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Operating Segment Information
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Operating Segment Information
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, mass merchants and specialty stores, derives revenue, both domestically and worldwide through our international business, 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 stores, mid-tier retailers, mass merchants and specialty stores, domestically and worldwide through our international business. Our Wholesale Footwear and Wholesale Accessories segments international business derive revenue from Canada and, under special distribution arrangements, from Asia, Europe, the Middle East, Mexico, Australia, India and Central and South America. The Retail segment, through the operation of Company-owned retail stores in the United States and Canada and the Company’s websites, 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 and other trademark rights for use in connection with the manufacture, marketing and sale of sunglasses, eyewear, outerwear, bedding, hosiery and sleepwear. In addition, this segment licenses the Betsey Johnson® trademarks for use in connection with the manufacture, marketing and sale of sleepwear, jewelry, swimwear, eyewear, watches, fragrances, outerwear and luggage.





Note T – Operating Segment Information (continued)

As of and three months ended,
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Corporate
 
Consolidated
September 30, 2012:
 
 

 
 

 
 

 
 

 
 

 
 

 
 
 
 

Net sales to external customers
 
$
228,720

 
$
82,818

 
$
311,538

 
$
45,345

 
 

 
 

 
 
 
$
356,883

Gross profit
 
75,785

 
27,918

 
103,703

 
27,512

 
 

 
 

 
 
 
131,215

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
2,157

 
$
1,718

 
 
 
3,875

Income from operations
 
38,357

 
15,089

 
53,446

 
4,196

 
2,157

 
1,718

 
(5,144
)
 
56,373

Segment assets
 
$
488,937

 
$
167,127

 
656,064

 
86,085

 
53,159

 
—

 
 
 
795,308

Capital expenditures
 
 

 
 

 
$
3,441

 
$
4,146

 
$
—

 
$
—

 
 
 
$
7,587

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

As of and nine months ended,
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Corporate
 
Consolidated
September 30, 2012:
 
 

 
 

 
 

 
 

 
 

 
 

 
 
 
 

Net sales to external customers
 
$
618,914

 
$
169,700

 
$
788,614

 
$
122,931

 
 

 
 

 
 
 
$
911,545

Gross profit
 
193,964

 
62,000

 
255,964

 
75,598

 
 

 
 

 
 
 
331,562

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
6,897

 
$
5,703

 
 
 
12,600

Income from operations
 
86,537

 
28,914

 
115,451

 
10,629

 
6,897

 
5,703

 
(9,454
)
 
129,226

Segment assets
 
$
488,937

 
$
167,127

 
656,064

 
86,085

 
53,159

 
—

 
 
 
795,308

Capital expenditures
 
 

 
 

 
$
5,574

 
$
10,043

 
$
—

 
$
—

 
 
 
$
15,617

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







Note T – Operating Segment Information (continued)
Revenues by geographic area for the three- and nine-month periods ended September 30, 2012 and 2011 are as follows:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2012
 
2011
 
2012
 
2011
Domestic
 
$
327,965

 
$
297,873

 
$
847,020

 
$
650,408

International
 
28,918

 
16,014

 
64,525

 
38,386

Total
 
$
356,883

 
$
313,887

 
$
911,545

 
$
688,794