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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales to external customers $ 444,974,000 $ 395,753,000 $ 855,914,000 $ 784,767,000
Cost of Goods and Services Sold 279,629,000 247,979,000 533,572,000 496,260,000
Gross profit 165,345,000 147,774,000 322,342,000 288,507,000
Commission and licensing fee income – net 3,147,000 2,244,000 4,374,000 5,903,000
Operating expenses 119,809,000 108,434,000 233,373,000 216,269,000
Impairment charges (4,050,000) 0 (4,050,000) 0
Income from operations 44,633,000 41,584,000 89,293,000 78,141,000
Interest and other income – net 1,262,000 1,033,000 2,454,000 1,630,000
Income before provision for income taxes 45,895,000 42,617,000 91,747,000 79,771,000
Provision for income taxes (Note J) 9,784,000 10,172,000 20,371,000 18,128,000
Net income 36,111,000 32,445,000 71,376,000 61,643,000
Less: net (loss)/income attributable to noncontrolling interest (461,000) 35,000 279,000 560,000
Net income attributable to Steven Madden, Ltd. $ 36,572,000 $ 32,410,000 $ 71,097,000 $ 61,083,000
Basic net income per share (in dollars per share) $ 0.46 $ 0.40 $ 0.89 $ 0.75
Diluted net income per share (in dollars per share) $ 0.44 $ 0.38 $ 0.85 $ 0.71
Basic weighted average common shares outstanding 79,951 81,681 80,241 81,885
Effect of dilutive securities – options/restricted stock 3,918 4,577 3,823 4,238
Diluted weighted average common shares outstanding 83,869 86,258 84,064 86,123
Common Stock, Dividends, Per Share, Cash Paid $ 0.14 $ 0.13 $ 0.28 $ 0.26