XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.25.2

Operating Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables set forth information related to the Company's segments:
For the three months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Direct-to-Consumer |  | Licensing |  | Total
June 30, 2025 |  |  |  |  |  |  |  |  |  |
Total revenue(1) |  | $ | 220,139 |  |  | $ | 140,449 |  |  | $ | 195,502 |  |  | $ | 2,910 |  |  | $ | 559,000 |
Less: Cost of sales(2) |  | 151,654 |  |  | 100,640 |  |  | 80,679 |  |  | — |  |  | 332,973 |
Gross profit |  | 68,485 |  |  | 39,809 |  |  | 114,823 |  |  | 2,910 |  |  | 226,027 |
Less: Change in valuation of contingent consideration liability(2) |  | — |  |  | 2,420 |  |  | — |  |  | — |  |  | 2,420 |
Less: Salaries and related expense(2) |  | 18,012 |  |  | 14,015 |  |  | 28,800 |  |  | 239 |  |  | 61,066 |
Less: Other segment items(3) |  | 25,568 |  |  | 17,465 |  |  | 130,357 |  |  | 314 |  |  | 173,704 |
Income / (loss) from operations |  | $ | 24,905 |  |  | $ | 5,909 |  |  | $ | (44,334) |  |  | $ | 2,357 |  |  | $ | (11,163) |
(1) There were no inter-segment revenue transactions during any of the periods presented, and therefore, total segment revenue represents consolidated revenue. (2) The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM. (3) Other segment items in the Wholesale Footwear, Wholesale Accessories/Apparel, and Direct-to-Consumer segments consist of the following: warehouse and shipping, advertising and promotion, occupancy, depreciation and amortization, certain transaction related costs, and other miscellaneous costs. Other segment items in the Licensing segment consists of advertising and promotion and other miscellaneous costs.
For the three months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Direct-to-Consumer |  | Licensing |  | Total
June 30, 2024 |  |  |  |  |  |  |  |  |  |
Total revenue(1) |  | $ | 237,024 |  |  | $ | 148,276 |  |  | $ | 136,409 |  |  | $ | 1,844 |  |  | $ | 523,553 |
Less: Cost of sales(2) |  | 157,914 |  |  | 99,832 |  |  | 48,678 |  |  | — |  |  | 306,424 |
Gross profit |  | 79,110 |  |  | 48,444 |  |  | 87,731 |  |  | 1,844 |  |  | 217,129 |
Less: Change in valuation of contingent consideration liability(2) |  | — |  |  | 6,550 |  |  | — |  |  | — |  |  | 6,550 |
Less: Salaries and related expense(2) |  | 17,627 |  |  | 13,172 |  |  | 18,395 |  |  | 303 |  |  | 49,497 |
Less: Other segment items(3) |  | 22,544 |  |  | 13,168 |  |  | 54,254 |  |  | 159 |  |  | 90,125 |
Income from operations |  | $ | 38,939 |  |  | $ | 15,554 |  |  | $ | 15,082 |  |  | $ | 1,382 |  |  | $ | 70,957 |
(1) There were no inter-segment revenue transactions during any of the periods presented, and therefore, total segment revenue represents consolidated revenue. (2) The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM. (3) Other segment items in the Wholesale Footwear, Wholesale Accessories/Apparel, and Direct-to-Consumer segments consist of the following: warehouse and shipping, advertising and promotion, occupancy, depreciation and amortization, and other miscellaneous costs. Other segment items in the Licensing segment consists of advertising and promotion and other miscellaneous costs.
For the six months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Direct-to-Consumer |  | Licensing |  | Total
June 30, 2025 |  |  |  |  |  |  |  |  |  |
Total revenue(1) |  | $ | 516,284 |  |  | $ | 283,622 |  |  | $ | 307,566 |  |  | $ | 5,062 |  |  | $ | 1,112,534 |
Less: Cost of sales(2) |  | 339,108 |  |  | 195,764 |  |  | 125,368 |  |  | — |  |  | 660,240 |
Gross profit |  | 177,176 |  |  | 87,858 |  |  | 182,198 |  |  | 5,062 |  |  | 452,294 |
Less: Change in valuation of contingent payment liability(2) |  | — |  |  | (2,075) |  |  | — |  |  | — |  |  | (2,075) |
Less: Salaries and related expense(2) |  | 34,929 |  |  | 27,133 |  |  | 46,657 |  |  | 511 |  |  | 109,230 |
Less: Other segment items(3) |  | 54,254 |  |  | 34,479 |  |  | 186,103 |  |  | 369 |  |  | 275,205 |
Income / (loss) from operations |  | $ | 87,993 |  |  | $ | 28,321 |  |  | $ | (50,562) |  |  | $ | 4,182 |  |  | $ | 69,934 |
(1) There were no inter-segment revenue transactions during any of the periods presented, and therefore, total segment revenue represents consolidated revenue. (2) The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM. (3) Other segment items in the Wholesale Footwear, Wholesale Accessories/Apparel, and Direct-to-Consumer segments consist of the following: warehouse and shipping, advertising and promotion, occupancy, depreciation and amortization, certain transaction related costs, and other miscellaneous costs. Other segment items in the Licensing segment consists of advertising and promotion and other miscellaneous costs.
For the six months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Direct-to-Consumer |  | Licensing |  | Total
June 30, 2024 |  |  |  |  |  |  |  |  |  |
Total revenue(1) |  | $ | 532,685 |  |  | $ | 290,852 |  |  | $ | 248,739 |  |  | $ | 3,658 |  |  | $ | 1,075,934 |
Less: Cost of sales(2) |  | 345,277 |  |  | 197,258 |  |  | 91,455 |  |  | — |  |  | 633,990 |
Gross profit |  | 187,408 |  |  | 93,594 |  |  | 157,284 |  |  | 3,658 |  |  | 441,944 |
Less: Change in valuation of contingent payment liability(2) |  | — |  |  | 8,200 |  |  | — |  |  | — |  |  | 8,200 |
Less: Impairment of intangibles(2) |  | — |  |  | — |  |  | 1,700 |  |  | — |  |  | 1,700 |
Less: Salaries and related expense(2) |  | 34,695 |  |  | 25,445 |  |  | 36,309 |  |  | 624 |  |  | 97,073 |
Less: Other segment items(3) |  | 50,659 |  |  | 26,432 |  |  | 106,210 |  |  | 338 |  |  | 183,639 |
Income from operations |  | $ | 102,054 |  |  | $ | 33,517 |  |  | $ | 13,065 |  |  | $ | 2,696 |  |  | $ | 151,332 |
(1) There were no inter-segment revenue transactions during any of the periods presented, and therefore, total segment revenue represents consolidated revenue. (2) The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM. (3) Other segment items in the Wholesale Footwear, Wholesale Accessories/Apparel, and Direct-to-Consumer segments consist of the following: warehouse and shipping, advertising and promotion, occupancy, depreciation and amortization, and other miscellaneous costs. Other segment items in the Licensing segment consists of advertising and promotion and other miscellaneous costs.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table reconciles total segment income from operations to income before provision for income taxes.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Total segment (loss) / income from operations |  | $ | (11,163) |  |  | $ | 70,957 |  |  | $ | 69,934 |  |  | $ | 151,332 |
Corporate costs |  | (29,095) |  |  | (24,087) |  |  | (56,693) |  |  | (47,716) |
Gain on derivative |  | 9,252 |  |  | — |  |  | 9,252 |  |  | — |
Interest and other (expense) / income – net |  | (3,795) |  |  | 1,354 |  |  | (2,966) |  |  | 2,909 |
Loss / (income) before provision for income taxes |  | $ | (34,801) |  |  | $ | 48,224 |  |  | $ | 19,527 |  |  | $ | 106,525 |
The following table presents capital expenditures by segment:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Wholesale Footwear | $ | 1,030 |  |  | $ | 727 |  |  | $ | 2,401 |  |  | $ | 1,622 |
Wholesale Accessories/Apparel | 225 |  |  | 94 |  |  | 525 |  |  | 188 |
Direct-to-Consumer | 6,020 |  |  | 4,032 |  |  | 11,677 |  |  | 6,244 |
Corporate(1) | 395 |  |  | 441 |  |  | 2,913 |  |  | 1,218 |
Total | $ | 7,670 |  |  | $ | 5,294 |  |  | $ | 17,516 |  |  | $ | 9,272 |
(1) Corporate does not constitute a reportable segment and includes costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cybersecurity, and other shared services.
Depreciation and amortization | The following table presents depreciation and amortization by segment:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Wholesale Footwear | $ | 335 |  |  | $ | 725 |  |  | $ | 991 |  |  | $ | 1,375 |
Wholesale Accessories/Apparel | 9 |  |  | 1,226 |  |  | 940 |  |  | 2,291 |
Direct-to-Consumer | 5,057 |  |  | 1,568 |  |  | 7,412 |  |  | 2,980 |
Corporate(1) | 3,273 |  |  | 1,418 |  |  | 4,583 |  |  | 2,923 |
Total | $ | 8,674 |  |  | $ | 4,937 |  |  | $ | 13,926 |  |  | $ | 9,569 |
(1) Corporate does not constitute a reportable segment and includes costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cybersecurity, and other shared services.
Revenue from External Customers by Geographic Areas | The following table summarizes revenue by geographic areas:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Domestic (1) |  | $ | 368,068 |  |  | $ | 428,534 |  |  | $ | 818,799 |  |  | $ | 883,324 |
International |  | 190,932 |  |  | 95,019 |  |  | 293,735 |  |  | 192,610 |
Total |  | $ | 559,000 |  |  | $ | 523,553 |  |  | $ | 1,112,534 |  |  | $ | 1,075,934 |
(1) Includes revenues of $74,221 and $159,501, respectively, for the three and six months ended June 30, 2025 and $85,666 and $168,123, respectively, for the comparable period in 2024 related to sales to U.S. customers where the title is transferred outside the U.S. and the sale is recorded by the Company's international entities.

X
- Definition Depreciation and amortization + References No definition available. + Details
Name: | shoo_DepreciationAndAmortizationTableTextBlock
Namespace Prefix: | shoo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration