Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Acquisition of Ownership Interest in Joint Ventures

The chart below illustrates the Company’s ownership interest in these joint ventures as of December 31, 2013:


Date Acquired/Invested	Brand	Investment / Joint Venture	Iconix’s Investment
April 2011⁽¹⁾	Ed Hardy	Hardy Way		85	%
December 2012	Modern Amusement	Icon Modern Amusement		51	%
February 2013	Buffalo	Alberta ULC		51	%

(1)	In May 2009 the Company purchased a 50% in Hardy Way. In April 2011, the Company acquired an additional interest in Hardy Way to bring its total ownership interest in Hardy Way to 85%. See Note 3 for additional details on this transaction.

Joint Ventures to Develop and Market Company's Brands

Further, since January 1, 2011 the Company established the following joint ventures to develop and market the Company’s brands in specific international markets:


Date Created	Investment / Joint Venture	Iconix’s Investment
May 2012	Iconix India		50	%
June 2013	Iconix Australia		50	%
September 2013	Iconix Canada		50	%
October 2013	Iconix Southeast Asia		50	%
December 2013	Iconix Israel		50	%

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for FY 2013 and FY 2012 are as follows:


	FY 2013		FY 2012
	(in 000’s)
Beginning balance	$	225,687	$	223,269
Acquisitions		5,117		2,300
Net adjustments to purchase price of prior period acquisitions		172		118

Ending balance	$	230,976	$	225,687