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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 532,680 $ 394,797 $ 1,090,024 $ 753,698
Commission and licensing fee income 2,309 3,097 4,699 5,221
Total revenue 534,989 397,894 1,094,723 758,919
Cost of Goods and Services Sold 317,224 227,839 649,060 449,760
Gross profit 217,765 170,055 445,663 309,159
Operating expenses 152,526 121,860 282,528 232,308
Impairment of store fixed assets and lease right-of-use assets 0 477 0 1,089
Income from operations 65,239 47,718 163,135 75,762
Interest and other expense – net (1,291) 777 (1,234) 814
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 63,948 46,941 161,901 74,948
Provision for income taxes 15,033 9,600 38,393 15,276
Net income $ 48,915 $ 37,341 123,508 59,672
Less: net income attributable to noncontrolling interest     535 1,623
Net income attributable to Steven Madden, Ltd.     $ 122,973 $ 58,049
Basic net income per share (in dollars per share) $ 0.63 $ 0.47 $ 1.60 $ 0.74
Diluted net income per share (in dollars per share) $ 0.62 $ 0.45 $ 1.55 $ 0.71
Basic weighted average common shares outstanding 76,556 78,899 76,902 78,968
Effect of dilutive securities – options/restricted stock 2,158 3,162 2,288 3,013
Diluted weighted average common shares outstanding 78,714 82,061 79,190 81,981
Common Stock, Dividends, Per Share, Cash Paid $ 0.21 $ 0.15 $ 0.42 $ 0.30
Noncontrolling Interest        
Less: net income attributable to noncontrolling interest $ 455 $ 489    
Retained Earnings        
Net income attributable to Steven Madden, Ltd. $ 48,460 $ 36,852   $ 58,049