Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net sales	$ 1,971,474	$ 2,111,296	$ 1,853,902
Commission and licensing fee income	10,108	10,713	12,240
Total revenue	1,981,582	2,122,009	1,866,142
Cost of sales (exclusive of depreciation and amortization)	1,149,168	1,248,173	1,098,645
Gross profit	832,414	873,836	767,497
Operating expenses	(612,672)	(592,192)	(519,848)
Impairment of intangibles	6,520	0	2,620
Impairment of lease right-of-use asset and fixed assets	0	0	1,432
Income from operations	213,222	281,644	243,597
Interest and other income/(expense) - net	7,392	676	(1,529)
Income before provision for income taxes	220,614	282,320	242,068
Provision for income taxes	46,639	65,103	49,609
Net income	$ 173,975	$ 217,217	$ 192,459
Basic net income per share	$ 2.34	$ 2.84	$ 2.43
Diluted net income per share	$ 2.30	$ 2.77	$ 2.34
Basic weighted average common shares outstanding	73,337	76,021	78,442
Effect of dilutive securities – options/restricted stock	1,228	2,048	3,186
Diluted weighted average common shares outstanding	74,565	78,069	81,628
Cash dividends declared per common share	$ 0.84	$ 0.84	$ 0.60
Non-Controlling Interest
Less: net income attributable to noncontrolling interest	$ 2,421	$ 1,156	$ 1,781
Retained Earnings
Net income attributable to Steven Madden, Ltd.	$ 171,554	$ 216,061	$ 190,678

Income recognized during the period for commission fees and licensing income. Commission fees are earned by the entity when it acts as an agent in the buying of goods. Licensing fees are paid to the entity (licensor) by another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include but are not limited to, rights to use a patent, copyright, technology, manufacturing process or trademark.

No definition available.