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Operating Segment Information | 6 Months Ended
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Jun. 30, 2013
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-market 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, both domestically and worldwide through our International business, from sales to department stores, mid-tier retailers, mass-market merchants and specialty stores. Our Wholesale Footwear and Wholesale Accessories segments, through our International business, derive revenue from Canada and, under special distribution arrangements, from Note U – Operating Segment Information (continued) Asia, Europe, the Middle East, Mexico, Australia, India, South Africa 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. The Company's Licensing segment generates revenue by licensing 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 women's fashion apparel, jewelry, watches and luggage. In addition, this segment licenses the Betsey Johnson® and Betseyville® trademarks for use in connection with the manufacture, marketing and sale of apparel, jewelry, swimwear, eyewear, watches, fragrances and outerwear. Note U – Operating Segment Information (continued)
As of and three months ended, |  | Wholesale Footwear |  | Wholesale Accessories |  | Total Wholesale |  | Retail |  | First Cost |  | Licensing |  | Corporate |  | Consolidated
June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 199,198 |  |  | $ | 52,224 |  |  | $ | 251,422 |  |  | $ | 46,212 |  |  |  |  |  |  |  |  |  |  |  | $ | 297,634 |
Gross profit |  | 60,989 |  |  | 19,667 |  |  | 80,656 |  |  | 29,922 |  |  |  |  |  |  |  |  |  |  |  | 110,578 |
Commissions and licensing fees – net |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | 1,888 |  |  | $ | 1,811 |  |  |  |  |  | 3,699 |
Income from operations |  | 27,044 |  |  | 9,394 |  |  | 36,438 |  |  | 5,474 |  |  | 1,888 |  |  | 1,811 |  |  |  |  |  | 45,611 |
Segment assets |  | $ | 538,987 |  |  | $ | 165,570 |  |  | 704,557 |  |  | 110,196 |  |  | 73,988 |  |  | — |  |  |  |  |  | 888,741 |
Capital expenditures |  |  |  |  |  |  |  | $ | 2,895 |  |  | $ | 3,538 |  |  | $ | — |  |  | $ | — |  |  |  |  |  | $ | 6,433 |
June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 198,694 |  |  | $ | 49,439 |  |  | $ | 248,133 |  |  | $ | 40,559 |  |  |  |  |  |  |  |  |  |  |  | $ | 288,692 |
Gross profit |  | 59,448 |  |  | 18,955 |  |  | 78,403 |  |  | 25,851 |  |  |  |  |  |  |  |  |  |  |  | 104,254 |
Commissions and licensing fees – net |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | 2,412 |  |  | $ | 1,840 |  |  |  |  |  | 4,252 |
Income from operations |  | 24,692 |  |  | 8,558 |  |  | 33,250 |  |  | 4,302 |  |  | 2,412 |  |  | 1,840 |  |  | (4,310 | ) |  | 37,494 |
Segment assets |  | $ | 487,029 |  |  | $ | 156,740 |  |  | 643,769 |  |  | 81,682 |  |  | 51,569 |  |  | — |  |  |  |  |  | 777,020 |
Capital expenditures |  |  |  |  |  |  |  | $ | 1,152 |  |  | $ | 3,608 |  |  | $ | — |  |  | $ | — |  |  |  |  |  | $ | 4,760 |
As of and six months ended, |  | Wholesale Footwear |  | Wholesale Accessories |  | Total Wholesale |  | Retail |  | First Cost |  | Licensing |  | Corporate |  | Consolidated
June 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 388,379 |  |  | $ | 96,905 |  |  | $ | 485,284 |  |  | $ | 91,266 |  |  |  |  |  |  |  |  |  |  |  | $ | 576,550 |
Gross profit (a) |  | 118,851 |  |  | 37,236 |  |  | 156,087 |  |  | 57,089 |  |  |  |  |  |  |  |  |  |  |  | 213,175 |
Commissions and licensing fees – net (a) |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | 4,170 |  |  | $ | 3,895 |  |  |  |  |  | 8,066 |
Income from operations (a) |  | 49,626 |  |  | 16,886 |  |  | 66,512 |  |  | 7,473 |  |  | 4,170 |  |  | 3,895 |  |  |  |  |  | 82,048 |
Segment assets |  | $ | 538,987 |  |  | $ | 165,570 |  |  | 704,557 |  |  | 110,196 |  |  | 73,988 |  |  | — |  |  |  |  |  | 888,741 |
Capital expenditures |  |  |  |  |  |  |  | $ | 3,822 |  |  | $ | 6,837 |  |  | $ | — |  |  | $ | — |  |  |  |  |  | $ | 10,659 |
June 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 390,194 |  |  | $ | 86,882 |  |  | $ | 477,076 |  |  | $ | 77,586 |  |  |  |  |  |  |  |  |  |  |  | $ | 554,662 |
Gross profit |  | 118,176 |  |  | 34,085 |  |  | 152,261 |  |  | 48,086 |  |  |  |  |  |  |  |  |  |  |  | 200,347 |
Commissions and licensing fees – net |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | 4,740 |  |  | $ | 3,985 |  |  |  |  |  | 8,725 |
Income from operations |  | 48,180 |  |  | 13,825 |  |  | 62,005 |  |  | 6,433 |  |  | 4,740 |  |  | 3,985 |  |  | (4,310 | ) |  | 72,853 |
Segment assets |  | $ | 487,029 |  |  | $ | 156,740 |  |  | 643,769 |  |  | 81,682 |  |  | 51,569 |  |  | — |  |  |  |  |  | 777,020 |
Capital expenditures |  |  |  |  |  |  |  | $ | 2,133 |  |  | $ | 5,897 |  |  | $ | — |  |  | $ | — |  |  |  |  |  | $ | 8,030 |
(a) Does not sum do to rounding. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Note U – Operating Segment Information (continued) Revenues by geographic area for the three and six months ended June 30, 2013 and 2012 are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
Domestic |  | $ | 264,817 |  |  | $ | 267,658 |  |  | $ | 517,254 |  |  | $ | 519,303 |
International |  | 32,817 |  |  | 21,034 |  |  | 59,296 |  |  | 35,359 |
Total |  | $ | 297,634 |  |  | $ | 288,692 |  |  | $ | 576,550 |  |  | $ | 554,662 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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