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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Current assets:      
Cash and cash equivalents $ 191,804 $ 274,713 $ 139,194
Short-term Investments 14,641 15,085 9,051
Accounts receivable, net of allowances of $4,513, $7,721 and $8,636 58,538 37,937 48,601
Factor accounts receivable 342,871 248,228 341,141
Inventories 205,693 228,752 244,315
Prepaid expenses and other current assets 24,334 22,989 25,531
Income tax receivable and prepaid income taxes 15,702 15,853 9,416
Total current assets 853,583 843,557 817,249
Property and equipment, net 44,920 40,664 36,861
Operating lease right-of-use asset 113,058 90,264 90,407
Deposits and other 10,567 12,070 3,655
Deferred taxes 1,570 1,755 6,945
Goodwill – net 168,612 168,085 167,652
Intangibles – net 99,817 101,192 102,967
Assets, Total 1,292,227 1,257,988 1,226,235
Current liabilities:      
Accounts payable 140,623 130,542 99,173
Accrued expenses 129,754 138,523 119,650
Operating leases – current portion 36,521 29,499 30,234
Income taxes payable 13,519 9,403 19,161
Contingent payment liability 1,153 1,153 440
Accrued incentive compensation 10,190 11,788 11,423
Total current liabilities 331,760 320,908 280,081
Operating leases – long-term portion 91,916 79,128 79,906
Deferred tax liabilities 3,923 3,923 3,378
Other liabilities 10,914 10,166 10,930
Liabilities 438,513 414,125 374,295
Common stock – $0.0001 par value, 245,000 shares authorized,136,430, 134,456 and 134,443 shares issued, 74,610, 76,796 and 77,906 shares outstanding 8 8 8
Additional paid-in capital 579,473 520,441 514,156
Retained earnings 1,659,202 1,571,123 1,555,563
Accumulated other comprehensive loss (33,428) (35,709) (39,887)
Treasury stock – 61,820, 57,660 and 56,537 shares at cost (1,368,217) (1,224,310) (1,187,537)
Total Steven Madden, Ltd. stockholders’ equity 837,038 831,553 842,303
Noncontrolling interest 16,676 12,310 9,637
Total stockholders’ equity 853,714 843,863 851,940
Total Liabilities and Stockholders’ Equity 1,292,227 1,257,988 1,226,235
Note Receivable, Related Party 100 401 499
Preferred Stock      
Current liabilities:      
Preferred stock – $0.0001 par value, 5,000 shares authorized; none issued; Series A Junior Participating preferred stock – $0.0001 par value, 60 shares authorized; none issued $ 0 $ 0 $ 0