text: In June 2014, the FASB issued ASU No. 2014-12,*Compensation - Stock Compensation*. This ASU provides guidance on how to account for 
  share-based payments for performance targets that could be achieved after an employee completes the requisite service period. Under the 
  new guidance, a performance target that affects vesting and could be achieved after the requisite service period is treated as a performance 
  condition. As such, the performance target is not reflected in estimating the grant-date fair value of the award. This ASU is effective for us 
  beginning with the first quarter of 2016. We do not expect the provisions of this ASU to have a material impact on our consolidated financial 
  statements. 
  
  **NOTE 2: TRUNK CLUB ACQUISITION**
  On August 22, 2014, we acquired 100% of the outstanding equity of Trunk Club, a personalized clothing service for men. We believe the 
  acquisition enables us to provide a high-touch personalized shopping experience combined with the convenience of an online platform. This 
  represents a natural extension of our core business, aligns with our strategic priorities around a relevant customer experience and 
  accelerates our entry into this fast-growing market. 