XML 61 R50.htm IDEA: XBRL DOCUMENT v3.7.0.1
Joint Ventures and Investments - Amounts Due from Such Joint Venture Partners Remain Recorded on Consolidated Balance Sheet (Detail)
$ in Thousands
6 Months Ended
Jun. 30, 2017
USD ($)
Buffalo Brand Joint Venture  
Schedule Of Investments [Line Items]  
Joint Venture Partner Buffalo International [1]
Buffalo Brand Joint Venture | Other Assets - Current  
Schedule Of Investments [Line Items]  
Joint Venture Partner Buffalo International
Amount $ 2,516
Iconix India  
Schedule Of Investments [Line Items]  
Joint Venture Partner Reliance Brands Ltd. [2],[3]
Iconix India | Other Assets - Current  
Schedule Of Investments [Line Items]  
Joint Venture Partner Reliance Brands Ltd.
Amount $ 1,000
Iconix Israel, LLC | Noncontrolling Interest  
Schedule Of Investments [Line Items]  
Joint Venture Partner MGS
Amount $ 195
Iconix Canada Joint Venture | Noncontrolling Interest  
Schedule Of Investments [Line Items]  
Joint Venture Partner Buffalo International / BIU Sub [4]
Amount $ 2,922 [4]
[1] The Company determined, in accordance with ASC 810, based on the corporate structure, voting rights and contributions of the Company and its respective joint venture partner, the entity is a variable interest entity (VIE) and, as the Company has been determined to be the primary beneficiary, is subject to consolidation. The Company has consolidated this joint venture within its consolidated financial statements since inception. The liabilities of the VIE are not material and none of the VIE assets are encumbered by any obligation of the VIE or other entity.
[2] Refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 for material terms of the put and call options associated with the Company’s joint venture.
[3] The Company determined, in accordance with ASC 810, based on the corporate structure, voting rights and contributions of the Company and its respective joint venture partner, that the joint venture is not a VIE and not subject to consolidation. The Company has recorded its investment under the equity method of accounting since inception.
[4] In July 2017, the Company purchased the remaining 50% ownership interest in the Iconix Canada joint venture. As part of this transaction, the remaining outstanding purchase price installment payment of $2.9 million due from the Company’s joint venture partner, in respect of such partner’s interest in the joint venture was paid to the Company. Refer to Note 20 for further details.