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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Jun. 30, 2014
Jun. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:                  
Net income $ 62,792 $ 39,274 $ 97,417 $ 81,289 $ 134,534 $ 111,793 $ 163,536 $ 142,587 $ 123,509
Adjustments to reconcile net income to net cash provided by operating activities:                  
Depreciation of property and equipment 695 615 1,404 1,241 2,154 1,897 2,605 2,702 2,784
Amortization of trademarks and other intangibles 1,495 1,874 2,468 3,781 3,392 5,765 4,530 7,428 5,528
Amortization of deferred financing costs 1,403 832 2,711 1,727 3,997 2,898 5,263 4,816 3,263
Amortization of convertible note discount 7,078 3,614 14,428 10,537 22,041 17,705 29,616 24,838 20,098
Stock-based compensation expense 2,515 1,895 8,247 7,931 14,726 12,528 18,492 20,018 11,492
Non-cash gain on re-measurement of equity investment (37,893)   (37,893)   (37,893)   (37,893)    
Provision for doubtful accounts 1,000 1,100 1,956 2,140 5,530 4,968 9,627 9,718 5,362
Earnings on equity investments in joint ventures (3,122) (1,936) (8,797) (4,200) (12,881) (7,588) (17,030) (12,129) (10,887)
Distributions from equity investments 997 2,102 4,767 3,034 6,303 4,217 7,145 13,116 2,265
Gain on sale of securities       (5,395) (125) (5,395) (342) (5,395)  
Gain on sale of trademarks (3,971)   (20,009) (9,769) (38,690) (17,809) (45,840) (32,579) (12,133)
Deferred income tax provision 19,705 7,001 25,644 8,412 29,893 15,246 43,474 31,416 24,385
Changes in operating assets and liabilities, net of business acquisitions:                  
Accounts receivable (8,918) (27,233) (21,509) (20,403) (35,530) (8,186) (22,822) 3,730 (10,942)
Other assets - current 4,001 (1,484) 6,239 (3,145) 31,558 (639) (14,449) (4,491) 20,513
Other assets (7,766) 1,866 (2,581) 7,584 (30,034) 942 (5,719) (9,132) 11,889
Deferred revenue 5,694 13,981 433 18,968 216 13,722 (7,414) 6,102 (3,745)
Accounts payable and accrued expenses 7,040 12,111 9,306 (1,780) 25,255 8,154 29,742 407 13,543
Net cash provided by operating activities 52,745 55,612 84,231 101,952 124,445 160,218 162,521 203,152 206,924
Cash flows used in investing activities:                  
Purchases of property and equipment (315) (117) (851) (668) (1,086) (1,046) (1,505) (1,209) (1,595)
Purchase of securities         (5,998)   (5,998)    
Gain on sale of securities       5,395 720 5,395 6,341 5,395  
Additional investments in joint ventures (22) (37) (2,500) (37) (2,500) (373)   (744) (6,870)
Earn-out payment on acquisitions                 (3,771)
Proceeds from sale of trademarks 995 7,300 9,168 16,141 14,730 23,361 24,915 41,866 2,000
Additions to trademarks (213) (81) (295) (126) (790) (344) (915) (8,372) (633)
Net cash used in investing activities (41,555) (136,102) (36,478) (167,462) (36,924) (226,294) (33,662) (163,351) (244,869)
Cash flows (used in) provided by financing activities:                  
Shares repurchased on the open market (109,422) (158,922) (144,312) (302,764) (168,168) (406,333) (193,434) (436,419) (125,341)
Proceeds from long-term debt   392,000   662,188   662,188   392,000 750,000
Proceeds from sale of warrants   57,707   57,707   57,707   57,707  
Payment for purchase of convertible note hedge   (84,106)   (84,106)   (84,106)   (84,106)  
Payment of long-term debt (15,313) (2,500) (30,624) (67,500) (47,574) (79,800) (62,856) (95,113) (491,765)
Deferred financing costs   (113)   (3,839)   (3,839)   (3,838) (20,941)
Acquisition of equity method investments       (3,000)   (3,000)      
Distributions to non-controlling interest holders (4,023) (212) (8,445) (4,294) (10,110) (4,440) (11,648) (8,290) (9,039)
Payment of note payable to Purim               (3,000)  
Excess tax benefit from share-based payment arrangements 898   1,172   1,480   10,706 1,193 1,495
Cost of shares repurchased on vesting of restricted stock and exercise of stock options (13,571) (2,086) (13,971) (2,488) (13,696) (2,737) (16,024) (3,707) (1,195)
Proceeds from exercise of stock options and warrants 1,861 122 3,440 122 3,512 328 10,088 353 757
Proceeds from Securitization               270,188  
Restricted cash 1,600 (45,172) (1,696) (31,406) 1,708 (29,998) (9,163) (42,496) 4,929
Net cash provided by (used in) financing activities (137,970) 156,718 (194,436) 220,620 (232,848) 105,970 (272,331) (528) 108,900
Effect of exchange rate changes on cash 90 (161) (242) (468) (3,936) 807 (7,298) 844  
Net (decrease) increase in cash and cash equivalents (126,690) 76,067 (146,925) 154,642 (149,263) 40,701 (150,770) 40,117 70,955
Cash and cash equivalents, beginning of period 278,789 238,672 278,789 238,672 278,789 238,672 278,789 238,672 167,717
Cash and cash equivalents, end of period 152,099 314,739 131,864 393,314 129,526 279,373 128,019 278,789 238,672
Cash paid during the period:                  
Income taxes 7 3,740 3,508 16,022 3,508 16,478 3,508 20,054 14,847
Interest 11,931 1,093 24,448 16,999 36,051 27,439 48,224 40,410 16,043
Non-cash investing activities:                  
Sale of trademarks for note receivable     4,516 7,294 39,339 8,919 51,246 15,763 4,000
Non-cash financing activities:                  
Shares repurchased on the open market included in payable         3,459   3,156    
Acquisitions:                  
Common stock issued                 2,221
Buffalo Brand                  
Cash flows used in investing activities:                  
Acquisition of interest   (76,500)   (76,500)   (76,500)   (76,500)  
Lee Cooper                  
Cash flows used in investing activities:                  
Acquisition of interest   $ (66,667)   (66,667)   (66,667)   (66,667)  
Complex Media Inc.                  
Cash flows used in investing activities:                  
Acquisition of interest           (25,120)   (25,120)  
Marcy Media Holdings                  
Cash flows used in investing activities:                  
Acquisition of interest           (32,000)   (32,000)  
Latin America                  
Cash flows used in investing activities:                  
Acquisition of interest             (42,000)    
MG Icon                  
Cash flows used in investing activities:                  
Acquisition of interest                 (4,000)
Cash flows (used in) provided by financing activities:                  
Acquisition of equity method investments (11,000)                
NGX LLC                  
Cash flows used in investing activities:                  
Acquisition of interest             (6,000)    
Hydraulic IP Holdings                  
Cash flows used in investing activities:                  
Acquisition of interest             (6,000)    
iBrands                  
Cash flows used in investing activities:                  
Acquisition of interest             $ (2,500)    
Umbro                  
Cash flows used in investing activities:                  
Acquisition of interest                 (225,000)
Modern Amusement                  
Cash flows used in investing activities:                  
Acquisition of interest                 $ (5,000)
IPH Unltd                  
Cash flows used in investing activities:                  
Acquisition of interest       $ (45,000)   (45,000)      
Cash flows (used in) provided by financing activities:                  
Acquisition of equity method investments               $ (45,000)  
Iconix Latin America                  
Cash flows used in investing activities:                  
Acquisition of interest $ (42,000)   $ (42,000)   $ (42,000)        
Rocawear Diffusion Brand                  
Cash flows used in investing activities:                  
Additions to trademarks           $ (8,000)