Operating Segment Information

12 Months Ended

Dec. 31, 2020

Operating Segment InformationThe Company operates the following operating segments, which are presented as reportable 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. The Company's Wholesale Footwear and Wholesale Accessories/Apparel segments derive revenue from certain countries in Asia, Europe, North America, and Africa and, under special distribution arrangements, in Australia, the Middle East, India, South and Central America, New Zealand, Southeast Asia 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, the Company's joint ventures in South Africa, China, Taiwan and Israel and its 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.


Year ended	Wholesale Footwear		Wholesale Accessories/Apparel		Total Wholesale		Retail		First Cost		Licensing		Consolidated
December 31, 2020
Total revenue	$	713,662	$	235,892	$	949,554	$	239,389	$	3,902	$	8,969	$	1,201,814
Gross profit	226,556		70,908		297,464		154,206		3,902		8,969		464,541
Income/(loss) from operations	47,854		(17,496)		30,358		(69,248)		1,507		5,778		(31,605)
Depreciation and amortization	6,763		2,586		9,349		7,447		564		—		17,360
Segment assets	812,654		111,621		924,275		196,019		11,026		6,441		1,137,761
Capital expenditures	3,733		1,427		5,160		1,402		—		—		6,562
December 31, 2019
Total revenue	$	1,112,091	$	334,862	$	1,446,953	$	321,182	$	7,441	$	11,581	$	1,787,157
Gross profit	373,587		98,131		471,718		195,277		7,441		11,581		686,017
Income/(loss) from operations	163,482		22,455		185,937		(9,050)		(8,177)		8,104		176,814
Depreciation and amortization	8,061		3,186		11,247		9,580		510		—		21,337
Segment assets	868,059		119,231		987,290		275,937		8,979		6,441		1,278,647
Capital expenditures	9,573		3,783		13,356		4,955		—		—		18,311
December 31, 2018
Total revenue	$	1,058,366	$	300,091	$	1,358,457	$	295,152	$	11,226	$	12,899	$	1,677,734
Gross profit	345,909		91,739		437,648		178,390		11,226		12,899		640,163
Income/(loss) from operations	140,138		27,092		167,230		735		(4,549)		9,966		173,382
Depreciation and amortization	8,536		2,274		10,810		10,593		944		135		22,482
Segment assets	774,081		149,644		923,725		114,194		28,210		6,441		1,072,570
Capital expenditures	5,362		1,428		6,790		5,660		—		—		12,450

Revenues by geographic area are as follows:


	Year Ended December 31,
	2020		2019		2018
Domestic (a)	$	1,054,343	$	1,572,045	$	1,473,588
International	147,471		215,112		204,146
Total	$	1,201,814	$	1,787,157	$	1,677,734