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Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Licensing revenue $ 97,398 $ 95,116 $ 193,212 $ 205,516
Selling, general and administrative expenses 47,037 43,916 88,062 91,587
Gains on sale of trademarks [1]   (6,399)   (6,399)
Equity earnings on joint ventures (1,463) (4,261) (2,650) (6,043)
Operating income 51,824 61,860 107,800 126,371
Other expenses (income):        
Interest expense 21,401 21,247 42,697 42,403
Interest income (1,189) (770) (2,155) (1,693)
Other income (790)   (50,780) (28,897)
Foreign currency translation loss (gain) 1,913 221 (8,769) 367
Other expenses (income) – net [2] 21,335 20,698 (19,007) 12,180
Income before income taxes 30,489 41,162 126,807 114,191
Provision for income taxes 11,536 14,213 38,807 34,210
Net income 18,953 26,949 88,000 79,981
Less: Net income attributable to non-controlling interest 5,215 3,522 8,902 6,639
Net income attributable to Iconix Brand Group, Inc. $ 13,738 $ 23,427 $ 79,098 $ 73,342
Earnings per share:        
Basic $ 0.28 $ 0.48 $ 1.64 $ 1.50
Diluted $ 0.28 $ 0.40 $ 1.56 $ 1.26
Weighted average number of common shares outstanding:        
Basic 48,243 48,551 48,201 49,034
Diluted 49,595 58,595 50,752 58,237
[1] Gains on sale of trademarks was previously reported as other revenue. Many of the gains recorded upon formation of certain joint ventures were reversed as a result of consolidation. The gains that were not impacted by consolidation, and therefore not reversed, have been reclassified and are being presented as a separate line item above operating income.
[2] Equity earnings on joint ventures was previously reported within other expenses (income) – net and has been reclassified and is being presented as a component of operating income.