XML 71 R39.htm IDEA: XBRL DOCUMENT v3.24.0.1

Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income before income taxes were as follows:

			Years Ended December 31,
(in thousands)			2023						2022						2021
Domestic			$	131,343					$	188,265					$	171,297
Foreign			89,271						94,055						70,771
			$	220,614					$	282,320					$	242,068

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of provision for income taxes were as follows:

			Years Ended December 31,
(in thousands)			2023						2022						2021
Current:
Federal			$	18,491					$	36,983					$	32,983
State and local			3,594						6,057						3,711
Foreign			18,449						18,462						11,635
			40,534						61,502						48,329
Deferred:
Federal			5,229						2,705						(1,402)
State and local			682						466						1,888
Foreign			194						430						794
			6,105						3,601						1,280
			$	46,639					$	65,103					$	49,609

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation between income taxes computed at the federal statutory rate and the effective tax rate is as follows:

			Years Ended December 31,
(in thousands)			2023						2022						2021
Income taxes at federal statutory rate			21.0		%				21.0		%				21.0		%
Effects of foreign operations			0.4						(0.2)						(0.8)
Stock-based compensation			(1.8)						(0.5)						(2.4)
State and local income taxes - net of federal income tax benefit			1.9						2.0						2.1
Nondeductible items			0.3						0.5						1.2
Valuation allowance			(0.1)						0.1						(0.5)
Other			(0.6)						0.2						(0.1)
Effective tax rate			21.1		%				23.1		%				20.5		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred tax assets and liabilities were as follows:

			As of December 31,
(in thousands)			2023						2022
Deferred tax assets
Receivable allowances			$	7,087					$	7,049
Inventory			7,780						8,367
Accrued expenses			343						315
Deferred compensation			3,468						6,461
Net operating loss carryforwards			5,393						5,685
Lease liability			33,232						26,038
Other			2,332						1,042
Gross deferred tax assets before valuation allowance			59,635						54,957
Less: valuation allowance			3,715						3,948
Gross deferred tax assets after valuation allowance			55,920						51,009
Deferred tax liabilities
Depreciation and amortization			(22,648)						(16,704)
Unremitted earnings of foreign subsidiaries			(2,917)						(2,599)
Right-of-use asset			(29,290)						(21,621)
Amortization of goodwill			(7,613)						(7,599)
Indefinite-lived intangibles			(1,449)						(4,654)
Gross deferred tax liabilities			(63,917)						(53,177)
Net deferred tax liabilities			$	(7,997)					$	(2,168)

Summary of Unrecognized Tax Benefits [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits were as follows:

			Years Ended December 31,
(in thousands)			2023						2022						2021
Beginning Balance			$	1,145					$	1,145					$	2,295
Additions for tax positions of prior years			—						—						—
Reductions for tax positions of prior years			(907)						—						(1,150)
Ending Balance			$	238					$	1,145					$	1,145

X

- Definition

Summary of Unrecognized Tax Benefits [Table Text Block]

+ References

No definition available.

+ Details

Name:	shoo_SummaryofUnrecognizedTaxBenefitsTableTextBlock
Namespace Prefix:	shoo_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration