XML 95 R82.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Tax Provision (Benefit) for Federal, and State and Local Income Taxes (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
[1]
Sep. 30, 2015
[1]
Jun. 30, 2015
[1]
Mar. 31, 2015
[1]
Dec. 31, 2014
[2]
Sep. 30, 2014
[2]
Jun. 30, 2014
[2]
Mar. 31, 2014
[2]
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Current:                      
Current income tax expense, Federal                 $ 6,927 $ 1,511 $ 8,817
Current income tax expense, State and local                 3,765 1,500 1,524
Current income tax expense, Foreign                 6,800 13,153 16,318
Total current                 17,492 16,164 26,659
Deferred:                      
Deferred income tax expense, Federal                 (110,705) 27,705 21,870
Deferred income tax expense, State and local                 (431) 3,996 630
Deferred income tax expense, Foreign                 (1,700) 423 436
Total deferred                 (112,836) 32,124 22,936
Provision (benefit) for income taxes $ (140,427) $ 6,275 $ 11,536 $ 27,272 $ 5,210 $ 8,867 $ 14,213 $ 19,998 $ (95,344) $ 48,288 $ 49,595
[1] FY 2015: Operating income (loss), net includes a non-cash impairment charge of $437.5 million primarily related to the men’s brands recorded in the fourth quarter. Included in net income (loss) attributable to Iconix Brand Group, Inc. is a non-cash pre-tax re-measurement gain of approximately $50.0 million related to the purchase of the remaining interest in Iconix China in the first quarter.
[2] FY 2014 (Restated): Operating income, net includes a net gain of $6.4 million on the sale of the “sharperimage.com” domain name and certain categories under the Sharper Image trademark in the second quarter. Included in net income attributable to Iconix Brand Group, Inc is a non-cash pre-tax re-measurement gain of approximately $34.7 million related to the purchase of the remaining interest in Iconix Latin America in the first quarter.