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Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Summary of Royalty Revenue Recognized

The Company has entered into certain license agreements in which the core licensee is also one of our joint venture partners.  In the case of Sports Direct International plc (“Sports Direct”), the Company maintains license agreements with Sports Direct, but in addition, during FY 2018, the Company entered into a cooperation agreement with Sports Direct that allowed Sports Direct to appoint two members to the Company’s Board of Directors.  As of December 31, 2018 and December 31, 2017, the Company recognized the following royalty revenue amounts:

 

 

 

FY 2018

 

 

FY 2017

 

Joint Venture Partner

 

 

 

 

 

 

 

 

Global Brands Group Asia Limited(1)(2)

 

$

19,544

 

 

$

18,011

 

MHMC

 

 

2,927

 

 

 

1,800

 

Albion Equity Partners LLC / GL Damek

 

 

2,644

 

 

 

2,264

 

Rise Partners, LLC / Top On International Group Limited

 

 

977

 

 

 

1,054

 

Sports Direct International plc

 

 

915

 

 

 

—

 

Anthony L&S

 

 

623

 

 

 

165

 

M.G.S. Sports Trading Limited

 

 

610

 

 

 

576

 

Pac Brands USA, Inc.

 

 

246

 

 

 

278

 

Buffalo International ULC

 

 

—

 

 

 

690

 

Roc Nation

 

 

—

 

 

 

—

 

 

 

$

28,486

 

 

$

24,838

 

 

(1)

Royalty revenue of less than $0.1 million for FY 2017, which is included in the amounts presented in the table above, relates to royalty revenue associated with Peanuts Worldwide and Strawberry Shortcake, which has been reclassified to income from discontinued operations on the Company’s consolidated statement of operations for all periods presented.  

Additionally, GBG also served as agent to Peanuts Worldwide for the Greater China Territory for Peanuts brands.  As of June 30, 2017, due to the completion of the sale of the Entertainment segment, GBG is no longer a related party in its capacity as agent of Peanuts Worldwide.  For FY 2017, Global Brands Group Asia Limited earned fees of approximately $0.7 million in its capacity as agent to Peanuts Worldwide which have been recorded within discontinued operations in the Company’s consolidated statement of operations.

(2)

Prior to February 2017, Buffalo International ULC maintained the Buffalo license agreement.  However, starting in February 2017, Buffalo International ULC effectively assigned the Buffalo license agreement to GBG.  The license revenue from the Buffalo license agreement represents approximately $18.4 million and $16.1 million of the total license revenue for GBG shown in the table above for FY 2018 and FY 2017, respectively.