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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 209,152 $ 158,664 $ 374,907 $ 290,272
Cost of sales 125,057 89,815 221,680 161,486
Gross profit 84,095 68,849 153,227 128,786
Commission and licensing fee income – net 4,432 5,229 8,999 11,413
Operating expenses (51,339) (42,025) (97,583) (83,287)
Income from operations 37,188 32,053 64,643 56,912
Interest and other income, net 1,656 942 3,173 1,726
Income before provision for income taxes 38,844 32,995 67,816 58,638
Provision for income taxes 15,149 13,196 26,269 23,454
Net income 23,695 19,799 41,547 35,184
Net loss attributable to noncontrolling interests 89   89  
Net income attributable to Steven Madden, Ltd. $ 23,784 $ 19,799 $ 41,636 $ 35,184
Basic income per share (in Dollars per share) $ 0.56 $ 0.48 $ 0.99 $ 0.85
Diluted income per share (in Dollars per share) $ 0.55 $ 0.47 $ 0.97 $ 0.83
Basic weighted average common shares outstanding (in Shares) 42,156 41,442 42,053 41,313
Effect of dilutive securities – options/restricted stock (in Shares) 1,103 1,013 972 1,031
Diluted weighted average common shares outstanding (in Shares) 43,259 42,455 43,025 42,344