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Gains on Sale of Trademarks, Net
 3 Months Ended
Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]  
Gains on Sales of Trademarks, Net

6. Gains on Sale of Trademarks, Net

The following table details transactions comprising gains on sale of trademarks, net in the condensed consolidated statement of operations:

 

 

 

Three Months Ended

March 31,

 

 

 

2018

 

 

2017

 

Interest in Sharper Image trademark in Iconix Southeast

   Asia(1)

 

$

236

 

 

$

—

 

Interest in Sharper Image trademark in Iconix Europe(1)

 

 

352

 

 

 

—

 

Interest in Sharper Image trademark in Iconix MENA(1)

 

 

250

 

 

 

—

 

Interest in Badgley Mischka trademark in Iconix Southeast

   Asia(2)

 

 

478

 

 

 

—

 

Interest in Badgley Mischka trademark in Iconix Europe(2)

 

 

(244

)

 

 

—

 

Interest in Badgley Mischka trademark in Iconix MENA(2)

 

 

71

 

 

 

—

 

Net gains on sale of trademarks

 

$

1,143

 

 

$

—

 

 

(1)

In December 2016, the Company sold its rights to the Sharper Image intellectual property and related assets to 360 Holdings, Inc. The Sharper Image intellectual property and related assets within other foreign territories, which was owned by certain of the Company’s joint venture entities, required the Company to negotiate and finalize the sale of the intellectual property with its respective joint venture partners.  As a result, in the Current Quarter, the Company recognized an additional combined gain of approximately $0.8 million upon final execution of the agreement for the sale of the Sharper Image intellectual property and related assets which were previously owned by the Iconix Southeast Asia, Iconix Europe and Iconix MENA joint ventures.

(2)

In February 2016, the Company sold its rights to the Badgley Mischka intellectual property and related assets to Titan Industries, Inc. in partnership with the founders, Mark Badgley and James Mischka, and the apparel license MJCLK LLC.  The Badgley Mischka intellectual property and related assets within other foreign territories, which was owned by certain of the Company’s joint venture entities, required the Company to negotiate and finalize the sale of the intellectual property with its respective joint venture partners.  As a result, in the Current Quarter, the Company recognized an additional combined net gain of approximately $0.3 million upon final execution of the agreement for the sale of the Badgley Mischka intellectual property and related assets which were previously owned by the Iconix Southeast Asia, Iconix Europe and Iconix MENA joint ventures.