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Operating Segment Information | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Operating Segment Information | Operating Segment Information The 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, South and Central America, New Zealand, and 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, Mexico, Europe and South Africa, the Company's joint ventures in 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, jewelry, watches, hair accessories, umbrellas, bedding, luggage, swimwear and men's accessories. 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, sleepwear, jewelry, watches, bedding, luggage, umbrellas, eyewear, scrubs, fragrance, slippers, and household goods. As of 2021, the Company displayed unallocated corporate expenses separately for all periods presented. Corporate does not constitute as a reportable segment and includes costs not directly attributable to the segments that are primarily related to costs associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cyber security and other shared costs.
As of and for the three months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Total Wholesale |  | Retail |  | First Cost |  | Licensing |  | Corporate (1) | Consolidated
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 304,203 |  |  | $ | 97,811 |  |  | $ | 402,014 |  |  | $ | 123,054 |  |  | $ | 991 |  |  | $ | 2,683 |  |  | $ | — |  | $ | 528,742 |
Gross profit |  | 108,019 |  |  | 27,184 |  |  | 135,203 |  |  | 81,121 |  |  | 991 |  |  | 2,683 |  |  | — |  | 219,998 |
Income/(loss) from operations |  | $ | 70,515 |  |  | $ | 13,310 |  |  | $ | 83,825 |  |  | $ | 22,539 |  |  | $ | 695 |  |  | $ | 1,991 |  |  | $ | (20,632) |  | $ | 88,418 |
Segment assets |  | $ | 341,853 |  |  | $ | 494,992 |  |  | $ | 836,845 |  |  | $ | 271,125 |  |  | $ | 69,517 |  |  | $ | 82,056 |  |  | $ | 40,517 |  | $ | 1,300,060 |
Capital expenditures |  | $ | 171 |  |  | $ | 58 |  |  | $ | 229 |  |  | $ | 458 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 1,126 |  | $ | 1,816 |
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 213,327 |  |  | $ | 70,516 |  |  | $ | 283,843 |  |  | $ | 58,987 |  |  | $ | 1,479 |  |  | $ | 2,558 |  |  | $ | — |  | $ | 346,867 |
Gross profit |  | 73,140 |  |  | 25,065 |  |  | 98,205 |  |  | 37,635 |  |  | 1,479 |  |  | 2,558 |  |  | — |  | 139,877 |
Income/(loss) from operations |  | $ | 31,707 |  |  | $ | (4,658) |  |  | $ | 27,049 |  |  | $ | (17,292) |  |  | $ | 882 |  |  | $ | 1,948 |  |  | $ | (15,585) |  | $ | (2,998) |
Segment assets |  | $ | 284,327 |  |  | $ | 423,146 |  |  | $ | 707,473 |  |  | $ | 223,428 |  |  | $ | 65,452 |  |  | $ | 69,725 |  |  | $ | 38,332 |  | $ | 1,104,410 |
Capital expenditures |  | $ | 366 |  |  | $ | 26 |  |  | $ | 392 |  |  | $ | 425 |  |  | $ | — |  |  | $ | — |  |  | $ | 359 |  | $ | 1,176 |
As of and for the nine months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Total Wholesale |  | Retail |  | First Cost |  | Licensing |  | Corporate (1) | Consolidated
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 719,094 |  |  | $ | 236,444 |  |  | $ | 955,538 |  |  | $ | 323,227 |  |  | $ | 1,909 |  |  | $ | 6,987 |  |  | $ | — |  | $ | 1,287,661 |
Gross profit |  | 247,139 |  |  | 62,351 |  |  | 309,490 |  |  | 210,771 |  |  | 1,909 |  |  | 6,987 |  |  | — |  | $ | 529,157 |
Income/(loss) from operations |  | $ | 159,049 |  |  | $ | 15,468 |  |  | $ | 174,517 |  |  | $ | 43,632 |  |  | $ | 1,577 |  |  | $ | 5,826 |  |  | $ | (61,372) |  | $ | 164,180 |
Segment assets |  | $ | 341,853 |  |  | $ | 494,992 |  |  | $ | 836,845 |  |  | $ | 271,125 |  |  | $ | 69,517 |  |  | $ | 82,056 |  |  | $ | 40,517 |  | $ | 1,300,060 |
Capital expenditures |  | $ | 634 |  |  | $ | 784 |  |  | $ | 1,418 |  |  | $ | 739 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 2,439 |  | $ | 4,599 |
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 526,362 |  |  | $ | 160,206 |  |  | $ | 686,568 |  |  | $ | 153,309 |  |  | $ | 2,981 |  |  | $ | 5,989 |  |  | $ | — |  | $ | 848,847 |
Gross profit |  | 174,668 |  |  | 48,383 |  |  | 223,051 |  |  | 97,208 |  |  | 2,981 |  |  | 5,989 |  |  | — |  | $ | 329,229 |
Income/(loss) from operations |  | $ | 71,534 |  |  | $ | (12,465) |  |  | $ | 59,069 |  |  | $ | (66,944) |  |  | $ | 1,251 |  |  | $ | 3,416 |  |  | $ | (49,740) |  | $ | (52,948) |
Segment assets |  | $ | 284,327 |  |  | $ | 423,146 |  |  | $ | 707,473 |  |  | $ | 223,428 |  |  | $ | 65,452 |  |  | $ | 69,725 |  |  | $ | 38,332 |  | $ | 1,104,410 |
Capital expenditures |  | $ | 819 |  |  | $ | 105 |  |  | $ | 924 |  |  | $ | 1,391 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,181 |  | $ | 5,496 |
(1) Revised to present unallocated corporate expenses separately for all periods presented. Corporate does not constitute as a reportable segment and includes costs not directly attributable to the segments that are primarily related to costs associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cyber security and other shared costs. Revenues by geographic area are as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Domestic (1) |  | $ | 460,246 |  |  | $ | 297,641 |  |  | $ | 1,128,992 |  |  | $ | 741,708 |
International |  | 68,496 |  |  | 49,226 |  |  | 158,669 |  |  | 107,139 |
Total |  | $ | 528,742 |  |  | $ | 346,867 |  |  | $ | 1,287,661 |  |  | $ | 848,847 |

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- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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