10-Q/A

United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM 10-Q/A

(Amendment No. 1)

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarterly Period Ended June 30, 2011

OR

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Transition Period From________ to________.

Commission file number 0-10593

ICONIX BRAND GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	11-2481903
(State or other jurisdiction of  incorporation or organization)	(I.R.S. Employer Identification No.)
1450 Broadway, New York, NY	10018
(Address of principal executive offices)	(Zip Code)

(212) 730-0030

(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes x     No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes x    No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer x	Accelerated filer ¨
Non - accelerated filer  ¨ (Do not check if a smaller reporting company)	Smaller reporting company ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)

Yes  ¨ No  x

Indicate the number of shares outstanding of each of the issuer's classes of Common Stock, as of the latest practicable date.

Common Stock, $.001 Par Value – 73,276,989 shares as of August 22, 2011.

Explanatory Note

The sole purpose of this Amendment No. 1 to the Quarterly Report on Form 10-Q for Iconix Brand Group, Inc. (the "Company") for the period ended June 30, 2011, filed with the Securities and Exchange Commission on August 9, 2011 (the "Form 10-Q"), is to furnish Exhibit 101 to the Form 10-Q within the 30-day grace period ascribed by Rule 405(a)(2) of Regulation S-T, applicable for the first quarterly period in which detailed footnote tagging is required.

This Amendment No. 1 does not otherwise change or update the disclosures set forth in the Form 10-Q as originally filed and does not otherwise reflect events occurring after the original filing of the Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the interactive data files contained in Exhibit 101 are not deemed filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under these sections.

Item 6. Exhibits

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
Exhibit 10.1	Amendment to Employment Agreement by and between Iconix Brand Group, Inc. and Neil Cole dated June 17, 2011*(1)  (2)
Exhibit 10.2	Restricted Stock Agreement dated June 17, 2011 between the Company and Neil Cole*(2)
Exhibit 10.3	Restricted Stock Performance Unit Agreement dated June 17, 2011 between the Company and Neil Cole*(2)
Exhibit 31.1	Certification of Chief Executive Officer Pursuant To Rule 13a-14 or 15d-14 of The Securities Exchange Act of 1934, As Adopted Pursuant To Section 302 Of The Sarbanes-Oxley Act of 2002 (2)
Exhibit 31.2	Certification of Chief Financial Officer Pursuant To Rule 13a-14 or 15d-14 of The Securities Exchange Act of 1934, As Adopted Pursuant To Section 302 Of The Sarbanes-Oxley Act of 2002 (2)
Exhibit 32.1	Certification of Chief Executive Officer Pursuant To 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 of The Sarbanes-Oxley Act of 2002 (2)
Exhibit 32.2	Certification of Chief Financial Officer Pursuant To 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 of The Sarbanes-Oxley Act of 2002 (2)

Exhibit 101.INS	XBRL Instance Document**
Exhibit 101.SCH	XBRL Schema Document**
Exhibit 101.CAL	XBRL Calculation Linkbase Document**
Exhibit 101.DEF	XBRL Definition Linkbase Document**
Exhibit 101.LAB	XBRL Label Linkbase Document**
Exhibit 101.PRE	XBRL Presentation Linkbase Document**

*	Denotes management compensation plan or arrangement.
**	Pursuant to applicable securities laws and regulations, we are deemed to have complied with the reporting obligation relating to the submission of interactive data files in such exhibits and are not subject to liability under any anti-fraud provisions of the federal securities laws as long as we have made a good faith attempt to comply with the submission requirements and promptly amend the interactive data files after becoming aware that the interactive data files fail to comply with the submission requirements. Users of this data are advised pursuant to Rule 406T of Regulation S-T that this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.
(1)	Filed as an exhibit to the Company’s Current Report on Form 8-K for the event dated June 17, 2011
(2)	Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2011.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Iconix Brand Group, Inc.
	(Registrant)
Date: August 29, 2011	/s/ Neil Cole
	Neil Cole
	Chairman of the Board, President
	and Chief Executive Officer
	(on Behalf of the Registrant)

Date: August 29, 2011	/s/ Warren Clamen
	Warren Clamen
	Executive Vice President
	and Chief Financial Officer

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data	Jun. 30, 2011	Dec. 31, 2010
Cash, restricted cash	$ 3,727	$ 3,300
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000	150,000
Common stock, shares issued	74,468	73,930
Treasury stock, shares	1,494	1,409

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Condensed Consolidated Income Statements (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Licensing and other revenue	$ 89,293	$ 76,013	$ 181,649	$ 147,717
Selling, general and administrative expenses	31,662	26,369	63,667	48,687
Expenses related to specific litigation	45	201	92	207
Operating income	57,586	49,443	117,890	98,823
Other (income) expenses
Interest expense	13,825	10,672	23,761	21,701
Interest and other income	(22,208)	(724)	(22,809)	(1,778)
Net earnings on equity investments in joint ventures	(2,517)	(1,104)	(3,138)	(2,217)
Other (income) expenses - net	(10,900)	8,844	(2,186)	17,706
Income before income taxes	68,486	40,599	120,076	81,117
Provision for income taxes	23,640	13,631	40,104	26,790
Net income	44,846	26,968	79,972	54,327
Less: Net income attributable to non-controlling interest	3,303	2,427	6,997	5,012
Net income attributable to Iconix Brand Group, Inc.	$ 41,543	$ 24,541	$ 72,975	$ 49,315
Earnings per share:
Basic	$ 0.57	$ 0.34	$ 1.00	$ 0.69
Diluted	$ 0.55	$ 0.33	$ 0.97	$ 0.66
Weighted average number of common shares outstanding:
Basic	72,962	72,169	72,865	71,855
Diluted	75,423	74,749	75,396	74,589

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2011

Reconciliation of Weighted Average Shares Used in Calculating Basic and Diluted Earnings Per Share

A reconciliation of weighted average shares used in calculating basic and diluted earnings per share follows:

	For the Three Months Ended				For the Six Months Ended
(000's omitted)	June 30, (unaudited)				June 30, (unaudited)
	2011		2010		2011		2010
Basic		72,962		72,169		72,865		71,855
Effect of exercise of stock options		1,172		1,958		1,222		1,949
Effect of contingent common stock issuance		-		-		72		176
Effect of assumed vesting of restricted stock		1,289		622		1,237		609
Diluted		75,423		74,749		75,396		74,589

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Document and Entity Information	6 Months Ended
	Jun. 30, 2011	Aug. 02, 2011
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q2
Trading Symbol	ICON
Entity Registrant Name	ICONIX BRAND GROUP, INC.
Entity Central Index Key	0000857737
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		73,189,489

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Net Revenues by Type of License and Information by Geographic Region (Detail) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Segment Reporting Information [Line Items]
Licensing and other revenue	$ 89,293	$ 76,013	$ 181,649	$ 147,717
United States
Segment Reporting Information [Line Items]
Licensing and other revenue	73,783	69,751	149,693	137,924
Other
Segment Reporting Information [Line Items]
Licensing and other revenue	15,510	6,262	31,956	9,793
Direct-to-retail license
Segment Reporting Information [Line Items]
Licensing and other revenue	38,537	38,199	81,154	76,763
Wholesale license
Segment Reporting Information [Line Items]
Licensing and other revenue	46,569	37,339	91,665	69,941
Entertainment and other
Segment Reporting Information [Line Items]
Licensing and other revenue	$ 4,187	$ 475	$ 8,830	$ 1,013

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Trademarks and Other Intangibles, Net - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended		1 Months Ended		1 Months Ended			1 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Apr. 30, 2011 Trademarks Hardy Way	Apr. 26, 2011 Hardy Way	Apr. 30, 2011 Hardy Way Licensing agreements	Jun. 30, 2010 Trademarks Peanuts Worldwide	Jun. 30, 2010 Peanuts Worldwide	Jun. 30, 2010 Peanuts Worldwide Licensing agreements
Intangible Assets by Major Class [Line Items]
Controlling interest						85.00%			80.00%
Increase in value of indefinite life trademarks					$ 96,500,000			$ 153,000,000
Increase in value of licensing agreements							1,000,000			1,100,000
Amortization expense for intangible assets	$ 1,600,000	$ 2,100,000	$ 3,639,000	$ 4,224,000

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Related Party Transactions - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended	6 Months Ended
	Feb. 28, 2011	Jun. 30, 2010	Jun. 30, 2010	Jun. 30, 2011	Dec. 31, 2010
Related Party Transaction [Line Items]
Amount owed by Candie's Foundation, a charitable foundation				$ 1,100,000	$ 900,000
Contribution received by Candie's Foundation from a licensee of the Company	300,000
Travel expenses paid to related party		$ 80,000	$ 100,000

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Stockholders' Equity

6 Months Ended

Jun. 30, 2011

Stockholders' Equity

6. Stockholders’ Equity

Public Offering

On June 9, 2009, the Company completed a public offering of common stock pursuant to a registration statement that had been declared effective by the Securities and Exchange Commission (“SEC”).  All 10,700,000 shares of common stock offered by the Company in the final prospectus were sold at $15.00 per share.  Net proceeds to the Company from the offering amounted to approximately $152.8 million.

2009 Equity Incentive Plan

On August 13, 2009, the Company's stockholders approved the Company's 2009 Equity Incentive Plan ("2009 Plan”). The 2009 Plan authorizes the granting of common stock options or other stock-based awards covering up to 3,000,000 shares of the Company’s common stock.  All employees, directors, consultants and advisors of the Company, including those of the Company's subsidiaries, are eligible to be granted non-qualified stock options and other stock-based awards (as defined) under the 2009 Plan, and employees are also eligible to be granted incentive stock options (as defined) under the 2009 Plan. No new awards may be granted under the Plan after August 13, 2019.

Stockholder Rights Plan

In January 2000, the Company's Board of Directors adopted a stockholder rights plan. Under the plan, each stockholder of common stock received a dividend of one right for each share of the Company's outstanding common stock, entitling the holder to purchase one thousandth of a share of Series A Junior Participating Preferred Stock, par value, $0.01 per share of the Company, at an initial exercise price of $6.00. The rights become exercisable and will trade separately from the common stock ten business days after any person or group acquires 15% or more of the common stock, or ten business days after any person or group announces a tender offer for 15% or more of the outstanding common stock.  This plan expired by its terms on January 26, 2010.

Stock Repurchase Program

On November 3, 2008, the Company announced that its Board of Directors had authorized the repurchase of up to $75 million of the Company's common stock over a period of approximately three years (the “Program”). The Program replaces any prior plan or authorization. The Program does not obligate the Company to repurchase any specific number of shares and may be suspended at any time at management's discretion.  During 2009, the Company repurchased 200,000 shares under the Program for approximately $1.5 million.   No shares were repurchased under the Program by the Company during the Current Six Months or during 2010.  This plan expires by its terms on October 30, 2011. 

Stock Options

The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility. Because the Company's employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management's opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options.

The fair value for these options and warrants for all years was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility		30 - 50	%
Expected Dividend Yield		0	%
Expected Life (Term)	3 - 7 years
Risk-Free Interest Rate		3.00 - 4.75	%

The options that the Company granted under its plans expire at various times, either five, seven or ten years from the date of grant, depending on the particular grant.

Summaries of the Company's stock options, warrants (other than warrants issued related to our 1.875% Convertible Notes and 2.50% Convertible Notes) and performance related options activity, and related information for the Current Quarter are as follows:

Options				Weighted-Average
	Options			Exercise Price
Outstanding January 1, 2011		2,592,535		$	4.61
Granted		15,000			22.51
Canceled		-			-
Exercised		(213,385	)		7.12
Expired/Forfeited		-			-
Outstanding June 30, 2011		2,394,150		$	4.98
Exercisable at June 30, 2011		2,392,483		$	4.98

Compensation expense related to stock option grants for both the Current Quarter and the Prior Year Quarter was $0.2 million and $0.1 million, respectively.  Compensation expense related to stock option grants for both the Current Six Months and the Prior Year Quarter was $0.2 million and $0.1 million, respectively.

Warrants

			Weighted-Average
	Warrants		Exercise Price
Outstanding January 1, 2011		253,900	$	17.01
Granted		-		-
Canceled		-		-
Exercised		-		-
Expired/Forfeited		-		-
Outstanding June 30, 2011		253,900	$	17.01
Exercisable at June 30, 2011		253,900	$	17.01

All warrants issued in connection with acquisitions are recorded at fair market value using the Black-Scholes model and are recorded as part of purchase accounting. Certain warrants are exercised using the cashless method.

The Company values other warrants issued to non-employees at the commitment date at the fair market value of the instruments issued, a measure which is more readily available than the fair market value of services rendered, using the Black-Scholes model. The fair market value of the instruments issued is expensed over the vesting period.

Restricted stock

Compensation cost for restricted stock is measured as the excess, if any, of the quoted market price of the Company’s stock at the date the common stock is issued over the amount the employee must pay to acquire the stock (which is generally zero). The compensation cost, net of projected forfeitures, is recognized over the period between the issue date and the date any restrictions lapse, with compensation cost for grants with a graded vesting schedule recognized on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was, in substance, multiple awards. The restrictions do not affect voting and dividend rights.

The following tables summarize information about unvested restricted stock transactions:

				Weighted-Average
	Shares			Grant Date Fair Value
Non-vested, January 1, 2011		1,442,610		$	15.34
Granted		325,490			21.87
Vested		(180,586	)		17.75
Forfeited/Canceled		-			-
Non-vested, June 30, 2011		1,587,514		$	16.40

Compensation expense related to restricted stock grants for the Current Quarter and the Prior Year Quarter was approximately $2.5 million and $2.3 million, respectively. Compensation expense related to restricted stock grants for the Current Six Months and the Prior Year Six Months was approximately $4.8 million and $4.5 million, respectively.  An additional amount of $17.6 million is expected to be expensed evenly over a period of approximately four years. During the Current Quarter and the Prior Year Quarter, the Company withheld shares valued at $0.4 million, and $0.5 million, respectively, of its restricted common stock in connection with net share settlement of restricted stock grants and option exercises.   During the Current Six Months and the Prior Year Six Months, the Company withheld shares valued at $2.2 million, and $0.5 million, respectively, of its restricted common stock in connection with net share settlement of restricted stock grants and option exercises.

Shares Reserved for Issuance

At June 30, 2011, 364,234 common shares were reserved for issuance under the 2009 Plan.   At June 30, 2011 there were no common shares available for issuance under the Company’s 2006, 2002, 2001, and 2000 Stock Option Plans.

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Investments and Joint Ventures - Additional Information (Detail) (USD $)	6 Months Ended				1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended			1 Months Ended							1 Months Ended		1 Months Ended					1 Months Ended		12 Months Ended	1 Months Ended				1 Months Ended		6 Months Ended		1 Months Ended					6 Months Ended			1 Months Ended	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010	Nov. 07, 2007 Scion Artful Dodger	Mar. 31, 2009 Scion Variable Interest Entity, Not Primary Beneficiary Cost method of accounting	Jun. 30, 2011 Scion Variable Interest Entity, Not Primary Beneficiary Cost method of accounting	Jun. 30, 2010 Scion Variable Interest Entity, Not Primary Beneficiary Cost method of accounting	Jun. 30, 2011 Scion Variable Interest Entity, Not Primary Beneficiary Cost method of accounting	Jun. 30, 2010 Scion Variable Interest Entity, Not Primary Beneficiary Cost method of accounting	Dec. 31, 2010 Scion Variable Interest Entity, Not Primary Beneficiary Cost method of accounting	Jun. 30, 2011 Scion Cost method of accounting	Dec. 31, 2010 Scion Cost method of accounting	Mar. 31, 2009 Parent Company Variable Interest Entity, Not Primary Beneficiary Cost method of accounting	Sep. 30, 2008 Parent Company Equity method of accounting	May 31, 2011 Novel Equity method of accounting	Jul. 31, 2010 Novel Equity method of accounting	Sep. 30, 2008 Novel Equity method of accounting	Jun. 30, 2011 Novel Equity method of accounting	Sep. 30, 2009 Novel Equity method of accounting	Dec. 29, 2008 Iconix Latin America Equity method of accounting	Jun. 30, 2011 Iconix Latin America Equity method of accounting	Oct. 31, 2009 Licensing agreements IPH Unltd Ecko Assets Year	Oct. 31, 2009 IPH Unltd	Jun. 30, 2011 IPH Unltd	Dec. 31, 2010 IPH Unltd	Oct. 31, 2009 IPH Unltd Ecko Assets	Jan. 31, 2011 Iconix Europe Equity method of accounting	Dec. 31, 2009 Iconix Europe Equity method of accounting	Dec. 31, 2009 Iconix Europe Equity method of accounting	Jun. 03, 2010 Peanuts Worldwide Icon Entertainment LLC	Jun. 03, 2010 Peanuts Worldwide Beagle Scout LLC	Jun. 30, 2011 Peanuts Worldwide Beagle Scout LLC Other assets - current	Jun. 30, 2011 Peanuts Worldwide Beagle Scout LLC Other assets - non-current	Apr. 26, 2011 Hardy Way	May 31, 2009 Hardy Way Equity method of accounting	Jun. 30, 2011 Hardy Way Equity method of accounting	Apr. 26, 2011 Hardy Way Equity method of accounting Year	Mar. 31, 2011 MG Icon Equity method of accounting	Mar. 31, 2010 MG Icon Equity method of accounting	Jun. 30, 2011 MG Icon Equity method of accounting	Jun. 30, 2011 MG Icon Equity method of accounting Other current liabilities	Jun. 30, 2011 MG Icon Equity method of accounting Other liabilities	Jun. 30, 2011 MG Icon Equity method of accounting Minimum	Jun. 30, 2010 Peanuts Worldwide	Jun. 03, 2010 Peanuts Worldwide	Jun. 03, 2010 Peanuts Worldwide Licensing agreements Year	Jun. 30, 2011 Licensing agreements Year
Schedule of Investments [Line Items]
Controlling interest					16.60%																									80.00%				85.00%	50.00%		85.00%		50.00%					80.00%
Business acquisition total purchase price				$ 15,000,000																															$ 17,000,000				$ 20,000,000
Consideration paid to acquire interest in licensees					1
Business acquisition purchase price, cash paid																														172,100,000					9,000,000
Acquisition of interest in MG Icon		4,000,000																																				4,000,000	4,000,000
Business acquisition purchase price, common stock issued, shares																																			588,688
Business acquisition remaining amount owed to Purim																																								12,000,000	4,000,000	8,000,000
Business acquisition purchase price, common stock issued, value																																			8,000,000
Business acquisition additional common stock issued, value																																			1,000,000
Percentage of minority interest in subsidiary																							49.00%								20.00%
Contribution made to investment													2,100,000	2,000,000	3,000,000	4,000,000	8,000,000						63,500,000							141,000,000	34,000,000			62,000,000
Percentage of interest in joint venture after transaction																							51.00%
Cash payment for acquisition of assets																																		55,000,000
Future contribution to be made to investment year one																		2,000,000
Indebtedness of joint venture																							90,000,000
Cash entitled to be received by sellers upon the achievement of earn-out																																		7,000,000
Cash collateral deposited under the terms of the entity's financing agreements					4,100,000
Cash collateral released and distributed to the Scion members										3,300,000
Remaining cash collateral, restricted cash	3,727,000	3,009,000	3,300,000							800,000
Dividend from investment in licensee						0	500,000	0	600,000
Consolidated assets that are collateral for variable interest entity's obligations											12,100,000	12,600,000
Committed contribution to joint venture														5,000,000			20,000,000		9,000,000
Percentage of interest sold in equity method investment																				50.00%								50.00%	50.00%
Agreed price for sale of interest in a subsidiary																				6,000,000								4,000,000	4,000,000
Payment received upon sale interest in subsidiary																				1,000,000							1,000,000	3,000,000
Remaining receivable from sale of 50% interest in Iconix Latin America																				5,000,000	500,000
Gain on sale of interest in subsidiary																													7,000,000
Remaining receivable from sale of 50% interest in Iconix Latin America, payable in installment one																					500,000
Prepaid royalties																																					7,000,000
Guaranteed minimum royalties, number of years																																					2
Gain on re-measurement of equity investment	21,465,000																																			21,465,000
Goodwill deductible for income tax purposes																										700,000											18,800,000								17,700,000
Minimum amortization contractual period of licensing contracts																						1																								1	1
Maximum amortization contractual period of licensing contracts																						9																								5	9
Consolidated assets that are collateral for variable interest entity's obligations																								208,400,000	209,100,000
Preferred profit distribution																																											20,000,000
Notes loaned to subsidiary																															17,500,000	2,200,000	13,100,000
Notes receivable, annual interest rate																															6.00%
Notes receivable, minimum principal annual installments																															$ 2,200,000
Notes receivable, maturity date																															Jun. 03, 2015

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Earnings Per Share - Additional Information (Detail) In Millions	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares related to restricted stock-based awards, stock options and warrants	0	1.6

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Stockholders' Equity - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended	6 Months Ended			1 Months Ended		1 Months Ended	12 Months Ended	3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended
	Jun. 09, 2009	Jun. 30, 2011 Year	Jun. 30, 2011 Stock Incentive Plan 2009	Aug. 13, 2009 Stock Incentive Plan 2009	Jan. 31, 2000 Stockholder Rights Plan	Jan. 31, 2000 Stockholder Rights Plan Series A Junior Participating Preferred Stock	Nov. 03, 2008 Stock Repurchase Program Year	Dec. 31, 2009 Stock Repurchase Program	Jun. 30, 2011 Stock Options	Jun. 30, 2010 Stock Options	Jun. 30, 2011 Stock Options	Jun. 30, 2010 Stock Options	Jun. 30, 2011 Restricted Stock Year	Jun. 30, 2010 Restricted Stock	Jun. 30, 2011 Restricted Stock	Jun. 30, 2010 Restricted Stock	Jun. 30, 2011 Minimum Year	Jun. 30, 2011 Maximum Year
Class of Stock [Line Items]
Common stock offered, shares	10,700,000
Common stock offered, price per share	$ 15
Net proceeds from offering of common stock	$ 152.8
Terms of stockholder rights plan					In January 2000, the Company's Board of Directors adopted a stockholder rights plan. Under the plan, each stockholder of common stock received a dividend of one right for each share of the Company's outstanding common stock, entitling the holder to purchase one thousandth of a share of Series A Junior Participating Preferred Stock, par value, $0.01 per share of the Company, at an initial exercise price of $6.00. The rights become exercisable and will trade separately from the common stock ten business days after any person or group acquires 15% or more of the common stock, or ten business days after any person or group announces a tender offer for 15% or more of the outstanding common stock. This plan expired by its terms on January 26, 2010.
Number of common stock shares authorized under Company's 2009 Equity Incentive Plan				3,000,000
Minimum percentage of acquisition of common stock to get the rights exercisable					15.00%
Minimum tender offer percentage of outstanding common stock to exercise right					15.00%
Plan expiration date			August 13,2019		January 26, 2010
Stockholders right to purchase series A preferred stock for each share of common stock						1,000
Series A Junior Participating Preferred Stock, par value						$ 0.01
Series A Junior Participating Preferred Stock, initial exercise price						$ 6.00
Repurchase of common stock authorized value							75
Period of common stock repurchase, years							3
Repurchase of common stock, shares								200,000
Repurchase of common stock, value								1.5
Expiration of repurchase plan								Oct. 30, 2011
Options grant, expected life		7															5	10
Compensation expense related to stock grants									0.2	0.1	0.2	0.1	2.5	2.3	4.8	4.5
Expected compensation expense related to restricted stock grants													17.6		17.6
Expected compensation expense recognition period, years													4
Shares withheld													$ 0.4	$ 0.5	$ 2.2	$ 0.5
Common shares reserved for issuance			364,234

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Trademarks and Other Intangibles, Net (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2011 Year	Dec. 31, 2010
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	$ 1,531,696	$ 1,434,004
Accumulated Amortization	37,093	33,454
Trademarks
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	19,579	19,579
Accumulated Amortization	5,896	5,169
Estimated Lives in Years, minimum	10
Estimated Lives in Years, maximum	15
Non-compete agreements
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	10,475	10,475
Accumulated Amortization	9,772	9,092
Estimated Lives in Years, minimum	2
Estimated Lives in Years, maximum	15
Licensing agreements
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	31,103	30,103
Accumulated Amortization	20,855	18,640
Estimated Lives in Years, minimum	1
Estimated Lives in Years, maximum	9
Domain names
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	570	570
Accumulated Amortization	570	553
Estimated Lives in Years	5
Indefinite life trademarks and copyrights
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	1,469,969	1,373,277
Accumulated Amortization

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Segment and Geographic Data

6 Months Ended

Jun. 30, 2011

Segment and Geographic Data

11.   Segment and Geographic Data

The Company has one reportable segment, licensing and commission revenue generated from its brands. The geographic regions consist of the United States and Other (which principally represents Canada, Japan and Europe). Long lived assets are substantially all located in the United States. Revenues attributed to each region are based on the location in which licensees are located.

The net revenues by type of license and information by geographic region are as follows:

	For the three months ended				For the six months ended
(000's omitted)	June 30, (unaudited)				June 30, (unaudited)
	2011		2010		2011		2010
Revenues by product line:
Direct-to-retail license	$	38,537	$	38,199	$	81,154	$	76,763
Wholesale license		46,569		37,339		91,665		69,941
Entertainment and other		4,187		475		8,830		1,013
	$	89,293	$	76,013	$	181,649	$	147,717
Revenues by geographic region:
United States	$	73,783	$	69,751	$	149,693	$	137,924
Other		15,510		6,262		31,956		9,793
	$	89,293	$	76,013	$	181,649	$	147,717

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Trademarks and Other Intangibles, net

6 Months Ended

Jun. 30, 2011

Trademarks and Other Intangibles, net

2.  Trademarks and Other Intangibles, net

Trademarks and other intangibles, net consist of the following:

		June 30, 2011				December 31, 2010
	Estimated	Gross				Gross
	Lives in	Carrying		Accumulated		Carrying		Accumulated
(000's omitted)	Years	Amount		Amortization		Amount		Amortization
Indefinite life trademarks and copyrights	Indefinite	$	1,469,969	$	-	$	1,373,277	$	-
Definite life trademarks	10-15		19,579		5,896		19,579		5,169
Non-compete agreements	2-15		10,475		9,772		10,475		9,092
Licensing agreements	1-9		31,103		20,855		30,103		18,640
Domain names	5		570		570		570		553
		$	1,531,696	$	37,093	$	1,434,004	$	33,454

In April 2011, the Company completed a transaction in which Hardy Way acquired substantially all of the licensing rights to the Ed Hardy brands and trademarks from its licensee.  Also, as part of this transaction, the Company increased its ownership interest in Hardy Way to an 85% controlling interest.  In accordance with ASC Topic 810, as of April 2011 the assets and liabilities and results of operations of Hardy Way have been consolidated with the Company.  As a result of this transaction, the Company increased its indefinite life trademarks by $96.5 million and its licensing agreements by $1.0 million.  See note 3 for further explanation of this transaction.

In June 2010, the Company completed a transaction in which it acquired an 80% controlling interest in Peanuts Worldwide, owner of the Peanuts portfolio of brands and related assets, through its wholly-owned subsidiary, Icon Entertainment LLC.  As a result of this transaction, the Company increased its indefinite life trademarks by $153.0 million and its licensing agreements by $1.1 million.  See note 3 for further explanation of this transaction.

Amortization expense for intangible assets for the Current Quarter and the three months ended June 30, 2010 (“Prior Year Quarter”) was $1.6 million and $2.1 million, respectively, and $3.6 million and $4.2 million for the Current Six Months and the six months ended June 30, 2010 (“Prior Year Six Months”), respectively. The trademarks of Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific, Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko, Zoo York, Peanuts and Ed Hardy have been determined to have an indefinite useful life and accordingly, consistent with ASC Topic 350, no amortization has been recorded in the Company's unaudited condensed consolidated income statements. Instead, each of these intangible assets are tested for impairment at least annually on an individual basis as separate single units of accounting, with any related impairment charge recorded to the statement of operations at the time of determining such impairment.  Similarly, consistent with ASC Topic 360, there was no impairment of the definite-lived trademarks.

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Details of 1.875% Convertible Notes Reflected on Unaudited Condensed Consolidated Balance Sheet (Detail) (1.875% Convertible Notes, USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
1.875% Convertible Notes
Debt Instrument [Line Items]
Equity component carrying amount	$ 41,309	$ 41,309
Unamortized discount	17,091	24,784
Net debt carrying amount	$ 270,409	$ 262,716

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Expenses Related to Specific Litigation

6 Months Ended

Jun. 30, 2011

Expenses Related to Specific Litigation

8.  Expenses Related to Specific Litigation

Expenses related to specific litigation consist of legal expenses and costs related to the Unzipped litigation (See Note 9). For the Current Quarter the Company recorded an expense related to specific litigation of less than $0.1 million, as compared to $0.2 million in the Prior Year Quarter.   For the Current Six Months the Company recorded a benefit related to specific litigation of $0.1 million, as compared to $0.2 million in the Prior Year Six Months.  See Note 9 for detail on this litigation.

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Trademarks and Other Intangibles, net (Tables)

6 Months Ended

Jun. 30, 2011

Trademarks and Other Intangibles, Net

Trademarks and other intangibles, net consist of the following:

		June 30, 2011				December 31, 2010
	Estimated	Gross				Gross
	Lives in	Carrying		Accumulated		Carrying		Accumulated
(000's omitted)	Years	Amount		Amortization		Amount		Amortization
Indefinite life trademarks and copyrights	Indefinite	$	1,469,969	$	-	$	1,373,277	$	-
Definite life trademarks	10-15		19,579		5,896		19,579		5,169
Non-compete agreements	2-15		10,475		9,772		10,475		9,092
Licensing agreements	1-9		31,103		20,855		30,103		18,640
Domain names	5		570		570		570		553
		$	1,531,696	$	37,093	$	1,434,004	$	33,454

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2011

Commitments and Contingencies

9.  Commitments and Contingencies

Sweet Sportswear/Unzipped litigation

On December 10, 2010, the Court entered a final judgment (the “Judgment”) in connection with the lawsuit filed by the Company in the Superior Court of California, Los Angeles County against Unzipped Apparel LLC’s (“Unzipped”) former manager, supplier and distributor, Sweet Sportswear, LLC, Azteca Productions International, Inc. Apparel Distribution Services, LLC, and Hubert Guez, a principal of these entities and former member of the Company’s board of directors (collectively referred to as the “Guez defendants”).  In summary, the Judgment against the Guez defendants was for a combined liability to the Company of approximately $50 million, exclusive of amounts owed as pre or post-judgment interest at the annual rate of 10% simple interest.  The Judgment also dismissed all claims brought by the Guez defendants against the Company, its subsidiaries (Michael Caruso & Co., Inc. and Unzipped), and its Chairman of the Board and Chief Executive Officer, Neil Cole. In connection with the entry of the Judgment, the Company recognized a gross gain of $26.0 million (gross of attorney’s fees and other related expenses of $10.3 million), of which $16.7 million was secured by the Sureties, with the remainder secured by assets owned by the Guez defendants.

In February 2011, the Company entered into a settlement agreement with certain persons (the “Sureties”) that had secured a portion of the Judgment, pursuant to which the Sureties paid the Company $13 million in February 2011 and paid an additional $3.7 million in   April 2011 in full satisfaction of their obligations to the Company.  The amounts paid by the Sureties reduced the obligations of certain of the Guez defendants (ADS and Hubert Guez) under the Judgments.

On April 26, 2011, the Company entered into an agreement settling a lawsuit filed by the Company in the Superior Court of California, Los Angeles County against the Guez Defendants, pursuant to which the Guez Defendants and certain sureties paid the Company an aggregate of $27.7 million (including an aggregate of $16.7 million previously paid in February and April 2011) in full satisfaction of their obligations to the Company (see note 3).

Normal Course litigation

From time to time, the Company is also made a party to litigation incurred in the normal course of business. While any litigation has an element of uncertainty, the Company believes that the final outcome of any of these routine matters will not have a material effect on the Company’s financial position or future liquidity.

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Components of Company's Debt (Detail) (USD $) In Thousands	Jun. 30, 2011		Dec. 31, 2010
Debt Instrument [Line Items]
Long term debt	$ 640,672		$ 584,387
2.50% Convertible Notes
Debt Instrument [Line Items]
Long term debt	237,521	[1]
1.875% Convertible Notes
Debt Instrument [Line Items]
Long term debt	270,409	[2]	262,716
Ecko Note
Debt Instrument [Line Items]
Long term debt	75,000		80,000
Asset-Backed Notes
Debt Instrument [Line Items]
Long term debt	57,742		70,650
Term Loan Facility
Debt Instrument [Line Items]
Long term debt			$ 171,021

[1] Reflects the net debt carrying amount of the 2.50% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes. The principal amount owed to the holders of the Convertible Notes is $300.0 million.

[2] Reflects the net debt carrying amount of the 1.875% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes. The principal amount owed to the holders of the Convertible Notes is $287.5 million.

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Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

7.  Earnings Per Share

Basic earnings per share includes no dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect, in periods in which they have a dilutive effect, the effect of restricted stock-based awards and common shares issuable upon exercise of stock options and warrants. The difference between basic and diluted weighted-average common shares results from the assumption that all dilutive stock options outstanding were exercised and all convertible notes have been converted into common stock.

As of June 30, 2011, of the total potentially dilutive shares related to restricted stock-based awards, stock options and warrants, zero were anti-dilutive, compared to 1.6 million as of June 30, 2010.

As of June 30, 2011, none of the performance related restricted stock-based awards issued in connection with the Company’s employment agreement with its chairman, chief executive officer and president were anti-dilutive.

Warrants issued in connection with the Company’s 2.50% Convertible Notes financing and 1.875% Convertible Notes financing were anti-dilutive and therefore not included in this calculation. Portions of the 2.50% Convertible Notes and 1.875% Convertible Notes that would be subject to conversion to common stock were anti-dilutive as of June 30, 2011 and therefore not included in this calculation.

A reconciliation of weighted average shares used in calculating basic and diluted earnings per share follows:

	For the Three Months Ended				For the Six Months Ended
(000's omitted)	June 30, (unaudited)				June 30, (unaudited)
	2011		2010		2011		2010
Basic		72,962		72,169		72,865		71,855
Effect of exercise of stock options		1,172		1,958		1,222		1,949
Effect of contingent common stock issuance		-		-		72		176
Effect of assumed vesting of restricted stock		1,289		622		1,237		609
Diluted		75,423		74,749		75,396		74,589

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net income	$ 79,972	$ 54,327
Depreciation of property and equipment	1,203	644
Amortization of trademarks and other intangibles	3,639	4,224
Amortization of deferred financing costs	3,769	1,142
Amortization of convertible note discount	8,868	7,345
Stock-based compensation expense	4,946	4,632
Gain on re-measurement of equity investment	(21,465)
Provision for doubtful accounts	883	1,983
Accrued interest on long-term debt	1,944	1,930
Net earnings on equity investments in joint ventures	(3,138)	(2,217)
Realization of cash flow hedge		134
Deferred income taxes	16,679	7,464
Changes in operating assets and liabilities, net of business acquisitions:
Accounts receivable	(1,214)	1,639
Other assets - current	12,997	(3,253)
Other assets	14,075	3,869
Deferred revenue	4,216	(7,546)
Accounts payable and accrued expenses	(13,070)	6,170
Net cash provided by operating activities	114,304	82,487
Cash flows used in investing activities:
Purchases of property and equipment	(2,441)	(649)
Acquisition of interest in MG Icon		(4,000)
Payment of expenses related to acquisitions		(1,160)
Net distributions (to) from equity partners	(3,855)	1,919
Earn-out payment on acquisition		(799)
Net cash used in investing activities	(68,372)	(176,761)
Cash flows used in financing activities:
Proceeds from long-term debt	292,500
Proceeds from sale of warrants	28,800
Purchase of convertible note hedges	(58,740)
Deferred financing costs	(740)
Proceeds from exercise of stock options and warrants	1,519	700
Shares repurchased on vesting of restricted stock and exercise of stock options	(2,447)	(498)
Payment of long-term debt	(190,312)	(64,051)
Acquisition of interest in MG Icon	(4,000)
Non-controlling interest contribution		16,500
Excess tax benefit from share-based payment arrangements	910	315
Restricted cash - current	(427)	3,154
Net cash provided by (used in) financing activities	67,063	(43,880)
Net (increase) decrease in cash and cash equivalents	112,995	(138,154)
Cash, beginning of period	118,635	195,381
Cash, end of period	231,630	57,227
Balance of restricted cash - current	3,727	3,009
Total cash including current restricted cash, end of period	235,357	60,236
Cash paid during the period:
Income taxes	15,002	12,491
Interest	11,222	10,839
Acquisitions:
Common stock issued	3,210	9,689
Trademarks
Cash flows used in investing activities:
Acquisition of intangible assets	(76)	(18)
Hardy Way
Cash flows used in investing activities:
Acquisition of interest	(62,000)
Peanuts Worldwide
Cash flows used in investing activities:
Acquisition of interest		$ (172,054)

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Investments and Joint Ventures

6 Months Ended

Jun. 30, 2011

Investments and Joint Ventures

3.  Investments and Joint Ventures

Scion

Scion is a brand management and licensing company formed by the Company with Shawn “Jay-Z” Carter in March 2007 to buy, create and develop brands across a spectrum of consumer product categories. On November 7, 2007, Scion, through its wholly-owned subsidiary Artful Holdings LLC (“Artful Holdings”), purchased Artful Dodger, an urban apparel brand for a purchase price of $15.0 million.

At inception, the Company determined that it would consolidate Scion since, under ASC Topic 810 “Consolidation”, it is the primary beneficiary of the variable interest entity.

In March 2009, the Company effectively acquired a 16.6% interest in one of its licensees for $1. The Company has determined that this entity is a variable interest entity as defined by ASC Topic 810.  However, the Company is not the primary beneficiary.  The investment in this entity is accounted for under the cost method of accounting.  As part of the transaction, the Company and its Scion partner each contributed approximately $2.1 million to Scion, totaling approximately $4.1 million, which was deposited as cash collateral under the terms of the entity’s financing agreements.  During 2010, approximately $3.3 million of the collateral was released to Scion and distributed to the Scion members equally. The remaining $0.8 million of cash collateral, which is owned by Scion, is included as short-term restricted cash in the Company’s balance sheet.  During the Current Quarter and Prior Year Quarter, the Company received and recognized zero and $0.5 million in dividends, respectively, from its investment in this licensee which is included in interest and other income in the unaudited condensed consolidated income statement.  During the Current Six Months and Prior Year Six Months, the Company received and recognized zero and $0.6 million in dividends, respectively.

In December 2007, the FASB issued guidance under ASC Topic 810 regarding non-controlling interests in consolidated financial statements. This guidance requires the recognition of a non-controlling interest as equity in the consolidated financial statements and separate from the parent’s equity.  As such, in accordance with ASC Topic 810, the Company recognizes the non-controlling interest of Scion as equity in the consolidated financial statements and separate from the parent’s equity.

As of June 30, 2011 and December 31, 2010, the carrying value of the consolidated assets that are collateral for the variable interest entity’s obligations total $12.1 million and $12.6 million, respectively, which is comprised of the Artful Dodger trademark.

Iconix China

In September 2008, the Company and Novel Fashions Holdings Limited (“Novel”) formed a joint venture (“Iconix China”) to develop and market the Company's brands in the People’s Republic of China, Hong Kong, Macau and Taiwan (the “China Territory”). Pursuant to the terms of this transaction, the Company contributed to Iconix China substantially all rights to its brands in the China Territory and committed to contribute $5.0 million, and Novel committed to contribute $20 million. Upon closing of the transaction, the Company contributed $2.0 million and Novel contributed $8.0 million. In September 2009, the parties amended the terms of the transaction to eliminate the obligation of the Company to make any additional contributions and to reduce Novel’s remaining contribution commitment to $9.0 million, $4.0 million of which was contributed in July 2010, $3.0 million of which was contributed in May 2011, and the remaining $2.0 million of which is payable on or prior to June 1, 2012, subject to reduction by mutual agreement of the parties.

At inception, the Company determined that, in accordance with ASC Topic 810, based on the corporate structure, voting rights and contributions of the Company and Novel, Iconix China is a variable interest entity and not subject to consolidation, as, under ASC Topic 810, the Company is not the primary beneficiary of Iconix China.  The Company has recorded its investment under the equity method of accounting.

Iconix Latin America

In December 2008, the Company contributed substantially all rights to its brands in Mexico, Central America, South America, and the Caribbean (the “Latin America Territory”) to Iconix Latin America LLC (“Iconix Latin America”), a then newly formed subsidiary of the Company.  On December 29, 2008, New Brands America LLC (“New Brands”), an affiliate of the Falic Group, purchased a 50% interest in Iconix Latin America.  In consideration for its 50% interest in Iconix Latin America, New Brands agreed to pay $6.0 million to the Company.  New Brands paid $1.0 million upon closing of this transaction and has committed to pay an additional $5.0 million over the 30-month period following closing.  As of June 30, 2011, the balance owed to the Company under this obligation is $0.5 million, due in full on September 30, 2011, which is included in the unaudited condensed consolidated balance sheet in other assets – current.

Based on the corporate structure, voting rights and contributions of the Company and New Brands, Iconix Latin America is not subject to consolidation.  This conclusion was based on the Company’s determination that the entity met the criteria to be considered a “business,” and therefore was not subject to consolidation due to the “business scope exception” of ASC Topic 810. As such, the Company has recorded its investment under the equity method of accounting.

Hardy Way

In May 2009, the Company acquired a 50% interest in Hardy Way LLC (“Hardy Way”), the owner of the Ed Hardy brands and trademarks, for $17.0 million, comprised of $9.0 million in cash and 588,688 shares of the Company’s common stock valued at $8.0 million.  In addition, the sellers of the 50% interest received an additional $1.0 million in shares of the Company’s common stock pursuant to an earn-out based on royalties received by Hardy Way for 2009. 

On April 26, 2011, Hardy Way acquired substantially all of the licensing rights to the Ed Hardy brands and trademarks from its licensee, Nervous Tattoo, Inc. (“NT”) pursuant to an Asset Purchase Agreement (the “APA”) by and among Hardy Way, NT and Audigier Brand Management Group, LLC (“ABMG,” and together with NT, the “Sellers”).  Immediately prior to the closing of the transactions contemplated by the APA, the Company contributed $62.0 million to Hardy Way, thereby increasing the Company’s ownership interests in Hardy Way from 50% to 85% of the outstanding membership interests.  Hardy Way paid $55.0 million in cash for the assets described above.  In addition, the Sellers may be entitled to receive up to an additional $7.0 million in cash pursuant to an earn-out based on royalties received by Hardy Way through June 30, 2013, which Hardy Way prepaid to the Sellers in an escrow account which will be returned to Hardy Way if the threshold for the earn-out is not met.  The Company has accounted for this contingent consideration in accordance with ASC Topic 805.  Further, as part of this transaction, the Sellers, as a licensee of Hardy Way for various men’s and women’s apparel categories, prepaid royalties to Hardy Way in the amount of $7.0 million, representing guaranteed minimum royalties for two years.

Also on April 26, 2011, the Company entered into an agreement settling a lawsuit filed by the Company against certain affiliates of the Sellers (specifically, the Guez Defendants; see note 9).

Prior to the April 26, 2011 transaction described above, based on the corporate structure, voting rights and contributions of the Company and Hardy Way, Hardy Way was not subject to consolidation.  This conclusion was based on the Company’s determination that the entity met the criteria to be considered a “business,” and therefore was not subject to consolidation due to the “business scope exception” of ASC Topic 810. As such, the Company had recorded its investment under the equity method of accounting.

In accordance with ASC Topic 805 “Business Combinations”, on April 26, 2011 the Company recorded a non-cash pre-tax re-measurement gain of approximately $21.5 million, representing the increase in the fair value of its original 50% investment in Hardy Way as a result of this transaction.  The re-measurement gain is included in interest and other income on the Company’s unaudited condensed consolidated income statement.  As of the date of this transaction and in accordance with ASC Topic 810, due to the Company’s now 85% controlling interest, Hardy Way is subject to consolidation with the Company, which is reflected in the Company’s financial statements as of June 30, 2011.

In accordance with ASC Topic 810, the Company recognizes the non-controlling interest of Hardy Way as equity in the consolidated financial statements and separate from the parent’s equity.

The Ed Hardy trademarks have been determined by management to have an indefinite useful life and accordingly, consistent with ASC Topic 350, no amortization is being recorded in the Company’s consolidated income statements. The goodwill and trademarks are subject to a test for impairment on an annual basis.  The $18.8 million of goodwill resulting from this transaction is deductible for income tax purposes.  

IPH Unltd

In October 2009, the Company consummated, through a newly formed subsidiary, IPH Unltd, a transaction with the sellers of the Ecko portfolio of brands, including Ecko and Zoo York (the “Ecko Assets”), pursuant to which the sellers sold and/or contributed the Ecko Assets to IPH Unltd joint venture in exchange for a 49% membership interest in IPH Unltd and $63.5 million in cash which had been contributed to IPH Unltd by the Company.  As a result of this transaction, the Company owns a 51% controlling membership interest in IPH Unltd.  In addition, IPH Unltd borrowed $90.0 million from a third party to repay certain indebtedness of the sellers. 

ASC Topic 810 affirms that consolidation is appropriate when one entity has a controlling financial interest in another entity. The Company owns a 51% membership interest in IPH Unltd compared to the minority owner’s 49% membership interest. Further, the Company believes that the voting and veto rights of the minority shareholder are merely protective in nature and do not provide them with substantive participating rights in IPH Unltd.  As such, IPH Unltd is subject to consolidation with the Company, which is reflected in the unaudited condensed consolidated financial statements.

In accordance with ASC Topic 810, the Company recognizes the non-controlling interest of IPH Unltd as equity in the consolidated financial statements and separate from the parent’s equity. 

The Ecko and Zoo York trademarks have been determined by management to have an indefinite useful life and accordingly, consistent with ASC Topic 350, no amortization is being recorded in the Company’s unaudited condensed consolidated income statements. The goodwill and trademarks are subject to a test for impairment on an annual basis. The $0.7 million of goodwill is deductible for income tax purposes.  The licensing contracts are being amortized on a straight-line basis over the remaining contractual periods of approximately 1 to 9 years.

As of June 30, 2011 and December 31, 2010, the carrying value of the consolidated assets that are collateral for the variable interest entity’s obligations total $208.4 million and $209.1 million, which is comprised primarily of trademarks and license agreements. The assets of the Company are not available to the variable interest entity's creditors.

On July 27, 2011 the Company, through its newly formed wholly owned subsidiary ZY Holdings LLC (“ZY Holdings”), acquired the Zoo York trademark and related assets from IPH Unltd.  See note 12 for further details on this transaction.

Iconix Europe

In December 2009, the Company contributed substantially all rights to its brands in the European Territory (defined as all member states and candidate states of the European Union and certain other European countries) to Iconix Europe LLC, a newly formed wholly-owned subsidiary of the Company (“Iconix Europe”).  Also in December 2009 and shortly after the formation of Iconix Europe, an investment group led by The Licensing Company and Albion Equity Partners LLC purchased a 50% interest in Iconix Europe through Brand Investments Vehicles Group 3 Limited (“BIV”), to assist the Company in developing, exploiting, marketing and licensing the Company's brands in the European Territory.  In consideration for its 50% interest in Iconix Europe, BIV agreed to pay $4.0 million, of which $3.0 million was paid upon closing of this transaction in December 2009, the remaining $1.0 million of which was paid in January 2011.  As a result of this transaction, the Company recognized a gain of approximately $7.0 million for the year ended December 31, 2009 (“2009”). 

At inception, the Company determined, in accordance with ASC 810, based on the corporate structure, voting rights and contributions of the Company and BIV, that Iconix Europe is not a variable interest entity and not subject to consolidation.  The Company has recorded its investment under the equity method of accounting.

MG Icon

In March 2010, the Company acquired a 50% interest in MG Icon, the owner of the Material Girl brands and trademarks and other rights associated with the artist, performer and celebrity known as "Madonna", from Purim LLC (“Purim”) for $20.0 million, $4.0 million of which was paid at closing and another $4.0 million of which was paid in March 2011.  As of June 30, 2011, of the remaining $12.0 million owed to Purim, $4.0 million is included in other current liabilities and $8.0 million is included in other liabilities. In addition, Purim may be entitled to receive additional consideration based on certain qualitative criteria.

At inception, the Company determined, in accordance with ASC Topic 810, based on the corporate structure, voting rights and contributions of the Company and Purim, MG Icon is a variable interest entity and not subject to consolidation, as, under ASC Topic 810, the Company is not the primary beneficiary of MG Icon.  The Company has recorded its investment under the equity method of accounting.

Pursuant to the terms of the MG Icon operating agreement and subject to certain conditions, the Company is entitled to recognize a preferred profit distribution from MG Icon of at least $20.0 million, after which all profits and losses are recognized 50/50 in accordance with each principal’s membership interest percentage.

Peanuts Holdings

On June 3, 2010 (the “Closing Date”), the Company consummated its interest purchase agreement (the “Purchase Agreement”) with United Feature Syndicate, Inc (“UFS”) and The E.W. Scripps Company (the “Parent”) (Parent and UFS, collectively, the “Sellers”) and purchased all of the issued and outstanding interests (“Interests”) of Peanuts Worldwide LLC, a newly formed Delaware limited liability company (“Peanuts Worldwide”), to which, prior to the closing of this acquisition, the Peanuts brand and related assets and certain other assets  were contributed by UFS.  On the Closing Date, the Company also assigned its right to buy all of the Interests to Peanuts Holdings LLC (“Peanuts Holdings”), a newly formed Delaware limited liability company and joint venture owned 80% by Icon Entertainment LLC (“IE”), a wholly-owned subsidiary of the Company, and 20% by Beagle Scout LLC, a Delaware limited liability company (“Beagle”) owned by certain Schulz family trusts.

Further, on the Closing Date, IE and Beagle entered into an operating agreement with respect to Peanuts Holdings (the “Operating Agreement”).  Pursuant to the Operating Agreement, the Company, through IE, and Beagle made capital contributions of $141.0 million and $34.0 million, respectively, in connection with the acquisition of Peanuts Worldwide.  The Interests were then purchased for $172.1 million in cash, as adjusted for acquired working capital.

In connection with the Operating Agreement, the Company through IE, loaned $17.5 million to Beagle (the “Beagle Note”), the proceeds of which were used to fund Beagle’s capital contribution to Peanuts Holdings in connection with the acquisition of Peanuts Worldwide.  The Beagle Note bears interest at 6% per annum, with minimum principal payable in equal annual installments of approximately $2.2 million on June 3, with any remaining unpaid principal balance and accrued interest to be due on June 3, 2015, the Beagle Note maturity date.  The Beagle Note is secured by the membership interest in Peanuts Holdings owned by Beagle.  As of June 30, 2011, approximately $2.2 million current portion is included in other assets - current in the unaudited condensed consolidated balance sheet and the $13.1 million long term portion is included in other assets - non-current.

ASC Topic 810 affirms that consolidation is appropriate when one entity has a controlling financial interest in another entity. The Company owns an 80% membership interest in Peanuts Holdings, compared to the non-controlling owner’s 20% membership interest. As such, Peanuts Holdings is subject to consolidation with the Company, which is reflected in the Company’s financial statements as of June 30, 2011.

In accordance with ASC Topic 810, the Company recognizes the non-controlling interest of Peanuts Holdings as equity in the consolidated financial statements and separate from the parent’s equity.  

The Peanuts trademarks and copyrights have been determined by management to have an indefinite useful life and accordingly, consistent with ASC Topic 350, no amortization is being recorded in the Company’s consolidated income statements. The goodwill and trademarks are subject to a test for impairment on an annual basis.  The $17.7 million of goodwill is deductible for income tax purposes.  The licensing agreements are being amortized on a straight-line basis over the remaining contractual periods of approximately 1 to 5 years.

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Summaries of Options Activity, and Related Information for the Current Quarter (Detail) (USD $)	6 Months Ended
	Jun. 30, 2011
Options
Outstanding January 1, 2011	2,592,535
Granted	15,000
Canceled
Exercised	(213,385)
Expired/Forfeited
Outstanding June 30, 2011	2,394,150
Exercisable at June 30, 2011	2,392,483
Weighted-Average Exercise Price
Outstanding January 1, 2011	$ 4.61
Granted	$ 22.51
Canceled
Exercised	$ 7.12
Expired/Forfeited
Outstanding June 30, 2011	$ 4.98
Exercisable at June 30, 2011	$ 4.98

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Estimated Fair Values of Other Financial Instruments (Detail) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Carrying (Reported) Amount, Fair Value Disclosure
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 640,672	$ 584,387
Estimate of Fair Value, Fair Value Disclosure
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 750,758	$ 607,592

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Fair Value Measurements

6 Months Ended

Jun. 30, 2011

Fair Value Measurements

4.  Fair Value Measurements

ASC Topic 820 “Fair Value Measurements”, which the Company adopted on January 1, 2008, establishes a framework for measuring fair value and requires expanded disclosures about fair value measurement. While ASC 820 does not require any new fair value measurements in its application to other accounting pronouncements, it does emphasize that a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC 820 established the following fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) the reporting entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs):

Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets

Level 2: Other inputs that are observable directly or indirectly, such as quoted prices for similar assets or liabilities or market-corroborated inputs

Level 3: Unobservable inputs for which there is little or no market data and which requires the owner of the assets or liabilities to develop its own assumptions about how market participants would price these assets or liabilities

The valuation techniques that may be used to measure fair value are as follows:

(A) Market approach - Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities

(B) Income approach - Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about those future amounts, including present value techniques, option-pricing models and excess earnings method

(C) Cost approach - Based on the amount that would currently be required to replace the service capacity of an asset (replacement cost)

To determine the fair value of certain financial instruments, the Company relies on Level 2 inputs generated by market transactions of similar instruments where available, and Level 3 inputs using an income approach when Level 1 and Level 2 inputs are not available. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of financial assets and financial liabilities and their placement within the fair value hierarchy. The following table summarizes the instruments measured at fair value at June 30, 2011 and December 31, 2010:

Carrying Amount as of
June 30, 2011							Valuation
(000's omitted)	Level 1		Level 2		Level 3		Technique
Marketable Securities	$	-	$	-	$	-	(A)
Income Statement Hedge	$	-	$	-	$	-	(A)
Balance Sheet Hedge	$	-	$	-	$	-	(A)

Carrying Amount as of
December 31, 2010							Valuation
(000's omitted)	Level 1		Level 2		Level 3		Technique
Marketable Securities	$	-	$	-	$	-	(A)

Marketable Securities

Marketable securities, which are accounted for as available-for-sale, are stated at fair value in accordance with ASC Topic 320 “Investments – Debt and Equity” and consist of auction rate securities (“ARS”). Temporary changes in fair market value are recorded as other comprehensive income or loss, whereas other than temporary markdowns will be realized through the Company’s Consolidated Income Statement.

As of June 30, 2011, the Company held ARS with a face value of $13.0 million and a fair value of zero.  In December 2008, the insurer of the ARS exercised its put option to replace the underlying securities of the ARS with its preferred securities. Prior to the second quarter of 2009 the ARS had paid cash dividends according to their stated terms.  During the second quarter of 2009, the Company received notice from the insurer that payment of cash dividends ceased as of July 31, 2009 and would be resumed only if the board of directors of the insurer declared such cash dividends to be payable at a later date. The insurer’s board of directors temporarily reinstated dividend payments for the 4-week period from December 23, 2009 to January 15, 2010.  No further dividends have been received.  In January 2010, the Company commenced a lawsuit against the broker-dealer of these ARS alleging, among other things, fraud, and seeking full recovery of the $13.0 million face value of the ARS, as well as legal costs and punitive damages.  In November 2010, the insurer filed for bankruptcy under Chapter 11 of the United States Bankruptcy Code.  These funds will not be available to the Company unless recovery is realized through the bankruptcy process, settlement or legal judgment of the action brought against the broker-dealer.   Prior to June 30, 2009, the Company estimated the fair value of its ARS with a discounted cash flow model where the Company used the expected rate of cash dividends to be received.  When the cash dividend payments ceased, the Company changed its methodology for estimating the fair value of the ARS.  Beginning June 30, 2009, the Company estimated the fair value of its ARS using the present value of the weighted average of several scenarios of recovery based on management’s assessment of the probability of each scenario. The Company considered a variety of factors in its model including: credit rating of the issuer and insurer, comparable market data (if available), current macroeconomic market conditions, quality of the underlying securities, and the probabilities of several levels of recovery and reinstatement of the cash dividend payments.  As a result of its evaluation and primarily due to the bankruptcy of the insurer of the ARS, which reduced the market value of its preferred securities to zero, during 2010 the Company recorded a pre-tax loss of approximately $13.0 million, presented as a loss on marketable securities in the other expenses section of the Consolidated Income Statement, as this write-down was deemed to be permanent.   In previous periods, all changes to the fair market value of the ARS were deemed temporary, and as such were recorded in other comprehensive income in the consolidated balance sheet and statement of stockholders’ equity and were reversed in 2010.  The following table summarizes the activity for the period:

Auction Rate Securities (000's omitted)
	Six Months Ended June 30,
	2011		2010
Balance at beginning of period	$	-	$	6,988
Additions		-		-
Gains (losses) reported in earnings		-		-
Gains (losses) reported in accumulated other comprehensive income		-		296
Balance at end of period	$	-	$	7,284

Hedge Instruments

On March 26, 2011, the Company purchased hedge instruments from JP Morgan Chase Bank N.A. (“JPMC”) to mitigate the income statement risk and cash flow risk of revenue and receivables from licenses denominated in Japanese Yen. These hedge instruments are foreign exchange forward contracts that set the foreign exchange rate from Japanese Yen to U.S. Dollars for the Company’s forecasted Japanese Yen denominated revenue (“Income Statement Hedge”) and receivable (“Balance Sheet Hedge”). Based on management’s assessment, the Income Statement Hedge qualifies for hedge accounting under ASC Topic 815. On a quarterly basis, the value of the Income Statement Hedge is adjusted to reflect its current fair value, with any adjustment flowing through other comprehensive income. The fair value of this instrument is obtained by comparing the characteristics of the Income Statement Hedge with similarly traded instruments, and is therefore classified as Level 2 in the fair value hierarchy. At June 30, 2011, the fair value of the Income Statement Hedge was immaterial. The change in the fair value of the Balance Sheet Hedge is recorded in interest and other income on the unaudited condensed consolidated income statement. For the Current Quarter and Current Six Months, the change in fair value of the Balance Sheet Hedge was immaterial.

Financial Instruments

As of June 30, 2011 and December 31, 2010, the fair values of cash and cash equivalents, receivables and accounts payable and accrued expenses approximated their carrying values due to the short-term nature of these instruments. The fair value of the note receivable from New Brands (see Note 3) approximates its $1.0 million carrying value; the fair value of the note receivable due from the purchasers of the Canadian trademark for Joe Boxer approximates its $4.0 million carrying value; the fair value of the note payable to Purim LLC (see Note 3) approximates its $12.0 million carrying value; and the fair value of the Beagle Note (see Note 3) approximates its $15.3 million carrying value.  The estimated fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or rates for the same or similar instruments, and the related carrying amounts are as follows:

(000's omitted)	June 30, 2011				December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt, including current portion	$	640,672	$	750,758	$	584,387	$	607,592

Financial instruments expose the Company to counterparty credit risk for nonperformance and to market risk for changes in interest. The Company manages exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties and procedures to monitor the amount of credit exposure. The Company’s financial instrument counterparties are investment or commercial banks with significant experience with such instruments.

Non-Financial Assets and Liabilities

On January 1, 2009, the Company adopted the provisions of ASC Topic 820 with respect to its non-financial assets and liabilities requiring non-recurring adjustments to fair value using a market participant approach. The Company uses a discounted cash flow model with level 3 inputs to measure the fair value of its non-financial assets and liabilities. The Company also adopted the provisions of ASC 820 as it relates to purchase accounting for its acquisitions. The Company has goodwill, which is tested for impairment at least annually, as required by ASC Topic 350. Further, in accordance with ASC Topic 350, the Company’s indefinite-lived trademarks are tested for impairment at least annually, on an individual basis as separate single units of accounting. Similarly, consistent with ASC Topic 360 as it relates to accounting for the impairment or disposal of long-lived assets, the Company assesses whether or not there is impairment of the Company’s definite-lived trademarks. There was no impairment, and therefore no write-down, of any of the Company’s long-lived assets during the Current Six Months or Prior Year Six Months.

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Summary of Unvested Restricted Stock (Detail) (Restricted Stock, USD $)	6 Months Ended
	Jun. 30, 2011
Restricted Stock
Shares
Beginning Balance	1,442,610
Granted	325,490
Vested	(180,586)
Forfeited/Canceled
Ending Balance	1,587,514
Weighted-Average Grant Date Fair Value
Beginning Balance	$ 15.34
Granted	$ 21.87
Vested	$ 17.75
Forfeited/Canceled
Ending Balance	$ 16.40

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Summary of the Financial Instruments Measured at Fair Value (Detail) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique	Market approach - Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities	Market approach - Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities
Marketable Securities | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value
Marketable Securities | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value
Marketable Securities | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value
Income Statement Hedge
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique	Market approach - Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities
Income Statement Hedge | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value
Income Statement Hedge | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value
Income Statement Hedge | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value
Balance Sheet Hedge
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique	Market approach - Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities
Balance Sheet Hedge | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value
Balance Sheet Hedge | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value
Balance Sheet Hedge | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments measured at fair value

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Debt Arrangements - Additional Information (Detail) (USD $)	6 Months Ended			1 Months Ended	3 Months Ended		6 Months Ended			1 Months Ended				1 Months Ended		1 Months Ended	3 Months Ended			6 Months Ended					1 Months Ended				1 Months Ended		1 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended				1 Months Ended				3 Months Ended		6 Months Ended			6 Months Ended			1 Months Ended	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010	May 23, 2011 2.50% Convertible Notes	Jun. 30, 2011 2.50% Convertible Notes		Jun. 30, 2011 2.50% Convertible Notes		May 17, 2011 2.50% Convertible Notes	May 23, 2011 2.50% Convertible Notes Maximum	May 23, 2011 2.50% Convertible Notes Minimum	May 23, 2011 2.50% Convertible Notes Change of control or other fundamental change	May 23, 2011 2.50% Convertible Notes Accounting change	May 23, 2011 2.50% Convertible Notes Call Options Purchased	Jun. 30, 2011 2.50% Convertible Notes Call Options Purchased	Jun. 20, 2007 1.875% Convertible Notes	Jun. 30, 2011 1.875% Convertible Notes		Jun. 30, 2010 1.875% Convertible Notes	Jun. 30, 2011 1.875% Convertible Notes		Jun. 30, 2010 1.875% Convertible Notes	Dec. 31, 2010 1.875% Convertible Notes	Jun. 14, 2007 1.875% Convertible Notes	Jun. 20, 2007 1.875% Convertible Notes Maximum	Jun. 20, 2007 1.875% Convertible Notes Minimum	Jun. 20, 2007 1.875% Convertible Notes Change of control or other fundamental change	Jun. 20, 2007 1.875% Convertible Notes Accounting change	Jun. 20, 2007 1.875% Convertible Notes Call Options Purchased	Jun. 30, 2011 1.875% Convertible Notes Call Options Purchased	Jun. 20, 2007 1.875% Convertible Notes Call Options Purchased Lehman Brothers OTC Derivatives Inc	Jun. 20, 2007 1.875% Convertible Notes Lehman Brothers OTC Derivatives Inc	Jun. 30, 2011 Ecko Note	Dec. 31, 2010 Ecko Note	Jun. 30, 2011 Asset-Backed Notes	Dec. 31, 2010 Asset-Backed Notes	Jun. 30, 2011 Asset-Backed Notes Notes 8.45 Percent	Jun. 30, 2011 Asset-Backed Notes Notes 8.12 Percent	Jun. 30, 2011 Asset-Backed Notes Notes 8.99 Percent	Jun. 23, 2010 Peanuts Worldwide Term Loan Facility	May 27, 2011 Term Loan Facility	Mar. 21, 2011 Term Loan Facility	Mar. 17, 2010 Term Loan Facility	Mar. 11, 2008 Term Loan Facility	Jun. 30, 2011 Term Loan Facility	Jun. 30, 2010 Term Loan Facility	Jun. 30, 2011 Term Loan Facility	Jun. 30, 2010 Term Loan Facility	Dec. 31, 2010 Term Loan Facility	Jun. 30, 2011 Term Loan Facility Rocawear Brand	Mar. 31, 2007 Term Loan Facility Rocawear Brand	Oct. 03, 2007 Term Loan Facility Official-Pillowtex LLC	Dec. 17, 2007 Term Loan Facility Starter Brand	Jun. 30, 2011 Term Loan Facility Starter Brand	Jun. 23, 2010 Term Loan Facility Icon Entertainment LLC	Jun. 30, 2011 Term Loan Facility Euro Dollar Rate	Jun. 30, 2011 Term Loan Facility Prime Lending Rate
Debt Instrument [Line Items]
Percentage of annual aggregate principal payment																																															1.00%
Line of credit facility, additional borrowing capacity																																																					$ 63,200,000
Additional annual payment, percentage of excess cash flow from subsidiaries subject to term loan facility																																															50.00%
Principal amount of long term debt				300,000,000	300,000,000		300,000,000									287,500,000	287,500,000			287,500,000													90,000,000				18,700,000	8,300,000	30,700,000		112,400,000										212,500,000
Debt instrument, interest rate, stated percentage				2.50%												1.875%																	7.50%				8.45%	8.12%	8.99%
Debt instrument, maturity date																																	Jun. 30, 2014		Feb. 22, 2013												Apr. 30, 2013
Debt instrument, maturity date, upon completion of convertible notes offering																																															Jan. 02, 2012
Debt instrument, quarterly payment																																	2,500,000
Payment of long-term debt	190,312,000	64,051,000																																							112,600,000		47,200,000	15,600,000
Threshold for the ratio of Consolidated Total Debt to Consolidated EBITDA																																																	2.5
Prepayments of long-term debt																																										60,000,000
Debt instrument, maturity date, month and year				2016-06												2012-06
Accrued interest																																									200,000
Long term debt	640,672,000		584,387,000		237,521,000	[1]	237,521,000	[1]									270,409,000	[2]		270,409,000	[2]		262,716,000										75,000,000	80,000,000	57,742,000	70,650,000													171,021,000
Percentage of capital stock pledged as collateral																																								80.00%											100.00%	100.00%			100.00%
Debt instrument, maturity period																																					6Y	6Y	6.5Y
Debt instrument covenant compliance																																									Through the Payoff Date, the Company was in compliance with all material covenants set forth in the Credit Agreement.
Long term debt, current	307,942,000		36,380,000																														10,000,000		27,500,000
Net proceeds received from issuance of debt	292,500,000			291,600,000												281,100,000																															272,500,000						60,000,000
Debt instrument, effective interest rate																																													2.49%	2.55%	2.50%	2.52%
Cash, restricted cash	3,727,000	3,009,000	3,300,000																																2,900,000	2,500,000
Debt instrument, payment terms				The 2.50% Convertible Notes bear interest at an annual rate of 2.50%, payable semi-annually in arrears on June 1 and December 1 of each year, beginning December 1, 2011.												The 1.875% Convertible Notes bear interest at an annual rate of 1.875%, payable semi-annually in arrears on June 30 and December 31 of each year, beginning December 31, 2007.
Restricted cash, non-current	15,866,000		15,866,000																																15,900,000	15,900,000
Debt instrument, effective interest rate				7.25%												7.85%
Debt instrument, conversion rate				32.5169												36.2845
Principal amount of each convertible note				1,000												1,000
Convertible notes, initial conversion price per share				$ 30.75					$ 40.6175							$ 27.56								$ 42.40
Percentage of Premiums									75.00%															100.00%
Selling price per share of common stock									$ 23.21															$ 21.20
Percentage of closing price of the Company's common stock for at least 20 trading days in the 30 consecutive trading days											130.00%															130.00%
percentage of product of closing price of the Company's common stock for each day in that period and conversion rate per $1,000 principal amount of the Convertible Notes										98.00%															98.00%
Redemption price percentage per principal amount												100.00%	102.00%														100.00%	102.00%
Net debt carrying amount					237,521,000		237,521,000										270,409,000			270,409,000			262,716,000
Non cash additional interest expense on convertible notes	8,868,000	7,345,000			1,200,000		1,200,000										3,600,000		3,400,000	7,200,000		6,900,000
Cash interest expense for convertible notes					800,000		800,000										1,300,000		1,300,000	2,700,000		2,700,000
Convertible notes, common stock option shares														9,800,000															10,400,000
Payment for the purchased call option														58,700,000															76,300,000
Deferred income tax related to convertible notes															20,600,000														26,700,000	5,500,000
Sold warrants, shares of common stock				9,760,000												3,600,000
Sold warrants, shares of common stock strike price per share				40.6175												42.40
Sold warrants, shares of common stock exercise date				Sep. 01, 2016												Sep. 28, 2012
Sold warrants, shares of common stock expiring date				End of 2016												End of 2012
Proceeds received from sale of Sold warrants	28,800,000			28,800,000												37,500,000
Adjustments to additional paid in capital due convertible note hedge and warrants				(9,400,000)												(12,100,000)
Percentage of shares purchased under call options plan																															40.00%
Sold warrants, percentage																																40.00%
Debt instrument interest rate basis																																															At the Company’s option, at the Eurodollar rate or the prime rate, plus an applicable margin of 2.25% or 1.25%, as the case may be, per annum.
Debt instrument interest rate, margin																																																								2.25%	1.25%
Payments to acquire businesses, gross																																																		204,000,000				60,000,000
Payment of costs related to the acquisition of the Rocawear brand and related assets		1,160,000																																																2,100,000
Payments of debt issuance costs																																															$ 3,900,000

[1] Reflects the net debt carrying amount of the 2.50% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes. The principal amount owed to the holders of the Convertible Notes is $300.0 million.

[2] Reflects the net debt carrying amount of the 1.875% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes. The principal amount owed to the holders of the Convertible Notes is $287.5 million.

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Summaries of Warrants and Related Information for the Current Quarter (Detail) (Warrant, USD $)	6 Months Ended
	Jun. 30, 2011
Warrant
Warrants
Beginning Balance	253,900
Granted
Canceled
Exercised
Expired/Forfeited
Ending Balance	253,900
Exercisable at June 30, 2011	253,900
Weighted-Average Exercise Price
Beginning Balance	$ 17.01
Granted
Canceled
Exercised
Expired/Forfeited
Ending Balance	$ 17.01
Exercisable at June 30, 2011	$ 17.01

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Summary of Auction Rate Securities Activity During the Period (Detail) (Auction Rate Securities, USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Auction Rate Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period		$ 6,988
Additions
Gains (losses) reported in earnings
Gains (losses) reported in accumulated other comprehensive income		296
Balance at end of period		$ 7,284

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Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events

12.   Subsequent Events

On July 27, 2011 the Company, through its newly formed wholly owned subsidiary ZY Holdings, acquired the Zoo York trademark and related assets from IPH Unltd for a net purchase price of $18.0 million, effectively increasing its ownership in the Zoo York assets from 51% to 100%.

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Debt Arrangements

6 Months Ended

Jun. 30, 2011

Debt Arrangements

5.  Debt Arrangements

The Company's debt is comprised of the following:

	June 30,		December 31,
(000’s omitted)	2011		2010
2.50% Convertible Notes	$	237,521	$	-
1.875% Convertible Notes		270,409		262,716
Ecko Note		75,000		80,000
Asset-Backed Notes		57,742		70,650
Term Loan Facility		-		171,021
Total	$	640,672	$	584,387

2.50% Convertible Notes

On May 23, 2011, the Company completed the issuance of $300.0 million principal amount of the Company's 2.50% convertible senior subordinated notes due June 2016 (“2.50% Convertible Notes”) in a private offering to certain institutional investors. The net proceeds received by the Company from the offering, excluding the net cost of hedges and sale of warrants (described below), were approximately $291.6 million.

The 2.50% Convertible Notes bear interest at an annual rate of 2.50%, payable semi-annually in arrears on June 1 and December 1 of each year, beginning December 1, 2011. However, the Company recognizes an effective interest rate of 7.25% on the carrying amount of the 2.50% Convertible Notes.  The effective rate is based on the rate for a similar instrument that does not have a conversion feature.  The 2.50% Convertible Notes will be convertible into cash and, if applicable, shares of the Company's common stock based on a conversion rate of 32.5169 shares of the Company's common stock, subject to customary adjustments, per $1,000 principal amount of the 2.50% Convertible Notes (which is equal to an initial conversion price of approximately $30.75 per share) only under the following circumstances: (1) during any fiscal quarter beginning after June 30, 2011 (and only during such fiscal quarter), if the closing price of the Company's common stock for at least 20 trading days in the 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is more than 130% of the conversion price per share, which is $1,000 divided by the then applicable conversion rate; (2) during the five business day period immediately following any five consecutive trading day period in which the trading price per $1,000 principal amount of the 2.50% Convertible Notes for each day of that period was less than 98% of the product of (a) the closing price of the Company's common stock for each day in that period and (b) the conversion rate per $1,000 principal amount of the 2.50% Convertible Notes; (3) if specified distributions to holders of the Company's common stock are made, as set forth in the indenture governing the 2.50% Convertible Notes (“2.50% Indenture”); (4) if a “change of control” or other “fundamental change,” each as defined in the 2.50% Indenture, occurs; (5) if the Company chooses to redeem the 2.50% Convertible Notes upon the occurrence of a “specified accounting change,” as defined in the 2.50% Indenture; and (6) during the last month prior to maturity of the 2.50% Convertible Notes. If the holders of the 2.50% Convertible Notes exercise the conversion provisions under the circumstances set forth, the Company will need to remit the lower of the principal balance of the 2.50% Convertible Notes or their conversion value to the holders in cash. As such, the Company would be required to classify the entire amount outstanding of the 2.50% Convertible Notes as a current liability in the following quarter. The evaluation of the classification of amounts outstanding associated with the 2.50% Convertible Notes will occur every quarter.

Upon conversion, a holder will receive an amount in cash equal to the lesser of (a) the principal amount of the 2.50% Convertible Note or (b) the conversion value, determined in the manner set forth in the 2.50% Indenture. If the conversion value exceeds the principal amount of the 2.50% Convertible Notes on the conversion date, the Company will also deliver, at its election, cash or the Company's common stock or a combination of cash and the Company's common stock for the conversion value in excess of the principal amount. In the event of a change of control or other fundamental change, the holders of the 2.50% Convertible Notes may require the Company to purchase all or a portion of their 2.50% Convertible Notes at a purchase price equal to 100% of the principal amount of the 2.50% Convertible Notes, plus accrued and unpaid interest, if any. If a specified accounting change occurs, the Company may, at its option, redeem the 2.50% Convertible Notes in whole for cash, at a price equal to 102% of the principal amount of the 2.50% Convertible Notes, plus accrued and unpaid interest, if any. Holders of the 2.50% Convertible Notes who convert their 2.50% Convertible Notes in connection with a fundamental change or in connection with a redemption upon the occurrence of a specified accounting change may be entitled to a make-whole premium in the form of an increase in the conversion rate.

Pursuant to guidance issued under ASC Topic 815, the 2.50% Convertible Notes are accounted for as convertible debt in the accompanying unaudited condensed consolidated balance sheet and the embedded conversion option in the 2.50% Convertible Notes has not been accounted for as a separate derivative. For a discussion of the effects of the 2.50% Convertible Notes and the 2.50% Convertible Notes Hedges and Sold Warrants discussed below on earnings per share, see Note 7.

As of June 30, 2011, the amount of the 2.50% Convertible Notes accounted for as a liability was approximately $237.5 million and is reflected on the unaudited condensed consolidated balance sheet as follows:

	June 30,
(000’s omitted)	2011
Equity component carrying amount	$	33,875
Unamortized discount		62,479
Net debt carrying amount		237,521

For both the Current Quarter and Current Six Months, the Company recorded additional non-cash interest expense of approximately $1.2 million, representing the difference between the stated interest rate on the 2.50% Convertible Notes and the rate for a similar instrument that does not have a conversion feature.  

For both the Current Quarter and Current Six Months, cash interest expense relating to the 2.50% Convertible Notes was approximately $0.8 million.

The Convertible Notes do not provide for any financial covenants.

In connection with the sale of the 2.50% Convertible Notes, the Company entered into hedges for the 2.50% Convertible Notes (“2.50% Convertible Note Hedges”) with respect to its common stock with two entities (the “2.50% Counterparties”). Pursuant to the agreements governing these 2.50% Convertible Note Hedges, the Company purchased call options (the “2.50% Purchased Call Options”) from the 2.50% Counterparties covering up to approximately 9.8 million shares of the Company's common stock. These 2.50% Convertible Note Hedges are designed to offset the Company's exposure to potential dilution upon conversion of the 2.50% Convertible Notes in the event that the market value per share of the Company's common stock at the time of exercise is greater than the strike price of the 2.50% Purchased Call Options (which strike price corresponds to the initial conversion price of the 2.50% Convertible Notes and is simultaneously subject to certain customary adjustments).  On May 23, 2011, the Company paid an aggregate amount of approximately $58.7 million of the proceeds from the sale of the 2.50% Convertible Notes for the 2.50% Purchased Call Options, of which $20.6 million was included in the balance of deferred income tax assets at June 30, 2011 and is being recognized over the term of the 2.50% Convertible Notes.

The Company also entered into separate warrant transactions with the 2.50% Counterparties whereby the Company, pursuant to the agreements governing these warrant transactions, sold to the 2.50% Counterparties warrants (the “2.50% Sold Warrants”) to acquire up to 9.76 million shares of the Company's common stock at a strike price of $40.6175 per share of the Company's common stock. The 2.50% Sold Warrants will become exercisable on September 1, 2016 and will expire by the end of 2016. The Company received aggregate proceeds of approximately $28.8 million from the sale of the 2.50% Sold Warrants on May 23, 2011.

Pursuant to guidance issued under ASC Topic 815 Derivatives and Hedging as it relates to accounting for derivative financial instruments indexed to, and potentially settled in, a company’s own stock, the 2.50% Convertible Note Hedge and the proceeds received from the issuance of the 2.50% Sold Warrants were recorded as a charge and an increase, respectively, in additional paid-in capital in stockholders’ equity as separate equity transactions. As a result of these transactions, the Company recorded a net reduction to additional paid-in-capital of $9.4 million in May 2011.

The Company has evaluated the impact of adopting guidance issued under ASC Topic 815 regarding embedded features as it relates to the 2.50% Sold Warrants, and has determined it had no impact on the Company’s results of operations and financial position through June 30, 2011, and will have no impact on the Company’s results of operations and financial position in future fiscal periods.

As the 2.50% Convertible Note Hedge transactions and the warrant transactions were separate transactions entered into by the Company with the 2.50% Counterparties, they are not part of the terms of the 2.50% Convertible Notes and will not affect the holders' rights under the 2.50% Convertible Notes. In addition, holders of the 2.50% Convertible Notes will not have any rights with respect to the 2.50% Purchased Call Options or the 2.50% Sold Warrants.

If the market value per share of the Company's common stock at the time of conversion of the 2.50% Convertible Notes is above the strike price of the 2.50% Purchased Call Options, the 2.50% Purchased Call Options entitle the Company to receive from the 2.50% Counterparties net shares of the Company's common stock, cash or a combination of shares of the Company's common stock and cash, depending on the consideration paid on the underlying 2.50% Convertible Notes, based on the excess of the then current market price of the Company's common stock over the strike price of the 2.50% Purchased Call Options. Additionally, if the market price of the Company's common stock at the time of exercise of the 2.50% Sold Warrants exceeds the strike price of the 2.50% Sold Warrants, the Company will owe the 2.50% Counterparties net shares of the Company's common stock or cash, not offset by the 2.50% Purchased Call Options, in an amount based on the excess of the then current market price of the Company's common stock over the strike price of the 2.50% Sold Warrants.

These transactions will generally have the effect of increasing the conversion price of the 2.50% Convertible Notes to $40.6175  per share of the Company's common stock, representing a 75% percent premium based on the last reported sale price of the Company’s common stock of $23.21 per share on May 17, 2011.

Moreover, in connection with the warrant transactions with the counterparties, to the extent that the price of the Company’s common stock exceeds the strike price of the warrants, the warrant transactions could have a dilutive effect on the Company’s earnings per share.

1.875% Convertible Notes

On June 20, 2007, the Company completed the issuance of $287.5 million principal amount of the Company's 1.875% convertible senior subordinated notes due June 2012 (“1.875% Convertible Notes”) in a private offering to certain institutional investors. The net proceeds received by the Company from the offering, excluding the net cost of hedges and sale of warrants (described below) were approximately $281.1 million.

The 1.875% Convertible Notes bear interest at an annual rate of 1.875%, payable semi-annually in arrears on June 30 and December 31 of each year, beginning December 31, 2007. However, the Company recognizes an effective interest rate of 7.85% on the carrying amount of the 1.875% Convertible Notes.  The effective rate is based on the rate for a similar instrument that does not have a conversion feature.  The 1.875% Convertible Notes will be convertible into cash and, if applicable, shares of the Company's common stock based on a conversion rate of 36.2845 shares of the Company's common stock, subject to customary adjustments, per $1,000 principal amount of the 1.875% Convertible Notes (which is equal to an initial conversion price of approximately $27.56 per share) only under the following circumstances: (1) during any fiscal quarter beginning after September 30, 2007 (and only during such fiscal quarter), if the closing price of the Company's common stock for at least 20 trading days in the 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is more than 130% of the conversion price per share, which is $1,000 divided by the then applicable conversion rate; (2) during the five business day period immediately following any five consecutive trading day period in which the trading price per $1,000 principal amount of the 1.875% Convertible Notes for each day of that period was less than 98% of the product of (a) the closing price of the Company's common stock for each day in that period and (b) the conversion rate per $1,000 principal amount of the 1.875% Convertible Notes; (3) if specified distributions to holders of the Company's common stock are made, as set forth in the indenture governing the 1.875% Convertible Notes (“1.875% Indenture”); (4) if a “change of control” or other “fundamental change,” each as defined in the 1.875% Indenture, occurs; (5) if the Company chooses to redeem the 1.875% Convertible Notes upon the occurrence of a “specified accounting change,” as defined in the 1.875% Indenture; and (6) during the last month prior to maturity of the 1.875% Convertible Notes. If the holders of the 1.875% Convertible Notes exercise the conversion provisions under the circumstances set forth, the Company will need to remit the lower of the principal balance of the 1.875% Convertible Notes or their conversion value to the holders in cash. As such, the Company would be required to classify the entire amount outstanding of the 1.875% Convertible Notes as a current liability in the following quarter. The evaluation of the classification of amounts outstanding associated with the 1.875% Convertible Notes will occur every quarter.

Upon conversion, a holder will receive an amount in cash equal to the lesser of (a) the principal amount of the 1.875% Convertible Note or (b) the conversion value, determined in the manner set forth in the 1.875% Indenture. If the conversion value exceeds the principal amount of the 1.875% Convertible Notes on the conversion date, the Company will also deliver, at its election, cash or the Company's common stock or a combination of cash and the Company's common stock for the conversion value in excess of the principal amount. In the event of a change of control or other fundamental change, the holders of the 1.875% Convertible Notes may require the Company to purchase all or a portion of their 1.875% Convertible Notes at a purchase price equal to 100% of the principal amount of the 1.875% Convertible Notes, plus accrued and unpaid interest, if any. If a specified accounting change occurs, the Company may, at its option, redeem the 1.875% Convertible Notes in whole for cash, at a price equal to 102% of the principal amount of the 1.875% Convertible Notes, plus accrued and unpaid interest, if any. Holders of the 1.875% Convertible Notes who convert their 1.875% Convertible Notes in connection with a fundamental change or in connection with a redemption upon the occurrence of a specified accounting change may be entitled to a make-whole premium in the form of an increase in the conversion rate.

Pursuant to guidance issued under ASC Topic 815, the 1.875% Convertible Notes are accounted for as convertible debt in the accompanying unaudited condensed consolidated balance sheet and the embedded conversion option in the 1.875% Convertible Notes has not been accounted for as a separate derivative. For a discussion of the effects of the 1.875% Convertible Notes and the 1.875% Convertible Notes Hedges and Sold Warrants discussed below on earnings per share, see Note 7.

As of June 30, 2011 and December 31, 2010, the amount of the 1.875% Convertible Notes accounted for as a liability was approximately $270.4 million and $262.7 million, and is reflected on the unaudited condensed consolidated balance sheet as follows:

	June 30,		December 31,
(000’s omitted)	2011		2010
Equity component carrying amount	$	41,309	$	41,309
Unamortized discount		17,091		24,784
Net debt carrying amount		270,409		262,716

For the Current Quarter and Prior Year Quarter, the Company recorded additional non-cash interest expense of approximately $3.6 million and $3.4 million, respectively, representing the difference between the stated interest rate on the 1.875% Convertible Notes and the rate for a similar instrument that does not have a conversion feature.  For the Current Six Months and the Prior Year Six Months, the Company recorded additional non-cash interest expense of $7.2 million and $6.9 million, respectively.

For both the Current Quarter and the Prior Year Quarter, cash interest expense relating to the 1.875% Convertible Notes was approximately $1.3 million.  For both the Current Six Months and the Prior Year Six Months, cash interest expense relating to the 1.875% Convertible Notes was approximately $2.7 million.

The Convertible Notes do not provide for any financial covenants.

In connection with the sale of the 1.875% Convertible Notes, the Company entered into hedges for the 1.875% Convertible Notes (“1.875% Convertible Note Hedges”) with respect to its common stock with two entities, one of which was Lehman Brothers OTC Derivatives Inc. (“Lehman OTC” and together with the other counterparty, the “1.875% Counterparties”). Pursuant to the agreements governing these 1.875% Convertible Note Hedges, the Company purchased call options (the “1.875% Purchased Call Options”) from the 1.875% Counterparties covering up to approximately 10.4 million shares of the Company's common stock of which 40% were purchased from Lehman OTC. These 1.875% Convertible Note Hedges are designed to offset the Company's exposure to potential dilution upon conversion of the 1.875% Convertible Notes in the event that the market value per share of the Company's common stock at the time of exercise is greater than the strike price of the 1.875% Purchased Call Options (which strike price corresponds to the initial conversion price of the 1.875% Convertible Notes and is simultaneously subject to certain customary adjustments). On June 20, 2007, the Company paid an aggregate amount of approximately $76.3 million of the proceeds from the sale of the 1.875% Convertible Notes for the 1.875% Purchased Call Options, of which $26.7 million was included in the balance of deferred income tax assets at June 30, 2007 and is being recognized over the term of the 1.875% Convertible Notes. As of June 30, 2011, the balance of deferred income tax assets related to this transaction was approximately $5.5 million.

The Company also entered into separate warrant transactions with the 1.875% Counterparties whereby the Company, pursuant to the agreements governing these warrant transactions, sold to the 1.875% Counterparties warrants (the “1.875% Sold Warrants”) to acquire up to 3.6 million shares of the Company's common stock of which 40% were sold to Lehman OTC, at a strike price of $42.40 per share of the Company's common stock. The 1.875% Sold Warrants will become exercisable on September 28, 2012 and will expire by the end of 2012. The Company received aggregate proceeds of approximately $37.5 million from the sale of the 1.875% Sold Warrants on June 20, 2007.

Pursuant to guidance issued under ASC Topic 815 Derivatives and Hedging as it relates to accounting for derivative financial instruments indexed to, and potentially settled in, a company’s own stock, the 1.875% Convertible Note Hedge and the proceeds received from the issuance of the 1.875% Sold Warrants were recorded as a charge and an increase, respectively, in additional paid-in capital in stockholders’ equity as separate equity transactions. As a result of these transactions, the Company recorded a net reduction to additional paid-in-capital of $12.1 million in June 2007.

The Company has evaluated the impact of adopting guidance issued under ASC Topic 815 regarding embedded features as it relates to the 1.875% Sold Warrants, and has determined it had no impact on the Company’s results of operations and financial position through June 30, 2011, and will have no impact on the Company’s results of operations and financial position in future fiscal periods.

As the 1.875% Convertible Note Hedge transactions and the warrant transactions were separate transactions entered into by the Company with the 1.875% Counterparties, they are not part of the terms of the 1.875% Convertible Notes and will not affect the holders' rights under the 1.875% Convertible Notes. In addition, holders of the 1.875% Convertible Notes will not have any rights with respect to the 1.875% Purchased Call Options or the 1.875% Sold Warrants.

If the market value per share of the Company's common stock at the time of conversion of the 1.875% Convertible Notes is above the strike price of the 1.875% Purchased Call Options, the 1.875% Purchased Call Options entitle the Company to receive from the 1.875% Counterparties net shares of the Company's common stock, cash or a combination of shares of the Company's common stock and cash, depending on the consideration paid on the underlying 1.875% Convertible Notes, based on the excess of the then current market price of the Company's common stock over the strike price of the 1.875% Purchased Call Options. Additionally, if the market price of the Company's common stock at the time of exercise of the 1.875% Sold Warrants exceeds the strike price of the 1.875% Sold Warrants, the Company will owe the 1.875% Counterparties net shares of the Company's common stock or cash, not offset by the 1.875% Purchased Call Options, in an amount based on the excess of the then current market price of the Company's common stock over the strike price of the 1.875% Sold Warrants.

These transactions will generally have the effect of increasing the conversion price of the 1.875% Convertible Notes to $42.40 per share of the Company's common stock, representing a 100% percent premium based on the last reported sale price of the Company’s common stock of $21.20 per share on June 14, 2007.

On September 15, 2008 and October 3, 2008, respectively, Lehman Brothers Holdings Inc., or Lehman Holdings, and its subsidiary, Lehman Brothers OTC Derivatives Inc., or Lehman OTC, filed for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court in the Southern District of New York, herein referred to as the bankruptcy court. On September 17, 2009, the Company filed proofs of claim with the bankruptcy court relating to the Lehman OTC Convertible Note Hedges. The Company purchased 40% of the 1.875% Convertible Note Hedges from Lehman OTC, or the Lehman note hedges, and the Company sold 40% of the warrants to Lehman OTC. Lehman OTC’s obligations under the Lehman OTC Convertible Note Hedges are guaranteed by Lehman Holdings. If the Lehman OTC Convertible Note Hedges are rejected or terminated in connection with the Lehman OTC bankruptcy, the Company would have a claim against Lehman OTC and Lehman Holdings, as guarantor, for the damages and/or close-out values resulting from any such rejection or termination. While the Company intends to pursue any claim for damages and/or close-out values resulting from the rejection or termination of the Lehman OTC Convertible Note Hedges, at this point in the Lehman bankruptcy cases it is not possible to determine with accuracy the ultimate recovery, if any, that the Company may realize on potential claims against Lehman OTC or Lehman Holdings, as guarantor, resulting from any rejection or termination of the Lehman OTC Convertible Note Hedges. The Company also does not know whether Lehman OTC will assume or reject the Lehman note hedges, and therefore cannot predict whether Lehman OTC intends to perform its obligations under the Lehman OTC Convertible Note Hedges. As a result, if Lehman OTC does not perform such obligations and the price of the Company’s common stock exceeds the $27.56 conversion price (as adjusted) of the 1.875% Convertible Notes, the effective conversion price of the 1.875% Convertible Notes (which is higher than the actual $27.56 conversion price due to these hedges) would be reduced and the Company’s existing stockholders may experience dilution at the time or times the 1.875% Convertible Notes are converted. The extent of any such dilution would depend, among other things, on the then prevailing market price of our common stock and the number of shares of common stock then outstanding, but the Company believes the impact will not be material and will not affect its income statement presentation. The Company is not otherwise exposed to counterparty risk related to the Lehman bankruptcies. The Company currently believes, although there can be no assurance, that the bankruptcy filings and their potential impact on these entities will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. The Company will continue to monitor the bankruptcy filings of Lehman Holdings and Lehman OTC.

Moreover, in connection with the warrant transactions with the 1.875% Counterparties, to the extent that the price of the Company’s common stock exceeds the strike price of the warrants, the warrant transactions could have a dilutive effect on the Company’s earnings per share.

Ecko Note

In connection with the Ecko transaction, IPH Unltd issued a promissory note (“Ecko Note”) to a third party creditor for $90.0 million.  IPH Unltd’s obligations under the Ecko Note are secured by the Ecko portfolio of trademarks and related intellectual property assets and the Zoo York trademarks and related intellectual property assets owned by ZY Holdings (see note 12), and are further guaranteed personally by the minority owner of IPH Unltd, with no recourse to the Company other than the interest of ZY Holdings in the Zoo York trademarks and related intellectual property assets.  Amounts outstanding under the Ecko Note bear interest at 7.50% per annum, with minimum principal payable in equal quarterly installments of $2.5 million, with any remaining unpaid principal balance and accrued interest to be due on June 30, 2014, the Ecko Note maturity date.  The Ecko Note may be prepaid without penalty, and would be applied to the scheduled quarterly principal payments in the order of their maturity.  As of June 30, 2011, the total principal balance of the Ecko Note is $75.0 million, of which $10.0 million is included in the current portion of long-term debt on the unaudited condensed consolidated balance sheet.

Asset-Backed Notes

The financing for certain of the Company's acquisitions has been accomplished through private placements by its subsidiary, IP Holdings LLC ("IP Holdings") of asset-backed notes ("Asset-Backed Notes") secured by intellectual property assets (trade names, trademarks, license agreements and payments and proceeds with respect thereto relating to the Candie’s, Bongo, Joe Boxer, Rampage, Mudd and London Fog brands) of IP Holdings. As of June 30, 2011, the balance of the Asset-Backed Notes was $57.7 million, $27.5 million of which is included in the current portion of long-term debt on the unaudited condensed consolidated balance sheet.

Cash on hand in the bank account of IP Holdings is restricted at any point in time up to the amount of the next debt principal and interest payment required under the Asset-Backed Notes. Accordingly, $2.9 million and $2.5 million as of June 30, 2011 and December 31, 2010, respectively, are included as restricted cash within the Company's current assets on the unaudited condensed consolidated balance sheets. Further, in connection with IP Holdings' issuance of Asset-Backed Notes, a reserve account has been established and the funds on deposit in such account will be applied to the final principal payment with respect to the Asset-Backed Notes. Accordingly, as of June 30, 2011 and December 31, 2010, $15.9 million has been classified as non-current and disclosed as restricted cash within other assets on the Company's unaudited condensed consolidated balance sheets.

Interest rates and terms on the outstanding principal amount of the Asset-Backed Notes as of June 30, 2011 are as follows: $18.7 million principal amount bears interest at a fixed interest rate of 8.45% with a six year term, $8.3 million principal amount bears interest at a fixed rate of 8.12% with a six year term, and $30.7 million principal amount bears interest at a fixed rate of 8.99% with a six and a half year term. The Asset-Backed Notes have no financial covenants by which the Company or its subsidiaries need comply. The aggregate principal amount of the Asset-Backed Notes is required to be fully paid by February 22, 2013.

Neither the Company nor any of its subsidiaries (other than IP Holdings) is obligated to make any payment with respect to the Asset-Backed Notes, and the assets of the Company and its subsidiaries (other than IP Holdings) are not available to IP Holdings' creditors. The assets of IP Holdings are not available to the creditors of the Company or its subsidiaries (other than IP Holdings).

Term Loan Facility

In connection with the acquisition of the Rocawear brand, in March 2007, the Company entered into a $212.5 million credit agreement with Lehman Brothers Inc., as lead arranger and bookrunner, and Lehman Commercial Paper Inc. (“LCPI”), as syndication agent and administrative agent (the “Credit Agreement” or “Term Loan Facility”). At the time, the Company pledged to LCPI, for the benefit of the lenders under the Term Loan Facility (the “Lenders”), 100% of the capital stock owned by the Company in its subsidiaries, OP Holdings and Management Corporation, a Delaware corporation (“OPHM”), and Studio Holdings and Management Corporation, a Delaware corporation (“SHM”). The Company's obligations under the Credit Agreement are guaranteed by each of OPHM and SHM, as well as by two of its other subsidiaries, OP Holdings LLC, a Delaware limited liability company (“OP Holdings”), and Studio IP Holdings LLC, a Delaware limited liability company ("Studio IP Holdings").

On October 3, 2007, in connection with the acquisition of Official-Pillowtex LLC, a Delaware limited liability company (“Official-Pillowtex”), with the proceeds of the 1.875% Convertible Notes, the Company pledged to LCPI, for the benefit of the Lenders, 100% of the capital stock owned by the Company in Mossimo, Inc., a Delaware corporation (“MI”), and Pillowtex Holdings and Management Corporation, a Delaware corporation (“PHM”), each of which guaranteed the Company’s obligations under the Credit Agreement. Simultaneously with the acquisition of Official-Pillowtex, each of Mossimo Holdings LLC, a Delaware limited liability company (“Mossimo Holdings”), and Official-Pillowtex guaranteed the Company’s obligations under the Credit Agreement.  On September 10, 2008, PHM was converted into a Delaware limited liability company, Pillowtex Holdings and Management LLC (“PHMLLC”), and the Company’s membership interest in PHMLLC was pledged to LCPI in place of the capital stock of PHM.

On July 26, 2007, the Company purchased a hedge instrument to mitigate the cash flow risk of rising interest rates on the Term Loan Facility. This hedge instrument expired by its terms in July 2010.  See Note 4.

On December 17, 2007, in connection with the acquisition of the Starter brand, the Company borrowed an additional $63.2 million pursuant to the Term Loan Facility (the “Additional Borrowing”). The net proceeds received by the Company from the Additional Borrowing were $60 million.

On February 24, 2010, Barclays Bank PLC (“Barclays”) was appointed as successor Administrative Agent under the Credit Agreement.

On June 23, 2010, in connection with the acquisition of Peanuts Worldwide (see Note 3), the Company pledged to Barclays, for the benefit of the Lenders, its 100% membership interest in IE.  On such date, IE became a guarantor of the Company’s obligations under the Credit Agreement, and IE pledged to Barclays, for the benefit of the Lenders, its 80% membership interest in Peanuts Holdings.

The guarantees under the Term Loan Facility were secured by a pledge to Barclays, for the benefit of the Lenders, of, among other things, the Ocean Pacific/OP, Danskin, Rocawear, Mossimo, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter and Waverly trademarks and related intellectual property assets, license agreements and proceeds therefrom, as well as the Company’s 80% interest in Peanuts Holdings. Amounts outstanding under the Term Loan Facility bore interest, at the Company’s option, at the Eurodollar rate or the prime rate, plus an applicable margin of 2.25% or 1.25%, as the case may be, per annum. The Credit Agreement provided that the Company is required to repay the outstanding term loan in equal quarterly installments in annual aggregate amounts equal to 1.00% of the aggregate principal amount of the loans outstanding, subject to adjustment for prepayments, in addition to an annual payment equal to 50% of the excess cash flow from the subsidiaries subject to the Term Loan Facility, as described in the Credit Agreement, with any remaining unpaid principal balance to be due on April 30, 2013 (the “Loan Maturity Date”). Upon completion of the 1.875% Convertible Notes offering, the Loan Maturity Date was accelerated to January 2, 2012. The Term Loan Facility can be prepaid, without penalty, at any time. On March 11, 2008, the Company paid to LCPI, for the benefit of the Lenders, $15.6 million, representing 50% of the excess cash flow from the subsidiaries subject to the Term Loan Facility for 2007. As a result of such payment, the Company was no longer required to pay the quarterly installments described above. The Term Loan Facility required the Company to repay the principal amount of the term loan outstanding in an amount equal to 50% of the excess cash flow of the subsidiaries subject to the Term Loan Facility for the most recently completed fiscal year unless the Company met certain criteria specified by a financial covenant defined in the Credit Agreement (see below). On March 17, 2010, the Company paid to Barclays, for the benefit of the Lenders, $47.2 million, representing 50% of the excess cash flow from the subsidiaries subject to the Term Loan Facility for the year ended December 31, 2009.  The Company was not required to make a payment on the excess cash flow from the subsidiaries subject to the Term Loan Facility as the ratio of Consolidated Total Debt (as defined by the Credit Agreement) to Consolidated EBITDA (as defined by the Credit Agreement) was below 2.5 to 1.0 as of December 31, 2010, thereby eliminating the requirement that the Company remit 50% of the excess cash flow from the subsidiaries subject to the Term Loan Facility for 2010.  However, on March 21, 2011, the Company made an optional prepayment of principal in the amount of $60.0 million.   On May 27, 2011 (the “Payoff Date”), approximately $112.6 million was paid to Barclays for the benefit of the Lenders, representing the Company’s full satisfaction of all obligations under the Term Loan Facility, including the outstanding principal of $112.4 million and accrued interest of $0.2 million due to the Lenders as of the Payoff Date. Through the Payoff Date, the Company was in compliance with all material covenants set forth in the Credit Agreement.

For the Current Quarter and the Prior Year Quarter, the effective interest rate of the Term Loan Facility was 2.49% and 2.55%, respectively.  For the Current Six Months and the Prior Year Six Months, the effective interest rate of the Term Loan Facility was 2.50% and 2.52%, respectively.

The $272.5 million in proceeds from the Term Loan Facility were used by the Company as follows: $204.0 million was used to pay the cash portion of the initial consideration for the acquisition of the Rocawear brand; $2.1 million was used to pay the costs associated with the Rocawear acquisition; $60 million was used to pay the consideration for the acquisition of the Starter brand; and $3.9 million was used to pay costs associated with the Term Loan Facility. The costs of $3.9 million relating to the Term Loan Facility had been deferred and were amortized over the life of the loan, using the effective interest method; the remaining unamortized balance was fully amortized on the Payoff Date. Prior to the Payoff Date, the subsidiaries subject to the Term Loan Facility were Studio IP Holdings, SHM, OP Holdings, OPHM, Mossimo Holdings, MI,  Official-Pillowtex, PHMLLC and IE (collectively, the “Term Loan Facility Subsidiaries”). Prior to the Payoff Date, the Term Loan Facility Subsidiaries, directly or indirectly, owned the following trademarks, excluding certain territories covered by the Iconix China, Iconix Latin America and Iconix Europe joint ventures (see Note 3): Danskin, Rocawear, Starter, Ocean Pacific/OP, Mossimo, Cannon, Royal Velvet, Fieldcrest, Charisma and Waverly.

Debt Maturities

As of June 30, 2011, the Company’s debt maturities on a calendar year basis are as follows:

(000’s omitted)	Total		July 1 through December 31, 2011		2012		2013		2014		2015		2016
2.50% Convertible Notes(1)	$	237,521	$	-	$	-	$	-	$	-	$	-	$	237,521
1.875% Convertible Notes(2)		270,409		-		270,409		-		-		-		-
Ecko Note		75,000		5,000		10,000		10,000		50,000		-		-
Asset-Backed Notes		57,742		13,473		33,468		10,801		-		-		-
Total	$	640,672	$	18,473	$	313,877	$	20,801	$	50,000	$	-	$	237,521

(1) Reflects the net debt carrying amount of the 2.50% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes.  The principal amount owed to the holders of the Convertible Notes is $300.0 million.

(2) Reflects the net debt carrying amount of the 1.875% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes.  The principal amount owed to the holders of the Convertible Notes is $287.5 million.

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Debt Arrangements (Tables)

6 Months Ended

Jun. 30, 2011

Components of Company's Debt

The Company's debt is comprised of the following:

	June 30,		December 31,
(000’s omitted)	2011		2010
2.50% Convertible Notes	$	237,521	$	-
1.875% Convertible Notes		270,409		262,716
Ecko Note		75,000		80,000
Asset-Backed Notes		57,742		70,650
Term Loan Facility		-		171,021
Total	$	640,672	$	584,387

Company's Debt Maturities on Calendar Year Basis

As of June 30, 2011, the Company’s debt maturities on a calendar year basis are as follows:

(000’s omitted)	Total		July 1 through December 31, 2011		2012		2013		2014		2015		2016
2.50% Convertible Notes(1)	$	237,521	$	-	$	-	$	-	$	-	$	-	$	237,521
1.875% Convertible Notes(2)		270,409		-		270,409		-		-		-		-
Ecko Note		75,000		5,000		10,000		10,000		50,000		-		-
Asset-Backed Notes		57,742		13,473		33,468		10,801		-		-		-
Total	$	640,672	$	18,473	$	313,877	$	20,801	$	50,000	$	-	$	237,521

(1) Reflects the net debt carrying amount of the 2.50% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes.  The principal amount owed to the holders of the Convertible Notes is $300.0 million.

(2) Reflects the net debt carrying amount of the 1.875% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes.  The principal amount owed to the holders of the Convertible Notes is $287.5 million.

2.50% Convertible Notes

Details of Convertible Notes Reflected on Unaudited Condensed Consolidated Balance Sheet

As of June 30, 2011, the amount of the 2.50% Convertible Notes accounted for as a liability was approximately $237.5 million and is reflected on the unaudited condensed consolidated balance sheet as follows:

	June 30,
(000’s omitted)	2011
Equity component carrying amount	$	33,875
Unamortized discount		62,479
Net debt carrying amount		237,521

1.875% Convertible Notes

Details of Convertible Notes Reflected on Unaudited Condensed Consolidated Balance Sheet

As of June 30, 2011 and December 31, 2010, the amount of the 1.875% Convertible Notes accounted for as a liability was approximately $270.4 million and $262.7 million, and is reflected on the unaudited condensed consolidated balance sheet as follows:

	June 30,		December 31,
(000’s omitted)	2011		2010
Equity component carrying amount	$	41,309	$	41,309
Unamortized discount		17,091		24,784
Net debt carrying amount		270,409		262,716

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Weighted-Average Assumptions of Options and Warrants for All Years (Detail)	6 Months Ended
	Jun. 30, 2011 Year
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Volatility, minimum	30.00%
Expected Volatility, maximum	50.00%
Expected Dividend Yield	0.00%
Expected Life (Term), minimum	3
Expected Life (Term), maximum	7
Risk-Free Interest Rate, minimum	3.00%
Risk-Free Interest Rate, maximum	4.75%

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Fair Value Measurements - Additional Information (Detail) (USD $) In Millions	12 Months Ended
	Dec. 31, 2010	Jun. 30, 2011	Jan. 31, 2010
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Face value of auction rate securities		$ 13.0
Fair value of auction rate securities		0
Amount that the company seeking in a lawsuit against broker-dealer of auction rate securities			13.0
Pre-tax loss on marketable securities	13.0
New Brands
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the note receivable		1.0
Purim LLC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the note payable		12.0
Beagle Note
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the note receivable		15.3
Joe Boxer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the note receivable		$ 4.0

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Condensed Consolidated Statement of Stockholders' Equity (USD $) In Thousands, except Share data	Total	Common stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Gain	Treasury Stock	Non-Controlling Interest
Beginning Balance at Dec. 31, 2010	$ 1,138,914	$ 74	$ 752,803	$ 294,316		$ (10,831)	$ 102,552
Beginning Balance (in shares) at Dec. 31, 2010		73,930,000
Shares issued on exercise of stock options (in shares)	213,385	213,000
Shares issued on exercise of stock options	1,519		1,519
Shares issued on vesting of restricted stock		181,000
Shares issued for earn-out on acquisition (in shares)		144,000
Shares issued for earn-out on acquisition	427		427
Tax benefit of stock option exercises	910		910
Compensation expense in connection with restricted stock and stock options	4,946		4,946
Cost of shares repurchased on vesting of restricted stock and exercise of stock options	(2,447)					(2,447)
Equity portion of convertible notes	33,875		33,875
Net cost of hedge on convertible notes	(9,374)		(9,374)
Comprehensive income:
Net income	79,972			72,975			6,997
Change in fair value of hedges
Total comprehensive income	79,972
Distributions to joint ventures	(6,983)						(6,983)
Non-controlling interest of acquired companies	14,930						14,930
Ending Balance at Jun. 30, 2011	$ 1,256,689	$ 74	$ 785,106	$ 367,291		$ (13,278)	$ 117,496
Ending Balance (in shares) at Jun. 30, 2011		74,468,000

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Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2011

Weighted-Average Assumptions of Options and Warrants for All Years

The fair value for these options and warrants for all years was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility		30 - 50	%
Expected Dividend Yield		0	%
Expected Life (Term)	3 - 7 years
Risk-Free Interest Rate		3.00 - 4.75	%

Summaries of Options Activity, and Related Information for the Current Quarter

Summaries of the Company's stock options, warrants (other than warrants issued related to our 1.875% Convertible Notes and 2.50% Convertible Notes) and performance related options activity, and related information for the Current Quarter are as follows:

Options				Weighted-Average
	Options			Exercise Price
Outstanding January 1, 2011		2,592,535		$	4.61
Granted		15,000			22.51
Canceled		-			-
Exercised		(213,385	)		7.12
Expired/Forfeited		-			-
Outstanding June 30, 2011		2,394,150		$	4.98
Exercisable at June 30, 2011		2,392,483		$	4.98

Summaries of Warrants and Related Information for the Current Quarter

Warrants

			Weighted-Average
	Warrants		Exercise Price
Outstanding January 1, 2011		253,900	$	17.01
Granted		-		-
Canceled		-		-
Exercised		-		-
Expired/Forfeited		-		-
Outstanding June 30, 2011		253,900	$	17.01
Exercisable at June 30, 2011		253,900	$	17.01

Summary of Unvested Restricted Stock

The following tables summarize information about unvested restricted stock transactions:

				Weighted-Average
	Shares			Grant Date Fair Value
Non-vested, January 1, 2011		1,442,610		$	15.34
Granted		325,490			21.87
Vested		(180,586	)		17.75
Forfeited/Canceled		-			-
Non-vested, June 30, 2011		1,587,514		$	16.40

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Reconciliation of Weighted Average Shares Used in Calculating Basic and Diluted Earnings Per Share (Detail) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Earnings Per Share Disclosure [Line Items]
Basic	72,962	72,169	72,865	71,855
Effect of exercise of stock options	1,172	1,958	1,222	1,949
Effect of contingent common stock issuance			72	176
Effect of assumed vesting of restricted stock	1,289	622	1,237	609
Diluted	75,423	74,749	75,396	74,589

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Segment and Geographic Data (Tables)

6 Months Ended

Jun. 30, 2011

Net Revenues by Type of License and Information by Geographic Region

The net revenues by type of license and information by geographic region are as follows:

	For the three months ended				For the six months ended
(000's omitted)	June 30, (unaudited)				June 30, (unaudited)
	2011		2010		2011		2010
Revenues by product line:
Direct-to-retail license	$	38,537	$	38,199	$	81,154	$	76,763
Wholesale license		46,569		37,339		91,665		69,941
Entertainment and other		4,187		475		8,830		1,013
	$	89,293	$	76,013	$	181,649	$	147,717
Revenues by geographic region:
United States	$	73,783	$	69,751	$	149,693	$	137,924
Other		15,510		6,262		31,956		9,793
	$	89,293	$	76,013	$	181,649	$	147,717

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Basis of Presentation

6 Months Ended

Jun. 30, 2011

Basis of Presentation

1.  Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management of Iconix Brand Group, Inc. (the "Company", “we”, “us”, or “our”), all adjustments (consisting primarily of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months (“Current Quarter”) and six months (“Current Six Months”) ended June 30, 2011 are not necessarily indicative of the results that may be expected for a full fiscal year.

Certain prior period amounts have been reclassified to conform to the current period’s presentation.

For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 (“2010”).

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Related Party Transactions

6 Months Ended

Jun. 30, 2011

Related Party Transactions

10.  Related Party Transactions

The Candie’s Foundation

The Candie's Foundation, a charitable foundation founded by Neil Cole for the purpose of raising national awareness about the consequences of teenage pregnancy, owed the Company $1.1 million and $0.9 million at June 30, 2011 and December 31, 2010, respectively.  In February 2011, the Candie’s Foundation received a contribution of approximately $0.3 million from a licensee of the Company.  The Candie's Foundation intends to pay-off the entire borrowing from the Company during 2011, although additional advances will be made as and when necessary.

Travel

The Company recorded expenses of approximately $80,000 and $100,000 in the Prior Year Quarter and Prior Year Six Months, respectively, for the hire and use of aircraft solely for business purposes owned by a company in which the Company’s chairman, chief executive officer and president is the sole owner.  There were no such expenses in the Current Six Months.  Management believes that all transactions were made on terms and conditions no less favorable than those available in the marketplace from unrelated parties.

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Details of 2.50% Convertible Notes Reflected on Unaudited Condensed Consolidated Balance Sheet (Detail) (2.50% Convertible Notes, USD $) In Thousands	Jun. 30, 2011
2.50% Convertible Notes
Debt Instrument [Line Items]
Equity component carrying amount	$ 33,875
Unamortized discount	62,479
Net debt carrying amount	$ 237,521

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2011

Summary of Financial Instruments Measured at Fair Value

The following table summarizes the instruments measured at fair value at June 30, 2011 and December 31, 2010:

Carrying Amount as of
June 30, 2011							Valuation
(000's omitted)	Level 1		Level 2		Level 3		Technique
Marketable Securities	$	-	$	-	$	-	(A)
Income Statement Hedge	$	-	$	-	$	-	(A)
Balance Sheet Hedge	$	-	$	-	$	-	(A)

Carrying Amount as of
December 31, 2010							Valuation
(000's omitted)	Level 1		Level 2		Level 3		Technique
Marketable Securities	$	-	$	-	$	-	(A)

Summary of Auction Rate Securities Activity During the Period

The following table summarizes the activity for the period:

Auction Rate Securities (000's omitted)
	Six Months Ended June 30,
	2011		2010
Balance at beginning of period	$	-	$	6,988
Additions		-		-
Gains (losses) reported in earnings		-		-
Gains (losses) reported in accumulated other comprehensive income		-		296
Balance at end of period	$	-	$	7,284

Estimated Fair Values of Other Financial Instruments

The estimated fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or rates for the same or similar instruments, and the related carrying amounts are as follows:

(000's omitted)	June 30, 2011				December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt, including current portion	$	640,672	$	750,758	$	584,387	$	607,592

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Condensed Consolidated Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Current Assets:
Cash (including restricted cash of $3,727 in 2011 and $3,300 in 2010)	$ 235,357	$ 121,935
Accounts receivable	66,148	65,507
Deferred income tax assets	1,743	1,743
Other assets - current	24,486	36,681
Total Current Assets	327,734	225,866
Property and equipment:
Furniture, fixtures and equipment	17,335	14,894
Less: Accumulated depreciation	(5,613)	(4,410)
Property and Equipment, Net, Total	11,722	10,484
Other Assets:
Restricted cash	15,866	15,866
Other assets	31,459	43,128
Trademarks and other intangibles, net	1,494,603	1,400,550
Deferred financing costs, net	1,471	3,119
Investments and joint ventures	39,714	59,677
Goodwill	212,042	192,780
Other Assets, Total	1,795,155	1,715,120
Total Assets	2,134,611	1,951,470
Current liabilities:
Accounts payable and accrued expenses	30,034	43,275
Deferred revenue	25,679	16,305
Current portion of long-term debt	307,942	36,380
Other liabilities - current	5,300	4,000
Total current liabilities	368,955	99,960
Deferred income tax liability	156,976	138,577
Long-term debt, less current maturities	332,730	548,007
Deferred revenue	6,403	11,561
Other liabilities	12,858	14,451
Total Liabilities	877,922	812,556
Commitments and contingencies
Stockholders' Equity
Common stock, $.001 par value shares authorized 150,000; shares issued 74,468 and 73,930, respectively	74	74
Additional paid-in capital	785,106	752,803
Retained earnings	367,291	294,316
Accumulated other comprehensive gain
Less: Treasury stock - 1,494 and 1,409 shares at cost, respectively	(13,278)	(10,831)
Total Iconix Brand Group, Inc. Stockholders' Equity	1,139,193	1,036,362
Non-controlling interest	117,496	102,552
Total Stockholders' Equity	1,256,689	1,138,914
Total Liabilities and Stockholders' Equity	$ 2,134,611	$ 1,951,470

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Company's Debt Maturities on Calendar Year Basis (Detail) (USD $) In Thousands	Jun. 30, 2011		Dec. 31, 2010
Debt Instrument [Line Items]
Long term debt	$ 640,672		$ 584,387
July 1 through December 31, 2011	18,473
2012	313,877
2013	20,801
2014	50,000
2016	237,521
2.50% Convertible Notes
Debt Instrument [Line Items]
Long term debt	237,521	[1]
2016	237,521	[1]
1.875% Convertible Notes
Debt Instrument [Line Items]
Long term debt	270,409	[2]	262,716
2012	270,409	[2]
Ecko Note
Debt Instrument [Line Items]
Long term debt	75,000		80,000
July 1 through December 31, 2011	5,000
2012	10,000
2013	10,000
2014	50,000
Asset-Backed Notes
Debt Instrument [Line Items]
Long term debt	57,742		70,650
July 1 through December 31, 2011	13,473
2012	33,468
2013	$ 10,801

[1] Reflects the net debt carrying amount of the 2.50% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes. The principal amount owed to the holders of the Convertible Notes is $300.0 million.

[2] Reflects the net debt carrying amount of the 1.875% Convertible Notes on the unaudited condensed consolidated balance sheet as of June 30, 2011, in accordance with accounting for convertible notes. The principal amount owed to the holders of the Convertible Notes is $287.5 million.

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Subsequent Events - Additional Information (Detail) (IPH Unltd, Zoo York brand, USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2011
IPH Unltd | Zoo York brand
Business Acquisition [Line Items]
Subsequent event date	Jul. 27, 2011
Subsequent event amount	$ 18.0
Percentage of ownership before transaction	51.00%
Percentage of ownership after transaction	100.00%

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Expenses Related to Specific Litigation - Additional Information (Detail) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Loss Contingencies [Line Items]
Expenses related to specific litigation	$ (45)	$ (201)	$ (92)	$ (207)
Unzipped Litigation
Loss Contingencies [Line Items]
Expenses related to specific litigation	$ 100	$ 200	$ 100	$ 200

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Commitments and Contingencies - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	1 Months Ended			3 Months Ended
	Apr. 30, 2011	Feb. 28, 2011	Dec. 10, 2010	Apr. 30, 2011
Guez Defendants
Loss Contingencies [Line Items]
Judgment amount of combined liability to the Company			$ 50
Rate of interest on judgment amount			10.00%
Litigation settlement, gross gain			26.0
Litigation Settlement, Expense			10.3
Litigation settlement, gross gain secured by Sureties			16.7
Proceeds from legal settlements	3.7	13.0		16.7
Iconix Brand Group, Inc
Loss Contingencies [Line Items]
Proceeds from legal settlements	$ 27.7

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Company's Debt Maturities on Calendar Year Basis (Parenthetical) (Detail) (USD $) In Millions	Jun. 30, 2011 2.50% Convertible Notes	May 23, 2011 2.50% Convertible Notes	Jun. 30, 2011 1.875% Convertible Notes	Jun. 20, 2007 1.875% Convertible Notes
Debt Instrument [Line Items]
Principal amount of long term debt	$ 300.0	$ 300.0	$ 287.5	$ 287.5