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Operating Segment Information
 9 Months Ended
Sep. 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
September 30, 2015
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales to external customers
 
$
278,813

 
$
78,227

 
$
357,040

 
$
56,422

 
 

 
 

 
$
413,462

Gross profit
 
87,504

 
27,179

 
114,683

 
34,088

 
 

 
 

 
148,771

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
3,479

 
$
3,164

 
6,643

Income from operations
 
42,850

 
15,299

 
58,149

 
1,492

 
3,479

 
3,164

 
66,284

Segment assets
 
$
567,116

 
$
193,535

 
760,651

 
153,273

 
55,961

 
—

 
969,885

Capital expenditures
 
 

 
 

 
$
1,329

 
$
3,743

 
$
—

 
$
—

 
$
5,072

September 30, 2014
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
272,923

 
$
70,044

 
$
342,967

 
$
49,025

 
 

 
 

 
$
391,992

Gross profit
 
82,642

 
24,597

 
107,239

 
28,858

 
 

 
 

 
136,097

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
3,101

 
$
2,002

 
5,103

Income from operations
 
41,326

 
13,010

 
54,336

 
(106
)
 
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

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

 
 

 


 
 

 
 

 
 

 
 

Net sales to external customers
 
$
703,430

 
$
196,508

 
$
899,938

 
$
161,051

 
 

 
 

 
$
1,060,989

Gross profit (a)
 
212,579

 
66,765

 
279,344

 
96,951

 
 

 
 

 
376,295

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
6,191

 
$
7,497

 
13,688

Income from operations (a)
 
82,614

 
30,920

 
113,534

 
5,726

 
6,191

 
7,497

 
132,948

Segment assets
 
$
567,116

 
$
193,535

 
760,651

 
153,273

 
55,961

 
—

 
969,885

Capital expenditures
 
 

 
 

 
$
5,994

 
$
7,530

 
$
—

 
$
—

 
$
13,524

September 30, 2014
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
685,027

 
$
172,759

 
$
857,786

 
$
134,545

 


 
 

 
$
992,331

Gross profit
 
209,335

 
62,403

 
271,738

 
79,767

 


 
 

 
351,505

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
$
6,076

 
$
5,385

 
11,461

Income (loss) from operations
 
97,991

 
29,284

 
127,275

 
(3,098
)
 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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, 2015 and 2014 are as follows:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
Domestic (a)
 
$
362,475

 
$
357,349

 
$
935,204

 
$
908,168

International
 
50,987

 
34,643

 
125,785

 
84,163

Total
 
$
413,462

 
$
391,992

 
$
1,060,989

 
$
992,331

(a) Includes revenues of $82,637 and $240,822 for the three and nine months ended September 30, 2015, respectively, and $87,982 and $247,302 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.