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Earnings Per Share (Tables)
 9 Months Ended
Sep. 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

September 30,

 

 

For the Nine Months Ended

September 30,

 

(in thousands)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Basic

 

 

71,844

 

 

 

57,189

 

 

 

64,577

 

 

 

57,081

 

Effect of convertible notes subject to conversion

 

 

104,066

 

 

 

—

 

 

 

58,519

 

 

 

—

 

Effect of exercise of stock options

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Effect of assumed vesting of dilutive shares

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted

 

 

175,910

 

 

 

57,189

 

 

 

123,096

 

 

 

57,081

 

 
Schedule of Impact on Earnings Per Share Calculation

For the Current Quarter, Prior Year Quarter, Current Nine Months, and Prior Year Nine Months, adjustments to the Company’s redeemable non-controlling interest and effects of potential conversion on the 5.75% Convertible Notes had impacts on the Company’s earnings per share calculations as follows:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

For earnings (loss) per share - basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

20,224

 

 

$

(550,571

)

 

$

(31,446

)

 

$

(559,707

)

Accretion of redeemable non-controlling interest

 

 

(5,744

)

 

 

(547

)

 

 

(8,652

)

 

 

(1,641

)

Net income (loss) attributable to Iconix Brand Group, Inc. after accretion of redeemable non- controlling interest for basic earnings (loss) per share

 

 

14,480

 

 

 

(551,118

)

 

 

(40,098

)

 

 

(561,348

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from discontinued

   operations attributable to Iconix Brand

   Group, Inc.

 

 

—

 

 

 

(2,130

)

 

 

—

 

 

 

46,369

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Iconix Brand

   Group, Inc. for basic earnings (loss) per share

 

$

14,480

 

 

$

(553,248

)

 

$

(40,098

)

 

$

(514,979

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For earnings (loss) per share - diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

20,224

 

 

$

(550,571

)

 

$

(31,446

)

 

$

(559,707

)

Effect of potential conversion of 5.75% Convertible Notes

 

 

(15,641

)

 

 

—

 

 

 

(59,066

)

 

 

—

 

Accretion of redeemable non-controlling interest

 

 

(5,744

)

 

 

(547

)

 

 

(8,652

)

 

 

(1,641

)

Net loss attributable to Iconix Brand

   Group, Inc. after the effect of potential conversion of 5.75% Convertible Notes and accretion of redeemable non- controlling interest for diluted earnings (loss) per share

 

$

(1,161

)

 

$

(551,118

)

 

$

(99,164

)

 

$

(561,348

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from discontinued

   operations attributable to Iconix Brand

   Group, Inc.

 

 

—

 

 

 

(2,130

)

 

 

—

 

 

 

46,369

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to Iconix Brand

   Group, Inc. for diluted earnings (loss) per share

 

$

(1,161

)

 

$

(553,248

)

 

$

(99,164

)

 

$

(514,979

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.20

 

 

$

(9.64

)

 

$

(0.62

)

 

$

(9.83

)

Discontinued operations

 

$

—

 

 

$

(0.04

)

 

$

—

 

 

$

0.81

 

Earnings (loss) per share - basic

 

$

0.20

 

 

$

(9.67

)

 

$

(0.62

)

 

$

(9.02

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.01

)

 

$

(9.64

)

 

$

(0.81

)

 

$

(9.83

)

Discontinued operations

 

$

—

 

 

$

(0.04

)

 

$

—

 

 

$

0.81

 

Earnings (loss) per share - diluted

 

$

(0.01

)

 

$

(9.67

)

 

$

(0.81

)

 

$

(9.02

)

Weighted average number of common shares

   outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

71,844

 

 

 

57,189

 

 

 

64,577

 

 

 

57,081

 

Diluted

 

 

175,910

 

 

 

57,189

 

 

 

123,096

 

 

 

57,081