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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Current assets:      
Cash and cash equivalents $ 180,457 $ 204,640 $ 258,056
Short-term Investments 11,761 15,173 16,358
Accounts receivable, net of allowances of $3,204, $4,828 and $6,057 36,624 40,246 41,332
Factor accounts receivable 341,967 320,723 256,627
Inventories 241,643 228,990 207,839
Prepaid expenses and other current assets 28,448 29,009 24,282
Income tax receivable and prepaid income taxes 19,208 16,051 23,405
Total current assets 860,108 854,832 827,899
Property and equipment, net 49,056 47,199 42,267
Operating lease right-of-use asset 143,480 122,783 116,871
Deposits and other 15,553 16,250 10,858
Deferred tax assets 609 609 2,135
Goodwill 183,374 180,003 168,967
Intangibles, net 122,884 126,267 101,047
Assets, Total 1,375,064 1,347,943 1,270,245
Current liabilities:      
Accounts payable 189,772 161,140 130,417
Accrued expenses 143,127 154,751 134,469
Operating leases – current portion 44,961 40,342 36,593
Income taxes payable 7,204 5,998 7,773
Contingent payment liability – current portion 11,957 3,325 1,153
Accrued incentive compensation 8,909 12,068 7,237
Total current liabilities 405,930 377,624 317,642
Contingent payment liability – long-term portion 9,543 9,975 0
Operating leases – long-term portion 112,988 98,536 96,277
Deferred tax liabilities 9,078 8,606 3,923
Other liabilities 5,169 5,170 10,686
Liabilities 542,708 499,911 428,528
Common stock – $0.0001 par value, 245,000 shares authorized,137,180, 136,471 and 134,826 shares issued, 72,606, 73,681 and 75,303 shares outstanding 7 7 8
Additional paid-in capital 600,222 586,155 533,550
Retained earnings 1,728,102 1,679,500 1,610,487
Accumulated other comprehensive loss (36,746) (29,046) (30,984)
Treasury stock – 64,574, 62,790 and 59,523 shares at cost (1,483,306) (1,407,018) (1,288,545)
Total Steven Madden, Ltd. stockholders’ equity 808,279 829,598 824,516
Noncontrolling interest 24,077 18,434 17,201
Total stockholders’ equity 832,356 848,032 841,717
Total Liabilities and Stockholders’ Equity 1,375,064 1,347,943 1,270,245
Note Receivable, Related Party 0 0 201
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