Document_and_Entity_Informatio
| Document and Entity Information | 9 Months Ended | |
| Sep. 28, 2013 | Oct. 31, 2013 | |
| Document and Entity Information | ' | ' |
| Entity Registrant Name | 'BODY CENTRAL CORP | ' |
| Entity Central Index Key | '0001379246 | ' |
| Document Type | '10-Q | ' |
| Document Period End Date | 28-Sep-13 | ' |
| Amendment Flag | 'false | ' |
| Current Fiscal Year End Date | '--12-28 | ' |
| Entity Current Reporting Status | 'Yes | ' |
| Entity Filer Category | 'Accelerated Filer | ' |
| Entity Common Stock, Shares Outstanding | ' | 16,632,197 |
| Document Fiscal Year Focus | '2013 | ' |
| Document Fiscal Period Focus | 'Q3 | ' |
CONSOLIDATED_BALANCE_SHEETS
| CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 |
| Current assets | ' | ' | ' |
| Cash and cash equivalents | $15,597,000 | $41,136,000 | $22,679,000 |
| Short-term investments | 4,356,000 | 0 | 14,265,000 |
| Accounts receivable | 1,479,000 | 4,710,000 | 1,536,000 |
| Inventories | 24,464,000 | 22,971,000 | 20,860,000 |
| Prepaid expenses and other current assets | 12,221,000 | 6,966,000 | 7,516,000 |
| Deferred tax asset | 3,289,000 | 1,959,000 | 2,168,000 |
| Total current assets | 61,406,000 | 77,742,000 | 69,024,000 |
| Property and equipment, net of accumulated depreciation of $30,358, $25,123 and $23,650 | 40,479,000 | 33,515,000 | 30,860,000 |
| Goodwill | 11,150,000 | 21,508,000 | 21,508,000 |
| Intangible assets, net of accumulated amortization of $3,810, $3,810 and $3,810 | 16,574,000 | 16,574,000 | 16,574,000 |
| Other assets | 333,000 | 246,000 | 108,000 |
| Total assets | 129,942,000 | 149,585,000 | 138,074,000 |
| Current liabilities | ' | ' | ' |
| Merchandise accounts payable | 10,585,000 | 13,715,000 | 8,547,000 |
| Accrued expenses and other current liabilities | 21,155,000 | 19,732,000 | 19,674,000 |
| Total current liabilities | 31,740,000 | 33,447,000 | 28,221,000 |
| Other liabilities | 10,167,000 | 10,494,000 | 7,900,000 |
| Deferred tax liability | 4,392,000 | 5,298,000 | 4,577,000 |
| Total liabilities | 46,299,000 | 49,239,000 | 40,698,000 |
| Commitments and contingencies | 0 | 0 | 0 |
| Stockholders’ equity | ' | ' | ' |
| Common stock, $0.001 par value, 45,000,000 shares authorized, 16,649,038 shares issued and outstanding as of September 28, 2013, 16,302,007 shares issued and outstanding as of December 29, 2012 and 16,307,342 shares issued and outstanding as of September 29, 2012 | 17,000 | 16,000 | 16,000 |
| Additional paid-in capital | 98,381,000 | 96,032,000 | 95,634,000 |
| Accumulated (deficit) earnings | -14,755,000 | 4,298,000 | 1,728,000 |
| Accumulated other comprehensive loss, net of tax | 0 | 0 | -2,000 |
| Total stockholders’ equity | 83,643,000 | 100,346,000 | 97,376,000 |
| Total liabilities and stockholders’ equity | $129,942,000 | $149,585,000 | $138,074,000 |
CONSOLIDATED_BALANCE_SHEETS_Pa
| CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 |
| In Thousands, except Share data, unless otherwise specified | |||
| Statement of Financial Position [Abstract] | ' | ' | ' |
| Property and equipment, accumulated depreciation (in dollars) | $30,358 | $25,123 | $23,650 |
| Intangible assets, accumulated amortization (in dollars) | $3,810 | $3,810 | $3,810 |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 |
| Common stock, shares authorized | 45,000,000 | 45,000,000 | 45,000,000 |
| Common stock, shares issued | 16,649,038 | 16,302,007 | 16,307,342 |
| Common stock, shares outstanding | 16,649,038 | 16,302,007 | 16,307,342 |
| Undesignated preferred stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 |
| Undesignated preferred stock, shares authorized | 5,000,000 | 5,000,000 | 5,000,000 |
| Undesignated preferred stock, shares issued | 0 | 0 | 0 |
| Undesignated preferred stock, shares outstanding | 0 | 0 | 0 |
CONSOLIDATED_STATEMENTS_OF_COM
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
| Income Statement [Abstract] | ' | ' | ' | ' |
| Net revenues | $60,833 | $67,920 | $217,383 | $229,956 |
| Cost of goods sold, including occupancy, buying, distribution center and catalog costs | 49,692 | 46,399 | 157,977 | 154,440 |
| Gross profit | 11,141 | 21,521 | 59,406 | 75,516 |
| Selling, general and administrative expenses | 24,480 | 19,718 | 69,406 | 55,820 |
| Depreciation | 2,154 | 1,607 | 6,438 | 4,469 |
| Impairment of long-lived assets | 0 | 0 | 10,358 | 0 |
| (Loss) income from operations | -15,493 | 196 | -26,796 | 15,227 |
| Interest income, net | 2 | 3 | 11 | 10 |
| Other (loss) income, net | -259 | 45 | 747 | 104 |
| (Loss) income before income taxes | -15,750 | 244 | -26,038 | 15,341 |
| Benefit (provision) for income taxes | 6,769 | -91 | 6,985 | -5,800 |
| Net (loss) income | -8,981 | 153 | -19,053 | 9,541 |
| Net (loss) income per common share: | ' | ' | ' | ' |
| Basic (in dollars per share) | ($0.55) | $0.01 | ($1.17) | $0.59 |
| Diluted (in dollars per share) | ($0.55) | $0.01 | ($1.17) | $0.58 |
| Weighted-average common shares outstanding: | ' | ' | ' | ' |
| Basic (in shares) | 16,363,633 | 16,205,845 | 16,318,046 | 16,169,953 |
| Diluted (in shares) | 16,363,633 | 16,305,557 | 16,318,046 | 16,350,690 |
| Other comprehensive (income) loss | ' | ' | ' | ' |
| Unrealized (gain) loss on short-term investments, net of tax | 0 | -5 | 0 | 2 |
| Other comprehensive (income) loss, net of tax | 0 | -5 | 0 | 2 |
| Comprehensive (loss) income | ($8,981) | $158 | ($19,053) | $9,539 |
CONSOLIDATED_STATEMENTS_OF_CAS
| CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | |
| In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 |
| Cash flows from operating activities | ' | ' |
| Net (loss) income | ($19,053) | $9,541 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
| Depreciation | 6,438 | 4,469 |
| Deferred income taxes | -2,236 | 137 |
| Excess tax benefits from stock-based compensation | -39 | -751 |
| Stock-based compensation | 2,061 | 1,473 |
| Amortization of premiums and discounts on investments, net | 147 | 263 |
| Loss on disposal of property and equipment | 422 | 82 |
| Impairment of long-lived assets | 10,358 | 0 |
| Changes in assets and liabilities: | ' | ' |
| Accounts receivable | 3,231 | 1,071 |
| Inventories | -1,493 | 281 |
| Prepaid expenses and other assets | -5,342 | -490 |
| Merchandise accounts payable | -3,130 | -7,951 |
| Accrued expenses and other current liabilities | 362 | -1,626 |
| Other liabilities | -380 | 732 |
| Net cash (used in) provided by operating activities | -8,654 | 7,231 |
| Cash flows from investing activities | ' | ' |
| Proceeds from sale of property and equipment | 0 | 29 |
| Purchases of property and equipment | -12,709 | -13,158 |
| Purchases of intangible assets | 0 | -179 |
| Purchases of short-term investments | -12,786 | -24,582 |
| Proceeds from sales of short-term investments | 2,310 | 1,051 |
| Proceeds from maturities of short-term investments | 5,973 | 9,000 |
| Net cash used in investing activities | -17,212 | -27,839 |
| Cash flows from financing activities | ' | ' |
| Proceeds from exercise of stock options | 327 | 543 |
| Excess tax benefits from stock-based compensation | 0 | 751 |
| Net cash provided by financing activities | 327 | 1,294 |
| Net decrease in cash and cash equivalents | -25,539 | -19,314 |
| Cash and cash equivalents | ' | ' |
| Beginning of year | 41,136 | 41,993 |
| End of period | 15,597 | 22,679 |
| Non-cash investing activities: | ' | ' |
| Property and equipment acquired | $1,114 | $0 |
Nature_of_Business_and_Summary
| Nature of Business and Summary of Significant Accounting Policies | 9 Months Ended | |||||||
| Sep. 28, 2013 | ||||||||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||
| Nature of Business and Summary of Significant Accounting Policies | ' | |||||||
| Nature of Business and Summary of Significant Accounting Policies | ||||||||
| Nature of Business and Organization | ||||||||
| Body Central Corp. (the ‘‘Company’’) is a specialty retailer of young women’s apparel and accessories operating retail stores in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates specialty apparel stores under the Body Central and Body Shop banners as well as a direct business comprised of Body Central’s catalog and e-commerce website at www.bodycentral.com. | ||||||||
| Principles of Consolidation | ||||||||
| In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements include all adjustments, consisting primarily of normal and recurring adjustments, necessary for the fair presentation of consolidated financial position, results of operations, and cash flows for the interim periods presented. All intercompany accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The fiscal year-end December 29, 2012 Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures under GAAP. Accordingly, these unaudited Condensed Consolidated Financial Statements and related notes thereto should be read in conjunction with the consolidated financial statements and notes thereto for the fiscal year ended December 29, 2012, included in the Company’s Annual Report on Form 10-K, filed with the SEC. | ||||||||
| Fiscal Year | ||||||||
| The Company’s fiscal year ends on the Saturday closest to December 31. As used herein, the interim periods presented are the thirteen week and thirty-nine week periods ended September 28, 2013 and September 29, 2012, respectively. | ||||||||
| Use of Estimates | ||||||||
| The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, management evaluates its estimates and assumptions, including those related to inventory valuation, property and equipment, recoverability of long-lived assets, including intangible assets, income taxes, and stock-based compensation. | ||||||||
| Segment Reporting | ||||||||
| The Financial Accounting Standards Board (“FASB”) has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company has aggregated its net revenues generated from its retail stores and its direct business unit into one reportable segment. The Company aggregates its operating segments because they have a similar class of customer, nature of products, and distribution methods as well as similar economic characteristics. The Company has no international sales. All of the Company’s identifiable assets are in the United States. | ||||||||
| Revenue Recognition | ||||||||
| The Company recognizes revenue, and the related cost of goods sold is expensed, at point-of-sale or upon delivery to customers. Historically, the Company recognized revenue from the direct business unit upon shipment of goods. | ||||||||
| Inventory shipping and handling fees billed to customers for online and catalog sales are included in net revenues, and the related shipping and handling costs are included in cost of goods sold. Based on historical sales returns, an allowance for sales returns is recorded as a reduction of net revenues in the periods in which the sales are recognized. Sales tax collected from customers is excluded from net revenues and is included as part of accrued expenses and other current liabilities on the unaudited Condensed Consolidated Balance Sheets. | ||||||||
| The Company sells gift cards in stores, which do not expire or lose value over periods of inactivity and accounts for gift cards by recognizing a liability at the time a gift card is sold. The Company recognizes income from gift cards and gift certificates when they are redeemed by the customer. | ||||||||
| Revenue from unredeemed gift certificates and gift cards is recognized when it is determined that the likelihood of the gift certificate or gift card being redeemed is remote and that there is no legal obligation to remit unredeemed gift certificates and gift cards to relevant jurisdictions. | ||||||||
| Cash and Cash Equivalents | ||||||||
| The Company considers all short-term investments with an initial maturity of three months or less when purchased to be cash equivalents. | ||||||||
| Short-term Investments | ||||||||
| The Company classifies its investments as available-for-sale. Short-term investments which have a maturity of one year or less at acquisition are carried at fair market value. Unrealized gains or losses, net of the related tax effect, are excluded from earnings and reported in accumulated other comprehensive income, a component of Stockholders’ Equity. A decline in the fair value of any available-for-sale security below cost that is deemed other than temporary results in a charge to earnings and the establishment of a new cost basis for the security. To determine whether the decline in fair value is other than temporary, the Company considers whether evidence indicating the cost of the investment is recoverable outweighs evidence to the contrary. Evidence considered in this assessment includes the reasons for the decline in value, the severity and duration of the decline in value, changes in value subsequent to year-end and the forecasted performance of the investment. Interest income is recognized as earned. Income on investments includes the amortization of the premium and accretion of discount for debt securities acquired at other than par value. Realized investment gains and losses are determined on the basis of specific identification. | ||||||||
| Inventories | ||||||||
| Inventories are comprised principally of women’s apparel and accessories and are stated at the lower of cost or market, on a first-in-first-out basis, using the retail inventory method. Included in the carrying value of merchandise inventory, and reflected in cost of goods sold, is a reserve for shrinkage which is accrued between physical inventory dates as a percentage of sales based on historical inventory results. | ||||||||
| The Company reviews its inventory levels to identify slow-moving merchandise and generally uses markdowns to clear this merchandise. The Company records a markdown reserve based on estimated future markdowns related to current inventory to clear slow-moving inventory. These markdowns may have an adverse impact on earnings, depending on the extent and amount of inventory affected. The markdown reserve is recorded as an increase to cost of goods sold in the unaudited Consolidated Statements of Comprehensive Income. | ||||||||
| Goodwill and Intangible Assets | ||||||||
| Goodwill and intangibles with indefinite lives are required by ASC 350-20 Intangibles - Goodwill and Other - Goodwill and ASC 350-30 Intangibles - Goodwill and Other - General Intangibles Other Than Goodwill to be tested for impairment annually. The Company conducts an impairment test of its recorded goodwill and other indefinite-lived intangible assets on the balance sheet date of each fiscal year or more frequently if impairment indicators are present resulting from a change in circumstances. Pursuant to the guidance in ASC 350, the Company first performs a qualitative analysis of its trade name and of the goodwill of the stores and direct business reporting units to determine if a quantitative analysis is necessary. This analysis considers factors such as the year over year change in our competitive retail sector, comparable store sales, catalog sales, stock price fluctuations, actual and forecasted sales, the Company's market value relative to its book value, debt levels, and cash (used in) provided by operations. The qualitative analysis further evaluates the progress and impact of changes in its infrastructure and refinements to the Company’s strategic objectives. If, during the qualitative analysis, the Company determines that it is more likely than not that carrying value of the reporting unit or trade name is greater than its fair value, a quantitative analysis is performed. | ||||||||
| Goodwill and indefinite-lived intangible reviews are highly judgmental and involve the use of significant estimates and assumptions. These estimates and assumptions can have a significant impact on the amount of any impairment loss recorded. The Company uses discounted cash flow methods (income valuation approach) which are dependent on future sales trends, market conditions and the cash flows from each reporting unit over several years. Actual cash flows in the future may differ significantly from those previously forecasted. Forecasts consider the potential impact of certain factors including strategic growth initiatives centered on a more consistent and singular approach to branding, merchandise content and customer messaging, as well as expectations of improvements in comparable store sales trends. If these growth strategies are not achieved, the Company could experience an impairment of goodwill or intangible assets. Other significant assumptions in this forecast include growth rates and the discount rates applicable to future cash flows. | ||||||||
| When the Company determines the quantitative testing for its trade name is necessary, the Company compares the carrying value of the trade name to its fair value; if the carrying value exceeds its fair value, an impairment loss is recognized in an amount equal to the excess. In assessing the fair value of its trade name, the Company uses the relief-from-royalty discounted cash flow approach. | ||||||||
| During the third quarter of 2013, the Company determined that a quantitative review for its trade name was necessary primarily as a result of a decrease in the Company’s stock price of 51.5% during the third quarter of 2013 and decline in the Company’s overall financial performance for the thirteen and thirty-nine weeks ended September 28, 2013 as compared to the forecast, including lower-than-expected sales for both the stores and direct reporting units and an overall decline in net working capital available to fund operations. The Company compared the $16.6 million carrying value of the trade name to its fair value calculated using the relief-from-royalty discounted cash flow method and determined that the fair value of the trade name exceeded its carrying value. | ||||||||
| If the Company determines the quantitative testing for goodwill impairment is necessary, the first step involves comparing the fair value of a reporting unit to its carrying amount, including goodwill, after any long-lived asset impairment charges. If the carrying amount of the reporting unit exceeds its fair value, a second step is performed to determine whether there is a goodwill impairment, and if so, the amount of the loss. This step revalues all assets and liabilities of the reporting unit to their current fair value and then compares the implied fair value of the reporting unit’s goodwill to the carrying amount of that goodwill. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess. In assessing the fair value of its goodwill, the Company uses the discounted cash flow method. | ||||||||
| In accordance with ASC 350, the Company tested goodwill for its stores and direct business reporting units as of December 29, 2012 and determined that it was more likely than not that the carrying value was less than its estimated fair value. The Company performed an interim impairment evaluation during the second quarter of 2013; based on the results of that review, the Company recorded an impairment loss for its direct reporting unit for $10.4 million as of June 29, 2013. Consequently, the direct business unit had no remaining goodwill. | ||||||||
| During the third quarter of 2013, the Company determined that a quantitative review for its stores reporting unit was necessary primarily as a result of continued negative comparable store sales, lower-than-expected new store sales, and declining profit margin resulting from markdowns. Using a discounted cash flow valuation model, the Company estimated the fair value of the reporting unit and determined that the fair value of the stores reporting unit exceeded its carrying value. | ||||||||
| The change in the carrying value for the thirteen and thirty-nine weeks ended September 28, 2013 is as follows: | ||||||||
| September 28, | December 29, | |||||||
| 2013 | 2012 | |||||||
| (in thousands) | ||||||||
| Goodwill, gross | $ | 55,470 | $ | 55,470 | ||||
| Accumulated impairment losses | (44,320 | ) | (33,962 | ) | ||||
| Goodwill, net of impairments | $ | 11,150 | $ | 21,508 | ||||
| New Accounting Standards | ||||||||
| In February 2013, the FASB issued ASU No. 2013-2, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU No. 2013-2 requires presentation of reclassification adjustments from each component of accumulated other comprehensive income either in a single note or parenthetically on the face of the financial statements, for those amounts required to be reclassified into net income in their entirety in the same reporting period. For amounts that are not required to be reclassified in their entirety in the same reporting period, cross-reference to other disclosures is required. The Company fully adopted the guidance during the first quarter 2013. There were no classification adjustments for the thirteen week or thirty-nine week periods ended September 28, 2013. The adoption of this guidance did not have a material impact on the Company’s financial statements or disclosures. | ||||||||
Financial_Instruments
| Financial Instruments | 9 Months Ended | ||||||||||||||||
| Sep. 28, 2013 | |||||||||||||||||
| Financial Instruments | ' | ||||||||||||||||
| Financial Instruments | ' | ||||||||||||||||
| Financial Instruments | |||||||||||||||||
| The FASB-issued guidance establishes a framework for measuring fair value that is based on the inputs market participants use to determine fair value of an asset or liability and establishes a fair value hierarchy to prioritize those inputs. The guidance under this statement describes a hierarchy of three levels of input that may be used to measure fair value: | |||||||||||||||||
| •Level 1 — Inputs based on quoted prices in active markets for identical assets and liabilities. | |||||||||||||||||
| • | Level 2 — Inputs other than Level 1 quoted prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. | ||||||||||||||||
| • | Level 3 — Unobservable inputs based on little market or no market activity and which are significant to the fair value of the assets and liabilities. | ||||||||||||||||
| The Company’s material financial instruments consist primarily of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and accrued expenses. The fair values of cash, accounts receivable, accounts payable and accrued expenses are equal to their carrying values based on their liquidity. | |||||||||||||||||
| Considerable judgment is required in interpreting market data to develop estimates of fair value. The fair value estimates presented herein are not necessarily indicative of the amount that the Company or the debt holders could realize in a current market exchange. The use of different assumptions and/or estimation methodologies may have a material effect on the estimated fair value. | |||||||||||||||||
| Certificates of deposit, money market securities and tax-free municipal bonds with an initial maturity date of three months or less when purchased are classified as cash and cash equivalents on the accompanying unaudited Condensed Consolidated Balance Sheets. Municipal bonds and certificates of deposit with an initial maturity date greater than three months when purchased and a maturity of one year or less are classified as short-term investments on the accompanying unaudited Condensed Consolidated Balance Sheets. As of September 28, 2013, municipal bonds in the amount of $666,000 were included in cash and cash equivalents. | |||||||||||||||||
| Money market securities, which are short-term investments of excess cash, are classified as cash and cash equivalents on the accompanying unaudited Condensed Consolidated Balance Sheets. | |||||||||||||||||
| The Company has determined the estimated fair value amounts of its financial instruments using available market information. The assets that are measured at fair value on a recurring basis as of September 28, 2013 and September 29, 2012, respectively, include the following: | |||||||||||||||||
| September 28, | Quoted | Significant | Significant | ||||||||||||||
| Prices in | Other | Unobservable | |||||||||||||||
| Active | Observable | Inputs | |||||||||||||||
| Markets | Inputs | ||||||||||||||||
| Description | 2013 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
| (in thousands) | |||||||||||||||||
| Municipal Bonds | 5,022 | — | 5,022 | — | |||||||||||||
| Total | $ | 5,022 | $ | — | $ | 5,022 | $ | — | |||||||||
| September 29, | Quoted | Significant | Significant | ||||||||||||||
| Prices in | Other | Unobservable | |||||||||||||||
| Active | Observable | Inputs | |||||||||||||||
| Markets | Inputs | ||||||||||||||||
| Description | 2012 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
| (in thousands) | |||||||||||||||||
| Municipal Bonds | $ | 12,520 | $ | — | $ | 12,520 | $ | — | |||||||||
| Money Market Funds | 1,642 | 1,642 | — | — | |||||||||||||
| Certificates of Deposit | 2,192 | 2,192 | — | — | |||||||||||||
| Total | $ | 16,354 | $ | 3,834 | $ | 12,520 | $ | — | |||||||||
Income_Taxes
| Income Taxes | 9 Months Ended | |||||||||||
| Sep. 28, 2013 | ||||||||||||
| Income Tax Disclosure [Abstract] | ' | |||||||||||
| Income Taxes | ' | |||||||||||
| Income Taxes | ||||||||||||
| The provision for income taxes is based on the current estimate of the annual effective tax rate and is adjusted as necessary for discrete events occurring in a particular period. The effective income tax rate was 43.0% and 37.3% for the thirteen weeks ended September 28, 2013 and September 29, 2012, respectively, and 26.8% and 37.8% for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively. The increase for the thirteen weeks ended September 28, 2013 as compared to the thirteen weeks ended September 29, 2012 was primarily due to a permanent adjustment to the 2012 Federal and state income tax payments compared to the estimated tax provision. The decrease for the thirty-nine weeks ended September 28, 2013 was primarily the result of the nondeductible goodwill impairment related to the direct reporting unit recorded in the second quarter 2013 as a discrete item and from a discrete tax benefit in the 2012 Work Opportunity Tax Credit taken during the first quarter 2013, partially offset by the permanent adjustment to the 2012 Federal and state income tax payments compared to the estimated tax provision. | ||||||||||||
| Thirteen Weeks Ended | Thirty-Nine Weeks Ended | |||||||||||
| September 28, | September 29, | September 28, | September 29, | |||||||||
| 2013 | 2012 | 2013 | 2012 | |||||||||
| Amount computed using statutory rates | 35 | % | 35 | % | 35 | % | 35 | % | ||||
| State and local income taxes, net of federal benefit | 3.8 | (10.2 | ) | 2.7 | 2.8 | |||||||
| Impairment of goodwill | — | — | (14.3 | ) | — | |||||||
| Other | 4.2 | 12.5 | 3.4 | — | ||||||||
| Provision for income tax rate | 43 | % | 37.3 | % | 26.8 | % | 37.8 | % | ||||
| The Company recognizes income tax liabilities related to unrecognized tax benefits in accordance with FASB ASC 740, Income Taxes, guidance related to uncertain tax positions, and adjusts these liabilities when they change as the result of the evaluation of new information. The Company has no uncertain tax positions which would result in a related income tax liability as of September 28, 2013. | ||||||||||||
Related_Parties
| Related Parties | 9 Months Ended |
| Sep. 28, 2013 | |
| Related Party Transactions [Abstract] | ' |
| Related Parties | ' |
| Related Parties | |
| The Company leases office and warehouse space under a lease agreement dated October 1, 2006 with a company that is owned by former members of management and of the Board of Directors. Included in that group is Beth Angelo, former Chief Merchandising Officer and Director, who formally separated from the Company in February 2013 but had a consulting agreement through August 2013. The lease expires on October 1, 2016. The Company incurred rent expense of $368,000 and $361,000 for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively, related to this lease. |
Leases
| Leases | 9 Months Ended | ||||
| Sep. 28, 2013 | |||||
| Leases [Abstract] | ' | ||||
| Leases | ' | ||||
| Leases | |||||
| The Company’s retail stores and corporate offices are in leased facilities. Lease terms for retail stores generally range up to ten years and provide for escalations in base rents. The Company does not have obligations to renew the leases. Certain leases provide for contingent rentals based upon sales. Most leases also require additional payments covering real estate taxes, common area costs and insurance. | |||||
| Future minimum rental commitments, by year and in the aggregate, under non-cancelable operating leases as of September 28, 2013, are as follows: | |||||
| Fiscal Year | (in thousands) | ||||
| 2013 Remaining | $ | 6,960 | |||
| 2014 | 25,474 | ||||
| 2015 | 23,582 | ||||
| 2016 | 20,879 | ||||
| 2017 | 16,305 | ||||
| Thereafter | 24,063 | ||||
| Total | $ | 117,263 | |||
Debt
| Debt | 9 Months Ended |
| Sep. 28, 2013 | |
| Debt Disclosure [Abstract] | ' |
| Debt | ' |
| Debt | |
| On January 20, 2012, the Company entered into a Line of Credit Agreement with Branch Banking and Trust Company that provided for a revolving line of credit facility in the amount of $5.0 million with an accordion feature that allows Branch Banking and Trust Company to increase the facility up to $20 million at its sole discretion. The facility had an original maturity date of May 5, 2013. The facility bears interest at the one month LIBOR rate plus 1.35% per annum, as adjusted monthly on the first day of each month, with an all-in floor rate of 2.0%. The facility is secured by all the assets of the Company. The Line of Credit Agreement includes a financial covenant requiring the Company to have a Tangible Net Worth (as defined in the Line of Credit Agreement) of $30.0 million quarterly, and other customary covenants. | |
| On March 8, 2013, the Company renewed the Line of Credit Agreement; the renewed facility has a maturity date of March 5, 2015. There were no significant changes to the terms or conditions from the original agreement dated January 20, 2012. | |
| As of September 28, 2013, the Company was in compliance with all covenants. The Company had no direct borrowings from the revolving credit facility as of September 28, 2013. | |
| As of October 31, 2013, the Company had $5.0 million outstanding under the revolving Line of Credit. |
StockBased_Compensation_Plan
| Stock-Based Compensation Plan | 9 Months Ended | ||||||||||||
| Sep. 28, 2013 | |||||||||||||
| Stockholders' Equity Note [Abstract] | ' | ||||||||||||
| Stock-Based Compensation Plan | ' | ||||||||||||
| Stock-Based Compensation Plan | |||||||||||||
| On May 24, 2012, the Company’s stockholders approved an amendment and restatement of the Company’s Amended and Restated 2006 Equity Incentive Plan (the “Plan”). The Plan as amended and restated (i) increases the number of shares available under the Plan by 400,000 shares; (ii) eliminates the element of the Plan’s definition of change of control that previously included a discretionary determination by the Board of Directors that a change of control had occurred; (iii) modifies treatment of awards upon a change of control of the Company to provide that, if a successor assumes or replaces awards granted under the Plan, 50% of the unvested portion of an award will vest and the remaining portion will not be accelerated upon the change of control unless the participant’s employment is also terminated; (iv) enhances the Plan’s flexibility with respect to award types and adds individual limits for each award type; and (v) makes future awards under the Plan subject to any “clawback” or recoupment policy that the Company maintains from time to time. | |||||||||||||
| Stock-based compensation expense of $2.2 million and $969,000, net of forfeitures, for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively, is included in selling, general and administrative expenses and $(109,000) and $504,000 for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively, is included in cost of goods sold on the Company’s unaudited Condensed Consolidated Statements of Comprehensive (Loss) Income. The Company did not capitalize any expense related to stock-based compensation. | |||||||||||||
| Option Awards | |||||||||||||
| The fair value of each option grant for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively, was calculated on the grant date using the Black-Scholes option-pricing model with the following weighted-average assumptions, respectively: | |||||||||||||
| Thirty-Nine Weeks Ended | |||||||||||||
| September 28, | September 29, | ||||||||||||
| 2013 | 2012 | ||||||||||||
| Expected option term (1) | 6.25 years | 6.25 years | |||||||||||
| Expected volatility factor (2) | 64.5 | % | 66.3 | % | |||||||||
| Risk-free interest rate (3) | 1.1 | % | 1 | % | |||||||||
| Expected annual dividend yield | 0 | % | 0 | % | |||||||||
| (1) Since there was not sufficient historical information for grants with similar terms, the simplified or “plain-vanilla” method of estimating option life was utilized. | |||||||||||||
| (2) The stock volatility for each grant is measured using the weighted average of historical weekly price changes of certain peer companies’ common stock over the most recent period equal to the expected option life of the grant. The Company uses peer companies’ volatility because there is not sufficient historical data to calculate volatility since the Company has been public less than three years and the expected term is over six years. These peer companies represent other publicly traded retailers in the female fashion segment. | |||||||||||||
| (3) The risk-free interest rate for periods equal to the expected term of the share option is based on the rate of U.S. Treasury securities with the same duration to maturity as the expected term of the option as of the grant date. | |||||||||||||
| A summary of stock option activity for the thirty-nine weeks ended September 28, 2013 is as follows: | |||||||||||||
| Shares | Weighted- | Weighted- | Aggregate | ||||||||||
| Average | Average | Intrinsic | |||||||||||
| Exercise | Remaining | Value | |||||||||||
| Price | Contractual | ||||||||||||
| Term | |||||||||||||
| in ‘000s | |||||||||||||
| Outstanding as of December 29, 2012 | 505,297 | $ | 13.21 | ||||||||||
| Granted | 612,151 | 9.1 | |||||||||||
| Exercised (1) | (98,501 | ) | 3.32 | ||||||||||
| Expired | (12,739 | ) | 18.76 | ||||||||||
| Forfeited | (73,897 | ) | 16.82 | ||||||||||
| Outstanding as of September 28, 2013 | 932,311 | $ | 11.19 | 8.93 years | $ | 0 | |||||||
| Exercisable as of September 28, 2013 | 145,286 | $ | 15.5 | 7.73 years | $ | 0 | |||||||
| (1) The fair value of options exercised during the thirty-nine weeks ended September 28, 2013 was $927,000. | |||||||||||||
| A summary of the status of non-vested options awards as of September 28, 2013 including changes during the thirty-nine weeks ended September 28, 2013, is presented below: | |||||||||||||
| Shares | Weighted- | ||||||||||||
| Average | |||||||||||||
| Grant-Date | |||||||||||||
| Fair Value | |||||||||||||
| Nonvested as of December 29, 2012 | 331,832 | $ | 9.07 | ||||||||||
| Granted | 612,151 | 5.41 | |||||||||||
| Vested | (83,061 | ) | 8.16 | ||||||||||
| Forfeited | (73,897 | ) | 9.82 | ||||||||||
| Nonvested as of September 28, 2013 | 787,025 | $ | 6.25 | ||||||||||
| Total compensation cost related to non-vested stock option awards not yet recognized was $2.8 million as of September 28, 2013, and is expected to be recognized over a weighted-average remaining period of 3.3 years. | |||||||||||||
| Restricted Stock Awards | |||||||||||||
| A summary of the status of non-vested restricted stock awards as of September 28, 2013 including changes during the thirty-nine weeks ended September 28, 2013, is presented below: | |||||||||||||
| Shares | Weighted- | ||||||||||||
| Average | |||||||||||||
| Grant-Date | |||||||||||||
| Fair Value | |||||||||||||
| Restricted stock awards as of December 29, 2012 | 61,075 | $ | 21.43 | ||||||||||
| Granted | 277,095 | 9.39 | |||||||||||
| Vested (1) | (27,765 | ) | 16.42 | ||||||||||
| Forfeited | (25,166 | ) | 21.41 | ||||||||||
| Restricted stock awards as of September 28, 2013 | 285,239 | $ | 10.22 | ||||||||||
| (1) The fair value of restricted stock awards vested during the thirty-nine weeks ended September 28, 2013 was $315,000. | |||||||||||||
| As of September 28, 2013, unrecognized compensation expense of $1.9 million related to non-vested restricted stock awards is expected to be recognized over a weighted-average remaining period of 3.2 years. | |||||||||||||
Earnings_Per_Share
| Earnings Per Share | 9 Months Ended | |||||||||||||||
| Sep. 28, 2013 | ||||||||||||||||
| Earnings Per Share [Abstract] | ' | |||||||||||||||
| Earnings Per Share | ' | |||||||||||||||
| Earnings Per Share | ||||||||||||||||
| Net (loss) income per common share-basic is calculated by dividing net (loss) income available to common stockholders by the weighted-average number of common shares outstanding for the period. Net (loss) income per common share-dilutive includes the determinants of basic (loss) income per common share plus the additional dilution for all potentially dilutive stock options and restricted stock utilizing the treasury stock method and if-converted method, respectively. | ||||||||||||||||
| The following table shows the amounts used in computing (loss) earnings per share and the effect on net (loss) income and the weighted-average number of shares potentially dilutive to common stock: | ||||||||||||||||
| Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||||||||||||||
| September 28, | September 29, | September 28, | September 29, | |||||||||||||
| 2013 | 2012 | 2013 | 2012 | |||||||||||||
| (in thousands, except share | ||||||||||||||||
| and per share data) | ||||||||||||||||
| Net (loss) income as reported | $ | (8,981 | ) | $ | 153 | $ | (19,053 | ) | $ | 9,541 | ||||||
| Net (loss) income attributable to common shareholders | $ | (8,981 | ) | $ | 153 | $ | (19,053 | ) | $ | 9,541 | ||||||
| Weighted-average basic common shares | 16,363,633 | 16,205,845 | 16,318,046 | 16,169,953 | ||||||||||||
| Impact of dilutive shares | ||||||||||||||||
| Stock options | — | 92,886 | — | 167,872 | ||||||||||||
| Restricted stock | — | 6,826 | — | 12,865 | ||||||||||||
| Weighted-average dilutive common shares | 16,363,633 | 16,305,557 | 16,318,046 | 16,350,690 | ||||||||||||
| Per common share: | ||||||||||||||||
| Net (loss) income per common share - basic | $ | (0.55 | ) | $ | 0.01 | $ | (1.17 | ) | $ | 0.59 | ||||||
| Net (loss) income per common share - dilutive | $ | (0.55 | ) | $ | 0.01 | $ | (1.17 | ) | $ | 0.58 | ||||||
| For the thirteen and thirty-nine weeks ended September 28, 2013, diluted loss per common share is the same as basic loss per common share as all common share equivalents are excluded from the calculation as their effect is antidilutive. Common share equivalents of 48,239 and 67,122 shares were excluded from the computation of weighted-average diluted common share amounts for the thirteen and thirty-nine weeks ended September 28, 2013, respectively, that could potentially dilute basic earnings per share in the future. | ||||||||||||||||
| Equity awards to purchase 377,344 shares of common stock for the thirteen and thirty-nine weeks ended September 29, 2012 were outstanding, but were not included in the computation of weighted-average diluted common share amounts as the effect of doing so would have been anti-dilutive. | ||||||||||||||||
Contingencies
| Contingencies | 9 Months Ended |
| Sep. 28, 2013 | |
| Commitments and Contingencies Disclosure [Abstract] | ' |
| Contingencies | ' |
| Contingencies | |
| The Company is involved in various routine legal proceedings incidental to the conduct of its business. In the opinion of management, based on the advice of external legal counsel, the lawsuits and claims pending are not likely to have a material adverse effect on the Company’s financial condition, results of operations or cash flows. Legal fees related to legal proceedings are included in selling, general, and administrative expenses in the unaudited Condensed Consolidated Statements of Comprehensive (Loss) Income. | |
| On August 27, 2012, a securities class action, Mogensen v. Body Central Corp. et al., 3:12-cv-00954, was filed in the United States District Court for the Middle District of Florida against the Company and certain of the Company’s current and former officers and directors. The amended complaint, filed on February 22, 2013, on behalf of persons who acquired the Company’s stock between November 10, 2011 and June 18, 2012, alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 by making false or misleading statements about the business and operations, thereby causing the stock price to be artificially inflated during that period. The complaint seeks monetary damages in an unspecified amount, equitable relief, costs and attorney’s fees. The Company believes that the complaint lacks merit and intends to defend its position vigorously. The Company does not believe a potential loss can be estimated nor does the Company believe the outcome of the class action will have a material adverse effect on the business, financial statements or disclosures. The Company maintains insurance coverage to mitigate such risks and believes coverage limits are adequate to protect against a potential range of outcomes in the alleged class action matter. |
Nature_of_Business_and_Summary1
| Nature of Business and Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
| Sep. 28, 2013 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
| Nature of Business and Organization | ' |
| Nature of Business and Organization | |
| Body Central Corp. (the ‘‘Company’’) is a specialty retailer of young women’s apparel and accessories operating retail stores in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates specialty apparel stores under the Body Central and Body Shop banners as well as a direct business comprised of Body Central’s cata | |
| Principles of Consolidation | ' |
| Principles of Consolidation | |
| In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements include all adjustments, consisting primarily of normal and recurring adjustments, necessary for the fair presentation of consolidated financial position, results of operations, and cash flows for the interim periods presented. All intercompany accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The fiscal year-end December 29, 2012 Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures under GAAP. Accordingly, these unaudited Condensed Consolidated Financial Statements and related notes thereto should be read in conjunction with the consolidated financial statements and notes thereto for the fiscal year ended December 29, 2012, included in the Company’s Annual Report on Form 10-K, filed with the SEC. | |
| Fiscal Year | ' |
| Fiscal Year | |
| The Company’s fiscal year ends on the Saturday closest to December 31. As used herein, the interim periods presented are the thirteen week and thirty-nine week periods ended September 28, 2013 and September 29, 2012, respectively. | |
| Use of Estimates | ' |
| Use of Estimates | |
| The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, management evaluates its estimates and assumptions, including those related to inventory valuation, property and equipment, recoverability of long-lived assets, including intangible assets, income taxes, and stock-based compensation. | |
| Segment Reporting | ' |
| Segment Reporting | |
| The Financial Accounting Standards Board (“FASB”) has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company has aggregated its net revenues generated from its retail stores and its direct business unit into one reportable segment. The Company aggregates its operating segments because they have a similar class of customer, nature of products, and distribution methods as well as similar economic characteristics. The Company has no international sales. All of the Company’s identifiable assets are in the United States. | |
| Revenue Recognition | ' |
| Revenue Recognition | |
| The Company recognizes revenue, and the related cost of goods sold is expensed, at point-of-sale or upon delivery to customers. Historically, the Company recognized revenue from the direct business unit upon shipment of goods. | |
| Inventory shipping and handling fees billed to customers for online and catalog sales are included in net revenues, and the related shipping and handling costs are included in cost of goods sold. Based on historical sales returns, an allowance for sales returns is recorded as a reduction of net revenues in the periods in which the sales are recognized. Sales tax collected from customers is excluded from net revenues and is included as part of accrued expenses and other current liabilities on the unaudited Condensed Consolidated Balance Sheets. | |
| The Company sells gift cards in stores, which do not expire or lose value over periods of inactivity and accounts for gift cards by recognizing a liability at the time a gift card is sold. The Company recognizes income from gift cards and gift certificates when they are redeemed by the customer. | |
| Revenue from unredeemed gift certificates and gift cards is recognized when it is determined that the likelihood of the gift certificate or gift card being redeemed is remote and that there is no legal obligation to remit unredeemed gift certificates and gift cards to relevant jurisdictions. | |
| Cash and Cash Equivalents | ' |
| Cash and Cash Equivalents | |
| The Company considers all short-term investments with an initial maturity of three months or less when purchased to be cash equivalents. | |
| Short-term Investments | ' |
| Short-term Investments | |
| The Company classifies its investments as available-for-sale. Short-term investments which have a maturity of one year or less at acquisition are carried at fair market value. Unrealized gains or losses, net of the related tax effect, are excluded from earnings and reported in accumulated other comprehensive income, a component of Stockholders’ Equity. A decline in the fair value of any available-for-sale security below cost that is deemed other than temporary results in a charge to earnings and the establishment of a new cost basis for the security. To determine whether the decline in fair value is other than temporary, the Company considers whether evidence indicating the cost of the investment is recoverable outweighs evidence to the contrary. Evidence considered in this assessment includes the reasons for the decline in value, the severity and duration of the decline in value, changes in value subsequent to year-end and the forecasted performance of the investment. Interest income is recognized as earned. Income on investments includes the amortization of the premium and accretion of discount for debt securities acquired at other than par value. Realized investment gains and losses are determined on the basis of specific identification. | |
| Inventories | ' |
| Inventories | |
| Inventories are comprised principally of women’s apparel and accessories and are stated at the lower of cost or market, on a first-in-first-out basis, using the retail inventory method. Included in the carrying value of merchandise inventory, and reflected in cost of goods sold, is a reserve for shrinkage which is accrued between physical inventory dates as a percentage of sales based on historical inventory results. | |
| The Company reviews its inventory levels to identify slow-moving merchandise and generally uses markdowns to clear this merchandise. The Company records a markdown reserve based on estimated future markdowns related to current inventory to clear slow-moving inventory. These markdowns may have an adverse impact on earnings, depending on the extent and amount of inventory affected. The markdown reserve is recorded as an increase to cost of goods sold in the unaudited Consolidated Statements of Comprehensive Income. | |
| Goodwill and Intangible Assets | ' |
| Goodwill and Intangible Assets | |
| Goodwill and intangibles with indefinite lives are required by ASC 350-20 Intangibles - Goodwill and Other - Goodwill and ASC 350-30 Intangibles - Goodwill and Other - General Intangibles Other Than Goodwill to be tested for impairment annually. The Company conducts an impairment test of its recorded goodwill and other indefinite-lived intangible assets on the balance sheet date of each fiscal year or more frequently if impairment indicators are present resulting from a change in circumstances. Pursuant to the guidance in ASC 350, the Company first performs a qualitative analysis of its trade name and of the goodwill of the stores and direct business reporting units to determine if a quantitative analysis is necessary. This analysis considers factors such as the year over year change in our competitive retail sector, comparable store sales, catalog sales, stock price fluctuations, actual and forecasted sales, the Company's market value relative to its book value, debt levels, and cash (used in) provided by operations. The qualitative analysis further evaluates the progress and impact of changes in its infrastructure and refinements to the Company’s strategic objectives. If, during the qualitative analysis, the Company determines that it is more likely than not that carrying value of the reporting unit or trade name is greater than its fair value, a quantitative analysis is performed. | |
| Goodwill and indefinite-lived intangible reviews are highly judgmental and involve the use of significant estimates and assumptions. These estimates and assumptions can have a significant impact on the amount of any impairment loss recorded. The Company uses discounted cash flow methods (income valuation approach) which are dependent on future sales trends, market conditions and the cash flows from each reporting unit over several years. Actual cash flows in the future may differ significantly from those previously forecasted. Forecasts consider the potential impact of certain factors including strategic growth initiatives centered on a more consistent and singular approach to branding, merchandise content and customer messaging, as well as expectations of improvements in comparable store sales trends. If these growth strategies are not achieved, the Company could experience an impairment of goodwill or intangible assets. Other significant assumptions in this forecast include growth rates and the discount rates applicable to future cash flows. | |
| When the Company determines the quantitative testing for its trade name is necessary, the Company compares the carrying value of the trade name to its fair value; if the carrying value exceeds its fair value, an impairment loss is recognized in an amount equal to the excess. In assessing the fair value of its trade name, the Company uses the relief-from-royalty discounted cash flow approach. | |
| During the third quarter of 2013, the Company determined that a quantitative review for its trade name was necessary primarily as a result of a decrease in the Company’s stock price of 51.5% during the third quarter of 2013 and decline in the Company’s overall financial performance for the thirteen and thirty-nine weeks ended September 28, 2013 as compared to the forecast, including lower-than-expected sales for both the stores and direct reporting units and an overall decline in net working capital available to fund operations. The Company compared the $16.6 million carrying value of the trade name to its fair value calculated using the relief-from-royalty discounted cash flow method and determined that the fair value of the trade name exceeded its carrying value. | |
| If the Company determines the quantitative testing for goodwill impairment is necessary, the first step involves comparing the fair value of a reporting unit to its carrying amount, including goodwill, after any long-lived asset impairment charges. If the carrying amount of the reporting unit exceeds its fair value, a second step is performed to determine whether there is a goodwill impairment, and if so, the amount of the loss. This step revalues all assets and liabilities of the reporting unit to their current fair value and then compares the implied fair value of the reporting unit’s goodwill to the carrying amount of that goodwill. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess. In assessing the fair value of its goodwill, the Company uses the discounted cash flow method. | |
| In accordance with ASC 350, the Company tested goodwill for its stores and direct business reporting units as of December 29, 2012 and determined that it was more likely than not that the carrying value was less than its estimated fair value. The Company performed an interim impairment evaluation during the second quarter of 2013; based on the results of that review, the Company recorded an impairment loss for its direct reporting unit for $10.4 million as of June 29, 2013. Consequently, the direct business unit had no remaining goodwill. | |
| During the third quarter of 2013, the Company determined that a quantitative review for its stores reporting unit was necessary primarily as a result of continued negative comparable store sales, lower-than-expected new store sales, and declining profit margin resulting from markdowns. Using a discounted cash flow valuation model, the Company estimated the fair value of the reporting unit and determined that the fair value of the stores reporting unit exceeded its carrying value. | |
| New Accounting Standards | ' |
| New Accounting Standards | |
| In February 2013, the FASB issued ASU No. 2013-2, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU No. 2013-2 requires presentation of reclassification adjustments from each component of accumulated other comprehensive income either in a single note or parenthetically on the face of the financial statements, for those amounts required to be reclassified into net income in their entirety in the same reporting period. For amounts that are not required to be reclassified in their entirety in the same reporting period, cross-reference to other disclosures is required. The Company fully adopted the guidance during the first quarter 2013. There were no classification adjustments for the thirteen week or thirty-nine week periods ended September 28, 2013. The adoption of this guidance did not have a material impact on the Company’s financial statements or disclosures. |
Nature_of_Business_and_Summary2
| Nature of Business and Summary of Significant Accounting Policies (Tables) | 9 Months Ended | |||||||
| Sep. 28, 2013 | ||||||||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||
| Schedule of changes in the carrying amount of goodwill | ' | |||||||
| The change in the carrying value for the thirteen and thirty-nine weeks ended September 28, 2013 is as follows: | ||||||||
| September 28, | December 29, | |||||||
| 2013 | 2012 | |||||||
| (in thousands) | ||||||||
| Goodwill, gross | $ | 55,470 | $ | 55,470 | ||||
| Accumulated impairment losses | (44,320 | ) | (33,962 | ) | ||||
| Goodwill, net of impairments | $ | 11,150 | $ | 21,508 | ||||
Financial_Instruments_Tables
| Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||||
| Sep. 28, 2013 | |||||||||||||||||
| Financial Instruments | ' | ||||||||||||||||
| Schedule of the assets that are measured at fair value on a recurring basis | ' | ||||||||||||||||
| September 28, | Quoted | Significant | Significant | ||||||||||||||
| Prices in | Other | Unobservable | |||||||||||||||
| Active | Observable | Inputs | |||||||||||||||
| Markets | Inputs | ||||||||||||||||
| Description | 2013 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
| (in thousands) | |||||||||||||||||
| Municipal Bonds | 5,022 | — | 5,022 | — | |||||||||||||
| Total | $ | 5,022 | $ | — | $ | 5,022 | $ | — | |||||||||
| September 29, | Quoted | Significant | Significant | ||||||||||||||
| Prices in | Other | Unobservable | |||||||||||||||
| Active | Observable | Inputs | |||||||||||||||
| Markets | Inputs | ||||||||||||||||
| Description | 2012 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
| (in thousands) | |||||||||||||||||
| Municipal Bonds | $ | 12,520 | $ | — | $ | 12,520 | $ | — | |||||||||
| Money Market Funds | 1,642 | 1,642 | — | — | |||||||||||||
| Certificates of Deposit | 2,192 | 2,192 | — | — | |||||||||||||
| Total | $ | 16,354 | $ | 3,834 | $ | 12,520 | $ | — | |||||||||
Income_Taxes_Tables
| Income Taxes (Tables) | 9 Months Ended | |||||||||||
| Sep. 28, 2013 | ||||||||||||
| Income Tax Disclosure [Abstract] | ' | |||||||||||
| Schedule of difference between effective rate and statutory rate | ' | |||||||||||
| Thirteen Weeks Ended | Thirty-Nine Weeks Ended | |||||||||||
| September 28, | September 29, | September 28, | September 29, | |||||||||
| 2013 | 2012 | 2013 | 2012 | |||||||||
| Amount computed using statutory rates | 35 | % | 35 | % | 35 | % | 35 | % | ||||
| State and local income taxes, net of federal benefit | 3.8 | (10.2 | ) | 2.7 | 2.8 | |||||||
| Impairment of goodwill | — | — | (14.3 | ) | — | |||||||
| Other | 4.2 | 12.5 | 3.4 | — | ||||||||
| Provision for income tax rate | 43 | % | 37.3 | % | 26.8 | % | 37.8 | % | ||||
Leases_Tables
| Leases (Tables) | 9 Months Ended | ||||
| Sep. 28, 2013 | |||||
| Leases [Abstract] | ' | ||||
| Schedule of future minimum rental commitments | ' | ||||
| Future minimum rental commitments, by year and in the aggregate, under non-cancelable operating leases as of September 28, 2013, are as follows: | |||||
| Fiscal Year | (in thousands) | ||||
| 2013 Remaining | $ | 6,960 | |||
| 2014 | 25,474 | ||||
| 2015 | 23,582 | ||||
| 2016 | 20,879 | ||||
| 2017 | 16,305 | ||||
| Thereafter | 24,063 | ||||
| Total | $ | 117,263 | |||
StockBased_Compensation_Plan_T
| Stock-Based Compensation Plan (Tables) | 9 Months Ended | ||||||||||||
| Sep. 28, 2013 | |||||||||||||
| Stockholders' Equity Note [Abstract] | ' | ||||||||||||
| Schedule of weighted-average assumptions | ' | ||||||||||||
| The fair value of each option grant for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively, was calculated on the grant date using the Black-Scholes option-pricing model with the following weighted-average assumptions, respectively: | |||||||||||||
| Thirty-Nine Weeks Ended | |||||||||||||
| September 28, | September 29, | ||||||||||||
| 2013 | 2012 | ||||||||||||
| Expected option term (1) | 6.25 years | 6.25 years | |||||||||||
| Expected volatility factor (2) | 64.5 | % | 66.3 | % | |||||||||
| Risk-free interest rate (3) | 1.1 | % | 1 | % | |||||||||
| Expected annual dividend yield | 0 | % | 0 | % | |||||||||
| (1) Since there was not sufficient historical information for grants with similar terms, the simplified or “plain-vanilla” method of estimating option life was utilized. | |||||||||||||
| (2) The stock volatility for each grant is measured using the weighted average of historical weekly price changes of certain peer companies’ common stock over the most recent period equal to the expected option life of the grant. The Company uses peer companies’ volatility because there is not sufficient historical data to calculate volatility since the Company has been public less than three years and the expected term is over six years. These peer companies represent other publicly traded retailers in the female fashion segment. | |||||||||||||
| (3) The risk-free interest rate for periods equal to the expected term of the share option is based on the rate of U.S. Treasury securities with the same duration to maturity as the expected term of the option as of the grant date. | |||||||||||||
| Summary of stock option information | ' | ||||||||||||
| A summary of stock option activity for the thirty-nine weeks ended September 28, 2013 is as follows: | |||||||||||||
| Shares | Weighted- | Weighted- | Aggregate | ||||||||||
| Average | Average | Intrinsic | |||||||||||
| Exercise | Remaining | Value | |||||||||||
| Price | Contractual | ||||||||||||
| Term | |||||||||||||
| in ‘000s | |||||||||||||
| Outstanding as of December 29, 2012 | 505,297 | $ | 13.21 | ||||||||||
| Granted | 612,151 | 9.1 | |||||||||||
| Exercised (1) | (98,501 | ) | 3.32 | ||||||||||
| Expired | (12,739 | ) | 18.76 | ||||||||||
| Forfeited | (73,897 | ) | 16.82 | ||||||||||
| Outstanding as of September 28, 2013 | 932,311 | $ | 11.19 | 8.93 years | $ | 0 | |||||||
| Exercisable as of September 28, 2013 | 145,286 | $ | 15.5 | 7.73 years | $ | 0 | |||||||
| (1) The fair value of options exercised during the thirty-nine weeks ended September 28, 2013 was $927,000. | |||||||||||||
| Summary of the status of nonvested option awards | ' | ||||||||||||
| A summary of the status of non-vested options awards as of September 28, 2013 including changes during the thirty-nine weeks ended September 28, 2013, is presented below: | |||||||||||||
| Shares | Weighted- | ||||||||||||
| Average | |||||||||||||
| Grant-Date | |||||||||||||
| Fair Value | |||||||||||||
| Nonvested as of December 29, 2012 | 331,832 | $ | 9.07 | ||||||||||
| Granted | 612,151 | 5.41 | |||||||||||
| Vested | (83,061 | ) | 8.16 | ||||||||||
| Forfeited | (73,897 | ) | 9.82 | ||||||||||
| Nonvested as of September 28, 2013 | 787,025 | $ | 6.25 | ||||||||||
| Summary of the status of nonvested restricted stock awards | ' | ||||||||||||
| A summary of the status of non-vested restricted stock awards as of September 28, 2013 including changes during the thirty-nine weeks ended September 28, 2013, is presented below: | |||||||||||||
| Shares | Weighted- | ||||||||||||
| Average | |||||||||||||
| Grant-Date | |||||||||||||
| Fair Value | |||||||||||||
| Restricted stock awards as of December 29, 2012 | 61,075 | $ | 21.43 | ||||||||||
| Granted | 277,095 | 9.39 | |||||||||||
| Vested (1) | (27,765 | ) | 16.42 | ||||||||||
| Forfeited | (25,166 | ) | 21.41 | ||||||||||
| Restricted stock awards as of September 28, 2013 | 285,239 | $ | 10.22 | ||||||||||
| (1) The fair value of restricted stock awards vested during the thirty-nine weeks ended September 28, 2013 was $315,000. | |||||||||||||
Earnings_Per_Share_Tables
| Earnings Per Share (Tables) | 9 Months Ended | |||||||||||||||
| Sep. 28, 2013 | ||||||||||||||||
| Earnings Per Share [Abstract] | ' | |||||||||||||||
| Schedule of computation of (loss) income per common share | ' | |||||||||||||||
| The following table shows the amounts used in computing (loss) earnings per share and the effect on net (loss) income and the weighted-average number of shares potentially dilutive to common stock: | ||||||||||||||||
| Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||||||||||||||
| September 28, | September 29, | September 28, | September 29, | |||||||||||||
| 2013 | 2012 | 2013 | 2012 | |||||||||||||
| (in thousands, except share | ||||||||||||||||
| and per share data) | ||||||||||||||||
| Net (loss) income as reported | $ | (8,981 | ) | $ | 153 | $ | (19,053 | ) | $ | 9,541 | ||||||
| Net (loss) income attributable to common shareholders | $ | (8,981 | ) | $ | 153 | $ | (19,053 | ) | $ | 9,541 | ||||||
| Weighted-average basic common shares | 16,363,633 | 16,205,845 | 16,318,046 | 16,169,953 | ||||||||||||
| Impact of dilutive shares | ||||||||||||||||
| Stock options | — | 92,886 | — | 167,872 | ||||||||||||
| Restricted stock | — | 6,826 | — | 12,865 | ||||||||||||
| Weighted-average dilutive common shares | 16,363,633 | 16,305,557 | 16,318,046 | 16,350,690 | ||||||||||||
| Per common share: | ||||||||||||||||
| Net (loss) income per common share - basic | $ | (0.55 | ) | $ | 0.01 | $ | (1.17 | ) | $ | 0.59 | ||||||
| Net (loss) income per common share - dilutive | $ | (0.55 | ) | $ | 0.01 | $ | (1.17 | ) | $ | 0.58 | ||||||
Nature_of_Business_and_Summary3
| Nature of Business and Summary of Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
| Sep. 28, 2013 | Jun. 29, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Dec. 29, 2012 | |
| item | ||||||
| Segment Reporting | ' | ' | ' | ' | ' | ' |
| Number of reportable segments | ' | ' | ' | 1 | ' | ' |
| International sales | ' | ' | ' | $0 | ' | ' |
| Revenue recognition | ' | ' | ' | ' | ' | ' |
| Legal obligation to remit unredeemed gift certificates to relevant jurisdictions | ' | ' | ' | 0 | ' | ' |
| Goodwill and Intangible Assets | ' | ' | ' | ' | ' | ' |
| Drop In stock price, percentage | 51.50% | ' | ' | ' | ' | ' |
| Carrying value of trade name | 16,574,000 | ' | 16,574,000 | 16,574,000 | 16,574,000 | 16,574,000 |
| Carry value of goodwill | 0 | 10,358,000 | 0 | 10,358,000 | 0 | ' |
| Changes in the carrying amount of goodwill | ' | ' | ' | ' | ' | ' |
| Goodwill, gross | 55,470,000 | ' | ' | 55,470,000 | ' | 55,470,000 |
| Accumulated impairment losses | -44,320,000 | ' | ' | -44,320,000 | ' | -33,962,000 |
| Goodwill, net of impairments | $11,150,000 | ' | $21,508,000 | $11,150,000 | $21,508,000 | $21,508,000 |
Financial_Instruments_Details
| Financial Instruments (Details) (USD $) | Sep. 28, 2013 | Sep. 29, 2012 |
| In Thousands, unless otherwise specified | ||
| Municipal Bonds | Cash and cash equivalents | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | $666 | ' |
| Total | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | 5,022 | 16,354 |
| Total | Municipal Bonds | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | ' | 12,520 |
| Total | Money Market Securities | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | 5,022 | 1,642 |
| Total | Certificates of Deposit | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | ' | 2,192 |
| Quoted Prices in Active Markets (Level 1) | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | ' | 3,834 |
| Quoted Prices in Active Markets (Level 1) | Money Market Securities | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | ' | 1,642 |
| Quoted Prices in Active Markets (Level 1) | Certificates of Deposit | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | ' | 2,192 |
| Significant Other Observable Inputs (Level 2) | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | 5,022 | 12,520 |
| Significant Other Observable Inputs (Level 2) | Municipal Bonds | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | ' | 12,520 |
| Significant Other Observable Inputs (Level 2) | Money Market Securities | ' | ' |
| Fair value of assets on a recurring basis | ' | ' |
| Fair value | $5,022 | ' |
Income_Taxes_Details
| Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Millions, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
| Tax rate reconciliation | ' | ' | ' | ' |
| Amount computed using statutory rates (as a percent) | 35.00% | 35.00% | 35.00% | 35.00% |
| State and local income taxes, net of federal benefit (as a percent) | 3.80% | -10.20% | 2.70% | 2.80% |
| Impairment of goodwill (as a percent) | 0.00% | 0.00% | -14.30% | 0.00% |
| Other (as a percent) | 4.20% | 12.50% | 3.40% | 0.00% |
| (Benefit) provision for income effective tax rate (as a percent) | 43.00% | 37.30% | 26.80% | 37.80% |
| Uncertain tax positions, which would result in an income tax liability | $0 | ' | $0 | ' |
Related_Parties_Details
| Related Parties (Details) (Entity owned by certain members of management who are also stockholders of the Company, USD $) | 9 Months Ended | |
| Sep. 28, 2013 | Sep. 29, 2012 | |
| Entity owned by certain members of management who are also stockholders of the Company | ' | ' |
| Related Parties | ' | ' |
| Rent expense | $368,000 | $361,000 |
Leases_Details
| Leases (Details) (USD $) | 9 Months Ended |
| In Thousands, unless otherwise specified | Sep. 28, 2013 |
| Leases [Abstract] | ' |
| Maximum lease term | '10 years |
| Future minimum rental commitments | ' |
| 2013 remaining | $6,960 |
| 2014 | 25,474 |
| 2015 | 23,582 |
| 2016 | 20,879 |
| 2017 | 16,305 |
| Thereafter | 24,063 |
| Total | $117,263 |
Debt_Details
| Debt (Details) (USD $) | 1 Months Ended | 9 Months Ended | |
| In Millions, unless otherwise specified | Jan. 31, 2012 | Sep. 28, 2013 | Jan. 20, 2012 |
| Debt | ' | ' | ' |
| Borrowings from the revolving credit facility | ' | $0 | ' |
| Branch Banking and Trust Company | ' | ' | ' |
| Debt | ' | ' | ' |
| Maximum borrowing facility | ' | 5 | 5 |
| Maximum borrowing capacity to be increased at sole discretion of the lender | ' | ' | 20 |
| Revolving line of credit facility, one month LIBOR | 'one month LIBOR | 'one month LIBOR | ' |
| Revolving line of credit facility, margin rate over one month LIBOR (as a percent) | ' | 1.35% | 1.35% |
| Interest rate, variable interest rate floor (as a percent) | ' | 2.00% | 2.00% |
| Tangible net worth required to be maintained | ' | $30 | $30 |
StockBased_Compensation_Plan_D
| Stock-Based Compensation Plan (Details) (USD $) | 0 Months Ended | 9 Months Ended | |||||||||||
| 24-May-12 | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 28, 2013 | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | ||||
| Selling, general and administrative expenses | Selling, general and administrative expenses | Cost of goods sold | Cost of goods sold | Maximum | Minimum | Option Awards | Option Awards | Restricted Stock Awards | |||||
| Stock option information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Stock-based compensation expense | ' | $2,200,000 | $969,000 | ($109,000) | $504,000 | ' | ' | ' | ' | ' | |||
| Increase in the number of shares available under the Plan | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Percentage of unvested award that will vest | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Weighted average assumptions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Expected option term | ' | ' | ' | ' | ' | ' | '6 years | '6 years 3 months | [1] | '6 years 3 months | [1] | ' | |
| Expected volatility factor (as a percent) | ' | ' | ' | ' | ' | ' | ' | 64.50% | [2] | 66.30% | [2] | ' | |
| Risk-free interest rate (as a percent) | ' | ' | ' | ' | ' | ' | ' | 1.10% | [3] | 1.00% | [3] | ' | |
| Expected annual dividend yield (as a percent) | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | ' | |||
| Period for which the entity has been public | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | |||
| Outstanding options, number of shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Balance at the beginning of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | 505,297 | ' | ' | |||
| Granted (in shares) | ' | ' | ' | ' | ' | ' | ' | 612,151 | ' | ' | |||
| Exercised (in shares) | ' | ' | ' | ' | ' | ' | ' | -98,501 | [4] | ' | ' | ||
| Expired (in shares) | ' | ' | ' | ' | ' | ' | ' | -12,739 | ' | ' | |||
| Forfeited (in shares) | ' | ' | ' | ' | ' | ' | ' | -73,897 | ' | ' | |||
| Balance at the end of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | 932,311 | ' | ' | |||
| Exercisable at the end of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | 145,286 | ' | ' | |||
| Outstanding options, Weighted-Average Exercise Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Balance at the beginning of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $13.21 | ' | ' | |||
| Granted (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $9.10 | ' | ' | |||
| Exercised (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $3.32 | [4] | ' | ' | ||
| Expired (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $18.76 | ' | ' | |||
| Forfeited (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $16.82 | ' | ' | |||
| Balance at the end of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $11.19 | ' | ' | |||
| Exercisable at the end of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $15.50 | ' | ' | |||
| Outstanding options, Weighted-Average Remaining Contractual Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Weighted-Average Remaining Contractual Term | ' | ' | ' | ' | ' | ' | ' | '8 years 11 months 5 days | ' | ' | |||
| Outstanding at the end of the period | ' | ' | ' | ' | ' | ' | ' | '7 years 8 months 23 days | ' | ' | |||
| Aggregate Intrinsic Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Outstanding at the end of the period (in dollars) | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | |||
| Exercisable at the end of the period (in dollars) | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | |||
| Fair value of options exercised (in dollars) | ' | ' | ' | ' | ' | ' | ' | 927,000 | ' | 315,000 | |||
| Nonvested options, number of shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Granted (in shares) | ' | ' | ' | ' | ' | ' | ' | 612,151 | ' | ' | |||
| Vested (in shares) | ' | ' | ' | ' | ' | ' | ' | -83,061 | ' | ' | |||
| Forfeited (in shares) | ' | ' | ' | ' | ' | ' | ' | -73,897 | ' | ' | |||
| Nonvested at the end of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | 787,025 | 331,832 | ' | |||
| Nonvested options, weighted-average grant-date fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Granted (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $5.41 | ' | ' | |||
| Vested (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $8.16 | ' | ' | |||
| Forfeited (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $9.82 | ' | ' | |||
| Nonvested at the end of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $6.25 | $9.07 | ' | |||
| Unrecognized compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Compensation cost related to nonvested stock option awards not yet recognized | ' | ' | ' | ' | ' | ' | ' | $2,800,000 | ' | $1,900,000 | |||
| Period over which unrecognized compensation expense is expected to be recognized | ' | ' | ' | ' | ' | ' | ' | '3 years 3 months 18 days | ' | '3 years 2 months 12 days | |||
| Number of Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Nonvested at the beginning of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61,075 | |||
| Granted (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 277,095 | |||
| Vested (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -27,765 | [5] | ||
| Forfeited (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -25,166 | |||
| Nonvested at the end of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 285,239 | |||
| Weighted-Average Grant-Date Fair Value Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
| Nonvested at the beginning of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $21.43 | |||
| Granted (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9.39 | |||
| Vested (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $16.42 | [5] | ||
| Forfeited (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $21.41 | |||
| Nonvested at the end of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10.22 | |||
| [1] | Since there was not sufficient historical information for grants with similar terms, the simplified or b plain-vanillab method of estimating option life was utilized. | ||||||||||||
| [2] | The stock volatility for each grant is measured using the weighted average of historical weekly price changes of certain peer companiesb common stock over the most recent period equal to the expected option life of the grant. The Company uses peer companiesb volatility because there is not sufficient historical data to calculate volatility since the Company has been public less than three years and the expected term is over six years. These peer companies represent other publicly traded retailers in the female fashion segment. | ||||||||||||
| [3] | The risk-free interest rate for periods equal to the expected term of the share option is based on the rate of U.S. Treasury securities with the same duration to maturity as the expected term of the option as of the grant date. | ||||||||||||
| [4] | The fair value of options exercised during the thirty-nine weeks ended September 28, 2013 was $927,000. | ||||||||||||
| [5] | The fair value of restricted stock awards vested during the thirty-nine weeks ended September 28, 2013 was $315,000. | ||||||||||||
Earnings_Per_Share_Details
| Earnings Per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
| Net (loss) income as reported | ($8,981) | $153 | ($19,053) | $9,541 |
| Net (loss) income attributable to common shareholders | ($8,981) | $153 | ($19,053) | $9,541 |
| Weighted-average basic common shares | 16,363,633 | 16,205,845 | 16,318,046 | 16,169,953 |
| Weighted average dilutive common shares | 16,363,633 | 16,305,557 | 16,318,046 | 16,350,690 |
| Per common share: | ' | ' | ' | ' |
| Net (loss) income per common share - basic (in dollars per share) | ($0.55) | $0.01 | ($1.17) | $0.59 |
| Net (loss) income per common share - dilutive (in dollars per share) | ($0.55) | $0.01 | ($1.17) | $0.58 |
| Antidilutive securities (in shares) | 48,239 | 377,344 | 67,122 | 377,344 |
| Option Awards | ' | ' | ' | ' |
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
| Weighted average dilutive common shares | 0 | 92,886 | 0 | 167,872 |
| Restricted Stock Awards | ' | ' | ' | ' |
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
| Weighted average dilutive common shares | 0 | 6,826 | 0 | 12,865 |