2024 Q2 Form 10-Q Financial Statement
#000095017024074927 Filed on June 18, 2024
Income Statement
Concept | 2024 Q2 |
---|---|
Revenue | $59.17M |
YoY Change | -7.63% |
Cost Of Revenue | $29.26M |
YoY Change | -15.11% |
Gross Profit | $29.91M |
YoY Change | 1.08% |
Gross Profit Margin | 50.55% |
Selling, General & Admin | $31.94M |
YoY Change | -2.41% |
% of Gross Profit | 106.79% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $1.013M |
YoY Change | -25.84% |
% of Gross Profit | 3.39% |
Operating Expenses | $31.94M |
YoY Change | -2.41% |
Operating Profit | $5.604M |
YoY Change | -278.41% |
Interest Expense | $1.646M |
YoY Change | -150.03% |
% of Operating Profit | 29.37% |
Other Income/Expense, Net | |
YoY Change | |
Pretax Income | $3.958M |
YoY Change | -169.86% |
Income Tax | -$887.0K |
% Of Pretax Income | -22.41% |
Net Earnings | $4.380M |
YoY Change | -1249.61% |
Net Earnings / Revenue | 7.4% |
Basic Earnings Per Share | $0.35 |
Diluted Earnings Per Share | $0.35 |
COMMON SHARES | |
Basic Shares Outstanding | 12.51M |
Diluted Shares Outstanding | 12.61M |
Balance Sheet
Concept | 2024 Q2 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $739.0K |
YoY Change | 75.12% |
Cash & Equivalents | $739.0K |
Short-Term Investments | |
Other Short-Term Assets | $6.949M |
YoY Change | 65.41% |
Inventory | $56.67M |
Prepaid Expenses | |
Receivables | $22.25M |
Other Receivables | $0.00 |
Total Short-Term Assets | $86.61M |
YoY Change | -15.11% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $6.869M |
YoY Change | -91.21% |
Goodwill | $31.97M |
YoY Change | 0.0% |
Intangibles | |
YoY Change | |
Long-Term Investments | $25.08M |
YoY Change | |
Other Assets | $2.175M |
YoY Change | -96.98% |
Total Long-Term Assets | $136.5M |
YoY Change | -25.04% |
TOTAL ASSETS | |
Total Short-Term Assets | $86.61M |
Total Long-Term Assets | $136.5M |
Total Assets | $223.1M |
YoY Change | -21.48% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $22.48M |
YoY Change | -51.11% |
Accrued Expenses | $29.51M |
YoY Change | -26.84% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $51.98M |
YoY Change | -42.12% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $50.10M |
YoY Change | -51.09% |
Other Long-Term Liabilities | $65.77M |
YoY Change | -8.07% |
Total Long-Term Liabilities | $50.10M |
YoY Change | -71.2% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $51.98M |
Total Long-Term Liabilities | $50.10M |
Total Liabilities | $102.1M |
YoY Change | -61.3% |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$1.093B |
YoY Change | -2.69% |
Common Stock | $1.145B |
YoY Change | 0.09% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $51.66M |
YoY Change | |
Total Liabilities & Shareholders Equity | $223.1M |
YoY Change | -21.48% |
Cashflow Statement
Concept | 2024 Q2 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $4.380M |
YoY Change | -1249.61% |
Depreciation, Depletion And Amortization | $1.013M |
YoY Change | -25.84% |
Cash From Operating Activities | -$3.878M |
YoY Change | -173.47% |
INVESTING ACTIVITIES | |
Capital Expenditures | $740.0K |
YoY Change | 543.48% |
Acquisitions | |
YoY Change | |
Other Investing Activities | $0.00 |
YoY Change | -100.0% |
Cash From Investing Activities | -$740.0K |
YoY Change | -181.32% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | 5.003M |
YoY Change | -173.09% |
NET CHANGE | |
Cash From Operating Activities | -3.878M |
Cash From Investing Activities | -740.0K |
Cash From Financing Activities | 5.003M |
Net Change In Cash | 385.0K |
YoY Change | -158.6% |
FREE CASH FLOW | |
Cash From Operating Activities | -$3.878M |
Capital Expenditures | $740.0K |
Free Cash Flow | -$4.618M |
YoY Change | -189.44% |
Facts In Submission
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420000 | |
CY2024Q2 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
1131000 | |
CY2023Q2 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
913000 | |
CY2024Q2 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-1072000 | |
CY2024Q2 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
1527000 | |
CY2023Q2 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-3235000 | |
CY2024Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-2100000 | |
CY2023Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-9974000 | |
CY2024Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1952000 | |
CY2023Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
683000 | |
CY2024Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-871000 | |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1723000 | |
CY2024Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
277000 | |
CY2023Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
2438000 | |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3878000 | |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5278000 | |
CY2024Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
740000 | |
CY2023Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
115000 | |
CY2023Q2 | us-gaap |
Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
|
1025000 | |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-740000 | |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
910000 | |
CY2024Q2 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
46400000 | |
CY2023Q2 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
63827000 | |
CY2024Q2 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
41400000 | |
CY2023Q2 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
68841000 | |
CY2023Q2 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
1713000 | |
CY2024Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2000 | |
CY2023Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
8000 | |
CY2024Q2 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
7000 | |
CY2023Q2 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
15000 | |
CY2024Q2 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2000 | |
CY2023Q2 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
125000 | |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5003000 | |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-6845000 | |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
385000 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-657000 | |
CY2024Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-4000 | |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1219000 | |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1116000 | |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1600000 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
459000 | |
CY2024Q2 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
861000 | |
CY2023Q2 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
37000 | |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
739000 | |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
422000 | |
CY2024Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
397000 | |
CY2023Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
877000 | |
CY2024Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
11000 | |
CY2023Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6000 | |
CY2024Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
261000 | |
CY2023Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
104000 | |
CY2024Q2 | vnce |
Deferred Financing Fees In Accrued Liabilities
DeferredFinancingFeesInAccruedLiabilities
|
6000 | |
CY2023Q2 | vnce |
Deferred Financing Fees In Accrued Liabilities
DeferredFinancingFeesInAccruedLiabilities
|
925000 | |
CY2024Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">(A) Description of Business:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> The Company is a global retail company that operates the Vince brand women's and men's ready to wear business. Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day effortless style. Previously, the Company also owned and operated the Rebecca Taylor and Parker brands until the sale of the respective intellectual property was completed, as discussed below.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">On April 21, 2023 the Company entered into a strategic partnership ("Authentic Transaction") with Authentic Brands Group, LLC ("Authentic"), a global brand development, marketing and entertainment platform, whereby the Company contributed its intellectual property to a newly formed Authentic subsidiary ("ABG Vince") for cash consideration and a membership interest in ABG Vince. The Company closed the Asset Sale (as defined below) on May 25, 2023. On May 25, 2023, in connection with the Authentic Transaction, Vince, LLC entered into a License Agreement (the "License Agreement") with ABG-Vince LLC, which provides Vince, LLC with an exclusive, long-term license to use the Licensed Property in the Territory to the Approved Accounts (each as defined in the License Agreement). See Note 2 "Recent Transactions" for additional information.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Rebecca Taylor, founded in 1996 in New York City, was a contemporary womenswear line lauded for its signature prints, romantic detailing and vintage inspired aesthetic, reimagined for a modern era. On September 12, 2022, the Company announced its decision to wind down the Rebecca Taylor business. On December 22, 2022, the Company's indirectly wholly owned subsidiary, Rebecca Taylor, Inc., completed the sale of its intellectual property and certain related ancillary assets to RT IPCO, LLC, an affiliate of Ramani Group.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">On May 3, 2024, Vince, LLC completed the sale of all outstanding shares of Rebecca Taylor, Inc., which held the Rebecca Taylor business prior to the wind-down, to Nova Acquisitions, LLC. See Note 2 "Recent Transactions" for further information.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Parker, founded in 2008 in New York City, was a contemporary women's fashion brand that was trend focused. During the first half of fiscal 2020 the Company decided to pause the creation of new products for the Parker brand to focus resources on the operations of the Vince and Rebecca Taylor brands. On February 17, 2023, the Company's indirectly wholly owned subsidiary, Parker Lifestyle, LLC, completed the sale of its intellectual property and certain related ancillary assets to Parker IP Co. LLC, an affiliate of BCI Brands. See Note 2 "Recent Transactions" for additional information.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company reaches its customers through a variety of channels, specifically through major wholesale department stores and specialty stores in the United States ("U.S.") and select international markets, as well as through the Company's branded retail locations and the Company's websites. The Company designs products in the U.S. and sources the vast majority of products from contract manufacturers outside the U.S., primarily in Asia. Products are manufactured to meet the Company's product specifications and labor standards</span><span style="color:#000000;white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">.</span><span style="color:#000000;white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;"> </span></p> | |
CY2024Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">(C) Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">: The preparation of financial statements in conformity with GAAP requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements which affect revenues and expenses during the period reported. Estimates are adjusted when necessary to reflect actual experience. Significant estimates and assumptions may affect many items in the financial statements. Actual results could differ from estimates and assumptions in amounts that may be material to the condensed consolidated financial statements.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p> | |
CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1448000 | |
CY2024Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1628000 | |
CY2024Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
113000 | |
CY2024Q1 | us-gaap |
Goodwill
Goodwill
|
31973000 | |
CY2024Q2 | us-gaap |
Goodwill
Goodwill
|
31973000 | |
CY2024Q2 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
78715000 | |
CY2024Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
149000 | |
CY2024Q2 | vnce |
Non Financial Assets Fair Value Disclosure
NonFinancialAssetsFairValueDisclosure
|
0 | |
CY2024Q1 | vnce |
Non Financial Assets Fair Value Disclosure
NonFinancialAssetsFairValueDisclosure
|
0 | |
CY2024Q2 | us-gaap |
Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
|
0 | |
CY2024Q1 | us-gaap |
Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
|
0 | |
CY2024Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
50340000 | |
CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
44209000 | |
CY2024Q2 | vnce |
Impairment Of Non Financial Assets
ImpairmentOfNonFinancialAssets
|
0 | |
CY2024Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
50340000 | |
CY2023Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
44209000 | |
CY2023Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | |
CY2024Q2 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
238000 | |
CY2023Q1 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
259000 | |
CY2024Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
50102000 | |
CY2023Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
43950000 | |
CY2024Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
56674000 | |
CY2024Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
58777000 | |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
0 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
0 | |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
0 | |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
0 | |
CY2024Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | |
CY2024Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
-5000 | |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
420000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12507561 | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12342355 | |
CY2024Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
104340 | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
12611901 | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
12342355 | |
CY2024Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
233125 | |
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-887000 | |
CY2024Q2 | vnce |
Discrete Tax Benefit Related To Equity Method Investment
DiscreteTaxBenefitRelatedToEquityMethodInvestment
|
1681000 | |
CY2024Q2 | vnce |
Tax Expense Excluding Discrete Tax Impact
TaxExpenseExcludingDiscreteTaxImpact
|
794000 | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-5285000 | |
CY2023Q2 | vnce |
Discrete Tax Impact From Change In Classification Of Tradename
DiscreteTaxImpactFromChangeInClassificationOfTradename
|
6127000 | |
CY2023Q2 | vnce |
Tax Expense Excluding Discrete Tax Impact
TaxExpenseExcludingDiscreteTaxImpact
|
842000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
|
The Company has operating leases for real estate (primarily retail stores, storage and office spaces) some of which have initial terms of 10 years, and in many instances can be extended for an additional term, while the Company's more recent leases are subject to shorter terms as a result of the implementation of the strategy to pursue shorter lease terms. | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P10Y | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
|
true | |
CY2024Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5472000 | |
CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3797000 | |
CY2024Q2 | vnce |
Variable Lease Cost Income
VariableLeaseCostIncome
|
98000 | |
CY2023Q2 | vnce |
Variable Lease Cost Income
VariableLeaseCostIncome
|
28000 | |
CY2024Q2 | us-gaap |
Lease Cost
LeaseCost
|
5570000 | |
CY2023Q2 | us-gaap |
Lease Cost
LeaseCost
|
3825000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
15985000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
19005000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
15274000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
11490000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
10603000 | |
CY2024Q2 | vnce |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
29769000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
102126000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
20532000 | |
CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
81594000 | |
CY2024Q2 | vnce |
Lessee Operating Lease Future Minimum Payment Lease Not Yet Commenced
LesseeOperatingLeaseFutureMinimumPaymentLeaseNotYetCommenced
|
2274000 | |
CY2024Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
59171000 | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
3958000 | |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
64056000 | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-5666000 | |
CY2024Q2 | us-gaap |
Assets
Assets
|
223079000 | |
CY2024Q1 | us-gaap |
Assets
Assets
|
225149000 | |
CY2024Q2 | vnce |
Received Distributions Of Cash Under Operating Agreement
ReceivedDistributionsOfCashUnderOperatingAgreement
|
607000 | |
CY2024Q2 | vnce |
Payment Of Cash Under License Agreement
PaymentOfCashUnderLicenseAgreement
|
4761000 | |
CY2024Q2 | vnce |
Payments Of Cash Included In Prepaid Expenses And Other Current Assets
PaymentsOfCashIncludedInPrepaidExpensesAndOtherCurrentAssets
|
1712000 | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | vnce |
Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
|
false | |
CY2024Q2 | vnce |
Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |