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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 549,846 $ 553,120 $ 1,454,420 $ 1,643,144
Commission and licensing fee income 2,886 3,523 7,448 8,222
Total revenue 552,732 556,643 1,461,868 1,651,366
Cost of Goods and Services Sold 320,107 327,167 844,281 976,227
Gross profit 232,625 229,476 617,587 675,139
Operating expenses 149,887 150,724 444,298 433,252
Income from operations 82,738 78,752 173,289 241,887
Interest and other income – net 1,922 1,340 5,898 106
Income before provision for income taxes 84,660 80,092 179,187 241,993
Provision for income taxes 19,552 18,335 42,219 56,728
Net income $ 65,108 $ 61,757 $ 136,968 $ 185,265
Basic net income per share (in dollars per share) $ 0.88 $ 0.81 $ 1.84 $ 2.41
Diluted net income per share (in dollars per share) $ 0.87 $ 0.79 $ 1.81 $ 2.35
Basic weighted average common shares outstanding 72,943 75,598 73,679 76,463
Effect of dilutive securities – options/restricted stock 1,128 1,798 1,238 2,116
Diluted weighted average common shares outstanding 74,071 77,396 74,917 78,579
Common Stock, Dividends, Per Share, Cash Paid $ 0.21 $ 0.21 $ 0.63 $ 0.63
Noncontrolling Interest        
Less: net income attributable to noncontrolling interest $ 695 $ 460 $ 1,295 $ 995
Retained Earnings        
Net income attributable to Steven Madden, Ltd. $ 64,413 $ 61,297 $ 135,673 $ 184,270