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Buyout of License | 12 Months Ended
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Dec. 31, 2018
Buyout Of License |
Buyout of License |
| (3) | Buyout of License
In December 2016, the Company reached an agreement with the Balmain brand calling for Balmain to buyout the Balmain license agreement, effective December 31, 2016, in exchange for a payment aggregating $5.7 million. As a result of the buyout, the Company recognized a gain of $4.7 million as of December 31, 2016, and received the buyout payment in May 2017.

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