Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Since January 1, 2014, the Company has acquired the following brands:

Date Acquired		Brand
March 2015		Strawberry Shortcake

Since January 1, 2014 the Company has acquired ownership interest in various brands through its investments in joint ventures. The chart below illustrates the Company’s ownership interest in these joint ventures as of December 31, 2016:

Date Acquired/Invested	Brand	Investment / Joint Venture	Iconix’s Investment
November 2014	Nick Graham	NGX		51	%
December 2014	Hydraulic	Hydraulic IP Holdings		51	%
February 2015	PONY	US PONY Holdings		75	%

Joint Ventures to Develop and Market Company's Brands

Further, since January 1, 2014 the Company established the following joint ventures to develop and market the Company’s brands in specific markets:

Date Created	Investment / Joint Venture	Iconix’s Investment
March 2014	LC Partners US⁽¹⁾		100	%
December 2014	Iconix Middle East⁽²⁾		55	%
July 2016	Umbro China		95	%
October 2016	Danskin China⁽³⁾		100	%

⁽¹⁾

At formation of the joint venture in March 2014, the Company had a 50% ownership interest in LC Partners US. In December 2016, the Company entered into an agreement with Rise Partners, LLC (“Rise Partners”) to acquire the remaining 50% ownership interest in LC Partners US. As of December 31, 2016, the Company has a 100% ownership interest in this entity.

⁽²⁾

At formation of the joint venture in December 2014, the Company had a 50% ownership interest in Iconix Middle East. In December 2016, the Company irrevocably exercised its call option to acquire an additional 5% ownership interest from Global Brands Group Asia Limited (“GBG”) in order to increase the Company’s ownership interest in Iconix Middle East to 55%. Such acquisition closed in February 2017.

⁽³⁾

In October 2016, the Company formed the Danskin China Limited as a wholly-owned indirect subsidiary to hold the Danskin trademarks and related assets in respect of mainland China and Macau. The Company entered into an agreement with Li-Ning (China) Sports Goods Co., Ltd. who will purchase up to a 50% interest (and no less than a 30% interest) in Danskin China Limited. The purchase of the equity interest is expected to occur over a three-year period commencing on March 31, 2019. Refer to Note 3 for further details. As of December 31, 2016, the Company’s ownership interest in Danskin China Limited was 100%.