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Operating Segment Information
 6 Months Ended
Jun. 30, 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
June 30, 2015
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales to external customers
 
$
200,303

 
$
66,384

 
$
266,687

 
$
56,895

 
 

 
 

 
$
323,582

Gross profit
 
56,886

 
22,579

 
79,465

 
36,681

 
 

 
 

 
116,146

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
1,184

 
$
1,943

 
3,127

Income from operations
 
17,636

 
10,237

 
27,873

 
5,817

 
1,184

 
1,943

 
36,817

Segment assets
 
$
541,287

 
$
207,821

 
749,108

 
150,594

 
38,939

 
—

 
938,641

Capital expenditures
 
 

 
 

 
$
2,474

 
$
2,309

 
$
—

 
$
—

 
$
4,783

June 30, 2014
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
192,365

 
$
57,434

 
$
249,799

 
$
45,916

 
 

 
 

 
$
295,715

Gross profit
 
57,660

 
20,542

 
78,202

 
28,858

 
 

 
 

 
107,060

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
1,563

 
$
1,624

 
3,187

Income from operations
 
25,594

 
10,316

 
35,910

 
1,215

 
1,563

 
1,624

 
40,312

Segment assets
 
$
581,362

 
$
165,435

 
746,797

 
127,913

 
30,784

 
—

 
905,494

Capital expenditures
 
 

 
 

 
$
2,014

 
$
1,616

 
$
—

 
$
—

 
$
3,630

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of and six months ended,
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Consolidated
June 30, 2015
 
 

 
 

 


 
 

 
 

 
 

 
 

Net sales to external customers
 
$
424,617

 
$
118,281

 
$
542,898

 
$
104,629

 
 

 
 

 
$
647,527

Gross profit (a)
 
125,075

 
39,586

 
164,661

 
62,863

 
 

 
 

 
227,524

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
2,712

 
$
4,333

 
7,045

Income from operations (a)
 
39,764

 
15,621

 
55,385

 
4,234

 
2,712

 
4,333

 
66,664

Segment assets
 
$
541,287

 
$
207,821

 
749,108

 
150,594

 
38,939

 
—

 
938,641

Capital expenditures
 
 

 
 

 
$
4,665

 
$
3,787

 
$
—

 
$
—

 
$
8,452

June 30, 2014
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
412,104

 
$
102,715

 
$
514,819

 
$
85,520

 


 
 

 
$
600,339

Gross profit
 
126,693

 
37,806

 
164,499

 
50,909

 


 
 

 
215,408

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
2,975

 
$
3,383

 
6,358

Income (loss) from operations
 
56,665

 
16,274

 
72,939

 
(2,992
)
 
2,975

 
3,383

 
76,305

Segment assets
 
$
581,362

 
$
165,435

 
746,797

 
127,913

 
30,784

 
—

 
905,494

Capital expenditures
 
 

 
 

 
$
4,227

 
$
3,795

 
$
—

 
$
—

 
$
8,022

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Does not sum due to rounding.
 
 
 
 
 
 
 
 
 
 
 
 

Note Q – Operating Segment Information (continued)

Revenues by geographic area for the three and six months ended June 30, 2015 and 2014 are as follows:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Domestic (a)
 
$
286,443

 
$
269,437

 
$
574,574

 
$
550,819

International
 
37,139

 
26,278

 
72,953

 
49,520

Total
 
$
323,582

 
$
295,715

 
$
647,527

 
$
600,339

(a) Includes revenues of $80,058 and $158,185 for the three and six months ended June 30, 2015, respectively, and $76,632 and $159,320 for the comparable periods in 2014 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.