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Operating Segment Information
 12 Months Ended
Dec. 31, 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, Latvia, Lithuania, 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® and Madden Girl® trademarks 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. We license the Stevies® trademark for use in connection with the manufacture, marketing and sale of outerwear exclusively to Target. In addition, this segment licenses the Betsey Johnson® trademark for use in connection with the manufacture, marketing and sale of women's and children’s apparel, hosiery, swimwear, outerwear, sleepwear, activewear, jewelry, watches, bedding, luggage, stationary, umbrellas, and household goods. The Licensing segment also licenses the Dolce Vita® trademark for use in connection with the manufacture, marketing and sale of women's and children's apparel.






Note O – Operating Segment Information (continued)

Year ended
 
Wholesale Footwear
 
Wholesale Accessories
 
Total Wholesale
 
Retail
 
First Cost
 
Licensing
 
Corporate
 
Consolidated
December 31, 2016:
 
 

 
 

 
 

 
 

 
 

 
 

 
 
 
 

Net sales
 
$
881,864

 
$
254,931

 
$
1,136,795

 
$
262,756

 
$
—

 
$
—

 
$
—

 
$
1,399,551

Gross profit
 
279,836

 
84,421

 
364,257

 
157,726

 
—

 
—

 
—

 
521,983

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
3,824

 
8,060

 
—

 
11,884

Income from operations
 
101,214

 
39,032

 
140,246

 
17,046

 
3,824

 
8,060

 
—

 
169,176

Depreciation and amortization
 
 
 
 
 
11,734

 
9,087

 
281

 
—

 
—

 
21,102

Segment assets
 
$
611,145

 
$
235,677

 
846,822

 
118,168

 
8,057

 
—

 
—

 
973,047

Capital expenditures
 
 
 
 
 
$
5,990

 
$
9,907

 
$
—

 
$
—

 
$
—

 
$
15,897

December 31, 2015:
 
 
 
 

 


 
 

 
 

 
 

 
 
 


Net sales
 
$
898,364

 
$
266,563

 
$
1,164,927

 
$
240,312

 
$
—

 
$
—

 
$
—

 
$
1,405,239

Gross profit
 
265,822

 
88,361

 
354,183

 
146,309

 
—

 
—

 
—

 
500,492

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
6,795

 
9,852

 
$
—

 
16,647

Income from operations
 
95,621

 
39,678

 
135,299

 
19,702

 
6,795

 
9,852

 
—

 
171,648

Depreciation and amortization
 
 
 
 
 
12,624

 
7,897

 
236

 
—

 
—

 
20,757

Segment assets
 
$
581,725

 
$
209,213

 
790,938

 
107,661

 
15,786

 
—

 
—

 
914,385

Capital expenditures
 
 
 
 
 
$
7,237

 
$
12,222

 
$
—

 
$
—

 
$
—

 
$
19,459

December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
881,041

 
$
246,608

 
$
1,127,649

 
$
207,302

 
$
—

 
$
—

 
$
—

 
$
1,334,951

Gross profit
 
259,764

 
84,640

 
344,404

 
124,596

 
—

 
—

 
—

 
469,000

Commissions and licensing fees – net
 
—

 
—

 
—

 
—

 
6,438

 
7,285

 
—

 
13,723

Income from operations
 
105,593

 
38,773

 
144,366

 
9,553

 
6,438

 
7,285

 
—

 
167,642

Depreciation and amortization
 
 
 
 
 
7,963

 
6,887

 
227

 
—

 
—

 
15,077

Segment assets
 
$
581,799

 
$
210,250

 
792,049

 
104,744

 
14,442

 
—

 
—

 
911,235

Capital expenditures
 
 
 
 
 
$
10,188

 
$
8,153

 
$
—

 
$
—

 
$
—

 
$
18,341


Note O – Operating Segment Information (continued)
Revenues by geographic area are as follows: 
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Domestic (a)
 
$
1,258,983

 
$
1,255,668

 
$
1,221,771

International
 
140,568

 
149,571

 
113,180

Total
 
$
1,399,551

 
$
1,405,239

 
$
1,334,951

(a) Includes revenues of $315,566, $329,089 and $323,342 for the years ended 2016, 2015 and 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 subsidiary.