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Operating Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Operating Segment Information
Note S – Operating Segment Information
The Company operates the following operating segments, which are presented as reportable segments: Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to-Consumer, and Licensing. As of January 2023, the Company no longer serves as a buying agent for any of its customers, and as a result no longer reports under the First Cost segment. This change is not considered to have a material or meaningful impact on the Company's operations. Our Wholesale Footwear segment designs, sources, and markets our brands and sells our products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs throughout the United States, Canada, Mexico, and Europe, and through our joint ventures and international distributor network. Our Wholesale Accessories/Apparel segment designs, sources, and markets our brands and sells our products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs throughout the United States, Canada, Mexico, and Europe and through our joint ventures and international distributor network. Our Direct-to-Consumer segment consists of Steve Madden® and Dolce Vita® full-price retail stores, Steve Madden® outlet stores, Steve Madden® concessions in international markets, and our directly-operated digital e-commerce websites. We operate retail locations in regional malls and shopping centers, as well as high streets in major cities across the United States, Canada, Mexico, Europe, Israel, South Africa, Taiwan, China, and the Middle East. Our Licensing segment is engaged in the licensing of the Steve Madden® and Betsey Johnson® trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.
Our Corporate activities do not constitute a reportable segment and include costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cyber security, and other shared services.
The Chief Operating Decision Maker does not review asset information by segment; therefore we do not present assets in this note.
(in thousands)Wholesale FootwearWholesale Accessories/ApparelTotal WholesaleDirect-to- ConsumerFirst CostLicensing
Corporate (1)
Consolidated
For the Year Ended December 31, 2023
Total revenue$1,048,448 $416,532 $1,464,980 $506,494 $— $10,108 $— $1,981,582 
Gross profit370,631 135,168 505,799 316,507 — 10,108 — 832,414 
Income/(loss) from operations204,950 61,428 266,378 30,160 — 8,427 (91,743)213,222 
Depreciation and amortization2,452 2,569 5,021 4,590 — — 5,890 15,501 
Capital expenditures2,790 141 2,931 12,061 — — 4,478 19,470 
For the Year Ended December 31, 2022
Total revenue$1,194,890 $394,676 $1,589,566 $521,729 $916 $9,798 $— $2,122,009 
Gross profit431,081 100,085 531,166 331,956 916 9,798 — 873,836 
Income/(loss) from operations264,958 29,775 294,733 67,649 766 7,854 (89,358)281,644 
Depreciation and amortization2,433 9,439 11,872 3,740 — — 4,964 20,576 
Capital expenditures802 277 1,079 6,380 4 — 8,888 16,351 
For the Year Ended December 31, 2021
Total revenue$1,022,322 $343,675 $1,365,997 $487,906 $2,346 $9,893 $— $1,866,142 
Gross profit345,167 94,675 439,842 315,416 2,346 9,893 — 767,497 
Income/(loss) from operations217,163 26,628 243,791 74,542 1,971 8,108 (84,815)243,597 
Depreciation and amortization2,946 2,769 5,715 3,976 — — 5,517 15,208 
Capital expenditures1,051 807 1,858 1,156 9 — 3,585 6,608 
(1) Corporate does not constitute a reportable segment and includes costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cyber security, and other shared services.
Revenues by geographic area are as follows:
Year Ended December 31,
(in thousands)202320222021
Domestic(1)
$1,601,098 $1,772,711 $1,641,090 
International380,484 349,298 225,052 
Total$1,981,582 $2,122,009 $1,866,142 
(1) Includes revenues of $272,794, $305,437, and $329,934, respectively, for the years ended 2023, 2022, and 2021, respectively, related to sales to U.S. customers where the title is transferred outside the U.S. and the sale is recorded by the Company's international entities.