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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Shares Used in Calculating Basic and Diluted Earnings Per Share

A reconciliation of weighted average shares used in calculating basic and diluted earnings per share follows:

 

 

 

For the Three Months Ended March 31,

 

(in thousands)

 

2017

 

 

2016

 

Basic

 

 

56,964

 

 

 

48,509

 

Effect of exercise of stock options

 

 

 

 

 

2

 

Effect of assumed vesting of restricted stock

 

 

 

 

 

1,816

 

Diluted

 

 

56,964

 

 

 

50,327

 

 

Impact of Adjustments to Redeemable Non-controlling Interest on Earnings Per Share Calculation

For the Current Quarter, adjustments to the Company’s redeemable non-controlling interest had an impact on the Company’s earnings per share calculation as follows:

 

 

 

Three Months Ended

 

 

 

March 31, 2017

 

 

 

 

 

 

Net income from continuing operations attributable to Iconix Brand Group, Inc.

 

$

4,402

 

Accretion of redeemable non-controlling interest

 

 

(1,026

)

Net income attributable to Iconix Brand Group, Inc. after accretion of redeemable non-controlling interest

 

 

3,376

 

 

 

 

 

 

Net income (loss) from discontinued operations attributable to Iconix Brand Group, Inc.

 

 

(8,682

)

 

 

 

 

 

Net income (loss) attributable to Iconix Brand Group, Inc.

 

$

(5,306

)

 

 

 

 

 

Earnings per share - basic:

 

 

 

 

Continuing operations

 

$

0.06

 

Discontinued operations

 

$

(0.15

)

Earnings per share - basic

 

$

(0.09

)

 

 

 

 

 

Earnings per share - diluted:

 

 

 

 

Continuing operations

 

$

0.06

 

Discontinued operations

 

$

(0.15

)

Earnings per share - diluted

 

$

(0.09

)

Weighted average number of common shares outstanding:

 

 

 

 

Basic

 

 

56,964

 

Diluted

 

 

56,964