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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 204,640 $ 274,713
Short-term investments 15,173 15,085
Accounts receivable, net of allowances of $4,828 and $7,721 40,246 37,937
Factor accounts receivable 320,723 248,228
Inventories 228,990 228,752
Prepaid expenses and other current assets 29,009 22,989
Income tax receivable and prepaid income taxes 16,051 15,853
Total current assets 854,832 843,557
Note receivable - related party 0 401
Property and equipment, net 47,199 40,664
Operating lease right-of-use asset 122,783 90,264
Deferred tax assets 609 1,755
Deposits and other 16,250 12,070
Goodwill 180,003 168,085
Intangibles, net 126,267 101,192
Total Assets 1,347,943 1,257,988
Current liabilities:    
Accounts payable 161,140 130,542
Accrued expenses 154,751 138,523
Operating leases - current portion 40,342 29,499
Income taxes payable 5,998 9,403
Contingent payment liability - current portion 3,325 1,153
Accrued incentive compensation 12,068 11,788
Total current liabilities 377,624 320,908
Contingent payment liability - long-term portion 9,975 0
Operating leases - long-term portion 98,536 79,128
Deferred tax liabilities 8,606 3,923
Other liabilities 5,170 10,166
Total Liabilities 499,911 414,125
Commitments, contingencies and other (Note O)
STOCKHOLDERS’ EQUITY    
Common stock – $0.0001 par value, 245,000 shares authorized, 136,471 and 134,456 shares issued, 73,681 and 76,796 shares outstanding 7 8
Additional paid-in capital 586,155 520,441
Retained earnings 1,679,500 1,571,123
Accumulated other comprehensive loss (29,046) (35,709)
Treasury stock – 62,790 and 57,660 shares at cost (1,407,018) (1,224,310)
Total Steven Madden, Ltd. stockholders’ equity 829,598 831,553
Noncontrolling interest 18,434 12,310
Total stockholders’ equity 848,032 843,863
Total Liabilities and Stockholders’ Equity 1,347,943 1,257,988
Preferred Stock    
STOCKHOLDERS’ EQUITY    
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