Business Combinations: Business Combinations: (Tables)

9 Months Ended

Oct. 29, 2016

Schedule of Business Acquisitions, by Acquisition

The following table summarizes our preliminary allocation of the purchase price for the Southern Tide acquisition (in thousands):



	Southern Tide acquisition
Cash and cash equivalents	$	2,423
Receivables	6,672
Inventories (1)	16,607
Prepaid expenses	740
Property and equipment	220
Intangible assets	40,900
Goodwill	33,783
Other non-current assets	344
Accounts payable, accrued expenses and other liabilities	(3,328		)
Deferred taxes	(3,978		)
Purchase price	$	94,383

(1) Includes a step-up of acquired inventory from cost to fair value of $3.0 million pursuant to the purchase method of accounting. This step-up amount will be recognized in cost of goods sold as the acquired inventory is sold.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible assets allocated in connection with our preliminary purchase price allocation consisted of the following (in thousands):



	Useful life	Southern Tide acquisition
Finite lived intangible assets acquired, primarily consisting of customer relationships	0 - 15 years	$	6,600
Trade names and trademarks	Indefinite	34,300
		$	40,900

Business Acquisition, Pro Forma Information



	Third Quarter Fiscal 2016			Third Quarter Fiscal 2015			First Nine Months Fiscal 2016		First Nine Months Fiscal 2015
Net sales	$	222,308		$	209,837		$	773,319	$	740,756
(Loss) earnings from continuing operations before income taxes	$	(49	)	$	(1,240	)	$	72,804	$	66,758
(Loss) earnings from continuing operations	$	(987	)	$	(1,160	)	$	45,494	$	40,771
(Loss) earnings from continuing operations per share:
Basic	$	(0.06	)	$	(0.07	)	$	2.75	$	2.48
Diluted	$	(0.06	)	$	(0.07	)	$	2.73	$	2.46