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Operating Segment Information
 9 Months Ended
Sep. 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 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 and design fees 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 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, 2013
 
 

 
 

 
 

 
 

 
 

 
 

 


 
 

Net sales to external customers
 
$
272,653

 
$
73,258

 
$
345,911

 
$
48,880

 
 

 
 

 


 
$
394,791

Gross profit
 
84,669

 
25,591

 
110,260

 
29,443

 
 

 
 

 


 
139,703

Commissions, design fees and licensing fees – net
 
—

 
—

 
—

 
—

 
$
2,974

 
$
1,963

 


 
4,937

Income from operations
 
45,988

 
13,643

 
59,631

 
3,529

 
2,974

 
1,963

 


 
68,097

Segment assets
 
$
547,324

 
$
206,176

 
753,500

 
118,151

 
35,490

 
—

 


 
907,141

Capital expenditures
 
 

 
 

 
$
2,214

 
$
3,493

 
$
—

 
$
—

 


 
$
5,707

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, design fees 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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of and nine months ended,
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Corporate
 
Consolidated
September 30, 2013
 
 

 
 

 


 
 

 
 

 
 

 
 
 
 

Net sales to external customers
 
$
661,032

 
$
170,163

 
$
831,195

 
$
140,146

 
 

 
 

 


 
$
971,341

Gross profit (a)
 
203,520

 
62,827

 
266,347

 
86,532

 
 

 
 

 


 
352,878

Commissions, design fees and licensing fees – net
 
—

 
—

 
—

 
—

 
$
7,144

 
$
5,858

 


 
13,002

Income from operations (a)
 
95,614

 
30,529

 
126,143

 
11,002

 
7,144

 
5,858

 


 
150,146

Segment assets
 
$
547,324

 
$
206,176

 
753,500

 
118,151

 
35,490

 
—

 


 
907,141

Capital expenditures
 
 

 
 

 
$
6,036

 
$
10,330

 
$
—

 
$
—

 


 
$
16,366

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, design fees 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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Does not sum due to rounding.
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Note T – Operating Segment Information (continued)

Revenues by geographic area for the three and nine months ended September 30, 2013 and 2012 are as follows:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Domestic
 
$
358,274

 
$
327,965

 
$
887,547

 
$
847,020

International
 
36,517

 
28,918

 
83,794

 
64,525

Total
 
$
394,791

 
$
356,883

 
$
971,341

 
$
911,545