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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales $ 556,090 $ 521,709 $ 1,107,472 $ 1,072,276
Licensing fee income 2,910 1,844 5,062 3,658
Total revenue 559,000 523,553 1,112,534 1,075,934
Cost of sales (exclusive of depreciation and amortization) 332,973 306,424 660,240 633,990
Gross profit 226,027 217,129 452,294 441,944
Operating expenses 263,865 163,709 441,128 328,428
Change in valuation of contingent payment liability 2,420 6,550 (2,075) 8,200
Impairment of intangibles 0 0 0 1,700
(Loss) / income from operations (40,258) 46,870 13,241 103,616
Gain on derivative 9,252 0 9,252 0
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
Provision for income taxes 3,911 11,276 16,979 25,015
Net (loss) / income $ (38,712) $ 36,948 $ 2,548 $ 81,510
Basic net income per share (in dollars per share) $ (0.56) $ 0.50 $ 0.01 $ 1.10
Diluted net income per share (in dollars per share) $ (0.56) $ 0.49 $ 0.01 $ 1.09
Basic weighted average common shares outstanding 70,870 71,458 70,822 71,875
Effect of dilutive securities – options/restricted stock 0 546 148 555
Diluted weighted average common shares outstanding 70,870 72,004 70,970 72,430
Cash dividends declared per common share $ 0.21 $ 0.21 $ 0.42 $ 0.42
Noncontrolling Interest        
Less: net income attributable to noncontrolling interest $ 765 $ 1,572 $ 1,602 $ 2,200
Retained Earnings        
Net (loss) / income attributable to Steven Madden, Ltd. $ (39,477) $ 35,376 $ 946 $ 79,310