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10-K
ICONIX BRAND GROUP, INC. filed this Form 10-K on 03/28/2019
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Iconix Brand Group, Inc. and Subsidiaries

Consolidated Statements of Stockholders’ Deficit

(in thousands)

 

 

 

Common Stock

 

 

Additional

Paid-In

 

 

Retained

 

 

Accumulated

Other

Comprehensive

 

 

Treasury

 

 

Non-

Controlling

 

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Loss

 

 

Stock

 

 

Interest

 

 

Total

 

Balance at January 1, 2017

 

 

8,972

 

 

 

9

 

 

 

1,033,810

 

 

 

257,704

 

 

 

(70,428

)

 

 

(842,952

)

 

 

116,502

 

 

$

494,645

 

Shares issued on vesting of restricted stock

 

 

44

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0

 

Compensation expense in connection with

   restricted stock and stock options

 

 

 

 

 

 

 

 

9,168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,168

 

Shares repurchased on

   vesting of restricted stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,078

)

 

 

 

 

 

(1,078

)

Additional paid in capital associated with

   purchase of additional interest in Iconix

   Canada joint venture

 

 

 

 

 

 

 

 

1,478

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,478

 

Write off of accretion expense due to

   deconsolidation of joint venture

 

 

 

 

 

 

 

 

 

 

 

4,527

 

 

 

 

 

 

 

 

 

 

 

 

4,527

 

Deferred intercompany charge

 

 

 

 

 

 

 

 

 

 

 

(191

)

 

 

 

 

 

 

 

 

 

 

 

(191

)

Payments from non-controlling

   interest holders, net of imputed interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,925

 

 

 

2,925

 

Elimination of non-controlling

   interest related to sale of the

   Entertainment segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(36,907

)

 

 

(36,907

)

Elimination of non-controlling

   interest related to purchase of

   additional interest in Iconix

   Canada joint venture

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(19,530

)

 

 

(19,530

)

Elimination of non-controlling

   interest related to the sale of NGX

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,529

)

 

 

(2,529

)

Tax benefit related to amortization of

   convertible notes' discount

 

 

 

 

 

 

 

 

124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

124

 

Change in redemption value

   of redeemable non-controlling

   interest holders

 

 

 

 

 

 

 

 

 

 

 

3,495

 

 

 

 

 

 

 

 

 

 

 

 

3,495

 

Change in fair value of available

   for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(484

)

 

 

 

 

 

 

 

 

(484

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

(489,253

)

 

 

 

 

 

 

 

 

(19,234

)

 

 

(508,487

)

Foreign currency translation

 

 

 

 

 

 

 

 

19

 

 

 

 

 

 

19,632

 

 

 

 

 

 

 

 

 

19,651

 

Distributions to joint venture partners

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(17,783

)

 

 

(17,783

)

Balance at December 31, 2017

 

 

9,016

 

 

$

9

 

 

$

1,044,599

 

 

$

(223,718

)

 

$

(51,280

)

 

$

(844,030

)

 

$

23,444

 

 

$

(50,976

)

Shares issued on vesting of

   restricted stock

 

 

110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares issued on conversion of

   5.75% Convertible Notes

 

 

1,411

 

 

 

1

 

 

 

13,153

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13,154

 

Shares issued on payment of interest

   of 5.75% Convertible Notes

 

 

625

 

 

 

1

 

 

 

3,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,068

 

Write-off of equity component of

   1.50% Convertible notes

 

 

 

 

 

 

 

 

(23,250

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(23,250

)

Cumulative effect of accounting

   change for adoption of ASC 606

 

 

 

 

 

 

 

 

 

 

 

16,540

 

 

 

 

 

 

 

 

 

1,176

 

 

 

17,716

 

Cumulative effect of accounting

   change for adoption of ASU 2016-01

 

 

 

 

 

 

 

 

 

 

 

(3,177

)

 

 

3,177

 

 

 

 

 

 

 

 

 

 

Elimination of non-controlling interest

   related to the acquisition of additional

   interest in Hydraulic joint venture

 

 

 

 

 

 

 

 

2,097

 

 

 

 

 

 

 

 

 

 

 

 

(2,097

)

 

 

 

Compensation benefit in connection with

   restricted stock and stock options

 

 

 

 

 

 

 

 

(2,405

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,405

)

Shares repurchased on

   vesting of restricted stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(223

)

 

 

 

 

 

(223

)

Payments from non-controlling interest

   holders, net of imputed interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

194

 

 

 

194

 

Tax benefit related to amortization of

   convertible notes' discount

 

 

 

 

 

 

 

 

159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

159

 

Change in redemption value of redeemable

   non-controlling interest holders

 

 

 

 

 

 

 

 

 

 

 

2,004

 

 

 

 

 

 

 

 

 

 

 

 

2,004

 

Net (loss) income

 

 

 

 

 

 

 

 

 

 

 

(100,521

)

 

 

 

 

 

 

 

 

10,852

 

 

 

(89,669

)

Foreign currency translation

 

 

 

 

 

 

 

 

(48

)

 

 

 

 

 

(4,965

)

 

 

 

 

 

 

 

 

(5,013

)

Distributions to joint venture partners

 

 

 

 

 

 

 

 

 

 

 

(3,924

)

 

 

 

 

 

 

 

 

(6,570

)

 

 

(10,494

)

Balance at December 31, 2018

 

 

11,162

 

 

$

11

 

 

$

1,037,372

 

 

$

(312,796

)

 

$

(53,068

)

 

$

(844,253

)

 

$

26,999

 

 

$

(145,735

)

 

See accompanying notes to consolidated financial statements.

 

 

63


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