XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Current assets:      
Cash and cash equivalents $ 131,501 $ 204,640 $ 209,979
Short-term Investments 11,556 15,173 13,740
Accounts receivable, net of allowances of $4,874, $4,828 and $7,208 44,457 40,246 46,138
Factor accounts receivable 380,613 320,723 283,893
Inventories 201,960 228,990 179,937
Prepaid expenses and other current assets 28,324 29,009 22,267
Income tax receivable and prepaid income taxes 8,883 16,051 12,079
Total current assets 807,294 854,832 768,033
Property and equipment, net 47,490 47,199 41,519
Operating lease right-of-use asset 127,464 122,783 112,501
Deposits and other 15,991 16,250 11,750
Deferred tax assets 609 609 1,963
Goodwill 180,869 180,003 168,228
Intangibles, net 124,436 126,267 100,826
Assets, Total 1,304,153 1,347,943 1,205,121
Current liabilities:      
Accounts payable 170,154 161,140 101,678
Accrued expenses 109,173 154,751 112,395
Operating leases – current portion 40,020 40,342 33,977
Income taxes payable 4,474 5,998 3,934
Contingent payment liability – current portion 3,738 3,325 1,153
Accrued incentive compensation 4,953 12,068 4,105
Total current liabilities 332,512 377,624 257,242
Contingent payment liability – long-term portion 11,212 9,975 0
Operating leases – long-term portion 102,637 98,536 95,797
Deferred tax liabilities 9,016 8,606 3,923
Other liabilities 5,169 5,170 10,461
Liabilities 460,546 499,911 367,423
Common stock – $0.0001 par value, 245,000 shares authorized,136,996, 136,471 and 134,746 shares issued, 73,324, 73,681 and 76,011 shares outstanding 7 7 8
Additional paid-in capital 592,115 586,155 526,844
Retained earnings 1,708,018 1,679,500 1,591,814
Accumulated other comprehensive loss (30,549) (29,046) (34,863)
Treasury stock – 63,672, 62,790 and 58,735 shares at cost (1,444,355) (1,407,018) (1,262,761)
Total Steven Madden, Ltd. stockholders’ equity 825,236 829,598 821,042
Noncontrolling interest 18,371 18,434 16,656
Total stockholders’ equity 843,607 848,032 837,698
Total Liabilities and Stockholders’ Equity 1,304,153 1,347,943 1,205,121
Note Receivable, Related Party 0 0 301
Preferred Stock      
Current liabilities:      
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 $ 0