Condensed Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended	6 Months Ended
Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net sales	$ 288,692	$ 209,152	$ 554,662	$ 374,907
Cost of sales	184,438	125,057	354,315	221,680
Gross profit	104,254	84,095	200,347	153,227
Commission and licensing fee income – net	4,252	4,432	8,725	8,999
Operating expenses	(66,702)	(51,339)	(131,909)	(97,583)
Impairment of note receivable and provision for litigation	(4,310)	0	(4,310)	0
Income from operations	37,494	37,188	72,853	64,643
Interest and other income - net	1,663	1,656	2,133	3,173
Income before provision for income taxes	39,157	38,844	74,986	67,816
Provision for income taxes	12,269	15,149	26,171	26,269
Net income	26,888	23,695	48,815	41,547
Net income (loss) attributable to noncontrolling interests	(11)	(89)	48	(89)
Net income attributable to Steven Madden, Ltd.	$ 26,899	$ 23,784	$ 48,767	$ 41,636
Basic net income per share (in dollars per share)	$ 0.63	$ 0.56	$ 1.14	$ 0.99
Diluted net income per share (in dollars per share)	$ 0.61	$ 0.55	$ 1.11	$ 0.97
Basic weighted average common shares outstanding (in shares)	42,980	42,156	42,837	42,053
Effect of dilutive securities – options/restricted stock (in shares)	963	1,103	1,075	972
Diluted weighted average common shares outstanding (in shares)	43,943	43,259	43,912	43,025

Income recognized during the period net of any related costs for commission fees and licensing income. Commission fees are earned by the entity when it acts as an agent in the buying of goods. Licensing fees are paid to the entity (licensor) by another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include but are not limited to, rights to use a patent, copyright, technology, manufacturing process or trademark.

No definition available.