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8-K
ICONIX BRAND GROUP, INC. filed this Form 8-K on 11/09/2018
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   NET INCOME   EPS 
   Nine Months Ended September 30,   Nine Months Ended September 30, 
   2018   2017   % Change   2018   2017   % Change 
                         
GAAP net income (loss) & EPS from continuing operations attributable to Iconix (2)   (31,446)   (559,707)   -94%  $(0.81)  $(9.83)   -94%
                               
Add:                              
non-cash interest related to ASC 470   2,998    12,325        $0.05   $0.22      
(gain) / loss on extinguishment of debt   (4,473)   20,939        $(0.07)  $0.37      
loss on termination of licenses   5,650    25,980        $0.09   $0.46      
trademark and goodwill impairment   115,534    625,530        $1.79   $10.96      
gain on sale of Complex Media   (958)   (2,728)       $(0.01)  $(0.05)     
mark to market gain on convertible debt   (74,802)   -        $(1.16)  $-      
special charges   7,181    7,117        $0.11   $0.12      
costs associated with recent debt financings   8,344    -        $0.13   $-      
non-cash gain related to investment in joint venture   (8,411)   -        $(0.13)  $-      
gain on deconsolidation of JV   -    (3,772)       $-   $(0.07)     
foreign currency translation gain/(loss)   453    2,755        $0.01   $0.05      
Income taxes related to above   (6,158)   (224,715)       $(0.10)  $(3.94)     
Valuation Allowance & Foreign Tax Credit   1,089    170,981        $0.02   $3.00      
non-controlling interest   8    (32,992)       $-   $(0.58)     
Effect of potential dilution of 5.75% Convertible Notes   -    -        $0.59   $-      
Accretion of redeemable non-controlling interest   -    -        $0.07   $0.03      
    Net Adjustments   46,455    601,420        $1.04   $10.57      
                               
Non-GAAP net income & EPS from continuing operations attributable to Iconix   15,009    41,713    -64%  $0.23   $0.73    -68%

 

 

 

Non-GAAP weighted average diluted shares reconciliation (2)                    
   Three Months Ended September 30,   Nine Months Ended September 30, 
   2018   2017   % Change   2018   2017   % Change 
                         
GAAP weighted average diluted shares   175,910    57,189    204%   123,096    57,081    13%
Less: effect of potential dilution of 5.75% Convertible Notes   (104,066)   -     NA     (58,519)   -     NA  
Add: antidilutive shares resulting from net loss   -    214     NA     180    433     NA  
Non-GAAP weighted average diluted shares   71,844    57,403    25%   64,757    57,514    13%

 

 

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