The impact of all of the changes described above on the Company’s previously reported consolidated financial statements for the years ended December 31, 2013 and December 31, 2014 were reflected in the financial statements included in the Company’s most recently filed Form 10-K. The impact of these changes on the Company’s previously reported financial statements for the three months and six months ended June 30, 2015 are identified in the table below:

	As of June 30, 2015
	As Previously Reported			Adjustments			As Restated
Assets
Current Assets:
Cash and cash equivalents	$	117,874		$	69		$	117,943
Restricted cash		64,923			—			64,923
Accounts receivable, net		126,257			(4,766	)		121,491
Deferred income tax assets		21,436			—			21,436
Other assets – current⁽¹⁾		49,780			(8,278	)		41,502
Total Current Assets		380,270			(12,975	)		367,295
Property and equipment:
Furniture, fixtures and equipment		23,435			—			23,435
Less: Accumulated depreciation		(15,839	)		—			(15,839	)
		7,596			—			7,596
Other Assets:
Other assets		52,341			(17,886	)		34,455
Trademarks and other intangibles, net⁽¹⁾		2,183,447			(80,283	)		2,103,164
Deferred financing costs, net		17,383			—			17,383
Investments and joint ventures⁽¹⁾		182,760			(34,307	)		148,453
Goodwill⁽¹⁾		238,187			53,526			291,713
		2,674,118			(78,950	)		2,595,168
Total Assets	$	3,061,984		$	(91,925	)	$	2,970,059
Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	45,173		$	(388	)	$	44,785
Deferred revenue		29,439			693			30,132
Current portion of long-term debt		347,918			—			347,918
Other liabilities – current		15,447			(11,947	)		3,500
Total current liabilities		437,977			(11,642	)		426,335
Deferred income tax liability		359,721			(20,601	)		339,120
Long-term debt, less current maturities		1,130,667			—			1,130,667
Other liabilities		10,570			5,265			15,835
Total Liabilities	$	1,938,935		$	(26,978	)	$	1,911,957
Redeemable Non-Controlling Interests, net of installment payments due from non-controlling interest holders		14,582			32,572			47,154
Commitments and contingencies
Stockholders’ Equity:
Common stock		80			—			80
Additional paid-in capital		970,245			(7,433	)		962,812
Retained earnings		883,997			(93,579	)		790,418
Accumulated other comprehensive loss		(55,003	)		506			(54,497	)
Less: Treasury stock		(836,501	)		—			(836,501	)
Total Iconix Brand Group, Inc. Stockholders’ Equity		962,818			(100,506	)		862,312
Non-controlling interests, net of installment payments due from non-controlling interest holders		145,649			2,987			148,636
Total Stockholders’ Equity	$	1,108,467		$	(97,519	)	$	1,010,948
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	3,061,984		$	(91,925	)	$	2,970,059

⁽¹⁾

Included in the adjustment amounts for goodwill, trademarks and other intangibles, net, investments and joint ventures, and other assets – current are adjustments of $52.5 million, $(52.1) million, $(3.8) million and $3.4 million, respectively, which were not part of the restatement but are to reflect the final purchase price allocation (which was completed in the fourth quarter of 2015) for the buy-out of the remaining 50% interest in Iconix China as well as the acquisitions of Strawberry Shortcake and PONY. Refer to Note 2 and 3 for further details.

	Three Months Ended June 30, 2015								Six Months Ended June 30, 2015
	As Previously Reported		Adjustments			As Restated			As Previously Reported			Adjustments			As Restated
Licensing revenue	$	96,221	$	1,177		$	97,398		$	190,018		$	3,194		$	193,212
Total revenue		96,221		1,177			97,398			190,018			3,194			193,212
Selling, general and administrative expenses		46,656		381			47,037			87,864			198			88,062
Equity on earnings on joint ventures⁽²⁾		—		(1,463	)		(1,463	)		—			(2,650	)		(2,650	)
Operating income		49,565		2,259			51,824			102,154			5,646			107,800
Other expenses (income) - net⁽²⁾		17,983		3,352			21,335			(22,545	)		3,538			(19,007	)
Income before taxes		31,582		(1,093	)		30,489			124,699			2,108			126,807
Provision for income taxes		12,193		(657	)		11,536			38,558			249			38,807
Net income	$	19,389	$	(436	)	$	18,953		$	86,141		$	1,859		$	88,000
Less: Net income attributable to non-controlling interest	$	4,603	$	612		$	5,215		$	7,670		$	1,232		$	8,902
Net income attributable to Iconix Brand Group, Inc.	$	14,786	$	(1,048	)	$	13,738		$	78,471		$	627		$	79,098

Earnings per share:
Basic	$	0.31	$	(0.02	)	$	0.28		$	1.63		$	0.01		$	1.64
Diluted	$	0.30	$	(0.02	)	$	0.28		$	1.55		$	0.01		$	1.56

Comprehensive income	$	26,811	$	(443	)	$	26,368		$	55,324		$	2,365		$	57,689
Comprehensive income attributable to Iconix Brand Group, Inc.	$	22,208	$	(1,055	)	$	21,153		$	47,654		$	1,133		$	48,787


	Three Months Ended June 30, 2014								Six Months Ended June 30, 2014
	As Previously Reported		Adjustments			As Restated			As Previously Reported			Adjustments			As Restated
Licensing revenue	$	96,071	$	(955	)	$	95,116		$	207,723		$	(2,207	)	$	205,516
Other revenue⁽¹⁾		16,038		(16,038	)		—			20,009			(20,009	)		—
Total revenue		112,109		(16,993	)		95,116			227,732			(22,216	)		205,516
Selling, general and administrative expenses		43,855		61			43,916			91,619			(32	)		91,587
Gains on sale of trademarks⁽¹⁾		—		(6,399	)		(6,399	)		—			(6,399	)		(6,399	)
Equity on earnings on joint ventures⁽²⁾		—		(4,261	)		(4,261	)		—			(6,043	)		(6,043	)
Operating income		68,254		(6,394	)		61,860			136,113			(9,742	)		126,371
Other expenses (income) - net⁽²⁾		15,090		5,608			20,698			(5,370	)		17,550			12,180
Income before taxes		53,164		(12,002	)		41,162			141,483			(27,292	)		114,191
Provision for income taxes		18,539		(4,326	)		14,213			44,066			(9,856	)		34,210
Net income	$	34,625	$	(7,676	)	$	26,949		$	97,417		$	(17,436	)	$	79,981
Less: Net income attributable to non-controlling interest	$	3,463	$	59		$	3,522		$	6,537		$	102		$	6,639
Net income attributable to Iconix Brand Group, Inc.	$	31,162	$	(7,735	)	$	23,427		$	90,880		$	(17,538	)	$	73,342

Earnings per share:
Basic	$	0.64	$	(0.16	)	$	0.48		$	1.85		$	(0.36	)	$	1.50
Diluted	$	0.53	$	(0.13	)	$	0.40		$	1.56		$	(0.30	)	$	1.26

Comprehensive income	$	32,293	$	(7,389	)	$	24,904		$	94,797		$	(18,259	)	$	76,538
Comprehensive income attributable to Iconix Brand Group, Inc.	$	28,830	$	(7,448	)	$	21,382		$	88,260		$	(18,361	)	$	69,899

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