A $25 million non-cash gain on change in fair value of convertible debt boosted net income to $32,715,000 against a loss of $4,280,000 in the first quarter, but licensing revenue declined 17% to $48,548,000 from $58,722,000. Non-GAAP net income excluding the fair value gain and other items was down 54% $5,688,000 from $12,349,000. The women’s segment plunged 41% to $16.6 million from the declines in Danskin, Ocean Pacific and Mossimo, while men’s slipped 2% to $9.9 million and home dropped 11% to $6.5 million. The international business was the sole bright spot, improving 29% to $15.5 million. ICON said its ... Log in to view full article.