Print Page  Close Window

10-K
ICONIX BRAND GROUP, INC. filed this Form 10-K on 03/28/2019
Entire Document
 << Previous Page | Next Page >>

 

17. Accumulated Other Comprehensive Income

 

The following table sets forth the activity in accumulated other comprehensive income for the years ended December 31, 2018 and December 31, 2017:

 

 

 

Foreign currency

translation

adjustments

 

 

Unrealized

losses of

available for

sale securities

 

 

Total

 

Balance at December 31, 2017

 

$

(48,103

)

 

$

(3,177

)

 

$

(51,280

)

Changes before reclassifications

 

 

(4,965

)

 

 

 

 

 

(4,965

)

Cumulative adjustment for adoption of ASU 2016-01

 

 

 

 

 

3,177

 

 

 

3,177

 

Current period other comprehensive income

 

 

(4,965

)

 

 

3,177

 

 

 

(1,788

)

Balance at December 31, 2018

 

$

(53,068

)

 

$

 

 

$

(53,068

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency

translation

adjustments

 

 

Unrealized

losses of

available for

sale securities

 

 

Total

 

Balance at December 31, 2016

 

$

(67,735

)

 

$

(2,693

)

 

$

(70,428

)

Changes before reclassifications

 

 

19,632

 

 

 

(484

)

 

 

19,148

 

Current period other comprehensive income

 

 

19,632

 

 

 

(484

)

 

 

19,148

 

Balance at December 31, 2017

 

$

(48,103

)

 

$

(3,177

)

 

$

(51,280

)

 

 

18. Segment and Geographic Data

The Company identifies its operating segments for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer, the Company’s chief operating decision maker, in deciding how to allocate resources and in assessing performance. The Company discloses the following operating segments: women’s, men’s, home, and international. Since the Company does not track, manage and analyze its assets by segments, no disclosure of segmented assets is reported.  

Additionally, the Company previously owned and operated an Entertainment segment which is included in the Company’s consolidated statement of operations as a discontinued operation for FY 2017.  See Note 2 for further details.

The reportable operating segments described below represent the Company’s activities for which separate financial information is available and which is utilized on a regular basis by the Company’s Chief Operating Decision Maker to evaluate performance and allocate resources.  In identifying the Company’s operating segments, the Company considers its management structure and the economic characteristics, customers, sales growth potential and long-term profitability of its operating segments.  As such, the Company configured its operations into the following four operating segments:

 

 

Women’s segment – consists of the Company’s women’s brands in the United States.

 

Men’s segment – consists of the Company’s men’s brands in the United States.

 

 

Home segment – consists of the Company’s home brands in the United States.

 

 

International segment – consists of the Company’s men’s, women’s and home brands in international markets.

 

Items not allocated to any segment are allocated to the Corporate level.  Corporate, for segment reporting purposes, includes compensation, benefits and occupancy costs for corporate employees as well as other corporate-related expenses such as: audit, legal, and information technology used in managing our business.  

The Company’s Chief Executive Officer has been identified as the CODM.  The Company’s measure of segment profitability is licensing revenue and operating income. The accounting policies of the Company’s operating segments are the same as those described in Note 1 – Summary of Significant Accounting Policies.

The geographic regions consist of the United States and Other (which principally represent Latin America and Europe). Revenues attributable to each region are based on the location in which licensees are located and where they principally do business.  Refer to Note 3 for further details.

119


 << Previous Page | Next Page >>