XML 68 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 167,429us-gaap_ProfitLoss $ 142,587us-gaap_ProfitLoss $ 123,509us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property and equipment 2,605us-gaap_Depreciation 2,702us-gaap_Depreciation 2,784us-gaap_Depreciation
Amortization of trademarks and other intangibles 4,530us-gaap_AmortizationOfIntangibleAssets 7,428us-gaap_AmortizationOfIntangibleAssets 5,528us-gaap_AmortizationOfIntangibleAssets
Amortization of deferred financing costs 5,263us-gaap_AmortizationOfFinancingCosts 4,816us-gaap_AmortizationOfFinancingCosts 3,263us-gaap_AmortizationOfFinancingCosts
Amortization of convertible note discount 29,616us-gaap_AmortizationOfDebtDiscountPremium 24,838us-gaap_AmortizationOfDebtDiscountPremium 20,098us-gaap_AmortizationOfDebtDiscountPremium
Stock-based compensation expense 18,492us-gaap_ShareBasedCompensation 20,018us-gaap_ShareBasedCompensation 11,492us-gaap_ShareBasedCompensation
Non-cash gain on re-measurement of equity investment (37,893)us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain    
Provision for doubtful accounts 11,127us-gaap_ProvisionForDoubtfulAccounts 9,718us-gaap_ProvisionForDoubtfulAccounts 5,362us-gaap_ProvisionForDoubtfulAccounts
Earnings on equity investments in joint ventures (17,030)us-gaap_IncomeLossFromEquityMethodInvestments (12,129)us-gaap_IncomeLossFromEquityMethodInvestments (10,887)us-gaap_IncomeLossFromEquityMethodInvestments
Distributions from equity investments 7,145icon_ProceedsFromContributionsFromPaymentsOfDistributionsToAffiliates 13,116icon_ProceedsFromContributionsFromPaymentsOfDistributionsToAffiliates 2,265icon_ProceedsFromContributionsFromPaymentsOfDistributionsToAffiliates
Gain on sale of securities (342)us-gaap_GainLossOnSaleOfSecuritiesNet (5,395)us-gaap_GainLossOnSaleOfSecuritiesNet  
Gain on sale of trademarks (54,303)us-gaap_GainLossOnDispositionOfIntangibleAssets (34,579)us-gaap_GainLossOnDispositionOfIntangibleAssets (12,133)us-gaap_GainLossOnDispositionOfIntangibleAssets
Deferred income tax provision 45,573us-gaap_DeferredIncomeTaxExpenseBenefit 31,416us-gaap_DeferredIncomeTaxExpenseBenefit 24,385us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in operating assets and liabilities, net of business acquisitions:      
Accounts receivable (28,031)us-gaap_IncreaseDecreaseInAccountsReceivable 3,730us-gaap_IncreaseDecreaseInAccountsReceivable (10,942)us-gaap_IncreaseDecreaseInAccountsReceivable
Other assets - current (10,892)us-gaap_IncreaseDecreaseInOtherCurrentAssets (2,491)us-gaap_IncreaseDecreaseInOtherCurrentAssets 20,513us-gaap_IncreaseDecreaseInOtherCurrentAssets
Other assets (5,719)us-gaap_IncreaseDecreaseInOtherOperatingAssets (9,132)us-gaap_IncreaseDecreaseInOtherOperatingAssets 11,889us-gaap_IncreaseDecreaseInOtherOperatingAssets
Deferred revenue (7,414)us-gaap_IncreaseDecreaseInDeferredRevenue 6,102us-gaap_IncreaseDecreaseInDeferredRevenue (3,745)us-gaap_IncreaseDecreaseInDeferredRevenue
Accounts payable and accrued expenses 32,365us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 407us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 13,543us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 162,521us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 203,152us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 206,924us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows used in investing activities:      
Purchases of property and equipment (1,505)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,209)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,595)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of securities (5,998)us-gaap_PaymentsToAcquireMarketableSecurities    
Proceeds from sale of securities 6,341us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 5,395us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities  
Additional investments in joint ventures   (744)us-gaap_PaymentsToAcquireInterestInJointVenture (6,870)us-gaap_PaymentsToAcquireInterestInJointVenture
Earn-out payment on acquisitions     (3,771)icon_EarnoutConsiderationAssociatedWithAcquisition
Proceeds from sale of trademarks 24,915us-gaap_ProceedsFromSaleOfIntangibleAssets 41,866us-gaap_ProceedsFromSaleOfIntangibleAssets 2,000us-gaap_ProceedsFromSaleOfIntangibleAssets
Additions to trademarks (915)us-gaap_PaymentsToAcquireIntangibleAssets (8,372)us-gaap_PaymentsToAcquireIntangibleAssets (633)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash used in investing activities (33,662)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (163,351)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (244,869)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows (used in) provided by financing activities:      
Shares repurchased on the open market (193,434)us-gaap_PaymentsForRepurchaseOfCommonStock (436,419)us-gaap_PaymentsForRepurchaseOfCommonStock (125,341)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from long-term debt   392,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 750,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
Proceeds from sale of warrants   57,707us-gaap_ProceedsFromIssuanceOfWarrants  
Payment for purchase of convertible note hedge   (84,106)icon_PurchaseOfConvertibleNoteHedges  
Payment of long-term debt (62,856)us-gaap_RepaymentsOfLongTermDebt (95,113)us-gaap_RepaymentsOfLongTermDebt (491,765)us-gaap_RepaymentsOfLongTermDebt
Deferred financing costs   (3,838)us-gaap_PaymentsOfFinancingCosts (20,941)us-gaap_PaymentsOfFinancingCosts
Distributions to non-controlling interests (11,648)icon_CashDistributionToNoncontrollingInterest (8,290)icon_CashDistributionToNoncontrollingInterest (9,039)icon_CashDistributionToNoncontrollingInterest
Payment of note payable to Purim   (3,000)us-gaap_RepaymentsOfNotesPayable  
Excess tax benefit from share-based payment arrangements 10,706us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,193us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,495us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cost of shares repurchased on vesting of restricted stock and exercise of stock options (16,024)us-gaap_PaymentsForRepurchaseOfEquity (3,707)us-gaap_PaymentsForRepurchaseOfEquity (1,195)us-gaap_PaymentsForRepurchaseOfEquity
Proceeds from exercise of stock options and warrants 10,088us-gaap_ProceedsFromStockOptionsExercised 353us-gaap_ProceedsFromStockOptionsExercised 757us-gaap_ProceedsFromStockOptionsExercised
Proceeds from Securitization   270,188us-gaap_ProceedsFromAccountsReceivableSecuritization  
Restricted cash (9,163)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (42,496)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities 4,929us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Net cash provided by (used in) financing activities (272,331)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (528)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 108,900us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash (7,298)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 844us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents  
Net increase (decrease) in cash and cash equivalents (150,770)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 40,117us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 70,955us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 278,789us-gaap_CashAndCashEquivalentsAtCarryingValue 238,672us-gaap_CashAndCashEquivalentsAtCarryingValue 167,717us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 128,019us-gaap_CashAndCashEquivalentsAtCarryingValue 278,789us-gaap_CashAndCashEquivalentsAtCarryingValue 238,672us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the year:      
Income taxes 3,508us-gaap_IncomeTaxesPaid 20,054us-gaap_IncomeTaxesPaid 14,847us-gaap_IncomeTaxesPaid
Interest 48,224us-gaap_InterestPaid 40,410us-gaap_InterestPaid 16,043us-gaap_InterestPaid
Non-cash investing activities:      
Sale of trademarks for notes receivable 51,246us-gaap_NotesAssumed1 15,763us-gaap_NotesAssumed1 4,000us-gaap_NotesAssumed1
Non-cash financing activities:      
Shares repurchased on the open market included in payable 3,156icon_ShareRepurchasedValue    
Acquisitions:      
Common stock issued     2,221us-gaap_StockIssued1
Buffalo Brand      
Cash flows used in investing activities:      
Acquisition of interest   (76,500)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_BuffaloInternationalUlcMember
 
Lee Cooper      
Cash flows used in investing activities:      
Acquisition of interest   (66,667)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_LeeCooperMember
 
Complex Media Inc.      
Cash flows used in investing activities:      
Acquisition of interest   (25,120)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_ComplexMediaIncMember
 
Marcy Media Holdings      
Cash flows used in investing activities:      
Acquisition of interest   (32,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_MarcyMediaLlcMember
 
Latin America      
Cash flows used in investing activities:      
Acquisition of interest (42,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= us-gaap_LatinAmericaMember
   
MG Icon      
Cash flows used in investing activities:      
Acquisition of interest     (4,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_MgIconLlcMember
NGX LLC      
Cash flows used in investing activities:      
Acquisition of interest (6,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_NgxLlcMember
   
Hydraulic IP Holdings      
Cash flows used in investing activities:      
Acquisition of interest (6,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_HydraulicIpHoldingsMember
   
iBrands      
Cash flows used in investing activities:      
Acquisition of interest (2,500)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_IBrandsMember
   
Umbro      
Cash flows used in investing activities:      
Acquisition of interest     (225,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_UmbroMember
Modern Amusement      
Cash flows used in investing activities:      
Acquisition of interest     (5,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= icon_ModernAmusementMember
IPH Unltd      
Cash flows (used in) provided by financing activities:      
Acquisition of equity method investments   $ (45,000)us-gaap_PaymentsToAcquireEquityMethodInvestments
/ us-gaap_BusinessAcquisitionAxis
= icon_IpHoldingsUnltdLlcMember