Basic earnings per share includes no dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects, in periods in which they have a dilutive effect, the effect of restricted stock-based awards, common shares issuable upon exercise of stock options and warrants and shares underlying convertible notes potentially issuable upon conversion. The difference between basic and diluted weighted-average common shares results from the assumption that all dilutive stock options outstanding were exercised and all convertible notes have been converted into common stock.

For the Current Quarter, of the total potentially dilutive shares related to restricted stock-based awards, stock options and warrants, all or approximately 0.6 million shares were anti-dilutive, as compared to less than 0.1 million shares that were anti-dilutive for the Prior Year Quarter.

For the Current Quarter, all of the shares (approximately 0.8 million) of the performance related restricted stock-based awards issued to the Company’s named executive officers were anti-dilutive as compared to less than 0.1 million of the performance related restricted stock-based awards issued to the Company’s named executive officers were anti-dilutive in the Prior Year Quarter.

For the Prior Year Quarter, warrants issued in connection with the Company’s 1.50% Convertible Notes financing were anti-dilutive and therefore were not included in this calculation. Note there were no warrants associated with the Company’s 1.50% Convertible Notes for the Current Quarter as the outstanding principal balance was repaid on March 15, 2018 (the maturity date).

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

In accordance with ASC 480, the Company considers its redeemable non-controlling interest in its computation of both basic and diluted earnings per share. In addition, in accordance with ASC 260, the Company considers its 5.75% Convertible Notes in its computation of diluted earnings per share. For the Current Quarter and Prior Year Quarter, adjustments to the Company’s redeemable non-controlling interest and effects of potential conversion of the 5.75% Convertible Notes had an impact on the Company’s earnings per share calculation as follows:

	Three Months Ended March 31,
	2018 (restated)			2017
For earnings (loss) per share - basic:
Net income (loss) from continuing operations attributable to Iconix Brand Group, Inc.	$	27,756		$	4,402
Accretion of redeemable non-controlling interest		(2,483	)		(1,026	)
Net income (loss) attributable to Iconix Brand Group, Inc. after accretion of redeemable non- controlling interest for basic earnings (loss) per share		25,273			3,376

Net income (loss) from discontinued operations attributable to Iconix Brand Group, Inc.		—			(8,682	)

Net income (loss) attributable to Iconix Brand Group, Inc. for basic earnings (loss) per share	$	25,273		$	(5,306	)

For earnings (loss) per share - diluted:
Net income (loss) from continuing operations attributable to Iconix Brand Group, Inc.	$	27,756		$	4,402
Effect of potential conversion of 5.75% Convertible Notes		(16,280	)		—
Accretion of redeemable non-controlling interest		(2,483	)		(1,026	)
Net loss attributable to Iconix Brand Group, Inc. after the effect of potential conversion of 5.75% Convertible Notes and accretion of redeemable non- controlling interest for diluted earnings (loss) per share		8,993			3,376

Net income (loss) from discontinued operations attributable to Iconix Brand Group, Inc.		—			(8,682	)

Net loss attributable to Iconix Brand Group, Inc. for diluted earnings (loss) per share	$	8,993		$	(5,306	)

Earnings (loss) per share - basic:
Continuing operations	$	0.43		$	0.06
Discontinued operations	$	—		$	(0.15	)
Earnings (loss) per share - basic	$	0.43		$	(0.09	)

Earnings (loss) per share - diluted:
Continuing operations	$	0.11		$	0.06
Discontinued operations	$	—		$	(0.15	)
Earnings (loss) per share - diluted	$	0.11		$	(0.09	)
Weighted average number of common shares outstanding:
Basic		59,117			56,964
Diluted		82,352			56,964