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Operating Segment Information
 6 Months Ended
Jun. 30, 2016
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 Albania, Austria, Belgium, Bulgaria, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Kosovo, Lithuania, Latvia, Luxembourg, Mexico, the Netherlands, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Sweden, Switzerland, and Tunisia and, under special distribution arrangements in various other territories within 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®, Steven by Steve Madden®, Madden Girl® and Stevies® trademarks and other trademark rights for use in connection with the manufacture, marketing and sale of outerwear, hosiery, activewear, sleepwear, jewelry, watches, hair accessories, umbrellas, bedding, luggage, and men’s leather accessories. In addition, this segment licenses the Betsey Johnson® trademark for use in connection with the manufacture, marketing and sale of hosiery, swimwear, outerwear, sleepwear, activewear, jewelry, watches, bedding, luggage, stationery, umbrellas, and household goods; and furthermore, licenses the Dolce Vita® trademark for use in connection with the manufacture, marketing and sale of women's and children’s apparel.
Note Q – Operating Segment Information (continued)

As of and for the three months ended,
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Consolidated
June 30, 2016
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales to external customers
 
$
195,424

 
$
67,442

 
$
262,866

 
$
62,536

 
$
—

 
$
—

 
$
325,402

Gross profit
 
59,856

 
21,922

 
81,778

 
39,267

 
—

 
—

 
121,045

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
919

 
1,907

 
2,826

Income from operations
 
18,685

 
9,517

 
28,202

 
4,862

 
919

 
1,907

 
35,890

Segment assets
 
$
496,711

 
$
252,999

 
749,710

 
163,843

 
41,352

 
—

 
954,905

Capital expenditures
 
 

 
 

 
$
1,173

 
$
2,845

 
$
—

 
$
—

 
$
4,018

June 30, 2015
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
199,038

 
$
67,649

 
$
266,687

 
$
56,895

 
$
—

 
$
—

 
$
323,582

Gross profit
 
56,455

 
23,010

 
79,465

 
36,681

 
—

 
—

 
116,146

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
1,184

 
1,943

 
3,127

Income from operations
 
17,201

 
10,437

 
27,638

 
6,052

 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of and for the six months ended,
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Consolidated
June 30, 2016
 
 

 
 

 


 
 

 
 

 
 

 
 

Net sales to external customers
 
$
424,346

 
$
114,321

 
$
538,667

 
$
116,092

 
$
—

 
$
—

 
$
654,759

Gross profit
 
130,779

 
37,126

 
167,905

 
69,342

 
 

 
 

 
237,247

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
1,504

 
3,493

 
4,997

Income from operations
 
44,937

 
13,813

 
58,750

 
2,023

 
1,504

 
3,493

 
65,770

Segment assets
 
$
496,711

 
$
252,999

 
749,710

 
163,843

 
41,352

 
—

 
954,905

Capital expenditures
 
 

 
 

 
$
2,590

 
$
5,812

 
$
—

 
$
—

 
$
8,402

June 30, 2015
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
421,934

 
$
120,964

 
$
542,898

 
$
104,629

 
$
—

 
$
—

 
$
647,527

Gross profit
 
124,134

 
40,527

 
164,661

 
62,863

 


 
 

 
227,524

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
2,712

 
4,333

 
7,045

Income (loss) from operations
 
38,961

 
16,084

 
55,045

 
4,574

 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Note Q – Operating Segment Information (continued)

Revenues by geographic area for the three and six months ended June 30, 2016 and 2015 are as follows:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Domestic (a)
 
$
297,346

 
$
291,094

 
$
596,741

 
$
585,071

International
 
28,056

 
32,488

 
58,018

 
62,456

Total
 
$
325,402

 
$
323,582

 
$
654,759

 
$
647,527

(a) Includes revenues of $82,350 and $170,272 for the three and six months ended June 30, 2016, respectively, and $85,596 and $170,340 for the comparable periods in 2015 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.