2014 Q4 Form 10-Q Financial Statement

#000144530514004897 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q3
Revenue $342.6M $394.8M
YoY Change -0.09% 10.62%
Cost Of Revenue $225.1M $255.1M
YoY Change 5.48% 13.04%
Gross Profit $117.5M $139.7M
YoY Change -9.27% 6.47%
Gross Profit Margin 34.3% 35.39%
Selling, General & Admin $0.00
YoY Change
% of Gross Profit 0.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.100M $3.100M
YoY Change 24.24% 3.33%
% of Gross Profit 3.49% 2.22%
Operating Expenses $85.50M $76.54M
YoY Change 11.18% 4.04%
Operating Profit $32.00M $68.10M
YoY Change -39.16% 20.8%
Interest Expense -$100.0K $1.300M
YoY Change -105.0% -38.1%
% of Operating Profit -0.31% 1.91%
Other Income/Expense, Net $700.0K
YoY Change
Pretax Income $32.50M $69.41M
YoY Change -41.55% 18.62%
Income Tax $11.40M $25.32M
% Of Pretax Income 35.08% 36.49%
Net Earnings $21.00M $43.99M
YoY Change -41.18% 16.09%
Net Earnings / Revenue 6.13% 11.14%
Basic Earnings Per Share $0.68
Diluted Earnings Per Share $225.3K $0.66
COMMON SHARES
Basic Shares Outstanding 64.23M shares 64.45M shares
Diluted Shares Outstanding 66.86M shares

Balance Sheet

Concept 2014 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.6M $142.3M
YoY Change -43.95% 89.99%
Cash & Equivalents $81.45M $122.4M
Short-Term Investments $31.20M $19.80M
Other Short-Term Assets $42.30M $32.00M
YoY Change 15.26% 3.9%
Inventory $92.68M $99.67M
Prepaid Expenses
Receivables $194.6M $249.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $442.2M $523.6M
YoY Change -10.96% 20.41%
LONG-TERM ASSETS
Property, Plant & Equipment $68.91M $54.20M
YoY Change 21.73% 24.6%
Goodwill $154.8M $96.58M
YoY Change 60.99% 5.48%
Intangibles $139.7M $131.8M
YoY Change 7.79% -3.47%
Long-Term Investments $90.40M $92.40M
YoY Change -0.99% 16.23%
Other Assets $10.04M $1.881M
YoY Change 206.35% -16.92%
Total Long-Term Assets $469.0M $383.5M
YoY Change 22.27% 6.4%
TOTAL ASSETS
Total Short-Term Assets $442.2M $523.6M
Total Long-Term Assets $469.0M $383.5M
Total Assets $911.2M $907.1M
YoY Change 3.52% 14.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.64M $127.8M
YoY Change -6.55% 32.13%
Accrued Expenses $67.83M $48.53M
YoY Change 82.83% 26.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $177.6M $192.2M
YoY Change 14.94% 19.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $39.40M $39.40M
YoY Change 16.91% -13.97%
Total Long-Term Liabilities $39.40M $39.40M
YoY Change 16.91% -13.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $177.6M $192.2M
Total Long-Term Liabilities $39.40M $39.40M
Total Liabilities $241.7M $234.6M
YoY Change 20.01% 12.27%
SHAREHOLDERS EQUITY
Retained Earnings $783.9M $636.4M
YoY Change 16.64% 25.5%
Common Stock $6.000K $8.000K
YoY Change -14.29% 60.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $376.9M $202.0M
YoY Change 60.6% 52.41%
Treasury Stock Shares 19.87M shares 13.67M shares
Shareholders Equity $669.3M $672.4M
YoY Change
Total Liabilities & Shareholders Equity $911.2M $907.1M
YoY Change 3.52% 14.06%

Cashflow Statement

Concept 2014 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $21.00M $43.99M
YoY Change -41.18% 16.09%
Depreciation, Depletion And Amortization $4.100M $3.100M
YoY Change 24.24% 3.33%
Cash From Operating Activities $78.20M -$7.100M
YoY Change -19.71% -74.91%
INVESTING ACTIVITIES
Capital Expenditures -$5.700M $5.707M
YoY Change 32.56% -175.09%
Acquisitions
YoY Change
Other Investing Activities -$123.5M $10.30M
YoY Change -15537.5% -39.41%
Cash From Investing Activities -$129.2M $4.600M
YoY Change 3488.89% -51.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.10M -42.80M
YoY Change 3.34% -1480.65%
NET CHANGE
Cash From Operating Activities 78.20M -7.100M
Cash From Investing Activities -129.2M 4.600M
Cash From Financing Activities -37.10M -42.80M
Net Change In Cash -88.10M -45.30M
YoY Change -252.16% 186.71%
FREE CASH FLOW
Cash From Operating Activities $78.20M -$7.100M
Capital Expenditures -$5.700M $5.707M
Free Cash Flow $83.90M -$12.81M
YoY Change -17.5% -38.13%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Reporting</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements of Steven Madden, Ltd. and subsidiaries (the &#8220;Company&#8221;) have been prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;GAAP&#8221;) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the financial position of the Company and the results of its operations and cash flows for the periods presented. Certain adjustments were made to prior years' amounts to conform to the </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;"> presentation. The results of operations for the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> month periods ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the operating results for the full year. These financial statements should be read in conjunction with the financial statements and related disclosures for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> included in the Annual Report of Steven Madden, Ltd. on Form 10-K filed with the SEC on February 27, 2014.</font></div></div>
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Investment Income Amortization Of Premium
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CY2013Q4 us-gaap Minority Interest
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CY2013Q3 us-gaap Minority Interest
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2013Q3 us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Operating Expenses
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2014Q3 us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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OtherComprehensiveIncomeLossTax
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OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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420000 USD
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CY2013Q4 us-gaap Other Liabilities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments To Acquire Available For Sale Securities
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us-gaap Payments To Acquire Available For Sale Securities
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PaymentsToAcquireBusinessesGross
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2014Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2013Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
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CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
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ProceedsFromStockOptionsExercised
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2940000 USD
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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ProfitLoss
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ProfitLoss
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RetainedEarningsAccumulatedDeficit
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sales Deductions</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company supports retailers&#8217; initiatives to maximize sales of the Company&#8217;s products on the retail floor by subsidizing the co-op advertising programs of such retailers, providing them with inventory markdown allowances and participating in various other marketing initiatives of its major customers. In addition, the Company accepts returns for damaged products for which the Company&#8217;s costs are normally charged back to the responsible third-party factory. Such expenses are reflected in the condensed consolidated financial statements as deductions to net sales.</font></div></div>
CY2014Q3 us-gaap Revenues
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2013Q3 us-gaap Revenues
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CY2013Q3 us-gaap Sales Revenue Goods Net
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CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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us-gaap Sales Revenue Goods Net
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2014Q3 us-gaap Share Based Compensation
ShareBasedCompensation
4817000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
168000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
425000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
29.07
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.05
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4257000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4333500 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4381000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4179000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.54
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
23.16
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.14
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.24
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
244000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
340500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
24.64
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
24.92
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
23466000 shares
CY2009Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
13716000 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
23466000 shares
CY2007Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5231250 shares
CY2006Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4050000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4791891 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2442000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
14.22
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1948000 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1650000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11089000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3083000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
81000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
26.93
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
449000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.12
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.07
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3373000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3565000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.01
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.06
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
43988000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
34.97
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y2M
us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
37000 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
2000 shares
CY2014Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
18674109 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
176000 shares
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
21.49 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
27.03 USD
us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
20000000 USD
CY2014Q2 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
150000000 USD
CY2014Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
90240000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3000922 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
101751000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
672434000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
685390000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
678517000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
678840000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
685679000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
672555000 USD
us-gaap Straight Line Rent
StraightLineRent
-1035000 USD
us-gaap Straight Line Rent
StraightLineRent
-1420000 USD
CY2014Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTax
21000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
33.91
CY2014Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
17532000 shares
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
13667000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
15605000 shares
CY2014Q3 us-gaap Treasury Stock Value
TreasuryStockValue
336466000 USD
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
202008000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
234715000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant areas involving management estimates include allowances for bad debts, returns and customer chargebacks, inventory valuation, valuation of intangible assets, litigation reserves and contingent payment liabilities. The Company provides reserves on trade accounts receivables and factor receivables for future customer chargebacks and markdown allowances, discounts, returns and other miscellaneous compliance related deductions that relate to the current period sales. The Company evaluates anticipated chargebacks by reviewing several performance indicators of its major customers. These performance indicators, which include retailers&#8217; inventory levels, sell-through rates and gross margin levels, are analyzed by management to estimate the amount of the anticipated customer allowance.</font></div></div>
CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
17818000 USD
CY2014Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
11440000 USD
CY2013Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
10945000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2248000 shares
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2196000 shares
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2410000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2136000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66860000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63215000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67062000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64184000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61019000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61936000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64926000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64450000 shares
shoo Business Acquisition Contingent Consideration Actual Cash Payment
BusinessAcquisitionContingentConsiderationActualCashPayment
8475000 USD
shoo Business Acquisition Contingent Consideration Actual Cash Payment
BusinessAcquisitionContingentConsiderationActualCashPayment
7420000 USD
CY2014Q3 shoo Business Acquisition Contingent Consideration Actual Cash Payment
BusinessAcquisitionContingentConsiderationActualCashPayment
5160000 USD
CY2014Q2 shoo Business Acquisition Contingent Consideration Actual Cash Payment
BusinessAcquisitionContingentConsiderationActualCashPayment
3315000 USD
shoo Commission And Licensing Fee Income Net
CommissionAndLicensingFeeIncomeNet
13002000 USD
shoo Commission And Licensing Fee Income Net
CommissionAndLicensingFeeIncomeNet
11461000 USD
CY2014Q3 shoo Commission And Licensing Fee Income Net
CommissionAndLicensingFeeIncomeNet
5103000 USD
CY2013Q3 shoo Commission And Licensing Fee Income Net
CommissionAndLicensingFeeIncomeNet
4937000 USD
shoo Commissions And Licensing Fees Net
CommissionsAndLicensingFeesNet
11461000 USD
CY2014Q3 shoo Commissions And Licensing Fees Net
CommissionsAndLicensingFeesNet
5103000 USD
CY2013Q3 shoo Commissions And Licensing Fees Net
CommissionsAndLicensingFeesNet
4937000 USD
shoo Commissions And Licensing Fees Net
CommissionsAndLicensingFeesNet
13002000 USD
CY2014Q3 shoo Contingent Consideration Liability Current Portion
ContingentConsiderationLiabilityCurrentPortion
12476000 USD
CY2013Q3 shoo Contingent Consideration Liability Current Portion
ContingentConsiderationLiabilityCurrentPortion
9322000 USD
CY2013Q4 shoo Contingent Consideration Liability Current Portion
ContingentConsiderationLiabilityCurrentPortion
10695000 USD
CY2014Q3 shoo Employee Service Share Based Compensation Nonvested Restricted Awards Total Compensation Cost Not Yet Recognized Period For Recognition
EmployeeServiceShareBasedCompensationNonvestedRestrictedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition
P8Y1M
CY2014Q3 shoo Employee Service Share Based Compensation Nonvested Restricted Stock Awards Total Compensation Cost Not Yet Recognized In Dollars
EmployeeServiceShareBasedCompensationNonvestedRestrictedStockAwardsTotalCompensationCostNotYetRecognizedInDollars
80892000 USD
CY2014Q3 shoo Factoring Fee
FactoringFee
0.0025
shoo Income From Operations
IncomeFromOperations
150146000 USD
CY2013Q3 shoo Income From Operations
IncomeFromOperations
68097000 USD
CY2014Q3 shoo Income From Operations
IncomeFromOperations
59333000 USD
shoo Income From Operations
IncomeFromOperations
135638000 USD
shoo Interest Income Related Party In Dollars
InterestIncomeRelatedPartyInDollars
1090000 USD
CY2014Q3 shoo Letters Of Credit Sub Limit Capacity Amount In Dollars
LettersOfCreditSubLimitCapacityAmountInDollars
15000000 USD
CY2014Q3 shoo Market Value Shares Pledged As Collateral Related Party In Dollars
MarketValueSharesPledgedAsCollateralRelatedPartyInDollars
15229000 USD
CY2013Q3 shoo Related Party Shares Pledged As Collateral
RelatedPartySharesPledgedAsCollateral
472500 shares
CY2012Q3 shoo Related Party Transaction Restricted Shares Granted During Period
RelatedPartyTransactionRestrictedSharesGrantedDuringPeriod
1893342 shares
CY2012Q1 shoo Related Party Transaction Restricted Shares Granted During Period
RelatedPartyTransactionRestrictedSharesGrantedDuringPeriod
1463057 shares
CY2014Q3 shoo Share Based Compensation Arrangement By Share Based Payment Award Equity Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityOptionsNonvestedNumber
1123000 shares
CY2014Q3 shoo Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable During Period Weighted Average Exercise Price In Dollars Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableDuringPeriodWeightedAverageExercisePriceInDollarsPerShare
25.69
dei Entity Registrant Name
EntityRegistrantName
STEVEN MADDEN, LTD.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
shoo Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable During Period Weighted Average Exercise Price In Dollars Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableDuringPeriodWeightedAverageExercisePriceInDollarsPerShare
12.58
CY2013Q3 shoo Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable During Period Weighted Average Exercise Price In Dollars Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableDuringPeriodWeightedAverageExercisePriceInDollarsPerShare
16.90
shoo Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod
462846 shares
CY2014Q3 shoo Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod
32072 shares
CY2013Q3 shoo Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod
72440 shares
shoo Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod
979436 shares
CY2014Q3 shoo Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsexercisableweightedaverageexerciseprice2
Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsexercisableweightedaverageexerciseprice2
P2Y4M
CY2014Q3 shoo Stock Issued During Period Shares Restricted Stock Award Subject To Forfeiture
StockIssuedDuringPeriodSharesRestrictedStockAwardSubjectToForfeiture
4129000 shares
shoo Stock Issued During Period Shares Restricted Stock Award Subject To Forfeiture
StockIssuedDuringPeriodSharesRestrictedStockAwardSubjectToForfeiture
4156000 shares
CY2013Q3 shoo Stock Issued During Period Shares Restricted Stock Award Subject To Forfeiture
StockIssuedDuringPeriodSharesRestrictedStockAwardSubjectToForfeiture
4290000 shares
shoo Stock Issued During Period Shares Restricted Stock Award Subject To Forfeiture
StockIssuedDuringPeriodSharesRestrictedStockAwardSubjectToForfeiture
4305000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000913241
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
64227437 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer

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