Iconix Brand (ICON) 8-K Regulation FD Disclosure

Exhibit 99.1

(Unaudited, subject to change, for analytical purposes only)

Iconix Brand Group, Inc. and Subsidiaries

Consolidated Income Statements Adjusted to Reflect Entertainment Segment as a Discontinued Operation

(in thousands, except earnings per share data)	2016 GAAP as Adjusted
	Q1			Q2			Q3			Q4			FY
Licensing revenue		67,676			68,209			60,457			58,801			255,143
Selling, general and administrative expenses		32,600			29,506			29,869			36,784			128,759	(a)
Depreciation and amortization		965			895			233			699			2,793
Equity earnings on joint ventures		(1,193	)		(1,363	)		(574	)		(448	)		(3,578	)
Gains on sales of trademarks		(10,969	)		1,125			(147	)		(28,113	)		(38,104	)
Goodwill impairment											18,331			18,331	(b)
Trademark impairment											419,762			419,762	(b)
Operating income		46,273			38,046			31,076			(388,214	)		(272,818	)
Other (income) expenses
Interest expense		19,526			21,890			18,334			17,174			76,925	(c)
Interest income		(355	)		(193	)		(140	)		(218	)		(904	)
Other income, net		(7	)		(9	)		(10,164	)		(7,328	)		(17,508	) (d)
Loss (gain) on extinguishment of debt		—			(4,288	)		(4,186	)		14,376			5,903	(e)
Foreign currency translation loss (gain)		617			(734	)		732			(1,903	)		(1,287	) (f)
Other expenses (income) - net		19,781			16,666			4,578			22,101			63,129
Income from continuing operations before income taxes		26,492			21,380			26,498			(410,315	)		(335,948	)
Provision for income taxes		8,836			6,888			9,433			(103,074	)		(77,917	) (h)
Net income (loss) from continuing operations		17,656			14,492			17,065			(307,241	)		(258,031	)
Less: Net income (loss) attributable to non-controlling interest from continuing operations		3,027			3,890			2,885			(13,129	)		(3,327	) (g)
Net income (loss) from continuing operations attributable to Iconix Brand Group, Inc.		14,629			10,602			14,179			(294,112	)		(254,704	)
Income from discontinued operations, net of income taxes		3,987			980			1,036			(3,436	)		2,570
Net income (loss) attributable to Iconix Brand Group, Inc.		18,616			11,582			15,215			(297,548	)		(252,134	)
Earnings per share - basic:
Continuing operations		0.30			0.22			0.26			(5.24	)		(4.87	)
Discontinued operations		0.08			0.02			0.02			(0.06	)		0.05
Earnings per share - basic		0.38			0.24			0.27			(5.30	)		(4.82	)
Earnings per share - diluted:
Continuing operations		0.29			0.21			0.25			(5.24	)		(4.87	)
Discontinued operations		0.08			0.02			0.02			(0.06	)		0.05
Earnings per share - diluted		0.37			0.23			0.27			(5.30	)		(4.82	)
Weighted average number of common shares outstanding:
Basic		48,509			49,035			55,584			56,147			52,338
Diluted		50,327			50,675			57,355			56,147			52,338

		2016 Non-GAAP Adjustments
		Q1			Q2			Q3			Q4			FY
	Net income (loss) from continuing operations
	attributable to Iconix Brand Group, Inc.		14,629			10,602			14,179			(294,112	)		(254,704	)
	Add:
(a)	special charges		5,470			1,860			3,118			3,866			14,314
(b)	write-down of certain intangible assets											438,093			438,093
(c)	non-cash interest related to ASC 470		7,280			6,812			4,246			4,059			22,397
(d)	gain on Complex and settlement w/ former CEO								(10,164	)		(7,263	)		(17,427	)
(e)	loss on extinguishment of deb					(4,288	)		(4,186	)		14,376			5,903
(f)	foreign currency translation gain		617			(734	)		732			(1,903	)		(1,287	)
(g)	portion of non-controlling interest of (b) and (f)		10			139			(40	)		(17,390	)		(17,282	)
(h)	Deduct: Income taxes related to above		(4,533	)		(1,537	)		2,422			(117,781	)		(121,428	)
	Net		8,843			2,252			(3,871	)		316,057			323,283
	Non-Gaap Net Income		23,472			12,854			10,308			21,945			68,579
	Non-Gaap Share count - Diluted		50,327			50,675			57,355			58,060			54,142
	Non-Gaap Earnings Per Share - Diluted		0.47			0.25			0.18			0.38			1.27

Footnotes:

(a) Special charges related to professional fees associated with the continuing correspondence with the Staff of the SEC, the SEC investigation, the previously disclosed class action and derivative litigations, and costs related to the transition of Iconix management

(b) Write-down of certain intangible assets

(c) Non-cash interest related to the Company’s convertible notes, ASC 470

(d) $10 million gain related to the sale of the Company’s minority interest in Complex Media, and $7 million gain related to the recoupment and final settlement of unearned incentive compensation from the Company’s former CEO.

(e) Gains related to the repurchase of a portion of the Company’s 2018 convertible notes at a discount and a loss related to the early extinguishment of debt

(f) Non-cash foreign currency translation loss (gain)

(g) Portion of write-down related to minority interest

(h) Income taxes related to adjustments (a) through (f)

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