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Gains on Sale of Trademarks, Net
9 Months Ended
Sep. 30, 2019
Investments Debt And Equity Securities [Abstract]  
Gains on Sales of Trademarks, Net

5. 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:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

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 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

 

Net gains on sale of trademarks

 

$

 

 

$

 

 

$

 

 

$

1,268

 

 

(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 Prior Year 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 Prior Year 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.