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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Shares Used in Calculating Basic and Diluted Earnings Per Share

A reconciliation of weighted average shares used in calculating basic and diluted earnings per share follows:

 

 

 

For the Three Months Ended

June 30,

 

 

For the Six Months Ended

June 30,

 

(in thousands)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Basic

 

 

57,082

 

 

 

49,035

 

 

 

57,026

 

 

 

48,772

 

Effect of exercise of stock options

 

 

1

 

 

 

3

 

 

 

3

 

 

 

2

 

Effect of assumed vesting of

   restricted stock

 

 

485

 

 

 

1,637

 

 

 

539

 

 

 

1,727

 

Diluted

 

 

57,568

 

 

 

50,675

 

 

 

57,568

 

 

 

50,501

 

 

Impact of Adjustments to Redeemable Non-controlling Interest on Earnings Per Share Calculation

For the Current Quarter and Current Six Months, adjustments to the Company’s redeemable non-controlling interest had an impact on the Company’s earnings per share calculation as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2017

 

 

June 30, 2017

 

Net loss from continuing operations attributable to Iconix

   Brand Group, Inc.

 

$

(13,852

)

 

$

(9,136

)

Accretion of redeemable non-controlling interest

 

 

(978

)

 

 

(2,013

)

Net loss attributable to Iconix Brand Group, Inc. after

   accretion of redeemable non-controlling interest

 

 

(14,830

)

 

 

(11,149

)

 

 

 

 

 

 

 

 

 

Net income from discontinued operations attributable to

   Iconix Brand Group, Inc.

 

 

57,493

 

 

 

48,498

 

 

 

 

 

 

 

 

 

 

Net income attributable to Iconix Brand Group, Inc.

 

$

42,663

 

 

$

37,349

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic:

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.26

)

 

$

(0.20

)

Discontinued operations

 

$

1.01

 

 

$

0.85

 

Earnings per share - basic

 

$

0.75

 

 

$

0.65

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - diluted:

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.26

)

 

$

(0.19

)

Discontinued operations

 

$

1.00

 

 

$

0.84

 

Earnings per share - diluted

 

$

0.74

 

 

$

0.65

 

Weighted average number of common shares outstanding:

 

 

 

 

 

 

 

 

Basic

 

 

57,082

 

 

 

57,026

 

Diluted

 

 

57,568

 

 

 

57,568