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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Current assets:      
Cash and cash equivalents $ 144,762 $ 189,924 $ 131,501
Short-term Investments 2,480 13,484 11,556
Accounts receivable, net of allowances of $4,131, $4,670 and $4,874 70,830 45,653 44,457
Factor accounts receivable 387,706 348,659 380,613
Inventories 238,641 257,625 201,960
Prepaid expenses and other current assets 34,908 34,463 28,324
Income tax receivable and prepaid income taxes 6,686 4,887 8,883
Total current assets 886,013 894,695 807,294
Property and equipment, net 65,853 57,388 47,490
Operating lease right-of-use asset 152,689 139,695 127,464
Deposits and other 22,040 22,214 15,991
Deferred tax assets 610 610 609
Goodwill 187,441 183,737 180,869
Intangibles, net 112,555 113,432 124,436
Assets, Total 1,427,201 1,411,771 1,304,153
Current liabilities:      
Accounts payable 217,192 206,889 170,154
Accrued expenses 110,327 142,452 109,173
Operating leases – current portion 45,526 43,172 40,020
Income taxes payable 18,855 6,147 4,474
Contingent payment liability – current portion 0 0 3,738
Accrued incentive compensation 2,654 15,061 4,953
Total current liabilities 394,554 413,721 332,512
Contingent payment liability – long-term portion 3,070 7,565 11,212
Operating leases – long-term portion 120,730 109,816 102,637
Deferred tax liabilities 5,067 4,628 9,016
Other liabilities 104 44 5,169
Liabilities 523,525 535,774 460,546
Common stock – $0.0001 par value, 245,000 shares authorized,137,867, 137,248 and 136,996 shares issued, 72,575, 72,157 and 73,324 shares outstanding 7 7 7
Additional paid-in capital 621,536 614,381 592,115
Retained earnings 1,813,088 1,787,851 1,708,018
Accumulated other comprehensive loss (45,288) (48,291) (30,549)
Treasury stock – 65,292, 65,091 and 63,672 shares at cost (1,513,999) (1,506,229) (1,444,355)
Total Steven Madden, Ltd. stockholders’ equity 875,344 847,719 825,236
Noncontrolling interest 28,332 28,278 18,371
Total stockholders’ equity 903,676 875,997 843,607
Total Liabilities and Stockholders’ Equity 1,427,201 1,411,771 1,304,153
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