Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Acquisition of Brands

Since January 1, 2012 the Company has acquired the following brands:

Date Acquired	Brand
November 2012	Umbro
February 2013	Lee Cooper

Since January 1, 2012 the Company has acquired ownership interest in various brands through its investments in joint ventures. The chart below illustrates the Company’s ownership interest in these joint ventures as of December 31, 2014:

Date Acquired/Invested	Brand	Investment / Joint Venture	Iconix’s Investment
December 2012	Modern Amusement	Icon Modern Amusement		51	%
February 2013	Buffalo	Alberta ULC		51	%
November 2014	Nick Graham	NGX		51	%
December 2014	Hydraulic	Hydraulic IP Holdings		51	%

Joint Ventures to Develop and Market Company's Brands

Further, since January 1, 2012 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	%
September 2013	Iconix Australia		50	%
June 2013	Iconix Canada		50	%
October 2013	Iconix Southeast Asia		50	%
December 2013	Iconix Israel		50	%
December 2014	Iconix Middle East		50	%

Other Assets- Current

Other Assets- Current

	December 31, 2014		December 31 2013
Other assets- current consisted of the following:
Short-term receivable- Beagle note receivable	$	2,085	$	2,188
Notes receivables from joint venture partners		24,219		10,413
Prepaid advertising		8,439		5,312
Prepaid expenses		724		294
Prepaid taxes		26,448		10,182
Prepaid insurance		439		589
Due from related parties		3,331		6,106
Other current assets		2,902		3,340
Total	$	68,587	$	38,424

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for FY 2014 and FY 2013 are as follows:

	FY 2014			FY 2013
Beginning balance	$	230,976		$	225,687
Acquisitions		1,130			5,117
Foreign Currency Adjustment		(368	)		172
Ending balance	$	231,738		$	230,976