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Operating Segment Information
 9 Months Ended
Sep. 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
September 30, 2016
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales to external customers
 
$
268,159

 
$
78,448

 
$
346,607

 
$
61,777

 
$
—

 
$
—

 
$
408,384

Gross profit
 
90,550

 
26,937

 
117,487

 
37,021

 
—

 
—

 
154,508

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
2,424

 
2,934

 
5,358

Income from operations
 
38,195

 
17,931

 
56,126

 
2,282

 
2,424

 
2,934

 
63,766

Segment assets
 
$
548,195

 
$
209,329

 
757,524

 
168,378

 
50,466

 
—

 
976,368

Capital expenditures
 
 

 
 

 
$
1,693

 
$
2,800

 
$
—

 
$
—

 
$
4,493

September 30, 2015
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
276,446

 
$
80,594

 
$
357,040

 
$
56,422

 
$
—

 
$
—

 
$
413,462

Gross profit
 
86,774

 
27,909

 
114,683

 
34,088

 
—

 
—

 
148,771

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
3,479

 
3,164

 
6,643

Income from operations
 
42,245

 
15,730

 
57,975

 
1,666

 
3,479

 
3,164

 
66,284

Segment assets
 
$
556,238

 
$
204,411

 
760,649

 
153,273

 
55,963

 
—

 
969,885

Capital expenditures
 
 

 
 

 
$
1,329

 
$
3,743

 
$
—

 
$
—

 
$
5,072

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

 
 

 


 
 

 
 

 
 

 
 

Net sales to external customers
 
$
692,505

 
$
192,769

 
$
885,274

 
$
177,869

 
$
—

 
$
—

 
$
1,063,143

Gross profit
 
221,328

 
64,064

 
285,392

 
106,363

 
 

 
 

 
391,755

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
3,929

 
6,426

 
10,355

Income from operations
 
83,132

 
31,745

 
114,877

 
4,304

 
3,929

 
6,426

 
129,536

Segment assets
 
$
548,195

 
$
209,329

 
757,524

 
168,378

 
50,466

 
—

 
976,368

Capital expenditures
 
 

 
 

 
$
4,296

 
$
8,612

 
$
—

 
$
—

 
$
12,908

September 30, 2015
 
 

 
 

 


 
 

 
 

 
 

 


Net sales to external customers
 
$
698,380

 
$
201,558

 
$
899,938

 
$
161,051

 
$
—

 
$
—

 
$
1,060,989

Gross profit
 
210,908

 
68,436

 
279,344

 
96,951

 


 
 

 
376,295

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
6,192

 
7,497

 
13,689

Income (loss) from operations
 
81,203

 
31,814

 
113,017

 
6,242

 
6,192

 
7,497

 
132,948

Segment assets
 
$
556,238

 
$
204,411

 
760,649

 
153,273

 
55,963

 
—

 
969,885

Capital expenditures
 
 

 
 

 
$
5,994

 
$
7,530

 
$
—

 
$
—

 
$
13,524

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Note Q – Operating Segment Information (continued)

Revenues by geographic area for the three and nine months ended September 30, 2016 and 2015 are as follows:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Domestic (a)
 
$
360,619

 
$
368,080

 
$
957,359

 
$
953,151

International
 
47,765

 
45,382

 
105,784

 
107,838

Total
 
$
408,384

 
$
413,462

 
$
1,063,143

 
$
1,060,989

(a) Includes revenues of $84,570 and $254,843 for the three and nine months ended September 30, 2016, respectively, and $82,603 and $252,942 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.