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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net sales $ 621,170 $ 549,846 $ 1,693,446 $ 1,454,420
Licensing fee income 3,505 2,886 7,163 7,448
Total revenue 624,675 552,732 1,700,609 1,461,868
Cost of sales (exclusive of depreciation and amortization) 365,131 320,107 999,121 844,281
Gross profit 259,544 232,625 701,488 617,587
Operating expenses 178,915 149,887 507,343 444,298
Change in valuation of contingent payment liability (2,584) 0 5,616 0
Impairment of intangibles 8,635 0 10,335 0
Income from operations 74,578 82,738 178,194 173,289
Interest and other income – net 1,400 1,922 4,309 5,898
Income before provision for income taxes 75,978 84,660 182,503 179,187
Provision for income taxes 19,390 19,552 44,404 42,219
Net income $ 56,588 $ 65,108 $ 138,099 $ 136,968
Basic net income per share (in dollars per share) $ 0.78 $ 0.88 $ 1.88 $ 1.84
Diluted net income per share (in dollars per share) $ 0.77 $ 0.87 $ 1.87 $ 1.81
Basic weighted average common shares outstanding 70,806 72,943 71,516 73,679
Effect of dilutive securities – options/restricted stock 763 1,128 619 1,238
Diluted weighted average common shares outstanding 71,569 74,071 72,135 74,917
Cash dividends declared per common share $ 0.21 $ 0.21 $ 0.63 $ 0.63
Noncontrolling Interest        
Less: net income attributable to noncontrolling interest $ 1,310 $ 695 $ 3,510 $ 1,295
Retained Earnings        
Net income attributable to Steven Madden, Ltd. $ 55,278 $ 64,413 $ 134,589 $ 135,673