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Operating Segment Information
 3 Months Ended
Mar. 31, 2015
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, online retailers 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, online retailers and specialty stores. Our Wholesale Footwear and Wholesale Accessories segments, through our International business, derive revenue from Canada, Mexico and South Africa and, under special distribution arrangements, from Asia, Australia, Europe, the Middle East, India, South and Central America and New Zealand. The Retail segment, through the operation of Company-owned retail stores in the United States, Canada, Mexico and 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 that 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. In the Licensing segment, the Company 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
March 31, 2015
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales to external customers
 
$
225,134

 
$
51,897

 
$
277,031

 
$
46,914

 
 

 
 

 
$
323,945

Gross profit
 
68,509

 
17,007

 
85,516

 
25,862

 
 

 
 

 
111,378

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
1,528

 
$
2,390

 
3,918

Income (loss) from operations
 
21,986

 
5,384

 
27,370

 
(1,441
)
 
1,528

 
2,390

 
29,847

Segment assets
 
$
572,564

 
$
135,459

 
708,023

 
144,744

 
39,089

 
—

 
891,856

Capital expenditures
 
 

 
 

 
$
2,191

 
$
1,478

 
$
—

 
$
—

 
$
3,669

March 31, 2014
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
219,739

 
$
45,281

 
$
265,020

 
$
39,604

 
 

 
 

 
$
304,624

Gross profit
 
69,033

 
17,264

 
86,297

 
22,051

 
 

 
 

 
108,348

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
1,412

 
$
1,759

 
3,171

Income (loss) from operations
 
31,071

 
5,958

 
37,029

 
(4,207
)
 
1,412

 
1,759

 
35,993

Segment assets
 
$
568,740

 
$
155,492

 
724,232

 
114,128

 
25,536

 
—

 
863,896

Capital expenditures
 
 

 
 

 
$
2,213

 
$
2,179

 
$
—

 
$
—

 
$
4,392



Revenues by geographic area for the three months ended March 31, 2015 and 2014 are as follows:
 
 
 
Three Months Ended March 31,
 
 
2015
 
2014
Domestic (a)
 
$
288,131

 
$
281,382

International
 
35,814

 
23,242

Total
 
$
323,945

 
$
304,624

(a) Includes revenues of $78,127 and $82,958 for the three months ended March 31, 2015 and 2014, respectively, 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.