XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.20.2

Operating Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2020
Segment Reporting [Abstract] |
Operating Segment Information | 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, derives 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-merchants, 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
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 77,966 |  |  | $ | 22,018 |  |  | $ | 99,984 |  |  | $ | 41,379 |  |  | $ | 252 |  |  | $ | 1,197 |  |  | $ | 142,812 |
Gross profit |  | 21,744 |  |  | 4,806 |  |  | 26,550 |  |  | 27,889 |  |  | 252 |  |  | 1,197 |  |  | 55,888 |
(Loss)/income from operations |  | (10,699) |  |  | (4,404) |  |  | (15,103) |  |  | (8,933) |  |  | (172) |  |  | 506 |  |  | (23,702) |
Segment assets |  | $ | 822,087 |  |  | $ | 112,917 |  |  | 935,004 |  |  | 183,657 |  |  | 7,290 |  |  | 6,441 |  |  | 1,132,392 |
Capital expenditures |  |  |  |  |  | $ | 767 |  |  | $ | 252 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,019 |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 286,237 |  |  | $ | 77,265 |  |  | $ | 363,502 |  |  | $ | 81,472 |  |  | $ | 1,576 |  |  | $ | 3,079 |  |  | $ | 449,629 |
Gross profit |  | 94,657 |  |  | 22,012 |  |  | 116,669 |  |  | 48,676 |  |  | 1,576 |  |  | 3,079 |  |  | 170,000 |
Income/(loss) from operations |  | 38,429 |  |  | 4,750 |  |  | 43,179 |  |  | (1,693) |  |  | 951 |  |  | 2,196 |  |  | 44,633 |
Segment assets |  | $ | 911,077 |  |  | $ | 101,041 |  |  | 1,012,118 |  |  | 253,025 |  |  | 8,721 |  |  | 7,696 |  |  | 1,281,560 |
Capital expenditures |  |  |  |  |  | $ | 1,273 |  |  | $ | 1,542 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,815 |
As of and for the six months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Total Wholesale |  | Retail |  | First Cost |  | Licensing |  | Consolidated
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 313,035 |  |  | $ | 89,690 |  |  | $ | 402,725 |  |  | $ | 94,322 |  |  | $ | 1,502 |  |  | $ | 3,431 |  |  | $ | 501,980 |
Gross profit |  | 101,528 |  |  | 23,318 |  |  | 124,846 |  |  | 59,573 |  |  | 1,502 |  |  | 3,431 |  |  | 189,352 |
Income/(loss) from operations |  | 18,392 |  |  | (15,025) |  |  | 3,367 |  |  | (54,736) |  |  | (24) |  |  | 1,443 |  |  | (49,950) |
Segment assets |  | $ | 822,087 |  |  | $ | 112,917 |  |  | 935,004 |  |  | 183,657 |  |  | 7,290 |  |  | 6,441 |  |  | 1,132,392 |
Capital expenditures |  |  |  |  |  | $ | 3,417 |  |  | $ | 903 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,320 |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 562,825 |  |  | $ | 148,772 |  |  | $ | 711,597 |  |  | $ | 144,317 |  |  | $ | 3,934 |  |  | $ | 5,569 |  |  | $ | 865,417 |
Gross profit |  | 192,978 |  |  | 43,928 |  |  | 236,906 |  |  | 85,436 |  |  | 3,934 |  |  | 5,569 |  |  | 331,845 |
Income/(loss) from operations |  | 86,701 |  |  | 9,617 |  |  | 96,318 |  |  | (11,399) |  |  | 535 |  |  | 3,839 |  |  | 89,293 |
Segment assets |  | $ | 911,077 |  |  | $ | 101,041 |  |  | 1,012,118 |  |  | 253,025 |  |  | 8,721 |  |  | 7,696 |  |  | 1,281,560 |
Capital expenditures |  |  |  |  |  | $ | 2,965 |  |  | $ | 3,249 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,214 |
Revenues by geographic area are as follows:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Domestic (a) |  | $ | 126,130 |  |  | $ | 403,977 |  |  | $ | 444,067 |  |  | $ | 772,410 |
International |  | 16,682 |  |  | 45,652 |  |  | 57,913 |  |  | 93,007 |
Total |  | $ | 142,812 |  |  | $ | 449,629 |  |  | $ | 501,980 |  |  | $ | 865,417 |
(a) Includes revenues of $49,659 and $117,984 for the three and six months ended June 30, 2020, respectively, and $101,855 and $178,972 for the comparable periods 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. |  |  |  |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration