Related Party Transactions

3 Months Ended

Mar. 31, 2016

Related Party Transactions [Abstract]

Related Party Transactions

10. Related Party Transactions

The Candie’s Foundation

The Candie’s Foundation is a charitable foundation founded by Neil Cole, the Company’s former Chairman and Chief Executive Officer, for the purpose of raising national awareness about the consequences of teenage pregnancy. As of March 31, 2016 and December 31, 2015, the Company owed the Candie’s Foundation less than $0.1 million. The Company intends to pay-off the entire amount due the Candie’s Foundation during 2016.  As of December 31, 2015, the Candie’s Foundation is no longer considered a related party of the Company.

Other

The Company incurred advertising expenses with Complex Media, Inc. to promote certain of the Company’s men’s brands.  The Company owns a minority interest in Complex Media, Inc. as discussed in Note 3.  There were no advertising expenses with Complex Media, Inc. for the Current Quarter and Prior Year Quarter, respectively, and no related accounts payable as of March 31, 2016 as compared to $0.2 million as of December 31, 2015.  Management believes that all transactions were made on terms and conditions no less favorable than those available in the marketplace from unrelated parties.

During the Current Quarter and the Prior Year Quarter, the Company incurred less than $0.1 million per year in consulting fees in connection with a consulting arrangement entered into with Mark Friedman, a member of the Company’s Board of Directors, relating to the provision by Mr. Friedman of investor relations services.  Such consulting agreement was terminated on May 3, 2016.

The Company has entered into certain license agreements in which the core licensee is also one of our joint venture partners.  For the Current Quarter and Prior Year Quarter, the Company recognized the following royalty revenue amounts:

	Three Months Ended March 31,
	2016		2015 (restated)
Joint Venture Partner
Global Brands Group Asia Limited (1)	$	815	$	1,383
Buffalo International ULC		3,438		2,817
Rise Partners, LLC / Top On International Group Limited		496		2,422
M.G.S. Sports Trading Limited		141		122
Pac Brands USA, Inc.		140		216
NGO, LLC		300		202
Albion Equity Partners LLC / GL Damek		412		671
Anthony L&S		—		364
Roc Nation		—		100
	$	5,742	$	8,297

⁽¹⁾ Global Brands Group Asia Limited also serves as agent to Peanuts Worldwide for the Greater China Territory for Peanuts brands.  For the Current Quarter and Prior Year Quarter, Global Brands Group Asia Limited earned fees of approximately $0.7 million and $0.8 million, respectively, in its capacity as agent to Peanuts Worldwide.