The following tables set forth a reconciliation of previously reported and restated selected financial data as of the dates and for the periods shown:

	Year Ended December 31, 2014
	As Previously Reported			Adjustments			As Restated
Assets
Current Assets:
Cash and cash equivalents	$	128,019		$	20		$	128,039
Restricted cash		59,560			—			59,560
Accounts receivable, net		115,066			(2,719	)		112,347
Deferred income tax assets		10,328			—			10,328
Other assets – current		66,781			(22,693	)		44,088
Total Current Assets		379,754			(25,392	)		354,362
Property and equipment:
Furniture, fixtures and equipment		22,704			—			22,704
Less: Accumulated depreciation		(14,946	)		—			(14,946	)
		7,758			—			7,758
Other Assets:
Other assets		63,334			(11,469	)		51,865
Trademarks and other intangibles, net		2,024,541			(28,207	)		1,996,334
Deferred financing costs, net		19,842			-			19,842
Investments and joint ventures		140,910			(30,805	)		110,105
Goodwill		231,738			1,038			232,776
		2,480,365			(69,443	)		2,410,922
Total Assets	$	2,867,877		$	(94,835	)	$	2,773,042
Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	38,762		$	(107	)	$	38,655
Deferred revenue		24,978			890			25,868
Current portion of long-term debt		61,123			—			61,123
Other liabilities – current		12,741			(6,338	)		6,403
Total current liabilities		137,604			(5,555	)		132,049
Deferred income tax liability		320,792			(20,810	)		299,982
Other tax liabilities		—			—			—
Long-term debt, less current maturities		1,332,954			—			1,332,954
Other liabilities		11,660			5,264			16,924
Total Liabilities	$	1,803,010		$	(21,101	)	$	1,781,909
Redeemable Non-Controlling Interests, net of installment payments due from non-controlling interest holders		14,224			25,472			39,696
Commitments and contingencies
Stockholders’ Equity:
Common stock		79			—			79
Additional paid-in capital		948,714			(7,792	)		940,922
Retained earnings		805,526			(91,707	)		713,819
Accumulated other comprehensive loss		(24,186	)		—			(24,186	)
Less: Treasury stock		(812,429	)		—			(812,429	)
Total Iconix Brand Group, Inc. Stockholders’ Equity		917,704			(99,499	)		818,205
Non-controlling interests, net of installment payments due from non-controlling interest holders		132,939			293			133,232
Total Stockholders’ Equity	$	1,050,643		$	(99,206	)	$	951,437
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,867,877		$	(94,835	)	$	2,773,042

	Year Ended December 31, 2014
	As Previously Reported		Adjustments			As Restated
Licensing revenue	$	394,157	$	(2,667	)	$	391,490
Other revenue⁽¹⁾		45,840		(45,840	)		—
Total revenue		439,997		(48,507	)		391,490
Selling, general and administrative expenses		190,153		(1,367	)		188,786
Gains on sale of trademarks⁽¹⁾		—		(6,399	)		(6,399	)
Equity earnings on joint ventures⁽²⁾		—		(11,325	)		(11,325	)
Operating income		249,844		(29,416	)		220,428
Other expenses - net⁽²⁾		26,667		26,651			53,318
Income before taxes		223,177		(56,067	)		167,110
Provision for income taxes		59,641		(11,353	)		48,288
Net income	$	163,536	$	(44,714	)	$	118,822
Less: Net income attributable to non-controlling interest		14,693		406			15,099
Net income attributable to Iconix Brand Group, Inc.	$	148,843	$	(45,120	)	$	103,723
Earnings per share:
Basic	$	3.07	$	(0.93	)	$	2.14
Diluted	$	2.59	$	(0.78	)	$	1.81
Comprehensive income	$	122,864	$	(44,714	)	$	78,150
Comprehensive income attributable to Iconix Brand Group, Inc.	$	108,171	$	(45,120	)	$	63,051

⁽¹⁾

Gains on sale of trademarks was previously reported as other revenue. Many of the gains recorded upon formation of certain joint ventures were reversed as a result of consolidation. The gains that were not impacted by consolidation, and therefore not reversed, have been reclassified and are being presented as a separate line item above operating income.

⁽²⁾	Equity earnings from joint ventures was previously reported within other expenses – net and has been reclassified and is being presented as a component of operating income.

	Year Ended December 31, 2013
	As Previously Reported		Adjustments			As Restated
Licensing revenue	$	398,047	$	(7,473	)	$	390,574
Other revenue⁽¹⁾		32,579		(32,579	)		—
Total revenue		430,626		(40,052	)		390,574
Selling, general and administrative expenses		173,215		(54	)		173,161
Gains on sale of trademarks⁽¹⁾		—		(7,354	)		(7,354	)
Equity earnings on joint ventures⁽²⁾		—		(10,211	)		(10,211	)
Operating income		257,411		(22,433	)		234,978
Other expenses - net⁽²⁾		56,749		11,342			68,091
Income before taxes		200,662		(33,775	)		166,887
Provision for income taxes		58,075		(8,480	)		49,595
Net income	$	142,587	$	(25,295	)	$	117,292
Less: Net income attributable to non-controlling interest		14,539		(2,236	)		12,303
Net income attributable to Iconix Brand Group, Inc.	$	128,048	$	(23,059	)	$	104,989
Earnings per share:
Basic	$	2.28	$	(0.41	)	$	1.87
Diluted	$	2.11	$	(0.38	)	$	1.73
Comprehensive income	$	159,073	$	(25,295	)	$	133,778
Comprehensive income attributable to Iconix Brand Group, Inc.	$	144,534	$	(23,059	)	$	121,475

⁽¹⁾

⁽²⁾	Equity earnings from joint ventures was previously reported within other expenses – net and has been reclassified and is being presented as a component of operating income.

Additionally, the opening stockholders’ equity, as of January 1, 2013, was adjusted as follows:

	As of January 1, 2013
	As Previously Reported			Adjustments			As Restated
Stockholders’ Equity:
Common stock		77			—			77
Additional paid-in capital		815,935			—			815,935
Retained earnings		529,829			(20,224	)		509,605
Accumulated other comprehensive loss		—			—			—
Less: Treasury stock		(159,690	)		—			(159,690	)
Total Iconix Brand Group, Inc. Stockholders’ Equity		1,186,151			(20,224	)		1,165,927
Non-controlling interests, net of installment payments due from non-controlling interest holders		113,689			(2,250	)		111,439
Total Stockholders’ Equity	$	1,299,840		$	(22,474	)	$	1,277,366