10-Q Filing

STEVEN MADDEN, LTD. CIK: 913241 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001019056-11-000519`
Period End Date	20110331
Filing Date	20110509
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	shoo-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 119 Income Statement 30 Cash Flow Statement 54

Balance Sheet 119 line items

Line Item	Tag	Value	Unit	Period
Allowances for Accounts Receivables (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.18M	USD	Point-in-time
Allowances for Accounts Receivables (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.46M	USD	Point-in-time
Allowances for Accounts Receivables (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.44M	USD	Point-in-time
Allowances for Due from Factors (in Dollars)	`ValuationAllowancesAndReservesBalance`	$10.91M	USD	Point-in-time
Allowances for Due from Factors (in Dollars)	`ValuationAllowancesAndReservesBalance`	$9.52M	USD	Point-in-time
Allowances for Due from Factors (in Dollars)	`ValuationAllowancesAndReservesBalance`	$12.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	USD	Point-in-time
Accounts receivable, net of allowances of $2,442, $2,458 and $1,175	`AccountsReceivableNet`	$8.12M	USD	Point-in-time
Accounts receivable, net of allowances of $2,442, $2,458 and $1,175	`AccountsReceivableNet`	$18.74M	USD	Point-in-time
Accounts receivable, net of allowances of $2,442, $2,458 and $1,175	`AccountsReceivableNet`	$26.89M	USD	Point-in-time
Due from factor, net of allowances of $9,515, $12,800 and $10,913	`ReceivablesNetCurrent`	$52.21M	USD	Point-in-time
Due from factor, net of allowances of $9,515, $12,800 and $10,913	`ReceivablesNetCurrent`	$70.11M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from factor, net of allowances of $9,515, $12,800 and $10,913	`ReceivablesNetCurrent`	$56.69M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$39.56M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Inventories	`InventoryNet`	$23.93M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Inventories	`InventoryNet`	$33.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.42M	shares	Point-in-time
Marketable securities available for sale	`AvailableForSaleSecuritiesCurrent`	$10.73M	USD	Point-in-time
Marketable securities available for sale	`AvailableForSaleSecuritiesCurrent`	$18.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.82M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.55M	shares	Point-in-time
Marketable securities available for sale	`AvailableForSaleSecuritiesCurrent`	$13.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.01M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$11.04M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$10.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$13.60M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.56M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.14M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$8.79M	USD	Point-in-time
Treasury stock shares at cost	`TreasuryStockShares`	8.40M	shares	Point-in-time
Treasury stock shares at cost	`TreasuryStockShares`	8.26M	shares	Point-in-time
Treasury stock shares at cost	`TreasuryStockShares`	8.40M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$9.08M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$9.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$210.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$198.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$221.50M	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableGrossNoncurrent`	$7.16M	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableGrossNoncurrent`	$7.02M	USD	Point-in-time
Note receivable related party	`NotesReceivableRelatedPartiesNoncurrent`	$3.61M	USD	Point-in-time
Note receivable related party	`NotesReceivableRelatedPartiesNoncurrent`	$3.91M	USD	Point-in-time
Note receivable related party	`NotesReceivableRelatedPartiesNoncurrent`	$3.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$22.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$22.49M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$7.37M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$7.84M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$7.89M	USD	Point-in-time
Deposits and other	`OtherAssetsNoncurrent`	$2.56M	USD	Point-in-time
Deposits and other	`OtherAssetsNoncurrent`	$2.53M	USD	Point-in-time
Deposits and other	`OtherAssetsNoncurrent`	$1.81M	USD	Point-in-time
Marketable securities available for sale	`MarketableSecuritiesNoncurrent`	$114.32M	USD	Point-in-time
Marketable securities available for sale	`MarketableSecuritiesNoncurrent`	$117.71M	USD	Point-in-time
Marketable securities available for sale	`MarketableSecuritiesNoncurrent`	$70.17M	USD	Point-in-time
Goodwill net	`Goodwill`	$36.61M	USD	Point-in-time
Goodwill net	`Goodwill`	$38.61M	USD	Point-in-time
Goodwill net	`Goodwill`	$38.61M	USD	Point-in-time
Intangibles net	`IntangibleAssetsNetExcludingGoodwill`	$42.66M	USD	Point-in-time
Intangibles net	`IntangibleAssetsNetExcludingGoodwill`	$15.56M	USD	Point-in-time
Intangibles net	`IntangibleAssetsNetExcludingGoodwill`	$42.05M	USD	Point-in-time
Total Assets	`Assets`	$464.03M	USD	Point-in-time
Total Assets	`Assets`	$355.97M	USD	Point-in-time
Total Assets	`Assets`	$447.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.09M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$18.43M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.25M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.96M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.01M	USD	Point-in-time
Accrued incentive compensation	`AccruedBonusesCurrent`	$15.92M	USD	Point-in-time
Accrued incentive compensation	`AccruedBonusesCurrent`	$3.89M	USD	Point-in-time
Accrued incentive compensation	`AccruedBonusesCurrent`	$3.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.19M	USD	Point-in-time
Contingent payment liability	`BusinessAcquisitionContingentConsiderationPotentialCashPayment`	$12.37M	USD	Point-in-time
Contingent payment liability	`BusinessAcquisitionContingentConsiderationPotentialCashPayment`	$12.00M	USD	Point-in-time
Contingent payment liability	`BusinessAcquisitionContingentConsiderationPotentialCashPayment`	$10.46M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$5.66M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$5.47M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$5.09M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.04M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.13M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.62M	USD	Point-in-time
Total Liabilities	`Liabilities`	$85.66M	USD	Point-in-time
Total Liabilities	`Liabilities`	$90.40M	USD	Point-in-time
Total Liabilities	`Liabilities`	$69.90M	USD	Point-in-time
Common stock $.0001 par value, 60,000 shares authorized, 36,545, 36,416 and 35,818 shares issued, 28,142, 28,013 and 27,556 outstanding	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock $.0001 par value, 60,000 shares authorized, 36,545, 36,416 and 35,818 shares issued, 28,142, 28,013 and 27,556 outstanding	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock $.0001 par value, 60,000 shares authorized, 36,545, 36,416 and 35,818 shares issued, 28,142, 28,013 and 27,556 outstanding	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$169.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$150.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$165.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$323.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$262.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$340.94M	USD	Point-in-time
Unrealized gain on marketable securities (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-890.00K	USD	1 Quarter
Unrealized gain on marketable securities (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-972.00K	USD	Annual
Unrealized gain on marketable securities (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-920.00K	USD	1 Quarter
Treasury stock 8,403, 8,403 and 8,262 shares at cost	`TreasuryStockValue`	$-132.54M	USD	Point-in-time
Treasury stock 8,403, 8,403 and 8,262 shares at cost	`TreasuryStockValue`	$-127.98M	USD	Point-in-time
Treasury stock 8,403, 8,403 and 8,262 shares at cost	`TreasuryStockValue`	$-132.54M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$357.30M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$378.37M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$286.07M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$355.97M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$447.70M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$464.03M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$131.61M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$165.75M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$71.67M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$96.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$69.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.94M	USD	1 Quarter
Commission and licensing fee income net	`CommissionAndLicensingFeeIncomeNet`	$6.18M	USD	1 Quarter
Commission and licensing fee income net	`CommissionAndLicensingFeeIncomeNet`	$4.57M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$46.24M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$41.26M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$24.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$27.45M	USD	1 Quarter
Interest and other income net	`InterestIncomeExpenseNet`	$1.52M	USD	1 Quarter
Interest and other income net	`InterestIncomeExpenseNet`	$784.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.97M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.64M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.38M	USD	1 Quarter
Basic net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted net income per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter
Diluted net income per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesIssuedBasic`	27.96M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesIssuedBasic`	27.45M	shares	1 Quarter
Effect of dilutive securities options/restricted stock (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	561,000.00	shares	1 Quarter
Effect of dilutive securities options/restricted stock (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	700,000.00	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.53M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.16M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.38M	USD	1 Quarter
Tax benefit from the exercise of options	`TaxBenefitFromStockOptionsExercised`	$-544.00K	USD	1 Quarter
Tax benefit from the exercise of options	`TaxBenefitFromStockOptionsExercised`	$-527.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.21M	USD	1 Quarter
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$463.00K	USD	1 Quarter
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$366.00K	USD	1 Quarter
Non-cash compensation	`ShareBasedCompensation`	$1.82M	USD	1 Quarter
Non-cash compensation	`ShareBasedCompensation`	$2.52M	USD	1 Quarter
Provision for doubtful accounts and chargebacks	`ProvisionForDoubtfulAccounts`	$-3.30M	USD	1 Quarter
Provision for doubtful accounts and chargebacks	`ProvisionForDoubtfulAccounts`	$-1.59M	USD	1 Quarter
Accrued interest on note receivable related party	`AccruedInterestOnNoteReceivableRelatedParty`	$-58.00K	USD	1 Quarter
Accrued interest on note receivable related party	`AccruedInterestOnNoteReceivableRelatedParty`	$-45.00K	USD	1 Quarter
Deferred rent expense	`IncreaseDecreaseInDeferredRentReceivables`	$194.00K	USD	1 Quarter
Deferred rent expense	`IncreaseDecreaseInDeferredRentReceivables`	$50.00K	USD	1 Quarter
Realized (gain) on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-45.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.13M	USD	1 Quarter
Due from factor	`IncreaseDecreaseInReceivables`	$-14.62M	USD	1 Quarter
Due from factor	`IncreaseDecreaseInReceivables`	$-7.58M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.71M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.79M	USD	1 Quarter
Prepaid expenses, deposits and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$552.00K	USD	1 Quarter
Prepaid expenses, deposits and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.69M	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.32M	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.38M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.12M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.58M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$668.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.70M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$6.33M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$12.89M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$4.00M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$11.60M	USD	1 Quarter
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-11.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.99M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$332.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$232.00K	USD	1 Quarter
Tax benefit from the exercise of options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$527.00K	USD	1 Quarter
Tax benefit from the exercise of options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$544.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$776.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$859.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.80M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.00K	USD	1 Quarter
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.15M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.27M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.35M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.15M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.27M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.35M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.