entered into a Second Amended and Restated Loan and Security Agreement with Bank of America, N.A., as agent, the financial institutions party to the agreement from time to time as lenders, and certain subsidiaries of the Company as guarantors (as amended, the “Restated BofA Agreement”). The Restated BofA Agreement replaced the Company’s prior credit facility with Bank of America, and provided for an asset-based revolving credit facility, with a $5,000 letter of credit sub-line facility. Total revolver commitments under the credit facility were $60,000 as of December 28, 2019, and were reduced to $48,000 as of March 10, 2020. The total borrowing capacity is based on a borrowing base, which is defined as 85% of eligible receivables plus the lesser of (i) 70% of the value of eligible inventory or (ii) 85% of the net orderly liquidation value of eligible inventory, less applicable reserves. The scheduled maturity date of loans under the Restated BofA Agreement is June 28, 2023 (subject to customary early termination provisions). The Restated BofA Agreement was amended on March 25, 2019 and November 1, 2019 to, among other things, (i) modify certain definitions, (ii) increase the applicable margins on base rate and LIBOR revolver loans by 50 basis points, (iii) modify the definition of Financial Covenant Trigger Amount; and (iv) require that the Company engage a financial advisor to assist with providing a weekly, 13-week cash flow forecast. Subsequent to fiscal year end, on January 17, 2020 and March 10, 2020, the Company entered into further amendments to the Restated BofA Agreement. See Note 12 for information regarding these amendments. All obligations under the Restated BofA Agreement are secured by substantially all the assets of the Company, including a first priority lien on accounts receivable and inventory and a junior lien on certain assets subject to the term loan lender’s first priority lien described below. Summer Infant Canada Limited and Summer Infant Europe Limited, subsidiaries of the Company, are guarantors under the Restated BofA Agreement. Proceeds from the loans were used to satisfy existing debt, pay fees and transaction expenses associated with the closing of the Restated BofA Agreement and may be used to pay obligations under the Restated BofA Agreement, and for lawful corporate purposes, including working capital. Loans under the Restated BofA Agreement bear interest, at the Company’s option, at a base rate or at LIBOR, plus applicable margins based on average quarterly availability under the Restated BofA Agreement. Interest payments are due monthly, payable in arrears. The Company is also required to pay an annual non-use fee on unused amounts, as well as other customary fees as are set forth in the Restated BofA Agreement. The Restated BofA Agreement contains customary affirmative and negative covenants and financial covenants. Among other restrictions, the Company is restricted in its ability to incur additional debt, make acquisitions or investments, dispose of assets, or make distributions unless in each case certain conditions are satisfied. Through the end of fiscal 2020, the Company is required to achieve (i) a minimum net sales amount for each three consecutive months, measured at the end of each month, and (ii) a trailing 12-month minimum adjusted EBITDA amount, measured at the end of each month. In addition, if availability falls below a specified amount, a springing covenant would be in effect requiring the Company to maintain a fixed charge coverage ratio at the end of each fiscal month of at least 1.0 to 1.0 for the twelve-month period then ended. The Restated BofA Agreement also contains customary events of default, including a cross default with the Term Loan Agreement and the occurrence of a change of control. In the event of a default, the lenders may declare all of the obligations of the Company and its subsidiaries under the Restated BofA Agreement immediately due and payable. For events of default relating to insolvency and receivership, all outstanding obligations automatically become due and payable without any action on the part of the lenders. As of December 28, 2019, under the Restated BofA Agreement, the rate on base-rate loans was 6.50% and the rate on LIBOR-rate loans was 4.625%. The amount outstanding on the Restated BofA Agreement at December 28, 2019 was $32,226. Total borrowing capacity at December 28, 2019 was $39,109 and borrowing availability was $6,883. Prior to entering into the Restated BofA Agreement, the Company and Summer Infant (USA), Inc. were parties to an amended and restated loan and security agreement with Bank of America, N.A., as agent, which provided for an asset-based credit facility (the “Prior Credit Facility”). The Prior Credit Facility consisted of a $60,000 asset-based revolving credit facility, with a $10,000 letter of credit sub-line facility (the “Revolving Facility”), a $5,000 “first in last out” revolving credit facility (the “FILO Facility”) and a $10,000 term loan facility (the “Term Loan Facility”). The total borrowing capacity under the Revolving Facility was based on a borrowing base, generally defined as 85% of the value of eligible accounts plus the lesser of (i) 70% of the value of eligible inventory or (ii) 85% of the net orderly liquidation value of eligible inventory, less reserves. The total borrowing capacity under the FILO Facility was based on a borrowing base, generally defined as a specified percentage of the value of eligible accounts that steps down over time, plus a specified percentage of the value of eligible inventory that stepped down over time. As noted above, all obligations under the Revolving Facility and Term Loan Facility were repaid in connection with the Restated BofA Agreement and Term Loan Agreement described below. Loans under the FILO Facility were repaid on April 21, 2018. Term Loan Agreement. On June 28, 2018, the Company and Summer Infant (USA), Inc., as borrowers, entered into a Term Loan and Security Agreement (as amended, the “Term Loan Agreement”) with Pathlight Capital LLC, as agent, each lender from time to time a party to the Term Loan Agreement, and certain subsidiaries of the Company as guarantors, providing for a $17,500 term loan (the “Term Loan”). Proceeds from the Term Loan were used to satisfy existing debt, pay fees and transaction expenses associated with the closing of the Term Loan and may be used to pay obligations under the Term Loan Agreement, and for lawful corporate purposes, including working capital. The Term Loan is secured by a lien on certain assets of the Company, including a first priority lien on intellectual property, machinery and equipment, and a pledge of (i) 100% of the ownership interests of domestic subsidiaries and (ii) 65% of the ownership interests in certain foreign subsidiaries of the Company, and a junior lien on certain assets subject to the liens under the Restated BofA Agreement described above. The Term Loan matures on June 28, 2023. Summer Infant Canada Limited and Summer Infant Europe Limited, subsidiaries of the Company, are guarantors under the Term Loan Agreement. The Term Loan Agreement was amended on March 25, 2019 and November 1, 2019 to, among other things, (i) amend certain definitions to be consistent with the Restated BofA Agreement, (ii) amend the definition of IP Advance Rate Reduction; and (iii) consistent with the Restated BofA Agreement, require that the Company engage a financial advisor to assist with providing a weekly, 13-week cash flow forecast. Subsequent to fiscal year end, on January 17, 2020 and March 10, 2020, the Company entered into further amendments to the Term Loan Agreement was further amended. See Note 12 for information regarding these amendments. The principal of the Term Loan is being repaid, on a quarterly basis, in installments of $219, with the first installment having been paid on December 1, 2018, until paid in full on termination, provided that, in connection with the recent amendments to the Term Loan Agreement, principal payments for March, June and September 2020 have been suspended, and such payments will resume effective March 2021. The Term Loan bears interest at an annual rate equal to LIBOR, plus 9.0%. Interest payments are due monthly, in arrears. In addition, in connection with the recent amendments to the Term Loan Agreement, the term loan began to accrue PIK (payment in kind) interest at an annual rate of 4.0% in March 2020, which interest will become payable upon the earlier to occur of (i) the repayment of the term loan in full, (ii) a sale or merger of the Company, (iii) the occurrence of default or event of default under the Term Loan Agreement, or (iv) the Company achieving adjusted EBITDA of $12 million (calculated on a trailing, 12-month basis). If, and only if, the PIK interest becomes due and payable as a result of the Company achieving the adjusted EBITDA event noted in clause (iv), then the Company will pay all PIK interest then due and thereafter, PIK interest will continue to accrue and be paid on each subsequent anniversary of such event. Obligations under the Term Loan Agreement are also subject to restrictions on prepayment and a prepayment penalty if the Term Loan is repaid prior to the third anniversary of the closing of the Term Loan. The Term Loan Agreement contains customary affirmative and negative covenants and financial covenants that are substantially the same as the Restated BofA Agreement. Through the end of fiscal 2020, the Company is required to achieve (i) a minimum net sales amount for each three consecutive months, measured at the end of each month, and (ii) a trailing 12-month minimum adjusted EBITDA amount, measured at the end of each month. In addition, if availability falls below a specified amount, then the Company must maintain a fixed charge coverage ratio at the end of each fiscal month of at least 1.0 to 1.0 for the twelve-month period then ended. The Term Loan Agreement also contains events of default, including a cross default with the Restated BofA Agreement or the occurrence of a change of control. In the event of a default, the lenders may declare all of the obligations of the Company and its subsidiaries under the Term Loan Agreement immediately due and payable. For events of default relating to insolvency and receivership, all outstanding obligations automatically become due and payable without any action on the part of the lenders. As of December 28, 2019, the interest rate on the Term Loan was 10.91%. The amount outstanding on the Term Loan at December 28, 2019 was $16,406. The Restated BofA Agreement and the Term Loan Agreement were evaluated to determine the proper accounting treatment for the refinancing transaction as of June 28, 2018. Accordingly, debt extinguishment accounting was used to account for the prepayment of the prior term loan facility and to prepay two members of the lender group for the prior credit facility with Bank of America that did not continue in the second amended and restated credit facility, resulting in the write off of $518 in remaining unamortized deferred financing costs for the twelve months ended December 29, 2018. Debt modification accounting was used for the remaining member of the lender group for the prior credit facility, resulting in remaining unamortized deferred financing costs of $675 and the new financing costs of $1,958 to be capitalized and amortized over the life of the new credit facility. Aggregate maturities of bank debt related to the Restated BofA Agreement and the Term Loan Agreement: Fiscal Year ending: 2020 2021 2022 2023 Total $ Unamortized debt issuance costs were $2,398 at December 28, 2019 and $2,395 at December 29, 2018, and are presented as a direct deduction of long-term debt on the consolidated balance sheets. Sale‑Leaseback On March 24, 2009, Summer Infant (USA), Inc., (“Summer USA”) the Company’s wholly owned subsidiary, entered into a definitive agreement with Faith Realty II, LLC, a Rhode Island limited liability company (“Faith Realty”) (the owner of which is Jason Macari, the former Chief Executive Officer, former director of the Company, and current investor), pursuant to which Faith Realty purchased the corporate headquarters of the Company located at 1275 Park East Drive, Woonsocket, Rhode Island (the “Headquarters”), for $4,052 and subsequently leased the Headquarters back to Summer USA for an annual rent of $390 during the initial seven year term of the lease, payable monthly and in advance. The original lease was to expire on the seventh anniversary of its commencement. Mr. Macari had given a personal guarantee to secure the Faith Realty debt on its mortgage; therefore, due to his continuing involvement in the building transaction, the transaction had been recorded as a financing lease, with no gain recognition. On February 25, 2009, the Company’s Board of Directors (with Mr. Macari abstaining from such action) approved the sale leaseback transaction. In connection therewith, the Board of Directors granted a potential waiver, to the extent necessary, if at all, of the conflict of interest provisions of the Company’s Code of Ethics, effective upon execution of definitive agreements within the parameters approved by the Board. In connection with granting such potential waiver, the Board of Directors engaged independent counsel to review the sale leaseback transaction and an independent appraiser to ascertain (i) the value of the Headquarters and (ii) the market rent for the Headquarters. In reaching its conclusion that the sale leaseback transaction is fair to the Company, the Board of Directors considered a number of factors, including Summer USA’s ability to repurchase the headquarters at 110% of the initial sale price at the end of the initial term. The Company’s Audit Committee approved the sale leaseback transaction (as a related party transaction) and the potential waiver and recommended the matter to a vote of the entire Board of Directors (which approved the transaction). On May 13, 2015, Summer USA entered into an amendment (the “Amendment”) to its lease dated March 24, 2009 (the “Lease”) with Faith Realty (the “Landlord”). Pursuant to the Amendment, (i) the initial term of the Lease was extended for two additional years, such that the initial term would end on March 31, 2018, and the term of the Lease could be extended at Summer USA’s election for one additional term of three years (rather than five years) upon twelve months’ prior notice, (ii) the annual rent for the last two years of the newly amended initial term was set at $429 and the annual rent for the extension period, if elected, was set at $468 and (iii) the Landlord agreed to provide an aggregate improvement allowance of not more than $78 for the newly amended initial term, to be applied against Summer USA’s monthly rent, and an additional improvement allowance of $234 for the extension term, if elected, to be applied against Summer USA’s monthly rent during such extension term. The Amendment was reviewed and approved by the audit committee because it was a related party transaction. On January 22, 2018, Summer USA entered into a second amendment (the “Second Amendment”) to the Lease. Pursuant to the Second Amendment, (i) the term of the Lease was extended to March 31, 2021, with no further rights of extension, (ii) the annual rent for the last three years of the newly amended term was set at $468, (iii) Summer USA no longer has the option to purchase the property subject to the Lease and (iv) the Landlord and Summer USA agreed to certain expenses, repairs and modifications to the property that is subject to the Lease. The Second Amendment was reviewed and approved by the audit committee because it was a related party transaction. At December 28, 2019, approximately $441 of the lease obligation was included in accrued expenses, with the balance of approximately $2,000 included in other liabilities, in the accompanying consolidated balance sheet. This obligation is reduced each month (along with a charge to interest expense) as the rent payment is made to Faith Realty. Approximate future minimum sale-leaseback payments due under the lease is as follows: Fiscal Year Ending: 2020 2021 Total $

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 28, 2019
INCOME TAXES
INCOME TAXES	6. INCOME TAXES In December 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”) that significantly revised the U.S. tax code effective January 1, 2018 by, among other things, lowering the corporate income tax rate from a top marginal rate of 35% to a flat 21%, limiting deductibility of interest expense and performance based incentive compensation and implementing a territorial tax system. As a result of the Tax Act in the fiscal year ending December 28, 2019 and December 29, 2018 the Company had non-deductible interest for tax purposes resulting in a deferred tax asset in the amount of $1,880 and $933 respectively. The Company recorded a valuation allowance on the value of this deferred tax asset until such time as it becomes more likely than not that this asset will be recognized. The provision (benefit) for income taxes is summarized as follows: Fiscal 2019 Fiscal 2018 Current: Federal $ — $ — Foreign — (382) State and local 11 Total current (371) Deferred: Federal $ $ 114 Foreign (109) State and local (198) Total deferred (193) Total provision (benefit) $ $ (564) The tax effects of temporary differences that comprise the deferred tax liabilities and assets are as follows: December 28, December 29, 2019 2018 Deferred tax assets: Accounts receivable $ 53 $ 43 Inventory and Unicap reserve 506 492 Interest deduction limitation 1,880 933 Lease Liability and accrued expenses 1,093 — Research and development credit 2,547 3,059 Foreign tax credit 795 795 Net operating loss carry-forward 2,256 2,699 Total deferred tax assets 9,130 8,021 Deferred tax liabilities: Intangible assets and other (2,099) (1,834) ROU Assets and deferred rent (1,036) — Property, plant and equipment (54) (42) Total deferred tax liabilities (3,189) (1,876) Valuation allowance (4,945) (4,018) Deferred tax liabilities and valuation allowance (8,134) (5,894) Net deferred income tax asset $ 996 $ 2,127 The following reconciles the benefit for income taxes at the U.S. federal income tax statutory rate to the benefit in the consolidated financial statements: Fiscal 2019 Fiscal 2018 Tax benefit at statutory rate $ $ (1,014) State income taxes, net of U.S. federal income tax benefit (147) Adjustment to uncertain tax position — (325) Stock options 46 Foreign tax rate differential 108 Tax credits (515) Non-deductible expenses 158 Expiration of unexercised stock options — Increase in valuation allowance 1,229 Other (104) Total benefit $ $ (564) As of December 28, 2019, the Company had approximately $2,955 of US federal and state net operating loss carry forwards (or “NOLs”) to offset future federal taxable income. The federal NOL will begin to expire in 2031 and the state NOL began to expire in 2019. As of December 28, 2019, the Company had approximately $874, $322, $2,871, $489, and $1,753 of NOLs in Canada, Australia, Israel, Asia, and the United Kingdom, respectively, which can be carried forward indefinitely. Authoritative guidance requires a valuation allowance to reduce the deferred tax assets reported, if based on the weight of the evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. After consideration of all evidence, including the Company’s past earnings history and future earnings forecast, management determined that a valuation allowance in the amount of $2,270 at December 28, 2019 and $2,290 at December 29, 2018 relating to certain state tax credits and foreign NOLs was necessary. Due to the Tax Act, the Company determined a valuation allowance in the amount of $2,675 at December 28, 2019 and $1,728 at December 29, 2018 relating to interest deduction limitations and foreign tax credits was necessary. A summary of the Company’s adjustment to its uncertain tax positions in fiscal years ended December 28, 2019 and December 29, 2018 is set forth below: December 28, December 29, 2019 2018 Balance, at beginning of the year $ — $ 325 Decrease for lapses of statute of limitations — (325) Balance, at end of year $ — $ — The unrecognized tax benefits mentioned above included an aggregate of $65 of accrued interest and penalty balances related to uncertain tax positions. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. The entire balance of $325 was reversed as of the year-ended December 29, 2018 due to lapse of statute of limitations. The Company is subject to U.S. federal income tax, as well as to income tax of multiple state and foreign tax jurisdictions. On a global basis, the open tax years subject to examination by major taxing jurisdictions in which the Company operates is between two to six years.

SHARE BASED COMPENSATION

SHARE BASED COMPENSATION	12 Months Ended
	Dec. 28, 2019
SHARE BASED COMPENSATION
SHARE BASED COMPENSATION	7. SHARE BASED COMPENSATION The Company is currently authorized to issue up to 188,889 shares for equity awards under the Company's 2012 Incentive Compensation Plan (as amended, “2012 Plan”). Periodically, the Company may also grant equity awards outside of its 2012 Plan as inducement grants for new hires. The Company was authorized to issue up to 333,334 shares for equity awards under its 2006 Performance Equity Plan (“2006 Plan”). In March 2017, the 2006 Plan expired and no additional equity awards can be granted under the 2006 Plan. Under the 2012 Plan, awards may be granted to participants in the form of non-qualified stock options, incentive stock options, restricted stock, deferred stock, restricted stock units and other stock-based awards. Subject to the provisions of the plans, awards may be granted to employees, officers, directors, advisors and consultants who are deemed to have rendered or are able to render significant services to the Company or its subsidiaries and who are deemed to have contributed or to have the potential to contribute to the Company’s success. The Company accounts for options under the fair value recognition standard. The application of this standard resulted in share-based compensation expense for the twelve months ended December 28, 2019 and December 29, 2018 of $319 and $523, respectively. Share based compensation expense is included in selling, general and administrative expenses. As of December 28, 2019, there are 71,468 shares available to grant under the 2012 Plan. Stock Options The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions noted in the table below. The Company uses the simplified method to estimate the expected term of the options for grants of “plain vanilla” stock options as prescribed by the Securities and Exchange Commission. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Share-based compensation expense recognized in the consolidated financial statements in fiscal 2019 and 2018 is based on awards that are ultimately expected to vest. The following table summarizes the weighted average assumptions used for options granted during the fiscal years ended December 28, 2019 and December 29, 2018. Fiscal Fiscal 2019 2018 Expected life (in years) 5.0 4.9 Risk-free interest rate 2.3 % 2.7 % Volatility 64.2 % 64.1 % Dividend yield 0.0 % 0.0 % Forfeiture rate 24.2 % 23.2 % The weighted‑average grant date fair value of options granted during the year ended December 28, 2019 was $3.42 per share. The weighted‑average grant date fair value of options granted during the year ended December 29, 2018 was $4.95 per share. A summary of the status of the Company’s options as of December 28, 2019 and changes during the year then ended is presented below: Number Of Weighted-Average Shares Exercise Price Outstanding at beginning of year 123,114 $ 18.00 Granted $ 6.30 Canceled or expired $ 19.08 Outstanding at end of year $ 14.31 Options exercisable at December 28, 2019 $ 18.36 Outstanding stock options vested and expected to vest as of December 28, 2019 is 87,771. The intrinsic value of options exercised totaled was $0 and $18 for the fiscal years ended December 28, 2019 and December 29, 2018, respectively. The following table summarizes information about stock options at December 28, 2019: Options Outstanding Options Exercisable Weighted Weighted Remaining Average Remaining Average Range of Number Contractual Exercise Number Contractual Exercise Exercise Prices Outstanding Life (years) Price Exercisable Life Price $3.52 - $9.00 9.0 $ 8.5 $ $9.01 - $13.50 7.8 $ 7.7 $ 11.07 $13.51 - $18.00 6.7 $ 6.6 $ 16.56 $18.01 - $32.00 5.4 $ 5.2 $ 24.66 $32.01 - $64.00 1.4 $ 1.4 $ 64.53 7.4 $ 6.5 $ 18.36 The aggregate intrinsic value of options outstanding and exercisable at December 28, 2019 and December 29, 2018 are $0, respectively. As of December 28, 2019, there was approximately $117 of unrecognized compensation cost related to non‑vested stock option awards, which is expected to be recognized over a remaining weighted‑average vesting period of 2.2 years. Restricted Stock Awards Restricted stock awards require no payment from the grantee. The related compensation cost of each award is calculated using the market price on the grant date and is expensed equally over the vesting period. A summary of restricted stock awards made in the year ended December 28, 2019, is as follows: Number of Grant Date Shares Fair Value Non-vested restricted stock awards as of December 29, 2018 30,220 $ 15.75 Granted $ 6.21 Vested and released $ 12.87 Forfeited $ 13.86 Non-vested restricted stock awards as of December 28, 2019 $ 10.80 As of December 28, 2019, there was approximately $121 of unrecognized compensation cost related to non‑vested stock compensation arrangements granted under the Company’s stock incentive plan for restricted stock awards. That cost is expected to be recognized over the next 2.2 years. As a subsequent event, on March 13, 2020, the Company completed a 1-for-9 reverse stock split reducing the outstanding common shares to 2,108,743. All of the above transactions occurred prior to the completion of the reverse stock split and, the issuances noted above had the effect of being divided by nine.

PROFIT SHARING PLAN

PROFIT SHARING PLAN	12 Months Ended
	Dec. 28, 2019
PROFIT SHARING PLAN
PROFIT SHARING PLAN	8. PROFIT SHARING PLAN Summer Infant (USA), Inc. maintains a defined contribution salary deferral plan under Section 401(k) of the Internal Revenue Code. All employees who meet the plan’s eligibility requirements can participate. Employees may elect to make contributions up to federal limitations. In 2007, the Company adopted a matching plan which was further amended in 2013, and which was funded throughout the year. For the years ended December 28, 2019 and December 29, 2018, the Company recorded 401(k) matching expense of $311 and $380, respectively.

MAJOR CUSTOMERS

MAJOR CUSTOMERS	12 Months Ended
	Dec. 28, 2019
MAJOR CUSTOMERS
MAJOR CUSTOMERS	9. MAJOR CUSTOMERS Sales to the Company’s top seven customers together comprised approximately 81% of our sales in fiscal 2019 and 77% of our sales in fiscal 2018. Of these customers, three generated more than 10% of sales for fiscal 2019: Amazon.com (26%), Walmart (25%), and Target (17%). In fiscal 2018, three customers generated more than 10% of sales: Amazon.com (23%), Walmart (23%), and Target (16%).

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 28, 2019
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES Leases The Company leases office space and distribution centers primarily related to its Riverside California, Canada, United Kingdom, and Hong Kong operations. In November 2019, the Company signed a new two-year lease agreement to continue occupying the same office space in Hong Kong. The agreement did not include any termination or extension options. In connection with these leases, there were no cash incentives from the landlord to be used for the construction of leasehold improvements within the facility. Our headquarters in Woonsocket, Rhode Island continues to be accounted for as a sale-leaseback lease. The Company identified and assessed the following significant assumptions in recognizing the right-of-use asset and corresponding liabilities: · Expected lease term— The expected lease term includes both contractual lease periods and, when applicable, cancelable option periods when it is reasonably certain that the Company would exercise such options. These leases have remaining lease terms between 1.75 and 3.5 years. The Canada lease has one 5-year extension option that has also not been included in the lease term. · Incremental borrowing rate —The Company’s lease agreements do not provide an implicit rate. As the Company does not have any external borrowings for comparable terms of its leases, the Company estimated the incremental borrowing rate based on secured borrowings available to the Company for the next 5 years. This is the rate the Company would have to pay if borrowing on a collateralized basis over a similar term in an amount equal to the lease payments in a similar economic environment. · Lease and non - lease components— In certain cases the Company is required to pay for certain additional charges for operating costs, including insurance, maintenance, taxes, and other costs incurred, which are billed based on both usage and as a percentage of the Company’s share of total square footage. The Company determined that these costs are non-lease components and they are not included in the calculation of the lease liabilities because they are variable. Payments for these variable, non-lease components are considered variable lease costs and are recognized in the period in which the costs are incurred. The components of the Company’s lease expense for the year ended December 28, 2019 were as follows: Year Ended December 28, 2019 Operating lease cost $ 2,499 Variable lease cost 1,152 Total lease expense $ 3,651 Weighted-average remaining lease term 2.1 years Weighted-average discount rate: 5.00 % Cash paid for amounts included in the measurement of the Company’s lease liabilities were $2,613 for the year ended December 28, 2019. As of December 28, 2019, the present value of maturities of the Company’s operating lease liabilities were as follows: Fiscal Year Ending: 2020 $ 2,690 2021 2,159 2022 321 2023 153 2024 0 Less imputed interest (282) Total $ 5,041 Prior to the adoption of ASU 2016-02 and for the year ended December 29, 2018, the Company recognized rent expense on a straight-line basis over the lease period and recorded deferred rent expense for rent expense incurred but not yet paid. The Company also recorded deferred rent attributable to cash incentives received under its lease agreements which are amortized to rent expense over the lease term. During the year ended December 29, 2018, the Company recognized rent expense of $2,736. Disclosures related to periods prior to adoption of the new lease standard: Under ASC 840 “Leases”, approximate future minimum rental payments due under these leases as of December 29, 2018 were as follows: Fiscal Year Ending: 2019 $ 2020 2021 2022 2023 and beyond Total (a) $ (a) Amounts exclude payments for sales‑leaseback transaction of the Woonsocket headquarters. Employment Contracts In accordance with applicable local law, Summer Infant Europe Limited is required to have employment contracts with all of its employees. In connection with these contracts, Summer Infant Europe Limited makes individual pension contributions to certain employees at varying rates from 1-7% of the employee’s annual salary, as part of their total compensation package. These pension contributions are expensed as incurred. There are no termination benefit provisions in these contracts. Litigation The Company is a party to routine litigation and administrative complaints incidental to its business. The Company does not believe that the resolution of any or all of such current routine litigation and administrative complaints is likely to have a material adverse effect on the Company’s financial condition or results of operations.

GEOGRAPHICAL INFORMATION

GEOGRAPHICAL INFORMATION	12 Months Ended
	Dec. 28, 2019
GEOGRAPHICAL INFORMATION
GEOGRAPHICAL INFORMATION	11. GEOGRAPHICAL INFORMATION The Company sells products throughout the United States, Canada, and the United Kingdom, and various other parts of the world. The Company does not disclose product line revenues as it is not practicable for the Company to do so. The following is a table that presents net revenue by geographic area: For the fiscal year ended December 28, December 29, 2019 2018 United States $ $ 145,534 All Other 28,085 $ $ 173,619 The following is a table that presents total assets by geographic area: December 28, December 29, 2019 2018 United States $ $ 82,631 All Other 11,585 $ $ 94,216 The following is a table that presents total long-lived assets by geographic area: December 28, December 29, 2019 2018 United States $ $ 23,165 All Other 2,044 $ $ 25,209

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 28, 2019
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	12. SUBSEQUENT EVENTS The Company has evaluated all events or transactions that occurred after December 28, 2019 through the date of this Annual Report on Form 10-K except as set forth herein Loan Amendments Following the end of the period covered by this report, the Company and Summer Infant (USA), Inc., as borrowers, entered into amendments to each of the Restated BofA Agreement and the Term Loan Agreement as described below. Please see Note 5 for additional information regarding the Restated BofA Agreement and the Term Loan Agreement. Amendments to Restated BofA Agreement. On January 17, 2020, the Company and Summer Infant (USA), Inc., as borrowers, entered into Amendment No. 3 to the Restated BofA Agreement (the “BofA Amendment No. 3”). BofA Amendment No. 3 amended the terms of the Restated BofA Agreement to, among other things, (a) modify the definition of Financial Covenant Trigger Amount so that the amount is $4,000 through February 29, 2020, and at any time thereafter, $5,000; and (ii) reduce the lenders’ aggregate revolver commitments to $50,000. On March 10, 2020, the Company and Summer Infant (USA), Inc., as borrowers, entered into Amendment No. 4 to the Restated BofA Agreement (the “BofA Amendment No. 4”). BofA Amendment No. 4 amended the terms of the Restated BofA Agreement to, among other things: (a) amend the definition of EBITDA to exclude fees and expenses paid to Winter Harbor and any investment bank retained by the Company; (b) modify the definition of Financial Covenant Trigger Amount so that the amount is (i) $3,000 through May 31, 2020, (ii) $3,500 from June 1 through June 30, 2020, (iii) $3,750 from July 1 through August 31, 2020, (iv) $4,000 from September 1 through September 30, 2020, (v) $4,250 from October 1 through October 31, 2020, (vi) $4,500 from November 1 through November 30, 2020, and (vii) $5,000 at any time from and after December 1, 2020; (c) reduce the lenders’ aggregate revolver commitments to $48,000; (d) require that the Company meet certain minimum net sales amounts for each period of three consecutive fiscal months through the three-month period ending December 31, 2020; (e) require that the Company meet a certain minimum EBITDA (as defined in the Restated BofA Agreement) as of the end of each fiscal month, calculated on a trailing 12-month period; (f) increase the applicable margin and applicable unused line fee rate; and (g) modify certain reporting requirements. Amendment to Term Loan Agreement. On January 17, 2020, the Company and Summer Infant (USA), Inc., as borrowers, entered into Amendment No. 3 to the Term Loan Agreement (the “Term Loan Amendment No. 3”). Term Loan Amendment No.3 amended the terms of the Term Loan Agreement to, among other things, (a) modify the definition of Financial Covenant Trigger Amount to be consistent with the BofA Amendment and (ii) modify the definition of IP Advance Rate Reduction to provide that the amount of reduction will be 5.0 percentage points through February 29, 2020, and at any time thereafter, 10.0 percentage points On March 10, 2020, the Company and Summer Infant (USA), Inc., as borrowers, entered into Amendment No. 4 to the Term Loan Agreement (the “Term Loan Amendment No. 4”). Term Loan Amendment No. 4 amended the terms of the Term Loan Agreement to, among other things, (a) amend the definition of Term Loan Borrowing Base to deduct a specified equipment reserve amount from the calculation of the borrowing base; (b) amend the definitions of EBITDA and Financial Covenant Trigger Amount consistent with BofA Amendment No. 4; (c) modify the definition of IP Advance Rate to be 55%, provided that such rate shall be reduced by 1.0% per month on and after the earlier of (i) the due date of the Company’s borrowing base certificate for September 2020 and (ii) the date such borrowing base certificate is delivered; (d) suspend principal payments on the term loan for 2020, such payments to resume in March 2021; (e) require that the Company meet certain financial covenants, consistent with BofA Amendment No. 4; and (f) modify certain reporting requirements, consistent with BofA Amendment No. 4. In addition, pursuant to Term Loan Amendment No. 4, beginning on March 10, 2020, the term loan will begin to bear additional interest, to be paid in kind (“PIK interest”) at annual rate of 4.0%, such PIK interest to be payable upon the earliest to occur of (i) the sale or merger of the Company, (ii) the repayment in full of the term loan and termination of commitments, (iii) the occurrence of a default or event of default under the Term Loan Agreement, (iv) the Company achieving adjusted EBITDA of $12.0 million (calculated on a trailing 12-month basis). If PIK interest becomes due and payable as a result of the Company achieving adjusted EBITDA event described in clause (iv), then the Company shall pay all outstanding PIK interest accrued as of such date and PIK interest shall continue to accrue thereafter and be paid on each subsequent anniversary of such event. Reverse Stock Split The Company filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-9 reverse stock split of the Company’s issued and outstanding shares of common stock, effective following the close of business on March 13, 2020. Unless otherwise indicated, the financial statements and accompanying notes give effect to the 1-for-9 reverse stock split as if it occurred at the first period presented.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 28, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Revenue Recognition	Revenue Recognition As of December 31, 2017, the Company adopted FASB ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"). The guidance sets forth a new five-step revenue recognition model which replaces the prior revenue recognition guidance in its entirety and is intended to eliminate numerous industry-specific pieces of revenue recognition guidance that have historically existed in U.S. GAAP. The underlying principle of the new standard is that a business or other organization will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects what it expects to receive in exchange for the goods or services. The standard also requires more detailed disclosures and provides additional guidance for transactions that were not addressed completely in the prior accounting guidance. The Company reviewed all contracts at the date of initial application and elected to use the modified retrospective transition method, where the cumulative effect of the initial application is recognized as an adjustment to opening retained earnings at December 31, 2017. The impact of the adoption was immaterial. Refer to Note 2 for additional information regarding the Company's adoption of ASC 606. The Company's principal activities from which it generates its revenue is product sales. The Company has one reportable segment of business. Revenue is measured based on consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation in a contract by transferring control over a product to a customer when product delivery occurs. Consideration is typically paid approximately 60 days from the time control is transferred. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in selling costs. A performance obligation is a promise in a contract to transfer a distinct product to the customer, which for the Company is transfer of juvenile products to its customers. The transaction price of a contract is allocated to each distinct performance obligation and recognized as revenue when or as the customer receives the benefit of the performance obligation. A transaction price is the amount of consideration the Company expects to receive under the arrangement. The Company is required to estimate variable consideration (if any) and to factor that estimation into the determination of the transaction price. The Company conducts its business with customers through valid purchase or sales orders each of which is considered a separate contract because individual orders are not interdependent on one another. Product transaction prices on a purchase or sale order are discrete and stand-alone. Purchase or sales orders may be issued under either a customer master service agreement or a reseller allowance agreement. Purchase or sales orders, master service agreements, and reseller allowance agreements which are specific and unique to each customer, may include product price discounts, markdown allowances, return allowances, and/or volume rebates which reduce the consideration due from customers. Variable consideration is estimated using the most likely amount method, which is based on our historical experience as well as current information such as sales forecasts. Contracts may also include cooperative advertising arrangements where the Company allows a discount from invoiced product amounts in exchange for customer purchased advertising that features the Company's products. These allowances are generally based upon product purchases or specific advertising campaigns. Such allowances are accrued when the related revenue is recognized. These cooperative advertising arrangements provide a distinct benefit and fair value and are accounted for as direct selling expenses.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Accordingly, actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash flows, cash and cash equivalents include money market accounts and investments with an original maturity of three months or less. At times, the Company possesses cash balances in excess of federally-insured limits.
Trade Receivables	Trade Receivables Trade receivables are carried at their outstanding unpaid principal balances reduced by an allowance for doubtful accounts. The Company estimates doubtful accounts based on historical bad debts, factors related to specific customers’ ability to pay and current economic trends. The Company writes off accounts receivable against the allowance when a balance is determined to be uncollectible. Amounts are considered to be uncollectable based upon historical experience and management’s evaluation of outstanding accounts receivable. Changes in the allowance for doubtful accounts are as follows: For the fiscal year ended December 28, December 29, 2019 2018 Allowance for doubtful accounts, beginning of period $ 304 $ 1,622 Charges to costs and expenses 1,963 Account write-offs and other (3,281) Allowance for doubtful accounts, end of period $ $ 304
Inventory Valuation	Inventory Valuation Inventory is comprised mostly of finished goods and some component parts and is stated at the lower of cost using the first-in, first-out (FIFO) method, or net realizable value. The Company regularly reviews slow-moving and excess inventories, and writes down inventories to net realizable value if the ultimate expected net proceeds from the disposals of excess inventory are less than the carrying cost of the merchandise.
Leases	Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and lease liabilities in the Company’s consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As the Company’s leases do not provide an implicit rate, the Company’s uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The components of a lease should be split into three categories: lease components (e.g., land, building, etc.), non-lease components (e.g., common area maintenance, maintenance, consumables, etc.), and non-components (e.g., property taxes, insurance, etc.). Then the fixed and in-substance fixed contract consideration (including any related to non-components) must be allocated based on fair values to the lease components and non-lease components. Although separation of lease and non-lease components is required, certain practical expedients are available to entities. Entities electing the practical expedient would not separate lease and non-lease components. Rather, they would account for each lease component and the related non-lease component together as a single component. The Company’s facilities operating leases have lease and non-lease components to which the Company has elected to apply the practical expedient and account for each lease component and related non-lease component as one single component. The lease component results in a ROU asset being recorded on the balance sheet. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. The Company owns the tools and molds used in the production of its products by third party manufacturers. Capitalized mold costs include costs incurred for the pre‑production design and development of the molds. Depreciation is provided over the estimated useful lives of the respective assets using the straight‑line method.
Long-Lived Assets with Finite Lives	Long‑Lived Assets with Finite Lives The Company reviews long‑lived assets with finite lives for impairment on an asset group level whenever events or changes in circumstances indicate that the carrying amount of a long‑lived asset may not be recoverable. An asset is considered to be impaired when its carrying amount exceeds both the sum of the undiscounted future net cash flows expected to result from the use of the asset and its eventual disposition and the assets’ fair value. Long‑lived assets include property and equipment and finite‑lived intangible assets. The amount of impairment loss, if any, is charged by the Company to current operations.
Indefinite-Lived Intangible Assets	Indefinite‑Lived Intangible Assets The Company accounts for intangible assets in accordance with accounting guidance that requires that intangible assets with indefinite useful lives be tested annually for impairment and more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company’s annual impairment testing is conducted in the fourth quarter of every year. The Company tests indefinite‑lived intangible assets for impairment by comparing the asset’s fair value to its carrying amount. If the fair value is less than the carrying amount, the excess of the carrying amount over fair value is recognized as an impairment charge and the adjusted carrying amount becomes the assets’ new cost basis. Management also evaluates the remaining useful life of an intangible asset that is not being amortized each reporting period to determine whether events and circumstances continue to support an indefinite useful life. If an intangible asset that is not being amortized is subsequently determined to have a finite useful life, it is amortized prospectively over its estimated remaining useful life.
Fair Value Measurements	Fair Value Measurements The Company follows ASC 820, “Fair Value Measurements and Disclosures” which includes a framework for measuring fair value and expanded related disclosures. Broadly, the framework requires fair value to be determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The standard established a three‑level valuation hierarchy based upon observable and non‑observable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs. These two types of inputs create the following fair value hierarchy: Level 1—Quoted prices for identical instruments in active markets. Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model‑derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3—Significant inputs to the valuation model are unobservable. The Company maintains policies and procedures to value instruments using the best and most relevant data available. In addition, the Company utilizes third party specialists that review valuation, including independent price validation. The Company’s financial instruments include cash and cash equivalents, accounts and notes receivable, accounts payable, accrued expenses, and short and long-term borrowings. Because of their short maturity, the carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, and accrued expenses approximate fair value. The carrying value of the Company’s debt approximates fair value since the stated rate is similar to rates currently available to the Company for debt with similar terms and remaining maturities. The Company’s assets measured at fair value on a nonrecurring basis include long-lived assets and finite-lived intangibles. The Company tests its indefinite-lived assets for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value may not be recoverable or that the carrying value may exceed its fair value. The resulting fair value measurements are considered to be Level 3 inputs.
Income Taxes	Income taxes Income taxes are computed using the asset and liability method of accounting. Under the asset and liability method, a deferred tax asset or liability is recognized for estimated future tax effects attributable to temporary differences and carryforwards. The measurement of deferred income tax assets is adjusted by a valuation allowance, if necessary, to recognize future tax benefits only to the extent, based on available evidence, it is more likely than not that such benefits will be realized. Deferred income tax assets are recorded on a net basis as a long term asset. The Company follows the applicable guidance relative to uncertain tax positions. This standard provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Uncertain tax positions must meet a recognition threshold of more-likely-than-not in order for those tax positions to be recognized in the financial statements.
Translation of Foreign Currencies	Translation of Foreign Currencies The assets and liabilities of the Company’s European, Canadian, Israeli, and Asian operations, each of which uses its local currency as their functional currency, have been translated into U.S. dollars at year-end exchange rates and the income and expense accounts of these subsidiaries have been translated at average rates prevailing during each respective year. Resulting translation adjustments are made to a separate component of stockholders’ equity within accumulated other comprehensive loss. Foreign exchange transaction gains and losses are included in the accompanying consolidated statements of operations.
Shipping Costs	Shipping Costs Shipping costs to customers are included in selling expenses and amounted to approximately $3,509 and $2,045 for the fiscal years ended December 28, 2019 and December 29, 2018, respectively.
Advertising Costs	Advertising Costs The Company charges advertising costs to selling expense as incurred. Advertising expense, which consists primarily of promotional and cooperative advertising allowances provided to customers, was approximately $10,379 and $9,555 for the fiscal years ended December 28, 2019 and December 29, 2018, respectively.
Segment Information	Segment Information Operating segments are identified as components of an enterprise about which separate, discrete financial information is available for evaluation by the chief operating decision-maker, or decision-making group, in making decisions on how to allocate resources and assess performance. The Company views its operations and manages its business as one operating segment utilizing an omni-channel distribution strategy.
Net Loss Per Share	Net Loss Per Share Basic earnings per share is calculated by dividing net loss for the period by the weighted average number of common stock outstanding during the period. Diluted loss per share for the Company is computed by dividing net loss by the dilutive weighted average shares outstanding which includes: the dilutive impact (using the “treasury stock” method) of “in the money” stock options and unvested restricted shares issued to employees. Options to purchase 101,320 and 123,114 shares of the Company’s common stock and 22,392 and 30,220 of restricted shares were not included in the calculation, due to the fact that these instruments were anti‑dilutive for the fiscal years ended December 28, 2019 and December 29, 2018, respectively.
New Accounting Pronouncements	New Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize most leases on their balance sheet as a right-of-use asset and a lease liability. Leases are classified as either operating or finance, and classification is based on criteria similar to past lease accounting, but without explicit bright lines. In July 2018, the FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases” (“ASU 2018-10”), which provides narrow amendments to clarify how to apply certain aspects of the new lease standard, and ASU No. 2018-11, “Leases (Topic 842)—Targeted Improvements” (ASU 2018-11), which addresses implementation issues related to the new lease standard. The guidance became effective for annual reporting periods beginning after December 15, 2018 and interim periods within those fiscal years. The Company adopted the standard on the effective date of December 30, 2018 by applying the new lease requirements at the effective date. The Company also elected the package of practical expedients permitted under the transition guidance within the new standard, which, among other things, allows the Company to carry forward the historical lease classification. The impact of the adoption of ASC 842 -Leases ("ASC 842") on the consolidated balance sheet on the date of adoption was an increase of $6,411 in assets and an increase of $7,037 of liabilities for the recognition of right-of-use assets and lease liabilities. The adoption of ASC 842 was immaterial to the consolidated results of operations and cash flows. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and a subsequent amendment to the initial guidance, ASU 2018-19 Codification Improvements to Topic 325, Financial Instruments-Credit Losses (collectively, Topic 326). Topic 326 requires measurement and recognition of expected credit losses for financial assets held, which include, but are not limited to, trade and other receivables. The new standard is effective for fiscal years beginning after December, 15, 2022. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements. 2020 Plan The Company believes that its existing plan will generate sufficient cash which, along with its existing cash and availability under its facilities, will enable it to fund operations through at least the next 12months. However, should the Company require additional cash, the Company would identify other cost reductions or seek additional resources.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 28, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Summary of changes in the allowance for doubtful accounts	For the fiscal year ended December 28, December 29, 2019 2018 Allowance for doubtful accounts, beginning of period $ 304 $ 1,622 Charges to costs and expenses 1,963 Account write-offs and other (3,281) Allowance for doubtful accounts, end of period $ $ 304

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 28, 2019
REVENUE
Schedule of net sales by geographical area	For the fiscal year ended December 28, December 29, 2019 2018 United States $ $ 145,534 All Other 28,085 $ $ 173,619

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 28, 2019
PROPERTY AND EQUIPMENT
Schedule of property and equipment, at cost	For the fiscal year ended December 28, December 29, Depreciation/ 2019 2018 Amortization Period Computer-related $ $ 4,556 5 years Tools, dies, prototypes, and molds 28,361 1 - 5 years Building 4,156 30 years Other 7,148 1 - 15 years 44,221 Less: accumulated depreciation 34,536 Property and equipment, net $ $ 9,685

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 28, 2019
INTANGIBLE ASSETS
Schedule of intangible assets	For the fiscal year ended December 28, December 29, 2019 2018 Brand names $ $ 11,819 Patents and licenses 3,766 Customer relationships 6,946 Other intangibles 1,882 24,413 Less: accumulated amortization (11,113) Intangible assets, net $ $ 13,300
Schedule of estimated amortization expense for the next five years	Fiscal Year ending 2020 2021 2022 2023 2024

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 28, 2019
DEBT
Schedule of aggregate maturities of bank debt	Fiscal Year ending: 2020 2021 2022 2023 Total $
Schedule of approximate future minimum sale-leaseback payments	Fiscal Year Ending: 2020 2021 Total $

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 28, 2019
INCOME TAXES
Schedule of provision (benefit) for income taxes	Fiscal 2019 Fiscal 2018 Current: Federal $ — $ — Foreign — (382) State and local 11 Total current (371) Deferred: Federal $ $ 114 Foreign (109) State and local (198) Total deferred (193) Total provision (benefit) $ $ (564)
Schedule of tax effects of temporary differences that comprise the deferred tax liabilities and assets	December 28, December 29, 2019 2018 Deferred tax assets: Accounts receivable $ 53 $ 43 Inventory and Unicap reserve 506 492 Interest deduction limitation 1,880 933 Lease Liability and accrued expenses 1,093 — Research and development credit 2,547 3,059 Foreign tax credit 795 795 Net operating loss carry-forward 2,256 2,699 Total deferred tax assets 9,130 8,021 Deferred tax liabilities: Intangible assets and other (2,099) (1,834) ROU Assets and deferred rent (1,036) — Property, plant and equipment (54) (42) Total deferred tax liabilities (3,189) (1,876) Valuation allowance (4,945) (4,018) Deferred tax liabilities and valuation allowance (8,134) (5,894) Net deferred income tax asset $ 996 $ 2,127
Schedule of reconciliation of the benefit for income taxes at the U.S. federal income tax statutory rate to the benefit in the consolidated financial statements	Fiscal 2019 Fiscal 2018 Tax benefit at statutory rate $ $ (1,014) State income taxes, net of U.S. federal income tax benefit (147) Adjustment to uncertain tax position — (325) Stock options 46 Foreign tax rate differential 108 Tax credits (515) Non-deductible expenses 158 Expiration of unexercised stock options — Increase in valuation allowance 1,229 Other (104) Total benefit $ $ (564)
Schedule of the Company's adjustment to its uncertain tax positions	December 28, December 29, 2019 2018 Balance, at beginning of the year $ — $ 325 Decrease for lapses of statute of limitations — (325) Balance, at end of year $ — $ —

SHARE BASED COMPENSATION (Table

SHARE BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 28, 2019
SHARE BASED COMPENSATION
Summary of weighted average assumptions used for stock options granted	Fiscal Fiscal 2019 2018 Expected life (in years) 5.0 4.9 Risk-free interest rate 2.3 % 2.7 % Volatility 64.2 % 64.1 % Dividend yield 0.0 % 0.0 % Forfeiture rate 24.2 % 23.2 %
Summary of status of the Company's options and changes during the period	Number Of Weighted-Average Shares Exercise Price Outstanding at beginning of year 123,114 $ 18.00 Granted $ 6.30 Canceled or expired $ 19.08 Outstanding at end of year $ 14.31 Options exercisable at December 28, 2019 $ 18.36
Summary of stock options, by range of exercise prices	The following table summarizes information about stock options at December 28, 2019: Options Outstanding Options Exercisable Weighted Weighted Remaining Average Remaining Average Range of Number Contractual Exercise Number Contractual Exercise Exercise Prices Outstanding Life (years) Price Exercisable Life Price $3.52 - $9.00 9.0 $ 8.5 $ $9.01 - $13.50 7.8 $ 7.7 $ 11.07 $13.51 - $18.00 6.7 $ 6.6 $ 16.56 $18.01 - $32.00 5.4 $ 5.2 $ 24.66 $32.01 - $64.00 1.4 $ 1.4 $ 64.53 7.4 $ 6.5 $ 18.36
Schedule of non-vested activity - Restricted Stock Awards	Number of Grant Date Shares Fair Value Non-vested restricted stock awards as of December 29, 2018 30,220 $ 15.75 Granted $ 6.21 Vested and released $ 12.87 Forfeited $ 13.86 Non-vested restricted stock awards as of December 28, 2019 $ 10.80

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 28, 2019
COMMITMENTS AND CONTINGENCIES
Schedule of lease expense	The components of the Company’s lease expense for the year ended December 28, 2019 were as follows: Year Ended December 28, 2019 Operating lease cost $ 2,499 Variable lease cost 1,152 Total lease expense $ 3,651 Weighted-average remaining lease term 2.1 years Weighted-average discount rate: 5.00 %
Schedule of maturities of the operating lease liabilities	As of December 28, 2019, the present value of maturities of the Company’s operating lease liabilities were as follows: Fiscal Year Ending: 2020 $ 2,690 2021 2,159 2022 321 2023 153 2024 0 Less imputed interest (282) Total $ 5,041
Schedule of approximate future minimum rental payments due under leases (ASC 840 )	Under ASC 840 “Leases”, approximate future minimum rental payments due under these leases as of December 29, 2018 were as follows: Fiscal Year Ending: 2019 $ 2020 2021 2022 2023 and beyond Total (a) $ (a) Amounts exclude payments for sales‑leaseback transaction of the Woonsocket headquarters.

GEOGRAPHICAL INFORMATION (Table

GEOGRAPHICAL INFORMATION (Tables)	12 Months Ended
	Dec. 28, 2019
GEOGRAPHICAL INFORMATION
Schedule of net revenue by geographic area	For the fiscal year ended December 28, December 29, 2019 2018 United States $ $ 145,534 All Other 28,085 $ $ 173,619
Schedule of total assets by geographic area	December 28, December 29, 2019 2018 United States $ $ 82,631 All Other 11,585 $ $ 94,216
Schedule of total long lived assets by geographic area	December 28, December 29, 2019 2018 United States $ $ 23,165 All Other 2,044 $ $ 25,209

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition and Trade Receivables (Details) $ in Thousands	12 Months Ended
	Dec. 28, 2019USD ($)segment	Dec. 29, 2018USD ($)	Dec. 30, 2017USD ($)
Revenue Recognition
Number of reportable segments | segment	1
Days in accounts receivable	P60D
Changes in the allowance for doubtful accounts
Allowance for doubtful accounts, beginning of period	$ 304	$ 1,622
Charges to costs and expenses	316	1,963
Account write-offs and other	(78)	(3,281)
Allowance for doubtful accounts, end of period	$ 542	$ 304
Accumulated Deficit
Cumulative Adjustments, Revision for Foreign Currency			$ (1,039)
Accumulated Comprehensive Loss
Cumulative Adjustments, Revision for Foreign Currency			$ 1,039

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Shipping and Advertising Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Advertising costs	$ 10,379	$ 9,555
Selling expenses
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Shipping costs	$ 3,509	$ 2,045

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segments, Net Loss Per Share and New Accounting Pronouncements (Details) $ in Thousands	Mar. 13, 2020	Dec. 28, 2019USD ($)segmentshares	Dec. 29, 2018shares	Dec. 30, 2018USD ($)
Segment Information
Number of operating segments | segment		1
New Accounting Pronouncements
Operating lease, right-to-use asset		$ 4,578
Operating lease liability		$ 5,041
Subsequent events
Net Loss Per Share
Reverse stock split	0.1111
2016-02 | Adjustment
New Accounting Pronouncements
Operating lease, right-to-use asset				$ 6,411
Operating lease liability				$ 7,037
Stock Options
Net Loss Per Share
Anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares		101,320	123,114
Restricted Stock Awards
Net Loss Per Share
Anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares		22,392	30,220

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Net sales by geographical area
Net sales	$ 173,181	$ 173,619
Election of practical expedient, incremental cost of obtaining contracts	true
United States
Net sales by geographical area
Net sales	$ 148,326	145,534
All Other
Net sales by geographical area
Net sales	$ 24,855	$ 28,085

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 43,598	$ 44,221
Less: accumulated depreciation	34,810	34,536
Property and equipment, net	8,788	9,685
Total depreciation expense	2,982	3,436
Computer-related
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 4,511	$ 4,556
Depreciation/Amortization Period	5 years	5 years
Tools, dies, prototypes, and molds
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 27,457	$ 28,361
Tools, dies, prototypes, and molds | Minimum
PROPERTY AND EQUIPMENT
Depreciation/Amortization Period	1 year	1 year
Tools, dies, prototypes, and molds | Maximum
PROPERTY AND EQUIPMENT
Depreciation/Amortization Period	5 years	5 years
Building
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 4,156	$ 4,156
Depreciation/Amortization Period	30 years	30 years
Other
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 7,474	$ 7,148
Other | Minimum
PROPERTY AND EQUIPMENT
Depreciation/Amortization Period	1 year	1 year
Other | Maximum
PROPERTY AND EQUIPMENT
Depreciation/Amortization Period	15 years	15 years
Property and equipment acquired under capital leases
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 589	$ 589
Less: accumulated depreciation	$ 115	$ 31

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
INTANGIBLE ASSETS
Intangible assets, gross	$ 24,748	$ 24,413
Less: Accumulated amortization	(11,852)	(11,113)
Intangible assets, net	12,896	13,300
Intangibles not subject to amortization	8,400	8,400
Amortization expense	738	746
Impairment of intangible assets	0	$ 0
Estimated future amortization expense
2020	488
2021	488
2022	488
2023	488
2024	$ 488
Minimum
INTANGIBLE ASSETS
Amortization period of intangible assets	5 years	5 years
Maximum
INTANGIBLE ASSETS
Amortization period of intangible assets	20 years	20 years
Patents and licenses
INTANGIBLE ASSETS
Intangible assets, gross	$ 4,101	$ 3,766
Customer relationships
INTANGIBLE ASSETS
Intangible assets, gross	6,946	6,946
Other intangibles
INTANGIBLE ASSETS
Intangible assets, gross	1,882	1,882
Brand names
INTANGIBLE ASSETS
Intangible assets, gross	$ 11,819	$ 11,819

DEBT - Bank of America Credit F

DEBT - Bank of America Credit Facility (Details) $ in Thousands	Nov. 01, 2019	Jun. 28, 2018USD ($)	Jun. 27, 2018USD ($)	Dec. 28, 2019USD ($)	Mar. 10, 2020USD ($)	Jan. 17, 2020USD ($)
DEBT
Increase in applicable margins	50.00%
Restated Bank of America Agreement | Credit Facility
DEBT
Amount outstanding on credit facility				$ 32,226
Borrowing capacity				39,109
Borrowing availability				$ 6,883
Restated Bank of America Agreement | Credit Facility | Minimum
DEBT
Fixed charge coverage ratio		1
Restated Bank of America Agreement | Credit Facility | LIBOR
DEBT
Interest rate during the period				4.625%
Restated Bank of America Agreement | Credit Facility | Base rate
DEBT
Interest rate during the period				6.50%
Restated Bank of America Agreement | Revolving Facility
DEBT
Maximum borrowing capacity				$ 60,000
Borrowing base as a percentage of eligible receivables		85.00%
Borrowing base as a percentage of eligible inventory		70.00%
Borrowing base as a percentage of net orderly liquidation value of eligible inventory and less reserves		85.00%
Restated Bank of America Agreement | Letter of Credit
DEBT
Maximum borrowing capacity		$ 5,000
Prior Credit Facility | Revolving Facility
DEBT
Maximum borrowing capacity			$ 60,000
Borrowing base as a percentage of eligible receivables			85.00%
Borrowing base as a percentage of eligible inventory			70.00%
Borrowing base as a percentage of net orderly liquidation value of eligible inventory and less reserves			85.00%
Prior Credit Facility | Letter of Credit
DEBT
Maximum borrowing capacity			$ 10,000
Prior Credit Facility | FILO Facility
DEBT
Maximum borrowing capacity			5,000
Prior Credit Facility | Term Loan Facility
DEBT
Maximum borrowing capacity			$ 10,000
Subsequent events | Restated Bank of America Agreement | Revolving Facility
DEBT
Maximum borrowing capacity					$ 48,000	$ 50,000

DEBT - Term Loan Agreement (Det

DEBT - Term Loan Agreement (Details) $ in Thousands	Mar. 10, 2020USD ($)	Jun. 28, 2018USD ($)	Dec. 29, 2018USD ($)	Dec. 28, 2019USD ($)
DEBT
Write off of unamortized deferred financing costs			$ 518
Unamortized debt issuance costs			2,395	$ 2,398
Term Loan
DEBT
Face amount of loan		$ 17,500
Percentage of ownership interests of domestic subsidiaries pledged		100.00%
Percentage of ownership interests of foreign subsidiaries pledged		65.00%
Quarterly basis installment amount		$ 219
Interest rate on borrowings				10.91%
Amount outstanding				$ 16,406
Term Loan | Subsequent events
DEBT
Accrued PIK interest annual rate	4.00%
Adjusted EBITDA	$ 12,000
Term Loan | Minimum
DEBT
Fixed charge coverage ratio		1
Term Loan | LIBOR
DEBT
Interest rate basis		LIBOR
Applicable margin (as a percent)		9.00%
Credit Facility | Prior Credit Facility
DEBT
Write off of unamortized deferred financing costs			518
Unamortized debt issuance costs			675
Credit Facility | Restated Bank of America Agreement
DEBT
Unamortized debt issuance costs			$ 1,958
Credit Facility | Restated Bank of America Agreement | Minimum
DEBT
Fixed charge coverage ratio		1

DEBT - Aggregate maturities (De

DEBT - Aggregate maturities (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Dec. 29, 2018
Aggregate maturities of bank debt
2020	$ 875
2021	875
2022	875
2023	46,007
Total	48,632
Unamortized debt issuance costs	$ 2,398	$ 2,395

DEBT - Sale Leaseback Transacti

DEBT - Sale Leaseback Transactions (Details) - Summer Infant (USA), Inc. - Faith Realty $ in Thousands	Jan. 22, 2018USD ($)	May 13, 2015USD ($)period	Mar. 24, 2009USD ($)	Dec. 28, 2019USD ($)
Sale-leaseback definitive agreement
Sale-Leaseback
Sale proceeds			$ 4,052
Repurchase price as a percentage of the initial sale price			110.00%
Sale-leaseback definitive agreement | Accrued expenses
Sale-Leaseback
Lease obligation				$ 441
Sale-leaseback definitive agreement | Other liabilities
Sale-Leaseback
Lease obligation				$ 2,000
Original Lease
Sale-Leaseback
Annual rent			$ 390
Lease term			7 years
Original Lease, Optional Extension
Sale-Leaseback
Lease term			5 years
Amended Lease
Sale-Leaseback
Annual rent		$ 429
Lease term		2 years
Leasehold improvement allowance		$ 78
Amended Lease, Optional Extension
Sale-Leaseback
Annual rent		$ 468
Number of extensions | period		1
Lease term		3 years
Prior notice required for extension		12 months
Leasehold improvement allowance		$ 234
Second Amendment
Sale-Leaseback
Annual rent	$ 468
Lease term	3 years

DEBT - Future Minimum Sale-Leas

DEBT - Future Minimum Sale-Leaseback Payments (Details) - Summer Infant (USA), Inc. - Sale-leaseback definitive agreement - Faith Realty $ in Thousands	Dec. 28, 2019USD ($)
Future minimum sale-leaseback payments (Topic 840)
2020	$ 468
2021	117
Total	$ 585

INCOME TAXES - Tax Act (Details

INCOME TAXES - Tax Act (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 30, 2017
Tax Cuts and Jobs Act
Federal statutory income tax rate		21.00%	35.00%
Deferred tax asset, non-deductible interest	$ 1,880	$ 933

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Current:
Foreign		$ (382)
State and local	$ 11	11
Total current	11	(371)
Deferred:
Federal	683	114
Foreign	222	(109)
State and local	179	(198)
Total deferred	1,084	(193)
Total benefit	$ 1,095	$ (564)

INCOME TAXES - Deferred Income

INCOME TAXES - Deferred Income Taxes (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Dec. 29, 2018
Deferred tax assets:
Accounts receivable	$ 53	$ 43
Inventory and Unicap reserve	506	492
Interest deduction limitation	1,880	933
Lease Liability and accrued expenses	1,093
Research and development credit	2,547	3,059
Foreign tax credit	795	795
Net operating loss carry-forward	2,256	2,699
Total deferred tax assets	9,130	8,021
Deferred tax liabilities:
Intangible assets and other	(2,099)	(1,834)
ROU Assets and deferred rent	(1,036)
Property, plant and equipment	(54)	(42)
Total deferred tax liabilities	(3,189)	(1,876)
Valuation allowance	(4,945)	(4,018)
Deferred tax liabilities and valuation allowance	(8,134)	(5,894)
Net deferred income tax asset	$ 996	$ 2,127

INCOME TAXES - Reconciliation (

INCOME TAXES - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Effective Income Tax Rate Reconciliation
Tax benefit at statutory rate	$ (644)	$ (1,014)
State income taxes, net of U.S. federal income tax benefit	150	(147)
Adjustment to uncertain tax position		(325)
Stock options	17	46
Foreign tax rate differential	(5)	108
Tax credits	312	(515)
Non-deductible expenses	117	158
Expiration of unexercised stock options	191
Increase in valuation allowance	927	1,229
Other	30	(104)
Total benefit	$ 1,095	$ (564)

INCOME TAXES - NOL Carryforward

INCOME TAXES - NOL Carryforwards and Uncertain Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Net operating loss carryforwards
Valuation Allowance	$ 4,945	$ 4,018
Writedown related to interest deduction limitations	2,675	1,728
Accrued interest and penalties relating to uncertain tax positions		65
Reconciliation of Unrecognized Tax Benefits
Balance, at beginning of the year	0	325
Decrease for lapses of statute of limitations		(325)
Balance, at end of year	$ 0	0
Minimum
Net operating loss carryforwards
Period subject to examination by major taxing jurisdictions	2 years
Maximum
Net operating loss carryforwards
Period subject to examination by major taxing jurisdictions	6 years
Federal and state
Net operating loss carryforwards
Net operating loss carryforwards	$ 2,955
Foreign | Canada
Net operating loss carryforwards
Net operating loss carryforwards	874
Foreign | Australia
Net operating loss carryforwards
Net operating loss carryforwards	322
Foreign | Israel
Net operating loss carryforwards
Net operating loss carryforwards	2,871
Foreign | Asia
Net operating loss carryforwards
Net operating loss carryforwards	489
Foreign | United Kingdom
Net operating loss carryforwards
Net operating loss carryforwards	1,753
State and foreign
Net operating loss carryforwards
Valuation Allowance	$ 2,270	$ 2,290

SHARE BASED COMPENSATION - Summ

SHARE BASED COMPENSATION - Summary of Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Mar. 31, 2017
Selling, general and administrative expenses
SHARE BASED COMPENSATION
Share-based compensation expense	$ 319	$ 523
2006 Plan
SHARE BASED COMPENSATION
Number of shares authorized under the plan			333,334
Shares available to grant	0
2012 Plan
SHARE BASED COMPENSATION
Number of shares authorized under the plan	188,889
Shares available to grant	71,468

SHARE BASED COMPENSATION - Stoc

SHARE BASED COMPENSATION - Stock Options (Details) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Weighted average assumptions
Expected life (in years)	5 years	4 years 10 months 24 days
Risk-free interest rate	2.30%	2.70%
Volatility	64.20%	64.10%
Dividend yield	0.00%	0.00%
Forfeiture rate	24.20%	23.20%
Additional information
Weighted-average grant date fair value of options granted (in dollars per share)	$ 3.42	$ 4.95
Outstanding stock options expected to vest (in shares)	87,771
Intrinsic value of options exercised	$ 0	$ 18
Number Of Shares
Outstanding at beginning of year (in shares)	123,114
Granted (in shares)	27,112
Canceled or expired (in shares)	48,906
Outstanding at end of year (in shares)	101,320	123,114
Options exercisable end of year	56,266
Weighted-Average Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 18
Granted (in dollars per share)	6.30
Canceled or expired (in dollars per share)	19.08
Outstanding at end of year (in dollars per share)	14.31	$ 18
Options exercisable at the end of the year (in dollars per share)	$ 18.36

SHARE BASED COMPENSATION - St_2

SHARE BASED COMPENSATION - Stock Options by Exercise Price (Details) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Options Outstanding
Number Outstanding (in shares)	101,320
Remaining Contractual Life (years)	7 years 4 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 14.31
Options Exercisable
Number Exercisable (in shares)	56,266
Remaining Contractual Life	6 years 6 months
Weighted Average Exercise Price (in dollars per share)	$ 18.36
Share based compensation, additional information
Aggregate intrinsic value of options outstanding	$ 0	$ 0
Aggregate intrinsic value of options exercisable	0	$ 0
Unrecognized compensation cost	$ 117
Weighted average vesting period for recognition of unrecognized cost	2 years 2 months 12 days
$3.52 - $9.00
SHARE BASED COMPENSATION
Exercise price, low end of range (in dollars per share)	$ 3.52
Exercise price, high end of range (in dollars per share)	$ 9
Options Outstanding
Number Outstanding (in shares)	37,223
Remaining Contractual Life (years)	9 years
Weighted Average Exercise Price (in dollars per share)	$ 6.75
Options Exercisable
Number Exercisable (in shares)	5,556
Remaining Contractual Life	8 years 6 months
Weighted Average Exercise Price (in dollars per share)	$ 7.47
$9.01 - $13.50
SHARE BASED COMPENSATION
Exercise price, low end of range (in dollars per share)	9.01
Exercise price, high end of range (in dollars per share)	$ 13.50
Options Outstanding
Number Outstanding (in shares)	16,128
Remaining Contractual Life (years)	7 years 9 months 18 days
Weighted Average Exercise Price (in dollars per share)	$ 11.25
Options Exercisable
Number Exercisable (in shares)	11,074
Remaining Contractual Life	7 years 8 months 12 days
Weighted Average Exercise Price (in dollars per share)	$ 11.07
$13.51 - $18.00
SHARE BASED COMPENSATION
Exercise price, low end of range (in dollars per share)	13.51
Exercise price, high end of range (in dollars per share)	$ 18
Options Outstanding
Number Outstanding (in shares)	31,139
Remaining Contractual Life (years)	6 years 8 months 12 days
Weighted Average Exercise Price (in dollars per share)	$ 16.83
Options Exercisable
Number Exercisable (in shares)	24,195
Remaining Contractual Life	6 years 7 months 6 days
Weighted Average Exercise Price (in dollars per share)	$ 16.56
$18.01 - $32.00
SHARE BASED COMPENSATION
Exercise price, low end of range (in dollars per share)	18.01
Exercise price, high end of range (in dollars per share)	$ 32
Options Outstanding
Number Outstanding (in shares)	14,667
Remaining Contractual Life (years)	5 years 4 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 24.30
Options Exercisable
Number Exercisable (in shares)	13,278
Remaining Contractual Life	5 years 2 months 12 days
Weighted Average Exercise Price (in dollars per share)	$ 24.66
$32.01 - $64.00
SHARE BASED COMPENSATION
Exercise price, low end of range (in dollars per share)	32.01
Exercise price, high end of range (in dollars per share)	$ 64
Options Outstanding
Number Outstanding (in shares)	2,163
Remaining Contractual Life (years)	1 year 4 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 64.53
Options Exercisable
Number Exercisable (in shares)	2,163
Remaining Contractual Life	1 year 4 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 64.53

SHARE BASED COMPENSATION - Rest

SHARE BASED COMPENSATION - Restricted Stock (Details) $ / shares in Units, $ in Thousands	Mar. 13, 2020shares	Dec. 28, 2019USD ($)$ / sharesshares
Restricted Stock Awards
SHARE BASED COMPENSATION
Required payment from grantee | $		$ 0
Number of Shares
Non-vested restricted stock awards as of December 29, 2018 (in shares)		30,220
Granted (in shares)		19,167
Vested (in shares)		18,545
Forfeited (in shares)		8,450
Non-vested restricted stock awards as of December 28, 2019 (in shares)		22,392
Grant Date Fair Value
Non-vested restricted stock awards as of December 29, 2018(in dollars per share) | $ / shares		$ 15.75
Granted (in dollars per share) | $ / shares		6.21
Vested (in dollars per share) | $ / shares		12.87
Forfeited (in dollars per share) | $ / shares		13.86
Non-vested restricted stock awards as of December 28, 2019 (in dollars per share) | $ / shares		$ 10.80
Additional disclosures
Unrecognized compensation cost | $		$ 121
Weighted average vesting period for recognition of unrecognized cost		2 years 2 months 12 days
Subsequent events
Additional disclosures
Reverse stock split	0.1111
Outstanding common shares	2,108,743

PROFIT SHARING PLAN (Details)

PROFIT SHARING PLAN (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
PROFIT SHARING PLAN
Matching expense	$ 311	$ 380

MAJOR CUSTOMERS (Details)

MAJOR CUSTOMERS (Details) - Sales - Customer concentration risk - customer	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
MAJOR CUSTOMERS
Number of significant customers	7	7
Percentage of concentration risk	81.00%	77.00%
Number of customers individually representing more than 10% of sales	3	3
Amazon.com
MAJOR CUSTOMERS
Percentage of concentration risk	26.00%	23.00%
Walmart
MAJOR CUSTOMERS
Percentage of concentration risk	25.00%	23.00%
Target
MAJOR CUSTOMERS
Percentage of concentration risk	17.00%	16.00%

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Leases
Cash paid for amounts included in the measurement of the Company's lease liabilities	$ 2,613
Term of secured borrowings used to estimate incremental borrowing rate (in years)	5 years
Total rent expense		$ 2,736
Components of the lease expense (Topic 842)
Operating lease cost	$ 2,499
Variable lease cost	1,152
Total lease expense	$ 3,651
Weighted-average remaining lease term (in years)	2 years 1 month 6 days
Weighted Average discount rate:	5.00%
Maturities of the operating lease liabilities (Topic 842)
2020	$ 2,690
2021	2,159
2022	321
2023	153
2024	0
Less imputed interest	(282)
Total	5,041
Future minimum rental payments (Topic 840)
2019	2,627
2020	2,556
2021	2,048
2022	323
2023 and beyond	154
Total	$ 7,708
Canada
Leases
Lease renewal term	5 years
Minimum
Leases
Remaining lease term (in years)	1 year 9 months
Maximum
Leases
Remaining lease term (in years)	3 years 6 months
Office and warehouse | HONG KONG
Leases
Remaining lease term (in years)	2 years
Summer Infant Europe Limited
Employment Contracts
Termination benefit provisions	$ 0
Summer Infant Europe Limited | Minimum
Employment Contracts
Employer's contribution as a percentage of employee's annual salary	1.00%
Summer Infant Europe Limited | Maximum
Employment Contracts
Employer's contribution as a percentage of employee's annual salary	7.00%

GEOGRAPHICAL INFORMATION (Detai

GEOGRAPHICAL INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
GEOGRAPHICAL INFORMATION
Net revenue	$ 173,181	$ 173,619
Total assets	91,543	94,216
Long lived assets	27,359	25,209
United States
GEOGRAPHICAL INFORMATION
Net revenue	148,326	145,534
Total assets	80,693	82,631
Long lived assets	24,804	23,165
All Other
GEOGRAPHICAL INFORMATION
Net revenue	24,855	28,085
Total assets	10,850	11,585
Long lived assets	$ 2,555	$ 2,044

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Thousands	Mar. 13, 2020	Mar. 10, 2020USD ($)	Jan. 17, 2020USD ($)	Dec. 28, 2019USD ($)
Restated Bank of America Agreement | Revolving Facility
Subsequent events
Aggregate revolver commitments				$ 60,000
Maximum borrowing capacity				$ 60,000
Subsequent events
Subsequent events
Reverse stock split	0.1111
Subsequent events | Term Loan
Subsequent events
Accrued PIK interest annual rate		4.00%
Adjusted EBITDA		$ 12,000
Subsequent events | Restated Bank of America Agreement | Through February 29 2020
Subsequent events
Financial Covenant Trigger Amount			$ 4,000
Subsequent events | Restated Bank of America Agreement | Starting March 1, 2020
Subsequent events
Financial Covenant Trigger Amount			5,000
Subsequent events | Restated Bank of America Agreement | Through May 31, 2020
Subsequent events
Financial Covenant Trigger Amount		3,000
Subsequent events | Restated Bank of America Agreement | June 1 through June 30, 2020
Subsequent events
Financial Covenant Trigger Amount		3,500
Subsequent events | Restated Bank of America Agreement | July 1 through August 31, 2020
Subsequent events
Financial Covenant Trigger Amount		3,750
Subsequent events | Restated Bank of America Agreement | September 1 through September 30, 2020
Subsequent events
Financial Covenant Trigger Amount		4,000
Subsequent events | Restated Bank of America Agreement | October 1 through October 31, 2020
Subsequent events
Financial Covenant Trigger Amount		4,250
Subsequent events | Restated Bank of America Agreement | November 1 through November 30, 2020
Subsequent events
Financial Covenant Trigger Amount		4,500
Subsequent events | Restated Bank of America Agreement | From and after December 1, 2020
Subsequent events
Financial Covenant Trigger Amount		5,000
Subsequent events | Restated Bank of America Agreement | Revolving Facility
Subsequent events
Aggregate revolver commitments		48,000	50,000
Maximum borrowing capacity		$ 48,000	$ 50,000
Subsequent events | Term Loan Agreement
Subsequent events
Financial Covenant Trigger Amount, IP Advance Rate		55.00%
Financial Covenant Trigger Amount, IP Advance Rate, Monthly Reduction Percentage		1.00%
Subsequent events | Term Loan Agreement | Through February 29 2020
Subsequent events
Advance rate reduction (as a percent)			5.00%
Subsequent events | Term Loan Agreement | Starting March 1, 2020
Subsequent events
Advance rate reduction (as a percent)			10.00%