$VNCE
VINCE HOLDING CORP.

2022 Q1 Form 10-K Financial Statement

#000156459022016640 Filed on April 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $99.03M $322.7M $74.80M
YoY Change 32.39% 46.76% -53.91%
Cost Of Revenue $55.45M $176.1M $47.20M
YoY Change 17.48% 34.16% -47.79%
Gross Profit $43.58M $146.6M $27.60M
YoY Change 57.88% 65.43% -61.61%
Gross Profit Margin 44.0% 45.42% 36.9%
Selling, General & Admin $41.76M $145.4M $31.50M
YoY Change 32.57% 18.43% -59.67%
% of Gross Profit 95.83% 99.22% 114.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.852M $6.496M $1.590M
YoY Change 16.48% -5.83% -25.7%
% of Gross Profit 4.25% 4.43% 5.76%
Operating Expenses $41.76M $146.1M $31.50M
YoY Change 32.57% 18.96% -59.67%
Operating Profit $1.815M $483.0K -$3.900M
YoY Change -146.54% -100.79% -37.1%
Interest Expense -$1.764M -$8.606M -$1.700M
YoY Change 3.76% 72.12% -10.53%
% of Operating Profit -97.19% -1781.78%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $51.00K -$8.123M -$5.600M
YoY Change -100.91% -87.26% -119.72%
Income Tax $2.758M $4.581M $1.800M
% Of Pretax Income 5407.84%
Net Earnings -$2.707M -$12.70M -$7.400M
YoY Change -63.42% -80.65% -126.06%
Net Earnings / Revenue -2.73% -3.94% -9.89%
Basic Earnings Per Share -$1.07
Diluted Earnings Per Share -$226.3K -$1.067M -$627.1K
COMMON SHARES
Basic Shares Outstanding 11.90M
Diluted Shares Outstanding 11.90M

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.056M $1.056M $3.800M
YoY Change -72.21% -72.21% 660.0%
Cash & Equivalents $1.056M $1.056M $3.777M
Short-Term Investments
Other Short-Term Assets $5.804M $5.804M $6.700M
YoY Change -13.37% -13.37% 0.0%
Inventory $78.56M $78.56M $68.23M
Prepaid Expenses
Receivables $29.95M $29.95M $31.88M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $115.4M $115.4M $110.6M
YoY Change 4.33% 4.31% -3.2%
LONG-TERM ASSETS
Property, Plant & Equipment $17.12M $109.8M $17.74M
YoY Change -3.52% 0.09% -29.81%
Goodwill $31.97M $31.97M
YoY Change 0.0% -22.84%
Intangibles $75.84M $76.49M
YoY Change -0.86% -6.18%
Long-Term Investments
YoY Change
Other Assets $4.253M $4.253M $4.173M
YoY Change 1.92% 1.26% -17.89%
Total Long-Term Assets $221.9M $221.9M $222.4M
YoY Change -0.23% -0.2% -10.36%
TOTAL ASSETS
Total Short-Term Assets $115.4M $115.4M $110.6M
Total Long-Term Assets $221.9M $221.9M $222.4M
Total Assets $337.2M $337.2M $332.9M
YoY Change 1.29% 1.3% -8.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.72M $46.72M $40.22M
YoY Change 16.18% 16.22% -6.64%
Accrued Expenses $42.17M $42.17M $42.00M
YoY Change 0.4% 0.4% -5.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.625M $2.625M
YoY Change
Total Short-Term Liabilities $91.52M $91.52M $82.22M
YoY Change 11.31% 11.33% -8.92%
LONG-TERM LIABILITIES
Long-Term Debt $88.87M $88.87M $84.49M
YoY Change 5.19% 5.17% 73.55%
Other Long-Term Liabilities $627.0K $94.99M $1.200M
YoY Change -47.75% -3.36% -49.02%
Total Long-Term Liabilities $89.50M $183.9M $85.69M
YoY Change 4.45% 0.58% 67.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.52M $91.52M $82.22M
Total Long-Term Liabilities $89.50M $183.9M $85.69M
Total Liabilities $181.0M $281.4M $167.9M
YoY Change 7.81% 5.53% 18.82%
SHAREHOLDERS EQUITY
Retained Earnings -$1.085B -$1.072B
YoY Change 1.19% 6.52%
Common Stock $1.141B $1.138B
YoY Change 0.2% 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $55.78M $55.78M $66.21M
YoY Change
Total Liabilities & Shareholders Equity $337.2M $337.2M $332.9M
YoY Change 1.29% 1.3% -8.1%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income -$2.707M -$12.70M -$7.400M
YoY Change -63.42% -80.65% -126.06%
Depreciation, Depletion And Amortization $1.852M $6.496M $1.590M
YoY Change 16.48% -5.83% -25.7%
Cash From Operating Activities $4.027M -$221.0K $13.07M
YoY Change -69.19% -99.12% -10.66%
INVESTING ACTIVITIES
Capital Expenditures -$931.0K -$5.055M -$940.0K
YoY Change -0.96% 44.43% -2.08%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$931.0K -$5.055M -$940.0K
YoY Change -0.96% 44.55% -2.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $150.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.640M 2.514M -9.060M
YoY Change -59.82% -92.09% -35.15%
NET CHANGE
Cash From Operating Activities 4.027M -221.0K 13.07M
Cash From Investing Activities -931.0K -5.055M -940.0K
Cash From Financing Activities -3.640M 2.514M -9.060M
Net Change In Cash -544.0K -2.762M 3.070M
YoY Change -117.72% -185.8% -1123.33%
FREE CASH FLOW
Cash From Operating Activities $4.027M -$221.0K $13.07M
Capital Expenditures -$931.0K -$5.055M -$940.0K
Free Cash Flow $4.958M $4.834M $14.01M
YoY Change -64.61% -122.41% -10.13%

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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(C) <span style="font-weight:bold;">Fiscal Year</span>: The Company operates on a fiscal calendar widely used by the retail industry that results in a given fiscal year consisting of a 52 or 53-week period ending on the Saturday closest to January 31.</p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">References to “fiscal year 2021” or “fiscal 2021” refer to the fiscal year ended January 29, 2022; and</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">References to “fiscal year 2020” or “fiscal 2020” refer to the fiscal year ended January 30, 2021.</span></p></td></tr></table></div> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fiscal years 2021 and 2020 consisted of a 52-week period.</p>
CY2022Q1 us-gaap Change In Accounting Principle Accounting Standards Update Adoption Date
ChangeInAccountingPrincipleAccountingStandardsUpdateAdoptionDate
2021-01-31
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17117000
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17741000
CY2022 us-gaap Depreciation
Depreciation
5644000
CY2021 us-gaap Depreciation
Depreciation
5979000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(F) <span style="font-weight:bold;">Use of Estimates</span>:<span style="font-size:12pt;"> </span>The preparation of consolidated 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 consolidated financial statements.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.13%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company considered the COVID-19 related impacts to its estimates including the impairment of property and equipment and <span style="color:#000000;">operating lease right-of-use assets (“</span>ROU assets”), the impairment of goodwill and intangible assets, accounts receivable and inventory valuation, the liability associated with our tax receivable agreement, and the assessment of our liquidity. <span style="color:#212529;">These estimates may change as the current situation evolves or new events occur.</span></p>
CY2020Q3 us-gaap Loss Contingency Claims Dismissed Number
LossContingencyClaimsDismissedNumber
2
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(H) <span style="font-weight:bold;">Accounts Receivable and Concentration of Credit Risk</span>: The Company maintains an allowance for accounts receivable estimated to be uncollectible. The provision for bad debts is included in Selling, general and administrative (“SG&amp;A”) expense. Substantially all of the Company’s trade receivables are derived from sales to retailers and are recorded at the invoiced amount and do not bear interest. The Company performs ongoing credit evaluations of its wholesale partners’ financial condition and requires collateral as deemed necessary. The past due status of a receivable is based on its contractual terms. Account balances are charged off against the allowance when it is probable the receivable will not be collected.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accounts receivable are recorded net of allowances including expected future chargebacks from wholesale partners and estimated margin support. It is the nature of the apparel and fashion industry that suppliers similar to the Company face significant pressure from customers in the retail industry to provide allowances to compensate for wholesale partner margin shortfalls. This pressure often takes the form of customers requiring the Company to provide price concessions on prior shipments as a prerequisite for obtaining future orders. Pressure for these concessions is largely determined by overall retail sales performance and, more specifically, the performance of the Company’s products at retail. To the extent the Company’s wholesale partners have more of the Company’s goods on hand at the end of the season, there will be greater pressure for the Company to grant markdown concessions on prior shipments. Accounts receivable balances are reported net of expected allowances for these matters based on the historical level of concessions required and estimates of the level of markdowns and allowances that will be required in the coming season. The Company evaluates the allowance balances on a continual basis and adjusts them as necessary to reflect changes in anticipated allowance activity. The Company also provides an allowance for sales returns based on known trends and historical return rates.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In fiscal 2021, sales to one wholesale partner accounted for more than ten percent of the Company’s net sales. These sales represented 20% of fiscal 2021 net sales. In fiscal 2020, sales to one wholesale partner accounted for more than ten percent of the Company’s net sales. These sales represented 21% of fiscal 2020 net sales. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Three wholesale partners each represented greater than ten percent of the Company’s gross accounts receivable balance as of January 29, 2022, with a corresponding aggregate total of 63% of such balance. Three wholesale partners each represented greater than ten percent of the Company’s gross accounts receivable balance as of January 30, 2021, with a corresponding aggregate total of 67% of such balance. </p>
CY2022Q1 us-gaap Inventory Net
InventoryNet
78564000
CY2021Q1 us-gaap Inventory Net
InventoryNet
68226000
CY2022Q1 vnce Percentage Of Inventory Purchases
PercentageOfInventoryPurchases
0.42
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2677000
CY2022 vnce Number Of Suppliers
NumberOfSuppliers
2
CY2021Q1 vnce Percentage Of Inventory Purchases
PercentageOfInventoryPurchases
0.43
CY2021Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2096000
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
72335000
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
69507000
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
55218000
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
51766000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
13026000
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
8556000
CY2022Q1 vnce Non Financial Assets Fair Value Disclosure
NonFinancialAssetsFairValueDisclosure
0
CY2021Q1 vnce Non Financial Assets Fair Value Disclosure
NonFinancialAssetsFairValueDisclosure
0
CY2022Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2022Q1 us-gaap Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
0
CY2021Q1 us-gaap Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
0
CY2022 vnce Revenue Associated With New Customer Included In Net Sales
RevenueAssociatedWithNewCustomerIncludedInNetSales
758000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1739000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1618000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
244000
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
16287000
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
11851000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9462000
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
8556000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
58
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
38.77
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
58
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
38.77
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
656000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
655000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
655000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
655000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
655000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
655000
CY2022Q1 vnce Finite Lived Intangible Assets Amortization Expenses
FiniteLivedIntangibleAssetsAmortizationExpenses
3275000
CY2021Q1 us-gaap Goodwill
Goodwill
31973000
CY2022Q1 us-gaap Goodwill
Goodwill
31973000
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
101845000
CY2021Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
101845000
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q1 vnce Indefinite Lived Intangible Assets Excluding Goodwill Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsExcludingGoodwillAccumulatedImpairmentLoss
57828000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
75835000
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
76491000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
656000
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
126640000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
92711000
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
85897000
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
2625000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
88869000
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
84485000
CY2020Q2 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0
CY2022Q1 us-gaap Purchase Obligation
PurchaseObligation
92071000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
472000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
366000
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11986127
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11986127
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11809023
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11809023
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11902307
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11769689
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11902307
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11769689
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
159000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
152000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
42000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
27000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
201000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
179000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1365000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4581000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1866000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4581000
CY2022 vnce Provision For Income Taxes Included Correction Of Error Related To State Tax Impact Of Non Cash Deferred Tax Expense
ProvisionForIncomeTaxesIncludedCorrectionOfErrorRelatedToStateTaxImpactOfNonCashDeferredTaxExpense
882000
CY2022 vnce Provision For Income Taxes Related To Additional Non Cash Deferred Tax Expense
ProvisionForIncomeTaxesRelatedToAdditionalNonCashDeferredTaxExpense
575000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.082
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.036
CY2022 vnce Effective Income Tax Rate Return To Provision Adjustments
EffectiveIncomeTaxRateReturnToProvisionAdjustments
0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.009
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.006
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.006
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.029
CY2021Q1 vnce Deferred Tax Asset Depreciation And Amortization
DeferredTaxAssetDepreciationAndAmortization
7700000
CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
1114000
CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
2604000
CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
358000
CY2022Q1 vnce Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
29876000
CY2021Q1 vnce Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
29900000
CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
108994000
CY2022Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
92000
CY2021Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
92000
CY2022Q1 vnce Deferred Tax Assets Interest Expense
DeferredTaxAssetsInterestExpense
1281000
CY2022Q1 vnce Deferred Tax Assets Interest Expense
DeferredTaxAssetsInterestExpense
1281000
CY2022Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
452000
CY2021Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
290000
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
162211000
CY2021Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
151052000
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
119425000
CY2022Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
35571000
CY2021Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
31627000
CY2022Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
18067000
CY2021Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
8213000
CY2022Q1 vnce Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
23571000
CY2021Q1 vnce Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
23102000
CY2021Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2000000
CY2022Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
41638000
CY2021Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
33315000
CY2022Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6067000
CY2021Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1688000
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
6067000
CY2021Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1688000
CY2022Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6067000
CY2021Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1688000
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
95013000
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
24857000
CY2022Q1 vnce Deferred Tax Assets Including Operating Loss Carryforwards
DeferredTaxAssetsIncludingOperatingLossCarryforwards
120572000
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
126640000
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
7215000
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
119425000
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2304000
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2304000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
556000
CY2022Q1 vnce Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
556000
CY2021Q1 vnce Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
2304000
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1748000
CY2022 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.
CY2022Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2021 vnce Adjustment To Tax Receivable Agreement Obligation
AdjustmentToTaxReceivableAgreementObligation
2320000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2021 vnce Impact Of Rent Concessions
ImpactOfRentConcessions
4200000
CY2021 vnce Impact Of Other Occupancy Costs Concessions
ImpactOfOtherOccupancyCostsConcessions
1119000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
24316000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
23537000
CY2022 vnce Variable Lease Cost Income
VariableLeaseCostIncome
389000
CY2021 vnce Variable Lease Cost Income
VariableLeaseCostIncome
-2928000
CY2022 us-gaap Lease Cost
LeaseCost
24705000
CY2021 us-gaap Lease Cost
LeaseCost
20609000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
30091000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
22154000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21965000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22449000
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
8556000
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
28410000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28311000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
25201000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16907000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
11077000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
31882000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
141788000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
24721000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
117067000
CY2022Q1 vnce Lessee Operating Lease Future Minimum Payment Lease Not Yet Commenced
LesseeOperatingLeaseFutureMinimumPaymentLeaseNotYetCommenced
11388000
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
322683000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8123000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6496000
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5055000
CY2022Q1 us-gaap Assets
Assets
337227000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
219870000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-63783000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6898000
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3497000
CY2021Q1 us-gaap Assets
Assets
332944000

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