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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 442,837 $ 532,680 $ 904,574 $ 1,090,024
Commission and licensing fee income 2,465 2,309 4,562 4,699
Total revenue 445,302 534,989 909,136 1,094,723
Cost of Goods and Services Sold 255,432 317,224 524,174 649,060
Gross profit 189,870 217,765 384,962 445,663
Operating expenses 145,830 152,526 294,411 282,528
Income from operations 44,040 65,239 90,551 163,135
Interest and other income/(expense) – net 1,956 1,291 3,976 1,234
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 45,996 63,948 94,527 161,901
Provision for income taxes 10,923 15,033 22,668 38,393
Net income $ 35,073 $ 48,915 71,859 123,508
Less: net income attributable to noncontrolling interest     600 535
Net income attributable to Steven Madden, Ltd.     $ 71,259 $ 122,973
Basic net income per share (in dollars per share) $ 0.47 $ 0.63 $ 0.96 $ 1.60
Diluted net income per share (in dollars per share) $ 0.46 $ 0.62 $ 0.95 $ 1.55
Basic weighted average common shares outstanding 73,613 76,556 74,053 76,902
Effect of dilutive securities – options/restricted stock 1,270 2,158 1,308 2,288
Diluted weighted average common shares outstanding 74,883 78,714 75,361 79,190
Common Stock, Dividends, Per Share, Cash Paid $ 0.21 $ 0.21 $ 0.42 $ 0.42
Noncontrolling Interest        
Less: net income attributable to noncontrolling interest $ 544 $ 455    
Retained Earnings        
Net income attributable to Steven Madden, Ltd. $ 34,529 $ 48,460   $ 122,973