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Operating Segment Information

3 Months Ended

Mar. 31, 2020

Operating Segment InformationThe Company operates the following business segments: Wholesale Footwear, Wholesale Accessories/Apparel, 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 internationally, from sales of branded and private label women’s, men’s, girls’ and children’s footwear. The Wholesale Accessories/Apparel segment, which includes branded and private label handbags, apparel, belts and small leather goods as well as cold weather and selected other fashion accessories, derives revenue, both domestically and internationally, from sales to department stores, mid-tier retailers, mass market merchants, online retailers and specialty stores. Our Wholesale Footwear and Wholesale Accessories/Apparel segments, through revenue from certain territories within Asia, Europe, North America (excluding the United States) and Africa and, under special distribution arrangements, in various other territories within Australia, the Middle East, India, South and Central America and New Zealand and pursuant to a partnership agreement in Singapore. The Retail segment, through the operation of Company-owned retail stores in the United States, Canada and Mexico, our joint ventures in South Africa, China, Taiwan and Israel and the Company’s websites, derives revenue from sales of branded women’s, men’s and children’s footwear, accessories, apparel 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 and other trademark rights for use in connection with the manufacture, marketing and sale of eyewear, outerwear, hosiery, activewear, sleepwear, jewelry, watches, hair accessories, umbrellas, bedding, luggage and fragrance. 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, outerwear, sleepwear, activewear, jewelry, watches, bedding, luggage, umbrellas and household goods. The Licensing segment also licenses the Dolce Vita® trademark for use in connection with the manufacture, marketing and sale of swimwear.


As of and for the three months ended,	Wholesale Footwear		Wholesale Accessories/Apparel		Total Wholesale		Retail		First Cost		Licensing		Consolidated
March 31, 2020
Total revenue	$	235,069	$	67,672	$	302,741	$	52,943	$	1,250	$	2,234	$	359,168
Gross profit	79,784		18,512		98,296		31,684		1,250		2,234		133,464
Income/(loss) from operations	29,091		(10,621)		18,470		(45,803)		148		937		(26,248)
Segment assets	$	823,419	$	113,100	936,519		186,383		16,561		6,441		1,145,904
Capital expenditures					$	2,650	$	651	$	—	$	—	$	3,301
March 31, 2019
Total revenue	$	276,587	$	71,507	$	348,094	$	62,846	$	2,358	$	2,490	$	415,788
Gross profit	98,322		21,916		120,238		36,759		2,358		2,490		161,845
Income/(loss) from operations	48,272		4,867		53,139		(9,706)		(416)		1,643		44,660
Segment assets	$	837,947	$	84,485	922,432		254,479		25,579		7,264		1,209,754
Capital expenditures					$	1,692	$	1,707	$	—	$	—	$	3,399

Revenues by geographic area are as follows:


	Three Months Ended March 31,
	2020		2019
Domestic (a)	$	317,937	$	368,433
International	41,231		47,355
Total	$	359,168	$	415,788
(a) Includes revenues of $68,325 for the three months ended March 31, 2020 and $77,116 for the comparable period in 2019 related to sales to U.S. customers where the title is transferred outside the U.S. and the sale is recorded by our international entities.