Net income was $4,188,000 in the first quarter, boosted by a $15 million gain on the sale of the Lee Cooper trademark in China, against a loss of $21,826,000 last year that included a $13.7 million impairment charge on several trademarks. Licensing revenue was off 15% to $23,634,000 from $27,951,000. Women’s licensing was down 41% to $3.8 million, but Danskin was a bright sport, while Men’s declined ... Log in to view full article.