XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 391,992 $ 394,791 $ 992,331 $ 971,341
Cost of sales 255,895 255,088 640,826 618,463
Gross profit 136,097 139,703 351,505 352,878
Commission and licensing fee income – net 5,103 4,937 11,461 13,002
Operating expenses (81,867) (76,543) (227,328) (215,734)
Income from operations 59,333 68,097 135,638 150,146
Interest and other income – net 1,132 1,308 3,218 3,213
Income before provision for income taxes 60,465 69,405 138,856 153,359
Provision for income taxes 21,163 25,323 47,385 56,242
Net income 39,302 44,082 91,471 97,117
Net income attributable to non-controlling interests 54 90 584 769
Net income attributable to Steven Madden, Ltd. $ 39,248 $ 43,992 $ 90,887 $ 96,348
Basic net income per share (in dollars per share) $ 0.64 $ 0.68 $ 1.47 $ 1.48
Diluted net income per share (in dollars per share) $ 0.62 $ 0.66 $ 1.42 $ 1.44
Basic weighted average common shares outstanding 61,019 64,450 61,936 64,926
Effect of dilutive securities – options/restricted stock 2,196 2,410 2,248 2,136
Diluted weighted average common shares outstanding 63,215 66,860 64,184 67,062