XML 35 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 189,924 $ 204,640
Short-term investments 13,484 15,173
Accounts receivable, net of allowances of $4,670 and $4,828 45,653 40,246
Factor accounts receivable 348,659 320,723
Inventories 257,625 228,990
Prepaid expenses and other current assets 34,463 29,009
Income tax receivable and prepaid income taxes 4,887 16,051
Total current assets 894,695 854,832
Note receivable - related party 0  
Property and equipment, net 57,388 47,199
Operating lease right-of-use asset 139,695 122,783
Deferred tax assets 610 609
Deposits and other 22,214 16,250
Goodwill 183,737 180,003
Intangibles, net 113,432 126,267
Total Assets 1,411,771 1,347,943
Current liabilities:    
Accounts payable 206,889 161,140
Accrued expenses 142,452 154,751
Operating leases - current portion 43,172 40,342
Income taxes payable 6,147 5,998
Contingent consideration liability - current portion 0 3,325
Accrued incentive compensation 15,061 12,068
Total current liabilities 413,721 377,624
Contingent consideration liability - long-term portion 7,565 9,975
Operating leases - long-term portion 109,816 98,536
Deferred tax liabilities 4,628 8,606
Other liabilities 44 5,170
Total Liabilities 535,774 499,911
Commitments, contingencies and other (Note 15)
STOCKHOLDERS’ EQUITY    
Common stock – $0.0001 par value, 245,000 shares authorized, 137,248 and 136,471 shares issued, 72,157 and 73,681 shares outstanding 7 7
Additional paid-in capital 614,381 586,155
Retained earnings 1,787,851 1,679,500
Accumulated other comprehensive loss (48,291) (29,046)
Treasury stock – 65,091 and 62,790 shares at cost (1,506,229) (1,407,018)
Total Steven Madden, Ltd. stockholders’ equity 847,719 829,598
Noncontrolling interest 28,278 18,434
Total stockholders’ equity 875,997 848,032
Total Liabilities and Stockholders’ Equity 1,411,771 1,347,943
Preferred Stock    
STOCKHOLDERS’ EQUITY    
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