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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Licensing revenue $ 91,332 $ 89,965 $ 284,544 $ 295,481
Selling, general and administrative expenses 63,900 46,827 151,961 138,413
Gains on sale of trademarks 0 0 0 (6,399) [1]
Equity earnings on joint ventures (350) (2,639) (3,000) (8,683)
Operating income 27,782 45,777 135,583 172,150
Other expenses (income):        
Interest expense 22,252 21,130 64,950 63,533
Interest income (874) (746) (3,030) (2,439)
Other income   (125) (50,780) (29,022)
Foreign currency translation loss (gain) 1,083 269 (7,686) 636
Other expenses (income) – net [2] 22,461 20,528 3,454 32,708
Income before income taxes 5,321 25,249 132,129 139,442
Provision for income taxes 6,275 8,867 45,083 43,078
Net (loss) income (954) 16,382 87,046 96,364
Less: Net income attributable to non-controlling interest 4,433 3,527 13,335 10,165
Net (loss) income attributable to Iconix Brand Group, Inc. $ (5,387) $ 12,855 $ 73,711 $ 86,199
Earnings (loss) per share:        
Basic $ (0.11) $ 0.27 $ 1.53 $ 1.77
Diluted $ (0.11) $ 0.22 $ 1.46 $ 1.48
Weighted average number of common shares outstanding:        
Basic 48,310 47,991 48,238 48,682
Diluted 48,310 58,457 50,486 58,306
[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 – net and has been reclassified and is being presented as a component of operating income.