Gains on Sale of Trademarks, net

12 Months Ended

Dec. 31, 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 comprising gains on sales of trademarks, net in the consolidated statement of operations:

	For the Twelve Months Ended December 31,
	2020		2019
Interest in Umbro trademark in Iconix China (1)	$	59,582	$	—
Interest in Starter trademark in Iconix China (2)		14,523		—
Net gains on sale of trademarks	$	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 People’s Republic of China, Hong Kong, Taiwan and Macau (refer to Note 1 and Note 3).