XML 20 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 1,546,098 $ 1,399,551 $ 1,405,239
Cost of sales 968,357 877,568 904,747
Gross profit 577,741 521,983 500,492
Commission and licensing fee income – net 14,259 11,788 16,565
Operating expenses (421,216) (364,595) (342,364)
Other Asset Impairment Charges 1,000 0 3,045
Income from operations 169,784 169,176 171,648
Interest income 2,548 2,488 2,191
Other Nonoperating Income (Expense) (5) (664) (1,373)
Income before provision for income taxes 172,327 171,000 172,466
Provision for income taxes 53,189 49,726 58,811
Net income 119,138 121,274 113,655
Net income attributable to non-controlling interests (1,190) (363) (717)
Net income attributable to Steven Madden, Ltd. $ 117,948 $ 120,911 $ 112,938
Basic net income per share (in dollars per share) $ 2.14 $ 2.12 $ 1.91
Diluted net income per share (in dollars per share) $ 2.04 $ 2.03 $ 1.85
Basic weighted average common shares outstanding (in shares) 55,157 57,109 58,997
Effect of dilutive securities – options/restricted stock (in shares) 2,673 2,447 2,145
Diluted weighted average common shares outstanding (in shares) 57,830 59,556 61,142