Commitments, Contingencies and Other Legal proceedings: As previously disclosed, on July 19, 2011, an individual purporting to act on behalf of a class of similarly situated individuals commenced a civil action in the United States District Court for the Central District of California, Samantha Ellison, individually and on behalf of a class of similarly situated individuals v. Steven Madden, Ltd., No. CV11-05935 (the  Ellison Action ) asserting that the Company made unsolicited commercial text calls to wireless telephone numbers of the class members in violation of the Telephone Consumers Protection Act (the "TCPA") and seeking, on behalf of the class, an injunction requiring the Company to cease all wireless text messages without prior written consent as required by the TCPA, as well as the recovery of statutory damages to the class members together with costs and reasonable attorneys' fees. The Company responded by challenging the suit on several grounds. Settlement discussions resulted in a settlement being reached on July 30, 2012, subject to final court approval, for an aggregate gross settlement fund amount of $10,000 , including all settlement costs and administration fees, as well as fees recoverable by class counsel. On September 25, 2012, the court certified the class for settlement purposes only and approved the settlement on a preliminary basis. Following a fairness hearing, on May 7, 2013, the court entered an order granting final approval of the settlement and dismissing the Ellison Action on the merits and with prejudice. The court further authorized the claims administrator to pay from the $10,000 settlement fund $1,250 in attorneys' fees and $140 in costs to class counsel, $459 in fees to the claims administrator and $10 as a class representative enhancement award to Samantha Ellison. As the final settlement calls for the reversion of all monies not paid to class claimants, it is possible that the actual settlement amount paid by the Company will be substantially less than $10,000 . In addition,