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Acquisitions, Joint Ventures and Investments (Tables)

9 Months Ended

Sep. 30, 2015

The following is a reconciliation of cash paid to New Brands:

Fair value of 50% interest in Iconix Latin America	$	42,698
Less: note receivable owed to the Company		(1,695	)
Add: accrued distributions due to New Brands		997
Cash paid to New Brands	$	42,000

The estimated fair value of the assets acquired, less liabilities assumed, is allocated as follows:

Fair value of 50% interest in Iconix Latin America	$	42,698
Value of initial equity investment prior to 2014 Buy-out		7,950
Gain on re-measurement of initial equity investment		34,748
	$	85,396
Trademarks		82,400
License agreements		700
Cash		1,842
Working capital deficit		(676	)
Goodwill		1,130
	$	85,396

The estimated fair value of the assets acquired, less liabilities assumed, is allocated as follows:

Fair value of 50% interest in Iconix Europe	$	13,800
Value of initial equity investment prior to 2014 Buy-out		19,651
Loss on re-measurement of initial equity investment		(5,851	)
	$	27,600
Trademarks		27,000
Cash		677
Working capital deficit, excluding cash		(77	)
	$	27,600

The following table is a reconciliation of cash paid to sellers and the fair value of the sellers’ non-controlling interest:

Cash paid to sellers, less amount classified as a note receivable	$	39,614
Fair value of 49% non-controlling interest to sellers		59,489
	$	99,103

The estimated fair value of the assets acquired is as follows:

The following is a reconciliation of consideration paid to Novel:

Cash paid to Novel	$	40,400
Shares issued to Novel		15,703
Offset of accounts receivable		1,269
Fair value of 50% interest in Iconix China	$	57,372

The estimated fair value of the assets acquired, less liabilities assumed, is allocated as follows:

Fair value of 50% interest in Iconix China	$	57,372
Book value of Company equity investment prior to 2015 Buy-out		7,382
Gain on re-measurement of initial equity investment		49,990
	$	114,744
Trademarks		40,501
Investments in private companies		38,870
Cash		20,184
Other assets		5,997
Accrued expenses		(447	)
Goodwill		9,639
	$	114,744

Investments in Iconix China

Through our ownership of Iconix China (see above), we have equity interests in the following private companies:

Brands Placed	Partner	Ownership by Iconix China			Value of Investment As of September 30, 2015
Candie’s	Candies Shanghai Fashion Co., Ltd.		20	%	$	9,494
Marc Ecko	Shanghai MuXiang Apparel & Accessory Co. Ltd.		15	%		2,293
Royal Velvet	Bai Shi Kou International (Qingdao) Home Products Co. Ltd.		20	%		56
Material Girl	Ningbo Material Girl Fashion Co., Ltd.		20	%		4,239
Ed Hardy	Tangli International Holdings Ltd.		20	%		12,286
Ecko Unltd	Ai Xi Enterprise (Shanghai) Co. Limited.		20	%		11,102
					$	39,470

The cash paid to the Seller and the estimated fair value of the assets acquired, is allocated as follows:

The following table is a reconciliation of cash paid to Pony Sellers and the fair value of ALS’s non-controlling interest:

Cash paid to Pony Sellers	$	37,000
Fair value of 25% non-controlling interest to ALS		12,333
Fair value of PONY	$	49,333

The estimated fair value of the assets acquired is allocated as follows: