ACCOUNTS RECEIVABLE AND SIGNIFICANT CUSTOMERS

12 Months Ended

Dec. 31, 2011

ACCOUNTS RECEIVABLE AND SIGNIFICANT CUSTOMERS [Abstract]

ACCOUNTS RECEIVABLE AND SIGNIFICANT CUSTOMERS

ACCOUNTS RECEIVABLE AND SIGNIFICANT CUSTOMERS

        Accounts receivable consist of thefollowing:

December 31,		2011			2010
(In millions)
Trade accounts receivable	$	367.9		$	374.1
Allowances for doubtful accounts, returns, discounts and co-op advertising		(28.3	)		(28.5	)
	$	339.6		$	345.6

        A significant portion of our sales are to retailers throughout the United States and Canada. We have one significant customer in our domestic wholesale sportswear, domestic wholesale jeanswear and domestic wholesale footwear and accessories operating segments. Macy's, Inc. accounted for approximately 19%, 20% and 21% of consolidated gross revenues for 2011, 2010 and 2009, respectively, and accounted for approximately 18% of accounts receivable at both December 31, 2011 and 2010.

        Due to our 25% ownership interest in GRI, GRI is deemed to be a related party. Included in accounts receivable are amounts due from GRI in the amount of $19.7 million and $25.4 million at December 31, 2011 and 2010, respectively. Net revenues from GRI amounted to $65.9 million, $71.6 million and $47.0 million for 2011, 2010 and 2009, respectively. On April 23, 2009, we converted $10.0 million of outstanding GRI accounts receivable to a three-year interest-bearing convertible note.