$LAKE
LAKELAND INDUSTRIES INC

2015 Q4 Form 10-Q Financial Statement

#000114420415070974 Filed on December 15, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4
Revenue $24.89M $23.54M
YoY Change 5.71% 3.32%
Cost Of Revenue $15.64M $15.32M
YoY Change 2.09% -13.64%
Gross Profit $9.248M $8.223M
YoY Change 12.47% 63.09%
Gross Profit Margin 37.16% 34.93%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $240.0K $270.0K
YoY Change -11.11% -40.0%
% of Gross Profit 2.6% 3.28%
Operating Expenses $6.056M $6.940M
YoY Change -12.74% 14.14%
Operating Profit $3.192M $1.283M
YoY Change 148.79% -223.6%
Interest Expense $183.0K $511.0K
YoY Change -64.19% -196.42%
% of Operating Profit 5.73% 39.83%
Other Income/Expense, Net -$7.000K -$2.245M
YoY Change -99.69% -3841.67%
Pretax Income $3.000M -$1.473M
YoY Change -303.67% -2.45%
Income Tax $880.0K $280.0K
% Of Pretax Income 29.33%
Net Earnings $2.120M -$2.500M
YoY Change -184.8% 36.24%
Net Earnings / Revenue 8.52% -10.62%
Basic Earnings Per Share $0.29 -$0.29
Diluted Earnings Per Share $0.29 -$0.29
COMMON SHARES
Basic Shares Outstanding 7.235M shares 5.952M shares
Diluted Shares Outstanding 7.300M shares 5.952M shares

Balance Sheet

Concept 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.300M $7.000M
YoY Change -38.57% 40.0%
Cash & Equivalents $4.288M $6.935M
Short-Term Investments
Other Short-Term Assets $2.818M $2.544M
YoY Change 10.76% 2.41%
Inventory $43.50M $38.92M
Prepaid Expenses
Receivables $14.57M $15.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $69.85M $69.87M
YoY Change -0.04% 2.4%
LONG-TERM ASSETS
Property, Plant & Equipment $9.614M $11.77M
YoY Change -18.31% -6.39%
Goodwill $871.0K $871.3K
YoY Change -0.03% 0.0%
Intangibles $118.0K $493.6K
YoY Change -76.09% -72.31%
Long-Term Investments
YoY Change
Other Assets $11.10M $3.800M
YoY Change 192.11% -33.33%
Total Long-Term Assets $21.67M $16.89M
YoY Change 28.32% -11.6%
TOTAL ASSETS
Total Short-Term Assets $69.85M $69.87M
Total Long-Term Assets $21.67M $16.89M
Total Assets $91.52M $86.76M
YoY Change 5.48% -0.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.417M $9.484M
YoY Change -21.8% 2.63%
Accrued Expenses $1.738M $2.574M
YoY Change -32.48% 2.57%
Deferred Revenue
YoY Change
Short-Term Debt $2.325M $3.686M
YoY Change -36.93% 36.5%
Long-Term Debt Due $100.0K $100.0K
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $21.27M $24.34M
YoY Change -12.61% -14.87%
LONG-TERM LIABILITIES
Long-Term Debt $700.0K $900.0K
YoY Change -22.22% -65.38%
Other Long-Term Liabilities $100.0K $77.29K
YoY Change 29.39% -1.49%
Total Long-Term Liabilities $800.0K $77.29K
YoY Change 935.13% -1.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.27M $24.34M
Total Long-Term Liabilities $800.0K $77.29K
Total Liabilities $22.13M $31.81M
YoY Change -30.43% -17.51%
SHAREHOLDERS EQUITY
Retained Earnings $10.04M -$3.478M
YoY Change -388.6%
Common Stock $64.41M $64.64M
YoY Change -0.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.352M $3.352M
YoY Change -0.01%
Treasury Stock Shares 356.4K shares 356.4K shares
Shareholders Equity $69.39M $54.96M
YoY Change
Total Liabilities & Shareholders Equity $91.52M $86.76M
YoY Change 5.48% -0.66%

Cashflow Statement

Concept 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $2.120M -$2.500M
YoY Change -184.8% 36.24%
Depreciation, Depletion And Amortization $240.0K $270.0K
YoY Change -11.11% -40.0%
Cash From Operating Activities $430.0K $3.650M
YoY Change -88.22% -207.35%
INVESTING ACTIVITIES
Capital Expenditures -$240.0K -$160.0K
YoY Change 50.0% 45.45%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$240.0K -$160.0K
YoY Change 50.0% -23.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -900.0K -2.710M
YoY Change -66.79% -197.83%
NET CHANGE
Cash From Operating Activities 430.0K 3.650M
Cash From Investing Activities -240.0K -160.0K
Cash From Financing Activities -900.0K -2.710M
Net Change In Cash -710.0K 780.0K
YoY Change -191.03% -192.86%
FREE CASH FLOW
Cash From Operating Activities $430.0K $3.650M
Capital Expenditures -$240.0K -$160.0K
Free Cash Flow $670.0K $3.810M
YoY Change -82.41% -215.81%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
37000 USD
lake Increase Decrease In Interest Expense From Arbitration Award
IncreaseDecreaseInInterestExpenseFromArbitrationAward
-111000 USD
lake Increase Decrease In Interest Expense From Arbitration Award
IncreaseDecreaseInInterestExpenseFromArbitrationAward
95000 USD
CY2015Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
15760000 USD
CY2015Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
14379000 USD
CY2015Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
847000 USD
CY2015Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1670000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
981000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
22000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
780000 USD
lake Increase Decrease In Arbitration Award
IncreaseDecreaseInArbitrationAward
-3759000 USD
lake Increase Decrease In Arbitration Award
IncreaseDecreaseInArbitrationAward
-750000 USD
lake Increase In Liabilities Of Discontinued Operations
IncreaseInLiabilitiesOfDiscontinuedOperations
0 USD
lake Increase In Liabilities Of Discontinued Operations
IncreaseInLiabilitiesOfDiscontinuedOperations
5069000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3881000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3059000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
715000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
397000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-264000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-397000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
2749000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
233000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
480000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
272000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
2113000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
717000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-238000 USD
CY2015Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26894000 USD
CY2015Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
21043000 USD
CY2015Q4 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7234914 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
5592559 shares
CY2014Q4 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
86822 shares
CY2015Q4 lake Entity Wide Purchases Major Supplier Percentage
EntityWidePurchasesMajorSupplierPercentage
0.1 pure
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
720000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
880000 USD
CY2015Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
240000 USD
CY2014Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
270000 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
200000 USD
CY2015Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2014Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1286000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2015Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
0 USD
CY2014Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-745000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-1253000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-2047000 USD
CY2015Q4 lake Discontinued Operation Income Loss From Disposal Of Discontinued Operations
DiscontinuedOperationIncomeLossFromDisposalOfDiscontinuedOperations
0 USD
CY2014Q4 lake Discontinued Operation Income Loss From Disposal Of Discontinued Operations
DiscontinuedOperationIncomeLossFromDisposalOfDiscontinuedOperations
0 USD
lake Discontinued Operation Income Loss From Disposal Of Discontinued Operations
DiscontinuedOperationIncomeLossFromDisposalOfDiscontinuedOperations
-515000 USD
lake Discontinued Operation Income Loss From Disposal Of Discontinued Operations
DiscontinuedOperationIncomeLossFromDisposalOfDiscontinuedOperations
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-80000 USD
CY2015Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
0 USD
CY2014Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-745000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-3054000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-2047000 USD
CY2015Q4 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
0 USD
CY2014Q4 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
0 USD
us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
-569000 USD
us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
0 USD
CY2015Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current Other
AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther
1101000 USD
CY2015Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current Other
AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther
0 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
434000 USD
CY2015Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
484000 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2519000 USD
CY2015Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2454000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1500000 shares
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1500000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7597355 shares
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7414037 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7240914 shares
CY2015Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7057596 shares
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
356441 shares
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
356441 shares
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
0 USD
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
2295000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-49000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
532000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
0 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-1147000 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
451000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 USD
lake Repayment Of Subordinated Debt Principal Payments
RepaymentOfSubordinatedDebtPrincipalPayments
0 USD
lake Repayment Of Subordinated Debt Principal Payments
RepaymentOfSubordinatedDebtPrincipalPayments
500000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2421000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2380000 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
10178000 USD
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
0 USD
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
3594000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
13000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2125000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
812000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
41000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Interest Paid
InterestPaid
578000 USD
us-gaap Interest Paid
InterestPaid
1248000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1377000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1098000 USD
us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
No customer accounted for more than 10% of net sales
CY2015Q4 lake Weighted Average Common Equivalent Shares Warrant Issued
WeightedAverageCommonEquivalentSharesWarrantIssued
0 shares
CY2014Q4 lake Weighted Average Common Equivalent Shares Warrant Issued
WeightedAverageCommonEquivalentSharesWarrantIssued
359054 shares
lake Weighted Average Common Equivalent Shares Warrant Issued
WeightedAverageCommonEquivalentSharesWarrantIssued
0 shares
lake Weighted Average Common Equivalent Shares Warrant Issued
WeightedAverageCommonEquivalentSharesWarrantIssued
496270 shares
lake Description Of Senior Loan Agreement
DescriptionOfSeniorLoanAgreement
The primary purposes of the Second Amendment were to (i) modify the definition of Permitted Asset Disposition to provide the Company with the ability to transfer the stock of the Companys then wholly-owned Brazilian subsidiary, Lakeland Brazil and (ii) allow the Borrowers to transfer funds to Lakeland Brazil for the specific purposes of settling arbitration claims, paying contractual expenses, and paying expenses incurred in connection with a transfer of the stock of Lakeland Brazil so long as, after giving effect to any such transfer, the amount Borrowers have as excess availability under the revolver loans, excluding the $15 million facility cap for this purpose only, calculated pursuant to and under the Senior Loan Agreement, is at least $3.0 million. Also, as part of the Second Amendment, Lender consented to the sale of the Companys corporate offices in Ronkonkoma, New York on the condition that the net cash proceeds from the sale in the amount of at least $450,000 are used by the Company to pay down the Borrowers obligations to Lender under the Senior Loan Agreement.
us-gaap Line Of Credit Facility Collateral
LineOfCreditFacilityCollateral
A perfected first security lien on all of the Borrowers United States and Canadian assets, other than its Mexican plant and the Canadian warehouse. o Pledge of 65% of Lakeland US stock in all foreign subsidiaries and 100% pledge of stock of its Canadian subsidiaries.
us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
Prepayment penalties of 2% if prior to the second anniversary of the Closing Date and 1% thereafter.
lake Line Of Credit Facility Maturity Description
LineOfCreditFacilityMaturityDescription
An initial term of three years from June 28, 2013 (the Closing Date), which has been extended to June 28, 2017 pursuant to the Amendment. o Prepayment penalties of 2% if prior to the second anniversary of the Closing Date and 1% thereafter.
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
53000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
888000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
3216000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
634000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-2485000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-2047000 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
1544000 USD
CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2015Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
6335000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
651000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Pension Plan Benefit Obligation
DisposalGroupIncludingDiscontinuedOperationPensionPlanBenefitObligation
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Pension Plan Benefit Obligation
DisposalGroupIncludingDiscontinuedOperationPensionPlanBenefitObligation
1739000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
1163000 USD
CY2015Q4 lake Disposal Group Including Discontinued Operation Short Term Borrowings
DisposalGroupIncludingDiscontinuedOperationShortTermBorrowings
0 USD
CY2015Q1 lake Disposal Group Including Discontinued Operation Short Term Borrowings
DisposalGroupIncludingDiscontinuedOperationShortTermBorrowings
688000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Other Current Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities
2333000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2015Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
6574000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1549000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
869000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
5096000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
385000 USD
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
164000 USD
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
1605000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
970000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
763000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
2797000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-585000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-599000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-1192000 USD
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-745000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
0 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
188000 USD
us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
256000 USD
us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
508000 USD
CY2015Q4 lake Noncash Reclassification Of Other Comprehensive Income To Statement Of Operations
NoncashReclassificationOfOtherComprehensiveIncomeToStatementOfOperations
0 USD
CY2014Q4 lake Noncash Reclassification Of Other Comprehensive Income To Statement Of Operations
NoncashReclassificationOfOtherComprehensiveIncomeToStatementOfOperations
0 USD
lake Noncash Reclassification Of Other Comprehensive Income To Statement Of Operations
NoncashReclassificationOfOtherComprehensiveIncomeToStatementOfOperations
-1286000 USD
lake Noncash Reclassification Of Other Comprehensive Income To Statement Of Operations
NoncashReclassificationOfOtherComprehensiveIncomeToStatementOfOperations
0 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
300000 USD
CY2015Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
0 USD
CY2014Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
0 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
-515000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
0 USD
CY2015Q2 lake Receivable Amount From Settlement Agreement
ReceivableAmountFromSettlementAgreement
8500000 USD
CY2015Q2 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
3750000 USD
CY2015Q2 lake Quarterly Installments Amount In Settlement Liabilities
QuarterlyInstallmentsAmountInSettlementLiabilities
250000 USD
CY2015Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
224000 USD
CY2015Q4 lake Received From Transferee Under Shares Transfer Agreement
ReceivedFromTransfereeUnderSharesTransferAgreement
1.00 pure
us-gaap Payments To Fund Policy Loans
PaymentsToFundPolicyLoans
1130000 USD
lake Additional Fund To Be Paid
AdditionalFundToBePaid
320000 BRL
lake Additional Fund To Be Paid
AdditionalFundToBePaid
95000 USD
lake Payments To Share Transfer Agreement
PaymentsToShareTransferAgreement
992000 BRL
lake Payments To Share Transfer Agreement
PaymentsToShareTransferAgreement
320000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
582000 BRL
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
188000 USD
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
288300 BRL
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
294500 BRL
lake Maximum Amount Of Future Labor Claims
MaximumAmountOfFutureLaborClaims
375000 USD
CY2015Q4 us-gaap Guaranty Liabilities
GuarantyLiabilities
64000 USD
lake Description Of Non Payment Triggers
DescriptionOfNonPaymentTriggers
In addition, on or before either the twelve (12) month anniversary or the twenty-four (24) month anniversary of the Closing Date, the Company agreed topay US $150,000 and US $100,000, respectively, to Lakeland Brazil
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
100000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
21400000 USD
CY2015Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
21600000 USD
CY2015Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
3000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
2900000 USD
CY2015Q1 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
2900000 USD
CY2014Q4 lake Entity Wide Purchases Major Supplier Percentage
EntityWidePurchasesMajorSupplierPercentage
0.1 pure
lake Entity Wide Purchases Major Supplier Percentage
EntityWidePurchasesMajorSupplierPercentage
0.1 pure
lake Entity Wide Purchases Major Supplier Percentage
EntityWidePurchasesMajorSupplierPercentage
0.1 pure
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
41000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
420182 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1073187 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
151266 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
386347 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b><i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>1.</i></b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b><i>Business</i></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.2in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.2in; FONT: 10pt Times New Roman, Times, Serif" align="justify">Lakeland Industries, Inc. and Subsidiaries (&#8220;Lakeland&#8221; or the &#8220;Company&#8221;), a Delaware corporation organized in April 1986, manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market. The principal market for the Company&#8217;s products is in the United States. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> No customer accounted for more than 10% of net sales</font> during the three and nine month periods ending October 31, 2015 and 2014. In April 2015, the Company decided to exit operations in Brazil and on July 31, 2015, the Company completed a conditional closing of the transfer of stock of its wholly-owned Brazilian subsidiary, Lake Brasil Industria E Comercio de Roupas E Equipamentos de Protecao Individual Ltda (referred to herein as &#8220;Lakeland Brazil&#8221; or &#8220;Qualytextil&#8221;), to Zap Com&#233;rcio de Brindes Corporativos Ltda (&#8220;Transferee&#8221;), a company owned by an existing Lakeland Brazil manager. This sale is pursuant to a Shares Transfer Agreement (the &#8220;Shares Transfer Agreement&#8221;) entered into on June 19, 2015. The transactions contemplated by the Shares Transfer Agreement, which shall be deemed to have been consummated as of July 31, 2015, were subject to acceptance of the shares transfer on the Commercial Registry by the Brazilian authorities, which was received in October 2015. See Note 15 for further description.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q4 lake Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
0 USD
CY2014Q4 lake Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
-28000 USD
lake Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
398000 USD
lake Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
347000 USD
lake Percentage Of Excess Of Cap On Labor Claims Amount
PercentageOfExcessOfCapOnLaborClaimsAmount
0.6 pure
CY2015Q4 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
0 USD
CY2014Q4 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-745000 USD
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-1253000 USD
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-2047000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
112000 USD
CY2015Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
60000 USD
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
82000 USD
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
84000 USD

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