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Consolidated Entities, Joint Ventures and Investments (Tables)

12 Months Ended

Dec. 31, 2019

Investments In And Advances To Affiliates Schedule Of Investments [Abstract]

Summary of Estimated Fair Value of Assets Acquired Less Liabilities Assumed

The estimated fair value of the assets acquired, less liabilities assumed, were allocated in July 2018 as follows:

Fair value of 50% interest in Iconix Australia	$	6,507
Book value of Company equity investment prior to purchase of additional 5% interest		(1,904	)
Gain on re-measurement of initial equity investment		8,410
	$	13,013
Trademarks		12,349
Cash		44
Accounts receivable		360
Intercompany receivables, net		368
Accounts payable and accrued expenses		(85	)
Deferred revenue		(52	)
Goodwill		29
	$	13,013

Equity Method Investments

Investments in Iconix China

Through our ownership of Iconix China (see above), we have equity interests in the following private companies which are accounted for as equity method investments:

Brands Placed	Entity	Ownership by Iconix China			Carrying Value of Investment As of December 31, 2019
Candie’s	Candies Shanghai Fashion Co., Ltd.		20	%	$	10,100
Marc Ecko	Shanghai MuXiang Apparel & Accessory Co. Limited		15	%		2,270
Material Girl	Ningbo Material Girl Fashion Co., Ltd. ⁽¹⁾		0	%		—
Ecko Unltd	Ai Xi Enterprise (Shanghai) Co. Limited		20	%		10,216
					$	22,586

⁽¹⁾

In March 2019, the Company sold its 20% interest in Ningbo Material Girl Fashion Co. Ltd. (“Material Girl China”) to Ningbo Peacebird Fashion & Accessories Co. Ltd. for $3.0 million in cash. Pursuant to the agreement, the sale price was reduced by an initial cash investment of $0.2 million, as well as $0.6 million of brand management expenses incurred since the inception of the Material Girl China entity, resulting in total net proceeds of $2.2 million. Additionally, Purim LLC, our MG Icon partner, is entitled to 33.3% of the net proceeds (or approximately $0.7 million) resulting in the Company’s portion of the net proceeds from the transaction to be approximately $1.5 million. As a result of this transaction, the Company recognized a gain of $0.2 million, which has been recorded within Other Income in the Company’s consolidated statement of operations during FY 2019.