ACCOUNTS RECEIVABLE AND SIGNIFICANT CUSTOMERS

12 Months Ended

Dec. 31, 2012

ACCOUNTS RECEIVABLE AND SIGNIFICANT CUSTOMERS [Abstract]

ACCOUNTS RECEIVABLE AND SIGNIFICANT CUSTOMERS

ACCOUNTS RECEIVABLE AND SIGNIFICANT CUSTOMERS

Accounts receivable consist of the following:

December 31,	2012			2011
(In millions)
Trade accounts receivable	$	408.4		$	367.9
Allowances for doubtful accounts, returns, discounts and co-op advertising		(27.4	)		(28.3	)
	$	381.0		$	339.6

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 18%, 19% and 20% of consolidated gross revenues for 2012, 2011 and 2010, respectively, and accounted for approximately 17% and 18% of accounts receivable at December 31, 2012 and 2011, respectively.

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 $15.6 million and $19.7 million at December 31, 2012 and 2011, respectively.  Net revenues from GRI amounted to $66.3 million, $65.9 million and $71.6 million for 2012, 2011 and 2010, respectively.  On April 23, 2009, we converted $10.0 million of outstanding GRI accounts receivable to a three-year interest-bearing convertible note.  This note was repaid on April 20, 2012.