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Gains on Sale of Trademarks, net (Tables)
12 Months Ended
Dec. 31, 2020
Investments Debt And Equity Securities [Abstract]  
Schedule of 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).