A shot from Iconix Brand's Candies campaign with actress Sarah Hyland.

Steep trademark impairment charges pushed Iconix Brand Group Inc. further into the red last year — but the company gained some crucial breathing room with a refinancing.

The brand management firm’s net loss widened to $489.3 million, or $8.66 a share, from $242.1 million, or $4.82, in 2016. The bottom line last year was hit hard by $525.7 million in trademark charges and $103.9 million in goodwill impairment charges.

(During the last three years combined, the company has written down the value of its trademarks with impairment charges totaling $1.35 billion).

Licensing revenues for the 12 months ended Dec. 31 fell 11.5 percent to $225.8 million. Iconix owns roughly 30 brands, including Candie’s, Joe Boxer, London Fog, Ocean Pacific/OP, Rocawear, Ecko Unltd. and Buffalo, and collects fees for their use through more than 400 licenses.

In conjunction with the results, the firm said it repaid the $235 million in convertible senior subordinated notes due Thursday, drawing $110 million from its term loan.

Investors were relieved to see the company on steadier footing and sent its stock up 19.7 percent to $1.58 in after-hours trading.

John Haugh, chief executive officer, noted: “2017 continued to be a year of change as we refinanced our balance sheet and refined our business model. Importantly, we enter 2018 better positioned to leverage our brand portfolio anchored on our strategic focus to actively manage brands with our existing partners, while exploring new opportunities to expand our reach.

“The launch of Starter with Amazon in 2017 and our recently announced multiyear agreement with Target for the Umbro brand demonstrates our ability to position our brands with the right long-term partners to maximize market presence and contribution to Iconix,” the ceo said. “With our near-term debt obligations satisfied today, we are now able to apply renewed attention to our business initiatives and lay the foundation for sustained, organic growth.”

This year, the company expects revenues to continue to slip, to a range of $190 million to $220 million, but is looking for net income of $7 million to $17 million with free cash flow of $50 million to $70 million.

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