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Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Summary of Royalty Revenue Recognized

During each of the Current Quarter, Current Nine Months, Prior Year Quarter and Prior Year Nine Months, 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, Current Nine Months, Prior Year Quarter and Prior Year Nine Months, the Company recognized the following royalty revenue amounts:

 

 

 

Three Months Ended 

September 30,

 

 

Nine Months Ended 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Joint Venture Partner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Brands Group Asia Limited (1)

 

$

922

 

 

$

1,450

 

 

$

2,640

 

 

$

4,073

 

Buffalo International ULC

 

 

3,000

 

 

 

3,651

 

 

 

10,258

 

 

 

8,474

 

Rise Partners, LLC / Top On International Group Limited

 

 

1,150

 

 

 

524

 

 

 

1,650

 

 

 

4,967

 

M.G.S. Sports Trading Limited

 

 

152

 

 

 

163

 

 

 

449

 

 

 

439

 

Pac Brands USA, Inc.

 

 

90

 

 

 

81

 

 

 

313

 

 

 

392

 

NGO, LLC

 

 

294

 

 

 

202

 

 

 

888

 

 

 

605

 

Albion Equity Partners LLC / GL Damek

 

 

641

 

 

 

568

 

 

 

1,487

 

 

 

1,895

 

Anthony L&S

 

 

 

 

 

545

 

 

 

 

 

 

1,455

 

Roc Nation

 

 

 

 

 

100

 

 

 

 

 

 

300

 

MHMC(2)

 

 

292

 

 

 

 

 

 

895

 

 

 

 

 

 

$

6,541

 

 

$

7,284

 

 

$

18,580

 

 

$

22,600

 

 

(1)

Global Brands Group Asia Limited also serves as agent to Peanuts Worldwide in respect of the Greater China Territory for Peanuts brands.  For the Current Quarter and Prior Year Quarter, Global Brands Group Asia Limited earned fees of approximately $1.0 million and $0.6 million, respectively, in its capacity as agent to Peanuts Worldwide.  For the Current Nine Months and Prior Year Nine Months, Global Brands Group Asia limited earned fees of approximately $2.4 million and $2.1 million, respectively, in its capacity as agent to Peanuts Worldwide.

(2)

MHMC became a related party to the Company in July 2016 upon consummation of an agreement between a Company subsidiary and MHMC to sell to MHMC up to an aggregate 50% ownership interest in Umbro China.  Refer to Note 3 for further details.