Commitments and Contingencies

12 Months Ended

Jan. 31, 2015

Commitments and Contingencies.

Commitments and Contingencies

7.     Commitments and Contingencies

Operating Leases

        Cherokee leases office space in Sherman Oaks, California, Huntington Beach, California, and Minneapolis, Minnesota, which leases expire November 2016, subject to an option to extend for five years, August 2019, subject to an option to extend for five years, and June 2018, subject to an option to extend for three years, respectively. The Company also leases office equipment for certain of these locations.

        The future minimum non-cancelable lease payments are as follows:

(amounts in thousands)	Operating Leases
Fiscal 2016	$	448
Fiscal 2017		329
Fiscal 2018		83
Fiscal 2019		53
Fiscal 2020 and thereafter		19
Total future minimum lease payments	$	932

        Total rent expense was $387 for Fiscal 2015, $323 for Fiscal 2014 and $290 for Fiscal 2013. Total operating lease expenses, excluding rent, was $84 for Fiscal 2015, $120 for Fiscal 2014 and $102 for Fiscal 2013.

Trademark Indemnities

        Cherokee indemnifies certain customers against liability arising from third-party claims of intellectual property rights infringement related to the Company's trademarks. These indemnities appear in the licensing agreements with the Company's customers, are not limited in amount or duration and generally survive the expiration of the contracts. Given that the amount of any potential liabilities related to such indemnities cannot be determined until an infringement claim has been made, the Company is unable to determine a range of estimated losses that it could incur related to such indemnifications.

Litigation Reserves

        Estimated amounts for claims that are probable and can be reasonably estimated are recorded as liabilities in the consolidated balance sheets. The likelihood of a material change in these estimated reserves would be dependent on new claims as they may arise and the expected probable favorable or unfavorable outcome of each claim. As additional information becomes available, the Company assesses the potential liability related to new claims and existing claims and revises estimates as appropriate. As new claims arise or existing claims evolve, such revisions in estimates of the potential liability could materially impact the results of operations and financial position. The Company may also be involved in various other claims and other matters incidental to the Company's business, the resolution of which is not expected to have a material adverse effect on the Company's financial position or results of operations. No material amounts were accrued as of January 31, 2015 or February 1, 2014 related to any of the Company's legal proceedings.