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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 2,272,266 $ 1,971,474 $ 2,111,296
Commission and licensing fee income 10,661 10,108 10,713
Total revenue 2,282,927 1,981,582 2,122,009
Cost of sales (exclusive of depreciation and amortization) 1,345,995 1,149,168 1,248,173
Gross profit 936,932 832,414 873,836
Operating expenses (698,936) (612,672) (586,385)
Change In Valuation of Contingent Payment Liability 2,722 0 5,807
Impairment of intangibles 10,335 6,520 0
Income from operations 224,939 213,222 281,644
Interest and other income - net 5,538 7,392 676
Income before provision for income taxes 230,477 220,614 282,320
Provision for income taxes 54,575 46,639 65,103
Net income 175,902 173,975 217,217
Less: net income attributable to noncontrolling interest $ 6,512 $ 2,421 $ 1,156
Basic net income per share $ 2.38 $ 2.34 $ 2.84
Diluted net income per share $ 2.35 $ 2.30 $ 2.77
Basic weighted average common shares outstanding 71,274 73,337 76,021
Effect of dilutive securities – options/restricted stock 689 1,228 2,048
Diluted weighted average common shares outstanding 71,963 74,565 78,069
Cash dividends declared per common share $ 0.84 $ 0.84 $ 0.84
Non-Controlling Interest      
Less: net income attributable to noncontrolling interest $ 6,512 $ 2,421 $ 1,156
Retained Earnings      
Net income attributable to Steven Madden, Ltd. $ 169,390 $ 171,554 $ 216,061