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Weighted Average Life (Years) | July 30, 2016 | January 30, 2016 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |||||||||||||||
Finite-lived intangible assets: | ||||||||||||||||||
EVINE trademark | 15 | $ | 1,103,000 | $ | (123,000 | ) | $ | 1,103,000 | $ | (80,000 | ) | |||||||
Total finite-lived intangible assets | $ | 1,103,000 | $ | (123,000 | ) | $ | 1,103,000 | $ | (80,000 | ) | ||||||||
Indefinite-lived intangible assets: | ||||||||||||||||||
FCC broadcast license | $ | 12,000,000 | $ | 12,000,000 |
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July 30, 2016 | January 30, 2016 | |||||||
PNC Credit Facility | ||||||||
PNC revolving loan due May 1, 2020, principal amount | $ | 59,900,000 | $ | 59,900,000 | ||||
PNC term loan due May 1, 2020, principal amount | 11,709,000 | 12,780,000 | ||||||
Less unamortized debt issuance costs | (222,000 | ) | (266,000 | ) | ||||
PNC term loan due May 1, 2020, carrying amount | 11,487,000 | 12,514,000 | ||||||
GACP Credit Agreement | ||||||||
GACP term loan due March 9, 2021, principal amount | 16,717,000 | — | ||||||
Less unamortized debt issuance costs | (1,345,000 | ) | — | |||||
GACP term loan due March 9, 2021, carrying amount | 15,372,000 | — | ||||||
Total long-term credit facilities | 86,759,000 | 72,414,000 | ||||||
Less current portion of long-term credit facilities | (2,993,000 | ) | (2,143,000 | ) | ||||
Long-term credit facilities, excluding current portion | $ | 83,766,000 | $ | 70,271,000 |
PNC Credit Facility | ||||||||||||||||
Fiscal year | Term loan | Revolving loan | GACP Term Loan | Total | ||||||||||||
2016 | $ | 1,072,000 | $ | — | $ | 424,000 | $ | 1,496,000 | ||||||||
2017 | 2,321,000 | — | 921,000 | 3,242,000 | ||||||||||||
2018 | 2,143,000 | — | 850,000 | 2,993,000 | ||||||||||||
2019 | 1,964,000 | — | 780,000 | 2,744,000 | ||||||||||||
2020 | 4,209,000 | 59,900,000 | 850,000 | 64,959,000 | ||||||||||||
2021 | — | — | 12,892,000 | 12,892,000 | ||||||||||||
$ | 11,709,000 | $ | 59,900,000 | $ | 16,717,000 | $ | 88,326,000 |
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Fiscal 2016 | Fiscal 2015 | ||
Expected volatility | 84% | 76% - 82% | |
Expected term (in years) | 5 - 6 years | 5 - 6 years | |
Risk-free interest rate | 1.6% - 1.7% | 1.7% - 1.9% |
2011 Incentive Stock Option Plan | Weighted Average Exercise Price | 2004 Incentive Stock Option Plan | Weighted Average Exercise Price | 2001 Incentive Stock Option Plan | Weighted Average Exercise Price | |||||||||||||||
Balance outstanding, January 30, 2016 | 1,555,000 | $ | 4.30 | 670,000 | $ | 6.18 | 399,000 | $ | 7.78 | |||||||||||
Granted | 1,126,000 | $ | 1.21 | — | $ | — | — | $ | — | |||||||||||
Exercised | — | $ | — | — | $ | — | — | $ | — | |||||||||||
Forfeited or canceled | (609,000 | ) | $ | 4.73 | (83,000 | ) | $ | 6.93 | (47,000 | ) | $ | 11.19 | ||||||||
Balance outstanding, July 30, 2016 | 2,072,000 | $ | 2.49 | 587,000 | $ | 6.07 | 352,000 | $ | 7.33 | |||||||||||
Options exercisable at July 30, 2016 | 747,000 | $ | 3.53 | 578,000 | $ | 6.09 | 352,000 | $ | 7.33 |
Options Outstanding | Options Vested or Expected to Vest | ||||||||||||||||||||||||
Option Type | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | |||||||||||||||||
2011 Incentive: | 2,072,000 | $ | 2.49 | 8.5 | $ | 765,000 | 1,958,000 | $ | 2.55 | 8.4 | $ | 693,000 | |||||||||||||
2004 Incentive: | 587,000 | $ | 6.07 | 2.9 | $ | 4,200 | 586,000 | $ | 6.07 | 2.9 | $ | 4,200 | |||||||||||||
2001 Incentive: | 352,000 | $ | 7.33 | 1.8 | $ | — | 352,000 | $ | 7.33 | 1.8 | $ | — |
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Percentile Rank | Percentage of Units Vested | |
< 33% | 0% | |
33% | 50% | |
50% | 100% | |
100% | 150% |
Percentile Rank | Percentage of Units Vested | |
< 33% | 0% | |
33% | 50% | |
50% | 100% | |
100% | 150% |
Shares | Weighted Average Grant Date Fair Value | |||
Non-vested outstanding, January 30, 2016 | 861,000 | $4.46 | ||
Granted | 596,000 | $1.31 | ||
Vested | (171,000 | ) | $3.43 | |
Forfeited | (276,000 | ) | $5.61 | |
Non-vested outstanding, July 30, 2016 | 1,010,000 | $2.46 |
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Three-Month Periods Ended | Six-Month Periods Ended | |||||||||||||||
July 30, 2016 | August 1, 2015 | July 30, 2016 | August 1, 2015 | |||||||||||||
Jewelry & Watches | $ | 57,972 | $ | 62,044 | $ | 122,146 | $ | 127,852 | ||||||||
Home & Consumer Electronics | 28,918 | 31,682 | 64,564 | 68,793 | ||||||||||||
Beauty | 23,124 | 22,640 | 46,364 | 42,165 | ||||||||||||
Fashion & Accessories | 30,991 | 30,714 | 58,519 | 54,042 | ||||||||||||
All other (primarily shipping & handling revenue) | 16,134 | 13,981 | 32,466 | 26,660 | ||||||||||||
Total | $ | 157,139 | $ | 161,061 | $ | 324,059 | $ | 319,512 |
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Weighted Average Life (Years) | July 30, 2016 | January 30, 2016 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |||||||||||||||
Finite-lived intangible assets: | ||||||||||||||||||
EVINE trademark | 15 | $ | 1,103,000 | $ | (123,000 | ) | $ | 1,103,000 | $ | (80,000 | ) | |||||||
Total finite-lived intangible assets | $ | 1,103,000 | $ | (123,000 | ) | $ | 1,103,000 | $ | (80,000 | ) | ||||||||
Indefinite-lived intangible assets: | ||||||||||||||||||
FCC broadcast license | $ | 12,000,000 | $ | 12,000,000 |
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PNC Credit Facility | ||||||||||||||||
Fiscal year | Term loan | Revolving loan | GACP Term Loan | Total | ||||||||||||
2016 | $ | 1,072,000 | $ | — | $ | 424,000 | $ | 1,496,000 | ||||||||
2017 | 2,321,000 | — | 921,000 | 3,242,000 | ||||||||||||
2018 | 2,143,000 | — | 850,000 | 2,993,000 | ||||||||||||
2019 | 1,964,000 | — | 780,000 | 2,744,000 | ||||||||||||
2020 | 4,209,000 | 59,900,000 | 850,000 | 64,959,000 | ||||||||||||
2021 | — | — | 12,892,000 | 12,892,000 | ||||||||||||
$ | 11,709,000 | $ | 59,900,000 | $ | 16,717,000 | $ | 88,326,000 |
July 30, 2016 | January 30, 2016 | |||||||
PNC Credit Facility | ||||||||
PNC revolving loan due May 1, 2020, principal amount | $ | 59,900,000 | $ | 59,900,000 | ||||
PNC term loan due May 1, 2020, principal amount | 11,709,000 | 12,780,000 | ||||||
Less unamortized debt issuance costs | (222,000 | ) | (266,000 | ) | ||||
PNC term loan due May 1, 2020, carrying amount | 11,487,000 | 12,514,000 | ||||||
GACP Credit Agreement | ||||||||
GACP term loan due March 9, 2021, principal amount | 16,717,000 | — | ||||||
Less unamortized debt issuance costs | (1,345,000 | ) | — | |||||
GACP term loan due March 9, 2021, carrying amount | 15,372,000 | — | ||||||
Total long-term credit facilities | 86,759,000 | 72,414,000 | ||||||
Less current portion of long-term credit facilities | (2,993,000 | ) | (2,143,000 | ) | ||||
Long-term credit facilities, excluding current portion | $ | 83,766,000 | $ | 70,271,000 |
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Fiscal 2016 | Fiscal 2015 | ||
Expected volatility | 84% | 76% - 82% | |
Expected term (in years) | 5 - 6 years | 5 - 6 years | |
Risk-free interest rate | 1.6% - 1.7% | 1.7% - 1.9% |
2011 Incentive Stock Option Plan | Weighted Average Exercise Price | 2004 Incentive Stock Option Plan | Weighted Average Exercise Price | 2001 Incentive Stock Option Plan | Weighted Average Exercise Price | |||||||||||||||
Balance outstanding, January 30, 2016 | 1,555,000 | $ | 4.30 | 670,000 | $ | 6.18 | 399,000 | $ | 7.78 | |||||||||||
Granted | 1,126,000 | $ | 1.21 | — | $ | — | — | $ | — | |||||||||||
Exercised | — | $ | — | — | $ | — | — | $ | — | |||||||||||
Forfeited or canceled | (609,000 | ) | $ | 4.73 | (83,000 | ) | $ | 6.93 | (47,000 | ) | $ | 11.19 | ||||||||
Balance outstanding, July 30, 2016 | 2,072,000 | $ | 2.49 | 587,000 | $ | 6.07 | 352,000 | $ | 7.33 | |||||||||||
Options exercisable at July 30, 2016 | 747,000 | $ | 3.53 | 578,000 | $ | 6.09 | 352,000 | $ | 7.33 |
Options Outstanding | Options Vested or Expected to Vest | ||||||||||||||||||||||||
Option Type | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | |||||||||||||||||
2011 Incentive: | 2,072,000 | $ | 2.49 | 8.5 | $ | 765,000 | 1,958,000 | $ | 2.55 | 8.4 | $ | 693,000 | |||||||||||||
2004 Incentive: | 587,000 | $ | 6.07 | 2.9 | $ | 4,200 | 586,000 | $ | 6.07 | 2.9 | $ | 4,200 | |||||||||||||
2001 Incentive: | 352,000 | $ | 7.33 | 1.8 | $ | — | 352,000 | $ | 7.33 | 1.8 | $ | — |
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Percentile Rank | Percentage of Units Vested | |
< 33% | 0% | |
33% | 50% | |
50% | 100% | |
100% | 150% |
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Three-Month Periods Ended | Six-Month Periods Ended | |||||||||||||||
July 30, 2016 | August 1, 2015 | July 30, 2016 | August 1, 2015 | |||||||||||||
Jewelry & Watches | $ | 57,972 | $ | 62,044 | $ | 122,146 | $ | 127,852 | ||||||||
Home & Consumer Electronics | 28,918 | 31,682 | 64,564 | 68,793 | ||||||||||||
Beauty | 23,124 | 22,640 | 46,364 | 42,165 | ||||||||||||
Fashion & Accessories | 30,991 | 30,714 | 58,519 | 54,042 | ||||||||||||
All other (primarily shipping & handling revenue) | 16,134 | 13,981 | 32,466 | 26,660 | ||||||||||||
Total | $ | 157,139 | $ | 161,061 | $ | 324,059 | $ | 319,512 |
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