Acquisitions, Investments and Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2014

Buffalo Brand

Reconciliation of Cash Paid to New Brands

The following table is a reconciliation of cash paid to sellers and the fair value of the sellers’ non-controlling interest:

Cash paid to sellers	$	76,500
Fair value of 49% non-controlling interest to sellers		59,489
	$	135,989

Estimated Fair Value of Assets Acquired

The fair value of the assets acquired is allocated as follows:

Trademarks	$	142,600
License agreements		2,400
Non-compete agreement		940
Goodwill		4,060
Deferred tax liability		(14,011	)
	$	135,989

Iconix Latin America

Reconciliation of Cash Paid to New Brands

The following is a reconciliation of cash paid to New Brands:

(000’s omitted)
Fair value of 50% interest in Iconix Latin America	$	42,698
Less: note receivable owed to the Company		997
Add: accrued distributions due to New Brands		(1,695	)
Cash paid to New Brands	$	42,000

Estimated Fair Value of Assets Acquired

The estimated fair value of the assets acquired, less liabilities assumed, is allocated as follows:

Fair value of 50% interest in Iconix Latin America	$	42,698
Value of initial equity investment prior to 2014 Buy-out		4,805
Gain on re-measurement of initial equity investment		37,893
	$	85,396
Trademarks		82,400
License agreements		700
Cash		1,842
Net working deficit, excluding cash		(676	)
Goodwill		1,130
	$	85,396

Iconix Europe

Estimated Fair Value of Assets Acquired

The estimated fair value of the assets acquired, less liabilities assumed, is allocated as follows:

Fair value of 50% interest in Iconix Europe	$	13,800
Value of initial equity investment prior to this transaction		13,800
Gain on re-measurement of initial equity investment		—
	$	27,600
Trademarks		27,000
Cash		677
Net working deficit, excluding cash		(77	)
	$	27,600