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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales $ 521,709 $ 442,837 $ 1,072,276 $ 904,574
Licensing fee income 1,844 2,465 3,658 4,562
Total revenue 523,553 445,302 1,075,934 909,136
Cost of sales (exclusive of depreciation and amortization) 306,424 255,432 633,990 524,174
Gross profit 217,129 189,870 441,944 384,962
Operating expenses 163,709 145,830 328,428 294,411
Change in valuation of contingent payment liability 6,550 0 8,200 0
Impairment of intangible 0 0 1,700 0
Income from operations 46,870 44,040 103,616 90,551
Interest and other income – net 1,354 1,956 2,909 3,976
Income before provision for income taxes 48,224 45,996 106,525 94,527
Provision for income taxes 11,276 10,923 25,015 22,668
Net income $ 36,948 $ 35,073 $ 81,510 $ 71,859
Basic net income per share (in dollars per share) $ 0.50 $ 0.47 $ 1.10 $ 0.96
Diluted net income per share (in dollars per share) $ 0.49 $ 0.46 $ 1.09 $ 0.95
Basic weighted average common shares outstanding 71,458 73,613 71,875 74,053
Effect of dilutive securities – options/restricted stock 546 1,270 555 1,308
Diluted weighted average common shares outstanding 72,004 74,883 72,430 75,361
Cash dividends declared per common share $ 0.21 $ 0.21 $ 0.42 $ 0.42
Noncontrolling Interest        
Less: net income attributable to noncontrolling interest $ 1,572 $ 544 $ 2,200 $ 600
Retained Earnings        
Net income attributable to Steven Madden, Ltd. $ 35,376 $ 34,529 $ 79,310 $ 71,259