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Consolidated Interim Financial Information (Tables)
12 Months Ended
Dec. 31, 2014
Unaudited Interim Consolidated Financial Information

Consolidated financial information FY 2014 and FY 2013 is summarized as follows:

 

    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 
    (in 000’s except per share data)  

FY 2014(1)

       

Licensing revenue

  $ 112,167      $ 97,542      $ 95,070      $ 102,161   

Other revenue

    3,971        21,401        18,680        10,251   

Operating income

    67,936        74,650        63,560        49,687   

Net income attributable to Iconix Brand Group, Inc.

    59,768        35,319        33,779        23,870   

Basic earnings per share

  $ 1.21        0.73        0.70        0.50   

Diluted earnings per share

    1.03        0.60        0.58        0.44   

FY 2013(2)

       

Licensing revenue

  $ 105,062      $ 105,356      $ 99,364      $ 88,265   

Other revenue

    —          9,769        7,811        16,999   

Operating income

    66,236        71,514        61,470        58,191   

Net income attributable to Iconix Brand Group, Inc.

    34,189        38,716        28,997        26,146   

Basic earnings per share

  $ 0.53      $ 0.69      $ 0.54      $ 0.51   

Diluted earnings per share

  $ 0.51      $ 0.66      $ 0.50      $ 0.44   

 

(1) FY 2014: Other revenue includes a net gain of approximately $4.0 million related to the Iconix LC Partners U.S. transaction in the first quarter, a net gain of approximately $13.6 million and $18.7 million related to additional Iconix SE Asia transactions in the second and third quarter, respectively, a net gain of $7.8 million on the sale of the “sharperimage.com” domain name and certain categories under the Sharper Image trademark in the second quarter, and net gain of $10.3 million related to the Iconix Middle East transaction in the fourth quarter. See Note 3 for a description of these transactions. Included in net income attributable to Iconix Brand Group, Inc is a non-cash pre-tax remeasurement gain of approximately $37.9 million related to the purchase of the remaining interest in Iconix Latin America in the first quarter.

 

(2) FY 2013: Other revenue includes a net gain of approximately $9.8 million related to the Iconix Canada transaction in the second quarter, a net gain of approximately $5.1 million related to the Iconix Australia transaction in the third quarter, and net gains of $4.7 million, $2.3 million, and $10.0 million related to the Iconix SE Asia, Iconix Israel and Umbro Korea transactions, respectively, in the fourth quarter. See Note 3 for a description of these transactions.