FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of indefinite lived intangible assets recorded at fair value on a recurring basis

The following table represents the assets and liabilities, measured at fair value on a recurring basis as of December 31, 2014 and the basis for that measurement (in thousands):

Liabilities:	Level 1		Level 2		Level 3		Total
Contingent purchase price payments related to the acquisition of HOLLY HUNT	$	—	$	—	$	16,000	$	16,000

Fair Value Measurements, Nonrecurring

The following table represents the assets and liabilities measured at fair value on a nonrecurring basis as of December 31, 2013 and the basis for that measurement (in thousands):

	Fair Value Measurements
	at December 31, 2013 Using
Description	Total		Level 1	Level 2	Level 3	Total Impairment
Edelman Leather tradename (1)	$	17,150	—	—	17,150	$	8,900

(1) The Company estimated the fair value of the indefinite-life intangible asset using the relief-from-royalty method under the income approach as of December 31, 2013. The Company used a royalty rate of 5.0% based on comparable market rates and a discount rate of 12.7%.