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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Current assets:      
Cash and cash equivalents $ 139,414 $ 204,640 $ 191,804
Short-term Investments 11,064 15,173 14,641
Accounts receivable, net of allowances of $4,068, $4,828 and $4,513 56,297 40,246 58,538
Factor accounts receivable 426,408 320,723 342,871
Inventories 268,669 228,990 205,693
Prepaid expenses and other current assets 28,041 29,009 24,334
Income tax receivable and prepaid income taxes 14,950 16,051 15,702
Total current assets 944,843 854,832 853,583
Property and equipment, net 52,906 47,199 44,920
Operating lease right-of-use asset 148,391 122,783 113,058
Deposits and other 20,166 16,250 10,567
Deferred tax assets 609 609 1,570
Goodwill 181,905 180,003 168,612
Intangibles, net 108,308 126,267 99,817
Assets, Total 1,457,128 1,347,943 1,292,227
Current liabilities:      
Accounts payable 225,586 161,140 140,623
Accrued expenses 150,067 154,751 129,754
Operating leases – current portion 43,812 40,342 36,521
Income taxes payable 12,435 5,998 13,519
Contingent payment liability – current portion 7,716 3,325 1,153
Accrued incentive compensation 13,347 12,068 10,190
Total current liabilities 452,963 377,624 331,760
Contingent payment liability – long-term portion 11,200 9,975 0
Operating leases – long-term portion 118,674 98,536 91,916
Deferred tax liabilities 8,777 8,606 3,923
Other liabilities 5,448 5,170 10,914
Liabilities 597,062 499,911 438,513
Common stock – $0.0001 par value, 245,000 shares authorized,137,221, 136,471 and 136,430 shares issued, 72,192, 73,681 and 74,610 shares outstanding 7 7 8
Additional paid-in capital 607,511 586,155 579,473
Retained earnings 1,768,209 1,679,500 1,659,202
Accumulated other comprehensive loss (38,259) (29,046) (33,428)
Treasury stock – 65,029, 62,790 and 61,820 shares at cost (1,503,545) (1,407,018) (1,368,217)
Total Steven Madden, Ltd. stockholders’ equity 833,923 829,598 837,038
Noncontrolling interest 26,143 18,434 16,676
Total stockholders’ equity 860,066 848,032 853,714
Total Liabilities and Stockholders’ Equity 1,457,128 1,347,943 1,292,227
Note Receivable, Related Party 0 0 100
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