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Operating Segment Information
 9 Months Ended
Sep. 30, 2014
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 (via 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 (via 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 Central and South America. The Retail segment, through the operation of Company-owned retail stores in the United States, Canada, South Africa 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 Q – Operating Segment Information (continued)

As of and three months ended,
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Consolidated
September 30, 2014
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales to external customers
 
$
273,210

 
$
70,044

 
$
343,254

 
$
48,738

 
 

 
 

 
$
391,992

Gross profit
 
82,792

 
24,597

 
107,389

 
28,708

 
 

 
 

 
136,097

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
3,101

 
$
2,002

 
5,103

Income (loss) from operations
 
41,308

 
13,010

 
54,318

 
(88
)
 
3,101

 
2,002

 
59,333

Segment assets
 
$
658,011

 
$
102,955

 
760,966

 
128,213

 
45,353

 
—

 
934,532

Capital expenditures
 
 

 
 

 
$
2,026

 
$
2,557

 
$
—

 
$
—

 
$
4,583

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 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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of and nine months ended,
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Consolidated
September 30, 2014
 
 

 
 

 


 
 

 
 

 
 

 
 

Net sales to external customers
 
$
685,314

 
$
172,759

 
$
858,073

 
$
134,258

 
 

 
 

 
$
992,331

Gross profit (a)
 
209,485

 
62,403

 
271,888

 
79,617

 
 

 
 

 
351,505

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
6,076

 
$
5,385

 
11,461

Income from operations (a)
 
97,973

 
29,284

 
127,257

 
(3,080
)
 
6,076

 
5,385

 
135,638

Segment assets
 
$
658,011

 
$
102,955

 
760,966

 
128,213

 
45,353

 
—

 
934,532

Capital expenditures
 
 

 
 

 
$
6,253

 
$
6,352

 
$
—

 
$
—

 
$
12,605

September 30, 2013
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
661,032

 
$
170,163

 
$
831,195

 
$
140,146

 


 
 

 
$
971,341

Gross profit
 
203,520

 
62,827

 
266,347

 
86,532

 


 
 

 
352,878

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
7,144

 
$
5,858

 
13,002

Income from operations
 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Does not sum due to rounding.
 
 
 
 
 
 
 
 
 
 
 
 



Note Q – Operating Segment Information (continued)

Revenues by geographic area for the three and nine months ended September 30, 2014 and 2013 are as follows:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
Domestic (a)
 
$
357,349

 
$
358,274

 
$
908,168

 
$
887,547

International
 
34,643

 
36,517

 
84,163

 
83,794

Total
 
$
391,992

 
$
394,791

 
$
992,331

 
$
971,341

(a) Includes revenues of $87,982 and $247,302 for the three and nine months ended September 30, 2014, respectively, and $90,988 and $249,234 for the comparable periods in 2013 related to sales to U.S. customers where the title is transferred outside the U.S. and the sale is recorded by our International business.