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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
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

June 30,

 

 

For the Six Months Ended

June 30,

 

(in thousands)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Basic

 

 

65,976

 

 

 

57,082

 

 

 

62,566

 

 

 

57,026

 

Effect of exercise of stock options

 

 

—

 

 

 

1

 

 

 

—

 

 

 

3

 

Effect of assumed vesting of restricted stock

 

 

—

 

 

 

485

 

 

 

—

 

 

 

539

 

Diluted

 

 

65,976

 

 

 

57,568

 

 

 

62,566

 

 

 

57,568

 

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

For the Current Quarter and Prior Year 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

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net loss from continuing operations

   attributable to Iconix Brand Group, Inc.

 

$

(79,429

)

 

$

(13,852

)

 

$

(51,670

)

 

$

(9,136

)

Accretion of redeemable non-controlling

   interest

 

 

(3,391

)

 

 

(978

)

 

 

(4,993

)

 

 

(2,013

)

Net loss attributable to Iconix Brand Group,

   Inc. after accretion of redeemable non-

   controlling interest

 

 

(82,820

)

 

 

(14,830

)

 

 

(56,663

)

 

 

(11,149

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from discontinued operations

   attributable to Iconix Brand Group, Inc.

 

 

—

 

 

 

57,493

 

 

 

—

 

 

 

48,498

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Iconix Brand

   Group, Inc.

 

$

(82,820

)

 

$

42,663

 

 

$

(56,663

)

 

$

37,349

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(1.26

)

 

$

(0.26

)

 

$

(0.91

)

 

$

(0.20

)

Discontinued operations

 

$

—

 

 

$

1.01

 

 

$

—

 

 

$

0.85

 

Earnings (loss) per share - basic

 

$

(1.26

)

 

$

0.75

 

 

$

(0.91

)

 

$

0.65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(1.26

)

 

$

(0.26

)

 

$

(0.91

)

 

$

(0.19

)

Discontinued operations

 

$

—

 

 

$

1.00

 

 

$

—

 

 

$

0.84

 

Earnings (loss) per share - diluted

 

$

(1.26

)

 

$

0.74

 

 

$

(0.91

)

 

$

0.65

 

Weighted average number of common shares

   outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

65,976

 

 

 

57,082

 

 

 

62,566

 

 

 

57,026

 

Diluted

 

 

65,976

 

 

 

57,568

 

 

 

62,566

 

 

 

57,568