Net loss narrowed 52% to $31,261,000 from $65,521,000 for the fourth quarter as sales slipped 8% to $65,413,000 from $71,405,000, with the bottom line facing $29.9 million of non-cash goodwill and indefinite-lived asset impairments compared to $44.8 million in the prior year. CLAR also lapped $21.0 million in tax valuation allowance last year. Domestic sales were down 6% to $28.3 million, while International declined 10% to $37.0 million.

Outdoor sales decreased 8% to $47.2 million, driven by North American wholesale softness and weak direct-to-consumer results across regions, as well as the sale ... Log in to view full article.