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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales to external customers $ 497,308,000 $ 458,482,000 $ 1,353,222,000 $ 1,243,249,000
Cost of Goods and Services Sold 306,277,000 283,265,000 839,849,000 779,525,000
Gross profit 191,031,000 175,217,000 513,373,000 463,724,000
Commission and licensing fee income – net 2,157,000 4,994,000 6,531,000 10,897,000
Operating expenses 125,147,000 110,007,000 358,520,000 326,276,000
Impairment charges 0 0 (4,050,000) 0
Income from operations 68,041,000 70,204,000 157,334,000 148,345,000
Interest and other income – net 961,000 872,000 3,415,000 2,502,000
Income before provision for income taxes 69,002,000 71,076,000 160,749,000 150,847,000
Provision for income taxes (Note J) 15,886,000 14,757,000 36,257,000 32,885,000
Net income 53,116,000 56,319,000 124,492,000 117,962,000
Less: net income attributable to noncontrolling interest 653,000 756,000 932,000 1,316,000
Net income attributable to Steven Madden, Ltd. $ 52,463,000 $ 55,563,000 $ 123,560,000 $ 116,646,000
Basic net income per share (in dollars per share) $ 0.66 $ 0.68 $ 1.55 $ 1.43
Diluted net income per share (in dollars per share) $ 0.63 $ 0.64 $ 1.48 $ 1.35
Basic weighted average common shares outstanding 79,092 81,727 79,854 81,832
Effect of dilutive securities – options/restricted stock 4,014 4,847 3,886 4,441
Diluted weighted average common shares outstanding 83,106 86,574 83,740 86,273
Common Stock, Dividends, Per Share, Cash Paid $ 0.14 $ 0.13 $ 0.42 $ 0.39