Acquisitions, Joint Ventures and Investments (Tables)

3 Months Ended

Mar. 31, 2016

The following is a reconciliation of consideration paid to Novel:

Cash paid to Novel	$	40,400
Shares issued to Novel		15,703
Offset of accounts receivable		1,269
Fair value of 50% interest in Iconix China	$	57,372

The estimated fair value of the assets acquired, less liabilities assumed, is allocated as follows:

Fair value of 50% interest in Iconix China	$	57,372
Book value of Company equity investment prior to 2015 Buy-out		7,382
Gain on re-measurement of initial equity investment		49,990
	$	114,744
Trademarks		40,501
Investments in private companies		38,870
Cash		20,184
Other assets		5,997
Accrued expenses		(447	)
Goodwill		9,639
	$	114,744

Investments in Iconix China

Through our ownership of Iconix China (see above), we have equity interests in the following private companies:

Brands Placed	Partner	Ownership by Iconix China			Value of Investment As of March 31, 2016
Candie’s	Candies Shanghai Fashion Co. Ltd.		20	%	$	10,475
Marc Ecko	Shanghai MuXiang Apparel & Accessory Co. Limited		15	%		2,293
Royal Velvet	Bai Shi Kou International (Qingdao) Home Products Co. Ltd.		20	%		384
Material Girl	Ningo Material Girl Fashion Co. Ltd.		20	%		3,636
Ed Hardy	Tangli International Holdings Ltd.		20	%		13,302
Ecko Unltd	Ai Xi Enterprise (Shanghai) Co. Limited		20	%		11,094
					$	41,184

The cash paid to the Seller and the estimated fair value of the assets acquired, is allocated as follows:

The following table is a reconciliation of cash paid to Pony Sellers and the fair value of ALS’s non-controlling interest:

Cash paid to Pony Sellers	$	37,000
Fair value of 25% non-controlling interest to ALS		12,333
Fair value of PONY	$	49,333

The estimated fair value of the assets acquired is allocated as follows: