Centric Brands (CTRC) 10-Q 9 Apr 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Feb. 28, 2014	Apr. 09, 2014
Document and Entity Information	'	'
Entity Registrant Name	'JOE'S JEANS INC.	'
Entity Central Index Key	'0000844143	'
Document Type	'10-Q	'
Document Period End Date	28-Feb-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--11-30	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	68,935,458
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Feb. 28, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$349	$785
Accounts receivable, net	4,104	4,621
Due from factor	27,500	31,434
Inventories, net	54,060	52,670
Deferred income taxes, net	3,114	3,114
Prepaid expenses and other current assets	4,889	2,178
Total current assets	94,016	94,802
Property and equipment, net	6,884	7,393
Goodwill	33,812	33,812
Intangible assets	82,527	83,110
Deferred financing costs	1,926	2,031
Other assets	1,850	1,875
Total assets	221,015	223,023
Current liabilities	'	'
Accounts payable and accrued expenses	26,510	26,436
Line of credit	15,406	17,673
Contingent consideration buy-out payable-short term	3,099	3,072
Promissory tax note issued	1,235	1,235
Total current liabilities	46,250	48,416
Long term debt	58,884	58,840
Convertible notes	31,085	27,912
Deferred income taxes, net	16,202	16,202
Contingent consideration buy-out payable-long term	2,433	3,230
Deferred rent	2,513	2,404
Other liabilities	250	250
Total liabilities	157,617	157,254
Commitments and contingencies	'	'
Stockholders' equity	'	'
Common stock, $0.10 par value: 100,000 shares authorized, 69,460 shares issued and 68,936 outstanding (2014) and 68,878 shares issued and 68,549 outstanding (2013)	6,948	6,890
Additional paid-in capital	107,909	107,933
Accumulated deficit	-48,141	-45,963
Treasury stock, 524 shares (2014), 329 shares (2013)	-3,318	-3,091
Total stockholders' equity	63,398	65,769
Total liabilities and stockholders' equity	$221,015	$223,023

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Feb. 28, 2014	Nov. 30, 2013
In Thousands, except Per Share data, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	69,460	68,878
Common stock, shares outstanding	68,936	68,549
Treasury stock, shares	524	329

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)	'	'
Net sales	$47,344	$29,430
Cost of goods sold	25,859	15,115
Gross profit	21,485	14,315
Operating expenses	'	'
Selling, general and administrative	18,952	11,487
Depreciation and amortization	1,227	492
Contingent consideration buy-out expense	'	8,732
Total operating expenses	20,179	20,711
Operating income (loss)	1,306	-6,396
Interest expense	3,321	70
Other expense	2,550	'
Loss before provision for taxes	-4,565	-6,466
Income tax benefit	-2,387	-78
Net loss and comprehensive loss	($2,178)	($6,388)
Loss per common share - basic (in dollars per share)	($0.03)	($0.10)
Loss per common share - diluted (in dollars per share)	($0.03)	($0.10)
Weighted average shares outstanding	'	'
Basic (in shares)	67,938	66,646
Diluted (in shares)	67,938	66,646

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net cash provided by operating activities	$2,409	$802
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Purchases of property and equipment	-135	-436
Net cash used in investing activities	-135	-436
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Repayment of line of credit	-2,267	'
Repayment of term loan	-15	'
Advances from factor, net	'	506
Purchase of treasury stock	-227	'
Payment of taxes on restricted stock units	-201	-241
Net cash (used in) provided by financing activities	-2,710	265
NET CHANGE IN CASH AND CASH EQUIVALENTS	-436	631
CASH AND CASH EQUIVALENTS, at beginning of period	785	13,426
CASH AND CASH EQUIVALENTS, at end of period	$349	$14,057

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Treasury Stock
In Thousands, unless otherwise specified
Balance at Nov. 30, 2012	$71,739	$6,732	$106,747	($38,649)	($3,091)
Balance (in shares) at Nov. 30, 2012	'	67,294	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Net loss and comprehensive loss	-6,388	'	'	-6,388	'
Stock-based compensation, net of withholding taxes	208	'	208	'	'
Issuance of restricted stock	'	100	-100	'	'
Issuance of restricted stock (in shares)	'	1,001	'	'	'
Balance at Feb. 28, 2013	65,559	6,832	106,855	-45,037	-3,091
Balance (in shares) at Feb. 28, 2013	'	68,295	'	'	'
Balance at Nov. 30, 2013	65,769	6,890	107,933	-45,963	-3,091
Balance (in shares) at Nov. 30, 2013	68,878	68,878	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Net loss and comprehensive loss	-2,178	'	'	-2,178	'
Stock repurchase	-227	'	'	'	-227
Stock-based compensation, net of withholding taxes	34	'	34	'	'
Issuance of restricted stock	'	58	-58	'	'
Issuance of restricted stock (in shares)	'	582	'	'	'
Balance at Feb. 28, 2014	$63,398	$6,948	$107,909	($48,141)	($3,318)
Balance (in shares) at Feb. 28, 2014	69,460	69,460	'	'	'

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Feb. 28, 2014
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	NOTE 1 - BASIS OF PRESENTATION
	The unaudited condensed consolidated financial statements of Joe’s Jeans Inc., or Joe’s, we or us, which include the accounts of our wholly-owned subsidiaries, for the three months ended February 28, 2014 and 2013 and the related footnote information have been prepared on a basis consistent with our audited consolidated financial statements as of November 30, 2013 contained in our Annual Report on Form 10-K, or the Annual Report.  Our fiscal year end is November 30.
	Our principal business activity involves the design, development and worldwide marketing of apparel products, which include denim jeans, related casual wear and accessories that bear the brands Joe’s® and Hudson®.  Our primary current operating subsidiaries are Joe’s Jeans Subsidiary Inc., or Joe’s Jeans Subsidiary and Hudson Clothing LLC, or Hudson.  In addition, we have other subsidiaries, including Joe’s Jeans Retail Subsidiary, Inc., Innovo West Sales Inc., Hudson Clothing Holdings, Inc. and HC Acquisition Inc.  All significant inter-company transactions have been eliminated.  We completed the acquisition of Hudson on September 30, 2013 and the information presented includes the results of operations of Hudson from the date of acquisition.
	Our reportable business segments are Wholesale and Retail.  We manage, evaluate and aggregate our operating segments for segment reporting purposes primarily on the basis of business activity and operation.  Our Wholesale segment is comprised of sales of Joe’s® and Hudson® products to retailers, specialty stores and international distributors, includes revenue from licensing agreements and records expenses from sales, trade shows, distribution, product samples and customer service departments.  Our Retail segment is comprised of sales to consumers through full price retail stores, outlet stores and through our online retail sites at www.joesjeans.com and www.hudsonjeans.com.  We opened our first full price retail store in October 2008 in Chicago, Illinois and we currently operate 13 full price retail stores and 20 outlet stores in outlet centers, malls and street locations around the country for our Joe’s® brand.  Our Corporate and other is comprised of expenses from corporate operations, which include the executive, finance, legal, human resources, design and production departments and general advertising expenses associated with our brands.
	These unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.  These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto contained in our Annual Report.  In the opinion of management, the accompanying unaudited financial statements contain all adjustments (consisting of normal recurring adjustments), which management considers necessary to present fairly our financial position, results of operations and cash flows for the interim periods presented.  The results for the three months ended February 28, 2014 are not necessarily indicative of the results anticipated for the entire year ending November 30, 2014.  The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements.  Actual results may differ from those estimates.

ADOPTION_OF_ACCOUNTING_PRINCIP

ADOPTION OF ACCOUNTING PRINCIPLES	3 Months Ended
	Feb. 28, 2014
ADOPTION OF ACCOUNTING PRINCIPLES	'
ADOPTION OF ACCOUNTING PRINCIPLES	'
	NOTE 2 —ADOPTION OF ACCOUNTING PRINCIPLES
	In February 2013, the Financial Accounting Standards Board, or FASB, issued a standard that revised the disclosure requirements for items reclassified out of accumulated other comprehensive income and requires entities to present information about significant items reclassified out of accumulated other comprehensive income by component either (1) on the face of the statement where net income is presented or (2) as a separate disclosure in the notes to the financial statements. This guidance is effective for annual reporting periods beginning after December 15, 2012. We adopted this guidance effective for our first quarter of fiscal 2014.  The adoption of this guidance did not have a material effect on our financial statements.
	In March 2013, the FASB issued a standard which requires the release of cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. This guidance is effective for annual reporting periods beginning after December 15, 2013. The adoption of this amendment will not have a material effect on our financial statements.
	In July 2013, the FASB issued a standard clarify the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists as of the reporting date. This guidance is effective for annual reporting periods beginning after December 15, 2013. The adoption of this amendment will not have a material effect on our financial statements.
	In July 2013, the FASB issued a standard permitting the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes, in addition to the United States Treasury rate and London Interbank Offered Rate, or LIBOR. In addition, the restriction on using different benchmark rates for similar hedges is removed. We are required to adopt these provisions prospectively for qualifying new or re-designated hedging relationships entered into on or after July 17, 2013. The adoption of this amendment will not have a material effect on our financial statements.

ACCOUNTS_RECEIVABLE_INVENTORY_

ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE FROM (TO) FACTOR	3 Months Ended
	Feb. 28, 2014
ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE FROM (TO) FACTOR	'
ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE FROM (TO) FACTOR	'
	NOTE 3 — ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE FROM (TO) FACTOR
	Historically, our primary method to obtain the cash necessary for operating needs has been through the sale of accounts receivable pursuant to factoring agreements and advances under inventory security agreements with our factor, CIT Commercial Services, a unit of CIT Group Inc., or CIT.
	As a result of these agreements, amounts due from (to) factor consist of the following (in thousands):
		February 28, 2014			November 30, 2013
	Non-recourse receivables assigned to factor	$	25,280		$	32,194
	Client recourse receivables	6,289			3,220
	Total receivables assigned to factor	31,569			35,414
	Allowance for customer credits	(4,069		)	(3,980		)
	Due to factor	$	27,500		$	31,434
	Non-factored accounts receivable	$	5,068		$	5,396
	Allowance for customer credits	(677		)	(478		)
	Allowance for doubtful accounts	(287		)	(297		)
	Accounts receivable, net of allowance	$	4,104		$	4,621
	Of the total amount of receivables sold by us as of February 28, 2014 and November 30, 2013, we hold the risk of payment of $6,289,000 and $3,220,000, respectively, in the event of non-payment by the customers.
	CIT Commercial Services
	Prior to our acquisition of Hudson on September 30, 2013, our Joe’s Jeans Subsidiary was a party to an accounts receivable factoring agreement and an inventory security agreement with CIT.  The agreements prior to September 30, 2013 were structured so that we had the ability to obtain cash by selling to CIT certain of our accounts receivable and advances for up to 50 percent of the value of certain eligible inventory.  The accounts receivables were sold for up to 85 percent of the face amount on either a recourse or non-recourse basis depending on the creditworthiness of the customer.  CIT permitted us to sell our accounts receivables at the maximum level of 85 percent and allowed advances of up to $6,000,000 for eligible inventory.  CIT had the ability, in its discretion at any time or from time to time, to adjust or revise any limits on the amount of loans or advances made to us pursuant to both of these agreements and to impose surcharges on our rates for certain of our customers.  In addition, cross guarantees were executed by and among us and all of our parent and subsidiaries to guarantee each entity’s obligations.  In connection with the agreements prior to September 30, 2013, certain assets were pledged to CIT, including our entire inventory, merchandise and/or goods, including raw materials through finished goods and receivables.  However, our trademarks were not encumbered under those agreements.
	This accounts receivable agreement could be terminated by CIT upon 60 days’ written notice or immediately upon the occurrence of an event of default as defined in the agreement.  In June 2013, we entered into an amendment to the accounts receivable agreement that permitted us to terminate the accounts receivable agreement upon 30 days’ written notice prior to September 30, 2013, or thereafter upon 60 days’ written notice provided that the minimum factoring fees have been paid for the respective period or if CIT fails to fund us for five consecutive days.  The inventory agreement could be terminated once all obligations were paid under both agreements or if an event of default occurred as defined in the agreement.  On September 30, 2013, we entered into an amended and restated factoring agreement with CIT that amended and restated our existing factoring agreement and replaced all prior agreements relating to factoring and inventory security.
	Under the agreements that terminated on September 30, 2013, we paid to CIT a factoring rate of 0.55 percent for accounts for which CIT had the credit risk, subject to discretionary surcharges, up to $40,000,000 of invoices factored, 0.50 percent over $40,000,000 of invoices factored and 0.35 percent for accounts for which we had the credit risk.  The interest rate associated with borrowings under the inventory lines and factoring facility was 0.25 percent plus the Chase prime rate, which was 3.25 percent prior to September 30, 2013.  In the event we needed additional funds, we also had a letter of credit facility with CIT to allow us to open letters of credit for a fee of 0.25 percent of the letter of credit face value with international and domestic suppliers, subject to our overall availability.
	Amended and Restated Factoring Agreement
	On September 30, 2013, we entered into an amended and restated factoring agreement, or the Amended and Restated Factoring Agreement, with CIT, which replaces all prior agreements relating to factoring and inventory security. The Amended and Restated Factoring Agreement provides that we sell and assign to CIT certain of our accounts receivable, including accounts arising from or related to sales of inventory and the rendition of services.  We will pay a factoring rate of 0.50 percent for accounts for which CIT bears the credit risk, subject to discretionary surcharges, and 0.35 percent for accounts for which we bear the credit risk, but in no event less than $3.50 per invoice.  The interest rate associated with borrowings under the factoring facility will be equal to the interest rate then in effect for “Revolving A Loans” pursuant to the revolving credit agreement. The Amended and Restated Factoring Agreement may be terminated by CIT upon 60 days’ written notice or immediately upon the occurrence of an event of default as defined in the agreement.  The accounts receivable agreement may be terminated by us upon 60 days’ written notice prior to September 30, 2018 or annually with 60 days’ written notice prior to September 30th of each year thereafter.  The Amended and Restated Factoring Agreement remains effective until it is terminated.
	As of February 28, 2014, our cash balance was $349,000 and our cash availability with CIT was approximately $26,000,000.  This amount with CIT fluctuates on a daily basis based upon invoicing and collection related activity by CIT for the receivables sold.  See also “Note 12 — Debt” for a further discussion of our debt arrangements with CIT and other lenders.

INVENTORIES_NET

INVENTORIES, NET	3 Months Ended
	Feb. 28, 2014
INVENTORIES, NET	'
INVENTORIES, NET	'
	NOTE 4 — INVENTORIES, NET
	Inventories are valued at the lower of cost or market with cost determined by the first-in, first-out method.  Inventories consisted of the following (in thousands):
		February 28, 2014			November 30, 2013
	Finished goods	$	30,645		$	30,129
	Finished goods consigned to others	1,132			1,066
	Work in progress	4,609			5,057
	Raw materials	19,708			18,406
		56,094			54,658
	Less allowance for obsolescence and slow moving items	(2,034		)	(1,988		)
		$	54,060		$	52,670
	We did not record any charges to our inventory reserve allowance for the three months ended February 28, 2014 or year ended November 30, 2013.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Feb. 28, 2014
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	NOTE 5 —RELATED PARTY TRANSACTIONS
	Joe Dahan
	Since the acquisition of the Joe’s® brand as a result of a merger in October 2007 through February 18, 2013, Mr. Dahan was entitled to a certain percentage of our gross profit in any applicable fiscal year until October 2017.  At the time of the acquisition, pursuant to ASC 805 — Business Combinations, we assessed this original contingent consideration arrangement as compensatory and expensed such amounts over the term of the earn out period at the defined percentage amounts.  For the three months ended February 28, 2013, expense of $311,000 was recorded in the statement of net (loss) income and comprehensive (loss) income related to the contingent consideration expense made to Mr. Dahan under the original agreement.  For the three months ended February 28, 2014, we did not have any expense related to the contingent consideration expense made to Mr. Dahan under the original agreement since we entered into the new agreement with him as described below.
	On February 18, 2013, we entered into a new agreement with Mr. Dahan that fixed the overall amount to be paid by us for the remaining months of year six through year 10 in the original merger agreement at $9,168,000 through weekly installment payments beginning on February 22, 2013 until November 27, 2015.  In the first quarter of fiscal 2013, we recorded a charge of $8,732,000 as contingent consideration buy-out expense in connection with this agreement.  This amount represented the net present value of the total fixed amount that Mr. Dahan would receive.  The entire amount was expensed during the first quarter of fiscal 2013 as the amount payable represented a present obligation due to Mr. Dahan.  On September 30, 2013, in connection with entry into new credit facilities relating to the acquisition of Hudson, Mr. Dahan, CIT, Garrison and all of our loan parties entered into an earn out subordination agreement, which provides, among other things, that any payment, whether in cash, in kind, securities or any other property, in connection with the our obligations to Mr. Dahan is expressly junior and subordinated in right of payment to all amounts due and owing upon any indebtedness outstanding under the revolving credit facility and the term loan facility.  We are permitted to make certain amount of weekly installment payments of our obligations in the absence of an insolvency proceeding or any event of default under the revolving credit agreement or the term loan credit agreement.
	See “Note 9 — Commitments and Contingencies - Contingent Consideration Payments, Buy Out Agreement and Earnout Subordination Agreement” for a further discussion on these agreements with Mr. Dahan.
	Ambre Dahan
	In January 2013, we entered in to a consulting arrangement with Ambre Dahan, the spouse of Mr. Joe Dahan, for design director services that pays her $175,000 per annum on a bi-weekly basis.  For the three months ended February 28, 2014 and 2013, we paid Ms. Dahan $47,000 and $27,000, respectively, under this arrangement.  This arrangement may be terminated at any time by the parties.  Mr. Dahan is not a party to this arrangement, and we do not consider this arrangement material to us.
	Albert Dahan
	In April 2009, we entered into a commission-based sales agreement with Albert Dahan, brother of Joe Dahan, for the sale of our products into the off-price channels of distribution.  Under the agreement, Mr. Albert Dahan is entitled to a commission for purchase orders entered into by us where he acts as a sales person.  The agreement may be terminated at any time for any reason or no reason with or without notice.  For the three months ended February 28, 2013, payments of $120,000 were made to Mr. Albert Dahan under this arrangement.  For the three months ended February 28, 2014, there were no payments made to Mr. Albert Dahan under this arrangement.
	In October 2011, we entered into an agreement with Ever Blue LLC, or Ever Blue, an entity for which Albert Dahan is the sole member, for the sale of children’s products.  Ever Blue has an exclusive right to produce, distribute and sell children’s products bearing the Joe’s® brand on a worldwide basis, subject to certain limitations on the channels of distribution.  In exchange for the license, Ever Blue pays to us a royalty on net sales with certain guaranteed minimum sales for each term.  In connection with this agreement, we provided initial funding to Ever Blue for inventory purchases, which such amount has been repaid in full.  For the three months ended February 28, 2014 and 2013, we recognized $248,000 and $180,000, respectively, in royalty income under the license agreement.
	Peter Kim
	We have entered into several agreements, including a stock purchase agreement, a convertible note, a registration rights agreement, an employment agreement and a non-competition agreement with Peter Kim, CEO of our Hudson subsidiary and member of our Board of Directors, in connection with the acquisition of Hudson.  See “Note 11 — Acquisition of Hudson” and “Note 12 — Debt” for a further discussion of those agreements.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Feb. 28, 2014
EARNINGS PER SHARE	'
EARNINGS PER SHARE	'
	NOTE 6— EARNINGS PER SHARE
	Earnings per share are computed using weighted average common shares and dilutive common equivalent shares outstanding.  Potentially dilutive securities consist of outstanding options, restricted stock and unvested RSUs.  A reconciliation of the numerator and denominator of basic earnings per share and diluted earnings per share is as follows:
		Three months ended
		(in thousands, except per share data)
		February 28, 2014			February 28, 2013
	Basic (loss) earnings per share computation:
	Numerator:
	Net loss and comprehensive loss	$	(2,178	)	$	(6,388	)
	Denominator:
	Weighted average common shares outstanding	67,938			66,646
	Loss per common share - basic
	Net loss and comprehensive loss	$	(0.03	)	$	(0.10	)
	Diluted loss per share computation:
	Numerator:
	Net loss and comprehensive loss	$	(2,178	)	$	(6,388	)
	Denominator:
	Weighted average common shares outstanding	67,938			66,646
	Effect of dilutive securities:
	Restricted shares, RSU’s, convertible securities and options	—			—
	Dilutive potential common shares	67,938			66,646
	Loss per common share - dilutive
	Net loss and comprehensive loss	$	(0.03	)	$	(0.10	)
	For the three months ended February 28, 2014, and 2013, currently exercisable options, convertible notes, unvested restricted shares and unvested RSUs in the aggregate of 21,340,377 and 4,283,975, respectively, have been excluded from the calculation of the diluted loss per share as their effect would have been anti-dilutive.
	Shares Reserved for Future Issuance
	As of February 28, 2014, shares reserved for future issuance include (i) 775,000 shares of common stock issuable upon the exercise of stock options granted under the incentive plans; (ii) 1,545,326 shares of common stock issuable upon the vesting of RSUs; and (iii) an aggregate of 2,975,434 shares of common stock available for future issuance under the Amended and Restated 2004 Stock Incentive Plan; and (iv) 13,600,000 shares of common stock issuable pursuant to the convertible notes (until stockholder approval is obtained to issue additional shares).

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Feb. 28, 2014
INCOME TAXES	'
INCOME TAXES	'
	NOTE 7 —INCOME TAXES
	We utilize the liability method of accounting for income taxes in accordance with FASB Accounting Standards Codification, or ASC, 740.  Under the liability method, deferred taxes are determined based on the temporary differences between the financial statements and tax bases of assets and liabilities using enacted tax rates.
	A valuation allowance is required when it is more likely than not that all or a portion of a deferred tax asset will not be realized. Annually, management reassesses the need for a valuation allowance. Realization of deferred income tax assets is dependent upon taxable income in prior carryback years, estimates of future taxable income, tax planning strategies and reversals of existing taxable temporary differences. Based on our assessment of these items for fiscal 2013, 2012 and 2011, we determined that the deferred tax assets were more likely than not to be realized with the exception of a valuation allowance of $342,000 that was recorded against a state net operating loss deferred tax asset during fiscal 2013.
	We are subject to U.S. federal income tax as well as income tax in multiple state jurisdictions.  To the extent allowed by law, the tax authorities may have the right to examine prior periods where net operating losses were generated and carried forward, and make adjustments up to the amount of the net operating loss carryforward amount.  We are no longer subject to U.S. federal and California income tax examinations by tax authorities for years prior to 2009.  We are currently not subject to any examinations.
	We had net operating loss carryforwards of $24,909,000 at the end of fiscal 2013 for federal tax purposes that will expire from fiscal 2019 through 2027.  We also had $22,467,000 of net operating loss carryforwards available for California which begin to expire from fiscal 2014 through fiscal 2020.
	Certain limitations may be placed on net operating loss carryforwards as a result of “changes in control” as defined in Section 382 of the Internal Revenue Code.  In the event a change in control occurs, it will have the effect of limiting the annual usage of the carryforwards in future years.  Additional changes in control in future periods could result in further limitations of our ability to offset taxable income.  Management believes that certain changes in control have occurred which resulted in limitations on our net operating loss carryforwards.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Feb. 28, 2014
STOCKHOLDERS' EQUITY	'
STOCKHOLDERS' EQUITY	'
	NOTE 8 — STOCKHOLDERS’ EQUITY
	Stock Incentive Plans
	On June 3, 2004, we adopted the 2004 Stock Incentive Plan, or the 2004 Incentive Plan, and in October 2011, we adopted an Amended and Restated 2004 Stock Incentive Plan, or the Restated Plan, to update it with respect to certain provisions and changes in the tax code since its original adoption.  Under the Restated Plan, the number of shares authorized for issuance is 6,825,000 shares of common stock.  We have filed a Definitive Proxy Statement on Schedule 14A asking our stockholders to approve an amendment to our Restated Plan to increase the number of shares authorized for issuance to 11,825,000 at our Annual Meeting of Stockholders on May 8, 2014.  After the adoption of the Restated Plan in October 2011, we no longer grant awards pursuant to the 2004 Incentive Plan; however, it remains in effect for awards outstanding as of the adoption of the Restated Plan.  Under the Restated Plan, grants may be made to employees, officers, directors and consultants under a variety of awards based upon underlying equity, including, but not limited to, stock options, restricted common stock, restricted stock units or performance shares.  The Restated Plan limits the number of shares that can be awarded to any employee in one year to 1,250,000.  The exercise price for incentive options may not be less than the fair market value of our common stock on the date of grant and the exercise period may not exceed ten years.  Vesting periods, terms and types of awards are determined by the Board of Directors and/or our Compensation and Stock Option Committee, or Compensation Committee.  The Restated Plan includes a provision for the acceleration of vesting of all awards upon a change of control as well as a provision that allows forfeited or unexercised awards that have expired to be available again for future issuance. Since fiscal 2008, we have issued both restricted common stock and restricted common stock units, or RSUs, to our officers, directors and employees pursuant to our various plans.  The RSUs represent the right to receive one share of common stock for each unit on the vesting date provided that the employee continues to be employed by us.  On the vesting date of the RSUs, we expect to issue the shares of common stock to each participant upon vesting and expect to withhold an equivalent number of shares at fair market value on the vesting date to fulfill tax withholding obligations.  Any RSUs withheld or forfeited will be shares available for issuance in accordance with the terms of the Restated Plan.
	The shares of common stock issued upon exercise of a previously granted stock option or a grant of restricted common stock or RSUs are considered new issuances from shares reserved for issuance in connection with the adoption of the various plans. We require that the option holder provide a written notice of exercise in accordance with the option agreement and plan to the stock plan administrator and full payment for the shares be made prior to issuance.  All issuances are made under the terms and conditions set forth in the applicable plan.  As of February 28, 2014, 2,975,434 shares remained available for issuance under the Restated Plan.
	For all stock compensation awards that contain graded vesting with time-based service conditions, we have elected to apply a straight-line recognition method to account for all of these awards.  For existing grants that were not fully vested at November 30, 2013, there was a total of $235,000 and $449,000 of stock based compensation expense recognized during the three months ended February 28, 2014 and 2013, respectively.
	The following summarizes option grants, restricted common stock and RSUs issued to members of the Board of Directors for the fiscal years 2002 through the first quarter of fiscal 2014 (in actual amounts) for service as a member:
		February 28, 2014
	Granted as of:	Number of options		Exercise price
	2002	40,000		$	1.00
	2002	31,496		$	1.27
	2003	30,768		$	1.30
	2004	320,000		$	1.58
	2005	300,000		$	5.91
	2006	450,000		$	1.02
				Number of restricted
				shares isssued
	2007			320,000
	2008			473,455
	2009			371,436
	2010			131,828
	2011			—
	2012			617,449
	2013			—
	2014			219,678
	Exercise prices for all options outstanding as of February 28, 2014 were as follows:
		Options Outstanding and Exercisable
	Exercise Price	Number of shares		Weighted-Average
				Remaining
				Contractual Life
	$1.00 - $1.02	100,000		2
	$1.58 - $1.63	225,000		0.5
	$5.91	450,000		1.3
		775,000		1.1
	The following table summarizes stock option activity by plan for the three months ended February 28, 2014 and 2013, (in actual amounts). There are no stock options outstanding under our Restated Plan.
		Total Number		2004 Incentive		2000 Director
		of Shares		Plan		Plan
	Outstanding at November 30, 2013	775,000		775,000		—
	Granted	—		—		—
	Exercised	—		—		—
	Forfeited / Expired	—		—		—
	Outstanding and exercisable at February 28, 2014	775,000		775,000		—
	Outstanding at November 30, 2012	796,794		775,000		21,794
	Granted	—		—		—
	Exercised	—		—		—
	Forfeited / Expired	—		—		—
	Outstanding and exercisable at February 28, 2013	796,794		775,000		21,794
	Stock option activity in the aggregate for the periods indicated are as follows (in actual amounts):
		Options		Weighted			Weighted average		Aggregate
				average			remaining contractual		Intrinsic
				exercise price			Life (Years)		Value
	Outstanding at November 30, 2013	775,000		$	4.03
	Granted	—		—
	Exercised	—		—
	Expired	—		—
	Forfeited	—		—			—		—
	Outstanding and exercisable at February 28, 2014	775,000		$	4.03		1.1		$	39,000
	Weighted average per option fair value of options granted during the year			N/A
		Options		Weighted			Weighted average		Aggregate
				average			remaining contractual		Intrinsic
				exercise price			Life (Years)		Value
	Outstanding at November 30, 2012	796,794		$	3.96
	Granted	—		—
	Exercised	—		—
Expired	—		—
Forfeited	—		—			—		—
Outstanding and exercisable at February 28, 2013	796,794		$	3.96		2.1		$	38,961
Weighted average per option fair value of options granted during the year			N/A
As of February 28, 2014, there was $2,348,600 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the 2004 Incentive Plan and the Restated Plan.  That unrecognized compensation cost is expected to be recognized over a weighted-average period of 2.3 years.
A summary of the status of restricted common stock and RSUs as of November 30, 2012 and November 30, 2013, and changes during the three months ended February 28, 2014 and 2013, are presented below (in actual amounts):
							Weighted-Average Grant-Date
							Fair Value
	Restricted		Restricted		Total Shares		Restricted			Restricted
	Shares		Stock Units				Shares			Stock Units
Outstanding at November 30, 2013	954,798		1,661,330		2,616,128		$	0.9		$	0.93
Granted	288,121		362,242		650,363		1.49			1.49
Issued	(450,616	)	(293,480	)	(744,096	)	0.95			0.98
Cancelled	—		(184,766	)	(184,766	)	—			0.98
Forfeited	—		—		—		—			—
Outstanding at February 28, 2014	792,303		1,545,326		2,337,629		$	1.08		$	1.04
Outstanding at November 30, 2012	844,236		2,713,605		3,557,841		$	0.85		$	0.87
Granted	420,882		631,059		1,051,941		1.02			1.02
Issued	(310,320	)	(580,351	)	(890,671	)	0.92			0.82
Cancelled	—		(228,395	)	(228,395	)	—			0.82
Forfeited	—		(3,536	)	(3,536	)	—			0.7
Outstanding at February 28, 2013	954,798		2,532,382		3,487,180		$	0.9		$	0.94
In the three months ended February 28, 2014, we granted 362,242 RSUs and 288,121 shares of restricted stock.  In the three months ended February 28, 2013, we granted 631,059 RSUs and 420,882 shares of restricted stock. In the three months ended February 28, 2014, we (i) issued 744,096 shares of restricted stock and common stock to holders of RSUs, respectively, in connection with the granting of restricted stock or vesting of RSUs, and (ii) withheld, canceled or forfeited 184,766 RSUs and retired into treasury 194,901 shares of restricted stock.  In the three months ended February 28, 2013, we (i) issued 890,671 shares of restricted stock and common stock to holders of RSUs, respectively in connection with the granting of restricted stock or vesting of RSUs, and (ii) withheld, canceled or forfeited 231,931 RSUs.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Feb. 28, 2014
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE 9 — COMMITMENTS AND CONTINGENCIES
	Contingent Consideration Payments, Buy-Out Agreement and Earnout Subordination Agreement
	As part of the consideration paid in connection with the merger with JD Holdings in October of 2007 and without regard to continued employment, until February 12, 2013, Mr. Dahan was entitled to a certain percentage of the gross profit earned by us in any applicable fiscal year until October 2017.  Mr. Dahan was entitled to the following: (i) 11.33 percent of the gross profit from $11,251,000 to $22,500,000; (ii) three percent of the gross profit from $22,501,000 to $31,500,000; (iii) two percent of the gross profit from $31,501,000 to $40,500,000; and (iv) one percent of the gross profit above $40,501,000.  The payments were paid in advance on a monthly basis based upon estimates of gross profits after the assumption that the payments were likely to be paid.  At the end of each quarter, any overpayments were offset against future payments and any significant underpayments were made.  No payments were made if the gross profit was less than $11,250,000.  “Gross Profit” was defined as net sales of the Joe’s® brand less cost of goods sold.  We accounted for such payments as compensation expense.
	On February 18, 2013, we entered into an agreement with Mr. Dahan that provided certainty of payments to him by removing the contingencies related to the contingent consideration payments to be made to Mr. Dahan as an earn out under the original merger agreement.  This agreement fixed the overall amount to be paid by us for the remaining months of year six through year 10 in the original merger agreement.  The payments are now made over an accelerated time period until November 2015 instead of October 2017.  Under the agreement, beginning on February 22, 2013 until November 27, 2015, Mr. Dahan is entitled to receive the total aggregate fixed amount of $9,168,000 through weekly installment payments.  In the first quarter of fiscal 2013, we recorded a charge of $8,732,000 as contingent consideration buy-out expense in connection with this agreement.  This amount represented the net present value of the total fixed amount that Mr. Dahan would receive.  The entire amount was expensed during the first quarter of fiscal 2013 as the amount payable represented a present obligation due to Mr. Dahan.  Mr. Dahan is not required to perform any services or remain employed to receive the fixed amount.  Mr. Dahan also agreed to an additional restrictive covenant relating to non-competition and non-solicitation until November 30, 2016 that added to the original restrictive covenant in the merger agreement.
	Retail Leases
	We lease retail store locations under operating lease agreements expiring on various dates through 2023 or 3 to 10 years from the rent commencement date and have one temporary space for a term of nine months.  Some of these leases require us to make periodic payments for property taxes, utilities and common area operating expenses. Certain retail store leases provide for rents based upon the minimum annual rental amount and a percentage of annual sales volume, generally ranging from 6 percent to 8 percent, when specific sales volumes are exceeded.  Some leases include lease incentives, rent abatements and fixed rent escalations, which are amortized and recorded over the initial lease term on a straight-line basis.
	As of February 28, 2014, the future minimum rental payments under non-cancelable retail operating leases with lease terms in excess of one year were as follows (in thousands):
	Future Lease Obligations are as follows (in thousands):
	2014	Remainder of the year	$	5,850
	2015		7,770
	2016		7,721
	2017		7,712
	2018		7,541
	Thereafter		16,726
			$	53,320
	Convertible Notes, Promissory Tax Notes, Revolving Credit Facility and Term Loan Credit Facility
	See “Note 12 — Debt” for a further discussion on the commitments related to acquisition which included the issuance of the convertible notes, the promissory tax notes, the revolving credit facility and the term loan credit facility.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Feb. 28, 2014
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'
	NOTE 10 — SEGMENT INFORMATION
	The following table contains summarized financial information concerning our reportable segments:
		Three months ended
		(dollar values in thousands)
		February 28, 2014			February 28, 2013
	Net sales:
	Wholesale	$	39,615		$	23,087
	Retail	7,729			6,343
		$	47,344		$	29,430
	Gross profit:
	Wholesale	$	16,760		$	10,232
	Retail	4,725			4,083
		$	21,486		$	14,315
	Operating (loss) income:
	Wholesale	$	10,371		$	6,704
	Retail	(988		)	(326		)
	Corporate and other	(8,077		)	(12,774		)
		$	1,306		$	(6,396	)
	Capital expenditures:
	Wholesale	$	—		$	8
	Retail	27			428
	Corporate and other	108			—
		$	135		$	436
	Total assets:
	Wholesale	$	91,218		$	50,219
	Retail	10,891			9,433
	Corporate and other	118,906			28,030
		$	221,015		$	87,682

ACQUISITION_OF_HUDSON

ACQUISITION OF HUDSON	3 Months Ended
	Feb. 28, 2014
ACQUISITION OF HUDSON	'
ACQUISITION OF HUDSON	'
	NOTE 11 - ACQUISITION OF HUDSON
	On September 30, 2013, we completed the acquisition of Hudson and purchased all of the outstanding equity interests for an aggregate purchase price of approximately $94,102,000, consisting of $65,416,000 in cash, approximately $27,451,000 in convertible notes, net of discount, and $1,235,000 in aggregate principal amount of promissory notes bearing no interest to certain former option holders of Hudson that we subsequently paid on April 1, 2014.
	In addition, in connection with the acquisition, we, along with all of our subsidiaries entered into: (i) a revolving credit agreement with CIT as administrative agent, collateral agent, documentation agent and syndication agent, CIT Finance LLC, as sole lead arranger and sole bookrunner, and the lenders party thereto, and (ii) a term loan credit agreement with Garrison Loan Agency Services LLC, as administrative agent, collateral agent, lead arranger, documentation agent and syndication agent, and the lenders party thereto, or Garrison.  In addition, we entered into an amended and restated factoring agreement with CIT that amends and restates our existing factoring agreement.  See “Note 12 — Debt” for a description of our debt arrangements.
	Management expects to complete the purchase price allocations during fiscal 2014.  We are in the process of completing the amounts assigned to assets and liabilities, acquired intangible assets and the related impact on goodwill for the acquisition.  More specifically, open items include finalizing the amounts associated with working capital and tax refunds due to the sellers.
	The assets acquired in this acquisition consisted of tangible and intangible assets acquired and liabilities assumed.  The differences between the fair value of the consideration paid and the estimated fair value of the assets and liabilities has been recorded as goodwill.  We have determined that the useful life of the acquired trade name asset is indefinite, and therefore, no amortization expense will initially need to be recognized.  The useful life of the acquired customer relationships and design assets are finite and will be amortized over their useful lives.  However, we will test the assets for impairment annually and/or if events or changes in circumstances indicate that the assets might be impaired.  Additionally, a deferred tax liability has been established in the allocation of the purchase price with respect to the identified indefinite long lived intangible assets acquired.
	Under the purchase method of accounting, the total consideration as shown in the table below is allocated to the assets based on their estimated fair values as of the date of the completion of the acquisition. The consideration is allocated as follows:
	Assets and liabilities assumed:
	Cash and cash equivalents	$	198
	Accounts receivable	1,263
	Due from factor	13,806
	Inventories	22,230
	Prepaid expenses and other assets	2,526
	Property and equipment	726
	Other assets	239
	Accounts payable and accrued expenses	(9,566		)
	Other current liabilities	(2,734		)
	Due to factor	(7,411		)
	Deferred income taxes, net	(16,651		)
	Intangible assets acquired:
	Trade names	44,400
	Customer relationships	2,700
	Design	12,400
	Net assets acquired	64,126
	Goodwill created by the acquisition	29,976
	Total consideration transferred	$	94,102
	Total Purchase Price
	Cash	$	65,416
	Promissory notes	1,235
	Convertible notes (Face value $32,445 less discount)	27,451
	Total Purchase Price	$	94,102

DEBT

DEBT	3 Months Ended
	Feb. 28, 2014
DEBT	'
DEBT	'
	NOTE 12 - DEBT
	Convertible Notes
	The convertible notes were issued with different interest rates and conversion features for Hudson’s management stockholders and Fireman, respectively.  Interest on the convertible notes is paid in a combination of cash and additional paid in kind notes, or PIK Notes.  Convertible notes in an aggregate principal amount of approximately $22,885,000 (face amount) were issued to Hudson’s management stockholders, are structurally and contractually subordinated to our senior debt and mature on March 31, 2019.  All of the notes are expressly junior and subordinated in right of payment to all amounts due and owing upon any indebtedness outstanding under the revolving credit facility and the term loan facility (as discussed below).
	The management notes accrue interest quarterly on the outstanding principal amount (i) from September 30, 2013 until the earlier to occur of the date of conversion of the notes or November 30, 2014 at a rate of 10 percent per annum, which is payable 7.68 percent in cash and 2.32 percent in PIK Notes, (ii) from December 1, 2014 until the earlier to occur of the date of conversion of the notes or September 30, 2016 at a rate of 10 percent per annum payable in cash, and (iii) from October 1, 2016 until the earlier to occur of the date of conversion of the notes or the date such principal amount is paid in full at a rate of 10.928 percent per annum payable in cash.  Payment of interest at the cash pay rate under clause (ii) or (iii), as applicable, for any payment date will be subject to satisfaction of certain financial conditions for us.  The management notes become convertible by each of the holders beginning on September 30, 2015 until maturity on March 31, 2019 into shares of our common stock, cash, or a combination of cash and common stock, at our election.
	The approximately $9,560,000 (face amount) in aggregate principal amount of convertible notes issued to Fireman are structurally and contractually subordinated to our senior debt and mature on March 31, 2019.  The Fireman note accrues interest quarterly on the outstanding principal amount (i) from September 30, 2013 until the earlier to occur of the date of conversion of the notes or November 30, 2014 at a rate of 6.5 percent per annum, which is payable 3 percent in cash and 3.5 percent in PIK Notes,  (ii) from December 1, 2014 until the earlier to occur of the date of conversion of the notes or September 30, 2016 at a rate of 6.5 percent per annum payable in cash, and (iii) from October 1, 2016 until the earlier to occur of the date of conversion of the notes or the date such principal amount is paid in full at a rate of 7 percent per annum payable in cash. Payment of interest at the cash pay rate under clause (ii) or (iii), as applicable, for any payment date will be subject to satisfaction of certain financial conditions for us.  The Fireman note becomes convertible by the holder on October 14, 2014 until maturity on March 31, 2019 into shares of common stock, cash, or a combination of cash and common stock, at our election.
	Each of the notes are convertible, in whole but not in part, at a conversion price of $1.78 per share, subject to certain adjustments, into approximately 18,200,000 shares of our common stock, subject to receipt of stockholder approval to comply with NASDAQ rules and an increase in the number of authorized shares, if necessary.  The Fireman note may be converted at its sole election and the management notes may be converted at either a majority of the holders’ election or individually, depending on the holder.  Prior to receipt of such stockholder approval, the conversion rights will be limited to approximately 13,600,000 shares of common stock.  If the we elect to pay cash with respect to a conversion of the notes, the amount of cash to be paid per share will be equal to (a) the number of shares of common stock issuable upon such conversion multiplied by (b) the average of the closing prices for the common stock over the 20 trading day period immediately preceding the notice of conversion.  We will have the right to prepay all or any portion of the principal amount of the notes at any time by paying 103 percent of the principal amount of the portion of any management note subject to prepayment or 100 percent of the principal amount of the portion of the Fireman note subject to prepayment.  We have filed a Definitive Proxy Statement on Schedule 14A asking our stockholders to approve at our Annual Meeting of Stockholders on May 8, 2014 the issuance of the shares above the 13,600,000 cap.
	The holders of the convertible notes also have demand and piggyback registration rights associated with their notes in a separate agreement pursuant to which they have the right to require us to prepare and file a registration statement on Form S-1 or S-3 or any similar form or successor to such forms under the Securities Act, or any other appropriate form under the Securities Act or the Exchange Act, for the resale of all or part of their shares that may be issued under the convertible notes.
	Embedded Conversion Derivative
	FASB Accounting Standards Codification (ASC) Topic 470 (ASC 470), Accounting for Convertible Debt Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement) requires the issuer of convertible debt that may be settled in shares or cash upon conversion at their option, such as our convertible notes, to account for their liability and equity components separately by bifurcating the embedded conversion derivative, or the derivative, from the host debt instrument. Although ASC 470 has no impact on our actual past or future cash flows, it requires us to record non-cash interest expense as the debt discount is amortized.
	As a result of the issuance of convertible notes in September 2013, the total potential shares of common stock that could be issued exceeded the amount of shares we were eligible to issue under NASDAQ rules as of that date.  Therefore, we are required to value the derivative and recognize the fair value as a long-term liability. The fair value of this derivative at the time of issuance of the convertible notes was $5,496,000 and was recorded as the original debt discount for the purposes of accounting for the debt component of the convertible notes.  This debt discount on the Fireman and management notes are being amortized as interest expense using an effective interest rate of 8.32 percent and 4.31 percent, respectively, over the 5.5 year life of the convertible notes.
	If we obtain stockholder approval to approve the issuance of the common stock underlying the convertible notes to comply with NASDAQ rules, the derivative liability will be reassessed to determine if the derivative will continue to be classified as a liability or reclassified to stockholders’ equity.  We determined the fair value of the derivative using a binomial lattice model. The key assumptions for determining the fair value at February 28, 2014 included the remaining time to maturity of five years and one month, volatility of 65 percent, and the risk-free interest rate of 1.49 percent.  The fair value of the embedded conversion derivative was $5,700,000 and $8,250,000 at November 30, 2013 and February 28, 2014, respectively.  The increase in the fair value of the embedded conversion derivative from November 30, 2013 to February 28, 2014 resulted in a loss of $2,550,000, which has been recorded as other expense.  The primary reason for the increase in fair value was due to the change in our stock price as compared to the conversion price.
	The following table (in thousands) is a summary of the recorded value of the convertible note as of February 28, 2014.  The value of the convertible note reflects the present value of the contractual cash flows from the convertible notes and resulted in an original issue discount of $10,491,000 including the additional original discount attributed to the embedded conversion derivative of $5,496,000, that were recorded on September 30, 2013, the issuance date.
		Balance
		February 28, 2014
	Convertible notes - Face value	$	32,445
	Less: Original issue discount	(4,994		)
	Less: Debt discount related to the embedded derivative liability	(5,496		)
	Convertible notes recorded value on issue date	21,955
	Add: PIK notes issued	218
	Accumulated accretion of debt discounts	662
	Convertible notes value	22,835
	Plus: Embedded derivative liability - fair market value	8,250
	Debt as of February 28, 2014	$	31,085
	The following table (in thousands) is a summary of our total interest expense as follow:
		Three monthes ended
		February 28, 2014			February 28, 2013
	Contractual coupon interest	$	2,752		$	70
	Amortization of discount and deferred financing costs	569			—
	Total interest expense	$	3,321		$	70
	Promissory Notes
	In connection with the acquisition, we issued approximately $1,235,000 in aggregate principal amount of promissory notes bearing no interest to certain option holders of Hudson that we subsequently paid on April 1, 2014.
	Revolving Credit Agreement
	The revolving credit agreement with CIT provides us with a revolving credit facility up to $50,000,000 comprised of a revolving A-1 commitment of up to $1,000,000 and a revolving A commitment of up to $50,000,000 minus the revolving A-1 commitment.  Our actual maximum credit availability under the revolving facility varies from time to time and is determined by calculating a borrowing base, which is based on the value of the eligible accounts and eligible inventory minus reserves imposed by CIT.  The revolving facility also provides for swingline loans, up to $5,000,000 sublimit, and letters of credit, up to $1,000,000 sublimit.  Proceeds from advances under the revolving facility may be used for working capital needs and general corporate purposes and were initially used to pay a portion of the consideration for the acquisition and fees and expenses associated with the acquisition and to repay our existing factor loans.  As of February 28, 2014, $15,406,000 was outstanding under our revolving credit facility and approximately $26,000,000 was available to us.
	All unpaid loans under the revolving facility mature on September 30, 2018.  We have the right at any time and from time to time to terminate the commitments under the revolving facility by paying in full or prepay any borrowings, in whole or in part, without terminating or reducing the commitment.  If we terminate the revolving facility in full prior to the second anniversary of the date, we are required to pay a prepayment fee of one percent or 0.5 percent of the commitments terminated depending on when we make the prepayment.
	The revolving facility is guaranteed by us and all of our subsidiaries, and secured by liens on substantially all assets owned by us, including a first-priority lien on certain property, including principally trade accounts, inventory, certain related assets and proceeds of the foregoing, subject to permitted liens and exceptions, and a second-priority lien on all other assets, including intellectual property owned by us, which secures the term loan facility on a first-priority basis.
	Advances under the revolving facility are in the form of either base rate loans or LIBOR rate loans.  The interest rate for base rate loans under the revolving A commitment fluctuates and is equal to (x) the Alternate Base Rate, which is the greatest of (a) the JPMorgan Chase Bank prime rate; (b) the Federal funds rate plus 0.50 percent; and (c) the 90-Day LIBO Rate, which is the rate per annum equal to the 90 day LIBOR published in the New York City edition of the Wall Street Journal under “Money Rates,” plus 1 percent, in each case, plus (y) 1.5 percent.  The interest rate for LIBOR rate loans under the revolving A commitment is equal to the 90-Day LIBO Rate per annum plus 2.5 percent.  The interest rate for base rate loans and LIBOR rate loans under the revolving A-1 commitment is equal to (i) Alternate Base Rate plus 2.5 percent and (ii) the 90-Day LIBO Rate plus 3.5 percent, respectively.  Interest on the Revolving Facility is payable on the first day of each calendar month and the maturity date.  Among other fees, we pay a commitment fee of 0.25 percent per annum (due quarterly) on the average daily amount of the unused revolving commitment under the revolving facility.  We also pay fees with respect to any letters of credit.
	The revolving facility contains usual and customary negative covenants for transactions of this type, including, but not limited to, restrictions on our ability and our subsidiaries’ ability, to create or incur indebtedness; create liens; consolidate, merge, liquidate or dissolve; sell, lease or otherwise transfer any of its assets; substantially change the nature of its business; make investments or acquisitions; pay dividends; enter into transactions with affiliates; amend material documents, prepay certain indebtedness and make capital expenditures.  The negative covenants are subject to certain exceptions as specified in the revolving credit agreement.
	In addition, the revolving credit agreement requires us to (a) maintain (i) at all times availability under the revolving facility of not less than $5,000,000 and (ii) at all times the sum of availability under the revolving facility plus up to $2,500,000 of unrestricted cash of not less than $7,500,000; and (b) maintain a minimum fixed charge coverage ratio calculated for each four fiscal quarter period at levels set forth in the revolving facility.
	As of February 28, 2014, we were in compliance with the covenants under the revolving credit agreement.
	Term Loan Credit Agreement
	The term loan credit agreement entered into with Garrison provided for term loans of up to $60,000,000 and was fully funded to us as of September 30, 2013.  The term loan proceeds were used to finance a portion of the consideration for the acquisition, to pay fees and expenses associated with the acquisition and for working capital needs and other general corporate purposes.
	The term loan matures on September 30, 2018.  We are allowed to prepay the term loan at any time, in whole or in part, subject to the payment of a prepayment fee if we prepay prior to September 30, 2016.  The prepayment fee is 3 percent if we prepay prior to September 30, 2014 and reduces by 1 percent per year until September 30, 2016.  In addition, we are required to make prepayments out of extraordinary receipts, certain percentage of the excess cash flow and certain net proceeds of certain asset sales or equity issuances, in each case (other than a prepayment in connection with excess cash flow), subject to the payment of the prepayment fee as set forth above.
	The term loan facility is guaranteed by us and all of our subsidiaries and is secured by liens on substantially all assets owned by us, including a first-priority lien on intellectual property owned by us and a second-priority lien on the revolving credit priority collateral.
	The interest rate for the term loan fluctuates and is equal to the rate per annum equal to the British Banker Association Interest Settlement Rate for deposits in Dollars with a term of three months, as appears on the Bloomberg BBAM Screen, plus 10.75 percent.  Interest is payable on the first day of each calendar month and the maturity date.
	The term loan credit agreement contains usual and customary negative covenants for transactions of this type, including, but not limited to, restrictions on our ability and our subsidiaries’ ability to create or incur indebtedness; create liens; consolidate, merge, liquidate or dissolve; sell, lease or otherwise transfer any of its assets; substantially change the nature of its business; make investments or acquisitions; pay dividends; enter into transactions with affiliates; amend material documents, prepay certain indebtedness and make capital expenditures.  The negative covenants are subject to certain exceptions as specified in the term loan credit agreement.
	In addition, the term loan credit agreement also requires us to maintain (a) (i) at all times, availability under the revolving credit facility of not less than $5,000,000 and (ii) at all times as tested on each date that a borrowing certificate is delivered, the sum of availability under the revolving credit facility plus up to $2,500,000 of unrestricted cash of not less than $7,500,000; (b) a minimum fixed charge coverage ratio, (c) a minimum EBITDA, and (d) a leverage ratio not more than the maximum leverage coverage ratio as set forth in the term loan credit agreement.
	As of February 28, 2014, we were in compliance with the covenants under the term loan credit agreement.
	Amended and Restated Factoring Agreement
	See “Note 3 — Accounts Receivable, Inventory Advances and Due (From) To Factor” for a discussion of our Amended and Restates Factoring Agreement.

FAIR_VALUE_DISCLOSURES

FAIR VALUE DISCLOSURES	3 Months Ended
	Feb. 28, 2014
FAIR VALUE DISCLOSURES	'
FAIR VALUE DISCLOSURES	'
	NOTE 13 - FAIR VALUE DISCLOSURES
	Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Accounting guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of us. Unobservable inputs are inputs that reflect our assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value:
	Level 1-Quoted prices in active markets for identical assets or liabilities.
	Level 2-Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or 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 assets or liabilities.
	Level 3-Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. We review the fair value hierarchy classification on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy.
	The following table presents our fair value hierarchy for liabilities measured at fair value on a recurring basis as of February 28, 2014 and November 30, 2013 (in thousands):
		As of February 28, 2014
		Total		Level 1		Level 2		Level 3
	Embedded conversion derivative	$	8,250	$	—	$	—	$	8,250
		As of November 30, 2013
		Total		Level 1		Level 2		Level 3
	Embedded conversion derivative	$	5,700	$	—	$	—	$	5,700
	A reconciliation of the changes in Level 3 fair value measurements is as follows for the three months ended February 28, 2014 (in thousands):
		Convertible Notes
		Embedded Derivative
	Balance at November 30, 2013	$	5,700
	Purchases, issuances and settlements	—
	Total (gains) losses included in other expense	2,550
	Balance at February 28, 2014	$	8,250

ACCOUNTS_RECEIVABLE_INVENTORY_1

ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE FROM (TO) FACTOR (Tables)	3 Months Ended
	Feb. 28, 2014
ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE FROM (TO) FACTOR	'
Schedule of accounts receivable, inventory advances and due from (to) factor	'
	As a result of these agreements, amounts due from (to) factor consist of the following (in thousands):
		February 28, 2014			November 30, 2013
	Non-recourse receivables assigned to factor	$	25,280		$	32,194
	Client recourse receivables	6,289			3,220
	Total receivables assigned to factor	31,569			35,414
	Allowance for customer credits	(4,069		)	(3,980		)
	Due to factor	$	27,500		$	31,434
	Non-factored accounts receivable	$	5,068		$	5,396
	Allowance for customer credits	(677		)	(478		)
	Allowance for doubtful accounts	(287		)	(297		)
	Accounts receivable, net of allowance	$	4,104		$	4,621

INVENTORIES_NET_Tables

INVENTORIES, NET (Tables)	3 Months Ended
	Feb. 28, 2014
INVENTORIES, NET	'
Schedule of inventories	'
	Inventories are valued at the lower of cost or market with cost determined by the first-in, first-out method.  Inventories consisted of the following (in thousands):
		February 28, 2014			November 30, 2013
	Finished goods	$	30,645		$	30,129
	Finished goods consigned to others	1,132			1,066
	Work in progress	4,609			5,057
	Raw materials	19,708			18,406
		56,094			54,658
	Less allowance for obsolescence and slow moving items	(2,034		)	(1,988		)
		$	54,060		$	52,670

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Feb. 28, 2014
EARNINGS PER SHARE	'
Schedule of reconciliation of numerator and denominator of basic and diluted earnings per share	'
		Three months ended
		(in thousands, except per share data)
		February 28, 2014			February 28, 2013
	Basic (loss) earnings per share computation:
	Numerator:
	Net loss and comprehensive loss	$	(2,178	)	$	(6,388	)
	Denominator:
	Weighted average common shares outstanding	67,938			66,646
	Loss per common share - basic
	Net loss and comprehensive loss	$	(0.03	)	$	(0.10	)
	Diluted loss per share computation:
	Numerator:
	Net loss and comprehensive loss	$	(2,178	)	$	(6,388	)
	Denominator:
	Weighted average common shares outstanding	67,938			66,646
	Effect of dilutive securities:
	Restricted shares, RSU’s, convertible securities and options	—			—
	Dilutive potential common shares	67,938			66,646
	Loss per common share - dilutive
	Net loss and comprehensive loss	$	(0.03	)	$	(0.10	)

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Feb. 28, 2014
STOCKHOLDERS' EQUITY	'
Schedule of option grants, restricted common stock and RSUs issued to members of the Board of Directors for service as a member	'
	The following summarizes option grants, restricted common stock and RSUs issued to members of the Board of Directors for the fiscal years 2002 through the first quarter of fiscal 2014 (in actual amounts) for service as a member:
		February 28, 2014
	Granted as of:	Number of options		Exercise price
	2002	40,000		$	1.00
	2002	31,496		$	1.27
	2003	30,768		$	1.30
	2004	320,000		$	1.58
	2005	300,000		$	5.91
	2006	450,000		$	1.02
				Number of restricted
				shares isssued
	2007			320,000
	2008			473,455
	2009			371,436
	2010			131,828
	2011			—
	2012			617,449
	2013			—
	2014			219,678
Schedule of exercise prices for all options outstanding and exercisable	'
	Exercise prices for all options outstanding as of February 28, 2014 were as follows:
		Options Outstanding and Exercisable
	Exercise Price	Number of shares		Weighted-Average
				Remaining
				Contractual Life
	$1.00 - $1.02	100,000		2
	$1.58 - $1.63	225,000		0.5
	$5.91	450,000		1.3
		775,000		1.1
Summary of stock option activity by plan	'
	The following table summarizes stock option activity by plan for the three months ended February 28, 2014 and 2013, (in actual amounts). There are no stock options outstanding under our Restated Plan.
		Total Number		2004 Incentive		2000 Director
		of Shares		Plan		Plan
	Outstanding at November 30, 2013	775,000		775,000		—
	Granted	—		—		—
	Exercised	—		—		—
	Forfeited / Expired	—		—		—
	Outstanding and exercisable at February 28, 2014	775,000		775,000		—
	Outstanding at November 30, 2012	796,794		775,000		21,794
	Granted	—		—		—
	Exercised	—		—		—
	Forfeited / Expired	—		—		—
	Outstanding and exercisable at February 28, 2013	796,794		775,000		21,794
Schedule of stock option activity in the aggregate for the periods	'
	Stock option activity in the aggregate for the periods indicated are as follows (in actual amounts):
		Options		Weighted			Weighted average		Aggregate
				average			remaining contractual		Intrinsic
				exercise price			Life (Years)		Value
	Outstanding at November 30, 2013	775,000		$	4.03
	Granted	—		—
	Exercised	—		—
	Expired	—		—
	Forfeited	—		—			—		—
	Outstanding and exercisable at February 28, 2014	775,000		$	4.03		1.1		$	39,000
	Weighted average per option fair value of options granted during the year			N/A
		Options		Weighted			Weighted average		Aggregate
				average			remaining contractual		Intrinsic
				exercise price			Life (Years)		Value
	Outstanding at November 30, 2012	796,794		$	3.96
	Granted	—		—
	Exercised	—		—
	Expired	—		—
	Forfeited	—		—			—		—
	Outstanding and exercisable at February 28, 2013	796,794		$	3.96		2.1		$	38,961
	Weighted average per option fair value of options granted during the year			N/A
Summary of the status of restricted common stock and RSUs and changes	'
	A summary of the status of restricted common stock and RSUs as of November 30, 2012 and November 30, 2013, and changes during the three months ended February 28, 2014 and 2013, are presented below (in actual amounts):
								Weighted-Average Grant-Date
								Fair Value
		Restricted		Restricted		Total Shares		Restricted			Restricted
		Shares		Stock Units				Shares			Stock Units
	Outstanding at November 30, 2013	954,798		1,661,330		2,616,128		$	0.9		$	0.93
	Granted	288,121		362,242		650,363		1.49			1.49
	Issued	(450,616	)	(293,480	)	(744,096	)	0.95			0.98
	Cancelled	—		(184,766	)	(184,766	)	—			0.98
	Forfeited	—		—		—		—			—
	Outstanding at February 28, 2014	792,303		1,545,326		2,337,629		$	1.08		$	1.04
	Outstanding at November 30, 2012	844,236		2,713,605		3,557,841		$	0.85		$	0.87
	Granted	420,882		631,059		1,051,941		1.02			1.02
	Issued	(310,320	)	(580,351	)	(890,671	)	0.92			0.82
	Cancelled	—		(228,395	)	(228,395	)	—			0.82
	Forfeited	—		(3,536	)	(3,536	)	—			0.7
	Outstanding at February 28, 2013	954,798		2,532,382		3,487,180		$	0.9		$	0.94

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Feb. 28, 2014
COMMITMENTS AND CONTINGENCIES	'
Schedule of future minimum rental payments under non-cancelable retail operating leases with lease terms in excess of one year	'
	Future Lease Obligations are as follows (in thousands):
	2014	Remainder of the year	$	5,850
	2015		7,770
	2016		7,721
	2017		7,712
	2018		7,541
	Thereafter		16,726
			$	53,320

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Feb. 28, 2014
SEGMENT INFORMATION	'
Summary of financial information concerning reportable segments	'
		Three months ended
		(dollar values in thousands)
		February 28, 2014			February 28, 2013
	Net sales:
	Wholesale	$	39,615		$	23,087
	Retail	7,729			6,343
		$	47,344		$	29,430
	Gross profit:
	Wholesale	$	16,760		$	10,232
	Retail	4,725			4,083
		$	21,486		$	14,315
	Operating (loss) income:
	Wholesale	$	10,371		$	6,704
	Retail	(988		)	(326		)
	Corporate and other	(8,077		)	(12,774		)
		$	1,306		$	(6,396	)
	Capital expenditures:
	Wholesale	$	—		$	8
	Retail	27			428
	Corporate and other	108			—
		$	135		$	436
	Total assets:
	Wholesale	$	91,218		$	50,219
	Retail	10,891			9,433
	Corporate and other	118,906			28,030
		$	221,015		$	87,682

ACQUISITION_OF_HUDSON_Tables

ACQUISITION OF HUDSON (Tables)	3 Months Ended
	Feb. 28, 2014
Acquisition of Hudson	'
Schedule of total consideration allocated to the assets based on their estimated fair values as of the date of the completion of the acquisition	'
	Assets and liabilities assumed:
	Cash and cash equivalents	$	198
	Accounts receivable	1,263
	Due from factor	13,806
	Inventories	22,230
	Prepaid expenses and other assets	2,526
	Property and equipment	726
	Other assets	239
	Accounts payable and accrued expenses	(9,566		)
	Other current liabilities	(2,734		)
	Due to factor	(7,411		)
	Deferred income taxes, net	(16,651		)
	Intangible assets acquired:
	Trade names	44,400
	Customer relationships	2,700
	Design	12,400
	Net assets acquired	64,126
	Goodwill created by the acquisition	29,976
	Total consideration transferred	$	94,102
	Total Purchase Price
	Cash	$	65,416
	Promissory notes	1,235
	Convertible notes (Face value $32,445 less discount)	27,451
	Total Purchase Price	$	94,102

DEBT_Tables

DEBT (Tables)	3 Months Ended
	Feb. 28, 2014
DEBT	'
Summary of the recorded value of the convertible note	'
	The following table (in thousands) is a summary of the recorded value of the convertible note as of February 28, 2014.  The value of the convertible note reflects the present value of the contractual cash flows from the convertible notes and resulted in an original issue discount of $10,491,000 including the additional original discount attributed to the embedded conversion derivative of $5,496,000, that were recorded on September 30, 2013, the issuance date.
		Balance
		February 28, 2014
	Convertible notes - Face value	$	32,445
	Less: Original issue discount	(4,994		)
	Less: Debt discount related to the embedded derivative liability	(5,496		)
	Convertible notes recorded value on issue date	21,955
	Add: PIK notes issued	218
	Accumulated accretion of debt discounts	662
	Convertible notes value	22,835
	Plus: Embedded derivative liability - fair market value	8,250
	Debt as of February 28, 2014	$	31,085
Schedule of interest expense	'
	The following table (in thousands) is a summary of our total interest expense as follow:
		Three monthes ended
		February 28, 2014			February 28, 2013
	Contractual coupon interest	$	2,752		$	70
	Amortization of discount and deferred financing costs	569			—
	Total interest expense	$	3,321		$	70

FAIR_VALUE_DISCLOSURES_Tables

FAIR VALUE DISCLOSURES (Tables)	3 Months Ended
	Feb. 28, 2014
FAIR VALUE DISCLOSURES	'
Schedule of fair value hierarchy for liabilities measured at fair value on a recurring basis	'
	The following table presents our fair value hierarchy for liabilities measured at fair value on a recurring basis as of February 28, 2014 and November 30, 2013 (in thousands):
		As of February 28, 2014
		Total		Level 1		Level 2		Level 3
	Embedded conversion derivative	$	8,250	$	—	$	—	$	8,250
		As of November 30, 2013
		Total		Level 1		Level 2		Level 3
	Embedded conversion derivative	$	5,700	$	—	$	—	$	5,700
Schedule of reconciliation of the changes in Level 3 fair value measurements	'
	A reconciliation of the changes in Level 3 fair value measurements is as follows for the three months ended February 28, 2014 (in thousands):
		Convertible Notes
		Embedded Derivative
	Balance at November 30, 2013	$	5,700
	Purchases, issuances and settlements	—
	Total (gains) losses included in other expense	2,550
	Balance at February 28, 2014	$	8,250

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details)	3 Months Ended
	Feb. 28, 2014
	item
BASIS OF PRESENTATION	'
Number of primary business segments	2
Number of full price retail stores	13
Number of outlet stores	20

ACCOUNTS_RECEIVABLE_INVENTORY_2

ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE FROM (TO) FACTOR (Details) (USD $)	3 Months Ended				0 Months Ended	1 Months Ended	3 Months Ended
	Feb. 28, 2014	Nov. 30, 2013	Feb. 28, 2013	Nov. 30, 2012	Sep. 30, 2013	Jun. 30, 2013	Feb. 28, 2014	Feb. 28, 2014
					CIT	CIT	CIT	CIT
								Maximum
Accounts receivable, inventory advances and due to factor	'	'	'	'	'	'	'	'
Non-recourse receivables assigned to factor	$25,280,000	$32,194,000	'	'	'	'	'	'
Client recourse receivables	6,289,000	3,220,000	'	'	'	'	'	'
Total receivables assigned to factor	31,569,000	35,414,000	'	'	'	'	'	'
Allowance for customer credits	-4,069,000	-3,980,000	'	'	'	'	'	'
Due to factor	27,500,000	31,434,000	'	'	'	'	'	'
Non-factored accounts receivable	5,068,000	5,396,000	'	'	'	'	'	'
Allowance for customer credits	-677,000	-478,000	'	'	'	'	'	'
Allowance for doubtful accounts	-287,000	-297,000	'	'	'	'	'	'
Accounts receivable, net of allowances	4,104,000	4,621,000	'	'	'	'	'	'
Risk of payment in the event of non-payment by the customers	6,289,000	3,220,000	'	'	'	'	'	'
Advances available as a percentage of the value of certain eligible inventory	'	'	'	'	'	'	'	50.00%
Accounts receivable sold as a percentage of face amount	'	'	'	'	'	'	'	85.00%
Amount of advances on eligible inventory	'	'	'	'	'	'	'	6,000,000
Required notice period for termination of the agreement by factor	'	'	'	'	'60 days	'	'60 days	'
Required notice period for termination of the agreement	'	'	'	'	'60 days	'30 days	'	'
Required written notice period for termination of the agreement after September 30, 2013	'	'	'	'	'60 days	'60 days	'	'
Required funding period for non-termination of the agreement	'	'	'	'	'	'	'5 days	'
Factoring rate of accounts for which the factor bore the credit risk, up to a specified amount of invoices factored (as a percent)	'	'	'	'	'	'	0.55%	'
Factoring rate of accounts for which the factor bore the credit risk, over a specified amount of invoices factored (as a percent)	'	'	'	'	'	'	0.50%	'
Factoring rate of accounts for which the factor bore the credit risk (as a percent)	'	'	'	'	0.50%	'	'	'
Specified amount of invoices factored	'	'	'	'	'	'	40,000,000	40,000,000
Factoring rate of accounts for which the entity bore the credit risk (as a percent)	0.35%	'	'	'	0.35%	'	'	'
Interest rate spread on base rate (as a percent)	'	'	'	'	'	'	0.25%	'
Minimum factoring rate payable per invoice	'	'	'	'	3.5	'	'	'
Required written notice period for termination of the agreement prior to September 30, 2018	'	'	'	'	'60 days	'	'	'
Description of base rate	'	'	'	'	'	'	'Chase prime rate	'
Chase prime rate (as a percent)	3.25%	'	'	'	'	'	'	'
Fee paid to open the letters of credit (as a percent)	'	'	'	'	'	'	0.25%	'
Cash and cash equivalents	$349,000	$785,000	$14,057,000	$13,426,000	'	'	$26,000,000	'

INVENTORIES_NET_Details

INVENTORIES, NET (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014	Nov. 30, 2013
INVENTORIES, NET	'	'
Finished goods	$30,645	$30,129
Finished goods consigned to others	1,132	1,066
Work in progress	4,609	5,057
Raw materials	19,708	18,406
Inventories, gross	56,094	54,658
Less allowance for obsolescence and slow moving items	-2,034	-1,988
Inventories, net	54,060	52,670
Charges to inventory reserve allowance	$0	$0

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

Feb. 18, 2013

Feb. 18, 2013

Feb. 28, 2014

Feb. 28, 2013

Feb. 18, 2013

Feb. 28, 2013

Feb. 18, 2013

Feb. 18, 2013

Jan. 31, 2013

Feb. 28, 2014

Feb. 28, 2013

Feb. 28, 2014

Feb. 28, 2013

Maximum

Minimum

Joe Dahan

Joe Dahan

Joe Dahan

Joe Dahan

Joe Dahan

Joe Dahan

Ambre Dahan

Ambre Dahan

Ambre Dahan

Albert Dahan

Albert Dahan

Modified merger agreement

Modified merger agreement

Modified merger agreement

Modified merger agreement

Maximum

Minimum

Modified merger agreement

Modified merger agreement

Related party transactions

'

'

'

'

'

'

'

'

'

'

'

'

'

Contingent consideration expense

'

'

$0

$311,000

$8,732,000

$8,732,000

'

'

'

'

'

'

'

Term under the original merger agreement for which overall payment has been fixed and reduced

'6 years

'10 years

'

'

'

'

'10 years

'6 years

'

'

'

'

'

Aggregate fixed amount payable through weekly installments

'

'

'

'

9,168,000

'

'

'

'

'

'

'

'

Amount paid per annum on a bi-weekly basis under the consulting arrangement

'

'

'

'

'

'

'

'

175,000

'

'

'

'

Amount paid under the consulting arrangement

'

'

'

'

'

'

'

'

'

47,000

27,000

'

'

Commission for purchase orders

'

'

'

'

'

'

'

'

'

'

'

0

120,000

Royalty income recognized

'

'

'

'

'

'

'

'

'

'

'

$248,000

$180,000

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
Numerator:	'	'
Net loss and comprehensive loss	($2,178)	($6,388)
Denominator:	'	'
Weighted average common shares outstanding	67,938,000	66,646,000
Loss per common share - basic	'	'
Net loss and comprehensive loss (in dollars per share)	($0.03)	($0.10)
Numerator:	'	'
Net loss and comprehensive loss	($2,178)	($6,388)
Denominator:	'	'
Weighted average common shares outstanding	67,938,000	66,646,000
Dilutive potential common shares	67,938,000	66,646,000
Loss per common share - dilutive	'	'
Net loss and comprehensive loss (in dollars per share)	($0.03)	($0.10)
Anti-dilutive securities excluded from calculation of earnings per share (in shares)	21,340,377	4,283,975
Shares Reserved For Future Issuance	'	'
Stock options granted under the incentive plans reserved for future issuance (in shares)	775,000	'
Shares of common stock issuable upon the vesting of RSUs	1,545,326	'
Shares of common stock available for future issuance under the Amended and Restated 2004 Stock Incentive Plan	2,975,434	'
Shares of common stock issuable pursuant to the convertible notes	13,600,000	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	Nov. 30, 2013
Net operating losses	'
Valuation allowance	$342,000
Federal tax	'
Net operating losses	'
Net operating loss carryforwards	24,909,000
California	'
Net operating losses	'
Net operating loss carryforwards	$22,467,000

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)

3 Months Ended

1 Months Ended

Feb. 28, 2014

Feb. 28, 2013

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2013

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2013

Oct. 31, 2011

Feb. 28, 2014

Feb. 28, 2014

Options

Options

Options

Options

Options

Options

Restricted stock and RSUs

Restricted stock and RSUs

Restricted stock and RSUs

Restricted stock and RSUs

Restricted stock and RSUs

Restricted stock and RSUs

Restricted stock and RSUs

Restricted stock and RSUs

RSUs

RSUs

Restated Plan

Restated Plan

Restated Plan

2002

2002

2003

2004

2005

2006

2007

2008

2009

2010

2012

2014

RSUs

Stock Incentive Plans

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares available for issuance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,975,434

'

Number of shares of common stock authorized for issuance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,825,000

'

'

Number of additional shares authorized for issuance to be approved

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,825,000

'

'

Maximum number of shares that can be awarded to any employee in one year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,250,000

'

'

Exercise period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years

'

'

Right to receive a specified number of shares of common stock for each unit on vesting date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

Stock based compensation expense recognized

$235,000

$449,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted as of:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of options (in shares)

'

'

40,000

31,496

30,768

320,000

300,000

450,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise price (in dollars per share)

'

'

$1

$1.27

$1.30

$1.58

$5.91

$1.02

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of restricted shares issued

'

'

'

'

'

'

'

'

650,363

1,051,941

320,000

473,455

371,436

131,828

617,449

219,678

362,242

631,059

'

'

'

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (USD $)	3 Months Ended
	Feb. 28, 2014	Nov. 30, 2013	Feb. 28, 2013	Nov. 30, 2012
Options Outstanding and Exercisable	'	'	'	'
Exercise Price (in dollars per share)	$4.03	$4.03	$3.96	$3.96
Number of shares	775,000	'	'	'
Weighted-Average Remaining Contractual Life	'1 year 1 month 6 days	'	'	'
Stock option activity	'	'	'	'
Outstanding at the beginning of the period (in shares)	775,000	'	796,794	796,794
Outstanding at the end of the period (in shares)	775,000	'	796,794	796,794
2000 Director Plan	'	'	'	'
Stock option activity	'	'	'	'
Outstanding at the beginning of the period (in shares)	'	'	21,794	21,794
Outstanding at the end of the period (in shares)	'	'	21,794	21,794
2004 Stock Incentive Plan	'	'	'	'
Stock option activity	'	'	'	'
Outstanding at the beginning of the period (in shares)	'	775,000	775,000	775,000
Outstanding at the end of the period (in shares)	775,000	775,000	775,000	775,000
Restated Plan	'	'	'	'
Options Outstanding and Exercisable	'	'	'	'
Stock options outstanding (in shares)	0	'	'	'
$1.00 - $1.02	'	'	'	'
Options Outstanding and Exercisable	'	'	'	'
Exercise price, low end of range (in dollars per share)	$1	'	'	'
Exercise price, high end of range (in dollars per share)	$1.02	'	'	'
Number of shares	100,000	'	'	'
Weighted-Average Remaining Contractual Life	'2 years	'	'	'
$1.58 - $1.63	'	'	'	'
Options Outstanding and Exercisable	'	'	'	'
Exercise price, low end of range (in dollars per share)	$1.58	'	'	'
Exercise price, high end of range (in dollars per share)	$1.63	'	'	'
Number of shares	225,000	'	'	'
Weighted-Average Remaining Contractual Life	'6 months	'	'	'
$5.91	'	'	'	'
Options Outstanding and Exercisable	'	'	'	'
Exercise Price (in dollars per share)	$5.91	'	'	'
Number of shares	450,000	'	'	'
Weighted-Average Remaining Contractual Life	'1 year 3 months 18 days	'	'	'

STOCKHOLDERS_EQUITY_Details_3

STOCKHOLDERS' EQUITY (Details 3) (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Stock option activity	'	'
Outstanding at the beginning of the period (in shares)	775,000	796,794
Outstanding at the end of the period (in shares)	775,000	796,794
Weighted average exercise price	'	'
Outstanding at the beginning of the period (in dollars per share)	$4.03	$3.96
Outstanding at the end of the period (in dollars per share)	$4.03	$3.96
Weighted average remaining contractual Life	'	'
Outstanding and exercisable at the end of the period	'1 year 1 month 6 days	'2 years 1 month 6 days
Aggregate Intrinsic Value	'	'
Outstanding and exercisable at the end of the period	$39,000	$38,961
Unrecognized compensation cost	'	'
Unrecognized compensation cost related to nonvested share-based compensation arrangements	$2,348,600	'
Weighted-average period for recognition of unrecognized compensation cost	'2 years 3 months 18 days	'

STOCKHOLDERS_EQUITY_Details_4

STOCKHOLDERS' EQUITY (Details 4) (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Restricted stock and RSUs	'	'
Total Shares	'	'
Outstanding at the beginning of the period (in shares)	2,616,128	3,557,841
Granted (in shares)	650,363	1,051,941
Issued (in shares)	-744,096	-890,671
Cancelled (in shares)	-184,766	-228,395
Forfeited (in shares)	'	-3,536
Outstanding at the end of the period (in shares)	2,337,629	3,487,180
Restricted Shares	'	'
Total Shares	'	'
Outstanding at the beginning of the period (in shares)	954,798	844,236
Granted (in shares)	288,121	420,882
Issued (in shares)	-450,616	-310,320
Outstanding at the end of the period (in shares)	792,303	954,798
Shares withdrawn, cancelled or forfeited in period	194,901	'
Weighted-Average Grant-Date Fair Value	'	'
Outstanding at the beginning of the period (in dollars per share)	0.9	0.85
Granted (in dollars per share)	1.49	1.02
Issued (in dollars per share)	0.95	0.92
Outstanding at the end of the period (in dollars per share)	1.08	0.9
Restricted Stock Units	'	'
Total Shares	'	'
Outstanding at the beginning of the period (in shares)	1,661,330	2,713,605
Granted (in shares)	362,242	631,059
Issued (in shares)	-293,480	-580,351
Cancelled (in shares)	-184,766	-228,395
Forfeited (in shares)	'	-3,536
Outstanding at the end of the period (in shares)	1,545,326	2,532,382
Shares withdrawn, cancelled or forfeited in period	184,766	231,931
Weighted-Average Grant-Date Fair Value	'	'
Outstanding at the beginning of the period (in dollars per share)	0.93	0.87
Granted (in dollars per share)	1.49	1.02
Issued (in dollars per share)	0.98	0.82
Cancelled (in dollars per share)	0.98	0.82
Forfeited (in dollars per share)	'	0.7
Outstanding at the end of the period (in dollars per share)	1.04	0.94

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

Feb. 28, 2014

Feb. 28, 2013

Feb. 28, 2014

Feb. 18, 2013

Feb. 28, 2014

Feb. 18, 2013

Feb. 28, 2014

Feb. 28, 2013

Feb. 18, 2013

Feb. 28, 2013

Feb. 18, 2013

Feb. 28, 2014

Feb. 18, 2013

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

item

Minimum

Minimum

Maximum

Maximum

Joe Dahan

Joe Dahan

Joe Dahan

Joe Dahan

Joe Dahan

Joe Dahan

Joe Dahan

Gross profit from $11,251,000 to $22,500,000

Gross profit from $11,251,000 to $22,500,000

Gross profit from $11,251,000 to $22,500,000

Gross profit from $22,501,000 to $31,500,000

Gross profit from $22,501,000 to $31,500,000

Gross profit from $22,501,000 to $31,500,000

Gross profit from $31,501,000 to $40,500,000

Gross profit from $31,501,000 to $40,500,000

Gross profit from $31,501,000 to $40,500,000

Gross profit above $40,501,000

Gross profit above $40,501,000

Modified merger agreement

Modified merger agreement

Modified merger agreement

Modified merger agreement

Minimum

Maximum

Maximum

Minimum

Maximum

Joe Dahan

Minimum

Maximum

Joe Dahan

Minimum

Maximum

Joe Dahan

Minimum

Joe Dahan

Modified merger agreement

Modified merger agreement

Contingent Consideration Payments, Buy-Out Agreement and Earnout Subordination Agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of gross profit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11.33%

'

'

3.00%

'

'

2.00%

'

1.00%

Gross profit

$21,485,000

$14,315,000

'

'

'

'

'

'

'

'

'

'

'

$11,251,000

$22,500,000

'

$22,501,000

$31,500,000

'

$31,501,000

$40,500,000

'

$40,501,000

'

Payment of consideration to be made, if the gross profit was less than specified amount

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gross profit required for payment of consideration

'

'

'

'

'

'

'

'

'

'

'

11,250,000

'

'

'

'

'

'

'

'

'

'

'

'

Term under the original merger agreement for which overall payment has been fixed and reduced

'

'

'

'10 years

'

'6 years

'

'

'

'

'6 years

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

Aggregate fixed amount payable through weekly installments

'

'

'

'

'

'

'

'

9,168,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contingent consideration expense

'

'

'

'

'

'

$0

$311,000

$8,732,000

$8,732,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating lease agreements expiring term

'

'

'3 years

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of temporary space

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating lease agreements expiring term for temporary space

'9 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of annual sales volume

'

'

6.00%

'

8.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details 2) (USD $)	Feb. 28, 2014
In Thousands, unless otherwise specified
Future Lease Obligations	'
2014 Remainder of the day	$5,850
2015	7,770
2016	7,721
2017	7,712
2018	7,541
Thereafter	16,726
Future minimum rental payments	$53,320

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Nov. 30, 2013
Segment information	'	'	'
Net sales	$47,344,000	$29,430,000	'
Gross profit	21,485,000	14,315,000	'
Operating (loss) income	1,306,000	-6,396,000	'
Capital expenditures	135,000	436,000	'
Total assets	221,015,000	87,682,000	223,023,000
Wholesale	'	'	'
Segment information	'	'	'
Net sales	39,615,000	23,087,000	'
Gross profit	16,760,000	10,232,000	'
Operating (loss) income	10,371,000	6,704,000	'
Capital expenditures	'	8,000	'
Total assets	91,218,000	50,219,000	'
Retail	'	'	'
Segment information	'	'	'
Net sales	7,729,000	6,343,000	'
Gross profit	4,725,000	4,083,000	'
Operating (loss) income	-988,000	-326,000	'
Capital expenditures	27,000	428,000	'
Total assets	10,891,000	9,433,000	'
Corporate and other	'	'	'
Segment information	'	'	'
Operating (loss) income	-8,077,000	-12,774,000	'
Capital expenditures	108,000	'	'
Total assets	$118,906,000	$28,030,000	'

ACQUISITION_OF_HUDSON_Details

ACQUISITION OF HUDSON (Details) (USD $)

Feb. 28, 2014

Nov. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Feb. 28, 2014

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Notes

Hudson

Hudson

Hudson

Hudson

Hudson

Hudson

Hudson

Hudson

Hudson

Promissory Tax Notes

Management notes

Fireman note

Term loans

Trade names

Customer relationships

Design

Maximum

Acquisition of Hudson

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate principal amount of notes issued

'

'

$32,445,000

$32,445,000

'

$1,235,000

$22,885,000

$9,560,000

$60,000,000

'

'

'

Amortization expense

'

'

'

'

0

'

'

'

'

'

'

'

Assets and liabilities assumed:

'

'

'

'

'

'

'

'

'

'

'

'

Cash and cash equivalents

'

'

'

198,000

'

'

'

'

'

'

'

'

Accounts receivable

'

'

'

1,263,000

'

'

'

'

'

'

'

'

Due from factor

'

'

'

13,806,000

'

'

'

'

'

'

'

'

Inventories

'

'

'

22,230,000

'

'

'

'

'

'

'

'

Prepaid expenses and other assets

'

'

'

2,526,000

'

'

'

'

'

'

'

'

Property and equipment

'

'

'

726,000

'

'

'

'

'

'

'

'

Other assets

'

'

'

239,000

'

'

'

'

'

'

'

'

Accounts payable and accrued expenses

'

'

'

-9,566,000

'

'

'

'

'

'

'

'

Other current liabilities

'

'

'

-2,734,000

'

'

'

'

'

'

'

'

Due to factor

'

'

'

-7,411,000

'

'

'

'

'

'

'

'

Deferred income taxes, net

'

'

'

-16,651,000

'

'

'

'

'

'

'

'

Intangible assets acquired

'

'

'

'

'

'

'

'

'

44,400,000

2,700,000

12,400,000

Net assets acquired

'

'

'

64,126,000

'

'

'

'

'

'

'

'

Goodwill created by the acquisition

33,812,000

33,812,000

'

29,976,000

'

'

'

'

'

'

'

'

Total consideration transferred

'

'

'

94,102,000

'

'

'

'

'

'

'

'

Total Purchase Price

'

'

'

'

'

'

'

'

'

'

'

'

Cash

'

'

'

65,416,000

'

'

'

'

'

'

'

'

Promissory notes

'

'

'

1,235,000

'

'

'

'

'

'

'

'

Convertible notes

'

'

'

27,451,000

'

'

'

'

'

'

'

'

Total Purchase Price

'

'

'

94,102,000

'

'

'

'

'

'

'

'

Convertible notes face value

'

'

$32,445,000

$32,445,000

'

$1,235,000

$22,885,000

$9,560,000

$60,000,000

'

'

'

DEBT_Details

DEBT (Details) (USD $)	0 Months Ended	3 Months Ended
	Sep. 30, 2013	Feb. 28, 2014	Feb. 28, 2013	Nov. 30, 2013
Recorded value of the convertible note	'	'	'	'
Debt at the end of the period	'	$31,085,000	'	$27,912,000
Components of interest expense	'	'	'	'
Total interest expense	'	3,321,000	70,000	'
Notes	'	'	'	'
Debt	'	'	'	'
Aggregate principal amount of notes issued	32,445,000	'	'	'
Fair value of derivative	5,496,000	8,250,000	'	5,700,000
Life of convertible notes	'5 years 6 months	'	'	'
Key assumptions for determining the fair value	'	'	'	'
Remaining time to maturity	'	'5 years 1 month	'	'
Volatility (as a percent)	'	65.00%	'	'
Risk-free interest rate (as a percent)	'	1.49%	'	'
Fair value of derivative	5,496,000	8,250,000	'	5,700,000
Aggregate original issue discount	10,491,000	'	'	'
Recorded value of the convertible note	'	'	'	'
Convertible notes - Face value	32,445,000	'	'	'
Less: Original issue discount	-4,994,000	'	'	'
Convertible notes recorded value on issue date	21,955,000	'	'	'
Add: PIK notes issued	'	218,000	'	'
Accumulated accretion of debt discounts	'	662,000	'	'
Convertible notes value	'	22,835,000	'	'
Plus: Embedded derivative liability - fair market value	5,496,000	8,250,000	'	5,700,000
Debt at the end of the period	'	31,085,000	'	'
Components of interest expense	'	'	'	'
Contractual coupon interest	'	2,752,000	70,000	'
Amortization of discount and deferred financing costs	'	569,000	'	'
Total interest expense	'	3,321,000	70,000	'
Notes | Embedded Conversion Derivative	'	'	'	'
Key assumptions for determining the fair value	'	'	'	'
Increase in the fair value of derivative	'	2,550,000	'	'
Aggregate original issue discount	5,496,000	'	'	'
Recorded value of the convertible note	'	'	'	'
Less: Original issue discount	-5,496,000	'	'	'
Revolving facility	'	'	'	'
Components of interest expense	'	'	'	'
Borrowing outstanding under facility	'	15,406,000	'	'
Available borrowing under facility	'	26,000,000	'	'
CIT	'	'	'	'
Components of interest expense	'	'	'	'
Variable rate basis	'	'Chase prime rate	'	'
Margin on variable rate basis (as a percent)	'	0.25%	'	'
CIT | Management notes | From October 1, 2016	'	'	'	'
Debt	'	'	'	'
Interest rate payable in cash (as a percent)	10.93%	'	'	'
Hudson	'	'	'	'
Debt	'	'	'	'
Aggregate principal amount of notes issued	32,445,000	'	'	'
Recorded value of the convertible note	'	'	'	'
Convertible notes - Face value	32,445,000	'	'	'
Hudson | Promissory Notes	'	'	'	'
Debt	'	'	'	'
Aggregate principal amount of notes issued	1,235,000	'	'	'
Recorded value of the convertible note	'	'	'	'
Convertible notes - Face value	1,235,000	'	'	'
Hudson | Notes	'	'	'	'
Debt	'	'	'	'
Conversion price (in dollars per share)	$1.78	'	'	'
Number of shares issuable upon conversion of the debt	18,200,000	'	'	'
Number of shares issuable upon conversion of the debt subject to stockholder approval	13,600,000	'	'	'
Trading days immediately preceding the notice of conversion used for calculation of average of the closing prices for the common stock	20	'	'	'
Hudson | Management notes	'	'	'	'
Debt	'	'	'	'
Aggregate principal amount of notes issued	22,885,000	'	'	'
Redemption price as a percentage of principal amount	103.00%	'	'	'
Effective interest rate (as a percent)	8.32%	'	'	'
Recorded value of the convertible note	'	'	'	'
Convertible notes - Face value	22,885,000	'	'	'
Hudson | Management notes | From September 30, 2013	'	'	'	'
Debt	'	'	'	'
Annual rate on outstanding principal amount (as a percent)	10.00%	'	'	'
Interest rate payable in cash (as a percent)	7.68%	'	'	'
PIK Interest (as a percent)	2.32%	'	'	'
Hudson | Management notes | From December 1, 2014	'	'	'	'
Debt	'	'	'	'
Interest rate payable in cash (as a percent)	10.00%	'	'	'
Hudson | Fireman note	'	'	'	'
Debt	'	'	'	'
Aggregate principal amount of notes issued	9,560,000	'	'	'
Redemption price as a percentage of principal amount	100.00%	'	'	'
Effective interest rate (as a percent)	4.31%	'	'	'
Recorded value of the convertible note	'	'	'	'
Convertible notes - Face value	9,560,000	'	'	'
Hudson | Fireman note | From September 30, 2013	'	'	'	'
Debt	'	'	'	'
Annual rate on outstanding principal amount (as a percent)	6.50%	'	'	'
Interest rate payable in cash (as a percent)	3.00%	'	'	'
PIK Interest (as a percent)	3.50%	'	'	'
Hudson | Fireman note | From December 1, 2014	'	'	'	'
Debt	'	'	'	'
Interest rate payable in cash (as a percent)	6.50%	'	'	'
Hudson | Fireman note | From October 1, 2016	'	'	'	'
Debt	'	'	'	'
Interest rate payable in cash (as a percent)	7.00%	'	'	'
Hudson | Revolving facility	'	'	'	'
Components of interest expense	'	'	'	'
Maximum borrowing capacity	50,000,000	'	'	'
Commitment fee (as a percent)	0.25%	'	'	'
Hudson | Revolving facility | Minimum	'	'	'	'
Components of interest expense	'	'	'	'
Prepayment fee (as a percent)	0.50%	'	'	'
Borrowing availability	5,000,000	'	'	'
Borrowing availability on each date that a borrowing certificate is delivered	7,500,000	'	'	'
Hudson | Revolving facility | Maximum	'	'	'	'
Components of interest expense	'	'	'	'
Prepayment fee (as a percent)	1.00%	'	'	'
Restricted cash that can be included in Excess Availability	2,500,000	'	'	'
Hudson | Revolving A-1 commitment	'	'	'	'
Components of interest expense	'	'	'	'
Maximum borrowing capacity	1,000,000	'	'	'
Hudson | Revolving A-1 commitment | Alternate Base Rate	'	'	'	'
Components of interest expense	'	'	'	'
Variable rate basis	'Alternate Base Rate	'	'	'
Margin on variable rate basis (as a percent)	2.50%	'	'	'
Hudson | Revolving A-1 commitment | 90-Day LIBO Rate	'	'	'	'
Components of interest expense	'	'	'	'
Variable rate basis	'LIBO Rate	'	'	'
Margin on variable rate basis (as a percent)	3.50%	'	'	'
Hudson | Revolving A commitment | Alternate Base Rate	'	'	'	'
Components of interest expense	'	'	'	'
Margin on variable rate basis (as a percent)	1.50%	'	'	'
Hudson | Revolving A commitment | Federal funds rate	'	'	'	'
Components of interest expense	'	'	'	'
Variable rate basis	'Federal funds rate	'	'	'
Margin on variable rate basis (as a percent)	0.50%	'	'	'
Hudson | Revolving A commitment | 90-Day LIBO Rate	'	'	'	'
Components of interest expense	'	'	'	'
Variable rate basis	'90-Day LIBO Rate	'	'	'
Hudson | Revolving A commitment | LIBOR rate loans	'	'	'	'
Components of interest expense	'	'	'	'
Variable rate basis	'90-Day LIBO Rate	'	'	'
Margin on variable rate basis (as a percent)	2.50%	'	'	'
Hudson | Swingline loans	'	'	'	'
Components of interest expense	'	'	'	'
Maximum borrowing capacity	5,000,000	'	'	'
Hudson | Letters of credit	'	'	'	'
Components of interest expense	'	'	'	'
Maximum borrowing capacity	1,000,000	'	'	'
Hudson | Term loans	'	'	'	'
Components of interest expense	'	'	'	'
Prepayment fee, if prepaid prior to September 30, 2014 (as a percent)	3.00%	'	'	'
Reduction in prepayment fee per year until September 30, 2016 (as a percent)	1.00%	'	'	'
Hudson | Term loans | Minimum	'	'	'	'
Components of interest expense	'	'	'	'
Restricted cash that can be included in Excess Availability	5,000,000	'	'	'
Borrowing availability on each date that a borrowing certificate is delivered	7,500,000	'	'	'
Hudson | Term loans | Maximum	'	'	'	'
Debt	'	'	'	'
Aggregate principal amount of notes issued	60,000,000	'	'	'
Recorded value of the convertible note	'	'	'	'
Convertible notes - Face value	$60,000,000	'	'	'
Hudson | Term loans | British Banker Association Interest Settlement Rate	'	'	'	'
Components of interest expense	'	'	'	'
Margin on variable rate basis (as a percent)	10.75%	'	'	'

FAIR_VALUE_DISCLOSURES_Details

FAIR VALUE DISCLOSURES (Details) (Level 3, Embedded Conversion derivative, USD $)	Feb. 28, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Fair value disclosures	'	'
Fair value of liabilities	$8,250	$5,700
Recurring	'	'
Fair value disclosures	'	'
Fair value of liabilities	$8,250	$5,700

FAIR_VALUE_DISCLOSURES_Details1

FAIR VALUE DISCLOSURES (Details 2) (Convertible Notes Embedded Derivative, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014
Convertible Notes Embedded Derivative	'
Reconciliation of the changes in Level 3 fair value measurements	'
Balance at the beginning of the period	$5,700
Total (gains) losses included in other expense	2,550
Balance at the end of the period	$8,250