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Note X - Operating Segment Information
9 Months Ended
Sep. 30, 2011
Segment Reporting Disclosure [Text Block]
Note X– Operating Segment Information

The Company operates the following business segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing. The Wholesale Footwear segment, through sales to department stores, mid-tier retailers and specialty stores worldwide, derives revenue from sales of branded and private label women’s, men’s, girls’ and children’s footwear. The Wholesale Accessories segment, which includes branded and private label handbags, belts and small leather goods as well as cold weather and selected other fashion accessories, derives revenue from sales to department, mid-tier and specialty stores worldwide. The Retail segment, through the operation of Company owned retail stores and the Company’s website, derives revenue from sales of branded women’s, men’s and children’s footwear, accessories and licensed products to consumers. The First Cost segment represents activities of a subsidiary which earns commissions for serving as a buying agent of footwear products to mass-market merchandisers, mid-tier department stores and other retailers with respect to their purchase of footwear. In the Licensing segment, the Company licenses its Steve Madden® and Steven by Steve Madden® trademarks for use in connection with the manufacture, marketing and sale of sunglasses, eyewear, outerwear, bedding, hosiery and women’s fashion apparel and jewelry. The Company licenses the Big Buddha® brand for use in connection with the manufacture, marketing and sale of sunglasses and cold weather accessories. In addition, the Company licenses the Betsey Johnson® and Betseyville® trademarks for use in connection with the manufacture, marketing and sale of apparel, jewelry, lingerie, swimwear, eyewear, watches and outerwear.

Note X – Operating Segment Information (continued)

As of and three months ended,
 
Wholesale
Footwear
   
Wholesale
Accessories
   
Total Wholesale
   
Retail
   
First Cost
   
Licensing
   
Consolidated
 
September 30, 2011:
                                         
Net sales to external customers
  $ 211,223     $ 67,030     $ 278,253     $ 35,634                 $ 313,887  
Gross profit
    66,652       21,973       88,625       20,828                   109,453  
Commissions and licensing fees – net
    —       —       —       —     $ 3,318     $ 2,331       5,649  
Income from operations
    31,616       10,974       42,590       2,269       3,318       2,331       50,508  
Segment assets
  $ 374,329     $ 157,369       531,698       69,242       50,074       —       651,014  
Capital expenditures
                  $ 4,558     $ 1,715     $ —     $ —     $ 6,273  
                                                         
September 30, 2010:
                                                       
Net sales to external customers
  $ 123,251     $ 29,801     $ 153,052     $ 31,066                     $ 184,118  
Gross profit
    48,362       11,095       59,457       18,051                       77,508  
Commissions and licensing fees – net
    —       —       —       —     $ 5,617     $ 970       6,587  
Income (loss) from operations
    27,503       5,043       32,546       (1,745 )     5,617       970       37,388  
Segment assets
  $ 302,842     $ 72,078       374,920       42,964       12,130       —       430,014  
Capital expenditures
                  $ 337     $ 711     $ —     $ —     $ 1,048  

As of and nine months ended,
 
Wholesale
Footwear
   
Wholesale
Accessories
   
Total Wholesale
   
Retail
   
First Cost
   
Licensing
   
Consolidated
 
September 30, 2011:
                                         
Net sales to external customers
  $ 468,204     $ 119,480     $ 587,684     $ 101,110                 $ 688,794  
Gross profit
    159,315       42,213       201,528       61,152                   262,680  
Commissions and licensing fees – net
    —       —       —       —     $ 8,605     $ 6,043       14,648  
Income from operations
    73,713       18,620       92,333       8,170       8,605       6,043       115,151  
Segment assets
  $ 374,329     $ 157,369       531,698       69,242       50,074       —       651,014  
Capital expenditures
                  $ 8,195     $ 4,051     $ —     $ —     $ 12,246  
                                                         
September 30, 2010:
                                                       
Net sales to external customers
  $ 310,176     $ 75,161     $ 385,337     $ 89,053                     $ 474,390  
Gross profit
    123,929       29,308       153,237       53,057                       206,294  
Commissions and licensing fees – net
    —       —       —       —     $ 14,976     $ 3,024       18,000  
Income (loss) from operations
    65,045       12,169       77,214       (914 )     14,976       3,024       94,300  
Segment assets
  $ 302,842     $ 72,078       374,920       42,964       12,130       —       430,014  
Capital expenditures
                  $ 814     $ 1,466     $ —     $ —     $ 2,280  

Note X – Operating Segment Information (continued)

Revenues by geographic area for the three- and nine-month periods ended September 30 are as follows:

   
Three months ended
September 30,
 
Nine months ended
September 30,
 
   
2011
   
2010
   
2011
   
2010
 
Domestic
  $ 297,873     $ 172,334     $ 650,408     $ 448,993  
International
    16,014       11,784       38,386       25,397  
                                 
Total
  $ 313,887     $ 184,118     $ 688,794     $ 474,390