Gains on Sale of Trademarks, Net

9 Months Ended

Sep. 30, 2020

Investments Debt And Equity Securities [Abstract]

Gains on Sale of Trademarks, Net

5. Gains on Sale of Trademarks, Net

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

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Interest in Umbro    trademark in Iconix   China(1)	$	59,582	$	—	$	59,582	$	—
Interest in Starter    trademark in Iconix    China(2)		14,523		—		14,523		—
Net gains on sale of trademarks	$	74,105	$	—	$	74,105	$	—

⁽¹⁾ In July 2020, the Company completed the sale of all of its equity interests of Umbro China, Limited (the “Umbro China Sale”) for gross consideration of $62.5 million. The Umbro China Sale includes the sale of the Umbro sports brand in the People’s Republic of China, Hong Kong, Taiwan and Macau (refer to Note 1 and Note 3).

⁽²⁾ In September 2020, the Company completed the sale of all of its equity interests of Starter China, Limited (the “Starter China Sale”) for gross consideration of $16.0 million. The Starter China Sale includes the sale of the Starter brand in the mainland of China, Hong Kong, Taiwan and Macau (refer to Note 1 and Note 3).