Vince Holding (VNCE) 10-Q 10 Dec 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2015	Dec. 07, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	VNCE
Entity Registrant Name	VINCE HOLDING CORP.
Entity Central Index Key	1,579,157
Current Fiscal Year End Date	--01-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		36,779,417

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Current assets:
Cash and cash equivalents	$ 124	$ 112
Trade receivables, net	18,868	33,797
Inventories, net	43,895	37,419
Prepaid expenses and other current assets	10,252	9,812
Total current assets	73,139	81,140
Property, plant and equipment, net	36,302	28,349
Intangible assets, net	109,196	109,644
Goodwill	63,746	63,746
Deferred income taxes and other assets	93,122	95,769
Total assets	375,505	378,648
Current liabilities:
Accounts payable	30,154	29,118
Accrued salaries and employee benefits	1,972	7,380
Other accrued expenses	29,469	27,992
Total current liabilities	61,595	64,490
Long-term debt	75,219	84,450
Deferred rent	14,517	11,676
Other liabilities	$ 148,003	$ 146,063
Commitments and contingencies
Stockholders' equity:
Common stock at $0.01 par value (100,000,000 shares authorized, 36,775,443 and 36,748,245 shares issued and outstanding at October 31, 2015 and January 31, 2015, respectively)	$ 368	$ 367
Additional paid-in capital	1,012,124	1,011,244
Accumulated deficit	(936,256)	(939,577)
Accumulated other comprehensive loss	(65)	(65)
Total stockholders' equity	76,171	71,969
Total liabilities and stockholders' equity	$ 375,505	$ 378,648

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2015	Jan. 31, 2015
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	36,775,443	36,748,245
Common stock, shares outstanding	36,775,443	36,748,245

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Income Statement [Abstract]
Net sales	$ 80,859	$ 102,947	$ 220,694	$ 245,725
Cost of products sold	40,854	52,299	129,159	124,652
Gross profit	40,005	50,648	91,535	121,073
Selling, general and administrative expenses	27,662	25,818	80,633	71,092
Income from operations	12,343	24,830	10,902	49,981
Interest expense, net	1,428	2,235	4,367	7,570
Other expense, net	899	72	1,390	557
Income before income taxes	10,016	22,523	5,145	41,854
Provision for income taxes	4,123	9,212	1,824	16,658
Net Income	$ 5,893	$ 13,311	$ 3,321	$ 25,196
Earnings per share:
Basic earnings per share	$ 0.16	$ 0.36	$ 0.09	$ 0.69
Diluted earnings per share	$ 0.16	$ 0.35	$ 0.09	$ 0.66
Weighted average shares outstanding:
Basic	36,775,443	36,728,969	36,767,770	36,726,338
Diluted	36,816,972	38,303,603	37,633,633	38,243,368

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 5,893	$ 13,311	$ 3,321	$ 25,196
Comprehensive income	$ 5,893	$ 13,311	$ 3,321	$ 25,196

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Operating activities
Net income	$ 3,321	$ 25,196
Add (deduct) items not affecting operating cash flows:
Depreciation	5,792	3,111
Amortization of intangible assets	448	449
Amortization of deferred financing costs	959	912
Amortization of deferred rent	1,536	2,182
Deferred income taxes	2,871	15,695
Share-based compensation expense	706	1,250
Loss on disposal of property, plant and equipment	309
Changes in assets and liabilities:
Receivables, net	14,929	2,106
Inventories, net	(6,476)	(18,769)
Prepaid expenses and other current assets	848	4,825
Accounts payable and accrued expenses	(1,904)	3,521
Other assets and liabilities	795	958
Net cash provided by operating activities	24,134	41,436
Investing activities
Payments for capital expenditures	(14,107)	(15,306)
Net cash used in investing activities	(14,107)	(15,306)
Financing activities
Proceeds from borrowings under the Revolving Credit Facility	108,423	41,700
Payments for Revolving Credit Facility	(98,514)	(21,200)
Payments for Term Loan Facility	(20,000)	(68,000)
Fees paid for Term Loan Facility and Revolving Credit Facility	(99)	(114)
Stock option exercise	175	34
Net cash used in financing activities	(10,015)	(47,580)
Increase (decrease) in cash and cash equivalents	12	(21,450)
Cash and cash equivalents, beginning of period	112	21,484
Cash and cash equivalents, end of period	124	34
Supplemental Disclosures of Cash Flow Information
Cash payments for interest	2,945	6,966
Cash payments for income taxes, net of refunds	1,235	65
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Capital expenditures in accounts payable	$ 517	$ 223

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Oct. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Note 1. Description of Business and Basis of Presentation On November 27, 2013, Vince Holding Corp. (“VHC” or the “Company”), previously known as Apparel Holding Corp., closed an initial public offering (“IPO”) of its common stock and completed a series of restructuring transactions (the “Restructuring Transactions”) through which (i) Kellwood Holding, LLC acquired the non-Vince businesses, which include Kellwood Company, LLC (“Kellwood Company” or “Kellwood”), from the Company and (ii) the Company continues to own and operate the Vince business, which includes Vince, LLC. Prior to the IPO and the Restructuring Transactions, VHC was a diversified apparel company operating a broad portfolio of fashion brands, which included the Vince business and other businesses. As a result of the IPO and Restructuring Transactions, the non-Vince businesses were separated from the Vince business, and the stockholders immediately prior to the consummation of the Restructuring Transactions (the “Pre-IPO Stockholders”) retained full ownership and control of the non-Vince businesses through their ownership of Kellwood Holding, LLC. The Vince business is now the sole operating business of Vince Holding Corp. In this interim report on Form 10-Q, “Kellwood” refers, as applicable and unless otherwise defined, to any of (i) Kellwood Company, (ii) Kellwood Company, LLC (a limited liability company to which Kellwood Company converted at the time of the Restructuring Transactions related to our IPO) or (iii) the operations of the non-Vince businesses after giving effect to our IPO and the related Restructuring Transactions. (A) Description of Business: Vince is a leading contemporary fashion brand best known for modern effortless style and everyday luxury essentials. Established in 2002, the brand now offers a wide range of women’s and men’s apparel, women’s and men’s footwear and handbags. We reach our customers through a variety of channels, specifically through premier wholesale department stores and specialty stores in the United States (“U.S.”) and select international markets, as well as through our branded retail locations and our website. We design our products in the U.S. and source the vast majority of our products from contract manufacturers outside the U.S., primarily in Asia and South America. Products are manufactured to meet our product specifications and labor standards. (B) Basis of Presentation : The accompanying condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. Therefore, these financial statements should be read in conjunction with VHC’s audited financial statements for the fiscal year ended January 31, 2015, as set forth in the 2014 Annual Report on Form 10-K. The condensed consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries as of October 31, 2015. All intercompany accounts and transactions have been eliminated. The amounts and disclosures included in the notes to the condensed consolidated financial statements, unless otherwise indicated, are presented on a continuing operations basis. In the opinion of management, the financial statements contain all adjustments (consisting solely of normal recurring adjustments) and disclosures necessary to make the information presented therein not misleading. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or the fiscal year as a whole. As used in this report, unless the context requires otherwise, “our,” “us,” “we” and the “Company” refer to VHC and its consolidated subsidiaries. (C) Our Business and Liquidity: During fiscal 2015 we have experienced declining sales and additional costs associated with making strategic investments for the future growth of the VINCE brand, including costs associated with the write-down of excess inventory, consulting agreements with our co-founders and the reorganization of our management team. We believe these significant investments are essential to our commitment to developing a strong foundation from which we can drive consistent profitable growth for the long term. We have also undertaken steps to enhance our liquidity position. Accordingly, on December 9, 2015 we received a Rights Offering Commitment Letter from Sun Capital Partners V, L.P. (“Sun Fund V”) that commits Sun Fund V to provide the Company with an amount equal to $65,000 of cash proceeds in the event that the Company conducts a rights offering for its common stock to its stockholders (a “Rights Offering”). Such Contribution Obligation (as defined herein) will be reduced by any proceeds received from the Rights Offering. Refer to Note 12. Related Party Transactions for additional details. Proceeds committed to us under the Rights Offering Commitment Letter from Sun Fund V will provide the Company with additional liquidity that will allow us to maintain a net debt balance sufficient to comply with any covenants under our Term Loan Facility and our Revolving Credit Facility, as well as provide additional cash for use in our operations. Refer to Note 4. Financing Arrangements and Note 5. Long-Term Debt for additional details regarding our debt covenants. However, failure to achieve our operational and strategic objectives could have a significant adverse effect on our operations, liquidity and compliance with debt covenants.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Oct. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 2. Goodwill and Intangible Assets Goodwill balances and changes therein subsequent to the January 31, 2015 condensed consolidated balance sheet are as follows (in thousands): Gross Goodwill Accumulated Impairment Net Goodwill Balance as of January 31, 2015 $ 110,688 $ (46,942 ) $ 63,746 Balance as of October 31, 2015 $ 110,688 $ (46,942 ) $ 63,746 Identifiable intangible assets summary (in thousands): Gross Amount Accumulated Amortization Net Book Value Balance as of January 31, 2015: Amortizable intangible assets: Customer relationships $ 11,970 $ (4,176 ) $ 7,794 Indefinite-lived intangible assets: Trademarks 101,850 — 101,850 Total intangible assets $ 113,820 $ (4,176 ) $ 109,644 Gross Amount Accumulated Amortization Net Book Value Balance as of October 31, 2015 Amortizable intangible assets: Customer relationships $ 11,970 $ (4,624 ) $ 7,346 Indefinite-lived intangible assets: Trademarks 101,850 — 101,850 Total intangible assets $ 113,820 $ (4,624 ) $ 109,196 Amortization of identifiable intangible assets was $149 and $150 for the three months ended October 31, 2015 and November 1, 2014, respectively, and $448 and $449 for the nine months ended October 31, 2015 and November 1, 2014, respectively.

Fair Value

Fair Value	9 Months Ended
	Oct. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value	Note 3. Fair Value Accounting Standards Codification (“ASC”) Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This guidance outlines a valuation framework, creates a fair value hierarchy to increase the consistency and comparability of fair value measurements, and details the disclosures that are required for items measured at fair value. Financial assets and liabilities are to be measured using inputs from three levels of the fair value hierarchy as follows: Level 1 — quoted market prices in active markets for identical assets or liabilities Level 2 — observable market-based inputs (quoted prices for similar assets and liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active) or inputs that are corroborated by observable market data Level 3 — significant unobservable inputs that reflect our assumptions and are not substantially supported by market data The Company did not have any non-financial assets or non-financial liabilities recognized at fair value on a recurring basis at October 31, 2015 or January 31, 2015. At October 31, 2015 and January 31, 2015, the Company believes that the carrying value of cash and cash equivalents, receivables and accounts payable approximates fair value, due to the short maturity of these items. As the Company’s debt obligations as of October 31, 2015 are at variable rates, the fair value approximates the carrying value of the Company’s debt. The Company’s non-financial assets, which primarily consist of goodwill, intangible assets, and property and equipment, are not required to be measured at fair value on a recurring basis and are reported at their carrying value. However, on a periodic basis whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable (and at least annually for goodwill and indefinite lived intangible assets), non-financial assets are assessed for impairment and, if applicable, written down to (and recorded at) fair value.

Financing Arrangements

Financing Arrangements	9 Months Ended
	Oct. 31, 2015
Debt Disclosure [Abstract]
Financing Arrangements	Note 4. Financing Arrangements Revolving Credit Facility On November 27, 2013, Vince, LLC entered into a $50,000 senior secured revolving credit facility (as amended from time to time, the “Revolving Credit Facility”) with Bank of America, N.A. (“BofA”) as administrative agent. Vince, LLC is the borrower and VHC and Vince Intermediate Holding, LLC, a direct subsidiary of VHC and the direct parent company of Vince, LLC (“Vince Intermediate”), are the guarantors under the Revolving Credit Facility. On June 3, 2015, Vince LLC entered into a first amendment to the Revolving Credit Facility, that among other things, increased the aggregate commitments under the facility from $50,000 to $80,000, subject to a loan cap of $70,000 until debt obligations under the Company’s term loan facility have been paid in full, and extended the maturity date from November 27, 2018 to June 3, 2020. The Revolving Credit Facility also provides for a letter of credit sublimit of $25,000 (plus any increase in aggregate commitments) and an accordion option that allows for an increase in aggregate commitments up to $20,000. Interest is payable on the loans under the Revolving Credit Facility at either the LIBOR or the Base Rate, in each case, with applicable margins subject to a pricing grid based on an excess availability calculation. The “Base Rate” means, for any day, a fluctuating rate per annum equal to the highest of (i) the rate of interest in effect for such day as publicly announced from time to time by BofA as its prime rate; (ii) the Federal Funds Rate for such day, plus 0.50%; and (iii) the LIBOR Rate for a one month interest period as determined on such day, plus 1.0%. During the continuance of an event of default and at the election of the required lender, interest will accrue at a rate of 2% in excess of the applicable non-default rate. The Revolving Credit Facility contains a maintenance requirement that, at any point when “Excess Availability” is less than the greater of (i) 15% percent of the adjusted loan cap or (ii) $10,000, and continuing until Excess Availability exceeds the greater of such amounts for 30 consecutive days, during which time, Vince, LLC must maintain a consolidated EBITDA (as defined in the Revolving Credit Facility) equal to or greater than $20,000. We have not been subject to this maintenance requirement as Excess Availability was greater than the required minimum. The Revolving Credit Facility contains representations and warranties, other covenants and events of default that are customary for this type of financing, including limitations on the incurrence of additional indebtedness, liens, negative pledges, guarantees, investments, loans, asset sales, mergers, acquisitions, prepayment of other debt, the repurchase of capital stock, transactions with affiliates, and the ability to change the nature of its business or its fiscal year. The Revolving Credit Facility generally permits dividends in the absence of any event of default (including any event of default arising from the contemplated dividend), so long as (i) after giving pro forma effect to the contemplated dividend, for the following six months Excess Availability will be at least the greater of 20% of the aggregate lending commitments and $10,000 and (ii) after giving pro forma effect to the contemplated dividend, the “Consolidated Fixed Charge Coverage Ratio” for the 12 months preceding such dividend shall be greater than or equal to 1.1 to 1.0 (provided that the Consolidated Fixed Charge Coverage Ratio may be less than 1.1 to 1.0 if, after giving pro forma effect to the contemplated dividend, Excess Availability for the six fiscal months following the dividend is at least the greater of 35% of the aggregate lending commitments and $15,000). We are in compliance with applicable financial covenants. As of October 31, 2015, $29,569 is available under the Revolving Credit Facility and there were $32,909 of borrowings outstanding and $7,522 of letters of credit outstanding under the Revolving Credit Facility. The weighted average interest rate for borrowings outstanding under the Revolving Credit Facility as of October 31, 2015 was 2.3%. As of January 31, 2015, there was $23,000 of borrowings outstanding and $7,647 of letters of credit outstanding under the Revolving Credit Facility.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Oct. 31, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Note 5. Long-Term Debt Long-term debt consisted of the following as of October 31, 2015 and January 31, 2015 (in thousands). October 31, 2015 January Term Loan Facility $ 45,000 $ 65,000 Revolving Credit Facility 32,909 23,000 Total long-term debt principal $ 77,909 $ 88,000 Less: Deferred financing costs (1) 2,690 3,550 Total long-term debt $ 75,219 $ 84,450 (1) Pursuant to new accounting guidance issued by the Financial Accounting Standards Board (“FASB”) in April 2015, entities are no longer required to present deferred financing costs as a deferred asset. The guidance is effective for our fiscal year beginning in 2016, however, the Company has early adopted this accounting standard update effective as of February 1, 2015 and accordingly, the January 31, 2015 comparative balance sheet was adjusted to conform to the new classification presentation. There was no other impact on the financial statements related to the adoption other than the reclassification change on the condensed consolidated balance sheet. Refer to Note 10, Recent Accounting Pronouncements Term Loan Facility On November 27, 2013, in connection with the closing of the IPO and related Restructuring Transactions, Vince, LLC and Vince Intermediate entered into a $175,000 senior secured term loan facility (the “Term Loan Facility”) with the lenders party thereto, BofA, as administrative agent, JP Morgan Chase Bank and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arrangers, and Cantor Fitzgerald as documentation agent. The Term Loan Facility will mature on November 27, 2019. On November 27, 2013, net proceeds from the Term Loan Facility were used, at closing, to repay a promissory note (the “Kellwood Note Receivable”) issued to Kellwood Company, LLC in connection with the Restructuring Transactions which occurred immediately prior to the consummation of the IPO. The Term Loan Facility also provides for an incremental facility of up to the greater of $50,000 and an amount that would result in the consolidated net total secured leverage ratio not exceeding 3.00 to 1.00, in addition to certain other rights to refinance or repurchase portions of the term loan. The Term Loan Facility is subject to quarterly amortization of principal equal to 0.25% of the original aggregate principal amount of the Term Loan Facility (adjusted to reflect any prepayments), with the balance payable at final maturity. Interest is payable on loans under the Term Loan Facility at a rate of either (i) the Eurodollar rate (subject to a 1.00% floor) plus an applicable margin of 4.75% to 5.00% based on a leverage ratio or (ii) the base rate applicable margin of 3.75% to 4.00% based on a leverage ratio. During the continuance of a payment or bankruptcy event of default, interest will accrue (i) on the overdue principal amount of any loan at a rate of 2% in excess of the rate otherwise applicable to such loan and (ii) on any overdue interest or any other outstanding overdue amount at a rate of 2% in excess of the non-default interest rate then applicable to base rate loans. The Term Loan Facility contains a requirement that Vince, LLC and Vince Intermediate maintain a “Consolidated Net Total Leverage Ratio” as of the last day of any period of four fiscal quarters not to exceed 3.75 to 1.00 for the fiscal quarters ending February 1, 2014 through November 1, 2014, 3.50 to 1.00 for the fiscal quarters ending January 31, 2015 through October 31, 2015, and 3.25 to 1.00 for the fiscal quarter ending January 30, 2016 and each fiscal quarter thereafter. In addition, the Term Loan Facility contains customary representations and warranties, other covenants, and events of default, including but not limited to, limitations on the incurrence of additional indebtedness, liens, negative pledges, guarantees, investments, loans, asset sales, mergers, acquisitions, prepayment of other debt, the repurchase of capital stock, transactions with affiliates, the ability to change the nature of its business or its fiscal year, and distributions and dividends. The Term Loan Facility generally permits dividends to the extent that no default or event of default is continuing or would result from the contemplated dividend and the pro forma Consolidated Net Total Leverage Ratio after giving effect to such contemplated dividend is at least 0.25 lower than the maximum Consolidated Net Total Leverage Ratio for such quarter. All obligations under the Term Loan Facility are guaranteed by VHC and any future material domestic restricted subsidiaries of Vince, LLC and secured by a lien on substantially all of the assets of VHC, Vince, LLC and Vince Intermediate and any future material domestic restricted subsidiaries. We are in compliance with applicable financial covenants. Through October 31, 2015, on an inception to date basis, the Company has made voluntary prepayments totaling $130,000 in the aggregate on the original $175,000 Term Loan Facility entered into on November 27, 2013. Of the $130,000 of aggregate voluntary prepayments made to date, $20,000 was paid during the nine months ended October 31, 2015. As of October 31, 2015, the Company had $45,000 of debt outstanding under the Term Loan Facility.

Inventory

Inventory	9 Months Ended
	Oct. 31, 2015
Inventory Disclosure [Abstract]
Inventory	Note 6. Inventory Inventories consist of the following: October 31, 2015 January 31, 2015 Finished goods $ 43,895 $ 37,395 Raw materials — 24 Total inventories, net 43,895 37,419 Net of reserves of: $ 16,102 $ 6,471 Inventories are stated at the lower of cost or market. Cost is determined on the first-in, first-out basis. Inventory values are reduced to net realizable value when there are factors indicating that certain inventories will not be sold on terms sufficient to recover their cost and is reflected in Cost of Goods Sold on the Condensed Consolidated Statements of Operations and Comprehensive Loss. The adjustment to net realizable value is based on management's judgment regarding future demand and market conditions and analysis of historical experience. As of October 31, 2015, the lower of cost or market reserve included a write-down of the carrying value for certain excess inventory and aged product to its estimated net realizable value, as during the three months ended August 1, 2015 the Company recorded a charge of $14,447 associated with inventory that no longer supports the Company's prospective brand positioning strategy. During the three months ended October 31, 2015, the Company recorded pre-tax income of $1,986 associated with the recovery of the inventory write-down taken in the three months ended August 1, 2015.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 7. Share-Based Compensation Prior to November 27, 2013, VHC did not have convertible equity or convertible debt securities, any of which could result in share-based compensation expense. In connection with our IPO, which closed on November 27, 2013, and the separation of the Vince and non-Vince businesses, VHC assumed Kellwood Company’s remaining obligations under the 2010 Stock Option Plan of Kellwood Company (the “2010 Option Plan”) and all Kellwood Company stock options previously issued to Vince employees under such plan became options to acquire shares of VHC common stock. Additionally, VHC assumed Kellwood Company’s obligations with respect to the vested Kellwood Company stock options previously issued to Kellwood Company employees, which options were cancelled in exchange for shares of VHC common stock. Accordingly, option information presented below for previously issued Kellwood Company stock options under the 2010 Option Plan has been adjusted to account for the split of the Company’s common stock and applicable conversion to options to acquire shares of VHC common stock. Employee Stock Plans 2010 Option Plan Kellwood Company had convertible equity securities that result in recognition of share-based compensation expense. On June 30, 2010, the board of directors approved the 2010 Stock Option Plan. As discussed above, in connection with the closing of the IPO, VHC assumed Kellwood Company’s remaining obligations under the 2010 Option Plan; provided that none of the issued and outstanding options (after giving effect to such assumption and the stock split effected as part of the Restructuring Transactions) were exercisable until the consummation of the IPO. Additionally, prior to the consummation of the IPO and after giving effect to the assumption described in this paragraph, VHC and the Vince employees to whom options had been previously granted under the 2010 Option Plan amended the related grant agreements to eliminate, effective as of the consummation of the IPO, restrictions on the exercisability of the subject employees vested options. Prior to the IPO, the 2010 Option Plan, as amended, provided for the grant of options to acquire up to 2,752,155 shares of Kellwood Company common stock. The options granted pursuant to the 2010 Option Plan (i) vest in five equal installments on the first, second, third, fourth and fifth anniversaries of the grant date, subject to the employee’s continued employment, and (ii) expire on the earlier of the tenth anniversary of the grant date or upon termination of employment. We will not grant any future awards under the 2010 Option Plan. Future awards will be granted under the Vince 2013 Incentive Plan described further below. Vince 2013 Incentive Plan In connection with the IPO, the Company adopted the Vince 2013 Incentive Plan, which provides for grants of stock options, stock appreciation rights, restricted stock and other stock-based awards. The aggregate number of shares of common stock which may be issued or used for reference purposes under the Vince 2013 Incentive Plan or with respect to which awards may be granted may not exceed 3,400,000 shares. The shares available for issuance under the Vince 2013 Incentive Plan may be, in whole or in part, either authorized and unissued shares of our common stock or shares of common stock held in or acquired for our treasury. In general, if awards under the Vince 2013 Incentive Plan are cancelled for any reason, or expire or terminate unexercised, the shares covered by such award may again be available for the grant of awards under the Vince 2013 Incentive Plan. As of October 31, 2015, there were 2,209,958 shares under the Vince 2013 Incentive Plan available for future grants. Options granted pursuant to the Vince 2013 Incentive Plan (i) vest in equal installments over three or four years or at 33 1/3% per year beginning in year two, over four years, subject to the employees’ continued employment, and (ii) expire on the earlier of the tenth anniversary of the grant date or upon termination as outlined in the Vince 2013 Incentive Plan. On October 2, 2015 the Company completed a tender offer to exchange certain options to purchase shares of its common stock, whether vested or unvested, from eligible employees. The exchange ratio for this offer was one-to-one (one stock option exchanged for every one new stock option granted). As a result of the tender offer, 346,004 stock options were cancelled and options to purchase the same amount of shares were granted with an exercise price of $3.60. The purpose of this exchange was to foster retention of our valuable employees and better align the interests of our employees and shareholders to maximize shareholder value. Stock Options A summary of stock option activity under the plans during the nine months ended October 31, 2015 is as follows: Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in thousands) Outstanding at January 31, 2015 2,726,169 $ 13.18 Granted 1,182,023 $ 4.51 Exercised (26,209 ) $ 6.64 Forfeited or expired (1,803,440 ) $ 16.87 Outstanding at October 31, 2015 2,078,543 $ 5.12 6.4 $ 828 Vested and exercisable at October 31, 2015 826,352 $ 5.88 1.3 $ - Of the above outstanding shares, 1,913,049 are vested or expected to vest. Restricted Stock Units The Company also issues restricted stock units to its non-employee directors and directors not affiliated with Sun Capital (our controlling shareholder) under the Vince 2013 Incentive Plan. A summary of restricted stock unit activity during the nine months ended October 31, 2015 is as follows: Restricted Stock Units Weighted Average Grant Date Fair Value Nonvested restricted stock units at January 31, 2015 12,384 $ 26.24 Granted 5,341 $ 15.76 Vested (989 ) $ 25.28 Nonvested restricted stock units at October 31, 2015 16,736 $ 22.95 Share-Based Compensation Expense Share-based compensation expense is recognized over the requisite service period of each share-based payment award and the expense is included as a component of selling, general and administrative expenses in the condensed consolidated statements of operations. Share-based compensation expense for the three months ended October 31, 2015 was a net reversal of $(95), primarily due to option forfeitures as a result of executive departures. Share-based compensation expense for the three months ended November 1, 2014 was $458. Share-based compensation expense for the nine months ended October 31, 2015 and November 1, 2014 was $706 and $1,250, respectively.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Note 8. Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding for the period. Except when the effect would be anti-dilutive, diluted earnings per share is calculated based on the weighted average number of outstanding shares of common stock plus the dilutive effect of share-based awards calculated under the treasury stock method. The following is a reconciliation of basic shares to diluted shares: Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 Weighted-average shares—basic 36,775,443 36,728,969 36,767,770 36,726,338 Effect of dilutive equity securities 41,529 1,574,634 865,863 1,517,030 Weighted-average shares—diluted 36,816,972 38,303,603 37,633,633 38,243,368 For the three and nine months ended October 31, 2015, 649,236 and 617,078 options to purchase shares of the Company’s common stock, respectively, were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the three and nine months ended November 1, 2014, 65,561 and 34,216 options to purchase shares of the Company’s common stock, respectively, were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies In the second quarter of 2015, a number of senior management departures and announced departures occurred. In connection with these departures and announced departures, the Company has certain obligations under existing employment arrangements with respect to severance and employee related benefits. As a result, the Company recognized a charge of $3,717 for these expected departures within selling, general, and administrative expenses on the condensed consolidated statement of operations for the three months ended August 1, 2015. This charge is reflected within the “unallocated corporate expenses” for segment disclosures. These amounts will be paid over a period of six to eighteen months, starting in the third quarter of fiscal 2015. Payments of $783 were made during the three months ended October 31, 2015. The remaining accrual of $2,934 is included within total current liabilities on the condensed consolidated balance sheet as of October 31, 2015. We are currently party to various legal proceedings. While management currently believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not have a material adverse impact on our financial position or results of operations or cash flows, litigation is subject to inherent uncertainties.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Oct. 31, 2015
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Note 10. Recent Accounting Pronouncements In July 2015, new accounting guidance on accounting for inventory was issued, which requires entities to measure inventory at the lower of cost and net realizable value. This guidance is effective for interim and annual periods beginning on or after December 15, 2016. The Company is currently evaluating the impact of the adoption of the new accounting guidance on its financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest-Imputation of Interest.” The standard requires deferred financing costs to be presented on the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts, instead of being presented as a deferred asset in the balance sheet. ASU 2015-03 does not change the recognition and measurement guidance for deferred financing costs. Once adopted, entities are required to apply the new guidance retrospectively to all prior periods presented. ASU 2015-03 is effective for annual periods beginning after December 15, 2015, and interim periods within those fiscal years and early application is permitted. The Company has elected to early adopt the standard, effective February 1, 2015 and accordingly, the condensed consolidated balance sheets as of October 31, 2015 and January 31, 2015 reflect the deferred financing costs as a direct deduction from the carrying amount of our long-term debt. Refer to Note 5, Long-Term Debt, for further information. In April 2015, the FASB issued ASU No. 2015-05, “Customer's Accounting for Fees Paid in a Cloud Computing Arrangement,” which provides guidance on accounting for cloud computing fees. If a cloud computing arrangement includes a software license, then the customer should account for the license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the arrangement should be accounted for as a service contract. This guidance is effective for arrangements entered into, or materially modified, in interim and annual periods beginning after December 15, 2015. Retrospective application is permitted but not required. The Company is currently evaluating the impact of this ASU on the consolidated financial statements. In May 2014, FASB issued revenue recognition guidance (ASU No. 2014-09). The new accounting guidance requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, FASB elected to defer the effective dates (ASU No. 2015-14). The updated guidance is now effective for interim and annual periods beginning on or after December 15, 2017. Early adoption is permitted for annual periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently evaluating the impact of the adoption of the new guidance on its financial statements.

Segment Financial Information

Segment Financial Information	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Segment Financial Information	Note 11. Segment Financial Information We operate and manage our business by distribution channel and have identified two reportable segments, as further described below. We considered both similar and dissimilar economic characteristics, internal reporting and management structures, as well as products, customers, and supply chain logistics to identify the following reportable segments: — Wholesale segment—consists of our operations to distribute products to premier department stores and specialty stores in the United States and select international markets; and — Direct-to-consumer segment—consists of our operations to distribute products directly to the consumer through our branded full-price specialty retail stores, outlet stores, and e-commerce platform. The accounting policies of our segments are consistent with those described in Note 1 to the audited Consolidated Financial Statements of VHC for the fiscal year ended January 31, 2015 included in our 2014 Annual Report on Form 10K. Unallocated corporate expenses are comprised of selling, general, and administrative expenses attributable to corporate and administrative activities, and other charges that are not directly attributable to our operating segments. Unallocated corporate assets are comprised of the carrying values of our goodwill and unamortized trademark, deferred tax assets, and other assets that will be utilized to generate revenue for both of our reportable segments. Our wholesale segment sells apparel to our direct-to-consumer segment at cost. The wholesale intercompany sales of $8,816 and $9,077 have been excluded from the net sales totals presented below for the three months ended October 31, 2015 and November 1, 2014, respectively. The wholesale intercompany sales of $22,510 and $16,978 have been excluded from the net sales totals presented below for the nine months ended October 31, 2015 and November 1, 2014, respectively. Furthermore, as intercompany sales are sold at cost, no intercompany profit is reflected in operating income presented below. Summary information for our operating segments is presented below (in thousands). Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 Net Sales: Wholesale $ 56,505 $ 78,898 $ 153,104 $ 190,564 Direct-to-consumer 24,354 24,049 67,590 55,161 Total net sales $ 80,859 $ 102,947 $ 220,694 $ 245,725 Operating Income: Wholesale $ 22,233 $ 30,577 $ 44,249 $ 74,204 Direct-to-consumer 1,526 6,042 1,970 9,855 Subtotal 23,759 36,619 46,219 84,059 Unallocated expenses (11,416 ) (11,789 ) (35,317 ) (34,078 ) Total operating income $ 12,343 $ 24,830 $ 10,902 $ 49,981 Capital Expenditures: Wholesale $ 492 $ 673 $ 1,489 $ 1,238 Direct-to-consumer 2,023 3,072 7,509 6,158 Unallocated corporate 549 4,210 5,109 7,910 Total capital expenditures $ 3,064 $ 7,955 $ 14,107 $ 15,306 October 31, 2015 January 31, 2015 Total Assets: Wholesale $ 63,733 $ 70,635 Direct-to-consumer 36,707 33,793 Unallocated corporate 275,065 274,220 Total assets $ 375,505 $ 378,648

Related Party Transactions

Related Party Transactions	9 Months Ended
	Oct. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 12. Related Party Transactions Shared Services Agreement In connection with the consummation of our IPO on November 27, 2013, Vince, LLC entered into a Shared Services Agreement pursuant to which Kellwood provides support services in various operational areas, including, among other things, e-commerce operations, distribution, logistics, information technology, accounts payable, credit and collections and payroll. Since the IPO, we have been working on transitioning certain back office functions performed by Kellwood under the Shared Services Agreement. Among these functions that have transitioned to Vince are certain accounting related functions as well as benefits administration. We have also been working on developing our own information technology infrastructure and are now in the process of implementing our own enterprise resource planning (“ERP”) system. We have engaged with a new e-commerce platform provider and are still developing that system. The new ERP system is also under development. Until those systems are implemented, we will continue to utilize the Kellwood information technology infrastructure, including e-commerce platform systems, under the Shared Services Agreement. We are invoiced by Kellwood monthly for the services provided under the Shared Services Agreement and generally are required to pay within 15 business days of receiving such invoice. The payments will be trued-up and can be disputed once each fiscal quarter is completed. As of October 31, 2015, we have recorded $810 in other accrued expenses to recognize amounts payable to Kellwood under the Shared Services Agreement. Tax Receivable Agreement VHC entered into a Tax Receivable Agreement with the Pre-IPO Stockholders on November 27, 2013. We and our former subsidiaries have generated certain tax benefits (including NOLs and tax credits) prior to the Restructuring Transactions consummated in connection with our IPO and will generate certain section 197 intangible deductions (the “Pre-IPO Tax Benefits”), which would reduce the actual liability for taxes that we might otherwise be required to pay. The Tax Receivable Agreement provides for payments to the Pre-IPO Stockholders in an amount equal to 85% of the aggregate reduction in taxes payable realized by us and our subsidiaries from the utilization of the Pre-IPO Tax Benefits (the “Net Tax Benefit”). For purposes of the Tax Receivable Agreement, the Net Tax Benefit equals (i) with respect to a taxable year, the excess, if any, of (A) our liability for taxes using the same methods, elections, conventions and similar practices used on the relevant company return assuming there were no Pre-IPO Tax Benefits over (B) our actual liability for taxes for such taxable year (the “Realized Tax Benefit”), plus (ii) for each prior taxable year, the excess, if any, of the Realized Tax Benefit reflected on an amended schedule applicable to such prior taxable year over the Realized Tax Benefit reflected on the original tax benefit schedule for such prior taxable year, minus (iii) for each prior taxable year, the excess, if any, of the Realized Tax Benefit reflected on the original tax benefit schedule for such prior taxable year over the Realized Tax Benefit reflected on the amended schedule for such prior taxable year; provided, however, that to the extent any of the adjustments described in clauses (ii) and (iii) were reflected in the calculation of the tax benefit payment for any subsequent taxable year, such adjustments shall not be taken into account in determining the Net Tax Benefit for any subsequent taxable year. The Company had expected to make a required payment under the Tax Receivable Agreement in the fourth quarter of 2015. As a result of lower than expected cash from operations due to weaker than projected performance, and the level of projected availability under the Company’s Revolving Credit Facility, we concluded that we would not be able to fund the payment when due. Accordingly, on September 1, 2015, we entered into an amendment to the Tax Receivable Agreement with Sun Cardinal, LLC, an affiliate of Sun Capital Partners, Inc., for itself and as a representative of the other stockholders parties thereto. Pursuant to this amendment, Sun Cardinal agreed to postpone payment of the tax benefit with respect to the 2014 taxable year, currently estimated at $21,762 plus accrued interest, to September 15, 2016. As of October 31, 2015 our total obligation under the Tax Receivable Agreement is estimated to be $169,765, of which $21,762 is included as a component of other accrued expenses and $148,003 is included as a component of other liabilities on our condensed consolidated balance sheet. There is a remaining term of eight years under the Tax Receivable Agreement. During the three months ended October 31, 2015, we adjusted the obligation under the Tax Receivable Agreement in connection with the filing of our 2014 income tax returns. The return to provision adjustments resulted in a net increase of $801 to the liability under the Tax Receivable Agreement with the corresponding net increase accounted for as an adjustment to other expense, net on the Condensed Consolidated Statement of Operations. Rights Offering Commitment Letter On December 9, 2015 we received a Rights Offering Commitment Letter from Sun Fund V that provides the Company with an amount equal to $65,000 of cash proceeds in the event that the Company conducts a Rights Offering (the “Contribution Obligation”). Such Contribution Obligation will be reduced by any proceeds received from the Rights Offering. The Company is required, simultaneously with the funding of the Contribution Obligation by Sun Fund V, or one or more of its affiliates, to issue to Sun Fund V or one or more of its affiliates the applicable number of shares of the Company’s common stock at the lesser of (i) a price per share equal to a 20% discount to the 30 day average trading price of the Company’s common stock on The New York Stock Exchange immediately prior to the date of the Rights Offering Commitment Letter, (ii) a price per share equal to a 20% discount to the 30 day average trading price of the Company’s common stock on The New York Stock Exchange immediately prior to the commencement of the Rights Offering and (iii) the price per share at which participants in the Rights Offering are entitled to purchase shares of new common stock issued by the Company. Sun Fund V will receive customary terms and conditions, to be negotiated between Sun Fund V and the Company, for providing the Contribution Obligation. If the Rights Offering has not commenced by March 8, 2016, the Company will pay Sun Fund V an amount equal to $950 in the event that the Company completes a Rights Offering. Sun Fund V’s obligations terminate upon the earliest to occur of (A) the consummation of the Rights Offering whereby the Company receives proceeds equal to or exceeding $65,000, (B) 11:59 p.m. New York City time on April 7, 2016 if the Rights Offering has not commenced by such time, (C) 11:59 p.m. New York City time on April 30, 2016, and (D) the date Sun Fund V, or its affiliates, funds the Contribution Obligation. The Company would be required to use a portion of proceeds from the Rights Offering or the Contribution Obligation to satisfy its current obligation under the Tax Receivable Agreement as amended (as discussed above), currently estimated at $21,762 plus accrued interest, and payable on September 15, 2016. Sun Capital Consulting Agreement On November 27, 2013, we entered into an agreement with Sun Capital Management to (i) reimburse Sun Capital Management or any of its affiliates providing consulting services under the agreement for out-of-pocket expenses incurred in providing consulting services to us and (ii) provide Sun Capital Management with customary indemnification for any such services. During the three and nine months ended October 31, 2015, we paid Sun Capital Management approximately $3 and $32, respectively, for reimbursement of expenses under the Sun Capital Consulting Agreement. Executive Officers Mark E. Brody served as the Company’s Interim Chief Executive Officer from September 1, 2015 through October 22, 2015 when the Board approved the appointment of Brendan L. Hoffman to serve as the Chief Executive Officer of the Company, effective immediately. Mr. Brody remained with the Company in a non-executive capacity through a transition period which ended on November 20, 2015. Mr. Brody also served as will continue to serve, On September 1, 2015, David Stefko was appointed by the board of directors of the Company to serve as the Interim Chief Financial Officer and Treasurer of the Company. Mr. Stefko will receive $43 per month and the reimbursement of reasonable cost of transportation and housing on a tax grossed-up basis while he serves as the Interim Chief Financial Officer and Treasurer of the Company. Both Mr. Brody and Mr. Stefko were employees of Sun Capital Partners, Inc. prior to their appointment to the positions at the Company, remain covered by Sun Capital Partners, Inc.’s health and welfare benefit plans and continue to be eligible to receive a bonus under the Sun Capital Partners, Inc. annual bonus plan related to their work at Sun Capital Partners, Inc. Mr. Stefko is currently on leave of absence from his position at Sun Capital Partners, Inc. and Mr. Brody has returned to his former position. Affiliates of Sun Capital Partners, Inc. own approximately 56% of the outstanding shares of our common stock. In addition, Messrs. Brody and Stefko are partners in one or more investment partnerships that are affiliated with Sun Capital Partners, Inc. that beneficially own shares of common stock of the Company.

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 13. Subsequent Events On November 23, 2015, the Company entered into consulting services agreements with the Company’s co-founders Rea Laccone and Christopher LaPolice. Ms. Laccone and Mr. LaPolice will oversee the Company’s product, merchandising and creative efforts. The consulting services agreements have terms that end on February 3, 2018 and provide for the following compensation: (i) a base annual consulting fee of $2,500 for Ms. Laccone and $1,125 for Mr. LaPolice; (ii) an annual cash bonus of $1,000 for Ms. Laccone and $1,125 for Mr. LaPolice, prorated for the current fiscal year, subject to the consulting term continuing through the end of each fiscal year to which the bonus relates, provided that if the consultant is terminated without cause, she or he will be entitled to a pro-rata portion of the annual bonus calculated through the date of termination; and (iii) options to acquire 200,000 shares of the Company's common stock for Ms. Laccone and 150,000 shares of the Company's common stock for Mr. LaPolice, with the options vesting as to 50% of the shares on the first anniversary of the grant date, 25% of the shares on the 18 month anniversary of the grant date and 25% of the shares on the second anniversary of the grant date, in each case subject to the consulting period continuing through such time, provided that, if the consultant is terminated without cause, she or he will pro-rata vest in the next tranche of options based on the number of months completed in the vesting term prior to such termination.

Description of Business and B20

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Oct. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	(B) Basis of Presentation : The accompanying condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. Therefore, these financial statements should be read in conjunction with VHC’s audited financial statements for the fiscal year ended January 31, 2015, as set forth in the 2014 Annual Report on Form 10-K. The condensed consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries as of October 31, 2015. All intercompany accounts and transactions have been eliminated. The amounts and disclosures included in the notes to the condensed consolidated financial statements, unless otherwise indicated, are presented on a continuing operations basis. In the opinion of management, the financial statements contain all adjustments (consisting solely of normal recurring adjustments) and disclosures necessary to make the information presented therein not misleading. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or the fiscal year as a whole. As used in this report, unless the context requires otherwise, “our,” “us,” “we” and the “Company” refer to VHC and its consolidated subsidiaries.
Our Business and Liquidity	(C) Our Business and Liquidity: During fiscal 2015 we have experienced declining sales and additional costs associated with making strategic investments for the future growth of the VINCE brand, including costs associated with the write-down of excess inventory, consulting agreements with our co-founders and the reorganization of our management team. We believe these significant investments are essential to our commitment to developing a strong foundation from which we can drive consistent profitable growth for the long term. We have also undertaken steps to enhance our liquidity position. Accordingly, on December 9, 2015 we received a Rights Offering Commitment Letter from Sun Capital Partners V, L.P. (“Sun Fund V”) that commits Sun Fund V to provide the Company with an amount equal to $ 65,000 of cash proceeds in the event that the Company conducts a rights offering for its common stock to its stockholders (a “Rights Offering”). Such Contribution Obligation (as defined herein) will be reduced by any proceeds received from the Rights Offering. Refer to Note 12. Related Party Transactions for additional details. Proceeds committed to us under the Rights Offering Commitment Letter from Sun Fund V will provide the Company with additional liquidity that will allow us to maintain a net debt balance sufficient to comply with any covenants under our Term Loan Facility and our Revolving Credit Facility, as well as provide additional cash for use in our operations. Refer to Note 4. Financing Arrangements and Note 5. Long-Term Debt for additional details regarding our debt covenants. However, failure to achieve our operational and strategic objectives could have a significant adverse effect on our operations, liquidity and compliance with debt covenants.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Oct. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Goodwill Balances	Goodwill balances and changes therein subsequent to the January 31, 2015 condensed consolidated balance sheet are as follows (in thousands): Gross Goodwill Accumulated Impairment Net Goodwill Balance as of January 31, 2015 $ 110,688 $ (46,942 ) $ 63,746 Balance as of October 31, 2015 $ 110,688 $ (46,942 ) $ 63,746
Summary of Identifiable Intangible Assets	Identifiable intangible assets summary (in thousands): Gross Amount Accumulated Amortization Net Book Value Balance as of January 31, 2015: Amortizable intangible assets: Customer relationships $ 11,970 $ (4,176 ) $ 7,794 Indefinite-lived intangible assets: Trademarks 101,850 — 101,850 Total intangible assets $ 113,820 $ (4,176 ) $ 109,644 Gross Amount Accumulated Amortization Net Book Value Balance as of October 31, 2015 Amortizable intangible assets: Customer relationships $ 11,970 $ (4,624 ) $ 7,346 Indefinite-lived intangible assets: Trademarks 101,850 — 101,850 Total intangible assets $ 113,820 $ (4,624 ) $ 109,196

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Oct. 31, 2015
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following as of October 31, 2015 and January 31, 2015 (in thousands). October 31, 2015 January Term Loan Facility $ 45,000 $ 65,000 Revolving Credit Facility 32,909 23,000 Total long-term debt principal $ 77,909 $ 88,000 Less: Deferred financing costs (1) 2,690 3,550 Total long-term debt $ 75,219 $ 84,450 (1) Pursuant to new accounting guidance issued by the Financial Accounting Standards Board (“FASB”) in April 2015, entities are no longer required to present deferred financing costs as a deferred asset. The guidance is effective for our fiscal year beginning in 2016, however, the Company has early adopted this accounting standard update effective as of February 1, 2015 and accordingly, the January 31, 2015 comparative balance sheet was adjusted to conform to the new classification presentation. There was no other impact on the financial statements related to the adoption other than the reclassification change on the condensed consolidated balance sheet. Refer to Note 10, Recent Accounting Pronouncements

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Oct. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following: October 31, 2015 January 31, 2015 Finished goods $ 43,895 $ 37,395 Raw materials — 24 Total inventories, net 43,895 37,419 Net of reserves of: $ 16,102 $ 6,471

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock Option Activity	A summary of stock option activity under the plans during the nine months ended October 31, 2015 is as follows: Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in thousands) Outstanding at January 31, 2015 2,726,169 $ 13.18 Granted 1,182,023 $ 4.51 Exercised (26,209 ) $ 6.64 Forfeited or expired (1,803,440 ) $ 16.87 Outstanding at October 31, 2015 2,078,543 $ 5.12 6.4 $ 828 Vested and exercisable at October 31, 2015 826,352 $ 5.88 1.3 $ -
Schedule of Restricted Stock Units Activity	A summary of restricted stock unit activity during the nine months ended October 31, 2015 is as follows: Restricted Stock Units Weighted Average Grant Date Fair Value Nonvested restricted stock units at January 31, 2015 12,384 $ 26.24 Granted 5,341 $ 15.76 Vested (989 ) $ 25.28 Nonvested restricted stock units at October 31, 2015 16,736 $ 22.95

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic Shares to Diluted Shares	The following is a reconciliation of basic shares to diluted shares: Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 Weighted-average shares—basic 36,775,443 36,728,969 36,767,770 36,726,338 Effect of dilutive equity securities 41,529 1,574,634 865,863 1,517,030 Weighted-average shares—diluted 36,816,972 38,303,603 37,633,633 38,243,368

Segment Financial Information (

Segment Financial Information (Tables)	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Summary of Operating Segments Information	Summary information for our operating segments is presented below (in thousands). Three Months Ended Nine Months Ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 Net Sales: Wholesale $ 56,505 $ 78,898 $ 153,104 $ 190,564 Direct-to-consumer 24,354 24,049 67,590 55,161 Total net sales $ 80,859 $ 102,947 $ 220,694 $ 245,725 Operating Income: Wholesale $ 22,233 $ 30,577 $ 44,249 $ 74,204 Direct-to-consumer 1,526 6,042 1,970 9,855 Subtotal 23,759 36,619 46,219 84,059 Unallocated expenses (11,416 ) (11,789 ) (35,317 ) (34,078 ) Total operating income $ 12,343 $ 24,830 $ 10,902 $ 49,981 Capital Expenditures: Wholesale $ 492 $ 673 $ 1,489 $ 1,238 Direct-to-consumer 2,023 3,072 7,509 6,158 Unallocated corporate 549 4,210 5,109 7,910 Total capital expenditures $ 3,064 $ 7,955 $ 14,107 $ 15,306 October 31, 2015 January 31, 2015 Total Assets: Wholesale $ 63,733 $ 70,635 Direct-to-consumer 36,707 33,793 Unallocated corporate 275,065 274,220 Total assets $ 375,505 $ 378,648

Description of Business and B27

Description of Business and Basis of Presentation - Additional Information (Detail) $ in Thousands	Dec. 09, 2015USD ($)
Rights Offering Commitment Letter [Member] | Subsequent Event [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Proceed from contribution obligation	$ 65,000

Goodwill and Intangible Asset28

Goodwill and Intangible Assets - Summary of Goodwill Balances (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Gross Goodwill	$ 110,688	$ 110,688
Accumulated Impairment	(46,942)	(46,942)
Net Goodwill	$ 63,746	$ 63,746

Goodwill and Intangible Asset29

Goodwill and Intangible Assets - Summary of Identifiable Intangible Assets (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Identifiable Intangible Assets [Line Items]
Accumulated Amortization	$ (4,624)	$ (4,176)
Gross Amount	113,820	113,820
Net Book Value	109,196	109,644
Trademarks [Member]
Identifiable Intangible Assets [Line Items]
Net Book Value	101,850	101,850
Customer Relationships [Member]
Identifiable Intangible Assets [Line Items]
Gross Amount	11,970	11,970
Accumulated Amortization	(4,624)	(4,176)
Net Book Value	$ 7,346	$ 7,794

Goodwill and Intangible Asset30

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of identifiable intangible assets	$ 149	$ 150	$ 448	$ 449
Estimated amortization of identifiable intangible assets, year one	598		598
Estimated amortization of identifiable intangible assets, year two	598		598
Estimated amortization of identifiable intangible assets, year three	598		598
Estimated amortization of identifiable intangible assets, year four	598		598
Estimated amortization of identifiable intangible assets, year five	$ 598		$ 598

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($)	Oct. 31, 2015	Jan. 31, 2015
Fair Value Disclosures [Abstract]
Non-financial assets recognized at fair value	$ 0	$ 0
Non-financial liabilities recognized at fair value	$ 0	$ 0

Financing Arrangements - Additi

Financing Arrangements - Additional Information (Detail) - USD ($)	Jun. 03, 2015	Oct. 31, 2015	Jan. 31, 2015	Nov. 27, 2013
Line of Credit Facility [Line Items]
Loan cap on revolving credit facility	$ 70,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt interest terms		Interest is payable on the loans under the Revolving Credit Facility at either the LIBOR or the Base Rate, in each case, with applicable margins subject to a pricing grid based on an excess availability calculation. The “Base Rate” means, for any day, a fluctuating rate per annum equal to the highest of (i) the rate of interest in effect for such day as publicly announced from time to time by BofA as its prime rate; (ii) the Federal Funds Rate for such day, plus 0.50%; and (iii) the LIBOR Rate for a one month interest period as determined on such day, plus 1.0%
Line of credit facility percentage increase in interest rate in case of default	2.00%
Percentage of loan greater than Excess Availability		15.00%
Amount greater than Excess Availability		$ 10,000,000
Excess Availability period		30 days
Consolidated EBITDA amount		$ 20,000,000
Credit Facility, covenant terms		At any point when "Excess Availability" is less than the greater of (i) 15% percent of the adjusted loan cap or (ii) $10,000, and continuing until Excess Availability exceeds the greater of such amounts for 30 consecutive days, during which time, Vince, LLC must maintain a consolidated EBITDA (as defined in the Revolving Credit Facility) equal to or greater than $20,000.
Amount outstanding under the credit facility		$ 32,909,000	$ 23,000,000
Consolidated Fixed Charge Coverage Ratio		1.1
Amount available under the Revolving Credit Facility		$ 29,569,000
Letters of credit amount outstanding		$ 7,522,000	$ 7,647,000
Weighted average interest rate for borrowings outstanding		2.30%
Revolving Credit Facility [Member] | Pro Forma [Member]
Line of Credit Facility [Line Items]
Percentage of loan greater than Excess Availability		20.00%
Amount outstanding under the credit facility		$ 10,000,000
Revolving Credit Facility [Member] | Excess Availability Greater than 35% [Member]
Line of Credit Facility [Line Items]
Percentage of loan greater than Excess Availability		35.00%
Amount outstanding under the credit facility		$ 15,000,000
Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Letters of credit sublimit amount	$ 25,000,000
Increase in aggregate commitments amount	$ 20,000,000
Revolving Credit Facility [Member] | Federal Funds Rate [Member]
Line of Credit Facility [Line Items]
Variable rate percentage	0.50%
Revolving Credit Facility [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Variable rate percentage	1.00%
Senior Secured Revolving Credit Facility Due November 27, 2018 [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 50,000,000
Revolving credit facility maturity date	Nov. 27, 2018
Senior Secured Revolving Credit Facility Due June 3, 2020 [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 80,000,000
Revolving credit facility maturity date	Jun. 3, 2020

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt principal	$ 77,909	$ 88,000
Less: Deferred financing costs	2,690	3,550
Total long-term debt	75,219	84,450
Term Loan Facility [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt principal	45,000	65,000
Revolving Credit Facility [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt principal	$ 32,909	$ 23,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 27, 2013	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015
Line of Credit Facility [Line Items]
Incremental facility	$ 50,000
Payments for term loan facility		$ 20,000	$ 68,000
Term Loan Facility [Member]
Line of Credit Facility [Line Items]
Long-term debt	$ 175,000	45,000		$ 45,000
Debt instrument, maturity date	Nov. 27, 2019
Amortization of principal, percentage	0.25%
Payments for term loan facility		$ 20,000		$ 130,000
Term Loan Facility [Member] | Interest Rate on Overdue Principal Amount [Member]
Line of Credit Facility [Line Items]
Variable rate percentage	2.00%
Term Loan Facility [Member] | Interest Rate on Overdue Interest or Other Outstanding Amount [Member]
Line of Credit Facility [Line Items]
Variable rate percentage	2.00%
Term Loan Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Total secured leverage ratio	1
Term Loan Facility [Member] | Minimum [Member] | Pro Forma [Member]
Line of Credit Facility [Line Items]
Total secured leverage ratio	0.25
Term Loan Facility [Member] | Minimum [Member] | Eurodollar Rate [Member]
Line of Credit Facility [Line Items]
Variable rate percentage	4.75%
Debt instrument, accrued interest rate, percentage	1.00%
Term Loan Facility [Member] | Minimum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Variable rate percentage	3.75%
Term Loan Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Total secured leverage ratio	3
Term Loan Facility [Member] | Maximum [Member] | Fiscal Year 2014 [Member]
Line of Credit Facility [Line Items]
Total secured leverage ratio	3.75
Term Loan Facility [Member] | Maximum [Member] | Fiscal Year 2015 [Member]
Line of Credit Facility [Line Items]
Total secured leverage ratio	3.50
Term Loan Facility [Member] | Maximum [Member] | Fiscal Year 2016 [Member]
Line of Credit Facility [Line Items]
Total secured leverage ratio	3.25
Term Loan Facility [Member] | Maximum [Member] | Eurodollar Rate [Member]
Line of Credit Facility [Line Items]
Variable rate percentage	5.00%
Term Loan Facility [Member] | Maximum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Variable rate percentage	4.00%

Inventory - Schedule of Invento

Inventory - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Inventory Disclosure [Abstract]
Finished goods	$ 43,895	$ 37,395
Raw materials		24
Total inventories, net	43,895	37,419
Net of reserves of	$ 16,102	$ 6,471

Inventory - Additional Informat

Inventory - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Aug. 01, 2015
Inventory Disclosure [Abstract]
Inventory charge		$ 14,447
Pre-tax income associated with recovery of inventory write-down	$ 1,986

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Oct. 02, 2015	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price				$ 4.51
Stock options, vested or expected to vest		1,913,049		1,913,049
Share-based compensation expense				$ 706	$ 1,250
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ (95)	$ 458	$ 706	$ 1,250
2010 Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted pursuant to the plan, description				(i) vest in five equal installments on the first, second, third, fourth and fifth anniversaries of the grant date, subject to the employee’s continued employment, and (ii) expire on the earlier of the tenth anniversary of the grant date or upon termination of employment.
Vince 2013 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted pursuant to the plan, description				vest in equal installments over three or four years or at 33 1/3% per year beginning in year two, over four years, subject to the employees’ continued employment, and (ii) expire on the earlier of the tenth anniversary of the grant date or upon termination as outlined in the Vince 2013 Incentive Plan
Tender offer completion date	Oct. 2, 2015
Exchange ratio of stock option				one-to-one
Vince 2013 Incentive Plan [Member] | Tender Offer Exchange
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cancelled in period	346,004
Exercise price	$ 3.60
Vince 2013 Incentive Plan [Member] | Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of options granted				33.33%
Maximum [Member] | Vince 2013 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized		3,400,000		3,400,000
Number of shares available for future grants		2,209,958		2,209,958
Maximum [Member] | Kellwood [Member] | 2010 Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of options provided to acquire common stock prior to IPO				2,752,155

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Stock Option Activity (Detail) $ / shares in Units, $ in Thousands	9 Months Ended
	Oct. 31, 2015USD ($)$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Options, Outstanding at beginning of period | shares	2,726,169
Stock Options, Granted | shares	1,182,023
Stock Options, Exercised | shares	(26,209)
Stock Options, Forfeited or expired | shares	(1,803,440)
Stock Options, Outstanding at end of period | shares	2,078,543
Stock Options, Vested and exercisable at October 31, 2015 | shares	826,352
Weighted Average Exercise Price, Outstanding at beginning of period | $ / shares	$ 13.18
Weighted Average Exercise Price, Granted | $ / shares	4.51
Weighted Average Exercise Price, Exercised | $ / shares	6.64
Weighted Average Exercise Price, Forfeited or expired | $ / shares	16.87
Weighted Average Exercise Price, Outstanding at end of period | $ / shares	5.12
Weighted Average Exercise Price, Vested and exercisable at October 31, 2015 | $ / shares	$ 5.88
Weighted Average Remaining Contractual Term (years), Outstanding	6 years 4 months 24 days
Weighted Average Remaining Contractual Term (years), Outstanding, Vested and exercisable at October 31, 2015	1 year 3 months 18 days
Aggregate Intrinsic Value, Outstanding | $	$ 828
Aggregate Intrinsic Value, Vested and exercisable at October 31, 2015 | $	$ 0

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Restricted Stock Units Activity (Detail) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Oct. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units, Nonvested restricted stock units at January 31, 2015 | shares	12,384
Restricted Stock Units, Granted | shares	5,341
Restricted Stock Units, Vested | shares	(989)
Restricted Stock Units, Nonvested restricted stock units at October 31, 2015 | shares	16,736
Weighted Average Grant Date Fair Value, Nonvested restricted stock units at January 31, 2015 | $ / shares	$ 26.24
Weighted Average Grant Date Fair Value, Granted | $ / shares	15.76
Weighted Average Grant Date Fair Value, Vested | $ / shares	25.28
Weighted Average Grant Date Fair Value, Nonvested restricted stock units at October 31, 2015 | $ / shares	$ 22.95

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation of Basic Shares to Diluted Shares (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Earnings Per Share [Abstract]
Weighted-average shares—basic	36,775,443	36,728,969	36,767,770	36,726,338
Effect of dilutive equity securities	41,529	1,574,634	865,863	1,517,030
Weighted-average shares—diluted	36,816,972	38,303,603	37,633,633	38,243,368

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Equity Option [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Number of anti-dilutive securities	649,236	65,561	617,078	34,216

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Aug. 01, 2015
Loss Contingencies [Line Items]
Payments of severance and employee related benefits	$ 783
Employee Related Liabilities Current	$ 2,934
Severance and Employee Related Benefits [Member]
Loss Contingencies [Line Items]
Severance and employee related benefits		$ 3,717

Segment Financial Information -

Segment Financial Information - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Oct. 31, 2015USD ($)	Nov. 01, 2014USD ($)	Oct. 31, 2015USD ($)Segments	Nov. 01, 2014USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segments			2
Gross profit	$ 40,005,000	$ 50,648,000	$ 91,535,000	$ 121,073,000
Intercompany Sales [Member]
Segment Reporting Information [Line Items]
Gross profit			0
Wholesale [Member] | Intercompany Sales [Member]
Segment Reporting Information [Line Items]
Wholesale intercompany sales excluded from net sales	$ 8,816,000	$ 9,077,000	$ 22,510,000	$ 16,978,000

Segment Financial Information44

Segment Financial Information - Summary of Operating Segments Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Segment Reporting Information [Line Items]
Net sales	$ 80,859	$ 102,947	$ 220,694	$ 245,725
Operating Income	12,343	24,830	10,902	49,981
Capital Expenditures	3,064	7,955	14,107	15,306
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating Income	23,759	36,619	46,219	84,059
Operating Segments [Member] | Wholesale [Member]
Segment Reporting Information [Line Items]
Net sales	56,505	78,898	153,104	190,564
Operating Income	22,233	30,577	44,249	74,204
Capital Expenditures	492	673	1,489	1,238
Operating Segments [Member] | Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Net sales	24,354	24,049	67,590	55,161
Operating Income	1,526	6,042	1,970	9,855
Capital Expenditures	2,023	3,072	7,509	6,158
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Operating Income	(11,416)	(11,789)	(35,317)	(34,078)
Capital Expenditures	$ 549	$ 4,210	$ 5,109	$ 7,910

Segment Financial Information45

Segment Financial Information - Summary of Assets by Operating Segments (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Segment Reporting Information [Line Items]
Assets	$ 375,505	$ 378,648
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Assets	275,065	274,220
Wholesale [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	63,733	70,635
Direct-to-Consumer [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	$ 36,707	$ 33,793

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Thousands	Dec. 09, 2015USD ($)d	Sep. 01, 2015USD ($)	Nov. 27, 2013	Oct. 31, 2015USD ($)	Oct. 31, 2015USD ($)	Jan. 31, 2015USD ($)
Related Party Transaction [Line Items]
Other accrued expenses				$ 29,469	$ 29,469	$ 27,992
Other liabilities				148,003	148,003	$ 146,063
Interim Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Contributed Service Fees		$ 63
Interim Chief Financial Officer and Treasurer [Member]
Related Party Transaction [Line Items]
Contributed Service Fees		$ 43
Rights Offering Commitment Letter [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Proceed from contribution obligation	$ 65,000
Contribution obligation, funding description	The Company is required, simultaneously with the funding of the Contribution Obligation by Sun Fund V, or one or more of its affiliates, to issue to Sun Fund V or one or more of its affiliates the applicable number of shares of the Company’s common stock at the lesser of (i) a price per share equal to a 20% discount to the 30 day average trading price of the Company’s common stock on The New York Stock Exchange immediately prior to the date of the Rights Offering Commitment Letter, (ii) a price per share equal to a 20% discount to the 30 day average trading price of the Company’s common stock on The New York Stock Exchange immediately prior to the commencement of the Rights Offering and (iii) the price per share at which participants in the Rights Offering are entitled to purchase shares of new common stock issued by the Company.
Discount percentage on average trading price	20.00%
Number of days of average trading price considered for calculating price per share | d	30
Contribution obligation, payable upon non commencement, amount	$ 950
Contribution obligation, termination description	upon the earliest to occur of (A) the consummation of the Rights Offering whereby the Company receives proceeds equal to or exceeding $65,000, (B) 11:59 p.m. New York City time on April 7, 2016 if the Rights Offering has not commenced by such time, (C) 11:59 p.m. New York City time on April 30, 2016, and (D) the date Sun Fund V, or its affiliates, funds the Contribution Obligation.
Future payments under tax receivable agreements	$ 21,762
Sun Capital Consulting Agreement [Member]
Related Party Transaction [Line Items]
Reimbursement of expenses paid				3	$ 32
Kellwood [Member]
Related Party Transaction [Line Items]
Date of related party transaction agreement					Nov. 27, 2013
Number of business days require for receiving invoice from related party					15 days
Other accrued expenses				810	$ 810
Pre-IPO Stockholders [Member]
Related Party Transaction [Line Items]
Aggregate reduction in taxes payable percentage			85.00%
Future payments under tax receivable agreements postponed				21,762	21,762
Total obligation under Tax Receivable Agreement				169,765	169,765
Current amount of Tax Receivable Agreement obligation included in other accrued expenses				21,762	21,762
Other liabilities				148,003	$ 148,003
Tax receivable agreement period					8 years
Sun Cardinal, LLC [Member]
Related Party Transaction [Line Items]
Increase in tax receivable agreement liability				$ 801
Sun Cardinal, LLC [Member] | LIBOR [Member]
Related Party Transaction [Line Items]
Basis spread on variable rate per annum for postponed payments waived		5.00%
Basis spread on variable rate per annum for postponed payments		2.00%
Affiliates of Sun Capital Partners Inc [Member]
Related Party Transaction [Line Items]
Common stock ownership percentage by affiliates		56.00%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] $ in Thousands	Nov. 23, 2015USD ($)shares
Subsequent Event [Line Items]
Percentage of options vested on first anniversary of grant date	50.00%
Percentage of options vested on eighteen months of grant date	25.00%
Percentage of options vested on second anniversary of grant date	25.00%
Rea Laccone [Member]
Subsequent Event [Line Items]
Annual consulting fee	$ 2,500
Annual cash bonus	$ 1,000
Option to acquire common stock | shares	200,000
Christopher LaPolice [Member]
Subsequent Event [Line Items]
Annual consulting fee	$ 1,125
Annual cash bonus	$ 1,125
Option to acquire common stock | shares	150,000