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Gains on Sale of Trademarks, Net
9 Months Ended
Sep. 30, 2018
Investments Debt And Equity Securities [Abstract]  
Gains on Sales of Trademarks, Net

6. Gains on Sale of Trademarks, Net

The following table details transactions comprising gains on sale of trademarks, net in the condensed consolidated statement of operations:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Interest in Sharper Image

   trademark in Iconix

   Southeast Asia(1)

 

$

 

 

$

 

 

$

236

 

 

$

 

Interest in Sharper Image

   trademark in Iconix

   Europe(1)

 

 

 

 

 

 

 

 

352

 

 

 

 

Interest in Sharper Image

   trademark in Iconix

   MENA(1)

 

 

 

 

 

 

 

 

250

 

 

 

 

Interest in Sharper Image

   trademark in Iconix

   Australia(1)

 

 

 

 

 

 

 

 

125

 

 

 

 

Interest in Sharper Image

   trademark in Iconix

   Canada(3)

 

 

 

 

 

500

 

 

 

 

 

 

500

 

Interest in Badgley Mischka

   trademark in Iconix

   Southeast Asia(2)

 

 

 

 

 

 

 

 

478

 

 

 

 

Interest in Badgley Mischka

   trademark in Iconix Europe(2)

 

 

 

 

 

 

 

 

(244

)

 

 

 

Interest in Badgley Mischka

   trademark in Iconix MENA(2)

 

 

 

 

 

 

 

 

71

 

 

 

 

Interest in Badgley Mischka

   trademark in Iconix Canada(4)

 

 

 

 

 

375

 

 

 

 

 

 

375

 

Net gains on sale of trademarks

 

$

 

 

$

875

 

 

$

1,268

 

 

$

875

 

 

(1)

In December 2016, the Company sold its rights to the Sharper Image intellectual property and related assets to 360 Holdings, Inc. The Sharper Image intellectual property and related assets within other foreign territories, which was owned by certain of the Company’s joint venture entities, required the Company to negotiate and finalize the sale of the intellectual property with its respective joint venture partners.  As a result, in the Current Nine Months, the Company recognized an additional combined gain of approximately $1.0 million upon final execution of the agreement for the sale of the Sharper Image intellectual property and related assets which were previously owned by the Iconix Southeast Asia, Iconix Europe, Iconix MENA and Iconix Australia joint ventures.

(2)

In February 2016, the Company sold its rights to the Badgley Mischka intellectual property and related assets to Titan Industries, Inc. in partnership with the founders, Mark Badgley and James Mischka, and the apparel license MJCLK LLC.  The Badgley Mischka intellectual property and related assets within other foreign territories, which was owned by certain of the Company’s joint venture entities, required the Company to negotiate and finalize the sale of the intellectual property with its respective joint venture partners.  As a result, in the Current Nine Months, the Company recognized an additional combined net gain of approximately $0.3 million upon final execution of the agreement for the sale of the Badgley Mischka intellectual property and related assets which were previously owned by the Iconix Southeast Asia, Iconix Europe and Iconix MENA joint ventures.

(3)

In September 2017, the Company sold its interest in the Sharper Image trademark in Canada for $0.5 million in cash.  The Company recognized a gain of $0.5 million as a result of this transaction.

(4)

In September 2017, the Company sold its interest in certain Badgley Mischka trademarks for shoes and handbags in Canada for $0.4 million in cash.  The Company recognized a gain of $0.4 million as a result of this transaction.